because it does not bring anything new to the table
Didn't invest my time reading about it, and don't want to put my funds on it - yet some who play around in degen trenches may.
Their choice - and their struggle.
Topic: Trends like PNUT will eventually die - page 2. (Read 342 times)
Didn't invest my time reading about it, and don't want to put my funds on it - yet some who play around in degen trenches may.
Their choice - and their struggle.
People who go into shitcoins do know what they doing - it's go big or go home.
Either that - or a person clearly has faith that that exact token or meme would flip and gain his profit.
No need to find logic here besides analysis done on the founders, community, etc. - even that can be hardly put together to know whether to try out your luck or not.
Either that - or a person clearly has faith that that exact token or meme would flip and gain his profit.
No need to find logic here besides analysis done on the founders, community, etc. - even that can be hardly put together to know whether to try out your luck or not.
because it does not bring anything new to the table
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Yah, it’s wild how hype makes people lose focus. PNUT hitting a billion in days? That’s all FOMO and speculative gambling, not logic. Most folks want quick flips, not long-term plays. It’s obvious these trends can’t last, but emotions win over fundamentals every time. Just shows how impatient the market can be, lol. As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
PNUT sounds like a meme coin, so yeah but even not meme coins, trends can still die for them. It is just that non-meme coins can stay long and then there is still a chance for them to be in the spotlight again. There are just people who are hard headed mate and they might never change anymore sadly, so if I were you I won't stress my self anymore at them. Investing for the long term is actually much safer but also if we team it up with the right assets.
As for the meme coins, obviously they are good only for the short term but I think there are crazy people that treats them like an ordinary crypto, that they also HODL it longer. You already answered your last question there and that is the reason on why there is still a demand for them. The demand is also one of the responsible for their rise but mostly it comes from the team and the whales. It is called as manipulation.
As for the meme coins, obviously they are good only for the short term but I think there are crazy people that treats them like an ordinary crypto, that they also HODL it longer. You already answered your last question there and that is the reason on why there is still a demand for them. The demand is also one of the responsible for their rise but mostly it comes from the team and the whales. It is called as manipulation.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Because not many people are long term investors, so many people just want to buy coins for short term profit, so they do not care if the coin has any utility, or if it is sustainable for the long term, what they care about is which coins currently has the hype, and they go for it. Long term investors would not buy this kind of coin, because you have to watch it constantly and be ready to sell before it will dump on you. 
Investors of shitcoin like this knew the risk they are entering. It’s not that they dumb enough to fall for this shitcoins rather they are aiming for the potential quick gain since token like this is highly volatile.
Imagine this, they will toss away 100$ or less then wait if the token will grow. Once they are lucky they might experience x100 or more while their max loss is just 100$. Its a high risk high reward game which people is willing to risk for massive gain.
Imagine this, they will toss away 100$ or less then wait if the token will grow. Once they are lucky they might experience x100 or more while their max loss is just 100$. Its a high risk high reward game which people is willing to risk for massive gain.
this is exactly the right answer I think, people just wanna toss $100 to speculate and to be ton potentially life changing memes I mean if people lose $100 they can just work again since it's just measly amount but imagine the prospect of investing to PNUT when the mcap was still miniscule like about $500k and suddenly the mcap goes straight to $1 billion the next month, you're literally getting 0.xxx% of the total supply which amounts to 1 billion.
all it takes is just one lucky bet.
but guess what, sometime the odd is low and sometime investing in meme is not even worth it but some people also like the thrill.
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People like speculate, despite the fact that these coin basically have no fundamental, people like to invest in it becuase why not.
maybe coin like PNUT will eventually die, but so far all these memes has survived several cycle of bull and bear, just like DOGE, in this case, I dare not to call these meme will eventually die because they are in general more resilient that it looked.
only a fool would invest for a long time in meme, most of the smart money only invests while the trend lasted. once they reached their target they are getting out.
also just because a crypto is solid, doesn't mean they will fare better than meme, just look at previous cycle which solid altcoin are dominating the market and see where they are now. most of them are getting replaced.
maybe coin like PNUT will eventually die, but so far all these memes has survived several cycle of bull and bear, just like DOGE, in this case, I dare not to call these meme will eventually die because they are in general more resilient that it looked.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
only a fool would invest for a long time in meme, most of the smart money only invests while the trend lasted. once they reached their target they are getting out.
also just because a crypto is solid, doesn't mean they will fare better than meme, just look at previous cycle which solid altcoin are dominating the market and see where they are now. most of them are getting replaced.
Because people think it will go even higher. Memecoin trend is a trend that emerges from time to time and makes good money if you go in and out at the right time.
PNUT has 1.2b marketcap. BONK and WIF has more than 3b. If people think PNUT can go up that high it makes 3x which is a great profit. That's why people still put money on these coins. They also have DOGE example in front of them. Who would've thought DOGE marketcap will be 65b one day? But here we are.
PNUT has 1.2b marketcap. BONK and WIF has more than 3b. If people think PNUT can go up that high it makes 3x which is a great profit. That's why people still put money on these coins. They also have DOGE example in front of them. Who would've thought DOGE marketcap will be 65b one day? But here we are.
Your reasoning makes sense, I wanted to write the same thing before, but I saw you could type what was on my mind. People still believe in Peanut the Squirrel (PNUT) because they have real examples from other projects that $PNUT can go much further than where it is now. Maybe they hope that $PNUT can become like $PEPE, $SHIB or maybe $DOGE.
The most effective way to trade memecoins have always been to follow the trend. When the trend is up abd everyone is talking about it and buying, you should already by plotting your exit zones. This is mostly true for all memes but there are exceptional ones that end up being more than just a memecoin project but a movement that people believe it. I'm talking of the likes of Popcat, Wif, Doge, Shiba inu, etc.There's always 2 sides to a coin.
The obvious answer to these questions is very simple. Fast money. That's the answer, no one has the patience to participate and cultivate a project until this matures. The way out of all this is to find something that can appreciate quickly and try to make some profit.
Because people think it will go even higher. Memecoin trend is a trend that emerges from time to time and makes good money if you go in and out at the right time.
PNUT has 1.2b marketcap. BONK and WIF has more than 3b. If people think PNUT can go up that high it makes 3x which is a great profit. That's why people still put money on these coins. They also have DOGE example in front of them. Who would've thought DOGE marketcap will be 65b one day? But here we are.
PNUT has 1.2b marketcap. BONK and WIF has more than 3b. If people think PNUT can go up that high it makes 3x which is a great profit. That's why people still put money on these coins. They also have DOGE example in front of them. Who would've thought DOGE marketcap will be 65b one day? But here we are.
Of course there’s a huge chance these type of speculative tokens will blow up & get obliterated. It does not mean that you can’t do very well in this sort of craze though. You don’t have to believe in a tokens long term success to handsomely profit from it. When a viral news story like PNUT happens & somebody makes a token dedicated to it, buy it & use latecomers as your exit liquidity, here for a good time, not a long time.
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
.. What is the reason for huge craze for these coins when long term result is very clear already ?
.. What is the reason for huge craze for these coins when long term result is very clear already ?
There's even a thread that compares PNUT to Bitcoin in trying to hype PNUT. I guess this is because of narratives and memes that can relate to people's emotions, and PNUT is just like that; if the whales saw that it caught the support of the majority of the community, they will move to pump it, and that pump will result in a domino effect and snowballed into a massive pump that people will feel FOMO about, so they start buying this token.
In the end, its the small investors who do not know when to make a profit and dump their tokens that will eventually lose.
Investors of shitcoin like this knew the risk they are entering. It’s not that they dumb enough to fall for this shitcoins rather they are aiming for the potential quick gain since token like this is highly volatile.
Imagine this, they will toss away 100$ or less then wait if the token will grow. Once they are lucky they might experience x100 or more while their max loss is just 100$. Its a high risk high reward game which people is willing to risk for massive gain.
Imagine this, they will toss away 100$ or less then wait if the token will grow. Once they are lucky they might experience x100 or more while their max loss is just 100$. Its a high risk high reward game which people is willing to risk for massive gain.
That's what other investors actually do, especially if they know that there is a meme coin like this that will emerge in the crypto industry field. But if I were only in Pnut now, even if its price rises, I would invest in something else, because it has already surpassed the market since it started.
Though, it's also disappointing that I didn't immediately hear or find out about this Pnut that only recently emerged, and I can say that the team that handled Pnut
is great for the promotional work they did.
My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Some people just want to be part of the game, make money and sell. This has been how many altcoins are in the past. You will see them got pumped, fall and they will not get to their all-time high anymore. If Pnut is like that, it will not be a surprise. You will see how those meme coins are heavily pumped and dumped. 
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
You're right but wherever money goes, people flock in there. So, those that have entered early and way below the current market price, they'd stay.While those that FOMO, they'll never understand that trends do lie low eventually.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
FOMO.That's it, no other reason but the hope and the FOMO that everyone is feeling trying to reach some good gains with them.
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
PNUT is not a Long term project and it's likely an over hyped one and lot of investors do loves such project for easy gain and possibly x10 in return. Watch carefully or study the project carefully you would see that after this bull run next year then comes bear run you would hardly see this project continue soaring as it is now because, investors might have succeeded gaining the profits they desired to make through the coin therefore, they would focused their interest in some other newly birth projects for another advantage of project making. For investment, this project is good for short term investment rather than longer term.Big centralized exchange is one of the main factor for this kind of tokens over hyped since they are listing useless tokens just because there’s a strong community heavily shilling this project in the social media.
In the past, Exchange like Binance, Okx, Kucoin and many more doesn’t list this kind of tokens that doesn’t have real utility but right now exchange is all about pure money listing worthless tokens with hype then delist it later on.
This is the reason why lots of meme coin pump hard.
With a large increase in market cap for a shitcoin, there will definitely be a large decline as well, especially since the project of the coin has no clear utility in the future, so this will certainly have a negative impact. This will certainly have a negative impact. For this PNUT hype, i am sure it will experience a huge correction, sooner or later. Because we know that some time ago, there were so many shitcoins, and all of them had experienced a decline after a significant increase. Now, because of the increasing number of shitcoins, there will definitely be a moneyspread, where people will look for new hype from new tokens, so this will have a significant impact.
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
PNUT is not a Long term project and it's likely an over hyped one and lot of investors do loves such project for easy gain and possibly x10 in return. Watch carefully or study the project carefully you would see that after this bull run next year then comes bear run you would hardly see this project continue soaring as it is now because, investors might have succeeded gaining the profits they desired to make through the coin therefore, they would focused their interest in some other newly birth projects for another advantage of project making. For investment, this project is good for short term investment rather than longer term. Jump to: