Topic: Trends like PNUT will eventually die (Read 383 times)

Even if one or two memecoins make it big, it is still a waste of money because:

1) First, if we see the overall proportion, out of thousands of memecoins launched, only 1-2 make it big. It means that others were just scams to fool people and extract as much money from people as possible.

2) Even if we take into account the memecoin like PNUT, their final fate is dropping to zero only because the hype gets over in some days. This means that 100% the memecoins become useless after some time. Why bother investing in these  stupid coins then ?

On the moment that the price do make out some nasty correction then there's only two possible things that could happen on which whether the price would really be able to recover or would really be totally die after that and just like on what i have said that on the moment that the community will be leaving out and already take their profits or simply the hype is gone then expect that only a few will really be able to survive and majority of it will really die and their devs would really be creating a new one with having that new name. If it do able to hit up some hype then it will continue to live but if not then it do die and wither away and thats how these meme coin lives out their lives when it comes into this market. You cant be able to stop the community after they have secured their profits on which this is the usual case.

Its never been easy to predict whether it will really be having that recovery or not on which you cant be able to stop people to think on investing into the new hype coins or narratives in the market on which this is most likely that will really be making out its pump. For us people or investors who doesnt really want to miss out that opportunity then we do keep on throwing up some money into these memes until we do hit up on the right spot, but of course you should really be that investing into the amount on which you can afford to lose and never ever take to have that kind of all in kind of behavior.

To be more precise, memecoins are like gambling, because 99% of memecoins that appear every day are just Rug pull that will be lost and worthless,
just taking investors' money very easily.

Now, the memecoin hype is indeed a big concern, because some memecoins like $PNUT $ACT can be listed on Binance and even surprise everyone.

Indeed, this kind of trend will not last long and will soon fade, moreover, it is just a memecoin without any utility and does not necessarily have a strong community like other memecoins that are trying hard to keep growing.

Now it is only necessary to take profits and if you want to hold some until the trend finally completely fades, it becomes everyone's choice.
It will only see where the trend will end, but with the profits that have already been obtained.

Just that, Many altcoins investors are finding it hard to accept the obvious truth about altcoins being just gamble, and to say a wave like memecions in which category PNUT coin belongs, just as the memecions hype is still very high, same way coins like this will follow the trends and end in the same manner, so for that we have to make up our minds as to what we can do to improve our general total well being as investors, since we are well aware of the nature of hype period like this it doesn't last long and any coin develop along with it also fade off with time.

Yeah true, a lot of people try that "I will just throw in a small amount" type of method and most of them end up with basically nothing, and I mean like most of them, like 90%+ of them get nothing in return .This is why I think we should not be considering what to get, we should focus on what we have and that would make things a lot better.

I can see how this is a good period for most people, we are ending with a good return with what we have and that is why we should invest into things that are high enough. If you invest into these type of memes and throw some money in, then the 90%+ chance is that you will get nothing in return, and even lower chance that you will get a profit, and that's why we shouldn't really get anything.

yeah this usually the case for most of alts, but I don't know about meme, seems like they just become bearish and lose 50% of value at the lowest and then start picking up again in the next bullish cycle.

some meme coin definitely defy this rules this bullrun around, some even got revived from death like STNK.

basically meme coin might not seem sustaining, but it's actually quite resilient, if you compare it to some old altcoin with supposedly strong fundamental, it feels like currently meme coin outperforming those coin.

For most yeah but for some or a few, no. And that is why we suddenly see someone crying about their losses there. That should teach them a lesson and it is up to them if they will try again but be more wiser this time or they will not invest on those anymore. This is like a gambling and in gambling, the casino will let us taste a victory for a while, so that we will keep on coming back for more or will now put a bigger capital but this time they will now pull the rug. So 100 dollars or amounts they firstly allocated in the shitcoins, is not going to be their max loss.

Meme coin is a kind of tool to make money. It' impossible to think people would follow your philo to stay away from money generator. I'm not saying you're wrong, but this is how crypto works. People in here are competing for the money, no more.

The answer is simple, and still related to the my answer for your previous question. People are massively buying meme token with the hope they can double instantly. This is something you can't do that when you invested even in the solid token.

Let's say you have 1k, then you make it to 1million through meme, what will you do? This is what i called that meme token is pretty much the same as gambling, high-risk high-return. Also, Majority of people have known the consequence when they hold it for long term purpose.

Can you share some recent examples where this happened ?

Because some "investors" are profiting from the trends?

To be honest. Most of the people buy those shitcoins to make quick profits, and then they are out. Very few stay there long term. That's why you see that temporary hype, and then there is also FOMO from people who have no idea on what's going on.

I agree with you but it's worth noting that people said the same thing when 2021 bull run memecoins were pumping. I know not all of them will do well in the long run and not all of the 2021 coins did. For instance, see Safemoon that went up so much and was highly talked about is no where to be found but Shiba inu is. That is the reality. I don't know about PNUT and don't own a single unit of it since the launch so this is only my personal opinion.

This is the bull run, don't underestimate how long things can keep going up for.

Those in trenches, some of them do have good investment choices, while most don't, as they will be looking for good opportunities to get themselves out from that level, which is why they will go for it, not minding the risk involved or considering the fact that the token in question has already been pumped to a certain level, which their entry time might be dump time, which they will be stuck in between, providing liquidity for those selling off.

even though there seems to be a recovery in PNUT for now, but it is difficult to say from the increase and growth in prices, indicating that the market will trigger a movement and will continue to survive until now, indeed many things can happen to all of that as time goes by including building investor confidence and that is difficult to achieve in that direction.

We can actually say that almost 95% will really be dying and wither away specially when the hype is gone and the community already left out and thats how it goes or the cycle with these meme's. On the moment that they do get listed on high tier exchange then there's no other place to go when it comes to further hype and interest of the masses or the community. We cant be able to sustain it out not unless if the dev will really be trying out to retain and that active when it comes to development from meme into something which does have utility just like with those known meme coins in the market as of today that they had able to last out for a couple of years and didnt actually ending up on grave but usually these kind of tokens do really end up on dumpster once the community will really be losing up its interest.

No one really knows of PNUT would really be able to survive that long specially that we do have that so called naratives on which if a certain narative trend expires or been forgotten or being covered up with the new one,then expect that the recent popular meme coin based up on that previous narative will really be gone in terms of community support and investors but well just like been said that there are other factors which needs up to consider out too. You cant be able to tell on how long it will really be able to sustain.

Obviously. This isn't even a question, of course they will go down and of course they won't do that well, we are not going to see it change at all, it can't ever be good. These are just pumps, and that's about it. Some animal died, and it was made to be political, and somehow that can sustain for a long period of time? Of course not, even the people who invested into it know that it is going to go down, they are only investing for a brief time, but they get out quickly after a while.

There are plenty of pump and dump memecoins out there based on whatever can be memed, and this time it was Pnut, next time it could be something else, these are all pump and dump memes that devs take advantage of, and I believe it's something we should stay away from.

Before Exchange like Binance doesn't list such token in their exchange but i have began to understand that since the resign of CZ a lot has been happening and lot of changes has been implemented just to make sure the exchange is making huge profits from the market, and like you said whenever the trading volume is not met they delist the token straight and most times investors aren't aware of the delisting. Most of them would hold thinking is a long term project but when they would have to check their wallet and noticed that the token is no longer trading then it would occured to them they have invested in worthless project.

For the long term result, it is obvious where tokens like PNUT will go, isn't it? There was nothing to strengthen its ground, it just comes to the agenda and then is forgotten.
When people start to forget, interest decreases, prices are suppressed, sales start and it becomes impossible for it to return to its old price, there are many similar tokens.
I am not expressing what I wrote only for PNUT.

So far they are doing well in the market, but for how long? this is the same meme that was out as the one that can challenge Bitcoin, but the community considers this meme as another meme that eventually gets weak support after a new meme comes along, and its only a matter of time. Good for those who get in early, but for those who are in FOMO they are going to bear the losses that will incur.

At least the ones you mentioned are big enough to not die in a second or two.
Those new ones are being created each day, on the other hand - they are cars without brakes.

They win in the short term but lose in the long term.
Nothing can't be done with the fact - the memes are engraved in the space and it's okay, because no one enforces OP or you or me to buy them, even if that would be the meta currently.

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.

because it does not bring anything new to the table

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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  ?