Topic: What are Meme Coins? - page 2. (Read 535 times)
Meme coins are a type of cryptocurrency that are inspired by memes and internet jokes. They are designed like any other cryptocurrency, but their existence tends to be centered around a viral moment or funny idea, and their value depends largely on how much support they receive from online communities3. Examples of meme coins include Dogecoin and Shiba Inu1. While meme coins may be fun, they are also highly speculative and risky investments, and may hold little or no intrinsic value. It is possible to make or lose a large amount of money quickly when trading meme coins and other virtual currencies.
I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community
It is everyone's choice whether to participate in the hype around meme coins or not. From my experience, I can say that I was lucky enough to buy Doge several times in a timely manner before Elon Musk wrote a post mentioning this coin, as a result of which I got a good profit.
There is nothing worse than buying memcoins on an unknown exchange. The risk of buying meme-coins is already high, and then some unknown exchange recommends to buy these very high-risk coins from them. Meme Coins are HYIP, pure and simple. I would not recommend to anyone to buy new memcoins, especially those which are listed only on decentralized and low liquidity exchanges, because they are more vulnerable to scam than others. DYOR.
Most of these coins never make it out of the exchange that they are initially listed at, whether it's a decentralized exchange or a new or not-so-famous centralized exchange which only a few thousand people use that has very low liquidity for every other coin or token except for the ones which are initially listed at their exchange.The ones that get hyped too much, like Shiba, Doge, and a few more actually made it to every big exchange over time, not because they are good tokens/coins, but because they have a community that believes they will magically grow very high someday.
Right, because many such meme coins have limited budgets and are created by ordinary crypto users in the hope of making money from this hype. And I noticed that as soon as a new hype meme token appears, a bunch of clones appear on decentralized exchanges, which usually only grow for a few days, and then their graph just looks like a straight line at the bottom. These coins are disposable, so to speak.
There is nothing worse than buying memcoins on an unknown exchange. The risk of buying meme-coins is already high, and then some unknown exchange recommends to buy these very high-risk coins from them. Meme Coins are HYIP, pure and simple. I would not recommend to anyone to buy new memcoins, especially those which are listed only on decentralized and low liquidity exchanges, because they are more vulnerable to scam than others. DYOR.
Most of these coins never make it out of the exchange that they are initially listed at, whether it's a decentralized exchange or a new or not-so-famous centralized exchange which only a few thousand people use that has very low liquidity for every other coin or token except for the ones which are initially listed at their exchange.The ones that get hyped too much, like Shiba, Doge, and a few more actually made it to every big exchange over time, not because they are good tokens/coins, but because they have a community that believes they will magically grow very high someday.
I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community
It is everyone's choice whether to participate in the hype around meme coins or not. From my experience, I can say that I was lucky enough to buy Doge several times in a timely manner before Elon Musk wrote a post mentioning this coin, as a result of which I got a good profit.
meme coin in general are just gambling in disguise, it's just full of manipulation, even the recent arb doge are just manipulation.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.
Mo doubt that meme coins are high risk token and without research your money can be go down to many x or zero if it rugpull. These meme coins are also an opportunity to make a high return if you choose right project. The question is how we will find good and bad project.
If any meme coins launched on new chain with more than 20% Airdrop and they locked liquidity more than two year with listing partnership with Cex also and also have big community from start then it's not bad to invest small. recently we saw AIDoge increases so much and many risk taker made 60x in one day.
If any meme coin project using name of big project and have no locked liquidity and also no listing partnership with Cex then stay away from these projects because they can remove liquidity any time.
On the other hand, memecoins can also present opportunities for short-term gains. With a solid understanding of technical analysis and, in some cases, access to insider information, traders can potentially profit significantly from short-term price movements
TA will not work on meme coin. it's pure gambling. You will able to get profit once you were jaoining early but you will earn nothing if you are joining too late. It's also having big chance to be rug pulled by scammer. There are so many scammers are making shit coin right now. Only fewer shitcoins are legit. The rest was just scam coins that already made by scammers. This is must become the main concern by anyone. 
meme coin in general are just gambling in disguise, it's just full of manipulation, even the recent arb doge are just manipulation.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.
His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn
Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens. I agree with your opinion, as I said, memes are still memes, without influential people they are nothing.
On the other hand, memecoins can also present opportunities for short-term gains. With a solid understanding of technical analysis and, in some cases, access to insider information, traders can potentially profit significantly from short-term price movements.
His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn
Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens. I agree with your opinion, as I said, memes are still memes, without influential people they are nothing.
His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn
Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens.
you really didn't mention wow huh
His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn
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LMAO HAHAHA. True it becomes annoying as fuck.There were breeds, just like the OP listed, of meme coins in the market and I am quite annoyed that these coins still exists to this day, but I guess there are just some investors that are really into memes. I just recall a meme like PEPE that also had a coin and I believe that's like just a Twitch chat thing and just really an old meme also. Knowing that it has its own crypto coin just makes me wonder on why do these coins continue to exist.
meme coin is a type of cryptocurrency that is based on popular memes on the internet meme coin has a relatively small capitalization compared to other cryptos, but keep in mind cryptocurrency has speculative properties, especially memecoin, so before investing in memecoin it would be nice to do research first or invest in it on a small scale first so you don't lose a lot of your money according to my experience using memecoin in its own time so stay safe in making decisions before investing in memecoin
I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community
it's basically glorified zero sum game where you gonna make profit out of other loss, meaning it's just like gambling but you can always have the advantage over the fact that you're among the early birds. so basically it's also game of positioning, that's why investing in meme coin when it's already become hot is simply means you're gonna lose some of your money.
My opinion is Meme coins are crypto assets inspired by memes and other viral online images. Although they operate similarly to other cryptocurrencies, they often exist solely to capitalize on momentum and have no clear purpose, their prices tend to be volatile and their success is often determined by the virality and support of the online community.
To sum it up, you will eventually lose money investing in these memes, it all started with Elon, Dogecoin is nothing without Elon, and since he still supporting Dogecoin until this time, developers create hype on meme coins we are now in the meme coin period and these will stay as long as Elon support the very first meme.
I don't see the meme period being permanent, there will be a point where Elon will discard Dogecoin and it will eventually collapse the meme coins, just like all the hype coins in the past.
Hype coins are not permanent, because they are not bringing usage and innovation to the industry, and any coin that is without these two is bound to become a dead coin.
They are quick profit making coins if you can because they have no potential to be termed as long term holding coins.We can take idea from their name only that what meme coins can really offer to us? They are just made up as a joke with huge supply and when they get in hype you can get short term profits but many holders loose money from it and whales are the one getting real benefits out of these memecoins.
Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed
There’s a big risk dealing with the meme tokens, and I don’t suggest this if you are still not familiar with the market because anything can happen here, worst case scenario is to lose everything. Well, we have to be more careful when it comes to investing, memecoin is not safe at all and you have to remember as well that not all is worth to buy, most of them are just a scam token. memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed
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