What are Meme Coins? - page 3. | Bitcointalksearch.org

abralzain17

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Quote from: Johnyz on April 18, 2023, 04:23:42 PM

Quote from: abralzain17 on April 18, 2023, 02:31:24 PM

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.

when talking about risk, I think that not only in meme coins there is a significant risk, in altcoins there is also a risk if we are not careful in investing the assets that we have.
but because we know there is a risk in memecoin, it is better if before investing there we should be able to see opportunities for which memecoin to invest. I think when we can read the opportunity then maybe the risk is only a little

albon

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Quote from: abralzain17 on April 18, 2023, 02:31:24 PM

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

Although there are large losses if the trader does not choose the correct time to enter and exit the meme coin deal, the gains are also huge in a way you cannot imagine. For example, as happened to the airdrop that some participants get from the $AIDOGE currency as they managed to turn $10 into more than a hundred dollars; this happened after the ArbDoge AI team distributed the airdrop and listed it in the exchanges such as MEXC and after the currency was deleted more than zero from its price. I am not interested in meme coins because they have no actual use, and their price can collapse in less than 24 hours, but really meme coins can create a lot of millionaires if the trader has a great experience.

Johnyz

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Quote from: abralzain17 on April 18, 2023, 02:31:24 PM

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.

coin-investor

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Quote from: DeathAngel on April 15, 2023, 01:34:22 PM

I don’t think any of them have a real future as a means of payment in mainstream finance. I do think that you can make quick money on them & get out ASAP into safer, more reliable investments though & that’s the aim for most meme coin investors.

Do your own research but there are opportunities out there to do very well in these projects. Just don’t hold them long term.

Dogecoin was just sitting there in the market waiting for a miracle to happen and its supporters are almost giving up because Doge is not really the kind of coin that can create an impact in the market, people are holding Doge back then for the memory.
Then a miracle happens Elon Musk the richest man on Earth suddenly shills Dogecoin and the rest is history, Dogecoin's position very much depends on Elon Musk's support, once he takes away that support everything on Dogecoin will end and I don't think we should add more meme coins in the market, it's a big joke if we have too many meme coins in the market when they are not bringing anything.

carrie_white

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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.

abralzain17

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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

Xal0lex

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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.

Hispo

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Am I the only one who finds it to be so ironic that in that picture they decided to include Terra (Luna) as part of their samples of meme coins?
Because, not long ago people had that coin in their minds as the ongoing revolution for stable coins and how it could even outmatch others like DAI, very serious business. Some months later, all is left is broken dreams, CEO under arrest, and three useless shitcoins: Terra classic, Luna classic and the fork. Roll Eyes

Yatsan

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Quote from: SirLancelot on April 17, 2023, 11:23:01 AM

Quote from: KingsDen on April 16, 2023, 08:42:10 AM

Quote from: crwth on April 15, 2023, 01:41:08 PM

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

It's the first time I read of FMCpay. Any reviews anyone?

Even as the name implies, as Meme coin. It is not what someone will invest huge money and expect profits. It is a coin for opportunists and risk takers and what characteristics of this coin is that its success largely depends in the community's ability to hype the project.
Another thing about meme coins is their ability to be easily manipulated. For instance, dodge is at the mercy of Elon Musk and twitter. I don't actually know the hype that drives Shiba and how it will be able to redeem it from the button of the bear.

In the early days of the meme coins, people are overwhelmed about their potential that they are risking a huge amount of money because they think its a short cut to becoming a billionaire or trillionaire. Some got lucky but later on, almost all meme coins are not pumping anymore.

As of now there are only two meme coins left who are alive and that is none other than Doge coin and Shiba Inu but they are rarely pumping as well so I don't think people are still attracted on them. As of now, the hype is on Arbitrum, Optimism, Space Id, and Zksync who also did an airdrop. They are not meme coins so they are a better investment for the long term.

DOGE and Shib quite showed an increase lately probably because of altcoin season assumption. Many people in this industry believes that altcoin season has already started; Bitcoin dominance ease down as well as with other major tokens such as ethereum and XRP while smaller ones like MRK are the ones showing green marks in the market. But going back, memecoins are solely dependent with the token's popularity in this industry. There are no utility for this concept but what makes it still good is that impression on it has long term effect. Proof? Check how many people are still hoping for a $1 coin from such market prices. And this could be enough to make a coin alive for the investors.

kaseygriffin

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Like many other things i observe, the problem of exaggerating trends happens over and over again, sometimes people keep talking about the potential based solely on community pump dump, which makes me feels very funny, but the reality is that there are still many successful projects on a small or large scale in such a way.
Responding or aiding an environment can be said to be very risky because I think it is also recognized here, where some exchanges just want to earn users and fees. That's the simplest reason why I look at the quality products that stick together, and the bad ones that find their way together.

SirLancelot

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Quote from: KingsDen on April 16, 2023, 08:42:10 AM

Quote from: crwth on April 15, 2023, 01:41:08 PM

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

It's the first time I read of FMCpay. Any reviews anyone?

Even as the name implies, as Meme coin. It is not what someone will invest huge money and expect profits. It is a coin for opportunists and risk takers and what characteristics of this coin is that its success largely depends in the community's ability to hype the project.
Another thing about meme coins is their ability to be easily manipulated. For instance, dodge is at the mercy of Elon Musk and twitter. I don't actually know the hype that drives Shiba and how it will be able to redeem it from the button of the bear.

In the early days of the meme coins, people are overwhelmed about their potential that they are risking a huge amount of money because they think its a short cut to becoming a billionaire or trillionaire. Some got lucky but later on, almost all meme coins are not pumping anymore.

As of now there are only two meme coins left who are alive and that is none other than Doge coin and Shiba Inu but they are rarely pumping as well so I don't think people are still attracted on them. As of now, the hype is on Arbitrum, Optimism, Space Id, and Zksync who also did an airdrop. They are not meme coins so they are a better investment for the long term.

BIT-BENDER

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To be very honest many of this history already on this write up about memecoin aren’t Necessary, I don’t want to be a bearer of bad news but the obvious truth is that memecoin won’t get to the status is has once had.

We can all say the Elon musk effect that had Dogecoin hitting all time high after all time high may not be there anymore to keep the memecoin industry relevant infact I believe that the artificial intelligence invasion into crypto-currency space would be more bigger than NFT, memecoins.

jossiel

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Quote from: crwth on April 15, 2023, 10:38:52 PM

Quote from: jossiel on April 15, 2023, 05:01:22 PM

Quote from: crwth on April 15, 2023, 01:41:08 PM

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

Most newbies that I've encountered not just in the forum but also IRL have been welcomed to meme coins, that's a far introduction for them and it's true that investing in meme coins is riskier these days because pump there is done.

That's probably the most interesting thing that they have seen aside from Bitcoin. I believe there are some pushbacks to what crypto currency is especially BTC and that might have become a kind of resort to meme coins because it is easy to relate to or something.

It's because they've been told that it's the type of crypto that has gained the most and all they hear is Elon, doge, shiba and meme coins. That's why they get to have the idea that the market isn't really all about bitcoin but most to meme coins.

Quote from: crwth on April 15, 2023, 10:38:52 PM

Quote from: jossiel on April 15, 2023, 05:01:22 PM

Quote from: crwth on April 15, 2023, 01:41:08 PM

It's the first time I read of FMCpay. Any reviews anyone?

I haven't seen someone review them but every time they create some topics like this, they always get to have that introduction being inserted in the discussion.

Now that I have looked into the profile, I understand now. It's an advertisement. I hope someone, who tried it, would give an honest review or something.

Yes, that's it!

An advertisement on their end while making some active discussions which isn't a new strategy that we've seen here.

KingsDen

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Quote from: crwth on April 15, 2023, 01:41:08 PM

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

It's the first time I read of FMCpay. Any reviews anyone?

Even as the name implies, as Meme coin. It is not what someone will invest huge money and expect profits. It is a coin for opportunists and risk takers and what characteristics of this coin is that its success largely depends in the community's ability to hype the project.
Another thing about meme coins is their ability to be easily manipulated. For instance, dodge is at the mercy of Elon Musk and twitter. I don't actually know the hype that drives Shiba and how it will be able to redeem it from the button of the bear.

LogitechMouse

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Quote from: DeathAngel on April 15, 2023, 01:34:22 PM

I don’t think any of them have a real future as a means of payment in mainstream finance. I do think that you can make quick money on them & get out ASAP into safer, more reliable investments though & that’s the aim for most meme coin investors.

Do your own research but there are opportunities out there to do very well in these projects. Just don’t hold them long term.

DOGE might have because it's the most famous meme coin, and it has been accepted in most if not all of the centralized exchanges out there.

I feel regret that I invested into SAFEMOON back when meme coins are a hype. If only I just invested into DOGE at that time... but shit happens I guess, and I know that there are some here who also lost in investing into meme coins. TBH, if I will look at the best meme coins that's worthy of investing, I only see DOGE, but even that coin isn't a good long term hold for me, but it's a good short to mid term hold I guess. Cheesy

All of the other meme coins are considered shitcoins for me - including SHIB.

Like you said, always do your own research, and you will see that there are better coins worthy of investing your money than these meme coins. For the OP, we know that this is another form of advertising your exchange, and there's no problem with it. Can I ask if you can share how many users are using your exchange on a monthly basis?

mich

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Well when it was only Doge meme coin I thought it was a nice idea. But now there is so many meme coins I think it is only becoming more of pump and dump and a joke.
There is no use for them really. The only meme coins I own in my portfolio are the original one Doge and Safemoon Inu. My portfolio is suffering big losses from me hodling these coins but I still will not sell them until they all recover.

adaseb

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Back when doge was pumping you could of made good money with meme coins. Especially Shiba. However keep in mind, these are meme coins and all except perhaps doge most will head towards zero since most don’t have utility. You just need to get in while The hype is still there and get out when it runs out of steam.

Don’t hold these long term because they will eventually go to zero. They aren’t a long term investment like ETH or BTC. Too many end up bag holding for this reason.

Silberman

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Quote from: DeathAngel on April 15, 2023, 01:34:22 PM

I don’t think any of them have a real future as a means of payment in mainstream finance. I do think that you can make quick money on them & get out ASAP into safer, more reliable investments though & that’s the aim for most meme coin investors.

Do your own research but there are opportunities out there to do very well in these projects. Just don’t hold them long term.

It is true that money can be made with meme coins but at the same time it is a very unreliable way to do it, so anyone thinking about investing in those coins to try to earn money will have to heavily depend on their luck in order to do so, and while for many newbies out there such a thing may seem like an attractive proposal, for those which actually know how to invest and trade the markets this seems like a terrible idea, which is why they have so much much disdain for meme coins and other similar projects.

crwth

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Quote from: jossiel on April 15, 2023, 05:01:22 PM

Quote from: crwth on April 15, 2023, 01:41:08 PM

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

Most newbies that I've encountered not just in the forum but also IRL have been welcomed to meme coins, that's a far introduction for them and it's true that investing in meme coins is riskier these days because pump there is done.

That's probably the most interesting thing that they have seen aside from Bitcoin. I believe there are some pushbacks to what crypto currency is especially BTC and that might have become a kind of resort to meme coins because it is easy to relate to or something.

Quote from: jossiel on April 15, 2023, 05:01:22 PM

Quote from: crwth on April 15, 2023, 01:41:08 PM

It's the first time I read of FMCpay. Any reviews anyone?

I haven't seen someone review them but every time they create some topics like this, they always get to have that introduction being inserted in the discussion.

Now that I have looked into the profile, I understand now. It's an advertisement. I hope someone, who tried it, would give an honest review or something.

Kavelj22

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Meme currencies cannot be defined without downloading them in their historical context, that is, in the context of events. The crypto field, like other sectors, gets waves in which investment aspirations turn to new opportunities. The ICO projects bubble in 2017 was one of the most important of these waves, which extended over a period of time until its market stabilized. And although the meme coins projects started in an early period (2014), the wave did not start until recently, as many other projects appeared, mainly led by Dodge.

Topic: What are Meme Coins? - page 3. (Read 556 times)