What if meme tokens Never became a thing?

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Quote from: mm2543363580 on November 07, 2021, 05:44:12 PM

It could even be counted. You just need to add up the market capitalization of the tokens or coins you are talking about and check how much this sum would increase the market capitalization of Bitcoin.
I think this amount would be able to raise Bitcoin's price to around $80k or maybe a little higher.

It is indeed still possible to happen to Bitcoin because in this year Bitcoin has been able to be at $65K which is a very extraordinary thing and not so far away from being at $80K although basically it still takes time to process.

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All of money will have divided to the whole of legit crypto that exist in the market. I will not say that all of money will be going to the bitcoin as we have bunch of legit altcoins other than it. Bitcoin will not become the only option to put all of those money. Im sure that people will be diversifying their asset. It doesn't mean such money can bring the price of bitcoin to the 80k instantly. There will be lots of process before bitcoin will be going to that price. Im thinking about the possible scenario to make whole of altcoins and bitcoin massively pumped by people. You can imagine the volume that owned by shit meme tokens will be going to the all of cryptos.
The possible thing to make the price of bitcoin will be worth 70k - 75k rather than goes to the 80k in a short time. Bitcoin needs billion amounts of money to pump it.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

You are saying no other crypto currencies existed other than bitcoin then what the price of bitcoin would be? Then yeah, it would have been higher than it is right now, but then crypto currencies wouldn't be such a big thing like it is right now. It is because of coins like Ethereum and other altcoins that provides various use cases that has bought crypto currencies into light. And the meme coin trend is temporary. Give it few more months and I am sure we won't be seeing them anymore.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

It could even be counted. You just need to add up the market capitalization of the tokens or coins you are talking about and check how much this sum would increase the market capitalization of Bitcoin.
I think this amount would be able to raise Bitcoin's price to around $80k or maybe a little higher.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

Research have shown that people are mainly drawn to memecoins due to fomo and not because of the value they bring in and when this fomo dies down (it always does ~ 99% of the time), money will start flowing back to projects that actually provide a value. When the hype goes away, people can't have any utility with those memecoins. That was what happened with Dogecoin and since then, it's been stagnant. When the market goes bearish, I reckon, they would be the ones to fall the hardest.

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Quote from: mistereverything on November 07, 2021, 05:10:47 PM

all memes crash and eventually the money dives back into btc

Eventually, that will happen. Because these meme tokens have no solid use case in the market. But maybe for doge, if meme hype is over - they will just go back to their old position, as they have been used by many even before this hype happens. Hype will always create interest from the community, and for sure, there will be another one in the coming days. So it depends on the crypto user how he will take advantage when it comes to hype. But as much as possible, it is better to exit the hype while you are still in positive profit, because their lifespan is usually short.

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all memes crash and eventually the money dives back into btc

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

Your topic title is somehow misleading. How did you conclude that meme tokens are something with real value?

Actually, good crypto projects are already few and already well adopted. Investors are looking for new opportunities as there are not so much good ones. Meme coins appear to be another instrument of trading, by which few big whales benefit from the ignorant who think that it's really a valuable opportunity.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

I do think that the crypto space will have a better reputation and likely have a lot more adoption for the actually good projects.

Right now, a lot of newbies are not joining for the technology but rather for the simple fact that they want to make millions overnight on meme tokens or NFTs.

Whilst there is nothing wrong with this, this has detracted from the immediate goal of decentralized cryptocurrencies. Meme tokens and NFTs are heavily centralized and their pricing is extremely dependant on the founder of the project. And this is diverting funding away from the good projects for sure.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

I have seen this mentality lot with bitcoin maximalists saying that if everyone just focused on bitcoin, it would have all the marketcap of those crappy altcoins. But in real world it doesn't work like that. There will be even more saturated market with bad investment calls. Memes are natural part of the adoption. You can't really underestimate how much new generations put money in and that they would invest "seriously".

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

If all projects got the same hype like meme coins do, the whole crypto market would be green and all investors would earn.

If the only option for newbies was Bitcoin, it would be much higher than $80K as demand would be much higher than it is now. On the other hand, meme coins gave a lot of advertisement to crypto as stories of success of investors who made money on meme coins have attracted many newbies.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already?

that means more money will be coming to the crypto market. There are only two popular meme tokens but so many meme tokens are already used by people to gamble their money to speculate whether it will be pumped or not. That's a non sense thing to be dreamed. The fact that people who have been joining in the meme tokens will never stay for long term except such meme token has a big popularity among the crypto users.

Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

You can imagine when all of money on doge and shiba will be going to the bitcoin but that's not the point. Bitcoin has a reason to increase and it's not the same as meme tokens that already increased a lot without being backed by strong fundamental. Take a look at how bad doge coin is coz it doesn't have a use case unlike shiba with its shiba swap. It's possible to see bitcoin will be worth $80k.
You can imagine when all of money in doge coin is used to buy bitcoin from the market. That will decrease the circulation in the market as well. This will give big FOMO.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

there's a always a manipulation remember that, wherein its very impossible to happen that bitcoin will continually breaking all time high value even shib or meme coins didn't exist because investors keeps dumping when the price is too high for them.. Indeed that's the reason why when bitcoin keeps plunging and at the same time some altcoin rising up as well because investors always jumping when there's a new good project to invest and can guarantee huge profits afterwards.. They coming back to bitcoin only when it showing a potential to skyrocketed.

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

or maybe more than 80k , it may round to 100k ?

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Quote from: BitKongy on November 06, 2021, 04:55:04 AM

You are missing a vital point here OP, doge coin is a fork of bitcoin and it's also decentralized, even if Dogecoin never shine this bright it's true that meme coins like shiba may not come alive but other coins will, remember it was all about DeFI projects months back so whatever is happening presently is inevitable

The rise in Dogecoin or Shiba is caused by Elon Musk and is accompanied by the ongoing bullrun trend. Many people don't think a rich man loves Elon Musk's Coin Doge at first, after a tweet from the rich made Coin Doge explode. maybe without Elon Musk's tweet for doge it wouldn't have reached such a high price now what is happening..?

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Quote from: FloridaKid on November 06, 2021, 01:21:12 AM

If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

More than $80k for bitcoin.

You think of how much the market cap of bitcoin if most of the altcoins marketcap goes to bitcoin. Then, we're already celebrating the peak of bitcoin and for sure that there's no separation and division of its market cap if we only have bitcoin and a few as choice.

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Quote from: tranthidung on November 06, 2021, 03:54:11 AM

Will Meme Coins Keep Going to the Moon?

Meme tokens are very risky. You don't invest if you choose meme tokens. You are speculating with them only. Many newbies will laugh at me when they read this post but hey no hurry.

Time goes on and it will test meme tokens and my statement. Newbies must experience a few years in crypto market to understand this lesson.

Although I generally agree with you we should not assume that all memes will be lost or will be dropped down to zero. It's true that investing in them for the long term may be very risky but in the short term (if you are focused, very careful, and not "greedy") you can earn a lot. Let's not forget DOGE, which was the first "meme" coin. I'm sure that more than a lot of people here curse their choice to dump it early or never bother to trade/ buy it.

@OP: BTC will always be a story on its own and no other currency can compare with it. If an investor wants to invest in BTC, he will do it no matter how many coins exist. Especially now that its price is "high" thus expensive. Most of them though want to earn big and for that reason invest in new or cheap or hype/ trend coins which involves high risk, since they don't know if this coin will "stay alive" or it will vanish and in many cases be proven a scam.

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You are missing a vital point here OP, doge coin is a fork of bitcoin and it's also decentralized, even if Dogecoin never shine this bright it's true that meme coins like shiba may not come alive but other coins will, remember it was all about DeFI projects months back so whatever is happening presently is inevitable

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Let's take Dogecoin as an example here, which Dogecoin is forked from Bitcoin and it is indeed created as just a meme coin.
So for me, this is the power of cryptocurrency, there are still people using it, it still got value. Some people are still buying it, power of decentralization even it is just a "meme".

About meme tokens not existing and it could be only on Bitcoin, I don't think so, still the people and market will decide for it.

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Will Meme Coins Keep Going to the Moon?

Meme tokens are very risky. You don't invest if you choose meme tokens. You are speculating with them only. Many newbies will laugh at me when they read this post but hey no hurry.

Time goes on and it will test meme tokens and my statement. Newbies must experience a few years in crypto market to understand this lesson.

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OP, your poser is a game of "what ifs". Well, let me remind you that nothing exists in isolation. Something must trigger something. Based on that awareness, there's no way Bitcoin would've been the only existing crypto in a world of diversity from its creation till date. In 2017 when I came into this industry, there were roughly 750 cryptos listed on the coinmarketapp. But today there are 13,673 as I make this post. I'm sure more will be listed before the end of today. What is driving Bitcoin price is the awareness and usage, not the supposed competition from alts. Bitcoin is on a class of its own. There's a reason it's not called an alt like others. On the Shiba issue; it's the surge in price of Dogecoin that gave birth to Shiba and the rest of the memecoins. If Doge had remained stagnated like it did over the years, memecoins wouldn't have been the trend today. BTW, it's not only memecoins that are dragging the entire crypto space. We still have NFTs and DeFis trending too.

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If every good crypto projects are been adopted like how people are adopting meme tokens today what do you think would have happened to crypto market already? If shiba never existed and doge never surge as much as it did and the only option for new investors is BTC and others would this have bring BTC to 80k already ?

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