why meme coin is crashing | Bitcointalksearch.org

AwoCorporation

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Quote from: lienfaye on June 28, 2021, 02:29:21 AM

Meme coins are pure hype and no use case thus its not surprising to see these tokens crashing not only because we are in bearish market but because investors are panicking to sell even at loss.

But no one is stopping you to invest on your preferred coins, however just dyor and see if this is really worth to invest your hard-earned money.

If you're willing to take risk then go its your decision.

The hype of meme coins will only occur in the blink of an eye, maybe even this can be called a wild coin because when the hype is over, it can just disappear from sight, maybe there are some people who are tempted by the hype and nominal, but the risk is to invest in a The coin meme is too big, and I personally don't have the balls to get into it.

SistaFista

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Quote from: lienfaye on June 28, 2021, 02:29:21 AM

Meme coins are pure hype and no use case thus its not surprising to see these tokens crashing not only because we are in bearish market but because investors are panicking to sell even at loss.

But no one is stopping you to invest on your preferred coins, however just dyor and see if this is really worth to invest your hard-earned money.

If you're willing to take risk then go its your decision.

Yeah, meme coin without real use case is pure hype, but some people use the hype and ride on to get the profit.
I won't take any risk to buy meme coin without other use case, too risky if we just relying on the hype.
Currently, im watching safehaven project because it is not just a meme coin, lets see how the project goes.

ololajulo

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Quote from: bluebit25 on June 26, 2021, 04:08:48 AM

What we see the most for people buying these coins is how profitable it will be. Honestly, things like this will always end badly, in the crypto space there are not many coins that are considered successful in this field, I personally don't take memecoins very seriously. However, the returns from them are very good, but it also comes with risks.

Unfortunately meme coin will survive this cycle maybe not in the in next cycle. When there is a hype about about an idea in the space and many newbie find interest in it, it is likely to ride on the hype and make them money but has you said the crash will be huge and may not last beyond this cycle. Elon musk was also responsible for the doge and that help Shibu. I will am not doing meme coin ATM though I do bounty for it but can't discourage anyone anymore because it has turn me to a liar for those interested that could have made huge profit as well

Looper_U

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It's normal for meme coins to crash even harder than other coins because of their use cases, adoptions aren't really good when it comes to meme coins and those buying aren't ready to hold for long term, they buy to dump when there is a chance, meme coins are pump and dump projects except doge coin and even doge coin is over valued

CryptoWarriorsssss

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Quote from: heroalam on June 27, 2021, 02:48:16 PM

Doge coin and shib seriously? Why you buy this shit at high price just tell me? What is there usecase?

its meme ， for fun

Renampun

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Quote from: CryptoWarriorsssss on June 26, 2021, 02:23:04 AM

...

meme coin will crash due to no real use...

Since the price of Dogecoin went up high because of Elon's tweet, I have never again used Dogecoin to transfer my assets from one exchange to another. sooner or later people will leave the meme coin because they are not interested and used it again.

fielkun

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The answer to your question is pretty much simple: because they hold little to no real-world value at all. They are just a by-product of hype with no significant use cases.

I strongly advice you to conduct extensive research first before venturing into any investments. It is critical to analyze the project's road map and white paper. Educate yourself with its fundamentals and its developer's background. An active and positive community that supports the project is noteworthy too. Numerous altcoins I can recommend which best suit the qualifications above includes ETH, ADA, LTC, BNB, and this promising gem XSN.

laohe628

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You're here to advertise，am i right ,OP? It doesn't look like a good sales pitch,haha.
Not just meme coin, almost every crypto is crashing in the market, due to it's down trend now, take it easy and accept it,buddy, this down trend will last a long time.

lienfaye

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Meme coins are pure hype and no use case thus its not surprising to see these tokens crashing not only because we are in bearish market but because investors are panicking to sell even at loss.

But no one is stopping you to invest on your preferred coins, however just dyor and see if this is really worth to invest your hard-earned money.

If you're willing to take risk then go its your decision.

bitkanu

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Quote from: heroalam on June 27, 2021, 02:48:16 PM

Doge coin and shib seriously? Why you buy this shit at high price just tell me? What is there usecase?

Anyone who bought this coin only try to gain instant profit from the market but i can't deny the fact that some people that used a very small of money was buying these tokens with a very big expectation to see the shiba inu will worth $1 for each token in the future which is impossible to be achieved by that.
there's no usecase and you will never find any usecase on the meme coin. meme coin being created as a joke coin and it's just for fun.
Some greedy people were using it as place to gamble their money.

Kelvinid

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Quote from: Looper_U on June 28, 2021, 01:13:00 AM

It's normal for meme coins to crash even harder than other coins because of their use cases, adoptions aren't really good when it comes to meme coins and those buying aren't ready to hold for long term, they buy to dump when there is a chance, meme coins are pump and dump projects except doge coin and even doge coin is over valued

It is natural to see them crashing and that simply because investors never look into them. If people know that coins are a joke coins, do you think you have the intent to risk your money with them? Not, not for sure, but rather to look at potential altcoins. It is important to know the credibility of the projects we are not only aiming for short-term, but we also considering to might hold it for many years. And the fact that these meme coins are not sustainable ( as expected), therefore, there is no way to choose them.

Fredomago

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Quote from: awik p on June 27, 2021, 11:20:57 PM

Quote from: Xinarae* on June 27, 2021, 11:07:14 PM

Quote from: ?? on ??

If you want to invest in such MEME projects, you must invest in the initial stage. If you invest in the initial stage, you can get benefit from such a project, but if you invest later, you can definitely get stuck in such a project. Then your chances of loss are much higher.

Yes, it is better to invest at an early stage but now the value of currencies has come down a lot according to the market situation. It is very difficult to predict how high the meme coin will be you have to wait until the bull run at the market.

but the problem is we can't figure it out at the beginning, which meme coin will pump. I thought it would just be luck. and when the price has collapsed, of course waiting for the manipulator to raise the price again. therefore I think it's better to invest in safe coins

Better as always, safe coin or those coins inside top projects which already have established community is really way far from investing with Meme coin, project that have potential in the long run always bounce with every fall that's been suffered unlike with Meme which only hoping with influencers and hyper, the risk is really higher both short and long-term.

Buying Meme always go with big possibilities of losing a lot, if you are still interested make sure to work with your knowledge riding with the trend.

kotajikikox

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Quote from: CryptoWarriorsssss on June 26, 2021, 02:23:04 AM

why

does Dogecoin price up again ？ Huh

honestly ， I am sacred to buy any meme coin ，such as SHIB ，Doge Cry

in case to jump to another falling Cry

hunting to newBTC MEME coin is more interesting👍 for joining the BTCairdrops

👍👍 my latest airdrop joined on Inspector is the new meme-Tadpole（TADP）

https://twitter.com/tadpolememe/status/1402554891424342017 Cheesy

Never be afraid of Dogecoin mate because this even called or one of the Meme Coin yet This is one of the most used coins more specially in gambling places where you can have smaller fees and acceptable in many gambling casinos .

But Shiba Inu? lol this shitcoin must be not that respected because of this having no good future.

awik p

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Quote from: Xinarae* on June 27, 2021, 11:07:14 PM

Quote from: ?? on ??

If you want to invest in such MEME projects, you must invest in the initial stage. If you invest in the initial stage, you can get benefit from such a project, but if you invest later, you can definitely get stuck in such a project. Then your chances of loss are much higher.

Yes, it is better to invest at an early stage but now the value of currencies has come down a lot according to the market situation. It is very difficult to predict how high the meme coin will be you have to wait until the bull run at the market.

but the problem is we can't figure it out at the beginning, which meme coin will pump. I thought it would just be luck. and when the price has collapsed, of course waiting for the manipulator to raise the price again. therefore I think it's better to invest in safe coins

Xinarae*

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Quote from: ?? on ??

If you want to invest in such MEME projects, you must invest in the initial stage. If you invest in the initial stage, you can get benefit from such a project, but if you invest later, you can definitely get stuck in such a project. Then your chances of loss are much higher.

Yes, it is better to invest at an early stage but now the value of currencies has come down a lot according to the market situation. It is very difficult to predict how high the meme coin will be you have to wait until the bull run at the market.

m.rifki

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Quote from: mhine07 on June 27, 2021, 07:17:39 PM

Most altcoins in the market are in red color. Specially those meme coins, gaining profits from meme coins is just little, they are just a pump and dump coins, so if you have them sell them immediately in a price you can gain profits its because they came only from airdrops. Most airdrops tokens have no value and no future.

Betting on coin memes is a risky thing, when people just follow the coin meme trend without the skills to read market conditions, it will only result in losses, because coin memes are still wild and very fast changing coins

mhine07

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Quote from: CryptoWarriorsssss on June 26, 2021, 02:23:04 AM

why

does Dogecoin price up again ？ Huh

honestly ， I am sacred to buy any meme coin ，such as SHIB ，Doge Cry

in case to jump to another falling Cry

hunting to newBTC MEME coin is more interesting👍 for joining the BTCairdrops

👍👍 my latest airdrop joined on Inspector is the new meme-Tadpole（TADP）

https://twitter.com/tadpolememe/status/1402554891424342017 Cheesy

Most altcoins in the market are in red color. Specially those meme coins, gaining profits from meme coins is just little, they are just a pump and dump coins, so if you have them sell them immediately in a price you can gain profits its because they came only from airdrops. Most airdrops tokens have no value and no future.

SaShiRaJaVu

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Quote from: Amplify on June 27, 2021, 05:52:41 PM

Well there is a little incentive for us to make sure the meme coins die off though. Until then it is fair game. The average person will follow a lot of social media chatter and believe the best hype. So, if we at least market those things that people are going to spend their coins on, then it will help preserve the memes forever.

This is the way majority of the alts in the market is creating the momentum, shilling with the use of social media and creating the hype and so is the reason majority of the coins gained investors.

Quote from: Amplify on June 27, 2021, 05:52:41 PM

The only exception to this rule is where the coin is genuinely useful or is backed by a real-world currency. So for example, it wouldn't make sense to invest in a cryptocurrency that has a highly speculative blockchain with no intrinsic value whatsoever. If your blockchain is backed by something tangible then you have a chance of making money, but that's not the case with most crypto.

What is a genuinely useful cryptocurrency, the majority of the coins are speculative and there is no intrinsic value unless you could someone attract the investors to invest in them and if you are able to convince others then it will gets its valuation and that is how all the coins in the cryptocurrency market gained their traction.

Rabi3

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Quote from: heroalam on June 27, 2021, 02:48:16 PM

Doge coin and shib seriously? Why you buy this shit at high price just tell me? What is there usecase?

literally nothing, some people promote to coins like this (just like Elon did with DOGE) just to make profit out of it, and people just follow their words like they know everything about crypto, and people try to take advantage of that and buy on high prices hoping that Elon or whoever it was talking about those shitty coins, says something nice about them, but they mostly end up losing, and guess who's wining ?! Elon.

Amplify

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Quote from: QueenVera on June 27, 2021, 03:16:30 PM

Quote from: ?? on ??

If you want to invest in such MEME projects, you must invest in the initial stage. If you invest in the initial stage, you can get benefit from such a project, but if you invest later, you can definitely get stuck in such a project. Then your chances of loss are much higher.

Exactly which is why we're advice to stay away from meme coins as they're just hyped nonsense. They're worthless and only surviving because of some celebrity preying on the gullible nature of the market. We're always wanting a approval from famous Individuals and they're using that privilege to enrich themselves.

If you're not among the very first investors to discover a meme coin, chances are you'll get dumped on. Better look for solid project that can restand the bear market and invest in them.

Well there is a little incentive for us to make sure the meme coins die off though. Until then it is fair game. The average person will follow a lot of social media chatter and believe the best hype. So, if we at least market those things that people are going to spend their coins on, then it will help preserve the memes forever.

The only exception to this rule is where the coin is genuinely useful or is backed by a real-world currency. So for example, it wouldn't make sense to invest in a cryptocurrency that has a highly speculative blockchain with no intrinsic value whatsoever. If your blockchain is backed by something tangible then you have a chance of making money, but that's not the case with most crypto.

Topic: why meme coin is crashing (Read 700 times)