Topic: Why we need to buy meme coin? - page 7. (Read 2735 times)

But, one can't waste their money based on the thought that a certain meme coin might manage to gain some value after their investment while they know they can easily lose their money if the coin doesn't manage to do that. So I don't think it's worth it, you better invest your money in a cryptocurrency that has actual potential, is backed by a good project, and a good team is managing it, so that you can get some profit in the future.

People who invest money in meme coins do it out of greed because they have seen some of these coins gain huge value in a short period and even generate millions of dollars in profit for their early investors, so everyone wants to have that happen to them as well but it's not possible.

I think the main reason people still buy meme coins is because meme coins still provide big profits. The price is cheap, and the potential increase can double in a short time, this makes many people buy meme coins, even when the meme coins do not offer significant benefits. However, meme coins are the riskiest coins, but the higher the risk, the greater the potential for profit. Many people use money they could lose in meme coins. So, when they get a loss, they won't think too much about it.

in other words, memecoin is a gambling coin. is it like that? because the increase was very drastic because of mere hype without any clear fundamentals. If that's the case, it means that memecoin will not develop any better in the future. It's just a bet between making a lot of profit or losing

I believe they know that meme coins are pump and dump but they still insist to buy it. I have done that before but i only invested in it because i hard $100 that i was willing to spare to take any risk. I would let it go if i loss. Funny enough the coin pumped and i made $400 out of it. What am saying is that so many persons have there reason to invest in meme coin. Like having so many coins in their portfolio they would just choose to invest in one or two meme coin. Expecting 10000x to happen or the least 1000x.

There are reasons for everything. Sometime we just can't find potentials out of things but yet there could be potentials.
Meme Coins could be one of the funny Coins that may not be value at a point but potentialed to evaluate profits at any time. Could be be sadden and also exciting. This I just amount mimicking from the other cryptocurrencies with the obvious potentials

at least you admit that reality about why and how those who trust Meme coins about their money.

but also that is the dream of every crypto users(at least those stupid greed) to become millionaire overnight.

risk taker wants that, they wanted to risk money to earn more than how much they wanted to earn(and they must accept the result)

Not for fun since actually there's huge chance for this investors to lose their money on meme coin. Maybe people just take their chance for possible to get a profit for this type of token while the hype is on. They see how big the profits generated for other meme coins that's why they choose to gamble but for sure they are not thinking about having fun with their money used to invest on this tokens. If someone telling that they are for that reasons especially when they lose then I guess that is just their defense mechanism to escape the sadness brought up by their risky decision made for investing on those scam tokens.

Investing on meme token is high gamble game since those people is looking forward to get a profit and they are just been hype up with the idea that they can get easy money for it especially if they can spot those meme coin that can pump x100 up to x1000.

I think investors who put their hopes into memecoin are actually just having fun. If their investment is right, they will make a big profit, if not, maybe it won't be a big problem for them, because basically investing in memes is just for fun.

i think who's buy meme coin they of course know that how meme coin is risky investment, they invest some money to quick rich but it's very difficult and i see only a few coins given highest profits such as shiba,pepe, floki. meme coins isn't long term investment, because it increase for one time then it will dead.

Taking risk with meme coin by using little sum is good idea and sometimes we make huge profit by using this little sum. There are two main mistakes due to which people often loss their huge money due to investment in meme coin.
 
One is that they wait more for further increase but further increase is not possible all the time and their second mistake is that if once they win through little sum then they increase their invested amount. I think we should not be greedy in case of meme coins as they are not like what other says and if others have attained benefit from them then it does not means that you will be benefited too because   they are not secure.

uhhm, I don't think newcomers are the only "main" victims of the memecoin hype, because there are still a lot of investors who are chasing for hype and are FOMOing when something is about to go big in crypto space, including meme coins. There are also those who are being influenced by the hype in the social media. I mean these people already has an experience and being invested with other alts as well, thus they believe a very few newly created memecoin is about to go big like Doge or Shiba, the only problem is choosing the right one amongst the hundreds of newly created memecoin in the market. 99% of the time they will fail or turn out to be scam, so these people are holding onto the 1% chance and they are what we call the "willing victim", a gambler mentality.

Newcomers are lulled by the high hype so they come in and invest their money in memecoins or what can also be called shitcoins. At first, the price looks fine and tends to go up, but when you put in more money the price seems to go down and continues to go down. those who get in early will just sell and sell as new people come in. Of course, this will only benefit those who entered at the beginning or the developers themselves who sold and then left the project.

The kind of hype you gave to meme would only draw newbies attention, because that's the most interesting part they'll love to hear, without knowing the risks involved in meme coin investment. Those who testify of having such profits from meme coin are those who got I to it earlier, it's possible even before the coin gets listed on an exchange. And then they wait patiently for the coin to pass through of the fluctuations and increases, but inside the same market we find bunch of useless meme coin that was hyped to experience a x10 but rather they ended up becoming a shitcoin.

Meme coin is not a tool for investing but a tool for turning dreams into reality in a short time. With only 1$ capital, we can make a profit of $10K. This is what I mean by being able to turn dreams into reality. because I invested in memecoin with only a small capital of $10 to $20. and I'm just a collector of memecoins that I think have potential. I did this because market conditions were fluctuating and I took this risk.

And we can blame big exchanges like Binance and Coinbase for listing worthless "meme" coins on their platforms. The average person will believe such coins are worth it just because they are listed on a big exchange. Do not fall for this trap. Exchanges only list "meme" coins to collect trading fees. It's more profitable for them, but a complete loss for you. Especially when you get in after the hype.

You'd be amazed at what human greed does. Coins without a purpose in life can rise all the way to glory because of this. I'd prefer serious crypto projects with real use cases that are meant to last a lifetime. Why not pick BTC or ETH instead? It's a "free market", so there's nothing we can do to stop the general public from investing in garbage. As long as that doesn't affect the true meaning of crypto/Blockchain tech, there should be nothing to worry about.

    You know, no matter how many meme coins are out in the market or here in the cryptocurrency business industry, no one is dictating to us to buy meme coins. It depends on us whether we believe it because we saw a potential trend or because we were just led by the hype or promises. That depends on each individual who is here in the industry we live in.

    If there are people who buy meme coins, maybe most of the crypto community that we have in this field still believes that they can get rich from meme coins. There is some truth; it's just that it's hard to identify the meme coins that will be like Pepe Coin, Shiba, and others like them.

The main victims of meme coin are newcomers.  Seeing the promotion of meme coin, newbies fall into their trap and face loss by investing huge amount of money.  Which is very sad.  Everyone should be careful before investing in meme coin.  Don't be tempted by the dazzling offers.  Think carefully and then invest.  Newbies should be more careful in these investments.  Because one wrong move can mean losing everything.

ummm! I am not going to say why we need to buy memecoin or not rather than that I can say that if anyone of us wants to invest in memcoin he/she should invest only a small amount of money out of his/her portfolio just to check his/her luck because if that specific/particular memecoin will be going perform very well it should be considered his/her a bit of good luck. Because it is very rare or nearly impossible to have maximum profit from the memcoin. Now some of member may wonder that why I am saying why it is very rare and nearly impossible to have the maximum amount of profit from the memecoin.

The reason behind all that is the token supply in the market which is very big and the market cap of the memcoin which makes it nearly impossible to have the maximum amount of profit from these tokens. If by any chance any person has made a good amount of profit from memecoin it should be considered his/her good luck. I personally have not invested in any of the memcoin. About two to three days ago I read a news about DogeCoin which is also a memecoin Here is the link to the news I read....>>> Ferrari Begins Accepting Dogecoin for Its Luxury Car Payments in the US. This news made me think that I should also invest only a small amount to buy this coin because of the worldwide famous company involvement which started to adopt it. I am not telling anyone to buy it or not please always take action at your own research before taking any action. I just shared the news and showed my words for it. Many Thanks!

I don't think so, maybe there are many people who become rich from investing in meme coins but far more people lose their money from investing in meme coins. I also believe that in the future meme coins will remain as popular or more popular because meme coins are part of crypto and cannot be separated from crypto. However, the risks of investing in meme coins will never decrease forever.

I don't buy meme coins.
because I remember the saying of seniors who have been familiar with the world of altcoins and so on.
so I am quite careful.