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Topic: Will BTC fall below $30,000? The high-yield risk opportunities are in MEME? - page 3. (Read 906 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
From my opinion, meme coins will go down a lot when BTC dives to $30k, because we can see when BTC goes down, other coins are also following it not to mention meme coins, but with this decline, for people who have thought and research on the potential of meme coins will definitely take advantage of this kind of momentum but I myself do not dare to take the gamble to invest in meme coin.
Most meme coins will go down the moment they enter the market, dogecoin has survived not only because it is a meme coin but also because despite its status as a meme coin it is kind of useful, when people want to pay very low fees they use dogecoin instead of bitcoin to gamble or pay for other services, those coins are not going to be able to do the same thing as that part of the market is already cornered by dogecoin, so it is my opinion that most people are just wasting their time with those kind of coins.
hero member
Activity: 3178
Merit: 661
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Meme coins are other star kids in the crypto market because there can give 100× profits within a twinkle of an eye this is so because of their relatively low price that allows the buyer to acquire a large amount with small capital, but Bitcoin already has a relatively stable price that is almost impossible to buy large amount because of its high price this makes it difficult for investors to make a good turnover within a short time.
Meme coins have been making good positions in the market because of the profits  that are waiting for those investors who were trapped with these temporary profits brought by meme coins. And meme coins have gained even more investors when Elon started its tweet about dogecoin and after that, its price starts surging.

But even how high its price will settle, no one can take the position of bitcoin. Its current price is at $38k and when it breaks its resistance at $40k, rebound might have all the chances to happen.
legendary
Activity: 1974
Merit: 2124
I am now neutral on whether the bull market is still in place.

If the market changes to a big bull market, does it mean that meme coin has better returns?

After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?

I think that you are right that there is not enough room anymore for BTC to do a x20 or a x100 from the current price level and you are also right that meme-coins had far greater losses over the last few weeks than Bitcoin. Does that mean though, that Meme-coins will rise faster and stronger than BTC once we are back in a bull market? I am pretty sure that this will not be the case. I would even say most of the meme-coins will never rise again and will be dead within the next few months. Yes Dogecoin will surely survive and maybe will also rise in the future and maybe also one or two of the second generation meme-coins like Shiba or safemoon but i doubt that they will reach their ATH again and all those other hundreds of meme-coins that came out in the last few weeks will surely die.
The investors would never turn to the most of shitcoins that have been messing up the whole crypto market and they will surely have no future bull run ahead because of no utility and without adoption you can't use them and they will serve no purpose so they will be dead and out of the market soon but if you say Doge then it stand a little high to all of them due to Coinbase listing and acceptance by some business chains but not for long as DogeFather cannot impact it for long as no major development is on the way and it will be pushed out after some time and again we will see btc and other altcoins in survival run..
sr. member
Activity: 1722
Merit: 269
I am now neutral on whether the bull market is still in place.

If the market changes to a big bull market, does it mean that meme coin has better returns?

After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?

I think that you are right that there is not enough room anymore for BTC to do a x20 or a x100 from the current price level and you are also right that meme-coins had far greater losses over the last few weeks than Bitcoin. Does that mean though, that Meme-coins will rise faster and stronger than BTC once we are back in a bull market? I am pretty sure that this will not be the case. I would even say most of the meme-coins will never rise again and will be dead within the next few months. Yes Dogecoin will surely survive and maybe will also rise in the future and maybe also one or two of the second generation meme-coins like Shiba or safemoon but i doubt that they will reach their ATH again and all those other hundreds of meme-coins that came out in the last few weeks will surely die.
sr. member
Activity: 1960
Merit: 273
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If the market changes to a big bull market, does it mean that meme coin has better returns?
In general most coins are soaring high during bullish season but im not certain about meme coins as it depends on the utility and community of the particular project. Its true that you can gain more but its a high risk investment compared to well-established coins in the market. But what im certain is meme coins cant recover back if they plunged hard because it has no use case and just relying on hype.
That's what happened today. the hype going on in the market made some coin memes gain their momentum. and after that, there will be a big dump. Of course, it will be difficult to get up. even most will soon die and be abandoned by their investors.
but if there are more meme coins like that, I'm afraid it will affect the BTC price drop. because in the future, more and more people will feel cheated by investing in meme coins which when dumped will definitely take some money.
jr. member
Activity: 236
Merit: 1
The whole industry will be dead if we see fellow 30k in my opinion
legendary
Activity: 3346
Merit: 1352
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Even if Bitcoin falls to less than $30,000 per coin, it still represents a 300% increase when compared to the levels we had 12 months ago. That means that in the long term, the outlooks remain positive. The same can't be said about the Meme coins. They are getting overhyped and the valuation looks excessive in almost all the cases. Right now, these coins are like inflated balloons. Once the bubble burst, these coins will suddenly become worthless. And this has happened to many meme coins in 2018 and 2019.
hero member
Activity: 3010
Merit: 629
If the market changes to a big bull market, does it mean that meme coin has better returns?
In general most coins are soaring high during bullish season but im not certain about meme coins as it depends on the utility and community of the particular project. Its true that you can gain more but its a high risk investment compared to well-established coins in the market. But what im certain is meme coins cant recover back if they plunged hard because it has no use case and just relying on hype.
full member
Activity: 2520
Merit: 204
I am now neutral on whether the bull market is still in place.

If the market changes to a big bull market, does it mean that meme coin has better returns?

After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?
4 days after this post the price of Bitcoin fall down to below 30k and actually the price  drops 28,000 $ and that made the market shaken wildly recently .
But good that market recovers and now at least playing from 33,000-35,000 once again.
but we are looking to at least 40-50k this 3rdquarter  so the only decision making is when the 4th quarter arrived .
hero member
Activity: 2520
Merit: 568
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That's unsure if the meme coins will be more than the good coins in terms of profit. But as we're uncertain about that, we have to make sure that we've invested in bitcoin as the sole crypto of our stashes.

From my opinion, meme coins will go down a lot when BTC dives to $30
They're just following bitcoin and they'll also drop if btc drops.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I am now neutral on whether the bull market is still in place.

If the market changes to a big bull market, does it mean that meme coin has better returns?

After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?
You are only looking at this from the scenario in you can make incredibly profits with those coins and I will not deny that is in fact a possibility, however the most likely scenario is one in which you lose all your money by investing in those coins, I know this is not something that people want to listen to but it is the truth and if people refuse to listen to this then this is an scenario that is going keep repeating itself since something like this happened as well during the previous bull run and it will happen again leaving millions of investors with losses from which it will be impossible to recover.
sr. member
Activity: 1050
Merit: 286
If we were to cosider the recent news about bitcoin, we can tell how will it go for its price for the next few months. China pushing through the restriction of crypto services and El Salvador regulating bitcoin and other crypto within their nation, these two are just few of the news related to bitcoin yet it causes confusion on whether the bull market will exceed to the top once again or the price will fall below $30k. Nevertheless, those lucky once who was able to buy during the dip should just keep on holding on, the price will get back soon just have faith and have perseverance whilst waiting.
member
Activity: 909
Merit: 17
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All coins seems to be low now even the memes coins I don't think rebound will happen anytime soon, some where still waiting for the price to get lower 30k to buy back. Hopefully it will not fall that much since it may cause breakdown to others especially those who buy BTC during it's pump earlier this year

Those who bought their bitcoin during it's pump has nothing to do but to hold their bitcoins tight. We don't know if what is the bottom line of this bear market. If ever the market will continue to drop, it's a good opportunity to buy more and wait until the market will bounce back.
sr. member
Activity: 1792
Merit: 264
well this is so true, I also dont get it why people buy more meme coin rather than real coin. I prefer and suggest to buy real coin that has a good prospect. There are so many coins that fulfill the criteria such as IOTA and ARPA.
True, but the original coin is also not only about IOTA and ARPA, because the ones in the top five cryptocurrencies ranking are all genuine and it's still much better than the two coins you mentioned.
when the price of BTC drops very deep even when it reaches $25k it will also affect all the altcoin assets in the market. $30k is still safe for now. even we can see today BTC is moving up again. and alert immediately determines your attitude. because after that there will be a decline that occurs.
this situation has happened maybe more than 5x in the last month. and that makes it difficult for altcoins to fix their prices. even for the assets you mentioned.

from there we have to be more careful in determining what altcoin we will choose, because most altcoins when there is a decline in Bitcoin will all follow the flow of the price movement. even more so with coin memes that are able to increase in value because they are caused by people who have great influence so that to be able to benefit from it is only based on a momentary sensation because its popularity is influenced by the institution
legendary
Activity: 2268
Merit: 1655
To the Moon
... If the market changes to a big bull market, does it mean that meme coin has better returns? ..

If the bull run continues, such altcoins have a chance to restore the price. But not all coins will get this chance, but only some of them. From your list, a good profit can be obtained from investing in the time-tested Doge. But at the same time, you should not spend your entire deposit on buying this coin.
legendary
Activity: 3248
Merit: 1160
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well this is so true, I also dont get it why people buy more meme coin rather than real coin. I prefer and suggest to buy real coin that has a good prospect. There are so many coins that fulfill the criteria such as IOTA and ARPA.
True, but the original coin is also not only about IOTA and ARPA, because the ones in the top five cryptocurrencies ranking are all genuine and it's still much better than the two coins you mentioned.
when the price of BTC drops very deep even when it reaches $25k it will also affect all the altcoin assets in the market. $30k is still safe for now. even we can see today BTC is moving up again. and alert immediately determines your attitude. because after that there will be a decline that occurs.
this situation has happened maybe more than 5x in the last month. and that makes it difficult for altcoins to fix their prices. even for the assets you mentioned.
We've seen the effect already, even if we are still holding at $30k, some altcoins are already dropping in value. This only shows one thing, the interest of the investors is already gone, especially the fresh money or the newbie in the market, they just come and go and it usually happens during the bull market.

The question now is, are we still gonna see a bull market this year? The answer is obviously no, it's correction time, not a bullish time.
full member
Activity: 1120
Merit: 101
well this is so true, I also dont get it why people buy more meme coin rather than real coin. I prefer and suggest to buy real coin that has a good prospect. There are so many coins that fulfill the criteria such as IOTA and ARPA.
True, but the original coin is also not only about IOTA and ARPA, because the ones in the top five cryptocurrencies ranking are all genuine and it's still much better than the two coins you mentioned.
when the price of BTC drops very deep even when it reaches $25k it will also affect all the altcoin assets in the market. $30k is still safe for now. even we can see today BTC is moving up again. and alert immediately determines your attitude. because after that there will be a decline that occurs.
this situation has happened maybe more than 5x in the last month. and that makes it difficult for altcoins to fix their prices. even for the assets you mentioned.
sr. member
Activity: 1610
Merit: 264
~
Well just take the first word "meme".
Remember how memes in social media like Troll Face, Me Gusta, B Please just died out few years forward. Cheesy
That is just how I see these meme coins as well. It was called meme for a reason anyway.
hero member
Activity: 2058
Merit: 710
well this is so true, I also dont get it why people buy more meme coin rather than real coin. I prefer and suggest to buy real coin that has a good prospect. There are so many coins that fulfill the criteria such as IOTA and ARPA.
True, but the original coin is also not only about IOTA and ARPA, because the ones in the top five cryptocurrencies ranking are all genuine and it's still much better than the two coins you mentioned.
hero member
Activity: 1344
Merit: 540
I am now neutral on whether the bull market is still in place.

If the market changes to a big bull market, does it mean that meme coin has better returns?

After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?

Depends on your goal:

Long term, I think bitcoin will outshine this meme coins, actually some of this meme coins are already dead. But devs keep on reinventing the wheel and releasing copy cats, but the goal is the same, make a quick money out of the market from noobs. And then repeats the cycle.

So for me it's better to put your money on altcoins in the top 10. Unless you really knows how to make money out of the meme coin craze.
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