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It is something that bugs me till today. Are they mostly newbies trying to find a path to enter cryptouniverse or experienced people who are just gambling to score a moonshot on luck?

https://i.redd.it/bc0avzsjx8e81.png

This is the "meme" rank on coinmarketcap, there's millions on deflationary tokens with no effort from the "devs" at all. Just copy/paste a code, copy/paste a whitepaper, eventually pay few bucks for a domain and that's it.
Why people fall for that, yet?

Shit and Meme coins like gambling. It is able to give big profit in less time. So the Newbie prefers these coins a lot. they have small amount of usd to investment so they invest there usd in Meme coin. Which enables them to buy many tokens for less money. So these tokens are very popular among Newbies. Because they are not aware of the risks about these

They are newbies but at the same they they are people who wanna become millionaires in a short time. That's why they are gambling with meme token and they hope sometime their investment will become another doge or shiba inu.


Gambling for the pumpa and they will be going out but that's very sad to see that the late players will always be the victim here and mostly these garbage shit scam meme tokens used by whales to fool the newbies. These days newbies are so harsh.

Agree, and most beginners are usually lulled by influencers who often offer investment in memecoin even though it's a project they build or are paid to promote to victims. Honestly, of the many investors, most of them lose money from the shitcoins game. It's as if the crypto world is all for them, and the image of cryptocurrencies is badly tarnished because of the shitcoins.

People inverse with less knowledge on trading.The developer of the coin had a good knowledge to scam other people with some of marketing strategy.The list on some small exchange and get the money of the people.After the capital raised as per their wish,they will started to close the project and fly with the investors money.Don't do inverse blindly on any coin without investigation.

This is what you called risks taking and we have seen that several shit memecoins did really make out some significant move because of sudden recognition.Just take a look on what happened on SHIB?
Who have really thought for this coin to gain that much attraction nowadays? Even myself had ignored out this coin in the past because i have that kind of mindset on not to deal with these shitty
coins but look at on what happened? Whenever the community or public would really consider out something  then no matter how shitty it is, then it would still possibly be that become valuable.
This is why people do really tends to play with fire and take out risks even they are aware that they are dealing with something which isnt worth to invest.

Yep, you are right. To "moonshot" their luck. They know it's a shitcoin and most of them knows they will lose their money, but they still try to gamble. It's all because of those other meme coins that made people rich that make people greedy. I don't think they realize that they have to be very very lucky to be able to make some good profit from those meme coins. How many successful meme coins do you see on the top? Only two. The rest are either dead or scammed their investors.

Regardless of their level of experience there is two things motivating those people, the first one is greed, since they want to obtain huge profits, however the second is laziness, we know that in this market you can in fact obtain profits but you need to have a lot of knowledge and make a great effort, however they do not want to do this and instead they are taking what they think it is a shortcut to reach their goals, but of course we know the chances they succeed are very low, to the point of being almost nonexistent.

It's because of the hope that they might find the fortune of their lives there. Nothing can stop them until they've failed for so many times. But I think many have made their profit on it and that info scattered like a disease and many have thought of the same idea which might make them money through investing in meme coins or any coin of the same. It's like the lottery to them and taking a shot, if ever they're lucky then that's money for them but if ever they lose again, they just accept and try again.

They are gambling to moonshot that can bring them all lots of bucks in a short time and there's no fundamental in the meme token. meme tokens are just pump and dump tokens that still exist in the market. It's not a lot of experienced people who actively trade or gambling in the meme tokens. The majority of demand for the meme tokens dominated by the newbies and they wanna make a lot of money with small amounts of money. that's why they re expecting hundreds percents of growth in a short time through meme tokens.

i see that. that's it. They are shit and they will be dead as soon as possible after the creator rug pulling the liquidity pool. It's just a matter of time until people will be getting scammed by that meme token.

Its because of greed to earn in a short period. Majority of these investors are newbies who dont have proper knowledge and just going with the flow on which they think profitable. But there are also old investors taking risk on these meme coins to try their luck. Its true that you can gain huge when you invest in meme coins but it is more risky compared to investing in coins that has real use case.

Thus the decision is up to the investors if they are willing to risk their money in these coins without utility and just pure hype. On the other side, invest on established coins or find a gem that has potential but it might take long before you gain. Because we have an option and it depends on what we prefer.

The price of memecoin is not backed by scarcity and relies on buyers making constant purchases of memecoin to maintain their value. Unlike the case with bitcoin, which is in limited supply, Memecoin has an unlimited supply or stock of tokens, it means that new tokens will continue to flow into the market.
although Memecoin removes 50% of the total supply permanently from circulation, The policy does not guarantee an increase in the price of the remaining coin in circulation, because the supply is quite large. Memecoin is very popular among traders who are just starting to trade in crypto, because they do not understand how memecoin works.

The answer will be because of money. They want to earn fast money from shit/meme coins but they do not realize that shit/meme coins can increase because of the pump from some group and they can pump any shit/meme coins they want. If they're going to make money, they can use the top 100 coins to analyze and get many potential coins that can profit. That will be better as they can expect of making money than those shit/meme coins. But if you want to buy shit/meme coins, you should not use too big money to avoid a big risk of losing the money.

Simply because they want easy profit since meme coins and shitcoins nowadays could easily get shilled by influencers and huge personalities. Easily manipulated coins could strike high anytime so it has a huge hope of providing a good profit in just a short period compared to well-established coins.

As far as i can see there are some reasons why people keep investing in the meme tokens and here's it


- Newbies got trapped by the influencers and the influencers gave signal for the newbies to invest in the shit scam meme token with the hope to get decent return in a short time.
- Gambling/betting on the pump or FOMO
- People believe with small amounts of money and they can make thousand hundreds of dollars instantly.
- Only to follow the trend
- They have small amounts of money and they can't afford to buy legit tokens that already had high value.

They never care with fundamental of project. I have ever doing a debate against shit token die heard and they keep calling their coins will make them all millionaires while the fact that their portfoliso gone down more than 80%. Just look at what happened with safemoon.

I'm sure some of them are beginners who are tempted to make big income and usually they buy those junk coins because they are following the ongoing FOMO, so that makes them very optimistic that this coin can provide great returns, but basically they don't know that investing with meme coins will make them lose everything if they don't have enough knowledge.

All of that is right because they see many crypto ads on their social media sharing how much money they get from investing in the meme coins. Hence, they follow that way by investing some money and expect to make big money in the future. But if they still do that without searching for the other coins, they will ruin and lose their money without having a chance to recover.

If @OP wants to follow their way, I am afraid that he can lose his money because he does not research the coin and invest in the right coins. You can make a big profit at the right time and the right coin. So you can not always expect to get a big profit from meme coins.

I know why so many people still invest in meme coin today. Well, it's because of the doge and shiba influence. people think that, if they have at least 1 million coins and hold it long term, in a few years, it might be able to be diamond in hand. Well, doge and shiba have shown proof of that, and a lot of people are disappointed that they didn't stock up long ago. because of that, even when the market is down, people still continue to target meme coins as a place to invest.

It's a gamble, they hope the token will have the same fate as DOGE and SHIB. I don't think those people put a lot of money there.

everything starts from FOMO, fear of being left behind and not having knowledge in making decisions. in their minds it might be a second chance to make a profit. thought the projects would suffer the same fate as the earlier popular coins, but in reality they were all wrong decisions and cost him a fortune. I myself have been lazy to tell people like that, if one of my friends or family invests in a shit project, I will just watch it without giving any warning.

So many times newbies are falling into the same trap anytime and these newbies never try to learn about that. They keep being delusional with what they have aimed with their shit tokens. Those newbies understood about crypto but im sure that they got lured by the famous guy to join in the meme tokens.
 the scammers also spreading fake news and rumour about the coin that will be going to the moon. experienced people will never try to join in the meme token even they know if this is legit meme tokens. they know that if meme tokens were pump and dump tokens.
people who played in the meme tokens were the newcomers in the crypto. Many of these people are always speculating for meme tokens to go to the moon.

anyways why put so much money on those two memes for now ? because I personally also see other coins more than just memes because there are many coins that can be used now, not just memes.

Those who have invested on them are inexperience or who think that they can be crypto millionaire instantly. Just like what happen to the hype on Doge coin because of Elon Musk, many job on the bandwagon, pushing the price to ATH. And then those who are smart exited with profited and those who are inexperienced are left out and think that it can still go up. But they are trap inside and the only way to get out is to suffer some losses. So that's inexperience for you. A gamble that they could have won if they know what they are doing.

I don't think all of those who invested on such coins are newbies there are still non-newbies who tried and risk such kind of investment.

These kind of people prefer a coin like this due to its volatility behavior, where in fact it dumps eventually, yet on the opposite side it also pumps like crazy in different manner. That's why there are still people you can see that go, invest and promote such coin due to all of these.

Well obviously it's because of quick profits reason mostly investors wants meme coins and etc instead of top cryptos.. As the matter of fact nowadays always meme project were making hypes in the market so it's not surprising why there's bunch of investors going crazy in it because of that reason. It's all about opportunity in just a short period of time to be honest.

Meme coins double your money way faster than left crypto coins, I have more money than I would ever from a top altcoin in 2021 through a meme coin and took my profit, the only way to lose money investing in meme coins is not doing research first, meme coins are risky as so many of them are scam

Of course, this is due to their desire to obtain great wealth in a short time. This isn’t only limited to beginners but the majority of investors who are running after the quick profit. That is why it is always preferable to choose the classic coins that are widely popular and have been in the market for a long time and have actual use that you can search for them in CMC.

Yes, they can be a combination of both, newbies and pro's but the pro ones are the ones that are not gambling here, they already have an experience and they already knew how shitcoins and meme coins work. They just buy the latest one and then quit as early as possible when more people have entered. Shitcoins and memecoins are the real example of a pyramiding scheme, not the legit cryptocurrencies.

Newbies on the hand just try their luck and see if they can earn instantly. Shit/meme coins are overly advertised anywhere and it is easy for some newbies to see them. It is only sucks that this may affect the reputation of older cryptos. Newbies may think everything in this space works the same.

Because shiba inu made 88 MILLION percentage gain in a year. Yes you read that right. So upside for investing $1 shitcoin can be insanely profitable especially when you get in early. There's no other reason then that. It's basically a ponzi as you need more and more people to shill it.

But i relate to these people as i made most of my money with coins i didn't really even like and that made me a better swing trader, because i could sell them without any hesitation as there was no attachment to then.

That's the main reason why people keep on investing on meme or crap coins because they are hoping that one day they will struck their luck and get rich. It is not that they believe their purpose but it is more on hoping that they will gain something from it. So it is not only newbie, even long time crypto users are trying to get hands on it. Because if they will shell out small funds, that would be nothing for some people. As a crypto user who gained from investing in different coins, you understand the feeling of these users who will invest on these meme coins. At the end of the day, it is your profit that matters whether it comes from a crap project. But if you lose, those devs don't care about your funds.

What you described can be briefly described with the pump & dump project. The creators do not care for the project to develop, but to quickly raise the price as high as possible and then sell it. The mechanisms are similar to the ponzi scheme, however it works very differently.

Many trader and investor still keep staying with shit and memecoin for investing because seduced by a large enough profit and more expectation when early launching and you have faster hand you can got buy on pre sale and first listing sell all earn almost 500% profit, impossible with short term on spot trading with bigger coin can reach much profit, but many trader and investor are blind with many time loss and coin removed liquidity where become scam coin without can't sell on exchange.

People invest in them because of their low price and a believe in "get rich quickly" strategy. Because it is easy to buy them, and almost everybody can afford to spend few dollars on them.

An important factor is being anonymous when buying. In real life people would feel ashamed buying obvious crap with a desire to get rich. It is obvious way to throw money into nothing, and people would judge them and call fools. But if you do it in crypto, nobody would know that you are buying obvious crap and scam. If you lose money, you lose and nobody knows about it. If you win, you announce your success.

Yeah they are sharing their profit but when you asked them all and they will never share their lose or they will be loosing their followers. Influencers were always doing this kind of garbage trick to fool the newbies. that's horrible thing. So many newbies never learned from it if those influencers are also possible getting paid to ads.
So many people have been creating awareness for them if what they have done actually wrong. I don't know whether they have brain or not but they keep repeating the same mistake again and again.

both are people who do that, the first is done by people who already know the risks and they choose to gamble to take big profits. then the second one was followed by beginners who are new to crypto from the predecessors who have taken huge profits when buying meme coins, of course it becomes an attraction for people who are new to crypto to try their luck with the same thing on meme coin.

I think he/she ,who invest on meme coin or shitcoin they actually have nothing knowledge behind it .They are mostly new .On the other hand some gambler are doing this kind of investment ,so that he might be rich or loss his/her invested amount .I never suggest anyone to invest on meme coin or shitcoin cause these has nothing concern about crypto .So i think we have to be more aware to ignore this kind of coin to add on our portfolio .We just to need to invest on strong project which has a sure future .So that we can get a good return for long term .

These are the main reason for hodling shit and meme coins. It is luck based not about real value and hodling for longer time. Meme coins are cheaper and you get millions of unit with few dollars. The ROI is expectedly higher if lucky on the investment.


Is not only with newbies because experienced people also invest in it. Is about how to make profit fast and get off the hook. So not just the business of newbies.

Many influencer promoting shit coin on their social media account from Youtube, Instagram and Twitter where they have billion follower and easy how to make their follower believe with their coin promoting, bad thing with promoting words like profit more than 4000% make many people blind and allow what influencer want, they buy shit coin with much money and later after success sold out the influencer and owner run away and just said sorry when coin dump.

Unfortunately this is the incorrect way to go about this, investing and gambling are completely different activities, I like to gamble from time to time and I do so knowing very well that the chances I am going to win are very low, but when it comes to investing you need to be absolutely certain that you are going to win otherwise it is better to not invest in the coin at all, however most people do not it this way and prefer to invest in those meme coins even when they know the risk is high, and when that is the case there is nothing we can do or say to make them to reconsider their decision.

The reason is simple, get quick rich schemes still keep busy minds of new investors who keep investing in meme altcoins. Several years ago only ICO was used to scam the other people's money, now NFT and meme coins are there for exact same reasons. I doubt these assumptions will change soon since people ignore the recommendations by pro traders and go for quick money making methods.

that can't be a reason why they invest in the meme token but a quick rich scheme should be the good one. Shiba was booming due to the elon musk.People are starting to speculate what will be next coin will be shilled by elon. The meme token trend was so crazy. that makes the marketcap site being flooded by so many shit tokens. meme token made so many people are loosing their brain and they are only care with their pocket lol. This is the most funniest trend in the crypto every. Scam token everywhere and so many newbies got scammed due to the investing into the shit scam meme token created by scammer but they never learn it.

covetous,

stupid,

selfish,...

These are qualities we easily see in these people. Too limited awareness causes them to narrow themselves down. And I feel really sorry for them to be one of such people. Anyway, I hope people always see making money in one field or another as just a part of life's meaning.

Exactly! People always are greedy and want get rich quick schemes! I also invested in some meme coins (money that I am willing to loose) just in the hope to get a quick x2 or more. It is possible but you really need to have a good timing and a lot of luck. I would never hold these for the long term.

Who wouldn't want to get rich?  Because it's a get-rich-quick investment, it's going to be worth investing for all even the old crypto investors are also into memecoins, however, are not posting they are buying them.

The investors who are not going to get rich of course are the ones who have not got the tokens for the cheapest as a 1 Gwei. Buying the token for at least 25Gwei is almost late already.

I won't lie shitcoins brings the biggest profits if you know your way around them, the way is buy at very early stage of release and wait for just weeks the higher the volume grows the faster your money climbs up so just find an exit point.

I think that buying shitcoin on early stage or at any other stage does not matter a lot. Because everyone that has bought a meme coin straight after its topic appears here in ANN, would be rich. The idea of earning through meme coins is to hit the trend. If you are lucky, the meme coin you have bought will rise huge demand. The difficulty is to know what will be in trend tomorrow or in future. With meme, that is something impossible to predict.

Those people want to make fast money from meme coins they see on social media, so they will do many ways to join in the trend and invest in many meme coins. Unfortunately, they do not research before they invest in the coins instead just buy from the market and hold it. The early people who purchased the coins will benefit, while the next investors will not profit because the trend is already down. The greed will come to them if that is about money, and only people who can research and know when to leave will benefit.

Those are who wanted to explore the market finding a GEM , they are trying their best to be instant millionaire , and instead what they are getting? losses lol .
this shit projects are here just for sole  purpose , to victimize people here that has greed attitude to find speed income and they are mostly the victim .

Yeah but that totally depends on how early you can get into the shit token. If you are a part of early buyers and you're so lucky but if you have not become a part of the early buyers and then say bye to your investment. I have seen my friend was getting rugpulled by this shit scam token. The early you joined the more profit you got it. As far as i know see the majority of meme token players are only doing hit and run. They will be jumping to the another shit token again once they have done with the one.


The question is how can you know that? there are bunch of shit tokens in the market but become early buyers didn't give you guarantee if you will be getting profit caused by the pump that happened with it. Some shit tokens projects are even rugpulling their investors before they can be listed on the dex or exchange site and how about that? joining in this ponzi scheme is totally depend on your luck. If you are lucky enough and you will able to take profit from the market.

When the time People in crypto Invented the word "GEM" ? this is the answer to your question mate because people are use to seek more income , they even believe in Scam that promised them big earning so best not to wait for your funds to die eventually , invest only what you can afford to lose and invest the funds that you know you can leave for long term without expecting big that soon.
Of course since shitcoins are mostly use for manipulation , but if you are the luckiest one then you will profit , and how many like you needs to lose for you to earn?

The problem is finding the exit point when you enter the shitcoin because getting into the shitcoin is entering into a very big risk even though there are some people who are profitable, but it can't be used as an initial reference to enter there because everyone's luck will not always same.

It's because crypto is red hot at the moment (and has been since the last crash in 2017, actually) and people just want to try to discover the next bitcoin.  It's never gonna happen, but that won't stop people with money to burn from trying.  There's also this:

I'd say most of crypto investing is gambling, but if you're buying a coin that has no use whatsoever and can't be used as money....that's gambling, plain and simple.

I also think a lot of folks are watching popular crypto Youtubers and reading stuff like that Reddit post, and there's a sort of mentality that makes people want to belong to the clique that's investing in whatever the hottest coin/token is.  A lot of people are being misled, too.  Those Youtubers aren't making videos out of the goodness of their hearts; they're either earning ad revenue or they've got paid sponsorships, so they have to come up with ideas for videos whether they believe in those ideas or not.  On top of that, it's likely that many of them are just hyping coins that they've already purchased in the hopes of driving up the price.  You know, the ol' pump & dump scheme, which we've seen happen repeatedly.

Every new trend that comes will have a big impact in crypto trading. as is the case today. meme is here to give hope to all users. therefore, every alt that smells of memes will have a lot of fans for now.

Yeah coz that's gambling with the hype. No hype no pump and newbies will be starting to call it as a scam after it turns to be a trap. People who have invested  in shit tokens are totally wanna try to gambling with it. They have no intention to invest based on fundamental. They are looking for the hype and then when they late and they lose all of their money. Those people are the most stupid people ever exist in crypto. Even some people are making their friends as their victims. They told their friends to buy at the peak price and what a shame.

So many meme suppoters are also blind and they have no brain to think. Never try to realize the reality of meme token pretty similar as structured ponzi scheme. Look at what happened with shit scam grimace token. This scam token is everywhere.

Not really. It's not hope that it's giving to everyone but a way to gamble their money. Because when there are investors that have seen the hope that they'll make money from the meme coins, it's with a higher risk than the usual.
There's no guarantee with the meme coins and you don't know what awaits on it and that's why risk is higher than expected. But those who were able to sell at the top, maybe they're still with the meme coins because it's the type of coins that made them wealthy so, they're still staying on it no matter what the crowd say.

Would really be just part of the history but it couldnt really be forgotten since it had once become a trend which did really result that much interest with meme coins but doesnt mean that it would always
be giving off hopes to all users.Profit  opportunity would always be on the corner and its up to someone whether they would tend to engage with it or simply skip because they do prefer on investing
on other coins.Its a matter of choice though and will and targets that they do have in mind and since people does have different perspective on certain things or simply not
really just the same with others.

100% of those who invest in meme coin are those who wish to get rich in 1 night and that's their goal without thinking about anything else.  it's your personal right to invest wherever you like, it's just that you have to be able to distinguish which investments have a future and which don't, while meme coins don't have a definite future, price increases are only expected on hype.

Realistically, it's a bit of both.

Seasoned veterans in the crypto wild west capitalize on the ignorance and naivety of those who are less experienced. Memecoins don't have much of a future, but these people know how to play the psychological game and hype things up in the short term to look like the best investment you'll ever make in your life.

Newcomers believe these people because they have wide social reaches. This is actually a huge problem that runs deep - this almost gambling-like craze that goes on peoples' minds when they first enter crypto.

It's a little sad to realize that this phenomenon is a new trend.Today, 100% of the scam is masquerading as it tokens that have no good goals.There is only one task to sell them your tokens and get a valuable cryptocurrency in return, and almost legally.If people like to feed scammers, that's their problem.

Stopping people from investing shit/memecoins is a very difficult thing to do...

To be honest, I'm actually quite tired of hearing complaints from people who have lost from shit/memecoins investments, but when they first wanted to put money down, they didn't want to listen to advice. The fantasy of high ROI obtained from investing shit/meme coins is very tempting but we all must be aware that it is just a fantasy, not reality.

Greed plain and simple.  Once these rediculous pump and dumps stop then these coins will all be worthless.  They buy in hopes that someone will buy higher.  Based on the doge run last year.  Happened in 2017 with a zillion masternode coins.  Now...they are all worthless and left for dead.  A new fad will pop up and meme coins will be forgotten about.

That's one thing that makes them invest in this meme/shitcoins plus the hype that Elon created fuel these people's desire to invest. But when there's a correction and it started to dump slowly they can't do a thing and all they have to do is complain and panic or worst sell it in a low price. It did happen in the past already yet most of these people didn't learn their lesson or shall I say, they love to gamble instead of trading.

I believe newbies are always the first one that would suffer from losses when they choose to invest in alt/meme/shit coins. It keeps growing almost everyday if these random shit projects come out of nowhere.

This, if a person was willing to take their time and reach their goals in a decade then they will easily see that bitcoin is still one of the best investments they can make as its potential is still huge and its popularity and adoption do nothing but to go up as time goes on, but people do not want to wait for that long, they want profits and they wanted them now, and the only way they can see themselves getting those profits is by investing in those meme coins, not understanding that get-rich-quick schemes are in fact get-poor-quick schemes for the majority of people that invest in them.

Not all would really be that patient which is really just normal i would say which a very common motive to have as an investor even though you are fully aware on how these meme coins
do works or even simply with those altcoins then they do love to play with risk even they are aware of that just let them be since its their money to use and not ourse.
If they could really bare that risk then so be it, we do have our own calls and decisions to make whether we do engage on meme coins or not then its
on someones choice.

I think this is because they hope for big profits in a short time, usually shit coins will pump big at the beginning, this is what makes many people fooled by the hope of big profits, and of course when they start making big profits they will add more.

This is just a form of trying their luck. Some succeed, and the success people never look for other altcoins. Then onwards they look for similar memecoins to profit. These aren't newbie investors, there are professional investors who just invest and leave it without taking it into the portfolio.

The newbies who profit out of memecoins mostly invest partial profit on other memecoins. Most of the time memecoins are very less priced which makes investors go for 10 coins, even if one pumps it'll give a massive profit.

Waiting for a long time is not easy but you can see how your profit grows slowly by surely. If they cannot wait then they should be prepare to lose big or to lose often as investing in meme coins requires luck just like how we play gambling which also requires trial and error.

The reason why they called that get-rich-quick schemes is to attract people and do you think if they name that get-poor-quick schemes, there will be people that will invest on it? no right but I think not all people are dumb enough or have the guts to risk on those quick rich schemes but we can assume that most of the people that invest on them are just starters in that field.

Who don't want to try their luck? Users wants to see if they can become rich overnight and sometimes it works very rarely but most of the time we end up losing. I would consider myself as an example wherein I ended up investing into some shitcoins like santacoin, earthcoin and a coin named 777, guess what I gained over 300% overnight on the first day itself wherein my $45 dollars became $135 then suddenly I started losing it all and ended up $200 more and again started losing it all and my my LAtoken wallet has a balance of just $1.73.

It's better to set up a limit post which we should invest in shitcoins and memecoins else we will end up losing it all. It's like there would be 1 win day against 100 losing days.

shitcoin promises a higher ROI than bitcoin and that is what traps many people into being tempted to buy it :D. I have some friends who keep telling me that meme coins will make him rich quick but so far he has never experienced that (he always loses), Bitcoin is always the best and most rational asset, unlike shitcoins or meme coins

Many influencers promise us to be rich if we invest in meme coins, despite the fact that they manipulated to make the meme coins pump price,
because these influencers have already bought the meme coins they promoted before. So influencers only use their followers to generate profit
for themselves, so be careful investing in meme coins, which was created without a clear use. I agree with you, however Bitcoin is the best and
safest for investment. If we don't want to lose our money, avoid investing in meme coins, especially if we don't have good research and analysis skills,
just choose Bitcoin for investment. As long as we can be patient holding Bitcoin, profit is only a matter of time.

If you want to invest in meme coins, you know that it is only for short-term profits. Because they won't survive long. As they are mostly handled anonymously, most teams behind such project have only one goal, to rip off those naive buyers. They don't care where you got your funds, if it is your retirement savings or money for your basic needs, so long they can get it from you, they will. And getting early on this type of coin is not always profitable, as most of them will die not even seeing the light of trading platform.

Most of them promise nothing.

It is the mindsetting of every investor that have been chasing meme coins that they'll have a faster and higher ROI.

Those who got in early in these meme coins, they're the only ones that can make a lot of money from it. But the rest, who just invested newly, they should accept the fact that it's quite hard for them to recover.

Exactly, meme coins or any shitcoin for that matter do not even need to promise huge profits, investors deceive themselves, they think that since the coin is new and it has a low price then if it happens to grow then the potential profits they will get are enormous, and while they are not wrong in thinking that, they do not take the time to consider how likely is it the scenario they are expecting? Because if they did it and they realized that their chances of making money with those coins were so low, then they will not waste their time with those coins anymore.

Because all they wanted to earn quicker and not minding how risky this is or sometimes they are just being fooled by their desires to gain easier , this mentality is favoring the manipulators to victimize people like them
Imagine putting  your money in a project that has no real future but instead wanting to be a GEM but in the end to become a Copper.
try not to engaged in not futuristic project and just invest in legit and long running currency in which at least we can be assured of our funds being safer.
that is the true essence of crypto investing.

Probably their marketing strategy, people will fall for the words than actual product so they don't care about the utility what they are doing is just seeing someone investing on the project followed by more and more along with the name everywhere so they are also get into that trap.

The idea has been built in their minds that whenever they buy meme coins or any other altcoins, the profit will just come after to them.

But they don't realize that there are too many folks that have been deceived and thought wrongly about it. Instead of buying the right coins, still, they're putting hope that they'll become better from investing with those.

Both, we have experienced users trying to get on the next Dogecoin or Shiba Inu while newbies hearing that memecoin have given so much profits are just trying thier luck to be a part on the nex, I made thousands from investing in memecoin. Nevertheless, people are still making money from this jokes and it will be continuing for sometime.
You just have to be careful and not go investing in scam projects that will rug pull and make you lose all your investment. Look for those that do not have the highest coins in developers wallet and research on them before investing.

They have been influenced by other people who always keep saying that meme coins give fortune. They came up with the basis that many people had made a huge profit (likely being rich instantly) and that is the reason why they will try also. However, they didn't know the risk that they are facing now upon investing these coins, they are in higher chances to lose especially when they are holding long-term. I suggest that if they have them now, selling is the best thing to do than to wait for hopeless bounce of price.

It's like a trap that some people are not aware of so they always expect big profits and forget to take huge risks too, and usually beginners who are in the crypto space are always early to get trapped and some others leave with their profits because they had time enter at first.

Unfortunately there were a few of them that did exactly this and that is why people are chasing after it. Like they see shiba, which is a useless shitcoin end up making people 10000x profits and all, so they want to do the same thing with others now.

There were few other smaller caps that turned people into millionaires instead of billionaires, and that is why people are chasing after finding the next one. We all know there will always be a few that make it and thousands that won't, so people throw money at thousands to hit just a few that will happen.

There may not be another memecoin that succeeds, but people will still throw money at all the new ones. The sad thing is, if you want to start, you could spend like 50k on creating and marketing a new project and probably get a few million dollars if you know what you are doing thanks to this hype.

Which empowers them to purchase numerous tokens for less cash. So these tokens are extremely famous among Newbies. Since they don't know about the dangers about these. Truly, of the numerous financial backers, a large portion of them lose cash from the shitcoins game. It's as though the crypto world is supportive of them, and the picture of digital currencies is seriously discolored in view of the shitcoins.

This proves inly one sure thing mate , and that is investors nowadays again becoming greedy and stupid, believing in a project that really has no future at all.
and what they are doing is to take the risk and blame the market if they become a failure.

Meme coin is not having any future , instead this will always make investors in the edge of losing that earning .

because with new coins that get hype usually they can get profit, maybe newbie enter the meme coin area and old people play prices and create the meme coin fomo.
after dimming so beginners bite their fingers because they see losses

I think that there is nothing strange in this situation. Just everyone wants to earn more and what is very important quickly. I plant more for you, there were such people before, they are now and will be tomorrow. On the one hand, there are those who fraudulently gives you the opportunity to earn money, on the other hand, there are those who want to simply and quickly make a profit. It turns out that for every product there is a buyer, and here it is. At the same time, it is worth noting that many, already knowing that this is a very dubious direction, still use it, but they will be lucky.

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There are many currencies in which not Meme coin that also valued very cheap so this is not the reason why they wanted to buy Meme coin maybe they are seeking for speed income ? because Meme coins are mostly used as manipulated currency.
like what Dogecoin and Shiba Inu does last year/.

It won't be profitable right away either, because usually new people won't dare to put a lot of money on new coins they know, and if the percentage of new people buying meme coins with big investors who often buy in large quantities, they still lose to one person, so Dev's side won't be easy to make money with this either.

Actually, the first I heard about Doge or Shiba I didn't take this two coins that important well it's because this two coins were known as shit coins or meme coins but since Doge was been shilled by Elon and even Shiba the soaring of market value of these two token started. So yeah, one of the reason why people keep investing money in shit/memecoins is that they are aiming for an instant high profit that the recent investors of Doge and Shib achieved when the market soar high.

it is true that early buyers have a great opportunity to profit from memecoins, but those who buy during the hype will only lose due to their greed and FOMO nature. until now I'm sure many of them are still hoping and even praying hard for Doge or shiba to return to ATH :D

Dogecoin can be a good choice when the market is experiencing a bullrun, but if the market doesn't experience a significant increase then there won't be much money to be made from it, but in general Dogecoin is a good choice than other memes right now.

Greed pure and simple.  Peoe hear stories of someone lucky enough to hit on their able and everyone wants in.  Break all these down and you are right it's just copy/paste garbage.  Eventually all these gamers will learn the hardware crypto is unforgiving to the greedy and will lose their entire position.

Speculation? or scam? but it's not a mirage... just don't fall like a dummies.

It happens in the real world, there is no difference, in any type of business, for example, it does not bother you that there are thousands of copies of your favorite brand that someone has a Rolex identical to your original,but the other person gets it for just $10.

The issue is that you are the important one in the situation, it is you who must be informed and understand the crypto mirage that exists, then after you understand it, how it seems that you do it, you invest correctly, it is easy, when you understand.

Note that some time ago in my local board we talked about it and I made this capture, it is very possible that they are already double.

https://i.imgur.com/KtmdFLe.jpg
Data january 2022. / Shiba

Well, everyone is in need for quick wealth, and from what dogecoin and Shiba inu has done, most people, which I believe majority of them are newbies, believe that memecoins are the only way they can get some really quick wealth.
And again, this shit memecoins are always very cheap, with as little as $10 box, one can afford millions and sometimes even billions of the coin, newbies who don't know exactly how this things work yet count on those numbers, without realizing that the total supply of the coin itself is over inflated which is the reason why they could buy such number of coins at such a price.

So in my personal opinion and conclusions, I have two reasons why I think many people which I believe most of them are newbies, opted to invest in meme shitcoins instead of a worthy and quality project.
1. They are super in a hurry for some quick money.
2. The cheapness of this shit memecoins attacks many people mostly newbies because with very little amount of money, they can afford millions or even billions of the coin or token.

As said it is gambling. In other way people find it easy to invest a little amount to receive a good number of tokens. If something positive happens in the market, this will make a big change. So, it is like spending what one can afford to loss. He may be lucky, if not what he spend on specific memecoin will not hurt him financially.

But that is precisely the issue, they believe they can handle the risk, but they think that because they believe they will obtain profits with their investments, but once they realize this is not going to be the case they blame the market and point their fingers at anything and anyone except themselves, basically they are trying to paint themselves as the victims of a ruthless market while at the same time they try to give up any kind of responsibility when it comes to protecting their capital, something that runs contrary to the principles behind this market.

Exactly, they invest because of the hype and hope that they will make a decent profit.

If you look at the performance of DOGE during the bull run, you'll certainly be attracted to invest if you don't know the real reason why it's pumping. That bull run made an impression to the newbie that meme coin is a good investment as they are more profitable compared to the coins which have real utility.

People buy those coins for a quick gamble alright. It's like a lottery ticket, maybe it goes 1000x or most likely it goes to 0
I also think that the low price per token somehow has a huge psychological effect that draw people to those coins. You can then fantasize "What if the coin goes to $1?". Personally I find it ridiculous when you can buy so many coins with a handful of dollar that you can't even pronounce it anymore  ::)

And just like in gambling, there is this huge risk that is involved and they don't look at it that way. For sure, it could be their ticket to some kind of lottery, if the price goes to the month and they invested medium to huge money they the return is gong to be big. But how many investors have become millionaire from those meme coins? That is the big question and we really don't know if there are real people who turn their lives upside down by investing on some shit and meme coins.

Generally investing is close to gambling for there is a risk. But investing in memecoin is way easier to make money especially if you are among the first to have bought billions at a very lowprice. Ho many of us got thousands of USD when Doge hit $0.05 and dumped already?

But when Doge was $0.05 a lot also invest because it could go war further up and so it did. SHIB is actually a good memecoin with great plans ahead, It's branded as meme shitcoin though but many will buy it probably if it dips way low that you could get close to 10M tokens per $1.

Betting for the pumpa and they will be going out however that is exceptionally pitiful to see that the late players will continuously be the casualty here and generally these trash poop trick image tokens utilized by whales to trick the beginners. So the Newbie favors these coins a great deal. they have limited quantity of usd to speculation so they put there usd in Meme coin. Which empowers them to purchase numerous tokens for less cash.

Meme coins are not reliable investments and they are. most like the Ponzi scheme that does not have any real-life user case or utility capacity, just for speculation for easy money hunters who are willing to risk the money on a gamble without knowing what the outcome may be.

Be warned otherwise, you can lose all your money the dev team is after your money and can hype the coin just to attract you into investing and thereafter they walk away with your money, be careful not to fall victim.

They may be not reliable but definitely will give huge profits in short term. That is the mindset of those investors who keep investing in meme coins and shit coins as they believe that they could get huge profits out from hype or trends in the market. But there is no guarantee that it will happen all the time as those hype will suddenly be gone and you just end up losing your capital. I suggest stay away from meme coins and shit coins as they are very risky and not ideal for good investments. Go for those established coins that will create more chances of making profits as they have real use cases and there is demand that grows continuously.

If one more person tries to sell you the EMH, show them this.

But yeah, it's crazy isn't it. But it's what happens when you combine wilful ignorance with tons of debt fueled capital. Very interesting results indeed, but not at all surprising.

It's essentially a ponzi scheme, these tokens. The investor is always investing with the intention of being early and there being people after them who are willing to pay more, which is not at all guaranteed.

Because many beginner investors want to get rich quickly, they see meme coins as the most appropriate solution that will help them to achieve their goals. The strange thing is that anyone, even if this person is not an expert in programming languages, can easily create a meme coin and call it a popular name among influencers and lists this meme coin on CMC, CG, and pancakeswap or on any exchange platform that accepts free or small listing fees.