Bitcoin Forum

The crypto market is experiencing a resurgence, with Bitcoin reaching 49k USD and numerous altcoins breaking free from the crypto winter's grip. Memecoins, too, have joined the recovery trend, with many new ones emerging. The memecoin craze shows no signs of slowing down, fueled by the promise of life-changing opportunities. Stories of investors striking it rich with DOGE^[1], SHIB^[2], and PEPE^[3] abound, prompting me to delve into the world of memes and memecoins.

"A meme is a piece of content (an image, video, or text) that is humorous in nature, spreads quickly across the internet, and can be remixed and transformed over time. In a more general context, it’s an idea that spreads quickly from person to person within a culture^[4]."

"Meme coins are a cryptocurrency genre loosely defined as having an exuberant online community supporting the currency's growth^[5]."

In essence, memecoins are the crypto equivalent of memes, designed to inject humor and excitement into the crypto landscape. But unlike other asset classes – forex, stocks, bonds, and commodities – memecoins exist exclusively in the crypto realm.

This unique distinction reflects the freshness and optimism of the crypto market. Participants in this space are primarily young individuals who embrace innovation and financial exploration rather than sticking to traditional assets like gold, oil, and foreign currencies. Their optimism translates into humor, giving rise to the likes of Dogecoin and ShibaInu. The meme wave is unstoppable, fueled by the boundless creativity of human humor.

I think, humor also plays a crucial role in mitigating psychological stress in the crypto market's inherent volatility. When prices experience sharp swings, investors often express their emotions through memes, poking fun at themselves and others. This self-deprecating humor helps lighten the mood and diffuse tension. Memes, in turn, give birth to new memes, and from these, new memecoins emerge.

But memecoins aren't merely vehicles for humor or lottery tickets. They also hold significant value in the broader crypto ecosystem:

• Attracting attention: Memecoins' inherent intrigue captivates the community, bringing crypto closer to potential investors.
• Accessibility: Often priced very low, memecoins are easily accessible to newcomers, lowering the barrier to entry.
• Price appeal: Their volatile nature can lead to meteoric price increases, fueling investor optimism, breaking down fear, and generating FOMO.
• Burn mechanism: Memecoins with high transaction volumes burn significant transaction fees, reducing the supply of native tokens and supporting their price.

The Avalanche Foundation's recent decision to invest in memecoins further underscores their growing importance^[6], even among those who dismiss them as mere "trash" in the market.

I love dogs and I bought DOGE in 2018 at 1 DOGE = 0.0025 USD but sold them at the beginning of 2021 when 1 DOGE = 0.1 USD. It's a pity because I couldn't hold until 1 DOGE = 0.7 to get x280 profit. Maybe I'm not destined for DOGE and memecoins  ::)

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

---

References:
[1] Truck Driver That Made $3 Million from Dogecoin (DOGE) is Now Selling His Bags to Invest in This New Memecoin (https://www.analyticsinsight.net/truck-driver-that-made-3-million-from-dogecoin-doge-is-now-selling-his-bags-to-invest-in-this-new-memecoin/)
[2] From $1,000 to $1 Million, How Shiba Inu Made People Millionaires (https://watcher.guru/news/from-1000-to-1-million-how-shiba-inu-made-people-millionaires)
[3] Becoming Millionaires in 2 Weeks: How 3 Addresses Got Rich with PEPE (https://cryptopotato.com/becoming-millionaires-in-2-weeks-how-3-addresses-got-rich-with-pepe/)
[4] Buffer: Meme (https://buffer.com/social-media-terms/meme)
[5] Investopedia: Meme Coin Explained (https://www.investopedia.com/meme-coin-6750312)
[6] Avalanche Foundation to Purchase Meme Coins as Part of Culture Drive (https://www.coindesk.com/markets/2023/12/29/avalanche-foundation-to-purchase-meme-coins-as-part-of-culture-drive/)

1: I support the freedom, which crypto is all about. Just like internet, anyone can create stuff and leave it for others to use or not. It's up to people if they need it. I am not angry that there are something stupid in the internet that i am not using but everyone else is, just like i am not angry that people have freedom to create any kind of coin or token they wish.
Now i don't need to understand why that appeals to people, because it's people who choose to use them or speculate with them.

2: First coin that i mined was a dogecoin clone called Flappycoin in 2014. At the time that was exciting and trough it i got first touch to the whole crypto scene.

3: FLAP gave me some profit. I traded it in cryptsy that used to be a big thing but is long gone scam now. It definitely brought me joy. I didn't understand the valuation or how valuable it could be. But i fellt like a millionaire for holding millions of coins. I was lucky that i didn't put too much money in anything at the start. Even though i might have been able to become a millionaire, there were also ton of scams. Different kind of scams then today, but i encountered few of them and didn't lose as much.[/list]

You joined this market since 2014 as a Miner? Surprisingly!
I didn't even know FLAP coin, but it's good that it brought you profit in this market.
Memecoin should be considered a fun investment instead of a serious one with the goal of making investors millionaires like some really lucky people on TV  ;D

If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.

I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.

Yes, it all started from Doge but it's better if it's the only one meme coin in the market.

Dogecoin but I've missed the peak of it and sold too early.

I am happy with that because despite the small profit that I've made. It's the feeling of being invested on it at a point of your life and seen it soaring although I was not part of it.

Dogecoin is not totally a nonsense meme coin as it also contributed some but the rest is just something we never see as it real use case in the crypto space.
Generally, I couldn't say they are important but yeah, developers have the right and freedom to make these stuff even though people are not needing this.
At the point that meme coins are in the hype, people are happy but now, they are rejected and ignored - they are just considered as the pastime and in the long run, it helps nothing but just another shitcoins.

Like PEPE shitcoin which has no utility and only takes advantage of their community and because they have enough hype they can enter the Top Tier 1 Exchange. It all started with Doge and Doge became the king of all memecoins. Even though Doge is only a memecoin, it is based on it, moreover, it is supported by many communities and is always a coin that exists in every market.

What memecoin I can only say important is Dogecoin. Other altcoins are already copy-cats of Dogecoin which is only here just to make money for people, they will create hype at the beginning to lure people then dump on them later on. I can only see gambling to these memecoins.

Do you support the existence of memecoin in the crypto market?
Personally I dont, there are other projects that have more meaningful innovation that deserve the money invested much more than meme coin itself and I think any random meme doesn't deserve the millions of dollars invested to them for just existing and not presenting anything meaningful.
Have you ever invested in memecoin? Which memecoin is that?
personally I have invested in doge coin and shiba, i honestly among the one that holds early and made quite the profit, but not that significant profit though unlike those that flips $1000 to millions, i just got lucky i still hold some amount of doge
Has your investment in memecoin brought you joy, profit or loss?
overall profit, thats why i also have refrained from investing further in meme coin simply because i don't want to turn my early profit into loss because im tilted investing it just doesn't sit right with me with investing in meme coin nowadays i preferred to prevent myself because i could be investing in better project like manta, dym and so on.

Yes I support the existence of memecoins in the cryptocurrency ecosystem space because it creates the competition among the coins in the market. Without the memecoins the king of cryptocurrencies will become tyrant in the space whereby no can buy and sell and it is because of the other coins and tokens the coins are some moderated. I have invested in one altcoin and it is Eloncoin and the value is still small and I have not withdraw it so I have not loss or gain but small gain has entered.

Memecoins are very much important in the coexistence with others in the ecosystem

Yes, I support the existence of memecoins because the crypto market remains active even during bear markets. For me, memecoins add an element that prevents the crypto world from becoming dull. Imagine a crypto space without memecoins, everything would be too serious and monotonous. That's why I believe memecoins will continue to have a presence in the crypto world. It's up to us to decide if we're willing to face the risks associated with memecoins when considering investing in them.

Whether we like it or not meme coin makes a large part of current crypto volume. They are a force worth reckoning.
So, I'd say I support meme coin as they have kept crypto popular and brought in a large number of new people and new funds to the market.
I have for several times invested in meme tokens. I had invested and held on Dogecoin in the past but I don't hold it now. The most hodled memecoin by me at the moment is Pepe, followed by Popcat. The meme trend has shifted towards Solana network so I'll be looking for more Solana memecoin in the future.

There is only one meme coin and that is Dogecoin as it was the first one. What you are seeing is developers are creating coins like dogecoin to cash the hype market. Those who were not able to join the hype when Dogecoin was dirt cheap are now investing in other meme coins with the belief that they would make good profits in the future. The first replica of Dogecoin was Shiba INU and those who have bought it are still stuck with their investment as it never made it to where Dogecoin is now in price perspective.

still do research first before buying altcoins. Moreover, coin memes will only move during hype. The first thing you have to look at is the developer and what breakthroughs will be made. Take Dogecoin for example, it can still survive for a long time now because the community really believes in this coin. Moreover, it is supported by Elon. different from other memecoins, especially new ones

Meme coins should be thought as investments that are very risky, and this is because you have no way to know if the meme coin will go up in value or crash, since it is not rare for a meme coin to gain massive success, while a meme coin that was released at roughly the same time and that has the same characteristics disappears without any chance to make profits for their investors, so people should do well to keep this in mind before they invest in those coins.

There are many meme coins in the cryptocurrency market. But among them we are most familiar with Dogecoins. Like you I also invested in this coin but long ago and even hold it for a long time. But I keep more meme coins for investment, they are BONK, PEPE, FLOKI. But I was addicted to Baby DogeCoin for a long time and even involved myself in investing a lot. As a result I got only loss from there.

Of course, investing in alt coins and meme coins should be done well before analysis and research otherwise there is a high chance of loss. As investing in alt coins and meme coins involves risk.

DogeCoins have been in the market for a long time and will continue to exist in the future.This coin is the most popular of the meme coins for me and most people.If we review the history of this coin, we can see that after Elon Musk tweeted about this coin, the coin gained a lot of popularity and increased in price.

Yes and No.
Of course it will depend on the person you are asking this.

For those who made tons of money by investing into meme coins, they will say yes it's important. I mean there are a lot of investors already who changed their life just by investing into meme coins. Of course luck plays a big role towards their success. For those who lose money, they will despise meme coins, and they might say "I hope meme coins didn't exist anymore. " blah blah blah. Many made their first millions by investing into meme coins, but there are many out there who lost their money because of investing into these meme coins shitcoins.

TBH, I lost money into meme coins, and as much as I want them to be removed, I always believe that there are still some meme coins out there that still has a use case to some investors. Whether they use them to transfer their coins because the transaction might be low, or they use it to donate to other people or whatever it is, meme coins are still useful, and kind of important. It's just that, there are many meme coins that turned out to be a scam coin thus, it changed how the investors sees it.

Many memecoins have recently been listed by major CEXs and caused their prices to increase dramatically, whales also intervened to push up their price. I agree that memecoins were manipulated and pumped up to create profits for whales, while many other investors lost money.

But from a marketing perspective: thanks to memecoins, many people knew crypto market, they joined just for fun, not investment, but then they became Bitcoin and Altcoins investors.

I think memecoin can be the best marketer for the crypto market  ;D

It's just something we need to try if we haven't tried meme coin investment in the category of Altcoins. You're right because they should not make it like how they are investing in other Altcoin that has some solid developers who have great idea for their projects and have updated roadmaps which will make their project alive and have a high chance to increased their alrcoin price.

Meme coins pump the most but these coins are the most risky. Of course research is important but few people realize that this meme coin will become hype in the coming days, do they really understand. Meme Coin's success can vary widely but is not guaranteed. Like DogeCoin, the name of the coin is still popular in the market due to Elon Musk. The future success of Meme Coin depends on several factors including market demand, adoption, hype. Invest money that you don't mind losing.  Make your own decision on meme coin invest, learn all about the coin then buy.

I still think that the existence of memecoins is important in crypto. Because we can't deny that memecoin also brings more beginners into crypto investment. Although they may have come initially because of FOMO, they eventually learnt and started to become great traders in crypto.

I have traded in memecoin. I even invested a little bit in memecoin. But I have never had a big profit in memecoin. But if it's a small profit then I get it very often.

I think memecoins are not bad, but it would be a mistake if investors put too much hope and capital into memecoins. The risk of memecoins is too great, many times greater than the opportunity, so investors should be cautious.
It will be more appropriate if capital is spent on good projects: strong teams, effective solutions, and famous partners and investment funds.

We can't stop them, they will buy memecoins because they like memes and hear people talking about memecoins. I hope they don't lose too much money on memecoins, so they will have more money to invest in better projects.

I believe that profits have a direct impact on our perspective. Memecoins are very interesting and have a very clear trend, it would be better if we approach them with a technical analysis approach because it is difficult for fundamental analysis to be useful with memecoins.

Any coins that are boosting the crypto market and make it more popular to others, is good and welcome as long as they are true to their investors and making effort to keep their promised and what they have told people in their roadmap. Because if they only make meme coin to confuse the investors and quietly stole their money, they are just like others who will gonna ruin the crypto market. That's everyone should be aware of this kind of fraud so that they can prevent themselves from investing not only in the meme coins but in the other altcoins as well.

In fact Doge initially started as a meme coin and gained popularity due to its humorous nature. Going forward, it is certainly contributed for numerous charitable causes and gained support from community. I am holding reasonable amount of Doge coins those I purchased during the bearish phase of market with the expectation that it might break its previous all time high (ATH) of $0.68 and reach $1 in the next bullish market.

I think meme coins were indeed meant to be a joke and for fun projects back then, far before the Dogecoin price soaring high because of Elon Musk's hype. It was created without a single bit of serious business and only as a joke. But now, I think the goals are already far deviated. Meme coins become a pump-and-dump mechanism that is used as a commodity to sell the belief that "people can get rich in one night." So now, people who make and jump into meme coin projects have a clear goal, which is far from only having fun.

Not in the moment but like you I have also invested or better call Have dogecoin in my wallet for how many months and I even use this for gambling , but yeah I have sold them all in much lower price.

But what does Memecoins doing in market now, I think they are more on pump and dump coins .

Personally, I don't see any fundamental value of Memecoins. But this market just started for like a decade? So who knows

No fundamental value its because this is just for pump and dump then immediately turn into scam. That's why its no sense to give any importance for this coin since we know that its reputation is somehow bad and to many scammers just take advantage of its fame.

Maybe later on this meme coin hype subside and it will be change into other famous thing that can caught peoples attention so people need to be aware with that especially if they are participating to much on meme coin hype since for sure just like other technology which been hyped for past years it will just fade out since many people will just find new interesting thing that can caught their attention especially on invest matters.

I do not think memecoin has strong use case in the crypto space because crypto space can exist or survive without memcoins. On the other hand, when someone is thinking of getting max profit from Memcoins so in my opinion it is nearly impossible or very rare chance that memecoin can return max profit to investors so they can be rich overnight haha! I personally do not invest in memcoin due to high risk becasue memecoins works on high pumping and dumping schemes that is why I avoid investing in memecoins

Honestly,  I believe memecoins are the kind of asset which make more damage than good to this ecosystem, unfortunately.
When cryptocurrency was a new thing and people within this world did not have so many bad intentions, memecoins like dogecoin were made or conceived as an innocent joke or parody to Bitcoin. It was no intention to profit out it.
Today, the landscape is completely different: behind most of the memecoins which try to hype up the people in the market there is a good chance to find a scam or an attempt to scam people.

I believe there is some value and purpose behind the existence of Dogecoin and Shiba Inu, but if we talk in net terms of the market, then I am inclined to say memecoins are no important and most of them just hurt the reputation of serious projects which seek to solve problems.
I would not advice anyone to invest heavily in memecoins, specially in new ones which came out of nowhere. At least Dogecoin has a long track record and precedents of pumping its price very hard when the community is hyped in the alternative coin season.

I think it is better that there is more meme coins instead of one because more will provide more opportunities to invest and get wealth. If we wisely choose meme coins then risk will not be as much as everyone is feared about meme coins.



I don't know why you sell early but I think long term investment can give you more profit instead of selling at lower price after short period of holding. I think not only meme coins buy all types of coins are risky but we have to cope up with this risk instead of leaving the profit due to fear of loss.

Not really that important at all but many people are into them which gives them value and a sense of present in the crypto-market . So I guess people have make them somewhat important .The interest in meme coins is increasing cause many have make a lot of profits from them for example pepe which makes many millionaires by just investing thousands into the project.

Damage or not, it doesnt matter! They would really be existing no matter what and since this is a free market on which no one needs for some permission on creating a new coin and launching it to public.

If we do really try to look around on how many coins that are being created every second or every minute then we can really tell that the trend is always on and not something that could die  anytime soon.
This is why as an investor then it would really be just that normal that you should really be that careful on what are the things that you would really be gonna tend to do so. Make out some wise decisions
basing up with your own common sense on how you would gonna approach things ahead.

Honestly, i've been dealing up with meme coins on which ive been trying out to find the next SHIB actually. Yes, its dangerous and something that pertains about more losses
but if you are really that wary and careful on dealing with up, you could actually make money with those initial pumps even if it would die right away after that.
There's money into it and this is why people are really that fond on doing so.

The market always has more losers than winners, no matter what token it is, even BTC and ETH, of course memecoins are no exception. We cannot expect that the majority of investors will make a profit, because profits do not suddenly appear out of thin air, that is the rule of this market. In addition, there are many fraudulent projects in each field: Layer-1, DeFi, GameFi... Memecoins is also a field with many fraudulent projects, it is no exception.

I see it positively that memecoins can have promotional value and attract investors to the market. Many people only know BTC and DOGE, they don't even know ETH or USDT. Even memecoins have created a whole meme culture in the crypto market  ;D

Memecoins that have high volume will be very important for CEX because they will list and get a lot of fees from transactions made. like some memecoins that are currently hype and have many communities, even volumes reaching $1B will be a good source of income for CEX. but for the crypto market it will just be a temporary memecoin hype and the crypto ecosystem will not be disturbed either. there are more memecoins that keep appearing and only a few manage to fetch incredible prices.

You’re not alone on that one. It’s really difficult and almost impossible to see someone who didn’t sell off at some point. Maybe unless they lost access to their wallet. Even if it were to pump right now, eventually you will tune out at some point because meme coins are really volatile and you do not know if the pump will stay or it’ll go back down. I would be really surprised to see someone who had access to their wallet back then but hasn’t sold their DOGE till now.

I think that memecoins are important for the crypto market, but not in the way that some people might think. Memecoins are not important because they have intrinsic value or utility, but because they have entertainment value and community value. Memecoins are fun, humorous, and engaging. They attract new and young users to the crypto space, and they create a sense of belonging and identity among their fans. Memecoins also generate a lot of media attention and social buzz, which can raise awareness and interest in the broader crypto ecosystem.

However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.

1. I don't support it, but I'm not against it, I'm just not interested in that market, I think that it's highly speculative.
2. I invested in Doge
3. I still have it, it did bring some joy, wow, a DOGE coin, how funny. But then I just wanted to sell it, but I didn't do that when it topped, and now I'm just waiting for the good moment to get at least some profit from it.

I support your point mate, meme coin where created for fun and the amount of coin in circulation are too much for the coin to be considered a coin for serious investment. those who invest in meme coin should be careful because there are several scam project out there coming from meme coins, and one thing that troubles me most is the ability of the coin to be easily manipulated. And the high volatility of the coin might bring loss to a newbie investor, however for you to be able to trade properly with such coins, then you must have your eyes fixed on the market to avoid losses.

It is only 3% meme coin that are good to invest,  the rest are shitcoins that is why people needs to be very careful when planning to invest memecoin. They are not reliable to invest,  most of them were created to just to scam people of getting money from them. Meme coins shouldn't be taking serious for investment, it shouldn't be consider to be an investment.  I also call Memecoin gambling coin because they are very much unreliable and unpredictable.

I appreciate your perspective on meme coins and the risks involved in investing in them. I agree that they are not suitable for serious investors who are looking for long-term returns.

However, I would like to share with you some information about GigaChadGPT, a new AI-powered chatbot that is based on a meme coin called $GIGA. GigaChadGPT is a rival of ChatGPT, an AI chatbot developed by OpenAI that can generate human-like text based on context and past conversations. GigaChadGPT claims to have superior alpha energy and more features such as chat with images, voice, and create images. GigaChadGPT is also backed by Sberbank, a Russian lender that is investing heavily in AI technologies.

GigaChadGPT is an example of how meme coins can be used for innovative and creative purposes, beyond just fun and speculation. GigaChadGPT aims to democratize access to AI and provide a platform for users to interact with various GPTs (Generative Pre-trained Transformers) that are customized for different tasks and domains. GigaChadGPT also rewards its users with GigaCoins for using the chatbot and creating new GPTs.

I am not saying that GigaChadGPT or GigaCoin are better than ChatGPT or any other meme coin. I am just trying to show you that there is more to meme coins than meets the eye. They can also be a source of inspiration, learning, and entertainment. Of course, they still have their drawbacks and challenges, such as scalability, security, and regulation. But I think they are worth exploring and experimenting with, as long as you are aware of the risks and do your own research.

source: https://gigachadgpt.io/
Tele: https://t.me/GigaChadGPTOfficial

CEX are Centerpoint for most of these memecoins that turns to be very promising. We have the legit information in the market, we keep steady milking of the system in all rounds, nonstopping to acquiring more achievements in the market. Cryptocurrency is the masterpiece we have to acknowledge if we're into the new generation of earning online especially from crypto. The hype will not quenched because there are numerous projects, some explore and others fails. Memecoins is the trending projects that keep the steady boosting of the system.

Yes, with the existence of memecoin, the market is becoming more active, so most members don't get bored quickly with the old bounty results. Over the last few years, memecoin has become the main discussion in the crypto space regarding the prospects of each new meme coin appearing. But not all meme coins have good potential, only a few can survive and create new billions, so the presence of memecoins has provided a new atmosphere on the bitcointalk forum.

We can not deny the great impact of some memecoins in the entire community such as pepe, doge, shiba and others

Memecoins are often backed by a community who are using the meme where the coin emerged from so you know that it will get some attention which is a good thing

However most of memecoins are created just for fun and are often considered useless or not really having any utility therefore when it is launched it does not really get any value well there are also a lot of altcoins out there that do not have much utility and do not get value after launched

Nonetheless i see no harm in memecoins it is up to ourselves to do our own research and make sure to invest only in potentially good projects

For me, there's only one memecoin and that is Dogecoin. The other memecoins are only copy of Dogecoin ot created based on Dogecoin. It's not really that important in my opinion but it did help bring more people on the market which is good enough. Memecoin is created for fun but because many people are using it then that's when the memecoin is more than just a coin for fun (Dogecoin). Other people are buying memecoin because of the hype of the memecoin but when the hype is down then the discussions are dying or the discussions about the hype memecoin are becoming less and less.

I agree with you that the GigaChadGPT is a different version of what a meme coin is known as, but how about the rest meme coins in market? The fact that very few are inspiring with innovative feature doesn't mean the remaining are ok for investment. Meme coins are to be dreaded and invest with care, since majority are just for jokes. I have read some meme coins white paper were the developers clearly stated that the coin was made not to be taken serious as a coin for  investment.

True, memes are quite important to the crypto ecosystem, though it's dicey to get it right sometimes in terms of memes but when you do, it can be rewarding. Here's the recent one I ventured into
https://i.ibb.co/0YDQvwj/1707073854114.png (https://ibb.co/h27CwqR)
url for an image (https://imgbb.com/)

I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?

Meme coins are useless which explains why many members of the community do not like them, at least when it comes to other altcoins you see the developers making an effort to create a project with a purpose that could perform a needed function, but meme coins have no function at all, so sooner or later the meme coin in which you invested will disappear, and anyone foolish enough to not sell their coins before that happens will lose everything they invested there.

Not because something is risky, especially in this industry wherein it is a normal thing to be encountered. Memecoin is a pofitable coin to invest if you happen to know how its market price move, if not 100% accurate, at least with price action. Indeed it is risky which makes more sense to say that it is only considerable to those who have experience of price action and volatility. But if it is market impact, then  guess it has no such thing. Coins which are having impact in this industry are major coins in the market simply because demand is more evident unlike with memecoins which are often just manipulated by big investors. As we all know, memecoins has no utility or particular usage. What makes the price moves is the hype created by majority of the investors and that comes randomly.

This memecoin is totally useless and risky because this year I got a lot of memecoins that I got by working on bounty. But all are false tokens and utter death. I want to leave the exchanges that list these bad memecoins. Because many people are losing their money as a result of investing in it. You should invest in good altcoins because we can get bullish market very soon.

Memecoins are very risky , many of them in the market are scam project, their are some memecoin that are profitable but it is difficult to get the good one that is why it is important to know that meme coin are not coin you need to rush into and it is not huge amount of money needs to be invested.  Meme coin are just try your luck which people don't need to expect much from.

Any field of activity where a huge amount of money is involved attracts scammers and speculators, whether we like it or not, we will always encounter projects that will disappoint us. Meme coins from a number of currencies that are simply speculated on, you shouldn’t count on being lucky in this transaction, but if you are lucky it will be a huge success.

Not all memecoins are useless, some memecoins are useful as they helped the cryptocurrency community to grow. Dogecoin has being useful for the growth of the market as it has brought alot of investors in the past and will also be bringing more investors and as the investors enter the market they'll know about other coins that have strong fundamentals and they'll invest into them. Many of the memecoins are going to be useless or aren't  going to be of good use to the market but not all.

Memecoins bring hype to the the market and they help to bring new investors too. Memecoins have their own role they're contributing to the market but we have many of them that are scams and this is the reason many individuals don't like memecoins. Memecoins can give investors profits very quickly when we invest in them when they're not popular yet but it's not every memecoins that we're suppose to buy.

Let it be, like what's happening right now. Because there are also many people ho are earning money from meme coins and make meme coins as one of the income to gain. Although it may also let some other people lose their money. but the case will depend on each person, how they are utilizing and optimizing meme coins.

Once I did it and this was a mistake actually, in previous bullrun because I was interested in Doge and too late to take profits. Finally it ends up by leaving the coins still in my wallet. But for other meme coins, moreover the hype coins, never do it.

I am not considering it as loss because I am still holding my Doge, so just let it be in my holding time.  ;D

don't just discuss how many people got rich because of meme coins but also look at how many people suffered losses because of meme coins. This is not a problem for those who invest in meme coins that are already popular like doge and shib because the risk tends to be lower, but this is about people who want to get rich by investing in meme coins that are not yet popular in the hope that they will become like doge and shiba in the future. they only think about the benefits they will receive without thinking about the risks.

​

I don't have anything against meme coins, as long as they aren't scams.  But let's be real - thats a big if! So many ride the hype train of humor and celeb shout-outs without actually offering real-world use or planning for the future.  Sure, some lucky ducks have scored big wins.  but for most folks, the 15 minutes of fame fizzle and they're left clinging to worthless bags of digital dust.

Personally I find the "lambo overnight" fantasies around meme coins kind of uncomfy.  Investing should be thoughtful, not fingers crossed that a viral tweet might jack up your portfolio.  But hey, to each their own.  Some folks have fun playing the hype cycles.  For me, I prefer coins with fundamentals over fleeting fame.  But who knows maybe I'm missing out on those sweet lottery gains.

"Lambo overnight" is just a fantasy, nothing more. I mean, it's possible, but it's a 1 chance in 10,000,000. If people want to buy stupid funny stuff and lose their money - that's fine, if they understand that. If someone is really thinking about getting money there - he has some problems. I just prefer to avoid this market.

Don't think meme coins have any much importance in the crypto space ,Most meme project are just out there for pump and dumb .They are mostly for profit making many have become millionaires investing in them. Personally have made alot by holding some doge coins a few years back but apart from that meme coins don't have much impact in the crypto market.

The Meme coin has made some people a millionaire today, Shiba Inu give me good profit return investment in a very short period of time, in which I bought Shiba Inu Coin worth of $50 after a some time I checked my wallet has increased to $3020 which I sold out and I was very happy for that. To invest in meme Coin is not a bad idea, but one have to know is a game of investment in which it can dipped at anytime and it can also pump at any time as time goes on.

Of course, I do. They've made the cryptocurrency market more exciting, though without them, the cryptocurrency market would still be as it is no, no difference envisaged in my opinion. But nevertheless, they are welcome developments.

Yes, I've invested in a few of them like, MEME, SHIB, DOGE, PEPE, FLOKI and more.

Well, in some, yes, but in SHIB, no. I've invested and gained in virtually all of the meme coins I invested in, to the point that my last investment in $MEME earned me more than double of my investment.

But with what I've lost in SHIB, it will take time before I recover it. I invested in SHIB in 2021 at that time when it was just getting ready to fall long-term. I suffered a huge loss which will take at least a year of good bullishness to recover and SHIB would have moved at least x4 of the present price before that will be possible.

Essentially speaking everything is worth it for this crypto market because here the investors invest and get profit which can be from any position. You can never avoid a good memecoin because there are profits too. If you are an investor then you should invest and reap the profits in any way you can. Many people have become rich from these memecoins that you should know.

Meme coins are important for whales and scammers because they help both of them wash their wealth. I have heard that black money has been injected into crypto by using meme coins; later, those funds have been reallocated to different projects, and you will never know the origin of the money. A lot of meme projects have been created for these purposes, and scammers are just using the hype to scam some greedy and new retail investors by launching new meme projects into the market.

If anyone is thinking of investing in Memcoins for high profit I would like to tell them that you can look for some good altcoins without investing in Memcoins and you will have a chance to get some good profit. Investing in Memcoins can't expect good profits so Memcoins now  I think it's better not to invest. If someone wants to invest in Memcoins and wait for a long time, I don't know if there will be any benefit.

Interesting! This is the first time I've seen a meme coin having some good project to back it up, if people find this interesting, the token will surely get some hype and have great growth soon.

However, there are a few things that I've noticed. The first thing was that the responses in the chat casually contain promotional lines for Giga which is understandable but it would be better if it weren't included in most of the responses. Another thing is that it doesn't have a web interface for the chat and one requires to chat with it on Telegram after a few messages. I believe it would have been better if it had a web interface for the AI for easier access for the users. Still, it's pretty good and these things can always be added and improved in the future.

1. I don't have any problem about the existence memecoin in of crypto market. Cause Memecoin won't force anyone to invest.  I read your references which are given in last part of thread. I feel that, its okey to have some opportunity for people who wanna take risk and become millionaire lol
2. Yeah. But not new shitcoin with lower marketcap. I would give preference to doge, shiba, bonk, pepe in this care.
3. Years ago, i have some dogecoin and made little profit. Memecoins actually makes you in tension due to its volatility

It would not surprise me at all if that was the case as well, after all even if the demand for meme coins are high among all the people that want to become rich with them, I would think there is a limited amount of times those people could get deceived by those projects and their funds must be limited as well.

But if those coins were used in this way this could explain why those coins have a high demand even when the bear market appears, but if that is the case then there is not much that can be done to stop those coins from proliferating and becoming even more numerous on the future.

its available for people to speculate about and it serves its purposes i guess, sometime the trend just come out of a sudden, making some random meme coin become popular enough and then it dipped for some moment.
i remember the time where doge coin as a meme coin that wasn't really considered to be a thing back in the early days having spotlight after elon mentioning it from several occasion and then people went crazy over it and then it reached billions of market capitalization.
thats the thing with doge coin in general, you just can randomly stumble upon some good opportunities and make grands out of nothing it is good for speculation but definitely not good for people with conscious risk management.

I do not deny that it is possible that many memecoins in the market are controlled by whales and scammers. However, even other tokens are similarly manipulated and financial markets operate in such a way that the majority suffer losses, in order to generate large profits for the minority. Memecoins are no exception to this necessity.

I have pointed out the positive impacts of memecoins such as media value, increased transaction volume and native coin burn, building a strong crypto community. I think we should have a complete view of memecoins: neither too positive nor too negative  ;D

Why not, i played around with the  100x coin a meme coin owned by Ken D crypto a crypto influence. That was when i fell in love with the idea of owning a meme coin as a crypto enthusiast.

I did invested in Doge, Shiba Inu and the 100xcoin indeed it did 50x for me because i did not hold it  more longer

My experience in the meme coin i had invested in then was nice. I made profit and no loss. Currently i am not holding any meme coin in my portfolio so i do not know how it feels to make loss.

How exactly do you expect someone to know which meme coin is good and which is bad? Meme coins are all the same when they are created, they don't have projects, they don't serve any purpose, they don't provide any utility to their investors, and they don't have an organic growth mechanism which every cryptocurrency has which is why they are always dependent on community hype to gain value.
Those who have managed to become rich from their investments in meme coins, however, this doesn't have to happen to everyone because it's just like gambling where you make a bet and pray that you win it so that you get some money on top of your bet if you lose it, your money is gone.

1. I support because meme coins are part of crypto and have their own investor base.
2. I don't know if I should say yes or not because I got it from an airdrop. what I remember most is bonk.
3. yes I got big profit because I got it free from airdrop.

I know memecoins are very risky and many people have lost in this project because of planing to make quick money from it and it have also benefited from memecoin. The problem people do have with investing memecoin is just that they go into it without understanding how much they need to invest and without making research on what they doing. They just have so much believe in memecoin that it can always pay them. If people should invest with caution it will really help.

The problem with those people is they are trying to get more larger gains and they expect a x1000 profit for each meme coins they select to invest.

But they fail to realized that its risky for them to hold any of it since as usual this type of tokens will just play them and make them believe that there would be more and suddenly the price dump then they are left behind helpless for another scam made by those crazy devs.

Meme coin is somehow a good option for investment but people need to know that this is only for short term and they should never think about getting to the point that they became so greedy since for sure all will end up not in favor on their side.

I can't say meme coins are important in the crypto market.
because I think criptocurency members already know and understand better, which is good and which is not.
I also can't suggest the best memecoin of my choice.

The era of meme coins is no longer shining, and I agree with you, friend, that instead of continuing to rely on meme coins for investment and getting high profits, it would be wiser to do so on potential altcoins which will clearly provide high profits. If I think that investing in meme coins for a long time will actually mean that the funds we invest will be lost without value because the meme coins may no longer be on the stock exchange.
If you want to speculate only for the short term, I think that's fine, like currently when Bitcoin is increasing, which will also provide encouragement to others.

Yo, are memecoins legit crucial for the crypto game?

The crypto scene's heating up again, with Bitcoin flexing at 49k USD and tons of altcoins busting out of the crypto winter. Memecoins ain't sitting on the sidelines either; they're riding that recovery wave hard, popping up left and right like nobody's business. And let me tell ya, the memecoin frenzy ain't slowing down, man. Folks are chasing those life-changing gains, hearing tales of peeps striking it rich with DOGE, SHIB, and PEPE, got me itching to dive deep into the meme world.

So, what's the deal with memecoins? Well, they're like the crypto version of memes, injecting some humor and excitement into the whole crypto scene. But unlike your usual financial stuff like stocks or bonds, memecoins are strictly crypto-exclusive, adding that extra spice to the game.

And let's not forget about the power of humor in handling the crazy rollercoaster ride of crypto volatility. When prices start going bananas, people turn to memes to lighten the mood and ease the tension. It's all about poking fun at ourselves and finding some comic relief in the chaos. And from those memes, new memecoins are born, baby!

But memecoins ain't just about laughs and lottery tickets; they're packing some serious value too:

They grab eyeballs: Memecoins pull in the crowd's attention, bringing more peeps into the crypto world.
Super easy to get in: With low prices, memecoins welcome newcomers with open arms, breaking down barriers to entry.
Price hype: Their wild price swings can send 'em to the moon, fueling that investor optimism and stirring up some serious FOMO.
Burn, baby, burn: High transaction volumes mean burning those fees, shrinking the token supply and keeping those prices up.
Even the Avalanche Foundation's throwing down in the memecoin game, showing they ain't just some trash floating around the market.

Man, I feel ya on missing out on those DOGE gains. Bought in back in 2018, sold too early in 2021, and now kicking yourself for not holding onto that sweet x280 profit. Sometimes, the universe just ain't feeling the DOGE vibe, ya know?  ;)

That's absolutely correct on the conclusion of your post reference of truck driver become a millionaire over night, for investing Doge Coin and is Meme, like wise Shiba Inu and other meme Coin, actually investing meme Coin is a good one and more profitable and very high risk business to invest on, while holding.

Although they were extremely special cases, I believe these events contributed to memecoins becoming popular in the community. Many people come to crypto because they heard friends and relatives talk about memecoins, many people have also invested in memecoins and other cryptocurrencies.

However, we must not forget that every investment has risks, so do memecoins even though they are created for fun purposes. I hope that investors can manage risks well to continue to survive and earn profits in the crypto market.

top 20 in 2014:

Bitcoin, Litecoin, XRP, Peercoin, Nxt, Omni, Dogecoin, Namecoin, Quark, Bitshares, Primecoin, Worldcoin, Megacoin, Infinitecoin, Feathercoin, Novacoin, Tickets, Devcoin, Ybcoin, Mooncoin

You can look at the top 100.

https://coinmarketcap.com/historical/20140126/

It doesn't matter what good, serious, and promising projects they all were. After 10 years there are only those that have the support of a community, Bitcoin, XRP, Dogecoin, and Litecoin.

its really good for speculation to be honest the price swing was massive too in the early days, tonight it dumps tomorrow it reaches all time high just overall the scene that I remember when meme coin was still at early stage and there are many emergence of meme coin that follow exactly just that cycle, i've known many of my friends that are avid meme coin investors and they are all always trying to find some new meme coin to repeat that same history again in case they can become millionaire overnight.
frankly speaking though, it might not be a really good investment once it hits certain market cap and might not be ideal for trader when it hits billions of market cap since the price is usually stabilizing.
but overall i see no difference between altcoin and meme coin in term of price fluctuation.
overall its all the same fluctuation suited for speculation even more so for trader that trades short term, always remember though meme coin is high risk trades or investment.

Am not against the continues existence of any coin in regards to crypto but am not a good fan of all this coins that are not bitcoin, despite how expensive Bitcoin is I will always advise a newbies to invest in bitcoin instead of going for altcoin because I believe altcoin is mainly for those people that already have a good knowledge of crypto that knows how to identify scam easily not a new person in the system that does not know much about crypto and bitcoin in generation that can be deceived with over speculation and hype, be it memecoin or any other coin, if you are a newbie be careful if you find interest in any of them.

Memecoins can attract attention and new participants to the crypto market, contributing to increased liquidity and trading volumes.   ;D some people just buy meme coin for fun then they make a lot of money from it and pump. their friend, their family know about crypto. :D

Yeah, the existence of MEME coins on the market it’s seems a good vibes for the market because so many new investors entering in crypto that's market is going big. If you considering a few MEME coins total marketcap it’s absolutely unbelievable as like DOGE,SHIBA & PEPE those are billions dollar of project. So i don’t think it’s a bad for market, if you don’t want to invest that's fine, no one force to invest here.

I understand this and believe that investors should allocate at least 50% of their capital to BTC because BTC is the safest and most valuable asset in the crypto market. Alternatively, ETH and top cap altcoins would be the next option with slightly higher risk but higher profit potential. Memecoins created for fun purposes should only be invested with fun money, although many people have become rich by believing in memecoins. The opportunity to receive huge profits from memecoins can help investors balance their emotions in the investment journey, like a person suddenly receiving a prize from a lottery ticket.

I believe Dogecoin is the original meme coin, and others are just trying to ride its wave. People who missed out on Dogecoin's rise are now investing in similar coins, but they haven't seen the same success.

Yes, a small number of people buy meme coins with the aim of having fun and making a profit, and the majority of people want to buy meme coins with the aim of making big profits in a short time but they actually get losses. Meme coins are basically created just for fun, so invest a small amount of capital and forget about it.

I think DOGE is the leader of memecoins, and it has a unique position that deserves to be in the top 10 on Coinmarketcap. Other memecoins are also quite interesting, such as FLOKI or PEPE, but they have not yet reached a large community like Dogecoin.

A big competitor of DOGE is SHIB, it is also very popular and is currently developing for Ethereum Layer-2 solution and DeFi. If SHIB can do this, it will be an impressive development as it was originally just a memecoin created for fun. SHIB is also listed on Upbit, it has been pumped quite well in the past time.

I like the competition: competition is good for the development of both DOGE and SHIB.

You don't see the same success? what about people who invested in SHIBA WIF and SAMO, and of course invested before these meme coins were popular. Doge may be a meme coin that is a pioneer for other meme coins, but success does not belong to Doge alone.

The crypto market offers opportunities for all tokens, meaning that DOGE is not the only memecoin with value or worth investing in. The strong growth of SHIB, FLOKI, AKITA in the 2021 uptrend and the recent rise of PEPE, BONK, and WIFI reaffirm the diversity of the memecoins trend and the entire crypto market.

However, I also think that each person has the right to have a special preference for a token, for example, I may be particularly fond of BTC, while you are particularly fond of DOGE, and someone else is particularly fond of SHIB. We have our own opinions and can invest in any token we want!

I'm not a meme coin hater just hate the fact that they are so many of them and scammers often use them to scam the crypto community and such news affect bitcoin in a way or two. Meme coins might have in a way or two brought some persons into bitcoin since they spread quickly but often also leaves some in losses since they are far more volatile than other alts and have great tendencies to crash quickly.


Seriously bro, the only optimism I see is that of getting quick profits from meme coins, they have no real utility and are just created for the purpose of giving huge returns and making quick profits, it's like a gamble. So yeah lots of young people woudl be highly inspired by it.

I don't know what should i answer! if i should support memecoin or not. Cause it has negative and positive both sides. Negative side is, people have lost their money for memecoin hype or for sake of become rich. Memecoin scammers make many people helpless and these innocent people have negative thoughts about crypto market. But the positive side is memecoin makes many people Millionaire as well rich enough. Besides memecoins can make themselves pumped in bear market that attract people to Crypto market. Yeah I already invested in memecoins. my feelings was neutral. Cause profit and poss are kind of same

I think that the presence of memecoins in the crypto market is very disturbing because so many memecoins do not live up to expectations, memecoins do not deserve to be in the crypto market, but not all memecoins are useless because there are still some that still survive and others are just shitcoins. and I never invested in memecoin because I'm not interested.

Despite their are so many memecoin in the market that are scam I won't say they are useless because their are some memecoin that can give profit but one needs to be careful when it has anything to do with memecoin coin. Memecoin are very risky and I think it shouldn't be what people needs to take very serious to invest. I mean memecoin shouldn't not be people need to invest all they have, but with the amount they can afford  to lose.

In reality, everything has both positive and negative effects on us. Every token, including BTC, creates losses and profits, it all depends on the experience and decisions of the investor. Memecoins are riskier than other tokens, and most of them have become worthless shitcoins.

We can focus on top memecoins like DOGE, SHIB, PEPE to see more clearly the positive effects: crypto is promoted and has more potential investors because their prices are very cheap and people can own a whole token instead of 0.001 BTC. Avalanche Foundation has also invested in memecoins to support the development of the ecosystem, I think memecoins have the right to be treated equally with other tokens, especially when they also bring positive values to the development of the crypto market.

I do support meme coins and I think meme plays an important role in the crypto world.

Some of the top meme coins (https://phemex.com/blogs/top-meme-coins-100x-2024) I have purchased or I will purchase:

(please let me know if you other thoughts)

• ConstitutionDAO (PEOPLE): A DAO initiative that raised over $42 million to buy a 1787 U.S. Constitution copy, demonstrating DAOs' potential despite losing the bid.

• Shiba Inu ($SHIB): Known as the 'Doge killer,' Shiba Inu ranks 15th among cryptocurrencies, with its Shibarium network enhancing transaction speed and cost.

• Pepe Meme Coin ($PEPE): A token inspired by Pepe the Frog, popular for its vibrant community and presence in social media trends.

• Scotty the AI ($SCOTTY): An AI-enhanced meme coin focusing on crypto security and fraud detection.

• Dogecoin (DOGE): The iconic meme coin with substantial community support and widespread acceptance.

• Smog ($SMOG): A Solana-based token aiming to differentiate through significant airdrop strategies.

• Sponge V2 ($SPONGEV2): Combines high staking yields with a play-to-earn racing game for its holders.

• Frog Wif Hat ($FWIF): A new meme coin targeting investors with its whimsical theme and potential returns.

• Meme Kombat ($MK): Features a battle arena for iconic memes, offering entertainment and investment opportunities.

• Poodl Inu ($POODL): A dog-themed meme coin with high staking APY, targeting investors in the vibrant meme coin landscape.

• ApeCoin ($APE): Offers governance features and is associated with the prestigious Bored Ape Yacht Club NFT collection, marking a shift towards utility in meme coins.

But does it matter if your coins is still in the top coins on coinmarketcap, what matters is whether you made profits from your investment or not therefore if you can make profits from memecoins and change your life story as some individuals are doing, why not follow them and try your luck but don't invest more than you can afford to lose as memecoins investment are more  as gambling than investing as you don't know what the outcome will be and you'll most likely lose your money.

Most Memecoin projects are pump and dump scans this is the reason you're more likely to lose your money when investing into them therefore if you don't have the ability to let go of your loses don't chase after memecoins and invest into fundamental altcoins as Ethereum that won't disappear with your money but will be active in the market in all conditions developing their Blockchain to make it more better..

I think PEOPLE is the token of a leading DAO project in the market, where holders can vote on proposals within the network. I think it is a serious experiment in DAO in the crypto market for other projects to refer to and learn from.

SHIB is also moving in its own direction towards DeFi and Ethereum Layer-2, perhaps we will soon mention SHIB as a potential project related to technology rather than just a memecoin.

The goal of investors for each token is to generate profit, not just memecoins. I also think that DOGE has affirmed its value in this market when it is constantly in the top 10 and receives investment cash flow.

Even the Dogecoin chain can completely carry value like the way Bitcoin is being used because their technology is quite similar. Litecoin has failed and been forgotten by the community, but Dogecoin still has a very large community. DOGE can completely be the currency of the internet with a cheaper price and lower transaction costs than BTC.

Well I don't know if I will support memecoin or not, reason been that their are a lot of people who invested heavily on most of this memecoin hoping to get profited from the investment they made, but they end up regretting, reason is because it didn't work out the Way they expected.we need to be extremely careful when investing on memecoin because this memecoin is unpredictable sometimes I know a lot of people benefited from investing on this memecoin, but that doesn't give any guarantee.however i will advice when making investment look for a profiting coin to invest so as to avoid losing of money.

Irrespective of the fact that we have more of shitcoins coming from memecoins, all coins category of coins have their lesson to teach. To my best of knowledge, for meme coins it teaches a discipline to make concrete research and get to the market early. It also teaches one to focus on the market  due to its high volatility.  Many investors venture into meme coins because of its high volatility but in as much as that could make you rich in a split seconds( sarcasm) it can also cause you losses in that same rapid dump.

Experience and lessons are always available everywhere for those who really want to improve their individual understanding of the crypto market. Memecoins are a bit more special because they are cheap, investors can easily own millions of tokens, their purpose is just for fun and hype, so most of them don't need to have a good story, a good solution or good tokenomics, and in fact investors don't care much when buying memecoins. This has made memecoins popular and famous, creating a lot of profits and losses. But the losers had to pay for an unhappy lesson.

Memecoins are gradually becoming a concern of many ecosystems, they will soon be carefully evaluated to help the investment community avoid worthless rug-pull or scam projects. I hope that in the future memecoins will not be associated with the negative things in this market.

And this same reasons you pointed out i exactly why a lit of them end up as failures, they are just fun fare tokens created to do what full the space, don't get me wrong I'm not against them but I hate when things get abused which in the crypto space we see a lot of those, scammers easily use memeckims to steal funds cause they dint need any complex whitepaper and their audience are those looking for huge gains which are those that mostly invest in meme coins .

The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins.

Actually that's true because meme coins were created just for fun, meaning investing in meme coins is just for fun. but what happens is the opposite because many people actually have too big hopes for meme coins, and their hope is that they want to make big profits in a short time. This hope also makes them forget about the high risks in this investment.

Absolutely correct mate, the reasons we have more of scammers in memecoin is because we have more of Investors looking for a way to make huge profits within a short period of time. Most of these investors lack patience and have greed that why they end up in shitcoins. And newbies also make the mistake of entering into a project because of hypes from social Media and crypto influencers without them looking deep into the coin. There is no doubt that Bitcoin is the best coin in the network, it's reputable, and trustworthy. If you have patience enough, you'll benefit from Bitcoin investment.

memecoins are for fun. it's supposed to make regular people come into crypto by having meme fun. of course they are scams but it helps spread the word. but its how important its role is in crypto market.

some lose their money and some win big which is kind of cruel when the bear market makes them cry.
anyway, this is how it would look like when you lose all your money on memecoins and have to get a job:

https://twitter.com/LilMoonLambo/status/1770559165548650530

All tokens, including BTC, create winners and losers, or profits and losses. We should not blame memecoins just because they cause losses for someone in this market.

We invest in memecoins with the purpose of making a profit, but it would be naive to believe that we will never face losses. Memecoins are created for fun, not with the mission of making all investors rich. When we understand this, I believe that investors will manage their capital more effectively, not all-in on memecoins, or at least will be able to accept losses from memecoins.

For me, memecoins have done a great job of creating excitement in the market and attracting new investors to crypto.

Many individuals are having high hopes for memecoins as the stories of some random individual making life changing gains are every where, some memecoin has made many people millionaires but it has also made many Investors to lose money but this isn't the fault of memecoin are memecoin are a joke but weren't taking them to be a joke but using them as real investments therefore many individuals are putting too much money that they can't afford to lose into Memecoins.

Alot of scammers are also taking advantage of the hype on memecoin to launch memecoins projects that they'll only get pumped and dumped on new investors. Memecoin are being in a part of the market and they'll be around for sometime therefore we should accept them but know how to avoid them and not get tempted to invest into every memecoin that we see as many of them aren't worth it.

but it seems like now everything is different. there is a post that says there is a meme coin that managed to raise $32m in presale. That's a huge amount of funding and I think it shows that nowadays most people no longer see meme coins as just a fun destination, but as a promising investment.

Memecoins are not to blame, the fault lies with the scammers who created them. What's even more scary is that they are everywhere and the cost to create 1 trillion tokens for a new memecoin project is only about a few USD. I don't think we should blame the victims, who invested in memecoins and lost money because of them, but I think investors themselves also need to be more cautious and control their risks better. All-in on a memecoin is not a professional investor's decision.

Memecoins are doing their job well, and like all good things, they will be abused by bad actors. We can either ignore them, or participate with high vigilance and the capital that we are willing to lose!

I personally believe that with meme coin the only thing you should research is the smart contract code whether it have malicious or a back door where the dev can rugpull you and thats it, most of meme coin that become big usually just suddenly sky rocketing in term of price disregarding any economic principle they just suddenly got support of many people and suddenly become big and thats it as much as ridiculous it is but usually with meme coin you don't do research, you just find the hottest meme coin in the market that are still low in market cap and then you just try to gamble your money investing in that shit coin hoping that it'd become big.
but we all know the chance of that from happening is kinda low so you should ready big shelves of dollars just in case if you're so eager to invest.
other than that, buying when the market cap already reaching about $100 million market cap usually the coin might go up until it got listed in best reputable exchange then it slowly going down, then again the odd of winning with shit coin investment is ultra slim.

Not really, they're called meme coins for a reason. They don't have a utility outside being just a token and their value is only decided by the people that believe that they've got a value, it just so happens that a lot of them see it as a way to troll other investors so they flock on that one specific coin and so they end up artificially making the price grow, it's probably the reason why DOGE coin is so valuable, because people are so fond of trolling and at the same time believing that it's going to go up in price that it did eventually and it's constantly growing even more so. Memecoins are just like any altcoins out there, it's risky and even though the potential to hit it big is so high, you can never be too careful because there's thousands of them that aren't going anywhere and those that make someone a millionaire is probably only one of those coins so when you're risking it, do be careful when you do it.

One other thing about meme coins is that, since an investor can easily buy millions of memecoin, they can be easily manipulated. Just like what Elon musk did to dodge coins same can be done to all meme coins. Investors could even come together and decide to just buy lot of meme coin to manipulate price to enhance profit for them self, and after they start selling, the price will begin to dump rapidly. This is why meme coins are unlike other coins, and their infinite value is what make it less of a coin for long term investment, as they will not appreciate in price for too long.

It is true that most memecoins are created for fun, but gradually, some have become really successful, have large communities, and are accepted by some payment services, such as DOGE. Some others have their own direction, such as SHIB with DeFi and Ethereum Layer-2 solution... But they are still mentioned with fun, excitement, and novelty in the market, especially because they have low prices and investors can easily own thousands or millions of tokens. I think these are their greatest values: helping to promote crypto and attract more potential investors.

I also agree that memecoins are a high-risk investment because most of them have disappeared and caused investors to lose money. I advise everyone to only participate in memecoins for fun, with fun money, and be ready to have fun when they make a profit or lose money.

I don't like memecoin at all. Cause memecoins are become the primary source of scam and Scammers are using memecoin to trap people and take their money. Although others shitcoin also do same. But without meme, maybe cryoto industry looks fine. Yeah i bought many Memecoins and that's why i experience that for bad those are. Only doge grows continuesly and rest if coins turn into shit. There are many Memecoins, dead in my wallet. although its true that this year many memecoin become hit and made people millionaire

Suppose you put your money in a coin with the logo of a frog, a dog, or any of the funny drawings, and you find thousands of investors who cherish the currency's logo in humorous memes and funny clips. In that case, this humor can alleviate the major psychological factor that controls any investor in the financial markets. Therefore, I agree with what you mentioned. Also, greed makes investors not care about the risks these meme coins may pose during their sharp fluctuations. Frankly, although they are currencies created for fun and humor as one of the factors for their spread, if any holder of these meme coins is exposed to the loss of his capital, he will feel a bad sensation, and his fun will turn into misery.

Whether I support it or not, these meme coins have become one of the attractive investment sectors now for investors. They have gained popularity and a huge market cap so that they will remain present, and each person has a personal decision whether to invest in them or completely avoid them.

although the risk of investing in meme coins is quite high but it is an important part of crypto currency because meme coins are driven by the community even so I think meme coin adds importance preventing the crypto world from becoming more boring which is literally like a joke made into a crypto coin even though meme coins are not so develop.

Memecoins are very risky, many of them on the market are fraudulent projects, there are some memecoins that are profitable but it is difficult to get good ones. Other memecoins are just copies of Dogecoin or based on Dogecoin.so be careful before investing in memecoin.

No they are actually detrimental for the market.  It breeds scams and promotes useless projects.  Eventually these hype machines will all be in the graveyard likely with the people who invested in them.  It's holding back and delaying good projects and will.lead to a lot of people that turn away from crypto because they got burned.

1. Yes, I really support the existence of memecoins in the crypto market because they are able to compete with well-known altcoins. and many memecoins still survive today.
2. yes, I invested in memecoin, I still hold Dogecoin and Shiba.
3. It's really impressive when memecoin can increase beyond reason. and has given me huge benefits.[/list]

People may earn millions from memecoin once they come in trending position. But they can't keep their momentum and fade away slowly. This may scare away new investors from overall crypto market as they bad impress them & make them think crypto as scam things. So this will hamper good & legit projects.

No doubt all is important which keep investors busy, and they are able to took advantage of them as well with recently we are having good things due to these meme coins because few are taking profit with few are also on lost which is part of this all I invested in Dogecoin which was good for me but after this I invested into Shiba Inu, but this was not good for me, so I regret about this just because of this I change my strategy and now having just Bitcoin as my first priority as I am having my 65% investment in Bitcoin with all others having just 35% specially in just few like Ethereum, Litecoin and BNB because I have been feeling these are also good for the investment.

1. I support the existence of meme coins in the crypto market because meme coins make the crypto market even more lively. Apart from that, meme coin investors continue to increase and I think this will have a positive impact on the crypto market.
2. I invested in Doge and Shiba. I made a short term investment because at that time the hype for these two meme coins was very high and I thought that in the near future the price of both would rise.
3. yes I get profit from this investment. The profits are not too big but I got them in a short time.

There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.

With the advent of meme coins, the market no longer moves as it used to because greed compels many investors to invest in meme coins. As a result, many good altcoins fail to perform as expected. I don't like meme coins because I don't trust them. One harsh truth about meme coins is that those perform well have a significantly higher ROI compared to other altcoins, but the risk is also very high. This high ROI attracts investors, and those with extra funds are not hesitant to take the risk.

Talking about meme coins, I think only Doge is good among other meme coins. I have no intention of investing long term in meme coins. i use doge only for gaming services or sometimes try my luck in the lottery and nothing more than that.

As for me memecoins are distractions in the cryptocurrency market because if memecoins were not existing then by now bitcoin would have reached $100+k or even more but because of the memecoins people are diversifying their investment and splitting their investments across the memecoins and if those funds channel to bitcoin then boom us the name. If you invest in memecoins for a long term, there would be a problem and if you invest in short term there would be a problem so it is always at the investors risk.

memecoins are offered more to the social media for new investors coming into crypto. most of us here in the community only tries memecoins for the purpose of earning a few bucks and then try another memecoins to get more sats.

it does serve some purpose in some ways after all the goal is for adoption of crypto and starting in memecoins seems to be working. it wasn't so important but seems to be allowing people into crypto.

I think meme coin helps crypto grow or pull some investors into crypto space.
Good or bad publicity is still publicity, and meme coins are being promoted in so many social media platforms for airdrops or for fun.
It also helps other trader to gain profit, because of its volatility, but we also shouldn't ignore the potential risk on investing in it.

It doesn't evem make sense you were only generalizing meme tokens here.

https://i.postimg.cc/DZX7HxG9/awgbdrs.png

Do you actually forget this? As of right now, almost 2.4 million tokens are available and these tokens have been released to the market. Out of the thousands of cryptocurrency on the market, there will always be a few that are genuine. It has nothing to do with shitcoin tools. You seem not to even be aware of that. Shit tokens are becoming a common tool to turn a destitute guy into a fortune over night.
People were making huge investments in it since they thought they would one day become very wealthy. Memes have obviously been doing really well thus far. It has managed to amass over 60 billions in total market capitalization in spite of several accusations.

The number of investors in what some deemed to be worthless tokens is astounding. Nowadays, institutional investors are beginning to purchase the garbage tokens as well.

You have to know whether the trend is moving slowly but certainly. Those coins that have been trading at a very high price are not necessarily reliable. That will be really detrimental to you.

Good for you.

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today. I mean, it is made without a purpose and just lives with the hype and how investors will react to the demand to boost it more.
It's nice that it's sold cheaply but still, the possibility of becoming dust is there. So, would we really risk our little money for that? Be could buy some satoshis and keep it, try to accumulate more with our little earned money but trusting a meme coin will probably not be wise for long-term holding. I did buy a meme coin before but it didn't take long until I sold it back with little profits. I think it's best to keep it that way, to earn money in trading in a rush while we are monitoring the market.

In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype.  Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.

Memecoins are good and bad at the same time. It brings new users and liquidity, but it has mostly zero value for the ecosystem. Some people earn money, some people lose their money and leave the system.

It is difficult to gain profit value with a thorough understanding of meme coins that do not offer some use with unclear benefits that turn out to be not good to keep for the long term, with little profit value obtained  just as aimless hype it is difficult to get the expected profit.

Despite the hype and the popularity that these meme coins brought to the crypto space, still doesn't change the fact that these coins are not built for long-term investment but just for short-term deals. Or potentially reliable.

I won't say they are totally not important because for some reason this also gives a chance for investors to earn money while participating in the hype. But because the majority of meme coins are scams (and turn scams) this won't convince us that it was made with good intentions and that people will still be okay without them than losing their money.

Everyone has freedom in the crypto space, including coinmeme which is currently a trending topic on the bitcointalk forum. Yes, maybe many people don't need meme tokens, but the presence of memecoins in the crypto space has created a new atmosphere, many people know that a joke token can give big profits and many are also trapped in losses, so there are many variations that we can take with the emergence of this coinmeme.

Investing in memecoins is very risky. Chances of profit after investing in memecoins are very low but suddenly after pumping some time it goes to dumping and as a result the investors suffer a lot. We must be careful before investing in memecoins.  Try to stay away so that money is not at risk after investing. If we want, we can find some good coins from altcoin and invest. Investing in altcoins does not have much chance of losing money.

I mean aside from bitcoin and maybe ethereum, I do not think that anything is important for the crypto world, doesn't feel like it would be a must. Memecoins are of course not important at all, all the things they claim to do for the market was done before the meme ones to other stuff, they are not brining extra new money, and even if they do, then it is a small amount that is insignificant that would not be missed.

All in all, I believe that we should not be really considering them as important at all, we should consider them as something that is useless and just happens to be a bug in the system. They do hurt a lot of peoples economy as well, their price gets inflation by few tokens at start, and then crash when all the tokens are released, making people lose money hand over fist.

Meme coins are part of a type of crypto whose trend always attracts public attention with the incident of Elon adopting the DOGE coin. From this incident, the coin meme trend became a lot of new coin memes emerging to this day. Coin memes are always the subject of controversial discussions, but make no mistake, coin memes have a large community that enlivens the crypto market

Memecoin is very important for traders reason because some memecoin can turn one into a millionaire in a twinkle of an eye and I believe this is the first reason why it's important in crypto market, people who do not investment and wait for a short or longer period of time only trade this memecoin, though they are risky and the chance of identifying the one that will do well is very low and again most of the people we hear they hit money in crypto are people who trade memecoin cause investing in Bitcoin, one will have to wait for some time and Bitcoin investment requires patient and some other things.

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

The advantage of memecoins existance in the market is

It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Disadvantage is we all know that most of them are scam so it will be unfortunate for new people in the market will encounter such unfortunate situation since we might see them lost a lot of money for believing that memecoins could bring a lot of money to them, but its bad that the scamming is the one they experience from those memecoins.

People need to know that memecoins is so risky so invest only what they can afford to lose.

I think meme coins are not very important for the crypto market, many other altcoins in the market have given many real advantages such as ETH which is the strongest, meme coins are just a game and a joke made in the crypto space. With so many meme coins appearing in the crypto market, almost polluting every market without any certainty, many people are tired of the current existence of meme coins.

Some of my friends got to know crypto because of the hype of meme coins. Meme coins usually have a strong community and therefore they also diligently promote them on social media. Compared to cryptos like Bitcoin or BNB which have many technical aspects, meme coins only offer to buy and wait for the price to rise and make a profit. Because of that, people became interested and after that they became aware of other cryptocurrencies that had more real use cases than meme coins.

Memecoins are exactly how you mean, but it is not true for just any coin. All those others, bnb, sol, matic, ada, and many others like that are still quite important for the crypto world and they are not that small. I am not saying that they are the only ones that matter, but I think it is quite important to realize that we are going to end up with something that will take a while, and we should be careful about it.

I personally believe that the best thing to do right now would be just focusing on how to grow, and that means we are not going to get anything that will change stuff too much, and in that situation I feel like we are going to actually make a good income from it if we know what we are doing, will definitely help you in the end.

Welcome to this new generation!

You’d notice that a lot of useless things can gain money nowadays as long as it gets people talking and interested. Just look at NFTs for example, many bought it not for its utility but just because they wanted to own some artworks even if it isn’t physically. I never really understood the point of nfts but if people like it and it gives them profit then who am I to judge?

Whether it is important or not, memecoins have dominated the crypto market during the beginning of the year until today, meme coins continue to appear every day with a 3x increase from when they were first marketed. Many people think that the emergence of altcoins in the crypto market has changed investment patterns from altcoins to meme tokens, who knows what is happening in the crypto market, maybe there is a big plan for meme coins to dominate the current market.

It's crazy, we all keep talking about how meme coins are doing well but not how many meme coins have rugpulled since the beginning of this year alone, the messed up case is none of these meme coins have solid team, they just come and shill their nonsense and people who want to get rich quick rushed in, meme coin is a game that needs to be played well or you will be sorry at the end of the day.

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

It is a matter of choice like some said, and that's why some developers are taking advantage of many people, since they can turn to millionaire in week of investing in meme coins only.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

meme coin's can not be legit it's old or new this is doesn't matter, now you can say that how people's got profit's 100x or high, exception can not be example, like shiba and doge was exceptional and those given another level of profits but thousands of meme coins in market and mostly looks high risky and those will be dead in the long run.

Memecoins are going to get bigger and bigger, and they will eventually become the majority of the overall market cap for crypto.

Depending on what you consider a "memecoin" (I mean, for most consumers, Bitcoin itself is really just another meme and nothing else), memecoins are already perhaps 25% of the market.

But what is really going to blow up the market for memecoins is Haypenny and things like it: a solid, easy-to-use platform for consumers that is safe and makes leaves a memecoin founder free to concentrate entirely on their meme and not mess around with the technical platform, systems, whitepaper, etc. etc. All a memecoin founder should need to do is promote their meme.

And I envision that we're going to have an explosion of memes, and they will get more popular, and the market will get much more vibrant and mainstream than it is today.

Today, the market is held back by technical failure and fraud. But we're fixing that :). Once the average consumer can go to a marketplace and safely and quickly bet on a meme without fear of anything besides the meme becoming less popular, the market will get 10x bigger than it is today: $10 trillion.

The same can be said about new projects with utility, especially the part about waiting years for them to shine through ;D Memes just spark and die out faster, usually.