Bitcoin Forum

Hey everyone, happy new month! Since the beginning of the year, there has been an impressive rise in memecoins, and despite some disapproval, many of us have profited. Some time ago, I started a thread discussing memecoins with utilities, and they were diverse views on the matter, but let's put that aside for now.

Here's another piece of news that caught my attention: the first physical memecoin conference, set to take place in Lisbon, Portugal. It's quite far for me, so I won't be attending, but for degens, it could be a valuable experience. You can connect, network, and of course, enjoy the party. What do you all think about this? Could it usher in a new era of memecoins?

https://cryptorank.io/earn/quests/memecon-conference-raffle

If most memecoins do not step up their game and do not try to include utilities and/or create unique features that could elevate their coin, then I am afraid there will not be much progress to make.

A community is a good thing to have especially with memecoins whose success must be kick started by a strong community. The conference can also be a way to establish new  investors and attract more. I hope those who will attend learn a lot and have fun!

A valid meme currency should have an active and transparent development team that is responsive to the community and committed to the growth of the project. Meme Coins will definitely thrive if it has a good community. But still this currency has not improved. High returns can also mean big losses. Meme Coin is a risky investment due to price volatility. Community driven projects can also lead to pump-and-dump operations when the value of a currency is artificially inflated before it falls losing investors.

All these to try to prove their legitimacy eh? New era? Nah. It's wash then rinse and repeat. It's indisputable that some of these meme tokens made an impression to the gullible noobs and created a lot of profits to the "veterans" but most of them will still remains as what's intended to be - a money grab.

Yeah you read my mind.. I'm certain it'll be a lot of fun, cos most of the famous meme communities and teams would be there, such HarryPotterObamaSonic10Inu, Rekt Drinks, Bitget, Gotbit, Fomo Bull Club, BURRRD, Turbo AI, Buddha, ChuChu, GmeStop, Croc Cat, ILY, DeFido etc.. wish I was close, would have attended..

Man it's not really suprise at all.

Did you know, even shitcoins (MLM) are doing conferences. Do you remember the biggest MLM online in Cryptocurrency called (BITCONNECT) ? It's not gonna change, the coins are shittoken.

Even BITCONENCT doing some conference and biggest event, they still ended scam. So, these not meaning anything.

Scammers nowadays will do anything just to gain the trust of people. They will exert much effort even money just so they will seem legit. So it’s no surprise if a scam project tries to hold these conferences.

These conferences invites and attracts many people to the project. But if the project does not end up becoming a scam, conferences are great way to meet people you can gain lots of knowledge from. Maybe you can even make a friend or two.

All for what? Dominance, just funs or for more potentials to the MemeCoins? Because I don't really get the valuable output of this conference. Oh, you also mentioned party, huh? Well, maybe it'd really be whole lot of memes to mimicking of other potential coins.
I also hope they'd keep it hope and not nowhere to be found during investors complains about their investments with the coin. 😏.
Strategies to influence the masses can really be of any form. We just have to be aware of this common fact before picking of interests.

For people like you who are optimistic about memecoins, it could sound like a game-change conference, but for someone like me who does not do shitcoins (memecoins), it's neither good nor  bad news, but I'm certainly not going to engage, not even in the discussion, not to mention listening to the conference that will be held in Lisbon. 
 
A lot of shitcoins have done this before, and there is no good outcome to show for it. It's more like we are just rotating in the same circle of shitcoins. Every 4 years, it happens, and I believe it's just for a pump-dumb gain that these conferences are held. 

Nope.

The conference is for pumping our bag coin and making a new member for our exit liquidity and making them getting rug-pull ~xd Financial Investment is tough, is not seeing the person, community or nation.

So, do not invest to some asset just because friend, family, community, real even, nation, famous people and other. They don't care about you, once you become their exit liquidity and you will realized you are f*ck up at that time ~xd.

Memecoins that rely solely on reputation and social media hype are unlikely to last long. For a project to truly thrive, it needs to have useful features, solve real problems, and build an active community.

A memecoin conference that's all about domination, partying, and imitating other coins is pointless. It is important that memecoin projects demonstrate realistic development plans, bring convenience to users, and build a strong community. Those who think that memecoin will become a new era are truly idiots. Memecoin appears to be a "pump and dump" scam aimed at preying on naive investors.

It's probably the most pointless convention you've ever seen.  All of these coins and tokens are just ponzis hoping to drag more people in so you can dump your useless tokens for a higher price.  What can they possibly have workshops on lol.  Going to check it out for the lols and hopefully for kicks that they video the conference.  I don't know if any town can handle that many defense in one location at the same time 😂

We're entering the bull run so we're going to expect dev. teams of projects with low reputations to rally support by organizing conferences to gain the trust of existing and new investors, but in the end action speaks louder than words, so if they can remedy the trust ratings of memecoins the better for their projects. Like you I'm not into memecoins, because there are more scam projects in them than legit ones, I however wish the investors that have the risk absorbers to invest in all the luck, I'd rather stick with Bitcoin and top altcoins that have already proven their reputations in the crypto market.

Meme coin has created his own community so i think there will always be people who will invest in meme project. At first, i was also against the meme project, but after seeing how much money is flowing into this sector, i think there is something in it that is attracting all these investors. Also, i saw some new meme project introducing different kind of utilities, which makes them more attractive to the industry. I want to mention one of the names here, and that is PUFF. They just created an amazing story line for their meme project.

Memecoins cannot prosper unless they work on providing more utilities and also we expect some unique features which has not been termed by other project but unfortunately most of the memecoins are so short sighted they just create it as a joke and win investment not based on their features but rather in assumption that there would be some huge profits for investors they sell by using the growth story of other memecoins like pepe. I don't think memecoins alone cannot sustain without some real development.

Happy New month, the same to you. It was late last year and the beginning of this year that memecoins investors made small profit but now everything has changed. Late last and the beginning of this year, the increase of memecoins were something else. There were some that I have not even seen or heard from social media platforms but only seen in this forum. Now that most of them have network congestion problem, I don't think people or investors and traders make profit from them. The utility of memecoins is for all.

It will be interesting to listen to the out of the conference. Those who are close should attend and inform the people that are far that could not attend the conference.

If that's the case, then their hype will soon be over because it's a never-ending loop of ideas, and investors will eventually tired of that and they will lose more sales in the future. except if they came up with some other things or unique ideas that will make their platforms more popular than others just like the other top altcoins nowadays. they were not popular at first but with continued development and support from their investors, they managed to make their community huge and their support and investors are increasing every time they introduce new updates because it successfully attracts more newcomers to buy their altcoins.

Having a conference is not really that much of a big dela, anyone with a bit of money could do it. I checked how much it would cost in my nation and it was less than 50k dollars, and I am not even talking about selling tickets, if I sold tickets for just 20-30 dollars each, I would have to invite 2000 people just to break even, but that alone is just tickets, consider all the companies, projects, and stands all in there, you can charge 1k a pop for just a single one of them, meaning that you could sell at least 20-30 places, and make half of the money from there easily.

You could also sell "spokesman" roles, people who come to stage and talk about their projects to these hundreds, maybe thousands, and charge as high as 5k for that. So that's why this is easy, anyone can do it, it is profitable, tiring but profitable.

There are many projects that had deceived us trying to attach utility to theie tokens so that investors would see a good reasons to buy and hold them. If utility is added, does that make any difference? All we should go about is buying and holding good projects that would be beneficial to us that want to make money from them. This is where we make the mistakes of buying good utility tokens and later we see that the project is not making any reasonable progress. What we should be concerned about is how to make money.