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People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

Because there's a hype to it.
Many people gained huge profit from $PEPE, SHIB, DOGE, and other memecoins before. Most of these coins are indeed having no utility but a hype is enough to create a demand for a certain token, and that means profit in every price increase that demand will generate. I never heard of simsol and I have a general viewpoint about memecoins; high risk, high rewards. If your risk appetite could tolerate the volatility these coins are having which is higher than most of the tokens in the market then you're free to go and invest into these coins. We cannot really say memecoins are trash because many people benefit from these projects still. You just have to manage the risk by setting stoploss or simply not putting that much into it, then you're good.

Pump and dump for the win. You can earn x100 or more on a short period of time due to the volatility of this token if ever you manage to enter early on meme coin that pump hard due to hype.

Meme coin is the gambling version of cryptocurrency trading because you can win big and lose big at the same time in just a blink of an eye. Meme coin creators usually do unlimited trial on creating coins that will be successful that’s why it’s very dangerous to invest on this because it’s nearly impossible to recover if ever you invested on a garbage meme coin which the dev already abandoned.

Memecoins are mostly liked because of the cheap price because you acquire millions of it and if you are lucky to have it rise at the time you bought it then you are good in money. However they are not coins to hodl for long time because just immediately at the hype hodlers are cashing out and you will be left with it as same value or something very ridiculous with you. Certainly the hype is usually on during the halving because of the bull and that is just the time for the expectation of cashout. Dogecoin for example is such that is still performing without the hype and possibly to have a good ride during the bull .

It seems to me you are willing to shill your token by adding the link to your token after your thread but im willing to tell you the exact reason why people are interesting in putting their money on meme token these days.

https://cryptopotato.com/how-this-early-pepe-trader-became-a-millionaire-which-new-meme-coins-are-investors-backing-now/

https://watcher.guru/news/shiba-inu-investor-turns-8000-to-5-7-billion-heres-how

https://coinmarketcap.com/community/articles/65865c666c27907a70ecabe7/

Enough? i can even give you more if you are keen to read more. Being called as a pump and dump token doesn't remove the fact that if meme token is an instant way for you to become a new millionaire.

Because of the story of a few people who made a lot of money from being an early bird and holding meme coins for a long time, people considered as a coin that was on its way to oblivion because for many years its price is dropping and losing its place in the market, until Elon Musk hype it.

Because we have seen many new meme coins or tokens some of these meme coins made people made tons of money as early bird investors.

And because of the stories of some people who made 1000 times the profit investors are on a hunt for the next meme to get hype where they can make 1000 times the profit, but with so many meme coins in the market it's hard to pick the right meme coin to invest.

I say just let those memecoins enthusiasts be.

They most likely know the risks associated with ijvesting in memecoins and at this point everyone from time and time again has said how much risk there is with investing in memecoins and it should not even be considered as a proper or profitable investment anymore.

We are all different people and what works for me might not work for others so it’s better to just do what I want as long as I know how to take the most out of it instead of just listening to other people.

In essence, the orientation of people who invest in meme coins is very high profits, because a lot of memecoins today get good insight from investors and make it very hype.
Whether you consider it gambling or whatever, I think everyone has their own point of view and has their own risk management in investing in meme coins, and yes, don't take too long if the coin has received very high exposure and increase, the investment I made at that time became the exit liquidity of others who had previously made purchases.
This can be considered gambling can also be considered a waste of money without expecting more, therefore use small money in purchasing any meme coin.

I don’t think people are ever going to stop being excited of memecoins until they stop being profitable. I know that memecoins are risky but every once in a while there is something that surges and now everyone is interested again.

If one project becomes successful most investors tend to find similar but cheaper projects just to see if they can get lucky and then they will all end up hyping memecoins all throughout the rest of the year which is why it might be less likely to stop memecoins from being hyped by lots of investors.

I think this is because meme coins have given some very good profits to its investors in the previous couple of months. Especially coins like Shiba, Doge , Pepe etc are the ones which have performed really well on particular occasions in the year 2023 so because of high profits people prefer to invest in meme coins.

Moreover the high profits ratio as compared to altcoins make them more attractive and investable. People ignore the risk side and focus more on high profits that's in our nature.

The simple reason why I think that people get excited about memecoins is because it's a get rich quick scheme, although it's not always the case with all of them, some are scam projects from their creation. Some investors don't have the patience for long term projects like Bitcoin, where they'll have to wait for bull run before cashing ROI, they'll rather gamble their funds on the short term for quick profits, so it depends on the individuals to decide whether they're ready for the meme risks. I'm just hearing about this simsol, for the first time, I hope that it can make investors richer.

I'm not following what's happening in the meme coins sector, but I have seen the hype on Bitcoin Meme Coins now after Solana. Where are all these people who are talking about Simsol?  I haven't found any X trend confirming this. Are these people prominent influencers or regular investors? Frankly, I did a little research, and it turned out that it is a new project with no large communities, and they have not yet launched their token on DEX.

I see that you're indirectly promoting the Simsol project through your topic to deprive investors of the wealth and huge profits that can be achieved through this new coin, and certainly, there are no guarantees or valid reasons for this. But okay, what does this meme offer that other meme coins do not? I do not disagree with you about the meme coins that you mentioned; they have succeeded remarkably, but no one knows what will happen to them in the future. Also, can the tens of hundreds of new meme coins on the Sloana blockchain these days become like them? I do not think so, as there are no confirmed factors and reasons for the success of these meme coins other than the great luck of those who entered them early and before they were listed on CEX.

This bunch made a lot of people rich by monetizing, so how many have lost from monetizing due to influencers? They keep sending new meme opinions to do fomo but in the end the shitcoin is worthless.
I can only count the fingers of memecoins that are pumped while more are memecoins that rugpull or fall due to banishment by dev, I don't blame anyone but those involved in the new meme coin are just like gambling.

Desperate to getting rich Investors are most attracted to opportunities that could offer them riches as aspiring and that's why the MemeCoins are being flooded with investors.
Typically people gets excited over Memcoins based on their hyping and still the same hyping which gets them attracted is what leads to some Investors on Investing their funds of dead projects or even being defrauded.

Meme coins in general gives more profit on short term investments than Bitcoin itself, but the risk involved in their investment is very big.

Generally, there is too much stress involved in altcoin or meme coins investment which include doing deep research about a project before investing in it, and you also need to take a big risk to invest early so that you can benefit from the project’s first pump; meanwhile, the early investment is very risky since the project might die and you will lose all your money.

we are not talking simsol actually, it is just you OP who promoted that memecoin here.

but its true memecoin is just sweeping the market and its stealing the BTC of users who are trying to buy these memecoins through their BTC hoping to make quick bucks. all these memecoins will soon have a price of $0.00000000000000001 but they will still be holding it hoping it will have a bull run moment.

The reason why people are always happy when investing in meme coins  is because of the pump which it’s always being pumped, so people are always making money, I think that’s just the only reason why people are always excited whenever they see any new meme coin. People easily make money when they invest if meme coins and they are lucky, but if you are not lucky, then you will lose everything in it, and I will say people that are losing are higher than people winning.

Quick money if you get lucky. It only takes about what, probably less than a month, maybe even less for a coin to do a quick pump to its peak so people can instantly profit x% amount every time. And for the most part they don't need to invest much of their money to profit that big. They just need to spend a larger amount of time though to find a coin that would look like it could pump or join the group who's going to do the pump and dump and know the timing so as to profit big. If people were saying that trading can be called gambling, then yeah, this is the gambling part they were talking about.

One opinion I have about memes for investors is to let investors or meme coin lovers only invest the amount they can afford to lose because meme coins have the ability to make rich and also the ability to make poor. The other day, someone was complaining about how he liquidated some millions of dollars with the Pepe coin. 

Most of the time and season, lots of new meme coins always get created, and only a few end up pumping and making a few people rich. Do you think that everyone will not be rich if they actually know the meme coin that will pump so badly?That's the reason why it's necessary to apply precaution while investing in meme coins or every other alt coin. 

That is true. If someone was not ready to take the risk then maybe he or she is not ready for huge responsibilities so it is better to stay away from memecoins if you feel like it is too risky.

For me though I believe that taking risks can pay off in the future and people who invest in memecoins are one of those. It’s either they are brave or stupid and nothing really in between so make sure that when taking risks you have done your research.

They are excited because it is a short term investment and profit is in the average price. Those who are purely investing in memecoins are real risk takers because a scammer can launched one project as a memecoin and allowed people to flood it and probably allow people to withdraw but suddenly the project would be delisted from all the exchanges and everything you invested in would lost.

Be caution when dealing with memecoins and don't be over excited because they are dangerous.

Among all the meme coins listed above, it is SLRF that is strange to me, perhaps you made a mistake in the spelling. Regardless, the reason why people are chasing after meme coins is not far fetch, we all need money since the missing of huge opportunity brought by Bitcoin is causing people to be aggressive risk-takers and get compensated by another coin/token. And I must say that it is paying off. You can imagine what the people who risked their investment in BONK, BOME, WIF and many more would have gained already? No one can blame them because, if the likes of SHIB and Dogecoin could perform the way they did during their days in the last bull run, how much more the new ones listed above, and that was even listed on a new blockchain that didn't have such capacity like this in the last bull run (Solana)?

Solana ecosystem is a very good development in the cryptocurrency world and I advise you to expect more from it over time.

It's like a cycle, when the bull run was around four years ago, memecoin was very hyped, the developers saw the same potential for it to be repeated during the current bull run, the developers saw how the oldest memecoin was always the one that gave big profits to its holders, so that was like a signal that many Cryptocurrency lovers will also enter meme coin to make big profits again during a bull run like this, and new memecoins will usually be targeted because the opportunity for profits is greater as well as the losses
Don't ever be surprised by this, if you want to get into memecoin then enter from the start and leave when you have made a significant profit because greed will probably result in you not getting anything.

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

The hype around the memecoins is what makes everyone interested in putting their money in it. Also, based on the outcome from the past memecoins who have been valued at a way higher price than it originally was, are also an addition to the people's interest.
Putting your money in memecoin is like placing a bet in gambling, but with literally a longer result as it may take a few or several months before you can see it, whether or not you will make a profit or you just thrown away your money for nothing.
Investors are divided into a different attitude, there are those who wants lesser risk so they put their money into bitcoin or top alts in the market, there's short traders and daily traders, and there are always those who wants to get rich real quick who invest in a very risky asset which usually posses a very little chance to succeed and they are the same people who wants to have portion of their money into memecoin.

in short people just want get rich quick scheme, with meme coin its the same people invest because they want to turn their $1k into millions from seeing some twitter story about how someone flips their money into millions overnight, honestly those kind of thing are really rare, and even if its true there are something that is undisclosed such as the early buyer of that meme coin probably got info that this certain meme coin gonna have massive pump since we all know its just whales game at the end of the day, it can work as some kind of marketing too.
always know that every pump that meme coin have probably have whale behind the scene that helps getting the price skyrockets.
therefore thats why meme coin is popular its just speculation, but as long as people know what they're in for and all the consequences I guess they just gonna treat it as another game.

Currently the meme coin hype is increasing day by day, of course with the increasing popularity of memecoin the opportunity to make a profit is getting bigger, but you need to remember that the memecoin hype cannot last forever, therefore patience and mentality are very important in investing memecoin because the risk is very big.

For profits making, which are some of the reasons that is making people to invest their money on memecoins because they know, that it will bring profits that will make them rich and never to miss every opportunity on memecoins.

Those that understand the memecoins investment very well, they know that the market price use to fall to some level where people will begin to experience loses from their investment, but those that understand it very well will not worry about what is happening because they use small capital to invest.

 If you want to remain wealthy through your memecoins investment, don't invest all your money in memecoins only, you can invest some in  BTC so that you can be using memecoins profits to solve any problem that will make you to sell your BTC.

Yes that's the important point and that's my opinion with meme coins. Meme coins can make someone rich but they can also make someone poor. Many meme coin projects only have one spike phase and after that they are dead projects. I think finding meme coins like PEPE, Bonk and Meme at the start of their launch is almost impossible if you have little capital. I personally would not invest in meme coins in the early sales stages because many meme coins have become scams because they were abandoned by their developers.

Greed. Pure and simple.  They hear stories of people turning a thousand into a hundred thousand dollars and they jump in without knowing what they are doing.  Sad truth of the matter is most people will lose their money and a small amount of people will end up with the money those people lost.  That's the meme game

Our expectations should be meet. We take higher risks but never to get bother because we already know what we signed up for and expects the worst results to happen. Our expectations will become winning but not all days is Christmas for us, we become unlucky in most of them. Winnings is necessary for us because they served as evidence to continue pushing for more amazing results. Memecoins have been the orders of these current days, select a promising one and you'll forever be thankful for the outstanding projects in the market.

That is a fact that they're risky and many are aware of that. But with that risk, it also comes with potential high reward and that's what motivates the investors to do their meme coin things and investments. They know what they're doing but with the newbies that have started investing into memecoins, they'd learn a big lesson there. Most if not all of these memes are built with the hype whoever is the marketer of the newly launched projects, they're actually good and knows the thought of the masses and that's why we've been seeing new ones emerging in the market day by day.

Don't you even aware if meme coin even better compared to the majority of projects offered utility token in term of profit? i'd say meme coin was also giving you better sustainability as long as you were taking the legit meme token which has been listed on the big exchange site.
The only stupid guys who keep gambling on the garbage meme tokens that listed on solana dex. It's not all bad but majority of them being made to rug the investors and LP providers. Memecoin is about how smart you are in generating the money.

This is like a money game but i believe any memem coin that could be listed on binance was always doing better. This is why i strongly believe that if meme coin can perform even better once it was getting massive support.
Dogecoin, shiba inu even bonk have showed it how the community can be very important to the token itself in supplying the liquidity.

It's because meme coins are all the rage again because of the social media speculation and halving effects. Plus, due to the pump and dump nature of meme coins, many call victim to scams as well. The profitability factor is definitely attractive but I think only seasoned or really lucky folk are able to profit from them because they are such high risk investments and the dump can happen at any time

Yeah meme coin can make one rich quick and it can also make one to regret sometimes If they incurred loss and remember the higher the capital you invest the higher the profit and the higher loss someone will incurred if it doesn't go well ( that is the higher the risk). The people talking about meme coin are the people who make huge profit on it and it's a normal thing to testify on something you benefited on/from. People who incurred losses will be very careful next time and they can't advice someone to invest in it because of the losses they made that is life, you can't say something is bad when you have benefited from the thing and you can't also say something is good when you haven't benefited from the thing.

It has high volatility but those risk takers know this and they still gamble their way to invest in those coins despite the huge risk involved because they already know how this kind of market works. It's not the same as investing in bitcoins because you need to know the signal of the time when to sell it at the right time because late means losing your money completely and many people don't realize this and end up becoming victims of those who promote such coins via social media or influencers on Youtube. That's why if you are not familiar with this kind of environment, you better not join those risk-takers, or else you lose your money easily.

Meme coins are really pump and dump and that's why many investors are moving on it with the hope that they might get rich on an instant occasion.
But it's not that what they think will happen easily because most of the investors there have been in the meme coins and have got profit already. The ones that are unfortunate are the new ones, they will get stuck when there's no more hype and the pump for meme coins are done.

You have explained that investing in meme coins can make people rich in a short time but has very high risks. What is meant by high risk here is that if you invest in it, the possibility of you losing your money is much greater than the possibility of you making a profit. My question is, do you want to choose this kind of investment? maybe yes, but only by investing a little money.

Well since there is so many meme coins many new investors think they can earn big profits fast. There is stories we read for people to make some millions of dollars in only a short time trading the meme coins.
But the thing we do have to remember about them is important. It is a token to have for fun and for hopes we can earn big gains from them.
There is not a real use case they do serve. I do not think it is a trend but if I want big profits do not invest it all in meme coins.

You basically answered your question, meme coins offer to a very small minority the opportunity to change their lives and become millionaires in a short amount of time, so many investors love that as they think this will definitely happen to them, obviously most of those that trust in meme coins get their trust betrayed and lose everything, but the success stories are so out of this world, that people cannot stop themselves to invests in those coins as they do not see any other way for them to reach those kind of results.

Almost all investor knows about meme coins and the possible risk if we invest on it. But many investors also earn a big money because of investing meme coins specially when it pump during hype, that is why many people are now looking for the meme coin that has a capability of rising in the next few months or years it is too risky but if you are lucky on this type of coin you can also earn millons of profit on it.

Anything that gives high profits in a short term will definitely carry more risk and that’s the more reason why bitcoin is portrayed to be the best investment because it’s risk is minimal and you will certainly profit from  it when you are patient. Meme coins seem to be the new trend and it’s making profits for people that’s why people are drawn to it at the moment but we all know they won’t last long and a new trend will take over from them that’s why bitcoin is the best ever.

Any investment other than bitcoin be it alt coins or  meme coins are very risky and difficult to get a legitimate project that why it is very important to carry out research on them to identify legit coins. When these coins are well established the profit that can be made from it becomes less so investing early is the most wise thing to do to be able to make profit early but investing early is very risky because when the project fails you lose your money.

New investors might not know them at the beginning time and that is why they are the investors fall for the scammers memecoins and also they might not know the risks involved. And why investors like to invest in memecoins because they make quick money from them. And those who are investing in memecoins always target the new ones. As they came out or launched at the first time, they would just invest on them and wait for like few weeks or months and once the coin increases in value small, they would withdraw and take their profits.

Memecoins or altcoins are very risky. I have done it before so I now the risky involved.

Despite that meme coins give more profit in short-term investments than Bitcoin, I will never advise people to invest in meme coins because almost all of them are aiming of  scamming investors, and that is why meme coins hardly stay long in the market. This risk in all these meme coins is much; it is just as if someone is gambling with their money. So, if someone wants to gamble with meme coins, they should just invest a very small amount of money.

From my own observations making profits from memecoins, I just view it as part of luck. When someone is not lucky, even doing their own proper research on MemeCoins can lead to scam projects. There are many projects that look so promising, but in the short term, they become dead projects. So doing your own research on MemeCoins doesn't guarantee that you will definitely make a profit there. Let's just know that memecoins are all about risk.

I don't think it was 2023 where the meme coin boomed but I think it's in 2021. this still isn't the first. I started in 2017 and I remember a lot of meme coins pump too. Despite of it, I doubt if there's truly lots of people who became rich here.

When I say rich, I mean filthy rich because rich is also a definition for those who earn a couple of dollars. The only good thing about meme coins compared to other crypto trends is that they can never get out of style but I don't mean that same mean coins can only pump. So for those who still hold on the same meme coin, they need to change that habit but they rather go for old coins. If not, then they need to stay updated about the latest memes and trend not only in crypto.

That's because memecoins are outperforming other coins in terms of price increments giving early investors massive profit. So people get so hyped soon after seeing new memecoin expecting the same. Also one don't have to invest big amount too but if it gets going one can yell "sky is limit" seeing their super profit. Obviously every trade have risk involved but one have to take risk if he wants to win too.

when the bull run was around four years ago, memecoin was very hyped, the developers saw the same potential for it to be repeated during the current bull run, the developers saw how the oldest memecoin was always the one that gave big profits to its holders, so that was like a signal that many Cryptocurrency lovers will also enter meme coin to make big profits again during a bull run like this

You made a good point there that the older memecoins were able to pick up with the just ended bull run because of their already established market that help them to easily pick along with the wave at that moment,  but the big deal is that most of the newer memecoin were finding it hard to fine a place in the market and before their know it the short bull movement got stopped along the way making them to fail to pick along.

This is the reasoning why .any investors thought that memecoins are not doing well in the current market since their failed to make some progress in the bull run that just ended and being the first bull market since the memecoins got their hype And market appearance.

In my opinion, it's best to invest in meme coins that are not yet popular and not talked about by many people because they can provide big profits. It seems like this meme coin is starting to be talked about by a lot of people and I've even heard that it has quite a large TVL. Currently, meme coins are all the hype, but we also have to be careful in investing.

Profits. That's all.
You only think those people who are getting excited about meme coins, but the reality is that there are many losers than winners in investing into meme coins. Profits is the main reason why many people are excited to invest into it, but that desire to get more profit is also the reason why many people also lose their money investing into it.

I didn't read your post because I knew it already that it will be an indirect promotion on a particular shitcoin. Meme coins became the hype already for months and it seems like there's no stopping it especially now that many are expecting for a bull market to happen. Nevertheless, I would advise investors especially those newbie investors to avoid investing into new projects especially meme coins like this one.

You must have heard that to gain something one has to lose something, only this thought makes a person take sustenance. I know that investment in altcoins is very risky but I would say it is a good choice to invest in altcoins because many good altcoins can give you a lot of profit in a short time.

Now it depends on our own knowledge of which coin we choose and when and how much to trade because without understanding the market one cannot profit from any coin whether it is Bitcoin or any alternative coin so the first thing is to gain complete knowledge.

Once the market is mastered, the chances of loss are very less be it Bitcoin or any other coin.

Because, people do not know how to pick something else. When you look at ADA vs SOL, how could you say that you see a difference and which one will be better? And considering they are already top names, you are trying to decide between two things that will not make you huge return neither, just good market level return when the bull comes, could be quite similar to what ETH or BNB could make you as well.

So, those all look the same and you do not know what to pick. This means, what could a person who wants to make a huge risk could do? I can tell you what they could do, they would just simply end up putting their money into meme projects and that way they could make some return and we are going to make good return, it would definitely be something to care about in the end.

It’s because they are usually very cheap to buy & in bull runs they make exponential gains. Quite often, it’s people who don’t have a lot of money, are unable to buy good amounts of Ethereum or Bitcoin so they see a cheaper alternative as a good bet to make life changing money. Memecoins make a lot of people rich but there are lots of them so it’s difficult to pick the right ones to invest in.

They are not really excited about meme coin since if they know there's no money to possibly earn for trying to risk their money for sure they would provably not showing some interest since people are only going after for money. A lot of people excited with it especially for those new release since they think being early to invest on such project can give them higher chance to gain rather than being late to invest on those tokens since they know that most likely they would lose their money.

We can see that there's a lot of guys out there hunting for newly started meme coin project since they think they are worth to gamble and this is bad since they are feeding the idea to those scam devs that there are people will take a risk and this is good opportunity for those scammers to earn some huge money out from those people.

Honestly speaking memecoins are good and they are also bad reasons because they have made some many people millionaires and at same time they have also made some people poor. People who hype and praise it are people that is actually making money there though is very risky.

I think people will keep being excited about meme coins because the profits normally comes huge.
There are some meme coins that could hit like 100x when launched which we might not see with other projects like that.
People are making good profits from meme projects that is why we keep seeing people going for it because they wants to earn more from it. But it is just that many people do not know that they could earn massive profits from investing in meme projects.

Those people who became poor due to memecoins should then think what those other people must be doing for them to be making money off of memecoins. Even if you invest in rthe same coin with a millionaire, it does not mean that you will become a millionaire automatically. Investing in memecoins have risks and those rich people are doing the right things to avoid those risks and even at times take advantage of.

Investing in meme coins is high risk with potentially high rewards meme coins often lack intrinsic value and are primarily driven by community enthusiasm and social media hype. That is why it is good to be careful not to invest more than you can afford to lose. Diversification and risk management are crucial allocating a portion of your portfolio to meme coins and spreading the rest to safer investments excited to meme coins will cause damage.

Sacrifices are needed for success so if someone loses some money for getting more money then it's not a loss but it's a lesson which will help him in future. All altcoins are not scam but people choose some random coins due to which they lose money and share their negative thoughts that every altcoin is a scam but actually if they choose some good altcoins then neither they will lose nor they will share their negative thoughts about altcoins.

If you don't have knowledge then no matter if you choose altcoins, Bitcoin or Ethereum you will lose therefore we should not put blame on altcoins because it's our own mistake that we are choosing the wrong altcoins due to quick profit.

Memecoins tends to attract traders due to it's hype in the market.Many memecoins that pump in the market are no where to be found again in the crypto space.An investor that is interested in investing on memecoins due to it's bull moment should make research before investing.Most memecoins that pump might only pump one time and after the pump it might fall and never recover it price so it would be best for a memecoin investor to invest on what he/she can afford to lose,infact it's risky to invest on memecoins they are made for trading and quick profit.

Why are people so interested in memecoins, i have seen about four to five threads in this discussion channel focusing only on talking about memecoins. Its not the only altcoins that are in the crypto space and as an investor i have gained nothing but loss when i invest in some memecoins. All the good news i have heard about memeocin i have never experienced such not even someone i know have had such an opportunity to profit in memecoins. Perhaps it seems we have to invest for the long term instead of going for short when it comes to memecoins or we should not invest at all.

        -    In addition, we are aware that you can actually become an instant billionaire if you fall for the hype around one. And that's it. There are individuals who are truly becoming wealthy with this, despite the fact that many others claim it's a shitcoin, pointless, or both.

Some take chances in the hopes of eventually obtaining the ideal moment for meme coins, which is why they do. Though many still think it's like playing the lotto. Perhaps the majority of them are a little risky.

It seems to me there is little doubt the people that are investing in meme coins are relying on their luck, after all no one can really know which one of those coins will be the one to skyrocket, and once it does you should stay away from it, as there are many people that invest in those coins after they have pumped, hoping for the growth to continue, but they fail to realize they are investing in that meme coin at the worst time possible, and that most likely they will lose a great deal of money in a very short amount of time as a crash soon follows.

Most people come to the crypto market with the desire to find big and quick profits. Understanding this psychology, meme coins were born to serve this. These are the coins that make new people excited to invest because the profits they bring are truly so attractive. Perhaps they also know the risks they bring, but at first they only think of spending a small amount of money to buy in and consider it like a lottery. But the more they play, the more they are swept away by its crazy waves. The more you win, the more you want to continue playing, and the more you lose, the more you want to unwind.

Because of the initial hesitation of new people when coming to this market, they often use small amounts of money to participate. Therefore, they often choose to buy meme coins because with a small amount of money they can buy a lot of coins (this is common psychology when looking at numbers), so meme coins are always an attractive segment for them. There are many life-changing stories thanks to meme coins, however, not everyone can be alert enough to keep that luck, but most continue to get caught up in the game and then lose everything.

I think the coins like doge, Shib, Pepe etc have changed the perspective of meme coins among people. These coins have set a trend of giving 100x on investment upon meme coins.

Nobody can imagine these kind of returns on investment that's why it has taken and captured the market very quickly. Of course it's true that most of meme coins are scam projects but people ignore it because of their greediness hoping for one project to make them millionaires.

You have rightly mentioned it's pure greed as they don't see anything apart from greedy to become millionaires though they knows the fact about memecoins and one more thing which amazed me is the fact that these investors just go and invest on basis of handful sucessful project without checking about the projects which has failed miserably as there are thousands of failed memecoin project which goes unaccounted and I don't think this is a way its people following themselves.

most things that produce something in a short time have high risks. including investing in meme coins, maybe you can get big profits quickly when investing in meme coins, but you can also lose most of your investment in a short time. For me it doesn't matter if you invest in meme coins or shit coins, the most important thing is that you understand the risks of the investment and can calculate how much money you will invest.

I think people are getting excited on meme coins because of the recent hype that it had, some meme coins give a huge profit for their holders or investors.
I've also got some from PEPE and DOGE, would love to experience or try it again although I know that this meme coins are too risky.

I think the reason why crypto users are so interested in memecoin is because memecoin gives the hope of providing multiple profits in a short time. From the research I made, memecoin enthusiasts are mostly beginners, if people are experienced in the crypto field, they don't have it easy. believe in memecoins unless they have researched and studied how big the prospects are for a memecoin to grow in the future.

Meme coins are going to show more pump and they are widely accepted now due to faster return therefore people often choose meme coins for investment but the risk is not small in case of meme coins. If someone is too bold and educated about crypto to choose meme coins then he will definitely know about the timing of selling and about the fact that when to sell their hold meme coins.

BONK is also a good investment coin so one should also add this in his portfolio while there are certain other meme coins which also have the capacity to go through hype so I think if someone invests little in different sorts of meme coins then they will see valuable outcomes.

Yes, because since Doge's hype, until now, meme coins are still very hype, it doesn't stop even during the bearish era. Meme coins have always been successful in involving so many people in the world to get involved in it, especially through airdrop programs and others. and this continues to be hype, that's how it is, the process, as long as it's still hype, it will definitely be talked about, discussed and followed a lot. Meme coins are always easily to be booming, even though, they are not able to optimize which meme coins that are worthy but they keep trying whatever it is. 

The hype that meme coins can create is undeniable, but at the same time the amount of disappointment they can create is many times larger, so while I can understand why so many newbies are interested in those coins as they think about them as their ticket for a better life, most of the time what they obtain is the absolute opposite and they end up with economic problems which can last up to a few years, but the worst part is that even when that happens, many of those newbies take several shots at meme coins before abandoning them for good.

I think you answered your question already; it’s because memecoins make a lot of folks rich! Who doesn’t want to become a millionaire? people who invest in memecoins know exactly what they are dealing with. But they just decide to to go on with it if maybe this time it’ll be their luck and they’ll be millionaires. The hype and motivation is why even if they lose money when investing, they still continue trying because they believe that someday, a big memecoin may come their way.

The adrenaline meme coin gives. Lmao rollercoaster of emotion

A lot of people you see around the crypto space loves free things, it all started since the era of Airdrops, I mean the ICO times, and then Doge that gave rise to meme like Shiba allow the trend to continue to now. Solana is the next place and many people that invest as little as $100 turn that into something but this trend can't continue forever, most of the existing ones hasn't return anything significantbon investment, so the hype would probably be nothing serious.

 I have seen another seen another trend of taping, there are multitudes that did this coin called notcoin and a lot it made some profits for people that rebuy from some people and there are more coming. I think investors might start going around this coins very soon and create a hyper trend with them to wake the bull run we are waiting for all this while.

Because people only cares about easy money, they think that memecoins is get rich quick scheme but instead its loose everything

      When the marketing strategy done by the management team of a new meme coin is good, it is for sure that they will be hyped by many crypto community investors.
That is what often happens in this industry of the crypto space. Because when communities see that there are updates about projects, that's what communities often enjoy.

     Especially if they know that meme coins have big partners, just like what happened recently with Bome, WIF, and Notcoin; these are just a few examples.
And I knew there more meme coins that will appear in the future for sure.

People got fascinated and more interested with meme coins because of hype that made those coins reached huge value at trading sites. On my personal reviews on each history they really performed an outstanding trades.
The quick rich idea depends on how traders handle their emotions towards fluctuations, if they can't withstand fears of risk I think that won't sustain within a long period of time.

A lot of people are fascinated by this meme coins because they believe it has the opportunity to turn their little capitals into millions in just a few weeks or days of investing in them meanwhile sometimes it end up being a scam because most of the meme coins that are being organized these days are pump and dumb shits that are just here for the meantime and after a while they will disappear from the market.

I see a lot of promotions these days about meme coins but I'm absolutely not interested in them instead I use my little earnings to invest more on bitcoin than altcoins that are more shitty than shits (memecoins).

It is the second time I am hearing about this token this morning and I have not made any research about the token but I know that it is not every meme coin that can pump like others. A meme coin can be hyped and gain some good numbers of investor but may still not pump the way it was hyped. People gets excited about memecoins and every other altcoins because they knows it has the ability to make them rich if they luckily invest in the right token.

greed is the greatest motivation there is for meme coin speculators in hope of flipping a hundred dollar into a hundred thousand dollar people are willing to lose that one hundred dollar.
I guess its because they are trying to find the opportunity but they are in for speculation with knowing all the consequences anyway.
since meme coin are just full of tricks and games thats unfair to the late investors, in short, its the game of whale trying to take advantage of the smaller people.
the people that get rich probably are the one that have close relationship to the meme coin maker in my opinion.
can't believe some random stranger suddenly putting their thousand dollar into meme coin and flip it into million.
but well there are many magical story about how people getting rich from meme coin overnight in twitter with capital equal to pennies.

People want easy money and they see memecoins as the way. And people also like memes. That's easy, but the risk is high and memecoins don't provide anything besides a chance of getting money, that depends on the hype of a coin. So I'd rather buy something else.

All coins have their own risks. But why do many people like coins because they only need a small capital so they take a small risk too. and high profits which have made many people like it. for example, like dogecoin, there was so much excitement at that time when people held dogecoin. and by 2024 many people hope that some of the memecoins can follow in the footsteps of dogecoin.

Exactly, some people don't like waiting too much that's why, they always venture into memecoin regardless of what could be the outcome cause they have believed and have the conviction that memecoin can make one rich in a small interval of time though they are not wrong memecoin use to make people rich quick but not as easy and simple as they think cause getting they right one to invest in is always hard.

People desire to have more money through little investment and meme coins are the only coins which are lower in price and when they increase in price then they provide good profit therefore people don't hesitate to take risks with such a little sum of money.

Previously just dogecoin and Shiba inu were considered as better meme coins but these days every other meme coins are assuming to be a better coin which will perform better during bull season and yes it's true because you will have experienced that Pepe coins is going as a more profitable meme coins so it become a cause of increasing trust of the investors towards meme coins.

It was because of the move SHIB did that is one of the reasons why the interest of people into meme coins has increased though I must say that SHIB made so many people rich because I no of people who made huge money from the coin, Doge is also good but in terms of price movement I think SHIB has more than Doge and since then people has always believe that more coins like SHIB still exist and that's why they keep investing on alt coins, I'm not against it but people should always be cautious about there investment.

If there is hype then that's where people will invest with. Newbie traders nowadays are just depend on what's trending, if they see the chart of a memecoins going up and a lot of volumes then they will surely buy on it. We cannot blame them if they get lose if the value gets dumped but they surely want easy money. But I think that memecoins are really good to invest with if they are still people who are investing with.

Both SHIB and Doge were popular in the past, but the coin are still on the market. We went through a period in the past when SHIB & DOGE in value tremendously, some individuals made huge profits from these coins. Currently several meme coins have entered the market, offering high prices and trying to attract the public. SHIB and Doge have been laying for so long that there is no guarantee of what they are going to do next. Although many are expecting a bullish price from the coins in the coming bull season but I don't think that will increase much. These coins are not totally unsuitable for investment, but invest according to your decision here so that you don't regret later.

Popularity in the present has nothing to do with the popularity in the future. People are coming to that project because of the early benefits of the project and after now they will abandon the project and face on bitcoin investment. And as you have said, people are excited because they got gain from the project from the first launched in the exchanges. And when they have sell them off then they would left the particular altcoin and go for another new one that is on the pipeline.
Those people are the altcoins hunters. They risk their funds and time to hunt for airdrops and memecoins to invest in the early stage.

I read someone say in his post that investing in meme coins is like betting on the lottery. For me, he has a point, and what he is saying is right; that is really what you are gambling or gambling with your money.

That's why you have to be good at hunting memes that have high hype and aggressiveness in innovation, and the partners they can get are big; it's possible to be successful in the end and be included in the top exchanges.

yes, there is a lot of talk about meme coins and it seems that many investors are making huge profits by investing in meme coins. I started to get interested in BOME coin and invested a little in it, after I felt I was making a profit, I got out and no longer intend to hold meme coins for the long term.

Basically they follow the hype and want to make a quick profit because there are also meme coins that give you quick profits but there are quite a few meme coins that make you lose everything.

For them, buying meme coins is like gambling, you can make a profit or a loss because meme coins do not have clear fundamentals but only take advantage of the moment. Or maybe they are tired of following the endless market, buying bitcoin is expensive and to make a profit requires patience. so they switch and look for new coins and hype in search of huge profits. I myself don't like buying meme coins. Apart from being afraid of losing, I am also not very good at understanding meme coins. Because many people buy meme coins just because they follow other people who have made a profit. I prefer to invest in bitcoin and top altcoins. The point is to buy meme coins, you must have good research skills and have a lot of money so that when you experience a loss you don't get stressed.

If there’s a hype, there is money and that’s why many are with meme coins again since its their season to get hyped and pump again so to those who are taking the risk, I’d hope you make a good profit over it. Though, I don’t suggest for a long term hold since I’ve said its seasonal and there’s no guarantee that it will pump again in the future.

It all started with Dogecoin which was popularized by Elon Musk. and at the end of the year more and more memecoins are released from various chains, such as ethereum, binance and now trending through the solona chain. and now memecoins have become a trend and people want to get rich in a short time. and this really happened.

Believe and trade at your own risk. Have enough conviction and confidence in the coin before you’ll do that. Not all meme coins are worthy of investing into , but if you find one with good market structure that has a strong potential to blow out in the future, spare some money on them because it’s always a big boom when it’s ready to make you rich. As much as it had advantages, be wary of the disadvantages also and apply proper caution when investing by only using what you can afford to lose.


That is the most fascinating thing about meme coins and that potential of making people rich is what has drawn more people to them and those that are hyped by celebrities are most ventured into because on those hyped by them which they believe it will do well in future. Treat meme coins as a more altcoin but it is never a bad idea to try something out of it but do it with much discretion.

     Maybe the others mostly exist, the greed really exists, and maybe you are always with a small amount when the price of the meme coins you bought suddenly pumped up more than 100x back. You wouldn't be happy about that, would you? What's more, when you really feel like you hit the jackpot, it even comes back 1000x return.

     The majority can't deny that the risk is also 1000x with it; in short, don't expect that the crypto meme coins you choose to buy will be able to give you or make you rich
because it's just luck like gambling.

People make huge money from memecoins and this have been looking like a random selection so far which real. I have seen a lot of posts from the pepe days now to the Solana memecoins days. An example is $Mother, $Daddy and some other celebrity memecoins by the celebrities themselves. See this
https://i.ibb.co/qjxCTR8/Screenshot-2024-06-13-01-19-13-762-edit-com-twitter-android.jpg (https://ibb.co/JtCqDzT)

You can make huge money if you get lucky and choose a project that will actually get some value later on. There has been no exact report of how many memecoins are there in existence or how much are created every day but this article (https://medium.com/coinmonks/spin-the-memecoin-wheel-what-are-the-odds-of-becoming-a-memillionaire-dfa6dfcfafd2#:~:text=There%20is%20no%20concrete%20figure,potentially%20conservative%20figure%20of%20100k.) estimates almost 100 memecoins are being created every day as we speak.

Think about the odds of picking a project that is still cheap and has the potential to still grow more.
$mother is iggy azalea's and $daddy is andrew tate's which are essentially popular names which is how it is no surprise to see their coins giving profit but it doesn't seem to have any utility so we will have to see until when it does well.

I'm convinced the main allure of memecoins is the tantalizing prospect of massive gains.  Let's face it, the idea of turning a small investment into a fortune overnight is incredibly tempting.  Who wouldn't get a rush seeing those green candles shoot up the chart?  It's that adrenaline, that thrill of the gamble, combined with a good dose of FOMO (fear of missing out) that really fuels the memecoin craze.

Of course, there are always other factors at play. Some folks might be drawn to the community aspect, finding a sense of belonging in the hype and memes surrounding these coins. Others might simply enjoy collecting them, treating them like digital trading cards. But in my experience, the vast majority are chasing those life-changing profits.

It's important to be honest about the risks involved, though. Memecoins are notoriously volatile. While the potential rewards are huge, so are the chances of losing it all. It's crucial to approach them with caution and only invest what you can afford to lose. After all, the thrill is only fun if you're not putting your financial future on the line.

The market trend in the form of high hype can also be exploited by buying meme coins, but it also has special conditions where users must also constantly control the price, otherwise a reversal can occur at any time. Pumping and dumping are very vulnerable to occurring at any time.

The easy Money they are looking for has trapped money to lose funds but people are still doing it because they is no money at anywhere to survive so when airdrops or Memecoins came out they would like to participate so they can have something to survive when finally launched. Hamster Kombat is launching it presale tomorrow and the telegram Channel of the airdrop right now is over loaded. Even this year people have lost a lot from memecoins. They invested in it and later in the month the project crashed and everyone investment got lost.

When investing you have to some basic things on the project. Understand the necessary abbreviations.

People are hyped about memecoins for a lots of reasons. First of all, they can blow up fast and make you rich quick. The communities around them are super fun and lively, full of memes and good vibes. Plus, influencers and celebs like Elon Musk hype them up on social media, which adds to the excitement. They’re also really cheap to buy, so anyone can get in without spending a lot of money. The fear of missing out (FOMO) when you see others cashing in is real. And, they capture the cool, decentralized spirit of crypto. Basically, it’s all about the thrill, the fun, and the chance for lambo.

Explode fast, get rich quick. It may happen but for me it is very rare, and to get the right results we have to work extra hard and be careful because most of them only last a short time and then go somewhere. If it's possible for me to invest with them I'll only stay for a short time.

Many people are interested in coin memes, especially there is a lot of hype going on about these tokens, therefore many people take the opportunity to make a profit when the hype starts, at the beginning of this year we can see very interesting movements only in coin memes. Even though many people know that meme tokens are more risky than altcoins, whatever happens, there are still many who want to invest in meme coins due to the high price spike.

Meme coin has risen after Elon Musk bought up a lot of Dogecoin, that's one of the reasons why many people really like meme coin lately, the continuous hype about meme coin has made many people who invest have taken big profits from the hype. Many new billionaires were born after several meme coins became popular such as Pepe, Shiba Inu and also Floki. These coins have made a lot of profit during the hype last month.

I think the reason people are really interested in memecoin right now is because memecoin can provide big profits in a short time, because the memecoin trend is currently very good, and I think memecoin is like gambling, if you are lucky then you be a winner.

Yes this can be a reason why people invest in memes because it will give profit in short period of time. But I think new investors are always curious before investing, there is a fear that if they buy a coin at a high price then it will go down again. That is, most of the newbies invest in cheap national meme coins. Depending on luck, investing in such coins can never really get ahead. But if you are a good analyst or have a good understanding of the coin then you can make a future opportunity out of meme coin.

is there really a billionaire produced out of these meme coins though, i don't think there is at best it was millionaire because from the market cap of the meme coin itself its just few billions.

but talking about meme coin, i think the reason it become so popular because people finally finding out a coin where they can just profit off the margin from the volatility, trader tend to seek volatility that's high to make high profit, either they can go with leverage and risk their money with the margin just for the sake of bigger profit or they can go with meme coin by simply holding it and people seem to think that meme coin is more interesting than going on high leverage but the rugpulls and scams that's so common with meme coin is such a hindrance for many of people granted that the profit they can make is also really high.

It comes down to preference at the end of the day and the fact that these meme coin investors which is called degens are just that kind of person who seeks full volatility without limit.

Most of those who are interested in meme coins are people who like playing games in forums, this year's meme coins are very popular among investors and even continue to appear every day. The right reason is that meme coins were trending a few months ago until today they continue to shake up the crypto market so many people are switching. investment from AL coin to meme tokens. Several people have succeeded in making a profit from joke tokens such as Shiba, Floki, and also Dogecoin as the most popular meme coin. I hesitate to take advantage of joke tokens because the risk is greater than the benefits provided.

Especially those who are lured by others making money without any prior experience. While Pepe, Bonk, and Shib have performed well, these are just a few examples. The reality is that most meme coins drop in value very quickly, making them highly risky. One should only invest in these coins if they have extra funds they can afford to lose. The harsh truth is that it's all driven by hype.

Most investors are attracted to investing on memecoins as a result of the hype in the market.Memecoins are aimed for making quick profits and not for the long term.Memecoins are quite risky to invest due to their high volatility and unpredictability,for the fact that most tokens are risky to invest doesn't mean that other investors haven't benefited from it,most folks that have benefited from memecoins are those that knows how the market works.Risk management is an essential role while investing on memecoins in essence invest on funds you can afford to lose.

Meme coins can give us big profit but every year is not in the favour of meme coins like previously only one or two meme coins were considered as beneficial but this year is lucky for those who are interested in meme coins and want to make quick profit. 

Meme coins have no guarantee about future success but still people are investing more and more in meme coins because they want to take the risk but desire to have more money in little time. Meme coins investment is totally based on luck so if you are lucky then surely you will win through this investment but if your fortune does not possess profit then meme coins will just be a risk for you.

Memecoins were trendy these past few years. It still is but I think there is something that is becoming even more trendier.

GameFi, even though I know is not exactly new, but I am seeing more and more projects in this sector. This time I think it is with the addition of telegram as a platform that makes GameFi more unique and trendy these days.