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Every day, thousands of memecoins are launched, and unfortunately, around 95% of them turn out to be scams. This scam epidemic is affecting many people, especially newcomers who lack experience and are more vulnerable to such scams.

The issue arises when newbies join the crypto space and fall victim to these scammers, leading them to blame all of crypto as a scam. While some memecoins have indeed damaged the reputation of the crypto industry, others have achieved incredible success, with values skyrocketing by 100 or even 1000 times.

For beginners, it's advisable to steer clear of memecoins. However, if they still want to get involved, they should consider investing in memecoins listed on reputable exchanges, even if it means earning lower profits. One example I follow is Bitget's memezone, where memecoins may not be listed at the start of their project but get listed at an early stage. Unlike DEX, these platforms provides more security, reducing concerns about being unable to sell,or removal of LPs.

Its already been long time since these crypto scam projects are existing and this one would really be that starting with those ICO days on 2017-2018 and even to now. The trend now is into those fast launch project
or memecoins that we do have in the market on which it cant really be that denied that meme coins could make you rich but it would really be having the disaster if you arent really that careful on what you are investing.
I could really say that it would really be that a gamble if you are really that not careful on choosing but knowing that crypto meme coins doesnt have that actual utility then investing into it
is really that not that ideal nor worth at all because you would really be putting yourself on great risks.

Its not tarnishing because people already get used to those scams but honestly there's no one would be scammed if they wont really be tending to feed out those scammers or fraudsters with those
fake projects around but it seems that people are really that fan on dealing with scam projects and continue on doing so.

Not all meme coin are scam but it is obvious that many scammers have hijacked the trend and all they have to do is keep creating new meme coins and launching them to make money from innocent investors that have no experience about the market. Truly they are tarnishing the imagineof cryptocurrency and there is nothing we can do about it unless the government comes in and sanction crypto projects that tend to become rug pull. We just need to be very careful enough so that we are not going to fall Victim to scam projects that will nit last long in the market.

They are tarnishing the image of cryptocurrency, but giving people more of a reason why they should invest and focus more on bitcoins that has always been the better option of the category. Some people become victims to these scam projects that leave bad lessons on cryptocurrency because they feel that they cannot make profit from bitcoins again if they buy only it, or either because they are already late to investing, or because many people have already invested in it.

Memecoin are have a bad impact on crypto overall when we take a step back to take a macro look ay it. they have successfully painted crypto as a get-rich-quick scheme and often leaves a sour taste in the mouth of many when the whole thing implodes (which happens often).


It's a good approach to manage risks but then, I don't think there is anyway to properly vet a memecoin project especially one that is yet to prove itself. I'll suggest one not to be too trusted with Biget's listed memecoins. Binance had innovation zone and it didn't work out well in the long term.

Aside from that, if the government comes in and sanction those potential scam projects, the number of legitimate project that were sanction will increase. Those too good to be true projects are tend to be scammed but those who aren't are real. It's easier to said than done that's if ever we have a chance to accused a project, better to think it twice before we make a noise because we don't know what their real motive. Other than that, some of those in a government are good at taking advantage of opportunities so be careful.

Without a doubt they are a contributing factor, but it is not as if meme coins are the only coins being created each day which later on turn into a scam, most of the altcoins on this market do the same and it would be unfair to blame meme coins exclusively over this problem.

That being said, there is not much which can be done to solve this problem, as due to the nature of this market anyone can create their own coin and promote it through social media if they want, and newbies are also free to buy any coin they may like, even if it means losing all the money they invest in those coins.

Is there any information regarding this Bitget's memezone and how does this work? So there's some kind of collateral if you want to get some of these memes you're talking to? I wonder what's with this security if you're just buying a meme, you should have explained it here precisely rather than leaving us behind with too many questions.

I wouldn't say so. Crypto itself already had a bad image due to the many scammers that popped up in the past (and even now), meme coins being one of them. While some, while questionable, do bring about some value due to the avid fanbase it has, a lot of the rest are just scams though.

I wouldn't blame memecoins though, every type fo industry has a bad side that most people despise, not just in crypto. And beginners, being well, beginners, can end up being there and incur a lot of problems. It's probably just more apparent here since money is directly involved. Besides, if people get to know crypto well enough, they'd know it's just that side there that's like that.

I agree most of meme tokens, tokens not coins, are scam but I disagree with you that every day, thousands of meme tokens launched.

Would you mind sharing sources of this figure, please.

Can you change them?

If they are greed, let them be and they will stop their greed and stupid investment style when their losses hit their limits. Because they are greed, they are vulnerable to all types of scam, not only scam meme tokens in cryptocurrency market.

Removing LPs is called as rug pulls but scam projects can scam exit even they already listed on centralized exchanges CEXs. Newbies should not think if a project is listed on Binance, it is not a scam project.

Rug pull definition, what is it? (https://coinmarketcap.com/alexandria/glossary/rug-pull)

This is a free market on which it wouldn't really be that so hard on making a new coin specially on BSC or even on erc. Most scammers would really be just having to put some liquidity on the time that it would be touching up those DEX on which it would really be just a show off and trying out to lure in those investors and believing that it would really be that some coins that would burst out in terms of their  value in short time.
We cant really be able to blame some people because once you do really be able to get in on earliest time as possible then returns would be massive but of course the risks is really that too high.

Its true that it isnt only all to be blamed on meme coins but also in other altcoins as well on which there are really tons of rugpulls that do happen on this market on which its not really that only limited into this space.
There's no way on stopping these coins to exist because it would really be that just easy on creating one on which it is really just that a normal situation here on the market.
As an investor then the best thing to do is always do your own research and always having that risk management when it comes to your investment decisions.

I think it is quite the opposite. Memecoins are actually making crypto even more famous among the youngsters and that's obviously not a good thing. Lots of young people started their crypto journey with dogecoin probably. If dogecoin didn't exist, these people would never know much about crypto. Don't focus on the prices too much, yes climbing prices are a part of this game but the network effect is far more important and dogecoin brought lots of people in. I think there are some good memecoins and the absolute best of them is obviously dogecoin and I don't have any problems investing in it.

Memecoins are better invested during the bull, this is the best time because you should be ready to cash out soon with the pump before it dumps. So it is not all of them that are scam but they are low volume as they hardly create demand because of their usage which doesn't really reach out to large number of people niche. Another factor to look for is who is under the memecoin, who controls or hypes it. Like Elon musk hyped dogecoin, many people began to buy it because of who was identifying with dogecoin .

People are seeing the Dogecoin market as a success for memecoins, and in fact the price of Dogecoin has increased due to the increased demand for it due to Elon Musk's tweets.
All memecoins that succeeded were not the criterion for success being memes, but rather because of the demand, which will lead to a rise in the price of any currency, regardless of its nature.What is happening in memecoins is scam, as they promise the user quick profits and false promises, and the problem is not in the memecoins, but in the people who believe this propaganda without any analysis or thinking.

Although it's true that some people have had bad impressions of cryptocurrency generally because of the experience they have had with some scam altcoins out there, if only anyone in that category also realised that there are thousands of cryptocurrencies and made sure that they invested in the one that was more dominant, like Bitcoin, then they would not really fall victim to scams. But the reason why some fall victim to scams is because they saw crypto from the beginning as a means of making a short-term profit because of the pump and dump scheme of those alt and meme coins. Most people see Bitcoin as an asset whose price is too high for them to purchase, and for that reason they rush to look for those cheaper coins, which at the end of the day will still disappear with their money. The fact is that those memecoins will never cease to arise; people just need to get used to having better knowledge about crypto generally so they know what decision they are making to invest in any crypto.

Yes definitely it is getting worst day by day. In the past we were so clean with the Bitcoin alone but immediately Altcoins started popping out from nowhere. Initially even the altcoins were giving good results but they also started to scam people. Then thousands of altcoins hit the market.

Now, we have “different categories” of altcoins with differently mastered scam ways. Lolz.

There comes the meme coins category. The cheapest one you can buy on the market and manipulate easily. Started to attract newbies a lot in the hunger of making quick profits. But it’s surely going in the bad direction.

Please note that only a select few memecoins are preferable to buy in during a bull market; otherwise, someone who is unfamiliar with cryptocurrency might assume that all memecoins are excellent to hold during a bull. Because they are aware that people are prepared to cash out in any case, coins, real or fraudulent, act in the same manner during this time. People have started to differentiate between legitimate and fraudulent pumps once Elon Musk started pursuing dogecoin. During this time, one of my friends lost money to a phony pump and gave up on investing in cryptocurrencies. Ever since, he has been vigilant about the type of coin he plays with.

Newbies shouldn’t rush into investing in any coin asides from bitcoin when they newly join cryptocurrency and want to invest. The best they should do is seek for knowledge first before going on to invest. This will immediately save them from the risk of investing in such memecoins.


Most of those newbies join the crypto space after been told about how a particular coin skyrocketed and people earn profit from them. There mindset were already groomed that they’ll make profits if they invest in some coins, which does not turn out to be so always. They were only told the advantage and not the disadvantage of investing in cryptocurrency.


That’s just like reducing their chance of loss. As long as it’s a meme coin, more than 90% of them will exit the market since they can’t withstand the market pressure and volatility. And some exit after the inventors already made their profits from people’s investments.

I think whoever that is investing in cryptocurrency or any other business should at least do an elementary research on what he or she is about to invest on. You don't expect to randomly invest on every coin that has low price or that is hyped. Your friend is part of those that wasn't careful to take his time , at least he would have known by the time of investing that the price have done far more than expected price from $0.02 to $0.70+, that was a big performance and it was expected to drop just as bitcoin was dropping also. We need proper research to avoid unnecessarily.

Hmm, ICOs and all types of pre-sale projects maximum of the time disappointed the investors as such types of projects are designed by the motive of fundraising and then wooofff.. Disappeared haha. I have seen a lot of such projects in my early days. Haha, I haven't seen a single person dear who is Millionaire by Investing in the Meme coin. I know you may argue with the Shib and Doge with huge returns, but do you really think most of the people who invested early really booked the profits at the ATH?

Even at ATh or on high prices those who really booked some decent profits made re-investments in Greed and lost what they've gained before. Meme hunting is Injurious for your health haha even though for your funds. I will endorse your view of never going before the meme hunting.

^ Investing in memecoins can indeed be profitable during bull markets, as these periods often see significant price surges and hype around certain coins. Timing your investments to catch the pump before it potentially dumps can be a strategy some investors use to capitalize on short-term gains. It is definitely right, it is true that not all memecoins are scams, their low volume and limited usage can hinder long-term sustainability and mass adoption. Many memecoins cater to niche communities, which can limit their mainstream appeal and demand just like for example Elon Musk's support for Dogecoin is a prime example of how influential figures can impact a coin's value. The hype generated by well-known personalities can attract a surge of buyers, but this should not be the sole reason for investing in any cryptocurrency.

Even not on the bullmarkets on which there are still people who do make out money with meme coin investment but of course its not something that would really be giving out some assurance but rather

it would be a risky move to be done by someone but profitable if it done right plus having the luck because not all meme coins do pump and just like with those typical altcoins in the market on which it do really make out tons of rugpull and this is why people should really be careful on investing to this. We've seen into those trends on which making use of Dog based meme coins and next we do have those pepe like coins and next is to those having that cartoon characters kind of naming with those coins and so on. Recently, i have seen about 2.0 or 3.0 or this had become the trend
and i dont know on whats next because it do keeps on having those kind of changes when it comes to name hypes and something like this.

About on the issue about tarnishing then its pretty common that there would really be frauds and scams projects which these things arent something new and something that should really be careful about. Dont make yourself get dragged with the hype and always DYOR on choosing up your meme coin but dont expect something like this to be hold up for long term because we do know
that meme coins arent that good on holding for long and just good for short term duration.Just look for one time pump then get out on securing your profits and then find another one.

In my honest opinion, most of crypto is useless. Now regarding meme coins, Some people get overnight rich with them and some fall to scams — those who become rich will praise crypto even tho it's mostly useless whereas those who fall victim to scams or just lose money in market will blame it despite there being low percentage of good things in it. I think somehow it evens out.

I don't think with present of meme coin give impact for tarnishing the image of cryptocurrency, many people earn much profit after investing in memecoin actually if you still remember with shiba coin when success listing on Binance many investor earn more than 1000% profitable due increasing price. Actually present with memecoins will give unique cryptocurrency to earn much profitable than investing in top coins difficult on short time can raise more higher than memecoins.

Not problem investing in memecoin and its tarnishing the image cryptocurrency, be careful with investing in memecoins have start in the early time when launching to public, don't push your self to buy memecoins when price raising up because high risk when price going down difficult recovery to higher price.

Be careful with this advice, some might take it to heart to do it and they might just blindly invest in shitcoins hoping to hit the jackpot. Remember when Squid Game got popular and some scammers created a token of that but then created a pump and dump scheme to scam their buyers who can't do anything about it, that's the implication of people riding on anything that trends without thinking. In regards to the question about memecoin being a bad reputation for crypto, I don't think that it is because there's far worse stuff that people associate crypto with like Darknet stuff and money laundering.

Why should the blame be on all cryptocurrencies when those newbies don't do any research before making any investments? Who in their right senses would spend their money on something without even getting to know it first? Would you do it? I don't think so because I wouldn't. No one likes to lose money, so when someone is making an investment, it's their responsibility to first do some research about it and understand how it is and how it works, and what it is, and then go ahead.

Those newbies who get greedy and invest in these meme coins are to be blamed for that because they know these coins can sometimes provide great profits and that is the reason why they invest in them, otherwise, even they know that these are not actual cryptocurrencies but are just shills.

Not really because even if meme coin is known to be a pure scam it didn't give any big problem as a whole since many already know that there are just a scam dev take the advantage on what is the current trend in some particular season. And beside there are so many things that people would probably love about crypto and meme coin scam is just isolated cases which people can avoid if they just do there research before investing.

Not all memecoins are scam according to me. The coins which are launched on daily basis are just use to scam, and I don’t consider those as memecoins. A memecoin should be popular in order to consider in that category. Whereas the scamcoins main motive is to scam investors money and do scam exit. Regarding tarnishing the image, then yes these provides a different perspective towards the people about crypto.

Those who are beginners and starting their journey, they should always consider starting with Bitcoin. Newbies are very easily influenced by price jumps and quick profits. That's why those coins that are growing based on trends most likely attract newbies the most. This is where meme coins play their part. They create hype and as it is a meme coin, other growth done by some meme coins previously that are doing well in the market makes it look like it got the potential too. But as newbies lack knowledge, they can not figure out which one is a scam.

Bitcoin's development and the time that it has existed is proof alone that this will be the best choice. It is not going anywhere. Quick gain and greed is not the best option while trading/investing. Start low and then look for the bigger fish. Meme coins are a part of altcoins. So they are shit.

This is true that meme coins become scams but it is also true that there are meme coins which give lots of benefits to its holders. The main thing behind risk factors is that it goes down to lower price very soon so those individuals who are involved in short term trading will loss all money in a matter of seconds.

There is no doubt that some meme coins are scam but people before investing should acknowledge that on which exchange it is listed, scamming other people is easy but if one use his mind so wrong decision will be rarely made.

It's not only meme coins, but any new project has the opportunity to destroy the image of crypto by scamming those investors.

On the other hand, there will always be new investors that will invest into the crypto market, and unfortunately, these are the targets of these scammers. The problem with some investors is that they can easily get attracted with the amount of money that they can get if they invest into that project whether it's a meme coin or not, and not thinking of the possible risks that they can get. They don't care, but what they care is the money.

While I agree that meme coins can tarnish the image of crypto, I still believe that there are still good things that meme coins can give. Just think of how Elon Musk hyped crypto with his DOGE-shill a few years ago. I'm pretty sure because of that, new investors came thus, new money came to flow, and at the same time, the popularity of crypto just went up because we know how influential Elon is. Though many investors lost from that DOGE hype, we know that crypto in general became more popular because of a meme coin that's been hyped.

Overall, meme coins not only tarnish the image of crypto, but at least it also boosts it's popularity in one way or another.

Not that new anymore on which people would really be generally be having those kind of blaming on the time that they would really be able to experience out unfortunate events on their investment here on crypto space
on which they would really be that conclusive when it comes to that kind of approach that everything is really that tarnishing crypto space and would really be that pour into meme coins without even trying out to realize
that even those typical altcoins would really be just that the same when it comes to those kind of situation on which scams and frauds are ally just that lurking around.It is really just that there are really projects
which are totally fraud and been created for the sake of money grab with those newbie investors on to those who arent that making their research before funding on a particular project.Its not something new
anymore and this is why you should really be that be careful on choosing which one if you dont really like ending up on losing money. One of the risks of losing money is through scam and fraud
project and if you do make yourself not really that careful with it, then for sure you would really be suffering those huge loss.

If that is the problem then just forget about such a new project, a lot of memecoins that was launched and most of them did not get a place in the market and in the end scam. This is a weakness for some beginners and they are easily fooled by the new project launched, they must try to analyze and continue to find sources before being involved in it. But in my opinion there is no connection in the case of girishing that can damage the reputation of Crypto, because we are used to seeing the release launched and the next day there will be fraud.

It is very difficult to check for memecoins and especially for beginners who don't understand anything. It is better to avoid being involved in such a new project because of the opportunity to get enormous losses and better focus on the main objectives of Bitcon. Fraud epidemic is based on the extent to which people can avoid the nature of fraud itself and how to have knowledge so as not to get caught up in it.

Well, wherever the money is then the crowd goes there as well. The problem with these folks is that they're able to attract other people invest into meme coins.

That's why these developers have seen that potential that if they just keep on doing it, the money will just keep on flowing on them no matter what useless meme coin they make.

If we talk about quantity, there are way more scam tokens in the name of meme coins than those that make a few people rich overnight, it's almost like a 100:1 ratio approximately, so I don't think that it evens out because it is making a bad name for cryptocurrencies in the first place as meme coins that gain significant success are not a lot in quantity. The victims of meme coins are mainly newbies because they think they can get rich-quick through cryptocurrencies.

But all in all, if we take out meme coins from the industry, we will have a much better and cleaner place for serious investors. These meme coins are the reason why a lot of serious investors decide not to invest in cryptocurrencies because they think they will also lose their money in scams.

I don't think serious investors would exclude whole crypto sector just because of some shitty part which is meme coins, at most they would just stay away from memecoins or may be invest little money as a gamble.

Broadly speaking, coin memes that are proven to have committed fraud, will certainly have little effect on the image and reputation of crypto currency. Especially for beginners who are trying to buy crypto for the first time, but because of ignorance, these beginners instead buy spam or fraudulent coin memes, and in the end the beginners suffer losses. It is certain that in the mind of the beginner there will be a perception that cryptocurrency is a fraud and cannot be trusted. So in the end the beginner, more or less definitely will not trust cryptocurrencies too much, due to these losses.

However, it will be a different story if those who experience losses due to meme coins are people who understand enough about crypto assets. Of course, even losing money would not brand all cryptocurrencies as scams. Because in his mind there is knowledge and knowledge about cryptocurrencies, which can already distinguish which coins are high quality and which coins are of less quality. So this is where it is important to study first before plunging into the realm of crypto currency.

So in conclusion, coin memes that are indeed fraudulent, will definitely more or less have a negative impact on the image of cryptocurrencies. Because after all meme coin is a part of cryptocurrency. So basically the positive or negative impact caused by the meme coin will always affect the image of crypto currency. But keep in mind, not all coin memes always commit fraud.

Investors, especially whales, will always try to take the opportunity to be able to add to their assets by risking their money in small portions because they know that if it turns out that the chosen meme coin can be pumped it can provide big profits in a short time.
And the presence of memecoin will never tarnish the world of crypto because precisely the presence of coins like that will provide a lesson which coins are indeed worthy of being used as long-term investments.

Big investors like whales have very big capital and they are enough experienced as well as have enough patience to make plans and gradually execute their plans. They can do it over many months without any problem such as FOMO like amateur traders and investors.

Because they have big capital, it's reasonable to split their capital to different parts that are bigger than small investors' capital. One more reason that forces whales to split their capital and do their plans over long time, is if they use all big capital in one day, it will affect the market price a lot. They don't want to make such big signal in trading volume and price break out and they would prefer to accumulate or take profit, distribute capital slowly and gradually.

That portion reminded me of a quote I read in a book that even bad in the world is only servant of the good.

How sure are you though that people already know that a meme coin is a scam? Just so you know that many people are still falling for pump and dump scheme and it's easy for those scammers to pretend that they are a legitimate one. The problem with your optimism is that people will check out crypto in a more in-depth after experiencing scam is highly unlikely. Even if you say that it's isolated, news stories will still make a big deal out of it and people are most likely to associate that case to cryptocurrency as a whole.

I think what OP is trying to say is that with a lot of scam meme coins out there, it's tarnishing crypto because those are the first thing that most newbies to crypto encounters which makes it frustrating for them and crypto ends up giving a bad first impression which might discourage a lot of people from even going deeper in the cryptocurrency rabbit hole. Regarding the question that's in the title, it's not the meme coins itself that's tarnishing cryptocurrency reputation, and not all meme coins are scam per se, maybe a market manipulation toy for whales but scam is a bit far fetch.

Of course, meme coins tarnish the image of cryptocurrencies, but meme coins listed on reputable centralized exchanges remain much less risky than those traded on DEX, especially on low-fee networks like Binance, where it is quite easy for any scrammer to create a meme token with a small amount of money and then make some liquidity and false indicators to attract victims.

Of course, this is in addition to those tokens that you can buy and then not be able to sell later, so the option remains much less risky on the central exchanges for those who want to try their luck by buying one of the worthless meme coins.

Only newbies will think about crypto is scam as a whole because they got scammed by those meme coins which they didn't even research first before they invest. But for sure once they get enough knowledge about it for sure they can separate the thoughts about scam or any negative impression on crypto and can properly separate the scam and which is not since they are aware about the schemes made by people to take advantage for their own personal gain.

The meme coins serve as a form of community building within the crypto space. They can teach newcomers to cryptos and blockchain technology. The main thing is you can earn a big amount of profits or losses from meme coins.

As a newbie trying to join cryptocurrency, meme coin shouldn't be their target, the coin which they should focus on should be bitcoin, which is still the most populous coin, so any newbie that's trying to join cryptocurrency and his/her target is meme coin, then the person is just joining maybe because he/she knows people in crypto space and the person also want to jump into it, maybe looking for quick money. Bitcoin is more populous than an any coin, so if you really want to learn anything about cryptocurrency, then the first thing you will see is bitcoin. So its left for newbies to ignore bitcoin and go for meme coins.

Meme coins are just being hyped, they have no use to crypto space, people will just create and hype it, after making money they will decide to dump it on people that invest in it, Am sure its just for a short period of time and meme coin period will be over, you might not even hear about meme coins anymore.

First impression would really be like this on which it is really that true on which on the time that they would be experiencing some rugpull or totally deplete out investment due to scam projects then they

would really be having those common words or lines that crypto is a scam without even trying out to look at that the only scam is the project that they had invested into due on because they had become that greedy. This is why it would really be that wise that you should really know on what you are dealing with. Memecoins or altcoins then it would really be just the same which there would really be scam developers would really be tending on creating one. This cant really be stopped and as long that there would be people letting themselves getting scammed and lose up money then this would be a continous thing here on this space.

This is why it would really be always that wise that you should really know and make out your own research before diving in.Usually this is always the error of someone who doesnt really
do his assignment or step first on making investment and just hurriedly making out actions without even trying out to think whats ideal or whats risky.

Actually, not only meme coins but other shit coins. Because every time there will be money hype that makes so many new projects with the tokens they offer. And most of them are shit tokens. There is no long term hope for them usually, it's just very small and it also won't be safe, in this case it's high risk.

But I wouldn't say that it's Doge, Doge coin has existed for a long time and indeed this is the most recognized meme coin. But for the others, I think it's just following the Doge trend as a meme coin that has gone viral because of the fantastically high price.

I'm sure there is no data about the numbers you mentioned, ie. Thousands and 95% (5% is very generous, in my knowledge there are there meme projects surviving which are: Doge, Shiba and Pepe). Better to not give definite numbers when you don't know.



Meme coins is just new trend in terms of shitcoins. We saw Bitcoin forks, icos, defi and now meme coins. In each of these few coins survive in long.


No one cared about doge until shiba came and shuffled the memecoin market.

Teaching newcomers about crypto?
Do learn to take a lot of losses due to crazy price fluctuations with hype at the beginning and will dissipate by the end of the trip. Memecoin is very risky and not recommended for beginners, if they are not prepared to lose. Memecoin is indeed a form of community building, but the community that is built really needs to be solid, not just for the benefit of the memecoin developers. There are many goals that can be achieved, so that the memecoin can be useful and grow.

You know if there are other investors here in the crypto space who are investing in memecoins, it is because they are participating in a small amount that they can time that there is a potential for the value to increase in the future, as happened with Pepecoin, Shiba inu, and dogecoin they can advance in life immediately. And we can't stop it if it's their choice of decision. Especially since they are willing to lose the capital they will use for meme coins. And I also think that this mentality will not disappear from other people in the crypto space, who knows if the era of meme coins will come.

I feel like the risk people are taking would be higher so if they are trading on CEX  that doesn't just tarnish crypto, but it tarnishes the exchange as well. I mean look at Binance, they are super rich and make billions and they are still listing some meme projects just because it has volume.

I get it, because the trading volume is high, that makes it more profitable to list since they will make money based on the trading fee and that's why it's a risk, but I believe nobody should do it like that, people should end up using it a lot better. Binance should be above all of this, they have enough money and they do not need some more just from memecoins. When they do list them, I just feel "you have enough, why drop yourself to memecoin level?".

Let's take a minute and look into some things, from your first paragraph, you said 95% are scams which I myself can attest to, they are frauds hiding behind the hype to milk money from onena be investors of altcoins we have in cryptocurrency, they don't do research or any sort of background information before they threw money into this crypto projects and you know what, I'm very confidence that when another hype comes around, many will buy into the scams and cry later, the only thing they understand is loss and they never learn.

Following your second paragraph, is there actually a meme coin that is still profitable till today, apart from the norm of Elon tweets to make massive candles on doge coins, even Shiba Inu is struggling for survival, most people even bought it at ATH and they are all sitting on the same bench with high hope that it will bounce again to the moon but if Meme hype doesn't return by next bull run, then they are as good as wasted projects.

My third observation on your third paragraph, from now on till before the next halving, as long as we don't have a new trend in crypto, the current meme coins hype and the scam is the only profitable thing developers do just like when we had ICO time back then in 2018, meme will also last for the same months until there is another fast opportunity to make money in crypto but at the same time, I'm skeptical about what the new trend will be in the next bull run.

There are good memecoins and there are bad memecoins. And yes they tarnish cryptocurrency image. The team behind these coins that intrinsically has no value are only after the money. They will wait until a lot of people invest in it and the price appreciates only for them to pull the rug. The naive investors who didn't do their research and who cannot different memecoins from others will eventually call Bitcoin and other honest crypto project a scam, tarnishing it's image.

But that scenario achieve by the meme coins mentioned is not happen all the time with other meme coin since majority of those is built for scam and to bad for the investors if they believe that there's similar will happen to the coins or tokens they hold but they just end up being scammed. Much better if they do more extra careful on their investments and maybe holding meme coins should less on their priority. Best for that coin is for temporary investment since to risky to decide for holding it.

And with a simple logic, CEX or DEX both are after with the potential earnings with a high volume there are lots of money that involves
making sure the fees will be converted to profits.

Memecoins are tarnishing the image as newcomers who think that they can be lucky and will have that chance to earn money just by
simply investing and trading this kind of projects without doing any research.

Early traders who ride before the crash / dump will take that chance, but most of them who invest last will suffer.

Never ever consider on holding some meme coin because most of them would really be having just that 1 time pump then eventually dies which the dev or owner of such coin would just simply create another one and trying out to hype it and the cycle would continue and this had been always the case on which its never been that ideal to have that kind of approach specially on meme coins unless if you are dealing with some legit projects then you could really be able to hold up for long term but for meme? Nah, better not to have that kind of consideration.

Not all the time we would really be making money or profits with meme knowing that it could really be considered to be a gamble most of the time. If we do try to look around on how fast these meme coins been created then it would be just the same on how fast they would vanished out on thin air. Lots of things needs to be checked around before you do proceed because if you arent really that careful then it would
definitely be making you lose tons of money and realization would really be coming at the end and this is something that you should have avoided earlier.

The problem with fraud concerns not only meme coins, but also the entire cryptocurrency as a whole. And of course, in such a number of meme coins are not issued daily, as you write about it. Nevertheless, you should carefully choose coins for investment, since any mistake can eventually lead to the loss of money.

Because at the end binance like any other business was created with a single goal in mind, which is to make a lot of money for their owners, any other stated goal besides that is nothing but a corporate lie conceived to deceive their clients about the true goal of any bussines, so Binance is unwilling to not list a meme coin with high volume as they know that if they do not do it then another exchange will do so.

And while Binance is the biggest exchange at the moment, it is also known that no business can remain at the top forever, and disregarding huge opportunities to make money is something they cannot afford to do or some other exchange will eventually catch up to them.

Binance take care about business and fees listing commission only without care how profitable about some memecoins listed on their exchange market, we know how much expensive listing fees on Binance exchange and owner of memecoins get public interested with their coins after announcing listed on Binance. All kinds of memecoins not promising for long term investment how ever get guarantee with Binance or other exchange for listing, get hype on the early moment listing then will drop drastically and Binance kick out or delisted with many kinds of meme coins in their exchange due less transaction volume in daily day. For memcoins lovers, not wrong investing there but entry in the early and sell as soon possible when price pumping without hold for long term.

Obviously they bring a bad name to crypto and I could say that the fault lies in the newbie for investing in that coin but the biggest marketing occurs for these shitcoins only because Bitcoin does not need any.

Even so there are people who make money from shitcoins like the ones who promote them but definitely the ones who invest and trade, earn less. They are planned scams and hence the ones who are part of the scam are the biggest winners and not the ones who play with the fire.

To be honest, we can debate this at length but to keep new traders safe, I suggest to stay away from shitcoins and memecoins as much as possible.

Since many of these memecions were developed to defraud people and to help their creators become rich, rather than for any real social good, memecions are seriously damaging the reputation of the cryptocurrency sector. Therefore, those who frequently participate in these memecions, especially beginners, easily lose their money. As a result of all these misconceptions, some people who are unfamiliar with cryptocurrencies mistakenly believe that even Bitcoin operates in the same manner. Many people began to lose interest in the cryptocurrency market after hearing the news that some people had lost their money in the industry by investing in certain projects.

Before that, the cryptocurrency sector did not have many memecions, it is unlikely that you have heard that people have lost money in the field. To prevent being taken advantage of as a newcomer in the bitcoin market, you must have serious information and stay away from memecions until you have more knowledge that enables you to conduct appropriate research and be able to distinguish the coins with a solid reputation, you should only to invest in Bitcoin first with you basic knowledge.

Memecoin is now the favorite of many after seeing some significant investment profits in the past. Some investors believe that Meme coin is the only one that can take them to their destination. As a result, they try to invest most of their money in memecoins. It is also true that during the last bull market memecoins gave the highest profits to the investors. But there is no doubt that most of the Meme coins that are constantly coming to the market and after a certain period of time they will scam. Maybe temporarily there will be good trading value but after some time all those memecoins will disappear. Investors must choose the right asset if they do not want to lose money.

Meme coins are only for the people who made an early investment in the project before it releases in the market and gets hyped by those latecomers the ones who lose most likely to their investment. The reason why newbies want to take a risk with the meme coins is because easy money, but you must need to make sure you are the first investor, I'm not getting to promote meme coins for me its part of the category if shit coins just hype. Risk at your own asset.

Yes memecoins are tarnishing the image of the crypto market because alot of individuals are losing to this scam projects more than those making money from them. Majority of the memecoins are scam but they still get hyped by the influencers because they're been paid to do this and this mislead those following this influencers in hopes of getting good altcoins for them to research on and invest. Memecoin has done more worst than good to the industry.

Individuals it has made rich are flexing their wealth to get attention and others believe they can get same wealth if they invest in other meme coin and that's when the scammers profits as they can create multiple scam projects and sell the scam tokens to investors.

Memecoins are not targeted as scamming people, but scammers uses them to penetrate in and scam others interested in their investment, it is not also advisible for newbies to go with investing on those coins and tokens because there are scam projects among them and it will be very difficult to know any, the more these coins were being launched the more the tendencies of having some to be scam among them.


As a newbie, you're not expected to just jump into any cryptocurrency and invested, you need time to know how things works and how to differentiate from the ones to invest and the ones not to, you have to do tour own research on that and not every newbies may be able to know how to conduct a thorough research on crypto projects before investing.


It's part of the tricks they use to hype the coin value and market cap to deceive potential investors, when scam like this occur, it takes away part of the trust people have with cryptocurrency and it's reputation.

I do not understand the logic of it, why did it become so much interesting all of a sudden? I get that it is not going to be something to be shocked about it and that should be the important case here. I get that not a lot of people actually do that badly, I understand that some people made some money but that doesn't change the fact that it is not really a needed thing at all.

I believe that it is not that shocking at all. I hope that people can make the difference between the two and could make a profit in the end. If you could just focus on it as just a meme project then you are not going to end up with any profit at all. Hopefully it will get better, but looks like it may not and it may crash very hard in the near future.

We cant really be that conclusive when it comes to this matter considering that even if tons of people who had lost up their investment on meme coin venture but we cant really deny the fact that it is really just needed up

a little bit mix of luck when choosing up a particular coin/token on which on the time that you do able to hit up the right coin and been pumped out. Even with the minimal investment or few bucks could really be resulting
into life changing amount. Lottery or pure luck based? Possible but this is something that more faster or having that lesser risks or having that huge chance that lottery itself.This is why its not really that shocking that there are tons of people who are really that fan on dealing up with meme coins despite of the risks that it do really impose.Ive been there on which did really have those kind of impulsive approach into meme coins
but on the time that i have seen that ive been spending that much on it, then i did really stop but there are occasions on which if i do see that it does have the potential due to some those common analysis approach
then i might throw some few bucks but im not really that expecting much and this is how should other be people on doing so because if you are that expecting too much then you would really be finding yourself
on possible huge trouble in terms of finances spending.

I think the mentality will eventually go away. There are a lot of people who are still making mistakes after mistakes and I believe that it will cause a rift between people and meme coin investors will end up losing a lot more money then they assume they would. This is going to be something that is important.

I believe that if they keep doing this then they are going to end up losing and that should be the important part of it. I hope that it should be something that would be an important key factor here. I know that it will take some time but that doesn't mean that we are going to end up being something that is much more important. The situation would be as great as it gets and that should be the important part in this situation

people will learn on their own time. so let them explore their opportunities with meme projects. they will soon learn quick once they start losing money on this market. they may give unfavourable image to crypto but once people are educating themselves, they will understand that it is the people behind it are the ones ruining the crypto image. but the technology itself is not to be blamed by those fraudsters.

   

There are scams around is every day that try to steal our money. For example, I receive scam mails, text messages and even phone calls every week of people that have special deal for me. We need to be cautious in every aspect of life, crypto currencies are just one of many. That is why it's so important to teach people more about the crypto world, only educated people can evaluate the risks correctly and not fall for scam projects. Another thing is that for any beginner it shouldn't be about buying meme coins as their first investment. It would be much better to start with a bitcoin investment before buying more exotic coins. When buying the leading crypto currency, it offers a protection against sudden price movements. Also, who teaches the beginners about the meme coins in the first place? I don't expect friends and family to recommend meme coins for a new trader, and why would you listen to a stranger from the internet that recommends a particular coin? It's better to make up our own mind and not blindly buy coins recommended by someone else. 

First you suggest to avoid with memecoin. Next you offer the option to consider investing in memecoin.
Just the same. Memecoin is not an option for investing but an option for accumulating money that can potentially be lost even if it is done on an exchange that is considered trusted.

Instead of piling up money in memecoin in investing, divert that money to invest in Bitcoin with the condition that you don't save it on an exchange.

This is different again. Above you gave advice to beginners to avoid. Here you tell people to follow you, which I think is promoting a new product.

It's the scammers who are tarnishing the image of cryptocurrency by using it to scam people, and those people who got scammed got to take the blame for anything so that they can vent their anger out because of their own mistake.

Even though there's still a lot of FUDs in cryptocurrency because of different news, just don't mind it, because we all know that cryptocurrency is not a scam, even meme coin, since it's has a price. Not because you didn't make a profit out of a meme coin because it rug pulled doesn't mean it's a scam.

Well it's been that way since crypto popularized. If you are not wise enough, you will get burned by those scammers lurking around and been doing a lot of things just to scam people. Scammers are just doing it repetively with different approach. Imagine every trend we have on crypto is there are always this scammer who will lunch his own sh*t and scam people. The fact is we can't get rid of those scammers even how much effort we do, anonimity is one aspect of crypto and I know scammers are thinking that it's easier to scam using cryptocurrency than fiat.

People should be investing knowing what they are investing in. They should do some digging and research before making any kind of investment. If one actually does, he will know that those "meme" coins doesn't represent the whole market and they will also realize that around 99% of those are scam coins. They will know what most of them are pump and dump scheme. People that invest in those coins willing to get rich overnight, does deserve to lose their money since if they actually cared about their money, they would have avoided this.
Not sure who he is or what it is, but since he/they doesn't list the coins at the start of the project and gets listed later, I am 99.99% sure that by the time it gets listed, it is too late.

I mean an intellectual/rational human would just think that it is not entirely fault of the system itself that causes the scams, but the people behind it at all. Scams like these also happens with the use of fiat. This also led to government banning crypto in their country, and they would think that crypto is the only thing that causes money laundering and all those scams.

Oh about meme coin, it's not all about the utility that people care at all. It's only for the quick bucks when you think about it. It's not entirely tarnishing image of crypto and in fact, since people wanted money, it might attract more to crypto although in the unintentional reasoning possible.

This is one and another one would be FUDs all over the internet and it is quite sad considering that everything is almost digital and people would see these FUDs first.

Indeed, because everyone could make a sht coins whatever they it only depends on people if they would buy it so there's no literally problem about issues maybe to the people that using it to scam right. Due to people are hyping some new coins like doge coin promoted by famous Elon Musk, some would literally take this as advantage to scam people by just simply sending link or hacking people's wallet. Many people already flipped a lot of assets on meme coins so there's no actually bad deal here. But I remember the case of squid game coin when it's trend, many people bought it as a hype then "boom" rugpulled. Maybe doing some research on the background of the coin itself to avoid this kind of scenario because money is money. You might learn from your mistake buy money is money.

And this is a already given fact, specially in 2017 and there after, because this criminals knows that there are a lot of crypto enthusiast that might fall for their trick and so instant money for them.

Same thing for meme coins, I have nothing against those who support them, but we all know that majority of them just clog the network as they don't have used case to begin with. It's all for the money grabbing, and after the hype has gone, many investors are going to bitch around in this community telling us how much they lost on this and that meme coins. But if they just did some research, they couldn't been the next victims of this meme coins.

funnily enough, despite the fact that it tarnished the cryptocurrency somewhat considering the fact that there are many that have experienced losses with this coin, its also the sole reason of the massive influx of investors that goes towards the cryptocurrency investment, the volatility that it have attracted a whole different group that favours volatility.
there's reason why the market capitalisation of certain meme coin and trading volume is getting really high, its because its highly favoured by some people due to volatility. but we can't deny the fact that these shitcoin has been ruining the reputation of cryptocurrency along its way, therefore many assumptions that investing in cryptocurrency are the same as investing in shitcoins.

In my opinion, is yes But we cannot stop the dev of memecoin or shitcoin to stop I mean by creating scam coin it might become their source of income even tho there is successful memcoin like shiba but the fail is dozen ton of them.

So it's not worth investing and just think that it gonna blow up in a future lot of fail rather than the success

Let's just say only 1 percent of meme coins being created are the legit ones. That's still a low percentage compared to the altcoins created.
IMO, one meme coin should suffice to add competition in the market. So that if investors like to compare why Ethereum and Bitcoin are better than them, they will see a big difference.
No real use case product, no company backing it up, and worst of all it's made for fun. Since when did we support an investment that is a joke? That one hell of a high-risk investment or 100 percent risk that is being camouflaged by making hype in social media networks. It's hard to understand why investors keeps on supporting it although they know how high of a risk they are taking from buying it.

Not a fan of meme coins but i don't think there are tarnishing the image of cryptocurrency at all most of them are just  pump and dumb usually don't have any good concept unlike other altcoins. Many people have made thousands from meme coins and many have loose money due to it. one should be very careful when it comes to investing in crypto not just meme coins in general and never invest what you cannot afford to loose.

Yes, remembering those ICO days on which is the the season or the year where tons of shit projects or scam ones did exist on that time and its true that they've seen that there are tons of people who do really

make out some careless act when it comes to investment on which it did really result into that kind of possibility that they are really that easily get hooked with some scam project and due to lack of knowledge
and that impulsive approach about investment on crypto on that time then lots ended up on bagholding some shit coin or into those coins or tokens that made out some initial pump and then die forever or
into those people who do make out investment on funding phase but ending up on getting those funds to be ran away.

Now that we do have that new trend about meme coin flooding out the space then its not really that something new for it to be having this kind of situation where
there are really still investors who do really likes on engaging on something like this which is very risky but very rewarding on the time you do hit up the right spot but of course the risks is higher
if we do compare it out on legit projects.

Indeed, it is just one of the variation of coins in crypto . It is not bad to invest in some of it, actually it is meme coin season some other go with the flow with what is in did the trend , as I just notice every year we can expect a new trend . Last year i think it is nft season and meme season right now it is still a meme season and we can say that it not tarnishing the image of crypto, we just go with the trend.

we can use it for a money printing machine, with an extraordinary pump that usually occurs and at that time seems to be able to hypnotize many people. Let's just take the example of the Shiba Inu which was popular before, until many bought it during the bullish season, until the price fell and they still have high hopes, so far it has not been proven to rise again especially with a bearish season like this time, but there are several coin memes which are popular and if we follow the trend we can speculate in it

It’s tarnishes the image due to the current hype, it’s always getting newbies attention that don’t really know much about cryptocurrency, and as we all know meme coins are just hype, it’s going to pump when it’s being hyped, and immediately the hype dies down, it’s going to dump back. Most newbies that don’t know much about it and they decided to invest might end up investing when the hype is dying down already which it’s going to be dump on them and they will end up losing money. It might happen to them continuously and they will end up losing interest in cryptocurrency which out knowing that there are reputable coins.

Mostly newbies are always losing money, they don’t make money from meme coins, the only people which I can say do make money from meme coins are the once that have been in cryptocurrency for a long time, and they understand how things work, but newbies will lose money which is going to discourage them.

Memecoins don't tarnish any crypto image. You can hate them for all you want but their presence provides hype and excitement in the industry and invariably help draw the attention of the public to cryptos. Yes, we know most of these memecoins later become worthless but that isn't before it leaves some wealthy as it leaves others poor. Those who are usually trapped in losses are those who think they can turn the worthless coins to Bitcoin in value. If anyone has to invest in memecoins, they should know they're short term investment; usually a kind of "hit and run" thing in my local parlance.

I always ask the same question, "Is it really worth it?", I mean, isn't it better if a newbie investing $100 in 5 meme coins and losing it all invests it all into a coin that has some potential to give him some return either in the short or long run? A lot of people say that they don't invest a lot of money in meme coins but they only start with $10, and I ask them that the total sum invested in multiple meme coins only to gain nothing could get them a good enough portfolio with potentially profitable cryptocurrencies.

We all know that there are thousands of meme coins being created and advertised all around the internet after the success of a few meme coins, but the ratio of success is way too small for people to keep wasting their money on them. In history, less than 10 meme coins managed to get enough hype to get a significant value, and all others have failed.

I think that's the problem, it shouldn't really create hype, do people get hyped about tesla stocks? I mean maybe but not the same way, there is still some logic behind it. The fact that memecoins are there so that people would have fun doesn't make any sense to me.

It diminishes the value that we created in the crypto world, we took bitcoin from "drug dealers use it" and "it's fake money, you will lose it all" and made it into something that is "the huge billion dollar companies started to invest into it" and "even nations are making it legal tender". When you take sometime from that low to that high, that means that we did something right and memecoins are taking it all the way back to "this is fake money and you will lose all of it" very quickly.

memecoins that eventually become worthless are memecoins that were created only to enrich their developers and not think about their community. memecoins like this should be avoided so that the image of crypto, especially memecoin, doesn't become negative. But even so, nothing will make crypto's image worse, if memecoin is managed by scammers, then it will be abandoned. people do come to crypto because of some hype like memecoin did. invest in memecoin for the short term or long term depending on the memecoin being held. memecoins like DOGE, SHIB are quite trusted, but need to do predictions to find the right price to enter.

You could say there are negatives and positives to the existence of these "worthless" memecoins. On the negative side, we must be the same that there will be users who are deceived by them, and most of them are beginners. While the positive side is that maybe they will know the existence of cryptocurrency because of the hype memecoin, that's something that is very likely to happen out there.

Although at first they were deceived by memecoin, they will be more familiar with cryptocurrency, and it is very possible that they are interested in deepening their knowledge of this crypto space.

We can't always see the positives, but we also have to see the negatives, and vice versa. There must be a balance in everything.

How we would be able to avoid?
How we would be able to detect out those shitty devs?

We know that on the time that they would be launching up their meme coins then most of them would definitely be hyping out their project on getting investors as much as possible.
There would really be a time that it would really be boggling up your mind on which coin you would be choosing specially if the trend or hype of a certain meme name will really be created
Ex. Mini, 2.0, Baby and other name attachments on which these coins would be using.

As a newbie investor or trader then you wont really be boggling yourself on making some indepth research like on renounced contracts, honeypot checking or whatsoever that deals up with that potential
scam or fraud on which it is really that something needs to be looked up or check upon. If you do make yourself that careless then you would really be might ending up on losing tons of money
and ending up on holding that tons of meme coins on your stash.

Those who come early before the hypes will become wealthy but those who come late will the suffer the consequences and lose their money. Meme coins become famous and draw attention because of Dogecoin and Elon Musk and you are right, none of them I see would stay healthy and still on hype,
in fact, they are started to decline and gain attention no more. This year 2023 I'd say it was their time but probably not next year. However, people will still remember their names but it was just the name, yet, they never hold any from them.

Personally, I dislike almost all of them, although I do find them amusing, they are not good for investing for me. I get that some people like to do so because its fun to invest in them, sometimes things are not just about money but a symbol, and they consider meme coins as an act of rebellion towards how things are done around here. We do invest normally, into projects that make sense and do the same thing, and here it is, a bunch of coins that do absolutely nothing and are worth absolutely nothing and they are just having fun by making it go up and down. Plenty of folks lost their entire savings along the way which is the only downside to it, don't invest if you do not realize that this is just for fun.

Maybe early adopter may be gain profit on early investment on meme coins but we can't also deny that there are people who lost their money, because they didn't think about the other consequences and just invest on meme coins while its hyped without even thinking the risk. We see a lot of it before and I think there will be more people caught up by meme scams since recently there are are other got a big hit and people got hype with some result.

But also I don't think it affect or tarnish the whole crypto reputation since this is minimal incident only on crypto space.

memecoin is mostly created only for profit for the owner. while those who want to trade and also invest there more will be trapped. it really doesn't make sense when there are new traders or investors who put hundreds or even thousands of dollars into memecoin. hoping to get a good multiplier.
those who want to try their luck on memecoin should use smaller money. there is no guarantee the owner will not leave their coins in the trash.
there is nothing to invest in there. and never cook yourself.

I suppose that in the early days this motivation of going against the system could have been part of the spirit of those that invested in meme coins, but as time has passed I do not think this is true anymore.

Those that invest in those coins now do not have such thoughts in their minds, what they are after is the big profits they believe they can obtain with those coins, and while a minority can in fact get the profits they are looking for, the majority of those which try fail at realizing their goals.

Having those memecoins are somewhat a double-edged sword where you have these following positive things for the cryptospace

• Exposure that there is the technology already "cryptocurrency"
• People start to learn about it

What we cannot control are the memecoins that rugpull investor's money and just going crazy. That's the negative thing and there's always going to be cons in any investment. It's just up to the people to fact check and see the legitimate ones that are worth owning. It's just that they need to put in some time understanding it in the first place.

Let's be really honest with ourselves, because we know perfectly well that this is the main goal not only of the creators of the meme coins, but also of most altcoins. After all, most crypto projects work fine without their own coin, but at some point the team realizes that you can literally make millions out of thin air.

In his vision, all projects definitely want profit for the developer and share the benefits, but the memecoin project is made for entertainment, nothing more than that, for people who want to buy it, it is their right, the problem is why many people at night make memecoin an investment asset and trading will get crazy profits from meme coin even though it's just a mirage that looks beautiful but it's very far away and almost impossible, the pumps are done by whales that make it a hope to increase wealth, but a few days later coin meme in left by the big holders who made the pumps and took away people's money who didn't know anything that they were being trapped, that's where the meme coin tarnished its image, but I don't think it really matters much, what matters more is from altcoins who have large capitalization then they commit fraud and bankrupt themselves.

Meme coins are simply just being meme coins. Original is always distinct from fake. That's why anyone investing in meme coins is advised not to stay long in it. The volatility is high but the profit from trading them is what attracts traders, because for old timer coins like BTC, it is more durable and have been time tested, but the profit from investment in a trade is lower.

What meme coins is doing, is being a good competition to the originals. Else, how would innovation arise.
It also serves to enable upcoming or newbie traders learn how to trade seeing the ease of buying some of these meme coins.
Meme coins,  although it is not advisable to invest huge funds in them, they more than help create awareness for crypto.

They are serving some purpose in the crypto market. They create fast wealth for the wise with the pump and dump nature of not hodling for long. Then this important one of creating hype can not be over emphasize, they create buzz for cryptocurrency. Memecoins like doge gave a big hype for cryptocurrency last year and gave lucky investors unexpected profit from the hype by Elon musk. Shiba Inu is another of such that some investors have spoken about to be able creating some vibes in the future. Memecoins make the market to be lively with quick buy, quick sell which the market also need to create traffic also.

Cant really say that they do have the purpose but those coins mentioned above are the meme coins which had been mainly been that being pumped due to some hype and recommendation on which it is really that

something that could possibly happen on this space and this is why when it comes to recognition and awareness on which it cant really be avoided that meme coins would really be getting in that kind of attention.
This is why there would really be those people who are really that tending to dive in without having that kind of thinking about being a meme or not.The thing that they would really be having on mind is that they would be able to make out such investment and having the probabilities that they could really be able to make huge income or profit on the time that it would really be making out such significant pump.

This is why you cant really stop people on recognizing out those meme coins or other altcoins on trying out to invest because of having that kind of target which is something that you cant really be able stop
and this cycle would really continue out no matter what.

but because of the hype from Doge and Shiba, we can see efforts from irresponsible people as if to develop new memecoins. there are not a few of them, and that's just to fool anyone caught up in a pump-and-dump scheme.
be careful with memecoin if indeed we can't follow the market direction quickly. we can sink into a very deep well if we only follow people on social media.

As a result of shiba and doge indeed making meme coin developers explode to create many new meme projects, without using more resources as is common for other coin development, we have to be really careful if we really want to join memecoin because it is very dangerous, lags some time Of course, you will lose money easily.
talking about the title that the scam on the meme coin project doesn't damage the image of crypto, because if you look at the many scam coin memes it doesn't become a concern and conversation for anyone, unless Shiba and doge are bankrupt, it will most likely damage the name of crypto in the market.

There were a lot of people and a lot of things that were done trying to stop Bitcoin from rising and get it down on its knees but did any of that actually work? No, they all vanished over time and Bitcoin is here and it's getting better and bigger with time. Similarly, no matter what image these meme coins are making of Bitcoin and cryptocurrencies, the world will come to know that there is a very big difference between the two, and then only genuine cryptocurrencies will be used.

I know there will always be some people who will still keep trying to earn a lot of money overnight by creating such coins and tokens and selling them to vulnerable people inspiring them with stories of how people became millionaires by investing in similar coins and tokens and some will even take the bait.

it's honestly matter of an individual who's gonna be investing, if they are smart enough to understand the concept of meme coins in general compared with altcoins with fundamentals they wouldn't even correlate it with the images of bitcoin or cryptocurrency in general.
the thing is that, these meme coins are sometimes trying to gather investors that are quite new in cryptocurrency, these kind of investors that they are seeking are the ones that are greedy to get rich quick and then they bring them down and cause them to lose capital which make them assuming as if cryptocurrency investment is just shitcoin investment. i wouldn't say it tarnishing cryptocurrency as an investment in general, its just that they often mislead people.

Two things, don't follow people on social media and do not invest in every hyip like project that comes up in the news. Follow these things and you should be safe from memecoins. Of course from a non-biased approach they have made a bad name of crypto but then it is the choice of the investor to make the decision of putting in their money, not the project owners.

This comes mainly from the newbies in trading but I have seen veterans get scammed too with such projects. Nevertheless there is no exception to the scam nature or a get-rich-quick scheme.

it might seems rather unfair that these shitcoins are tarnishing the reputation of cryptocurrencies for the sake of their own profits but its also the mistake of many people
to invest in meme coins and wanna get rich quick and blaming the whole cryptocurrency market for their own mistake is rather silly, so I don't think its justified in my perspective.
but it doesn't matter honestly, the market capitalization of cryptocurrency in total still quite high which is 1 trillion dollars goes to show that its still a huge investment market.
the shitcoin are there just for people to speculate, and I think everyone investing in shitcoin knowing well it has the chance to turn their money into literally nothing.

Bare in mind that if there were no people who do invest with neither those shit coins or meme coins in the market then pretty sure that there would be no devs that would be continuing on creating one but since they do see the different on which there's really a demand into it then there's no doubt that they would be creating tons of it because there are blind investors who do really that keep on believing that they could get rich on investing on meme coins or some shit tokens when it gets pumped. Cant really be denied that the chances or odds is there but the chance of losing your investment is high if you havent been able to do such thing properly like getting out
when it gets pumped or simply when you are on green. We know on how pump and dump works and this is what the basic movements or fundamentals on which it is really that usually happening on these projects. We know that even these things are shit but there are still people who do continue to support and invest because they do really believe on one thing which having the chance on becoming rich specially if these coins do able to hit up that 10-100x-or even 1000x easily which we know that it is really that possible on this crypto space specially if its been hyped up. Everything is possible but really on rare chances.

It's like an advertisement in the cryptocurrency market. Even though there are already a lot of scams happening on meme coins, people are still here. Because for sure of the enormous return on some meme coin that we already experienced.
People must learn. It's like becoming a Ponzi scheme because most of the people who will benefit are those who are positioned first.

Meme coins will never have sustainable value in the long run. Even if you see it listed in exchanges, and have its own starting value, that will never guarantee that it will be more valuable months or years after. In fact, a lot of them end up losing their value and considered as dead coins. So you end up wasting your money and time as well hodling to that coin instead of buying a potential coin like bitcoin in the first place that may give you exceptional profits in the future.

Unfortunately not a lot of people understand this and they make a mistake by keeping that going, I think it should be noted that it is going to take a while before people could make a big deal out of this but then we need to be careful about it as well.

It is going to be tough but people need to hear this and realize that memecoins are terrible and they are not to be trusted or invested. They still do it for some reason but they shouldn't and that is the biggest trouble. I think it should be noted that we are going to end up with a result that will not be the same. I know that it will not be that easy and we are going to end up with a solution that would be different but we need to get rid of memecoins for sure.

People take advantage of the situation during the hype thinking that they could make money out of it just for a short while disregarding the risk. And whatever we do (warnings), they don't get it because what is in their mind is to make money. As long as they don't suffer losses from investing in meme coins, no way they could think that it was not a good investment. In fact, as we can see, meme coins investors have grown which means that they are still good. Maybe they are smart enough to handle the situation but if you are new and thinking about holding until bull season, that's going to be a huge mistake.

Most are risk takers as they are willing to take that route, risking their hard earn money in trying whether they will earn decently
into something that they just gamble with the fate of the said meme project.

Riding and trying to take a slice if possible that's the mentality behind, especially for those who have a long experience in terms of investing
with this kind of asset.

Buy low and sell high, easy to say, but in reality, for most victims, buy high and be stuck after.

I just think at this point that seeing from the history of these meme coins in general, its always these meme coins that have really big market capitalization that usually could retain their value for long.
the other that are having some miniscule amount of market capitalization are not so much good at retaining their value in long term.

I guess this is why many are calling it meme coins because its so uncertain about its fate few months into the future, though i would say the main reason it could tarnished the reputation of cryptocurrency is probably due to the fact that many of these meme coins are always trying to impress newbie by giving promise such as massive return is the main reason it could tarnish the reputation.

On the time that a certain meme coin did able to get that huge recognition on the market then it would be safe to presume that it would really be touching up those known exchange platforms or simply there is really that interest and recognition. Just like on what happened on $PEPE been listed on Binance and so as with those known meme coins which is DOGE and SHIB which did really get that kind of reputation and recognition in the market and the rest would really be just that copycats and  this is something not that shocking nor really that surprising. You could really be able to say that it would really be that totally unpredictable on which or what coins would really be able to reach out that certain state. Thing here or important is that you do really know on when to get in and get out specially on dealing with those copycats in the market.

There are tons and if you do invest blindly then expect that it would bring a huge damage into your investment capital because most of the are really just that pump and dump schemes which it did continually to exist
on this market because newbie investors or even old ones does really have that interest on fueling up these scam or shit projects.

I think if we do not let them tarnish the name then we do not need to do anything like that at all. I feel like the best thing to do right now would be to make sure that we are on the right path at this moment and do not buy any of them personally, do not get into the hype, do not promote it, do not try to get into their bounties, basically do not be part of it in any capacity and then you could see that it will go down and they will be gone.

Some people will do it, but let them ride the hype out and it will go down and they will regret it. If we keep on talking about how bad they are, it is going to only look like it is tarnishing the name of crypto, because we are out there trying to tell everyone how risky they are.

The attitude can change and that is what can improve their outcomes. If they don't have that get rich quick attitude and spend some time doing research on previous scams and shitcoins newbies can also learn that most shitcoins are useless if invested in. Then there are those people who promote these shitcoins across every new social media platform. They should be avoided at all costs.

Those who know bitcoin and how altcoins work, will never go for shitcoins and only focus on Bitcoin with patience.

When I started in this industry, the only thing I knew was meme coins that are known even though the price value in the market is very cheap, its community is very large, and it is the Dogecoin. Then, after Elon Musk mentioned it on Twitter, it suddenly changed, the wind blew on the dogecoin, and the value suddenly increased where the previous ATH was around 0.7$ something.

Dogecoin was followed by Shiba Inu, which was also mentioned by Elon Musk on Twitter. And the latest this year is the Pepe coin, which has shown something different from other coins and has been ahead for a long time in the crypto space as well. These three I mentioned are the top meme coins that are in almost every exchange you can see now, whether it is CEX or DEX.

So, it means that out of 100%, we can say that only 5 percent can give us a good income in this business field, as long as DYOR is still needed.

We can't deny the fact that these meme coins and tokens have some influence to a lot of newcomers in this market.
They have come to know about crypto because of these projects, so we can't totally discard their significance in this industry.
However, users or investors should still do their own job of research or study on what and how to invest on this market.
Not all meme projects are popular as doge, or shib. Even shib, I still doubt their longevity on this market.
So it is not because they are tarnishing the image of crypto, but all these creators who have no aim but to screw naive users, are those that ruining the image of this type of project.

they form a team then spend money on marketing so their goal is profit and practices like this are mostly carried out by most altcoin developers, memecoin is part of altcoin, every day there are memecoin projects that appear, developers are inspired by the success of senior memecoin (dogecoin)

but newbie investors do not understand how the crypto market works so they continue to buy new memecoin tokens that appear, this is what often causes many newbie investors lose, remember there is only one dogecoin and only one shiba inu, it's just a dream if there is a new meme token developer who claims they will be the next dogecoin or the next shiba inu.

If you look at a beginner’s view, you will really believe that meme coins come to tarnish the image of crypto. Whatever the fate of meme coins, it will always reflect on the whole image of crypto space. However at some point, if you are in the old traders and investors view, meme coins have their own position in the crypto industry. Their failure will not determine the failure of crypto space. Unlike bitcoin which is the blood of the crypto that will totally be affected once bitcoin is certainly in a bad shape.

Are you saying that as a positive thing when you say that a lot of newcomers are influenced by the meme coins? I don't see that as a positive but it leaves a negative effect on those newcomers since it makes them think that cryptocurrencies are a get-rich-quick scheme which is not true but when they hear about meme coins and the significant success some people have received because of them, they will surely think that way about the market.

So, I believe meme coins and shitcoins are actually creating a negative image for cryptocurrencies among new investors because they don't do their research and just believe that all cryptocurrencies are like meme coins when the reality is totally different than that and cryptocurrencies don't provide that much profit in such short periods of time.

Those realizations would really be definitely be able to experience or would be able to encounter because people would most likely dive in into this market just because for the sake of money or really having that profits
this what makes or pushes them to invest without even trying out to think or make out some research first on which it would really be that resulting into devastation on which this is where people would be able to realize
on what are the things that must done or do because if you do find yourself that being too greedy then you are prone to lots of mistakes and errors which causing for you to lose even more money.
There are lots or tons of memecoins that we do have in the market and its not something that you could easily get hold with or for long term because most of them are just pure pumps and dumps.

I do not think that meme coins are tarnishing the image of cryptocurrency.  People know it being created for humorous purpose and have no intrinsic value, they also know that it is highly speculative so those traders and investors that dive into it know this characteristic beforehand.  I believe it is the coins that are created to scam people is the one tarnishing the image of cryptocurrency.  They pretend to be a legit project that will stay but then they just run away with the investor's money.

It was obvious that he was just having fun, and people took it too seriously and invested all their life savings to it as well. For years after that and even today it sometimes happens, if you check the reply section of Elon's tweets you will see people begging him to talk about doge again so that it would go up. Most people worked for maybe a few decades and made some money and invested it into something as silly as dogecoin, which still doesn't make sense to me at all.

I believe that was a big mistake by them, and I have never done something like that and would never even consider doing something like that, but it's obvious that they made a mistake and they are doing a big mistake along with it as well.

I think just looking at the name and token/coin category it is already a project that doesn't look serious. But it turns out that there are also many projects that are developing very well. Like Doge and Shiba. So Memecoin is a memecoin. So beginners must realize that sometimes memecoins are not created to continue to grow. It's just that memecoins sometimes just rely on hype or involve pumping and such. So no need to expect much. The presence of memecoins has actually given a different color to the diversity of altcoin types. And I think that's a good thing for those who understand that.

Im already that done with this kind of perception or impression on which good looking coins or legit looking ones would succeed which this isnt the case on this space but rather you would see the opposite

on which it would really be that boggling your mind that hows it possible for a shit looking project would really be gaining so much value without having those common qualities of a good coin?
This what really proves out that it is really that everything is really random and good looking projects or known dev kind of project doesnt assure speaking about success because market
demand would be always be the ones that dictates on which project should pump or not.

Doesnt matter if its a shit or good looking one.This is why analysis would be made isnt something that gives assurance about profitable or good taking because we know
that meme coins arent really that something that totally garbage because there are ones who do really be able to fly out or even with those shit looking altcoins in the market
which it might be looking shit but it did make some huge pump.lol

Elon is a riot, he is the mastermind behind the rise of meme coins, believe it or not, memes are only used as stuffed toys by entrepreneurs and those who are irresponsible, Doge/dog/Elon is to blame for making the market fall apart, coins are now easy to create with capital of just a few BNB, anyone can create that meme.

So stop thinking about buying and selling memes, in my own country there are already 5 artists and comedians who make memes such as: ASIXV2 and so on. The creator is not responsible. The current price is $0.0001. What a joke, For that reason, whatever happens, memes are not my idea or choice in the crypto world.

Game memes for rich people who are greedy to fool ordinary people, don't be fooled by irresponsible people.

We cannot deny the fact that meme coins or the shitcoins can instantly gives you and becomes a millionaire because once you make at early investment and the coin makes a good skyrocket you can instantly call a good profit x1000+~ but of course there's still the risk this can be a honey pot, or just a waste of time in life there's always a risk, but sooner or later you will realize you don't need to catch up too much and make a call for a step by step process there's no instant millionaire in investment in crypto.

Meme coins have amazed a lot of investors due to its surprising potentials. People may be thinking that once a meme coin, then it’s something to be avoided so as not to end up losing. But it has proved its own worth and made those investors experienced massive profits. So if we analyze it well, meme coins do not tarnish the image of crypto. It’s even a good promotion for crypto market to become more recognized due to the hype about dogecoin.

Meme coins might be considered red flag in the market but know that at some point, they were able to bring some hype in the market especially in the case of Dogecoin and followed by Shiba Inu. So for me, they're not actually tarnishing the image of crypto, it's just that they are not reliable and profitable enough compared to bitcoin.

Memecoins generate hype but that is not always a good thing or directed in a good direction. However this depends on what your definition of good is. For me they misdirect the new traders into false promises and scams. Therefore I don't recommend them to anyone asking me. Bitcoin on the other hand has been here for more than a decade now and we have seen how profitable it can be.

Eventually the memecoins get burnt out and this cannot be identified quickly for a trader to react and sell even at a break even but at a huge loss.

Of course 95% of memecoin are scams now and the ones that are still alive are floating in the sea because they planned that in a bull market investors of their project would increase. Also you will find some good memecoin that entered the crypto market a long time ago and their investment community is very strong now so if you like memecoin then invest in those older meme coin.
Also i think it's risky for new investors to invest whether it's memecoin or any other new coin. It is very tempting for new investors to come in because they will just jump at the profit.
On the other hand the reputation of crypto investment is alive because there are many ways and types of investment so it is not only dependent on memecoin.

Memecoins like dogecoin are safe, I even find it safer than other top altcoins, and we can invest in it, but whether it will bring high profits is unpredictable. But people will not invest in old meme projects or other top projects because they think their prices are already too high and they will flock to new memes in search of higher profits. But most of them are just scams and they will lose money because 99% of projects are scams, not 95%.

If we talk about fraud in the market, besides bitcoin, most of them are scam projects, even leading projects like Luna can collapse. So, we cannot completely blame memecoins projects for tarnishing the reputation of the cryptocurrency industry.

Of course, this has an impact on the world of cryptocurrency, and it has made some people less trusting of cryptocurrencies. Memecoins, in reality, are something beginners should steer clear of because there's no more mature concept behind them than relying solely on luck to make x1000 profits in a short time. Such concepts greatly affect the health of the cryptocurrency ecosystem, as victims of memecoin scams become wary when dealing with anything related to coins.

The excessive freedom in crypto regulation has led many individuals to act on their own and attempt to create new hype. I consider this an abuse of the decentralized system.

Nothing is tarnishing the image of anything here just as the wheat and weeds all grow together then later during the harvest, the farmer decides to separate them both, if there are thousands of memecoins today, we all know that only few can be trusted that are reliable and yet we don't know which one from each other except for bitcoin in cryptocurrency, so making an investment in memecoins is taking a risk on itself and if care is not taking, scam may end it all, therefore we should research well about anything investment we are making in cryptocurrency because this will be part of what will shield us from being exposed to any scam token or coin.

98% of the meme coins in the market right now is just plain trash that really don't have anything to contribute in the growth of crypto. Developers treat it as a money machine and people who put their money into are just hoping to be an instant rich by luck. Majority of the one who lost their money are the newbies who are the one are very hopeful that they can get money from their investment. Memecoins is another form of sh*tcoins in the market given that they have no purpose and the developers aren't really determined to have plans for it in the future, plain basic money machine or a cash cow.

Lets say on a certain situation on which the price of a certain meme coin did make out some pumps on which it is really that something significant then this is where FOMO or hype kicks in and then it would really be starting for those meme coin projects that would really be spamming out on the market and due to hype and then with those noobs circling around then this is where money would easily flow even on the shit project
which it would really be raising up question on how they hell these projects are really that getting too much investment support or recognition which it is really just that obviously that its creators or devs are just simply mimicking out to those memes that had become popular. Its not really that something new or shocking condition on which it is really just that so normal that hype would be molded and there would really be those people who do jump in into the ship and having those beliefs that they could become easily rich when they do invest on meme coins without even trying out to realize the impose risks within it and this is where
people should really be looking at.

Well, a lot of us are being warned to avoid meme coins because they can be dangerous for our funds. But why do all of a sudden those who invest for dogecoin and Shiba Inu way back then have experienced maximum profits even more than they can imagined. That is why I don’t see them as tarnishing the image of crypto. If there would be any, those are the people who only invest for crypto as a get rich quick and then turn their backs on them when  they are already on the position of losing.

For most of us meme coins are damaging the image of crypto but if we look into it deeply, no they are not. They're just making the crypto market more exciting and quite more risky to invest knowing we can be in profits all of a sudden or we can lose all our funds instantly.

Dogecoin and Shiba Inu investors that diversify their investments are the ones who are profitable. They have too many cryptocurrency investments, and fortunately two of them is dogecoin and shiba inu. Meme coins are incredibly dangerous, but if you invest in the right one early on, you might make up to a thousand times as much money or more. So, the "hype" is what will tell us which meme coin has promise. As an illustration, when Elon Musk pushed the Doge coin, the price increased significantly as a result. Moreover, shiba inus. Large investors are also looking for the kinds of projects to invest in that can have an enormous effect on the price if they acquire early.

From several facts that have been seen in the past or at the time when more memecoins started to appear, I also thought like this that there were very few good memecoins and there were only a few because these memecoins were already supported by their investment community. Old memecoins are much more famous than new ones so there will definitely be more competitiveness in old memecoins because new ones cannot compete when they enter the market due to very few enthusiasts.

I also consider memecoins to be just a joke and nothing more than that, because if for example I had to choose a memecoin to welcome a certain moment, I would not hold onto it for long and would even be quicker to let it go if I had made a profit. And what new investors do in memecoin is also not wrong, because they often prefer to let it go when they see the profits from the memecoin they own. Because memecoins are not suitable for holding for long periods.

There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.

Most beginners join trading signal groups or investment groups on social media. Memecoin is very quickly popular in that way. get a lot of investors and then they destroy their hopes.
I think it's not just beginners who are involved, those who are experienced and really like the short profits offered by the memecoin project are the attraction. the problem is that they put their money into the right projects or just cast their net across a few projects. and hope that some or one of them will provide big profits.
However, we can only analyze to the extent of our abilities, and after that, we will not know what happened to the memecoin project.

Meme coins might not actually look impressive and profitable just like bitcoin but if these coins will suddenly hype because of a huge influencer, then expect that these type of coins no matter how dangerous they are, they will instantly boom and give us excellent profits. That’s what happened to Dogecoin and Shina Inu. But remember, never expect too much from meme coins as they can be deceiving at some point. They can give you instant huge profits but they can also make your pocket empty. But if you know how to diversify your coins, I’m pretty sure you will never experience some unmanageable losses.

Not just newbies but everyone must take extra caution when investing. Scam projects don't just point out meme coins because they are even known and old coins turn into scams, can't forget about Terra Luna?

Meme coins like Dogecoin, Shiba Inu, and Pepe coin make another hyped history in the crypto market to gain attraction and meme coin investors. Although we can say that a lot of investors lost their money from these projects, we can't deny the fact that early investors become rich as well. Actually, whether it was meme coins or even in known coins in the market, we can still lose our money if we can't timing the market and much more if we are impatient.

Well, I think the meme coin gives the crypto market a boost because of the hype and ROI and attracts many more potential investors to the crypto market. On the other hand, because of these coins, people think that crypto is fake money. Meme coins get a reputation because of DOGE's success as a meme coin. However, the price of DOGE was increasing due to Elon Musk's tweet. This has somehow influenced people to invest in more meme coins to earn more money. At the end of the day, some people are getting rich while others are losing their money. Meme coins are turning out to be scams, but still, people are investing their money into shit coins because of the hope that someday they will make a quick profit. Whales are making a profit from these projects, while retail investors are losing their money because of their greed.   

Some of Meme coins were profitable and productive in past due to which they are spreaded as a successful coins in crypto world but most of the time there are higher volatility in the price of Meme coins as a result of which they completely loss their values.

In crypto space there were many scam coins in which investors put money and all their money become zero so this is also a reason that why most of people are not trusting Meme coins.

Whenever someone tweets about the unpredictable price of Meme coins or about its failure then it directly effects the worth of Meme coins which means that we cannot sustain our investment in meme coins as it losses its values as a result of fault discussions.

There are indeed positive and negative sides to the presence of memecoins in the altcoin crypto market. It's just that the existence of memecoins really adds color to the diversity of altcoin types. Currently, the types of altcoins are very diverse. And actually what always leads the rise quickly and also leads the decline so quickly is Memecoin. Memecoin is the most risky altcoin compared to other types of altcoin. It's just that many people actually like Memecoin because they can make a quick profit when the Memecoin is pumped. But of course the risk is also much higher because it always declines quite quickly. But Memecoins like Doge, Shiba, and Pepe. It seems that this memecoin has gained more trust from the community. So the price can be maintained longer after the increase.

But memecoins are however only suitable for short-term investments or for medium-term trading. That is, enter when the hype starts and leave when the hype is over. So never hold it for the long term because the risk is too big. But for Doge and Shiba, currently the number of holders continues to increase. Because even though Doge and Shiba are memecoins. But Doge has its own blockchain and Shiba also has projects that are continuing and getting better. Even more active than other types of altcoins. So Shiba and Doge might be an exception. Because the market cap is very large. So it is difficult for a sudden sharp decline to occur.

The hype created by coin memes is extraordinary. when it exploded it made quite a lot of beginners jump in to join in investing. the memecoin market seems to be driven by their own market community. those who have more coins can manipulate prices easily. although currently, more memecoins end up being scams or without development. however, we can see they are growing their community quite quickly. even with the airdrops carried out, it managed to build a fairly large community. although we also don't know the market strength.

There are millions of cryptocurrencies, according to the coinmarketcap; how many of them have succeeded so far? Anyone can create a token by pasting a few lines of code and spending a few dollars. That does not really mean people have to start buying these tokens. Almost all the token that was created in the BSC and ERC is centralized.

Centralized = Scam. How? Let me explain. If a token is centralized and it's a developer can change the total supply anytime, they can increase or decrease the token prize, which is manipulation. Once they see their token bought by a couple of crypto holders, they will increase the token supply and sell their own holding. Now users have tokens, but the value is zero.

Have you imagine how many people that has lost money during the course of making money from shiba Inu and the likes of other meme coins at all time high simply because they want to make money in the same way other people who first started? Check again, I can assure you that there are no any investors that bought meme coins since January 2022 that are in profits to date, the ones that bought from November 2022 are likely in profits but its just few of them and thats was when the market bottom out.

Let's be honest for the first time and say the truth, only few of them has survive, meme coins are shit coins that we are not suppose to exist, they are meme which means fun and are we suppose to invest in fun with our hard earned money, it's a no for me but you know in this space, only few people want to listen, the rest are sheep that are hungry for money and will go to anywhere they are told to go and after they lost money, they cry for been played in crypto but will never listen to the warnings.

Right. Even experienced traders take some risk with meme coins hoping that once they pump a lot, then those coins will instantly become hyped and increase their prices all of a sudden, making them instant rich if they decide to sell. But I think history might not repeat itself anymore. Their golden days have gone already and it might take another highly recognized influencer to make them pump again.

Many individual are using the success of Shiba Inu and doge coin to invest in other memecoin that won't become successful like doge coin and Shiba Inu did by giving their investors profits. Memecoin has brought a bad name to the market because everybody now wants to invest in them as they have the high chance of giving investors profits and this is making scammers to create multiple tokens to scam investors and call them meme coins because that's what investors are chasing after.

Memecoins are making the market too volatile and this is chasing away institutional investors as they won't want to invest in a market they can't have some influence over. Memecoin are making investors interested in getting rich quick and causing alot of scam to be created.

Depends on how the market approached it, the recent stuff really makes it even worse these days. Back when Doge first started we used it to help a lot of good causes with it and that made sense, but pepe? Really? Pepe? Thats of course terrible. But we do not have to take responsibility for it at all, that doesn't make sense and we shouldn't be really considering that as our problem. If people do not like it then they do not like it and that's going to be fine in the end. I get that some people may lose ton of money due to these shitty stuff but its their own fault and nobody else's problem. We should be just considering that as a normal situation for people who do not make their research.

Easy to say but when you are on such situation then decision making would really be that hard or something that cant really be that really be done so easily and this is why people would really be keeping those errors because they are really that being hindered with some factors which would really be mixing up their initial thoughts and the plans that they had made out earlier. This is why it would really be that important that if you are really that planning to make investment then always be having that kind of acceptance of the risks that you are dealing or taking. Always be that adaptive so that you wont really be making yourself that impulsive because on the time that emotion would kick in then everything would really be messed up because earlier plans wont really be followed on which created by another new one. What makes even more harder is that due to lots of coins that we do have in the market then it wont really be that so simple but if you do stick simply into those top ones then it would solve out the problem but since we are really findings ways on making
more money then this is where we do consider on investing with other coins neither other altcoin or some memes.

We can't deny that meme coins ruins the image or popularity of crypto investment. It is because meme coins make many people lost huge amount of their money. Meme coins is just pump-dump coins that relies on the hype only, this makes people think if crypto investment is just like gambling. In reality, it is different with gambling if we choose the right coins (coins with good fundamentals). People who lose their money in meme coins are not aware that meme coins are the coins with no fundamentals. They think all the coins in crypto are the same, they don't know if crypto coins have some type of crypto coins. Sadly, when they got losses in meme coins, they judge all crypto coins have no clear fundamentals like meme coins.

There's no good coin with the right fundamental because all altcoins will pump and dump and when you're not lucky and buys when the project is about dumping you'll lose but when you buy when the coin is about pumping, you'll make profits and call the project good names. The only coin you can buy and have assurance that it'll rise in the future when the market because bullish again is Bitcoin and the rest are for pump and dump just like the memecoins.

Nobody force anybody to buy the memecoin and from their names, everybody investing in them should know they're joke coins that can make you profits or make you to lose everything that you invested into them that's why it's better you use only little amount to invest.

the capacity and pace of quick profits that memecoin presents make it seem very attractive for many people. who dosent want to make money quickly? almost everyone and in this case you might just invest little money and make a huge sum of money in return. everyone investing in such should be aware of the risk involved and how volatile it can be which is even same to seemingly real project. In the days of ICOs, there are also scams and even a lot so i don't think its  the memecoin that will tarnish the image of crypto. Especially as  a newbie always remember that you should always invest what you can afford to lose.

only until these meme coins start luring newbies and some random with the unrealistic promise that they have and causes many to lose their money because as you know meme coin is heavily manipulated then its not about making the market exciting anymore.
people speculating on meme coin is fine as long as they know the consequences but its not rare phenomenon that sometimes these meme coin
promising massive returns to the people that don't understand cryptocurrency even a little bit and when they lose they blame cryptocurrency in general.

No matter how we perceive memecoins to be, she has made many millionaires through their investment in her, and in the same way, people have been scammed through her.

Having an Investment in memecoins is what someone should consider as a pump and dump kind of investment that anything can happen within a short given time. People should at least stay off investing in memecoins to avoid stories that touch the heart. Not only did the newbies have fallen victim to it, but the well-experienced crypto fellas have somewhat fallen victim to it. That makes it seem that, nobody is an exception to falling victim to scams of memecoins, or altcoins.

I don't see it from an angle that there is a particular coin that is posing a thread to other coin in the crypto market. Every projects need to survive and try there posible best to make sure that things works for them that is why we have been seeing that there are lost of projects in the market even with the ones that don't have an experience team to push the project forward.

 For a project to grow, there is lots of things that need to be put into consideration or else things work like the way it was planned. We need to make sure that we put our money in a good.projects that would not end up becoming a scam at the end of the day. So many bad projects are in the market struggling to survive.

Have never seen someone who millionaire through meme coin investment but I am sure meme coin space is the playing ground for cryptocurrency aka the humpback, whale, shark, dolphin, fish investors, etc. Taking advantage of shrimp and naive investors to increase their profit since they don't want to do that using BTC cause they can't afford to miss the surprise BTC will present.
This is why Justin Sun also made a public announcement of joining the meme coin space.


Yes, nobody is expert in not falling for scams but the meme coin pump and dump activities are something that didn't require any expert knowledge. If just invest in Bitcoin since the meme coin market is super manipulated.

If those meme coins are scam coins, then they are clearly tarnishing the image of crypto. But we can’t tell that all meme coins are scams, some are even highly profitable than bitcoin but only for short term, as they are not advisable for long term hodling. However, with all the newbies coming in the market today, and majority of them are entering the market with greed, then it’s not really surprising for us that they will fall for these too good to be true meme coins and end up blaming the crypto market for their loss.

that's what happened, with the popularity of several successful memecoins gaining great attention from the market. Of course there will be several new memecoin projects that want to take advantage of this momentum to make a profit.
This is like when the ICO project exploded a few years ago. and that makes there are more new ICO projects that are dirty with the end of a scam. This will also apply to memecoins, and all beginners should be wary if they want to play with highly unpredictable memecoins.
Bitcoin may seem slower than memecoin, but memecoin will never last as strong as Bitcoin. short profits may be obtained. but that's when you have the skills. otherwise, there will only be losses.

If you haven't seen, it doesn't necessarily mean that investing in memecoins hasn't resulted in the creation of numerous billionaires. Consider dogecoin and Shiba inu as an example. Due to their investor's entry into it by investing hugely in them, these two memecoins made their early investors millionaires

If investing in memecoins is something one thinking about, one should at the very least start doing so early stage of memecoins before it will be well known, because that's when the price of them starts to rise(sell off by then). The following step is a price drop after it must have been initially pumped up in price.

To be on the safe side about memecoins investment, one should be able to sell at the time when there are pumps in price

It does seem similar to a game or a pyramid scheme, where the early entrants tend to reap the benefits, even though the project they're promoting might not have a promising future. Legally, it can be challenging to prove that. Speaking of Shiba, it's remarkable how its price has plummeted. It gives off the impression of being a defunct coin, despite maintaining a reasonable trading volume.

It's been like this since early days of crypto where it's been used for crimes and that's what makes crypto have really bad reputation in the world. Also recently not too long ago, with the garbage innovation of NFT and meme coins which makes the hole go deeper because most of the people think Bitcoin is just nothing but a pile of worthless assets that will suddenly vanished.

You can see that in lot of youtube videos talking about this, while those cases are true to make crypto become worse in reputation but still there are so many good use-cases to look for if you go deeper, hence why we are here.

Not just meme coins, almost 99% of the crypto launched became scams or went to zero so it's not just limited to meme coin segment only but also NFT, BitcoinX, and tokens on various networks. But with meme coin especially Doge and Shiba lot of new people entered the market after the Bull run and Elon tweets which is the only thing that happened positively apart from people being taken advantage of by the shit coin projects as always.

honestly should differentiate between a true crypto and just some random shitcoin created out of thin air because otherwise it will just give unfair statistics like 99% of crypto are going to zero.
because if you judge from the fact that there are many innovative cryptocurrency out there like for example is the latest L2 also L0 its just really innovative that I don't think it will be hitting zero anytime soon.
moreover it will give clear definition between the difference of true crypto with shitcoins so that the image of crypto isn't tarnished.
regardless though the fact that there are so many shitcoin actively trying to find some greedy newbies to invest in their project is really making reputation of crypto in general bad its something we just know.

What you are defining as L2 projects?

As far as I know, L2 is another layer on the existing blockchain for example Lightning network of Bitcoin is running on L2 layer which solves the issues of high TX fees and waiting time for small transactions but its just a part of an existing project and it has no value beyond the bitcoin. ::)

There would really be generalization when someone do have been able to experience that bitter things here on this space on which if ever they have stepped on a shitcoin and made out a devastation with their investment
then it would be normal that the blame would really be entirely be applied out on all coins in the market on which they would be having those thoughts that crypto is shit and its not a worth investment without even trying out to look deeper on how coins do really differentiate to each other which it would really be classified into those actual having utility coins/projects compared into those who do just simply mimic out or just trapping those newbie
investors on which it is really just that very common on here on this space. Tarnishing? Its been long time that it does create that kind of impression but doesnt mean that we would really be seeing on completely stop kind of production or creation of these shit projects. As long that money is really that circulating on this space then expect that there would really be that scam developers would really be continuing on making those shit projects and made out with those fake utilities on which hooking up those greedy investors to take in and invest with it and this is something that really be should look upon if you dont really like yourself on getting fucked up with your investment on which it is really that suggested or recommendable on always DYOR and dont rush up things when it comes to decision making.

This is why people are now taking extra caution with crypto, hence we are on a bear market for a long time. Although this is expected in a growing industry, where people sees an opportunity to earn money, illegal things would start impending. I would agree that NFT is less of an ideal for what's crypto is worth but we can all agree that art isn't free. It is just that there are people who are driving these ships for this and hyping it for no reason buying overpriced stuff on the internet and decide its value for totally no sense.

Speaking of crypto's reputation, I think it's all fine with taints coz we know all the news and stuff, be crypto guys always know the truth of crypto. Crypto isn't bad at all, some people do, and they are just making it all for one reason, $$$.

One could say it's tarnishing the image, and one could say it was tarnished from the beginning. Whole idea behind crypto is freedom, and you can choose just the best things from it if you look at the cryptocurrency scene as whole.

Memecoins could be indeed defining the image of crypto as it is. Because it's a big part of it no matter if we want it or not. All the scams, weak and good projects, all the lost wallets and gained money, all the memes, most idiotic crazies and tech geniuses are all part of it. It doesn't really have an ideology. Left and right are both investing into it and laughing at it.

If you want to polish the image of crypto, just do your part, that makes this a better place. Asking everyone else doesn't really cut it. It all starts from example.

If we consider the failure of many meme coins that have been launched and have failed, the distinguishable difference is that in its failure, the customers eyes is opened to the stability and endurance of BTC.

Meme coins offer instant profit in good proportion but cannot be relied on for long term investment.

It only goes to pressuring other crypto currencies to perform better so as not to be ranked among the lesser meme coins with high volatility.

I think you misunderstand my statement, All the so-called meme coin is now the paradise where the whales manipulate the market for their own profit while the shrimps are the ones used as prey.
Having said that, memecoin are among the reason why major of new cryptocurrency investors have the impression that crypto is a scam.


How can you know a meme coin that will flourish in the future before it's known by the public when 95% of all meme coins are exit scams and some have vaporized off the market?
I have never invested in meme coin and I don't see any reason to join it early. The safe investment is to stay away from memecoin, invest in BTC and if you must invest in altcoin go for layer 1 coin with good concept with team.

I think so op. Memecoins weren't in trend so much even before but nowadays bags of memecoins are launching daily. A few memecoins are good, listed on good exchange, very much in demand and rest of memecoin can be considered as trush. Just get launched and then scam. But people still keep investing on those memecoin cause each & every memecoin used to create hype by increasing their coins value, sometime 8-10x and that's the reason why people invest there & plan to sell their token with little profit but most of them fail to sell at all because team already withdrawal all lequidity from all exchanges while its time to vanish with people's investment and left them behind

People keep investing because of the idea that they will get easy profits from this type of project.
However, only few are worth looking at as most are just riding the hype and banking from naive users.
If you are long enough in this market, you can easily spot crap projects as they don't have anything to offer but just pure talk.
This is why hard to trust new alts specially meme projects as they will just screw your funds.

That is not to imply that meme coins are immediately unattractive; they are not. People sometimes claim meme coins are bad, and they always say meme coins are garbage. which should not be the case. It's similar to Bitcoin in that it's used as a ruse to defraud investors.

Meme coins can also be used for an exploitative person's nefarious purposes. As a result, most meme currencies are not listed on the market's leading exchanges. It's really tough to control these scammers who utilize meme coins; in actuality, meme coins are frequently used.

Who's invest in meme seriously they will be lose everything, meme coins will never able to fulfil their expectations so they think that whole cryptocurrencies is scam.
Some people's invest in meme coins to rich quickly, it's risky way. All meme coins are scam that's not true, some of billions dollars marketcap coins are listed in big exchanges, Shiba, Doge both of good.

This is really unfortunate, because it is sending a wrong signal about cryptocurrency to the public, inexperienced people who are affected in this meme scams will go out there and speak about their awful experience. It's also unfortunate that there's nothing we can do about it, as more and more scam projects are introduced into the crypto space. The only thing we can do is avoid most of them that have not withstood the test of time, I'm very skeptical about buying into new meme coins, despite how promising they look.

I don't know if governments can regulate how they're launched in their countries, maybe it can help to control the influx of scam projects. Secondly it's important to educate our loved ones who have the interesting of investing in cryptocurrency, to be properly informed before venturing into it.

There are indeed many memcoins in the world of cryptocurrencies, and there are undoubtedly many scams among them. This creates risks for newcomers who may face loss of funds. Some platforms may provide the opportunity to participate in memcoins while providing greater security than some decentralized exchanges. I think, on the contrary, more and more people are interested in memcoins, their popularity is growing.

I don't think so, of course there are several scams among memecoins, but they are also very effective expanding awareness about crypto, especially among the young people and those less interested in  finances or tech

They are also a good way to learning about crypto ecosystem, start trading with low risk (and potentially good returns in a bull run) and to learn how to spot a scam among new projects

Overall, I would say memecoins are less damaging than other things like valueless NFTs promoted by pseudo-celebrities or centralized exchanges running on unproven reserves

Who cares what kind of coins that exist or not? Of course you have right to think whatever you want my friend but stop be so sensitive it's up to the individual to make a decisions not a government or something else, we must realize we are smart and have power to take our own decisions instead of being busy and complain about meme coins, because meanwhile we complain others getting rich because of them. Do we want to be a winner or loser? Meme coins is the ultimate short term investment, people that call them scams do so often because they compare it with Bitcoin instead of see it of what it is and don't compare apples with pears, and they also don't know anything about trading they probably just holding bitcoin and think that makes them to a pro trader.  8) Knowledge is power. Come on now, let's take over this world together, I believe in you!

Good luck.

It's been like this even when before memecoin was a thing. Ponzi scheme, HYIPs, ICO scam etc, there were so many scams before a rise of memecoins but the vision of crypto's image is wilder today due to different stuff is going on currently. People would think like that because memecoins are most likely targeted to newer users and it's easy for them to get fed up with these memecoins because how medias think that memecoins are the way to make money because of the sudden rise at the same time.

For me the image is pretty much the same, even with the scams of memecoins. I don't think it will affect that much, once people think that crypto is bad then they will still think like this forever.

Yes, there is a huge possibility that a meme coin is a scam, or not a scam, rather it will not last for too long. There are many meme coins created, and one of them is dogecoin, but why is dogecoin still in the market and has value? First, although this coin was inspired by a meme dog, the creator is legit or the coin is legit, and many investors may find it funny about the coin, so they choose to invest in it by buying dogecoin, which results in the coin's circulation. That's why it's still available in the market.

In short, even a meme coin is a meme; if it is legitimate and investors start to invest in it, then it will be like any other coin that will be long-term in the market; you just have to be careful about what coin is legitimate or has the potential to grow and bring income to you, or learn to take advantage of the meme coin hype, then sell the asset at perfect timing.

Even when you say that, people are still willing to invest their money in meme coins because it's like gambling for them - if the price of the meme coin goes up drastically that's great, but if it goes down they just have to wait until there are some whales playing with the price meme coin, then sell it. That's the whole game in meme coins, because there is no economy in these types of coins, everything is just a game of manipulation and speculative.

It would be always that rags to riches and this is the primary thing on why people do really continue to put and invest into shitcoins or memecoins because they do know that there's really having the odds or chances on getting rich once they do able to hit up the right project. Even myself is really that a fan of with investing with meme coins on which i did make some considerable amounts of money
and also with losses too. There are really people who cant really just be able to bare up with the risk that there are ones who are really that afraid on taking on because chances of
rugpulls and scams are really that high.

Tarnishing? Sort of but there's no way that we can completely stop about its existence as long there would really be those scam devs that they would really be creating their own coin
and trapping with those greedy noobs who do really believe on easy money. This is why we should really be that careful on what we are dealing with.
So its up to someones personal choice whether they would really be risking

Just expect instant riches from investing in memecoin, it is a dream that will not come true easily. look how miserable it is for someone who loses a lot of money because of a memecoin they believe in, it's even better called a shitcoin. A new project that looks good at the start but then the dev goes missing and sells all the tokens he was holding. memecoins or shitcoins are scams, but not all of them but almost all of them. because some of the top memecoins like Shiba and Doge are my favorite memecoins to date.

Sometimes we don't realize that fraud is not caused by those who have desires but is based on carelessness and placing excessive trust in coin memes.
Basically, not all memecoins can be categorized as fraud and why they can just disappear on the market is because there is no interest in these coins so in such a short time they disappear without a trace.

It has nothing to do with damaging the image of crypto under the pretext of memecoins and in fact indirectly the presence of coins like this can provide motivation and interest for people to join this industry. A person's interest really depends on how they know crypto and that's why knowledge is needed, not just seeing how to make a profit.

Finally you try to promote another meme that you think has a good future in crypto, but how confident is this coin can survive in the long term, because there are many coins that are listed on leading exchanges but in the end they just die.
Viewing a coin as having a longer future is not the only way benchmarks are listed on leading exchanges because if that were the view then many beginners would be increasingly stuck with the narrow knowledge they have. Study a lot of things to determine the answer so that you have a conclusion to draw about meme coins.

If we talk about fraud in crypto, not only memecoin but many projects were scammers before memecoin was popular, most of the beginners who were fooled by scammers were because of FOMO, this is very normal in crypto, not only beginners, even people who have known crypto for a long time also often feel it. , but tend to persist because it's not just 1 project that they participate in

I don't know why many people still see meme coins as a bad projects. What actually make them a meme coins?
I think this is one of the questions we need to ask ourselves before complaining why we think meme projects are polluting the Crypto market. Anyone can launch a project and due to the total supply of the project, we can know that the project is a meme coin without even thinking much about it. There are meme coins that are good for investment.

Meme coins success made many people earn much profitable with small capital, I think difficult to earn more than 1000% profitable with small capital in top altcoin standings exactly has highest price right now. Need to educate with some one has bad viewed with meme coins as bad project, actually meme coins give us large opportunity to earn much profitable with short term and low capital investing. Significant difference when trading in top standings market altcoin required much capital to earn much profit and need waiting for longer time raise more than 100% profitable.
Need make research before investing or trading with meme coins project, don't make your fault when get scamming with meme coins have bad viewed about meme coins project is not recommended for investing.

Actually, it's not just meme coins that are ruining the image of cryptocurrency or bitcoin; even other cryptocurrencies are also ruining the image of this field. That means meme coins, crypto, or NFT (let's include Bitcoin) are used or become tools by exploitative people to defraud the community here in the name of money.

But not everyone is like that; let's not generalize, because most people know that Bitcoin or cryptocurrency has really helped a lot in terms of financial problems. Then it's just common sense: why are there big companies investing in this field of Bitcoin or meme coins if it's all a scam? right?

Some memes are really bad and make the whole training system bad for newbies.  However, the whole system should not be called bad for some meme coins.  Some meme coins are actually stigmatizing cryptocurrency to newbies.  Because most memes are scams.  This is why newbies are advised to stay away from meme coins in the beginning.  If a newbie invests meme coins despite repeated bans, no one else will take responsibility and cryptocurrency reputation will not suffer for it.  Newbies are advised to trade carefully.  Investing in meme coin there will be a very wrong decision.

Any market where there is no organized regulations of any sort, where anybody can come in with their products and there is no framework to check whether standards to protect consumers from fakes  are carried out, there you will find a lot of scams. This is why fraudsters will launch scam projects in the crypto market, dupe their investors and get away with it, other scammers will see that scam is lucrative in memecoins and they'll also develop their own scam projects too, hype it and scam uninformed investors. If there's nothing we can do about scam projects in cryptocurrency, then we can only stay ahead by being better informed inorder not to fall victims, therefore every investor that wants to buy new memecoins, should carry out research first, then decide if they still want to go ahead to buy, also to remember to that it's better to invest the amount that they can afford to loose.

Are memecoins giving crypto a bad name? I kinda think some of the really terrible memes make crypto look shady to newcomers.  But we shouldn't judge the whole community based on a few lame meme coins.  Sure, most of those things are basically scams or jokes.  But I get why people roll the dice on goofy stuff like that, even if they'll probably lose.  Crypto started as an experiment, so we should keep an open mind.  But the scammers and pump-and-dump garbage does hurt perception.  Maybe we need better education so people make informed decisions. The tech has value, but we have to be honest about the risks too.  Just my two sats.

i think though people are smart enough right now to differentiate one crypto to another, but indeed it can still tarnish the image of crypto, after all some people think every crypto in existence is bitcoin.
and this could possibly tarnish the image of bitcoin too since bitcoin itself is already being approved of its ETF to put it simple bitcoin is more accessible for general population than ever for investment i think it also great if there's any good material to know before hand for any newbies that tries to invest that there exist certain meme coin created purely for speculation that could potentially cause us to lose money.
the many reason meme coin still exists to this day is that some newbies trying to become millionaire within a night and fail at that miserably.
the rest of the meme coin investors other than that are speculators but that fine since they know what they are speculation and know the risks, its those that don't truly grasp the way of investing in crypto that usually fall victim.

beginners who are attracted by seeing people share their success with crypto on social media are usually the victims. Memecoin is growing very rapidly on social media. and those who managed to make huge profits in a short time shared their stories and screenshots on social media. when this situation occurs successively and more and more, of course, it can influence ordinary people who previously did not know about Bitcoin and crypto to also be interested in investing.
without knowledge, it is clear that memecoin can influence beginners' views of Bitcoin. but for those who know crypto, they can clearly understand the mistakes and risks.

If you can stay away from memecoins in the market, it will help you to avoid scammers, because many memecoins has reduced many investors to nothing in the community because they refuse to embrace potential coins like Ethereum, Solana and BNB in their crypto trading. There is something many investors don't still understand about memecoins, the moment the project is launch in the market, the team behind the project will make it look like what will bring more favour to their investors which are things that always attract people to invest in such project. I don't think memecoins can destroy the image of crypto, because there are many coins you can invest in the bearish season that will give you double income in your crypto trading.

I consider meme coins as scammer coins. Whoever issued meme coin just wants some free money because it doesn't have any other usecase. Why do people still want to invest in meme coin? Why don't all the blockchains issue their meme coin and pump those coins by locking most of the tokens within their wallet? Investor sees how all the meme coins are doing 100X within weeks so they want to jump on that train too. Meme coin don't have any future so if you can grab one before it starts pumping you can buy a tiny amount so that in case it shoots you get a lucky profit.

Many of these meme coins aren't really serious with what they've started and that's why many are into investing their money with it.

If you think that many of them should be avoided, I am with you and people should buy those coins that they're aware of and if they can buy bitcoin, it must be done.

There are communities now that are into pump and dump with these meme coins and they're unstoppable. Because whatever we tell them, they'll keep going.

If we stay away from memecoin, our money will be safe. I think it is very important for us to stay away from memecoin because if we invest in memecoin, our money will be more likely to lose. So we should find something good and invest instead of investing in memecoin.  It can be very beneficial for us if we can.

Its not really just not being serious but rather the main reason on why they do invest on it since it could possibly give out that easy multiple folds of their capital if they have chosen the right one.
Yes, they are shit but those shits could bring out money once you do able to invest into the sweet spot but of course this is something that would really be that risky to be done by someone since
we know that when it comes to rug pulls and fraud projects then those DEX's are really that flooded out with those kind or type of projects. If you wont really be that too careful
then you would really be ending up on losing tons. This is why it would be best that you should really invest the money which you can afford to lose.

If you could be able to bare up with the risks then it is good but if not then better avoid this market and would be better that you should be sticking into those
well established coins i would say.

if we just stick to invest in new project we might even get better profit than investing in meme coin the thing with meme coin at this current bullish season is, finding one that could get good pump is hard, but finding one that could cause our money to lose is easy, quite opposite if we invested in new project that just got listed and hits all time low, chance of recovery is high this equates to our profitability meanwhile finding one that will just outright dumps into zero is hard, altcoin is more lucrative business to invest, meme coin or should we say shit coin in the other hand just full of broke devs trying to make money out of creating exit liquidity from people money thats the thing.
still wonders me to this day why people are still so fixated in investing in meme coin meanwhile there are tons and tons of thing that are better for investment, well i guess people have their own idea.

Not just many but all of them are not serious because the word meme is also not serious and it's funny if that is the reason on why many are investing with them but the only reason on why meme coins can still get an investor is because meme coins are an easy-to-ride vehicle to create a pump. Investors on them are greedy and wants to become rich overnight.

I salute those concerned users who keeps on giving warnings to the investors to stay away from these types of coins despite knowing that there will always be hard-headed investors who still insist to. If that is what they really want just give it to them and just let them regret later on.

Yeah, this is totally about envy of others getting rich with "wrong" coins. And i find it distateful that people see freedom of making any coins as tarnishing the image of crypto. Meanwhile just 2 days ago there was a news article revealing that north korean had managed steal $3 billion worth of cryptos that were used to develope nuclear weapons for the north korea. But yeah, funny meme coins are the ones that are giving crypto a bad name. Pepe tokens and tokens alike are never going to to take crypto down, in fact they are bringing in new generations to this space, that want to show old suits what they think of their finances. But CEXes evading regulations and aml laws, the fact that terrorists get funded by this, might hurt us worse than anything.

I choose to take western media very lightly, they seems to be able to lie about very much about this I don't know anything and don't support North Korea but if they could steal crypto that easy so often...
why not do it more?

But others, like yeah who cares? If you hate them (meme coins), story your BTC and be bitter nobody cares about you and your'e opinion. (Now I don't speak about you, I speak in general)  :-* :)
And also meanwhile these people is busy hating other getting rich.
And instead of work against each other and hate and push each other down that this forums members is expert to, work TOGETHER against the POWER. Because the PEOPLE is THE POWER.
But sadly to many is poisoned by their governments and believe everything they say like knee dogs.  :D
We could make this world amazing, but instead we turn part of part of it down mean while working against each other and the one in charge just smiling meanwhile.


People are to fucking busy to care what others does and thinks so they forget to live their own life to 100%. It's sad!

It will not be possible to say yes or no in answer to this question because an individual who has just entered the cryptocurrency market may lose all his/her money by trading Memecoin or in the opposite case, he/she may earn several times more. Of course, especially a new person, in such a situation, there is a very high probability that he/she will try to trade memecoin like crazy and at some point he/she will lose all the money he/she has earned, including his/her principal. In other words, like many memecoins that turn out to be scams there are many different memecoins on the market that can have positive results and for this reason they don’t cause newbies to think negatively about the cryptocurrency market.

I got so many questions from this, like "why not do it more?". You do realize how much money $3 Billion is? It's like asking, that if Jeff Bezos can make so much money so easily, why not do it more?

And as you very well know, stolen crypto can be tracked by anyone as blockchain transactions are transparent, no matter where they trade it, and it's just not by government officials that have been tracking groups like Lazarus Group. Maybe you could dig up the proof as you obviously seem to know more then rest of us. And let's play that even if it wasn't because for some weird consipiracy NK related, those hackers still exist and how is that not tarnishing the name of the crypto more then some freedom of making meme tokens?

not just teasing. This is the only thing that tarnishes crypto, long before memecoin was popular, many projects were scams like ico in 2017, and of course scams like this are difficult to eradicate, but if people are experienced in crypto, they will read more about the project, see the team, and who their investors are. Of course, so stay alert to crypto fraud, maybe now we don't know what the next trend will be

Thanks for being a perfect example of my meanings! this is exactly what I mean - Wasting time on nothing... Trying to battle each other... It's POINTLESS!

Point is - WHO CARES? Why you even care about this? You obvious need to lend money online from a stranger online and promote a casino and this is your concerns in life? If I was you I would focus on myself and my life instead.
Swift focus and focus on yourself and be a better person then you was yesterday, I am not saying you are bad today but if you need to lend money online you for sure can do a lot better! No excuses just do it.
Do something createful and thenyou don't need to lend money ever again from anyone give yourself freedom instead of speaking about it! Start to be a winner instead and stop F focus on things you never ever can make an impact on.


What did I claim? That I take western media lightly? I do they lie a lot very often.

PS: Yes I know how much money $3 Billion is it's exactly $3 Billion. Do  you know how much it is? :D

I believe in you friend! Start your journey now and stop wasting yours and my time for absolutely zero reason it will only lead to another loan.

Shitcoins are keep launching in cryoto market since years but now they found a name which is "memecoin" and shift themselves in that category where they don't need to think about white paper, roadmap, verification ownership or anything else. Just make hype, pump the price and scam people. It is very common nowadays. And memecoins are always listed in low quality exchange by giving low fees. They don't go for good exchange cause they know that they'll be disappeared soon. Only shiba & doge can be considered but with caution

And there's no way on stopping that and this is why it would really be just that right or wise that you shouldnt really be that confident on investing with these shits, but we do like it or not
there are really those people who do really love on engaging with these shits specially if they could be able to make some easy money or return.Even myself did make some
engagement with some solana degen or even on ETH network wayback and also with BSC on which there are really tons of shitcoins that you could really be able to deal with.

This is why it would really be that important that you should really be making yourself wary about those potential risks. If other people do really have those plans on
keeping on engaging to it then this market wont really be stopping and those developers would really be keeping on making those shitcoins everynow and then.

My opinion is that meme coins and associated fraudulent schemes pose a risk, especially for newcomers. It's better for newcomers to avoid meme coins due to the high risk involved. If they still decide to invest, they should choose meme coins traded on reputable exchanges and be mindful of the risks associated with this type of asset.

Crypto is a risky game and it needs courage and knowledge to drive in true direction. Not only a memecins are shitcoins but also a crypto from verious catageoy, could be shitcoin. As memecoin launched a lot already and people greed too much, that's why most of people loss in memecoin investment and that's why memecoin comes to light but its in discussion that memecoin tarnishing crypto imagine. The solution is, don't be greedy and go for memecoin investment with a little fund what can afford to loss

People often loss their money due to greed even they know that most of the Meme coins turns into shitcoins but still they are investing in it because they wants quick revenue. This is only greed due to which people are often facing difficulties in life so if they choose successful coins and hold it by tolerating all dumps and pumps then he can reduce his greed as well as can get rid of the habit to choose shitcoins.

I will say that Meme coins are going as a successful coins these days but there is no commitment that upto which year they will be as such profitable as they are now because everyone is familiar that lots of people have lost their money just because of meme coins but still they are prefering their Meme coin due to greed and ignore the success of top coins.

Its true that memecoin tarnishing the real face of crypto but memecoins aren't only responsible. If you analysis last 6/7 years chart, memecoins weren't so much in trend but there were shitcoins and those were also launching and scamming people as same way as memecoin do. You'll find thousands of shitcoins projects who sold their token in ico and never listen.. then when IEO came, team withdrawed all liquidity and scam people. And then defi did the same. And now memecoin doing so. So why only blaming memecoin? There are and there will be always shitcoins which will keep launching in future too. All Crypto industry won't be responsible for that if you choice shitcoin. So need to invest wisely

Yes, basically meme coins are currently a very risky investment and are not recommended. However, many people choose to invest in meme coins because of the huge profit potential. However, it does make cryptocurrency look bad, when many people choose a meme coin, and it becomes a scam, then people will say that it is crypto. However, in this case, investors also need to be wise in choosing investments, and I really emphasize this, because generally investing in crypto is very risky, especially in meme coins. As the name suggests, meme coin, it is a coin that is not recommended. If you choose these coins as an investment, investors must be prepared for the risks.

Memcoins generate more hypes than most cryptocurrencies because they spend significant resources in doing this. A lot of people started buying cryptocurrency through this means. Even though most of the memcoins turn out to be scams, some people that joined new end up continuing with cryptocurrency because they would have learnt how to go about chosing reliable cryptocurrencies to invest in and with time some will even learn that bitcoin is the best.

I have come to the point that I consider bitcoin majorly and my portfolio is 90% bitcoin. Once in a while some little money is directed to other coins but that's after careful studies and analysis.