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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Best-mary on March 17, 2024, 03:06:00 PM



Title: Are memecoins also classified as Altcoins?
Post by: Best-mary on March 17, 2024, 03:06:00 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


Title: Re: Are memecoins also classified as Altcoins?
Post by: Mate2237 on March 17, 2024, 03:58:17 PM
Op it will be better you put the link of the yesterday thread so that people can easily go and thae see what said and other arguments that led to the creation of this thread. And I just said over there and I am not going to say much again here because I have said a lot over there that the three coins are one.
Memecoins
Airdrops and
Altcoins are all from one family. It is just a logistics movement that born altcoins. It is from the airdrops memecoins were born then it is from the memecoins then altcoins are born. And they are all shitcoins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: AbuBhakar on March 17, 2024, 04:00:15 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


Simple answer is yours. Any token/coin aside Bitcoin is considered as altcoin AKA shitcoins. So memecoin is an alternative coin to Bitcoin just like everybody else token.

But I think your statement is still correct if you classified other token as altcoin to memecoin because the original meaning of altcoin is what I mention above. People here just more focus on Bitcoin since this is Bitcointalk forum that’s why every coin is an alt to Bitcoin.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Saisher on March 17, 2024, 04:27:36 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


In case you don't know altcoin is short for alternative coins so they are all alternatives to Bitcoin and whatever coin that be it meme or exchange coin it's still an altcoin an alternative coin for Bitcoin and because they are alternate coins they cannot surpass Bitcoin popularity and support coming from investors, so many of these altcoins turned to scam coins and shitcoins, after they failed to generate support.


Title: Re: Are memecoins also classified as Altcoins?
Post by: cryptoaddictchie on March 17, 2024, 05:40:34 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

Not sure if you do some background or researches already but its quite simple since memecoins are also an altcoins is just that they are the type we called shitcoins or meme coins that arent actually have much use case but sole intended only for pump and dump and fun. But there are memecoins that are actuallt got some product working like doge that can be use for payment or thus some use at all.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Mpamaegbu on March 17, 2024, 11:20:13 PM
Altcoins or Alts means Alternative Coins.

Any coin that's not Bitcoin is Altcoin.

Memes aren't Bitcoin...

Therefore, Memes are alts/altcoins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Adbitco on March 17, 2024, 11:40:51 PM
Hi mate there is some argument you aren't meant to open a thread for and how could you go argue if memecoin aren't altcoin does this look responsible  okay if they aren't altcoin where do you want to classify them bitcoin or what?
Sometimes when something like this comes up you just have to lock the thread to close some blind arguments.


Title: Re: Are memecoins also classified as Altcoins?
Post by: livingfree on March 17, 2024, 11:51:43 PM
What comments are you saying that you have seen? It is easier to understand it like this.

Bitcoin = Bitcoin

Not Bitcoin = Altcoins, memecoins, shitcoins, AI coins, etc.

There is no need to be confused a lot with these classifications. Well, this is my own understanding about the subject that you have brought and that if the matter is just all about gains. No argument needed if some of the alts have gained a lot than Bitcoin but if it is abput stability and gains too, Bitcoin hands down.


Title: Re: Are memecoins also classified as Altcoins?
Post by: o48o on March 18, 2024, 12:16:56 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?
Just call them clown money for all i care. But seriously, they are more altcoins then somekind of new group as seperate from them. As how would you even define a memecoin? Because of the name and the picture? What if ETH becomes a meme? Is that memecoin as well? Honestly this is just stupid. Just call them all altcoins. Even though technically even most of altcoins aren't altcoins, nor memecoins are memeCOINs because lots of them are tokens.

Altcoins have their own blockchain, unlike tokens. But at some point people just started calling everything but bitcoin an altcoin, no matter if they are tokens or coins. There were just too many people to educate and even basic concepts seemed too complex for them. I wish we wouldn't have lost that fight, but topics like this make even that seem irrelevant, when even concept of memetoken isn't known by people who are trading them.


Title: Re: Are memecoins also classified as Altcoins?
Post by: AVE5 on March 18, 2024, 03:11:42 AM
Aside the bitcoin, every other cryptocurrencies are AltCoins and AltCoins means alternative to bitcoin which is the facial original development in the cryptocurrencies. The MemeCoins are junks to the AltCoins because they obtains their potential values on the capacities of speculations and the internet/social media influences unlike some other AltCoins that gain theirs by dependant or the bicoins volatility potentials volumes.


 


Title: Re: Are memecoins also classified as Altcoins?
Post by: strunberg on March 18, 2024, 03:36:17 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.
Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

I do not think so. I don't like meme coins being classified as altcoins. Meme coins have no fundamentals, no value whatsoever and what pumps up their prices is just momentary hype that is deliberately driven by the community. I personally regret investing in meme coins. I once invested in Rats and apparently I just found out that Rats are really silly coins. No white paper, no roadmap, no team and completely useless coin. I learned one thing, that the market can be an anomaly and never trust these shitcoins. Unless you want to gamble with your money. And you get early access to a meme coin community.


Title: Re: Are memecoins also classified as Altcoins?
Post by: husencoe on March 18, 2024, 03:17:29 PM
Are Altcoins really memecoins and why did you think so?

Altcoin is a term used for coins other than Bitcoin.  Altcoins are numerous and even memecoins are also Altcoins.  Memecoin is a coin inspired by memes, jokes, or images that go viral on the internet.  Although they operate similarly to other cryptocurrencies, they often exist simply to capitalize on momentum and have no clear purpose, their prices tend to be volatile and their success is often determined by their virality and online community support.  So collecting Memecoin is very risky if we don't understand it well.  Memecoin is an Altcoin group that usually has a funny icon and has special characteristics because of its icon, but not all Altcoins are memes.  I hope you can catch the difference.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Mate2237 on March 18, 2024, 03:24:37 PM
Op I come again. If the meme is a coin then it is altcoins. The coin is the classification of the altcoins with other projects. Like there is no coin is exchanges therefore exchange are not coins but exchanges have coin like OKX has it own coin or Binance has it own coin but the service itself is not a coin and any project that has the suffix as coin is altcoin. And you know why they are altcoins because bitcoin came before them so any other coins that coming out after bitcoin is an alternative and as others have said, it is popularly known as alternative coins to bitcoin while bitcoin is the main coin.

Is that more understandable?


Title: Re: Are memecoins also classified as Altcoins?
Post by: God bless u on March 18, 2024, 06:26:09 PM
I don't think so there similarities between meme coin and other major alt coins having some usecase.Basically the coins when they are launched and they don't have a clear agenda of what they want to solve and what they want to bring it into the market. so whenever A meme coin is launched people don't you know get it on the serious note and when they perform well then the investment arises and automatically it gets pumped up and then you know it automatically transfers into the alt coin section but after a good performance. So every meme coin can get to the level of alt coin but not every alt coin is a  Meme coin. We need to understand that that alt coin is of different category that has a good use case and that is performing well in the market but the meme coin is ambiguous yes and it can perform well or not.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Reatim on March 18, 2024, 06:35:01 PM
No. All memecoins are altcoins but not all altcoins are memecoins. This is a very basic concept

Altcoins are cryptocurrencies other than Bitcoin. Bitcoin is the first and top cryptocurrency up to date.
So everything aside from that is called an altcoin. Memecoins on the other hand is basically a subset
of altcoins. There are other types of altcoins too like defi or stable coins but let’s focus on memecoins.

From its name, memecoins are generated from memes. Projects usually come from and in form of a meme.
Maybe their name has affiliations to the meme or the symbol they use. How could all altcoins be a memecoin?
Do you think ethereum came from a meme?


Title: Re: Are memecoins also classified as Altcoins?
Post by: snowpega on March 18, 2024, 07:05:08 PM
Op it will be better you put the link of the yesterday thread so that people can easily go and thae see what said and other arguments that led to the creation of this thread. And I just said over there and I am not going to say much again here because I have said a lot over there that the three coins are one.
Memecoins
Airdrops and
Altcoins are all from one family. It is just a logistics movement that born altcoins. It is from the airdrops memecoins were born then it is from the memecoins then altcoins are born. And they are all shitcoins.

I do not know dear why are you saying this and I am not jumping/rushing upon you because I do not know under what condition you are considering all of them in one niche. well in my point of view saying this is not right if that so tell me one thing Ethereum is also an altcoin do you still compare altcoin with memecoins? solana is also an altcoin now what do you think mate? Dear, I am not an altcoins lover i love bitcoin the strongest digital currency ever but do not say this as many altcoins do have strong use cases strong ecosystems, and comparing them with memecoin is not the right thing.

on the other hand, memecoins work on pumping and dumping schemes and are highly volatile that why they are kind of different from altcoins. There are also many good altcoin projects that made aidrop for their supportive community at the initial level so some of these projects are also good projects that is why I think you should change your way of thinking otherwise buddy share with me your view maybe your view may change my way of thinking. Many Thanks!


Title: Re: Are memecoins also classified as Altcoins?
Post by: Sophokles on March 18, 2024, 08:12:42 PM
All the crypto currencies except bitcoin are classified as altcoin. In the altcoin there are various categories, and meme coin is one of them. Even all of those billions of dollars worth of stablecoin are also altcoin. Meme coins made a real buzz in the market and that is why some people wanted to treat them as a totally different class of crypto asset, but according to the altcoin definition, any crypto currency beside bitcoin will be considered as alternative coin which means altcoin and they are created to serve a specific purpose.


Title: Re: Are memecoins also classified as Altcoins?
Post by: MemeInSight on March 18, 2024, 08:33:09 PM
It is simple, all memecoins are altcoins yes, but not all altcoins are memecoins. memecoins are those altcoins that have no real value while those that have value are referred to their main category of altcoins, those that have no value are memecoins a subclassification of altcoins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: kamvreto on March 19, 2024, 06:34:26 PM

Coins other than Bitcoin have been explained a lot as Altcoins, so everything is clear. But if you are still asking about what section memecoins belong in, memecoins or even shitcoins might be interpreted as cheap coins in altcoins that do not have any utility and are only created for speculation.


Title: Re: Are memecoins also classified as Altcoins?
Post by: irhact on March 19, 2024, 07:12:10 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

Memecoins are altcoins but not all altcoins are memecoins altcoins is a general name used to call all cryptocurrency that aren't Bitcoin. Any coin, tokens or NFT can be called an altcoin as there's no specific type of cryptocurrency being given the name altcoins but they're all altcoins.  Memecoin are doing better as they're the narrative that investors are investing into, soon they won't be making investors alot of profits as attention will be shifted to others narrative that aren't memecoins.

Altcoins aren't memecoins instead memecoins are altcoins there are many altcoins that have very strong fundamental and can be invested into for long term and you'll make profits as they won't be a pump and dump project without any real product that they're working on just as many Memecoins are. Memecoin depends on hype to pump but some good altcoins don't need hype as they have working products


Title: Re: Are memecoins also classified as Altcoins?
Post by: Ben Barubal on March 19, 2024, 07:21:33 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


     We have a Google search operation; why do you seem too lazy to do it? then you will ask here in this section. Here I will give you a difference between meme coins and altcoins, as you can see in the image below.

Quote
https://i.ibb.co/mCdw9hY/meme-vs-alts.png (https://ibb.co/KjBk2VQ)
https://coingape.com/education/meme-coin-vs-altcoins/

    If for you they are just the same, then so be it. That's why most communities here will not believe that they are the same, which for me is not really the case.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Geurangsang on March 20, 2024, 08:04:58 AM
All coins except Bitcoin are called as Altcoins which is an abbreviation for alternative coins. Then a new term emerged called memecoin, which is an Altcoin inspired by memes, jokes or images that is viral on the internet. Apart from coins, there are also memes in the form of tokens called as meme tokens. Memes usually take advantage of certain moments to appear and get hype to rise. Many people think that memes are shit coins and are less popular, but in this bullish trend, the name meme is increasingly popular because it can provide more profits than other altcoins can provide. It's just about knowledge about the terms, nothing else.


Title: Re: Are memecoins also classified as Altcoins?
Post by: FinneysTrueVision on March 20, 2024, 09:17:10 AM
Anything besides Bitcoin is an altcoin and can also fall into several subcategories. A casino could issue their own coin with confidential transactions and name it after Elon Musk. In this case it would be a privacy, meme, gambling coin.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Sayeds56 on March 20, 2024, 10:19:34 AM
Certainly, any cryptocurrency other than Bitcoin is alternative or altcoin, with meme coin falling in sub-category of altcoins. Presently, we are witnessing hype of meme coin in crypto communities and even Solana and Cosmos chains have started rewarding their wallet holders with meme coins. I personally don't consider Meme coins as a viable  long term investment, because they lack any real life use case. Doge coin might be an exception, if  Elon Musk incorporate it into his business operations as method of payment.


Title: Re: Are memecoins also classified as Altcoins?
Post by: aioc on March 20, 2024, 11:34:14 AM
I wrote a post yesterday about meme coins doing better than Alt.
There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?
People corrected you because you think meme coin is a different coin that is different from altcoin, how come you become an investor without understanding that altcoin is an abbreviation of alternative coin, so any coin that is not Bitcoin is considered an altcoin and meme coins are part of that altcoin.

We have thousands of altcoins in the market and there were more than are dead these are called shitcoins and dead coins, when an altcoin losses its value it become a scam coin, shitcoin.



Title: Re: Are memecoins also classified as Altcoins?
Post by: deathcode on March 20, 2024, 11:50:32 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


If you mean meme coins are also part of altcoins, yes that's correct in my opinion. to my understanding, crypto assets other than Bitcoin would be called altcoins. and that includes meme coin tokens, of which we may encounter many new ones now.
It seems like there is a separate classification for memecoins. they can indeed be called altcoins, but not all altcoins are memecoins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: AnonBitCoiner on March 21, 2024, 05:05:16 PM
Yes all meme coins are altcoins and you can easily understand this fact by knowing that every coin beside bitcoin is an altcoin. Meme coins are not better coins because there are lots of scam projects arising with the name of meme coins and people with such concept accept these meme coins and lost their money.

Among altcoins meme coins are doing better these days but there is no guarantee that they will be true coins or become shitcoins in future. People like meme coins due to quick success but these hypes are just because of Bull season and these will remain same as past so invest in meme coins but with low amount.


Title: Re: Are memecoins also classified as Altcoins?
Post by: batang_bitcoin on March 21, 2024, 05:34:19 PM
You have already said that they're also altcoins so then so be it. There's no need for an extended discussion about it telling if they're meme coins or not because no one is going to win that argument if ever you think that it's proven they're altcoins, definitely they are. Just like the altcoins many of them are scams and has a chance to do rug pull.


Title: Re: Are memecoins also classified as Altcoins?
Post by: kentrolla on March 21, 2024, 06:01:21 PM
Let's keep it simple, all the crypto currency apart from Bitcoin are classified as Altcoin and this will stand true regardless people would lik ei tor not. I have already seen people showing their dissatisfaction on memecoin being called as altcoin but that's how it is and you can also call it as memecoin is a part of Altcoin ecosystem. Eventhough I don't personally invest into memecoin much but still there are lot of them in the market hence we cannot dislocate them from Altcoin ecosystem and I have used them to transfer funds due to their lower transaction fees and not using for the purpose it was created.


Title: Re: Are memecoins also classified as Altcoins?
Post by: khiholangkang on March 21, 2024, 06:17:16 PM
I see some people agree that meme ocin is an altcoin too but you need to classify it into shitcoin because it is not very useful and full as the worst speculation ever in the crypto industry, however for people who are good at getting can become millionaires in the near future, even if you are lucky.

The last conclusion is that it cannot be denied that meme coin is an altcoin because altcoin is a term other than bitcoin so I think it belongs to altcoin, don't be too excessive in altcoin because you will easily lose money if you are too excessive in holding altcoin.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Tomcolor on March 21, 2024, 06:52:46 PM
It may be really luck that you can get rich from memecoin because almost memecoin can't move in value for long time. Lots of scam memecoins are entering the market so fill your bag of experience to pick the best one. Almost everyone has memecoin holdings and I already have two memecoins secured that I picked for long time. However, pick the best memecoins from cmc who have managed to enter the major exchange markets and whose development activities are truly commendable.


Title: Re: Are memecoins also classified as Altcoins?
Post by: yazher on March 21, 2024, 10:10:07 PM
They are one of the categories of altcoins just like stable coins and others like privacy coins as well. we have varieties of choices when it comes to altcoins and also a low chance of choosing where is the right coin and who are the main developers when it comes to producing working projects in any category of altcoins. because of this, we are having a hard time investing in altcoins because the lower probability depends on how much knowledge you have when it comes to investing in newly created altcoins. Only what makes meme coins special nowadays because they are trending and gaining some hype all around the crypto industry. that's why you think they were different but in reality, they're not.


Title: Re: Are memecoins also classified as Altcoins?
Post by: snowpega on March 21, 2024, 10:40:06 PM
Yes all meme coins are altcoins and you can easily understand this fact by knowing that every coin beside bitcoin is an altcoin. Meme coins are not better coins because there are lots of scam projects arising with the name of meme coins and people with such concept accept these meme coins and lost their money.

Among altcoins meme coins are doing better these days but there is no guarantee that they will be true coins or become shitcoins in future. People like meme coins due to quick success but these hypes are just because of Bull season and these will remain same as past so invest in meme coins but with low amount.

hmm dear I got confused after reading your post how is it possible that we can consider all memecoins as altcoins? Memecoins are well known because of their big supply in the market and memecoins are highly volatile and work on pumping and dumping schemes and most of the memecoins projects are scamming projects and also shit projects. But in my opinion or point of view comparing memcoin with altcoins is not the right thing. What do you say about that?

As we know that many of the altcoin projects are very strong and they have their strong ecosystem, and strong use case if I am not wrong here dear Ethereum is also an altcoin Solana is also an altcoin, and many of the altcoins I can mention here but I would like to know it from you how can we consider of say that all memecoins are altcoins? Buddy do not mind I just wanna know I am not jumping upon you... I am just asking in a humble way. Many Thanks!


Title: Re: Are memecoins also classified as Altcoins?
Post by: nelson4lov on March 21, 2024, 10:50:48 PM
I'm a simple individual and I like to keep things very simple so it doesn't get overly complicated. When I think about crypto, There is ONLY:
  • Bitcoin
  • Altcoins

Everything else that isn't Bitcoin  — whether it has utility or not or its just hyped memecoin, it's still in the second category. Memecoins are still altcoins with the only differentiating factor being the fact that nothing is promised. Where hype determines price and no hype means price decreases beyond beliefs.


Title: Re: Are memecoins also classified as Altcoins?
Post by: ololajulo on March 21, 2024, 11:08:39 PM
Altcoins or Alts means Alternative Coins.

Any coin that's not Bitcoin is Altcoin.

Memes aren't Bitcoin...

Therefore, Memes are alts/altcoins.
This would have been my explanation. He needed to check google and find the meaning to verify the comment, no reason for this. For clarity, Meme coins are alternate coin/altcoin


Title: Re: Are memecoins also classified as Altcoins?
Post by: Wiwo on March 21, 2024, 11:18:14 PM
Yes memecoins are classifieds under altcoins, reason being that memecoins runs on the layer2 ethereal chain and for that will definitely falls under altcoins but what makes memecoins different from some altcoins is because of the unavailability of whitepaper for most and majority of the memecoins.

Unlike altcoins that many of them plays a rule in the cryptocurrency ecosystem,  and also having a clear road maps and course definitions


Title: Re: Are memecoins also classified as Altcoins?
Post by: MFahad on March 21, 2024, 11:42:04 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

Any cryptocurrency apart from Bitcoin is called an altcoin because altcoin stands for alternative coin which means any alternative coin for Bitcoin is called an altcoin. So any coin, including meme coins and shit coins, other than Bitcoin is technically an altcoin.
However, people often don't consider meme coins among altcoins, and they refer to cryptocurrencies that have proper projects and are backed by known teams and good management whereas meme coins and shit coins don't have any of these things, which might be the reason why some people don't refer to meme coins as altcoins, but in general, they are altcoins as well.


Title: Re: Are memecoins also classified as Altcoins?
Post by: GigaBit on March 21, 2024, 11:58:18 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

All coins except Bitcoin are known as altcoins. As such, we can call Meme coin an alt coin. You may have raised this question because meme coins have no use case. In the market, they see nothing but bullish and bearish sentiments. Moreover, the rush of new meme coins is so high that investors are increasing their attraction to meme coins instead of trading in other good alt coins. Meme Coins are also known as Shit Coins or Hype Coins. Some also call it gambling coins . Due to their high influence in the market, these coins now have large trading volume that higher than some other good coins. Moreover, Coinbase recently announced the addition of dogecoins to their futures trading. They believe that Doge Coin is more powerful than other coins even though it is meme coin.


Title: Re: Are memecoins also classified as Altcoins?
Post by: bluebit25 on March 22, 2024, 12:21:55 AM
Altcoin refers to all cryptocurrencies other than Bitcoin, and here memecoin is a part of altcoin.

Like you may have heard about crypto L1, L2, DEFI token, AI token, memecoin,... all are terms that describe altcoins.

Perhaps OP doesn't know the basics so he's confused between terms memecoin popularity in the space makes it a trend that quickly gains attention, but in the altcoin space most of it is driven by hype. But back to the main topic, this is just a matter of confusing terminology.


Title: Re: Are memecoins also classified as Altcoins?
Post by: TravelsAsia on March 22, 2024, 12:33:27 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


'Alt' was a way to capture everything that's not Bitcoin into 1 cesspool.  Not much discussion needed:

Not your keys = not your Bitcoin
Not Bitcoin = alt

Easy.


Title: Re: Are memecoins also classified as Altcoins?
Post by: bussybuddy on March 22, 2024, 01:00:39 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

crypto = bitcoin + alts ( stablecoin, Layer 1, Layer 2, memecoin, dex coin, cex coin,....)

And to put it simply, memecoin is part altcoin, and perhaps the OP has misunderstood how these concepts work.

And usually we have more and more new concepts about altcoins, like later we will still hear about socialcoins :)


Title: Re: Are memecoins also classified as Altcoins?
Post by: Churchillvv on March 22, 2024, 03:19:30 AM
I know by now you must have gotten enough answer to your question, and I believe this questions is as a result of you not having a good background know of cryptocurrency generally because you should know the difference between bitcoin and every other coin. Or perhaps you needore work to do than post maybe you should consider reading articles first and get yourself acquainted with the basic bitcoin and the cryptographic knowledge to be able to survive in the space.

You and also visit learnmeabitcoin[1] web page to learn more of bitcoin and how it works. That website has every beginner knowledge in it, hence after reading you will begin to follow up with the space of bitcointalk community.

Additionally I would also suggest you go to this thread or find any other thread that is rated to cryptocurrency word/ terminologies (vocabularies)[2] and there meanings it will help you to know the meaning of abbreviations that are used in the crypto space.


[1] https://learnmeabitcoin.com/
[2] https://bitcointalk.org/index.php?topic=126798.0 /https://coinmarketcap.com/alexandria/glossary / https://www.coingecko.com/en/glossary


Title: Re: Are memecoins also classified as Altcoins?
Post by: adzino on March 22, 2024, 03:54:10 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

Anything in crypto currencies that isn't bitcoin is considered as altcoin. So memecoins/shitcoin are also altcoins. You can say that meme coins are another part/category of altcoins. Like a subgroup. Its the same way people mention Layer 1 coins, Layer 2 coins, privacy coins and so on. There are also exchange (CEX) coins and tokens which are all a part of altcoins. All these altcoins subgroup does have a cycling trend like when a meme coins starts to rally, the whole meme coin market follows the trend. Same goes with L2 coins. The post you read yesterday probably tried to say that memecoins are performing well in the market compared to the top altcoins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Ben Barubal on March 22, 2024, 05:58:16 AM
      They are the same, as far as I can see, because they can also provide profit to anyone who believes and sees potential in the market in the field of cryptocurrency.
It seems that fiat is like a different currency, but it is the same digital currency that can be exchanged for fiat.

     But that is not the important thing because the bottom line is the only reason why many community investors enter the field of cryptocurrency, and that is to
grow the capital of each investor.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Bureau on March 22, 2024, 06:08:52 AM
      They are the same, as far as I can see, because they can also provide profit to anyone who believes and sees potential in the market in the field of cryptocurrency.
It seems that fiat is like a different currency, but it is the same digital currency that can be exchanged for fiat.

     But that is not the important thing because the bottom line is the only reason why many community investors enter the field of cryptocurrency, and that is to
grow the capital of each investor.

Other than Bitcoin everything else is called altcoins, which means alternate coins. meme coins use altcoins like Ethereum or Solana blockchain which is why they too fall under the category of altcoins. Another thing is that ordinals and brd20 token standards also are altcoins as they do not use Bitcoin's main network. So, you can say any cryptocurrency that is not using the Bitcoin network is an altcoin.


Title: Re: Are memecoins also classified as Altcoins?
Post by: mdzahed134 on March 22, 2024, 08:59:32 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

Yeah, meme coins are also altcoins that's correct because those coins are created following some big altcoins as like now Solana network based coins are going trendy,
but you will never consider altcoins are meme coins, because we will compare meme coins and altcoins between their real use cases or real value, meme coins have no real use cases and products that's why those are meme coins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Yatsan on March 22, 2024, 03:10:41 PM
Technically, yes. Altcoins stand for alternative coins to Bitcoin which makes the statement valid. Memecoins just differ from many altcoins for having no utility or specific burning mechanism or usage. But things are the same, meme tokens are still cryptocurrencies running on different chains. What covers Bitcoin and altcoins are simply ceyptocurrency and it is subdivided by categories of decentralized and centralized cryptos. Centralized are those which are mosty having stable market prices but not totally. Decentralized are the opposite but what makes it different is the word 'decentralization'.
It may be really luck that you can get rich from memecoin because almost memecoin can't move in value for long time. Lots of scam memecoins are entering the market so fill your bag of experience to pick the best one. Almost everyone has memecoin holdings and I already have two memecoins secured that I picked for long time. However, pick the best memecoins from cmc who have managed to enter the major exchange markets and whose development activities are truly commendable.
Well, most of the memecoins are just having low market volume but that does't validate scam accusation unless rugpull is evident with those projects. As we all know, their market prices are only dependent with hype alone and nothing contributes to demand unlike with other altcoins having utilities and burning mechanisms which supports demand, ofcourse.


Title: Re: Are memecoins also classified as Altcoins?
Post by: |MINER| on March 22, 2024, 03:49:29 PM
The performance of meme coin was quite good for a few days.But we can't compare meme coin with alt coin. Because alt coin is an alternative coin. Means alternative coin of BTC. Meme coin may do well in the market for a while. But the season of alt coin will also start and its price will increase. Which has already started.The price of Ethereum is sky high now.And every meme coin is an alt coin so there is nothing to compare here.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Supianto on March 22, 2024, 03:53:38 PM
Of course they are, everything that's not a Bitcoin is an altcoins. It's just a sub-classification.


Title: Re: Are memecoins also classified as Altcoins?
Post by: LogitechMouse on March 22, 2024, 04:34:04 PM
~
Are Altcoins really memecoins and why did you think so?
I will quote the definition of meme coins base on Investopedia (https://www.investopedia.com/meme-coin-6750312):
Quote
"Meme coin" is a term used to refer to cryptocurrencies named after characters, individuals, animals, artwork, or anything else that can be mimicked.
~
Most meme coins are purely trading instruments, unlike Ethereum and other utility currencies tied to specific blockchain features. Major cryptocurrencies such as Bitcoin, Ethereum, USD Coin, XRP, Cardano, Solana, Polygon, and Polkadot are generally not considered meme coins.
I guess that definition that I quoted answers your question. Ethereum isn't named after animals, artwork or whatever, and so does the other altcoins. Now to answer your question, yes meme coins are considered as altcoins, but altcoins can't be considered as meme coins because at first place, meme coins are just created for fun.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Essential10 on March 22, 2024, 05:58:35 PM
Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

As far as I know Altcoin was created after Bitcoin and works using their own unique blockchain technology. Some well known examples of Altcoins are Ethereum, Litecoin, Ripple, Solana. Meanwhile, examples of meme coins include Dogecoin, ShibaInu. All coins except Bitcoin are called altcoins. In short, altcoins act as an alternative to Bitcoin, while meme coins are more lightweight, speculative and made for entertainment. I don't want to confuse alt coins and meme coins by making the difference I can only say that meme coins are cheaper than alt coins.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Captain Corporate on March 22, 2024, 06:35:22 PM
Technically speaking "alt" coin is derived from alternative coin, what is it alternative to? To bitcoin. Which means that any coin that is not bitcoin is an altcoin. So yeah, in general they are all altcoins. However, there is logic to remember that not all of them are coins, most of them are tokens, what are tokens? When a project has its own blockchain, its a coin, when it doesn't have a blockchain but based on another coins blockchain, then it is a token. So you could say that they are altcoins in the dictionary meaning of the world, but they are not coins at all, they are tokens. These differences are very important when you are investing into something, could be very important.


Title: Re: Are memecoins also classified as Altcoins?
Post by: evichi on March 22, 2024, 06:40:12 PM
Simply put, Bitcoin is the original, any other coin is an alternative to Bitcoin including meme coins. The main first digital cryptographically built coin is Bitcoin. Interestingly, Bitcoin has maintained outstanding qualities since its design. It has remained unbeatable as depicted on the Coinmarketcap. In this forum, any other coin is simply alternative coins including Ethereum, BNB, USDT, etc. So, meme coins, just like any coin that is not Bitcoin are referred to as alternative coins (Altcoins).


Title: Re: Are memecoins also classified as Altcoins?
Post by: Makus on March 22, 2024, 07:09:51 PM
Op, with the amount of posts you have made here in this forum should be enough reason to prove that you have read, learnt and share the knowledge you got from reading. But the question you asked is just showing to me that you have been in this forum for just making shitpost and not acquiring the knowledge that the forum serves.

Bitcoin is the first coin that was created and every other coin that was created thereafter are just bunch of altcoins which stands for alternative coins. So every other category of coin are altcoins even those created by exchanges.


Title: Re: Are memecoins also classified as Altcoins?
Post by: justdimin on March 24, 2024, 06:21:53 AM
It may be really luck that you can get rich from memecoin because almost memecoin can't move in value for long time. Lots of scam memecoins are entering the market so fill your bag of experience to pick the best one. Almost everyone has memecoin holdings and I already have two memecoins secured that I picked for long time. However, pick the best memecoins from cmc who have managed to enter the major exchange markets and whose development activities are truly commendable.
Luck is the most important part. You do not need luck to profit from bitcoin, you also do not need luck to profit from ethereum, or a dozen other coins. However, if you want to make a profit from meme projects which almost all of them are a tokens, then you will need luck.

I am sorry, but ı rather not require luck to make a profit and I would rather invest into something that would make sense. I get that it is going to be a bit tough, and I get that it is going to be a little difficult to handle, but at the end of the day we should be looking for something that will take it to a place that's fine. I know that it is going to be a bit crazy, and it is not that easy to make that profit, but be cool about it and you will be fine.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Silberman on March 24, 2024, 06:26:36 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

You are too green OP, any coin that is not bitcoin is considered to be an altcoin, however there are some altcoins that are worth of your investment and others that are not, and often we distinguished them by calling those that are not worth your investment as shitcoins, and all meme coins fall into that definition, even the ones that have obtained success over the years like dogecoin are still considered to be a shitcoin, because there is no innovation behind the coin and it is a low effort attempt by the devs behind it to make money with it.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Y3shot on March 24, 2024, 07:35:16 AM
Memecoin are classified to be altcoins, every other coins apart from bitcoin are claimed under altcoins. All this coins classified under altcoins they have things in common. Memecoins are not under own, they still belong to altcoins.  All the coins are not reliable and they are also known as copy cat coin because they are just trying to be like Bitcoin but some of them don't have good value in the market.


Title: Re: Are memecoins also classified as Altcoins?
Post by: mich on March 24, 2024, 07:46:20 AM
Well yes because there is only 1 other coin that is not a alt coin. And that is Bitcoin.

For me there is 3 different types of coins, that is Bitcoin, Alt coins, and Stable coins. But I do think it is wise idea to keep some meme coins in your crypto portfolio too.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Hispo on March 24, 2024, 12:50:09 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


I believe it highly depends whom you ask, in my opinion. During much time I had been the kind of person who would have classified memecoins as also being alternative coins or alternative currencies within this community and ecosystem. Though, after thinking over it for some time, I have come to the conclusion that memecoins could also be classified in their exclusive category from alternative currencies, here is why:
Alternative currencies are called that way, because they since their conceptions were supposed to be an ALTERNATIVE to Bitcoin and the disadvantages many people viewed on it, like the time of blocks, the mining consumption and the high fees. Hence, Currencies like Litecoin, Ethereum, and Monero were created.
The main difference with memecoins is that these do not seek to be an alternative to Bitcoin, they are just there for the sake of speculation and memes/fun. They do not actually seek to replace or enhance the features Bitcoin has and could not care less on the competition Bitcoin represents.

So keeping that in mind, we could say we would be talking about a different category.


Title: Re: Are memecoins also classified as Altcoins?
Post by: Churchillvv on March 24, 2024, 01:11:46 PM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?


'Alt' was a way to capture everything that's not Bitcoin into 1 cesspool.  Not much discussion needed:

Not your keys = not your Bitcoin
Not Bitcoin = alt

Easy.
perhaps you're very correct, just the way every industry has there own terminologies for communication so we have here in the bitcoin community hence altcoin is a word coined to describe coins that exist in the space that are not bitcoin. Altcoin is absolutely any coin/ token that is not believing but has same type of attribute that bitcoin possesses, which is equally being a digital money.

Memecoins too are altcoins because they aren't bitcoin.