coin memes don't have a project? Is it worth buying for the long term?

[sulendra12]

Are meme coin worth buying in the long term?

No. Just imagine an asset that needs a hype to actually do something and what would you do if those meme coins that you hold don't really get any recognition and no one hypes for it, the coins would be stay like that and do nothing. I don't want to hold an asset that only rely on hypes, there is no fun about that.

What is your reason for buying meme coin?

It's okay if you know when to stop during release days especially if it's the most viral one, you could grab decent profit if you quick enough to dip out after making an investment. But high reward comes with high risk.

[StreakW]

nope, meme coins can not worthy investment in terms of long term, short term it can be profitable, i'm trading doge,pepe and shiba for short term, getting a little profit.
there are other no reason to buy it, if these are not real project so those can not run in long term, i don't recommended to buy for long term.

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

[irhact]

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

Memecoins aren't supposed to be bought for long term investing, they're controlled by hype from celebrity and other public figures in the cryptocurrency market. Dogecoin was hyped by Elon musk and without him, dogecoin won't have rise in price. Dogecoin also went up in price recently and it was due to the influence of twitter which is owned by Elon musk. When we're investing in memecoins, we should be taking profits when they come as we don't know how long the coins will remain hyped.

The only time I think we can hold memecoins is when we got in very early therefore we are always in profits regardless of how the market crashes. Those set of investors that bought dogecoin when it was still trading very low can hold as they don't have anything to lose unless dogecoin falls to zero and by then they would have made alot of profits from selling some of the dogecoin they bought very early.

[AnonBitCoiner]

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

Meme coins are profitable but not all of them because some of them provide profit while most of them fail to go into pumping phase. You can take profit from meme coins if you take profit on time and accept the little benefit whenever it gives you as desire for more will cause your hold coin to dump.

Meme coins does not remains at higher worth always like that of other altcoins therefore people rarely trust meme coins and another reason is that most of the meme coins disappear which reduced the desire of people towards meme coins. Now again you can see that people are accepting meme coins due to coming Bull season and after the success of some meme coins which create a positive layer for another meme coins.

[trendcoin]

nope, meme coins can not worthy investment in terms of long term, short term it can be profitable, i'm trading doge,pepe and shiba for short term, getting a little profit.
there are other no reason to buy it, if these are not real project so those can not run in long term, i don't recommended to buy for long term.

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

In normal life, no one would invest in an asset that has no purpose and is priced with purely speculative discourses, but in the cryptocurrency world, we can witness extraordinary events. I haven't come across any statistics so far, but I am sure that the people who lost their money in memecoins are much more than those who made money. For this reason, I don't see memecoins as something worth buying and I agree with your comment. Instead of looking for adventure in this market, we should invest our money in the right places.

[niall51]

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
 Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

in the long term, in my opinion, it's not worth it, but to get 2-3x profits in a short time, it might be worth it, but remember, memecoin is very risky, it can make your money 1000x, but it can also make you lose all the money you have, be wise in invest, do your own research, don't be fomo about what's on the internet, people prefer altcoins to memecoins