Is this a bad time for altcoins?

[blockman]

That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend

They don't anymore. They've fly faster than any other coins a few months ago because it is the trend but as you can see, the market is no longer the same and all of those meme coins got their fair share and started to drop in value and that's why many of those meme coins are no longer the eye-catcher of many investors and they've come to understand that there's more security if they're going to invest to bitcoin instead of those meme coins.

[Luqman]

This is the power of hype and FOMO of meme coins, they're shitcoins. However, let's see how long they will survive in the crypto market. We know that today, many meme coins appear and they are very popular because of Doge hyped by Elon Musk. But I tell you, never invest in meme coins for the long term, This may be good for the short term or trading, don't forget t set your stop loss and also take profits if you have a certain target. Never be greedy and be careful with this kind of coin or tokens because it is very risky. And you may be at risk of losing your money because they're going to be shitcoins

[Shasha80]

This is the power of hype and FOMO of meme coins, they're shitcoins. However, let's see how long they will survive in the crypto market. We know that today, many meme coins appear and they are very popular because of Doge hyped by Elon Musk. But I tell you, never invest in meme coins for the long term, This may be good for the short term or trading, don't forget t set your stop loss and also take profits if you have a certain target. Never be greedy and be careful with this kind of coin or tokens because it is very risky. And you may be at risk of losing your money because they're going to be shitcoins

Actually now is not a bad time for altcoins, the most important thing is to be able to choose the right altcoins for investment. And with the current
hype meme coins, we can indeed join in to get profit. But it is very risky if we make the wrong decision, because meme coins should only be for
short-term investments. If we have made a profit, we must immediately get out of the market. Because meme coins are shitcoins, so it is
not recommended to hold meme coins for too long. To be more secure, we must use the stop-loss feature to anticipate the price of meme coins
suddenly falling.

[Kena Banned]

This is the power of hype and FOMO of meme coins, they're shitcoins. However, let's see how long they will survive in the crypto market. We know that today, many meme coins appear and they are very popular because of Doge hyped by Elon Musk. But I tell you, never invest in meme coins for the long term, This may be good for the short term or trading, don't forget t set your stop loss and also take profits if you have a certain target. Never be greedy and be careful with this kind of coin or tokens because it is very risky. And you may be at risk of losing your money because they're going to be shitcoins

Its true, also, its because many of them are small cap coins, so its easy to manipulate by some small whales.
Agree, invest on such of that projects very risky, but scalping them for a small profit and fun its just ok, but for a good purpose dont show off them, it will just mislead another people to follow you.

[Rengga Jati]

Its true, also, its because many of them are small cap coins, so its easy to manipulate by some small whales.
Agree, invest on such of that projects very risky, but scalping them for a small profit and fun its just ok, but for a good purpose dont show off them, it will just mislead another people to follow you.

Yeah, many new meme coins are here existing and unfortunately, many newbies are trapped into it. They are here because of the HYPE and they lose their money much because of only following the hype, not know how to trade that kind of altcoins.
I am sure that most newbies will be very interested in meme coins because they only follow some influencers. And of course, they may not do it based on analysis and sometimes they don't know the basics of cryptocurrency. So pity.

I also agree that we can utilize meme coins for short trading, but of course, we must also analyze which meme coins. I personally like to trade it in top exchange like Binance or even in the first top exchange listing because sometimes, the price will jump up so hihg. But very carefully, we must watch the movement of the market chart every time because it may be changing so drastically only in a few moments. Never sleepy when trading this kind of coin or our money will be lost 

But please once more, be careful, this is very risky, ensure that you are ready with the risks of losing money. It is once again, better to invest in top coins although they are likely hard to increase. Those that have strong fundamentals will be worthier in the future.

[tokoorochan]

That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend

its already ended meme coins, doge or shiba price could not explode anymore like previous situation. investors now trying to find another trend that possible to explode anymor. in crypto market actually easy to understand about market cycle, just follow the trend that going on and we will gain profit, no matter that shitcoin or not.

[Viscore]

[quote author=Tellek Garing link=topic=5343707.msg57255281#msg57255281 date=162396323
That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend

Projects that have good marketing these days even if they don't show good developments are still gaining interest from investors and they see more potentials in it to grow their value in the future.

However, meme coins are also trending nowadays and it all started with doge coin hype. The market can be easily hyped even with a single tweet from a millionaire and things just got lucky for meme coins right now. But i think they won't last for long since they got no value and utility case in the real sense. They will just end up shitcoins at the end of the day.

[CaVO32]

[quote author=Tellek Garing link=topic=5343707.msg57255281#msg57255281 date=162396323
That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend

Projects that have good marketing these days even if they don't show good developments are still gaining interest from investors and they see more potentials in it to grow their value in the future.

However, meme coins are also trending nowadays and it all started with doge coin hype. The market can be easily hyped even with a single tweet from a millionaire and things just got lucky for meme coins right now. But i think they won't last for long since they got no value and utility case in the real sense. They will just end up shitcoins at the end of the day.

Sometimes it is really how the team behind markets their project. Some can attract the interest of the community even if there is crappy foundation just like many meme coins now. But in time, you will see which coins will be standing and surviving. Those with real use case and active users. Most of these meme coins will die down very soon. Their lifespan is very short. You will see valuable alts if they can sustain the market for years and still keep on developing to innovate their platform.

[KennyR]

Not really, as per my learning about the market it is right time to make investment on some good altcoins on the market. Particularly the top order altcoins and the one with good potential at low prices. In the name of dogekiller more altcoins are into the market. Those can be used for short term profiting, but those coins are copycats which support profit making. Make use of it and leave at the right time. Right now a capital investment of $1000 on certain altcoins will turn atleast $50000 by 2025. So for long term hodling this time can be used.

[southerngentuk]

I don't see that as a problem in this space, even if it's legitimate projects, if they don't bring a lot of meaning to users, it will be difficult for people to support.
And conversely, the current meme coins have hit the market trend and received fomo, and it has brought profits to many people to lead to those projects having the current results.

[apityeh71]

Actually mostly all altcoin is been rally in this bull market, but some altcoin made higher gainer than others, because of promotion by famous influencer. Statement of Influencer is effected the price. If Elon musk did not promoted DOGE, im sure DOGE can not reached this high price. I think we need another influencer to promote crypto to trigger this market return to bullish again.

[jjdub7]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Because the price of the coins is determined by the demand, and most people do not bother to make a research what is behind most projects (perhaps because there are a large number of people who do not even understand and have no idea what blockchain technology is), but simply embark on a blind investment in the hope of making quick money. And because there is a lot more noise around these meme coins, they decide that these are good coins to invest.

[feelideb]

The majority of investing public and some people in crypto may think this is a bad time to invest in altcoin. But if you look closely, you will see that this is a moment of rare opportunity to get into very valuable and progressive coin at a good price! I personally have been expecting these low prices! I initial felt the bull market will not come early this year until later but I was wrong. Now , this is an opportunity to get in before another bull run in cryptocurrency market!

[danherbias07]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Because the price of the coins is determined by the demand, and most people do not bother to make a research what is behind most projects (perhaps because there are a large number of people who do not even understand and have no idea what blockchain technology is), but simply embark on a blind investment in the hope of making quick money. And because there is a lot more noise around these meme coins, they decide that these are good coins to invest.

I agree. There is still a higher population out there who doesn't have knowledge about what blockchain is or if it's a good project or not.
What they just rely with is those superstars in Twitter telling things they also don't know about.
Let's start with Elon Musk. Do we really have to believe he invested blindly with Bitcoin not knowing what it's background is?
Then, he will just swallow everything he said and tweet about Dogecoin being more green than Bitcoin. I doubt that.
Tons of people believed what he said but thanks to his ignorance or lies there are also tons of his followers that will now start researching what they will invest with.

[RealMalatesta]

The developers can promote the coin and it all depends upon how the investors are attracted and whether they wanted to invest in them, it is true that there are many good projects that are not getting the desired attention and investment while some of the meme coins are flying and it is because of some influential people boost them and shilling for them and that is the only reason meme coins like Doge and others are flying high and people think that they can make a profit with them.

That is exactly the problem and that is what we are living right now. There are tons of "made up" coins (not like all others were organically grown in farms lol) whose only point is to make money to project owners, I have seen too many places end up working for money, and they just create the token and make the profit and do not care about it at all afterwards.

I am not saying it is all a scam but I think there are way too many of them. All of that money could have gone to top 10 coins and would help a lot more, instead it goes to pockets of the project owners and that is the biggest trouble. I do not know what to do or what to say about this but at the end of the day as long as people keep falling for the same scam over and over again then there is nothing anyone can do to change this. Which is why I think it is quite obvious that we are not going to see a change neither because people are not stopping at all, and they do not look like they will neither.

[lixer]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

There are still a lot of good coins that are doing very well more than the meme coins you’re talking about.
And I do know that there are also some meme coins that are doing good when they are not supposed to.

But, I think that the reason why it seems like meme coins are like a trend this year is because of what we have seen happening this year. Dogecoin was doing well and that has made a lot of people to think that every meme coin they see in the market has a potential to grow. There is no need to talk about how it all started because I think everyone knows about it.

[elisabetheva]

The majority of investing public and some people in crypto may think this is a bad time to invest in altcoin. But if you look closely, you will see that this is a moment of rare opportunity to get into very valuable and progressive coin at a good price! I personally have been expecting these low prices! I initial felt the bull market will not come early this year until later but I was wrong. Now , this is an opportunity to get in before another bull run in cryptocurrency market!

It is only natural that there are excessive doubts experienced by many people because they do not think that currently everything is in a red situation and the correction is very deep. make them also doubt and fear what will happen next.

but actually if you look at this month everything is going well, bitcoin is in a stable situation so that it has an impact on altcoins as well. so there should be no doubt that altcoins will go down again. So it's time to buy potential altcoins to hold so that when time increases you can make a profit.

[Darktongue]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Shitty coins are flying because this is a bullrun market. Better you believe it and take profit from this bullrun market. Now you shouldn't choose any altcoins that you will hold for a long time. Now it's pretty shit time to choose good altcoins from all of the new altcoins. You will see some new shit altcoins will pump when listed in a normal exchange, so don't take all the opportunities.

[Handsome Boy]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

meme coin is only increasing at this time and after its popularity is gone, then of course meme coin price will fall, but coin that has a good and real project, then of course the price will continue to increase slowly and will give you a lot of profit in the future, therefore you don't need to be afraid if you invest in coin that does have a good project, because the price will definitely increase very high.

[sapnu]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

You cannot expect altcoins to keep on doing better consistently. There will still be time where it will encounters hardships and struggles specially if bitcoin is going down. Most of the time, bitcoin's value affects altcoins good run. Also, we should consider how well the developers are doing, they might be being irresponsible. It is a good thing that some altcoins are rising right now and those who took risk on diversifying their investment on bitcoin and other altcoins. Just wait, altcoins will soon get its spotlight.