FINU (Fire Inu)

[MaticManiac]

What is going to happen with all these Inu coins? Shiba Inu, Fire Inu, Kishu Inu.... They keep popping up out of no where.... I guess Fire Inu is supposed to rally, but I have no idea when or why... regardless does anyone know why these coins keep popping up? And, next question: Can crypto currencies "MERGE"?

[noorman0]

The shittoken business seems promising these days as a trapping tool, that's why the developers are creating a brand as closely as possible to other similar hype shittokens with the intention of grabbing the attention of newbies, lucky seekers or FOMOs.

-snip-
And, next question: Can crypto currencies "MERGE"?

Even if they are actually from the same company (unknown to the public), it will not be done for the reasons above. Also, the more shittokens launched, the more hype opportunities.

[MaticManiac]

So what would be the downside to organizing some hype on these shit coins, as long as everyone was known to the hype, you make a great point. How can you pull it off? Fire Inu and Kichu Inu are cheap and could be good ones?

[slaman29]

What is going to happen with all these Inu coins? Shiba Inu, Fire Inu, Kishu Inu.... They keep popping up out of no where.... I guess Fire Inu is supposed to rally, but I have no idea when or why... regardless does anyone know why these coins keep popping up? And, next question: Can crypto currencies "MERGE"?

First of all, wrong forum subsection. Second of all, we're talking about memecoins. Can be made in 5 seconds. Can be duplicated and replicated x100 in the next 5 seconds with random names. Therefore, no value. Don't fall for all their claims of:
- scarcity. It's not scarce if it's created out of the blue.
- fair distribution, giving away half to random guys. It's not fair distribution, it's centralized whale building.

Greed. This is the reason. Stop supporting it.

[Lakai01]

Greed. This is the reason. Stop supporting it.

Exact. These coins pop up out of nowhere because there are simply enough people (especially newbies) who hope to make a quick buck. The coins live solely from market manipulation and hype (e.g. are pushed by the owner to then be able to say, "look, you'll get rich with this"). As soon as enough people have actually jumped on, the owner simply sells his coins and leaves behind a huge pile of bruised (young) investors.

By the way, you don't even need to invent a new coin for this, it didn't happen any differently with Doge.

[slaman29]

Greed. This is the reason. Stop supporting it.

Exact. These coins pop up out of nowhere because there are simply enough people (especially newbies) who hope to make a quick buck. The coins live solely from market manipulation and hype (e.g. are pushed by the owner to then be able to say, "look, you'll get rich with this"). As soon as enough people have actually jumped on, the owner simply sells his coins and leaves behind a huge pile of bruised (young) investors.

By the way, you don't even need to invent a new coin for this, it didn't happen any differently with Doge.

And yes, in the end, the ones who get hurt probably deserve it, but then the ones who profit go on to make bigger things, and bigger scams, longer cons, and even make legitimate businesses to fund the cons. Making it really no different from regular finance and regular capitalism.

Everyone is free to do their own things for sure but if we continue to idolize these guys, then the mainstream sees only that and it does hurt the positive aspects by making them invisible.

[Lakai01]

-snip-
Everyone is free to do their own things for sure but if we continue to idolize these guys, then the mainstream sees only that and it does hurt the positive aspects by making them invisible.

The problem that arises from these manipulations (hypes, ...) is that people are deprived of their money. As a result, regulators become active (financial market supervisory authorities, ...) who feel the urgent need to protect these people -> this requires regulations that are ultimately detrimental to the entire market (KYC obligations, ...).

So such projects and personalities, who hype fun projects senselessly, not only harm the people they take money out of their pockets, but all people in the crypto environment.

[slaman29]

-snip-
Everyone is free to do their own things for sure but if we continue to idolize these guys, then the mainstream sees only that and it does hurt the positive aspects by making them invisible.

The problem that arises from these manipulations (hypes, ...) is that people are deprived of their money. As a result, regulators become active (financial market supervisory authorities, ...) who feel the urgent need to protect these people -> this requires regulations that are ultimately detrimental to the entire market (KYC obligations, ...).

So such projects and personalities, who hype fun projects senselessly, not only harm the people they take money out of their pockets, but all people in the crypto environment.

Deprivation of money, yes. Although people have to understand that in crypto, to get independent money and "freedom" that is promised by crypto, they also have to take more responsibility for themselves. And maybe everyone needs to get bitten once or twice to truly learn that lesson. Sadly, many people ignore the "invest what you can afford to lose" advice and it's difficult to climb out of holes.

And then they turn to authorities to try get their money back, which leads to regulator interest as you say.

And again I say this is why we do have to push to educate and to support projects that actually do want to continue develop and grow the ideals of blockchain and crypto, and not just focus on profit and hype and money. But every time we RT a meme, and laugh and say wow and give these memecoins and hypecoins space and time, we harm ourselves too:)

Anyway. The best we can do is to talk well about Bitcoin and to DO well. We always say hodl but we also forget to say USE:)

[Lakai01]

And maybe everyone needs to get bitten once or twice to truly learn that lesson. Sadly, many people ignore the "invest what you can afford to lose" advice and it's difficult to climb out of holes.
-snip-

I think many of us need to have negative experiences first to understand that "the fast buck" just doesn't exist. It was the same for me back in 2017, I relied a lot on the predictions of "Crypto Influencer" and lost a total of 0.2 BTC.

Nowadays I know that especially in trading you should never rely on others and always make your own decisions, so I learned a lot about myself, the crypto space in general and of course about trading. So now in retrospect it was a great investment

[harizen]

What is going to happen with all these Inu coins? Shiba Inu, Fire Inu, Kishu Inu.... They keep popping up out of no where.... I guess Fire Inu is supposed to rally, but I have no idea when or why... regardless does anyone know why these coins keep popping up? And, next question: Can crypto currencies "MERGE"?

As usual, if you want to take a ride because of the hype, then disregard the token itself since all you need to do is to take profits, "if possible". However, do following these tokens can really give you a good run? There is even no good technology behind most of these tokens and their market value is just pure hype I believed.

Now, what to do? Try to enhanced your DYOR, not with the coin's technology as it doesn't have a bearing, but how their price will behave in the market. Only, if you really want to test the waters there.

[noorman0]

So what would be the downside to organizing some hype on these shit coins, as long as everyone was known to the hype, you make a great point.

Launching this kind of token will cause losses to some parties especially holders until the hype ends. What is clear, because they (the founders) are the masterminds, it is clear that the losses are not theirs.

How can you pull it off? Fire Inu and Kichu Inu are cheap and could be good ones?

When you say "token x is still cheap and probably good", you are unconsciously in their circle. But sorry, they won't even be on my portfolio plan.

[$crypto$]

No wonder there will be more and more obscure coins duplicating more to create hype for developers of course wanting more profit to make so I think all will be popping up more with the presales they make on various DEX exchanges, as long as meme coins are still in high demand So I thought there would be more and more, I never bought and suggested it because it's too rugpull prone.

A new meme coin with a lot of NFT out because it's still the same situation so obviously this just wants the hype to keep going so a lot of people will come here.

[Bitstar_coin]

And the copy cat keeps going, it is very clear what projects like this indicate, very short term-quick profit-moneygrab type of project should not be rely on, people should be mindful with all this INU and MOON project because they only aim for short term hype, very high risk.   

[20kevin20]

One starts the trend, the sheep follow. Since this year's DOGE craze, everyone went nuts.. literally. It's like they are so desperate there's no more common sense.

All these shitcoins are pure crap and nonsense. Besides seasonal pumps that are not guaranteed, there isn't much to see or care about. These coins are alive only 1 month out of 2 years, at most. Nothing can promise you a fortune with no investment, this is yet another "get rich quick" scheme that won't work.