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Author Topic: Is it true that Bitcoin and Ethereum have a dependency with Meme Coin or vice ve  (Read 258 times)
mumang siat (OP)
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July 29, 2021, 03:04:16 PM
 #1

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!
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July 29, 2021, 03:41:46 PM
 #2

Any meme coin except "DOGE" they're not following BTC/Ethereum.

They have their own fundamental coins, mostly not following crypto market movement. You want to see meme coin in next 15 years? oh mate, that's is not gonna to happen even not need 15 years with only few weeks or maybe under a weeks after they launch trading the token is gonna died. The reason is simple, because meme token is designed without any use-case.

That's why they're using based fundamental speculation not really following crypto price market.

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July 29, 2021, 04:33:34 PM
 #3

... However, I personally can not understand this ?
How is it hard to understand? They are riding on the back of pioneer coins that laid the ground for them. BTC is the king of crypto while Ethereum popularized smart contracts where a lot of meme tokens are built. Sometimes they ignore their predecessors during hype phase but they will come back once that's over.

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July 29, 2021, 04:39:46 PM
 #4

It is the meme coins that are dependable to bitcoin. So if bitcoin goes up then meme coins are also about to go up and vice versa.

But if meme coins goes up or down, bitcoin doesn't care at all and there's no affection that's happening if it's the meme coins that are being talked as influential than bitcoin.

And for the next 10 years, I guess there will only be few meme coins by that time or no more.

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July 29, 2021, 07:04:05 PM
 #5

Don't need to wait for a decade to get that result of memecoin as those coins are just pumping because of trend and nothing else. Also, just wait for the actual bear market and everyone will see the result as those memecoins will be vanished just thanos did a snap to vanish 50% people in avengers.  Grin  Grin Moreover, trend/hype doesn’t stay long in crypto market.  Wink

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July 29, 2021, 07:11:54 PM
 #6

I think there will be no meme coin in the crypto world after 10 years. The meme coins don't follow Bitcoin and Ethereum only Doge and Shiba Inu follow Bitcoin. Memecoins increase because of the shilling of influencers like Elon Musk and others. I think we should forget about meme coins because they are manipulators of crypto market there is no any benefit of these coins.

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July 29, 2021, 07:16:38 PM
 #7

Everything follows bitcoin, when bitcoin pumps everything pumps, when bitcoin dumps everything dumps. Bitcoin is the daddy & everything else is at its mercy.

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July 29, 2021, 07:24:53 PM
 #8

~
It is actually reversed. These meme coins tend to follow Bitcoin price movement most of the time, OP aside from the hypes it get from some random popular people in the internet.
The influence is somehow random.
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July 29, 2021, 07:29:46 PM
 #9

-snip-
Nope!

That's for a major coin/token with a huge volume of trading! @OP asking about "Meme token" like joke token, there is no relation meme token with "Bitcoin/ETH". Non-major tokens will be always based fundamentals, how they increase is simple from "Shiling", the owner/team project will pay influencers to shill their token and then the price pump a lot & dump instantly after than continue dump and the end the price is flat without volume everyone got scam/rugpull

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July 30, 2021, 04:42:50 AM
 #10

[quote author=ryzaadit

They have their own fundamental coins, mostly not following crypto market movement. You want to see meme coin in next 15 years? oh mate, that's is not gonna to happen even not need 15 years with only few weeks or maybe under a weeks after they launch trading the token is gonna died. The reason is simple, because meme token is designed without any use-case.

That's why they're using based fundamental speculation not really following crypto price market.
[/quote]

I also think that way, but in some posts, it actually convinces people of their analysis, is there no warning if this kind of analysis is not misleading to many people, I believe their pattern is just chasing posts.
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July 30, 2021, 06:06:28 AM
 #11

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!

 All altcoins follow Bitcoins global trends. It happens because if people see that BTC is falling and a bear market is possible, they get rid of altcoins first, as they are more risky. So we often observe that when there is a severe crash of BTC, all other coins also crash.
And vice versa, if people see a big bull run and hear a lot of stories about how people become rich, they also want to invest, but Bitcoin is on highs already, so they look for something cheap.
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July 30, 2021, 06:39:23 AM
 #12

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?


It was not more than just a hype in spring that will definitely end one day, so it is like a lottery to invest in meme coins. If it is promoted by somebody authoritative like Elon Musk, they will be pumped, but they are very unpredictable. They don’t carry any real utility for the market and this is an actual problem. So I stick to the strategy of investing in fundamental currencies that have a future.

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July 30, 2021, 06:53:08 AM
 #13

~but in some posts, it actually convinces people of their analysis, is there no warning if this kind of analysis is not misleading to many people,~
What makes it difficult for me to understand is that there are many references based on people's analysis not the results of studies, strangely they try to convince in various ways.~
Because that is the way how shitcoins gather attention, they paid people to shill their project because they don't have any use case that makes people bat an eye to the project in the first place.

They also might do it in various, I might suppose it is just like a scam project. Since it's a self-centred project, the owner/initiator of the project will do anythings to lure investors for their own benefit.
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July 30, 2021, 07:26:49 AM
 #14

It's really really wrong dude. The major coin never depend with the shit or garbage coins called meme coins otherwise meme coins totally depend with the major coins but it's not always like that.
This garbage meme coins were being pump and dump coin. I rarely seen the meme coins that were following bitcoin.
The meme coins can be pumped and dumped by the whales and this is not having relationship with fundemantal of major coins.
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July 30, 2021, 11:05:39 AM
 #15

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

IMHO, I believe the crypto industry ten years from now is quite different, and if the regulatory trend will continue beyond I'm sure in the span of ten years from now, the crypto industry is mostly regulated, and the potential of Bitcoin and Ethereum was still unmatched I believe both coins are always a market leader, I have no doubt about it.

About the meme coins,(joke coins/token) potentials ten years from now, IMO, I believe it was very uncertain because those coins/tokens have no real use-case at all, most are just pump and dump instruments so what can we expect from those, Anyway, let us consider Dogecoin because Elon Musk has a big plan with it and maybe it will use for something that can create a huge demand in the future. so let's wait and see if the future will favor Dogecoin.
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July 30, 2021, 02:05:13 PM
 #16

How can you think like that? Bitcoin as the major crypto and it's mother of crypto will never depent to the meme coin. It doesn't have dependency to the shitcoin. Shitcoin is just shitcoin and it's controlled by the whales.
It's not true and if you are hearing this from others and that's just a rumour dude. You should never believe it.

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July 30, 2021, 02:33:23 PM
 #17

Unlike BTC as payment and ETH as dapps platform, meme coins have no real world potential except to be used as pump and dump scheme. If about price correlation, I think only Dogecoin has some correlation with BTC & ETH just like @ryzadit said.

You can say BTC & ETH is a real coin for adults, and meme coins are just like a toy for kids.

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July 30, 2021, 03:25:12 PM
 #18

Unlike BTC as payment and ETH as dapps platform, meme coins have no real world potential except to be used as pump and dump scheme. If about price correlation, I think only Dogecoin has some correlation with BTC & ETH just like @ryzadit said.

You can say BTC & ETH is a real coin for adults, and meme coins are just like a toy for kids.

I think you have done a good observation about dogecoin,  After it pump to around 0.72$, it dropped just as bitcoin did and now rising back again unlike meme coins that would dry up after a pump. it may be considered a meme but it has queued up with the big projects corrections like bitcoin and etheruem.

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July 30, 2021, 05:07:11 PM
 #19

Maybe the price of Ethereum and Bitcoin would be 50K and 300K respectively and meme coins will no longer exist in 10 years. As we all know that crypto market is increasing day by day. The Ethereum was of 400$ in November 2020 and now it is at 2350$ and Bitcoin was approximate 14000$ now it is 39000$. They have 6x and 2x respectively. So it shows that market is always increasing.
I think meme coins do not depend on Bitcoin and Ethereum except Dogecoin.

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July 30, 2021, 05:15:12 PM
 #20

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!

To imagine Bitcoin and Ethereum 10 years in the future, you can look at their process 10 years back, meaning that the influence of these two coins is still almost the same as now, because the process of 10 years back these two coins have gone through periods of improvement.

You should not be fooled by people's posts, whatever is conveyed is their right. However, you need to analyze for yourself what is conveyed, how can you easily trust other people's posts, have you not been here for a long time.

Meme coins cannot be associated with Bitcoin and Ethereum, they work independently, if you are not very familiar with this coin, just go to the original Bitcoin and Ethereum link, there you can see for yourself how they work, so you can understand this coin better. correct.

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