Are meme/NFT investment really worth the hype they're getting?.

[QueenVera]

Sometimes I begin to wonder how it's easy to misguide the members in this community. The rich has made so much money form their investment in crypto and other aspect of investing now they just want to have fun by playing with meme investment like Elon musk. Without understanding that, we now see that decision of theirs as an investment opportunities and go putting all our money in a joke.

The rate at such a stupidity is what make me believe, we still have a long way to go in this industry. We don't understand the rich are messing with our heads in this industry. How can someone bindly buy an Art fir such high amount all in the name of participating in NFT. We don't learn form our mistakes in this industry. Isn't it same way we had thousands but fICO in the past and they mostly scam their investors which the presale participate profited.

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future. We have to stop giving this rich bastard and scammers the room to scam us and ripoff of our money. Stop this worthless investment and Invest in the right things to secure a bright future.

[TheUltraElite]

There are people ready to misguide others, I am afraid. If people think that everyone is their friend in a market which is so prone to manipulation and unregulated that even a simple false information is enough to make it crash some thousand marks, I am afraid this will continue.

However, you can look at this in a different perspective:

There are people who are making sure they profit from the chaos. They are ones who are creating more hype behind the veil and making sure to sell their "shitcoins" to the naive newbies. They are making a lot off the false sense of profit that the newbies get. Even if hundreds of us oldies come to explain to them that they are making a mistake, they will not budge. This happens with every new trader and they will learn the lesson but at a cost.

The altcoin market runs on hype and the context of the hype only changes every few months. Rest remains the same. Before ICOs we had vaporware projects mining then came ICOs followed the the STO/IEO and other Initial Offerings. None of these are security tokens and they will all fail one day. But if the ones buying them are none the wise, then nobody can help them.

[ryzaadit]

First! the influencer or famous people doesn't give any shit about their follower.

Try to take an example from "Faze Clan" and search on youtube now they got a scandal P&D/Scamm shit token! almost getting sue or maybe "SEC" can discover what they're doing the past last month from promoting shit token to his follower and dump the token after get the token.

[WalkerIVIV]

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future. We have to stop giving this rich bastard and scammers the room to scam us and ripoff of our money. Stop this worthless investment and Invest in the right things to secure a bright future.

Investing in the crypto will always force you to deal with teh risk. You may right if people have so many options to pick the legit coin but can small fish make profit from the bitcoin right now?
They are investing in the new project as they are believing it. How much someone can earn with only $100 from invest such amount in bitcoin?
It's not all of the NFT were garbage tokens.

[anu1908]

You may right if people have so many options to pick the legit coin but can small fish make profit from the bitcoin right now?
They are investing in the new project as they are believing it. How much someone can earn with only $100 from invest such amount in bitcoin? It's not all of the NFT were garbage tokens.

you can always dca, or stake some of your money to other famous chain such as bnb, cake, etc. nft and stuff like that definitely has some purpose and value, but it is being overhyped. i do believe we will never learn from something like this, at least not in the near future. just repeat again and again (from ico, airdrop, nft, etc).

[Oasisman]

First! the influencer or famous people doesn't give any shit about their follower.

Try to take an example from "Faze Clan" and search on youtube now they got a scandal P&D/Scamm shit token! almost getting sue or maybe "SEC" can discover what they're doing the past last month from promoting shit token to his follower and dump the token after get the token.

That is so true.
Scammers will most probably use social media influencers to pool a lot of money before running away.
These NFT craze with some useless "art" sold for thousands of dollars is also caused by the hype the social media influencers has been doing.
Influencers and scammers are both getting the money.

The same goes for the NFT games that has been coming out of nowhere after the Axie Infinity big hit. YouTubers are so quick to make reviews about P2E blockchain games. They want to create a hype so they could make a huge profit once the game becomes a hit.

[dimonstration]

So before you post this, NFT and meme are not an investment material in terms of profitability. NFT are meant for collection and meme coin is just shitting investor. The main purpose of this is not fit for investment so don't invest your money on it if your focus is to gain only. You will be lucky if you buy an NFT that will in demand in future but considering how many NFT minting everyday. Its so hard to spot a real gem. As for meme coin, don't consider touching any of it. Its a pump and dump coin.

[BitKongy]

No one is misguiding anybody, if the talk is about NFT then it's no joke just make sure the NFT project is a well know or atleast well established then you will be fine, NFT isn't overhyped like DeFI projects it's something that works so well that's why they are successful.

[tomahawk9]

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future.

basic psychology and stupidity

Most people looking to make a quick buck in the cryptoworld will follow whatetever a person with enough authority like Elon Musk or any other big cryto influencer has to say about X or Y coin/nft. This is called authority bias. By doing this they (general public) don't have to bother to make their own research about the asset they want to invest in, they simply follow the influencer's advice, learn he basics and proceed to "invest" then wait for the alleged profits in the short-term which 99% of the time means losing most of your money/getting stuck holding worthless bags of cryptopoop

But, don't assume that the entire crypto community is the one falling for these traps. A big part of it has been through these type of schemes for a very long time and knows how to sniff out the obvious traps from the whales trying to manipulate the market. It's mainly the newcomers who fall for it and start injecting a bunch of capital into the market which then translates in massive spikes in the price (FOMO) and later trying to exit the market (panic selling) when the big boys decide it's time to cash out and charts are nothing but red arrows

All in all, you underestimate the power these rich bastards/influencers have and how easy it is for them to manipulate the general public during something like the ICO boom a few years ago or the NFT boom this year

[Digital_Lord]

Yes, I think so. Why people don't research themselves and just follow these richer people blindly. There are hundreds of trusted and strong projects where we can get good profit. These meme coins have always given me loss. I suggest those who are looking for shitcoins, which can give them profit. You should take a look on some trusted projects such as, FTT, MATIC, ADA, Bitcoin, Ethereum and there are many more.

[aemma]

To be sincere, people have been warned to make their own research before investing in any project but most people believes it is better to follow whatever an Influencer says thus don't bother making any sort of research while forgetting that those influencers do not care about anyone but themselves and their pockets, some are even paid in a different coin but will promote another coin to their followers. During the height of the Meme coin trend, a lot of Influencers did that, and today they have started with another, and most of their followers will still not learn, so that is just the issue, lack of research and so on.
In the case of NFT, i believe they have been around for a long time, but it is just that they started getting recognition this time around hence the pump, however I think there is more to NFT such as Gamified tokens although I stand to be corrected, but in the issue of people who are spending such amount on some NFT arts, is what I can't really figure my head around.
Lastly, if NFT and/or gamified tokens are not really worth it, I don't think Binance will launch an NFT marketplace, I just think it is another aspect of this space people are exploring and it needs a bit of time, however that doesn't mean people will not carry out their own due diligence, or understand what actually they are doing.

[Coyster]

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future. We have to stop giving this rich bastard and scammers the room to scam us and ripoff of our money. Stop this worthless investment and Invest in the right things to secure a bright future.

The problem stems from the erroneous ideology that crypto is all about "getting rich quick", these investors are aware of "lottery" coins that have given massive profits (through luck) to one or two investors in the short period, but Bitcoin on the other hand is a long term project, thus this investors do not have the patience to invest in a coin that actually has a use case and that will give ROI with time, they rather want to go for pump and dump coins and hope they get in at the right time and make profits when it pumps, but unfortunately, that's not always the case, as they most times lose their funds.

Having said that, the inability of investors to do a good research on what they intend to invest in is also a problem and a cause of mistakes people make, I'd actually not blame most of these prominent individuals, if people handle their investment matters independently, then this rich people would not have anyone to make money out of.

[Mahanton]

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future. We have to stop giving this rich bastard and scammers the room to scam us and ripoff of our money. Stop this worthless investment and Invest in the right things to secure a bright future.

For new trends then its just normal to have that kind of reaction on where the community would really  be having those impressions or thoughts on making money in short time because when its really be shilled and been hyped up then you would really expect that it would really make out some price increase since the interest would really be on the rooftop which there are people whom do really love to play with fire for them to make out some gains and this isnt a surprising kind of act and this would continue everytime there are something new that would exist or available in the market.People presume that it could really be a big thing that might
really make up some tons of profits but of course risk is always there.

[cryptoperkele]

Sometimes I begin to wonder how it's easy to misguide the members in this community. The rich has made so much money form their investment in crypto and other aspect of investing now they just want to have fun by playing with meme investment like Elon musk. Without understanding that, we now see that decision of theirs as an investment opportunities and go putting all our money in a joke.

The rate at such a stupidity is what make me believe, we still have a long way to go in this industry. We don't understand the rich are messing with our heads in this industry. How can someone bindly buy an Art fir such high amount all in the name of participating in NFT. We don't learn form our mistakes in this industry. Isn't it same way we had thousands but fICO in the past and they mostly scam their investors which the presale participate profited.

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future. We have to stop giving this rich bastard and scammers the room to scam us and ripoff of our money. Stop this worthless investment and Invest in the right things to secure a bright future.

When it comes to memes, they rise with the bull run, so some of them might be profitable, no matter if they are useful or not. There are ton of idiots with money spending them on irrelevant things and stupid money is the easiest to collect.

When it comes to NFTs it's like asking that is it worth to invest in cryptos. NFT is an umbrella term for various things. I personally don't get the art hype, it's not like you legally own anything, or it's on the legal grey area anyway. investing into NFT can also mean things like THETA, FLOW or ENJ and various others where you are basically investing to protocols. In that way there at least will be liquidity, unlike in most NFT collectables.

[livingfree]

Meme coins are not good enough to be sustained but as long as it's tradable, there will be influencers that are going to hype it and that's the same with nft arts.

Although in NFTs, there are also other things that you might get interested with specially the p2e that it has. I'm into an NFT game that's very popular these days and in the forum a lot of discussions are there, the Axie Infinity.

In my experience, so far it's satisfying to me. Enjoyable and profitable in the long run and hopefully developers will maintain its current state for it to last.

[crzy]

Meme tokens are pure of hype and not worth to be consider as a good investment, meme token are only for those who take the risk of a pump and dump price, so if you’re a risk taker go for meme token.

If you are looking for a more serious investment, NFT can be a good choice because there’s a lot of good projects for NFTs, I do focus more on the NFT games since I’d love playing while earning and I see their growth over time already, I believe they are meant to stay in the market.

[Rengga Jati]

Two answers:
1. YES
- If you really know which meme or NFT games coins have good fundamentals and are also considered as good projects
- If you really know how to manage your money and your risks when going to invest or trade in them
- If you really know their cycle and mechanisms going in the market, its pump and dump
- If you really know how to utilize every moment to get the chance to buy and sell the coins so that you can take big profits.
- If you are a high-risk taker and not a panic person

2. NO
- If you only follow the hype and FOMO
- If you are new in the crypto world
- If you don't know what kind of market situation of the NFT game and meme coins
- If you cannot control yourself to manage the money and investment
- If you dont know when to enter and when to sell the coins
- If you are a panic person, only based on hype and FOMO

[macson]

So before you post this, NFT and meme are not an investment material in terms of profitability. NFT are meant for collection and meme coin is just shitting investor. The main purpose of this is not fit for investment so don't invest your money on it if your focus is to gain only. You will be lucky if you buy an NFT that will in demand in future but considering how many NFT minting everyday. Its so hard to spot a real gem. As for meme coin, don't consider touching any of it. Its a pump and dump coin.

i think the same as you, nft and meme coins are for collection purposes only and have a small chance to make a profit in the future.  tokens that fall into the nft category and meme coins very rarely have people interested in buying, unlike bitcoin or altcoins.  so when you decide to buy nft tokens or meme coins you have to be prepared to have tokens that have no potential.

[llecrf]

*Snip

Art has no limit price because art has beauty and it is unique, NFT is good for collectors and artists who have lots of ideas for the art they create, we don't have to bother with auctioning and selling an item to someone far from the item the.
Digital platforms like the NFT platform changed everything and NFT started as a funny game cryptoKattie.

memecoin will always be hype because Dogecoin reached an ATH that was never predicted before, investors tried to place their money and hoped that the new memecoin would be the same as Dogecoin and it turns out that SHIB is currently getting selected and several other memecoins keep coming to fill the list of new memecoins in the crypto market
- https://coinmarketcap.com/view/memes/
- https://www.coingecko.com/en/categories/meme-token

[odukoyaewatomi27]

I really dont get meme NFTs to be honest. I believe that any good investment has to be backed up by very good fundamentals and there is no fundamental reason why anyone should spend a lot of money to own a meme.
The only type of value i see is the sentimental value that it may have to the owner. However sentimental values doesn't make it a good investment.
I prefer NFT of Artworks, liquidity providers etc