Shitcoins and Memecoins

[Natalim]

Did you notice?
It is shitcoin season!!! Memecoins are not to be left behind!

What are Shitcoins?

Shitcoins are crypto assets with little to no value or digital currency that has no immediate, discernible purpose.
On the other hand, Memecoins are genres of crypto assets with it?s value derived from it?s community?s support. They are largely speculative.

Those people that have no idea what to buy in the market will likely choose what was been suggested by most, and that is not meme coins nor shitcoins but surely it was Bitcoin and Ethereum.

If we are familiar with the market and have an experience with these meme coins and shitcoins, you will certainly discourage people not to invest in them. I hope newbies will see the risk with these coins mentioned by OP. I know Dogecoin has a huge community but this is not the ticket to say it was a good investment, not even with the others as we know that meme coins are mostly scams.

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[Yatsan]

Bad season especially for 'small' tokens. Majority of the altcoins including memecoins and 'shitcoins' are not reacting wuth short pumps in the market unlike with the big names out there. There's hope indeed but definitely lower than the typical crypto names, to get a comeback for this year which is about to end.

Did you notice?
It is shitcoin season!!! Memecoins are not to be left behind!

What are Shitcoins?

Shitcoins are crypto assets with little to no value or digital currency that has no immediate, discernible purpose.
On the other hand, Memecoins are genres of crypto assets with it?s value derived from it?s community?s support. They are largely speculative.

Those people that have no idea what to buy in the market will likely choose what was been suggested by most, and that is not meme coins nor shitcoins but surely it was Bitcoin and Ethereum.

If we are familiar with the market and have an experience with these meme coins and shitcoins, you will certainly discourage people not to invest in them. I hope newbies will see the risk with these coins mentioned by OP. I know Dogecoin has a huge community but this is not the ticket to say it was a good investment, not even with the others as we know that meme coins are mostly scams.

Memecoins are usually riding the 'waves' of demand. Given that whales are not that active especially during times of such, memecoins are negatively affected. These coins has no utility and market prices are solely dependent with demand, that is why. If ever there will be a bullish movement before this year end, for sure few tokens would only make it under category of memecoins.

[isaac_clarke22]

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Truly the point. There is nothing much .ore to be defined from these meme coins other than being meme or being like the usual stuff you see in the internet. Investing in those is like walking in a broken glass anways. You won't likely see a profit or two from it maybe quick gains but not the usual long term gains that everyone wants.

[tvplus006]

...I know Dogecoin has a huge community but this is not the ticket to say it was a good investment, not even with the others as we know that meme coins are mostly scams.

You can always use meme coins to get a quick profit, and not as a long-term investment. The last Doge pump was related to the news about the purchase of Twitter by Elon Musk. And it really was a very good opportunity to get 30% profit in the current bear market.

[Altryist]

Memecoins are usually riding the 'waves' of demand. Given that whales are not that active especially during times of such, memecoins are negatively affected. These coins has no utility and market prices are solely dependent with demand, that is why. If ever there will be a bullish movement before this year end, for sure few tokens would only make it under category of memecoins.

But what is the use of this if only a few tokens out of a thousand can grow, the rest will remain useless garbage. There is no big difference, whether shitcoins or memcoins both carry big risks for investors. And if shitcoins at least sometimes try to portray some kind of activity, then memcoins seem to be just created for the sake of entertainment, some will shoot for a while, some will not.

[FanEagle]

What is this shitcoin season that you are talking about? What makes you think that it is the shitcoin season? There are literally one or two shitcoin getting pumped every day, but for a short period of time. Those who join late are the ones that pay for the profit of the others. And then there are shitcoins that lock you our from selling. Almost everyone that invests in shitcoin loses their money. Meme coins and shit coins have no difference. All meme coins are shitcoins with no real usecase. Only few (two of them) was able to remove the shitcoin label due to the huge community support.

Shitcoins are not hyped currently, but at some point we all remember it was hyped a lot, which started with Elon if I am not wrong. He pumped doge, and then maybe shared a few things about shiba I guess, and that was it and that caused a ripple effect which pumped some other ones I remember as well.

That was a period called shitcoin period and there were billions going into shitcoins and memecoins and the money that could have helped prop up the other proper ones like bitcoin up, went into these terrible projects. We are not there right now, it's long gone, it has been nearly 1.5 years since it last happened, but that period was a dark period for crypto unfortunately.

[Silberman]

Memecoins are usually riding the 'waves' of demand. Given that whales are not that active especially during times of such, memecoins are negatively affected. These coins has no utility and market prices are solely dependent with demand, that is why. If ever there will be a bullish movement before this year end, for sure few tokens would only make it under category of memecoins.

But what is the use of this if only a few tokens out of a thousand can grow, the rest will remain useless garbage. There is no big difference, whether shitcoins or memcoins both carry big risks for investors. And if shitcoins at least sometimes try to portray some kind of activity, then memcoins seem to be just created for the sake of entertainment, some will shoot for a while, some will not.

This is one of the main problems with those coins, once in a while a shitcoin will pump and one of the lucky people which invested in that coin will come to the forum claiming how they found a way to make an unlimited amount of money in a short amount of time, but of course they will forget to mention there are thousands of coins just like the one they invested and all the people that were not as lucky as them and which are now holding a bag of useless coins, but obviously such details are unimportant for someone which is blinded by the profits they got out of a useless coin.

[iv4n]

...I know Dogecoin has a huge community but this is not the ticket to say it was a good investment, not even with the others as we know that meme coins are mostly scams.

You can always use meme coins to get a quick profit, and not as a long-term investment. The last Doge pump was related to the news about the purchase of Twitter by Elon Musk. And it really was a very good opportunity to get 30% profit in the current bear market.

That sounds like pump & dump. And from what I saw Elon is doing exactly that, he is taking advantage of his huge/incredible/amazing capital combined with many followers, to pump and later dump some coins! As we could see he did it with Doge and Bitcoin.

Tell me if I am wrong, but before Musk and crazy Doge rise we all thought that meme coins are shitcoins! But Musk showed us that even meme/shit coins can get publicity if the right person moves the masses in his desired direction.

[Fatunad]

...I know Dogecoin has a huge community but this is not the ticket to say it was a good investment, not even with the others as we know that meme coins are mostly scams.

You can always use meme coins to get a quick profit, and not as a long-term investment. The last Doge pump was related to the news about the purchase of Twitter by Elon Musk. And it really was a very good opportunity to get 30% profit in the current bear market.

That sounds like pump & dump. And from what I saw Elon is doing exactly that, he is taking advantage of his huge/incredible/amazing capital combined with many followers, to pump and later dump some coins! As we could see he did it with Doge and Bitcoin.

Tell me if I am wrong, but before Musk and crazy Doge rise we all thought that meme coins are shitcoins! But Musk showed us that even meme/shit coins can get publicity if the right person moves the masses in his desired direction.

It could be always end up on being manipulative or something that could really be influenced by someone who do tend to hype it which we know that everything on cryptospace could really be that possible.
Even on the shittiest project that we do have could potentially rise its price once its been hyped or something but once it do really end up on making lots of investors lost its money then pretty sure that
we would be sharing up on the same impression is on which you would really be definitely be having a bad experience and wont really be tending to make yourself get on the second time mistake
once you do encounter it on the future.We do have lots of shitcoins in the market and this is why you should really make yourself that be careful on dealing with investment.

[dlightag]

The cryptocurrency market is seriously on Red, which is bear market and is good to buy, as you said, shitcoin really do well during the bull run, any small thing, pumping and moving forward with the community support, therefore is good to invest on meme coin's while waiting for Bull Run.

[AzamNurWahid]

The cryptocurrency market is seriously on Red, which is bear market and is good to buy, as you said, shitcoin really do well during the bull run, any small thing, pumping and moving forward with the community support, therefore is good to invest on meme coin's while waiting for Bull Run.

Yes.  This is a very difficult choice for all traders.  If we invest in memes, I'm afraid this trend won't last long. But if this is possible, investing in coins in the top five ranks is an option that must be tried.

[tvplus006]

Memecoins are usually riding the 'waves' of demand. Given that whales are not that active especially during times of such, memecoins are negatively affected. These coins has no utility and market prices are solely dependent with demand, that is why. If ever there will be a bullish movement before this year end, for sure few tokens would only make it under category of memecoins.

But what is the use of this if only a few tokens out of a thousand can grow, the rest will remain useless garbage. There is no big difference, whether shitcoins or memcoins both carry big risks for investors. And if shitcoins at least sometimes try to portray some kind of activity, then memcoins seem to be just created for the sake of entertainment, some will shoot for a while, some will not.

Most of those who launch such shitcoins and mem coins set themselves the task of getting a quick profit by attracting newcomers to their pump, promising them a high income. And as a rule, they fail to do this, since newcomers are already coming to the market a little more educated than they were before. And accordingly, without reaching their goal, they completely abandon their project.

[vanesha]

they don't care about it all as long as they can profit whatever they charge from shitcoins still look good with the various concepts they create. but shitcoins are still shitcoins exploding at the beginning but those who are at the end of the entry will become stuck forever. I don't really follow the trend meme because it's a pyramid-like risk.

[Hamza2424]

Shitcoins are ahitcoins haha but meme coins are much bigger shitcoins in the catagory of the shitcoin.... Oops point is never trust Shit coins they are like the cool breeze from the refrigerator disappear in a few secs. Hype is not solution even its not profitable too as when you enter hype gets over and you get stuck into the trap.

[justdimin]

There might be no benefits from posting OP sentiments about shitcoins and memecoins but surely we proven that most of us here agree that buying those coins today will put you in a dire situation knowing that they majority of them are destined to fall and lost it's value. I also think that there's not much differences in charts between those famous meme coins (except doge) vs the other tokens in the market today.

It’s clear that the fundamentals are weak with these meme projects and that’s the reason why I am staying away from them. Tell me one thing that they do right aside from social media hype they get, anything else comes to mind? Of course not, the project needs to be a good one from the get go in order to get my money, when I checked the code, the team, the features, the additions, everything that a project has, needs to be good before it could be invested.

These projects have none of that and this is why ı dislike it, and I would never invest. NFT was similar too, it was just pure hype and had absolutely no proper reason for them to be that high.

[Yamifoud]

Did you notice?
It is shitcoin season!!! Memecoins are not to be left behind!

What are Shitcoins?

Shitcoins are crypto assets with little to no value or digital currency that has no immediate, discernible purpose.
On the other hand, Memecoins are genres of crypto assets with it?s value derived from it?s community?s support. They are largely speculative.

Shitcoins are always been around and one of those is meme coins that turn into no-value assets that become shitcoins.
It was clear to our mind the value of these coins (memes and shitcoins), and they are just close to each other. As we could see, only Shiba Inu and Doge among these meme coins made their way to stay longer in the market while many of these kinds are dead. They are too lucky to have that support from the community because there's none, it is absolutely they are dead also.

[Mahanton]

I haven't invested in any shitcoin or memecoin so far. But if I had invested enough not to risk it, maybe it would have made some people happy. So sometimes it is necessary not to know anything. Throwing 15-20 dollars at anyone sometimes earns good money in a strange way. I respect those who do, but I have never invested without researching the project.

On just using your own common sense, then you would definitely be suggesting not to engage with risky meme coins but we do know that there are people who could really play with fire.
They know its risky but it is also a way on making huge profits if the trend or interest or hype would really go in line with these things.Its better not to touch up if you could
able to bare the risk but it cant really be denied that investing on shit coins and when it gets pumped then you would definitely get lots of profits
but if not then it would really be a loss or in general, its really a gamble.

[irhact]

Did you notice?
It is shitcoin season!!! Memecoins are not to be left behind!

I noticed dogechain pumping and this got me wondering how that's possible in a bear market then I want to their social media page and discovered they announced a burn mechanism and a reduction of token supply which triggered the community to react positively. People still get this fooled in 2022, why did the developers make such supply of tokens if they know they won't need it in future.
So they still use the trick of burning of token supply to increase investors trust and hope of been profitable when they get their hands on these worthless meme coin.

[Humility4sure]

Meme coin are not necessarily shit coin, though they are largely almost as risky as shit coin owing to the fact that they lack utility and their success is determined by whose behind the project and the community desire to pump it or not. When I think about meme coin, what comes to mind is Shiba and dogecoin, though I know there are several more that are regarded as shit coin.

[Xal0lex]

Did you notice?
It is shitcoin season!!! Memecoins are not to be left behind!

What are Shitcoins?

Shitcoins are crypto assets with little to no value or digital currency that has no immediate, discernible purpose.
On the other hand, Memecoins are genres of crypto assets with it?s value derived from it?s community?s support. They are largely speculative.

Everything you described applies to any altcoin, regardless of its category, whether it is a utility token or a meme coin. All coins depend on community support and whales. Without them, there will be no demand and the creation of a certain market by market makers. If we are talking specifically about meme koins, it is a class of cryptocurrency whose demand depends only on the availability of some influencer. If a meme coin doesn't have an influencer, who will distribute mentions about the coin in social networks, then this meme coin will remain unknown and unwanted. The popularity of this or that coin depends on the degree to which it is distributed in social networks by some person, a so-called opinion leader.