What are Meme Coins?

[bitkanu]

meme coin in general are just gambling in disguise, it's just full of manipulation, even the recent arb doge are just manipulation.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.

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[poodle63]

On the other hand, memecoins can also present opportunities for short-term gains. With a solid understanding of technical analysis and, in some cases, access to insider information, traders can potentially profit significantly from short-term price movements

TA will not work on meme coin. it's pure gambling. You will able to get profit once you were jaoining early but you will earn nothing if you are joining too late. It's also having big chance to be rug pulled by scammer. There are so many scammers are making shit coin right now. Only fewer shitcoins are legit. The rest was just scam coins that already made by scammers. This is must become the main concern by anyone.

[MFahad]

meme coin in general are just gambling in disguise, it's just full of manipulation, even the recent arb doge are just manipulation.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.

Mo doubt that meme coins are high risk token and without research your money can be go down to many x or zero if it rugpull. These meme coins are also an opportunity to make a high return if you choose right project. The question is how we will find good and bad project.

If any meme coins launched on new chain with more than 20% Airdrop and they locked liquidity more than two year with listing partnership with Cex also and also have big community from start then it's not bad to invest small. recently we saw AIDoge increases so much and many risk taker made 60x in one day.

If any meme coin project using name of big project and have no locked liquidity and also no listing partnership with Cex then stay away from these projects because they can remove liquidity any time.

[tvplus006]

I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community

It is everyone's choice whether to participate in the hype around meme coins or not. From my experience, I can say that I was lucky enough to buy Doge several times in a timely manner before Elon Musk wrote a post mentioning this coin, as a result of which I got a good profit.

[lixer]

There is nothing worse than buying memcoins on an unknown exchange. The risk of buying meme-coins is already high, and then some unknown exchange recommends to buy these very high-risk coins from them. Meme Coins are HYIP, pure and simple. I would not recommend to anyone to buy new memcoins, especially those which are listed only on decentralized and low liquidity exchanges, because they are more vulnerable to scam than others. DYOR.

Most of these coins never make it out of the exchange that they are initially listed at, whether it's a decentralized exchange or a new or not-so-famous centralized exchange which only a few thousand people use that has very low liquidity for every other coin or token except for the ones which are initially listed at their exchange.

The ones that get hyped too much, like Shiba, Doge, and a few more actually made it to every big exchange over time, not because they are good tokens/coins, but because they have a community that believes they will magically grow very high someday.

[Xal0lex]

There is nothing worse than buying memcoins on an unknown exchange. The risk of buying meme-coins is already high, and then some unknown exchange recommends to buy these very high-risk coins from them. Meme Coins are HYIP, pure and simple. I would not recommend to anyone to buy new memcoins, especially those which are listed only on decentralized and low liquidity exchanges, because they are more vulnerable to scam than others. DYOR.

Most of these coins never make it out of the exchange that they are initially listed at, whether it's a decentralized exchange or a new or not-so-famous centralized exchange which only a few thousand people use that has very low liquidity for every other coin or token except for the ones which are initially listed at their exchange.

The ones that get hyped too much, like Shiba, Doge, and a few more actually made it to every big exchange over time, not because they are good tokens/coins, but because they have a community that believes they will magically grow very high someday.

Right, because many such meme coins have limited budgets and are created by ordinary crypto users in the hope of making money from this hype. And I noticed that as soon as a new hype meme token appears, a bunch of clones appear on decentralized exchanges, which usually only grow for a few days, and then their graph just looks like a straight line at the bottom. These coins are disposable, so to speak.

[Silberman]

I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community

It is everyone's choice whether to participate in the hype around meme coins or not. From my experience, I can say that I was lucky enough to buy Doge several times in a timely manner before Elon Musk wrote a post mentioning this coin, as a result of which I got a good profit.

As much as I dislike meme coins I agree with you, it is up to each person to decide where they invest their money, and if they think meme coins are a good place to do this then it would be silly for me to try to convince them to not do this, still people need to accept the good with the bad, and just as someone could make good money with those coins they could also lose money, and in the case the latter scenario is the one that occurs those people would have no reason to complain about those coins as they decided to invest in them even when they knew the risks they were taking by doing it.

[bitcoin-shark]

Meme coins are a type of cryptocurrency that are inspired by memes and internet jokes. They are designed like any other cryptocurrency, but their existence tends to be centered around a viral moment or funny idea, and their value depends largely on how much support they receive from online communities3. Examples of meme coins include Dogecoin and Shiba Inu1. While meme coins may be fun, they are also highly speculative and risky investments, and may hold little or no intrinsic value. It is possible to make or lose a large amount of money quickly when trading meme coins and other virtual currencies.

[RussianEnglishTranslation]

The only meme coin I like RN is Vitalik ETH because it has real utility, it's not just some elondogeinu garbage that has no utility. Vitalik ETH makes all transactions appear to be coming from Vitalik Buterin's wallet, so it's private.

[FMCPAY_GLOBAL]

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

It's the first time I read of FMCpay. Any reviews anyone?

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https://news.fmcpay.com/

[FMCPAY_GLOBAL]

Meme coins are too risky to invest, I lost a lot of money investing on meme coins, so i can never invest on it again, though most daily traders make a lot profit investing on meme coins.

vesting in meme coins can be a rollercoaster. Wishing you better luck with future investments! 🚀

[FMCPAY_GLOBAL]

The only meme coin I like RN is Vitalik ETH because it has real utility, it's not just some elondogeinu garbage that has no utility. Vitalik ETH makes all transactions appear to be coming from Vitalik Buterin's wallet, so it's private.

No more of that elondogeinu nonsense. Quality over hype! 👍🚀

[Bushdark]

On the other hand, memecoins can also present opportunities for short-term gains. With a solid understanding of technical analysis and, in some cases, access to insider information, traders can potentially profit significantly from short-term price movements

TA will not work on meme coin. it's pure gambling. You will able to get profit once you were jaoining early but you will earn nothing if you are joining too late. It's also having big chance to be rug pulled by scammer. There are so many scammers are making shit coin right now. Only fewer shitcoins are legit. The rest was just scam coins that already made by scammers. This is must become the main concern by anyone.

There are many meme projects in the market and categorizing them to be meme coins is not difficult to know. Also there are somw questions we don't need to waste our time asking here because it is going to take long time for us to get reply from reputable people that will give a more relaxing opinion. There is no question we are looking for that we can't get on the internet. The internet is a better place to ask questions like op had asked to get a clear understanding about the cryptocurrency market.

[Ben Barubal]

  The majority of meme coins will not give us a profit. Most of them can only be hyped. I can only name a few of the meme coins that can be said to have the ability to give us profit.

  Imagine How many years has cryptocurrency been in this business industry? We can count on our fingers the meme coins that have remained in this field of business, in fact, and Dogecoin was the first, followed by Shib, followed by Pepe Coin, Floki, and others. As long as you continue to be careful and do it, it's still at your own risk.

[Y3shot]

Meme coins can't be predicted and it is very risky in the market,  it is very important for people not considered as a major investment that should be taking serious,  it can be investment that people can gamble with with little amount that they can afford to lose. With the experience of meme coins over the years it is dangerous to take meme coins as a major investment.  Meme coins are not reliable in the cryptocurrency market, having meme coins is like playing gambling.

[AnonBitCoiner]

We cannot be contemplate Meme coins to be most powerful asset with fruitful results because most of the time meme coins fall off to zero worth. Choosing of meme coin is done by numerous individuals because they have a desire for sprightly financial gain but they are heedless about pitfall.

Some meme coins are also morally correct and they can give higher return and example of such coin includes Shiba inu and doge coin but I think all the time you should not trust meme coins as it will lead you to have worried thoughts instead of any net income. People move towards meme coins for investment purpose via noticing the attainment of doge coin but remember that all meme coins are not like a doge.

[EarnOnVictor]

meme coin in general are just gambling in disguise, it's just full of manipulation, even the recent arb doge are just manipulation.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.

I don't see meme coins/tokens the way you explained it and the way to earn from them is just the same way to earn from other coins and tokens. Cryptocurrencies don't have such a huge distinction from each other except for the difference in popularity and acceptance. It is proper to say that meme coins are for the vibe, just as the name implies "meme," there is no utility but we should never limit them to that. In cryptocurrency, there are many coins/tokens that are claimed to lack utility, just like Bitcoin. Some even argue to the point that Bitcoin is never a security. But with people appreciating cryptocurrency and committing their money to it, those cryptocurrencies becoming a means of storing assets and also for buying and selling (medium of exchange). Is that not utility enough, or is that not what financial securities are meant for?

For this, in the cryptocurrency space, the meme is more than the term in the normal sphere and they are often turned into something more useful as long as the coin/token becomes popular and widely accepted. In some cases, there are some till today that are now useful and accepted by many. This is what matters, the relevance people place on them.

[Makus]

It's so embarrassing that many of our investors now follow after trend and forget all that they have learnt so far. The risk associated with meme coins are just too much for me  to comprehend, coins that were made out of joke inspiration are not worth investing in, majority of shitcoin and scam project are meme coins, though they can initially seem promising by giving their investors some sort of profit, but they can still crash to price zero with the twinkle of an eye. What happened to dogecoin and it's massive adoption is as a result of the manipulation Elon musk did, his influence made the coin grew to this length. Nevertheless it's still not safe for investment.

[MFahad]

It's so embarrassing that many of our investors now follow after trend and forget all that they have learnt so far. The risk associated with meme coins are just too much for me  to comprehend, coins that were made out of joke inspiration are not worth investing in, majority of shitcoin and scam project are meme coins, though they can initially seem promising by giving their investors some sort of profit, but they can still crash to price zero with the twinkle of an eye. What happened to dogecoin and it's massive adoption is as a result of the manipulation Elon musk did, his influence made the coin grew to this length. Nevertheless it's still not safe for investment.

I am not agree with you, are you think that memecoin other than doge are created for scam purpose? Shib, Pepe, Xsats all are meme coins but accepted by many exchanges and that's it. The project you promoting (Elon) is also Meme coin than what will be your thoughts on this project? If you think it is shit project and should not profitable then how you could promote to others and If you think it will give profit then you should rethink your above post.

Meme project are not for long term but high profit in short time. The only thing is to research for best project among many new projects.

[Makus]

Meme project are not for long term but high profit in short time. The only thing is to research for best project among many new projects.

Yeah you are correct about the fact that meme coins are good for short term holding, and I approve of that but what I am saying is, the risk associated with meme coin investment is just too much, even for a newbie or an advanced pro trader or investor. Meme coins might be the next target for hackers and scammers to penetrate through. Beside I didn't say they are all scam project or were created for scam purpose either. C'mon mate you know what am talking about, so stop acting a novice.