Coinbase on the defensive about these bitcoin ordinal centralized meme coins

[rdbase]

I think we have lost value of coins completely because I remember any time Bitcoin is been discussed, altcoins are seen as shitcoins because of their pump and dump behaviors but it's down on me how meme coins that are worst of altcoins are winning, they are all over solana network and nobody is saying anything about it because the community see is an activeness on their network but that's nonsense, people even create meme token with a website to rugpull and it's now normalize.

I don't blame them actually, the altcoins that are promised aren't working, none of them has fulfill promises made in their whitepaper and road map, just hype and this is just rebranded shit show that will soon end. Bitcoin remain for those who has eyes.

Yet just yesterday on a live network televised session Jim Cramer from Mad Money questioned Gary Gensler about all these same sh*tcoins getting ETF approval and what him and the SEC are going to do about them when it comes to his rules of regulatory restraint on people not getting involved in their pump and dump schemes.

Video clip: https://x.com/SolanaFloor/status/1798355685438353803

[rdbase]

The block was worth so much due to the auction for it because of the rune within it was worth alot more to most.
And the thing is, the ones who bid on it DO NOT get it back if they lose to be a holder of this ordinal.
So the potential winner just keeps bidding til they actually win it or they just wasted their time and obviously their bitcoin bid!
Sounds only for the crypto rich style auction house type bidders to be a part of.

Man you won't believe all the ridiculous stuff that crypto bros would do with their money only to blow most of it.   

I mean, what's the auction holder gonna do now? Buy a Lambo?

Makes you kind of glad that you are posting on the sane part of the crypto internet, where people actually make calculated decisions with their money before spending it.

Ah yes, the allure of the meme coins has gripped all the generations, even my father! I wonder if many of the younger teens have figured this stuff out. The exchanges that embrace these changes are right for doing so I think, it surely brings more volume to their exchange no doubt I might add. I think there are so many different ordinal protocols that do the insciptions better and use the space in a much more efficient way so I don't know if BRC-20 will end up being adopted as the standard. As far as meme coins are concerned tho its incredible the gains you see from folks on social media, etc, sometimes you wonder if its real but then again it is crypto and anything is possible lol

I think that memecoins are like buying lottery tickets nowadays. Most likely you are not going to win anything.

They recently had confessed that diving into these cryptocurrency altcoins, memecoins and inscriptions are relative to gambling at a casino.
Where you do not know if you will walk away with profit which essentially means finding a gem or lose everything ending up in the red with your investment holdings.
So yeah, it is just like a crypto casino when you are dealing with all these things listed above.

[tread93]

The block was worth so much due to the auction for it because of the rune within it was worth alot more to most.
And the thing is, the ones who bid on it DO NOT get it back if they lose to be a holder of this ordinal.
So the potential winner just keeps bidding til they actually win it or they just wasted their time and obviously their bitcoin bid!
Sounds only for the crypto rich style auction house type bidders to be a part of.

Man you won't believe all the ridiculous stuff that crypto bros would do with their money only to blow most of it.   

I mean, what's the auction holder gonna do now? Buy a Lambo?

Makes you kind of glad that you are posting on the sane part of the crypto internet, where people actually make calculated decisions with their money before spending it.

Ah yes, the allure of the meme coins has gripped all the generations, even my father! I wonder if many of the younger teens have figured this stuff out. The exchanges that embrace these changes are right for doing so I think, it surely brings more volume to their exchange no doubt I might add. I think there are so many different ordinal protocols that do the insciptions better and use the space in a much more efficient way so I don't know if BRC-20 will end up being adopted as the standard. As far as meme coins are concerned tho its incredible the gains you see from folks on social media, etc, sometimes you wonder if its real but then again it is crypto and anything is possible lol

I think that memecoins are like buying lottery tickets nowadays. Most likely you are not going to win anything.

They recently had confessed that diving into these cryptocurrency altcoins, memecoins and inscriptions are relative to gambling at a casino.
Where you do not know if you will walk away with profit which essentially means finding a gem or lose everything ending up in the red with your investment holdings.
So yeah, it is just like a crypto casino when you are dealing with all these things listed above.

I mean honestly it is like a big casino but a lot of this works based on word of mouth? SO I ask all of you, what are the hot meme coins lately where you might stand to make some gains?? This is the hardest part to get in on something while the getting is good before its all gone hahahah

[rdbase]

Understand your sediment on the crypto casino known as memecoins and many others such as yourself have been asking the same question.
Which one is that one gem to make them instant wealth for investing into them?

There are way more on the cryptocurrency exchange crypto.com offered than on Coinbase.
Thus the sudden increased trading volume compared to the largest cryptocurrency exchange in the US:
"The centralized crypto exchange (CEX) Crypto.com saw a 23% increase in reported 24-hour trading volume, which rose to $3.16 billion on Aug. 1, surpassing Coinbase’s $2.12 billion, according to Messari data."
source: https://cointelegraph.com/news/crypto-com-surpasses-coinbase-trading-volume-institutional-growth