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Author Topic: Do you like Meme Coins ?  (Read 570 times)
abel1337
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May 18, 2023, 03:02:24 PM
 #41

People who had made good fortune out of memecoin likes it much more than the common cryptocurrency users. I'm not much into memecoin, but I prefer having specific memecoin for what it have delivered in the past. As stated memecoins were short term investment, if not we should've invested what we can afford to loss.

In recent days once again memecoin discussion have reached the cryptocurrency trend. Someone can be seen lucky and we should understand the risk in it and progress. Major thing required with memecoin investment is luck.
Really? I mean I see it as a short-term fortune more than just the long-term fortune. I am curious on what meme coin/s were in your portfolio in the past? I suppose it would be Doge Coin due to its popularity back in the days and they're even being used in casino I believe?

Meme coins became even more trending when Musk shilled the crap out of Shiba and Doge and now people are talking about them quite often. It's not really that much of a topic back then and in fact, I might not have read the word "meme coin" back in 2017 and 2018 here in the forum.
I think he doesn't have any meme coins in the past since he doesn't like it that much. Meme coins are just being given away before as far as I remember it's on year 2016 where I received my first DOGE that is given to me. DOGE that day is serving it's purpose as a tipster coin that is just being given away because of it's low value and high supply but today DOGE are for keepers and ELON really change up the game. I just regret it before that the DOGE I received as a tip before on a certain exchange (I forgot the exchange name) where close now due to bankruptcy and I didn't even had the chance to withdraw those doge from that exchange. It's a sad ending for my DOGE back then but yeah I didn't spend any money from acquiring that.
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May 18, 2023, 03:12:35 PM
 #42

I simply not interested in memecoins. It's not investing, it's just gambling. People just don't care that these coins don't have any utility and maybe even were made to be rug pulled at some point.
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May 18, 2023, 03:46:15 PM
 #43

I simply not interested in memecoins. It's not investing, it's just gambling. People just don't care that these coins don't have any utility and maybe even were made to be rug pulled at some point.

However, Changpeng Zhao stated that he is not against memcoins. Binance, in fact, lists them, having recently supported pepe, he added. "We tend to follow what our users are active at" - https://www.theblock.co/post/231331/binance-cz-musk-dogecoin This means that as long as there is a demand for the meme coin, there will be a supply.

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May 18, 2023, 04:23:25 PM
 #44

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.
I like coins memes when hype because there I can take a double profit than playing gambling actually, especially if I get the first entry before the token meme is hype, of course I will get the advantage to be able to live for several months, but yes it is based on In the risk too if you don't profit then you will really lose your money sir.


I simply not interested in memecoins. It's not investing, it's just gambling. People just don't care that these coins don't have any utility and maybe even were made to be rug pulled at some point.

However, Changpeng Zhao stated that he is not against memcoins. Binance, in fact, lists them, having recently supported pepe, he added. "We tend to follow what our users are active at" - https://www.theblock.co/post/231331/binance-cz-musk-dogecoin This means that as long as there is a demand for the meme coin, there will be a supply.

Yes sir, you are right, those sellers will definitely not oppose anything about any crypto, if the meme has a lot of requests they will definitely provide a way to people who want to buy it, I think there is no business for it because binance is a market, the market only provides goods that are asked for consumers.
If seen from there, Binance can play behind to take advantage of the purchase of.

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May 19, 2023, 02:19:00 AM
 #45

actually I like meme coins because the market movements, of course, will stimulate adrenaline, and we can imagine. but the problem is that the risks are directly proportional to the rewards, so you have to be careful to be able to determine the right time. but it must be instilled in our hearts that meme coins should not be the basis of our investment, still the main thing is investing in major coins, so that our investment health will be maintained, and of course it will also remain healthy psychologically. and one more thing, in my opinion meme coins are not worth investing in the long term, considering the uncertainty of this coin which is different from major coins

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May 19, 2023, 02:33:28 AM
 #46

Shib and doge are only two I mess with and even those I consider extremely high risk. I could see doge exploding if Elon adds it to twitter. Shib also seems to have a good community and a high burn rate so i can say I like meme coins because I got a lot of money from it.
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May 19, 2023, 03:55:52 AM
 #47

I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.
This is exactly what happens to everyone, I don't expect anyone to really like meme coins because they have no real project or value but they are hype that makes money, so everyone loves them for this reason only.

It is not important that we like it, but the important thing is that we make good profits from it. This is a good way to make money, although it also has high risks.

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May 19, 2023, 04:54:30 AM
 #48

I don't like meme coins. In fact, I hate them. What are their functions really, aside from being pump and dump shitcoins and milking cows of crooked and opportunistic developers?

I understand that Dogecoin has use-cases, practical use-cases in fact. Doge is convenient for tipping and even for betting. But without these use-cases, what's the point of this coin?

So to the rest of the meme coins that have no practical use-case, they're just giving crypto a bad name. They are making victims out of innocent people.
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May 19, 2023, 10:11:29 AM
 #49

All meme tokens seems to be not really for the long-term. It's called meme for a reason and memes in the internet just gets buried out by time since they're only for temporary entertainment for people browsing in social medial.
Good thing I did not invest to those coin.

Everyone has a different views for meme token. Maybe for some people, memes are not worth to invest and there are those who choose not to invest without giving any judgment. I'm not against the existence of the token meme, and to be honest I'm still willing to take any chances to buy again when I have some extra cash to spare. Even though meme tokens just for fun, there are many meme tokenss that are not just memes, but in the end they have their own utility to maintain their existence. Examples of safemoon with the wallet, shib with the game and another services, catecoin with the wallet and other service, many other examples that can be found from just meme tokens to utility tokens.

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May 19, 2023, 11:18:24 AM
 #50

actually I like meme coins because the market movements, of course, will stimulate adrenaline, and we can imagine. but the problem is that the risks are directly proportional to the rewards, so you have to be careful to be able to determine the right time. but it must be instilled in our hearts that meme coins should not be the basis of our investment, still the main thing is investing in major coins, so that our investment health will be maintained, and of course it will also remain healthy psychologically. and one more thing, in my opinion meme coins are not worth investing in the long term, considering the uncertainty of this coin which is different from major coins
Those who can take the high risk will certainly be taking their opportunity with them. People are saying they have earned a lot during the hype and probably true. That is why it gains more attention and hypes the entire crypto market, and most of the news has been focused on them.
I can't deny that it was tempting and why not try anyway, using a small amount isn't hurt at all if I lose them. But if we think about holding them for the next bull season, I'm doubted it will work for them. I should not be doing that either.

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May 19, 2023, 02:09:42 PM
 #51

Often noticing meme coin headlines, people want quick money and meme coin description claims it can give you 50x or 100x return in a short period of time. But can anyone give me a guarantee then I will invest all my money.Those who like to take risk in investment the are can invest in memecoin.To me they are very risky, so I will never do risky investment.Everyone is just speculating on meme coin and seems to exist to make money.  I think meme coin should not be one's investment base, because it is risky.

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May 19, 2023, 02:28:02 PM
 #52

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

I don't like meme coin and I don't hate meme coin either, it's just that meme coin is a ridiculous investment, so people who invest at the beginning will get profit, but those who invest at the end will lose money, that's why I don't like meme coin, because meme coin is like transferring money from one person to another and the risk is very big (the price goes down and it's hard to increase again), so that's what makes me not interested to investing in meme coin.

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May 19, 2023, 02:35:10 PM
 #53

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.
I have seen similar topics before.  There was a lot of hype about Meme coin when Elon Musk first got into cryptocurrency and started tweeting about Meme coin. But now that hype is gone so I'm not too interested in meme coin now. I don't see much potential to invest in any coin other than Bitcoin and Ethereum.  So I am more interested in investing between Bitcoin and Ethereum. So I personally don't like to invest in meme coin now

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May 19, 2023, 04:22:09 PM
 #54

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.
In order to make those profits then you need to invest on those meme coins at a very early phase and the only ones which can do that are the ones which are legitimately interested in those coins, the rest of the traders can only hope to invest in them once a great deal of the pump is over already.

So with this in mind if you want to trade those coins then do it, but you need to be very aware of this dynamic and at the first sign that things could take a turn for the worse then you need to sell your meme coins whether you made any money or not.
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May 19, 2023, 05:02:33 PM
 #55

I don't like meme coin and I don't hate meme coin either, it's just that meme coin is a ridiculous investment, so people who invest at the beginning will get profit, but those who invest at the end will lose money, that's why I don't like meme coin, because meme coin is like transferring money from one person to another and the risk is very big (the price goes down and it's hard to increase again), so that's what makes me not interested to investing in meme coin.

A trader faces such a problem not only when trading a meme coin, but also another cryptocurrency. You can also buy bitcoin when its price has reached a maximum, and you will have to wait a long time for the coin to correct and reach its ATH again. So in any case, you will have to independently determine the levels of buying and selling coins.

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May 19, 2023, 05:16:51 PM
 #56

In fact, I really don't like the coin meme at all because it has no economic application at all. But as a trader, short-term trading with meme coins is no different from winning the lottery. It is important that you find projects with good pumps and exiting at a reasonable point is also important because their prices can drop at any time. And what I always do with meme coin projects is to lock the initial capital no matter what profit or loss so can avoid loss as well as preserve the money better.
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May 19, 2023, 05:20:54 PM
 #57

I don't like meme coin and I don't hate meme coin either, it's just that meme coin is a ridiculous investment, so people who invest at the beginning will get profit, but those who invest at the end will lose money, that's why I don't like meme coin, because meme coin is like transferring money from one person to another and the risk is very big (the price goes down and it's hard to increase again), so that's what makes me not interested to investing in meme coin.

A trader faces such a problem not only when trading a meme coin, but also another cryptocurrency. You can also buy bitcoin when its price has reached a maximum, and you will have to wait a long time for the coin to correct and reach its ATH again. So in any case, you will have to independently determine the levels of buying and selling coins.

There is no denying that many people benefited from meme coins when they were at their peak. Many investors have profited generously from meme coins by investing on the hype. But when it comes to long-term investment, I don't believe meme coins are the best option. I would still choose a coin with more credibility and potential, like Bitcoin.
Risk-takers would do best to invest in meme coins, but they also need to undertake extensive research to understand its future potential and movement. It would be wise to capitalize on the buzz, just like other people did, but an investor should maintain their skepticism because scammers are sometimes concealed under meme currencies.
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May 19, 2023, 05:29:12 PM
 #58

If not for profits aspect I wouldn't advise anyone to venture into buying altcoin memecoin so is very risky and could collapse anytime any moment. If you must invest or involving yourself with meme coin let it be for a short term, like you don't have to wait for 10x to 50x as a trader even 5x is very much preferable compared losing ones investment to a no usecase token.
Sometimes those who hold meme are meant to be very vigilant towards buying and holding it because it could change direction at any given time without your noticed of knowledge.

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May 19, 2023, 05:49:31 PM
 #59

...Risk-takers would do best to invest in meme coins, but they also need to undertake extensive research to understand its future potential and movement. It would be wise to capitalize on the buzz, just like other people did, but an investor should maintain their skepticism because scammers are sometimes concealed under meme currencies.

Meme coins are very attractive for beginners who have a very small deposit. Accordingly, such an opportunity to increase your capital hundreds of times cannot stop from investing in such risky coins. But in any case, you will face the problem of choosing the right coin.

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May 19, 2023, 06:51:03 PM
 #60

I simply not interested in memecoins. It's not investing, it's just gambling. People just don't care that these coins don't have any utility and maybe even were made to be rug pulled at some point.
However, Changpeng Zhao stated that he is not against memcoins. Binance, in fact, lists them, having recently supported pepe, he added. "We tend to follow what our users are active at" - https://www.theblock.co/post/231331/binance-cz-musk-dogecoin This means that as long as there is a demand for the meme coin, there will be a supply.
Binance is an exchange that provides trading services to their customers, so they would obviously have no issues since they understand and clearly see that it is being hyped very badly and people will surely jump in to buy and sell it which is what earns them revenue, so they will obviously list it knowing their customers would want them to do that.

But if you ask an individual investor, he would probably not prefer investing in a meme coin once the hype is over, it is only good if you can manage to get in pretty early so that you can get some profit by the time it hits its all-time high.

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