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Author Topic: Do not be pulled by the hype of meme coins  (Read 1124 times)
I_Anime (OP)
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May 23, 2023, 03:31:41 PM
 #1

Shiba inu improved in the popularity of meme coin and pepe has rekindled that fire after its initial success, this has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.

Lovehateinu is an example of a meme coin some website praised but has been underperforming after its listing. People should be aware that meme coin ride in hypes and the size of it's community since most lack a need they satisfy. The poor community of lovehateinu was like a flag that should have shown that the coin isn't going x40.


Pepe success came as a result of its large community and the speculation that it would be listed in binance, now its listed and investor have jumped to another and those doing HODL like they holding Bitcoin are up for a bumping Ride.

What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.


Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.

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May 23, 2023, 05:49:36 PM
 #2

These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.
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May 23, 2023, 06:12:27 PM
 #3

These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.
The major source memecoin feeds from is hype, this is what keeps them afloat, right from the Time doge coin blew up all thank to the influence of Elon musk, and the hype that was generated through it. Although doge coin is one memecoin that has still tried to remain solid even though it can reach the height it had reached previously.

Coins like Pepe now seeing some degree of success this is the benefits of FOMO (fear of missing out) created by their community and has captured many pushing them into the project, the negative side of this is that some people would be affected negatively by this in the long run, any project that has not long term assurance should not be a fancy to anyone.

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May 23, 2023, 07:00:31 PM
 #4

This topic will be more appreciated at the altcoin section than here.
Then talking about those who venture into altcoin within just a hype of the project or even the community making too much promises without them understanding the real language of crypto. To me is a game of the wisest, meaning being smart enough could give you lots of opportunities than being just there thinking to make all profits by holding altcoin. I know those who hold for long always engaged their selves with holding bitcoin instead of altcoin. Moreover whatever called memecoin is a pump and dump which I won't encourage anyone to venture into it for long time investment.

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May 23, 2023, 07:15:50 PM
 #5

That's right for these meme coins, it can be profitable for those actual early comers but not those that have been too late for the hype. That's why there are winners and losers on this one because the winners have to eat up the money of those losers and the late ones.
We can't change the minds of those that have been brought up by the hype of these meme coins because they think that it's the only one that can make them rich. But if the time comes and they're the ones who are losing their money, soon, they might realize that everyone who's talking like this are correct.

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May 23, 2023, 07:25:49 PM
 #6

You are make a great point OP, I keep saying if you are not among the early adopters of the coins, It's better to stay clear, As an early adopter, investing 100 dollars will give you so much tokens and when the hype comes, the 100 dollars worth of the token, can give you tens of thousand of dollars. Once the hype comes, it's always risky to invest because more people will dumped and move on

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May 23, 2023, 07:44:28 PM
 #7

Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.

Talking about that, well, in 2019 through 2021, I really made a mess with some of those meme coins and their like, but it seems they are always playing tricks on someone because you can never predict the right token that can pump, and if any investor is buying them, it's never based on certainty. That's why they said altcoins are a means of gambling. I totally made that decision in 2021 through 2022 that altcoins are just a means of gambling. If you are buying any altcoins, always have it at the back of your mind that you are in for two things: either you will make profit if they luckily pump the token or you will face losses of your asset if the token dumps -99%, and it's very unlikely for any token that has fallen by -99% to easily recover, not as if it doesn't, but if they really do exist, it's only a very few tokens. Bitcoin had some very bad downtime in 2011, 2013 A (2013 B), 2017, 2020, and 2021, respectively, but it is still standing and waxing strong.

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May 23, 2023, 08:23:03 PM
 #8

Meme coins are not your regular buy and hold kind of project. They are good for Short-term. One thing I came to understand in memecoins is that you need to act fast especially when the project start to pump really hard.
Memecoins are Short-term basis and require very little capital to dive in and possibly gain more than the  initial investment. It is very risky and can be worth it, as long as you don't put a good amount you are good.

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May 23, 2023, 08:44:00 PM
 #9


What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.


There's always one in the trend coins that will make it big, there's Axie Infinity in the PVE trend, Doge and Inu, and now Pepe in the meme coins, but with so many new trend coins coming it's hard to know who will make it, who'll get a pump early investors Shiba Inu and Pepe coins are so lucky, but there are also who invested in meme coins that became bag holders we really don't know what meme coins will make us a lot of profit, you can either lose a lot of money or make a lot of profit, and I don't think it's a long term investment as people interest come and go.
I'll still go with utility and use case when investing in coins.

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May 23, 2023, 08:50:25 PM
 #10

when I entered this cryptocurrency market, everyone was more focused on bitcoin, and then ETH came and started to give a lot of importance to altcoins and people no longer wanted profits like 2x, they wanted profits above 10x, which in a way was already beyond the norm of an investor and you started to get into the pattern of a gambler and if you ask me: are people wrong when they seek profits of more than 10x? Today I can tell you that they are not, but I must add something very important: investing in meme currency or any altcoin that aims to make a 10x profit? the money that the person puts in must be money that the person can afford to lose, being more specific if the person puts 100$ in a meme coin?

so that person must think that the 100$ is lost, it is very different from putting 100$ in bitcoin that despite the person knowing that he can lose up to 50% in extreme cases, the person knows that he will not lose all the money and will only lose 50 % if you decide to sell, then that's investing, now in the case of meme coins the person can lose everything, this is no different from putting money in games of chance, that's why in my opinion people should only put money that they know that they can afford to lose and they won't miss it, so it wouldn't be very smart to put a lot of money in a single meme coin, it would be ideal to put a little money in many meme coins and then wait to count on luck

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May 23, 2023, 09:10:11 PM
 #11

Shiba inu improved in the popularity of meme coin and pepe has rekindled that fire after its initial success, this has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.

Lovehateinu is an example of a meme coin some website praised but has been underperforming after its listing. People should be aware that meme coin ride in hypes and the size of it's community since most lack a need they satisfy. The poor community of lovehateinu was like a flag that should have shown that the coin isn't going x40.


Pepe success came as a result of its large community and the speculation that it would be listed in binance, now its listed and investor have jumped to another and those doing HODL like they holding Bitcoin are up for a bumping Ride.

What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.


Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.

If your meme coin pumps, it is also a challenge of greed and contentment. Sometimes you need to plan your target gains if you enter a meme coin or else all your unrealized gains can go to zero or worse, loss.

Pepe, shiba, and (should I include it?) safemoon, have big community that is why they have more than a thousand percent gains. If you compare it to lovehateinu, the community is just full of jeets that will just left the community after selling.

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May 23, 2023, 09:34:47 PM
 #12

I agree with OP, when hype happens only early entrants have a good income compared to hype buyers. They don't do research but just follow the hype which can lead to a quick loss before it's too late. Although the coin meme is a cake for the greedy who come first, it is not always a good piece of cake. The stakes are very high for meme coin projects and it's really unlikely that they will succeed. So the choice and investment experience of each person will be different, but at least you should learn before investing in them.
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May 23, 2023, 09:48:48 PM
 #13

There's a big temptation to invest in these memes because of the recent success of Pepe I thought after Shiba the hype will stop but the meme coins keeps coming developers of these memes are creating hype and trend for their meme coins, in the hope of getting the support of the community, but it's too risky because a lot of meme coins are rug pulls and you have to be a very good investor to see what meme coin has a potential to be pump, pump and dump is not healthy for investors.

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May 23, 2023, 09:59:04 PM
 #14

Hype will always be part of every project and with meme token, its normal.
If you got early the better but don’t expect to have more if you are already late to trade. Meme tokens proves to work with the hype and they only become active once the market is getting better, they usually leave when there’s no hype anymore so investing with them for long term will be very risk.

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May 23, 2023, 10:43:29 PM
 #15

It’s pretty much gambling. You either pick the gem or you pick one of the hundreds of scams and shitcoins. It’s kinda funny and sad simultaneously for me how these guys think they can make a lot of money with no research, no precautive measures, just throwing money in the middle of the game out of hype. Investments require responsibility just like gambling does!

Some people have very good imagination and expect things that are impossible to achieve. They go after a $0.001 coin with trillions of coins in supply hoping it reaches $1. How in the world are you even expecting that my man, Bitcoin bately gets to move now and it’s got a beast of a market cap.. why would a memecoin ever do something better than that?
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May 23, 2023, 10:47:42 PM
 #16

it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.

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May 23, 2023, 10:57:55 PM
 #17

These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.
The major source memecoin feeds from is hype, this is what keeps them afloat, right from the Time doge coin blew up all thank to the influence of Elon musk, and the hype that was generated through it. Although doge coin is one memecoin that has still tried to remain solid even though it can reach the height it had reached previously.

Coins like Pepe now seeing some degree of success this is the benefits of FOMO (fear of missing out) created by their community and has captured many pushing them into the project, the negative side of this is that some people would be affected negatively by this in the long run, any project that has not long term assurance should not be a fancy to anyone.
Yup, imagine that a certain meme coin like PEPE did able to hit up a billion cap without having that actual utility or real use case which is something that would boggle up your mind on hows it possible for a certain coin to reach up that point. For someone who do make out that kind of investment then of course you could really make yourself goes into that sayings from rug to riches but it would really be entirely depending if you do hit up the right spot considering that we do have thousands of degens and memecoins in the market which its been created mainly on BSC or ETH or any blockchain platforms on which it is really something
that you could easily make out decisions on which one to choose.

This is why if you could be able to bare up with the risks involved then it would be your choice whether you would risk and invest to it despite on having no real use case or something like that or
you would really be just simply sticking into those coins who are already on top of the rankings and making yourself at least secure.

R


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May 23, 2023, 11:09:22 PM
 #18

Our experience with this market will be different and I would strongly advise newcomers to this market to stay away from projects like this, even for those who have been in business for a long time. If you can't control your greed and the happenings around you, it's easy to get caught up in projects like memes. There will be techniques such as accompanying overstatement of concepts to create fom and most of them have bad intentions, and in an increasingly chaotic environment, equipping basic skills as well as having The experience to recognize poor quality projects will become more and more necessary for each person.
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May 23, 2023, 11:23:02 PM
 #19

As a close friend, when entering this market, you must learn to avoid hype and speculation. While it is true that coin memes are for many people an attractive and quick way to get rich, controlling them is really difficult for newbies, even experienced ones. You have to understand what they really are and set just enough profit expectations for yourself. In general, don't follow the hype and don't over-invest in the coin meme.

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May 23, 2023, 11:29:23 PM
 #20

As a close friend, when entering this market, you must learn to avoid hype and speculation. While it is true that coin memes are for many people an attractive and quick way to get rich, controlling them is really difficult for newbies, even experienced ones. You have to understand what they really are and set just enough profit expectations for yourself. In general, don't follow the hype and don't over-invest in the coin meme.
Exactly, hype will not always be positive in investment and even following hype can cause you to get trapped in investment scam coins, meme coins are not as popular as the previous meme coins even though 2 new meme coins have been listed on binance, but still meme coins are high risk In investing, don't speculate too much on meme coins and focus on investing on top coins because the price is still low in the current market.

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