Are memecoins tarnishing the image of crypto?

[Japinat]

For most of us meme coins are damaging the image of crypto but if we look into it deeply, no they are not. They're just making the crypto market more exciting and quite more risky to invest knowing we can be in profits all of a sudden or we can lose all our funds instantly.

[1714883262]

1714883262

[1714883262]

1714883262

[1714883262]

1714883262

[1714883262]

1714883262

[jeraldskie11]

Well, a lot of us are being warned to avoid meme coins because they can be dangerous for our funds. But why do all of a sudden those who invest for dogecoin and Shiba Inu way back then have experienced maximum profits even more than they can imagined. That is why I don’t see them as tarnishing the image of crypto. If there would be any, those are the people who only invest for crypto as a get rich quick and then turn their backs on them when  they are already on the position of losing.

Dogecoin and Shiba Inu investors that diversify their investments are the ones who are profitable. They have too many cryptocurrency investments, and fortunately two of them is dogecoin and shiba inu. Meme coins are incredibly dangerous, but if you invest in the right one early on, you might make up to a thousand times as much money or more. So, the "hype" is what will tell us which meme coin has promise. As an illustration, when Elon Musk pushed the Doge coin, the price increased significantly as a result. Moreover, shiba inus. Large investors are also looking for the kinds of projects to invest in that can have an enormous effect on the price if they acquire early.

[Fara Chan]

Of course 95% of memecoin are scams now and the ones that are still alive are floating in the sea because they planned that in a bull market investors of their project would increase. Also you will find some good memecoin that entered the crypto market a long time ago and their investment community is very strong now so if you like memecoin then invest in those older meme coin.

From several facts that have been seen in the past or at the time when more memecoins started to appear, I also thought like this that there were very few good memecoins and there were only a few because these memecoins were already supported by their investment community. Old memecoins are much more famous than new ones so there will definitely be more competitiveness in old memecoins because new ones cannot compete when they enter the market due to very few enthusiasts.

Also i think it's risky for new investors to invest whether it's memecoin or any other new coin. It is very tempting for new investors to come in because they will just jump at the profit.
On the other hand the reputation of crypto investment is alive because there are many ways and types of investment so it is not only dependent on memecoin.

I also consider memecoins to be just a joke and nothing more than that, because if for example I had to choose a memecoin to welcome a certain moment, I would not hold onto it for long and would even be quicker to let it go if I had made a profit. And what new investors do in memecoin is also not wrong, because they often prefer to let it go when they see the profits from the memecoin they own. Because memecoins are not suitable for holding for long periods.

[Out of mind]

There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.

[Awaklara]

There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.

Most beginners join trading signal groups or investment groups on social media. Memecoin is very quickly popular in that way. get a lot of investors and then they destroy their hopes.
I think it's not just beginners who are involved, those who are experienced and really like the short profits offered by the memecoin project are the attraction. the problem is that they put their money into the right projects or just cast their net across a few projects. and hope that some or one of them will provide big profits.
However, we can only analyze to the extent of our abilities, and after that, we will not know what happened to the memecoin project.

[Russlenat]

I think just looking at the name and token/coin category it is already a project that doesn't look serious. But it turns out that there are also many projects that are developing very well. Like Doge and Shiba. So Memecoin is a memecoin. So beginners must realize that sometimes memecoins are not created to continue to grow. It's just that memecoins sometimes just rely on hype or involve pumping and such. So no need to expect much. The presence of memecoins has actually given a different color to the diversity of altcoin types. And I think that's a good thing for those who understand that.

Meme coins might not actually look impressive and profitable just like bitcoin but if these coins will suddenly hype because of a huge influencer, then expect that these type of coins no matter how dangerous they are, they will instantly boom and give us excellent profits. That’s what happened to Dogecoin and Shina Inu. But remember, never expect too much from meme coins as they can be deceiving at some point. They can give you instant huge profits but they can also make your pocket empty. But if you know how to diversify your coins, I’m pretty sure you will never experience some unmanageable losses.

[Yamifoud]

There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.

Not just newbies but everyone must take extra caution when investing. Scam projects don't just point out meme coins because they are even known and old coins turn into scams, can't forget about Terra Luna?

Meme coins like Dogecoin, Shiba Inu, and Pepe coin make another hyped history in the crypto market to gain attraction and meme coin investors. Although we can say that a lot of investors lost their money from these projects, we can't deny the fact that early investors become rich as well. Actually, whether it was meme coins or even in known coins in the market, we can still lose our money if we can't timing the market and much more if we are impatient.

[jasonjm]

Well, I think the meme coin gives the crypto market a boost because of the hype and ROI and attracts many more potential investors to the crypto market. On the other hand, because of these coins, people think that crypto is fake money. Meme coins get a reputation because of DOGE's success as a meme coin. However, the price of DOGE was increasing due to Elon Musk's tweet. This has somehow influenced people to invest in more meme coins to earn more money. At the end of the day, some people are getting rich while others are losing their money. Meme coins are turning out to be scams, but still, people are investing their money into shit coins because of the hope that someday they will make a quick profit. Whales are making a profit from these projects, while retail investors are losing their money because of their greed.   

[TheSpiral]

Meme coins have amazed a lot of investors due to its surprising potentials. People may be thinking that once a meme coin, then it’s something to be avoided so as not to end up losing. But it has proved its own worth and made those investors experienced massive profits. So if we analyze it well, meme coins do not tarnish the image of crypto. It’s even a good promotion for crypto market to become more recognized due to the hype about dogecoin.

Some of Meme coins were profitable and productive in past due to which they are spreaded as a successful coins in crypto world but most of the time there are higher volatility in the price of Meme coins as a result of which they completely loss their values.

In crypto space there were many scam coins in which investors put money and all their money become zero so this is also a reason that why most of people are not trusting Meme coins.

Whenever someone tweets about the unpredictable price of Meme coins or about its failure then it directly effects the worth of Meme coins which means that we cannot sustain our investment in meme coins as it losses its values as a result of fault discussions.

[Jatiluhung]

For most of us meme coins are damaging the image of crypto but if we look into it deeply, no they are not. They're just making the crypto market more exciting and quite more risky to invest knowing we can be in profits all of a sudden or we can lose all our funds instantly.

There are indeed positive and negative sides to the presence of memecoins in the altcoin crypto market. It's just that the existence of memecoins really adds color to the diversity of altcoin types. Currently, the types of altcoins are very diverse. And actually what always leads the rise quickly and also leads the decline so quickly is Memecoin. Memecoin is the most risky altcoin compared to other types of altcoin. It's just that many people actually like Memecoin because they can make a quick profit when the Memecoin is pumped. But of course the risk is also much higher because it always declines quite quickly. But Memecoins like Doge, Shiba, and Pepe. It seems that this memecoin has gained more trust from the community. So the price can be maintained longer after the increase.

But memecoins are however only suitable for short-term investments or for medium-term trading. That is, enter when the hype starts and leave when the hype is over. So never hold it for the long term because the risk is too big. But for Doge and Shiba, currently the number of holders continues to increase. Because even though Doge and Shiba are memecoins. But Doge has its own blockchain and Shiba also has projects that are continuing and getting better. Even more active than other types of altcoins. So Shiba and Doge might be an exception. Because the market cap is very large. So it is difficult for a sudden sharp decline to occur.

[rozak]

Well, I think the meme coin gives the crypto market a boost because of the hype and ROI and attracts many more potential investors to the crypto market. On the other hand, because of these coins, people think that crypto is fake money. Meme coins get a reputation because of DOGE's success as a meme coin. However, the price of DOGE was increasing due to Elon Musk's tweet. This has somehow influenced people to invest in more meme coins to earn more money. At the end of the day, some people are getting rich while others are losing their money. Meme coins are turning out to be scams, but still, people are investing their money into shit coins because of the hope that someday they will make a quick profit. Whales are making a profit from these projects, while retail investors are losing their money because of their greed.   

The hype created by coin memes is extraordinary. when it exploded it made quite a lot of beginners jump in to join in investing. the memecoin market seems to be driven by their own market community. those who have more coins can manipulate prices easily. although currently, more memecoins end up being scams or without development. however, we can see they are growing their community quite quickly. even with the airdrops carried out, it managed to build a fairly large community. although we also don't know the market strength.

[Learn Bitcoin]

Every day, thousands of memecoins are launched, and unfortunately, around 95% of them turn out to be scams. This scam epidemic is affecting many people, especially newcomers who lack experience and are more vulnerable to such scams.

The issue arises when newbies join the crypto space and fall victim to these scammers, leading them to blame all of crypto as a scam.

There are millions of cryptocurrencies, according to the coinmarketcap; how many of them have succeeded so far? Anyone can create a token by pasting a few lines of code and spending a few dollars. That does not really mean people have to start buying these tokens. Almost all the token that was created in the BSC and ERC is centralized.

Centralized = Scam. How? Let me explain. If a token is centralized and it's a developer can change the total supply anytime, they can increase or decrease the token prize, which is manipulation. Once they see their token bought by a couple of crypto holders, they will increase the token supply and sell their own holding. Now users have tokens, but the value is zero.

[Huppercase]

Well, a lot of us are being warned to avoid meme coins because they can be dangerous for our funds. But why do all of a sudden those who invest for dogecoin and Shiba Inu way back then have experienced maximum profits even more than they can imagined. That is why I don’t see them as tarnishing the image of crypto. If there would be any, those are the people who only invest for crypto as a get rich quick and then turn their backs on them when  they are already on the position of losing.

Have you imagine how many people that has lost money during the course of making money from shiba Inu and the likes of other meme coins at all time high simply because they want to make money in the same way other people who first started? Check again, I can assure you that there are no any investors that bought meme coins since January 2022 that are in profits to date, the ones that bought from November 2022 are likely in profits but its just few of them and thats was when the market bottom out.

Let's be honest for the first time and say the truth, only few of them has survive, meme coins are shit coins that we are not suppose to exist, they are meme which means fun and are we suppose to invest in fun with our hard earned money, it's a no for me but you know in this space, only few people want to listen, the rest are sheep that are hungry for money and will go to anywhere they are told to go and after they lost money, they cry for been played in crypto but will never listen to the warnings.

[freedomgo]

There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.

Most beginners join trading signal groups or investment groups on social media. Memecoin is very quickly popular in that way. get a lot of investors and then they destroy their hopes.
I think it's not just beginners who are involved, those who are experienced and really like the short profits offered by the memecoin project are the attraction. the problem is that they put their money into the right projects or just cast their net across a few projects. and hope that some or one of them will provide big profits.
However, we can only analyze to the extent of our abilities, and after that, we will not know what happened to the memecoin project.

Right. Even experienced traders take some risk with meme coins hoping that once they pump a lot, then those coins will instantly become hyped and increase their prices all of a sudden, making them instant rich if they decide to sell. But I think history might not repeat itself anymore. Their golden days have gone already and it might take another highly recognized influencer to make them pump again.

[irhact]

Well, a lot of us are being warned to avoid meme coins because they can be dangerous for our funds. But why do all of a sudden those who invest for dogecoin and Shiba Inu way back then have experienced maximum profits even more than they can imagined. That is why I don’t see them as tarnishing the image of crypto. If there would be any, those are the people who only invest for crypto as a get rich quick and then turn their backs on them when  they are already on the position of losing.

Many individual are using the success of Shiba Inu and doge coin to invest in other memecoin that won't become successful like doge coin and Shiba Inu did by giving their investors profits. Memecoin has brought a bad name to the market because everybody now wants to invest in them as they have the high chance of giving investors profits and this is making scammers to create multiple tokens to scam investors and call them meme coins because that's what investors are chasing after.

Memecoins are making the market too volatile and this is chasing away institutional investors as they won't want to invest in a market they can't have some influence over. Memecoin are making investors interested in getting rich quick and causing alot of scam to be created.

[Captain Corporate]

Depends on how the market approached it, the recent stuff really makes it even worse these days. Back when Doge first started we used it to help a lot of good causes with it and that made sense, but pepe? Really? Pepe? Thats of course terrible. But we do not have to take responsibility for it at all, that doesn't make sense and we shouldn't be really considering that as our problem. If people do not like it then they do not like it and that's going to be fine in the end. I get that some people may lose ton of money due to these shitty stuff but its their own fault and nobody else's problem. We should be just considering that as a normal situation for people who do not make their research.

[milewilda]

There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.

Not just newbies but everyone must take extra caution when investing. Scam projects don't just point out meme coins because they are even known and old coins turn into scams, can't forget about Terra Luna?

Meme coins like Dogecoin, Shiba Inu, and Pepe coin make another hyped history in the crypto market to gain attraction and meme coin investors. Although we can say that a lot of investors lost their money from these projects, we can't deny the fact that early investors become rich as well. Actually, whether it was meme coins or even in known coins in the market, we can still lose our money if we can't timing the market and much more if we are impatient.

Yup, that's very important.

Patience is the key together with deeper research and good understanding with a project that you are targeting to use as an investment
medium. It's more about how you balance both the risk and the opportunities that you can earn.

With good understanding, either meme asset or real project, timing is the key, short or long either way you can earn possible benefits.

Easy to say but when you are on such situation then decision making would really be that hard or something that cant really be that really be done so easily and this is why people would really be keeping those errors because they are really that being hindered with some factors which would really be mixing up their initial thoughts and the plans that they had made out earlier. This is why it would really be that important that if you are really that planning to make investment then always be having that kind of acceptance of the risks that you are dealing or taking. Always be that adaptive so that you wont really be making yourself that impulsive because on the time that emotion would kick in then everything would really be messed up because earlier plans wont really be followed on which created by another new one. What makes even more harder is that due to lots of coins that we do have in the market then it wont really be that so simple but if you do stick simply into those top ones then it would solve out the problem but since we are really findings ways on making
more money then this is where we do consider on investing with other coins neither other altcoin or some memes.

[TelolettOm]

For most of us meme coins are damaging the image of crypto but if we look into it deeply, no they are not. They're just making the crypto market more exciting and quite more risky to invest knowing we can be in profits all of a sudden or we can lose all our funds instantly.

We can't deny that meme coins ruins the image or popularity of crypto investment. It is because meme coins make many people lost huge amount of their money. Meme coins is just pump-dump coins that relies on the hype only, this makes people think if crypto investment is just like gambling. In reality, it is different with gambling if we choose the right coins (coins with good fundamentals). People who lose their money in meme coins are not aware that meme coins are the coins with no fundamentals. They think all the coins in crypto are the same, they don't know if crypto coins have some type of crypto coins. Sadly, when they got losses in meme coins, they judge all crypto coins have no clear fundamentals like meme coins.

[irhact]

We can't deny that meme coins ruins the image or popularity of crypto investment. It is because meme coins make many people lost huge amount of their money. Meme coins is just pump-dump coins that relies on the hype only, this makes people think if crypto investment is just like gambling. In reality, it is different with gambling if we choose the right coins (coins with good fundamentals).

There's no good coin with the right fundamental because all altcoins will pump and dump and when you're not lucky and buys when the project is about dumping you'll lose but when you buy when the coin is about pumping, you'll make profits and call the project good names. The only coin you can buy and have assurance that it'll rise in the future when the market because bullish again is Bitcoin and the rest are for pump and dump just like the memecoins.

Nobody force anybody to buy the memecoin and from their names, everybody investing in them should know they're joke coins that can make you profits or make you to lose everything that you invested into them that's why it's better you use only little amount to invest.

[DaMut]

the capacity and pace of quick profits that memecoin presents make it seem very attractive for many people. who dosent want to make money quickly? almost everyone and in this case you might just invest little money and make a huge sum of money in return. everyone investing in such should be aware of the risk involved and how volatile it can be which is even same to seemingly real project. In the days of ICOs, there are also scams and even a lot so i don't think its  the memecoin that will tarnish the image of crypto. Especially as  a newbie always remember that you should always invest what you can afford to lose.