Are memecoins tarnishing the image of crypto?

[Nazmul012]

Its true that memecoin tarnishing the real face of crypto but memecoins aren't only responsible. If you analysis last 6/7 years chart, memecoins weren't so much in trend but there were shitcoins and those were also launching and scamming people as same way as memecoin do. You'll find thousands of shitcoins projects who sold their token in ico and never listen.. then when IEO came, team withdrawed all liquidity and scam people. And then defi did the same. And now memecoin doing so. So why only blaming memecoin? There are and there will be always shitcoins which will keep launching in future too. All Crypto industry won't be responsible for that if you choice shitcoin. So need to invest wisely

[dunfida]

Its true that memecoin tarnishing the real face of crypto but memecoins aren't only responsible. If you analysis last 6/7 years chart, memecoins weren't so much in trend but there were shitcoins and those were also launching and scamming people as same way as memecoin do. You'll find thousands of shitcoins projects who sold their token in ico and never listen.. then when IEO came, team withdrawed all liquidity and scam people. And then defi did the same. And now memecoin doing so. So why only blaming memecoin? There are and there will be always shitcoins which will keep launching in future too. All Crypto industry won't be responsible for that if you choice shitcoin. So need to invest wisely

No, they arent tarnishing literally- it is really that into those scam developers are the ones who are really that making that kind of bad views towards projects that been launched but as we do all know that in every industry or things online there would really be always that kind of probability about those frauds and scams on which i could say that it is really that inevitable. When you do step your foot into this space then you should be that making yourself that getting used to those projects whether meme coins or with those degens. It would really be just that depending on a certain individual whether they would really be that making themselves that making such involvement or investment just because with those kind of hopes on getting that huge profits once those projects will really be that pumping hard but we do know that this is really that case to case basis and a little bit mix of luck. There 's no way that you could assure that it could happen.

Scams and frauds are normal because we are talking or involving money on here. Even into those traditional markets which isnt that talking about crypto is experiencing frauds then how much
more that we are talking about millions of dollars that are circulating on this space? of course you would really be able to expect that there would really be those scammers on which these are always present.
So better be careful.

[GideonGono]

It is not just meme coin, scam projects are also tarnishing crypto currency.
Cryptocurrency has always been connected to or been accused of being scam because of those projects.
For me if an investor or trader falls victim of those scam projects or failed altcoins, it was their fault for not doing a proper research.

[batang_bitcoin]

It is not just meme coin, scam projects are also tarnishing crypto currency.
Cryptocurrency has always been connected to or been accused of being scam because of those projects.
For me if an investor or trader falls victim of those scam projects or failed altcoins, it was their fault for not doing a proper research.

We are on our own on this market whether you invest on memecoins or not, you have to be dilligent before doing it. Because it is your money that you are managing and you don't work for someone unless that is the setup you have for you to earn and invest on the market.
As always been told to DYOR. Everyone has been reminded to always do our research because if not, you're likely to fall into scams and many of the memecoins have been made mainly just for quick money of the developers so as the investors know that as well, they're trying to do things and ride on it while the hype is there.

[OrangeII]

It is not just meme coin, scam projects are also tarnishing crypto currency.
Cryptocurrency has always been connected to or been accused of being scam because of those projects.
For me if an investor or trader falls victim of those scam projects or failed altcoins, it was their fault for not doing a proper research.

However, there are many things that make crypto tarnished, especially scammers who try to deceive new investors with meme coins, or projects that offer large investment profits. However, for people who have been in the crypto world for a long time, I think we are all used to this situation. However, for new people joining, I think it will influence their views, and spread their views to other lay people. This creates an effect like what is happening now in many people, who think that bitcoin or crypto is a scam and fraud.

[blckhawk]

To the eyes of the haters, crypto has been tarnished a long time ago and I don't think that meme coin is going to make anything much worse because they won't even care to know the most basic cryptocurrency out there because they find it disgusting or that they still have this notion that cryptocurrency is an implement for someone to do a crime like tax fraud, illegal trade, smuggling, money laundering, and any other archaic problems that were already a thing that's been thrown at bitcoin a long time ago. I wouldn't even think that meme coin is a tarnishing thing for crypto's image, imagine the fact that it basically bears the symbol of how a useless token can make someone a millionaire is already a big reference to early days of crypto where everyone thinks that crypto is useless and then things change for those that were taking the risk.

[pusaka]

It is not just meme coin, scam projects are also tarnishing crypto currency.
Cryptocurrency has always been connected to or been accused of being scam because of those projects.
For me if an investor or trader falls victim of those scam projects or failed altcoins, it was their fault for not doing a proper research.

However, there are many things that make crypto tarnished, especially scammers who try to deceive new investors with meme coins, or projects that offer large investment profits. However, for people who have been in the crypto world for a long time, I think we are all used to this situation. However, for new people joining, I think it will influence their views, and spread their views to other lay people. This creates an effect like what is happening now in many people, who think that bitcoin or crypto is a scam and fraud.

There are many reasons why cryptocurrency's good name is tarnished, one of which is memecoins and scammers as you said. Of course, this becomes a thorn in the tender flesh, because they also want to profit from this cryptocurrency, but the path they take is wrong.
Focusing on memecoin, on the one hand, the existence of memecoin has tarnished the name of cryptocurrency because many people are getting to know crypto for the first time and investing there and they immediately suffer losses. But on the other hand, the existence of memecoins also attracts many people to learn more about crypto, for example in my area many people are finally interested in crypto because they see people making big profits from memecoins.