Memecoins Vs legit Altcoins in 2023

[JeffBrad12]

now the aftermath of the meme coin hypes as you can see majority of them instantly losing their value, where is the coin that was populating arbitrum now is nowhere to be seen not even discussed that heavily as it was in the past.
its just goes to show that a meme coin could hardly persists for so long. at best their trend are short lived if you could take advantage of that you could easily get some good profit from the speculation that you've made but should also know not too long holding meme coins they are just bad for that purpose thats why investing in fundamentally strong and legit altcoins is necessity.
after all sometimes you just need to hold for long term to get through the current bearish.

[wxa7115]

now the aftermath of the meme coin hypes as you can see majority of them instantly losing their value, where is the coin that was populating arbitrum now is nowhere to be seen not even discussed that heavily as it was in the past.
its just goes to show that a meme coin could hardly persists for so long. at best their trend are short lived if you could take advantage of that you could easily get some good profit from the speculation that you've made but should also know not too long holding meme coins they are just bad for that purpose thats why investing in fundamentally strong and legit altcoins is necessity.
after all sometimes you just need to hold for long term to get through the current bearish.

Regardless of the claims of scammers there are limits to how high a coin can go up if it only relies on its hype and in the greed of people.

At some point those that are smart, if we can call smart someone that invest in a coin with no value at all, realize things are slowing down and a crash is inevitable, and in that case they might as well just cash out right now and realize their profits, and once enough investors begin to do this the price of the meme coin goes down and that is when panic strikes and massive losses are incurred.

[cheezcarls]

Memecoins are only designed for short-term gains but the risks are very high compared to the legit altcoins with utility and actual use cases, fundamentals, etc.

These memecoins come and go. They were only made based on the latest trends. Like X for example where it was formerly known as Twitter. Some have started creating memecoins based on that trend.

They will be doing some pre-sale stages to their investors before getting listed in DEXs. But in the end, the gains did not last long where it was averaging just a couple of minutes (or more if lucky) before the gradual dump (and rug) begins. The rest who bought at the top before the dump or rug would be left behind.

Legit altcoins that are being launched may not have the same hype as the memecoins, but the long term outcome would be something worthwhile even without any promises or guarantees at all.

[Ziskinberg]

At some point those that are smart, if we can call smart someone that invest in a coin with no value at all, realize things are slowing down and a crash is inevitable, and in that case they might as well just cash out right now and realize their profits, and once enough investors begin to do this the price of the meme coin goes down and that is when panic strikes and massive losses are incurred.

Then late investors ended up investing their money at loss. Sad to say but this is really happening multiple times as we can see many greedy people think that investing in hyped projects makes them right without knowing the risk awaits and if you are not smart, you can never make money from them.

If I were into holding, then buying legit altcoins is the best idea. But we can join the hype projects as well as long as we know how to play the game.

[Hispo]

I personally think that all this depends much on what a person considers a memecoin or a legit project actually is.
For example, Dogecoin has conceived to be a meme coin (a joke or parody of the crypto environment) all about Dogecoin was ironic at the beginning, but with time it actually turned into a legitimate project with millions of followers and holders, many of them are not in ironically.

On the other hand, there have been projects which were supposedly conceived as serious projects which were supposed to change the world with their innovation, but ended up just being meme coins and failing catastrophically to their investors, who were not looking to gamble with their money on memes, but to go for a serious project. That was the sad story of what happened to Terra Luna; it was a blue chip, top altcoin and it only took a couple of days for it to be a meme/shit coin.


The lesson of those cases to always to be responsible with one's money when comes to alt coins.

[Romeotom]

For low price i can buy lot of coin so that's why i want meme coin now. I want buy some meme coin in the future bull market but not like now. If one meme coin will make hype by spreading 10x profits then i can make big profits. Although many people avoid meme coin because lot of risk in meme coin and they can away out of market at anytime.

[iv4n]

I think we should be free to explore crypto and search for the best alts that can give us profit or give us some entertainment, depending on what someone is looking for. I wouldn't compare meme coins with exchange or casino-based coins, or alts that have their own chains... the crypto world is getting bigger and we have so many new projects around, most of them are scams or simply bad projects, but every now and then we have some good project that is here to stay and make some progress.

So it's on us to choose the best one, or at least to try for that, without risking too much of course. Never get to exposed when getting into new projects, friendly advice.

[Cadaver20]

Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.

[Magic-Money]

Many people are now investing in Meme Coin base on the research, which the hype is something else, when invest legit meme coin's trending it gives huge return profits, and ever since Elon musk promote DOGE Coin, Meme Coin open people eyes, like wise Shiba Inu that surprised many people in the crypto market. So they are legit meme Coin One need to invest on, while waiting for next Bull Run. Personal research is the best to invest in Alt-coins.

[cantruang8h1]

Because investors want to put in a small amount of capital to gain significant profits. Memecoins will continue to exist until there are no longer any investors interested in them.

[carlisle1]

Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.

It's all about the timing and how good you are in riding with the hypes, without any knowledge better to stay away
with meme projects and continue to do your research with solid and good alt projects.

Like what you have said, meme gain interest when Musk starts pushing the value of Doge and create hypes inside the market, from that
sparks. People start following the trend keeps an eye on new versions of asset that will be experience the same interest and hypes.

[OrangeII]

Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.

yes, people are making quite a fortune from memecoin, and people are also enthusiastic about short investing, so it's likely that many developers are racing to make meme coins to profit from the meme coins hype. While we know that investing in popular altcoins is much safer, people are willing to take risks with meme coins, even with enough cash to make a quick profit.

[wxa7115]

Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.

yes, people are making quite a fortune from memecoin, and people are also enthusiastic about short investing, so it's likely that many developers are racing to make meme coins to profit from the meme coins hype. While we know that investing in popular altcoins is much safer, people are willing to take risks with meme coins, even with enough cash to make a quick profit.

And they are rushing to create those coins not because they are difficult to create but instead because it is incredibly easy to do it, so they know that every hour they delay the release of their meme coin then they will have more competition to get the attention of traders and investors.

Unfortunately this means that we get flooded with meme coins, every single one with the same promises about going to the moon soon and every single one just as useless as all the meme coins that appeared on the past, but for some reason this does not bother their potential investors and instead they seem happy to invest in a useless coin.

[bettercrypto]

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
 It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

We are all aware that the Pepe coin is the wildly popular moniker for a meme coin in the cryptocurrency sector this year, 2023. This raised millions of dollars in the cryptocurrency market quickly. The Pepe coin incident gave hope to other meme coins as a result of this episode.

You can see that Elon Musk isn't advertising it and that he hasn't made any tweets regarding Pepe Coin. Contrary to Dogecoin and Shib Inu, however. that without discussing Doge or Shib, the value won't rise.

[Godday]

Unfortunately this means that we get flooded with meme coins, every single one with the same promises about going to the moon soon and every single one just as useless as all the meme coins that appeared on the past, but for some reason this does not bother their potential investors and instead they seem happy to invest in a useless coin.

I don't like meme coins because they cause harm to many people and only a few people get lucky. And that's usually the people around the founder of the meme coin. Investors who still invest their money in meme coins are new investors who do not know that they have been cheated. I think investors who have invested there will not repeat the same thing.

[honglu69]

Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.

[PIMPdev]

Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.

I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.

[abel1337]

Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.

I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.

With the spread and creation of meme coins everyday, it's no longer fun as people treated it as an actual investment and practically hoping for it to make them rich as quick as possible. It's no fun anymore. I remember the days where I am receiving DOGE as a tip by being active on an exchange public chat. I'm happy with the small gesture of receiving some kind of token from random persons I don't really know. Today, it's hardly to experience that since everyone thinks that these memecoins will have a value and make them rich LOL.

[honglu69]

Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.

I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.

With the spread and creation of meme coins everyday, it's no longer fun as people treated it as an actual investment and practically hoping for it to make them rich as quick as possible. It's no fun anymore. I remember the days where I am receiving DOGE as a tip by being active on an exchange public chat. I'm happy with the small gesture of receiving some kind of token from random persons I don't really know. Today, it's hardly to experience that since everyone thinks that these memecoins will have a value and make them rich LOL.

Yes or no to some degree.  I have noticed meme content of dogecoin changed over the years.  In the early days, yes,  tip was big part of doge, but doge got hacked on tip wallet as I recalled years ago.  Today, doge is mainly Elon's meme coin and also an important liquidity coin because many small exchanges still have doge trading pairs for many other smaller crypto coins.

Each meme coin has different nature of fun part. I am now also into Cheetahcoin, which is mainly a crypto mining fun on sha256.  I get lots of fun when I see my USB  gekko devices get CHTA coins everyday, some times millions of jack pot mining reward in one day once in a week or 2.  That is lots of mining fun on that.  

Meme coin violent nature of trading price speculation of course is unavoidable nature of this kind of coins. but certainly there are funs on mining, trading, payment, wallet etc pierce of crypto experience where meme coin holders do not have to pay a lot for principal, nor to pay a lot for fees for those kind of whole level crypto experience.

[JeffBrad12]

Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.

I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.

that is the exact reason why meme coins sells like a hot cake sometimes though some people just wanna have fun speculating and meme coin perfecty serves that purpose, there's reason why it's called shitcoin because its pure speculation but thats the essence that many are seeking, basically everyone just want to turn their money fastly by betting on these meme coin which is perfectly fine since i'm sure they all know the risk accompanying this coin investment.

if not for that characteristics of meme coin then I doubt meme coin could get this far, remember sometimes entertainment brings more profit than utility.