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Author Topic: Why we need to buy meme coin?  (Read 1889 times)
Jocuserious (OP)
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August 19, 2023, 06:14:04 PM
 #1

Because
Sleep dreams that the tendency to suddenly become rich Cry

This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience. They are coming to the market only to grab the investor capital completely.
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August 19, 2023, 07:35:05 PM
 #2

There are over 26000 altcoins. You can look at the coin marketcap from 2500 coins and see how almost all altcoins are shitcoins. Even before the 2500 coins are also shit coins.

Generally most altcoins are very risky and not advisable to buy, not only just the meme coins.

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August 20, 2023, 11:11:48 AM
 #3


Altcoins can be considered as risky and meme coins are riskier and it is because of many of the meme projects in the past and even up to now will just evaporate into nothing leaving trusting and naïve investors behind wondering what happened. However, because there can be a few successful meme coins, people are persuaded that they should be looking for that next big, shining meme coin and make a x1000 killing with the tokens they receive for the money they throw to developers or promoters of the project. And this story will not stop in 2023 all because in 2024 there can be new meme coins to take a good hoard of money from the market. We have become hopeless and addicted to meme coins!

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August 20, 2023, 02:06:03 PM
 #4

Because
Sleep dreams that the tendency to suddenly become rich Cry

This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience. They are coming to the market only to grab the investor capital completely.

All the blames is on Elon Musk, Doge is just a meme coin when he shills it to the community, it creates a huge noise Dogecoin became the most talked about and the most hype of that period from then developers tried to imitate the success of Dogecoin, and they succeeded on some meme coins like Shiba Inu and Pepe coin, but I doubt these meme coins are created to last like all the top coins in the market.
Right now many investors are losing their money only the creators and developers of these meme coins are making money, The time will come when people will get enough of these meme coins, hopefully, it will come sooner, We need more innovative coins, not Memes.

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August 20, 2023, 02:16:40 PM
 #5

It's not a compulsion to buy a meme coin but if you don't, you'll be missing a lot both financially and being a part of the community. Unlike other coins with huge promises and plans, meme coins are simple, community driven and fun way to come together. If chosen correctly, they can make you rich overnight.Take an example of pepemo itself, being a successor to famous pepe coin, it has if not larger, a comparative community with daily participation.

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August 20, 2023, 02:33:22 PM
 #6

the urge to invest in meme coins is from the fact that there has been quite many media that trying to show how some random people could get massive money just by investing in meme coins which I believe is getting taken advantage of by some shitcoins devs to generate flow of investment towards their shitcoins.
there's no reason for investing in meme coins other than pure speculation, there's no underlying fundamentals, rarely utility towards the coin itself.
but the general audience of these meme coins are those that are really craving to become rich, they want to invest $100 and turns it into $100,000 which of course most of them flops, but they'd still try it regardless.
its like lottery where some people are trying to buy the tickets consistently hoping someday they'd become the chosen ones, they just don't know that the other hundred thousand of people out there are also hoping the same.

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tokyohd
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August 20, 2023, 03:10:34 PM
 #7

People choose to purchase meme coins for a variety of reasons, but one of the primary motivations is the potential for big profits with little investment. If meme coins give profit, then it gives very big profit. Meme coins often experience rapid price fluctuations driven by social media trends, online communities and hype. This can lead to significant profits if an investor buys at low prices and sells when prices rise due to increased demand.
However, it is important to note that investing in meme coins is extremely high risky!

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August 20, 2023, 03:16:02 PM
 #8

There are over 26000 altcoins. You can look at the coin marketcap from 2500 coins and see how almost all altcoins are shitcoins. Even before the 2500 coins are also shit coins.

Generally most altcoins are very risky and not advisable to buy, not only just the meme coins.

Its true people are buying memecoins like playing in the casino...
I am of the opinion that even shitcoins or memecoins have still helped the marketing of bitcoin.
These crypto allowed many people to get in touch with this new technology linked to the blockchain and after being screwed... they start study the sector better and start using Bitcoin Roll Eyes

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August 20, 2023, 03:27:04 PM
 #9

People choose to purchase meme coins for a variety of reasons, but one of the primary motivations is the potential for big profits with little investment. If meme coins give profit, then it gives very big profit. Meme coins often experience rapid price fluctuations driven by social media trends, online communities and hype. This can lead to significant profits if an investor buys at low prices and sells when prices rise due to increased demand.
However, it is important to note that investing in meme coins is extremely high risky!
Of course it's a one in a thousand chance of getting "rich" with just small profit. Not every meme coin has the same chance of getting big and majority of them just dies because of lack of attention to the community and the market. It is because of a ton of meme coin in the market, there are a lot of meme coin on the market already and it is increasing day by day. It is also known that meme coins are just shitcoins and crypto investors that wants to put their money on real project absolutely won't invest on meme coins having the less chance of meme coins getting a traction on their project. The trend is what makes other meme coin fetch a high price before but today, it's obvious that meme coins isn't a trend anymore.

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August 20, 2023, 05:42:26 PM
 #10

Well, I think the title of your thread should be the negative form of the sentence: "Why we don't need to buy meme cojn?", as you presented good reasons why investors should avoid investing their funds in memecoins.

Indeed, these are risky investments which don't bring any solid potential of profitability on long term, as they rely solely on hype to make progress and not on real usecase for adopters. In other words: you have to be lucky to invest in memecoins and make profit. It's a kind of lottery where early investors profit and late ones lose money to the first group.

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August 20, 2023, 08:19:32 PM
 #11

ı dont buy memecoin, shiba,doge,floki

ı was buy neurai xna
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August 20, 2023, 08:37:47 PM
 #12

Well, I think the title of your thread should be the negative form of the sentence: "Why we don't need to buy meme cojn?", as you presented good reasons why investors should avoid investing their funds in memecoins.

Indeed, these are risky investments which don't bring any solid potential of profitability on long term, as they rely solely on hype to make progress and not on real usecase for adopters. In other words: you have to be lucky to invest in memecoins and make profit. It's a kind of lottery where early investors profit and late ones lose money to the first group.

I agree with you, especially with your headline suggestion. He gave us a reason to not buy meme coins, at least for people who wish to invest in some meme coins.

I think that it's not all about investing and earning as much as possible... that part is very important, of course, but there should also be some support for something without the need for profit. Simply said, we use some coins because we like what we can do with them, and in that way, we become part of that community and we support that project. So maybe the answer to OP's question from the headline can be "Because we wish to have some fun".

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August 20, 2023, 09:43:29 PM
 #13

Because
Sleep dreams that the tendency to suddenly become rich Cry

This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience.
Everyone knows what meme coins are. The thing is people look at it as a quick profiting coins and that's why everyone is hunting whatever coins they wanna hunt.

They are coming to the market only to grab the investor capital completely.
And the majority of the investors are playing it naive in that they don't wanna think that they're being fooled because they've made a lot of money. When you're done and made a lot of profit already, that's when you have to stop and don't get into it unless you're willing to do it again and you're going to take the risk again that you know that could get you wrong and make you lose eventually. There's really no need to invest into meme coins but can't stop the people that have been on it ever since when they started coming from Dogecoin to Shiba and to the other meme coins.

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August 20, 2023, 09:58:23 PM
 #14

Riding with the Memecoin hype is not easy, there’s no guarantee that it will pump just like the other project. Over 100 Memecoin only few or below 10 projects was able to reach the peak.

So imagine the probability to lose money with the memecoin, if you want to make profit for long term then better to invest with the top coins and hold until the next bull run.

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August 20, 2023, 11:43:13 PM
 #15

They are coming to the market only to grab the investor capital completely.
You answered your question on this line.
Most of them are here because of the hype which means Memecoins are often created as a joke or as a parody of legitimate cryptocurrencies.
They usually lack any meaningful underlying technology or utility, which means their value is largely speculative and driven by social media trends.

So IMO it seems like you're gambling in you're investing this Memecoin.
Because it might what's popular today might be forgotten tomorrow, leading to a sudden loss of value for the coin.
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August 20, 2023, 11:57:16 PM
 #16

Because
Sleep dreams that the tendency to suddenly become rich Cry
People sometimes make an unrealistic hope. They think meme coins can make them to be rich suddenly, but they are not aware that meme coins are riskier. If people understand how meme coins work, they don't dream something impossible with meme coins. Buying meme coins are almost the same as gambling with crypto coins. It is because meme coins have no clear fundamentals to improve its price in the future, they only rely on the hype. If the developers can maintain the hype a long time, people who invest in meme coins have the chance to take good profits. But if the hype disappear very soon, no chance to take profits on the new meme coins.

This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers.
Basically, all altcoins are risky, we must know that investing in crypto coin is a high risk. So, whatever the coin is, it is always a high risk. But I agree that meme coins have a higher risk, it is because they have no clear future. How we can expect its future if it has no fundamentals? In reality, altcoins with strong fundamentals can fail, even worse the meme coins with have no fundamentals/weak fundamentals.


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August 21, 2023, 12:03:40 AM
 #17

Because
Sleep dreams that the tendency to suddenly become rich Cry

This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience. They are coming to the market only to grab the investor capital completely.
Because influencers and news outlets often portray memecoins as "successful" coins because of the massive profit growth that some of these have when in reality most of it is merely being manipulated by someone. This showcases the "capability" of meme coins to make someone go from zero to hero, when in reality said capability is actually nonexistent. And while I guess some people do luckily profit off of some of these shitcoins, they're closer, if not already a gamble imo. They might as well just go to a casino or hope to hit the jackpot on a lottery really, heck that's a lot cheaper compared to buying shtcoins imo.

R


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August 21, 2023, 12:23:55 AM
 #18

Because
Sleep dreams that the tendency to suddenly become rich Cry
(....)
And take note also that the more you aim for this, the high risks you are taking and probably losing more.
Take note that not all meme coins are worthy, especially these new memecoins, some are only good at the beginning, if you are late already, everyone probably is dumping on you already.

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August 21, 2023, 03:21:01 AM
 #19

Because
Sleep dreams that the tendency to suddenly become rich Cry
~
This is the reason why people are investing into meme coins.
They always leaning into the fact that they can earn, or can be rich if they will invest into meme coins. They aren't thinking of the other way around which is the risk when they are investing into this type of coins.

Meme coin being the most dangerous coin? It might be, but you know what's more dangerous? It isn't a coin, but it's how investors think. I just hope that most of the investors will wake up, and think that investing not only into meme coin,  but into coins that we already know are very risky always end up as a loss for the investor most of the time. On the other hand, not all meme coins are like that because we have DOGE that has been there for a very long time, SHIB that has been there for I guess 1-2 years already. Most of the meme coins don't last long I agree, but there are still some who lasted for years.

Meme coins in general aren't a good type of coin to hold it for long term. Maybe if you want to flip then I guess, but beware still because most of them are just cash grab.

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August 21, 2023, 04:35:28 AM
 #20

Because
Sleep dreams that the tendency to suddenly become rich Cry

This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience. They are coming to the market only to grab the investor capital completely.

You can see my reply in another thread : https://bitcointalk.org/index.php?topic=5461374.msg62726373#msg62726373. This means that meme coin is a failed project. It is more dangerous and riskier than legit altcoin projects. I think it could be that many of the investors are from their own team who have secured a lot of funding from the previous scam meme coin project.

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CRYPTO WEBNEOBANK
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