coin memes don't have a project? Is it worth buying for the long term?

[Obim34]

There is no clear usefulness to why this meme coins are brought into the market, like of what usefulnessis it that should make investors to keep the buying and selling going on for a long time. Most people now buy this memecoin at the very beginning of their sale to sell at the very listing
as soon they make those profit they take it and leave the project because there is no long span purpose of which the meme coins are generated so if all investors should remove there investment from it and nobody wants to buy, only the sell options there the big dumps begin sometimes even the Devs takes part into selling and dumping the price because they know in a close period the project won't be necessary.
Knowing all this then and still wanting to hold this memes for a long term is absolute madness because it won't avail to something good and you will only come back to see it already ruged and dumped

[cryptoaddictchie]

Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

To be honest? No. But they are a good driven for profits maybe for a short to medium timeframe. Thats why if you are putting up some fund on meme dont go over invest and only put a little as much cause if this goes to roof at least you have some tokens of it and when you profited then convert to bitcoin or any more sensible project that has actually an objective and got some presence in the crypto market.

[gabbie2010]

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
 Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

Most of those mentioned memecoins are pump and dump coins just buy low and sell high nothing as much majority of the coins prices are stagnant they ranges for a very long time therefore the best bet is to buy hodl and accumulate because once in a while they tend to pump especially if the price of Bitcoin pumps they do gain some volatility too, some investors invest mainly on memecoins having studied their price action with some research thus capitalize on any sudden surge or pump in their prices to make quick profits and waited for another opportunity thus continue the process in a cycle.

[Hypnosis00]

Lately, another meme coin which is Pepe hit another unremarkable market event which continuing the history-making of meme coins this year.
We can't deny that it drives too much interest in the community because many investors multiply their money in just a short period of time making others join as well.  Many are still looking for it after the said event thinking that there is another meme coin that could make the same, so the search continues.

The question arises if this is worth investing in - and my answer is you should be cautious in investing with them as they are not good for long-term investing but just only during the hype.

[Silberman]

Lately, another meme coin which is Pepe hit another unremarkable market event which continuing the history-making of meme coins this year.
We can't deny that it drives too much interest in the community because many investors multiply their money in just a short period of time making others join as well.  Many are still looking for it after the said event thinking that there is another meme coin that could make the same, so the search continues.

The question arises if this is worth investing in - and my answer is you should be cautious in investing with them as they are not good for long-term investing but just only during the hype.

Even if it is true that some people can achieve great results with those coins, it is better that people stay away from them, and this is because if you really think about it you will realize that those profits need to come from somewhere, but where? And they come from all of the people that invested late on the meme coin hoping to still obtain some profits but that basically invested at the peak of the pump, and the issue is that if the meme coin does not pump again then they will have no chance at all to ever recover their money.

[terizla]

Meme coin is very high risk than Altcoins and Bitcoin.
If want to buy with small amount i think Shiba Inu and Dogecoin is good because many good market list that coin.

[justdimin]

Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
 Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

Before yes, meme coin is supposed to be for fun, but that have changed later on. Many meme coin creators have started to take it seriously. Either they try their best to grab money from their investors, or try their best to deliver a good working project and still hope to earn a decent income with it. On to your question if meme coins are worthy to buy?

Well, it depends on what type of meme coins they are, or if what is our goal. If we are only doing it for fun, then it can be worthy to invest on the original meme coins. Maybe they can also have the potential to rise, but that was only a bonus to us. For those who are serious of earning money, they can also prioritize it.

[danherbias07]

I am done with these meme coins. I bought Shiba Inu before it rode the hype and then I sold it at x2 and thank God I did that because after that it was a declining mess. Now, I suggest to do the same if I were you. But them, sell them quickly if you see profits, and then let go.
Don't fall in love with coins that you already know with no projects behind them. You are just going to mess up your capital and maybe you will regret it someday. All I am saying is, that I don't think they are must-bought coins that are for keeping as an asset like the ones on the top. It could be a waste of money, time, and effort researching about them while you will get dust in the future.
There are so many choices out there, why stick with meme coins? Just because they entered the hype doesn't mean their trustworthy to keep, there are a lot of projects that went through the same and yet they are buried now.

[Yatsan]

Meme coin is very high risk than Altcoins and Bitcoin.
If want to buy with small amount i think Shiba Inu and Dogecoin is good because many good market list that coin.

Every crypto has its own risk whether it is a memecoin or not sinply because cryptos' market price are volatile by nature. But with meme tokens as concerned for long term investment, I'm not quite sure whether it would be best for such investment technique given that most of the meme tokens has no utility to sustain the demand for it. Also token supply is huge which could also be a factor to lesser demand. But this is not to close the door for memecoins. If there will be further developments tackling issues and potential problems, then for sure it would become a better option than its current image. Right now, memecoins are no doubt good for short term investment due to high volatility in its price.

[redsun114]

I would say that a person shouldn't make the mistake of buying a bunch of meme coins with their capital hoping that they will gain a lot of value and they will become rich because that only happens to a few lucky people, it's like winning a jackpot in gambling which is extremely rare and not everyone can get it even after spending so much money on gambling, investing in meme coins and hoping for high returns is exactly the same thing but people don't understand this simple fact.

They don't have any projects backing them up, they don't provide any utility to their holders, and they have no organic growth potential which means that they will only gain value if they are hyped up by the community and then people start investing because everyone wants a share of those high profits.

[icalical]

Not in long term, tho some memecoin expanding their project and finally found utilities for their coin, but most of memecoin never has utilities and never solve any problem, so their value relies on the community loyalty. For short term you could speculate and 'bet' your money but for long term, it is very risky.

[Silberman]

I am done with these meme coins. I bought Shiba Inu before it rode the hype and then I sold it at x2 and thank God I did that because after that it was a declining mess. Now, I suggest to do the same if I were you. But them, sell them quickly if you see profits, and then let go.
Don't fall in love with coins that you already know with no projects behind them. You are just going to mess up your capital and maybe you will regret it someday. All I am saying is, that I don't think they are must-bought coins that are for keeping as an asset like the ones on the top. It could be a waste of money, time, and effort researching about them while you will get dust in the future.
There are so many choices out there, why stick with meme coins? Just because they entered the hype doesn't mean their trustworthy to keep, there are a lot of projects that went through the same and yet they are buried now.

Those which are enthusiastic about meme coins often point out to dogecoin as a meme coin that can be held for the long term, and this fuels their hopes that the coin they are holding becomes just like dogecoin, but they forget that dogecoin is not just a meme coin, but the original meme coin and the one that started that market, so it makes sense that as long as there are speculators willing to take the risk of investing in those coins they may keep some of their money on dogecoin, and while I would prefer those people gave up completely on those coins, they should at least give up on the idea of investing on those coins for the long term.

[lienfaye]

Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

Investing in meme coins are quite risky. Because unlike established coins, meme has no real use case and just relying on hype. If the particular meme is popular and has many investors, people who are looking for quick profit are tempted to also join the ride.

Moreover it's not good for long term because you'll never know if it still has a value after few weeks or even months after buying it. If you're interested then go for Doge or Shiba and not the ones who just launched recently with still a cheap price. But be aware of the risk and always apply the basic rule to only invest the amount that you can live without.

[Kelward]

Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
 Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

I don't think that they're worth buying for the long term because you're not certain of them still being valuable by then. It's best that when you take your chances in buying into them, and you make profit in the short time, then it's better to minimize your risks by moving on, maybe take your chances again in another one. There's unfortunately no good tales about meme coins in the long run, so get what you can and move on. If I want to do long term in cryptocurrency, it'll have to be bitcoin, because it has proven it's worth in the market. Apart from bitcoin, if I feel like doing long term, it'll be a top altcoin like ethereum, and my reason is same as bitcoin, because it's also proven it's worth in the crypto market. Personally I like to minimize my risk when it comes to crypto long term investments, I can only go for tested coins, even if they're returns are not as high as the promises of none tests coins.

[southerngentuk]

Investing without understanding the asset is like walking into a dark room without a flashlight. You may stumble upon something valuable, but you are more likely to trip over obstacles or make costly mistakes.

Relying solely on the opinions of others, without conducting your own research, is a recipe for disaster. While seeking advice from experienced investors can be valuable, it should not replace your own independent analysis.

Investors should conduct thorough research to grasp the fundamentals of the project, its goals, its team, and its market potential. This research should involve evaluating the project's whitepaper, roadmap, and community engagement. It is also essential to assess the project's competitive landscape and identify its unique selling proposition.

[Mpamaegbu]

As far as I know, meme coin are just for fun and don't have a clear project.

Well, easier said than done because not everyone will understand it that way. I didn't. In 2021 I bought Safemoon and Moon Rat or so and both did extremely well. Gave me an unimaginable ROI but I didn't take profit when it did. I expected more and before I could say Jack, the whole thing vapourized into thin air. I learned from that sad experience to steer clear of memecoins. That was a sad experience.

Dogecoin is the first meme coin that I know...

I still don't classify Dogecoin as a memecoin. I'm cocksure that those who do haven't used Dogecoin. If they do, they would discover that Doge has utility as a payment coin and its swiftness of transaction is high speed. Not even Bitcoin in its period of fast confirmation comes any close to it.

[yazher]

I think if you have the guts to do so, why not? after all these kinds of coins are not your ordinary investment because you need to be active when it comes to the right time to sell them and earn some decent profit. If you miss that opportunity, your only chance to recover your capital is if the meme coin you invested your money with is a successful coin in the future, because if it's not then you also lose your money by missing the right time to sell it.

[jrrsparkles]

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
 Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

Let me put that into a picture so you will understand it better, investing in a cheap meme coin is like buying a rock for a few bucks and expecting it to have a gem inside it when we cut it.

Definitely, it is possible to find a natural gem inside a rock but the probability of finding is like 0.00001% so all you can expect is to invest and the project to grow bigger.

[AnonBitCoiner]

Memes coins are not always fun but they become a real asset to give profit to its users. All those who have not sell their meme coins in previous bear market are wise because some of them like doge will make its holders profitable during market boosting price in future. It does not mean that if certain coins are less valuable will always remains same but most of shitcoins become profitable in future but only those will get reward who are know that better days always comes and bad days never present always. While trading meme coins cannot give you profit but if you hold it for few years then may be your profitability become sure in future.

[Dr.Osh]

the reason I bought meme coin was that I only took advantage of short-term profits. I think most people do the same thing. Apart from that, I feel that meme coin is not worth holding for a long period of time, because the risks are very large, especially in large amounts. However, there are some people who are holding some meme coins, and hope that the price will go higher. However, they only hold popular meme coins such as Doge, Shiba, and others.