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

[libert19]

Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.

What Musk did to Doge coin was manipulation.

Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.

[Silberman]

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.

As long as you are aware of what you are doing speculating with meme coins could be a good move, but for what I can see there are not many people that take seriously enough the possibility of losing money while trading those coins, they only think about the positive outcomes that could come to happen, without ever thinking about all the difficult scenarios they may have to face and not realizing how much more likely it is for this to be the case.

[Makus]

Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.

What Musk did to Doge coin was manipulation.

Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.

I am in support of your statement that musk manipulated the Doge coin, normally we all all can attest to the fact that without his influence in the coin, doge coin wouldn't have gotten to where it is right now, mr musk acted as a catalyst to help the adoption of the. However I am not in support of holding what I don't like, and altcoin in general is never my thing, I prefer my patience in bitcoin after all, we have been experiencing an increase in the price of bitcoin and this is good one to start with before the halving and then the bull run. I would confess that meme coin can be some time tempting to invest in, the profit most of them give is sometimes not comprehensible, while most of them still tend to make their investor cry of pain from loss.

[TelolettOm]

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?

After the hype of Doge coin, it cannot be denied that the rise of meme coins is truly very significant. Many coin memes have emerged, even this year they are still appearing a lot. And most of them will always experience hype in the market and eventually many people will enter there. The price increases are sometimes very fantastic, allowing some investors to get very high gains.

But on the other hand, there are also many people who experience huge losses as a result of investing in meme coins. Maybe even more people suffer big losses, especially beginners in the crypto world. Because, the risk of investing in meme coins is very high.

That's why, when it comes to new meme coins other than Doge, I'm not sure if they can survive and are worth long term investment. This seems like something that carries a very big risk. Maybe most people believe that Shiba Inu can become like Doge, yes, maybe. But for low-risk takers, it's better to avoid long-term investments in meme coins.

[Mate2237]

Dogecoin has spend years in the cryptocurrency ecosystem world yet it has not not reached a dollar in the market and that is not too good in the industry. And with this we have to consider two things before investing in meme coins. Since it takes time to add value in their market cap then it is not good to invest and if you must invest then prepare to stay with the investment for decades of years. And secondly, since the coins takes years to grow then it is not also good to invest in a short time because nothing will come from the investment.

But you can just keep small amount of money in anyone you know that can do well in the future. There are many meme coins that have collapsed so if you are investing then be careful. There are some that is still far from 1 dollar. Even 10 years to come, they will not reach one dollar and if care id not taking those ones will collapse from the ecosystem.

[tsaroz]

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?

Meme tokens are like viral videos, they come at spotlight and goes and years down the path they make come to spotlight again.
Dogecoin is an exception, being one of the pioneer coin, they were already popular but due to their unlimited supply, they were loosing price. But the grace from Elon Musk made them rise again. There came different coins like Shiba Inu and PEPE that received relative success and are still trying to recover.
They could be used for short term investment or swing tradings, but they don't make a long term investment coin.

[JeffBrad12]

Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.

What Musk did to Doge coin was manipulation.

Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.

yeah they are honest and still people are over glorifying it, the meme coin in general exist for fun don't expect meaningful profit except someone is just went all in and opens up the possibility of going bankrupt.
regardless though there's no proof that musk is manipulating doge coin, some people might say that his attempt to create many tweets might be attempt of manipulation but im not so sure, mainly because he's just shilling and not really playing into the market.
but right now his influence has finally subsided, i don't think he has that much power again to influence, moreover the trend of meme coin has also fading, i don't believe any meme coin will repeat the feat of doge and shiba inu again.
achieving that much of a market capitalization increase is not such easy feat, moreover too much meme coin having high market capitalization one might be confused where the money will be flowing in from.

[libert19]

Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.

What Musk did to Doge coin was manipulation.

Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.

regardless though there's no proof that musk is manipulating doge coin, some people might say that his attempt to create many tweets might be attempt of manipulation but im not so sure, mainly because he's just shilling and not really playing into the market.

How would we know whether Musk is playing into market or not?

He could make a tweet shilling doge, doge price surges and he'd make a sell.

This is what quick search on Google brought me:

The investors highlighted a specific incident involving Musk's sale of approximately $124 million worth of Dogecoin in April. The sale occurred after he replaced Twitter's iconic blue bird logo with Dogecoin's Shiba Inu dog logo, which led to a 30% surge in the value of Dogecoin.

...but right now his influence has finally subsided, i don't think he has that much power again to influence

Millions of followers, influencers and plenty money at hand, he can do whatever he pleases.

[Ben Barubal]

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?

  Even if we say that they don't have projects, they are listed among the top exchanges in the cryptocurrency business industry, and their trading volume is quite good every day of the exchange platform, which means that many traders are still getting profit here. .

  Because, according to my observation, there are others who have project plans and roadmaps, but it is very difficult for them to be listed among the well-known top exchanges, then the trading volume and market capital are too much compared to the meme coins you mentioned. Do you think that if you are one of the traders, would you put your capital investment in what I have mentioned here?

[GreenStox]

I don't have a reason, but if it is supported by an influencer like Elonmusk then we can consider buying it even though as you said there is no seriousness in it but who knows in the future what Doge will be like in Elonmusk's hands.

[uneng]

I don't have a reason, but if it is supported by an influencer like Elonmusk then we can consider buying it even though as you said there is no seriousness in it but who knows in the future what Doge will be like in Elonmusk's hands.

To be on the hands of a single whale is a big and worthless risk to be taken. What if at any time he just decide to stop supporting the memecoin? Then the price wod fall to zero really fast and you, as an investor, would have a bunch of priceless tokens on your wallet and your funds becoming dust. Actually, Elon Musk has already tried doing that with Bitcoin, but thankfully BTC market doesn't fully revolve around him, so the negative consequences for Bitcoin price were limited, but imagine if he had a deeper influence on this market, how things could have gotten worse for BTC. Beware with what you wish, especially if it involves centralizing powers and influence to determined individuals, followed by the idolization of them. Keep in mind whales have their own agendas and they won't mind using and prejudicing little fishes like us to fulfill their objectives.

[puloweh555]

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

If you are asking whether meme coins are worth buying for the long term, of course they are not, and it is not recommended to buy meme coins for the long term. Meme coins are only entertainment coins, of course entertainment can also be profitable if you take advantage of the moment, I personally bought meme coins to make short-term profits but with not a lot of money of course.

In my opinion, Pepe is good because Pepe's circulation supply has run out. The total supply is less than Shiba. The market capital is still low. CMC's ranking is still in the 90s. So the explosive potential could be much bigger than Doge or Shib. Personally, apart from Shib, Pepe is targeting accumulation installments in preparation for the 2024 bull run.

[Lamkuthang]

  Because, according to my observation, there are others who have project plans and roadmaps, but it is very difficult for them to be listed among the well-known top exchanges, then the trading volume and market capital are too much compared to the meme coins you mentioned. Do you think that if you are one of the traders, would you put your capital investment in what I have mentioned here?

Indeed, the terms and conditions always apply if you want to enter a well-known exchange, the fees are quite large, but if they have the criteria according to the exchange they want their coins to be listed there, they will definitely try. For the second question, maybe OP can answer it wisely. For me it varies a lot of course.

[vs2014]

First of all you need to know that meme coin holding is risky because they contain a lot of lies but there are some good meme coins that have caught a lot of investors in the crypto market with honesty. As you mentioned some of the best meme coin names but new meme coin is very dangerous. The idea of ​​new investors to get rich suddenly from meme coin is totally false propaganda because most meme coins are scam. You can buy a lot of meme coin but very few meme coin will give you profit and most investment will be your loss.

[Issa56]

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

I'm not really a fan of meme coins; I don't invest in them, but when investing, you have to be very careful. Don't invest because of the hype that you are getting from people; make sure you do your research before investing. Some meme coins do not have a road map or even any use case; they are just created; people will pump it with their money, and later it will be dumped on people. How are you going to hold a coin like that? I believe meme coins should just be for short-term investment. How will you be holding a coin without any use case for the long term? Then you expect a crash to happen. If a house is not built on a strong foundation, don't expect it to be strong.

I don't recommend investing in altcoins, but there are some strong altcoins that you should invest in rather than investing in meme coins. To be honest, meme coins are one of the few coins that I will recommend anyone not to invest in. If you want to invest, then it's better you invest in bitcoin, and I know some people who do prefer to invest in altcoins. Get some strong altcoins and invest.

[Rasa nanas]

Are meme coins good for long term investment? the answer is no and the reason as you say because the project is not clear, meaning this project has no utility and does not even have a road map. The price of meme coins can indeed increase thousands of% but the price can also fall to $0 and what often happens is that the price drops to $0, therefore many say investing in meme coins is high risk.

[JeffBrad12]

Are meme coins good for long term investment? the answer is no and the reason as you say because the project is not clear, meaning this project has no utility and does not even have a road map. The price of meme coins can indeed increase thousands of% but the price can also fall to $0 and what often happens is that the price drops to $0, therefore many say investing in meme coins is high risk.

many seemed to overestimate their capability to analyse a coin and as a result is the effort of making investment in meme coin which sometime might just be the worst decision ever.
there are so many meme coins generated and very few that could have meaningful market capitalization increase, in other word, the chance of success is so low yet people are flocking onto it thinking they might be rich from it which isn't wrong if they happen to have some miraculous encounter of investing into some rare memecoin that might be getting big in the future but many times that meme coin just gonna outright losing value.
being conscious in this regard knowing that meme coin have low chance of success is good enough for people to keep themselves from losing even more money because as I've seen newbies greed in investing meme coin cause many to lose money.

[LogitechMouse]

~
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?

You already stated here that the coin has "no clear project".
You also said that their price increased by thousands if not hundreds. Do you think that all of us can take a risk and invest in these types of coins which are typically more volatile than those of the top ones?

Are meme coins worth buying in the long term? Hell no. I will not buy a token that has a chance to go up by thousands yes, but go down by thousands as well. I can't take that risk. Probably some can take it, but not for me. Another one is that I don't want to invest in a project that has no use case and isn't beneficial for the investor.

I have no reason for buying any meme coin aside maybe for DOGE because I have a bias on it since it's the very first meme coin that has been created, but other than that, I will not buy any meme coins or should I say shitcoins.

[Gladitorcomeback]

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?

Very good topic OP, You are quite right that meme coin having no roadmap, no team and also no other details which we often check before choosing the best project but it is fact also that rising speed of meme coins is much higher than Solid and long term projects.

People who was thinking that btc was the only coin which pumped very high and maybe no one will get this type of coin. When meme coins launched especially Shiba , Pepe and Floki this thought is proved false and people made a high amount just in the matter of 2 months. I am not saying that memecoin is competitive of btc as there is no coin who could beat btc even Ethereum cannot but in term of profit yes meme coin couldn't be forget.

Meme coin are riskier also and one have to first complete research about total token holders and community detail before entering. If we invest small amount which we afford to lose then investment in memes coin is not bad.

[Silberman]

Are meme coins good for long term investment? the answer is no and the reason as you say because the project is not clear, meaning this project has no utility and does not even have a road map. The price of meme coins can indeed increase thousands of% but the price can also fall to $0 and what often happens is that the price drops to $0, therefore many say investing in meme coins is high risk.

many seemed to overestimate their capability to analyse a coin and as a result is the effort of making investment in meme coin which sometime might just be the worst decision ever.
there are so many meme coins generated and very few that could have meaningful market capitalization increase, in other word, the chance of success is so low yet people are flocking onto it thinking they might be rich from it which isn't wrong if they happen to have some miraculous encounter of investing into some rare memecoin that might be getting big in the future but many times that meme coin just gonna outright losing value.
being conscious in this regard knowing that meme coin have low chance of success is good enough for people to keep themselves from losing even more money because as I've seen newbies greed in investing meme coin cause many to lose money.

Traders make the mistake of thinking about themselves as being flawless, and when someone thinks of themselves in that way then it could make sense in their minds to buy a bunch of meme coins no one has ever heard about as they believe they will skyrocket soon, however this is obviously a mistake as there is no trader that can win every single trade that they make, and when they fail they get surprised this was the case and try to find a way to justify their mistake, not understanding that the whole premise about their inability to make mistakes was what was wrong.