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

[MIner1448]

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?

All meme coins were created in my opinion for speculation, there are no technologies, there are no serious teams, there is just hype, behind it there is simply a good advertising company that promotes its project, for the long term this is not a very good idea.

[cryptoknightt]

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

[Questat]

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

Doge, Shiba Inu, and Pepe - these are the meme coins that have been known in the market due to their hyping price but the rest remain unnoticed. Not a surprise in the sense that these meme coins have no use case and only hype helps them be known to us. Therefore, investing in them is not worthy and it is much more if we think about holding them for many years, they are dead already.

I don't discourage people from investing in meme coins but must be sure that they are already aware of what will possibly happen to their money.

[humanvelocity]

You are better off taking that money and putting it on red in Roulette table. Meme coins are a joke and will never be good for long term, If you decide to go short term then surely it can be rewarding.

[Andrija Branislav]

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

It's true that the altcoins space in particular, a lot of  was born without a special campaign. sometimes  only rely on airdrops but they quickly attract attention. I think dominant people like instant profits. So it's even more interesting for developers to make things simple.

[Andrija Branislav]

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.

Yes. Different people have different points of view. Whether it's bad or not, the main thing of a speculator is that the profit at the end is in his head. The important thing is to make a profit. it's risky and the main points are that they are often fine and they know and that's what's strange.
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[siniminomorocomunisakito]

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.

That's right, wise advice for those of us here who still don't understand the direction of investing in memes. In general, we always look at momentary benefits and not sustainable ones. Yes. and the idea of converting profits to buy BTC must be tried.

[kevinzxz]

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?

In my opinion, meme coin that is worth it to buying and making a long-term investment is Dogecoin, because
1. Dogecoin has its own blockchain, so Dogecoin actually has the same function as Bitcoin
2. Dogecoin has a fairly high market cap and is in the top 10
3. Elon Musk supports Dogecoin and accepts payments using Dogecoin for Tesla purchases
so that's what makes me believe to investing in Dogecoin for the long term.

[justdimin]

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.

Entertainment apparently worths some money, did not expected that to be fair but that is what the market is saying. The reality is that if we take doge as an example, people are not saying "I will invest into doge and definitely will make a lot of money from it", they are saying "I am going to invest into doge because it is so much fun, and if I make a profit with it then that's even better", which is understandable, they want to have fun while investing, same logic was done with GME at stocks world and that was definitely fun, but that doesn't mean that we are going to end up with right approach each time, sometimes you want to have fun and will lose all your money, that is not really a good thing at all.

People should look for profit first, fun second when they are investing but not everyone is doing the same thing, so we are not going to really end up with something that should be all that crazy, it will just be something that should be profitable if they are right.

[Rasa nanas]

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

I agree, but most likely it won't last long because it's impossible for the influencer or rich person to continue to support it if it doesn't provide a large income for themselves. and the question is who wants to invest in an altcoin that has no utility and then the price rises and the hype just because it is supported by certain influencers or rich people?

[StreakW]

In my opinion, meme coins are not worth buying in the long term because they do not have clear prospects. Like what happened with Dogecoin where people were very interested in buying because it was supported by Elon Musk but it didn't last long for the price to plummet once Elon Musk sold everything. Therefore, the fate of people who bought Dogecoin at that time is now that they are experiencing huge losses because the price continues to decline in the market.

[Tigerheart3026]

nope, meme coins can not worthy investment in terms of long term, short term it can be profitable, i'm trading doge,pepe and shiba for short term, getting a little profit.
there are other no reason to buy it, if these are not real project so those can not run in long term, i don't recommended to buy for long term.

[glendall]

In my opinion, meme coins are not worth buying in the long term because they do not have clear prospects. Like what happened with Dogecoin where people were very interested in buying because it was supported by Elon Musk but it didn't last long for the price to plummet once Elon Musk sold everything. Therefore, the fate of people who bought Dogecoin at that time is now that they are experiencing huge losses because the price continues to decline in the market.

Doge is a legendary coin, it could be said to be the oldest meme and still survives to this day, even though the price is less friendly, it can provide a surprise like when Elon bought it. and there is
It's also true what you said, the people who bought when Elon made Fomo are experiencing huge losses at the moment,
So be careful if you want to enter the crypto world which is based on meme coins

[ichsan ardi]

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 coins are really not good for the long term. It's better for you to gamble rather than buy meme coins. People who buy these coins are just fomos with the hype. I think I've also bought coins like Doge and Shiba, but I only held them for a few months because I was afraid of the risk. Very large
maybe the reason I bought meme coins was to get a profit of 1000x my capital, that's what made me interested at that time

[oktana]

Memecoins and long term? This two words can’t even be in the same sentence because they are contradicting. Memecoins is pretty much short term. In fact, some of the memecoins you see today may be really popular today but by tomorrow, they are all dead. If you feel the urge to invest in memecoins, just know it has to be short term, and my advice is that you use an amount that you can afford to lose because many times, people throw in everything just because they want to be rich overnight but may sometimes end up depressed.

[JeffBrad12]

Memecoins and long term? This two words can’t even be in the same sentence because they are contradicting. Memecoins is pretty much short term. In fact, some of the memecoins you see today may be really popular today but by tomorrow, they are all dead. If you feel the urge to invest in memecoins, just know it has to be short term, and my advice is that you use an amount that you can afford to lose because many times, people throw in everything just because they want to be rich overnight but may sometimes end up depressed.

most of the meme coin are short term indeed but there are certaily some meme coin that could hold on for long term take as example is doge coin, it already existed since very long ago but indeed its just 0.001% of all the meme coin present that could hold on for long so its more or less true that most of the meme coin are short term even more so for those meme coin that could only get themselves listed in none of the exchange and instead used dex as an alternative since they know themselves their coin are shit so they just use dex with low volume even those dex created specifically for shitcoins they are already doomed from the very start and investing in them will most likely to make the devs getting rich not the investors themselves, thats the thing with majority of meme coin, just some random ERC20 using some fancy name for marketing and at best getting listed in some dexes and call it a day.

[Belarge]

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?

Memecoins have good stands in the market, though not all of them are worth investing on due to their volatility and vulnerability to bear season. Mentioning one of the powerful man in the world and also in the crypto industry, Elon Musk have caused many investors to fall back to trenches, like starting from square one and along the line, majority have smiled and boosted their portfolio, all thanks to Elon Musk for making me counts my first profits in the system, when he tweeted about Dogecoin and made the CEO of the projects, he boosted it with good promotions but he abandoned the projects and other projects he was working on in the system and tend to face his companies straightly.

[Kelward]

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.

Most meme are better to take advantage of in the short term, because you don't know the one that'll survive and reach long term. If you want to gamble your money for high profit, then meme is for you, you just might pick a good one that multiply your investment many times over, and if it does, it's better to cash out, because you don't know whether the more you wait, it'll become worthless. For long term investment and better assurance and peace of mind in crypto investment, I'll be very comfortable to rely on bitcoin, because it has proven to be very profitable if you hold for a long time, also any top altcoin, is good to put money into, because just like bitcoin, they're also reliable and profitable.

[DeFiOne]

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?

Memecoins have good stands in the market, though not all of them are worth investing on due to their volatility and vulnerability to bear season. Mentioning one of the powerful man in the world and also in the crypto industry, Elon Musk have caused many investors to fall back to trenches, like starting from square one and along the line, majority have smiled and boosted their portfolio, all thanks to Elon Musk for making me counts my first profits in the system, when he tweeted about Dogecoin and made the CEO of the projects, he boosted it with good promotions but he abandoned the projects and other projects he was working on in the system and tend to face his companies straightly.

Agree. Worth checking out $BRAIN https://www.brainlet.finance
Brainlet Finance is a meme token without the added volatility (due to tokenomics functionality).
Base 274.99% APY..... meme but real, which makes it even funnier

[Silberman]

Memecoins and long term? This two words can’t even be in the same sentence because they are contradicting. Memecoins is pretty much short term. In fact, some of the memecoins you see today may be really popular today but by tomorrow, they are all dead. If you feel the urge to invest in memecoins, just know it has to be short term, and my advice is that you use an amount that you can afford to lose because many times, people throw in everything just because they want to be rich overnight but may sometimes end up depressed.

This, if a trader wants to take their chances with a meme coin they can do so, but at least they should set some ground rules to not ruin themselves in that process, rules that are as simple as not holding those coins for the long term, always be ready to sell your stash no matter what, at the first sign the developers may seem as if they are ready to exit scam then you need sell and only invest in those coins a small part of your capital, if a trader did this then even if they lost money with those coins their losses will be small, and they could easily recover them with their investment in bitcoin and other good coins.