Are memecoins really important for the crypto market?

[john1010]

I think that memecoins are important for the crypto market, but not in the way that some people might think. Memecoins are not important because they have intrinsic value or utility, but because they have entertainment value and community value. Memecoins are fun, humorous, and engaging. They attract new and young users to the crypto space, and they create a sense of belonging and identity among their fans. Memecoins also generate a lot of media attention and social buzz, which can raise awareness and interest in the broader crypto ecosystem.

However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.

I support your point mate, meme coin where created for fun and the amount of coin in circulation are too much for the coin to be considered a coin for serious investment. those who invest in meme coin should be careful because there are several scam project out there coming from meme coins, and one thing that troubles me most is the ability of the coin to be easily manipulated. And the high volatility of the coin might bring loss to a newbie investor, however for you to be able to trade properly with such coins, then you must have your eyes fixed on the market to avoid losses.

I appreciate your perspective on meme coins and the risks involved in investing in them. I agree that they are not suitable for serious investors who are looking for long-term returns.

However, I would like to share with you some information about GigaChadGPT, a new AI-powered chatbot that is based on a meme coin called $GIGA. GigaChadGPT is a rival of ChatGPT, an AI chatbot developed by OpenAI that can generate human-like text based on context and past conversations. GigaChadGPT claims to have superior alpha energy and more features such as chat with images, voice, and create images. GigaChadGPT is also backed by Sberbank, a Russian lender that is investing heavily in AI technologies.

GigaChadGPT is an example of how meme coins can be used for innovative and creative purposes, beyond just fun and speculation. GigaChadGPT aims to democratize access to AI and provide a platform for users to interact with various GPTs (Generative Pre-trained Transformers) that are customized for different tasks and domains. GigaChadGPT also rewards its users with GigaCoins for using the chatbot and creating new GPTs.

I am not saying that GigaChadGPT or GigaCoin are better than ChatGPT or any other meme coin. I am just trying to show you that there is more to meme coins than meets the eye. They can also be a source of inspiration, learning, and entertainment. Of course, they still have their drawbacks and challenges, such as scalability, security, and regulation. But I think they are worth exploring and experimenting with, as long as you are aware of the risks and do your own research.

source: https://gigachadgpt.io/
Tele: https://t.me/GigaChadGPTOfficial

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[Belarge]

Memecoins that have high volume will be very important for CEX because they will list and get a lot of fees from transactions made. like some memecoins that are currently hype and have many communities, even volumes reaching $1B will be a good source of income for CEX. but for the crypto market it will just be a temporary memecoin hype and the crypto ecosystem will not be disturbed either. there are more memecoins that keep appearing and only a few manage to fetch incredible prices.

CEX are Centerpoint for most of these memecoins that turns to be very promising. We have the legit information in the market, we keep steady milking of the system in all rounds, nonstopping to acquiring more achievements in the market. Cryptocurrency is the masterpiece we have to acknowledge if we're into the new generation of earning online especially from crypto. The hype will not quenched because there are numerous projects, some explore and others fails. Memecoins is the trending projects that keep the steady boosting of the system.

[Wildwest]

• Do you support the existence of memecoin in the crypto market?

Yes, I support the existence of memecoins because the crypto market remains active even during bear markets. For me, memecoins add an element that prevents the crypto world from becoming dull. Imagine a crypto space without memecoins, everything would be too serious and monotonous. That's why I believe memecoins will continue to have a presence in the crypto world. It's up to us to decide if we're willing to face the risks associated with memecoins when considering investing in them.

Yes, with the existence of memecoin, the market is becoming more active, so most members don't get bored quickly with the old bounty results. Over the last few years, memecoin has become the main discussion in the crypto space regarding the prospects of each new meme coin appearing. But not all meme coins have good potential, only a few can survive and create new billions, so the presence of memecoins has provided a new atmosphere on the bitcointalk forum.

[btc78]

• Do you support the existence of memecoin in the crypto market?

We can not deny the great impact of some memecoins in the entire community such as pepe, doge, shiba and others

Memecoins are often backed by a community who are using the meme where the coin emerged from so you know that it will get some attention which is a good thing

However most of memecoins are created just for fun and are often considered useless or not really having any utility therefore when it is launched it does not really get any value well there are also a lot of altcoins out there that do not have much utility and do not get value after launched

Nonetheless i see no harm in memecoins it is up to ourselves to do our own research and make sure to invest only in potentially good projects

[ifarted]

For me, there's only one memecoin and that is Dogecoin. The other memecoins are only copy of Dogecoin ot created based on Dogecoin. It's not really that important in my opinion but it did help bring more people on the market which is good enough. Memecoin is created for fun but because many people are using it then that's when the memecoin is more than just a coin for fun (Dogecoin). Other people are buying memecoin because of the hype of the memecoin but when the hype is down then the discussions are dying or the discussions about the hype memecoin are becoming less and less.

[Makus]

I am not saying that GigaChadGPT or GigaCoin are better than ChatGPT or any other meme coin. I am just trying to show you that there is more to meme coins than meets the eye. They can also be a source of inspiration, learning, and entertainment. Of course, they still have their drawbacks and challenges, such as scalability, security, and regulation. But I think they are worth exploring and experimenting with, as long as you are aware of the risks and do your own research.

I agree with you that the GigaChadGPT is a different version of what a meme coin is known as, but how about the rest meme coins in market? The fact that very few are inspiring with innovative feature doesn't mean the remaining are ok for investment. Meme coins are to be dreaded and invest with care, since majority are just for jokes. I have read some meme coins white paper were the developers clearly stated that the coin was made not to be taken serious as a coin for  investment.

[Iamcrypticguy]

I still think that the existence of memecoins is important in crypto. Because we can't deny that memecoin also brings more beginners into crypto investment. Although they may have come initially because of FOMO, they eventually learnt and started to become great traders in crypto.

I have traded in memecoin. I even invested a little bit in memecoin. But I have never had a big profit in memecoin. But if it's a small profit then I get it very often.

True, memes are quite important to the crypto ecosystem, though it's dicey to get it right sometimes in terms of memes but when you do, it can be rewarding. Here's the recent one I ventured into

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[ichsan ardi]

If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.

I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.

I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?

[Silberman]

If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.

I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.

I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?

Meme coins are useless which explains why many members of the community do not like them, at least when it comes to other altcoins you see the developers making an effort to create a project with a purpose that could perform a needed function, but meme coins have no function at all, so sooner or later the meme coin in which you invested will disappear, and anyone foolish enough to not sell their coins before that happens will lose everything they invested there.

[Lorence.xD]

If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.

I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.

I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?

Not because something is risky, especially in this industry wherein it is a normal thing to be encountered. Memecoin is a pofitable coin to invest if you happen to know how its market price move, if not 100% accurate, at least with price action. Indeed it is risky which makes more sense to say that it is only considerable to those who have experience of price action and volatility. But if it is market impact, then  guess it has no such thing. Coins which are having impact in this industry are major coins in the market simply because demand is more evident unlike with memecoins which are often just manipulated by big investors. As we all know, memecoins has no utility or particular usage. What makes the price moves is the hype created by majority of the investors and that comes randomly.

[Tomcolor]

This memecoin is totally useless and risky because this year I got a lot of memecoins that I got by working on bounty. But all are false tokens and utter death. I want to leave the exchanges that list these bad memecoins. Because many people are losing their money as a result of investing in it. You should invest in good altcoins because we can get bullish market very soon.

[Y3shot]

Memecoins are very risky , many of them in the market are scam project, their are some memecoin that are profitable but it is difficult to get the good one that is why it is important to know that meme coin are not coin you need to rush into and it is not huge amount of money needs to be invested.  Meme coin are just try your luck which people don't need to expect much from.

[GlacierBIT]

Any field of activity where a huge amount of money is involved attracts scammers and speculators, whether we like it or not, we will always encounter projects that will disappoint us. Meme coins from a number of currencies that are simply speculated on, you shouldn’t count on being lucky in this transaction, but if you are lucky it will be a huge success.

[irhact]

This memecoin is totally useless and risky because this year I got a lot of memecoins that I got by working on bounty. But all are false tokens and utter death. I want to leave the exchanges that list these bad memecoins. Because many people are losing their money as a result of investing in it. You should invest in good altcoins because we can get bullish market very soon.

Not all memecoins are useless, some memecoins are useful as they helped the cryptocurrency community to grow. Dogecoin has being useful for the growth of the market as it has brought alot of investors in the past and will also be bringing more investors and as the investors enter the market they'll know about other coins that have strong fundamentals and they'll invest into them. Many of the memecoins are going to be useless or aren't  going to be of good use to the market but not all.

Memecoins bring hype to the the market and they help to bring new investors too. Memecoins have their own role they're contributing to the market but we have many of them that are scams and this is the reason many individuals don't like memecoins. Memecoins can give investors profits very quickly when we invest in them when they're not popular yet but it's not every memecoins that we're suppose to buy.

[Rengga Jati]

• Do you support the existence of memecoin in the crypto market?

Let it be, like what's happening right now. Because there are also many people ho are earning money from meme coins and make meme coins as one of the income to gain. Although it may also let some other people lose their money. but the case will depend on each person, how they are utilizing and optimizing meme coins.

• Have you ever invested in memecoin? Which memecoin is that?

Once I did it and this was a mistake actually, in previous bullrun because I was interested in Doge and too late to take profits. Finally it ends up by leaving the coins still in my wallet. But for other meme coins, moreover the hype coins, never do it.

• Has your investment in memecoin brought you joy, profit or loss?

I am not considering it as loss because I am still holding my Doge, so just let it be in my holding time. 

[tengui]

don't just discuss how many people got rich because of meme coins but also look at how many people suffered losses because of meme coins. This is not a problem for those who invest in meme coins that are already popular like doge and shib because the risk tends to be lower, but this is about people who want to get rich by investing in meme coins that are not yet popular in the hope that they will become like doge and shiba in the future. they only think about the benefits they will receive without thinking about the risks.

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[Marvelman]

I don't have anything against meme coins, as long as they aren't scams.  But let's be real - thats a big if! So many ride the hype train of humor and celeb shout-outs without actually offering real-world use or planning for the future.  Sure, some lucky ducks have scored big wins.  but for most folks, the 15 minutes of fame fizzle and they're left clinging to worthless bags of digital dust.

Personally I find the "lambo overnight" fantasies around meme coins kind of uncomfy.  Investing should be thoughtful, not fingers crossed that a viral tweet might jack up your portfolio.  But hey, to each their own.  Some folks have fun playing the hype cycles.  For me, I prefer coins with fundamentals over fleeting fame.  But who knows maybe I'm missing out on those sweet lottery gains.

[vitya1982]

I don't have anything against meme coins, as long as they aren't scams.  But let's be real - thats a big if! So many ride the hype train of humor and celeb shout-outs without actually offering real-world use or planning for the future.  Sure, some lucky ducks have scored big wins.  but for most folks, the 15 minutes of fame fizzle and they're left clinging to worthless bags of digital dust.

Personally I find the "lambo overnight" fantasies around meme coins kind of uncomfy.  Investing should be thoughtful, not fingers crossed that a viral tweet might jack up your portfolio.  But hey, to each their own.  Some folks have fun playing the hype cycles.  For me, I prefer coins with fundamentals over fleeting fame.  But who knows maybe I'm missing out on those sweet lottery gains.

"Lambo overnight" is just a fantasy, nothing more. I mean, it's possible, but it's a 1 chance in 10,000,000. If people want to buy stupid funny stuff and lose their money - that's fine, if they understand that. If someone is really thinking about getting money there - he has some problems. I just prefer to avoid this market.

[cute nmp]

Don't think meme coins have any much importance in the crypto space ,Most meme project are just out there for pump and dumb .They are mostly for profit making many have become millionaires investing in them. Personally have made alot by holding some doge coins a few years back but apart from that meme coins don't have much impact in the crypto market.

[Magic-Money]

The Meme coin has made some people a millionaire today, Shiba Inu give me good profit return investment in a very short period of time, in which I bought Shiba Inu Coin worth of $50 after a some time I checked my wallet has increased to $3020 which I sold out and I was very happy for that. To invest in meme Coin is not a bad idea, but one have to know is a game of investment in which it can dipped at anytime and it can also pump at any time as time goes on.