Are memecoins really important for the crypto market?

[SATWAT]

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

1. Yes, I really support the existence of memecoins in the crypto market because they are able to compete with well-known altcoins. and many memecoins still survive today.
2. yes, I invested in memecoin, I still hold Dogecoin and Shiba.
3. It's really impressive when memecoin can increase beyond reason. and has given me huge benefits.[/list]

No doubt all is important which keep investors busy, and they are able to took advantage of them as well with recently we are having good things due to these meme coins because few are taking profit with few are also on lost which is part of this all I invested in Dogecoin which was good for me but after this I invested into Shiba Inu, but this was not good for me, so I regret about this just because of this I change my strategy and now having just Bitcoin as my first priority as I am having my 65% investment in Bitcoin with all others having just 35% specially in just few like Ethereum, Litecoin and BNB because I have been feeling these are also good for the investment.

[Rasa nanas]

1. I support the existence of meme coins in the crypto market because meme coins make the crypto market even more lively. Apart from that, meme coin investors continue to increase and I think this will have a positive impact on the crypto market.
2. I invested in Doge and Shiba. I made a short term investment because at that time the hype for these two meme coins was very high and I thought that in the near future the price of both would rise.
3. yes I get profit from this investment. The profits are not too big but I got them in a short time.

[Nazmul012]

There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.

[gurunanakji777]

With the advent of meme coins, the market no longer moves as it used to because greed compels many investors to invest in meme coins. As a result, many good altcoins fail to perform as expected. I don't like meme coins because I don't trust them. One harsh truth about meme coins is that those perform well have a significantly higher ROI compared to other altcoins, but the risk is also very high. This high ROI attracts investors, and those with extra funds are not hesitant to take the risk.

[00.00WIB]

Talking about meme coins, I think only Doge is good among other meme coins. I have no intention of investing long term in meme coins. i use doge only for gaming services or sometimes try my luck in the lottery and nothing more than that.

[DiMarxist]

As for me memecoins are distractions in the cryptocurrency market because if memecoins were not existing then by now bitcoin would have reached $100+k or even more but because of the memecoins people are diversifying their investment and splitting their investments across the memecoins and if those funds channel to bitcoin then boom us the name. If you invest in memecoins for a long term, there would be a problem and if you invest in short term there would be a problem so it is always at the investors risk.

[electronicash]

As for me memecoins are distractions in the cryptocurrency market because if memecoins were not existing then by now bitcoin would have reached $100+k or even more but because of the memecoins people are diversifying their investment and splitting their investments across the memecoins and if those funds channel to bitcoin then boom us the name. If you invest in memecoins for a long term, there would be a problem and if you invest in short term there would be a problem so it is always at the investors risk.

memecoins are offered more to the social media for new investors coming into crypto. most of us here in the community only tries memecoins for the purpose of earning a few bucks and then try another memecoins to get more sats.

it does serve some purpose in some ways after all the goal is for adoption of crypto and starting in memecoins seems to be working. it wasn't so important but seems to be allowing people into crypto.

[GideonGono]

I think meme coin helps crypto grow or pull some investors into crypto space.
Good or bad publicity is still publicity, and meme coins are being promoted in so many social media platforms for airdrops or for fun.
It also helps other trader to gain profit, because of its volatility, but we also shouldn't ignore the potential risk on investing in it.

[asriloni]

There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.

It doesn't evem make sense you were only generalizing meme tokens here.



Do you actually forget this? As of right now, almost 2.4 million tokens are available and these tokens have been released to the market. Out of the thousands of cryptocurrency on the market, there will always be a few that are genuine. It has nothing to do with shitcoin tools. You seem not to even be aware of that. Shit tokens are becoming a common tool to turn a destitute guy into a fortune over night.
People were making huge investments in it since they thought they would one day become very wealthy. Memes have obviously been doing really well thus far. It has managed to amass over 60 billions in total market capitalization in spite of several accusations.

The number of investors in what some deemed to be worthless tokens is astounding. Nowadays, institutional investors are beginning to purchase the garbage tokens as well.

You have to know whether the trend is moving slowly but certainly. Those coins that have been trading at a very high price are not necessarily reliable. That will be really detrimental to you.

[danherbias07]

There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.

Good for you.

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today. I mean, it is made without a purpose and just lives with the hype and how investors will react to the demand to boost it more.
It's nice that it's sold cheaply but still, the possibility of becoming dust is there. So, would we really risk our little money for that? Be could buy some satoshis and keep it, try to accumulate more with our little earned money but trusting a meme coin will probably not be wise for long-term holding. I did buy a meme coin before but it didn't take long until I sold it back with little profits. I think it's best to keep it that way, to earn money in trading in a rush while we are monitoring the market.

[kotajikikox]

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today.

Welcome to this new generation!

You’d notice that a lot of useless things can gain money nowadays as long as it gets people talking and interested. Just look at NFTs for example, many bought it not for its utility but just because they wanted to own some artworks even if it isn’t physically. I never really understood the point of nfts but if people like it and it gives them profit then who am I to judge?

[d3nz]

There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.

Good for you.

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today. I mean, it is made without a purpose and just lives with the hype and how investors will react to the demand to boost it more.
It's nice that it's sold cheaply but still, the possibility of becoming dust is there. So, would we really risk our little money for that? Be could buy some satoshis and keep it, try to accumulate more with our little earned money but trusting a meme coin will probably not be wise for long-term holding. I did buy a meme coin before but it didn't take long until I sold it back with little profits. I think it's best to keep it that way, to earn money in trading in a rush while we are monitoring the market.

In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype.  Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.

[betswift]

There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.

Good for you.

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today. I mean, it is made without a purpose and just lives with the hype and how investors will react to the demand to boost it more.
It's nice that it's sold cheaply but still, the possibility of becoming dust is there. So, would we really risk our little money for that? Be could buy some satoshis and keep it, try to accumulate more with our little earned money but trusting a meme coin will probably not be wise for long-term holding. I did buy a meme coin before but it didn't take long until I sold it back with little profits. I think it's best to keep it that way, to earn money in trading in a rush while we are monitoring the market.

In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype.  Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.

Memecoins are good and bad at the same time. It brings new users and liquidity, but it has mostly zero value for the ecosystem. Some people earn money, some people lose their money and leave the system.

[Kocret02]

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

[CK485]

In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype.  Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.

It is difficult to gain profit value with a thorough understanding of meme coins that do not offer some use with unclear benefits that turn out to be not good to keep for the long term, with little profit value obtained  just as aimless hype it is difficult to get the expected profit.

[Yamifoud]

Despite the hype and the popularity that these meme coins brought to the crypto space, still doesn't change the fact that these coins are not built for long-term investment but just for short-term deals. Or potentially reliable.

I won't say they are totally not important because for some reason this also gives a chance for investors to earn money while participating in the hype. But because the majority of meme coins are scams (and turn scams) this won't convince us that it was made with good intentions and that people will still be okay without them than losing their money.

[Asyifiah]

Everyone has freedom in the crypto space, including coinmeme which is currently a trending topic on the bitcointalk forum. Yes, maybe many people don't need meme tokens, but the presence of memecoins in the crypto space has created a new atmosphere, many people know that a joke token can give big profits and many are also trapped in losses, so there are many variations that we can take with the emergence of this coinmeme.

[leonair]

Everyone has freedom in the crypto space, including coinmeme which is currently a trending topic on the bitcointalk forum. Yes, maybe many people don't need meme tokens, but the presence of memecoins in the crypto space has created a new atmosphere, many people know that a joke token can give big profits and many are also trapped in losses, so there are many variations that we can take with the emergence of this coinmeme.

Investing in memecoins is very risky. Chances of profit after investing in memecoins are very low but suddenly after pumping some time it goes to dumping and as a result the investors suffer a lot. We must be careful before investing in memecoins.  Try to stay away so that money is not at risk after investing. If we want, we can find some good coins from altcoin and invest. Investing in altcoins does not have much chance of losing money.

[FanEagle]

I mean aside from bitcoin and maybe ethereum, I do not think that anything is important for the crypto world, doesn't feel like it would be a must. Memecoins are of course not important at all, all the things they claim to do for the market was done before the meme ones to other stuff, they are not brining extra new money, and even if they do, then it is a small amount that is insignificant that would not be missed.

All in all, I believe that we should not be really considering them as important at all, we should consider them as something that is useless and just happens to be a bug in the system. They do hurt a lot of peoples economy as well, their price gets inflation by few tokens at start, and then crash when all the tokens are released, making people lose money hand over fist.

[bastian466]

Meme coins are part of a type of crypto whose trend always attracts public attention with the incident of Elon adopting the DOGE coin. From this incident, the coin meme trend became a lot of new coin memes emerging to this day. Coin memes are always the subject of controversial discussions, but make no mistake, coin memes have a large community that enlivens the crypto market