Memecoins Making people more profitable than Alts

[mdzahed134]

If we look closely, we can see that lately people are getting the highest returns by investing in meme coins. The amount of return people are getting by investing in meme coins is providing money for their lifetime. If we look at the market, we can see that two meme coins have entered the market in the past few days, namely Book of Meme (BOME) and Dogwifhat (WIF). These two memes have given people the amount of money that has made them millionaires. 'Book of Meme' (BOME) has pumped over 32000% in just a few days, so imagine how much people have profited from it. Dogwifhat is another meme coin that was almost worthless when it hit the market in late 2023. Notice how much this coin is pumping in the current market. That's why I think meme coins are giving people the most money returns these days. One who is favored by fortune becomes the owner of millions by investing in meme coins.

That's true, but memecoin still has a very high risk compared to other altcoins.
It would be better if we only put a small amount of money there, where the money will not affect us when it is actually lost. If you look at the pump, even if you put in a little money, it will definitely be much more because the increase in memecoin is very high, it can be 10X to 100X.

Right, if MEME coins are very high risk so we can try with small amount of money, then if the project will not success so there are no chance to affect on our life, because with small amount of money your risk is less as like 10$-20$ but profit can be high even some people got million dollars just invest some dollars in MEME projects, SHIBA INU can be a big example.

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[johnsaributua]

I often hear statements about how alienated, discarded or not considered as an investment maybe a few years ago, it makes me stifled. But with the positive impact generated from memecoin and its development, real meme coins bring profits. potentially early and get a short return (analysis) Indeed, everyone can choose to hold fundamental coins in the bull season like today, even though the benefits may not be too significant, if you talk about stability, of course it's a reality.

For me it is difficult to get a usecase coin price that is already very high can plunge to the bottom with no dirty notes (for example luna) and even tends to be very long to expect. Surviving in long-term assets for me is only 2 main coins, the rest I prefer to take profit especially memecoins with very effective hype. of course I prefer scalping meme coins, if saving 50% for other long-term usecase coins is also wiser, in my opinion.

[kentrolla]

Meme coins are altcoins too and most altcoins are still a complete waste of money, now it is clear that with so many people being interested in them, that some success stories will appear, which will inspire other investors to follow on their footsteps.

But those profits do not come from nowhere, in order for those monster gains to appear, others have to suffer monster losses as well, and when you add that it is almost impossible to predict which meme coin will succeed, it is not surprising that a great deal of the community still has huge misgivings about investing in meme coins.

In every Altcoin market their must be some bad ones and the good ones all together, it would not matter as we often generalize Altcoins and Memecoins as being risky despite having the ones that are capable of giving good returns of profit. Some Memecoins is to be avoided but not totally avoided, their are few which is worth for we investing in them, I know some which deserves such, so we best take our time and dog watch which of the memecoins is suitable and profitable to invest in.

If that is your stance I can understand it, but I have the opposite view, the majority of meme coins are not worth your investment, and when I say the majority I am talking about 95% to 99% of all the meme coins that exist.

So when the percentage of meme coins that are not worth our money is so low, I am not going to use my limited time trying to find a needle in a haystack, to me it is better to look for projects with much higher chances of giving you a positive return, even if that means that return is smaller.

Let's not be too sentimal, you actually judging from a deductive aspect, memecoins are known to be hirely misleading but out of them all, few have been proven to be successful, many investors has gotten enough profits risking it in these memecoins and earned a lot more than they have in any Altcoin. It is advisable when dealing with memecoins, one should invest little, something we can do without even if the price drops to zero, it wouldn't affect our standards of living, we only need to apply caution when dealing with them and not totally avoiding them, it's a personal decision aswell.

I think this applies to me as well because I have been judging memecoins from deducting aspect only wherein the amount of people lost money in memecoin had overshadowed the profits and amount of people benefitted by memecoins. It's a fair point which you have mentioned as it's a very sensible advice to invest only what you can afford to lose without having impact on your standard of living because the problem arises only when we go all in and invest every last dime we have.

[Obim34]

Meme coins are altcoins too and most altcoins are still a complete waste of money, now it is clear that with so many people being interested in them, that some success stories will appear, which will inspire other investors to follow on their footsteps.

But those profits do not come from nowhere, in order for those monster gains to appear, others have to suffer monster losses as well, and when you add that it is almost impossible to predict which meme coin will succeed, it is not surprising that a great deal of the community still has huge misgivings about investing in meme coins.

In every Altcoin market their must be some bad ones and the good ones all together, it would not matter as we often generalize Altcoins and Memecoins as being risky despite having the ones that are capable of giving good returns of profit. Some Memecoins is to be avoided but not totally avoided, their are few which is worth for we investing in them, I know some which deserves such, so we best take our time and dog watch which of the memecoins is suitable and profitable to invest in.

If that is your stance I can understand it, but I have the opposite view, the majority of meme coins are not worth your investment, and when I say the majority I am talking about 95% to 99% of all the meme coins that exist.

So when the percentage of meme coins that are not worth our money is so low, I am not going to use my limited time trying to find a needle in a haystack, to me it is better to look for projects with much higher chances of giving you a positive return, even if that means that return is smaller.

Let's not be too sentimal, you actually judging from a deductive aspect, memecoins are known to be hirely misleading but out of them all, few have been proven to be successful, many investors has gotten enough profits risking it in these memecoins and earned a lot more than they have in any Altcoin. It is advisable when dealing with memecoins, one should invest little, something we can do without even if the price drops to zero, it wouldn't affect our standards of living, we only need to apply caution when dealing with them and not totally avoiding them, it's a personal decision aswell.

I think this applies to me as well because I have been judging memecoins from deducting aspect only wherein the amount of people lost money in memecoin had overshadowed the profits and amount of people benefitted by memecoins. It's a fair point which you have mentioned as it's a very sensible advice to invest only what you can afford to lose without having impact on your standard of living because the problem arises only when we go all in and invest every last dime we have.

Then it's perfect you came across this thread, we learn everyday now you must have known judging from a deductive aspect is a wrong way to measure if to invest in memecoins or not. Basically memecoins wouldn't have the trademark of being scam like if individuals never choose taken advantage of the number of investors who are willing to invest massively due to the quick price pump, among all memecoins, we still have few worth to invest in.

[Dailyscript]

Memecoins are altcoins too just they are clearly made for the purpose of profits and have no real world utility, they do so well cause of the hype and promotion around them taht most alts dont have, thats why so many scammers chsose to take their form to steal money cause hypes rules the meme world and the coins with teh most hyoe wins and majorly there is no way of identifying which is a good coin from all of them.

It is easy to come up with a memecoin. Anyone could just create one and give it the hype it deserved and boom they are fucking rich after a short time. I dont like memcoin because they lack utility just like what you have said. Any altcoin that do not have any usage in real world i avoid it and wont put my money into it. Whether gains or not i am not interested in memecoins. Unless i used money i would want to waste on drinks and parties to invest in memecoins if not that i dont think i would be willing to give someone my money. This is because in memecoins. 50% f investors lose and 50% gain. If you are unlucky you will be part of the half that gain from it but if you are unlucky you will see your money go within days.

[batang_bitcoin]

Memecoins are also alts.

Sure, memecoins are also altcoins so why would the op make such a statement with all the experience he has here in this forum. Aside Bitcoin, all other coins are altcoins. However meme coins are know to be more volatile than other coins, and that means they can pump rapidly or dump rapidly. So in as much as they make investor become rich, they can also drain make them encounter lots of loses. Due to the fact that memecoins are the current hype, we now have lots of scam project that will definitely become shitcoins after a while, meme coins are short term coins for investment.

All cryptos are volatile except stable coins but even with that, I can see some stable coins that have been moving under some cents and trying to depeg. And what you've said is a warning to those that like most memecoins. If they're in profit, that's nice but if they start to see themselves getting losses, let it be as a lesson for them to remember.

[GreatArkansas]

Memecoins are altcoins too just they are clearly made for the purpose of profits and have no real world utility, they do so well cause of the hype and promotion around them taht most alts dont have, thats why so many scammers chsose to take their form to steal money cause hypes rules the meme world and the coins with teh most hyoe wins and majorly there is no way of identifying which is a good coin from all of them.

It is easy to come up with a memecoin. Anyone could just create one and give it the hype it deserved and boom they are fucking rich after a short time. I dont like memcoin because they lack utility just like what you have said. Any altcoin that do not have any usage in real world i avoid it and wont put my money into it. Whether gains or not i am not interested in memecoins. Unless i used money i would want to waste on drinks and parties to invest in memecoins if not that i dont think i would be willing to give someone my money. This is because in memecoins. 50% f investors lose and 50% gain. If you are unlucky you will be part of the half that gain from it but if you are unlucky you will see your money go within days.

In short, GAMBLING.

Of course, most people know how meme coin works and right now it is very hot because of the enormous returns but there are already a lot of people losing a lot of money because of it, high risk high reward.

There's nothing wrong with buying meme coins, some are just using this to make money and that's all, and you are correct that it's no use in real world, people just want to make money.

[Bureau]

Memecoins are altcoins too just they are clearly made for the purpose of profits and have no real world utility, they do so well cause of the hype and promotion around them taht most alts dont have, thats why so many scammers chsose to take their form to steal money cause hypes rules the meme world and the coins with teh most hyoe wins and majorly there is no way of identifying which is a good coin from all of them.

Yes, meme coins are altcoins and their purpose has changed significantly. When Dogecoin was created it was told as a joke coin slowly, the crypto gambling industry started to accept it, which created a utility for that coin. As of now, the new age meme coins are a pump and dump scheme as per my understanding.  Those who enter early make good profits and those who don't, have to wait for the bull market to come.

[JeffBrad12]

Memecoins are also alts.

Sure, memecoins are also altcoins so why would the op make such a statement with all the experience he has here in this forum. Aside Bitcoin, all other coins are altcoins. However meme coins are know to be more volatile than other coins, and that means they can pump rapidly or dump rapidly. So in as much as they make investor become rich, they can also drain make them encounter lots of loses. Due to the fact that memecoins are the current hype, we now have lots of scam project that will definitely become shitcoins after a while, meme coins are short term coins for investment.

All cryptos are volatile except stable coins but even with that, I can see some stable coins that have been moving under some cents and trying to depeg. And what you've said is a warning to those that like most memecoins. If they're in profit, that's nice but if they start to see themselves getting losses, let it be as a lesson for them to remember.

people seem to forget the fact that when someone cashes out big profit from meme coin there's people losing buying at peak, its not really profitable for many people but they don't tell anyone about their losses, at least with some coin with real product you got product that can be utilized but many meme coin trend are short lived.
in this case like as you mentioned even meme coin fall under category of altcoin and meme coins and other altcoin generally are just as volatile depends on the coin we are talking about here.
if its stablecoin indeed there's some case where the stablecoin are being volatile, i still remember when usdt and usdc has some value decrease, usually most of the stablecoin that depegs are made algorithmic stablecoin where they didn't really peg their coin to usd but to other coin to keep value.

[Strongkored]

Right, if MEME coins are very high risk so we can try with small amount of money, then if the project will not success so there are no chance to affect on our life, because with small amount of money your risk is less as like 10$-20$ but profit can be high even some people got million dollars just invest some dollars in MEME projects, SHIBA INU can be a big example.

It is usually said to use money that we can afford to lose, even for a whale investing thousands of dollars is not a problem for because he has assets that are bigger and that is the value he can still afford to lose, and the amount we dare to risk will also affect the profits obtained.

With only tens of dollars to expect millions of dollars, we can only get it if we become early investors where the price is still very cheap, but if the meme-coin has already received a lot of attention from crypto lovers and has even experienced pumping, then the small amount we invest is impossible to provide millions of dollars.

Memecoin does provide many benefits at the moment, but if you enter the market late it will result in losses so timeliness will greatly affect the profits obtained.

[arjunmujay]

Right, if MEME coins are very high risk so we can try with small amount of money, then if the project will not success so there are no chance to affect on our life, because with small amount of money your risk is less as like 10$-20$ but profit can be high even some people got million dollars just invest some dollars in MEME projects, SHIBA INU can be a big example.

It is usually said to use money that we can afford to lose, even for a whale investing thousands of dollars is not a problem for because he has assets that are bigger and that is the value he can still afford to lose, and the amount we dare to risk will also affect the profits obtained.

With only tens of dollars to expect millions of dollars, we can only get it if we become early investors where the price is still very cheap, but if the meme-coin has already received a lot of attention from crypto lovers and has even experienced pumping, then the small amount we invest is impossible to provide millions of dollars.

Memecoin does provide many benefits at the moment, but if you enter the market late it will result in losses so timeliness will greatly affect the profits obtained.

These memecoins are more similar to coins on a casino table in my opinion. when placing a few coins it can turn into a lot in an instant. Likewise, if we set the wrong price we could lose our money. The difference is that maybe when playing gambling we lose everything, but in memecoin we can still adjust the CL so that there is still a little left.

choosing coins early while the price is still cheap is the best choice, without thinking about the results. because we still don't know how the coin will move. can attract a lot of investors or it will just be a shitcoin.

[batang_bitcoin]

All cryptos are volatile except stable coins but even with that, I can see some stable coins that have been moving under some cents and trying to depeg. And what you've said is a warning to those that like most memecoins. If they're in profit, that's nice but if they start to see themselves getting losses, let it be as a lesson for them to remember.

people seem to forget the fact that when someone cashes out big profit from meme coin there's people losing buying at peak, its not really profitable for many people but they don't tell anyone about their losses, at least with some coin with real product you got product that can be utilized but many meme coin trend are short lived.
in this case like as you mentioned even meme coin fall under category of altcoin and meme coins and other altcoin generally are just as volatile depends on the coin we are talking about here.
if its stablecoin indeed there's some case where the stablecoin are being volatile, i still remember when usdt and usdc has some value decrease, usually most of the stablecoin that depegs are made algorithmic stablecoin where they didn't really peg their coin to usd but to other coin to keep value.

Every market that you win, there's always the opposite side that losses. If that loser don't want to lose, they shouldn't get into this market. Because if they do so, they are aware that they can be a winner or a loser. Even if we want to get into the altcoins that have utilities and have real use case, the trend right now has changed and people have chose to get into memecoins. But despite that, there are still a lot of us that chooses to be into those projects that has real use case. As for the stable coins, they don't lose quickly their value but the known ones are unlikely to. But if they do, they decrease in value so slowly.

[wxa7115]

people seem to forget the fact that when someone cashes out big profit from meme coin there's people losing buying at peak, its not really profitable for many people but they don't tell anyone about their losses, at least with some coin with real product you got product that can be utilized but many meme coin trend are short lived.
in this case like as you mentioned even meme coin fall under category of altcoin and meme coins and other altcoin generally are just as volatile depends on the coin we are talking about here.
if its stablecoin indeed there's some case where the stablecoin are being volatile, i still remember when usdt and usdc has some value decrease, usually most of the stablecoin that depegs are made algorithmic stablecoin where they didn't really peg their coin to usd but to other coin to keep value.

There is no such thing on this world as a free lunch, if someone earned 100x their initial capital, then in aggregate there are traders that lost an amount even bigger than that, as we must remember that exchanges also charge fees for each trade you do.

This means that for every success story we read on social media, there are dozens of stories that are not shared of people that lost everything, and they suffered those losses just because they were pursuing an impossible goal as they thought this was the right way for them to make a lot of money.

[peter0425]

There are lots of memecoins out there that are breaking boundaries however most of them only are hyped and if you are clever enough then you can definitely get some profits. One thing to do is find the coin before anyone else does but that might seem difficult and risky.

you could maybe try investing in some airdrops which most if not all new products go as per launch and just wait which one will give you enough luck