"Meme" coins are ruining everything

[lalabotax]

What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?

Sometimes, to be honest, I think so too. It is quite difficult to accept the various onslaught of meme coins, which are often not worth it and do not meet the market's convincing criteria. But unfortunately, that's precisely what often appears. And in fact, this time, many parties are actually deliberately looking for meme coins to optimize the profits they can get. Here, we understand that what we want is related to profits, whatever it is. So, as long as we can optimize it, just continue using meme coins, no matter how we like them, they are sometimes quite worth it. But if we really don't like them, then just avoid them. There's no need to think about it because there will definitely still be lots of developers who will create more coin memes in the future.

[kentrolla]

What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?

Sometimes, to be honest, I think so too. It is quite difficult to accept the various onslaught of meme coins, which are often not worth it and do not meet the market's convincing criteria. But unfortunately, that's precisely what often appears. And in fact, this time, many parties are actually deliberately looking for meme coins to optimize the profits they can get. Here, we understand that what we want is related to profits, whatever it is. So, as long as we can optimize it, just continue using meme coins, no matter how we like them, they are sometimes quite worth it. But if we really don't like them, then just avoid them. There's no need to think about it because there will definitely still be lots of developers who will create more coin memes in the future.

Yes that's the problem because even the people they are moving away from features and utilities which a project provides and just blindly going for memecoins with the expectations that's it would provide better ROI than other coins but people shouldn't be focussing on few projects which were successful they need to look at the number of memecoins which has failed then they would realise the chances of getting profit from memecoins are very thin. Unfortunately money and greed has taken over.

[Best-mary]

Some memecoins will stay simply because of internet culture, most will crash and burn.

Personally, I don't find them useless and I don't see them "ruining everything". How are we going to expect the masses to be able to use these networks if memecoins are causing them to become unusable? Memecoins are the perfect stress test for these blockchains so everyone can improve the current networks we have.

Memecoins are just the fun of it. It is like saying, hey! Take a break from your hard work and chill a little. Or like reminding you that you shouldn't take life seriously. Is just for the fun and making money out of fun is Fun!!
I mean look at Brett, Slerf, MFER and now we have KOKO. All with no sense but are all funny. Just know what to invest so you won't lose your money

[johnsaributua]

Let's say for the network base on the farcaster platform, I almost daily work and get my meme assets there, and so far it is quite cheap, unless there are certain platforms that allow to mint nft memes as well. So far from free I got probably hundreds of times more profit than just the fee I spent, because there are also some projects that are connected to Twitter and its establishment.
===========================
If there is a crowd on the coins you mentioned such as btc, eth etc., I agree that these coins have good fanatics in investment, even though they are expensive, they are willing to queue and get them. Coin meme is like a joke and the price is very cheap and even free, but so far I have also been helped and made a considerable profit from coin meme.

My principle, the existence of meme coins is a complement and another alternative when favorite coins are so expensive, and allow me to dca with little capital, or to send on an errand. Because what I want is cheapness, convenience, smoothness in money transactions even with meme coins. Naturally, in the market it is difficult to concentrate on choosing meme coins, because there are quite a lot of activists, but so far many meme coins are also reputable.

[bluebit25]

The memecoin craze shows no signs of slowing down. There is a growing wave of investors pursuing "get rich quick" dreams, and currently, they appear to be outnumbered by those focused on utilities. I see memecoin could even act as a gateway to an entire ecosystem. Have you seen the rise of Solana due to memecoin hunters as a prime example! Developers are adaptable, capable of integrating memecoin into their protocols to keep the momentum going. So even with an influx of memecoins, this space could continue to thrive as long as there is a balance between hype and utility present over the long term.

[avp2306]

The memecoin craze shows no signs of slowing down. There is a growing wave of investors pursuing "get rich quick" dreams, and currently, they appear to be outnumbered by those focused on utilities. I see memecoin could even act as a gateway to an entire ecosystem. Have you seen the rise of Solana due to memecoin hunters as a prime example! Developers are adaptable, capable of integrating memecoin into their protocols to keep the momentum going. So even with an influx of memecoins, this space could continue to thrive as long as there is a balance between hype and utility present over the long term.

No sign of slowing down since investors nowadays are normalize the pump and dump schemes happening on that tokens. And they are aware on what's happening and the only thing they need to do is to became an early investor then earn with these token. Also to many people hyping this meme coins then show their big gains that's why there's a lot of people got interest to invest since they also want to experience getting the same profit and now they are trying to engage with those risky tokens. Meme coin is really a bad choice of investment especially for newbies but sometimes this is the only thing they know that's why they should really do a research so that they can sustain their investment and became sustainable as an investor.

[Sophokles]

The memecoin craze shows no signs of slowing down. There is a growing wave of investors pursuing "get rich quick" dreams, and currently, they appear to be outnumbered by those focused on utilities. I see memecoin could even act as a gateway to an entire ecosystem. Have you seen the rise of Solana due to memecoin hunters as a prime example! Developers are adaptable, capable of integrating memecoin into their protocols to keep the momentum going. So even with an influx of memecoins, this space could continue to thrive as long as there is a balance between hype and utility present over the long term.

The risk and reward ratios are too high. Those who are risking their money, i think they know they can not risk any money that they can not afford to lose. Also some of the OG meme investor became so good at them that they made millions of dollars from meme project. They have a better instinct that tells them in which project they should invest; otherwise, someone can make millions of dollars only by investing in a meme project. Most of the meme investment by these people saw profit.

[Bureau]

The risk and reward ratios are too high. Those who are risking their money, i think they know they can not risk any money that they can not afford to lose. Also some of the OG meme investor became so good at them that they made millions of dollars from meme project. They have a better instinct that tells them in which project they should invest; otherwise, someone can make millions of dollars only by investing in a meme project. Most of the meme investment by these people saw profit.

Investing in any crypto has its own risk and rewards. While big crypto like ETH, BNB and new ones like SOL are giving decent returns, meme coins are generating 10x or more returns to investment. In such scenario it is natural that anyone investing in crypto would divert their investment in these shit coin than into those that provide utility and stability.

[Publictalk792]

Memecoin craze in cryptocurrency world is very interesting. It is getting more popular every day. Some people are investing in memecoins to make quick money while others think memecoins could become more important. Memecoins could open up new possibilities for cryptocurrencies. For example Solana value went up because of memecoins. This shows how meme coins can affect market. Developers are also thinking to use memecoins in their projects showing how creative crypto community is. If people can balance excitement with practicality memecoins could do well in future. It will be exciting to see what happens next and if memecoins become a big part of digital assets.

[Oasisman]

decentralization, of course.

What's your opinion on this?

Nothing's last forever though, but for sure the meme coin hype will last longer just because a lot of people are trying to get good profit faster than trading in the market or hodling bitcoin and other promising altcoins. We have witnessed how a handful of memecoin get up to 1000+ profit in just a matter of months. That alone is the reason why the hype will never end, people are willing to gamble to a coin that doesn't even have any uses.
These never ending creations of memecoin may not be the only thing that contributes to network traffic, there are also a few main factors. This either could be a really bad and frustrating thing especially for those who constantly have transactions, and it could also be a good thing so the developers would strive to continue to innovate the network problems.
Therefore, I think I can consider this a good thing to stay until people will have to lose more and realize on the latter LOL. Of course in the lighter side the devs will have a quite challenging scenarios to fix the network problems.

[Essential10]

As the price of Bitcoin increases, many people withdraw from Bitcoin investments and are more attracted to meme coins. Meme Coin is creating a lot of hype in the market due to the big celebrities and the popularity is increasing day by day. Because meme coins are cheap, most people expect to get more for less. Meme coins can provide the highest returns as well as the highest risk investment. When different coins start to increase in value, we see a good pump in two-one new coins out of thousands of meme coins, but the coin cannot be accurately predicted in advance as the one that will pump. Can't deny that Meme Coin won't be successful in the future. Meme Coin may be successful in the future, but I really don't know which coins are worth investing in.

[Hispo]

As the price of Bitcoin increases, many people withdraw from Bitcoin investments and are more attracted to meme coins. Meme Coin is creating a lot of hype in the market due to the big celebrities and the popularity is increasing day by day. Because meme coins are cheap, most people expect to get more for less. Meme coins can provide the highest returns as well as the highest risk investment. When different coins start to increase in value, we see a good pump in two-one new coins out of thousands of meme coins, but the coin cannot be accurately predicted in advance as the one that will pump. Can't deny that Meme Coin won't be successful in the future. Meme Coin may be successful in the future, but I really don't know which coins are worth investing in.

It is a very lacklustre argument, in my opinion, to only invest in a coin because it's low price and due to the price of Bitcoin being high.
We all know Bitcoin is divisible and easily handled in decimal fractions, so there should not be a problem how Bitcoin becomes now or in the future. The problem starts when too many people start to fall into the delusion that having thousands of shitcoinnin their wallet will make them earn much money.

In reality, a handful of satoshis will be always be more valuable than millions of shitcoins and the so-called "memecoins". Because, let us not forget, memecoins are nothing without the hype and the support from the community behind the coin, both of those factors being very volatile and changing through time. As soon as the community moves on from the coin to the next one, inevitably the memecoin turns into the typical shitcoin plummeting to near zero. 

[jrrsparkles]

This is frustrating, because there are users who want to use crypto for day-to-day payments. Not for speculating or getting rich quick. Developers are going to need to constantly improve on-chain scalability to keep fees as low as possible. That's without undermining decentralization, of course.

If it's just hype, it won't last for very long so these clogs can clear on its own but I just want to mention about the quoted part. How many crypto users are actually using cryptos for payments not as investment?

Majority of the crypto users are here because of its speculative nature not because of decentralisation and no need of third party called banks between payments but we can't force anyone to do anything and that's what the decentralisation is meant to be.

Every other crypto tokens are also based on hype so we should not be received about that if we don't know how it works.
Some timea I wondered why they are called meme coins because I see nothing wrong with them because their are lots of investors that has made some good fortunes from holding meme tokens. Even Elon Must knows that their are good meme coins in the market we can make some good fortunes from holding them so we should not be surprised about that.

The idea of memecoin is just launched as fun project but it holds the potential which took them to this level among the crypto users but the emergence of new memecoin projects after the success of few is overwhelming and clogging the crypto space but as said any hype will get exhausted over time and only projects with potential can survive.

[Denamen]

It's not bad like that. A meme coin is just for fun, like buying a lottery. Most of them are trash, but I think people know it. It's just a hype trend for newbies who don't know about crypto before. Spend a few bucks, and they join the crypto market. That's the mission of a meme coin: to spread awareness about crypto to the world.

[dunfida]

decentralization, of course.

What's your opinion on this?

Nothing's last forever though, but for sure the meme coin hype will last longer just because a lot of people are trying to get good profit faster than trading in the market or hodling bitcoin and other promising altcoins. We have witnessed how a handful of memecoin get up to 1000+ profit in just a matter of months. That alone is the reason why the hype will never end, people are willing to gamble to a coin that doesn't even have any uses.
These never ending creations of memecoin may not be the only thing that contributes to network traffic, there are also a few main factors. This either could be a really bad and frustrating thing especially for those who constantly have transactions, and it could also be a good thing so the developers would strive to continue to innovate the network problems.
Therefore, I think I can consider this a good thing to stay until people will have to lose more and realize on the latter LOL. Of course in the lighter side the devs will have a quite challenging scenarios to fix the network problems.

If you do try to look into those DEX around then you would really be able to see on how many coins that been created which some do pump on x1000 or even more and this is where some traders or investors
do really love on diving on.Yes, its risky but this one could really give out that kind of possibility that could make you rich once you do hit up the right coin and this is where these traders do really love to put up some money.
Meme coins are shit but its a shit that you would really be able to make you rich and this what makes that interesting and this is why they would really be that tending to take up risk for those probabilities.

They do really ruin? In personal perspective or pov then you would really be that be ruined if you are really that knowing about to handle up the risks but to those who do able to
to have that kind of risks management and able to make money then this is something that positive for them.

[Huppercase]

What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?

Your input would be greatly appreciated. Thanks in advance.

I'm just coming from a thread that is similar to this one and I will drop this one again. Last bull run right, a lot of coins pump and people weren't so worried about which one is next and which is not but in this bull run, Bitcoin halving that is responsible for the event hasn't even started yet but it seems a lot of people are gas lightning the entire thing to make quick money and it's not working as they are manipulating it and they all moved to meme coins since it was what pumped the most in the last bull run.

I have noticed that when a coin lack untility and it pumped, after that period it dump and might be there after a while, then some people will buy more and when they see that it's not pumping as they expected, the selling continues until it run out of volume, I'm very sure that these phase will soon fade out when real coins started making moves especially when dominance start to move to those coins.

[Abiky]

If it's just hype, it won't last for very long so these clogs can clear on its own but I just want to mention about the quoted part. How many crypto users are actually using cryptos for payments not as investment?

Majority of the crypto users are here because of its speculative nature not because of decentralisation and no need of third party called banks between payments but we can't force anyone to do anything and that's what the decentralisation is meant to be.

Exactly. I can't recall of anyone using crypto for payments other than as a long-term investment. Only a small minority does otherwise. We can blame exchanges for this. They've encouraged people to buy/sell crypto like stocks. Crypto/Blockchain tech can never reach its full potential this way. Things are even worse with "meme" coins as they become some sort of "get rich quick" scheme.

Developers these days are focusing more on quantity instead of quality. The mere fact that most "meme" live on existing blockchains (instead of their own) says it all. At least, it's a "free market". As long as decentralization wins, there should be nothing to worry about.

[ndutndut]

Sometimes, to be honest, I think so too. It is quite difficult to accept the various onslaught of meme coins, which are often not worth it and do not meet the market's convincing criteria. But unfortunately, that's precisely what often appears. And in fact, this time, many parties are actually deliberately looking for meme coins to optimize the profits they can get. Here, we understand that what we want is related to profits, whatever it is. So, as long as we can optimize it, just continue using meme coins, no matter how we like them, they are sometimes quite worth it. But if we really don't like them, then just avoid them. There's no need to think about it because there will definitely still be lots of developers who will create more coin memes in the future.

Indeed, the meme coin phenomenon is currently on the rise, in fact it is difficult to avoid, although there are also meme coins that have a positive impact, there are also those that have a negative impact and even damage the crypto space. In the ever-changing and evolving crypto world, the negative impact of meme coins is not only troubling but also has the potential to harm the crypto ecosystem as a whole. There are some meme coins that may have a positive impact, but quite a few are fake, or even cause disappointment in the following months for their holders, this is best avoided.

For me, meme coin can be a market dump or pump guide in terms of volatility and number of coin habitats as well as user behavior patterns, because the meme coin shortcut is the easiest dream for many traders who want to get multiple profits.

[hitsnorth]

I see "meme" coins are clogging up Blockchains and rendering them useless, as the hype shows no signs of slowing down. Blockchains like ETH, BTC, and even Polygon/MATIC have seen an increase in network fees. Even Coinbase's ETH L2 network (BASE) have been affected by "meme" coins.

This is frustrating, because there are users who want to use crypto for day-to-day payments. Not for speculating or getting rich quick. Developers are going to need to constantly improve on-chain scalability to keep fees as low as possible. That's without undermining decentralization, of course.

What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?

Your input would be greatly appreciated. Thanks in advance.

I don't think that memecoins will actually move the industry, they are parasites of it, not action makers IMO. And hype will definitely not last forever. Memes are dying fast. The industry will be fine.

[JeffBrad12]

I don't think that memecoins will actually move the industry, they are parasites of it, not action makers IMO. And hype will definitely not last forever. Memes are dying fast. The industry will be fine.

meme coin is just speculation tool really nothing more, it pumps and dumps in the blink of an eye, some still retain its market cap maybe because its too big but then again its just speculation tool.
the trend, will not dies out, the trend meme coin quite literally has been being recycled for 3 cycle of bullrun and still exists to this day.

Memecoin craze in cryptocurrency world is very interesting. It is getting more popular every day. Some people are investing in memecoins to make quick money while others think memecoins could become more important. Memecoins could open up new possibilities for cryptocurrencies. For example Solana value went up because of memecoins. This shows how meme coins can affect market. Developers are also thinking to use memecoins in their projects showing how creative crypto community is. If people can balance excitement with practicality memecoins could do well in future. It will be exciting to see what happens next and if memecoins become a big part of digital assets.

meme coin in essense just extracting out that speculative nature of certain coin and make it more clear for the people, in stock we got low market cap stock that is just shit tier stock for pump and dump in crypto we got meme coin, its basically just a money game and whoever participated in it should already be ready to lose their money after all game always have winner and loser but with meme coin the amount of winner definitely lower than the loser since how else can people make millions just with some random small capital if not for dumping it on people that buy it at the peak.