Why are more people getting excited about memecoins?

[Solanastrong51582]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

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[Yatsan]

Because there's a hype to it.
Many people gained huge profit from $PEPE, SHIB, DOGE, and other memecoins before. Most of these coins are indeed having no utility but a hype is enough to create a demand for a certain token, and that means profit in every price increase that demand will generate. I never heard of simsol and I have a general viewpoint about memecoins; high risk, high rewards. If your risk appetite could tolerate the volatility these coins are having which is higher than most of the tokens in the market then you're free to go and invest into these coins. We cannot really say memecoins are trash because many people benefit from these projects still. You just have to manage the risk by setting stoploss or simply not putting that much into it, then you're good.

[dimonstration]

Pump and dump for the win. You can earn x100 or more on a short period of time due to the volatility of this token if ever you manage to enter early on meme coin that pump hard due to hype.

Meme coin is the gambling version of cryptocurrency trading because you can win big and lose big at the same time in just a blink of an eye. Meme coin creators usually do unlimited trial on creating coins that will be successful that’s why it’s very dangerous to invest on this because it’s nearly impossible to recover if ever you invested on a garbage meme coin which the dev already abandoned.

[Gozie51]

Memecoins are mostly liked because of the cheap price because you acquire millions of it and if you are lucky to have it rise at the time you bought it then you are good in money. However they are not coins to hodl for long time because just immediately at the hype hodlers are cashing out and you will be left with it as same value or something very ridiculous with you. Certainly the hype is usually on during the halving because of the bull and that is just the time for the expectation of cashout. Dogecoin for example is such that is still performing without the hype and possibly to have a good ride during the bull .

[asriloni]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

It seems to me you are willing to shill your token by adding the link to your token after your thread but im willing to tell you the exact reason why people are interesting in putting their money on meme token these days.

The massive gains scored by early investors in meme coins like Pepe ($PEPE) have shown the sector’s explosive potential.

One anonymous trader became an overnight millionaire after purchasing trillions of $PEPE tokens right after launch, setting themselves up for life-changing wealth.

https://cryptopotato.com/how-this-early-pepe-trader-became-a-millionaire-which-new-meme-coins-are-investors-backing-now/

We have seen several stories of smart investors in Shiba Inu and other cryptocurrencies who have made millions and billions from their smart trades. Among these tales, one remarkable case stands out: the journey of a Shiba Inu investor who turned an $8,000 investment into a staggering $5.7 billion.

https://watcher.guru/news/shiba-inu-investor-turns-8000-to-5-7-billion-heres-how

The cryptocurrency world is a volatile one, with fortunes made and lost in the blink of an eye. In this landscape, one name has recently emerged as a symbol of audacious success: the enigmatic trader who profited a staggering $25 million on the meme-inspired token Bonk (BONK).

https://coinmarketcap.com/community/articles/65865c666c27907a70ecabe7/

Enough? i can even give you more if you are keen to read more. Being called as a pump and dump token doesn't remove the fact that if meme token is an instant way for you to become a new millionaire.

[coin-investor]

Because of the story of a few people who made a lot of money from being an early bird and holding meme coins for a long time, people considered as a coin that was on its way to oblivion because for many years its price is dropping and losing its place in the market, until Elon Musk hype it.

Because we have seen many new meme coins or tokens some of these meme coins made people made tons of money as early bird investors.

And because of the stories of some people who made 1000 times the profit investors are on a hunt for the next meme to get hype where they can make 1000 times the profit, but with so many meme coins in the market it's hard to pick the right meme coin to invest.

[peter0425]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

I say just let those memecoins enthusiasts be.

They most likely know the risks associated with ijvesting in memecoins and at this point everyone from time and time again has said how much risk there is with investing in memecoins and it should not even be considered as a proper or profitable investment anymore.

We are all different people and what works for me might not work for others so it’s better to just do what I want as long as I know how to take the most out of it instead of just listening to other people.

[bangjoe]

Pump and dump for the win. You can earn x100 or more on a short period of time due to the volatility of this token if ever you manage to enter early on meme coin that pump hard due to hype.

Meme coin is the gambling version of cryptocurrency trading because you can win big and lose big at the same time in just a blink of an eye. Meme coin creators usually do unlimited trial on creating coins that will be successful that’s why it’s very dangerous to invest on this because it’s nearly impossible to recover if ever you invested on a garbage meme coin which the dev already abandoned.

In essence, the orientation of people who invest in meme coins is very high profits, because a lot of memecoins today get good insight from investors and make it very hype.
Whether you consider it gambling or whatever, I think everyone has their own point of view and has their own risk management in investing in meme coins, and yes, don't take too long if the coin has received very high exposure and increase, the investment I made at that time became the exit liquidity of others who had previously made purchases.
This can be considered gambling can also be considered a waste of money without expecting more, therefore use small money in purchasing any meme coin.

[btc78]

I don’t think people are ever going to stop being excited of memecoins until they stop being profitable. I know that memecoins are risky but every once in a while there is something that surges and now everyone is interested again.

If one project becomes successful most investors tend to find similar but cheaper projects just to see if they can get lucky and then they will all end up hyping memecoins all throughout the rest of the year which is why it might be less likely to stop memecoins from being hyped by lots of investors.

[God bless u]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

I think this is because meme coins have given some very good profits to its investors in the previous couple of months. Especially coins like Shiba, Doge , Pepe etc are the ones which have performed really well on particular occasions in the year 2023 so because of high profits people prefer to invest in meme coins.

Moreover the high profits ratio as compared to altcoins make them more attractive and investable. People ignore the risk side and focus more on high profits that's in our nature.

[Kelward]

The simple reason why I think that people get excited about memecoins is because it's a get rich quick scheme, although it's not always the case with all of them, some are scam projects from their creation. Some investors don't have the patience for long term projects like Bitcoin, where they'll have to wait for bull run before cashing ROI, they'll rather gamble their funds on the short term for quick profits, so it depends on the individuals to decide whether they're ready for the meme risks. I'm just hearing about this simsol, for the first time, I hope that it can make investors richer.

[albon]

I'm not following what's happening in the meme coins sector, but I have seen the hype on Bitcoin Meme Coins now after Solana. Where are all these people who are talking about Simsol?  I haven't found any X trend confirming this. Are these people prominent influencers or regular investors? Frankly, I did a little research, and it turned out that it is a new project with no large communities, and they have not yet launched their token on DEX.

I see that you're indirectly promoting the Simsol project through your topic to deprive investors of the wealth and huge profits that can be achieved through this new coin, and certainly, there are no guarantees or valid reasons for this. But okay, what does this meme offer that other meme coins do not? I do not disagree with you about the meme coins that you mentioned; they have succeeded remarkably, but no one knows what will happen to them in the future. Also, can the tens of hundreds of new meme coins on the Sloana blockchain these days become like them? I do not think so, as there are no confirmed factors and reasons for the success of these meme coins other than the great luck of those who entered them early and before they were listed on CEX.

[ajiz138]

This bunch made a lot of people rich by monetizing, so how many have lost from monetizing due to influencers? They keep sending new meme opinions to do fomo but in the end the shitcoin is worthless.
I can only count the fingers of memecoins that are pumped while more are memecoins that rugpull or fall due to banishment by dev, I don't blame anyone but those involved in the new meme coin are just like gambling.

[AVE5]

Desperate to getting rich Investors are most attracted to opportunities that could offer them riches as aspiring and that's why the MemeCoins are being flooded with investors.
Typically people gets excited over Memcoins based on their hyping and still the same hyping which gets them attracted is what leads to some Investors on Investing their funds of dead projects or even being defrauded.

[Hyphen(-)]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

Meme coins in general gives more profit on short term investments than Bitcoin itself, but the risk involved in their investment is very big.

Generally, there is too much stress involved in altcoin or meme coins investment which include doing deep research about a project before investing in it, and you also need to take a big risk to invest early so that you can benefit from the project’s first pump; meanwhile, the early investment is very risky since the project might die and you will lose all your money.

[electronicash]

we are not talking simsol actually, it is just you OP who promoted that memecoin here.

but its true memecoin is just sweeping the market and its stealing the BTC of users who are trying to buy these memecoins through their BTC hoping to make quick bucks. all these memecoins will soon have a price of $0.00000000000000001 but they will still be holding it hoping it will have a bull run moment.

[Issa56]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

The reason why people are always happy when investing in meme coins  is because of the pump which it’s always being pumped, so people are always making money, I think that’s just the only reason why people are always excited whenever they see any new meme coin. People easily make money when they invest if meme coins and they are lucky, but if you are not lucky, then you will lose everything in it, and I will say people that are losing are higher than people winning.

[Wexnident]

~

Quick money if you get lucky. It only takes about what, probably less than a month, maybe even less for a coin to do a quick pump to its peak so people can instantly profit x% amount every time. And for the most part they don't need to invest much of their money to profit that big. They just need to spend a larger amount of time though to find a coin that would look like it could pump or join the group who's going to do the pump and dump and know the timing so as to profit big. If people were saying that trading can be called gambling, then yeah, this is the gambling part they were talking about.

[Dr.Bitcoin_Strange]

One opinion I have about memes for investors is to let investors or meme coin lovers only invest the amount they can afford to lose because meme coins have the ability to make rich and also the ability to make poor. The other day, someone was complaining about how he liquidated some millions of dollars with the Pepe coin. 

Most of the time and season, lots of new meme coins always get created, and only a few end up pumping and making a few people rich. Do you think that everyone will not be rich if they actually know the meme coin that will pump so badly?That's the reason why it's necessary to apply precaution while investing in meme coins or every other alt coin. 

[kotajikikox]

Most of the time and season, lots of new meme coins always get created, and only a few end up pumping and making a few people rich. Do you think that everyone will not be rich if they actually know the meme coin that will pump so badly?That's the reason why it's necessary to apply precaution while investing in meme coins or every other alt coin. 

That is true. If someone was not ready to take the risk then maybe he or she is not ready for huge responsibilities so it is better to stay away from memecoins if you feel like it is too risky.

For me though I believe that taking risks can pay off in the future and people who invest in memecoins are one of those. It’s either they are brave or stupid and nothing really in between so make sure that when taking risks you have done your research.

[Mate2237]

They are excited because it is a short term investment and profit is in the average price. Those who are purely investing in memecoins are real risk takers because a scammer can launched one project as a memecoin and allowed people to flood it and probably allow people to withdraw but suddenly the project would be delisted from all the exchanges and everything you invested in would lost.

Be caution when dealing with memecoins and don't be over excited because they are dangerous.

[EarnOnVictor]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Among all the meme coins listed above, it is SLRF that is strange to me, perhaps you made a mistake in the spelling. Regardless, the reason why people are chasing after meme coins is not far fetch, we all need money since the missing of huge opportunity brought by Bitcoin is causing people to be aggressive risk-takers and get compensated by another coin/token. And I must say that it is paying off. You can imagine what the people who risked their investment in BONK, BOME, WIF and many more would have gained already? No one can blame them because, if the likes of SHIB and Dogecoin could perform the way they did during their days in the last bull run, how much more the new ones listed above, and that was even listed on a new blockchain that didn't have such capacity like this in the last bull run (Solana)?

Solana ecosystem is a very good development in the cryptocurrency world and I advise you to expect more from it over time.

[Strongkored]

It's like a cycle, when the bull run was around four years ago, memecoin was very hyped, the developers saw the same potential for it to be repeated during the current bull run, the developers saw how the oldest memecoin was always the one that gave big profits to its holders, so that was like a signal that many Cryptocurrency lovers will also enter meme coin to make big profits again during a bull run like this, and new memecoins will usually be targeted because the opportunity for profits is greater as well as the losses
Don't ever be surprised by this, if you want to get into memecoin then enter from the start and leave when you have made a significant profit because greed will probably result in you not getting anything.

[OrangeII]

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

[Oasisman]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

The hype around the memecoins is what makes everyone interested in putting their money in it. Also, based on the outcome from the past memecoins who have been valued at a way higher price than it originally was, are also an addition to the people's interest.
Putting your money in memecoin is like placing a bet in gambling, but with literally a longer result as it may take a few or several months before you can see it, whether or not you will make a profit or you just thrown away your money for nothing.
Investors are divided into a different attitude, there are those who wants lesser risk so they put their money into bitcoin or top alts in the market, there's short traders and daily traders, and there are always those who wants to get rich real quick who invest in a very risky asset which usually posses a very little chance to succeed and they are the same people who wants to have portion of their money into memecoin.

[JeffBrad12]

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

in short people just want get rich quick scheme, with meme coin its the same people invest because they want to turn their $1k into millions from seeing some twitter story about how someone flips their money into millions overnight, honestly those kind of thing are really rare, and even if its true there are something that is undisclosed such as the early buyer of that meme coin probably got info that this certain meme coin gonna have massive pump since we all know its just whales game at the end of the day, it can work as some kind of marketing too.
always know that every pump that meme coin have probably have whale behind the scene that helps getting the price skyrockets.
therefore thats why meme coin is popular its just speculation, but as long as people know what they're in for and all the consequences I guess they just gonna treat it as another game.

[andyou1234]

Currently the meme coin hype is increasing day by day, of course with the increasing popularity of memecoin the opportunity to make a profit is getting bigger, but you need to remember that the memecoin hype cannot last forever, therefore patience and mentality are very important in investing memecoin because the risk is very big.

[Zanab247]

For profits making, which are some of the reasons that is making people to invest their money on memecoins because they know, that it will bring profits that will make them rich and never to miss every opportunity on memecoins.

Those that understand the memecoins investment very well, they know that the market price use to fall to some level where people will begin to experience loses from their investment, but those that understand it very well will not worry about what is happening because they use small capital to invest.

 If you want to remain wealthy through your memecoins investment, don't invest all your money in memecoins only, you can invest some in  BTC so that you can be using memecoins profits to solve any problem that will make you to sell your BTC.

[strunberg]

But, it's important to remember they're risky too. What's your opinion about this?

Yes that's the important point and that's my opinion with meme coins. Meme coins can make someone rich but they can also make someone poor. Many meme coin projects only have one spike phase and after that they are dead projects. I think finding meme coins like PEPE, Bonk and Meme at the start of their launch is almost impossible if you have little capital. I personally would not invest in meme coins in the early sales stages because many meme coins have become scams because they were abandoned by their developers.

[wheelz1200]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

Greed. Pure and simple.  They hear stories of people turning a thousand into a hundred thousand dollars and they jump in without knowing what they are doing.  Sad truth of the matter is most people will lose their money and a small amount of people will end up with the money those people lost.  That's the meme game

[Belarge]

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

Our expectations should be meet. We take higher risks but never to get bother because we already know what we signed up for and expects the worst results to happen. Our expectations will become winning but not all days is Christmas for us, we become unlucky in most of them. Winnings is necessary for us because they served as evidence to continue pushing for more amazing results. Memecoins have been the orders of these current days, select a promising one and you'll forever be thankful for the outstanding projects in the market.

[batang_bitcoin]

But, it's important to remember they're risky too. What's your opinion about this?

That is a fact that they're risky and many are aware of that. But with that risk, it also comes with potential high reward and that's what motivates the investors to do their meme coin things and investments. They know what they're doing but with the newbies that have started investing into memecoins, they'd learn a big lesson there. Most if not all of these memes are built with the hype whoever is the marketer of the newly launched projects, they're actually good and knows the thought of the masses and that's why we've been seeing new ones emerging in the market day by day.

[TastyChillySauce00]

Currently the meme coin hype is increasing day by day, of course with the increasing popularity of memecoin the opportunity to make a profit is getting bigger, but you need to remember that the memecoin hype cannot last forever, therefore patience and mentality are very important in investing memecoin because the risk is very big.

Don't you even aware if meme coin even better compared to the majority of projects offered utility token in term of profit? i'd say meme coin was also giving you better sustainability as long as you were taking the legit meme token which has been listed on the big exchange site.
The only stupid guys who keep gambling on the garbage meme tokens that listed on solana dex. It's not all bad but majority of them being made to rug the investors and LP providers. Memecoin is about how smart you are in generating the money.

This is like a money game but i believe any memem coin that could be listed on binance was always doing better. This is why i strongly believe that if meme coin can perform even better once it was getting massive support.
Dogecoin, shiba inu even bonk have showed it how the community can be very important to the token itself in supplying the liquidity.

[R100K-Martin-Lunger]

It's because meme coins are all the rage again because of the social media speculation and halving effects. Plus, due to the pump and dump nature of meme coins, many call victim to scams as well. The profitability factor is definitely attractive but I think only seasoned or really lucky folk are able to profit from them because they are such high risk investments and the dump can happen at any time

[Kristiyana]

Yeah meme coin can make one rich quick and it can also make one to regret sometimes If they incurred loss and remember the higher the capital you invest the higher the profit and the higher loss someone will incurred if it doesn't go well ( that is the higher the risk). The people talking about meme coin are the people who make huge profit on it and it's a normal thing to testify on something you benefited on/from. People who incurred losses will be very careful next time and they can't advice someone to invest in it because of the losses they made that is life, you can't say something is bad when you have benefited from the thing and you can't also say something is good when you haven't benefited from the thing.

[yazher]

Pump and dump for the win. You can earn x100 or more on a short period of time due to the volatility of this token if ever you manage to enter early on meme coin that pump hard due to hype.

Meme coin is the gambling version of cryptocurrency trading because you can win big and lose big at the same time in just a blink of an eye. Meme coin creators usually do unlimited trial on creating coins that will be successful that’s why it’s very dangerous to invest on this because it’s nearly impossible to recover if ever you invested on a garbage meme coin which the dev already abandoned.

It has high volatility but those risk takers know this and they still gamble their way to invest in those coins despite the huge risk involved because they already know how this kind of market works. It's not the same as investing in bitcoins because you need to know the signal of the time when to sell it at the right time because late means losing your money completely and many people don't realize this and end up becoming victims of those who promote such coins via social media or influencers on Youtube. That's why if you are not familiar with this kind of environment, you better not join those risk-takers, or else you lose your money easily.

[terrific]

It's because meme coins are all the rage again because of the social media speculation and halving effects. Plus, due to the pump and dump nature of meme coins, many call victim to scams as well. The profitability factor is definitely attractive but I think only seasoned or really lucky folk are able to profit from them because they are such high risk investments and the dump can happen at any time

Meme coins are really pump and dump and that's why many investors are moving on it with the hope that they might get rich on an instant occasion.
But it's not that what they think will happen easily because most of the investors there have been in the meme coins and have got profit already. The ones that are unfortunate are the new ones, they will get stuck when there's no more hype and the pump for meme coins are done.

[tengui]

You have explained that investing in meme coins can make people rich in a short time but has very high risks. What is meant by high risk here is that if you invest in it, the possibility of you losing your money is much greater than the possibility of you making a profit. My question is, do you want to choose this kind of investment? maybe yes, but only by investing a little money.

[mich]

Well since there is so many meme coins many new investors think they can earn big profits fast. There is stories we read for people to make some millions of dollars in only a short time trading the meme coins.
But the thing we do have to remember about them is important. It is a token to have for fun and for hopes we can earn big gains from them.
There is not a real use case they do serve. I do not think it is a trend but if I want big profits do not invest it all in meme coins.

[Silberman]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

You basically answered your question, meme coins offer to a very small minority the opportunity to change their lives and become millionaires in a short amount of time, so many investors love that as they think this will definitely happen to them, obviously most of those that trust in meme coins get their trust betrayed and lose everything, but the success stories are so out of this world, that people cannot stop themselves to invests in those coins as they do not see any other way for them to reach those kind of results.

[MiF]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

Almost all investor knows about meme coins and the possible risk if we invest on it. But many investors also earn a big money because of investing meme coins specially when it pump during hype, that is why many people are now looking for the meme coin that has a capability of rising in the next few months or years it is too risky but if you are lucky on this type of coin you can also earn millons of profit on it.

[Nheer]

Meme coins in general gives more profit on short term investments than Bitcoin itself, but the risk involved in their investment is very big.

Anything that gives high profits in a short term will definitely carry more risk and that’s the more reason why bitcoin is portrayed to be the best investment because it’s risk is minimal and you will certainly profit from  it when you are patient. Meme coins seem to be the new trend and it’s making profits for people that’s why people are drawn to it at the moment but we all know they won’t last long and a new trend will take over from them that’s why bitcoin is the best ever.

Generally, there is too much stress involved in altcoin or meme coins investment which include doing deep research about a project before investing in it, and you also need to take a big risk to invest early so that you can benefit from the project’s first pump; meanwhile, the early investment is very risky since the project might die and you will lose all your money.

Any investment other than bitcoin be it alt coins or  meme coins are very risky and difficult to get a legitimate project that why it is very important to carry out research on them to identify legit coins. When these coins are well established the profit that can be made from it becomes less so investing early is the most wise thing to do to be able to make profit early but investing early is very risky because when the project fails you lose your money.

[Mate2237]

Almost all investor knows about meme coins and the possible risk if we invest on it. But many investors also earn a big money because of investing meme coins specially when it pump during hype, that is why many people are now looking for the meme coin that has a capability of rising in the next few months or years it is too risky but if you are lucky on this type of coin you can also earn millons of profit on it.

New investors might not know them at the beginning time and that is why they are the investors fall for the scammers memecoins and also they might not know the risks involved. And why investors like to invest in memecoins because they make quick money from them. And those who are investing in memecoins always target the new ones. As they came out or launched at the first time, they would just invest on them and wait for like few weeks or months and once the coin increases in value small, they would withdraw and take their profits.

Memecoins or altcoins are very risky. I have done it before so I now the risky involved.

[SOKO-DEKE]

Meme coins in general gives more profit on short term investments than Bitcoin itself, but the risk involved in their investment is very big.

Despite that meme coins give more profit in short-term investments than Bitcoin, I will never advise people to invest in meme coins because almost all of them are aiming of  scamming investors, and that is why meme coins hardly stay long in the market. This risk in all these meme coins is much; it is just as if someone is gambling with their money. So, if someone wants to gamble with meme coins, they should just invest a very small amount of money.

Generally, there is too much stress involved in altcoin or meme coins investment which include doing deep research about a project before investing in it, and you also need to take a big risk to invest early so that you can benefit from the project’s first pump; meanwhile, the early investment is very risky since the project might die and you will lose all your money.

From my own observations making profits from memecoins, I just view it as part of luck. When someone is not lucky, even doing their own proper research on MemeCoins can lead to scam projects. There are many projects that look so promising, but in the short term, they become dead projects. So doing your own research on MemeCoins doesn't guarantee that you will definitely make a profit there. Let's just know that memecoins are all about risk.

[redsun114]

I don't think it was 2023 where the meme coin boomed but I think it's in 2021. this still isn't the first. I started in 2017 and I remember a lot of meme coins pump too. Despite of it, I doubt if there's truly lots of people who became rich here.

When I say rich, I mean filthy rich because rich is also a definition for those who earn a couple of dollars. The only good thing about meme coins compared to other crypto trends is that they can never get out of style but I don't mean that same mean coins can only pump. So for those who still hold on the same meme coin, they need to change that habit but they rather go for old coins. If not, then they need to stay updated about the latest memes and trend not only in crypto.

[CoinMin3r]

That's because memecoins are outperforming other coins in terms of price increments giving early investors massive profit. So people get so hyped soon after seeing new memecoin expecting the same. Also one don't have to invest big amount too but if it gets going one can yell "sky is limit" seeing their super profit. Obviously every trade have risk involved but one have to take risk if he wants to win too.

[Pithaxz]

when the bull run was around four years ago, memecoin was very hyped, the developers saw the same potential for it to be repeated during the current bull run, the developers saw how the oldest memecoin was always the one that gave big profits to its holders, so that was like a signal that many Cryptocurrency lovers will also enter meme coin to make big profits again during a bull run like this

[Wiwo]

when the bull run was around four years ago, memecoin was very hyped, the developers saw the same potential for it to be repeated during the current bull run, the developers saw how the oldest memecoin was always the one that gave big profits to its holders, so that was like a signal that many Cryptocurrency lovers will also enter meme coin to make big profits again during a bull run like this

You made a good point there that the older memecoins were able to pick up with the just ended bull run because of their already established market that help them to easily pick along with the wave at that moment,  but the big deal is that most of the newer memecoin were finding it hard to fine a place in the market and before their know it the short bull movement got stopped along the way making them to fail to pick along.

This is the reasoning why .any investors thought that memecoins are not doing well in the current market since their failed to make some progress in the bull run that just ended and being the first bull market since the memecoins got their hype And market appearance.

[Ngemmeng]

In my opinion, it's best to invest in meme coins that are not yet popular and not talked about by many people because they can provide big profits. It seems like this meme coin is starting to be talked about by a lot of people and I've even heard that it has quite a large TVL. Currently, meme coins are all the hype, but we also have to be careful in investing.

[LogitechMouse]

Re: Why are more people getting excited about memecoins?

Profits. That's all.
You only think those people who are getting excited about meme coins, but the reality is that there are many losers than winners in investing into meme coins. Profits is the main reason why many people are excited to invest into it, but that desire to get more profit is also the reason why many people also lose their money investing into it.

I didn't read your post because I knew it already that it will be an indirect promotion on a particular shitcoin. Meme coins became the hype already for months and it seems like there's no stopping it especially now that many are expecting for a bull market to happen. Nevertheless, I would advise investors especially those newbie investors to avoid investing into new projects especially meme coins like this one.

[lixer]

Well since there is so many meme coins many new investors think they can earn big profits fast. There is stories we read for people to make some millions of dollars in only a short time trading the meme coins.
But the thing we do have to remember about them is important. It is a token to have for fun and for hopes we can earn big gains from them.
There is not a real use case they do serve. I do not think it is a trend but if I want big profits do not invest it all in meme coins.

You must have heard that to gain something one has to lose something, only this thought makes a person take sustenance. I know that investment in altcoins is very risky but I would say it is a good choice to invest in altcoins because many good altcoins can give you a lot of profit in a short time.

Now it depends on our own knowledge of which coin we choose and when and how much to trade because without understanding the market one cannot profit from any coin whether it is Bitcoin or any alternative coin so the first thing is to gain complete knowledge.

Once the market is mastered, the chances of loss are very less be it Bitcoin or any other coin.

[bitgolden]

Because, people do not know how to pick something else. When you look at ADA vs SOL, how could you say that you see a difference and which one will be better? And considering they are already top names, you are trying to decide between two things that will not make you huge return neither, just good market level return when the bull comes, could be quite similar to what ETH or BNB could make you as well.

So, those all look the same and you do not know what to pick. This means, what could a person who wants to make a huge risk could do? I can tell you what they could do, they would just simply end up putting their money into meme projects and that way they could make some return and we are going to make good return, it would definitely be something to care about in the end.

[DeathAngel]

It’s because they are usually very cheap to buy & in bull runs they make exponential gains. Quite often, it’s people who don’t have a lot of money, are unable to buy good amounts of Ethereum or Bitcoin so they see a cheaper alternative as a good bet to make life changing money. Memecoins make a lot of people rich but there are lots of them so it’s difficult to pick the right ones to invest in.

[ultrloa]

They are not really excited about meme coin since if they know there's no money to possibly earn for trying to risk their money for sure they would provably not showing some interest since people are only going after for money. A lot of people excited with it especially for those new release since they think being early to invest on such project can give them higher chance to gain rather than being late to invest on those tokens since they know that most likely they would lose their money.

We can see that there's a lot of guys out there hunting for newly started meme coin project since they think they are worth to gamble and this is bad since they are feeding the idea to those scam devs that there are people will take a risk and this is good opportunity for those scammers to earn some huge money out from those people.