Who Really Wins with Memecoins

[Mishaofweb3]

A lot of young traders have this delusion that memecoins are a guaranteed ticket to victory. Truth is that for one success, there exist thousands of bagholders. A majority of memecoins pump on hype and just vanish into thin air. Extremely few actually change the existing paradigm.

But every now and then, a few of them do blow. They break through the DEXs, pick up steam, and even get listed on major exchanges, a sign that they might have real staying power. Gork is one of those interesting cases. It listed on DEXs, and there was an excellent community surge, and now it is listed one Tier-1 CEX.

Can Gork maintain a positive streak if more CEX listings emerge? Maybe. In my book, it's a 60:40 against the green side but, you know, it's crypto. Anything can go parabolic in the blink of an eye.

What do you think?

[shinratensei_]

Already too high for me personally.
I was thinking of buying it since I also followed binance alpha points program, killing two birds with one stone, but few minutes later the price suddenly pumped so high.

I think there's manipulation in this meme coin but that's like any meme coin ever. Since it's already priced too high anyway, I would refrain.

[Hispo]

Already too high for me personally.
I was thinking of buying it since I also followed binance alpha points program, killing two birds with one stone, but few minutes later the price suddenly pumped so high.

I think there's manipulation in this meme coin but that's like any meme coin ever. Since it's already priced too high anyway, I would refrain.

I believe that is a wise decision, to refrain from buying that memecoin when it's price has already pumped beyond your expectations, even if continued to pump it is better to have a clear price limit in which you would feel comfortable risking your money than blindly buying high, hoping to even go higher.

In my opinion, those who will always win with the creation of memecoins are going to be the creators or the coin itself and the whales which had a lot of the supply from the beginning, generally they are tied together in order to get as much money as possible from gullible investors who do not even give a look as the coin concentration per wallet on a Blockchain explorer.

[btc_angela]

A lot of young traders have this delusion that memecoins are a guaranteed ticket to victory. Truth is that for one success, there exist thousands of bagholders. A majority of memecoins pump on hype and just vanish into thin air. Extremely few actually change the existing paradigm.

But every now and then, a few of them do blow. They break through the DEXs, pick up steam, and even get listed on major exchanges, a sign that they might have real staying power. Gork is one of those interesting cases. It listed on DEXs, and there was an excellent community surge, and now it is listed one Tier-1 CEX.

Can Gork maintain a positive streak if more CEX listings emerge? Maybe. In my book, it's a 60:40 against the green side but, you know, it's crypto. Anything can go parabolic in the blink of an eye.

What do you think?

If it will have the support them why not? But the thing with this meme coins is that one the hype is gone, all investors move to the next hype and then some. Which means the last hype coin will die a another death and then the next one will emerge like a Phoenix.

So sorry to burst the bubble for you, Gork could be different from other meme coins, at least that's how you see it. But when a new meme coins emerges, there is a big chance that they will move to the next one.

[davis196]

lot of young traders have this delusion that memecoins are a guaranteed ticket to victory. Truth is that for one success, there exist thousands of bagholders. A majority of memecoins pump on hype and just vanish into thin air. Extremely few actually change the existing paradigm.

Guaranteed by who? Pumping a memecoin to a relatively big trading volume and price level requires great marketing and lots of shilling.
There are thousands of failed memecoins and shitcoins. Creating a memecoin on platforms like pump.fun doesn't guarantee easy money.
The only good advice is this. Never buy an expensive and overhyped memecoin. You never know when the bubble is about to pop.
The memecoin market is basically a giant casino. If you want to make some money, just focus on buying lots of cheap and unknown memecoins, maybe some of them will get pumped to the moon. I personally would rather stay away from memecoin trading, even though I do like gambling in general.

[Iamcrypticguy]

Already too high for me personally.
I was thinking of buying it since I also followed binance alpha points program, killing two birds with one stone, but few minutes later the price suddenly pumped so high.

I think there's manipulation in this meme coin but that's like any meme coin ever. Since it's already priced too high anyway, I would refrain.

Not really high. I think they got T1 listing recently and price is doing well. You can dca for quick gains cos ehe narrative is still solid imo.

That's the current price trend after listing .

[aioc]

But every now and then, a few of them do blow. They break through the DEXs, pick up steam, and even get listed on major exchanges, a sign that they might have real staying power. Gork is one of those interesting cases. It listed on DEXs, and there was an excellent community surge, and now it is listed one Tier-1 CEX.

Some memes turns out to be an exception on the rule and Gork could be one of them, checking on the price the price is moving fine and there's a possibility that it will become an exception on what we perceived about memes.
But still, do check its potential, we all know that the concept of this meme is saturated, there are so many AI now in the market that there will be a time when some AI will be eliminated from the market.

[asriloni]

Not really high. I think they got T1 listing recently and price is doing well. You can dca for quick gains cos ehe narrative is still solid imo.

That's the current price trend after listing .

Gork doesn't even show a signal to slowing down. It's now getting another pump, and reach new ATH. It seems the potential to go another high is there as it's not yet listed on Major cex. I expect it can reach another high like what happened to the moodeng, or etc.

It seems the meme coin trend is back again, though we're yet entering alt season. Doing dca is good, but only going with low portion of our portfolios cuz the risk is high.

[coin-investor]

Gork is a meme in an AI concept. This is one of the few memes where the attraction is not on the narratives but on artificial intelligence; this is the reason why it's gaining support from the investing community, but we cannot disregard the fact that there are whales and groups of investors doing pumps on memes that are gaining attention from the community.

My advice is to be cautious when buying this meme. Yes, it has potential, but you could also end up holding this coin at a price that you cannot sell for profit.
So when buying this meme, invest in what you can afford to lose, follow, and be updated.

[Frankolala]

Don't buy memecoins when it is newly listed in an exchange and the price is pumping because, you will regret and be in loss when the price dumps. Gork will follow the same footstep of other memecoins and I don't see anything special about it despite that it's an AI coin. It's better that you avoid memecoins and invest in the real asset which is bitcoin, only if you love gambling.

[virasog]

Don't buy memecoins when it is newly listed in an exchange and the price is pumping because, you will regret and be in loss when the price dumps. Gork will follow the same footstep of other memecoins and I don't see anything special about it despite that it's an AI coin. It's better that you avoid memecoins and invest in the real asset which is bitcoin, only if you love gambling.

Agreed and also the OP question, i guess the developer of the meme coins, whether it is an individual or a team, is the true beneficiary of this memecoin scam. Yup, I would call it a scam as they launch a memecoin, promote it, get listed on exchanges and dump it on people. Usually, all the memecoins have a lot of supply and most of the tokens are with the creator of those coins.

Right now, there are thousands of memecoins developed and listed on dexes and 99% of those are meant to scam people. Creators with a bit of money will hype the coins through influencers and paid social media and later dump their bags on retail buyers.

[milewilda]

Don't buy memecoins when it is newly listed in an exchange and the price is pumping because, you will regret and be in loss when the price dumps. Gork will follow the same footstep of other memecoins and I don't see anything special about it despite that it's an AI coin. It's better that you avoid memecoins and invest in the real asset which is bitcoin, only if you love gambling.

Agreed and also the OP question, i guess the developer of the meme coins, whether it is an individual or a team, is the true beneficiary of this memecoin scam. Yup, I would call it a scam as they launch a memecoin, promote it, get listed on exchanges and dump it on people. Usually, all the memecoins have a lot of supply and most of the tokens are with the creator of those coins.

Right now, there are thousands of memecoins developed and listed on dexes and 99% of those are meant to scam people. Creators with a bit of money will hype the coins through influencers and paid social media and later dump their bags on retail buyers.

But surprisingly if you would really be trying out to look up on those decentralized exchangers on which you've seen that there's still tons of people who do invest with these meme coins or simply with these obvious pump and dump projects that are built out in thin air and just expecting for it to get hyped. This is where they will be that trying out to get that kind of peak interest and hype and become that making easy money into its devs.
Somewhat despite of the rate of success but still there are tons of people who do love on throwing out their money into meme coins just because of having the hope on becoming that rich with it. Its not that shocking anymore and on why people are having this kind of approach because once you do able to hit up the jackpot then it could definitely be changed up your life in terms of finances but actually its better not to make your plans to be like this because it will be that a total waste of money if you will be dealing up with meme coins. The only meme coin that turned out to be that having that development and actual utility is $FLOKI.

[Ojima-ojo]

A lot of young traders have this delusion that memecoins are a guaranteed ticket to victory. Truth is that for one success, there exist thousands of bagholders. A majority of memecoins pump on hype and just vanish into thin air. Extremely few actually change the existing paradigm.

But every now and then, a few of them do blow. They break through the DEXs, pick up steam, and even get listed on major exchanges, a sign that they might have real staying power. Gork is one of those interesting cases. It listed on DEXs, and there was an excellent community surge, and now it is listed one Tier-1 CEX.

Can Gork maintain a positive streak if more CEX listings emerge? Maybe. In my book, it's a 60:40 against the green side but, you know, it's crypto. Anything can go parabolic in the blink of an eye.

What do you think?

That type of sucess expectations is what make many people lose alot with memecoins, some of the regrets that comes from most failed memecoins investors is the fact that, most of them failed to sale out their coins when they have that chance to, to be able to gain from memecoins, one need to be very smart with following the market.


Once the opportunity present itself, is important to take it, don't expect too much from the market and as far as the coins can pump so also ot can dump easily too.

[jaberwock]

A lot of young traders have this delusion that memecoins are a guaranteed ticket to victory. Truth is that for one success, there exist thousands of bagholders. A majority of memecoins pump on hype and just vanish into thin air. Extremely few actually change the existing paradigm.

But every now and then, a few of them do blow. They break through the DEXs, pick up steam, and even get listed on major exchanges, a sign that they might have real staying power. Gork is one of those interesting cases. It listed on DEXs, and there was an excellent community surge, and now it is listed one Tier-1 CEX.

Can Gork maintain a positive streak if more CEX listings emerge? Maybe. In my book, it's a 60:40 against the green side but, you know, it's crypto. Anything can go parabolic in the blink of an eye.

You are 100% right and they still decline to see this. I have no clue why, I can't really consider this to be a big deal, because if they want to lose money then it is their money to lose so I gave up long time ago to teach them how possibilities and probabilities work. It is possible to make money from memecoins, there are a thousand memecoins (mostly tokens) and only one makes money but that means it's possible.

At the same time, I can go buy a lottery ticket and it is possible for me to win 10 million dollars from that lottery, it is mathematically possible. But would you say it is probable? Do you think I will win it? Of course not, most assume we won't. And yet, memecoins get a lot more money and that is why they are not understanding the difference between the two.

[icaregoki]

I heard a lot about altcoins and meme coins but from what I heard on media and words of mouth from stories of my friends, I see very big differences.

On media, meme coins made millionaires and billionaires but from words of mouth of my friends, they lost a lot of money to meme coins.

[Webetcoins]

The young people who think meme coins are a guaranteed way to wealth have that mindset because of people like you who roam around in forums and promote meme coins with positive words and sentences that make them feel that meme coins are actually the OGs of this market and one can only earn a lot of money through them. The purpose behind you creating this thread is only to promote that project because if that wasn't the case, you could generally discuss meme coins and we could have a proper discussion without mentioning that name.

About the question in the title, you never know who wins because there are too many meme coins and too many investors, mostly newbies who are lost and have been misguided, and only a very small percentage from all those investors actually make some money and all others lose money and the creators of those meme coins earn a bunch of money and then vanish from the scene.

[prp-e]

Honestly I haven't read all the comments, I'm here to just say "The one who creates them".

[coyhasmon]

Honestly I haven't read all the comments, I'm here to just say "The one who creates them".

The service providers win the most, such as pump.fun and exchanges. They actually win even more than the ones who create the memes, as it requires no effort on their part to participate in earning a lot of money. Whether a meme succeeds or not is not important for them, they still make money on it.

I heard a lot about altcoins and meme coins but from what I heard on media and words of mouth from stories of my friends, I see very big differences.

On media, meme coins made millionaires and billionaires but from words of mouth of my friends, they lost a lot of money to meme coins.

It is called confirmation bias, you are told stories of individuals who won when they represent the tiniest amount of people who invested in memes. The largest percentage are those who lost money.

[ndutndut]

Don't buy memecoins when it is newly listed in an exchange and the price is pumping because, you will regret and be in loss when the price dumps. Gork will follow the same footstep of other memecoins and I don't see anything special about it despite that it's an AI coin. It's better that you avoid memecoins and invest in the real asset which is bitcoin, only if you love gambling.

No matter how good meme coins are, they should be avoided because they are not investment assets, especially for the long term. There are many meme coins that initially seem to have good potential but end up having no value at all. Gork is indeed an AI coin but again because memecoins are just for entertainment, there is no future there, it is better to avoid them than to experience greater losses. Yes. Memecoins can be said to be almost the same as gambling, and if greed is added, your finances will be destroyed.

It is undeniable that memecoins promise greater profits but the losses are also worth it. If you don't understand how it works, or can't see the moment, it's better to just avoid it and focus on investments that clearly promise future profits, namely bitcoin. Every investor buys memecoins when they make a profit, they will buy bitcoin eventually, so you should always be careful when trading meme coins.

[prp-e]

Honestly I haven't read all the comments, I'm here to just say "The one who creates them".

The service providers win the most, such as pump.fun and exchanges. They actually win even more than the ones who create the memes, as it requires no effort on their part to participate in earning a lot of money. Whether a meme succeeds or not is not important for them, they still make money on it.

That's something. I know understand why a lot of people are looking for making "launchpad" startups or products!