Doginme on Coinbase - thoughts?

[JamesDaniel90]

Just like any memecoin, the price will tank when the community runs out of ideas to hype and attract new people, or it will create an everlasting community and ecosystem. One in millions/tens of millions build everlasting communities and ecosystems, will doginme do the same? That's the big question, my guess is that the answer is unlikely...and while memecoins are volatile, so far that's true based on market cap at time of OP posting ($45m~) to current ($33m~)

It is 33m market cap now, but will be 300m market cap or more when alt season comes later this year

It is just one of many memes out there and as such its fate is already sealed. Even during an altcoin season it may get a temporary hype and high, but it won't last long and it will leave many people sour with massive losses.

You dont know that, it could go to zero but at its current low market cap it could also 30x easy with hype during altseason.

[JamesDaniel90]

Just like any memecoin, the price will tank when the community runs out of ideas to hype and attract new people, or it will create an everlasting community and ecosystem. One in millions/tens of millions build everlasting communities and ecosystems, will doginme do the same? That's the big question, my guess is that the answer is unlikely...and while memecoins are volatile, so far that's true based on market cap at time of OP posting ($45m~) to current ($33m~)

It is 33m market cap now, but will be 300m market cap or more when alt season comes later this year

While other altcoins have increased by 5, 10, 20%+ since this post, doginme has decreased. It is underperforming (as most memes will). Most memes give the prospect of 10x market cap during "altcoin season" or the next "memecoin season" however only a select few will benefit at that point, and most will have declined 90%+ by this stage, making even significant gains to be just recuperated losses at that stage.

You need to replace your "will" with "may", being convicted on memecoins is a strategy with <0.01% success rate (based on how many there are). Doesn't seem like a good risk vs. reward for a 10x. Good luck

Most altcoins have decreased. As this is a meme, it can do a 100% move in less than 24 hours easy.

We are all just waiting for altseason, and if this is still around by then , chances are it will do really well as it is already on Coinbase so will have a lot of attention on it.

Its a risk, but i like risks.  You dont make life changing money being mainly in Bitcoin.

[collecttmaster]

Just like any memecoin, the price will tank when the community runs out of ideas to hype and attract new people, or it will create an everlasting community and ecosystem. One in millions/tens of millions build everlasting communities and ecosystems, will doginme do the same? That's the big question, my guess is that the answer is unlikely...and while memecoins are volatile, so far that's true based on market cap at time of OP posting ($45m~) to current ($33m~)

It is 33m market cap now, but will be 300m market cap or more when alt season comes later this year

It is just one of many memes out there and as such its fate is already sealed. Even during an altcoin season it may get a temporary hype and high, but it won't last long and it will leave many people sour with massive losses.

You dont know that, it could go to zero but at its current low market cap it could also 30x easy with hype during altseason.

I don't need to know it. Analysis of the market data shows that 99.99% of the memecoins created have failed and have caused massive losses. Because of that, it is correct to say that this will most likely suffer the same fate.

[JamesDaniel90]

Just like any memecoin, the price will tank when the community runs out of ideas to hype and attract new people, or it will create an everlasting community and ecosystem. One in millions/tens of millions build everlasting communities and ecosystems, will doginme do the same? That's the big question, my guess is that the answer is unlikely...and while memecoins are volatile, so far that's true based on market cap at time of OP posting ($45m~) to current ($33m~)

It is 33m market cap now, but will be 300m market cap or more when alt season comes later this year

It is just one of many memes out there and as such its fate is already sealed. Even during an altcoin season it may get a temporary hype and high, but it won't last long and it will leave many people sour with massive losses.

You dont know that, it could go to zero but at its current low market cap it could also 30x easy with hype during altseason.

I don't need to know it. Analysis of the market data shows that 99.99% of the memecoins created have failed and have caused massive losses. Because of that, it is correct to say that this will most likely suffer the same fate.

99% of meme coins are not on coinbase, this is.

Lets see, i havent even invested in it yet as I want to limit the amount of altcoins i hold.

If it falls lower it will be pretty tempting though to have a little gamble on it.

[collecttmaster]

99% of meme coins are not on coinbase, this is.

That does not give any credibility to the project, it seems you have learned nothing in these past few years. In the last cycle listing on Binance and FTX gave projects legitimacy, and almost all of them ended up being scams. 

[JamesDaniel90]

99% of meme coins are not on coinbase, this is.

That does not give any credibility to the project, it seems you have learned nothing in these past few years. In the last cycle listing on Binance and FTX gave projects legitimacy, and almost all of them ended up being scams. 

There are thousands of meme coins, and only a few end up on Coinbase.

It did a 10x in less than 3 weeks in March, so if it can do that then it can do a lot more when real altseason comes later this year.

[BenCodie]

99% of meme coins are not on coinbase, this is.

That does not give any credibility to the project, it seems you have learned nothing in these past few years. In the last cycle listing on Binance and FTX gave projects legitimacy, and almost all of them ended up being scams. 

There are thousands of meme coins, and only a few end up on Coinbase.

It did a 10x in less than 3 weeks in March, so if it can do that then it can do a lot more when real altseason comes later this year.

Coinbase will list virtually any memecoin that is on its native base blockchain. A memecoin being listed on Coinbase means almost nothing (in fact, an exchange listing for any coin is not a metric or tell that its value will increase. Actually, recent times show that prices drop post-hype for listings even on tier 1's like Binance and Coinbase).

The only reason that it did a 10x in march was due to a low market cap. Going from 30m to 300m is a 270 million gain in market cap. Going from 3 million to 30 million is a 27 million gain. The only thing that is 10x is the difficulty for it to do 10x again.

You dont make life changing money being mainly in Bitcoin.

The idea that memecoins will make you life changing money was created by influencers and insiders profiting from people who buy into that idea that every meme will be the next dogecoin. Remember (to you and other readers) there have only been a handful of successful memecoins whilst there have been over 1,000,000 scams/memecoins that end up 90-99%+ down from its very short-lived top.

I can assure you that <1% of memecoin investors are in profit, and unless you are an influencer or someone with early/inside info, you will probably not be a part of that 1% who ends up in profit. 

Investing in memecoins to the point of shilling them is not a working money making strategy. Feel free to take my word for it or learn the hard way

[JamesDaniel90]

99% of meme coins are not on coinbase, this is.

That does not give any credibility to the project, it seems you have learned nothing in these past few years. In the last cycle listing on Binance and FTX gave projects legitimacy, and almost all of them ended up being scams. 

There are thousands of meme coins, and only a few end up on Coinbase.

It did a 10x in less than 3 weeks in March, so if it can do that then it can do a lot more when real altseason comes later this year.

Coinbase will list virtually any memecoin that is on its native base blockchain. A memecoin being listed on Coinbase means almost nothing (in fact, an exchange listing for any coin is not a metric or tell that its value will increase. Actually, recent times show that prices drop post-hype for listings even on tier 1's like Binance and Coinbase).

The only reason that it did a 10x in march was due to a low market cap. Going from 30m to 300m is a 270 million gain in market cap. Going from 3 million to 30 million is a 27 million gain. The only thing that is 10x is the difficulty for it to do 10x again.

You dont make life changing money being mainly in Bitcoin.

The idea that memecoins will make you life changing money was created by influencers and insiders profiting from people who buy into that idea that every meme will be the next dogecoin. Remember (to you and other readers) there have only been a handful of successful memecoins whilst there have been over 1,000,000 scams/memecoins that end up 90-99%+ down from its very short-lived top.

I can assure you that <1% of memecoin investors are in profit, and unless you are an influencer or someone with early/inside info, you will probably not be a part of that 1% who ends up in profit. 

Investing in memecoins to the point of shilling them is not a working money making strategy. Feel free to take my word for it or learn the hard way

I’m not saying u make life changing money just in meme coins, u can but I know most of them you don’t.

I’m just saying for the average person you have to take risks in low cap altcoins to make any decent money now. The time for making decent money in Bitcoin for those with average money to invest has gone.

[BenCodie]

99% of meme coins are not on coinbase, this is.

That does not give any credibility to the project, it seems you have learned nothing in these past few years. In the last cycle listing on Binance and FTX gave projects legitimacy, and almost all of them ended up being scams. 

There are thousands of meme coins, and only a few end up on Coinbase.

It did a 10x in less than 3 weeks in March, so if it can do that then it can do a lot more when real altseason comes later this year.

Coinbase will list virtually any memecoin that is on its native base blockchain. A memecoin being listed on Coinbase means almost nothing (in fact, an exchange listing for any coin is not a metric or tell that its value will increase. Actually, recent times show that prices drop post-hype for listings even on tier 1's like Binance and Coinbase).

The only reason that it did a 10x in march was due to a low market cap. Going from 30m to 300m is a 270 million gain in market cap. Going from 3 million to 30 million is a 27 million gain. The only thing that is 10x is the difficulty for it to do 10x again.

You dont make life changing money being mainly in Bitcoin.

The idea that memecoins will make you life changing money was created by influencers and insiders profiting from people who buy into that idea that every meme will be the next dogecoin. Remember (to you and other readers) there have only been a handful of successful memecoins whilst there have been over 1,000,000 scams/memecoins that end up 90-99%+ down from its very short-lived top.

I can assure you that <1% of memecoin investors are in profit, and unless you are an influencer or someone with early/inside info, you will probably not be a part of that 1% who ends up in profit. 

Investing in memecoins to the point of shilling them is not a working money making strategy. Feel free to take my word for it or learn the hard way

I’m not saying u make life changing money just in meme coins, u can but I know most of them you don’t.

I’m just saying for the average person you have to take risks in low cap altcoins to make any decent money now. The time for making decent money in Bitcoin for those with average money to invest has gone.

The average person is better off accumulating Bitcoin, and if the average person has the ability to do good research, there are many other legitimate blockchains and tokens with actual products that produce real value, instead of a thought virus (meaning of meme btw) coin that is nothing more than a ponzi scheme (first ones in win, last ones in lose).

If you believe that the average person has to take risks in low cap shitcoins/memecoins to make any decent money now, you're very wrong. One who understands the market can trade not just Bitcoin, but any real blockchain that is in the top 100 that has fundamental grounds for it to last a lot longer than a memecoin, use margin/leverage on longs and shorts to optimise their risk/reward on their researched trades, and do a lot better than a person who burns money in memecoins.

Its a risk, but i like risks.

There's nothing wrong with this, though a memecoin is not a risk, it's a form of ponzi scheme that has not been regulated yet, and is not worth sharing or speculating on. Also I would not put memecoins in the same class as altcoins, altcoins are generally at least attempting to build a product or technology, while memecoins are nothing more than thought viruses/ideas. If you or anyone else aren't differentiating the two already, maybe it would be useful to do so.