Not every crypto is like bitcoin.

[qurbanshah02]

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.

While meme coins can make an investor profitable quickly, they cannot do so in the long run. There are some investors who have the potential to make high profits in the short term but then fall sharply after a short period of time. But this is not the case with Bitcoin. Even if the price of Bitcoin decreases, it will recover. Bitcoin has some unique features that are not applicable to all other cryptocurrencies.

You are right, but they cannot give this profit for a long time. If we look at this long period of time, if they will give profit even in the future, then there is no special case about it and if we talk about the profit from it, then they look possible to some extent. At the moment, their condition has become quite weak because Bitcoin has lowered itself even more and although Bitcoin should improve this week, if it does not, then we will see a very difficult time in the market. Bitcoin has scared everyone at the moment, I don't know what it wants, but instead of increasing itself, it is going down. Yes, we know this, but wherever it applies, there will be a good situation only when it goes up, so it is very important for us to see Bitcoin go up.

[bogdanb]

My personal advice would be to trade memecoin and hold Bitcoin if you love Memecoins. But what do I know.

If you can hold Bitcoin and trade Memecoin, it is a much better idea. If you have enough money, then it is better to do it. But there is no point in making such bad comments about memecoin. Many people are also making profits from memecoin who understand memecoin well.

[Kasabus]

All cryptos that have evolved in the market have their different market potentials. And that their potentials are lesser than what bitcoin has to offer, that is the reason why not every crypto is like bitcoin. Some are highly profitable, but the others are less profitable due to their low utility cases and low demand from the investors. Like those potential meme coins, they may be profitable but eventually lost their value after a short time duration.

However, bitcoin on the other hand is unique. It may be slow in progress but is sure to hit the goal target. Patience is a must with bitcoin. If you can't be patient and less likely to control your emotions, bitcoin is definitely not for you.

[Ahli38]

All cryptos that have evolved in the market have their different market potentials. And that their potentials are lesser than what bitcoin has to offer, that is the reason why not every crypto is like bitcoin. Some are highly profitable, but the others are less profitable due to their low utility cases and low demand from the investors. Like those potential meme coins, they may be profitable but eventually lost their value after a short time duration.

However, bitcoin on the other hand is unique. It may be slow in progress but is sure to hit the goal target. Patience is a must with bitcoin. If you can't be patient and less likely to control your emotions, bitcoin is definitely not for you.

No other cryptocurrency will ever have the same potential as Bitcoin. And even Ethereum itself is still far below Bitcoin even though it is close to it in ranking. But market cap says it all. And Bitcoin has always been able to recover its price in every previous period. In fact Bitcoin shows no signs of a sharp decline or even a return to its all-time low. And this is very different when compared to most other cryptocurrencies. I personally prefer to see Bitcoin as a safe asset or even a safe haven. But we need patience with Bitcoin in order to profit in the long run. On the other hand Bitcoin has a fixed supply limit and cannot increase its supply. I personally see that most other cryptocurrencies do not have this as most of them can mint whenever they want. So this unique feature is what sets Bitcoin apart from other cryptos.

[Alone055]

My personal advice would be to trade memecoin and hold Bitcoin if you love Memecoins. But what do I know.

If you can hold Bitcoin and trade Memecoin, it is a much better idea. If you have enough money, then it is better to do it. But there is no point in making such bad comments about memecoin. Many people are also making profits from memecoin who understand memecoin well.

He didn't say anything bad or wrong, what he said is a fact; holding meme coins is not a wise decision because meme coins are not like normal cryptocurrencies that have some use cases and have projects and teams behind their backs, meme coins are basically created out of thin air, based on either jokes, personalities, or something else that is popular in the real world somehow, so you can't hold meme coins and expect good returns from them in the long run, but they could only be profitable in the short run.

That being said, I would also not recommend anyone buying and holding meme coins, and I wouldn't even recommend anyone trading meme coins unless they know what they are doing, and that's because meme coins are high-risk cryptocurrencies, which means that they tend to be highly volatile and unpredictable, so if you don't know this thing, and only expect to get profits from them, then you are mistaken, because the number of people who lose money in meme coins is generally higher than the number of people who make profits from them.

[The Cryptovator]

If you can hold Bitcoin and trade Memecoin, it is a much better idea. If you have enough money, then it is better to do it. But there is no point in making such bad comments about memecoin. Many people are also making profits from memecoin who understand memecoin well.

Why do you think it will this? Bitcoin trading isn't safe or can't make money. For me, meme coin trading is just like gambling with funds. I am not a member fan, and very rarely have I traded meme coins. No doubt Bitcoin holdings are better, but trading meme coins isn't for all traders. There are top-rated altcoins that you can trade. But whatever I see, even during a dump, you can make profits from the Bitcoin. I admit many people made money from memes, but also a lot of people lost money from memes.

Bitcoin is the mother coin; we can't compare Bitcoin with something else. Bitcoin has a worldwide acceptance, whereas alts are only treated for trading. For me, I am holding a small amount of Bitcoin and trading some alts that are on the top. I don't trust meme coins at all, so I ignore them always. Never intended to hold meme; I have traded doge at once. Better trade and hold Bitcoin if you don't want to lose your portfolio so quickly.

[abaeze]

Bitcoin cannot be compared to any other crypto category because Bitcoin has a different long-term trend timeframe which is completely different from any other crypto. On the other hand, the price of Memecoin fluctuates on the excitement and hype of that time, so Bitcoin strategies do not work here.

If we look at Bitcoin, we will see the strong foundation and secure fundamentals of Bitcoin. Bitcoin has a long trend so holding it works but holding Altcoins is dangerous. The biggest thing is that in the crypto market, one strategy does not work for all coins so Memecoin/Altcoins are only for short-term but Bitcoin works as a long-term investment asset and its price increases over time due to limited supply.

[Muba20]

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.

Bitcoin is constantly showing innovation. We used to find the possibility of Bitcoin price increase at the end of the year, but currently Bitcoin price is becoming bearish at this time. However, I am not worried about this situation because if you can hold Bitcoin for the long term, there is no possibility of loss. Currently, Bitcoin price is in a downward position. If the Bitcoin price does not change in the next few days, then the price will be further downward. Since Bitcoin price has been in an upward position for a long time, it may be bearish for some time. But the price will rise again. But if we talk about altcoins, they will never be able to come back after a long time like Bitcoin. That is why altcoins cannot be compared to Bitcoin.

[chigo]

Stop deluding yourself into thinking holding memecoins are a good choice.

Anyone who thinks holding memecoins is better is simply risking losing their entire investment in the blink of an eye. Since memecoins lack fundamentals and tend to move based solely on hype, their prices are highly volatile and can plummet suddenly. Many memecoins even lose their value because the project is abandoned by the developer or the trend dies out.

So, it's important to understand that investing in memecoins is high-risk speculation, and it's not a good option unless you're willing to gamble with your money.

[kawetsriyanto]

If you can hold Bitcoin and trade Memecoin, it is a much better idea. If you have enough money, then it is better to do it.

Hold Bitcoin is a good option. But trade meme coins will depend on your capability. If you don't really understand meme coins, I think you are better to trade fundamental altcoins that are trending recently or have good news/issues. At least, they have a better chance to survive in the market for a long time. If you failed to reach your target in trading, you can keep them for investment. However, it will be safer to choose the top altcoins, especially the top 20-25 altcoins in CMC.

But there is no point in making such bad comments about memecoin. Many people are also making profits from memecoin who understand memecoin well.

People are free to comment anything. Those people who have bad experience in meme coins, it makes sense if they make bad comments. Those people who get a lot of money through meme coins, no doubt that they will make positive comments. 

[Questat]

What may work on bitcoin may possibly don't work on altcoins or meme coins. Bitcoin is the superior investment, the rest only follow the path of bitcoin. So if you are trying to DCA with other coins, I won't say its wrong but the effect is not the same if you do it on bitcoin. Different coins come with different strategies, and DCA is only effective in bitcoin because its a long term investment asset, while the rest of the coins are just good for short term purposes.

[Kikoben]

Its been proven from the start that is why many of them are called altcoin, they have been created in an attempt to hit big just like BTC.

[0x000369]

youre spot on with this one ive been in crypto since like 2017 and seen way too many people get wrecked trying to hodl shit like memecoins thinking theyll moon forever newsflash they wont memecoins are all about that quick hype pump from some celeb tweet or viral trend but once the buzz dies its straight to zero or rugpull city ive lost count of how many doge clones or frog tokens ive seen pop up make a few lucky folks rich then vanish leaving everyone else holding empty bags

Bitcoin though thats the real deal its got actual fundamentals backing it up fixed supply at 21 million no one can just print more like fiat or dilute it with endless tokens plus its decentralized as hell no single dude or company pulling strings and its been battle tested through crashes regulations you name it thats why hodling works for btc trends build slow based on real adoption like etfs institutions jumping in even countries stacking it now its not gambling its playing the long game with something thats proven it survives

If youre new dont chase those fast gains in alts or memes sure you might 10x in a day but youll probably 100x down the next stick to btc accumulate over time and sleep easy at night without checking charts every 5 mins

Anyway thats my two sats stay safe out there dont fomo into trash
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[MinMan]

Anyone who thinks holding memecoins is better is simply risking losing their entire investment in the blink of an eye. Since memecoins lack fundamentals and tend to move based solely on hype, their prices are highly volatile and can plummet suddenly. Many memecoins even lose their value because the project is abandoned by the developer or the trend dies out.

So, it's important to understand that investing in memecoins is high-risk speculation, and it's not a good option unless you're willing to gamble with your money.

There is no doubt that those who invest in meme coins and hold them with high expectations are basically gambling with their money, and this is mostly done by inexperienced and newbie investors, because someone with knowledge and experience would know that meme coins are short-lived cryptocurrencies, and they aren't any good for the long run, so if someone wants to make profits from them, they can only do it in the short run, only until they are being hyped by the market and their investors.

As soon as the hype for a meme coin dies, it vanishes in the dark, and never comes back, because investors move on to the next meme coin once they exit from the previous one, and those who keep holding their tokens even after everyone has already abandoned the meme coin will realize their mistake after some time when they see no movement in its price because the price only moves if there is volume, and if there are no interested investors or traders, there can't be any volume for that meme coin.

[fikrett]

Its been proven from the start that is why many of them are called altcoin, they have been created in an attempt to hit big just like BTC.

Don't go into that territory

Some of them may, but many of them would want to be a leader in their own niche, and some of them - truly succeeded.

It's not about outliving or outperforming BTC, it's about wanting your own share of the table and the pie on it.

[tread93]

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice.

Well, since we understand the market fairly well, we know the history of bitcoin and also make various comments about the future of bitcoin. Bitcoin is the best medium for investment, so we always give various messages about holding bitcoin.

But here I see that you have said not to hold mem coins at all and not to think such confused thoughts, is it really reasonable? If I want to hold meme coins along with my bitcoin investment, it will depend on my personal situation. If I think it can be good then I will hold it. But it is not right to make bad comments about mem coins at all.

Yes I believe to each their own. I mean meme coins should generally be picked up with caution and discernment because they are extremely volatile and easily manipulated by external stimuli but the risk vs reward factor always plays in and its the same with gambling only invest what youre willing to lose. Id say do some trading with meme coins and then once you've had your fun buy Bitcoin

[Fiasem20]

Memecoins are most likely referred to as high risk investment, because you never can tell when the drop might come and it may never pump.These set of tokens in the industry are highly volatile and also highly speculative due to hypes on social media.Most of them don't dump easily not until they have been listed on a centralized exchange, only a wise person would sell off he's memecoins in he's portfolio during the bull moment because anything other than that would lead to significant loss.Personally,I don't ever think I will be interested in participating in memecoins,a close friend who's a memecoin lover has tried to persuade me but I can't just find myself there because it isn't my kind of investment option.

[jossiel]

Don't go into that territory

Some of them may, but many of them would want to be a leader in their own niche, and some of them - truly succeeded.

It's not about outliving or outperforming BTC, it's about wanting your own share of the table and the pie on it.

It's just the same of taking a huge slice of the pie just as Bitcoin.

And that is the reason why many of them keep on coming and unlikely to stop. Taking a huge chunk of the pie also means power to them.

While they can never be like Bitcoin, they're still trying to do so and I think the earlier projects have done more success than the newer ones. In the end, they realized it's unlikely they'll dethrone BTC and so, they focus more on growing what they have like the community.

[SOKO-DEKE]

Bitcoin is the best coin for long term investment. There are some altcoins that have shown signs of long term potential, but they are not as trusted as Bitcoin. That is the reason why, if someone wants to invest in cryptocurrency, I always advise them to first focus on investing in Bitcoin before trying some altcoins.

I suggest investing only about 5 to 10 percent of your crypto portfolio in altcoins if which to invest and the rest should be invested in Bitcoin, because it carries less risk and is best for long term investment.but investing in memecoin projects is something I will never advise anyone to do. Just know that investing in memecoins is  way gambling and the chance of someone becoming successful is very low. I even prefer to gamble with my money rather than invest in those projects called memecoins.

[Creeper0]

This is the difference between the original product and the copy product, crypto is not a product but I am addressing it as a product. Bitcoin is the first currency in the crypto world and it took a long time to gain people's trust. But when a new coin comes to the market by copying Bitcoin, it is addressed as memecoin, oltcoin or shitcoin. Although oltcoin can be trusted to some extent and can be used as a holding asset.

But the shorter you hold memecoin and shitcoin, the better for you. Because they start going down over time and start disappearing from the market. It would not be wrong to call them scam projects, these coins are created for the benefit of an institution or founder, when the interest is achieved, these coins are forced to disappear from the market.