Why Memecoins Keep Returning - Even When the Market Tries to Move On

[Odohu]

I’m curious to hear:

Are memecoins now a predictable part of crypto cycles?

Do you track sentiment and volume when watching them?

Has your approach to memecoins changed over time?

Looking forward to the discussion.

I try my best to avoid doing anything serious with memecoins because they are not loyal to technical analysis neither do they mostly follow general fundamental analysis that often impact the cryptocurrency market. Memecoins are powered by something unique to the individual memecoin which is why some memecoins might be bullish in a predominantly bear market and vice ver. Investing in memecoins with the hope of making profit is pure gambling with the odds against the investor.

[Jobbe]

For me I think memecoins keep coming back because people always want "fast money". They don't take time to understand how the system really functions.they just think "i can turn $100 into $10,000, and that's how most people think.

Also the fact that, memecoins are very easy to buy, should be a factor to put into consideration..you dont really need to study or understand any form of tech, you dont even need to be smart to buy memecoins.(You just click and you buy). Also the fun and online groups even memes, makes it difficult for people to stay away.(Most people enjoy it as a game).
So as long as people are craving for excitement and fast money, memecoins won't disappear.

[Jegileman]

Are memecoins now a predictable part of crypto cycles?

It depends on how you see them and handle them to be an important part of your cycle. People have made lots of money through memecoin, so it may not be a predictable part of the cycle due to its high volatility. It’s a risky coin, so you just have to trade them at your own peril.

Do you track sentiment and volume when watching them?

They are not worth your time being tracked. Those volumes don’t mean anything when they can be pumped or dumped at anytime during the process when it’s live.

Has your approach to memecoins changed over time?

Yes, I now see it basically as a pump and dump initiative, only risk what you can afford to lose and let the market decide the rest for you.

[Ishicryptic]

To answer the question why memecoins keeps returning even when the market tries to move on? My answer is quite simple, GREED some people don't care how much they got scammed the last time they just want to hop on the next one. They have hope that it will be different from the others ones where they have lost their money and this current one will give them the abnormal profit to recover all their loses. Again the same thing happens and they lose but their greed will not allow them to move on, they will keep believing project hypes and keep losing.

Another reason why memecoins keeps returning despite how people in the crypto market knows that they are scams projects is that millions of people out there don't know what we know about memecoins. As more newbies are entering the market because they heard that they will get rich quick through cryptocurrency, memecoins will continue to be around to receive them. Information is power don't invest your money into what you know nothing about.

[AVE5]

I’m curious to hear:

Are memecoins now a predictable part of crypto cycles?

Do you track sentiment and volume when watching them?

Has your approach to memecoins changed over time?

Looking forward to the discussion.

It's undoubted but unreasonable of how memecoins had flooded all over the crypto markets with the various projects trying to force itself in to gain enthusiasts attentions.
Memecoins hasn't been tracked to be in any of the crypto cycle of market events but developers had always acted smarts finding some particular period of psychological market events to push in their projects believing it's the best time to lure people who're vulnerable.
Memecoins hasn't been to be trusted not for the short or long term goal because in just a click the project will be gone and at it own time developers will reintroduce it in different form that it's an evolution with better potential hedges while they're all just marketing strategies for developers and their teams.

[WatChe]

To answer the question why memecoins keeps returning even when the market tries to move on? My answer is quite simple, GREED some people don't care how much they got scammed the last time they just want to hop on the next one. They have hope that it will be different from the others ones where they have lost their money and this current one will give them the abnormal profit to recover all their loses. Again the same thing happens and they lose but their greed will not allow them to move on, they will keep believing project hypes and keep losing.

Another reason why memecoins keeps returning despite how people in the crypto market knows that they are scams projects is that millions of people out there don't know what we know about memecoins. As more newbies are entering the market because they heard that they will get rich quick through cryptocurrency, memecoins will continue to be around to receive them. Information is power don't invest your money into what you know nothing about.

Memecoins are usually cheap in price and people invest in them with intention of becoming rich with less investment but that never happen because people only lose money in memecoins. The irony is that we are not willing to learn from history and people still try there luck with new memecoins and that's how memecoins are getting business i.e only because of people greed to become rich. It's of no use to invest in memecoins and even if you have spare money try to invest that in good alt coin that has the capability of giving you good return.   

[icebar]

Has your approach to memecoins changed over time?

Looking forward to the discussion.

Meme coins are based on hype and strong community support, so I don't have a particular view on it and I'm not thinking much about it. The reason why the price of Meme coin keeps coming back is very simple because the market has not built that kind of confidence now. Usually, Meme coins start moving only when the market gives a green signal. If the price of Bitcoin increases slightly at present, it will come back again later. And those who invest in Meme coins are in a dilemma. Investing in such a situation may create a possibility of loss. Those who knew about the previous bullish market may also know the movement of the meme coins.

Those who want to invest in in this coin must be patient. If you invest in the hope of quick profits, the loss may increase. That is why trying to learn more about these coins and if you have invested, hold it until the market return to a positive trend.