Are gambling and meme coin investing the same?

[jossiel]

I've learned already.

Both made me that much losses, gambling and memecoin investing. 

If I am going to invest, I won't take a gamble with meme coins anymore. As for gambling, I'll just moderate it and make sure that it won't hit my pocket so much if I lose.

And as for investing, if there are some notable gambling related coins, I'd be taking my time on researching on them if they're profitable.

[kawetsriyanto]

Technical analysis on memecoins is unlikely; many of the predictions will just die off on arrival. Memecoins are typically just investing on hype, nothing much. The hype controls the price, and when the hype dies up, the price goes down with it.

True. Since it mostly depends on the hype, it is quite difficult to do technical analysis in memecoins. We can't analyze the hype, it is something a bit difficult to know. I think only the insider traders/investors who know it from the teams. 

It is not all gambling which is completely dependent on luck, some might also require a small portion of your vast knowledge and experience on gambling~

We know there are skill-based games, these gambling games also require skills in analysis. Poker and sports betting are 2 examples of the games that don't rely on the luck factor only.

~ the same thing applies to the memecoins but they can even be more unpredictable especially when you are trading a very new coin which was launched to the market.

It can't be applied on the new memecoins, it is only possible to apply in top memecoins. For the new memecoins, it is useless to do analysis because they basically have no clear fundamentals.

[Kavelj22]

sometimes there’s not even technical analysis involved with investing in memecoins. it’s not rocket science. you see something that might trend or people might find funny, you invest early.

It is only for short term investments. Technically performing isn't the key. Memecoins are a trend that only early catchers can benefit.from.
Investing in high risk assets doesn't make the difference. Memecoins or NFTs are just trend waves.

It is worth mentioning the example of Elon Musk turning a successfully project called Dogecoin that has been widely used as a mean of payment into a pump and dump coin, just to grab some great revenues out of the pockets of naive investors. This was the most important lesson to learn from in the history of the memecoins

[Taskford]

sometimes there’s not even technical analysis involved with investing in memecoins. it’s not rocket science. you see something that might trend or people might find funny, you invest early.

It is only for short term investments. Technically performing isn't the key. Memecoins are a trend that only early catchers can benefit.from.
Investing in high risk assets doesn't make the difference. Memecoins or NFTs are just trend waves.

This is the big problem of those greedy newbie investor. They think that its easy to multiply their money if they are going to hold it for more months, but they didn't check if those actions they did is really the best decision to do. Since usually majority of those people hold end up losing their capital and also their profits.

So with those situation happened. Its better to hold only those meme coins for short term, don't have any doubts to dump it when they see great profits came already. Because usually what comes after next to those pumps are huge dumps and many got scam because most of meme coins didn't recover.

[LastKiss]

~ the same thing applies to the memecoins but they can even be more unpredictable especially when you are trading a very new coin which was launched to the market.

It can't be applied on the new memecoins, it is only possible to apply in top memecoins. For the new memecoins, it is useless to do analysis because they basically have no clear fundamentals.

Yeah, looking at new memecoins with no fundamentals at all is just like gambling your money. We can't predict what will happen with these new memecoins some of them might run up 100x, while others could drop -99%. Even with top memecoins we still can't predict what will happen next. Although we can use technical analysis and news to analyze market movements, it remains very unpredictable.

What I think is that investing in new memecoins is purely like gambling with luck, while investing in top memecoins is more like betting on sports.

[Kavelj22]

sometimes there’s not even technical analysis involved with investing in memecoins. it’s not rocket science. you see something that might trend or people might find funny, you invest early.

It is only for short term investments. Technically performing isn't the key. Memecoins are a trend that only early catchers can benefit.from.
Investing in high risk assets doesn't make the difference. Memecoins or NFTs are just trend waves.

This is the big problem of those greedy newbie investor. They think that its easy to multiply their money if they are going to hold it for more months, but they didn't check if those actions they did is really the best decision to do. Since usually majority of those people hold end up losing their capital and also their profits.

So with those situation happened. Its better to hold only those meme coins for short term, don't have any doubts to dump it when they see great profits came already. Because usually what comes after next to those pumps are huge dumps and many got scam because most of meme coins didn't recover.

Investing in high risk assets remains a kind of gambling because it's luke betting on a chance out of many other chances possibilities. This is can be applied to all kinds of investments at specific level for each type. But investing in those called memecoins or any other pump and dump token, is like betting on the under-dog which is less chance to win.

As a direct clear reply to the question in op, yes they are the same. But take into consideration the rate of risk. It's not the same when you bet on a confirmed strong team compared to betting on your favorite team just based on personal emotions. Personal preferences are always the biggest obstacle when gambling like when investing.

[Webetcoins]

It can't be applied on the new memecoins, it is only possible to apply in top memecoins. For the new memecoins, it is useless to do analysis because they basically have no clear fundamentals.

Yeah, looking at new memecoins with no fundamentals at all is just like gambling your money. We can't predict what will happen with these new memecoins some of them might run up 100x, while others could drop -99%. Even with top memecoins we still can't predict what will happen next. Although we can use technical analysis and news to analyze market movements, it remains very unpredictable.

What I think is that investing in new memecoins is purely like gambling with luck, while investing in top memecoins is more like betting on sports.

Memecoins never had any fundamentals, all they offered was "lol look at this silly thing" and people invested because nobody really took it seriously and all they did was hype each other and make each other buy and that's how make it go up.

Obviously the moment hype dies down, everything goes down and you just hope that you buy before the hype starts and sell before hype ends, that's it. That's not a good project to invest and yet a lot of people did that for some reason during the peak of memecoins.

[Barikui1]

Not fully same for me. Yeah they look similar because both can make you lose money fast, but meme cons still got a bit more room for timing and marketing reading. In gambling its mostly pure luck, while meme coins hype and news can push price up or down very quick. Problem is many people still buy late because of FOMO, so end result becomes same for them. That's why I always think small money only in both, just in case things go wrong fast.

I largely agree with your sentiment here because in gambling, it purely base on luck, unlike meme coin that needs some proper analysis to be sure if it's the right moment to enter or not, but one thing they both have in common is losing money. Though I can't deny that investment in meme also demands a symptom of luck for you to be at a profitable end, because if you are not lucky enough and you bought at the wrong time, your investment will crash so hard to a point you will not be willing to cut your loss, which in most scenarios you are going to lose more money because at that point, it's a one way fall, but in gambling, once it fails, you lose everything at the spot, you wouldn't have a lifeline like in meme coin investment. So I wouldn't say they are actually the same, but they are extremely close to being the same because their end product is constant losses

[bitterguy28]

I've learned already.

Both made me that much losses, gambling and memecoin investing. 

If I am going to invest, I won't take a gamble with meme coins anymore. As for gambling, I'll just moderate it and make sure that it won't hit my pocket so much if I lose.

And as for investing, if there are some notable gambling related coins, I'd be taking my time on researching on them if they're profitable.

in both gambling and investing in memecoins, you should really make sure that you are only putting out money you can afford to lose because otherwise it can go pretty south really fast

[o48o]

Memecoins never had any fundamentals, all they offered was "lol look at this silly thing" and people invested because nobody really took it seriously and all they did was hype each other and make each other buy and that's how make it go up.

Obviously the moment hype dies down, everything goes down and you just hope that you buy before the hype starts and sell before hype ends, that's it. That's not a good project to invest and yet a lot of people did that for some reason during the peak of memecoins.

I would disagree with you here. Memecoins have way more fundamentals then majority of the utility coins or tokens. Those fundamentals just seem like non-existent, because they are basically same as with majority of the tokens out there. Those fundamentals are that you can send them, and buy or sell them if there are buyers.

Majority of the altcoins however are selling snake oil, trying to provide tech that no one needs for problems that don't actually exist. They are way more dishonest about real utility so they have way shadier fundamentals. Memecoins don't sell snake oil, they sell what they are. Honesty. Unless they are rug pulls, which still doesn't move them far from other utility tokens.

[Nahl]

Many traders have wrong thought about meme coin because they were inspire from the people who can gets 100x or even 1000x profit in a single trade that's why these traders feel when they joining to meme coin world they want to gets rich instantly and for me i have done for both that to gambling and meme coin trading which i can says the risk are pretty much same that because in meme coin there is no fudamental and only based on hype and also fully manipulation that in meme coin too you were similar to fight against the devs because when those devs are created meme coin basically they also want to stole money from us and eventually the coin they have made became an scam coin

[Delaforetnoire]

because in meme coin there is no fudamental and only based on hype and also fully manipulation

Yes, they keep doing heavy marketing to maintain hype and excitement, especially with telegram airdrops where this is very common.

Once the hype fades, they also lose their value and disappear.

[coin-investor]

I think the expectations are the same because people find the potential to get rich in both gambling and meme coin investing. In reality, there is a possibility of losing money quickly in both. The difference for me is that there is no technical analysis effectiveness in gambling but in the case of meme coin so the technical analysis can bring good results.

You can cut your losses in memes in case you are late to dump, but in gambling, once you lose your bankroll, it's the end for you; you should not consider gambling as an investment where you expect profit because, there is no analysis involved you can only rely in luck whereas investing in memes if you know how to play it right you have a chance to make profit.

[Abu-Naim]

I think the expectations are the same because people find the potential to get rich in both gambling and meme coin investing. In reality, there is a possibility of losing money quickly in both. The difference for me is that there is no technical analysis effectiveness in gambling but in the case of meme coin so the technical analysis can bring good results.

You are right. Since the last two years, when some meme coins gave their investors huge profits, some gave 10X, while some gave more than that, investors are not investing for potentials anymore, they only invest in almost all coins to take the risks so that any of them that turned out to give profit will coverup for others; but the market was not as it is used to be; the market became so scary to the extent that meme coin investment is more or less like gambling because since last year, no single meme coin has gioven much profit in crypyo market. Investing in any altcoin or memecoin is now like gambling because some of the new projects are not even worthy of investing in because they do not have a proper roadmap, and some are using plagiarised whitepapers just to scam victims.
The only difference between investing in a meme coin is that you don't have any knowledge about and gambling is that, in gambling, you will lose at once, while in cyrpto investment, you will keep holding the shitcoins even of it is dead.

[Taskford]

I think the expectations are the same because people find the potential to get rich in both gambling and meme coin investing. In reality, there is a possibility of losing money quickly in both. The difference for me is that there is no technical analysis effectiveness in gambling but in the case of meme coin so the technical analysis can bring good results.

You can cut your losses in memes in case you are late to dump, but in gambling, once you lose your bankroll, it's the end for you; you should not consider gambling as an investment where you expect profit because, there is no analysis involved you can only rely in luck whereas investing in memes if you know how to play it right you have a chance to make profit.

If meme coins start to dump somethings there's no going back with this tokens, so chance to regain those loses after they cut their losses is really uncertain. Although maybe some could able to recover their paper loss, but in current state of meme coins it seems that its hard to rely on its revival. One of reason why its not good to hold this and pay always attention on its movement to avoid losing from sudden dumps.

In gambling yeah they are taking their chances to win, but I'd rather think or prioritize enjoyment over greed to earn. Because same with meme coin trading profit taking is uncertain and we don't know if we are going to win or go home broke.

[Stable090]

It is only for short term investments. Technically performing isn't the key. Memecoins are a trend that only early catchers can benefit.from.
Investing in high risk assets doesn't make the difference. Memecoins or NFTs are just trend waves.

If you are putting your money into meme coins, don’t even plan to hold for long time, because most of them are just pumped base on hype, and when the hype dies down, the coin is also dropping, if you decide to hold for long time, when you will want to sell, the coin might not even worth anything anymore, so for people that are into meme coins, or that are planning to go into meme coin, just make sure you sell when there is hype, and don’t think a particular meme coin will be good for long time investment.

[Kavelj22]

It is only for short term investments. Technically performing isn't the key. Memecoins are a trend that only early catchers can benefit.from.
Investing in high risk assets doesn't make the difference. Memecoins or NFTs are just trend waves.

If you are putting your money into meme coins, don’t even plan to hold for long time, because most of them are just pumped base on hype, and when the hype dies down, the coin is also dropping, if you decide to hold for long time, when you will want to sell, the coin might not even worth anything anymore, so for people that are into meme coins, or that are planning to go into meme coin, just make sure you sell when there is hype, and don’t think a particular meme coin will be good for long time investment.

This is your wise strategy because you understand the uselessness of the memecoin projects inside and outside the trading market. But guess what? You or me, as investors, will never make trading profits if there are no naives who believe in the benefits of those coins for long term. Personally speaking, I would never recommend investing in those shitcoins to anybody because I will be encouraging pump and dump projects by doing so.

[ultrloa]

If you are putting your money into meme coins, don’t even plan to hold for long time, because most of them are just pumped base on hype, and when the hype dies down, the coin is also dropping, if you decide to hold for long time, when you will want to sell, the coin might not even worth anything anymore, so for people that are into meme coins, or that are planning to go into meme coin, just make sure you sell when there is hype, and don’t think a particular meme coin will be good for long time investment.

This is your wise strategy because you understand the uselessness of the memecoin projects inside and outside the trading market. But guess what? You or me, as investors, will never make trading profits if there are no naives who believe in the benefits of those coins for long term. Personally speaking, I would never recommend investing in those shitcoins to anybody because I will be encouraging pump and dump projects by doing so.

They provably get discourage to invest if they know how useless those token are and how fast it could possibly dump, but unfortunately many newbie are so greedy thinking that they won't get scam by those meme coins if they just invest early. But what happen next is they lose their money, because there are lots of memecoins just listed their tokens on low liquidity or shady exchange then immediately dump their tokens.

That's why its better not to try and just better go with good coins.

[Emitdama]

If you are putting your money into meme coins, don’t even plan to hold for long time, because most of them are just pumped base on hype, and when the hype dies down, the coin is also dropping, if you decide to hold for long time, when you will want to sell, the coin might not even worth anything anymore, so for people that are into meme coins, or that are planning to go into meme coin, just make sure you sell when there is hype, and don’t think a particular meme coin will be good for long time investment.

This is your wise strategy because you understand the uselessness of the memecoin projects inside and outside the trading market. But guess what? You or me, as investors, will never make trading profits if there are no naives who believe in the benefits of those coins for long term. Personally speaking, I would never recommend investing in those shitcoins to anybody because I will be encouraging pump and dump projects by doing so.

When it comes to trading, multiple people will have multiple opinions so we can't really expect all to have same thoughts. Many people prefer investing in those meme coins even now. Maybe they might have had good experiences in the past or want to try out their luck and see if they can make 100x in a short period of time.

Yes, these people can hardly make any profits as they are relying on market probabilities which never favours us. But still, these people are quite important for the market as they revolve funds. The funds lost by these people is someone else's profit. Even I would never recommend anyone invest in these meme coins because my experience has been totally different. I have lost a good amount of money in the meme coin hype and no matter what happens now, I will never consider investing in these meme coins again.

[GeorgeJohn]

I think the expectations are the same because people find the potential to get rich in both gambling and meme coin investing. In reality, there is a possibility of losing money quickly in both. The difference for me is that there is no technical analysis effectiveness in gambling but in the case of meme coin so the technical analysis can bring good results.

Gambling is totally different from investing in memecoin, in gambling it's something that you may lost everything at once, so in gambling the risk that's involve in gambling is very higher than the risk that is involving in memecoin investment, because you can lose everything you have at any time in gambling. Because gambling is not predictable from my understanding...Another important thing we need to know is that, memecoin investment is at safer side than gambling kind of investment...because in gambling you will lose everything at a time without recovering anything but in memecoin you can recover your part of investment, despite but of them can make you to lose unexpectedly..