Quote from: milewilda on May 29, 2023, 07:09:33 PM

Quote from: Xal0lex on May 29, 2023, 06:55:24 PM

Quote from: I_Anime on May 23, 2023, 03:31:41 PM

-snip-

You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about.

Plus being hyped that someone which is known and popular like Elon. We arent that blind on how Pepe and Shib or even Doge did make out that significant increase into its price for how many folds just because we know that Elon did really make out some tweet about those coins which we know that this market is really that highly reactive when it comes to this on which it isnt really that surprising.This is where people are really that a
fan on dealing with meme coins on which they do really have that kind of hope deep inside that it might really be that hyped by someone and make out those x100 or x1000 or more. This is why on the time that theres
some coin which is really that good when it comes to marketing and does really have that kind of hype, then people would surely be diving in and having that kind of hope. Its meme coins which doesnt have that
utility and this is why its really that risky when it comes to long term holds and if ever you would really be having plans on dealing with it then it would really be better to go for short term trades on
which on the time that you do see gains then better pull it off directly before its too late. Pump and dumps is the usual scheme.

The whole point is that even many conventional altcoins, which have capitalizations of hundreds of millions of dollars, also have nothing useful, but they do not behave the way memcoins do. They can live for years and rise in value and fall organically, without extreme behavior. I'm talking now about all sorts of clones of various ETH, BNB and other well-known projects that parasitize on ideas that have already been implemented. The problem with memcoins is that they force a huge number of people to buy at the very highs and after that there is a sharp dump. Very few investors have the opportunity to buy memcoin at the very beginning, but the usual altcoin to buy in this way is still possible, and this possibility is much higher.