Not every "meme" coin comes from something silly. Remember that what most people call a "meme" today could become a powerful force tomorrow. But I'll give you this: most of them are short-lived sparks that will go out.
But it's a big mistake to lump all meme coins together and put them on the bench. Even in this category, if you do enough study, you might find some real gems. Yes, BTC and ETH have been around for a long time, but what? Even they were questioned at first.
People who are swayed by quick money might get "rekt," as you say, but painting everyone with the same brush stinks of oversimplification! And about your point about having Bitcoin: why just hold it? Adopt and embrace it; don't just hold
But it's a big mistake to lump all meme coins together and put them on the bench. Even in this category, if you do enough study, you might find some real gems. Yes, BTC and ETH have been around for a long time, but what? Even they were questioned at first.
People who are swayed by quick money might get "rekt," as you say, but painting everyone with the same brush stinks of oversimplification! And about your point about having Bitcoin: why just hold it? Adopt and embrace it; don't just hold
If there's only one "meme" coin I'd trust, that would be Dogecoin. It's the most tried-and-tested Blockchain out there after Bitcoin and Litecoin. All of the other newcomers (Shiba Inu, Garlicoin, PEPE) are simply trying to carry on with the DOGE hype train. I don't see them bringing anything new to the scene that would distinguish themselves from the original "meme" coin. Why would I want to invest into a "copycat" whose value can dip overnight once the hype fades away? I'd secure my position into prominent coins like BTC and ETH and forget about the rest.
Of course, that doesn't mean you can't use "meme" coins for quick payments or day trading. They're usually cheaper than popular coins like Bitcoin and Ethereum. Whenever you see the opportunity to make short-term profits, take it. Who knows if by the time crypto becomes a part of our daily life, "meme" coins cease to exist? Just my thoughts
