Quote from: justdimin on July 05, 2024, 04:18:31 PM

Quote from: Slow death on July 01, 2024, 04:24:00 PM

I would start to look at meme coins more seriously, I could even think about investing in them

I do not think that you would get a chance to test your capital with memecoins. 99% of altcoin devs are scammers who ruined the entire industry and also degraded the reputation of bitcoin market as well. Very soon that we can expect altcoin industry to start falling down due to lack of support from investors. I guess it is surviving till date because of new investors but awareness will spread and new investors also will start avoiding altcoins sooner.

Most people who are involved with altcoins are aware that altcoins are just a means of making high profits quickly or else they will lose everything quickly. They know that altcoins have been created by scammers, because that's why they even think that if they create a new altcoin they need to make profits of 10x to 100x because then they will have many projects that will make them lose money. I have read people who invest in altcoins saying that they see investing in alcoins as a game in which whoever is lucky enough to invest early wins. people who are unlucky enough to invest late lose money. but in my case I always prefer to just invest in bitcoin, I don't expect to get 10x profits from investing in bitcoin, but at least I will be happy with a 3x or 4x profit. I will hold bitcoin until I have this 3x or 4x profit because I bought it at $40,000, I don't invest in altcoins

Quote from: el kaka22 on Today at 06:56:32 AM

The answer is simple, those meme coin projects that bring actual utility for their communities are going to stay because they are going to have use cases and people will keep using them in the future as well, and meme coins that have no utility at all and have no projects or functionalities backing them up may gain temporary hype and gain some value but they will eventually die and will be replaced by new ones.

However, despite all these things, I wouldn't recommend anyone spending a lot of money on meme coins hoping that they are going to get rich by doing this because even if a meme coin has a project backing it up, it will still contain a lot of risks and one should only invest a small amount in it to try their luck so that they don't lose a lot of money.

the problem with meme coins is the same problem that has been happening in the altcoin market in general: " copy - paste ". If tomorrow a guy comes along and creates an altcoin Z that allows you to improve Google Maps, for example, and this altcoin is successful and sees a big price increase? in the following weeks there will be many new altcoins with the same idea