Quote from: Abiky on July 26, 2024, 10:49:16 AM

Quote from: lixer on July 14, 2024, 06:31:52 PM

A lot of people tend to have unrealistic expectations from meme coins, they either don't have any knowledge about the market and know what meme coins are, or they deliberately refuse to see and accept the reality. No one with enough sanity would invest a large amount of money in a meme coin and keep holding it expecting they are going to get rich from this investment, I know some meme coins tend to provide people with huge profits, but that happens once in a blue moon and not every day.

So, such investors need to understand that they are basically wasting their money and their time by buying and holding meme coins, if you buy a meme coin, and get a small amount of profit from it, you should take it and exit the market before it's too late and your tokens start losing value.

Exactly. People are only into "meme" coins because of the hype. They will invest in them, even if such coins are not meant to be held for a long time. The economics of "meme" coins alone, tells us they're nothing but "worthless junk". DOGE had its "lucky year" back in 2021 because of Elon Musk. But it's not doing so well lately.

Shiba Inu was created after Dogecoin "pumped" to almost $1. Coins like PEPE, Floki Inu, and BabyShibaInu came afterwards. And lets not forget about the recent ones such as BONK and WIF. Unless the USD (and similar currencies) lose value big time, don't expect Shiba Inu to go to $1 now nor in the future. Lets just buy and "hodl" BTC, and forget about the rest. Wink

Even most of us experienced people or simply with those veterans of this market sees out meme coins to be shit or having no future but it seems that we are really that indeed wrong.On this current cycle on which we are really that seeing that they are really that making huge volume in overall which it is really that beating up those blue chip coins or to those who do have that actual utility on which this do simply means that interest and considerations about meme coins is really that high. This is why some people are really that fond on keeping or holding them on long term on which we know that this is something which is really that very risky to be done.
Why? we know that meme coins are built by hype and once that hype is gone then say good bye into your money on which you would really be ending up on bag holding those shit coins.

As for $SHIB, which i havent been able to follow or track their progress whether they've done something exceptional on this current cycle then chances about hitting new all time high could be possible
but i highly doubt that since the attention isnt really that been focused on few old meme coins but rather we do have some new ones. Also, hitting up $1 for SHIB?
Even in my dreams this thing couldnt really be happening. Cheesy