Are Memecoins the ultimate crypto project?

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I don't think so, many people wil face their first scam with crypto and start doubting about this and if they just lost money and don't see any benefit they just leave and this will work if there is some filter to control how manya memecoins are there but so far there is a spam of memecoins that really don't make sence.
 
Nah! My opinion meme coins will die , as always. Every single crypto project once is found by people who don’t want to be legal , is dead. Easy as hell.

Don’t waste time on this. Crypto projects are great only if you are willing to do the right thing or at least try it
 
Hustlebuddy said:
What would be your advice for newbies then, because a lot of them come in with the expectation of making some kind of crazy returns that would retire them for life.
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I think the best thing to do is do away with that mentality entirely. See it more as an investment and use funds from your current source of income to bet on larger cap plays with utility, BTC, ETH SOL etc. If you want to learn how to make money in memes use lower amounts reflective of what have to invest. e.g. Put 80% in the Big caps, 10% in small caps you research and believe in, 10% to gamble on meme/animal coins. To start off Youtube channels like Altcoin daily, Elliotrades and Alex Becker are most people's entry into learning about smaller cap coins.
 
Memecoins can generate significant hype and quick profits, but they are often highly volatile and speculative. While they attract attention, they lack the utility and long-term viability of more established crypto projects.
 
K6d021 said:
I think the best thing to do is do away with that mentality entirely. See it more as an investment and use funds from your current source of income to bet on larger cap plays with utility, BTC, ETH SOL etc. If you want to learn how to make money in memes use lower amounts reflective of what have to invest. e.g. Put 80% in the Big caps, 10% in small caps you research and believe in, 10% to gamble on meme/animal coins. To start off Youtube channels like Altcoin daily, Elliotrades and Alex Becker are most people's entry into learning about smaller cap coins.
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This makes a lot of sense, thank you very much mate.
 
Hustlebuddy said:
This makes a lot of sense, thank you very much mate.
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I also recommend making a twitter account and following crypto influencers on there, you'll learn the culture and lingo etc but NEVER go over the 10% initial allocation no matter what and you will do well. Never be afraid to sell also when your are up significantly, these twitter/telegram communities will say anything to keep you holding and not selling, go in with the mentality they are all lying and just ride the hype and exit when you see signs of it fading.
 
Unpopular opinion? More like a fact at this point. Memecoins are the gateway drug of crypto—cheap thrills, high risks, and no PhD required. Dogecoin definitely opened the floodgates, and now everyone’s out here hoping their $10 turns into Lambo money. Gotta love the wild ride!
 
Haha That’s an interesting point! Things like Dogecoin do create an easier entry point for newbies, emphasizing community and fun rather than technical complexity.
 
Hustlebuddy said:
This might be an unpopular opinion, but I believe memecoins have really helped to lower the entry barrier for people wanting to get involved in the world of crypto, even more than the current mini game trend.

Take Dogecoin, for example, its rise in popularity, backed by high-profile endorsements from figures like Elon Musk, showed that you didn’t need deep technical knowledge to get involved.

There are so many examples like this, that makes it a lot easier for many people to invest and profit from crypto.
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Elon Musk no longer tweets in favor of dogecoin. Do not invest in any coin because of hype. Investment should be backed by real value in the coin.
 
ufocat said:
Unpopular opinion? More like a fact at this point. Memecoins are the gateway drug of crypto—cheap thrills, high risks, and no PhD required. Dogecoin definitely opened the floodgates, and now everyone’s out here hoping their $10 turns into Lambo money. Gotta love the wild ride!
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So, you recommend staying away?
 
savitaprasad said:
Elon Musk no longer tweets in favor of dogecoin. Do not invest in any coin because of hype. Investment should be backed by real value in the coin.
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Yeah, they don't have as much pull as they once did, but what's you suggestion for meme coins, you think avoiding them is the way to go?
 
Hustlebuddy said:
This might be an unpopular opinion, but I believe memecoins have really helped to lower the entry barrier for people wanting to get involved in the world of crypto, even more than the current mini game trend.

Take Dogecoin, for example, its rise in popularity, backed by high-profile endorsements from figures like Elon Musk, showed that you didn’t need deep technical knowledge to get involved.

There are so many examples like this, that makes it a lot easier for many people to invest and profit from crypto.
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Such a approach is very risky. You should first gather information about any coin and do all the research and then think about investing.
 
Memecoins are an obstacle in growth of crypto. Most people loose money with them and say final goodbye to crypto forever.
 
Hustlebuddy said:
This might be an unpopular opinion, but I believe memecoins have really helped to lower the entry barrier for people wanting to get involved in the world of crypto, even more than the current mini game trend.

Take Dogecoin, for example, its rise in popularity, backed by high-profile endorsements from figures like Elon Musk, showed that you didn’t need deep technical knowledge to get involved.

There are so many examples like this, that makes it a lot easier for many people to invest and profit from crypto.
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Memecoins serve a different purpose, they are not for serious investors. If you are serious with the investment, you should invest only in coins like BTC.
 
savitaprasad said:
Elon Musk no longer tweets in favor of dogecoin. Do not invest in any coin because of hype. Investment should be backed by real value in the coin.
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Dogecoin made many a million, and people made nothing by listening to people like you..
 
Yesterday Just recently after Binance listed two tokens, I randomly discovered NEIROOTC and I've actually traded a few bit on Bitget and made some minor profit so yeah meme coins is ultimate game changer for me I don't know about others
 
Meme coins is none less than Gambling because its on always basis on fomo and never beneficial for long term holder
 
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