In this thread, you can discuss hype and meme coins that are bought in the hope of quick profits. Some might call investing in these gambling, not investing. In this thread, you can discuss, for example, your own trades or share information about hype cryptos.
You can find ideas, for example, from:
Hey, with Shiba Inu. Its current market cap is already almost 40 billion, which places it at number 10 among all cryptocurrencies by market cap. If it were to rise by x10 (1000%) from its current value, it would be almost worth Ethereum, and x100 (10000%) would then be a 4 trillion market cap, which would be over x3 Bitcoin’s current market cap. So, it’s unlikely to even increase tenfold from its current value.
Tell me, fellow memecoiners, what kind of project is Dogelon Mars? I’ve seen various articles about it, and it seems to be available on crypto.com. I might even manage to buy some through them with the mindset of: putting in lottery money equivalent to one hotel weekend, and if it goes down the drain, so be it 
On the other hand, if it were to rise closer to Doge / Shiba market cap, I could upgrade to a new boat next summer 
Disclaimer: I’m a spoilsport. Perhaps a bitter one.
I’ve been following this crypto craze with my hair standing on end. There are amazing millionaire stories, and I’d be lying if I said it wouldn’t have been nice to be a Bitcoin owner for the past 10 years. But. Always that But… I’m still on the same page as Krugman. 12 years in IT…
Bitcoin, the first and biggest cryptocurrency, was introduced in 2009
… is on the scale of tectonic eras. Currently, the main use of Bitcoin (and other cryptocurrencies) is by extortionists who demand payment for decrypting hard drives and by criminals who transfer large sums of money outside conventional channels. All other uses of cryptocurrencies are completely marginal. Due to high volatility (the value of crypto compared to money created by central banks), it is not a tool for normal commerce. A product could cost 1 or 2 bitcoins tomorrow, depending on the exchange rate. Zimbabwe and the Weimar Republic are examples of what happens when the value of money fluctuates wildly day by day.
Twelve years is an eon in information technology time. Venmo, which I can use to share restaurant bills, buy fresh fruit at sidewalk kiosks, and much more, was also introduced in 2009. Apple unveiled its first-generation iPad in 2010. Zoom came into use in 2012. By the time a technology gets as old as cryptocurrency, we expect it either to have become part of the fabric of everyday life or to have been given up as a nonstarter.
If cryptocurrencies are compared to any other technological innovation that can be easily replicated, others have found good use in the world. Cryptos are still only a tool for speculation, with no real-world connection to guarantee their value.
But I’ve been in numerous meetings with enthusiasts for cryptocurrency and/or blockchain, the concept that underlies it. In such meetings I and others always ask, as politely as we can: “What problem does this technology solve? What does it do that other, much cheaper and easier-to-use technologies can’t do just as well or better?” I still haven’t heard a clear answer.
It’s entirely possible that cryptocurrencies just need to “mature” and spread sufficiently to solve some real existing problem. But for now, I don’t see what their added value is compared to existing currencies. That’s why I’m staying away from them… and perhaps a little poorer than crypto investors whose asses can handle the high volatility of the asset, I admit.
The full article from which the above quotes were taken.
https://www.nytimes.com/2021/05/20/opinion/cryptocurrency-bitcoin.html
Explain to me: Why would an excessively large market cap for any cryptocurrency hinder growth? What does it matter if, for example, Shiba Inu is currently worth 0.5x or 10x Bitcoin? In theory, 99.9% can hold, and 0.1% can increase the value by buying even fractions of a coin at absurdly high prices, sending the entire currency’s market cap skyrocketing.
I’m asking seriously. Cryptocurrencies, even Bitcoin, don’t make sense anyway.
Again, using Shiba as an example: If the price were, say, €10/piece and the market cap were the current one, the psychological factor would be completely different, and it would “feel expensive.” When the price is fractions of a cent, the psychology is different, and it’s easier to perceive there’s still room for growth. The cheap unit price of meme coins, in particular, is one of the factors that drives their value up, as it’s so cheap to buy a large number of them.
E: The question is not specifically directed at Vodel. I only used his post as an introduction to my own question. Anyone can answer.
It’s difficult for an individual to move, for example, Tesla’s stock price, yet it keeps rising, even though it’s been overpriced for years, measured by market capitalization, among other things. In this case, and with cryptocurrencies too, the rise is due to mass movement, and almost never to the trades of individual people. Tesla’s value is at least somewhat tied to a real business, which slows its progress, whereas the rise of cryptocurrencies is not hindered by (virtually) any “facts,” and sellers don’t appear because the crypto’s P/E (price-to-earnings) has gotten out of hand or the dividend percentage has dropped too much. I also categorize market capitalization in the same way; ultimately, it doesn’t matter in rises or falls except as a factor influencing their speed.
So, I do understand the “slowing force of the masses” resulting from the increase in value when those who bought cheap sell their cryptocurrencies that have already yielded huge returns, leading to occasional, inevitable selling waves. Nevertheless, the market capitalization of cryptocurrencies is ultimately a secondary factor for the continuation of the rise.
I don’t intend to dissect the matter further, just thinking out loud.
I’m not going to participate in this discussion any further than to say, “put stop-losses on every coin.” If you don’t know how to do it, then don’t buy. Similarly, it would be good to familiarize yourself with at least the basics of Technical Analysis, because ultimately, traders control these markets. There is no reason or basis why any of these coins couldn’t drop back to where they started, i.e., close to zero. And never rise back from there. Keeping these things in mind and truly “investing” only small amounts, you can “dabble” in anything.
Oh - I forgot to mention that even a stop-loss is not a 100% guarantee. In a big sell-off, they might not trigger in time, so set alerts and monitor the price regularly.
You don’t have to wait until 2050 for these.
This is by no means an investment recommendation, but rather a participation in a discussion pondering an interesting phenomenon. You could very well lose your money even more efficiently with these than with the current hypecoins.
https://twitter.com/SimonZawa/status/1455107386583232513?t=asDW7iTroqYJ04d3_AxgAw&s=19
This can also happen in this game
E:
Do stop-losses even help in similar rug pull situations?
Over the weekend, I bought a meme coin called Tiger King. It’s made in collaboration with Joe Exotic, known from Netflix. There’s probably no sense in these, but this one will certainly get a lot of attention soon when the second season of the show comes to Netflix on November 17th.
Netflix rarely adds new content these days, so in a couple of weeks, this show will pop up on every Netflix user’s front page worldwide. Along with this, there’s apparently going to be a pretty strong cryptocurrency marketing campaign.
This Reddit post pretty much sums up my own reasons for buying this lottery ticket. But really, the feeling is that we could lose everything 
You couldn’t even sell the coin after buying it (other than the creator), so no.
You’re confusing it with the Squid Game coin released last week.
Did it go like this, that when meme coins are already being discussed on Inderes forums, the beginning of the end is at hand? 
Some people seem to crave technical narratives about real problems that crypto solves. That is, they view them somewhat like stock investing. I’m not very interested in the real-world uses of cryptocurrencies, but I do believe in people’s endless desire to get rich quickly and easily. I’m more of an entertainment user and have been involved with Dogelon since April.
As far as I understand, the project started as a pure meme coin, whose greatest merit was combining Doge and Elon in its name. I thought this was a good joke and joined in. There was no white paper or use case even claimed to exist, and the “development team’s” expertise seems to be more in marketing and graphics than in coding.
The developers donated half of the world’s Dogelons to Vitalik Buterin (apparently as a joke). The price skyrocketed in May until Vitalik donated his Dogelons to charity and the price completely collapsed. A funny turn of events.
The donation went to a foundation called Methuselah Foundation. https://www.mfoundation.org. A very legitimate organization whose goal is to promote research that extends human lifespan. They quickly understood that the value of their potential billion-dollar fortune depends on trust and on the foundation not making sudden moves regarding sales. Our Promise to Steward Dogelon ($ELON) Value Long Term — Methuselah Foundation. Other marketing collaborations have also been developed since then. So suddenly, a joke coin got a pretty interesting partner and perhaps even a “purpose.”
The value was at rock bottom in the summer, and it was still very unclear if it would ever recover. But it has slowly risen, and significantly in recent weeks, thanks to the crypto.com listing, among other things. Dogelon entered CMC’s top 100 list, and its market cap is now around a billion. If the crypto bull market continues and, for example, Binance lists Dogelon, then why couldn’t this grow another 5-10x? And could it be the next Shiba Inu, whose market cap is 38x? I don’t intend to stay on board that long.
But it has been a roller coaster, and anyone joining at this stage is certainly taking a big risk.
There’s a lot of lag in Trust Wallet. Likewise, PooCoin BSC Charts. CoinMarketCap also seems to update prices with a delay. Hotbit seems pretty much on time? I don’t have Hotbit, so could you compare? I’ve sometimes wondered which site shows real-time prices for small coins. You sometimes see fluctuations of tens or hundreds of percent. How can I get my trades to hit the mark?
Doesn’t this work without registration?
https://www.hotbit.io/exchange?symbol=FLOKI_USDT
The bounce was small. It would probably require a more direct reference to crypto itself to get a proper rally going.
I’ve spent several tens of hours pondering the +90M YTD Shiba Inu case and the potential for other meme coins to experience similar renewals.
Let’s imagine there are exactly 5 meme coins in the world. How likely is it that you own the coin that will be the next to skyrocket? Another theory is the current situation, which is an oversupply. My newest question: How likely is it that you own the coin that will be the next to skyrocket?
The core question is: are there already too many for one to rise above the rest and the others to remain “in the shadows,” or will a potential 1M+% YTD, for example, be distributed among 50-100 different meme currencies?
Buy 50,000 different coins for $1 each and become a millionaire in a year? 
