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In 1984, a UK television Advertisement Chocolate Bar for Kit Kat is set in the office of a music label where an eager young band plays their demo to a bored music executive. Afterwards, they were served the famous chocolate bars and the manager said:
“You can’t sing, you can’t play, you look terrible… you’ll go far.”
This is as close as I can get to explaining the appeal of memecoin to smart, smart and intelligent people. But don’t be fooled: Smart people are making tons of money off silly MemCoin – always at the expense of less-smart people without ever having a good time.
And time is everything in Memecoins, which generally has no use for anything other than having fun and making money. So, without any fundamentals to trade, can you still take a “smart” approach to making money trading Memecoin?
Yavin, co-founder and business head of Syndica, said a firm “no” to the idea.
“Anybody who says they have any trading strategy with memecoins is talking complete BS,” he said, adding that the only reason interest in memecoins has increased this year is because of the bear market and crypto winter.
“People need to do something with their investments, and they can’t wait for the next bull run. These people are not interested in investing in real projects that take years to build. And they’re all about making big bucks and making a quick buck. That’s the reason,” says Yavin.
The best investment Vitalik Buterin ever made was DOGE
But no less a figure than Ethereum co-founder Vitalik Buterin – possibly the smartest person in the entire industry – turned a $25,000 investment in the original Memecoin Dogecoin into several millions. He told podcaster Lex Friedman in 2021 that he sold $4.3 million of DOGE during the 2020 lockdown, and reports at the time suggested that his remaining stash of Dogecoin was worth $20 million.
“It was one of the best investments I’ve ever made,” he said, though he added that he certainly didn’t expect that return when he bought at $0.008. They donated their profits to GiveDirectly.
Tom Mitchelhill is a financial journalist who has worked for various cryptocurrency publications and now writes for Cointelegraph – so, he’s definitely on the smarter and better-informed end of the spectrum.
He told the magazine that he finds memecoins attractive. Mitchellhill discovered them early in his crypto writing career and has been at it ever since.
He says, “My interest is financial – it’s a for-profit sport – but it’s also fun.”
“They may be silly, but there is something about MemCoin that is also culturally significant. Otherwise why would such a large number of people attend?”
What should you be looking for in a Memecoin investment?,
Evgen Verzun, director of Kaizen.finance – a secure blockchain platform for token launches – is a big fan of MemCoin and understands the need to try and jump on what you think might be next.
“Let’s say you missed the ‘hype train’ of Dogecoin, but you still want to be a crypto millionaire. What do you do? You’re looking for something that ‘hasn’t left station yet,” Verzun says.
For around 120,000 candidates this year, the train speed away from the station was PEPE. Based on the popular crypto meme of Pepe the Frog (but with no relation to creator Matt Fury), the website warns that it’s “completely useless”, which oddly seems to be part of the appeal.
For example, Mitchellhill likes PEPE:
“When it comes to the latest king of MemCoin, PEPE, the founders clearly say it has no utility, and that makes me laugh,” he says.
According to Coinmarketcap, PEPE’s market cap increased to $1.5 billion in early May, but then the price dropped by almost 80%. Reflecting the extreme volatility that Memecoin is known for, the market capitalization has grown from $250 million to over $600 million since the first draft of this story was written.
While those who bought at the top probably didn’t make wise investments, many smart people made money at the top and got out before they bottomed out.
Mitchellhill claims that he is not much of a gambler. He invests small and expects to get away with more than he invested. He explains that the real killing is done by the insiders who take half an hour to launch.
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With PEPE, once Mitchellhill reached 500% profit, he withdrew his money. This is how smart investors generally work – some profit, some risk, some return. Having a clearly designed plan for when to take profits is a smart move. Most people continue with their investments in the hope that:
a) they will go higher, or
b) they will return to their peak value.
Three-Point Plan for Trading MemeCoins
Sarah Jane Kenny, Algorand ambassador and founder of Offchain Ireland, is another investor who is very clear about what she is doing and says that her portfolio has grown in a bear market as a result of trading Memecoin. He has traded in companies such as DOGE, PEPE, SFM and COOP.
“Everything has its pros and cons, which I’m excited to be involved in. Many memecoins start off as mere speculation in the beginning, then they can either grow to pump and dump or they can start to build utility and a strong community around it – these (the latter) are the type that I choose
His three-point plan for making money when trading MemeCoins is, specifically, research, patience, and efficiency.
Kenny uses the example of COOP where he researched the genesis of the token, the team, the community and what progress is being made. After selecting a promising token, she considers the most efficient way to trade it, what fees might be involved, the speed of transactions, and the different prices across the different DEXs and CEXs.
She then advocates watching the market for a while and learning patterns, to see when support is found and when “selling” begins.
“Buy low, sell high – it’s easy on paper but takes a lot of time to get right, so practice and keep notes, as markets can be volatile. Remember to take profits and only invest what you can afford to lose. “You don’t have to sell everything at once: dollar-cost average in and out to achieve maximum effectiveness with each trade,” says Kenny.
She believes that the best memecoins are those that have a strong community, are building utility and have some sort of meaning, even if it is a joke. That’s why she sees potential in COOP.
For starters, it’s an Algorand ecosystem coin based on a series of hilarious fictional videos by Cooper Daniels after discovering an influencer took a trip to Bitcoin Beach. Airdropped to the community, and with Daniels holding zero tokens, it spawned a wealth of COOP-related content and games, becoming Algorand’s fourth largest token.
“For trashers, you need to pay attention to red flags, such as the majority of the token being held by the creator, if the team is not bothered, there is no progress being made with the token or the community. Oh, and make sure the community isn’t just bots.”
being quick is like being right
Harry Horsfall, CEO of Flight3, is bullish about Memecoins. When asked why smart people buy Memecoin, he explained that being quick is for winners. A successful Web3 entrepreneur whose business was recently taken over by Steven Bartlett Dragon’s Den fame, he likes dabbling because of excitement and because he feels he has his finger on the pulse and is ahead of the retail speculators.
“I think the PEPE coin is fantastic. It is clearly written on the website that it has no utility and has no roadmap. It’s just network effects,” he says.
Horsfall sees people having fun with MemCoin, but notes that there are some serious marketers pulling the levers in the background.
“We are investing in ideas – and yes, 99% of them are not going to work, but the 1% always are. If you look at Dogecoin, most people bought at 0.000…” Here, Horsfall loses count of how many zeros, but suffice it to say that if Dogecoin ever goes to a dollar there will be some very happy people.
“It’s a bit like winning the lottery. We are all on tour, working all day, but maybe tomorrow we will win.
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nfts are actually memes too
Neil Bodle, full-time Dezen and founder of BodleNFT, took a break from his day job to explore dollar-cost averaging on Bitcoin and Cardano, but unfortunately, his entry coincided with a bear market. But as the market bottomed out, NFTs caught his attention.
“I’ve always been fascinated by digital collectibles and pop culture. For example, I’ve been watching Dogecoin since its inception, but in general, for Memecoin to work, they need a certain momentum and encouragement from a community.
Bodle had known about the Pepe the Frog meme for a long time, and judging by the conversation on Twitter, he argued long ago that a memecoin based on crypto’s most popular meme could quickly become popular.
“A meme like PEPE is faster to share than text or words,” he says, adding it to the philosophy.
“The psychology of all Memecoins is extremely simple. People want only two things in life – bread and circus. Memecoins fills those needs, providing plenty of entertainment and dough. generally speaking. It simply becomes a question of balance because, in this world, no one can All Wealth And all the fun,
Bodle says that sophisticated traders can use the entertainment aspect to make serious money.
“I am not ashamed to say that I am a person who enjoys memes, but my stance on MemeCoin reflects his own philosophy: I take them as a hoax as they are perceived. Crypto snobs think memecoins undermine and undermine the reputation of crypto as a whole, but I would say that if the industry can be undermined by a bunch of memes, it probably has much bigger problems to worry about,” Verzun says. Are.
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The most fascinating reading in blockchain. Delivery is done once a week.
In 1984, a UK television Advertisement Chocolate Bar for Kit Kat is set in the office of a music label where an eager young band plays their demo to a bored music executive. Afterwards, they were served the famous chocolate bars and the manager said:
“You can’t sing, you can’t play, you look terrible… you’ll go far.”
This is as close as I can get to explaining the appeal of memecoin to smart, smart and intelligent people. But don’t be fooled: Smart people are making tons of money off silly MemCoin – always at the expense of less-smart people without ever having a good time.
And time is everything in Memecoins, which generally has no use for anything other than having fun and making money. So, without any fundamentals to trade, can you still take a “smart” approach to making money trading Memecoin?
Yavin, co-founder and business head of Syndica, said a firm “no” to the idea.
“Anybody who says they have any trading strategy with memecoins is talking complete BS,” he said, adding that the only reason interest in memecoins has increased this year is because of the bear market and crypto winter.
“People need to do something with their investments, and they can’t wait for the next bull run. These people are not interested in investing in real projects that take years to build. And they’re all about making big bucks and making a quick buck. That’s the reason,” says Yavin.
The best investment Vitalik Buterin ever made was DOGE
But no less a figure than Ethereum co-founder Vitalik Buterin – possibly the smartest person in the entire industry – turned a $25,000 investment in the original Memecoin Dogecoin into several millions. He told podcaster Lex Friedman in 2021 that he sold $4.3 million of DOGE during the 2020 lockdown, and reports at the time suggested that his remaining stash of Dogecoin was worth $20 million.
“It was one of the best investments I’ve ever made,” he said, though he added that he certainly didn’t expect that return when he bought at $0.008. They donated their profits to GiveDirectly.
Tom Mitchelhill is a financial journalist who has worked for various cryptocurrency publications and now writes for Cointelegraph – so, he’s definitely on the smarter and better-informed end of the spectrum.
He told the magazine that he finds memecoins attractive. Mitchellhill discovered them early in his crypto writing career and has been at it ever since.
He says, “My interest is financial – it’s a for-profit sport – but it’s also fun.”
“They may be silly, but there is something about MemCoin that is also culturally significant. Otherwise why would such a large number of people attend?”
What should you be looking for in a Memecoin investment?,
Evgen Verzun, director of Kaizen.finance – a secure blockchain platform for token launches – is a big fan of MemCoin and understands the need to try and jump on what you think might be next.
“Let’s say you missed the ‘hype train’ of Dogecoin, but you still want to be a crypto millionaire. What do you do? You’re looking for something that ‘hasn’t left station yet,” Verzun says.
For around 120,000 candidates this year, the train speed away from the station was PEPE. Based on the popular crypto meme of Pepe the Frog (but with no relation to creator Matt Fury), the website warns that it’s “completely useless”, which oddly seems to be part of the appeal.
For example, Mitchellhill likes PEPE:
“When it comes to the latest king of MemCoin, PEPE, the founders clearly say it has no utility, and that makes me laugh,” he says.
According to Coinmarketcap, PEPE’s market cap increased to $1.5 billion in early May, but then the price dropped by almost 80%. Reflecting the extreme volatility that Memecoin is known for, the market capitalization has grown from $250 million to over $600 million since the first draft of this story was written.
While those who bought at the top probably didn’t make wise investments, many smart people made money at the top and got out before they bottomed out.
Mitchellhill claims that he is not much of a gambler. He invests small and expects to get away with more than he invested. He explains that the real killing is done by the insiders who take half an hour to launch.
read this also
column
Socio Boss goal? To knock crypto out of the park
features
Building Community Resilience to Crises through Mutual Aid and Web3
With PEPE, once Mitchellhill reached 500% profit, he withdrew his money. This is how smart investors generally work – some profit, some risk, some return. Having a clearly designed plan for when to take profits is a smart move. Most people continue with their investments in the hope that:
a) they will go higher, or
b) they will return to their peak value.
Three-Point Plan for Trading MemeCoins
Sarah Jane Kenny, Algorand ambassador and founder of Offchain Ireland, is another investor who is very clear about what she is doing and says that her portfolio has grown in a bear market as a result of trading Memecoin. He has traded in companies such as DOGE, PEPE, SFM and COOP.
“Everything has its pros and cons, which I’m excited to be involved in. Many memecoins start off as mere speculation in the beginning, then they can either grow to pump and dump or they can start to build utility and a strong community around it – these (the latter) are the type that I choose
His three-point plan for making money when trading MemeCoins is, specifically, research, patience, and efficiency.
Kenny uses the example of COOP where he researched the genesis of the token, the team, the community and what progress is being made. After selecting a promising token, she considers the most efficient way to trade it, what fees might be involved, the speed of transactions, and the different prices across the different DEXs and CEXs.
She then advocates watching the market for a while and learning patterns, to see when support is found and when “selling” begins.
“Buy low, sell high – it’s easy on paper but takes a lot of time to get right, so practice and keep notes, as markets can be volatile. Remember to take profits and only invest what you can afford to lose. “You don’t have to sell everything at once: dollar-cost average in and out to achieve maximum effectiveness with each trade,” says Kenny.
She believes that the best memecoins are those that have a strong community, are building utility and have some sort of meaning, even if it is a joke. That’s why she sees potential in COOP.
For starters, it’s an Algorand ecosystem coin based on a series of hilarious fictional videos by Cooper Daniels after discovering an influencer took a trip to Bitcoin Beach. Airdropped to the community, and with Daniels holding zero tokens, it spawned a wealth of COOP-related content and games, becoming Algorand’s fourth largest token.
“For trashers, you need to pay attention to red flags, such as the majority of the token being held by the creator, if the team is not bothered, there is no progress being made with the token or the community. Oh, and make sure the community isn’t just bots.”
being quick is like being right
Harry Horsfall, CEO of Flight3, is bullish about Memecoins. When asked why smart people buy Memecoin, he explained that being quick is for winners. A successful Web3 entrepreneur whose business was recently taken over by Steven Bartlett Dragon’s Den fame, he likes dabbling because of excitement and because he feels he has his finger on the pulse and is ahead of the retail speculators.
“I think the PEPE coin is fantastic. It is clearly written on the website that it has no utility and has no roadmap. It’s just network effects,” he says.
Horsfall sees people having fun with MemCoin, but notes that there are some serious marketers pulling the levers in the background.
“We are investing in ideas – and yes, 99% of them are not going to work, but the 1% always are. If you look at Dogecoin, most people bought at 0.000…” Here, Horsfall loses count of how many zeros, but suffice it to say that if Dogecoin ever goes to a dollar there will be some very happy people.
“It’s a bit like winning the lottery. We are all on tour, working all day, but maybe tomorrow we will win.
read this also
features
Why Are Crypto Fans Obsessed With Micronations And Seasteading?
features
Whole numbers pave the way to bitcoin adoption
nfts are actually memes too
Neil Bodle, full-time Dezen and founder of BodleNFT, took a break from his day job to explore dollar-cost averaging on Bitcoin and Cardano, but unfortunately, his entry coincided with a bear market. But as the market bottomed out, NFTs caught his attention.
“I’ve always been fascinated by digital collectibles and pop culture. For example, I’ve been watching Dogecoin since its inception, but in general, for Memecoin to work, they need a certain momentum and encouragement from a community.
Bodle had known about the Pepe the Frog meme for a long time, and judging by the conversation on Twitter, he argued long ago that a memecoin based on crypto’s most popular meme could quickly become popular.
“A meme like PEPE is faster to share than text or words,” he says, adding it to the philosophy.
“The psychology of all Memecoins is extremely simple. People want only two things in life – bread and circus. Memecoins fills those needs, providing plenty of entertainment and dough. generally speaking. It simply becomes a question of balance because, in this world, no one can All Wealth And all the fun,
Bodle says that sophisticated traders can use the entertainment aspect to make serious money.
“I am not ashamed to say that I am a person who enjoys memes, but my stance on MemeCoin reflects his own philosophy: I take them as a hoax as they are perceived. Crypto snobs think memecoins undermine and undermine the reputation of crypto as a whole, but I would say that if the industry can be undermined by a bunch of memes, it probably has much bigger problems to worry about,” Verzun says. Are.
subscribe
The most fascinating reading in blockchain. Delivery is done once a week.
