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[AudraMiller]

There's a lot of people that think that cryptocurrency is a massive Ponzi scheme and as a result there is no monetary value when it comes to investing in cryptocurrency. Personally I have found that would a regulated supply it is not a Ponzi scheme and this is especially true when it comes to bitcoin and other cryptocurrencies of that nature that have a limited supply. However when it comes to a memecoin such as dogecoin there is an unlimited supply that is available and as a result many people are starting to question whether or not these type of cryptocurrency coins are actually Ponzi schemes because they are based on obtaining money from future investors In order to pay off the previous investors and give them Returns. What do you think about this?

 

[microunit]

Well alot of people have been creating more memecoins and shtcoins and trying to promote it to social media by taking advantage of the popularity of dogecoin as a memecoin, sure some people bought it but ultimately majority of the coins they make don't have much use case and after the hype the person who made the coin just sells the other supplies to get profit then probably create another coin, kindof like another ponzi scheme

 

[AudraMiller]

Well alot of people have been creating more memecoins and shtcoins and trying to promote it to social media by taking advantage of the popularity of dogecoin as a memecoin, sure some people bought it but ultimately majority of the coins they make don't have much use case and after the hype the person who made the coin just sells the other supplies to get profit then probably create another coin, kindof like another ponzi scheme

That is very true and a lot of people are starting to create their own cryptocurrency coin because of the fact that it is so easy to do so and therefore I think that a lot of attention is to be spent on trying to actually insured the cryptocurrency coins that are being created to actually have a future.

 

[AudraMiller]

Although cryptocurrency investment is such a legit investment, investors should be aware of the fraud and illegalities that is going on in the crypto space. Most of the meme coins we are holding in our portfolios might be dumped anytime and investors should be very careful about this.

There's a lot of fraud that happens when I come to the cryptocurrency community however I think that it is not a lot of fake websites because I think that Fiat currency actually has a lot more consequence than cryptocurrency. In fact I saw the article than actually stated that cryptocurrency is far more reliable than Fiat currency.

 

[Kingsleyy]

It is not a Ponzi scheme but it is some how risky if you're considering to invest in such for long-term purposes because it will eventually fade away with them since it doesn't have any value to add to the crypto space, a coin that can be able to withstand the length of time must have something to offer and that is the unique power which helps a particular coin to gains value after some few months, when choosing a cryptocurrency to invest and it is always a wise decision to go for coin with a good uses.

 

[Wisdom01]

the meme coin is actually not a ponzi scheme , the price is run by demand and supply , despite the unlimited supply ,the only demsrit is that most of these meme coin been created as of today like shiba Inu ,dogecoin and others ,they actually moves high and low , if investors doesn't invest properly they would make loss

 

[Wisdom01]

I don't know if we can consider meme coins as ponzi maybe if the dev are only looking at it as a way to make money and get money of the investors without doing anything and just abandoning the coin after taking profits. So for me not every meme coin is a ponzi but some can be categorised as one

its even the Investors that takes or makes it a ponzi scheme and not the developers , because they are the one that pump and dump the coin ,they have that idea on investing on these meme coin to make profit very faster ,and if it reaches a short time frame they would quickly withdraw their profit

 

[Niftyicon]

its even the Investors that takes or makes it a ponzi scheme and not the developers , because they are the one that pump and dump the coin ,they have that idea on investing on these meme coin to make profit very faster ,and if it reaches a short time frame they would quickly withdraw their profit

I have to agree with you and looking at this pump and dump' method applied to so many coins these days, there have been unfortunate projects rendered useless even though the developers had good intentions and prospects for the coin at creation.

 

[Balint098]

Not always, sometimes, even a good-looking and well thought project can turn scam if that is the original intention of the developer. Many people make meme coins just for joking around and for fun. They don't intend to make it big or successful or anything. It's just for fun, so don't expect much from meme coins.

 

[Wisdom01]

I have to agree with you and looking at this pump and dump' method applied to so many coins these days, there have been unfortunate projects rendered useless even though the developers had good intentions and prospects for the coin at creation.

the developers actually most times have good intentions from the beginning , but as time goes on when they see that it's not up to their expectations and the price is not moving in a good way , then they could increase the quantity of the coin in the market to make gains and weaken the coin price

 

[btaliat]

A thorough a analysis will show that it is truly a ponzi scheme. The coins will find different ways of attracting members by making sure that it is sold at lower price and as well skyrocket within a short of time only to go back to lowest value after gaining more investors.

 

[Wisdom01]

There was particularly a time when meme coin was actually trending then , like it was actually used by many , and the coins then usually boost to a very high range , then the problem is that after some time it would fall

 

[Niftyicon]

A thorough a analysis will show that it is truly a ponzi scheme. The coins will find different ways of attracting members by making sure that it is sold at lower price and as well skyrocket within a short of time only to go back to lowest value after gaining more investors.

This is still the investors' doing. They pump in funds just to increase value of such tokens and attract new investors and as soon they realize enough profits, they dump the bags on the late investors. The unfortunate part is that, most times those coins never recover and just fizzle out like that causing losses for those who came in late.

 

[Wisdom01]

There are some meme coins that are basically just a pump and dump cryptocurrency , anyone investing on any meme coin should always endeavor to make research , the early investors benefits more

 

[Wisdom01]

There are some meme coins that are basically just a pump and dump cryptocurrency , anyone investing on any meme coin should always endeavor to make research , the early investors benefits more

 

[btaliat]

There are some meme coins that are basically just a pump and dump cryptocurrency , anyone investing on any meme coin should always endeavor to make research , the early investors benefits more

I call those kinds of meme coins, Ponzi coins. This is because it only benefits thfewe sets of people; the developers, the whalers and the early investors. The more people join in buying the coin, the more they are trapped.

 

[Wisdom01]

I call those kinds of meme coins, Ponzi coins. This is because it only benefits thfewe sets of people; the developers, the whalers and the early investors. The more people join in buying the coin, the more they are trapped.

Exactly the late investors are the one trapped when the price have boosted fully ,then the price starts falling , anyone that invest again might not be able to actually gain any profit any longer

 

[Gamer01]

Most of them are actually ponzi because you do not ever know their team and also their past work they make great promises to the people and hardly fulfill them so that when you get involved it's hard to recover your money straight from them .

 

[Wisdom01]

Most of them are actually ponzi because you do not ever know their team and also their past work they make great promises to the people and hardly fulfill them so that when you get involved it's hard to recover your money straight from them .

Yeah that's true , majority of these ponzi scheme platform are really more interested in just fake promises , that's why I most times wonder how much more interest people place in them , because many ends up getting scammed

 

[Mayorla]

No, I don't think meme coins are Ponzi scheme. Though, meme coins are depicted with animated coins like Dogecoin etcetera.
They do not really have any use-case. There is probability of you earning a profit if it eventually rise. The risk involved in it is very high, and you can possibly lose all your investment if you don't understand how it works.