
CrediBULL Crypto|Jan 26, 2025 22:41
"Shilling CRV and HBAR in 2024 is imo way more irresponsible than shilling cats and dogs, wif or wifout hats".
This era will be remembered in history as the 2nd, "modern" tulip mania.
When a massive portion of participants in the crypto space began to actually believe that talking about memecoins- assets that are built on nothing but hype and attention- was somehow more "responsible" than talking about genuine crypto projects that have utility, turn a profit, and are used daily for a particular use case to solve a particular problem.
Since I was called "irresponsible" for talking about CRV/HBAR instead of WIF, WIF is down 80% against HBAR and 70% against CRV.
And to be clear, I don't have anything against memes. I don't think I've ever called people that primarily talk about memes "irresponsible"- I am able to understand that they simply have a different perspective/focus and that's totally fine.
What you need to understand though is that "investing" in memes that have no fundamental purpose/utility is a literal gamble. Let's not sugarcoat it- it is what it is. And I dont think there is anything wrong with "gambling" on a meme if you are an adult and it's legal to do (which it is).
This space right now is relatively young, and speculation rules the day- there is lots of money to be made (and lost) on both memes and other tokens with "utility". You can choose your own approach/path in this space. However, when people start saying that this "gambling" on memecoins is more "responsible" then investing in an actual product with a legitimate use-case, you should probably start keeping an eye out for a potential exit.
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