Wether you like it or not - I used to hate this fact -, Memecoins are the fastest and, ironically, the safest horse in the crypto race. I get why most people don't trust them and I also can see why most people won't even bother spending time to understand them. It makes sense - because as I said, I used to have the same mentality - but also, those who do not evolve and adapt, especially in a space that moves as fast as ours, will end up drawing the shortest crypto stick.
You say memecoins don't hold any value and you are right, there are no catalysts that will make price go 10x, there's no tech that you can cling on to when you hit that buy button, and there's definitely no logic to how memetic price action works. But what seems true can turn out false with a shift in perspective.
Context is everything.
To grasp the current context, we need to delve into the world of bubbles and manias. In bubble theory, the end of a bubble is the most absurd stage—where fundamentals are ignored, value is disregarded, and the sole focus is on making money. Look at tulip mania or the dotcom bubble. These bubbles began with real value and good intentions. But as they grew, the focus shifted to pure speculation. The term "value" was redefined. Suddenly, anything with a chance of going up was considered valuable.
In the final 10% of the dotcom bubble, worthless dotcoms skyrocketed. During tulip mania, rare tulips were traded for the price of houses. People weren’t stupid. They knew what they were buying. They just didn’t care because everyone was making money in the greater fool game. We are now at the pinnacle of the crypto mania—the final 10%. Over the past decade, we've seen Bitcoin's meteoric rise, the birth of Ethereum, the ICO craze, DeFi summer, and now, the crème de la crème of speculation: memecoins. Memecoins are the embodiment of the final stage of this broader crypto bubble. They are peak speculation, greed, and absurdity. Worthless coins designed to do one thing—go up and make money.
This is just the natural way to end the crypto run we’ve had for two decades. After this, a big crash will lead to a steady, value-based rise over the next few decades.
But until then, don’t fight it, brother. Just ape in. Understand that this stage of peak absurdity is normal and natural.
Copytrade your three dumbest friends. Get into the mind of the desperate degen gambler. Frontrun the lottery tickets. There is no escape from this system but memes.
If the attention is on making money and your goal is to make money, why question it? Why fight it? Why lie? We aren’t liars. Let’s just make some money. Okay? Can we do that? Can we just buy some funny memecoins and make some money?
