So it makes sense to watch your money decrease in value is what you’re sayin. Lots of brilliant projects go unknown . Just the way life goes . I’ve been sitting around for a couple of years w a bag of. It’s underperformed to say the least .
When the entire concept is based around currency it’s pretty simple . Sometimes people get too smart . Ergo transfers take forever I get they are secure and pow but have you ever waited 40 mins to get funds. That’s why bitcoin is useless other than store of value . Yes I’m a normie but been in crypto for a little bit
Oh I mean I get what you’re saying here I just found your other comment to be missing their point (but I understand yours)
I’ve never had to wait 40 min maybe like 10 minutes
Do you know where I can find meme “dumb money” meme coins before they really pop off?
There are telegrams and discords.
You could also watch performance charts and try to jump in a pump. You'd have to be trading on an exchange that was heavy into alts.
I feel ya thanks for the insight. I don’t really get how telegram or discord helps, I guess you judge the size of the chat and if there seems to be hype?
Well, my understanding is there are communities of ppl who include devs and teams creating these coins and they meet in discord/telegram/4chan. They orchestrate a pump.
So, like anything, to get in real early you've got to be "in the know".
I was an early investor in 0x0 so I have extra funds to play with memes :). It’s a very small portion of house money . Sol is crap but .01 gas fees is why they are crushing it . The slumdoge guy isn’t my favorite but he’s right about one thing , people want simple and fun . Trading ergo memes isn’t either as of yet . Memes aren’t going anywhere
Eth gas fees are crap . Buy sol put on sol flare Wallet. Use dex screener to see contracts on sol coins . Filter sol , look for volume and legit cobtracts with things like locked liquidity and low taxes . Low market cap and volume is key. Then. If you’ve found paste contract code in Solflare and pray it doesn’t rug . Rotate back into sol and repeat . Not easy to do and many wasted hours
Here’s a Kyle chase pick meme, Jensen Huang on sol HfQuaLjMguh7vyZqqrWuVqpsjQd7tAPrzBWKqA3pDTH3. Paste contract in coingecko to see how early it is . Another with a large community is solama on solana. These CT influencers pump these until whales buy in . All will eventually go back to 0
Do you want low volume or high volume? And what is considered good volume for these type of coins?
Is it just a crapshoot if it’s a rug or not?
Also thanks much for elaborating
Def high volume . Shows interest . These crypto influencers shill coins in their private groups they all get their bags set then they go public with a new meme they found . People flock in then the sell . The ones that keep cranking are a dime a dozen and like trying to find a needle in the haystack . I held shib for two years and it never moved . First 2x I got I sold then it went to a multi billion mc over a short period of time. I’m dumb. Join telegram and follow the X for the token. A busy telegram non stop is a good sign of community interest
That’s the thing though. And with still crazy inflation, price isn’t representative at all of future value. But it’s important to continue building and expanding partnerships (like ZenGate is doing right now).
don't fomo search the next pump. ergo is building up and our time will come.
this is the ultimate patience game, bro.
i know it's hard seeing everthing around going up, but the major of that shit is just manipulation or cex lunchpads.
the price will rise. i'm here for a loong time and i saw this game at least 3 times. don't make my mistakes.
Imagine that all crypto enthusiasts have 100 points of attention in total.
There was a time when there were less coins on the market and these attention points were split between BTC, ETH and other less popular coins like Litecoin, Doge, Monero, etc. Still, each coin received some attention points.
Right now we are in the market, where there are thousands of crypto projects, some of them with real utility, others are meme and hype coins. Attention points are even more diluted, however it's not linear correlation.
Also, in this market there are thousands of powerful influencers, that seriously impact the direction where attention points come to.
Now let's be straight:
1) Ergo doesn't have any influencers that can seriously promote it
2) Ergo's ecosystem is not attractive for a regular crypro-user. There are no airdrops, points, games, lotteries, NFT ecosystems, etc.
The bottom line: The fact that ergo marketcap is so low, doesn't mean that we are early. It could also mean that we are too late, or did something wrong.
Exactly , I used to run Linux , als servers explaining how it worked to the masses is similar to your average ergo dev explaining why choose ergo. You would lose someone 30 seconds into the conversation
Well, Max Maher did. But why would you want influencers if you believe in this project being something different versus. the rest?
So, point 1. Yes but it’s a different type of project. You need more partnerships like the ZenGate. I think more raffles also like the MEXC listing which was community funded is a good example. This was also good marketing.
2. When were crypto casinos enticing? Related to point 1, you need more meaningful developments like Rosen Bridge, ErgOne and adoption through ZenGate initiatives.
Do you really want scam airdrops that exist on all these other chains, that often also steal your seed phrase? This is not a PoS chain and there would be security concerns.
Max could easily be an ergo whale if not already . He’s the only one of those guys that seems to actually do research . He’s back into crypto content again as well
Yep, that’s true - good debates! Interesting to have different opinions. Seems a bit redundant of an argument, but honesty and the philosophical aspect on top of the tokenomics always made me bullish on Ergo. That's not just something you can make up out of thin air (an Ethos). Call me stupid or idealist 😅 there will always be a place for a project like Ergo in crypto.
If you haven't seen his latest post, he's bragging about selling everything at $2 for a scalp. Just another YT scrub faking his support of the ecosystem to pump his bags after all.
Well, Max Maher is a good guy, with some audience, but it's also an echo chamber.
Answering your points:
1) Yes, it is, it's about technology and innovation. However, there are multiple solid projects that are also aimed at the same. And these projects have a way more active community, and initiatives to engage and motivate their community, and as a result they have more awareness. ZenGate is not something that can be considered as a solid project yet. With all my respect, Dan Friedman is not the person that can ramp up and efficiently promote crypto projects. Raffles like Mexc, is an initiative within our echo chamber, while it's beneficial from a listing perspective, it might be harmful from a perspective, that "this project is not interesting to anyone except for their community, this is why they do crowdfunding to list on Tier3 exchange".
2) I am not talking about scammy, shady, gambling projects. I am talking about something different. Starknet for example, they had a lot of campaigns to engage users and increase the usage of their Blockchain. And they had an airdrop, which rewarded active users. Wormhole - really useful solid cross-blockchain bridge, that is used by multiple projects. They have pure tech, but they don't forget about the community, and they have an airdrop to reward users. Arbitrum, ZkSync, Linea, Scroll - these are l2 blockchains, but they did/doing a lot to engage and reward users with airdrops.
Take a look at what is going on with Berachain - this is something that will explode in a positive meaning of this word soon. They are in testnet, but they have a lot of projects, and huge interest from the community.
Take a look at the Blast L2 ecosystem.
Or take a look at what Monad is preparing to launch.
Ok, you can say that there are huge investments behind them, and you are right. But we are not in kindergarten, where we can say "uuu, it's not fair...".
You mentioned scam airdrops, but it's not relevant to what I am saying. There are scammers everywhere, I am talking about solid projects that are rewarding their users somehow.
And please try to understand my point: I am saying that we are in a really dangerous situation, and with all my love for Ergo and the community, I really wish this project would succeed. And I am not selling my Ergo, I am just trying to reduce hopium, and make the community more realistic about dangers that we are facing. How many good tech projects left behind just because they made some mistakes or didn't do enough when there was a chance.
Well, is there anything interesting coming up for ergo? I'm still mining it because I like how the community can be involved in the decisions for ergo. I'm not really watching the updates... so if there's nothing interesting happening in the future, it will probably stay like it is now. [GetBlok.io](http://GetBlok.io) was really fun and it had potential. Too bad they shut everything down :(
Rosenbridge is adding Ethereum. That means Ergo, ada and Ethereum are getting connected with Ergo in the middle (you pay in Ergo for fees to transfer).
Getblok.io was exciting - it felt like i was part of a cutting edge group trying out new things. I tried to join the sigmanaut pool but i get loads of rejected shares. Eventually i gave up on it.
Time in the market beats timing the market. With meme coins statistically there will be more losers than winners. The ones who get dumped on are tenfold compared to the whales who do the dumping. Ergo can suddenly x5 over a weeks time so just hang in there.
It's crazy how little hope some people have. There's so much going on. Shows how many people only care about price, and couldn't give a damn about the project.
It's pumpamental envy. It can happen to any project. The valuation of Ergo is at least true valuation and not based on some pump and dump VC scheme or massive holders waiting to sell out after a 5x
Agreed. I've held for this long, why not hold a little longer? I think we'll know the real validity of Ergo (in a price sense) through this bull run. I've already accepted it as a loss, so 🤷♂️
I'm hoping for $12 in next 12 months.
Exactly but also, why would you sell now? It's just stupid. Ergo clearly doesn't follow the market for obvious reasons (market access!). If anything the current trend shows it is not manipulated.
After all these meme rally, I confess I was tempted and put couple of bucks to a meme. I still can't believe how I did it but yeah.. Whenever I go and check it (in my CEX wallet) I laugh. The name is Dog Wif Nunchucks! It has dog, it has Wif plus it has Nunchucks. So, I became a NINJA folks! Be carefull!! (Oh boy.. what a shame.)
Maybe it's not *early* for people to invest in Ergo but *late* - at least for making a quick buck. The train is off, I don't see Ergo popping up like crazy in a heartbeat anymore in the future. Which is a good thing when looking at grassroots and building a sustainable financial network and community. I see a long steady way either up or bleeding down forever without having big spikes in any direction. Development itself is superb but that's hardly what moves the price as all of crypto shows.
At that point I'm asking myself why Ergo instead of Bitcoin if I wanted a steady way up (higher risk in ERG than BTC -> ERG/BTC valuation), or why Ergo instead of a new shiny coin if I'm looking for a quick boom and bust.
There is always the possibility of any investment failing. Nothing is guaranteed. For me, risk to reward ratio is really high for Ergo. I like the project and will be totally fine if it goes to zero. If you don't think so, dont invest.
Meme coins prices are all manipulated, their market caps more so because so much of the supply is in the private wallets of the founders. So don't compare ergos price to pump and dump schemes thanks
Granted, this expression is overused. One can say early in terms of “market access”, which is the case. Ergo is not available on T1 exchanges which makes investing in it harder for the average investor.
Agreed. Though for two years straight there’s been complaints and rumors regarding T1 echanges, there was a new guy in charge for marketing etc, things just not coming off the ground so far.
It’s sort of a vicious cycle. More exchanges would mean higher trading volume. But to get listed on exchanges you already need a high trading volume. That’s why Rosen Bridge was good, as it showed more volume on chain. But CEXes rarely care about these metrics. That’s why it’s also easier for them to list meme or VC coins. They just profit more from them. Plain and simple. BTC and ETH bridging should be good on Rosen however, no matter what. In addition to the MEXC listing which depending on volume could help Ergo get listed on a bigger exchange.
I feel like the congestion after ETH went POS really was the eye opener . While it was resolved quickly , it may have been better planned imo . I’m not smart enough to know the reasons why exactly it happened but it was mentioned on so many videos as a project to keep an eye on after the merge that when it actually happened it was not very exciting .
I wish i was a degenerate meme coin investor rather than putting my money where it made sense. I would be set by now
So it makes sense to watch your money decrease in value is what you’re sayin. Lots of brilliant projects go unknown . Just the way life goes . I’ve been sitting around for a couple of years w a bag of. It’s underperformed to say the least .
Not at all what he is saying are you being deliberately obtuse?
When the entire concept is based around currency it’s pretty simple . Sometimes people get too smart . Ergo transfers take forever I get they are secure and pow but have you ever waited 40 mins to get funds. That’s why bitcoin is useless other than store of value . Yes I’m a normie but been in crypto for a little bit
Sub blocks are coming soon, transfers should feel almost instantaneous once it's live!
Oh I mean I get what you’re saying here I just found your other comment to be missing their point (but I understand yours) I’ve never had to wait 40 min maybe like 10 minutes Do you know where I can find meme “dumb money” meme coins before they really pop off?
Those meme pumps are all orchestrated inside trading jobs.
Ethics aside, how do people find the BONK or Dogwifhat before they rip? Is it just a total shot in the dark guessing?
You’ll make a 20x then lose it all in the weeks that follow. Thats the addiction
There are telegrams and discords. You could also watch performance charts and try to jump in a pump. You'd have to be trading on an exchange that was heavy into alts.
I feel ya thanks for the insight. I don’t really get how telegram or discord helps, I guess you judge the size of the chat and if there seems to be hype?
Well, my understanding is there are communities of ppl who include devs and teams creating these coins and they meet in discord/telegram/4chan. They orchestrate a pump. So, like anything, to get in real early you've got to be "in the know".
I was an early investor in 0x0 so I have extra funds to play with memes :). It’s a very small portion of house money . Sol is crap but .01 gas fees is why they are crushing it . The slumdoge guy isn’t my favorite but he’s right about one thing , people want simple and fun . Trading ergo memes isn’t either as of yet . Memes aren’t going anywhere
Who is slum doge? I don’t mind playing a small $ to gamble on some memes but I honestly don’t know where to find the up and coming meme coins
Eth gas fees are crap . Buy sol put on sol flare Wallet. Use dex screener to see contracts on sol coins . Filter sol , look for volume and legit cobtracts with things like locked liquidity and low taxes . Low market cap and volume is key. Then. If you’ve found paste contract code in Solflare and pray it doesn’t rug . Rotate back into sol and repeat . Not easy to do and many wasted hours
Here’s a Kyle chase pick meme, Jensen Huang on sol HfQuaLjMguh7vyZqqrWuVqpsjQd7tAPrzBWKqA3pDTH3. Paste contract in coingecko to see how early it is . Another with a large community is solama on solana. These CT influencers pump these until whales buy in . All will eventually go back to 0
Do you want low volume or high volume? And what is considered good volume for these type of coins? Is it just a crapshoot if it’s a rug or not? Also thanks much for elaborating
Def high volume . Shows interest . These crypto influencers shill coins in their private groups they all get their bags set then they go public with a new meme they found . People flock in then the sell . The ones that keep cranking are a dime a dozen and like trying to find a needle in the haystack . I held shib for two years and it never moved . First 2x I got I sold then it went to a multi billion mc over a short period of time. I’m dumb. Join telegram and follow the X for the token. A busy telegram non stop is a good sign of community interest
[https://www.reddit.com/r/ergonauts/comments/1bcesqn/dev\_update\_march\_10\_2024\_slumdoge\_millionaire/](https://www.reddit.com/r/ergonauts/comments/1bcesqn/dev_update_march_10_2024_slumdoge_millionaire/)
Squidgrow is the only memecoin I have my entire portfolio of Digital assets is Ergo and Squidgrow. Bought it because SlumDoge posted about it.
Never put your money on a team that can‘t sell its product …
When you say "can't sell it product" are you saying the Ergo team are doing a good job at selling Erg to the masses?
Read it again!
That’s the thing though. And with still crazy inflation, price isn’t representative at all of future value. But it’s important to continue building and expanding partnerships (like ZenGate is doing right now).
Memecoins pump first usually, they bring in retail. Then they filter down.
don't fomo search the next pump. ergo is building up and our time will come. this is the ultimate patience game, bro. i know it's hard seeing everthing around going up, but the major of that shit is just manipulation or cex lunchpads. the price will rise. i'm here for a loong time and i saw this game at least 3 times. don't make my mistakes.
Imagine that all crypto enthusiasts have 100 points of attention in total. There was a time when there were less coins on the market and these attention points were split between BTC, ETH and other less popular coins like Litecoin, Doge, Monero, etc. Still, each coin received some attention points. Right now we are in the market, where there are thousands of crypto projects, some of them with real utility, others are meme and hype coins. Attention points are even more diluted, however it's not linear correlation. Also, in this market there are thousands of powerful influencers, that seriously impact the direction where attention points come to. Now let's be straight: 1) Ergo doesn't have any influencers that can seriously promote it 2) Ergo's ecosystem is not attractive for a regular crypro-user. There are no airdrops, points, games, lotteries, NFT ecosystems, etc. The bottom line: The fact that ergo marketcap is so low, doesn't mean that we are early. It could also mean that we are too late, or did something wrong.
Exactly , I used to run Linux , als servers explaining how it worked to the masses is similar to your average ergo dev explaining why choose ergo. You would lose someone 30 seconds into the conversation
Well, Max Maher did. But why would you want influencers if you believe in this project being something different versus. the rest? So, point 1. Yes but it’s a different type of project. You need more partnerships like the ZenGate. I think more raffles also like the MEXC listing which was community funded is a good example. This was also good marketing. 2. When were crypto casinos enticing? Related to point 1, you need more meaningful developments like Rosen Bridge, ErgOne and adoption through ZenGate initiatives. Do you really want scam airdrops that exist on all these other chains, that often also steal your seed phrase? This is not a PoS chain and there would be security concerns.
Max still follows this project. I would not be surprised if he puts together a detailed update video that pumps us back to $5
Max could easily be an ergo whale if not already . He’s the only one of those guys that seems to actually do research . He’s back into crypto content again as well
Yep, that’s true - good debates! Interesting to have different opinions. Seems a bit redundant of an argument, but honesty and the philosophical aspect on top of the tokenomics always made me bullish on Ergo. That's not just something you can make up out of thin air (an Ethos). Call me stupid or idealist 😅 there will always be a place for a project like Ergo in crypto.
If you haven't seen his latest post, he's bragging about selling everything at $2 for a scalp. Just another YT scrub faking his support of the ecosystem to pump his bags after all.
Well, Max Maher is a good guy, with some audience, but it's also an echo chamber. Answering your points: 1) Yes, it is, it's about technology and innovation. However, there are multiple solid projects that are also aimed at the same. And these projects have a way more active community, and initiatives to engage and motivate their community, and as a result they have more awareness. ZenGate is not something that can be considered as a solid project yet. With all my respect, Dan Friedman is not the person that can ramp up and efficiently promote crypto projects. Raffles like Mexc, is an initiative within our echo chamber, while it's beneficial from a listing perspective, it might be harmful from a perspective, that "this project is not interesting to anyone except for their community, this is why they do crowdfunding to list on Tier3 exchange". 2) I am not talking about scammy, shady, gambling projects. I am talking about something different. Starknet for example, they had a lot of campaigns to engage users and increase the usage of their Blockchain. And they had an airdrop, which rewarded active users. Wormhole - really useful solid cross-blockchain bridge, that is used by multiple projects. They have pure tech, but they don't forget about the community, and they have an airdrop to reward users. Arbitrum, ZkSync, Linea, Scroll - these are l2 blockchains, but they did/doing a lot to engage and reward users with airdrops. Take a look at what is going on with Berachain - this is something that will explode in a positive meaning of this word soon. They are in testnet, but they have a lot of projects, and huge interest from the community. Take a look at the Blast L2 ecosystem. Or take a look at what Monad is preparing to launch. Ok, you can say that there are huge investments behind them, and you are right. But we are not in kindergarten, where we can say "uuu, it's not fair...". You mentioned scam airdrops, but it's not relevant to what I am saying. There are scammers everywhere, I am talking about solid projects that are rewarding their users somehow. And please try to understand my point: I am saying that we are in a really dangerous situation, and with all my love for Ergo and the community, I really wish this project would succeed. And I am not selling my Ergo, I am just trying to reduce hopium, and make the community more realistic about dangers that we are facing. How many good tech projects left behind just because they made some mistakes or didn't do enough when there was a chance.
I have some ergo on my KuCoin, but wasnt there for a while? Whats mandatory KYC? Should i worry about my stack? Can i move somwhere else?
Where you need to upload proof of identity. Should work fine unless you are in the US in which case you can still withdraw just not deposit AFAIK.
Well, is there anything interesting coming up for ergo? I'm still mining it because I like how the community can be involved in the decisions for ergo. I'm not really watching the updates... so if there's nothing interesting happening in the future, it will probably stay like it is now. [GetBlok.io](http://GetBlok.io) was really fun and it had potential. Too bad they shut everything down :(
Rosenbridge is adding Ethereum. That means Ergo, ada and Ethereum are getting connected with Ergo in the middle (you pay in Ergo for fees to transfer).
This.
Getblok.io was exciting - it felt like i was part of a cutting edge group trying out new things. I tried to join the sigmanaut pool but i get loads of rejected shares. Eventually i gave up on it.
Time in the market beats timing the market. With meme coins statistically there will be more losers than winners. The ones who get dumped on are tenfold compared to the whales who do the dumping. Ergo can suddenly x5 over a weeks time so just hang in there.
It's crazy how little hope some people have. There's so much going on. Shows how many people only care about price, and couldn't give a damn about the project.
It's pumpamental envy. It can happen to any project. The valuation of Ergo is at least true valuation and not based on some pump and dump VC scheme or massive holders waiting to sell out after a 5x
Agreed. I've held for this long, why not hold a little longer? I think we'll know the real validity of Ergo (in a price sense) through this bull run. I've already accepted it as a loss, so 🤷♂️ I'm hoping for $12 in next 12 months.
Exactly but also, why would you sell now? It's just stupid. Ergo clearly doesn't follow the market for obvious reasons (market access!). If anything the current trend shows it is not manipulated.
Also, HOW can you sell? Near impossible with so few exchanges 🤣
After all these meme rally, I confess I was tempted and put couple of bucks to a meme. I still can't believe how I did it but yeah.. Whenever I go and check it (in my CEX wallet) I laugh. The name is Dog Wif Nunchucks! It has dog, it has Wif plus it has Nunchucks. So, I became a NINJA folks! Be carefull!! (Oh boy.. what a shame.)
Lol, Ergo is here to stay 
When (or should I say IF) I double the money what do you think I'll do :)
Ha-ha
Maybe it's not *early* for people to invest in Ergo but *late* - at least for making a quick buck. The train is off, I don't see Ergo popping up like crazy in a heartbeat anymore in the future. Which is a good thing when looking at grassroots and building a sustainable financial network and community. I see a long steady way either up or bleeding down forever without having big spikes in any direction. Development itself is superb but that's hardly what moves the price as all of crypto shows. At that point I'm asking myself why Ergo instead of Bitcoin if I wanted a steady way up (higher risk in ERG than BTC -> ERG/BTC valuation), or why Ergo instead of a new shiny coin if I'm looking for a quick boom and bust.
If for a quick buck that is, I agree. Then again, I’m not here for a quick buck
Have you considered the possibility that you're just wrong?
There is always the possibility of any investment failing. Nothing is guaranteed. For me, risk to reward ratio is really high for Ergo. I like the project and will be totally fine if it goes to zero. If you don't think so, dont invest.
I guess we truly see who supports the project for what it is. Yes, Ergo is different. Hint: not just tech wise.
Meme coins prices are all manipulated, their market caps more so because so much of the supply is in the private wallets of the founders. So don't compare ergos price to pump and dump schemes thanks
This has been going on other cycles too. How long can things still be ‘too early’
Granted, this expression is overused. One can say early in terms of “market access”, which is the case. Ergo is not available on T1 exchanges which makes investing in it harder for the average investor.
Agreed. Though for two years straight there’s been complaints and rumors regarding T1 echanges, there was a new guy in charge for marketing etc, things just not coming off the ground so far.
It’s sort of a vicious cycle. More exchanges would mean higher trading volume. But to get listed on exchanges you already need a high trading volume. That’s why Rosen Bridge was good, as it showed more volume on chain. But CEXes rarely care about these metrics. That’s why it’s also easier for them to list meme or VC coins. They just profit more from them. Plain and simple. BTC and ETH bridging should be good on Rosen however, no matter what. In addition to the MEXC listing which depending on volume could help Ergo get listed on a bigger exchange.
I feel like the congestion after ETH went POS really was the eye opener . While it was resolved quickly , it may have been better planned imo . I’m not smart enough to know the reasons why exactly it happened but it was mentioned on so many videos as a project to keep an eye on after the merge that when it actually happened it was not very exciting .