tldr; Billionaire Mark Cuban criticized meme coins like Dogecoin and Shiba Inu, calling them potential ‘rug pulls’ with no real-world utility. He likened meme trading to a game of ‘musical chairs’ and suggested it relies on the Greater Fool Theory, where investors profit by selling overvalued assets to others. Despite this, Cuban has supported Dogecoin, noting its community and fun aspect. Shiba Inu advocates argue it has utility through projects like Shibarium. Cuban’s comments mainly target smaller, less stable meme coins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DJCityQuamstyle on
I mean…..¯_(ツ)_/¯
ChemicalAnybody6229 on
Dogecoin is that shitcoin that has survived several crypto cycles and refuses to die. The guts of that shitcoin!!!
No-Introduction-6368 on
Dogecoin is a tipping coin. We haven’t really used it as one for awhile but with misinformation online I can see a tipping community to come out and use Doge for what it’s supposed to be.
kirtash93 on
He is right 99% of the times with that statement but leave our beautiful doge alone!
Mundane-Farm-4117 on
Shiba and doge aren’t going anywhere the less about other memecoins the better
middlemangv on
Woof woof
AutisticGayBear69 on
You could apply greater fool theory to the stock market, too. People are always buying high and selling low. It’s the volatility of crypto and its 24×7 market that amplifies such perceptions.
timbulance on
Mark Cuban lost approximately $870,000 in a crypto scam in September 2023 Got phished so everything crypto related is a scam now
SoupaSoka on
I mean, he’s not wrong.
New-Valuable5846 on
Elons rug pulled doge so ms y times you’d be stupid to still have money in it.
13 Comments
The dogs are mad at him
tldr; Billionaire Mark Cuban criticized meme coins like Dogecoin and Shiba Inu, calling them potential ‘rug pulls’ with no real-world utility. He likened meme trading to a game of ‘musical chairs’ and suggested it relies on the Greater Fool Theory, where investors profit by selling overvalued assets to others. Despite this, Cuban has supported Dogecoin, noting its community and fun aspect. Shiba Inu advocates argue it has utility through projects like Shibarium. Cuban’s comments mainly target smaller, less stable meme coins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I mean…..¯_(ツ)_/¯
Dogecoin is that shitcoin that has survived several crypto cycles and refuses to die. The guts of that shitcoin!!!
Dogecoin is a tipping coin. We haven’t really used it as one for awhile but with misinformation online I can see a tipping community to come out and use Doge for what it’s supposed to be.
He is right 99% of the times with that statement but leave our beautiful doge alone!
Shiba and doge aren’t going anywhere the less about other memecoins the better
Woof woof
You could apply greater fool theory to the stock market, too. People are always buying high and selling low. It’s the volatility of crypto and its 24×7 market that amplifies such perceptions.
Mark Cuban lost approximately $870,000 in a crypto scam in September 2023 Got phished so everything crypto related is a scam now
I mean, he’s not wrong.
Elons rug pulled doge so ms y times you’d be stupid to still have money in it.
He isn’t 100% wrong though