Doge. Pepe. AI altcoin. Occasionally, meme coins explode in the stratosphere, but we all wonder how the hell it all happens. To find out the truth, we spoke to executives at cryptocurrency exchange BTSE. CEO Henry Liu and COO Jeff May share candid views on the hype and hope behind the fear and greed that drives markets, including cryptocurrencies, commodities and traditional fiat currencies Thank you. TLDR – Henry and Jeff Believe “Retailization” Is Inevitable for the Crypto Industry, Shares Insights from BTSE’s Recent FUD and His FOMO report.
Interview with BTSE CEO Henry Liu and BTSE COO Jeff Mei
Q: First of all, you often say that ‘retailization’ will take hold. What does that mean? Could you take a closer look?
Henry:
of course. We have always said that the introduction of cryptocurrencies in retail and the wider Web3 world was inevitable. “Retailization” is the idea that everyday retail use of cryptocurrencies is increasing and Web3 is becoming more mainstream. The industry has run into some pretty big pitfalls along the way, and while we don’t need to name names here, we haven’t yet seen its ultimate destination change at all. Perhaps it’s just a timeline until we actually see cryptocurrencies seamlessly integrated into everyday life around the world.
Jeff:
right. During this crypto winter, skeptics became louder and, despite taking up a large share of the headlines, their negative voices were completely blinded by FOMO rallies such as PEPE and AI altcoins. we have seen This kind of FUD and FOMO will always exist. The Crypto Cycle – Fear, uncertainty, and doubt often drive the decline, followed by the fear of missing out, driving the rise. At TradFi, we call this the Fear and Greed Index. However, overall adoption is on the rise. And these meme coin rallies always come back to remind us all that there is still plenty of room to rise. we, report I recently studied these FUD and FOMO dynamics and dived into the psychology of it all.
Q: You might cite the hype around PEPE as an example. How did this token suddenly get so much attention?
Henry:
The money poured into PEPE’s gatherings is heavily rooted in retail trade. And much of it is fueled by online sentiment and community. Pepe itself is a cartoon frog that has been a very popular internet meme for many years. In different regions it has taken on different meanings along the way. This project basically connects to an existing fandom and provides a fun and almost no-brainer way to interact with the wider fan community.
Jeff:
Yes, I should emphasize that the PEPE project website states that it has “no formal team or roadmap”, was launched “for people” and is “for entertainment purposes only”. Of course, this is to cover their backs, but it is also a fairly accurate representation of the situation. This whole hype can be seen as a cultural and economic movement born out of a unique combination of digital age technology, social media and a collective desire to democratize finance. It’s really charming.
Henry:
Regardless of what TradFi experts say, our claim that retail adoption of cryptocurrencies is inevitable is correct and this proves our point. PEPE’s popularity shows that retail is here to stay, but it’s full of unpredictability. And indeed, the fact that PEPE is listed on major centralized exchanges is a major contributor to the price increase of the PEPE coin as it provides retail investors with access to the coin. We have also listed it on exchanges as a kind of ‘power to the people’ movement.We serve both institutional and individual investors Access the coins you want to trade using our pro-grade trading tools.
Q: What is your overall opinion about memecoins? Aren’t these harmful to the perception of the Web3 industry?
Henry:
It should be made clear that memecoins are a highly speculative and volatile kind of crypto token. Lacking practical uses compared to more established tokens like ETH (Ethereum) and SOL (Solana), the token is designed to operate a broader ecosystem. BTC, on the other hand, is primarily seen as a store of value or form of payment, has a fairly long track record, and its network is fully decentralized, which may not be the case for the Memecoin project.
Jeff:
I would also like to add that speculation has always been human nature and actually making money is a great motivation to keep the world running. So speculation per se is not a moral issue, you just need to have the right mindset when dealing with this kind of token. With Dogecoin’s peak market capitalization at over $80 billion, he is more valuable than many existing traditional companies and has considerable economic power. But it doesn’t depend on any underlying value, as opposed to Apple’s stock being valuable because it sells products that people use all day, every day.
Henry:
Therefore, it should be remembered that this inherent volatility of Memecoin can lead investors to lose a significant portion of their investment. Nonetheless, it is possible that these tokens will be integrated into the DeFi ecosystem. Some memecoins have already started this transition. For example, Shiba Inu (SHIB), another dog-themed meme coin, has launched her own decentralized exchange, her ShibaSwap, to offer holders even more utility and value.
Q: Do you think this meme coin trend will continue?
Henry:
Hard to say. The meme coin exploded into mainstream consciousness for the first time during his 2021 “Wall Street Bets” movement, a Reddit-powered community movement. So, in terms of modern financial market history, we’re early on in this trend. But like any other fad in the fast-paced world of cryptocurrency, the future of memecoins is uncertain.
Jeff:
I think they have the potential to continue to grow in popularity and influence. So far, memecoins seem to be an important part of the cryptocurrency industry. However, fads come and go and everything speeds up in the digital age, so let’s see. At least for now it will be interesting.
Q: Do you have any advice for people considering investing in memecoins?
Henry:
Please be careful. Recognize the risks of “pump and dump” schemes. There, memecoin prices are artificially inflated, often by coordinating groups or influential individuals (whales), and only sold off when prices rise. This leads to a sharp drop in value, leading to significant losses for those who bought during the high price.
Jeff:
Emotional regulation is very important for success in cryptocurrency trading. Understand the psychological effects of FUD and FOMO and try not to base your decisions on them.There are technologies such as algorithmic trading systems and robo-advisors It can help avoid impulsive behavior caused by FUD and FOMO. Again, point out FUD and FOMO. report Went out recently – recommended reading.
Henry:
that’s right. We outline some important trade practices to adopt. Always remember that you trade at your own risk. Take a long-term view. Make a well-researched trading plan. Consider risk management techniques and set realistic goals. And one of the bigger ones is learning how to tell the difference between factual information and social media hype. Remember, if you’re not a pro, don’t put in more effort than you can afford to lose. However, in the case of meme coins, even experts can be caught off guard.
Disclaimer: BTSE is an investor in CryptoSlate.
