03 March 2022 • 8 min read
Over the past few decades memes have become a way of life. Beyond making people laugh, they’re now an important part of how we share information or opinions, with some even being used for publicity purposes.
Given the inherent volatility of cryptocurrencies, which can lead to premature aging (how many years of our lives have we lost due to the stress of market dips!), memes have offered a space for levity and letting off a bit of steam. Let’s take a look at some of the more humorous ones, from widely acknowledged in-jokes to the painfully relatable ups and downs that come with this sector. You don’t even have to be into digital currencies to find them funny!
Sit back, relax, and just take it all in…
It’s funny how Whitepapers always look good on, well, paper, promising the sun, the moon, and the stars. But new projects are risky and looks can be deceiving. Things can get very sketchy very quickly. Look out for those rug pulls!
Crypto enthusiasts border on reckless when it comes to buying their chosen asset. Food and basic needs? Eh, not so much.
It’s pretty rough dealing with the highs and lows of cryptocurrency. While this is a little extreme, it’s not far off the mark.
Sinking ship, anyone? Just be thankful that digital tokens aren’t ships. Otherwise, they might dip a bit too much and end up sinking to the bottom of the crypto ocean for good.
Every few months, a blockchain or three emerges as the next “Ethereum killer.” Only Ethereum is still king of the hill.
It’s great and all that you’re waiting to buy the dip, my friend, but you’ve been waiting an awfully long time. Hey, um, are you still with us?
Ethereum’s gas fees are shaping up to be something of a fuel crisis, especially with NFTs in the mix. It’s a good thing the new upgrades are on the way.
Everyone knows what it’s like to think they’ve bought the dip, only to watch it dip again a few days later. And again. And again…
Your mind can spin a dozen scenarios when transactions lag a little. Sure, you double-checked twice, but, with your luck, you probably missed a digit.
So I just invested in Bitcoin and I’m not a millionaire already. What’s up with that? All the crypto hype makes you think in 2 weeks you’ll be the richest kid on the block (it would be pretty neat if it worked like that).
Once you buy into cryptocurrencies, nothing will ever look the same again. Trust me.
If there’s one thing you can count on a trader to do, it’s talking about Bitcoin: dinner parties, football games, wherever, whenever. There’s just no escaping it.
While decentralization is a big part of cryptocurrencies, it might not work out too well for Karen. She can hit up Elon, though.
Anyone can tell you that Musk’s pull within the crypto space isn’t always so laughable. But when it is, it just is.
It isn’t always so funny when regulators turn up to stop Bitcoin trading. But 80% of the time it is and that’s good enough for most people.
Still on the subject of regulations, these guys will have you wondering if you’re in an alliance of some kind: “You take the risk, and we’ll help with the profit.”
Some people say that Doc Brown is the mastermind behind Bitcoin. Doesn’t it sound just a little fishy how Satoshi Nakamoto gave the world Bitcoin and then just disappeared?
Don’t feel too bad if this is you. No worries, just find the nearest trader and he won’t leave you alone until you understand all of it. In fact, just mention the word “Bitcoin” and leave everything else to him.
And for good reason (burn). While the Queen might not say it, the point is that haters gonna hate. Facts, man.
Telling people that you trade Bitcoin makes them think all kinds of things. The truth is, though, that it’s either really boring or absolutely nerve-racking.
Sometimes you need a simple mantra to stay focused on hodling. Hodl, hodl, hodl…although maybe you shouldn’t strain so much, bro. Don't worry, though, you’ll get through it eventually.
If you can’t help getting a little antsy while hodling, just head to a place where time moves a lot faster. It’ll go by in a flash.
Batman’s IQ is a jaw-dropping 192. If the caped crusader tells you to hodl, then you best believe he knows what he’s talking about.
This might feel counterintuitive if you’re used to doing things your own way, but hodling usually is the best way to go.
Hodling can seem a little scary, especially if you’re relatively new to crypto, but, as they say, it will get better. Just keep hodling on...
You knew right from the beginning that this would happen, didn’t you? Nicely played, my friend.
This is what happens when Nike’s iconic slogan steps into the crypto space. Three simple words, and yet so much wisdom: Just Hodl It.
Things can get a little tricky with your finances when you’re hodling. Are you rich? Are you broke? Who knows. Who cares. Just Hodl It.
Sometimes it’s a real battle not to sell after hodling for a while. You’ve come this far. Don’t give in to temptation.
Damn, my bad. Chances are anyone who has been in the crypto space a while has experienced this (not the best feeling).
In the crypto space, memes play a vital role not only in bringing the community together, but in pushing it forward as well. While this could be seen as a fairly common phenomenon across a range of sectors, the crypto scene obviously takes it one step further. After all, you’ve got to have a healthy sense of humor when dealing with dips, bubbles, tulips, and shitcoins. In fact, why not make a meme coin…
Meme tokens are virtual currencies that work like other cryptocurrencies. They are hosted on a blockchain network. They can be stored in a wallet and used to make purchases. However, what makes them unlike the others is the fact that meme tokens are based on popular memes and internet jokes.
The first meme token was Dogecoin back in 2013. Developers Jackson Palmer and Billy Markus launched Doge to make fun of the Bitcoin replicas (referred to as shitcoins) that swarmed the industry soon after Bitcoin was launched.
Intent on making their parody as ridiculous as possible, the co-founders designed the visuals for the token with inspiration from one of the most viral memes on the internet. It didn’t take very long for the token to become extremely popular, which in turn led to the rise of several other meme coins.
Despite having to rub shoulders with cryptocurrencies such as Bitcoin and Ethereum, among many others with real-world value and use cases, meme tokens have proven that they can hold their own. Dogecoin remains at the top with a total market cap exceeding 80 billion USD.
The major reason behind the popularity of some of these assets is that they are often backed by prominent figures in the crypto space. A good example of this is Elon Musk’s very vocal support of Dogecoin, which has repeatedly led to a price rally for the token.
Other significant factors include the cult-like communities that are often built around these sorts of tokens along with their inexpensive price and lighthearted nature (they’re not all serious like some cryptos—Bitcoin, we’re looking at you), all of which makes them a welcome change from regular crypto assets.
However, despite these fun components, meme coins tend to be incredibly volatile. While this feature can be leveraged for profits, it also makes meme coins rather risky to hodl. In addition, the tokens hold no real utility, raising the important question about their future in the crypto space.
Nevertheless, meme coins have pushed the crypto industry forward in a manner possibly unrivaled before the arrival of NFTs. While not exactly the best choice for long-term interaction with crypto markets, they open the door and can make stepping into the space seem like a fun, easy choice for beginners.
So the next time Bitcoin “dips” 85%, check out the latest memes.
Remember to breath and JUST HODL IT.