Cryptocurrency traders and enthusiasts are excellent in two things: building, strategy, and meme-ing. Perhaps you’ve heard of Dogecoin, Coinye West (abandoned), and Norris Coin (abandoned). These are meme-inspired altcoins.
In the crypto space, memes are a fun and popular way of expressing all possible ranges of emotions—from enthusiasm to frustration due to a drop in value—and somehow, spread information within the crypto community.
So, whenever your portfolio is down, your token’s value isn’t that attractive, you’re HODLing, or when the prices surge, the community has an overflowing collection of memes to cheer you up. Here are some of the best memes that prove crypto traders love to poke fun with crypto.
1. Hide the pain, brother.
This Hide the Pain Harold meme best illustrates what we feel deep down when family, colleagues, and friends congratulate us about a huge surge in Bitcoin price. Good to know that they’re following the news and they know you’re into cryptocurrency. The bad news is they aren’t aware which type of crypto you put your money into.
So as not to show your frustration, you conceal it behind a facial reaction like Harold’s here—suppressed dismay. What do you think about putting some of your eggs in Bitcoin to diversify your assets? But don’t worry, alt season will have its moment!
Maybe next time you can give your family and peers a quick lesson about the difference between Bitcoin (the original cryptocurrency) and altcoins (any new alternative currency like Ethereum, Ripple, and Bitcoin Cash).
2. When you buy a cryptocurrency, but you’re really after the technology (not really)
In the crypto space, this “Feels Guy with a mask” meme has never been more relatable when you shell out a lot of cash to put in what you think is a good token, only to get “rekt” for this regretful decision. Alternatively, it also applies when you finally decide to buy Bitcoin (good, but very expensive).
Unforeseen circumstances like this happen, even when you’re trading stocks or bonds. The difference with cryptocurrency is that the technology behind it is highly innovative and progressive. Since you live in the digital age, you believe that this is the next big thing, and in the future, you believe that it will gain mass adoption and feasibly replace fiat currency.
3. Be determined to HODL!
Don’t let an extreme case of FUD (Fear, Uncertainty, and Doubt) rule over your decisions. When your token’s value significantly falls, go back to the reasons that made you buy it. Getting into crypto is all about a leap of faith, and of course, market study and analysis. Nonetheless, you should know before jumping in the crypto industry that it is a high-risk, volatile market, which means cryptocurrency trading is not for the faint of heart.
When your token reaches low but based on previous price movements and market behavior, you feel it will get back up, then HODL (Hold on for Dear Life). This was true for Bitcoin, when its price dipped in mid-September 2017 after its value broke $5,000 in September 1, 2017 for the first time. By mid-December 2017, the price went up to $17,900. Now, if you sold immediately after the dip in September, you would have knocked yourself for it. HODLing can let you pocket (if the bull trend persists) long-term capital gains.
4. Get rich overnight
Crypto prices fluctuate without warning, and no matter how much increase your token gets, you can’t help but see it as a win. Like this meme, a 68¢ gain is still a profit. This is especially true if your token has been dipping hard for the past few days.
However, when your token’s price picks up its pace to hit a bull trend again, you basically use the same meme, albeit with higher gains. From ramen nights on slow and low days, you can hit the hotel buffet stands for significant gains. Even better, hold onto it for at least a year for a higher profit. Perhaps then you can recreate this meme in real life.
5. Price watch
This Vegeta meme is simple yet speaks volume. Like any typical crypto trader, we bet you watch the candlestick chart and price movements—regardless of good or bad news—like a hawk.
This meme felt most relatable during Bitcoin’s price fluctuations in 2017. Bitcoin holders and crypto traders alike were watching the price movement closely if Bitcoin traders will dump during the dip (for other traders to purchase) or HODL and wait for Bitcoin to keep going up until the U.S. currency is rendered virtually worthless.
Summing it up
See, even cryptocurrency memes can teach you a lot about the industry. Joining in crypto communities and engaging in a discussion can show you more about the meme and the context behind it. Indeed, learning can be fun!
Are you interested to learn more about the ins and outs of cryptocurrency? Check out our blog for more in-depth reading materials (but still fun!) on all things crypto and learn about the marvelous technology that makes it happen, blockchain.