{"id":18310,"date":"2025-02-26T15:46:20","date_gmt":"2025-02-26T08:46:20","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=18310"},"modified":"2025-02-26T15:46:20","modified_gmt":"2025-02-26T08:46:20","slug":"meme-coins-or-meme-gamble-the-risky-world-of-trump-coin-and-other-crypto-memes-with-jamie-bungaree-from-casinoaus-2","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=18310","title":{"rendered":"Meme Coins or Meme Gamble? The Risky World of Trump Coin and Other Crypto Memes with Jamie Bungaree from CasinoAus"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2585170\/5179137\/CasinoAus_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><b>The Rise and Fall of Meme Coins<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SYDNEY<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 26, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Jamie Bungaree, a leading expert in online gambling and cryptocurrency at CasinoAus, warns about the dangers of meme coins, how they resemble high-risk gambling, and possible regulation routes that should be taken to protect investors.<\/p>\n<p>Meme coins have taken the financial world by storm, but are they a smart investment or just another form of digital gambling? Traditional cryptocurrencies like Bitcoin and Ethereum were designed with clear use cases\u2014whether it&#8217;s serving as digital gold or supporting smart contracts. Meme coins are driven by social media trends and influencer endorsements, making them highly speculative and volatile.<\/p>\n<p>Just recently, Trump Coin and <span class=\"xn-person\">Melania Coin<\/span>, launched just before <span class=\"xn-person\">Donald Trump<\/span> took office, soared in value before crashing. This was followed by another meme coin launch, <span class=\"xn-person\">Harry Bolz<\/span>, where <span class=\"xn-person\">Elon Musk<\/span> single-handedly swayed the market.<\/p>\n<p><b>The Unpredictable Nature of Meme Coins<\/b><\/p>\n<p>&#8220;We&#8217;ve seen the power of branding in the crypto world before, and their supporters are willing to invest in trusted public figures. But a familiar name doesn&#8217;t mean the coin will hold its value. These coins first skyrocketed in price but crashed just as fast, leaving many investors with heavy losses,&#8221; says Jamie Bungaree.<\/p>\n<p>Market data from recent months illustrates this volatility:<\/p>\n<ul type=\"disc\">\n<li>Trump Coin generated nearly <a href=\"https:\/\/www.reuters.com\/markets\/currencies\/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03\/\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-money\">$100 million<\/span> in trading fees<\/a>, but extreme volatility led to major losses for small investors.<\/li>\n<li><span class=\"xn-person\">Harry Bolz<\/span> surged 30,000% in just 24 hours after <span class=\"xn-person\">Elon Musk&#8217;s<\/span> name change to &#8216;Harry B\u014dlz&#8217; on X, illustrating meme coin volatility.<\/li>\n<li>Meme coin trading volumes rival major altcoins, with price swings over 100% in days.<\/li>\n<\/ul>\n<p>Unlike established cryptocurrencies, meme coins lack stability, making them a high-risk investment.<\/p>\n<p><b>Gambling or Trading?<\/b><\/p>\n<p>Meme coin speculation mirrors gambling, with investors chasing hype and quick profits rather than fundamentals. <a href=\"https:\/\/bookmap.com\/blog\/6-behavioral-economics-principles-every-trader-should-know\" target=\"_blank\" rel=\"nofollow\">Behavioral economics<\/a> links impulsive decision-making, overconfidence, and FOMO to both speculative trading and gambling psychology.<\/p>\n<p>Jamie Bungaree explains, &#8220;Many investors trade based on emotion rather than analysis, chasing trends and overestimating their ability. This mirrors gambling psychology\u2014buying on hype, rather than analysing the fundamentals.&#8221;<\/p>\n<p>Many traders acknowledge making emotional investment decisions, underscoring the need for responsible investing, much like responsible gambling initiatives.<\/p>\n<p><b>Regulation, Final Thoughts, and Future Outlook<\/b><\/p>\n<p>Jamie Bungaree emphasises that without regulation, meme coins will continue to resemble high-stakes gambling rather than legitimate investments.<\/p>\n<p>&#8220;Right now, meme coins exist in a legal grey area, allowing bad actors to exploit market hype. Without regulation and consumer protection, many of these coins will continue to rise and fall, leaving behind a trail of winners and, unfortunately, many losers,&#8221; says Jamie.<\/p>\n<p>Meme coins blur the line between investing and gambling, highlighting the need for investor protections. Meme coins may either gain legitimacy through regulation or fade like past internet fads.<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2585170\/5179137\/CasinoAus_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><b>The Rise and Fall of Meme Coins<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SYDNEY<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 26, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Jamie Bungaree, a leading expert in online gambling and cryptocurrency at CasinoAus, warns about the dangers of meme coins, how they resemble high-risk gambling, and possible regulation routes that should be taken to protect investors.<\/p>\n<p>Meme coins have taken the financial world by storm, but are they a smart investment or just another form of digital gambling? Traditional cryptocurrencies like Bitcoin and Ethereum were designed with clear use cases\u2014whether it&#8217;s serving as digital gold or supporting smart contracts. Meme coins are driven by social media trends and influencer endorsements, making them highly speculative and volatile.<\/p>\n<p>Just recently, Trump Coin and <span class=\"xn-person\">Melania Coin<\/span>, launched just before <span class=\"xn-person\">Donald Trump<\/span> took office, soared in value before crashing. This was followed by another meme coin launch, <span class=\"xn-person\">Harry Bolz<\/span>, where <span class=\"xn-person\">Elon Musk<\/span> single-handedly swayed the market.<\/p>\n<p><b>The Unpredictable Nature of Meme Coins<\/b><\/p>\n<p>&#8220;We&#8217;ve seen the power of branding in the crypto world before, and their supporters are willing to invest in trusted public figures. But a familiar name doesn&#8217;t mean the coin will hold its value. These coins first skyrocketed in price but crashed just as fast, leaving many investors with heavy losses,&#8221; says Jamie Bungaree.<\/p>\n<p>Market data from recent months illustrates this volatility:<\/p>\n<ul type=\"disc\">\n<li>Trump Coin generated nearly <a href=\"https:\/\/www.reuters.com\/markets\/currencies\/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03\/\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-money\">$100 million<\/span> in trading fees<\/a>, but extreme volatility led to major losses for small investors.<\/li>\n<li><span class=\"xn-person\">Harry Bolz<\/span> surged 30,000% in just 24 hours after <span class=\"xn-person\">Elon Musk&#8217;s<\/span> name change to &#8216;Harry B\u014dlz&#8217; on X, illustrating meme coin volatility.<\/li>\n<li>Meme coin trading volumes rival major altcoins, with price swings over 100% in days.<\/li>\n<\/ul>\n<p>Unlike established cryptocurrencies, meme coins lack stability, making them a high-risk investment.<\/p>\n<p><b>Gambling or Trading?<\/b><\/p>\n<p>Meme coin speculation mirrors gambling, with investors chasing hype and quick profits rather than fundamentals. <a href=\"https:\/\/bookmap.com\/blog\/6-behavioral-economics-principles-every-trader-should-know\" target=\"_blank\" rel=\"nofollow\">Behavioral economics<\/a> links impulsive decision-making, overconfidence, and FOMO to both speculative trading and gambling psychology.<\/p>\n<p>Jamie Bungaree explains, &#8220;Many investors trade based on emotion rather than analysis, chasing trends and overestimating their ability. This mirrors gambling psychology\u2014buying on hype, rather than analysing the fundamentals.&#8221;<\/p>\n<p>Many traders acknowledge making emotional investment decisions, underscoring the need for responsible investing, much like responsible gambling initiatives.<\/p>\n<p><b>Regulation, Final Thoughts, and Future Outlook<\/b><\/p>\n<p>Jamie Bungaree emphasises that without regulation, meme coins will continue to resemble high-stakes gambling rather than legitimate investments.<\/p>\n<p>&#8220;Right now, meme coins exist in a legal grey area, allowing bad actors to exploit market hype. Without regulation and consumer protection, many of these coins will continue to rise and fall, leaving behind a trail of winners and, unfortunately, many losers,&#8221; says Jamie.<\/p>\n<p>Meme coins blur the line between investing and gambling, highlighting the need for investor protections. Meme coins may either gain legitimacy through regulation or fade like past internet fads.<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-18310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/18310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18310"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/18310\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}