Memes about Bitcoin, Cryptocurrency, Mining and ICO

Internet memes is quite contradictory but still culture, a unique cultural phenomenon that appeared in the world where everything goes online. In different countries, regions and language communities memes appeared quite a long time ago. When cryptocurrency emerged and developed memes penetrated even this field.

Today, The Coin Shark will make a review of cryptocurrency memes and we will show how the modern online-culture reacted to the boom about Bitcoin, cryptocurrency, mining and ICO.

Content:
(please, click the topic to scroll down to it)

  1. Small history insight
  2. Memes about Bitcoin
  3. Cryptocurrency memes
  4. Mining memes
  5. Memes about ICO
  6. Conclusion

1. Small history insight

Internet meme is a phenomenon of online space. Both these phenomena possibly emerged at the same time. When the world wide web enlaced the whole globe with its net, and people in different parts of the planet got an opportunity to communicate and exchange information as easy as if they were sitting at the same table, memes emerged and developed mostly at internet platforms for different discussions. New online tools allowed for fast data exchange, so any cute meme could become popular almost immediately and the speed of its spreading was huge. Memes were spread via internet platforms, video hosting services, social networks, etc. Those were interesting and funny pictures, videos, gif-images, melodies, separate words, phrases, etc. Internet community answered with memes to all the world trends in all spheres of life, like policy, sport, technology, culture. It is difficult to identify which memes appeared in the first place, but one of the first memes are absolutely lolcat (pictures of cats with funny captions), O RLY?, facts about Chuck Norris, Pepe the Frog and many other memes.

2. Memes about Bitcoin

Hype that we have seen around bitcoin was probably even bigger than hype around the latest president elections in the USA and remained a hot topic even longer. Today, people talk less about the digital gold and its rate is way less appealing, especially for those who have purchased BTC for $10 or $15 thousand not very long time ago. However, the rapid increase of bitcoin rate in 2017 inspired hundreds and thousands of memes. Bitcoin had been demonstrating sustainable growth already in 2016, but 2017 appeared to be its “golden age”. The cryptocurrency started with around $890 per coin and finished the year having reached $19,000 and more. So, the majority of BTC-related memes were about the growth of cryptocurrency’s rate, its volatility, bitcoin geeks, those guys who did not buy bitcoin several month ago, and those who bought it.

meme 1

meme 2

And that is how it really used to be back to the times of sustainable bitcoin rate growth in 2017. One could hold the coins for a week or so and gain a double profit or even more!

Here is another popular bitcoin meme, similar to all those stories in movies when people travel in time to purchase winning lottery tickets or to make winning bets.  

This meme reflects exchange trading strategy when traders buy currency while its rate is low, then hold it and sell at the higher price later.

meme 4

And finally, a meme about bitcoin’s volatility.

meme 5

3. Cryptocurrency memes

Many people still think cryptocurrency is a new financial and information tool, however, it has actually been more than 10 years since bitcoin was launched. The cryptocurrency market with all its infrastructure started emerging in 2013-2014. Since the beginning of 2018 we’ve been observing a significant recession – currently bitcoin costs less than $6,5 thousand and Ethereum is less than $200, while it started with more than $1000 in January, 2018. Such a situation also inspired many memes, like:

meme 6

When talking about cryptocurrency, memes Dogecoin, of course, should not be left unmentioned. This cryptocurrency has a meme as its name and logo. And this meme is Doge – a picture of a Shiba Inu surrounded by multicolored text in Comic Sans font. The meme appeared in 2013 and became very popular. Dogecoin is a cryptocurrency based on the Litecoin blockchain. Today, it is a top-20th coin by market capitalization. However, it has an unlimited emission and currently Dogecoin circulating supply amounts to more than 100 billion coins. One Dogecoin is traded at around $0.006. Dogecoin is also famous for the charity activities of its community. For example, in 2014, the community managed to raise around $50 thousand for Jamaica national bobsleigh team to go to 2014 Winter Olympics. The team was qualified for the Games, but had no money to travel to Russia. Such a Doge.

meme 7

4. Mining memes

Cryptocurrency mining is a big industry. However, today, it has changed significantly and a wide range of people is no longer able to mine Bitcoins, Ethereum, Litecoin and other popular cryptocurrencies using their own hardware. Mining is actually about decoding of a hash algorithm to create a new block in blockchain and, as follows, a new coin. Back to the beginning of 2010s, it was possible to mine on one’s own laptop. Today, you will need expensive equipment, huge mining farms or at least connection to mining pool to mine cryptocurrency and gain profit out of it. So, here is a meme about CPU-mining that is currently no longer available for the majority of popular coins:

meme 8

Mining actually means computing. It requires a lot of power which is a problem for both individual and industrial miners. There is a “What if I told you”- meme featuring Morpheus from the Matrix about this.

5. Memes about ICO

Initial coin offering is similar to IPO, but is not regulated with all those strict provisions related to stock market. It enables startups to receive investments easily in exchange for digital tokens they issue. The very first ICO was held in 2013 by Mastercoin that managed to attract $5 million. Today, there are plenty of ICOs offering to invest in the development of payment services, cloud platforms, blockchain-based transport systems, content monetization tools, etc.  However, even though blockchain technology is rather secure, ICOs are often subject to fraud and are rather risky. 2016-2017 was the “Golden Age” of ICO campaigns. Back then many startups managed to get huge investments. At the same time many financial regulators were often not crypto-friendly and some jurisdictions (like China) banned ICOs at all.

Despite the fact that cryptocurrency crowdfunding seems to be rather attractive, many investors have not received what they expected. And it is not only about fraud and scam – hundreds of project were simply not successful.

6. Conclusion

Anyway, it is not really surprising that cryptocurrencies inspired such a huge variety of memes addressing a number of crypto-related topics. And it is obvious that there are more to come – more pictures, images, videos that reflect changes of the cryptocurrency market and other important crypto-events.

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Akon: Nobody Knows What Cryptocurrency Is, But It Doesn’t Mean You Should Not Invest Into It

akon talks crypto

The famous American rapper Akon, the author of such hits as Smack That and Right Now, seems to be very interested in cryptocurrencies. First, he announced the launch of his own digital coin – Akoin – which is supposed to be the currency of a crypto city in Africa.

While the details of his ambitious plan have not yet been revealed, Akon keeps researching the possibilities of the crypto world. Recently he gave an interview where he discussed the financial situation in Africa and his vision on cryptocurrency.

When the interviewer said he did not quite what cryptocurrency was in the first place, Akon’s response was simple – “Nobody does.” The rapper actually finds digital assets very similar to regular company shares.

You know they’re going to yield an investment. You go there with your money because you know, these guys, in the next four, five or ten years, their projection said they are going to make triple what they are making now.” – he mentioned.

In the end, Akon said he would keep studying the subject and would do everything in his power to improve the difficult situation in Africa.

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Elon Musk Turned to the Creator of Dogecoin for Help in the Fight Against Twitter Scammers

musk needs help with crypto spammers

The CEO of Tesla Motors, entrepreneur and engineer Elon Musk published a message in his Twitter meant for the creator of the cryptocurrency Dogecoin Jackson Palmer with the request to invent a way to deal with crypto scammers on the social network.

A few minutes later, Musk received a response with an invitation to use a script that would resolve the issue with the scammers. Judging by the message of Dogecoin’s creator, Elon Musk used it.

https://twitter.com/ummjackson/status/1041577055970893824

We remind you that Elon Musk had to deal with Twitter fraudsters not once and not twice. Bots with offers to receive different cryptocurrencies for free were attacking Musk so much that he even started writing brilliant responses to them. Later, the social network management even began to block accounts containing the name of Elon Musk.

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McAfee Birthday Collection: Top-5 Eccentric Statements, Promises, Innovations and Scandals

john mcafee birthday compilation

The editorial board of The Coin Shark wishes happy birthday to the most unconventional crypto personality John McAfee and hopes he will thrive and please the crypto community for many more years.

For this occasion we decided to compile the loudest things that McAfee has said or done this year.

1. There is no doubt that the wildest promise of John McAfee remains his infamous claim about the price of Bitcoin in 2020. The interesting part is, of course, related to the physical tortures that McAfee is ready to face if his predictions turn out to be wrong.

2. Another loud claim of McAfee was his firm intention to run for presidency during the next election. Given the low levels of popularity that the current US President is coping with, we believe that anything might happen at this point. Politics aside, no doubt that the crypto world will be thrilled to have such a president.  

3. We could not leave out the epic with McAfee’s crypto wallet Bitfi. Was it really hacked? Was McAfee planning to give such a pricy award? We don’t know. However, what we do know is that the story brought a whole lot of attention to the wallet, so maybe it was an ultimate goal in the first place.

4. The CoinMarketCap should beware, because John McAfee is on its toes. His own site with market capitalization and cryptocurrency exchange rates is already functioning.

5. Last, but certainly not least comes the McAfee crypto challenge. Brilliant minds with innovative crypto solutions can join his team to improve and develop the crypto world together.

Anyway, even if John McAfee does not eat any parts of his body or loses the run for presidency, he will always remain one of the brightest stars of the crypto universe. Happy birthday, John!

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Bitcoin and Ethereum Price Analysis Today on the 18th of September: Cryptocurrencies Collapsed Again

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcоin (BTC) lost 3.07% in the past 24 hours. The price at the time of writing is $6286 per coin.


Source: https://coin360.io/

In the past 24 hours Bitcoin reached the highest mark for the day at $6452, later it fell drastically to $6338 and then fell to $6257 per coin. At the time of writing BTC added about $30.


Source: https://coinmarketcap.com/

In this time interval, we can observe a downtrend.

The remaining cryptocurrencies fell into the deep red zone:

Bitcoin Cash lost 7.23% over the past day and costs $414 per coin;

Ripple dropped by 2.50% and is worth $0.27;

EOS fell by 9.17%, and its price is $4.86;

Litecoin lost 7.79% and its value is $51;

Cardano fell by 7.69% and is worth $0.063;

Stellar decreased by 3.51% and costs $0.19;

IOTA lost 6.01%, and its value is $0.53;

Dash lost 6.58%, and its price is $182;

Monero became cheaper by 7.89% and is worth $107.

Ethereum reached the highest mark of $221 in the past 24 hours. A few hours later, ETH dropped to $195. At the time of writing, the price of the coin is $197.


Source: https://coinmarketcap.com/

The total market capitalization dropped to $192 billion. Bitcoin accounts for 56.3% of the total volume. In monetary terms, this is $108 billion.

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John McAfee Is Not Having It With Online Trolls

mcafee is fighting the trolls

Scammers, fraudsters, trolls – whatever you want to call them – have been pushing their luck with a lot of major crypto personalities and famous people.

We all remember how a fake account of Vitalik Buterin tried to cheat the poor followers out of their money and when Elon Musk could not get rid of annoying trolls asking him whether he wanted to purchase Ethereum or not.

This time the crypto enthusiast John McAfee decided to oppose the Internet “pests”. He published an angry message on his Twitter.

So, we genuinely recommend all the trolls to leave McAfee alone for their own sake.

We remind you:

John McAfee Predicted the Bitcoin Price for 2020

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Binance Is Launching a Regular Exchange in Singapore

binance opens a fiat exchange in Singapore

Binance, the biggest crypto exchange in terms of trading volume (based on the info from the CoinMarketCap) decided to expand into the fiat direction. Its CEO, Zhao Chengpeng, made an announcement where he claimed that the fiat branch of Binance will soon open in Singapore.

Firstly, the beta version will launch. It will happen on the 18th of September. This is a necessary step to try the idea out and fix all the flaws that might come up. The details of further development of the fiat currency exchange have not yet been revealed.

We remind you:

Review of Binance Coin Сryptoсurrency: Benefits for Holders and Prospects for Development

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