A Meme coin investor turned $8,000 Investment into Billion? - page 2.

betswift

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Quote from: justdimin on August 06, 2024, 01:09:02 PM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

Even the "hope" for something like this from memecoins is literally fake, how can you actually think that anyone could do this. I mean it's obvious that the "value" was high, but nobody could even sell 10% of that at all, would crash the market and that is why it was never that worth and this is the example that they are giving on what is possible. Even what is possible at max is fake on memecoins, so the reality is so harsh that they can't even make the good side look good without lying or faking it.

I believe that if you invest into any memecoin, you are going to end up losing a lot of money and I would definitely not suggest anyone to do this. What we need to do right now is just keep away from all of this shitcoins, they are totally worthless, and don't buy into these fake news.

It's viable to make something out of them if you are a shiller or have the info insights, though. Those people are getting a great fortune from getting their referral base invested with both time and effort into projects like that. They can also be sniped. Of course, the risk isn't worth it most of the times, but the possibility is still there.

justdimin

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Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

Even the "hope" for something like this from memecoins is literally fake, how can you actually think that anyone could do this. I mean it's obvious that the "value" was high, but nobody could even sell 10% of that at all, would crash the market and that is why it was never that worth and this is the example that they are giving on what is possible. Even what is possible at max is fake on memecoins, so the reality is so harsh that they can't even make the good side look good without lying or faking it.

I believe that if you invest into any memecoin, you are going to end up losing a lot of money and I would definitely not suggest anyone to do this. What we need to do right now is just keep away from all of this shitcoins, they are totally worthless, and don't buy into these fake news.

betswift

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Quote from: SatoPrincess on August 05, 2024, 06:07:25 PM

Meme coins have the potential of making an investor rich overnight and vice versa. People are so fixated on the potential profits they can make from meme coins that they don’t even know they can lose their investment in a blink of an eye. My problem with those who invest in meme coins is that they do not consider any analysis or research before buying them. It’s more or less gambling than investing.

Like many on this thread, I also doubted if the story was true or not because it did sound too good to be true tbh. While reading the replies down the thread, I discovered @coin-investor shared a link to the original article. OP I think you should add the links to the original post so others won’t debate about the legitimacy of the story.

Quote from: coin-investor on July 15, 2024, 08:11:35 AM

A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion.

The article was written three years and what remains in the wallet is $3.5 million
https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd so from 2021 until now he made a lot of withdrawals which is a natural thing to do.

Research is essential for any project you are going to invest your effort, and, especially - funds. It's a no-brainer at this point, where there won't be projects that bring just profits, big or small. Lots of them will leave you dry, or worse - in a big minus.

SatoPrincess

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Meme coins have the potential of making an investor rich overnight and vice versa. People are so fixated on the potential profits they can make from meme coins that they don’t even know they can lose their investment in a blink of an eye. My problem with those who invest in meme coins is that they do not consider any analysis or research before buying them. It’s more or less gambling than investing.

Like many on this thread, I also doubted if the story was true or not because it did sound too good to be true tbh. While reading the replies down the thread, I discovered @coin-investor shared a link to the original article. OP I think you should add the links to the original post so others won’t debate about the legitimacy of the story.

Quote from: coin-investor on July 15, 2024, 08:11:35 AM

A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion.

The article was written three years and what remains in the wallet is $3.5 million
https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd so from 2021 until now he made a lot of withdrawals which is a natural thing to do.

Oilacris

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Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

Talking about variants or classes or any something that would really be in relation then you would really be finding out yourself on not to have that kind of positive approach towards meme coin
investment or choices. When it comes to money making opportunity then this is something that will really be considered out to be possible but its not something that you would really be that easly be that recommended on wich trying out to look for the risks involved then you could really be able to say that it is really that something risks or something that you cant really be able to bare up such
risks. Meme coins could really be that potentially give out that easy x1000 or even more and this one would really be that definitely make you a multi millionaire if you have found yourself having to those meme coins but of course extreme luck will really be needed up. You dont really know on which one would really be taking up that moonshot.

Mayor of ogba

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Quote from: ultrloa on July 15, 2024, 06:19:22 AM

Quote from: Ishicryptic on July 15, 2024, 05:04:57 AM

Quote from: nelson4lov on July 14, 2024, 04:51:32 PM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

~Snipped

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

Where do you guys get your conviction from? It's still too early to say whether or not $SPIKE will surpass PEPE. Also, if I understand you correctly, how did the said individual make billions from their $8K investment in SPIKE when the marketcap is still at $20m? Even the biggest memecoins like WIF, PEPE took a long time to attain the $B marketcap level so it would take a long time for SPIJE to catch up. If it was a cabal oriented token, retail needs time to catch up on the memecoin and it's narrative/culture.

TLDR, still too early to call it.

PEPE is among the top memecoins which has proven it's reputation in the crypto market, other emerging memecoins will likewise proof their reputations before we can categorize them as top memes. SPIKE, has to proof that it has the potentials to be compered with PEPE, it is left for it's developers to be innovative and we will see how far it goes.

As far the story about somebody that invested $8k and made billions in profit, I can not take a story like that seriously since their is no link in the OP to support the claim. It is probably a take to hype the profit potentials of memecoins and nothing more, anybody that does the maths will know that the story doesn't add up, so it's most likely a made up story to entice newbies to gamble all their funds in memecoins.

But eventhough PEPE gather already a good result still you shouldn't not call it as valid thing to look as reputable thing they made. I know lots of people earn from those meme coin but that doesn't mean that they continue to pump up just like what other people expect. Remember that there's no official information of the team created that PEPE COIN so anytime they can pull their rug pull scheme the same on what happen to other meme coin out there.

Although I understand that this meme coin gather already a lot of supporter, but they should take precaution and don't do all in so that they will not experience any huge damage if those what we feared to happen will occurs.

I agree with what you said. Anyone who is investing his money in meme coins should know that his money is at risk and he or she can lose his or her money because meme coins can rug-pull at any given time. Because of the hype surrounding meme coins, people believe they can easily make cool money if they invest in them, but they don't know that they can easily lose money in meme coins because of the price manipulation of meme coins. Only few investors benefit from meme coin investments because they are experienced and know when to pull out their money to avoid unexpected losses.

betswift

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Quote from: shinratensei_ on August 04, 2024, 11:31:05 PM

Quote from: Coin_trader on August 03, 2024, 03:41:30 AM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It’s mathematically impossible to amass that kind of profit on a meme coin liquidity even on the biggest marketcap memecoin. 5.7$ B is already a daily trading volume which means there’s tons of buy and sell in able to achieve that while this guy claiming to turn his 8K to 5.7B is definitely hoax. There’s no meme coin so far that print that kind of profit unless he purchased DOGE during the initial release and sold at peak.

Also I doubt a billionaire will waste time sharing story in the internet while he can enjoy all his fortune silently without attracting potential attack on his finances. But this is 100% one fake story created for views in social media.

I think whoever invested in meme coin in super early phase can make that much of profit if they consistently scoring 1000x or more gain reinvest their money to other memes.but i'm sure if this kind of story is true, it won't flew under the radar, coverage from media seems very minimal, but I think with 8k investment super early into the meme coin, I think he'd maybe made a fortune worth of generational wealth.

not to mention if he really make that 5 billions profit, he'd probably gonna have a hard time cashing it out

because entire doge coin's worth is only 13 billion dollars and dumping 5 billion will certainly destroy doge coin market.

anyway, even if that's true, it's hard to replicate the success with current state of the meme coin.

..But it sure does seem like a dream come true Wink

I agree with the fact that maybe that person didn't have a profit of 5B, but he profited a lot from that affair nevertheless.

shinratensei_

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Quote from: Coin_trader on August 03, 2024, 03:41:30 AM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It’s mathematically impossible to amass that kind of profit on a meme coin liquidity even on the biggest marketcap memecoin. 5.7$ B is already a daily trading volume which means there’s tons of buy and sell in able to achieve that while this guy claiming to turn his 8K to 5.7B is definitely hoax. There’s no meme coin so far that print that kind of profit unless he purchased DOGE during the initial release and sold at peak.

Also I doubt a billionaire will waste time sharing story in the internet while he can enjoy all his fortune silently without attracting potential attack on his finances. But this is 100% one fake story created for views in social media.

I think whoever invested in meme coin in super early phase can make that much of profit if they consistently scoring 1000x or more gain reinvest their money to other memes.but i'm sure if this kind of story is true, it won't flew under the radar, coverage from media seems very minimal, but I think with 8k investment super early into the meme coin, I think he'd maybe made a fortune worth of generational wealth.

not to mention if he really make that 5 billions profit, he'd probably gonna have a hard time cashing it out

because entire doge coin's worth is only 13 billion dollars and dumping 5 billion will certainly destroy doge coin market.

anyway, even if that's true, it's hard to replicate the success with current state of the meme coin.

Orange89

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It's understandable high risk high reward the invested money can be zero as well from the day meme coin introduce I think if I am correct it's 2013 mostly around 95% came j in the market ust because of some trend and do make money and then some few project like doge coin shiba inu come with utility and long lasting it's always interesting to see mecoin on these Leval isn't

gunhell16

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Quote from: Yaunfitda on August 03, 2024, 07:33:13 AM

Quote from: Mr. Magkaisa on August 03, 2024, 04:25:23 AM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

- 8000$ invested into a meme coins? then the amount it returned became billions? You know it's easy to make a story, especially if there is no source link. How can you believe in this story of yours if you have no proof that what you are saying is true? I have never heard of anything like that in my two years here in the crypto space.

Then the spike that you are talking about, if it will surpass the Pepe coin, the answer to that is simple: when it surpasses Pepe's marketcap, which is around 3 billion more. But if the market cap is less than $50 million, what you are saying is still vague.

Yeah, probably this is just to hype this meme coins. And if this is true, then lucky him, I mean it's one of lifetime chance to become a billionaire. But definitely, there are a lot of loopholes in this story so I doubt the truth here. Nevertheless, it's possible to earn or profit big in meme coins, we have seen Doge or Shiba and Pepe making money for those early investors on them. And again, it's also the risk involved, we really don't know that if a certain project is going to be big as the one we mentioned. And then also the timing of investing on them is also very important. So we can say as well that you really need to be very lucky as well to become a self made millionaire here.

I agree with what you mentioned, dude. Yes, it is possible to get rich instantly if you time it right with a meme coin like Pepe Coin, which, when it was starting pre-sale, many people did not believe and were negative here, but in just a short period of time, the project really boomed, and suddenly the price kicked really hard from its very low value.

That's why many people got rich from Pepe because I heard before that with an investment of $500, the return on his investment here became millions. But in the spike, it's too good to be true, in my opinion.

zakster

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SPIKE has No potential, NO comparison with $PEPE at all.
Though Pepe Unchained can be the next addition in one's portofilio.

Yaunfitda

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Quote from: Mr. Magkaisa on August 03, 2024, 04:25:23 AM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

- 8000$ invested into a meme coins? then the amount it returned became billions? You know it's easy to make a story, especially if there is no source link. How can you believe in this story of yours if you have no proof that what you are saying is true? I have never heard of anything like that in my two years here in the crypto space.

Then the spike that you are talking about, if it will surpass the Pepe coin, the answer to that is simple: when it surpasses Pepe's marketcap, which is around 3 billion more. But if the market cap is less than $50 million, what you are saying is still vague.

Yeah, probably this is just to hype this meme coins. And if this is true, then lucky him, I mean it's one of lifetime chance to become a billionaire. But definitely, there are a lot of loopholes in this story so I doubt the truth here. Nevertheless, it's possible to earn or profit big in meme coins, we have seen Doge or Shiba and Pepe making money for those early investors on them. And again, it's also the risk involved, we really don't know that if a certain project is going to be big as the one we mentioned. And then also the timing of investing on them is also very important. So we can say as well that you really need to be very lucky as well to become a self made millionaire here.

Mr. Magkaisa

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Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

- 8000$ invested into a meme coins? then the amount it returned became billions? You know it's easy to make a story, especially if there is no source link. How can you believe in this story of yours if you have no proof that what you are saying is true? I have never heard of anything like that in my two years here in the crypto space.

Then the spike that you are talking about, if it will surpass the Pepe coin, the answer to that is simple: when it surpasses Pepe's marketcap, which is around 3 billion more. But if the market cap is less than $50 million, what you are saying is still vague.

Coin_trader

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Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It’s mathematically impossible to amass that kind of profit on a meme coin liquidity even on the biggest marketcap memecoin. 5.7$ B is already a daily trading volume which means there’s tons of buy and sell in able to achieve that while this guy claiming to turn his 8K to 5.7B is definitely hoax. There’s no meme coin so far that print that kind of profit unless he purchased DOGE during the initial release and sold at peak.

Also I doubt a billionaire will waste time sharing story in the internet while he can enjoy all his fortune silently without attracting potential attack on his finances. But this is 100% one fake story created for views in social media.

Mustang Shelby

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Quote from: passwordnow on August 01, 2024, 04:57:25 AM

Stories like this are good PR contents for the marketing of the new projects that are coming out. Whoever publishes it are likely paid to do so and to get the attention of everyone especially on X platform. And for the new projects that are being said by OP, IMO, this is all about another PR. Someone who's run by his own greed are likely to think that this project might give him that much return. I'm done with this kind of thinking and I've fallen for many mistakes and losses that I have made before. Don't believe with most stories about rags to riches that you'd see in the internet and then they're advertising in a questioning manner whether the project they have found out is good or not or has the potential.

I don't believe any of the ads on the internet anymore. They talk as if there are thousands of people who got rich from scratch. They try to manipulate people's perception by using a wallet valued at $100 to become millions of dollars. This is nothing more than deceiving people. That's why you shouldn't believe them. If you are going to invest, it would be best to do some research. If you are going to invest in memecoin, invest with money that you will not hesitate to lose and that you will not be upset by the money you will lose. If you lose your money, the amount you are willing to lose will be gone, and this will not upset you.

betswift

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Quote from: Dump3er on August 01, 2024, 04:55:41 AM

Quote from: betswift on August 01, 2024, 04:51:38 AM

Quote from: Dump3er on August 01, 2024, 04:16:14 AM

Quote from: wxa7115 on July 30, 2024, 01:35:31 AM

~

Well the maths is pretty simple here, it would mean that he was able to make 125,000x out of his starting capital! Cheesy

Sounds quite realistic to me... Someone who bought bitcoin for $1 would now be at 64,000x. It's nonsense of course... Oh now I see you are talking about $5.7 billion! lol then it would be 125,000x * 5.7, which is 712,500x. Erm let me think, no...

It is true that some meme coins like DOGE were at $0.0002 and peaked at around $0.65. That would give someone 3,250x. No way there was someone making 712,500x with a meme coin. I think everyone would have been talking about that and such a topic is unknown to me.

If this story really exists, at least the meme coin should be known and mentioned here. I also think that the lottery for meme coins is over in terms of those profits that people could make many years ago. And that's a good thing because too many people got fucked up and immediately lost their interest in bitcoin too.

Yeah, memecoins have good and bad sides for those who just came to crypto and are eager to start pumping money without much knowledge behind it. Nevertheless, it's these lessons in terms of whether you should go into such coins or not which shape our experience and analysis capabilities, thus allowing us to improve in the long term.

I can't really see the good sides about them. They are pump and dump coins, except for a coin like DOGE that somehow established itself in the top ranks because it had the advantage of being the first of its kind I think. But even DOGE sucks. Although I don't really care when people feel the need to put their money into those coins. They should do whatever they feel like, but I'd never recommend buying one of those coins.

For me, the good would be in the meaning that everybody understands what a meme is. Why do people follow memes. What that coin is about. Not many people are eager to learn about blockchain, liquidity, types of proof for nodes, etc. They just want the money, and that's fine (it's the nature of ours, even if sometimes it leads to bad consequences). People can enter crypto through the memecoins, and if they were eager to go deeper than that, they would find lots of information that they would never think of, how to thrive there and how minuscule in comparison the memecoins are. Or, they would drop it all off and end the story here and there. The memecoins, in my eyes, are the natural selection method of sorts, in this example Wink

passwordnow

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Stories like this are good PR contents for the marketing of the new projects that are coming out. Whoever publishes it are likely paid to do so and to get the attention of everyone especially on X platform. And for the new projects that are being said by OP, IMO, this is all about another PR. Someone who's run by his own greed are likely to think that this project might give him that much return. I'm done with this kind of thinking and I've fallen for many mistakes and losses that I have made before. Don't believe with most stories about rags to riches that you'd see in the internet and then they're advertising in a questioning manner whether the project they have found out is good or not or has the potential.

Dump3er

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Quote from: betswift on August 01, 2024, 04:51:38 AM

Quote from: Dump3er on August 01, 2024, 04:16:14 AM

Quote from: wxa7115 on July 30, 2024, 01:35:31 AM

~

Well the maths is pretty simple here, it would mean that he was able to make 125,000x out of his starting capital! Cheesy

Sounds quite realistic to me... Someone who bought bitcoin for $1 would now be at 64,000x. It's nonsense of course... Oh now I see you are talking about $5.7 billion! lol then it would be 125,000x * 5.7, which is 712,500x. Erm let me think, no...

It is true that some meme coins like DOGE were at $0.0002 and peaked at around $0.65. That would give someone 3,250x. No way there was someone making 712,500x with a meme coin. I think everyone would have been talking about that and such a topic is unknown to me.

If this story really exists, at least the meme coin should be known and mentioned here. I also think that the lottery for meme coins is over in terms of those profits that people could make many years ago. And that's a good thing because too many people got fucked up and immediately lost their interest in bitcoin too.

Yeah, memecoins have good and bad sides for those who just came to crypto and are eager to start pumping money without much knowledge behind it. Nevertheless, it's these lessons in terms of whether you should go into such coins or not which shape our experience and analysis capabilities, thus allowing us to improve in the long term.

I can't really see the good sides about them. They are pump and dump coins, except for a coin like DOGE that somehow established itself in the top ranks because it had the advantage of being the first of its kind I think. But even DOGE sucks. Although I don't really care when people feel the need to put their money into those coins. They should do whatever they feel like, but I'd never recommend buying one of those coins.

betswift

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Quote from: Dump3er on August 01, 2024, 04:16:14 AM

Quote from: wxa7115 on July 30, 2024, 01:35:31 AM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

You will have to post a source for those rumors as it is impossible to produce those profits with such a low starting capital, as even if a meme coin went up 100x, this will only produce 800k in profits, which is nowhere near the 5.7 billion that you claim.

Just to give you an idea of how unlikely this is, even if a person bought bitcoin with those 8k when bitcoin was only worth one dollar, this will only produce 531 millions at the current price, so the profits will still be very far away from the amount you state that person made.

Well the maths is pretty simple here, it would mean that he was able to make 125,000x out of his starting capital! Cheesy

Sounds quite realistic to me... Someone who bought bitcoin for $1 would now be at 64,000x. It's nonsense of course... Oh now I see you are talking about $5.7 billion! lol then it would be 125,000x * 5.7, which is 712,500x. Erm let me think, no...

It is true that some meme coins like DOGE were at $0.0002 and peaked at around $0.65. That would give someone 3,250x. No way there was someone making 712,500x with a meme coin. I think everyone would have been talking about that and such a topic is unknown to me.

If this story really exists, at least the meme coin should be known and mentioned here. I also think that the lottery for meme coins is over in terms of those profits that people could make many years ago. And that's a good thing because too many people got fucked up and immediately lost their interest in bitcoin too.

Yeah, memecoins have good and bad sides for those who just came to crypto and are eager to start pumping money without much knowledge behind it. Nevertheless, it's these lessons in terms of whether you should go into such coins or not which shape our experience and analysis capabilities, thus allowing us to improve in the long term.

Dump3er

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Quote from: wxa7115 on July 30, 2024, 01:35:31 AM

Quote from: Altcoiner007 on July 14, 2024, 04:35:30 PM

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

You will have to post a source for those rumors as it is impossible to produce those profits with such a low starting capital, as even if a meme coin went up 100x, this will only produce 800k in profits, which is nowhere near the 5.7 billion that you claim.

Just to give you an idea of how unlikely this is, even if a person bought bitcoin with those 8k when bitcoin was only worth one dollar, this will only produce 531 millions at the current price, so the profits will still be very far away from the amount you state that person made.

Well the maths is pretty simple here, it would mean that he was able to make 125,000x out of his starting capital! Cheesy

Sounds quite realistic to me... Someone who bought bitcoin for $1 would now be at 64,000x. It's nonsense of course... Oh now I see you are talking about $5.7 billion! lol then it would be 125,000x * 5.7, which is 712,500x. Erm let me think, no...

It is true that some meme coins like DOGE were at $0.0002 and peaked at around $0.65. That would give someone 3,250x. No way there was someone making 712,500x with a meme coin. I think everyone would have been talking about that and such a topic is unknown to me.

If this story really exists, at least the meme coin should be known and mentioned here. I also think that the lottery for meme coins is over in terms of those profits that people could make many years ago. And that's a good thing because too many people got fucked up and immediately lost their interest in bitcoin too.

Topic: A Meme coin investor turned $8,000 Investment into Billion? - page 2. (Read 949 times)