Topic: A Meme coin investor turned $8,000 Investment into Billion? - page 3. (Read 959 times)

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.

Luck doesn't play a big part though, the analysis is key, in my opinion. Who shills the project, who collabs with it, what the future devs see for it, and so much more. And, of course, if you pour $8000 in one memecoin and wait for big gains right away, you will be out of luck It would be much wiser to distribute this kind of money into many memes, or better - much into the stable alts.

although investing in the best meme coins can be an opportunity, with this digital currency often starting as a joke but can turn into a profitable investment, it can happen without any initial prediction, the lack of value means the price of speculative meme coin investments can fall, but the question is? can you make a profit by investing $ 8,000. I think it is very difficult to get it in the most important thing in meme coin trading considering its volatile nature but it is possible that it can happen, depending on the luck we get.

True, the share for most memecoins have grown that much and every memecoin has to share this market from people that are holding them.
But with all of these news, very unlikely although I am not saying that it won't be impossible. Just a very slight chance to happen.

With the right tools and good analysis behind our belts, anything is possible! Of course, not in one moment, not from the first try, but it's absolutely viable to become good with meme coins.

It might be possible, that’s a meme coin for you, but you will find it very difficult to get a meme coin that will do something like this for you. Meme coins are just too risky to put money in, and most meme coins are just pumped by the hype they get, and after the hype dies down, they are going to dump it back. They have no use case or road map to keep them going. The best thing is to avoid meme coins completely, and if you are a risk taker, then make sure just a little amount is left in meme coins because most of them will fail, and even once you start making money, the money might not be much.

Meme coins are not coins that we should hold for a long time because we know they are just moved by hype, and hype can’t really continue for a long time, so whenever there is a pump, just take advantage of it and take your money and profit out.

I would say that it is both true and wrong at the same time. The reason why I am saying that, is the fact that yes his 8k may have turned to 5.7 billion (which I am not sure if that is still a true exact amount) but the reality is that he never had a chance to have 5.7 billion at all, it was just on paper and that is why it's wrong. The saying "8k turned into 5.7 billion" sounds like he actually sold and HAD 5.7 billion, but the reality is that "what he held was 5.7 billion valued for a while" instead, and we all know that if he ever tried to sell that, he would have made not even half of that, he would have destroyed 90% of the price to sell all the ones he had.

I tried to check his wallet and couldn't find when he got out, but I can tell you that while he did made a lot of money from that trade, I would say a few million at best is the real result. Remember, there is a limit to the volume shiba has, and that is why he can't sell much in a single day. He probably just made a few million dollars, which is awesome of course, but nothing shocking to crypto world, a lot of people invested a few thousand and made a few million in many different projects before it is not the first time this happened. The first time we saw billions in value, but never was cashed out, couldn't be.

Well yes there is some people that does get so lucky and becomes rich from investing in crypto. But I do not think it is the right idea to think we can become rivh from investing in the meme coins.

For this man to make 8,000 become $5.7 Billion does not happen alot. And we can not think we are going to get rich like that investing in the meme coins.

The proof is on the blockchain if you read some of the previous replies. A user who bought trillions of Shiba Inu tokens as soon as it started trading, held them until the price went very high and they were worth billions. We don’t know for sure at what price he sold his tokens, but we can conclude that he made a massive profit. This is probably one of the most profitable investments ever, only comparable to some very early Bitcoin adopters.

This type of talk keeps getting revived time and time again, this was a very famous thing in the past and it was proven wrong, well it wasn't really "proven wrong" but there was zero proof that anyone did this, and after years we see it again. No, this did not happen, or at least, it if ever happened then nobody has ever came forward and provide a proof that it happened. Imagine someone turning 8 thousand into billions, don't you think that everyone would have noticed that and shared that all over the internet? Of course they would, everyone would but in the end that did not happen so we have no proof.

There are of course some people who made some money from meme projects, maybe some people even turned a few thousand into a few million, which is more realistic than a billion.

Please remember, a billion is a thousand millions, that should tell you how much we are talking about and how important that difference is. I believe that as long as we do what we do right, we do not have to worry about making billions, even a million, hell even 100k+ would be great. I personally work very hard to get to 200k, because if I reach 200k one day, that means I will never need money again, so billions is not needed at all.

As I've already seen in the thread, there is a conformation that a person really did invest his 8k into the Shiba inu in 2020, thus, gaining more than 7 million percent from the initial investment. There is also a method of looking for new altcoins with low cap called sniping, where you search for the time when a coin goes to the exchanges and get some of them right after it's available to be done, thus, if the coin will pump hard afterwards, you will be rewarded greatly. However, there is always a chance of rug pulls or honey pots all over the place, especially in altcoins (on the Solana chain, mostly), so you need to be careful and make calculated moves when you do something on this kind of market. NFA, DYOR, and it will click for you.

No wonder it could be such 1 in 1 million opportunity of flipping 8k to billions if it's shiba inu, back then it was indeed priced at so low and suddenly when elon comes to shill, things changed meme coin become what it is today with everlasting trend.
just see how many percent SHIB has grown over the course of decade  .



but I doubt such thing will repeat again though with most of the meme coins these days just pump and dump scheme, not to mention meme coin snipers are large in amount.
unless there will be another crazy trend of meme coin that could pump the worth of certain meme coin to millions percent of its initial valuation.

I was skeptical and didn’t believe this story was true, but I guess it really did happen. It’s not quite as impressive as Satoshi’s estimated net worth, but it is still a massive profit. If we look at when they started dumping their coins, it was around the time Shiba Inu was at its all time high. They got out at the right moment, because the bear market that soon followed saw the token lose 90% of its value.

The story is legit coin-investor posted an article about that, including the wallet and all of its transactions
https://bitcointalksearch.org/topic/m.64328158

This is why so many people are attracted to memes because there are proofs revolving in the internet that you can make 10000% percentage if you find the right meme to invest in, so people keep looking for the right meme coin to invest and developers keep creating new memes.

There could be something that will take a while, which isn't really a great deal. I am just talking about something that is not going to be that easy, it should be a hard time dealing with something like that. A person who turns small amount into millions has two options, one is easy but quick end, the other is very tough. If you say "this is enough" and stop, then you are fine, but if you keep working and trying to make more then you are going to face troubles.

Also, I am 100% sure, not even like 99.99999% sure, I mean like 100% sure that nobody turned 8k into 5.7 billions, sure some people made some money, but nobody made THAT much money from memes, it would have required them to sell, it could be some spike that they couldn't sell out on, like on paper, but nobody "made" that profit.

He took a risk.

Investing 8k usd into a memecoin that you have no 100% guarantee that can give you profit is a risk and one that is taken by a brave individual. Not everyone has this much money let alone bravery to invest this much. It is possible to find a memecoin during its early stages but not everyone will rise to give you billion in profit.

Highly unlikely, enough for most people to not even think about it. Even those who can are either delusional from just waking up, are really rich people who can ignore the possibly high amount of money that they'd need to lose to make that highly unlikely situation a likely one, or are part of the development/marketing team that's obviously trying to create noise to say that they're coin converted someone from rags to riches.

Personally, I'd only ever think of being lucky in profiting off of meme coins. There's no rhyme nor reason in trying to chase profits from it imo.

Agreed unfortunately, I would like to see a link or proof of the story the OP portrays. Could quite easily just be a developer or large holder of the shitcoin in question. These kind of things do happen but it’s rare & I’d like to see proof before I even thought about buying the coin.

It's almost impossible to do that.  Yeah he didn that during the original memecoin pump.  Back then there were only a couple so the money was centralized.  Now there's a million memecoins.  Too many people are spread to thin in the market.  Jist not enough money in the market to support a pump like that again.

I know that it's very possible that someone can turn small amount into a larger amount through memecoins. $8k to be honest isn't that small, only a few can afford to invest that to a shit project. Turning into billions? very rare but not impossible.
And with stories like this, many capitalizes it for them to shill the projects that they're working on. Well, who knows with that effort there could be another millionaire - billionaire, from rugs to riches stories from the same strategy.