How fast can one achieve Crypto millionaire status with meme coin?

Bushdark

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Quote from: Kristiyana on April 25, 2024, 08:18:54 AM

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

I think one of the fastest way for us to achieve the crypto millionaire status is very investing hugely on new projects especially the ones at presale. Presale can be very risky if the project could not launch and end up taking our money away.
There are so many opportunities in the market for us to earn and make money for ourselves but the opportunity might looks risky for us which is the number one reason we have to invest what we know we can afford to lose in the cryptocurrency market.

peter0425

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Quote from: Kristiyana on April 25, 2024, 08:18:54 AM

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

That would depend on how much you have put in a specific memecoin and if it will give you 10x, 20x or 30x maybe even 100x return but what are the chances of that happening?

Close to none actually and even if it does reach a particularly high price, you would need to make sure that you sell at a good time or else it will all be for nothing.

Belarge

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Quote from: Kristiyana on April 25, 2024, 08:18:54 AM

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

The market is often not friendly and have not also will been in the best position. We should exert top actions towards the market, always knowing our weaknesses and strength. Memecoins are promising projects and their time frames of hitting huge pumps becomes essential. It's our choice to either follow the market trends or simply sticking back to back with market price action of these projects. I know it's never an easy path to walk down, and we should be handling the top jobs.

ultrloa

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Quote from: Kristiyana on April 25, 2024, 08:18:54 AM

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

Only few lucky people will became a millionaire on this especially if they are a risk taker which can afford to lose to test out all possible potential meme coins that can give them lots of profit.

But hard to deal with this or retain something positive mindset towards dealing on meme coin since we don't know if we can earn since a lot of those token exist are just pure scam.
Maybe there are few of them rise a lot like 1000x which a lot of people want to hit, but this is hard to seen and most likely before we can experience that to many times we will get scam by those people who always wait for their victim to believe that there's great developments will happen to the meme coins they created.

Kristiyana

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For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

DeathAngel

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It’s like a mine-field, you need to be so careful that you don’t get blown up. Yes some people invest a relatively small to moderate amount in a coin & become wealthy but you don’t hear about the vast majority who invest in a coin that does nothing. People who become millionaires from a memecoin are in the minority, it can happen but you are more likely to invest in the wrong coin & stand on one of those land-mines.

mich

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We do hear about the crypto Millionaires that did get rich from investing in the meme coins. But how does he know to buy millions of these coins that is not worth anything, to now he is a Millionaire.

There is so many meme coins all we need to do it get lucky and pick the right one. Then we can make so much profit it is ok if the other investments in our portfolio don't make huge gains. But we have to be very lucky for that to happen to us.

justdimin

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Quote from: God bless u on April 15, 2024, 12:38:37 PM

Quote from: Y3shot on March 10, 2024, 04:21:26 AM

Even bitcoin that has more value and very reliable can not make one to be rich. Expecting meme coin to make you become rich is impossible because meme coins are coin that are known to be very risky and most of them are scam project. Normally investing in memecoin is something that people shouldn't expect much from and dealing with meme coin it is advisable people invest only with little amount that they can afford to lose.

Yeah that's interesting advice but you cannot completely ignore the meme coins I mean they have made people millionaires. You can have examples of variety of meme coins like Pepe etc. People have invested in thousands of dollars and they got out of the market with millions of dollars. That's only I would say a 1 percent side of meme coin world.

The other side is very dark and it should also be looked up and considered while you invest into the meme coins. People have lost their whole portfolios in greed of getting rich by investing in meme coins and I agree with you that most of these projects are scams That's why it's more advised to stay away from them.

That's the point a lot of people don't understand. They need to know that investing in meme coins is like gambling with the money that is being used for the investment because the outcome is completely unknown and the chances of losing the money are higher than getting something out of it just like gambling where odds are stacked against you and the house usually win at the end of the day.

A lot of investors are investing their money in meme coins these days only because they have heard a lot of success stories about meme coin investors who became millionaires but they ignore the failure stories where a large percentage of people have lost their money due to such investments and that is a larger number than the number of people who got success.

redsun114

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Quote from: Silberman on April 15, 2024, 02:35:35 AM

Quote from: Tahid12 on April 12, 2024, 07:33:12 PM

I also know about that, i heard $12 worth of SHIB at that time, made lots of people millionaires. That was because eth ceo had burned massive amounts of shiba that which cause it pumped like a dream. So was bome, bonk and many others memecoins. Its true that crypto can make your dream come true and makes you millionaire within short time but nobody knows how or where to invest. Lots of memecoins are launching daily but most of them scam after some days. Keep buying memecoins for become millionaire, maybe a loss idea now. Millionaire is a complex case by memecoin nowadays

The title of the thread is a dead giveaway about the mentality of the OP, in their minds there is no doubt this is something they can achieve, and in fact it seems as if it is a complete given to them, but this is not correct, while there are investors which can become millionaires in a matter of weeks or months with meme coins, the likelihood of such outcome is so low that only a very small amount of investors will experiment something like that during their lives, and most of those that do, just got lucky and there is no way to replicate their results.

If others can achieve it then why can't we? Stories like this are not new anymore and many are also legit. Maybe if we keep on trying and then we team it up with hardwork on doing a research, we can increase our chances to be successful.

Meme coins won't boom like this if there are only a few people who are interested on them but maybe you are right that the rate at which one can get wealthy because of them are only tiny. Not that I am bitter with them but that's also a good thing because it makes them realized that there are also other cryptos which can be better than the meme coins in terms of stable growth and offers other functionalities.

VFalcon

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The easiest thing to do is to buy first, but that's almost impossible))). I'm resorting to a combination for now, buying a few potential memes and still staking TFS with a big APY. Maybe that way I can become a millionaire.

FanEagle

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You could become one very fast, start at 990k and be a millionaire in a minute. However, if your entire goal is to become rich thanks to meme projects then I am sorry but you are not going to be one of the few lucky people who could do that. I have seen a few people who did, I have seen some who invested very heavily during launchpad times as well, and got lucky and became very rich. But that doesn't mean that you are going to get rich like them, that was luck for them and they got lucky that's it.

I believe that most people will end up losing all their life savings on these silly stuff and they should stay away from them. I have warned everyone to stay away for years now, but because a very few people did get richer, everyone assumes it's possible.

God bless u

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Quote from: Y3shot on March 10, 2024, 04:21:26 AM

Even bitcoin that has more value and very reliable can not make one to be rich. Expecting meme coin to make you become rich is impossible because meme coins are coin that are known to be very risky and most of them are scam project. Normally investing in memecoin is something that people shouldn't expect much from and dealing with meme coin it is advisable people invest only with little amount that they can afford to lose.

Yeah that's interesting advice but you cannot completely ignore the meme coins I mean they have made people millionaires. You can have examples of variety of meme coins like Pepe etc. People have invested in thousands of dollars and they got out of the market with millions of dollars. That's only I would say a 1 percent side of meme coin world.

The other side is very dark and it should also be looked up and considered while you invest into the meme coins. People have lost their whole portfolios in greed of getting rich by investing in meme coins and I agree with you that most of these projects are scams That's why it's more advised to stay away from them.

Ivystar5

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This is the exact question I want to ask! I'm buying coins outside bitcoin but they're not going up instead dey reduce in value and leave my wallet with only figures.

How can I get a millionaire status with crypto because all the YouTube videos I watch are not working for me.

X-ray

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Quote from: Altcoiner007 on January 24, 2024, 02:03:48 PM

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It's still nothing compared to the a trade who purchased 8k USD worth shiba inu and he turned it into more than 5 billions USD.

Quote

The saga begins with a strategic move in 2020, when the trader initiated an $8,000 investment in Shiba Inu. Fast forward to October 2021, and the investment had skyrocketed to an astonishing $5.7 billion, marking an extraordinary 85-million-percent leap. This meteoric rise not only captured attention within the crypto community but also earned recognition as the “greatest trade of all time.”

https://watcher.guru/news/shiba-inu-investor-turns-8000-to-5-7-billion-heres-how

That trade has been marked as the greatest trade all time. To be honest, as long as you were picking the right token and it can change your life. It's obvious if we can turn ourselves to be millionaires as long as we are investing in the right meme tokens.

The question is now appearning in my mind, how can you avoid the scam meme tokens?

I know that even some people were spreading their money to the various tokens in order get the same result like what shiba traders did.

GxSTxV

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I have just received a message from a friend asking me to buy the you halving memecoin due to Bitcoin halving event, so this is going to be the answer for him as well; It's not about how fast someone can achieve the millionaire statu with a very small investment, but how lucky you need to be to buy into the coin with the highest percentage of growth early on. With thousands of meme coins launched everyday whenever something happens or trends emerge, people create these coins with random or funny names. The only notable feature of these coins is their low price due to the massive total supply compared to liquidity.
While it's good to have hope for a coin after reviewing its community and potential, finding one that will make you a millionaire just by investing a few bucks is as difficult as winning the lottery.

It's wiser to stick to safe and small investments with such coins, maybe participating in their airdrops from projects with reputable teams where they start listing on decent exchange platforms. In conclusion you need to be cautious about spending all your funds on useless scam coins as well.

JeffBrad12

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Quote from: tengui on March 10, 2024, 07:57:41 AM

The answer is yes, if you invest in the right meme coin. the problem is who can guess which meme coins will be hyped in the future?
and one more thing, if you want to be a millionaire you shouldn't invest in meme coins that are currently hype. This means you have to invest in meme coins that are not yet hype and have very cheap prices.

this is a thing called meme coin sniping and they usually requires much capital to just trying invest into the most random meme coin out there hoping that eventually it will get to the level where the market cap at least hitting hundred million dollars.
it might seems all fun and rainbow when we are talking about becoming millionaire from meme coin investment, what people usually forgets though that majority of people are losing money by buying at peak with these meme coin or investing in the wrong meme coin its just that they don't really trying to publish their losses, i remember just a few days ago if im not mistaken that someone lose their million of dollars just because he trade with high leverage on meme coin that is pepe coin and unfortunately lost all of their money in it because he didn't set cut lose.
such a thing should also be remembered for those that want to make money out of meme coin investment only invest what you can afford to lose.

terrific

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You have to be first and it's like a gamble that you're betting for something that you don't know what will happen.
I believe that those that gets the status of being millionaires through meme coins are firstly, the devs. The next one, the lucky investors that have been nothing but lucky all of their lives.

Silberman

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Quote from: Tahid12 on April 12, 2024, 07:33:12 PM

I also know about that, i heard $12 worth of SHIB at that time, made lots of people millionaires. That was because eth ceo had burned massive amounts of shiba that which cause it pumped like a dream. So was bome, bonk and many others memecoins. Its true that crypto can make your dream come true and makes you millionaire within short time but nobody knows how or where to invest. Lots of memecoins are launching daily but most of them scam after some days. Keep buying memecoins for become millionaire, maybe a loss idea now. Millionaire is a complex case by memecoin nowadays

The title of the thread is a dead giveaway about the mentality of the OP, in their minds there is no doubt this is something they can achieve, and in fact it seems as if it is a complete given to them, but this is not correct, while there are investors which can become millionaires in a matter of weeks or months with meme coins, the likelihood of such outcome is so low that only a very small amount of investors will experiment something like that during their lives, and most of those that do, just got lucky and there is no way to replicate their results.

Nazmul012

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It feels wonder when i heard about altcoin that make people millionaires and in reality, It is possible to get millionaire with memecoin, justs need to hit upon the right coin. Thats it. Recently i found memecoins that were launch in Solana network, most of them become very successful. Even bome, bonk is from them. Even You mentioned about WIF was also from solana chain, already listed on binance and already raise up higher. So what's your story op? It seems you are early investor of WIF, hope you made decent profit from that memecoin

Tahid12

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I also know about that, i heard $12 worth of SHIB at that time, made lots of people millionaires. That was because eth ceo had burned massive amounts of shiba that which cause it pumped like a dream. So was bome, bonk and many others memecoins. Its true that crypto can make your dream come true and makes you millionaire within short time but nobody knows how or where to invest. Lots of memecoins are launching daily but most of them scam after some days. Keep buying memecoins for become millionaire, maybe a loss idea now. Millionaire is a complex case by memecoin nowadays

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