How fast can one achieve Crypto millionaire status with meme coin? - page 2.

X-ray

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Quote from: Altcoiner007 on January 24, 2024, 01:03:48 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.

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Quote from: tengui on March 10, 2024, 06:57:41 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.

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Quote from: Tahid12 on April 12, 2024, 06:33:12 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.

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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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Quote from: AnonBitCoiner on March 29, 2024, 05:36:49 AM

Quote from: Nothingtodo on March 26, 2024, 09:57:07 PM

Shiba Inu, pepe, Bonk, WIF All these meme coins have made many millionaires this year. Those who bought memecoins in the bloody market in 2022 have received thousands of times the profit from all those memecoins this year. If someone had invested 1000 dollars in all these coins at that time, he would have made a profit of millions of dollars this year.

Exactly all those have gained huge profit from meme coins who invested during bear season when every coin was in dip therefore it is necessary to buy coins when the price was lower but many people don't take such risk and in future they feel sad for their deeds.

In my opinion it is not suggested to put money in meme coins when the price become higher because they are already risky so investment in increasing price become more risky. Currently most of Meme coins have attained huge gain so one can easily get their rewards who invested earlier.

Making money in the crypto market is possible but we have to be prepared to wait and try to make money from the market and this is dependent on how much we are using to trade in the market. There are millionaires already in the crypto market planning to gain opportunity to make more money so that they could hit the level of a billionaire. Everything is possible as we need to work towards it buy investing in new projects at presales and buying less expensive tokens to hold for the bull. This is a matter of time and we need to fully ready for it with patience when investing.

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Quote from: Nothingtodo on March 26, 2024, 09:57:07 PM

Shiba Inu, pepe, Bonk, WIF All these meme coins have made many millionaires this year. Those who bought memecoins in the bloody market in 2022 have received thousands of times the profit from all those memecoins this year. If someone had invested 1000 dollars in all these coins at that time, he would have made a profit of millions of dollars this year.

Exactly all those have gained huge profit from meme coins who invested during bear season when every coin was in dip therefore it is necessary to buy coins when the price was lower but many people don't take such risk and in future they feel sad for their deeds.

In my opinion it is not suggested to put money in meme coins when the price become higher because they are already risky so investment in increasing price become more risky. Currently most of Meme coins have attained huge gain so one can easily get their rewards who invested earlier.

Nothingtodo

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Shiba Inu, pepe, Bonk, WIF All these meme coins have made many millionaires this year. Those who bought memecoins in the bloody market in 2022 have received thousands of times the profit from all those memecoins this year. If someone had invested 1000 dollars in all these coins at that time, he would have made a profit of millions of dollars this year.

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Quote from: Altcoiner007 on January 24, 2024, 01:03:48 PM

Can we truly become Millionaires with meme coins?

It's possible, but highly unlikely. The vast majority of people investing in meme coins lose money, or make modest profits that are nowhere near life-changing amounts. While a few early adopters of specific coins have seen ridiculous gains, they are outliers of an exceptionally risky investment strategy.
If you're exploring meme coins, do so with extreme caution. Only invest what you absolutely can afford to lose, do your research, and never let the potential for "becoming a millionaire" cloud your judgment.

Jonyshake71

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Depends on fund. If anyone invest $0.1 million then maybe Memecoin can make him millionaire within a day by pumping itself 10x. Or we know the story of shiba inu! Investor bought $17 worth shiba and it turned into million maybe within some months. If anyone invested 17k$ then maybe he could gain billionaire status! Well come to reality! Thousands of memecoins are here, nobody knows anything. No roadmap, no sign or indication. Don't hope too much otherwise you'll keep losing continuely

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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.

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Alt coins have no guarantees. It is not possible to say anything specific about it. But getting rich overnight by investing in altcoins is ridiculous. Al-Coin prices have also seen an uptick along with Bitcoin after the recent erratic run. Like memes, the price of Shivaay Nu has also been seen increasing. Investing during this period may bring you some good returns but it is not going to make you a lot of money very quickly. And it might be foolish to expect that. Investing a lot of money in altcoins without checking it can be a stupid reason to watch the price of altcoins increase.

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I can't afford to invest an amount that is not affordable for me to loose in Memecoins nomatter how lucrative he project may look like.
Yes I agree that of you if one must achieve a millionaire status while investing on the Memecoins then the Investor must also be a millionaire or a thousandnaire because you must have to invest such a huge amount of fund after market analysis and knowing that the market would rocket to the moon in a close time and I'm sure the Investor wouldn't have to keep an eye off from monitoring the markets else as long Memecoins is concerned, there's a potential risk to loose it all after a great rise in the market.

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Quote from: goaldigger on February 17, 2024, 01:55:25 PM

It can happen over night, within a week or even a month considering the hype is there and the capital is huge.
We know that meme tokens are unpredictable and being manipulated, you’re lucky enough if you are able to buy and then later on it pumps but its very rate to see meme token pumps that much. Don’t expect to become a millionaire if you only invest $100 with the meme token, because it may never happen to you.

Memecoins can do both the pump and dump within some few hours, we never just know and invest blindly. It's not rare to see memecoins pumps, I think they are most of crypto investment that has the highest one time pump, just little buy can make a person a millionaire, it's unpredictable.

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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.

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Quote from: electronicash on January 24, 2024, 01:51:35 PM

wow $11.87 turned millions in a year. the investor must have been the first among those who bought SHIB while it was in its early listing.

nothing wrong with being hopeful but you may spend more than $11.87 to make millions. the ones that had rocketed already a few weeks ago was BONK. people don't know about it until the price is already up there. if $11 can make you own billions of it, it must be a good buy and wait.

This is very rare and for me I don't think this is even posible. We need to know what we read and try to comprehend it well so that we don't end reading and writing what we don't know. The crypto market has it own way of compensating us if we hold the right crypto project. I have never seen the possibility of turning $11 into millions. The possibility of this is not there, maybe this is just hype and nothing more.
It is good for op to through more light so that we could understand more.

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It can happen over night, within a week or even a month considering the hype is there and the capital is huge.
We know that meme tokens are unpredictable and being manipulated, you’re lucky enough if you are able to buy and then later on it pumps but its very rate to see meme token pumps that much. Don’t expect to become a millionaire if you only invest $100 with the meme token, because it may never happen to you.

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Depends on how well you would ride the tide. We all know that meme tokens are so volatile and won't continuously and consistently increase. Most of times, its market price only increases due to whale manipulation and when there is an uprise price direction with major tokens. This only means that earning huge profit from it won't be easily achieved even if you will increase your capital 'coz the bigger your capital is, the larger your loss could occur as well. You could more achieve this by major token buy low and sell high strategy. Major tokens such as Bitcoin and Ethereum are ones having biggest chances for a price increase over other coins.

Quote from: LastKiss on February 17, 2024, 11:02:25 AM

Quote from: Altcoiner007 on January 24, 2024, 01:03:48 PM

~snip~. 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?

Well, meme coin uptrend won't last long unlike Bitcoin or another altcoins, mostly meme coins full of manipulation and become exit liquidity in the end. Someone may become a millionaire just in few days with meme coin by investing in the correct one but it's very rare, we should know the risk because it can give you tons of money and it can vanish your money in a day. If you think meme coin that you just found is good with a strong community just invest in there for a short term don't for the long term because most meme coin will fall down when the hype ends.

Yes, most of the time increase is not reaching 10% or above, and decline always follows. Also, it will still depend on your risk tolerance and amount you will invest. If you are just using below $1k, then it will be a long run to reach such desired profit. Short term investments are ones which could generate bigger profit however, those are the ones which cause larger loss as well.

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Quote from: Altcoiner007 on January 24, 2024, 01:03:48 PM

~snip~. 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?

Well, meme coin uptrend won't last long unlike Bitcoin or another altcoins, mostly meme coins full of manipulation and become exit liquidity in the end. Someone may become a millionaire just in few days with meme coin by investing in the correct one but it's very rare, we should know the risk because it can give you tons of money and it can vanish your money in a day. If you think meme coin that you just found is good with a strong community just invest in there for a short term don't for the long term because most meme coin will fall down when the hype ends.

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