Topic: How fast can one achieve Crypto millionaire status with meme coin? - page 3. (Read 1119 times)

It is very difficult to be able to repeat something like that, and that is an exception that is only due to chance, and I agree that the probability of being able to get something like that is very high, and one in a million is to give an example that seems very unlikely to happen again.only relying on tweets and his followers believe in that and raise prices quickly but then those who speculate to buy because of influence, actually experience losses because the time has disappeared.No, and don't rely on meme coins because it is not and is very difficult to place meme coins as a reliable investment.

If you mean boom meme coins like it was with dogi coin, then I think it was a one in a million chance. Its price tag was raised by a well-known person with the help of his tweets, but this did not last long, the same with other meme coins, it is impossible to predict such a price boom, because there is no technology or in-depth analysis, it is purely hype.

Yes indeed we can easily become millionaires with the meme coin if we have enough money then both losses and gains are balanced if you have enough for investment. If there is such a quantity then whoever is going to buy meme coin before listing it is not yet in the market, then the person should invest in it, because I have seen it myself that it often goes 100x.

The most trendable coin we saw a doge coin how many people take profit from this as well as shiba innu. But these all done with trends and news. Now a day's market condition is good but we didn't see the growth in such coins because no trends no news

I believe memecoin become viral mostlikely because of their profit and the most profitable crypto in all time is memecoin for example shiba and dogecoin.
That's why back in time many people hunt them but now, we don't even know it will be back or not

There are very few people who have become millionaires by investing in meme coin. I don't really like investing in meme coin because it is very difficult to make a profit by investing in meme coin. I don't know if anyone has ever made a profit by investing in meme coin.  If we invest in altcoins instead of investing in them, it can bring profit for us.

It's true that there are people who have become millionaires because of memecoins, but that's just luck, in my opinion, that's the same as gambling. Buying memecoins is the same as wanting to get rich quickly. You need to remember that buying memecoins if you make a profit makes us make very high profits, but if we lose, our money can run out or have no value. What's more, instead of relying on buying memecoins, it's better if you buy altcoins like eth solana and others, investing in memecoins is the same as gambling, I think
do you agree with my opinion?

Yes you can but the problem is finding the right meme coin that will give astronomical profit. Attaining this achievement requires extremely luck if you are just a normal trader because there’s bunch of meme coin exist and most of them are scam. So it’s like gambling on a x1000xxxx winning chance rate since investing on scam is already equivalent to immediate loss.

I believe meme coin investment is only profitable if you have an insider info about certain project that will give you advance call and can guarantee legitimacy of the meme coin. Without this, you are just gambling with meme coin.

Talking about how fast some one achieving crypto millionaire with investing in meme coin depend on how much your capital investment and which one meme coins your investment. Actually I don't sure with some one easily to be millionaire with meme coins depend on diamond hand or not, when meme coin up 100% actually many people won't loss opportunity for selling and not have ideas waiting with meme coin price pump drastically more than 1000% until 5000%.
Shiba inu coins is the real show us how many millionaire success, first they have huge amount investment and then keep diamond hand although siba price up still waiting another drastically pumping price before selling it.

Depends on the market and your capital as well. With capital or the amount you will invest, then obviously the larger amount brings bigger profit. And with market conditions, and as we all know how the market price of meme tokens move, most of the time it is just relative to major coins' price direction. Not all meme token especially new ones, are successful upon their release to exchanges.  We are just currently thrilled because there are many meme tokens lately which had a price break out but since we are in this crypto industry wherein no certainty is present as well as consistency with price directions, then it would be wrong to assume that climbing the million profit mark would be easy. Have a wrong entry and you'd be squeezed in deep loss. Never be too confident.

Remember what happened with SHIBA?  It should be a enough warning to investors who are too confident of meme tokens. These coins are mostly carried by hype alone and whale manipulation. If you know how to ride the tide then that would be fine. It is also unnecessary to focus only with the profit goal; be mindful always with the risk present. Volatility itself speaks for that risk.
Eitherway will not bring you guarantee of profit and if you are here for years, you'd know things won't always be in accordance with our expectations. Price charts are  good indicator and investing to potential alone will still be some sort of a gamble.

I think the possibility is there, but not everyone gets that opportunity, maybe only 10 out of thousands or hundreds of thousands of people.
It's different if you buy a coin that has potential and is recognized, many people can become rich but not in a short time like memecoin.

I totally agree with what you are talking about, indeed in the world of investment, in my opinion, it also follows the direction of hockey, because what when other people are lucky to invest and require a little time, after we try sometimes it is much different from what people talk about, back again if our hockey is good, we will be lucky, but if our hockey is not good it is already a risk.

Well i don't see the point what you said. People just want to hear how many x do they get, they don't care what is your story telling is

Basically you are right but people are trying to be right, they will keep their mouths shut when they are wrong and they don't want to talk about it.
But when they right, they will talk about it all day

I do not think how long is the right question here because no one truly knows when a coin will sky rocket but what are the chances of a memecoin turning you into a millionaire? I would say pretty low as most of memecoins do not get past the pump and dump stage they never recover and never get a new ath some of them even just die

If you get early in on enough of a new coin then it might take you as short as a year depending on when did the coin started gaining value it is a must that you keep your eyes peeled for new projects and try to see which ones seem to be most profitable or have the most potential

Meme coins are altcoins and altcoins are quite risky. The thing is, you never know which altcoin would pump next nor the one that is going to dump, it is basically all about luck and that is why many people refer to altcoin investments as gambling. Having said that, if you think you can get rich by buying meme coins, then go ahead and see what happens, but mind you that no cryptocurrency is a get rich quick scheme, for coins like Bitcoin that has a use case, it can fall in price, but you are pretty sure that because of its utility it will rise again, but you cannot say the same for majority of altcoins, and that's why buying them is more risky.

The devs are even luckier if a whale picks up their coin for manipulation but there are also lucky investors who can get on time before the coin dies. These are the ones that can try again and may only stop once they already experience a massive loss.

Yes, there are lots of these coins now, so that can actually mean that investors has more chance to earn and get rich than ever. There are no such thing as good meme coins, but maybe if they are like the coins that we talk about earlier, that classifies them as one, and also if they will remain to get listed and had some nice liquidity like on what we saw with Dogecoin and Shiba inu.

If you know what you are doing - not a very long to be a crypto millionaire. If you have been following the solana meme season you would see that bonkcoin managed to make some people millionaire for being such strong supporters and beliers of the project. Most people who got the bonk airdrop sold early but the few who hold got rewarded.
Another memcoin on sol is wif, this memecoin also made lots of investors rich if not millionaires too. The point is, once you are able to identify a good memecoin to hold and ride it to the top, you will happy with your decission.

It is interesting to read how many people read and comment on this tread. i see alot of viewpoint how people response about memecoin.
however i wanna share my simple though about how to read memecoin season.
Just to take a look at dogecoin performance
https://coinmarketcap.com/currencies/dogecoin/
So we can see the big picture about meme

The thing with Memes is that there's always that element of not knowing when it will cast and disappear with the wind. Otherwise, memes are a sure way of flipping small capital. The $11.8 investment in Shib that turned millions is achievable but that will be with those who got in early and refused to sell off too early. I'm not sure there are those who kept that long, except they momentarily forgot they once bought and then had to quickly rush to sell off.

In 2021 when memes got on the trend, there was a memetoken (Moonrat or Safemoon, I can't remember again) that I invested less than $100 that turned >$5,000 but greed set in and I was hoping it would hit at least $10k. But of course, we know how these things end. I lost a better part of that profit before I sold off in regret and moved on. I learned a valuable lesson from that.

We could all become millionaires, but if God hasn't given us it won't happen, but we as humans can only try. I keep trying to analyze new coins from various trending categories, but I still don't have the strong confidence to jump straight in as an early investor in new coins, I prefer the top altcoins to avoid that doubt

I can see that the meme coin "WIF" really do have the potential of doing far better due to its low market cap of 998 millions, but other meme coins which I see to do well better (i.e base on how much increase it has got within the past 1yr) and has the potential of going 100x to 1000x within the next 2 to 3yrs also include "Pepe, Bonk and Floki" as both "Pepe & Bonk" already has a proven record of haven gone 1000x, and likely to do so again and again.