How fast can one achieve Crypto millionaire status with meme coin? - page 5.

Iamcrypticguy

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Quote from: CK485 on January 24, 2024, 06:53:41 PM

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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 takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

It's about timing, community support, and exposure. OP mentioned WIF, and after some digging, it looks promising. Judging by the ecosystem, exposure from centralized exchanges, market sentiment, etc., oh, and it takes patience too, like you said.

Altcoiner007

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Quote from: CK485 on January 24, 2024, 06:53:41 PM

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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 takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

Very true. Often I have had to sell off at 2x profit and at best 10X profit. Which I hope to learn better strategies to manage risk and still also manage the emotion for long term hold.

moneystery

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investing in meme coins is like betting on the lottery. you won't be able to say when someone will become a millionaire when they play the lottery, because it's not determined by how much they bet but how lucky they are. and like that investing in meme coins, because this coin is very dependent on market speculation meaning you don't know when someone can become a millionaire or become a beggar when they invest in this type of coin. everyone can only guess without knowing the direction of this token so they just hope that luck will be on their side.

Altcoiner007

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Quote from: oktana on January 24, 2024, 06:01:00 PM

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.

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

I appreciate your research effort and the effort to do the math. I'm glad you realized that $11 could make for an investors a little above 1.5M. No exaggeration but you see it for yourself. The thing is, Seeing the potential, one could afford to invest more at certain time. Have you checked out WIF I mentioned in my post. I bought a little on Bitget but was thinking to do more. Let me have your quick input.

AnonBitCoiner

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Shiba has provided greater profit to its holders but we cannot say that Meme coins are all worthy all the time and putting less amount in meme coins will not make you Millionaire but more money will be needed for getting large profit. IT is also not gurnateed that if you put large sum of money then you will surely get profit but most of the time meme coins get reduces in value and become a reason of your defeat.

It depends on the market situation that when you will get profit from meme coin investment, sometimes people win big prizes early because of early increase but sometimes meme coins show no increase in price therefore meme coins are like a lottery.

Wildwest

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Many people dream of becoming a millionaire with meme coins, but not many people dare to take the risk by buying new meme coins.

The dream of everyone in crypto is to become a millionaire after I saw several meme coins that appeared, only a few of them survived, so if you want to buy coins, look and study their movements first.

bluebit25

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I think the analogy with gambling, and imagine how unexpected lottery tickets are, is similar to memecoin, you buy it and after a while come back and see the address holding a huge amount of assets giant. And that is just the dreamy imagination of people who do not like reality. Among thousands of memecoin cryptocurrencies we only see about 10 cryptocurrencies that stand out, similar competition with very large and diverse proportions. Partly the form of investment in this field comes from hype and FOMO. As in the case of Dogecoin, the story would fall apart if Elon criticized it, but Elon's support has brought about an atmosphere about memecoin that has lasted to the present and beyond. I have faith in the fact that there is no such thing. Which memecoin is perfect for talking about technology? It's better to look at how the community is paying attention to it and how scam it is.

fapar

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Quote from: Altcoiner007 on January 24, 2024, 03:06:28 PM

Quote from: fapar on January 24, 2024, 02:58:36 PM

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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?

This is FOMO. You evaluate this information in retrospect. If the same Shiba Inu had failed, then today no one would remember about him and would not use him as an example. Memecoins are like any other cryptocurrency when it comes to getting rich. However, this does not prevent us from overestimating the real significance of memecoins. For example, the Avalanche Foundation is starting to buy certain memecoins.

Now you just brought in a vital contribution that help in determining which Memecoin or any coin to buy. If one gets lucky to buy a Particular meme coin before Avalanche foundation buys same taken, I can assure you those who bought earlier would have made profit. That's like buying From before Elon tweets about it... You must have positioned yourself to profit from Memecoin. Is there a way to know which coin Avalanche foundation has on their watchlist? Do share if you've got an idea.

No, I do not invest in memecoins and sometimes trade classic altcoins. As for the Avalanche Foundation, they do have certain requirements for the memecoins in which they plan to invest. The main requirement is that such a memecoin must be created only on the Avalanche blockchain. And you can familiarize yourself with the remaining criteria, for example, in this article https://www.coindesk.com/markets/2024/01/23/avalanche-foundation-puts-rules-on-plans-to-buy-meme-coins/
It is quite easy to predict which memecoin they will buy (we already know the requirements for memecoin) and at the same time difficult (we need to find such a memecoin ourselves and get it).

adzino

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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?

Dreaming of being a millionaire with the help of meme coins is not something that is actually going to happen for most of the people in the world. Sure, we hear about those lucky few who hits the jackpot, but for most people, it's a losing game. Most meme coins are just pump and dump schemes, where the only people who really win are the devs or their friends who get in super early and knows when to leave. Let's get real here, the odds of striking it rich with these coins are super slim. Most people who jump in the hype end up losing most of their investment. It's a high-risk game, and honestly, not worth it for the average crypto investor. You will need to have to invest in lots of coins to find that "special" meme coins. Investing in well known coin is the smartest move in the long run.

camilocollin6

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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?

In my opinion meme tokens often gain popularity due to social media trends and community engagement.Some meme tokens that were popular at the time included Dogecoin (DOGE), Shiba Inu (SHIB), and SafeMoon (SAFEMOON).However, the cryptocurrency market is extremely volatile, and the popularity of meme tokens can change quickly. It is essential to do your own research and consider the risks before investing in any cryptocurrency, especially when it comes to meme tokens. In the near future, like this meme token, the probability of becoming a millionaire by investing an amount equal to $11 worth in meme token is very low, 0.001%, but hope is everyone's personal freedom, in that case, there is a matter of luck.

Bureau

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Quote from: radjie on January 24, 2024, 10:44:19 PM

It is not certain whether Meme coins will last a long time or die instantly, because more people lose a lot of money in a short time than people who are lucky enough to become millionaires because they chose the right Meme coin. All because of luck, many Meme coins are popping up nowadays, It is clearly confusing to most people why so many Meme coins are created by developers so many are still hesitant to invest in meme coins.

It has been three years and nothing has happened to memecoin. The hype is still on and growing with a lot of investors investing in new coins every day to become millionaires. I am not sure how many investors have become rich after investing in meme coins, what I know is that developers have become rich and they will keep creating more unless the hype goes away. Next bull run we will see a lot of new coins will be launched and people will again go an invest in them.

Pi-network314159

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Quote from: Mate2237 on January 24, 2024, 02:31:37 PM

It is not easy to become na millionaire with meme coins. And the only coin that one can make profits very well and become millionaire now is Ethereum and if the person was among the first investors in the project because the coin is still roaming around at the rate of the $2k+. And the way meme coins are entering the market is getting out of hand. Now how possible is this story is $11.87 to become a millionaire a year. Or the person became the millionaire in a dream? All these are fabricated stories. I really don't believe that.

Do you really think one can make millions from ETH? Because as far I know ETH is very expensive to afford compeard to the shiba he is referring to. Before you could make millions from ETH you must have bought 3,5 or 5 ETH above before you could make millions in fiat not in dollars. Because according to his explanation he said investment of $11.87 to become a millionaire a year, and it's not possible for such to also happen to ETH. because etherium is not like shitcoin you would use little amount and buy in millions.

deathcode

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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?

crypto is not a get-rich-quick investment scheme. Memecoin's success in creating hype in the market may motivate many new investors to believe in memecoin more than Bitcoin and other potential Altcoins.
it can grow quickly, but conversely, it can also disappear quickly. memecoins can't be very consistent. If you want to invest in memecoins, you may have to spend a lot of time researching. and don't expect too much from memecoin. although lately, we have seen a lot of new memecoins that get a short hype in the market and provide profits for their holders.

Strongkored

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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?

I didn't count how many zeros after the comma were in the Shiba Inu price at the beginning and with $11.87 of course you can make more money now, but will it make your millioners? I think not, because it's just a calculation on paper, usually the holder will struggle with greed to sell or keep it and usually will lose and prefer to keep it and the value continues to fall until now, the zero after the comma goes up again Wink

The people who became rich because of this coin were the developers and more of them actually lost a lot because they entered this coin during the hype without realizing that the trend had declined and lost even more because they were reluctant to cut losses because they thought that in the next bullish period the price would recover.
No one can predict how quickly you can become a millionaire from memecoin other than predicting how quickly you will become bankrupt because it is more likely that you will lose assets in coins like this than profit.

radjie

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It is not certain whether Meme coins will last a long time or die instantly, because more people lose a lot of money in a short time than people who are lucky enough to become millionaires because they chose the right Meme coin. All because of luck, many Meme coins are popping up nowadays, It is clearly confusing to most people why so many Meme coins are created by developers so many are still hesitant to invest in meme coins.

Tipstar

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Meme coins are hit and miss. But for people who have an eye for coins that last a few more pumps and dumps it could make them a millionaire quiet fast.
Provided the meme coin increases by 1000 times than what a investor bought in with $1000, you are already a millionaire and it can happen in a matter of week.
But no one can be sure about the ultimate meme coin and might just have loss on multiple of coins. Investing on meme coins are more like a gamble than an investment.
The people that can still profit from the volatility of the meme coins are traders who follow technical signals and put profit taking points and stop loss effectively.

Adreman23

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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?

Most memecoins have a very high token supply. So, if you buy early, like Shiba Inu at $11.87, you get a substantial amount of tokens. This is how people become millionaires because their investment multiplies due to the large token supply.

If you have some capital, you might consider investing $11 USD in each memecoin you like in the early stages. It's challenging to predict which memecoin will trend next, so holding a variety increases your chances of getting lucky with at least one. This is just my opinion and not financial advice since im not an expert.

JeffBrad12

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its completely random chance to get suddenly rich from meme coin to be fair, instead of too focused on the fact that some people become millionaire from measly $11 you should also try to look how much people try to repeat history by investing in some random meme coin and the amount of meme coin out there is actually millions being, its being created everyday by large amount and you could imagine that putting money in some of these meme for the chance of making it big will definitely give you slim chance to become crypto millionaire.
the thing with the shiba investors back then even them has no idea.
i mean yes it was pretty fast as you mentioned only a year and a half and someone already become millionaire but also look at the fact that its not everyday occurrence there are chances that you will lose your money instead of becoming millionaire with these meme coins.

CK485

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

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

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 takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

Dr.Bitcoin_Strange

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

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

Luckily, you will have crypto-dollar millionaire status with meme coins. This is nothing that can be determined by anyone here unless you are only talking about a millionaire holding a huge number of those altcoins, but if you are referring to becoming a millionaire in dollars, the time frame to achieve such success is not certain.

There is every possibility that if you buy 50 million Shiba Inu coins, you are a millionaire in Shiba Inu, and if you also buy 1 billion Doge coins, you are a billionaire in Doge Coin, but the possibility of those meme coins growing in value and offering you a billion dollars in profit is what is so uncertain.

There are chances that it can definitely pump and become so profitable for you, but the date and time cannot be determineddetermined by anyone.

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