Topic: How fast can one achieve Crypto millionaire status with meme coin? - page 6. (Read 1119 times)

The truth is no of us here knows which altcoin is gonna pump next.

To be sincere I'm still amazed on the $11+ that turn in to millions and I saw such thing before but it was not just in a year but I took some time before it skyrocketed and that coin was the CRO token, some bought with around $50 dollar and now his a billionaire.

Another truth is meme coins are very quick to rise and are so quick to fall too, and if you most know the investor that made such huge profit must have been losing in other meme coins before and this i guess was on lucky chance for him since all this seems to be a gamble.

Meme coins have the potential for quick gains so you should know the right timing to get in and out, most of them are not sustainable and have no potential for long-term growth and I agree that their success is unpredictable. Not every meme coin will skyrocket and most of them disappear quickly. It’s just like gambling, only invest what you can afford to lose. Yeah, some investors have achieved significant returns with Shiba Inu, but this is a rare case. Capitalizing on early hype before market cap explodes.

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.

The truth about memecoins is that it depends heavily on how lucky you are. Luck will help to position you in the right meme coin at the right time. It's not rocket science, or complex maths — just good old luck. Because these are tokens that have zero to no utility and are borne only out of the sheer desperation of people to engage in a pump and dump. If it pumps and more people hold than sell off then with some luck, it might end up being profitable.

I haven't done the math but the ratio of memecoins that can pull those Shiba Inu and Pepe moves to those that failed horribly would be as high as 1:500.

People need to be extremely lucky to get something like this. Shiba inu was a really shocking phenomenon, and don't think we will see growth like this in such a short time ever again. I am surprised to see people still looking for another meme project that can rally like shiba inu or doge when there are lots of new utility-focused projects emerging in the market. Layer 2, modular blockchain, SVM based project, AI, Big data, LSD protocols are booming the market and still there are people who are looking for meme projects!

Yeah, some dose of luck is needed but I just mentioned above, luck isn't all that's needed. It's learning to position, take advantage of early information at your disposal and you'll have an edge over those who don't. Like I mentioned, imagine buying just $30 worth of token at its 2k market cap. and just after that, Elon tweets about it or some of the key influencers begin to talk about it so much so that the token move to 10 mil market cap. That's just how these tokens work. Early entry. So one with need timely info along with some luck!

I would bet everything i have against that you would be millionaire with meme tokens. Do you realize the irony that how many of them are born every day, and still you can pick only 3 success stories as examples, Changes finding that winning token, that brings you profit are resembling changes in lottery

Sure, there's a change that you can be millionaire, just like there's a change winning powerball jackpot. There's a change for everything. It's just that your changes are very low. And more people like you are investing to them, it's another 10k new tokens launched daily, because people are pooring money into them like they would be buying lottery tickets. But it's your money, do as you wish. Who am i to take away dreams. But if you asked for genuine opinions, this was one.

They are like the lottery and that story isn't new and that's why many people are now investing heavily in meme coins thinking that it's going to be their ticket to riches. It's actually requires you luck and let it be if the meme coin you've chosen becomes popular and had a huge volume immediately. With all of the known meme coins that had made a lot of people wealthy or just actually few of them but didn't published most of them, it's very risky if that's your thinking about them.

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.

Yes, they're risky, which I mentioned. And you're right, the issue is always in knowing which one will skyrocket. A friend shared a strategy which I am trying to implement. When he finds a Memecoin spoken about my trusted influencers at their very early stage, sometimes below 10k Market cap, he checked out the token community and plans of listing in an exchange. He'll then throws in some amount he could afford to lose. That's like skipping lunch and investing that amount ( e.g $5 to $20). Then watch it. It's not an easy approach, but it's do-able. Let's say that flips 100X afterwards. You see how it goes?

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.

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.

That means the meme coin is growing faster than bitcoin itself. This stories are to lure people to invest on those coins which I will never fall for them.

High expectation. Memecoins are risky. There are huge numbers of memecoins in cryoto market, keep launching everyday & keep disappearing within short time too. Only based on Doge & shiba history, it isn't fair to imagine about become millionaire with memecoin. But everytime only $11.87 won't makes anyone millionaire. Even you Still don't know which one will ne skyrocket. But pepe, bonk noth suppose to be good for memecoin investment. If they pump 100x, then you still need $10k for become millionaire. But time is unknown. Maybe after 5years or maybe never. It's complex

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.

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?