Meme coins are not always bad, if we can analyze them well, then we can buy at the right time and sell them before the dump. Then of course
we can make big profits from meme coins. Not only you lucky and can smile because you get profit from meme coins. But I'm sure there are other
people who are also lucky enough to make a profit from meme coins. The problem is that more people suffer losses when investing in meme coins.
So I'm one of those people who don't recommend investing in meme coins, the risk is very high, investing in pump and dump coins such as
meme coins. Especially for newbies who are interested in buying meme coins because they are influenced by influencers, it is clear that there will be
losses due to lack of knowledge.
Topic: Is it just luck - page 2. (Read 684 times)
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
It doesn’t really matter if it was luck or not, you did well& that’s all that matters. What I would say is coins like SHIB might not be guaranteed to do well long term so if you’ve made huge profits on less well known coins it might be a good idea to convert large % of those profits into bitcoin.
I am in favor of the fact that there are coins that are not worth the effort, but there are people who see potential, buy it and take advantage of it when it goes up, and that is not just luck, it is knowing when to buy to take advantage of the pump, I have a friend that he trades only with the pumps that appear more than anything on Binance, and he learned many tricks, such as determining when to buy and when not, of course he has flaws, when the market is bearish he usually loses very often, but he knows how to take advantage of the moment and he has that talent to see when a currency will rise.
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
Yes it luck because 99% of memecoin proved scam or now trading very low. Shiba success was Binance listing and proved best memecoin in meme trend. I also made big profit in safemoon and safemar but Thanks God i sold at time.Now meme trend is over and we cannot expect big Like Doge,Shiba,Safemoon,Safemar
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It's still luck. Meme coins aren't even worth the risk. My colleagues all quit in these meme coins 2 years ago and turned to NFTs now as it is well hyped more than these meme coins. It's more worth of a risk to just go for the top 5 coins in the market, although I can still recall Dogecoins making it through the top coins. Depending on hype by a certain celebrity, it's still risky. Maybe another tweet of Elon Musk wouldn't trigger a hype. It's a "walking in an eggshell" situation. 
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
It doesn’t really matter if it was luck or not, you did well& that’s all that matters. What I would say is coins like SHIB might not be guaranteed to do well long term so if you’ve made huge profits on less well known coins it might be a good idea to convert large % of those profits into bitcoin.
Fortune can enter at the beginning with the opening price, of course if you look at the current price it must have a very extraordinary advantage. Very lucky you can read the right moment by deciding to join memecoin, surely you wouldn't think that now the coin is already famous and the price has soared
luck could be the sole reason you are making it big in investing in all these shitcoins and memecoins although I honestly wouldn’t say that you are investing but just gambling your money in these shitcoins.
you are making good profit from these shitcoins because these shitcoins are rather volatile if compared with other form of investment and they usually depends heavily in the market mood and the current market trends.
but you should remember if you are making good profit from the volatility nature of these shitcoins you could also be losing massively in this volatile nature of shitcoins, just be prepared because you couldn’t always profit forever from gambling and the market of shitcoins itself usually being manipulated heavily.
you are making good profit from these shitcoins because these shitcoins are rather volatile if compared with other form of investment and they usually depends heavily in the market mood and the current market trends.
but you should remember if you are making good profit from the volatility nature of these shitcoins you could also be losing massively in this volatile nature of shitcoins, just be prepared because you couldn’t always profit forever from gambling and the market of shitcoins itself usually being manipulated heavily.
You could make a profit with any coin or token in the short term, but that is not really an indication that the token you bought is a great one. Just because it is profitable to some people doesn't make it a fundamentally solid coin or token. Shiba is a great profit maker to all people who bought it early, would it still be a great one after 10 years? Of course not. Same people made a profit from XRP and BCH and BSV as well, where are those coins and tokens now?
Nowhere where they used to be. Which is the same thing for doge and Shiba as well, it could be profitable for now, but you wouldn't (or shouldn't) hold it for 10 years and that is why it is mocked.
Nowhere where they used to be. Which is the same thing for doge and Shiba as well, it could be profitable for now, but you wouldn't (or shouldn't) hold it for 10 years and that is why it is mocked.
I think Shiba inu is an exception to the rule, now there are just a lot of meme coins, and it's hard to find such success as Shiba inu, many just want to earn meme coins on the hype, but in fact, such coins do not carry any technological breakthrough, I would invest in such projects with caution.
The success behind every crypto story is the teamwork, whether the project is a meme coin or not it depends on how good the team and developers are, there are few projects with less demanding use case that are doing so well today. 
Well lucky for you that you made profit with meme coins because some of them were not increasing anymore. You know not all meme coins are profitable because many of them are failure and also many are scams.. If you keep investing in meme coins I'm pretty sure that you will lose more than earning profit with it.
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
I'm afraid I have to call it luck, some people have been lucky with their timing of altcoin investments and it has fetched them good ROI, but many more people have been left with dumped coins after quite a lot of this shitcoins dumped right after pumping, it just basically goes down to when you invest. People call them shitcoins not cause they do not give a few people good returns, but because there are so many new coins and it's so hard to know that which is good, also cause they are pump and dump coins that only last for the short period. But having said that, if you believe in the projects you invest in, you can go on putting your money there, but try not to invest more than you can afford to lose.before joining and investing in a project it is very important to do some research,
what is clear is that crypto is very risky, even the slightest mistake can make us lose money
Is not luck. You are not alone on this. Most OGs who are always too careful with their investment, often miss out on opportunities like this to invest in shitcoin, because they feel those projects have no use cases. Like they say, 'invest when others are scared'.
you are very lucky. congratulation for you. 
very rarely do people benefit from shitcoins or meme coins. of the many people i know, they always blaspheme meme coins or shitcoins with the excuse that they have lost a lot. i salute you for daring to enter early with a very big risk.
i think you are crazy,
but you are a lucky investor. i hope your luck doesn't run out 
very rarely do people benefit from shitcoins or meme coins. of the many people i know, they always blaspheme meme coins or shitcoins with the excuse that they have lost a lot. i salute you for daring to enter early with a very big risk.
i think you are crazy,
but you are a lucky investor. i hope your luck doesn't run out 
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
I'm afraid I have to call it luck, some people have been lucky with their timing of altcoin investments and it has fetched them good ROI, but many more people have been left with dumped coins after quite a lot of this shitcoins dumped right after pumping, it just basically goes down to when you invest. People call them shitcoins not cause they do not give a few people good returns, but because there are so many new coins and it's so hard to know that which is good, also cause they are pump and dump coins that only last for the short period. But having said that, if you believe in the projects you invest in, you can go on putting your money there, but try not to invest more than you can afford to lose.
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
I'm afraid I have to call it luck, some people have been lucky with their timing of altcoin investments and it has fetched them good ROI, but many more people have been left with dumped coins after quite a lot of this shitcoins dumped right after pumping, it just basically goes down to when you invest. People call them shitcoins not cause they do not give a few people good returns, but because there are so many new coins and it's so hard to know that which is good, also cause they are pump and dump coins that only last for the short period. But having said that, if you believe in the projects you invest in, you can go on putting your money there, but try not to invest more than you can afford to lose. 
Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
Unfortunately, you were just lucky. Of course, when there is a bull run on the entire cryptocurrency market, it doesn't matter what you buy, because you will earn on every coin. The only differences can be that you earn more on one currency and less on another. However, when we have a bear market, or the situation is stabilized, the prices of only good projects increase, then you can only earn money if you do very good research of the project and do not buy it randomly.
i think profiting from shitcoin is luck
if you buy shitcoin that is not a scam at the beginning you will be lucky but there are so many people who enter shitcoin when the coin is trending so it makes peacocks lose.
so you are lucky if you benefit from shitcoin.
We can call it but in some cases we cannot call it as shitcoin if the community is increased and when major exchanges love to list it. Now just think coinbase came to favor shiba inu and Elon Musk came to favor dogecoin so at that stage we cannot call them as shitcoin. if you buy shitcoin that is not a scam at the beginning you will be lucky but there are so many people who enter shitcoin when the coin is trending so it makes peacocks lose.
so you are lucky if you benefit from shitcoin.
Making big profit out of shitcoins is just luck and the same can't be attributed with the market movements. If you've invested on Shiba or on some of the shitcoins that have been getting turned to be a potential altcoin during the recent downfall, then it can be considered a market learning. Slowly the market for Shiba is getting stronger with regular update to the development along with more partnering and acceptance on stores. This enhance the market than being a coin that is a choice of luck. Shiba to keep its market have been burning the tokens and keeping the market stagnant without big fluctuation.
Probably, just newbie luck since you said no experience in this sector. Just learn the basics of trading altcoins and do your best for gaining more experience, don't throw away your hard-earned money in shitcoins. Low marketcap altcoins aka meme or shitcoins have potential 10x 100x but the bear market session can also melt your balance faster than the blink of an eye. Don't rely on luck, learn the professional trading strategies, money management, and analysis tools instead of blindly buying shitcoins, IMHO.
I really don't think OP doesn't have any trading background for at least having the basic knowledge coz he even knows that he is trading meme coins. I agree that was a piece of luck for him to earn a huge profit with the use of meme coins. Well, that is something that happens to any of us but if we are checking the market trend very often, I think we can somehow not miss a chance to sell our coins is the most favorable price. That is good for him actually, but OP I'd just warn you to be more careful in the next top-up especially if you still choosing meme coins.
In my personal opinion, if this is only a matter of luck, you will not always win every time trade the shitcoins.
I believe that you have understood about the cycle of shitcoins, how the price will occur in the first market and will be hype enough, how the way you pick the token when the price is still at the beginning which is commonly very cheap, and you know that the right time to wait for the pump market. So, the price will commonly pump skyrocketing. At that moment, you can take the profits. Or, I don't know the exact strategy that you are using. But I know you know it and this is not a matter of luck 100%
I believe that you have understood about the cycle of shitcoins, how the price will occur in the first market and will be hype enough, how the way you pick the token when the price is still at the beginning which is commonly very cheap, and you know that the right time to wait for the pump market. So, the price will commonly pump skyrocketing. At that moment, you can take the profits. Or, I don't know the exact strategy that you are using. But I know you know it and this is not a matter of luck 100%
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