Is it just luck - page 3. | Bitcointalksearch.org

babygun

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Quote from: iv4n on February 13, 2022, 03:19:39 PM

Well, I am glad for all of them who made a lot of money with meme coins, the fact is that many people made a lot of profit if they sold some meme coins when was their top! I don't think it's pure luck, it's just a situation on the market, the hype started by some very rich people created a wave that affected the price to rise, all holders and supporters benefited a lot from that! I also choose more proven assets but looks like these meme coins can do more on the market and I think for some of them there's a future!

You can indeed make a lot of money with these meme coins but I doubt that any of them will have a really long term future. Maybe the most popular one (as Doge and SHIBA) will continue to exist, but I think 98% of all others will cease to exist. If you can get in on a new memecoin from the very beginning (i.e. the moment they are listed on some obscure small exchange) than you can really make money. When they get listed on the top exchanges, in most of the times, you are already too late to make a big profit.

iv4n

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Quote from: nimogsm on February 13, 2022, 11:21:47 AM

In fact, I'm glad for you, you're really lucky.But it is worth understanding one simple thing, this trend cannot last forever.I understand that you can make money on them, but I'm not interested in taking such risks.I still choose more proven assets.

Well, I am glad for all of them who made a lot of money with meme coins, the fact is that many people made a lot of profit if they sold some meme coins when was their top! I don't think it's pure luck, it's just a situation on the market, the hype started by some very rich people created a wave that affected the price to rise, all holders and supporters benefited a lot from that! I also choose more proven assets but looks like these meme coins can do more on the market and I think for some of them there's a future!

Sterbens

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at the time of the initial release of meme coins people still thought of them as joke coins or trash and only a few people entered and when meme coins were pumped by rich people the meme coins went up very high, we took their doge and shiba for example up not because of their project but because of the pump of people who have a big influence in crypto so I think people who profit from meme coins are lucky.

If you look at it until now, the trend for these two coin memes is still quite strong and only Doge and Shiba have survived. I think their project is also good and the people behind it who have influence not only in social media but from a financial perspective are very big. However, between Doge and Shiba I will choose Shiba for their prospects which are still quite long.

nimogsm

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In fact, I'm glad for you, you're really lucky.But it is worth understanding one simple thing, this trend cannot last forever.I understand that you can make money on them, but I'm not interested in taking such risks.I still choose more proven assets.

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Quote from: gurunanakji777 on February 13, 2022, 09:48:39 AM

I would say you are lucky that you are able to make money from the shit coins but the majority of the traders think otherwise I believe as long as you are making a profit from the shit coins that is good because our target is always to book the profit whether the coin is known as shit coin and it does not matter because at the end of the day we look for profit. But I must say the risk factor is higher when we invest in the shit coins.

Not all lucky to earn much profit with shit and meme coin, maybe just several people get lucky when entry or investing with shit coin, I think they know about detail when shit coin listing and when pre sale begin, when you only know after shit coin pump and take risk to buy maybe you loss your chance and price can dump later and you not really lucky with investing on shit coin.

gurunanakji777

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I would say you are lucky that you are able to make money from the shit coins but the majority of the traders think otherwise I believe as long as you are making a profit from the shit coins that is good because our target is always to book the profit whether the coin is known as shit coin and it does not matter because at the end of the day we look for profit. But I must say the risk factor is higher when we invest in the shit coins.

amishmanish

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Well, It is not just luck if you have made "most" of your money from memecoins. It is just basic situational awareness if you didn't fall for the "community" hubris and indeed sold out at profits. Most of these memecoins are meant only for pump and dumps because it is very easy to capture greedy people and incite them to buy 100K tokens for only 50 Dollars. If just one thousand idiots in the telegram group do it (Which actually have mostly 20-30k users these days), then the so-called "devs" make away with a cool 50K dollars.

There is no need for the devs to work further as they can easily move to making more of these coins while leaving the community to self-destruct. Someday, if an inside story of all these con-jobs come out, I won't be surprised if there would just be a group of 100 or so people just jumping from one copycat scam to another in crypto (ICOs, Platform scams, Memecoin scams, OHM forks and so on).

There are organized call-center groups in India who have been scamming money as fake helplines for several years now. I am sure they have found their latest gold mine in the form of greedy students and middle-aged "investors" everywhere.

sana54210

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Quote from: tsaroz on February 12, 2022, 12:44:08 PM

Most of them work in the classic MML ponzi fashion. Some stay longer while some bust soon but all of them works on earning profit at the expense of newer investors. As the hype maximizes, the early investors do earn high but once it stats to decline, the ones buying at the peak would have a loss. You can call it a skill to join fast and know when to exit but it still is a luck as you are not sure which one would be there for what amount of time. Shiba Inu is one of the exceptions as they still have a good value compared to few months of their initial exchange.

Unfortunately there are tons of people who lose money in that situation and then they cry about how crypto is all scam. I am really tired of telling people that if you invest into something shitty and the price drops then it is not called scam but just a bad investment. If it was rugpull or something like that then I would totally understand but the reality is that we are talking about just simply shitty investments and not a scam.

Surely there are some people who got lucky on the first day, like they invested 100 bucks and the second it got released they managed to make a big profit from the initial shockwave and got out. But how many people made their profit that way and how many lost money with the same exact method?

TastyChillySauce00

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if you know the mechanism of shitcoins that are being used for manipulation then you could pretty much make some profit out of it, after all shitcoins and memecoins are pretty much like gambling, anyone could make profit out of it.
but eventually if you getting fomo’d you could lose all of your investment and if you already know the risk of losing your investment before hand I think the choice lies in you.
the thing is, shitcoins and memecoins are quite literally zero sum game, it’s better if they have some product that could make their coins have real value but most of them have zero product.

Ngemmeng

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if you make most of your money from shitcoin or memecoin it's not luck, maybe you have the skills to become a trader of shitcoin and memecoin. Investment in memecoin or shitcoin is indeed very promising because the price of memecoin and shitcoin can increase very drastically in a short time. but investing in memecoin and shitcoin also has a very high risk because the price of memecoin and shitcoin is much more volatile than big coins like BNB and ETH.

tippytoes

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Quote from: Sled on February 12, 2022, 06:24:15 PM

Quote from: 7788bitcoin on February 12, 2022, 05:13:01 PM

Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

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.

You entered in the meme market at the right time and hence you could have end up in a huge profit and entry is always the most important aspect and if you have done that then you are in a safe space and you only need to make sure you exit at the right time rather than holding them fo a very long time. Hype alone was the reason for meme coins and you cannot expect to be lucky all the time, so be careful when you invest.

Just riding at the perfect time seems to be lucky for us. Not all have been through to this and that comes rarely. Well, Op had made it this time but not sure next time as to think that hypes can't be predicted as well.

This scenario even looks interesting to newbies and asking to have luck as well. But just to tell newbies that not all the time we are lucky and we have to think that no easy money in crypto. It was just about to happen that OP made it is the right time and make the right decision to sell, as if he missed it then he can't smile like that.

It is the OP's luck that he gained profits from this so-called shitcoins. Remember, it is not all the time that your luck will be on your side. So for the OP, don't get too confident investing on crap coins, because you may encounter coins that will screw up your funds. You can never be sure that you can always hit the jackpot here. So for now, just be grateful that you are earning profits from this type of coin.

Sled

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Quote from: 7788bitcoin on February 12, 2022, 05:13:01 PM

Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

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.

You entered in the meme market at the right time and hence you could have end up in a huge profit and entry is always the most important aspect and if you have done that then you are in a safe space and you only need to make sure you exit at the right time rather than holding them fo a very long time. Hype alone was the reason for meme coins and you cannot expect to be lucky all the time, so be careful when you invest.

Just riding at the perfect time seems to be lucky for us. Not all have been through to this and that comes rarely. Well, Op had made it this time but not sure next time as to think that hypes can't be predicted as well.

This scenario even looks interesting to newbies and asking to have luck as well. But just to tell newbies that not all the time we are lucky and we have to think that no easy money in crypto. It was just about to happen that OP made it is the right time and make the right decision to sell, as if he missed it then he can't smile like that.

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Quote from: Danydee on February 12, 2022, 05:48:36 PM

Either is thing follow luck or not, as OP stated for himself, it is like a (winning) pattern, a common pattern to almost every coin created with not purpose or without guarantee that it will be adopted and really deserve something !
You must just know how to follow the pattern stated by the creators, that's from the creation to the distributions and marketing is just intended the make them get profit !

for him it may be luck because we cannot trust any meme coin in the beginning. In the beginning it is just a coin and after getting some popularity it becomes a meme coin. Jus look at the market hundreds of coins are created and listed which is called shitcoin and the coin which get popularity get the name meme coin.

But if look is there is always a rise on the very lunch before a fall habitually, you have just to know when to release..

just like creators do themselves!

Danydee

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Either is thing follow luck or not, as OP stated for himself, it is like a (winning) pattern, a common pattern to almost every coin created with not purpose or without guarantee that it will be adopted and really deserve something !
You must just know how to follow the pattern stated by the creators, that's from the creation to the distributions and marketing is just intended the make them get profit !

SlimShadyMmp

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Pure Luck and Congrats on that Man I think You can always be lucky on those memes especially if you are first back in few days or months ago But still It will be much more easier to jump on coins that have actual potential just to be safe You never know what might happen along the way Meme are just what they are

lousie9

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Shitcoins or meme coins will indeed give us a large income when we are late getting the coins, because many shitcoins continue to be pumped so fast and vice versa when the pump is high the coins can just disappear and there is no price on the market because the volume continues to decrease that's why many people are hate shitcoin because in trading if there is a big profit then there will be a big loss in it too, especially people who buy shitcoin late.

And maybe you are one of the lucky people because you can get big profits on these coins.

7788bitcoin

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

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.

You entered in the meme market at the right time and hence you could have end up in a huge profit and entry is always the most important aspect and if you have done that then you are in a safe space and you only need to make sure you exit at the right time rather than holding them fo a very long time. Hype alone was the reason for meme coins and you cannot expect to be lucky all the time, so be careful when you invest.

coin-investor

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

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.

You're not the only one I also made money from some shitcoins and after making money I dump them and never look back, the key here is knowing that you are investing in a project in a pump and dump coin that only promises potential and the other key is leaving the coin at the right time, if you think that it reaches its all-time high and you are already in profit, don't think twice holding it, or you will lose your chance to make a profit.

Maslate

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

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.

Well, I'm not going to say it was totally a piece of luck but you made it with a skillful strategy. Like a day trader had often made a profit in a short period of time, while taking advantage of the sudden drop and make buy, and then sell them once fluctuations come. Unless you just hold them, then I can say it was a lucky day for you.

Anyways, whether it is a bit of luck or not, just to say congratulations and good luck for your meme investment.

molsewid

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Quote from: Jackl87 on February 12, 2022, 03:48:03 PM

I would say yes it is just luck. I am not a fan of meme coins and personally would never invest in such shitcoins myself because i think that they are bad for the crypto market as a whole but it is definitely true that early investors in those projects have made a huge profit. But this is only true for those meme coin projects that were successful and i would say that only a handful of those hundreds of projects was successful at least temporary. Especially those that are coming out now are dead pretty soon.

I think OP has a great gut feeling that he really made a profit out of it like I am not a fan of meme coins and shitcoins but I did tried also to invest in it but I am not a lucky person like him who always ended up smiling because to be honest I do lose my money. Actually, the favor of luck was rare and as what happened if luck is not in your favor you will probably ended up losing. In my own experience one thing I have learned that I will always be my constant reminder to not invest just because of the hype, always make a research about the project.

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