What's the possibility of discovering a memecoin that could change your life?

letteredhub

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Quote from: criptoevangelista on February 03, 2024, 11:16:17 AM

Waiting for this is like waiting to win the lottery, nowadays we have more than 2 million coins... 2 years ago there were only 14 thousand, the chance of this working out is infinitely smaller than it was in the past, I think it's easier try your luck at a casino or play the traditional lottery.

Smiles...

I don't really blame people when they would prefer to pass that money to gambling or a lottery to try their lucky as it appears that the probability to having a possible profit to be made is higher in gambling than it is with memecoins. Years back when they were a few thousands it was not that much of a headache and interestingly there were a more genuine ones with the intent to stay for a long time than those that weren't but nowadays with millions of it all yet our luck on it seem to get thinner than a needles hole which is why some persons would chose to gamble or play a lottery over it.

JeffBrad12

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Quote from: criptoevangelista on February 03, 2024, 11:16:17 AM

Waiting for this is like waiting to win the lottery, nowadays we have more than 2 million coins... 2 years ago there were only 14 thousand, the chance of this working out is infinitely smaller than it was in the past, I think it's easier try your luck at a casino or play the traditional lottery.

definitely right, too much meme coin being generated these days investing in one is like throwing money to those random devs, the fact that right now there are appearing so many new blockchain doesn't help either these meme coin devs that was before deploying only 1 meme coin to 1 blockchain right now deploying 1 meme coin to 20 blockchain and this just doesn't seem to be good.
finding the possibility of life turning opportunity with meme coin is not really viable way anymore, at this point better off using the money for other things.
after all we might encounter good luck in utilizing our money in other places than investing in meme coin which has been known for its heavy manipulation done by the devs themselves.

oktana

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Quote from: wxa7115 on February 02, 2024, 11:25:44 PM

Quote from: oktana on January 30, 2024, 07:39:55 PM

Quote from: Luffygroove on January 28, 2024, 08:26:45 AM

I don't know. I found it's more difficult to choose meme coin projects that could bring me massive profits compared to projects with utility. I mean, it's really difficult to find certain criteria to see that those meme coin projects are great (compared with projects with utility, which I know what to expect, like the working products or the utility itself). Additionally, I feel insecure about investing in meme coins because most of those projects have anonymous developers. I think meme coin projects are not suitable for my preferences in investing in general.

One of the reasons why a project with utility (as you’ve said) is better than a meme coin is that the project with a utility has a better potential to be a big project than a meme coin that if it doesn’t get popular or known, you will likely not make anything out of it because that hype is normally needed. But a project that solves a problem through its utility, slowly and steadily, if they are genuine and doing everything right, they’ll eventually be recognized and their products or services would sell based on their actually importance.

That is correct, but at the same time with the huge amount of coins which have been created over the years, is there still some kind of application for the blockchain which has not being tried over and over again?

After all how many privacy coins, or any other coin by that matter, could we possibly need? I really think we have reached a saturation point and it is why we see so many meme coins today, since people can feel the same and they see in meme coins a better chance for them to multiply their money.

If you asked, I’d just shrug my shoulders saying that there’s nothing else that could be implemented. But the truth is otherwise. Crypto isn’t the best innovation that they’ll be. There could be a new technology tomorrow, etc. Humans don’t have limit to how much they could imagine so even in the current “saturated” market, a unique idea/solution can still suffice. There could be a way to play with meme tokens and it will make them worth more.

Pi-network314159

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Quote from: Iamcrypticguy on January 17, 2024, 05:11:00 AM

I've been contemplating this, reminiscing about previous years when memecoins like Shiba, Doge, and Pepe turned some people into millionaires overnight. Back then, I was a novice and missed out on those meme surges. This year, armed with more experience, I ventured into memes like Myro, Bonk, Rats, and Sats.

I don't really know how to know the next coin to make people blow or make them rich overnight. But I believe those that made money from all this listed coins was a result of luck and hence can not be predicted.

Quote from: Iamcrypticguy on January 17, 2024, 05:11:00 AM

The momentum appears robust, with indirect support from Elon Musk for $Troll, while $Smiley boasts a large and supportive community. I'm pondering if it could pull off another Doge. Any meme experts here? What's your perspective on this?

Doge and Shiba blew as a result of hype by Elon Musk so I don't see anything in doge that will make it grow as much as it was before, except same hype again.

Bushdark

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Quote from: Tomcolor on February 02, 2024, 02:45:21 PM

The probability here is very low because memecoin has mostly new and small investors so they won't hold long time if they get small profit. Moreover, large investors consider memecoin as the best risk. But everything is possible from the crypto market with time lag so you should definitely buy high level tokens to reduce the amount of risk. But high level memecoin will give you profit if you hold long time.

Very very low because we would want to take little risks when investing in altcoins. There are many altcoins in the market that had made investors to amkw consecutive profits from the market because they took the risk in a big way and hit the jackpot.
We can see a good project that would make us make serious profit from the market and ignorantly leave it to get launched or decided to put small investment on it because we want to take minimal risk without knowing the potential of the project.

criptoevangelista

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Waiting for this is like waiting to win the lottery, nowadays we have more than 2 million coins... 2 years ago there were only 14 thousand, the chance of this working out is infinitely smaller than it was in the past, I think it's easier try your luck at a casino or play the traditional lottery.

GoldMagic

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Quote from: ryzaadit on January 17, 2024, 07:29:36 AM

Like gambling.

Lucky moment ~xd but 98% are gonna end worst. Most of people who are trying to enter these type token is degenerated gambler ~xd Just throw your money to garbage, and hoping is being gold.

The possibility is always low.

usually a way like that that makes people become addicted, first given the win first
the rest is just a waste of money.

YUriy1991

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Quote from: Nothingtodo on February 02, 2024, 10:21:16 PM

Cryptocurrencies are a complete investment gamble because no one can say for sure when it will change people's fortunes. If someone gets lucky by investing in good Memecoin then he can become rich by investing in these coins. I haven't had any luck so far that I can invest in and change my situation.

I think if someone wants to think at this time it doesn't seem like the time for the market to be very volatile with pumps and dumps. If so, this is the right time to buy these coins. It seems that your condition also reflects how risky it is to invest in these coins in the hope of at least a good return after you buy them. BTC is very good at defense and you can see the market today or before.

pinggoki

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The possibility is pretty low because there's thousands of meme tokens out there and it's unlikely that you'll hit it big if you just buy one of them and most of these meme tokens that you're talking about will only yield you a really low amount of profit if you bought them in small amounts because the movement of their prices is so low too so either you invest big amount in one token and hope that it's one of the meme tokens that will yield a 1000% or higher, so you either have a huge amount of money at your disposal to cover all the possible meme tokens out there and buy yourself a decent amount or not risk investing at all.

wxa7115

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Quote from: oktana on January 30, 2024, 07:39:55 PM

Quote from: Luffygroove on January 28, 2024, 08:26:45 AM

I don't know. I found it's more difficult to choose meme coin projects that could bring me massive profits compared to projects with utility. I mean, it's really difficult to find certain criteria to see that those meme coin projects are great (compared with projects with utility, which I know what to expect, like the working products or the utility itself). Additionally, I feel insecure about investing in meme coins because most of those projects have anonymous developers. I think meme coin projects are not suitable for my preferences in investing in general.

One of the reasons why a project with utility (as you’ve said) is better than a meme coin is that the project with a utility has a better potential to be a big project than a meme coin that if it doesn’t get popular or known, you will likely not make anything out of it because that hype is normally needed. But a project that solves a problem through its utility, slowly and steadily, if they are genuine and doing everything right, they’ll eventually be recognized and their products or services would sell based on their actually importance.

That is correct, but at the same time with the huge amount of coins which have been created over the years, is there still some kind of application for the blockchain which has not being tried over and over again?

After all how many privacy coins, or any other coin by that matter, could we possibly need? I really think we have reached a saturation point and it is why we see so many meme coins today, since people can feel the same and they see in meme coins a better chance for them to multiply their money.

Nothingtodo

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Cryptocurrencies are a complete investment gamble because no one can say for sure when it will change people's fortunes. If someone gets lucky by investing in good Memecoin then he can become rich by investing in these coins. I haven't had any luck so far that I can invest in and change my situation.

Abiky

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Quote from: Huppercase on January 28, 2024, 03:36:45 PM

I remember reading some ICO overviews, some mistakes and how it blew up then. Your post made me remember criterias investors look before they invest in coins are the kind of products they offer, the real use case of the coin, how the team want to see the coin in some years and also other stuffs like decentralization, some were even using masternodes back then and how coins are stakes for security before they invest but now, it's all about where to plug money from one project to another harming each other in the name of memes coins.

A day will come that we will have nothing innovative about altcoins other than lying for each other to buy and the get dump on another people and if this nonsense continues, we will not see new investors or get anything to convinced them because it will be obvious that's crypto or altcoins are upgraded scams that developers are hiding under to mik people without reasonable thing to show. Just pump and candle green in days to bring people with hype and then reversed candle to sell everything. Didn't you even see the trend compare to 2021, it's fading away with time.

I see what you mean. Developers aren't focusing on quality as much as they did back then. "Meme" coins and NFTs have moved industry away from being a utilitarian one, to a speculative one. Crypto/Blockchain tech won't be able to achieve its full potential this way.

The OP, as well as most newcomers into crypto, are only looking for the hottest "meme" coin just to get rich. Not because they believe in the tech. Human greed really destroyed crypto's true value proposition. Hopefully, people will realize "meme" coins are nothing but pure junk as they slowly fade away into oblivion. With speculative digital assets out of the picture, crypto can become great again. Maybe there's "light at the end of the tunnel"? Grin

Tomcolor

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The probability here is very low because memecoin has mostly new and small investors so they won't hold long time if they get small profit. Moreover, large investors consider memecoin as the best risk. But everything is possible from the crypto market with time lag so you should definitely buy high level tokens to reduce the amount of risk. But high level memecoin will give you profit if you hold long time.

oktana

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Quote from: Luffygroove on January 28, 2024, 08:26:45 AM

I don't know. I found it's more difficult to choose meme coin projects that could bring me massive profits compared to projects with utility. I mean, it's really difficult to find certain criteria to see that those meme coin projects are great (compared with projects with utility, which I know what to expect, like the working products or the utility itself). Additionally, I feel insecure about investing in meme coins because most of those projects have anonymous developers. I think meme coin projects are not suitable for my preferences in investing in general.

One of the reasons why a project with utility (as you’ve said) is better than a meme coin is that the project with a utility has a better potential to be a big project than a meme coin that if it doesn’t get popular or known, you will likely not make anything out of it because that hype is normally needed. But a project that solves a problem through its utility, slowly and steadily, if they are genuine and doing everything right, they’ll eventually be recognized and their products or services would sell based on their actually importance.

Chato1977

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Quote from: Bushdark on January 28, 2024, 07:03:12 AM

Quote from: Chato1977 on January 28, 2024, 06:47:03 AM

Possibility ? maybe Impossibility is what you will find lol.

Imagine Memecoins ? if you are close or connected in Manipulators then it will be easy for you , and if you are friends with big circles like Elon Musk then it is also easy for you.

but if not then forget it , or else risk all your money but expect no assurance at all .

Prevent investing in meme coins if you don't wanna cry tomorrow.

The possibilities are there but sometimes we are always scared of making decisions that would benefits us as a investor.
There are some decisions that could be very risky to us but when we take them without any issue of buying the wrong project, we could become a millionaire from them. This is one of the practices of some big whales. Theybarr interested in buying projects and holding them for as long as they want before selling and making profits from them.

Actually thats what I also says here that the risk and harder to find will be both reason why we cannot find one .

Huppercase

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Quote from: Iamcrypticguy on January 17, 2024, 05:11:00 AM

Honestly, I did make some money trading those, but not the life-changing fortune I aspire to. So, I'm still on the lookout for that meme opportunity that could turn my vacation dream into reality! 😄 Recently, there's been a buzz around $Troll and $Smiley, and I thought of throwing the question here.

The momentum appears robust, with indirect support from Elon Musk for $Troll, while $Smiley boasts a large and supportive community. I'm pondering if it could pull off another Doge. Any meme experts here? What's your perspective on this?

I remember reading some ICO overviews, some mistakes and how it blew up then. Your post made me remember criterias investors look before they invest in coins are the kind of products they offer, the real use case of the coin, how the team want to see the coin in some years and also other stuffs like decentralization, some were even using masternodes back then and how coins are stakes for security before they invest but now, it's all about where to plug money from one project to another harming each other in the name of memes coins.

A day will come that we will have nothing innovative about altcoins other than lying for each other to buy and the get dump on another people and if this nonsense continues, we will not see new investors or get anything to convinced them because it will be obvious that's crypto or altcoins are upgraded scams that developers are hiding under to mik people without reasonable thing to show. Just pump and candle green in days to bring people with hype and then reversed candle to sell everything. Didn't you even see the trend compare to 2021, it's fading away with time.

Yatsan

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Low for sure if it is a representative possibility to most of us. Meme tokens are simply which makes it complicated in my opinion. Most of the time it has no utility and decent roadmap so where will you be depending or checking upon seeing an alike project? Will it just be token supply alone? When it comes on demand, you'd only know once break out happen. Try checking the prices of listed meme tokens on your exchanges and check if there's a pattern from one another. Sudden pumps and sudden dumps, that makes it hard to determine which one should you invest your money into. You'd be only depending with volume and new related to top cryptos in this industry. I know it is risky to invest in any project in this industry but I think "high risk high reward" is evident as well to meme tokens. Try joining communties wherein such token is being discussed in order to help you with your decision and also to not be too careless with the projects you are at.

KingsDen

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Quote from: oktana on January 28, 2024, 07:18:10 AM

I think that when doing your search, you should not try to be a millionaire overnight. This is one of the things that make people lose money. The desperation to have very great returns and all of that imagination. No one knew Bitcoin would do what it did, no one knew DOGE, SHIB, etc would do what they did. So, don’t think that you can know for the onset. Just invest into what you mind asks you to invest, if you’re lucky, the rare odds will be in your favor.

There are actually different mindsets when investing in bitcoin, altcoins and meme coins. To me, investing in bitcoin gives me peace of mind and I do not care watdafuck happens with bitcoin price because I own it for a long term purposes and I do not expect bitcoin to turn me to an overnight millionaire. So, it can be said that I expect nothing from bitcoin than comfort and stability. I do not believe that bitcoin can make me super rich but it can keep me comfortable for a very long time in as much as I own a fraction of it

This mindset is quite different when I investment in altcoins. I have a mixed feelings that some hi cap altcoins can bring about financial stability and can also make me rich but the chances are not high. So, this is the reason I do not buy them much or buy them at all because I believe there's no need for them when I can own Bitcoin.

The story is totally different for shitcoins or memecoins. The mindset is that they have the tendency to turn me to an overnight millionaire, which is true ofcourse. But then I also know that buying it is like gambling, that your capital can drain down the tunnel which already happened to me in the past.

Luffygroove

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I don't know. I found it's more difficult to choose meme coin projects that could bring me massive profits compared to projects with utility. I mean, it's really difficult to find certain criteria to see that those meme coin projects are great (compared with projects with utility, which I know what to expect, like the working products or the utility itself). Additionally, I feel insecure about investing in meme coins because most of those projects have anonymous developers. I think meme coin projects are not suitable for my preferences in investing in general.

oktana

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I think that when doing your search, you should not try to be a millionaire overnight. This is one of the things that make people lose money. The desperation to have very great returns and all of that imagination. No one knew Bitcoin would do what it did, no one knew DOGE, SHIB, etc would do what they did. So, don’t think that you can know for the onset. Just invest into what you mind asks you to invest, if you’re lucky, the rare odds will be in your favor.

Topic: What's the possibility of discovering a memecoin that could change your life? (Read 785 times)