Topic: What's the possibility of discovering a memecoin that could change your life? - page 3. (Read 877 times)

It's like your chances of winning on a lottery.
I mean if you are lucky to find a meme coin and invested on it before it went up 100x or even 200x then you're pretty lucky.

However, it's pretty hard to pick which meme coin will pump massively especially with lots of meme coins that are appearing right now. It might come to a point that you will lose too much money during the process. TBH, I would rather trade or even gamble on sports bets than investing into meme coins. Yes, there are times where I invested into it, but I just tried hoping to get some profit on it, but I didn't.

If I were you, I'd rather focus on established coins already or at least those on the top 100 coins. Now if you really want to invest into meme coins, consider the money you invested into it "lost money" already.

You can risk an amount if you want to make some money from trading these meme coins. Do not be sad if it is gone from you. There are those who promote the idea that everyone who invests in meme coins or one of them will achieve great wealth, and this coin will create millionaires. However, not everyone who invests in meme coins sees their dreams turn into reality. For some, their dreams become disturbing after losing all their capital due to their greed, FOMO, and blindly following the recommendations and promotional campaigns without conducting research or managing their capital.

Indeed, I haven't noticed indirect support from Elon Musk regarding $Troll. Can you @OP provide any source for that?

When we see the success of other people and their success from meme coins, which makes them millionaires, believe me, the process they face is definitely more complicated and takes a long time. It is not easy for someone to suddenly succeed in meme coins. Because whatever, so far, meme coins are usually famous only because of hype. thus making meme coins look like they are very successful and provide extraordinary income. However, it is not uncommon for it to actually make and change someone's life for the worse. This is a high-risk investment game, nothing is easy to achieve success.


This is the challenge. Because this is similar to gambling. Sometimes we even analyze but still fail. If you want to focus on meme coins, maybe you can prepare some capital that you can really afford to loose. Because usually, not all meme coins can really skyrocket. Moreover, here, you have to be active in the meme coins group and usually there will be news continuously promoting a new coin. If you are interested, you can invest very little, as minimum as possible, monitor its development until it is listed, and immediately take profits when it increases. Don't expect to use meme coins like this as a long term investment, it will never work well.

But once again, this is not investment advice that should be done... Because we are aware of the risk of losing that money. Therefore, manage your finances when playing on coins like this which are actually very high risk.

With so many "meme" coins trading on the market, your chances of getting lucky will be slim. It's whales' game now. We can blame Dogecoin's rise back in 2021 for the current state of the crypto market. It brought along a lot of "useless junk" only meant to enrich developers and whales. The average trader/investor will ultimately get "rekt" as prices go all the way down the drain in an instant.

If you're smart, you'd invest in a coin with active development and innovation. One that isn't driven by hype, but rather concrete results (real use cases). Bitcoin, Ethereum, Polygon, Avalanche, and BNB are one of the few coins that meet such description. Time will tell whenever many of the "meme" coins we see now will survive or end up being history. The former is most likely to happen, leaving us with Dogecoin as the sole survivor. Who knows what will be the next big thing in crypto?

I think it is very difficult to determine a memecoin that can provide big profits, especially if the profits you get can change the totality of your life. Even if something happens by chance, it is better to invest in bitcoin or altcoin which has a totality.  high in the crypto world such as ethereum and binance, even if these altcoins cannot provide large profits in a short time, ethereum and binance can meet your needs every month,

The probability is very low if you rely only on luck. It is necessary to carefully analyze even a meme project, who is behind it, what driver drives its price, what team and what technology all this will add up to increase the likelihood of profit from the meme coin.

Investing in meme coin is very risky and it can lead to you losing your invested amount. In the next bull run there will a sudden emergence of meme coin. Most of them would be created to scam investors be careful at that time. Only a few would survive like Dogecoin and Shiba Inu and if you are lucky you would hit the jackpot. In 2021 when the market were all green and memecoins were trending a wave of new memecoins came into existence. A lot of new investors were lured to invest in them some of them were scammed and others are still stuck with their amount.

Investing in the right meme coin is just half of the battle, the other half is to invest in that coin at the right time, since it is not rare for a person to buy a meme coin, hold it for a few years and sell it as they are disappointed with the lack of profits they have obtained so far.

But one day due to a new hype surrounding the meme coin, a massive upward movement happens and then those that had invested on that coin before regret selling it so soon, and as you can see this means that obtaining the profits you are looking is very unlikely.

There is a significant possibility that the price of a crypto meme will increase, especially if it receives support from a prominent social media influencer like Elon Musk. I noticed in Elon Musk twitter bio that he identifies as the "CTO" or Chief Troll Officer. While it's unclear if this is directly related to the $Troll meme you mentioned, it seems plausible that this crypto meme was created in response to Musk's bio. Speculation could arise among people, assuming Musk support, and if proven true, they might stand to profit substantially, similar to what happened with Dogecoin.

However, it's worth noting the difference in Musk approach between Dogecoin and $Troll. Musk directly tweeted about Dogecoin, while he merely added "Chief Troll Officer" to his bio, indirectly contributing to the emergence of the troll meme. Similarly, just as there's a Grok meme associated with Twitter AI's Grok, and a Tau meme related to Musk's child named Tau, it's amusing to see how effective these memes can be. Honestly, it's quite entertaining to witness, and it highlights the effectiveness of memes in conveying humor.

If you want to uncover it easily, the best way is to search for it in advance through the different crypto channels on Telegram. Recently, jupiter exchange site officially released a meme token called MOCKJUP, and it made 10x profit from the listing price.
The only rich in a short time by taking the big risk to invest in the crypto. The primary inquiry revolves around the timeframe of when you can enter the token before it experiences hype. So, expecting huge returns in short time is still possible but it's hard to find a thing like doge, shiba or pepe.

I remind you that more than a half of total tokens in the market have gone. This adds more difficulty for us to pick which meme token that is worthy enough to invest but it must be noted that if you shall pick the new token instead of investing in the old token.
Investing what you can afford to lose it and that's it. A large number of individuals were engaged in fierce competition to gain access to the token at an earlier stage, in anticipation of others entering the market with increased liquidity.

considering too much meme coin already generated in the market its pretty slim, you just cant distinguisih good meme coin with bad meme coin and when i say good meme coin its not necessarily good in the level of altcoin with working product, its just at least not scamming you.
but if we are talking about meme coin that truly change your life as in making you millionaire overnight well i guess the chance is really slim even the meme coin that risen high enough that definitely created millionaire usually only have very small amount of holder that actually hold the coin since the beginning and become millionaire overnight, its all about being early and get that profit from other people, because if you are not early enough youre more likely gonna be the exit liquidity.
but i would always recommend to invest altcoin that have working product anyway, there are literally many coin out there with working product that goes 10x overnight.

Very low, nowadays there is just too much garbage being sold as the next big thing on the alternative coin community. Even if you somehow managed to spot a gem among the mud, you may not realize in time you have found the next big memecoins which could make your millionaire.
Assuming you found a potential success, there would be still a high possibly of selling it at a premature price, perhaps getting the double of your money, but after selling it that good coin could continue to grow exponentially.
That is why I personally believe those who have had very good luck with memecoins and coins like those (who depend on the hype and the community behind it), did not make a very deep technical analysis, they just happened to buy the proper coin and hold it for enough time for it to explode to their maximum price potential.

Meme coin are never my thing but if I can get in early before it pump I could take the risk to invest with what I can afford to loose. However, most meme coin have began to roll out interesting tokenomics. We are recently seeing projects like PONKE and Meme rolling millions rather than the usual billions or trillion of total supply making people attribute them with shit coins.

Your chances are pretty low because of the massive success of meme coins so many developers are creating meme coins and we now have a sea of meme coins in our midst we are in a memecoin time and not all of these meme coins are worth buying as these meme coins are created to make money for developers,
just be sure to dig deep into these meme coins check if the developer is dedicated to the completion of their roadmap and most importantly check if the developers are capable and their whitepaper is not a copy of an existing project and most importantly only invest what you can afford to lose.

If I may ask what made those coins to have value over night and how did those investors invested before making such profit, sometimes investors like this don't just put their hope on some random memecoins rather they invest for short term so I will advice you not to buy and hold for long cause coins like this pump due to the hype.
Ask investors who choose memecoins and listen to their answers, sometimes investors like this are risk takers and they don't just invest all their money on memecoin rather they spread their investment to different angles, If you're believing for any memecoin to pump high I wish you luck but you should be smart when investing.

While you have a clear point here but there are also those on X. who are influencers that are reputable for promoting good meme tokens over time. Yes, not all of it gets to he life changing but following some of those influencers get you closers to finding some. But you you have to be willing to keep throwing in some $$ you're willing to lose. Another place you to find new promising tokens is being active on Exchange communities. So of these Exchanges announces the listing over time, giving you opportunity to research the token early enough.

As days goes by, there are many Altcoins entering into the market which one can invest in but most of them are just some piece of shitcoins. Many investors who invest do so base on the prediction from the potentials attributed to the project but may not end up getting what was expected. The good ones out there are few while the shitty ones are in larger quantities.

There are so many altcoin in the market we can always buy and hold but the problem lies on if we are confident about the project.
Since many people keep benefiting from the crypto market and some are losing because they made the mistakes of investing in the wrong project, we need to be wise and take proper research on projects we are willing to buy. Sometimes it is very had for us to spot good project and even the good ones, we are scared of investing because of the bad experience we had when we invested inpojects that never yielded any good result.

You could say I've been here for quite a while but nothing has made me rich in a long time, maybe because I'm mostly looking for free coins. without investing in meme coins that promise huge profits that can make us rich, we can make all our wishes come true. Maybe later I need to join to invest in the next meme coin

One thing about this Altcoins is you never know which one will give you the pump you expecting, all creates hypes with enough potential that will lure you into investing in them. Very difficult to make the right guest, most people who testifies of the big pump are just too lucky in purchasing the Altcoin. That is enough reason of spreading out one's investment into separate Altcoins, incase which of any decides to pump giving profits.