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Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat (https://www.coindesk.com/markets/2023/12/14/crypto-trader-turns-1k-into-100k-on-solanas-newest-memecoin-dogwifhat/)

DR; That can be a made-up story to get more attention to that meme coin. But I also know stories like that are the same in the past that are genuine. I have no guts unlike this guy to invest $1k in meme coins. He probably has this money as spare and willing to lose. Who's going to invest in unknown meme coins? Well, anyway this season is like whatever you buy seems goin' to make you money even with random meme coins. Still, I'd play safe and won't do this.

Meme coin stories like this is like the lottery.  You will hear about these often but what you don't hear about is the loses.  Mlre often than not people lose money in these things.  Meme coins were a trend in 2020/21, you can bet it will fade at some point.  There is no purpose for these projects or tokens so it's all empty air driven by greed.  Be weary

Maybe it’ll eventually die, maybe it won’t. But I think people like it anyways. I’ll be honest though, I think that some people only deal with it because based on historical events with “Memecoins”, people have turned millionaires overnight. So they are trying their luck to know if their story will change too. Just like you mentioned, someone made 100x from a meme coin I’ve never even heard the name before. What do you think people will do? They’ll want to invest and be like not just the other guys, but like this guy too.

As long as there is somebody telling a story of how they got rich easily, there will be people willing to try it for themselves.  The entire meme coin industry seems built upon the back of the greater fool theory, so I've never jumped into that pool personally, but I do know quite a few people who got involved with crypto after wading into the pool with dogecoin.  Elon Musk seems to have generated quite a few crypto people with his involvement and promotion of dogecoin.  Hopefully we can see him promote Bitcoin by getting Tesla to start accepting it again soon.

only 1 out of thousands that invested gonna be turning their money into that massive amount after all meme coin is just a zero sum game, you expect other to lose as your exit liqudiity and definitely everyone can't get profit at the same time.
recently its BONK that have increased massively, you can say that meme coin never ends with its trend, every bullrun there appear some random meme coin that somehow increase in price so high everyone that randomly holds it get massive profit but thats it. also, altcoins that are not meme coin honestly are also doing the same thing, like ORDI it was valueless back then now it priced so high.
so basically its not just meme coin that can make you earn much more profit, every altcoin have the possibility and whether or not you gonna make profit depends on your action whether to accumulate, the only thing that you need to watch out for with meme coin is the possibility of it being manipulated.

This is how investors fall into this trap by mainstream media, people will now read this article and think that meme coins can make their dream of financial independence come true. They will now start investing in meme coins not realizing that only a few can make such gains, after losing their investment they will go out and talk negatively about cryptocurrencies. It is a never-ending cycle of deceit and scammers are the first to utilize this opportunity. They would create fake smart contracts of the trending meme coin to which a few intellectuals would invest and lose their money.

Not only meme, but the user (gambler is never end)

Most of user who are invested / trading, almost similiar like (gambler) just a degenerated people who are trying profit and getting greed. Especially people who are brave enough to put their money on (MEME).

They want gamble the money, and hoping some luck for profit.

Meme coins are perfect for pumping and dumping. They get lots of initial hype due to being named after popular trends and memes. They always have a massive circulating supply which makes them very cheap for speculators to acquire. It will be possible to make a good profit early on when they are really volatile but very few will have lasting power. The majority die off quickly but you will never see Coindesk write about the countless people who lose money investing in these risky tokens.

They will do if someone pays for them to write their story cause more of the articles are sponsored contents so they are not going to give a damn unless it is beneficial for them.

About all other points you mentioned which are true, it is the perfect commodity for bump and dump and fortunately, if the coin has media attention then early investors are going to make a hell lot of money.

To answer your question, the interest in meme coins will never disappear and this is because that is just how people are, people will always have an interest in improving their current economic circumstances, to do so as fast as possible and to employ as little time and effort as they can.

And as you can probably guess investing in meme coins could in theory fulfill all of those conditions, so meme coins as much as some of us may dislike them will remain with us probably as long as this market exists.

Yep, this is not the first time, but we all understand the risk of participating in memecoin, someone can gain x100, and conversely someone can lose their money completely.

The way many people only like to talk about profits in an unbalanced way is part of the reason it can be easy to attract, because we can't avoid greed and are easily swayed by FOMO about things we like. It obscures our sanity. I also went through many different levels of emotions with memecoin, what I concluded was that I was only willing to spend money that I was willing to lose completely like gambling. It doesn't need complicated analysis. Colorful doesn't mean much, because it's a memecoin itself and doesn't have much applicability, so don't get too complicated about your expertise in the field.

Is that person selling his coin already? Because if not, he can never expect such a trend to come back, not anymore. Hype project just rises in no specific time but they drop forever. If we miss selling them during its peak, we can no longer expect to rally back anymore, it was a normal condition on altcoins.

Meme coin price manipulation remains but the question is if people are still buying them. Or they ignored it because of the risk and huge possible losses. Now, we can see the investors are getting smarter, they've learned already, and no matter how these meme coin creators do, that won't change their market insights, still they are shitcoins.

This can be unarguably possible as I have seen something like this but never had the guts to pertake as per the greater risk involved.

Memecoins are mainly built to give this kind of huge returns within a very short time, just that many people are consciously backsliding from investing their money into it because of the risk of loosing the money. I'm sincerely happy for him, he removed fear and took the risk and it did pay off. I'm sure he had enough before investing that amount because it was a 50/50 chance. So, it is advisable to watch what you have and make investment on what you can bear the pain of loosing

After this kind of wave this memecoin has made, you see more people going to invest in it and it becomes where the project team will decide to rug the project very hard for this memecoin to last in the market.

Exactly what I see here mate, because random people claim to be earning this and that but
ended nothing but a made up stories, how many of this have we seen over the years even in ICO/IEO times
this is happening , this is also the reason why I never trust any Memecoins now aside from Dogecoin and
Shiba-Inu that i have vested recently but take out my coins now.

I do not like clickbait titles, as they give attractive titles, but we cannot verify whether the story is true, whether it is an indirect advertisement, or their desire to get more views. People love stories about a person buying a lottery ticket and winning, or that a person without effort landed a million. dollars, but the reality is not like that. You must work to get money, but you do not need to work hard to earn it, but rather work smart.
If it is possible to raise money quickly, calculated investments in high-risk assets may be the solution, but memecoins are closer to gambling than investment.

People like the OP describes in his post are really lucky & I am happy for him. The problem is, people read the story in the media or whatever & think it’s easy for them to do the same. The fact remains that the guy described is in the minority. It’s like playing pin a tail on the donkey blindfolded sometimes trying to find a memecoin that does well. There are so many & sadly more people lose money than make big money.

I wish I also write success story here. I am not lucky with meme coins. I made 25x-20x from meme coins only one or two time. I heard this token name first time and risk takers already made a history. I mostly busy with trading in centralized exchange and Meme tokens initially list in dex. The next meme coin maybe on Avax network which is also getting hype.

Much better to take risk buying memes on bullmarket than making perp trades without knowing the risk of being liquidated, I remember some shib stories from millionaires like one investor bought shib cost $8000 and later turned into million dollar in value after some months.  It might happen again in new memes like Pepe  and Bonk so you cant ignore that many of us hoping to make huge profits from this meme craze.  

I envision two possibilities in this case. Either the person was really very lucky and he guessed the growth of the value of this coin, or he had insider information about the rate of this coin. I also do not exclude that this person was from the development team of this coin.

He probably has everything it takes to take the risk of investing in a meme coin just because the logo was cute. There are only a few people who can probably do that because most of the people who invest in meme coins are being invited by someone they know and getting influenced by the possible earnings they can get if it pumps.

That could also be a reason why we see such random stories on the internet, get more traction towards a project in creative ways but as an investor its our responsibility to assess the potential gains and if $100 is worth to lose for someone then they can buy 5 different shit coins for each 20 and if atleast one of the five hit then the returns could be 2000 but it doesn't mean there is any chance that 1 of the project will become successful even if we invest on 5 different projects.

To lucky for him to earn a lot from what he think got a cute logo but this incident will not always happen to anyone. Maybe he's just lucky at that time but for sure he would provably take a hard time to seek for another token that can give him the same profit.

That's why we should not easily believe on this since each result will be different since its hard to follow what those people earned especially if these coins usually come and immediately go once they already take a lot of money from people invest on their platform or tokens.

This is not the first time it happened but for so many meme coins exist or continuously launched by devs we don't know on which of them will pump the same with other meme coins since for sure investor doesn't know on which are the tokens could possibly bring them a lot of profit the same of what OP highlighted on the topic.

It's good to see how people get 100x unexpected completely out of blue but it doesn't show the devastation which is followed because whenever we see any meme or shit coin growing 100x in value we see people flock in to invest on those coins like sheep and end up losing it all. It's pure gambling I would like to stay away as already learnt the lesson hard way and I suggest others to avoid investing any particular meme coin just because someone got lucky. Before investing into meme coin just check the total number of meme coins and how they have fared till date.

Absolutely, it is a pure gamble but with little bit of insight and analysis there is less chance to predict the outcome of it for the short term and that is what some bump and dump investors try to succeed and its not really for everyone and this shouldn't be a primary focus for the retail investors.

It is common with altcoin that occasional they show huge pump and invested amount of all holders expands but such situations are not guaranteed always. Due to FOMO crypto users often selected such coins but they become disappointed when they see their money lossing its value as the time goes.

If you invest in meme coin then either you loss whole money or the Meme coin coin be visible as a high demanded coins which furnish high yield. It is correct information that putting money into meme coins is just like a gambling which win or loss is just unforeseeable. If you are looking towards a coin in which you can earn money then don't put your money in meme coin but bitcoin will intensify the avail through investment.

Not just one time I've seen something like this but a lot of times. They claim that they are early investors but what seems to be unbelievable is that, with great amount, knowing that these are shitcoins and meme coins, do they really think that with such amount people are going to invest randomly on them? Anyway, they really are risk takers if they are this type of investor that looks into these projects and invests a lot of money that can multiple a lot.

Investing in cryptocurrency projects is very risky and we need to take proper calculations so that we don't end up putting money on the wrong projects. There are many meme projects in the market we can make money from without much time. The way meme project are skyrocketing these day is very amazing. The little bull market that bullishly shoot Bitcoin to $44k was responsible for the bullish move of meme coins in the market. There are profits to be made so we must be ready to take risks in the market.

I read this news yesterday about someone going from $1000 to $100K. That's crazy.

I'm sure he gambled like a gamble with $1000 on a meme coin that he was probably ready to lose but who would have thought because of the hype on Solana that this token increased 100x and it's hard to imagine how this happened so it can be said that he was very lucky to put a coin on the right meme coin during the hype.

Who here is willing to risk $1000 just like gambling on meme coins? I think I would think twice, but that person probably has so much money that $1000 is nothing if it's lost, for us it's quite big and we wouldn't be able to do it because of the high risk.

just what i thought too. the marketing never ends in just launching a memecoin but having made up stories that made some random investor make $100K out of $1k could mke someone also dream of it. the new memecoins are the last thing i would get into but would rather be gambling on the old ones that have already tested the bull and bear season.

i made a good profit as well with doge but at least this memecoin is very much known to every crypto user, unlike that WFT memecoin that even SOL holders are unaware of it. BONK is more popular and holders are even taking profit already.

When Dogecoin got developed, people took it for a joke, and it was a near-worthless coin and was even given off during some random airdrop, but later years it pumped. The same thing happened with Shibainu, which later pumped and gamed some 100-1000x profit on their investment, but despite all those events, no one actually knew that Doge or Shiba would pump the way they did. If everyone had been aware and informed beforehand, then mostly everyone would have invested and made the same huge profit, but the thing is that it's not everyone that can get lucky with altcoins and altcoins investment is very risky because you could end up losing your money.

This is the other way of marketing although this is no longer new to the scene but many projects are attracting ignorant people about this. They'll make good story that they've bought it too early and now they've earned thousands, hundred thousands and millions. It's funny when you understand it although some fact may be on it but in general, this is nothing new and everything is all about hyping the project itself and that's why if you're going to be dependent on these news and experiences, you need to be careful.

The hype will always be there with meme coins and it may never ends as its consider as a seasonal token. Now that the market is rising, I’m sure the hype will be present again though of course not all meme coins have the same faith because some is a scam project and this is not new anymore with the meme coins.

We know the risk of this one, and we know how the hype works. Don’t over confident about meme coins, if you are already in profit better to sell right away and enjoy your profit. Usually, small meme tokens are not good for long term, so make sure to analyze and do your exit as early as possible.

The common dilemma here is that you don't know which meme project will give you good profits.
As they are subject for pump and dump scheme, you won't know which one will exit the game.
Most are in disappearing act without prior warning, hence, it is hard to keep this type of investment for so long.
The hype will always be here as people are continuously supporting these projects for the idea of getting rich quick.

Exactly! The only entity who benefits on this meme coin craze are those influencers shit and trading signal providers that buying early meme coins before they share it to their followers and subscribers to pump the coin. Normal trader that following signal are the one gambling on meme coin investment while those influencers is benefiting on their money because they letting them to do that with them.

Meme coin is the easiest scam scheme nowadays since traders knew its a pump and dump yet still buying for chance to hit an easy x100 profit on a 100+ investment attempt on different meme coin.

It seems that the era of meme coins is still not over... In fact, we are seeing more and more new meme coin projects which are always experiencing extraordinary hype and FOMO. It cannot be denied that the desire to get high profits from this meme coin is really big and makes investors flock to look for new projects that are likely to be hyped again... and usually, that doesn't last long. If some investors, especially the development team, have received high returns, then everyone is prepared if the project might soon go bankrupt. Therefore, if there is an opportunity to take profits, just take profits straight away. Instead of having to take risks that are too big, why don't we just focus on top coins which do have extraordinary upside potential? Compared to various shit projects that have been hyped up to now.

The hype are the only reason why meme tokens are still coming back in the market and they are actually making a lot of money here. We know that meme token didn’t last longer and only few can give you a 100x return, so the risk are high but if you are lucky enough you might find a better project that can actually give you enough profit. Personally, I’m not into new meme tokens, I’m already ok with DOGE and SHIB.

arguably, there are some meme coin that spared from suddenly vanishing into thin air even though it has reached that massive height of price, even right now the likes of PEPE and SHIBA INU are still unscathed despite the fact that so many time has passed, therefore if its like BONK that increase out of the blue and make people rich right and left, I think the price will not change that much in the future unless people just decided to dump this coin into oblivion unison then the price will fall.
I think this is the advantage of investing in these meme coin that are having massive supporter and community that kept growing, different with other meme coin that just created because hypes using some random trendy name for the sake of marketing which obviously just gonna be vanishing into thin air in the future.
though I don't advice on investing meme coin, in my opinion the risk is too much for me i would more likely settle with the less risky investment instrument.

this person just got really lucky most memecoins are hyped but then the price does not go up ever again but i guess this is what’s good with memecoins being very trendy and appealing to the audience garners more possible investors even those who have no knowledge of how to properly invest

Why would it? Meme coins, and someone behind it wanting to manipulate other newbie traders and profiting would always exist. If you were to even try to find these types of coins you'd probably run out sooner rather than hit something like this guy. Don't enter into meme coins expecting the same 100x profit they had, most of it is just luck or it's a part of the teams scheme to pump the coin itself.

Regardless of his true goals, what the man said about buying the coin cause the logo was cute or any other dumb reason should be followed really. Stop buying meme coins to profit, buy them cause the logos are cute. That way you don't buy nonsense coins all the time with the purpose of profiting, which in most cases, is pretty much no purpose at all since they're all, well, memes.

He is pretty lucky to have turn $1k to $100k. I guest he never knew it will be that massive. But not all altcoins can give you that. If I where to be him, I would use the $100k and invest in bitcoin.

He was a really lucky guy. He bought it without knew that if there will be a pump to come soon. That's pure gambling but his willingnes to risk his money was really paying him off. I have only made several hundreds percents and it was big enough.

That's crazy to see that if we went to the crazy shit coin pump and dump again. I can't even believe it is happening right now. There are so many meme coins in solana were getting hyped

Bonk is dumping again right now and i guess there are many people who bought at the top price or new ATH of bonk. It seems like that the declina has been coming and it will continue till there will be another FOMO to come soon.

Bonk is outperforming so many good coins in the market. It's really worthy to try that.

The altseason phase seems to have begun and don't be surprised why there are so many people who are now making profits from just buying memecoins for fun. Especially on the Solana network where the trend is increasing. This could be an opportunity or a trap. Because we are faced with a gambling version of investment. Not only on the Solana network, there are several surprising events such as airdrop claims which are currently popular on the Cosmo network, especially for Keplr wallet users, Atom stakers, Add Liquid, etc. However, there is no harm in joining in the excitement to make a profit with money you are ready to lose. I am not denying this altseason and it has been proven that there is always a certain phase in the crypto market.

Yeah meme coins are very good in making such profits since they are very volatile, but as this same time they can also make all your investment fall to the ground. Meme coins seem to be the current trend but to me, its just another trending scam in the crypto space. Lots of friends have made some profit that are very attractive and can be a bit persuasive from memecoin but I don't give a fuck, even if they make a $1million profit of a $10000 investment, I still am contented with the bitcoin I hold, my advise to other who hold meme coin, please be careful, the issue of scammers into the crypto world is becoming too much, and meme coins might be their next target.

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

There's nothing really special about memecoin, they are still the same shitcoin with no real use case. The only reason why a handful of them were pumping is because people are putting too much hype about it, plus these old memecoin surprisingly survived for quite some time already.
Doge have established their trust with investors already, but it's gonna be a lot more different with the new memecoins and upcoming memecoins in the market, so you all should be cautious with it.

The risk is too big to try your luck buying Meme coins for trade, especially if you spend quite a lot of money.  However, luck can come to anyone, by chance it could be that people who buy Meme coins can get multiple profits, but this opportunity cannot come a second time because the increase that occurs in Memecoin will not last long like other types of Altcoin

How do you find the right coin to invest in? Meme coins are one way to wash up illegal money. Sometimes whales use these unknown project to launder their black money and any money that is related to any exploit or hack to cover their footprint. First they create a memecoin with a funny name and then distribute the supply to different wallets to show this project has real investors. Then pump the price with all of those illegal funds and then dump again from those dummy accounts. In this process few dude got lucky and purchases the token and the story amaze us.

This is just how lucky they are because some other people actually hit the jackpot when it comes to their investment in altcoins especially meme coins because they just simply took the risk and wanted to trust their instinct when it comes to their investment in those new meme coins. therefore, if you know how to manage yourself in your investment and you know which meme coins have the highest chance to have that successful story as well, you should not hesitate to invest with how much capital you have and leave it until it multiplies its price like that one.

Meme coins are not highly volatile but it was a manipulated price made by whales or even the developer of the said project. Buying them is not a wise choice especially if we are planning to hold long-term because they all turn to dump and have less chance of rising back. It was pretty attractive because of the hype, of course, can't imagine someone making a profit 1000x after a few days but guess what, this will become a nightmare for late investors as they have lost their money.

Well, can't deny that many earn a lot from them but countless individuals also suffer losses because after buying the price falls instantly, and have no chance of selling because nobody is buying anymore. 

Looks like they are group of influencers on twitter promoting this memes on Solana network and new investors who got FOMO always trap in the top without any profit, only devs and this promoters are making money on this scheme so beware joining newly created memes it can dump really fast and lose all your money. 

Indeed, meme can mulitply your investment up to that unexpected benefits, but timing is important but once the market already
fading expect that you won't be able to make that expected profits.
More on the chance that you will lose your money as the market will start to dump down and support will no longer show up unless
whales will continue to play that pump and dump market sways.
Be very careful riding with meme, use spare money, amount that you are willing to let go, it's similar to gambling, when luck
is not around you will lose your money.

Well that is nice trade and the present market cap of the coin is $0.1836 which is a good growing coin in the cryptocurrency ecosystem space. And another thing is for it not to come down again and. Instead growing up because most of the coin would give hope to people at the initial time and later will run down to a very low price. But op I have not really gotten your figures very well. You said, a guy made a purchase of 100x and and base on the DeFi market he made a profit of 100k. How? Because the even the price of the coin is not yet $1.

I've seen quite a few of these meme stuff recently with once established projects trying to use them to revive their native tokens. Solana is leading that pack. As long as penny and little-to-nothing-price-worth projects continue to come to the market, there will be people who will find them appealing. This set of investors are likely to see these cheap tokens as alternatives to those they perceive as already high in price. Some are going to invest ignorantly while some will do it knowingly with the aim of getting out before a dump. Whoever that gets caught up in memetoken investment shouldn't blame anyone if it goes sour.

We ain't sure if that is real. Do remember, some projects would do this to gain fame, and next to that is buyers trying to buy their coins to increase the demand. I have bought some memecoins and like you said they are now buried in the cryptocurrency market and I don't think I will be able to recover that. Luckily, I didn't go beyond the point where I will regret it. I just tried some of them, played with trading, and then increased the amount. Now, I am not purchasing anymore because of the truth that most meme coins will not give the kind of returns as your example. If someone finds a gem, it will be like a needle in a haystack and that's near impossible.
Still, I won't just believe this kind of story and go running to buy meme coins. It's still better to just buy coins with real projects that can back them up, although the returns and profits are long-term, the important part is our money is secured and it won't be dumped like how they do with meme coins.

Investing in a meme coin comes with high risk to be honest. 95% of the time, these meme coins have crashed and the investors have suffered huge losses. But on the other hand, if we talk about the rest 5% time, then traders have made huge scale profit. As the name suggests, it’s very high risky trades to buy these coins. If you are willing to take high risks, then definitely you will get high rewards in return. The craze to invest in memecoins will always be around the traders.

Exactly, stories like this mostly common in the gambling section, sometimes people who share stories like this are part of the community let's just accept the fact that anything that looks risky we will never hear about the bad but rather the testimonies and praises to lure newly investors who doesn't know their left from right, I don't know if the story is legit but anything that concerns social media and the public especially when it comes to good news people will definitely follow the hype, I don't think the investor will choose long term investment cause when dealing with new tokens don't just follow the hype rather be a wise investor and sell even if it's a short term investment just follow the market.

It will soon end just like any other fad.  These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle.  Most times people buy in and just become exit liquidity for "the team".  Ask yourself this before you buy in, are they solving a problem where this is needed.  If not than you can almost guarantee at some point it will become worthless.  That timeline is the million dollar question.

meme coin honestly i think doesn't need to solve a problem, it just need to exist for people to manipulate and speculate using the coin and thats it, unfortunately such trend are gonna be long lasting, so many people are inspired being rich from just investing a dime, but we all know that those that get rich from investing a dime are only very few people probably only amounts to 1-3 that invest very early and also sometime its someone that have big posession of the coin from early on.
therefore to be honest getting rich from such meme coin is matter about being the early birds and therefore the reason why so many people out there wanted to be be the earliest by kept on investing in so many meme coin even though the rate of success is kinda low since we all know for sure that there are too much meme coin which equates to being shitcoin being generated every day.
and also judging from the trading volume of many meme coin in existence, the trend isn't gonna be fading anytime soon.

meme coin honestly i think doesn't need to solve a problem, it just need to exist for people to manipulate and speculate using the coin and thats it, unfortunately such trend are gonna be long lasting, so many people are inspired being rich from just investing a dime, but we all know that those that get rich from investing a dime are only very few people probably only amounts to 1-3 that invest very early and also sometime its someone that have big posession of the coin from early on.
therefore to be honest getting rich from such meme coin is matter about being the early birds and therefore the reason why so many people out there wanted to be be the earliest by kept on investing in so many meme coin even though the rate of success is kinda low since we all know for sure that there are too much meme coin which equates to being shitcoin being generated every day.
and also judging from the trading volume of many meme coin in existence, the trend isn't gonna be fading anytime soon.

Memecoins is really high risk, high reward right now. So just be careful, anything could happen especially since we  are in the volatile part of the market right now.
Memecoins is great, I already made some profits from it but I also lost some.
What I can say is if you just hunt some meme coins, make sure to take profits because it's difficult to prediect when they will dump.

I feel like it is going to end, maybe not quickly and maybe not right away but I am pretty sure that it is going to end up being gone eventually one way or another. It is not an easy thing to handle and it takes time to be good at it, and meme coins do get hype still to this day, but it won't be forever.

Like for example, in 10 years time (will be done before that) can you imagine people still being obsessed about these things? I am pretty sure that it is going to be quite alright and not going to have this type of thing at all. I hope that people can fix all of this, but I do not think that it is going to be all that right, it is going to take a while and not be that simple. This is why we need to just be patient and wait it out.

I think it might end someday. Memecoins are just in trend now. And trends are dying at some point.

I'm really grateful to the sincerety of members in this forum for calling memecoins what it is, that most are scams, so newbies will take note and be aware before deciding to buy them. These constant reminders and shared unpleasant experiences of members has made me not to consider investing in any new projects, right from my newbie days till date, because I don't have enough funds to gamble with. The craze for meme coins is there for high risk takers who can gamble their money for high profits on a very short time, not for people who are prepared to wait on the long term for cryptocurrency that'll surely give ROI in bull runs.

Well, this is the reason why people still invest in meme coins. They don't really know when their money is really very high. Maybe he didn't expect much about the investment he made in the meme coin, but when the price rose, he might be surprised to have made a lot of money. I think, because of this, people might try to invest in meme coins even for very small values.

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are.  But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun.   :D

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it.  But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any.  Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance.  but maybe just maybe. and... one makes it to the moon on adorableness alone.  Hey, crazier things have happened in crypto before.  At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Why not. We have been seeing the rise of different Memecoins already for the past few weeks and the volume keeps going up, they can't be wrong about them because the market cap reaches more than billions.

But I would also advise them to simply just sell when the time comes. I'm sure they have done their homework too so it is also a race to dump those memecoins before those shitcoins hits the fan.

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Mate, this makes zero sense and people want to earn real quick that's why they invest into meme coins as few memecoins had crazy pump wherein the rest has been disastrous. I am not a fan of this concept and I can never agree that people invest for fun or because it's cute because only a noob can do it.

Ever since the term meme was invented, we also can't stop seeing new memes that spawn from time to time. Their origin have came from a trending post or news. Meme coins in crypto will just ride them as well. But it wasn't only done for entertainment right now, but more in the profit side.

The meme coin Bonk was actually trending last time but right now, I think its hype is slowly fading. No wonder why you only saw a 60% increase there from the former I think over 100% or more than that. But, 60% was still nice. Haven't heard about the new one that you mentioned but I'll be careful about it for now. I'll wait for more signs first if it's truly the next one in the spotlight.

Spending $50 to buy a doll is more worthless than buying meme coins for $50 and if the person is lucky it can give crazy returns but dolls won't do anything other than just constant starring. :D

But the thing is if someone invests with the expectation of making a fortune will be disappointed and someone with no expectation can enjoy if there is any returns.

Indeed, this often happens to investors who want to put their money in meme coins. There are several people who are quite experts in investing in meme coins. where it's like they're sacrificing several dollars to invest in pre-sales, so they can get lower prices and get bonuses too. The next thing they do is how to help make the project hype. so this is what will make the meme coin skyrocket. then they can get take profits at the right time. and gatcha, they got it.

Then what about the others? Meanwhile, for people who are new or don't understand the cycle, they will only become victims. Many newcomers have become victims of the hype about meme coins. However, until now, meme coins are still interesting for newcomers to look for. because they are very easy to deceive with various misleading sweet promises.

Remember, meme coins are high risk, no matter the concept. they are high risk. watch out.

It is commonplace for memecoins to experience hype at the start and then fade, all coins are like that too. Bonk is hype too because Solana is also hype and is rising in price and the project is quite successful and those who use the Mobile phone saga get free Bonk. For those who want to enter, of course you have to be careful, because the current position is no longer safe, there will be a big decline when Bitcoin starts to correct.

How can we prove this story as anyone can easily make that story up,  but sure many coins can give you tremendous profits in the short term and that is why they are taken as gambling and nothing more than that,  and some of them are just planned pump and dump tokens at some point and if the investors are not smart enough he may lose out on the wave of the project and also ensure loses.

So now it will only be based on proven and verified means to take most of such stories as what they seem to be because even though the possibility is there,  it is still crazy to be able to achieve such profits without high calculations on when to take your profits out of the coins before it got trapped.

well there are many stories like this and yes it sometime gets proven with the blockchain transaction but of course there are some that are pure bullshit as well. regardless it could be the devs buying at the very low and artificially pump the coin anyway and then make this stories up later on nobody knows the thing with these meme coin is that its so saturated with scam that finding legit one is kinda difficult.
the ones thats legit in my opinion are only those coin that reached market capitalization of hundred millions at least like BONK, doge and so on if there's story that someone is making some good money out of it i would definitely believe but with some random meme coin definitely the proof is required.
regardless i would never get interested in investing in a coin thats highly manipulated, seems like im having lower odd with these coin even from the very beginning.

It would seem to me that a great deal of those that invest in meme coins do it because they want to obtain the benefits of being an investor, but they also know they do not have what it takes to be one.

Therefore they are looking for ways to achieve this within their limitations, and meme coins may seem to allow them to do this, unfortunately meme coins not only can bring them great benefits, meme coins can also bring massive losses, and the chances they do it are huge compared to the positive results those investors are awaiting for.

The returns from meme coin most times can be quite impressive, 100x return isn't a minor profit  and I believe that is the main reason why investors now focus on meme coins, while neglecting the risk associated with meme coin. The higher the volatility the higher the risk and return, either bearish or bullish. Meme coins are for those investors who are actually traders or have the skills of a trader, the worst thing that can ever happen to an investor is, after considering memecoin for long term holding and the coin crashes to price zero. Considering all this risk of losing my money I just decided not to even give it a try.

Not everyone can get 100x return, only a few make it into that list. The rest get rekt or wait for years dreaming to get some good returns. When dogecoin was pumping in the last bull run, a lot of newbies had invested in the meme coins with the belief that they would ride the hype wave. Unfortunately, most of them sold their coins at a loss or are still holding onto them. The belief that meme coins can make people rich is a myth, only if you are one of the early investors and the coin gets the desired hype then you can get 100x or even more returns on your investment.

Stories like this are becoming regular as we're about to enter into the bull market and this will make more investors begin to invest into memecoin but any individual that's getting interested in memecoin have to be ready for the lost that you might experience. Not all memecoin will do very well and you don't know which one will make you that profits. There are more chances for you pick the wrong memecoin than you pick the right one that will do very well.

Memecoin can make you big profits in a very short time but they can also make you big losses in a very short time therefore if you're investing into them only use money that you won't get mad if you lose them. We have more stores of individual losing as they invested into memecoin than those that made big profits but since those individuals are coming to social to cry, there stories aren't been made more famous as those that won big amounts.

Saw an article about someone who bought COQ and made over a millions in a space on 1-2months. He made this much when the memcoin only got listed in two Cex.
Something interesting about memecoins, is that when you get the right one, it will multiply your income really fast

I have experience of investing in meme as well but never had the chance to gain a decent amount. So I only use my spare money because it's quite risky compared to investing in coins with real use case. The guy in op's story is lucky for choosing the right meme coin that will skyrocket in short period. But not everyone is fortunate like him because we can't determine what meme coin will go to the moon and likely give us a huge return.

That's why it is not recommended to invest in meme and you should be prepared for the worse case since it's likely to happen. Therefore if you're going to take risk, only invest what you can afford to lose because there's no assurance at all.

Like you said investment on memecoins is very risky as most times you invest with the mindset of already loosing, what ever may happen should happen be it profit or loss. One good thing about these memecoin is if they intend to give profit it gives a very huge profit than any other Altcoins that is the reason most person still try their luck investing in memecoins

Meme coins are basically pumped once, it's like a lottery so to speak. At any given time, one person can gain a lot from doing meme, while many people can suffer the most. As far as I know, most people lose money investing in meme coins, which is why I would advise against investing in these coins. Most people are tired of investing in meme coin and this is one of the most impatient projects where people will lose if they don't invest.

Investing in meme coins can be incredibly risky and often like gambling. While some people can get lucky and make quick profits, most investors lose money. I have heard stories of success from some people in the past, but the losses are often silent. Many meme coins create markets based entirely on hype. The reality is that often, meme coins lack long-term sustainability and people lose money on these speculative investments. Meme coins are just a trend, and they will probably fade away eventually. As with any investment, make sure you understand what you're getting into before putting your money into Meme Coin.

This actually rarely happens but unfortunately, the media always reports things like this so it seems to be the right picture that investing in altcoins is a good way to get big profits quickly, even though it's just a coincidence and if anyone wants to look for data there will be that are struggling because they experienced big losses.
There is no way for investors to be able to choose which coins will be pumped up to thousands of percent in a short time, so buying them is like gambling, it will turn into gold or ashes, and more will become ashes but newbies will be trapped in investments like this.

If a memecoin price surge then whoever is holding the coin will be benefited so its not like only one will make money and others lose but what you can say is not every memecoin will bump so finding that one memcoin is going to be the mission impossible.

If we do speak about memecoins then there would really be those people who would really be able to make money out of those small capital on which its true that it is really that bounded or need up some luck most of the time specially on first time launch of these coins on which there's no even site that you could be able to look for or any social media on which you could really be able to check and this is why
i would really be telling this for be a complete gamble for those people who are really that loving on dealing up with memes. It is really just that there are people whom do really love on trying out
to take their shot on engaging with those meme coins no matter how shit it would be.

We cant really be able to deny that there are a handful of lives on which these coins had changed up their lives. This is where people would really be loving on trying to mimic out with those
success move and this is why its not really that shocking that there would really be those people who would really be just that loving on trying out to test their fate
on what it would look like here on meme coin field.  :)

I think it's worth it = High risk - High return but keep in mind this is almost the same as gambling which is prepared mentally when experiencing a much bigger loss. ;D

I also feel how profitable meme coins can be faster, the rest are many losses due to uncertainty in meme coins, so I stopped investing in any meme coins.

If there is an opportunity to immediately TAKE!, because what I see is that many people are too greedy in essence, when they have made a profit of 20x then they want to maximize it to 50x, the result is not achieved and the meme even goes down, finally they continue to hold it hoping to go up in reality it will still go down and not go up again.

You think so? So how do you explain all the fluffy coins that flooded the market?
https://coinmarketcap.com/view/memes/


Noob? Psh!  Let's just say that high-stakes investing ain't for the newbies and the wimps.

It sure seems magical when those meme coins take off, but you're right - it's no fairy tale.  Putting money into the latest doggie coin or whatever is basically just gambling.  You might hit it big if you catch a wave at the right time, but you gotta figure most folks will end up losing everything they put in.  I'm not saying dont take risks, but I don't bet the farm on this stuff either and  if you want something more stable that'll grow over time meme coins aren't really the way to go.

That's why I sometimes advice people to try buying some altcoin with only the money you can avoid to lose because some can come with potential to make it big in limited time. Although this should be done after some research. A beautiful logo isn't enough reason to buy a coin. The fact that he/she was lucky to make it with this coin doesn't guarantee that coin with good logo are good for profit, he/she just gambled and was lucky to make good profit from it. Good research should be done before you should buy any altcoin.

That's right, the low price and cute images are the attraction, so I consider memecoins a worthy and unique asset to own. Solana is a pretty strong oracle defending meme coins. Same as the BSC era in the past to deliver some successful people in the era of defi shitcoin at low prices. now the hype has changed and I think solana will continue to adopt meme coins for the next few months with new types, even meme coins now often hold rewards for holders, this is progress.

I still keep solana memecoins and some shitcoins, I believe there will be an era and season with what I keep, although some I got from hunting and some bought with my own wishes. I agree that meme coins are the first impression that makes an interest and the community is also quite large.

People are making crazy profits from meme coins so the hypes may never ends now. There are people who think holding meme coins would not be profitable but we just need to invest at the right time. Any projects that has the mind of their investors would always be profitable. That is the kind of projects we need to be looking for or else we might end up not making profits and not losing from the market. No matter how we see the market we should always give chance to meme coins because they can give us crazy profits.

I think what he meant is the fact that meme coin is a zero sum game (added with manipulation under the hood) and yes in every person that gained some money there are people that gonna buy at peak, thats just the rule and if those people that buy at peak are lucky enough to have the meme coin keep increasing later on then they gonna take profit and there gonna be someone else that buy at even higher peak then immediately it will hit highest peak and dumps, basically those that buy at the peak are the exit liquidity for those that buy earlier.
thats just how it is with meme coin in general I remember there are quite literally topic about people that buys doge coin at peak and saying that they are losing money.
undeniably such thing might also happened to any other altcoin out there, but the thing with meme coin is that there is no fundamental, no utility, that make owning these meme coin at high price absolutely useless.

And that is the fundamental problem with meme coins, anyone can make the mistake to buy an asset at its peak, however if we are talking about an asset like bitcoin then you know that even if you made a mistake with the timing of your purchase, the purchase of bitcoin by itself is not wrong and if you can wait for long enough you will obtain profits.

But this is not true with meme coins as the majority of them pump and dump just once, so anyone that bought at the top knows that most likely they will never recover the money they invested in those coins.

Well now the meme coin Shiba Inu is close to the marketcap of Doge coin. Shibu has market cap of $20.3 Billion, Doge coin has marketcap of $25.3 Billion.
They called Shibu the Dogecoin Kille. Maybe it will pass the marketcap of first meme coin Doge.
https://crypto.news/shiba-inus-shib-market-cap-on-course-to-reach-dogecoin/

You're right, we should be able to dive into crucial research about projects because finally investing without hard earn money because losses do come every single day. I'm never giving up but continue to hits harder in the system because I believe there's plans of making stupendous profits. Bagging altcoins but it should be within your own very level of the game, and don't ever surpassed your reach because as one is trying to gain massively from the market, he or she should also prepare his mind for what's coming.

The craziest thing I have found with these memecoins is one team have somehow got their hands on one of Americas most iconic domains and are using it for their main website plus offering @ CIA . COM emails as utility

It’s genius and pretty embarrassing for the real CIA I guess

They are calling themselves the Cats Intelligence Agency 😆

Honestly, go look at CIA.COM (http://CIA.COM)

Memecoins 1 - USA Government 0 lol

They don’t just pump meme coins once’s although their are some just after one pumping they don’t experience another one and the those who fall victim of buying it when the price is high have to wait for eternity before they can be able to see a selling price.

But their are few meme coins like, shiba doge, floki and Pepe which have been experience once’s in a while pump at least in almost all little market push up they always don’t stay behind the trend they use the market trend to appreciate in price again.

Actually meme coins is like gambling it is very difficult to tell when it will happen see how much meme coin is going up for some time it seems that it will leave all coins behind in future but we should be careful because it is how you profit  Giving can just as easily expose you to losses

Its true but as the market already accepted meme project and it has already made its position with over 65B dollar worth of combine marketcap then i think it won't be wrong to say its not that risky anymore if you are investing in top meme project like doge, shiba inu, pepe. Though i don't like to invest in meme project and believe that all of them will eventually die in the long run but this is true for most of the altcoin as well. So calculative risk in the meme project can bring some decent profit.

I knew about this meme coin before because it was hype and then the hype went away, and the news about this meme coin has risen again because this meme coin will be listed on Binance. However I was wrong because the hype for this meme coin did not disappear but instead increased and caused the price of this meme coin to rise drastically. I read an article that someone was selling WIF for 5 SOL and if he sold it at this time the price could be hundreds of USD.

Well, that's why the risk of memecoin is very big. However, because the price is easy, and the increase can be very high, it makes people enthusiastic about buying memecoins. I also intended to buy memecoin several times using not that much money. However, this intention was always canceled due to necessity.
However, as long as memecoin still provides profits, many people will invest. In fact, recently PEPE rose so high. People who invested when prices were low must have made a profit by now.

All that meme coins are pure cancer as for me but looks like it's attracting a lot of people to the industry that may be useful

When it comes to percentages meme coins will always come forward more than any other altcoins.Out of all my investments Doge coin has given me more profit than anyone else so the craze for them is not coming to an end soon.

A meme coin can't leave any coin behind. Based on their total and circulating supplies, one shouldn't have a long-term vision for them because they won't be able to survive for very long. Even if they do, they wouldn't be able to maintain their value or keep increasing in value over time since they are boosted by hype and there can't be hype for a single project for so many years if it doesn't provide any utility.

Meme coins are a part of a trend that will eventually fade away, so we shouldn't expect long term stability or returns from them but instead we should make small investments in them for short-term gains and be happy with whatever we manage to get from them.

Well yesterday Elon Musk did say that his company Telsa will support Doge payments in the future. There has been some rumors about that past years but now he did say it to a group of people at a event.
But all he did say is 'at some point'. He did not say when that would happen. But I do think Meme coins will still be popular if people like Elon Musk talk about it.
https://www.tradingview.com/news/cointelegraph:9779d7f63094b:0-elon-musk-dogecoin-will-be-used-to-buy-teslas-at-some-point/

one more thing and about SpaceX's 'Doge-1' Moon Mission which at the end of 2023 is very hyped, well will this year be realized as planned because previously it was postponed by the launch provider Intuitive Machines, SpaceX,

Yes. It is true that people like Elon Musk always attract attention and it is natural that people are waiting for some of his tweets on several social media platforms, especially about the Doge coin which we see is still growing very well and the coin will become increasingly popular now.

I think that most people realize that most of the crypto market is nothing more that a big gamble. In that sense, you don't need to pretend you are looking for some meaningful projects, but rather go for the silliest ones, the meme coings, and enjoy the crazy ride.  ;D

All coins have started pumping more or less as the price of Bitcoin increased at the beginning of the year. Top coins like Ethereum, BNB, Solana have seen a lot of growth from what they were at the end of last year. I think these are the times when investing in meme coins is the most risky. Meme coin always has high profit, which coin to invest in?  Choosing the right one is the most difficult task, even if the coin position looks good at first, it turns out to be a scam later. I didn't invest in the meme coin that created the hype, I'm not that interested. I mainly invest in Bitcoin and Ether, focus on those two but I have an eye on BNB and Solana, hoping both coins will perform well in the upcoming bull run.

I was in PEPE but got out too early.

Now I see PENG (https://www.mexc.com/exchange/PENG_USDT) having the potential to perform really well, and I got in.

In 2 days it went from 0.25 USDT to 1.20 USDT as we speak.

Can it be the next meme star?