Bitcoin Forum

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

Where do you guys get your conviction from? It's still too early to say whether or not $SPIKE will surpass PEPE. Also, if I understand you correctly, how did the said individual make billions from their $8K investment in SPIKE when the marketcap is still at $20m? Even the biggest memecoins like WIF, PEPE took a long time to attain the $B marketcap level so it would take a long time for SPIJE to catch up. If it was a cabal oriented token, retail needs time to catch up on the memecoin and it's narrative/culture.

TLDR, still too early to call it.

When someone risked almost 10k to gambling on the meme token. Believe me, he has a lot of money if he was losing his 10k invested on the meme token. He was probably aware with growth of such token, then he tries to put more money in order to join in the pump.

Not everyone can afford to put $8k into the meme token. If you were investing in the right meme token, it's a big jackpot.

Yes, I do. That's if my meme token has made progress. For example, it has been listed on many exchanges. And, the developer is active about listings.

This is what some meme tokens did.



You meant this token?

https://i.postimg.cc/nrNjdyrM/BIjeg.png

That's crazy if you called it has the same potential as pepe. Pepe was rarely having very low daily volume trade like that.

The largest memecoin, which is Dogecoin, has a market cap of $17 billion. I find it impossible to believe that a memecoin trader was able to earn a third of Doge’s market cap from just $8K. Even if they diversified into various memecoins this does not seem possible.

Maybe there is some unlisted coin that only trades on DEXs with really low volume where they might technically have $5 billion worth of this token, but they will never be able to sell it for that amount.

If there are no proofs whatsoever, it's safe to say that it isn't true. We are in an online world. A world where everybody can just make a made-up story, and many will admire or even amazed even though there are no proofs at all.
It can be or that investor is just an average investor, but a huge risk taker. Like I said, as long as there are no proofs, don't believe on it.
Investing in meme coins and making profit on it is all about luck. Most of them are early investors who risked their money investing at the earliest time possible. When it pumps, they can sell anytime they wanted to because they're the first ones who bought the meme coin and bought it at the lowest price possible. Small gains in meme coins are almost non-existent unless it's a high market cap coin. Usually, investors are making money on meme coins through pump and dump.
An indirect advertisement again, eh?
Not familiar with the coin, but just like PEPE, I will not touch the coin. Heck, I will not give any time doing some research on that SPIKE coin.

need proof of the tx otherwise its just bedtime story.

but frankly most meme coin that aren't so popular have problem in liquidity, if someone holds 5.7 billions dollar in that meme coin how he can cash out anyway, doesn't make sense to me.

moreover its probably just highly manipulated meme coin where there's next to nothing trading volume so that someone can just pump it with low amount of money and also the token holder probably is highly centralized as well.

doesn't seem like a legit story from my opinion, it's at best just random shitcoin/meme coin with pseudo value and is illiquid.

Depends on what specific instance, but it's possible if you were very early to things like PEPE, WIF, BONK, etc. In a lot of cases, it may seem that they're up 69696969% but in actuality, the token is so illiquid that they can only realize like 5-30% of the supposed gains.


I mean yea obviously how would you get huge multiples if you sell early?


You tell us lol.


By holding for long periods of time and being somewhat lucky.

Did you follow the narrative? I never meant the individual made that much from $SPIKE but from a Memecoin investment.

Still trying to understand if he kept taking profit or simply waited for it to skyrocket.  And about $SPIKE flipping $PEPE, if it's associated with same creator, the experience with PEPE should be an advantage or what do you think?

PEPE is among the top memecoins which has proven it's reputation in the crypto market, other emerging memecoins will likewise proof their reputations before we can categorize them as top memes. SPIKE, has to proof that it has the potentials to be compered with PEPE, it is left for it's developers to be innovative and we will see how far it goes.

As far the story about somebody that invested $8k and made billions in profit, I can not take a story like that seriously since their is no link in the OP to support the claim. It is probably a take to hype the profit potentials of memecoins and nothing more, anybody that does the maths will know that the story doesn't add up, so it's most likely a made up story to entice newbies to gamble all their funds in memecoins.

But eventhough PEPE gather already a good result still you shouldn't not call it as valid thing to look as reputable thing they made. I know lots of people earn from those meme coin but that doesn't mean that they continue to pump up just like what other people expect. Remember that there's no official information of the team created that PEPE COIN so anytime they can pull their rug pull scheme the same on what happen to other meme coin out there.

Although I understand that this meme coin gather already a lot of supporter, but they should take precaution and don't do all in so that they will not experience any huge damage if those what we feared to happen will occur.

There're MemeCoins with long term holding potentials which can be encouraging to keep holding even when the coin is loosing its values, knowing that the coin would rise again would always enhance the agility to keep holding but investing on those short term coins doesn't seem investment wise to keep holding knowing that you Invested on short term coin which its dipped is an end to the coins value. So it's worth selling of a when having that sensor of dip.
It stay confidence on your MemeCoins or managing your probabilities of lost, you must always research and understand the potential possessions of the desired coin.

It's hard to go from $1000 to $100K from memes when you're already 100% profitable. I'm sure a lot of investors will take those profits, and I'm also still curious why they can do that early and strongly hold whether behind it all is the developer who did it, this also needs to be a question mark.

Can the $SPIKE meme with the community surpass the $PEPE meme? If not then it will be difficult for $SPIKE to surpass $PEPE in the near future, and indeed now many memes are popping up they are called the next meme with big capitalists I'm actually not sure, and don't expect too much because we can't do that at full risk.

When you read that success story, you should have researched to verify this story, I did a research and so yes there is an investor and you can read his story here
A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion. (https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10)

The article was written three years and what remains in the wallet is $3.5 million
https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd so from 2021 until now he made a lot of withdrawals which is a natural thing to do.

There's no guarantee that it will turn out just like what happened to Pepe just because they have the same developer, investing in memes is a gamble sometimes you succeed but most of the time you fail, so do your research follow your investment and be quick to buy or dump.

I usually see it as luck for those that manage to get a huge profit from some altcoins. Because in my case, if I purchase a meme coin at a low price, the moment I realize a cool profit, I will just sell off the token and move on, but some investors are high-risk takers and are willing to accept the outcome of their investment. So, even if the price of their invested meme coin is pumping, they might not sell it until it has reached their targeted price. The target price doesn't come easily; even at some point, they will see a huge pump, and after some time, the price will still collapse. 

But one thing about investing in altcoins, mostly the cheap ones, is that if you invest a huge amount, just a small pump can give you a huge profit. Take, for example, when you invest $8k in a token whose price is $0.0⁶1 and you successfully acquire 80 billion of that token and luckily the price jumps to $0.0⁴9, that will turn your $8k into $7.2 million.

Thanks mate for sharing these links. It goes a long way to proof the story wasn't made up. Obviously!

It could be true since the altcoins are known fir this massive increase whereby they will have to yield a quick return on investment with high yield and on the same vein drop down as quick as possible after a the sudden rise, which makes it more highly volatile and more risk involved.


This is altcoins we are talking about, anyone of them could make one a sudden billionaire, all you need to do in by making an investment which is not beyond your capacity as well as making enough research over the developers of that same coin or token you are considering.

Since you are still wondering in the said furtun overrun of $8000 turned to $billion why then do you share the news here, because I don't see the essence of having this conversation here, since it not a verifiable news and there is no link attached to this update, it kind of wired and a waste of time to engage in such baseless discussion.

Possible actually, especially if you managed to pick the right token you could ape into. The rate of increase on memecoins are really remarkable in comparison with the majority of tokens however, pumps won't stay for long and if you'd be too greedy, be prepared to be everyone's liquidity. So yes this is possible with that amount which is already decent to hope for big returns but this isn't something that would happen most of the time and to most of the coins in the market. This happened most likely to him by basically making an entry on pre-sale because of how high the amount multiplied into.
Might not be verifiable but if you're long here in this industry, you'd know such thing is possible but not solely with memecoins but to many new projects with low market cap. This is just a reminder to know when to take the risk and when not to. Some things happens by chance.

So these actually happened. I gat to keep watch on Bitget memezone then and discover a billion dollar mcap meme ahaha. Only meme can turn you into a millionaire in a flash.. high risk, High rewards. What the deal with SPIKE?

I you want a good altcoin to buy, I would suggest $MEGG (contractadress 0xdDA61672E14882A94DBE123534871f88315e22f8) available on Uniswap. The developper didn't know anything about coding in Remix, smart contracts but made a hell of new token. Absolutely no rugpull!!!

Website: https://meggonetherium.my.canva.site/#home-5
X account https://x.com/meggonetherium
Telegram https://t.me/meggonetherium

Description:

$MEGG - Contract adress = ​0xdDA61672E14882A94DBE123534871f88315e22f8

It’s time for the most ​recognizable meme in the world ​to take his reign as king of ​crypto.
$MEGG is here to become bigger than Pepe ​and the other Boys’ Club characters.
MEGG is tired of watching everyone play hot ​potato with the endless derivative Boys’Club ​coins. The Pepe's, Andy’s, Landwolfs and Br​etts ​h​ave had their day.
Launched stealth with no p​resale, zero taxes, LP burnt and contract re​nounced, $Megg is a coin for the people, fore​ver. Fueled by pure memetic power, let $MEGG​ show you the way.


TOKENOMICS

Token Supply: 100 000 000 00​0​
Zero Taxes, no bullshi​t
LP tokens are burnt, and contract ownership is renounced.​ ​

ROADMAP:

Phase 1 : Launch , Buy and Hoddl, ​Megg meets Mogg
Phase 2: Megg and Mogg  trav​el to Amsterdam
Phase 3: Megg and Mogg tra​vel to Tasmania
Phase 4: Megg and Mogg tra​vel to the moon
Phase 5: Megg and Mogg t​r​a​v​e​l to Uranus

Legal Disclamer :

$MEGG coin has no association with Simon Hanselmann or his ​creation of Megg and Mogg. This token is simply paying homage to a meme we all ​love and recognize
$Megg is a crypto coin with no intrinsic value or expectation of financial return. Just ​because some people are getting ridiculously rich buying crypto doesn't mean you ​definitely will. $Megg is to be used strictly for entertainment purposes only

I know that it's very possible that someone can turn small amount into a larger amount through memecoins. $8k to be honest isn't that small, only a few can afford to invest that to a shit project. Turning into billions? very rare but not impossible.
And with stories like this, many capitalizes it for them to shill the projects that they're working on. Well, who knows with that effort there could be another millionaire - billionaire, from rugs to riches stories from the same strategy.

It's almost impossible to do that.  Yeah he didn that during the original memecoin pump.  Back then there were only a couple so the money was centralized.  Now there's a million memecoins.  Too many people are spread to thin in the market.  Jist not enough money in the market to support a pump like that again.

Agreed unfortunately, I would like to see a link or proof of the story the OP portrays. Could quite easily just be a developer or large holder of the shitcoin in question. These kind of things do happen but it’s rare & I’d like to see proof before I even thought about buying the coin.

Highly unlikely, enough for most people to not even think about it. Even those who can are either delusional from just waking up, are really rich people who can ignore the possibly high amount of money that they'd need to lose to make that highly unlikely situation a likely one, or are part of the development/marketing team that's obviously trying to create noise to say that they're coin converted someone from rags to riches.

Personally, I'd only ever think of being lucky in profiting off of meme coins. There's no rhyme nor reason in trying to chase profits from it imo.

He took a risk.

Investing 8k usd into a memecoin that you have no 100% guarantee that can give you profit is a risk and one that is taken by a brave individual. Not everyone has this much money let alone bravery to invest this much. It is possible to find a memecoin during its early stages but not everyone will rise to give you billion in profit.

There could be something that will take a while, which isn't really a great deal. I am just talking about something that is not going to be that easy, it should be a hard time dealing with something like that. A person who turns small amount into millions has two options, one is easy but quick end, the other is very tough. If you say "this is enough" and stop, then you are fine, but if you keep working and trying to make more then you are going to face troubles.

Also, I am 100% sure, not even like 99.99999% sure, I mean like 100% sure that nobody turned 8k into 5.7 billions, sure some people made some money, but nobody made THAT much money from memes, it would have required them to sell, it could be some spike that they couldn't sell out on, like on paper, but nobody "made" that profit.

The story is legit coin-investor posted an article about that, including the wallet and all of its transactions
https://bitcointalk.org/index.php?topic=5503000.msg64328158#msg64328158

This is why so many people are attracted to memes because there are proofs revolving in the internet that you can make 10000% percentage if you find the right meme to invest in, so people keep looking for the right meme coin to invest and developers keep creating new memes.