Bitcoin Forum

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

It's luck and it's not always the case, shitcoins are like pump and dump coins or Ponzi schemes, the one who got in or bought earlier will have a good chance to profit, some of those who made a profit from these shitcoins are investors in launchpads where they qualify or verify themselves first before buying very similar to private sales, and once it opens to the public they dump their shares.

At first glance, people see this as luck, but I see you as someone who was the previous "pioneer" of shitcoins and meme coins and risked it all rather than someone who appeared after the resurrection and then the time of destruction would come.
I call them people who are able to be present in the moment you take advantage of with the aim of getting a lot of benefits.
invite anyone to come early to join.

I think Shiba inu is an exception to the rule, now there are just a lot of meme coins, and it's hard to find such success as Shiba inu, many just want to earn meme coins on the hype, but in fact such coins do not carry any technological breakthrough, I would invest in such projects with caution.

Yes, I will call that luck for you because you make money from shitcoins that many of us avoid buying. Not many people have the same luck as you because they will buy different coins and not involve in shitcoins. We never know which coin will increase in the middle of their journey and if you buy that coin and suddenly, boom, the price increase, you are very lucky to make a big profit. But I suggest that luck will not come to you many times and you need to research for more to buy the coins and not depend on luck because you can feel disappointed.

Most meme coins are only short term base investments so if you happen to buy these coins early and manage to sell at peak then you are in luck but just know they are not worthy enough to hold for a long term, doing so and thinking you can make x100 is taking a serious risk,
Since the majority of them shitcoins often end up becoming a scam and making investors lose their money is the reason why majority of people speak against them.

It's just because you dared to enter early and luck has also been on your side, and even though you have felt it at this time, it doesn't mean that shitcoin is a good thing, because a good product is for the long term not for a moment just.

If you happened to just invested on a whim and on random shitcoins or good start-up projects then that can be considered as luck. But if you have done a thorough background checking and research about the projects you invested in like it's developers, partners, community, usecase and more, then that absolutely is not luck but a precise investment plan.

This is what people most of the time misinterprets, although not morally good (since you'd rather support worthless coins than the good ones that really help this industry) shitcoin hunting is a great and easier way to make some huge profits. In fact, if I had to compare it with trading I would say that it is more profitable and a better choice for people who have less financial capabilities. Shitcoins are gold mines if you are aware of what you are doing.


Edit : I am referring to trading that needs excessive technical analysis that needs deep understanding of a few if not several indicators, price movements (candlestick movements and it's patterns and their names) and more. Plus strict discipline and emotional control (which differentiates it a bit from easy trading that's done from fiat to shitcoins and shitcoins to shitcoins).

Since the vast majority of cryptocurrencies are not built on any real foundation, your question regarding profits with shitcoins can be answered clearly: yes, it's pure luck ;)
The price is not generated by a real benefit (unlike Bitcoin and Ethereum), but only by speculation.

I would say it's the timing of your investment to the altcoin market. And perhaps you did get out before it goes down, so again, there is no luck but the perfect timing of getting out before you get trap inside the pump and dump market of meme coins.

Unfortunately, I think majority has lost specially newbies in this kind of game. Because obviously, they are inexperience and think that the market will always go up which is not the case for meme and shicoins.

That depends on the circumstances.
If you're secretly part of the team or group of whales that are organizing pumps and dumps (which mostly happens with meme coins), then that is not luck. It's a savage move that preys on those with weak hands.
If you bought a meme token 'cause you just want to ride the hype, doing no research, then it shoots to the moon the next day, that right there is luck.
I read before that some dude was even crazy enough to put $1k to any meme token he can ever find; surprisingly enough, he made good profits out of that crazy move.

As you have said, you want to be the first and early bird so that is not luck.

Luck only enters the picture when you don't study the coins that you are going to invest and just hoping for a miracle to happen like going up in short amount of time. But I would say that you are a smart investor more than anything else that's why you get the best profits for your investments.

Pure talent ;D . I know a lot of people especially on my social media/ internet friends that share their gains by just investing in random shitcoins or meme coins. I really admire them, they are being risk-taker and for sure they or you are also doing such research.
Because if you start playing with shitcoins or meme coins, you can't guaranteed or the risk is very high.

it can be called luck, it can be called smart. This completely depends on the person's situation and position. Because the inevitable end of cryptocurrencies, which we call shitcoins, is to throw rugpull and run away. But if you are among the first to buy and know how to get out at the point that satisfies you, it is smart. But if you do not come out where you should, and wait stubbornly, and this token is still rising, then this is luck. But I must point out that when investing in shitcoins, you should definitely invest at all risks and greed should not be. Otherwise, all your money can be vaporized in 5 minutes.

If you bought those coins without doing technical analysis and just think that "I will buy it now" without thinking anything then I can say it is just a luck but if you bought it because you do technical analysis and you think it is a support or it will pull back now then that's not luck. Not only meme coins do a pull back this week there are many coins that do a pull back so I can say it might be just a coincidence that you bought a meme coin and you have profit so I can say it might be a luck. Congratulations by the way, I think you bought coins at a good price.

You can't always be making profit from shitcoins if you don't get in early and leave at the height. You said you do get in early, I'll like to know how you do that because my first thought was that you are part of those involved in pumping and dumping this shitcoins and if that be the case, it's not luck.
If you just happened to be a random person that buys shitcoins and is always making profit, I have this for you that soon you will run out of luck atleast on one occasion. You can't always be lucky 😉

It's a combination of luck, timing, and analysis shitcoins have their own pump and all-time high if you are not greedy and sell at the right time you can make a profit from these shitcoins, you just have to understand the nature of this shitcoins, they have an all-time high and will eventually lose their value, they are not made for a long term if investors see that developers are late in their roadmap and cannot keep up with their platform.

Investing in Shiba Inu also still needs to be careful although in general the success of Shiba Inu has been seen since last year and there will still be updates this year so some people are still expecting a very good increase in Shiba Inu this year.

You are lucky to have gotten in all that and made profit in meme coins. Only few people are as lucky as you are and that is why we are asked to avoid investing in them. Alot of people get liquidated putting their money in them. Since you are this lucky I do not think anyone will be right to ask you to stop investing in them now. People have different patterns that work for them. Continue with yours.

You got lucky. You invested in one of the top well known meme coin, and you made some profit due to the current increase in price (which wasn't a lot, so not sure why you are trying to sound like you got rich overnight). Look at how many more meme and shitcoins are there in the market. And see how many people lost their money investing in those shitcoins. Only few people get lucky. Rest loses everything. Not worth taking the risk. So stop encouraging people to invest in shitcoins.

Yeah you're lucky enough to be a part as early joined in the meme token. You can imagine when you have become a part of late joiners and you will not able to make profit from the meme token. It's about how early you get into the market to buy meme token and you will need to sell this once the price of your meme token is growing.
Don't you even know this is the key?

It's pure luck. None knows shiba will be so big as it's now. You could not even predict if shiba will be big.

Luck is for those who buy shitcoins and meme coins early and hating those people who invest later and suffer loss in shitcoins and meme coins, Shiba Inu is the same luck for those who invest in early but most shitcoins and meme coins pump and dump and after that goes zero so this was a hype of shitcoins and meme coins but now only good meme coins will exist other will goes zero.

I like your way with buy and invested on shit coin, maybe do you have your channel where give information about which one shit coin early entry? I like and looking channel can update early shit coin because always give lucky when early investing with shit coin, just give scam later when investor have too late buy back and entry with coin, they can loss much and I was happy with your experience how to get lucky with shit coin investment.

You may be searching about them and you may join them in the beginning seeing their future strategy. If anyone find any coin and look at their promising roadmap and in any way they ensure you that they will complete all of them then you when enter at that initial time get a good profit. I think it is the work you do on searching the projects.

I think you are lucky enough to invest in shitcoin because you entered when the initial release, so  gave you the opportunity to make big profits, but that is not the case with some traders who actually lose a lot when they enter at high prices, I think shitcoin is heavily influenced by the hype there is, so if you enter when the hype starts, of course you will likely be able to benefit, but if you enter when the hype has started to quiet down or end, of course you will get a big enough risk in my opinion.
So far I will only invest in shitcoins that have a clear roadmap and I usually only try to enter at the beginning of the coin's release and sell when I have made enough profit, so far I personally will never try to hold shitcoin for a long time .

Meme token = gambling. If you're lucky guy and you will able to get in before it was getting pumped. This is what we have called that as a gambling with the market. Once you will able to be  early buyers and then you win. If you will not able to be early buyer and i can say that you will be loosing your money. Buying meme tokens are about betting on the pump and this is fully speculated. You make some money and others are loosing money.
In this case meme token is very similar like a gambling but the only thing that makes it better if you can cut loss your money once you have faced a very big dump for your portfolios.

Apart from the shitcoin benefits that you have already gotten, it is a distinct advantage for you. However, we keep reminding that in shitcoin the risk will be much higher. The reason is simple, in shitcoin scammers create meme tokens in various ways, which makes it difficult to filter which meme coins are good and which meme coins have deceived new investors a lot.

Congratulations. You got your luck of making a big profit from meme coins. I think meme coins can work for short-term investment and not hold too long as the price drops drastically. If you can see the price is increasing so high, you better sell the coins and save yourself before the situation changes. As long as you do that with the other coins or tokens, you will profit, but you need to be careful because we do not know which meme coins will increase and if you do not know many things about the project, that can be a gamble for you.

yes some people will call it luck, but in my opinion it is gambling because we risk money with a high risk even though it is very wort it when we enter at the right time and get big profits.
maybe for the first time buying your shitcoin and succeeding in giving a big profit there is no guarantee that it will happen again in the future, because of the many births and growing issues about shitcoin that will be high in price there are only a few who succeed, the rest return to trash.

IMO this can be said to be lucky if indeed we have been there since before they were pumped like a lot of people who became billionaires because of doge some time ago and it was a stroke of luck because they certainly didn't expect this coin to soar.
But if indeed they already know this meme coin has soared due to pumping and manipulation but they still make a profit when they get in there it's not luck anymore and I can say it's a pro who can take advantage of the momentum and take action to benefit him personally.

Its not pure luck it's smartness, you can avoid any ruckus in crypto space when investing in new projects if you know when to buy and sell them, this doesn't mean the projects have to be top notch or shitcoins, the only risk is rugpull there is no way to see that coming.

High-risk high reward.

I remember when a friend of mine told me about shiba. When it was about to be listed on its first exchange (hotbit I think) When I did some research on it, I could not find anything special (no use case ), so I ignored it. But one day suddenly my friend calls me and starts asking me "you bought shib" I said NOPE. Then he told me his $50 turned into $7800 I was like What ***... It was unbelievable for me tbh. Anyway, congrats and good luck for your future investments.

Friendly advice
There are many scammers those create tons of shitcoins to attract newbie investors. They always give a example of shib or such tokens but in reality it is not easy to get such success as it was adopted by elon musk. and binance listed it which is kinda impossible for shitcoins

Personally, I don’t see anything special in this, since everything that happens in the crypto market is somehow aimed at making a profit. It’s another matter if you can see exactly where you can quickly get great profits, and whether it’s BTC or top altkrines and even shitcoins, it doesn’t matter. As for your particular case, then yes, you just got lucky, for which, in principle, I congratulate you.

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

Probably yes.
I think you were lucky in choosing the right time to buy and the right time to sell (you sold it yes? ;D ).
But not everyone is so lucky, we have seen a lot of people loosing money as I have described in this blogpost... and it's not always possible pocketing easy money in that field.
I remember months ago when I wanted to short shiba on eTORO...  the system only allowed me to buy/long ... ::)

If you ALWAYS got in early you would have given back all of your winnings from Shiba, because there have been 1,000+ more shitcoins released since then that were pretty much all scams and rugpulls.

So you got lucky ONCE on the shitcoin lottery game and, sensibly, seem to have ceased shitcoin gambling there after winning.

You were actually lucky indeed, because besides buying the tokens on the right time, you have also been lucky to pick the correct memecoins, as not all of them have stories of success even on short run.

But if I were you, I would change my investment strategy from now on, because even though you are having positive results investing in memecoins, it's still a risky deal that may lead you to lose everything you have gained so far.

There are so many meme coins of new projects being created that it's very risky to buy meme coins without knowing proper project analysis factors, Shiba is something that other meme coins don't have so don't take any chances on other new meme coins. I warn you not to be greedy for meme coin profits because the meme coin hype is currently very low and we are in the metaverse and nft hype.

Yeah, it's luck, OP. Nothing more than that and it doesn't make you a skilled trader if you're purely relying on it. Good thing that you still made money out of it regardless. Shiba is like the least meme coins that I would even consider to be somehow "a little worth" of investment and other meme coins can just go and disappear out of the market.
Shitcoins also won't sustain you in the long-term, so you might need to change your mindset in that, OP.

Go on but do not cry here and complain that shitcoins have scammed you later on because as you know, we have people here that are like you and likes to brag their gains from shitcoins but few moments later they go back and starts crying regretting on why they do not listen to our advice that shitcoins are not ideal for investments but they are not different with gambling.

Gambling are in fact a little better because skills can sometimes matter but you do not need an amazing knowledge or skills before you invest in shitcoins because all shitcoins are the same anyway. They do not have real use cases but what is the point why they exist? Right, only to scam people.

Good for you but not all would really be ending up on the same line because not all is capable on dealing with multiple investment or financially capable even if they do like to dive in but they dont have much money to spare on thats why its inevitable that we do missed out these chances most of the time and also people couldnt really just easily believe into those meme coins and other coins which it seems that doesnt have value
but due to some hype and high interest then it isnt surprising that people would really be having this kind of behavior.

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

In this world of mutual deception, where is the real good product to be found?  Only by being practical and seeing the true value of products can you make money in the long run. But the shitcoins is a pure scam which comes with a lot of twists and turns!!!
Indeed, the cryptocurrency market is full of opportunities. If you are lucky, you will win a great fortune. And don't forget that natural disasters sometimes happen, investing in digital currency is fraught with risks.

Then I can tell you that you not a full time investor, I am yet to see a concrete investor that doesn't have a failure storyline. It is either you do not invest often, or you are making it up, memecoins and shitcoins are still very risky even if you were the first person to buy it, infact there aren't many shitcoins or memecoins that gave holders profits, the formula of buying early won't save you when you invest in the wrong project, so be careful on your financial advice.

But there's still luck, that depends on how you perceive that gain you've made. Like the early buyers of bitcoin, you can them lucky but there's also the understanding that they've shown because they've brought early despite the bash that bitcoin has taken on its early days.
Well, it's all about profit and whoever makes the best from it gets and deserves to earn the money that he has with it. Usually, it's really the risk that you've taken and the reward that you're going to get.

Yes.

If you are buying memecoins and expecting a return on these things other than straight up entertainment, then you are essentially gambling.

What you've done is luckily select a few of the outperforming memecoins - whereas most of the new ones that pop up actually don't generate a positive return for their investors at all.

Certainly time to rethink your investment strategy while you're still ahead.

Maybe you are full of luck.
But, I don't think that you are such lucky always.
Actually, many people hate those kinds of shitcoins because of the hype, non-fundamentals, and also the condition of pump and dump.
Many people who don't know exactly how to treat them will commonly lose money very easily.
In this case, we can see only a few people who can utilize every chance to earn money from the shitcoins, by utilizing the pump and dump condition.
As long as you know the right time and you have been usual with the characteristic of shitcoins, you will be able to win the games of pump and dump, and end up earning much money.
But once more, this kind of coins are very dangerous for newbies or everybody who don't really know how to treat them well and appropriately

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

In my personal opinion, if this is only a matter of luck, you will not always win every time trade the shitcoins.
I believe that you have understood about the cycle of shitcoins, how the price will occur in the first market and will be hype enough, how the way you pick the token when the price is still at the beginning which is commonly very cheap, and you know that the right time to wait for the pump market. So, the price will commonly pump skyrocketing. At that moment, you can take the profits. Or, I don't know the exact strategy that you are using. But I know you know it and this is not a matter of luck 100%

I really don't think OP doesn't have any trading background for at least having the basic knowledge coz he even knows that he is trading meme coins. I agree that was a piece of luck for him to earn a huge profit with the use of meme coins. Well, that is something that happens to any of us but if we are checking the market trend very often, I think we can somehow not miss a chance to sell our coins is the most favorable price.
That is good for him actually, but OP I'd just warn you to be more careful in the next top-up especially if you still choosing meme coins.

Making big profit out of shitcoins is just luck and the same can't be attributed with the market movements. If you've invested on Shiba or on some of the shitcoins that have been getting turned to be a potential altcoin during the recent downfall, then it can be considered a market learning. Slowly the market for Shiba is getting stronger with regular update to the development along with more partnering and acceptance on stores. This enhance the market than being a coin that is a choice of luck. Shiba to keep its market have been burning the tokens and keeping the market stagnant without big fluctuation.

We can call it but in some cases we cannot call it as shitcoin if the community is increased and when major exchanges love to list it. Now just think coinbase came to favor shiba inu and Elon Musk came to favor dogecoin so at that stage we cannot call them as shitcoin.

Unfortunately, you were just lucky. Of course, when there is a bull run on the entire cryptocurrency market, it doesn't matter what you buy, because you will earn on every coin. The only differences can be that you earn more on one currency and less on another. However, when we have a bear market, or the situation is stabilized, the prices of only good projects increase, then you can only earn money if you do very good research of the project and do not buy it randomly.

I'm afraid I have to call it luck, some people have been lucky with their timing of altcoin investments and it has fetched them good ROI, but many more people have been left with dumped coins after quite a lot of this shitcoins dumped right after pumping, it just basically goes down to when you invest. People call them shitcoins not cause they do not give a few people good returns, but because there are so many new coins and it's so hard to know that which is good, also cause they are pump and dump coins that only last for the short period. But having said that, if you believe in the projects you invest in, you can go on putting your money there, but try not to invest more than you can afford to lose.

these people do a big mistake when they enter in a coin when they see a coin rising and multiplying in value and they put their money at that time. They have to know that all coins have their time to appear on the top and after that they behave normal. Only those get luck who do continuous research and find a good project and invest at good time before everyone put their money in it.

you are very lucky. congratulation for you.  :)
very rarely do people benefit from shitcoins or meme coins. of the many people i know, they always blaspheme meme coins or shitcoins with the excuse that they have lost a lot. i salute you for daring to enter early with a very big risk.

i think you are crazy,  ;D ;D but you are a lucky investor.  i hope your luck doesn't run out  ;)

Is not luck. You are not alone on this. Most OGs who are always too careful with their investment, often miss out on opportunities like this to invest in shitcoin, because they feel those projects have no use cases. Like they say, 'invest when others are scared'.

Sometimes there are people who get too excited when they see the temporary hype and they forget to do their research,
before joining and investing in a project it is very important to do some research,
what is clear is that crypto is very risky, even the slightest mistake can make us lose money

Well lucky for you that you made profit with meme coins because some of them were not increasing anymore. You know not all meme coins are profitable because many of them are failure and also many are scams.. If you keep investing in meme coins I'm pretty sure that you will lose more than earning profit with it.

The success behind every crypto story is the teamwork, whether the project is a meme coin or not it depends on how good the team and developers are, there are few projects with less demanding use case that are doing so well today.

You could make a profit with any coin or token in the short term, but that is not really an indication that the token you bought is a great one. Just because it is profitable to some people doesn't make it a fundamentally solid coin or token. Shiba is a great profit maker to all people who bought it early, would it still be a great one after 10 years? Of course not. Same people made a profit from XRP and BCH and BSV as well, where are those coins and tokens now?

Nowhere where they used to be. Which is the same thing for doge and Shiba as well, it could be profitable for now, but you wouldn't (or shouldn't) hold it for 10 years and that is why it is mocked.

luck could be the sole reason you are making it big in investing in all these shitcoins and memecoins although I honestly wouldn’t say that you are investing but just gambling your money in these shitcoins.
you are making good profit from these shitcoins because these shitcoins are rather volatile if compared with other form of investment and they usually depends heavily in the market mood and the current market trends.
but you should remember if you are making good profit from the volatility nature of these shitcoins you could also be losing massively in this volatile nature of shitcoins, just be prepared because you couldn’t always profit forever from gambling and the market of shitcoins itself usually being manipulated heavily.

Fortune can enter at the beginning with the opening price, of course if you look at the current price it must have a very extraordinary advantage. Very lucky you can read the right moment by deciding to join memecoin, surely you wouldn't think that now the coin is already famous and the price has soared

It doesn’t really matter if it was luck or not, you did well& that’s all that matters. What I would say is coins like SHIB might not be guaranteed to do well long term so if you’ve made huge profits on less well known coins it might be a good idea to convert large % of those profits into bitcoin.

It's still luck. Meme coins aren't even worth the risk. My colleagues all quit in these meme coins 2 years ago and turned to NFTs now as it is well hyped more than these meme coins. It's more worth of a risk to just go for the top 5 coins in the market, although I can still recall Dogecoins making it through  the top coins. Depending on hype by a certain celebrity, it's still risky. Maybe another tweet of Elon Musk wouldn't trigger a hype. It's a "walking in an eggshell" situation.

Yes it luck because 99% of memecoin proved scam or now trading very low. Shiba success was Binance listing and proved best memecoin in meme trend. I also made big profit in safemoon and safemar but Thanks God i sold at time.
Now meme trend is over and we cannot expect big Like Doge,Shiba,Safemoon,Safemar

I am in favor of the fact that there are coins that are not worth the effort, but there are people who see potential, buy it and take advantage of it when it goes up, and that is not just luck, it is knowing when to buy to take advantage of the pump, I have a friend that he trades only with the pumps that appear more than anything on Binance, and he learned many tricks, such as determining when to buy and when not, of course he has flaws, when the market is bearish he usually loses very often, but he knows how to take advantage of the moment and he has that talent to see when a currency will rise.

Meme coins are not always bad, if we can analyze them well, then we can buy at the right time and sell them before the dump. Then of course
we can make big profits from meme coins. Not only you lucky and can smile because you get profit from meme coins. But I'm sure there are other
people who are also lucky enough to make a profit from meme coins. The problem is that more people suffer losses when investing in meme coins.
So I'm one of those people who don't recommend investing in meme coins, the risk is very high, investing in pump and dump coins such as
meme coins. Especially for newbies who are interested in buying meme coins because they are influenced by influencers, it is clear that there will be
losses due to lack of knowledge.

It wasn't just a piece of luck.
But you made the right decision of selling them while the price is still high coz if you don't and trying to hold until now, you are in regrets which many people are doing.

I'm not suggesting people not to buy meme coins as it was their choice but just to say that never hold them longer and have to sell them right away if the price spikes. But if we are aiming for long-term investment, this can never be a good choice of coins.

You're picking the right meme token that gives you decent profit, is not this your luck? So many meme tokens have become a scam token before it was getting listed on the exchange site. that means if you didn't get this project and you're so lucky enough and able to make good profit from the meme token. it's not anyone would be able to make it happen as so many people are always lose in the meme tokens due to the various reasons like the token has become a scam token or the scammers are rugpulling the liquidity from the liquidity pool. You must be so lucky to enter into the market at the correct time.

It's not luck if you time your entry. Meme coin is majorly pump and dump as such if you are early enough to invest you can possibly catch the first pump do your early conversion wait for a dump buy more or less and wait for another pump. It's still a risky venture but since it's been backed up by hyping one can easily take advantage of it and back off early enough

Luck is with you, man. Not many people get lucky with shitcoins and meme coins, but you benefit a lot from them.

I think it's all just a luck factor where you take the shiba first before fomo, so you can get double profits, but if you try on other meme coins it may not be the same as you get profits like shiba

Of course, it's luck, because some shitcoins will virtually send someone back to their villages, but if you're lucky, I believe shitcoins will bring you a bigger profit than meme coins. However, good study into some shitcoins can pay off; if one can monitor the entire team behind the project and discover something positive about them, he or she can buy and keep the coin without worry; if such shitcoins make you money, we can call it your concept or your own trading expertise.

We never realize which coin will increment in their excursion and assuming you purchase that coin and abruptly, blast, the cost increment, you are extremely fortunate to create a major gain. Since most of them shitcoins frequently wind up turning into a trick and making financial backers lose their cash is the motivation behind why greater part of individuals oppose them.

It must be luck for sure since you are making profits out from those coins that have no use cases and are considered bad investments, the reason why most of the investors stay away from it. But just a friendly reminder, meme coins and shit coins will never be profitable all the time, and they are only good when there is hype and usually, they are just for short term only. If you plan to invest for long term profits, look for those established coins that have high potentials and are promising to succeed in the end.

Shit coins and meme coins will never give us profits for long term but its undeniable that a lot of investors take risk investing in them as they could give profits temporarily. And i guess OP you're one of them. But always know that these coins are incredibly risky and its like your gambling your own money and end up losing before you knew it. This is the reason why wise investors never try to invest in memes and shit coins because most of the time the end result is not profitable.

It's just luck if you do that without any basis and analysis, I mean if you buy a random coin without knowing what it is and then suddenly boom explodes, suppose you won the lottery mate. But if you do analysis and monitoring before entering, then it is a result of your hard work when the coin gain many times.
Other people don't know what we're doing inside, so let them have an opinion.

It is not surprising that you made most of your money from shitcoins and you must also realize too that there are also a lot of people that lost money from other shitcoins too. Aside from Dogecoin and Shiba Inu that long-term Holder did make some profits from, the problem is that these shitcoins ain't really a good option for long-term investment. Many new meme coins didn't make it like do two did and many people have invested in them, so I would agree that you are one of the lucky ones.

I would like to look at the statistics of who made and who lost money on shitcoin investments, if it were possible. It seems to me that Zotak337 is rather an exception with his luck or talent as an investor at shitcoin. Most people are not so lucky with shitcoins. I know what I'm talking about because I'm one of them too.

You are truly the lucky one of the lucky ones, investors I know all lose money because  meme coins. A coin only bumps and dump in a short time or even disappears. But I think luck is not always on your side, so get away from them as soon as possible before they can take everything you have.

The ability of an investor to get in early will stand the chances of earning huge profits, just like the OP was very lucky to have invested very early, however majority of newbies usually buy and put their money when the price had peaked which culminated to massive losses at a time when it's price started dumping because these meme coins are pump and dump coins, once it is overbought the rate at which it dump will be very high due to its volatility, I will rather invest in credible coins than those meme coins.

I don't think it is just luck.  People who are equipped with knowledge and experience can make garbage into a fortune.  I know you invest in lots of shitcoin but I believe you are very aware that most of them will fail but, you have the knowledge and experience on when to sell in order to reap the best reward.  You gambled but not just gambling in a blind way since you have the plan and know why you invest in them.

I would not leave everything to say that it is pure luck, maybe you invested at the right time in the right coins, that luck had a lot to do with it? yes i would say 80% was lucky but the other 20% you have to give yourself credit, maybe you could have seen a good move or potential in the coins you picked or maybe you could have seen a possible pump going I could take advantage of it, and that's not bad, on the contrary, it's a risk that you took and that paid off, I really see it as something very good.

You are lucky because the increment in scam meme coins and meta coins have grown higher compare to 2021, now if care isn't taken you will surely get scammed because scam coins are everywhere, shiba inu was a successful project that many aren't expecting much from, it just happened.

Yes. it's a stroke of luck. There is no shitcoin that can make money, there are only one or two such shitcoins. For this reason, many people hate shitcoins.
Shitcoins like Shiba can be profitable when there is hype, apart from that I think it only makes our capital go to waste, believe it or not you can analyze it yourself. I'm not forbidding, but don't focus too much on shitcoins.

Maybe this is indeed an expert in analyzing a memekoin or shitkoin so that every coin you hold can indeed get satisfactory results and this is also a good luck for you and I'm sure not always this can be felt because not all coins that we hold in accordance with what we have predicted, and currently very many investors are harmed by memekoin because the price of coins can not increase properly even happen dratis decrease.

I think the so called 'shitcoin' have created few millionaires and lots of losses for those that invested in them. Basically, shitcoin is all pump and dump shit, it benefit no one than the owner and early gamblers! The fact that it work for you does not mean it hasn't cause sorrow and pain for many others!