OG's Secrets to Profitable Meme Coins Investment

[Altcoiner007]

While investing in meme coins poses significant risks, meme coins can also bring quick profits. I've seen some token prices skyrocket and yield significant profit to investors and I have also seen prices of some meme coins crash suddenly, causing substantial losses for investors.

Aside scams and rug pulls being prevalent in the meme coin space, investing in meme coins can be tricky but exciting. It's exciting for those who have mastered how to be profitable with meme coins.

After a few research, I realize there's a swift shift from Solana memecoins to Base chain meme coins. While considering catching up on MferCoin $MFER a meme token trending on the Base chain, I began to review a few lessons I've learned about staying profitable with meme coins and cryptocurrency in general.

First and the golden rule is investing only what you can afford to lose. This is golden because investing more than you can afford to lose might lead to financial stress.

Secondly, When investing in meme coins, consider spreading out your investments. Putting all your funds in one meme coin can be risky. Diversify your bag across different projects to reduce potential losses if one coin's value drops.

Another very vital lesson to consider is researching before investing. That it is meme coins in discourse doesn't mean one should invest blindly. There's need to check out the team behind the coin, their community's engagement.

I visit this forum often for opinion about certain projects, I check Platforms like Reddit, Twitter, and Discord to see where communities discuss these coins and share information.

To become profitable in meme coins, it's best to buy before the hype. Buy when the price is ridiculously low and take profit when the price begin to surge, then leave a bag to watch how much it will moon.

Very important also is following crypto influencers and joining Alpha communities where new tokens are mentioned before they trend.

Are there lessons I have left out? Do share your insights below. And what do you guys think about $MFER?

[Bitstar_coin]

To me the only important thing to note while dealing with memecoins is invest what you can afford to lose. Memecoins are not safe investment so it is very important to minimise the amount to invest.
Use dextool to check all relevant info, hopefully it is not a honeypot.
While it is very easy to make good amount of money through memecoins, it is equally very easy to lose it all.

[coin-investor]

To me the only important thing to note while dealing with memecoins is invest what you can afford to lose. Memecoins are not safe investment so it is very important to minimise the amount to invest.
Use dextool to check all relevant info, hopefully it is not a honeypot.
While it is very easy to make good amount of money through memecoins, it is equally very easy to lose it all.

I share your opinion, meme coins are trending right now, but that doesn't mean that they guarantee a profit, finding a gold mine on meme coins is like looking for a needle in a haystack, a lot of my relatives lose a lot of money investing in meme coins that comes along.

So it is better to invest what you can afford to lose and accept your losses, always check the fundamentals like usability and how the developers address their supporters and community.
The skill and the reputation of the developers are important, but because so many of these meme coins have anonymous developers, they can do rug pull anytime, which is why don't pour everything expect the unexpected in a highly volatile market.

[crwth]

I think investing in meme coins is a double-edged sword. There are only a few gems that would allow you to profit and you need to be one of the first in line to get that as well. Like when it's just so little in value like many zeros in front and then reaching consecutive ATH because it has become viral. It's really hard to predict but it's worth it as long as you are investing what you can afford to lose.

[Kelward]

The tips that are analyzed in the OP are helpful if an investor wants to minimize loses when investing in memecoins, it's important to have a level of crypto knowledge and how the market is before investing. I think that experienced investors don't become greedy and they don't go all out to invest a lot of money in memecoins, to be on the safer side they invest the amount that they can afford to loose, also they don't put all their eggs in one basket, because it's a gamble, they spread money among different preferred tokens. Also very important to be among the early buyers, don't be greedy and sale when the price pumps, delay can be dangerous, so it's best to exit early before price will crash.

[Mate2237]

Investing in memecoins is just a calculation and once you missed the time to invest then you have missed out. And if you invest when you have missed out then you will be at the losing side. And that was what happened to me and till today I am still regretting. And not because I invest in the coin in the wrong time. But I invested in the coin when my country currency was very high and now that the currency is getting low imo I am losing everyday and night.

And there is no way I can recover the money again because my country currency will never go back that level again and instead it will be going down. And this is the risky people have been saying. And another one why I also lose because of the transaction fee of the project network. The network is congested so the fee is very big.

[Wiwo]

I think investing in meme coins is a double-edged sword. There are only a few gems that would allow you to profit and you need to be one of the first in line to get that as well. Like when it's just so little in value like many zeros in front and then reaching consecutive ATH because it has become viral. It's really hard to predict but it's worth it as long as you are investing what you can afford to lose.

The thing is that memecoin investment is like gambling,  never expect anything and expect everything, because as long as memecoins investments is concerned,  one can always lose everything so it is important to only put down an amount that you can afford to lose and never take it investment with any form of seriousness on long term mindsets.

Even the newly launched projects with low price doesn't still have the guarantee of making any profits, so for sure there can't be any secret to profits making in such h investment that lack certainty or directions like bitcoin or other assets with whitepaper or blue print to follow.

[livingfree]

Honestly, I applaud those investors that are getting their money at risk investing into meme coins. Like the actual newly launched in the market and they can pour like thousand of dollars on it without having any beat in their hearts.

I guess investing into the memecoins nowadays is the new gamble. A gamble that has a high risk yet there's a high reward but for someone who's got a weak heart, this isn't for you as you might faint when you see that you've chosen the wrong ones.

But to put the note in here, not everyone who invests into random meme coins becomes profitable. That's all you people have to remember.

[AakZaki]

Memecoins are now a huge hype on the SOLANA network and that also made me interested in buying some new memecoins and managed to make quick profits. This is very risky and you can lose all your money in an instant if you are not ready to get out when you have made a profit. Lastly, I took part in the $SMOLE presale and made quite a profit. in just a few days I can make 5x, maybe not quite a lot, but enough for the memecoin profits that I get. there is much more that needs to be analyzed.

[Altcoiner007]

Memecoins are now a huge hype on the SOLANA network and that also made me interested in buying some new memecoins and managed to make quick profits. This is very risky and you can lose all your money in an instant if you are not ready to get out when you have made a profit. Lastly, I took part in the $SMOLE presale and made quite a profit. in just a few days I can make 5x, maybe not quite a lot, but enough for the memecoin profits that I get. there is much more that needs to be analyzed.

Glad to read your positive experience with memecoin. Do you know I haven't really attempted investing in memecoin presale? It seems that's a great and easy way to make 5X to 10X. I'll give it a try though if I get to see good update on time. Like the $MFER I mentioned, I only got to see updates when Bitget listed it. When I looked into the project, I just had to ape. Where do you get your updates of good gem especially at presale.

[AakZaki]

Glad to read your positive experience with memecoin. Do you know I haven't really attempted investing in memecoin presale? It seems that's a great and easy way to make 5X to 10X. I'll give it a try though if I get to see good update on time. Like the $MFER I mentioned, I only got to see updates when Bitget listed it. When I looked into the project, I just had to ape. Where do you get your updates of good gem especially at presale.

You should do your part and try to do research for new memes that will appear. if you don't try you won't be able to achieve anything. But remember that the risk is your own responsibility. don't use all your money, use a little of your money to enter and assume it will be lost, but have high hopes of being able to double it.

[cryptoaddictchie]

Ape some money (something okay to lose) to a very attractive meme presale or new ones being listed. Check their socials if they are quite interesting and active. Then you should be able to spot some of potential memecoin profits along the way. This will include some rugs from other projects or memecoins so let it sync with you and alwayd be cautious.

[electronicash]

memecoins going to newer smart contract platforms, it would make sense when memecoins seek new platforms where there are cheap transaction fees. BNB should have one since the fees to their transaction is pretty much the cheapest but none so far that I see. but this must be the reason why BNB Chain Offers Incentives to Attract Memecoin Developers

Base is something new to me but if there is already a meme coin in that chain, i guess massive users will start using it.

[Sophokles]

memecoins going to newer smart contract platforms, it would make sense when memecoins seek new platforms where there are cheap transaction fees. BNB should have one since the fees to their transaction is pretty much the cheapest but none so far that I see. but this must be the reason why BNB Chain Offers Incentives to Attract Memecoin Developers

Base is something new to me but if there is already a meme coin in that chain, i guess massive users will start using it.

It seems every chain wants the liquidity of meme coin. Solana meme coin craze changed the whole sentiment of memecoin in the industry. Those who were criticizing it now want to be a part of it. There isn't only one but multiple meme coin in base. One of the oldest meme coin in base is TOSI which also got attention after the recent shift of hype for meme coins from solana to base. I think it won't end in base but other layer 2 like manta, blast, mantle will also try to leverage this meme coin hype.

[tvplus006]

While investing in meme coins poses significant risks, meme coins can also bring quick profits. I've seen some token prices skyrocket and yield significant profit to investors and I have also seen prices of some meme coins crash suddenly, causing substantial losses for investors...

This approach to investing is more like a casino, when you get everything or nothing. If you really want to tickle your nerves, you should allocate a small percentage for investing in meme coins, which you will usually lose.