Can you make money from meme coins?

[BIT-BENDER]

I would have to be Frank, even though I am not a big fan of memecoin. Memecoins has really made millionaires and is probably still going to make more millionaires but what i don't admire the fact that memecoins are springing up here and there all claiming to be the next big thing, but really are trying to take advantage of the success from previously successful memecoin project and I think majority of new project coming in are memecoins so all this looks fake and risky to me.

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[tvplus006]

80% of my gains this year came from meme coins but at one point I got tired of them because Devs and scammers focus more on this use case now than anything, it's just a money making opportunity for them now so I stopped investing money on them as they get more unsafe to invest money on

Actually this has been said repeatedly by many people in this forum, where investing in meme coins is a very big risk and every meme coin is not always suitable to choose especially for the long term, so it is very good if you start to stop buying meme coin now.

In any case, those who invested their funds in the coin meme at the initial stage received a large profit, which is not comparable to the profit received from other altcoins. It is enough to recall the Shiba Inu coin, the price of which has increased over the past year from $0.000000000001 to a maximum price of $0.00008. That is, having bought Shiba for $100 last year, you could get a profit equal to $8 million. And as long as this is possible, people will continue to buy meme coins, despite the high risks of losing their money.

[Traderbtcc]

Of course,you can definitely make money by investing in meme coins, the likes of dogecoin, Shiba and floki is a nice example of good meme coins which are worth buying, but I would advice you to be careful, since they are meme coins with no real project behind it, I think it would be wise to Invest in L1s since they always trend from time to time, example bnb, avax, Luna and Near etc, all this are good L1s to invest in, although since some of them have skyrocketed in prices I think Near is the least priced coin there and it has alot of potential to become the new major blockchain, I think it would be nice to bag more of it, anyway don't forget to DYOR.

[lienfaye]

You can only make money from meme coins if you buy the one that will pump hard in the coming days. But not all meme coins has the same fate majority of them are not going to increase for the reason lacking of investors and popularity.

This Forcetoken doesn't resemble a dog meme coin, I highly doubt this will attract to grow a community. The funny part of this project is the roadmap because shilling is part of it lol the dev team is sure honest about what they do.

The Dev is honest to encourage the community to shill this token. But meme coins are not as popular as before plus you're right its not a dog meme coin, not quite attractive.

[dansus021]

first of all are u trying to shill forcetoken  in my opinion trade world is evil hahahha if u sell there's people buy not all of them turn into profitable,but yes you can make money from meme coin remember shiba inu, safemoon, dogecoin all the HYPE of memecoin after ElonMusk tweet i have bunch a friend that made couple dollar into thousand because of memecoin but there is lot people also suffered from memecoin including me 

try do you own research and in my opinion stay away from meme coin that doesnt have big marketcap

[Fundamentals Of]

Of course you can. That's proven by the data of prices among meme coins. But there are also risks involved. Remember that during the hype of Dogecoin, the king of meme coins, there was a huge inflow of new meme coins to the market. They are rising from everywhere like mushrooms. Many of them did not succeed. So how are you going to make sure you ended up with the right meme coin? The meme coin you are promoting might just be one of those unsuccessful ones.

[LastKiss]

first of all are u trying to shill forcetoken  in my opinion trade world is evil hahahha if u sell there's people buy not all of them turn into profitable,but yes you can make money from meme coin remember shiba inu, safemoon, dogecoin all the HYPE of memecoin after ElonMusk tweet i have bunch a friend that made couple dollar into thousand because of memecoin but there is lot people also suffered from memecoin including me 

try do you own research and in my opinion stay away from meme coin that doesnt have big marketcap

I feel sad about your losses in memecoin , There's a lot not only you that suffered from memecoin as far as I know. In my place many people HYPE when influencers tweet some coins and the price spike really high and then they bought that coin and later on they feel sorry for buying that coin. Doing some research is very important and joining early also important too so you dont become a victim from something like that

[yazher]

80% of my gains this year came from meme coins but at one point I got tired of them because Devs and scammers focus more on this use case now than anything, it's just a money making opportunity for them now so I stopped investing money on them as they get more unsafe to invest money on

Actually this has been said repeatedly by many people in this forum, where investing in meme coins is a very big risk and every meme coin is not always suitable to choose especially for the long term, so it is very good if you start to stop buying meme coin now.

The risk is just for those taking it to the next level where they make this thing like gambling and play with their money in the form of investment where the chance of losing it, is high. But they don't really care because the fast to sell it will most likely benefit and it has been like that for years now, they're loving to take risks as if they are just making breakfast and the result is good for the memes coins in the market because right now, they even crease some new meme coins to join the competition.

[bitzizzix]

Meme coins are by definition not created for utility purposes and lack the basic qualities that make something investable, and prices are driven by viral marketing and are fundamentally unpredictable.
very risky because in general many of them will die in a painful way, but there are also those who benefit and even get big profits from coin memes.
it all depends on their research and also buying and selling at the right time, and if not then you will lose because the right time only happens once because the next movement is silent or even dead.

[Strongkored]

So do you like to make real income with the latest meme coins?

No one will refuse if you can get income including from memecoin, and that is obtained by many people in 2021, will it be repeated in 2022 because this is still very early so it is still necessary to wait for some time and also with continue to monitor BTC price movements, because all altcoin prices are highly dependent on BTC movements.

I'm surprised that there are still many people who invest in meme coins even though there are lot bad examples, they expect instant success when they actually get tricked. if the reason for choosing coin memes is because it is cheaper. However, there are many cheap and potential coins and projects are still active as an alternative compared to choosing memes.

Because the crypto world is full of speculation

[danherbias07]

OP has a negative trust of promoting and advertising a scam. What makes this not another attempt to scam people all over again?
People should stop hyping up these meme coins. It's not going to do you good in the long run and you would just complain in the end that the price just dried, due to "hype drain".
Seemingly these people are those following popular celebrities in Twitter shilling coins and it saddens me.

I was just about to float that fact too (negative trust) regarding the coin he is shilling. As long as other members are looking at the trust rating, I think it's a good warning already.

DYOR, specially when it comes to meme coins. This is some investment to fool around. There are many stories of investors getting rekt by buying these coins because obviously, they are all jokes. They could say Happy April Fools Day even if it's not yet April and just be gone with your money.
IMO, there is no trusted meme coin because there is no project behind it, just use it for the purpose of making money as long as  you know what you are doing.

[asriloni]

So do you like to make real income with the latest meme coins?

I don't like meme token and 99% meme tokens are scam tokens like the token that you have mentioned above. Your trust summary was more than enough to prove that what I have stated was totally true. You're keep promoting more and more scam token. Meme token was a garbage token to invest. This full with bunch of scam tokens and scammers.

For more info you can visit www.forcetoken.net

Force token was also another scam token as well. I have been seeing you create so many promotion thread for your so many scam tokens. Don't you never feel tired to keep creating more and more scam tokens and then steal people's money. All of your tokens are scam tokens and meme tokens too. I hope you will realize that to stop create more and more scam token.

[kanayaTabitha]

So do you like to make real income with the latest meme coins?

No one will refuse if you can get income including from memecoin, and that is obtained by many people in 2021, will it be repeated in 2022 because this is still very early so it is still necessary to wait for some time and also with continue to monitor BTC price movements, because all altcoin prices are highly dependent on BTC movements.

Me personally made some investment on memecoins last year and made around 200% more on each coin when the market is bullish, the best time to invest in memecoin is when the market is on bullish, almost everycoin that hype theme and with good marketing strategy gaining a massive growth in short time, but when the bear market was coming, all of them crashed to more than 50% and hard to recover.

[globalpain]

Many people warn not to invest in coin memes, but the fact that in the market and even trending on coinmarketcap or social media is always dominated by coin memes, in my opinion, coin memes are short-term projects so we should be able to choose the most profitable memes in the short term.

As long as meme coins can make a profit it can't hurt to buy them,
we really have to be careful especially meme coins when the price goes up we have to be quick to sell them,
holding it long is not a good decision for meme coins

[Egrato]

As long as meme coins can make a profit it can't hurt to buy them,
we really have to be careful especially meme coins when the price goes up we have to be quick to sell them,
holding it long is not a good decision for meme coins

Agree, I think that's how most people operate with memcoins. Fine for traders, but if you're looking something to invest in long term (10 years?), memecoins are not your friend. Most of them will probably die out after the few up/down cycles, imo.

[Mpamaegbu]

Memecoins made a lot of people money but a lot of people lost on them too. Similarly, while NFTs made a lot of people crazy rich, most of the others who go into them hoping that it'll actually make sense and stand for something, more often than not, have ended up losing money.

It's a pattern with trends and new inventions. Those who key in early enough get to make a whole lot of ROI on it. It's the same way that only those who are early to the stream get to drink clean water from its bank before it's muddled up. Shiba Inu, Safemoon and Safemars made a lot people very rich and also wrecked a lot. Pointedly, of those three projects, I will still trust that Shib will continue to do well and be on the market longer than others. While I wouldn't say all memecoins will scan, I will advise that anyone investing in new ones should be careful doing that. It's a 50/50 thing that one could make money from them and at the same time one could also lose investing in them. It cuts across all alts, and not just a meme thing. It's even so with Bitcoin too. Generally, trading in cryptos is high risk.

[nurilham]

Yes, there are many meme coins in the market and many also invest in it. I think meme coin is too risky to invest in because of its short cycle. meme coins can go up fast and fall fast too. that's why many people who get big losses invest in meme coins. For some coin memes such as DOGE and SHIB, it is indeed beneficial for some people, but for people who don't understand it, they may experience losses. So i think it's safer if we invest in coins that do have good and long-term prospects to avoid big losses.

[tvplus006]

...Shiba Inu, Safemoon and Safemars made a lot people very rich and also wrecked a lot. Pointedly, of those three projects, I will still trust that Shib will continue to do well and be on the market longer than others. ..

Shiba Inu will soon stop calling the meme a coin if the team does its job, which was announced earlier. Creating your own blockchain with the appropriate infrastructure, as well as burning excess coins, can give another impetus to increasing the value of this coin.

[Frengki_cisco]

In 2021, meme coins have skyrocketed, both in value and in variety.

Not all meme coins that lead to bad, in 2021 I see there are some memes that make quite a lot of money to investors and long term investments, a simple example of shiba and a few others.

In my view, the meme coin will pay off if the person who created the meme is really serious about running it.

[elisabetheva]

Many people warn not to invest in coin memes, but the fact that in the market and even trending on coinmarketcap or social media is always dominated by coin memes, in my opinion, coin memes are short-term projects so we should be able to choose the most profitable memes in the short term.

As long as meme coins can make a profit it can't hurt to buy them,
we really have to be careful especially meme coins when the price goes up we have to be quick to sell them,
holding it long is not a good decision for meme coins

That's right, as long as it's still profitable, we buy it, especially coin memes are very good coins if we use them for daily trading, we can get big profit opportunities from coin memes.

in principle, any coin when it is profitable, there is no harm in buying it and saving and selling when the price increases. Of course, the same goes for coin memes, but the difference is that you don't hold on to coin memes for too long because changes can happen quickly and it's feared that prices will drop drastically.

Fortunately, holding or buying a meme coin is that at a low cost it can generate a hefty amount and if you are lucky there is a clear increase in profits. but there are always downsides to coin memes when holding too long due to inconsistent prices.