Is it just luck

[amishmanish]

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.

[gurunanakji777]

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.

[Xxmodded]

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.

[nimogsm]

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.

[Sterbens]

at the time of the initial release of meme coins people still thought of them as joke coins or trash and only a few people entered and when meme coins were pumped by rich people the meme coins went up very high, we took their doge and shiba for example up not because of their project but because of the pump of people who have a big influence in crypto so I think people who profit from meme coins are lucky.

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.

[iv4n]

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.

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!

[babygun]

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.

[bhooscream]

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%

[Yamifoud]

Probably, just newbie luck since you said no experience in this sector. Just learn the basics of trading altcoins and do your best for gaining more experience, don't throw away your hard-earned money in shitcoins. Low marketcap altcoins aka meme or shitcoins have potential 10x 100x but the bear market session can also melt your balance faster than the blink of an eye. Don't rely on luck, learn the professional trading strategies, money management, and analysis tools instead of blindly buying shitcoins, IMHO.

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.

[romero121]

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.

[mobilestrike]

i think profiting from shitcoin is luck
if you buy shitcoin that is not a scam at the beginning you will be lucky but there are so many people who enter shitcoin when the coin is trending so it makes peacocks lose.
so you are lucky if you benefit from shitcoin.

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.

[YinShuiSiYuan]

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.

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.

[Coyster]

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.

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.

[mobilestrike]

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.

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.

[coinsycrip09]

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,  but you are a lucky investor.  i hope your luck doesn't run out  

[Victorik]

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'.

[judaspriest]

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.

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.

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

[DonFacundo]

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.

[7deadlyBTCIN]

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.

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.

[darewaller]

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.