What's the possibility of discovering a memecoin that could change your life?

[Iamcrypticguy]

I've been contemplating this, reminiscing about previous years when memecoins like Shiba, Doge, and Pepe turned some people into millionaires overnight. Back then, I was a novice and missed out on those meme surges. This year, armed with more experience, I ventured into memes like Myro, Bonk, Rats, and Sats.

Honestly, I did make some money trading those, but not the life-changing fortune I aspire to. So, I'm still on the lookout for that meme opportunity that could turn my vacation dream into reality! 😄 Recently, there's been a buzz around $Troll and $Smiley, and I thought of throwing the question here.

The momentum appears robust, with indirect support from Elon Musk for $Troll, while $Smiley boasts a large and supportive community. I'm pondering if it could pull off another Doge. Any meme experts here? What's your perspective on this?

[ycb]

low but still better chance than mining solo bitcoin.
too many altcoin, need to sacrifice time to dyor.

[bakasabo]

I would say that possibility is almost zero. First of all, all memecoins that turned to be life changers, made huge price pumps, are financial projects with promotional teams behind it. There isnt a memecoin, who creator made it and then boom, its price when to moon all of a sudden. Life changing amount of money is very personal. Someone will be happy to get $100, when for someone a billion is not enough. As a third reason why it is impossible for such thing to be is humans greed. When someone spend $100 for example on memecoin, he will never wait till $100 turns into $1,000,000. By the moment $100 turns into $1,000 or even lowers, a person would sell.

[DeathAngel]

The chances of discovering a memecoin early enough so that investing in it can change your life is low, really low. Normally you only become aware of a successful one when it has pumped so hard that it is trending on social media or talked about in crypto circles. By that time most of the parabolic price action has already happened & you are just potential liquidity for the developers & backers to dump on. You would have to be extremely lucky to find a memecoin that does really well & invest before it explodes upwards, giving you enough time to sell & get rich.

[pakhitheboss]

You may be able to find a new meme coin if you search for it in the right way. What you cannot control is the hype and if a shit coin does not hype you won't make the money you thought you would make from it. This is the irony of meme coins they are completely dependent on influence of the social media as they have nothing to offer to their investors. One popular way is to keep an eye on the x.com handles of celebrities and influencers who in the past have promoted meme coins. One of them is Elon Musk he has promoted meme coins in the past and he might do it in the future.

[ryzaadit]

Like gambling.

Lucky moment ~xd but 98% are gonna end worst. Most of people who are trying to enter these type token is degenerated gambler ~xd Just throw your money to garbage, and hoping is being gold.

The possibility is always low.

[Dr.Bitcoin_Strange]

OP, come to think of it, when Dogecoin pumped, only a few people were lucky to make fortunes with it compared to the majority of crypto enthusiasts who did not own Dogecoin as of when it pumped. Looking at Shiba Inu too, it was after it pumped that most people still got to know about the token and started to buy.

If it were actually possible to accurately know which meme coin would be pumped so hard to 1kX or 10kX, then most altcoin investors would have been very rich now because they would know which coin could earn them enough profit, and they would just be investing in projects that they were certain would be very profitable. Since this month, I have seen a few projects list their coins on some exchanges, and since the day of listing, some of those coins have actually gained +50%. If everyone had actually invested in those coins on the first day of listing, they would have made a profit.

In essence, there are a lot of meme coins in the market and FOMO around most of them, but you cannot really be sure which will pump unless you are ready to risk some money by investing in different meme coins and hoping that one or two will actually pump during the bull market.

[Iamcrypticguy]

You may be able to find a new meme coin if you search for it in the right way. What you cannot control is the hype and if a shit coin does not hype you won't make the money you thought you would make from it. This is the irony of meme coins they are completely dependent on influence of the social media as they have nothing to offer to their investors. One popular way is to keep an eye on the x.com handles of celebrities and influencers who in the past have promoted meme coins. One of them is Elon Musk he has promoted meme coins in the past and he might do it in the future.

That's a valid reason, mate. Elon usually chips in indirectly; he promoted Doge earlier, and now he's posted something about Trolly. It seems that's my cue. It's an ETH token, and I'm trying to avoid gas fees, haha, but I'll probably get it on Bitget since it's tradable on their SpotP2P.

[Iamcrypticguy]

I would say that possibility is almost zero. First of all, all memecoins that turned to be life changers, made huge price pumps, are financial projects with promotional teams behind it. There isnt a memecoin, who creator made it and then boom, its price when to moon all of a sudden. Life changing amount of money is very personal. Someone will be happy to get $100, when for someone a billion is not enough. As a third reason why it is impossible for such thing to be is humans greed. When someone spend $100 for example on memecoin, he will never wait till $100 turns into $1,000,000. By the moment $100 turns into $1,000 or even lowers, a person would sell.

Shiba, doge, pepe etc made lots of people millionaires yunno

[jrrsparkles]

I've been contemplating this, reminiscing about previous years when memecoins like Shiba, Doge, and Pepe turned some people into millionaires overnight. Back then, I was a novice and missed out on those meme surges. This year, armed with more experience, I ventured into memes like Myro, Bonk, Rats, and Sats.

Honestly, I did make some money trading those, but not the life-changing fortune I aspire to. So, I'm still on the lookout for that meme opportunity that could turn my vacation dream into reality! 😄 Recently, there's been a buzz around $Troll and $Smiley, and I thought of throwing the question here.

The momentum appears robust, with indirect support from Elon Musk for $Troll, while $Smiley boasts a large and supportive community. I'm pondering if it could pull off another Doge. Any meme experts here? What's your perspective on this?

I am not giving much attention to the meme coins for a while so I am not aware of the project you are talking but if you see people create hype for a project then it has chances to go big and turn a few thousand into millions is not in anyone's hand. But the question I want to ask you is are you ready to lose the money you invest on a new coin that may give 100x returns? Because high reward comes with high risk only.

[bluebit25]

Shiba, doge, pepe etc made lots of people millionaires yunno

- But not you!

Let's be alert and honest, even the crypto space does not bring wealth to the masses, so the same thing happens with memecoin. It can be said that only a few (very few) make a profit with those things. Let me share with you some things that I have experienced. I used to own 50m $doge in 2014 and with shiba I I also bought about $500 and sold for a profit of about $20,000. If I still kept those $doge and $shiba, I would have hundreds of millions of dollars now. However, I have to say that it's just like gambling because from the beginning, I didn't expect much from it, and the money I earned made me happy.

Back to this story, what is investment? Need to clarify more so that there is no bias in perspective, risk is not a problem at all if you accept the risk then be ready. But please understand that the hype and FOMO process of any cryptocurrency will create excitement/doubt and not everyone will grasp the opportunity to profit. I don't pay too much attention to memecoins, but I can definitely see the hype and the FOMO groups following them. Anyway, that is everyone's strategy. For those who like to get rich quickly, they are always liquidity for others in this market.

[electronicash]

you may actually have discovered it and missed the flight.

SHIB and DOGE had their chance in the last bull market. i think they will not be the main dish in 2024 bull market. but some meme else. it could be something new, BONK took its steps last year and this BONK could also fly again as the highlight meme of this bull market. i wanna see something new that is not from SOL or ETH.

[Essential10]

Whether a life-changing memecoin will ever be found, I don't know for sure. As much as I know about Meme Coins, I have seen in most cases there are some common tricks that scammers use to pump these Meme Coins. One strategy is creating a false sense of urgency and excitement by spreading rumors and hype about the currency on social media and forums. They also use influencers and celebrities to endorse the currency, creating a false sense of legitimacy. Another strategy is to create artificial scarcity by limiting the supply of currency and creating a buying frenzy. This can drive up prices and attract more investors to make a quick profit. Once the price is raised, the scammers will sell their holdings, causing the price to crash and leaving unsuspecting investors with worthless tokens.

[Iamcrypticguy]

you may actually have discovered it and missed the flight.

SHIB and DOGE had their chance in the last bull market. i think they will not be the main dish in 2024 bull market. but some meme else. it could be something new, BONK took its steps last year and this BONK could also fly again as the highlight meme of this bull market. i wanna see something new that is not from SOL or ETH.

Maybe, but one thing I've learnt, there's always another opportunity hence I'm thinking of getting onboard $Troll, price seem to be at a discount. I hope it's a risk worth taking ahaha.

picture share

[Iamcrypticguy]

Whether a life-changing memecoin will ever be found, I don't know for sure. As much as I know about Meme Coins, I have seen in most cases there are some common tricks that scammers use to pump these Meme Coins. One strategy is creating a false sense of urgency and excitement by spreading rumors and hype about the currency on social media and forums. They also use influencers and celebrities to endorse the currency, creating a false sense of legitimacy. Another strategy is to create artificial scarcity by limiting the supply of currency and creating a buying frenzy. This can drive up prices and attract more investors to make a quick profit. Once the price is raised, the scammers will sell their holdings, causing the price to crash and leaving unsuspecting investors with worthless tokens.

You have a point man

[Makus]

The possibility of discovering a memecoin that could change your life is very very low. The amount of memecoin that exists grows rapidly and among these memecoin, there exist many that are just scam projects. Just as Essential10 said, developers of this project can do anything just to make their coin to be listed in exchanges and then try manipulating the coin to gain small pump as though it will be good for investment. And when investors come in, the end product is regret. While searching for memecoin to buy, also consider not putting too much into your investment because there is no one to hold responsible should Incase the coin turns out to ba a scam.

[btc78]

Over the years, new projects have emerged and now we see more and more being launched

There are way too many altcoins now and a lot of them are even scams the chance of an altcoin being successful and making its investors millionaires overnight is not that high just imagine for memecoins in which a lot were created for fun and not really for utility or profit still if you have your eye on one it wouldn’t hurt to do some research maybe join airdrops and just see where it goes

[wheelz1200]

Slim to none chance.  First off memes we're a fad back in 2020 and 2021, fads rarely pop a second time.  Second most everyone is a complete scam amd ypu are likely to lose all your money than make a single penny of profit.  Rule of thumb is if ypu aren't in the in crowd on those ypu are likely being used as exit liquidity for "the team".

[bakasabo]

I would say that possibility is almost zero. First of all, all memecoins that turned to be life changers, made huge price pumps, are financial projects with promotional teams behind it. There isnt a memecoin, who creator made it and then boom, its price when to moon all of a sudden. Life changing amount of money is very personal. Someone will be happy to get $100, when for someone a billion is not enough. As a third reason why it is impossible for such thing to be is humans greed. When someone spend $100 for example on memecoin, he will never wait till $100 turns into $1,000,000. By the moment $100 turns into $1,000 or even lowers, a person would sell.

Shiba, doge, pepe etc made lots of people millionaires yunno

Do you really think that those who became millionaires after buying Shiba Inu, Dogecoin and Pepe, bought those altcoins accidentally? All of a sudden found gems in a pile of rocks? That it impossible without a hint, without insiders information. Altcoins that you have mentioned are projects with promotional teams, that pumped those altcoins. Or you are trying to say that a regular guy like me can buy something and become a millionaire? Pepe is a good example that such thing wont ever happen. There were people who tried to buy Pepe on early stage, but contract was lock, there were restrictions. Only selected people bought it really low. Others only earned good money.

[Hildentine]

According to my experience is that its very difficult because if anyone discovered there own memecoin definitely there memecoin is no value.
Any memecoin is boom definitely they have back a strong supporter and investors so the memecoin are boom I simply said that anyone who wants to discover there memecoin so they definitely need a strong support.