How fast can one achieve Crypto millionaire status with meme coin?

[Altcoiner007]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

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[electronicash]

wow $11.87 turned millions in a year. the investor must have been the first among those who bought SHIB while it was in its early listing. 

nothing wrong with being hopeful but you may spend more than $11.87 to make millions. the ones that had rocketed already a few weeks ago was BONK. people don't know about it until the price is already up there.  if $11 can make you own billions of it, it must be a good buy and wait.

[Mehedi72]

High expectation. Memecoins are risky. There are huge numbers of memecoins in cryoto market, keep launching everyday & keep disappearing within short time too. Only based on Doge & shiba history, it isn't fair to imagine about become millionaire with memecoin. But everytime only $11.87 won't makes anyone millionaire. Even you Still don't know which one will ne skyrocket. But pepe, bonk noth suppose to be good for memecoin investment. If they pump 100x, then you still need $10k for become millionaire. But time is unknown. Maybe after 5years or maybe never. It's complex

[Mate2237]

It is not easy to become na millionaire with meme coins. And the only coin that one can make profits very well and become millionaire now is Ethereum and if the person was among the first investors in the project because the coin is still roaming around at the rate of the $2k+. And the way meme coins are entering the market is getting out of hand. Now how possible is this story is $11.87 to become a millionaire a year. Or the person became the millionaire in a dream? All these are fabricated stories. I really don't believe that.

That means the meme coin is growing faster than bitcoin itself. This stories are to lure people to invest on those coins which I will never fall for them.

[fapar]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

This is FOMO. You evaluate this information in retrospect. If the same Shiba Inu had failed, then today no one would remember about him and would not use him as an example. Memecoins are like any other cryptocurrency when it comes to getting rich. However, this does not prevent us from overestimating the real significance of memecoins. For example, the Avalanche Foundation is starting to buy certain memecoins.

[Altcoiner007]

High expectation. Memecoins are risky. There are huge numbers of memecoins in cryoto market, keep launching everyday & keep disappearing within short time too. Only based on Doge & shiba history, it isn't fair to imagine about become millionaire with memecoin. But everytime only $11.87 won't makes anyone millionaire. Even you Still don't know which one will ne skyrocket. But pepe, bonk noth suppose to be good for memecoin investment. If they pump 100x, then you still need $10k for become millionaire. But time is unknown. Maybe after 5years or maybe never. It's complex

Yes, they're risky, which I mentioned. And you're right, the issue is always in knowing which one will skyrocket. A friend shared a strategy which I am trying to implement. When he finds a Memecoin spoken about my trusted influencers at their very early stage, sometimes below 10k Market cap, he checked out the token community and plans of listing in an exchange. He'll then throws in some amount he could afford to lose. That's like skipping lunch and investing that amount ( e.g $5 to $20). Then watch it. It's not an easy approach, but it's do-able. Let's say that flips 100X afterwards. You see how it goes?

[Altcoiner007]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

This is FOMO. You evaluate this information in retrospect. If the same Shiba Inu had failed, then today no one would remember about him and would not use him as an example. Memecoins are like any other cryptocurrency when it comes to getting rich. However, this does not prevent us from overestimating the real significance of memecoins. For example, the Avalanche Foundation is starting to buy certain memecoins.

Now you just brought in a vital contribution that help in determining which Memecoin or any coin to buy. If one gets lucky to buy a Particular meme coin before Avalanche foundation buys same taken, I can assure you those who bought earlier would have made profit. That's like buying From before Elon tweets about it... You must have positioned yourself to profit from Memecoin. Is there a way to know which coin Avalanche foundation has on their watchlist? Do share if you've got an idea.

[batang_bitcoin]

They are like the lottery and that story isn't new and that's why many people are now investing heavily in meme coins thinking that it's going to be their ticket to riches. It's actually requires you luck and let it be if the meme coin you've chosen becomes popular and had a huge volume immediately. With all of the known meme coins that had made a lot of people wealthy or just actually few of them but didn't published most of them, it's very risky if that's your thinking about them.

[o48o]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

I would bet everything i have against that you would be millionaire with meme tokens. Do you realize the irony that how many of them are born every day, and still you can pick only 3 success stories as examples, Changes finding that winning token, that brings you profit are resembling changes in lottery

Sure, there's a change that you can be millionaire, just like there's a change winning powerball jackpot. There's a change for everything. It's just that your changes are very low. And more people like you are investing to them, it's another 10k new tokens launched daily, because people are pooring money into them like they would be buying lottery tickets. But it's your money, do as you wish. Who am i to take away dreams. But if you asked for genuine opinions, this was one.

[Altcoiner007]

They are like the lottery and that story isn't new and that's why many people are now investing heavily in meme coins thinking that it's going to be their ticket to riches. It's actually requires you luck and let it be if the meme coin you've chosen becomes popular and had a huge volume immediately. With all of the known meme coins that had made a lot of people wealthy or just actually few of them but didn't published most of them, it's very risky if that's your thinking about them.

Yeah, some dose of luck is needed but I just mentioned above, luck isn't all that's needed. It's learning to position, take advantage of early information at your disposal and you'll have an edge over those who don't. Like I mentioned, imagine buying just $30 worth of token at its 2k market cap. and just after that, Elon tweets about it or some of the key influencers begin to talk about it so much so that the token move to 10 mil market cap. That's just how these tokens work. Early entry. So one with need timely info along with some luck!

[Sophokles]

wow $11.87 turned millions in a year. the investor must have been the first among those who bought SHIB while it was in its early listing. 

nothing wrong with being hopeful but you may spend more than $11.87 to make millions. the ones that had rocketed already a few weeks ago was BONK. people don't know about it until the price is already up there.  if $11 can make you own billions of it, it must be a good buy and wait.

People need to be extremely lucky to get something like this. Shiba inu was a really shocking phenomenon, and don't think we will see growth like this in such a short time ever again. I am surprised to see people still looking for another meme project that can rally like shiba inu or doge when there are lots of new utility-focused projects emerging in the market. Layer 2, modular blockchain, SVM based project, AI, Big data, LSD protocols are booming the market and still there are people who are looking for meme projects!

[nelson4lov]

I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out.

The truth about memecoins is that it depends heavily on how lucky you are. Luck will help to position you in the right meme coin at the right time. It's not rocket science, or complex maths — just good old luck. Because these are tokens that have zero to no utility and are borne only out of the sheer desperation of people to engage in a pump and dump. If it pumps and more people hold than sell off then with some luck, it might end up being profitable.

I haven't done the math but the ratio of memecoins that can pull those Shiba Inu and Pepe moves to those that failed horribly would be as high as 1:500.

[oktana]

wow $11.87 turned millions in a year. the investor must have been the first among those who bought SHIB while it was in its early listing. 

nothing wrong with being hopeful but you may spend more than $11.87 to make millions. the ones that had rocketed already a few weeks ago was BONK. people don't know about it until the price is already up there.  if $11 can make you own billions of it, it must be a good buy and wait.

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

[Text]

Meme coins have the potential for quick gains so you should know the right timing to get in and out, most of them are not sustainable and have no potential for long-term growth and I agree that their success is unpredictable. Not every meme coin will skyrocket and most of them disappear quickly. It’s just like gambling, only invest what you can afford to lose. Yeah, some investors have achieved significant returns with Shiba Inu, but this is a rare case. Capitalizing on early hype before market cap explodes.

[Churchillvv]

The truth is no of us here knows which altcoin is gonna pump next.

To be sincere I'm still amazed on the $11+ that turn in to millions and I saw such thing before but it was not just in a year but I took some time before it skyrocketed and that coin was the CRO token, some bought with around $50 dollar and now his a billionaire.

Another truth is meme coins are very quick to rise and are so quick to fall too, and if you most know the investor that made such huge profit must have been losing in other meme coins before and this i guess was on lucky chance for him since all this seems to be a gamble.

[Dr.Bitcoin_Strange]

How fast can one achieve Crypto millionaire status with meme coin?

Luckily, you will have crypto-dollar millionaire status with meme coins. This is nothing that can be determined by anyone here unless you are only talking about a millionaire holding a huge number of those altcoins, but if you are referring to becoming a millionaire in dollars, the time frame to achieve such success is not certain.

There is every possibility that if you buy 50 million Shiba Inu coins, you are a millionaire in Shiba Inu, and if you also buy 1 billion Doge coins, you are a billionaire in Doge Coin, but the possibility of those meme coins growing in value and offering you a billion dollars in profit is what is so uncertain.

There are chances that it can definitely pump and become so profitable for you, but the date and time cannot be determineddetermined by anyone.

[CK485]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

[JeffBrad12]

its completely random chance to get suddenly rich from meme coin to be fair, instead of too focused on the fact that some people become millionaire from measly $11 you should also try to look how much people try to repeat history by investing in some random meme coin and the amount of meme coin out there is actually millions being, its being created everyday by large amount and you could imagine that putting money in some of these meme for the chance of making it big will definitely give you slim chance to become crypto millionaire.
the thing with the shiba investors back then even them has no idea.
i mean yes it was pretty fast as you mentioned only a year and a half and someone already become millionaire but also look at the fact that its not everyday occurrence there are chances that you will lose your money instead of becoming millionaire with these meme coins.

[Adreman23]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

Most memecoins have a very high token supply. So, if you buy early, like Shiba Inu at $11.87, you get a substantial amount of tokens. This is how people become millionaires because their investment multiplies due to the large token supply.

If you have some capital, you might consider investing $11 USD in each memecoin you like in the early stages. It's challenging to predict which memecoin will trend next, so holding a variety increases your chances of getting lucky with at least one. This is just my opinion and not financial advice since im not an expert.

[Tipstar]

Meme coins are hit and miss. But for people who have an eye for coins that last a few more pumps and dumps it could make them a millionaire quiet fast.
Provided the meme coin increases by 1000 times than what a investor bought in with $1000, you are already a millionaire and it can happen in a matter of week.
But no one can be sure about the ultimate meme coin and might just have loss on multiple of coins. Investing on meme coins are more like a gamble than an investment.
The people that can still profit from the volatility of the meme coins are traders who follow technical signals and put profit taking points and stop loss effectively.

[radjie]

It is not certain whether Meme coins will last a long time or die instantly, because more people lose a lot of money in a short time than people who are lucky enough to become millionaires because they chose the right Meme coin.  All because of luck, many Meme coins are popping up nowadays, It is clearly confusing to most people why so many Meme coins are created by developers so many are still hesitant to invest in meme coins.

[Strongkored]

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

I didn't count how many zeros after the comma were in the Shiba Inu price at the beginning and with $11.87 of course you can make more money now, but will it make your millioners? I think not, because it's just a calculation on paper, usually the holder will struggle with greed to sell or keep it and usually will lose and prefer to keep it and the value continues to fall until now, the zero after the comma goes up again 
The people who became rich because of this coin were the developers and more of them actually lost a lot because they entered this coin during the hype without realizing that the trend had declined and lost even more because they were reluctant to cut losses because they thought that in the next bullish period the price would recover.
No one can predict how quickly you can become a millionaire from memecoin other than predicting how quickly you will become bankrupt because it is more likely that you will lose assets in coins like this than profit.

[deathcode]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

crypto is not a get-rich-quick investment scheme. Memecoin's success in creating hype in the market may motivate many new investors to believe in memecoin more than Bitcoin and other potential Altcoins.
it can grow quickly, but conversely, it can also disappear quickly. memecoins can't be very consistent. If you want to invest in memecoins, you may have to spend a lot of time researching. and don't expect too much from memecoin. although lately, we have seen a lot of new memecoins that get a short hype in the market and provide profits for their holders.

[Pi-network314159]

It is not easy to become na millionaire with meme coins. And the only coin that one can make profits very well and become millionaire now is Ethereum and if the person was among the first investors in the project because the coin is still roaming around at the rate of the $2k+. And the way meme coins are entering the market is getting out of hand. Now how possible is this story is $11.87 to become a millionaire a year. Or the person became the millionaire in a dream? All these are fabricated stories. I really don't believe that.

Do you really think one can make millions from ETH? Because as far I know ETH is very expensive to afford compeard to the shiba he is referring to. Before you could make millions from ETH you must have bought 3,5 or 5 ETH above before you could make millions in fiat not in dollars. Because according to his explanation he said investment of $11.87 to become a millionaire a year, and it's not possible for such to also happen to ETH. because etherium is not like shitcoin you would use little amount and buy in millions.

[Bureau]

It is not certain whether Meme coins will last a long time or die instantly, because more people lose a lot of money in a short time than people who are lucky enough to become millionaires because they chose the right Meme coin.  All because of luck, many Meme coins are popping up nowadays, It is clearly confusing to most people why so many Meme coins are created by developers so many are still hesitant to invest in meme coins.

It has been three years and nothing has happened to memecoin. The hype is still on and growing with a lot of investors investing in new coins every day to become millionaires. I am not sure how many investors have become rich after investing in meme coins, what I know is that developers have become rich and they will keep creating more unless the hype goes away. Next bull run we will see a lot of new coins will be launched and people will again go an invest in them.

[camilocollin6]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

In my opinion meme tokens often gain popularity due to social media trends and community engagement.Some meme tokens that were popular at the time included Dogecoin (DOGE), Shiba Inu (SHIB), and SafeMoon (SAFEMOON).However, the cryptocurrency market is extremely volatile, and the popularity of meme tokens can change quickly. It is essential to do your own research and consider the risks before investing in any cryptocurrency, especially when it comes to meme tokens. In the near future, like this meme token, the probability of becoming a millionaire by investing an amount equal to $11 worth in meme token is very low, 0.001%, but hope is everyone's personal freedom, in that case, there is a matter of luck.

[adzino]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

Dreaming of being a millionaire with the help of meme coins is not something that is actually going to happen for most of the people in the world. Sure, we hear about those lucky few who hits the jackpot, but for most people, it's a losing game. Most meme coins are just pump and dump schemes, where the only people who really win are the devs or their friends who get in super early and knows when to leave.  Let's get real here, the odds of striking it rich with these coins are super slim. Most people who jump in the hype end up losing most of their investment. It's a high-risk game, and honestly, not worth it for the average crypto investor. You will need to have to invest in lots of coins to find that "special" meme coins. Investing in well known coin is the smartest move in the long run.

[fapar]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

This is FOMO. You evaluate this information in retrospect. If the same Shiba Inu had failed, then today no one would remember about him and would not use him as an example. Memecoins are like any other cryptocurrency when it comes to getting rich. However, this does not prevent us from overestimating the real significance of memecoins. For example, the Avalanche Foundation is starting to buy certain memecoins.

Now you just brought in a vital contribution that help in determining which Memecoin or any coin to buy. If one gets lucky to buy a Particular meme coin before Avalanche foundation buys same taken, I can assure you those who bought earlier would have made profit. That's like buying From before Elon tweets about it... You must have positioned yourself to profit from Memecoin. Is there a way to know which coin Avalanche foundation has on their watchlist? Do share if you've got an idea.

No, I do not invest in memecoins and sometimes trade classic altcoins. As for the Avalanche Foundation, they do have certain requirements for the memecoins in which they plan to invest. The main requirement is that such a memecoin must be created only on the Avalanche blockchain. And you can familiarize yourself with the remaining criteria, for example, in this article https://www.coindesk.com/markets/2024/01/23/avalanche-foundation-puts-rules-on-plans-to-buy-meme-coins/
It is quite easy to predict which memecoin they will buy (we already know the requirements for memecoin) and at the same time difficult (we need to find such a memecoin ourselves and get it).

[bluebit25]

I think the analogy with gambling, and imagine how unexpected lottery tickets are, is similar to memecoin, you buy it and after a while come back and see the address holding a huge amount of assets giant. And that is just the dreamy imagination of people who do not like reality. Among thousands of memecoin cryptocurrencies we only see about 10 cryptocurrencies that stand out, similar competition with very large and diverse proportions. Partly the form of investment in this field comes from hype and FOMO. As in the case of Dogecoin, the story would fall apart if Elon criticized it, but Elon's support has brought about an atmosphere about memecoin that has lasted to the present and beyond. I have faith in the fact that there is no such thing. Which memecoin is perfect for talking about technology? It's better to look at how the community is paying attention to it and how scam it is.

[Wildwest]

Many people dream of becoming a millionaire with meme coins, but not many people dare to take the risk by buying new meme coins.

The dream of everyone in crypto is to become a millionaire after I saw several meme coins that appeared, only a few of them survived, so if you want to buy coins, look and study their movements first.

[AnonBitCoiner]

Shiba has provided greater profit to its holders but we cannot say that Meme coins are all worthy all the time and putting less amount in meme coins will not make you Millionaire but more money will be needed for getting large profit. IT is also not gurnateed that if you put large sum of money then you will surely get profit but most of the time meme coins get reduces in value and become a reason of your defeat.

It depends on the market situation that when you will get profit from meme coin investment, sometimes people win big prizes early because of early increase but sometimes meme coins show no increase in price therefore meme coins are like a lottery.

[Altcoiner007]

wow $11.87 turned millions in a year. the investor must have been the first among those who bought SHIB while it was in its early listing. 

nothing wrong with being hopeful but you may spend more than $11.87 to make millions. the ones that had rocketed already a few weeks ago was BONK. people don't know about it until the price is already up there.  if $11 can make you own billions of it, it must be a good buy and wait.

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

I appreciate your research effort and the effort to do the math. I'm glad you realized that $11 could make for an investors a little above 1.5M. No exaggeration but you see it for yourself. The thing is, Seeing the potential, one could afford to invest more at certain time. Have you checked out WIF I mentioned in my post. I bought a little on Bitget  but was thinking to do more. Let me have your quick input.

[moneystery]

investing in meme coins is like betting on the lottery. you won't be able to say when someone will become a millionaire when they play the lottery, because it's not determined by how much they bet but how lucky they are. and like that investing in meme coins, because this coin is very dependent on market speculation meaning you don't know when someone can become a millionaire or become a beggar when they invest in this type of coin. everyone can only guess without knowing the direction of this token so they just hope that luck will be on their side.

[Altcoiner007]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

Very true. Often I have had to sell off at 2x profit and at best 10X profit. Which I hope to learn better strategies to manage risk and still also manage the emotion for long term hold.

[Iamcrypticguy]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

It's about timing, community support, and exposure. OP mentioned WIF, and after some digging, it looks promising. Judging by the ecosystem, exposure from centralized exchanges, market sentiment, etc., oh, and it takes patience too, like you said.

[glendall]

Can we truly become Millionaires with meme coins?

It's possible to become a millionaire with meme coins, there are already many who have benefited from meme coins. but we need in-depth research to play with meme coins, and always update the information, especially if playing in large amounts, there have been many incidents where coinmeme was destroyed when it entered the market but there are some that provide profits as you said the shiba inu

[Kelward]

They are like the lottery and that story isn't new and that's why many people are now investing heavily in meme coins thinking that it's going to be their ticket to riches. It's actually requires you luck and let it be if the meme coin you've chosen becomes popular and had a huge volume immediately. With all of the known meme coins that had made a lot of people wealthy or just actually few of them but didn't published most of them, it's very risky if that's your thinking about them.

Buying memecoins is likened to gambling, there are too many of them that are being dumped in the market and it takes luck to make a lucky pick from the bunch, there must be other memes at the launch of Shiba Inu, but what happened to the rest? They've probably sunk with investors funds. To become a millionaire in a project, you'd have to go all out and invest a substernal amount, after you've made a pick from hundreds of them, just remember to do a background check on the project first. I'd rather use my money to accumulate and hurdle Bitcoin, wait till ATH and sale, there's no question of probability of scam in Bitcoin investment.

[GlacierBIT]

Mem coins are quite volatile cryptocurrencies, they are more suitable for quick trading than other long-term cryptocurrencies. Guessing which of them can make you a millionaire is an extremely hard question, since these mem coins do not have much trust, I think that the risk is too great to make large bets.

[Ticdeneb]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It takes a lot of luck to get a 1000x profit in a meme coin. Because even if we become early holders, that is when prices are still low. But the question is whether we are able to withstand it after a 10x or 100x increase. most of us will definitely be tempted to sell it. And that's why it's not that easy. Usually the lucky ones are those who even forget that they have bought meme coins. and when they remembered it turned out that memecoin had risen rapidly and made them rich.

Facts. The temptation to sell usually supercedes the will power to hold Memecoins especially when there's a little profit added to what price it was bought for. Notwithstanding, while some Memecoins have the potential to make one some quick gains or profits, the chances that one might become a millionaire is slim as they mostly thrive on hypes. Anyways, this doesn't scare me from investing in Memecoins tho. I recently added a few to my portfolio, and will definitely add more if I think they're worth investing in like BABYDRAGON it's got some good hype and a scheduled listing on Bitget.

[God bless u]

It is not easy to become na millionaire with meme coins. And the only coin that one can make profits very well and become millionaire now is Ethereum and if the person was among the first investors in the project because the coin is still roaming around at the rate of the $2k+. And the way meme coins are entering the market is getting out of hand. Now how possible is this story is $11.87 to become a millionaire a year. Or the person became the millionaire in a dream? All these are fabricated stories. I really don't believe that.

That means the meme coin is growing faster than bitcoin itself. This stories are to lure people to invest on those coins which I will never fall for them.

The amount of money in meme coin is less and the amount of money in bitcoin and ethereum is more because the amount of money invested in bitcoin and ethereum goes up slowly, they cannot make a person millionaire very quickly on the other hand meme coin they can make a person millionaire in few months the main reason is that they can go up to 100x 200x 300x and bitcoin and ethereum are not like that even double or triple as much as possible, if some people had invested in Bitcoin when it was at 16k, it would have almost tripled.
I have seen with my own eyes several meme coins that gone higher

[gabbie2010]

Truly a meme investor can become a millionaire within a short period of time, however the task of choosing as well as screening out the potential meme coins out of the numerous meme coins in the market is a big herculean task of course there are also plenty scam meme coins also in the market too, there are also many meme coins advertisement on twitter each promising multiple profits when invested in them, of course there is going to be few of those meme coins that would trend and become successful in the future I believe a thorough research and further digging would help to unveil them

[irhact]

I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

I missed buying $Bonk when it was newly launched as I was thinking it won't become popular but it's now listed on Binance and other top exchanges. If I bought just $500 worth when it was launched, I would had being a millionaire by now so it's very easy to become a millionaire in memecoins but how to know which memecoins will become the next hyped memecoins that's where there's challenges. Investing in memecoins and winning is as investing in altcoins and winning but memecoins have more risk.

You can achieve the crypto millionaire status from investing in memecoins in weeks or months if the memecoin that you invested in wasn't popular but it later becomes popular and listed on top exchanges, some individuals have done it but they were very lucky. Many individuals have lost chasing after the next memecoins as we have many scammers launching new meme projects as they know alot of investors are interested.

[Altcoiner007]

I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

I missed buying $Bonk when it was newly launched as I was thinking it won't become popular but it's now listed on Binance and other top exchanges. If I bought just $500 worth when it was launched, I would had being a millionaire by now so it's very easy to become a millionaire in memecoins but how to know which memecoins will become the next hyped memecoins that's where there's challenges. Investing in memecoins and winning is as investing in altcoins and winning but memecoins have more risk.

You can achieve the crypto millionaire status from investing in memecoins in weeks or months if the memecoin that you invested in wasn't popular but it later becomes popular and listed on top exchanges, some individuals have done it but they were very lucky. Many individuals have lost chasing after the next memecoins as we have many scammers launching new meme projects as they know alot of investors are interested.

$BONK is another good story of a successful meme coin. I actually followed it but forgot to buy only to recall when it was already trending. Infact I love to bag any meme coin of my Interest on Exchanges like Bitget or Jupitar as they list some of them earlier before it skyrockets into Binance. If you're waiting to buy on Binance, I feel it's already late.

[DeathAngel]

You can get rich by buying memecoins, lots of people do but more people don’t get rich buying them than do. I made a post in a very similar thread not long back.

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.

[oktana]

~~~

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

I appreciate your research effort and the effort to do the math. I'm glad you realized that $11 could make for an investors a little above 1.5M. No exaggeration but you see it for yourself. The thing is, Seeing the potential, one could afford to invest more at certain time. Have you checked out WIF I mentioned in my post. I bought a little on Bitget  but was thinking to do more. Let me have your quick input.

The $WIF price looks good for a meme coin, however, I’ll suggest you invest with only the amount you can afford to lose because nothing is certain. You can invest a lot hoping it’ll be another SHIB but it turns out wrong. The total supply looks a lot though. I’m looking at data from coingecko and it seems it could be wrong because it claims that all 998M tokens is in circulation?  Anyways, understand the extra risks associated with memecoins in general and just make wise investments.

[wheelz1200]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

That's like trying to buy beanie babies after they already had theor run and now they are cheap again.  They took off in 2020 because that was the fad then.  Most times history on fads don't repeat.  Amd then second there are now 9 zillion of these things most of which are all useless scams.  Let's just say more millions will be made than lost this go around.

[johnsaributua]

It is a fact that the first time meme coin gave a fragrant image when doge flew millions of % by the hard work of investors, initially there were those who fomo, bought large amounts and gave their positive views on doge, and the positive trend on meme coin continued, and continued with other memencoins on different networks, meme coin in each chain proves that meme coin universally or randomly has a good chance and shows the existence that investors also need meme coin for dayli trading or whenever investors want.

Investment depends on capital, even though it is cheap, of course multiplying with fluctuating coin prices will be seen, if you want to make hundreds, thousands or even millions of dollars by bringing 10X or more capital is certainly needed more if you want to get lighter, maybe take profit a few percent of the capital.

How much profit is taken is valuable to me even though each person's trading style is different, the important thing is to know the risk of an investment.

[poodle63]

That's like trying to buy beanie babies after they already had theor run and now they are cheap again.  They took off in 2020 because that was the fad then.  Most times history on fads don't repeat.  Amd then second there are now 9 zillion of these things most of which are all useless scams.  Let's just say more millions will be made than lost this go around.

the classic cycle of meme coin, being created at first for the dev to accumulate, then some random whale suddenly pumps it, people interested in it then the price sky rocket, then suddenly price dumps because the devs and the whales are dumping their coin making people as an exit liquidity, its always like this but people aren't getting tired being tricked as such anyway, so many people still trying so hard to be that one lucky guy that happened to buy at the very earliest by random encounter.
but honestly considering as you said there are simply too much of such coin, I don't think random encounter of good meme could be happening as frequently, we can be investing in 1000 meme coin and all of them just gonna flop, since there are still millions of them left uninvested which might or might not be having good market capital in the future.

[LogitechMouse]

~
I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It depends. It can happen in a day. It can also happen in a month or a year, or it might not happen to you as an investor.

The lower the market cap of that meme coin is, the higher the upside therefore the higher the profits that you can get, but that's very risky, and you might lose anything. Can you imagine yourself investing $100,000 or even a million dollars to a meme coin that's relatively new to the market, and has a higher chance of it being abandoned? No, unless you're that rich already, but if you're an average investor, you will not do that.

Getting a million-dollar profit with meme coins isn't impossible, but what are the chances of it happening? What are the chances of you investing into a meme coin that early, and after a few weeks, it pumped up so high? Very low to nearly zero percent, and aside from that, you need to risk it all, and luck must be on your side as well.

[Iamcrypticguy]

~~~

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

I appreciate your research effort and the effort to do the math. I'm glad you realized that $11 could make for an investors a little above 1.5M. No exaggeration but you see it for yourself. The thing is, Seeing the potential, one could afford to invest more at certain time. Have you checked out WIF I mentioned in my post. I bought a little on Bitget  but was thinking to do more. Let me have your quick input.

The $WIF price looks good for a meme coin, however, I’ll suggest you invest with only the amount you can afford to lose because nothing is certain. You can invest a lot hoping it’ll be another SHIB but it turns out wrong. The total supply looks a lot though. I’m looking at data from coingecko and it seems it could be wrong because it claims that all 998M tokens is in circulation?  Anyways, understand the extra risks associated with memecoins in general and just make wise investments.

No lies, WIF looks good. I just checked the charts rn, maybe I'll DCA in or look for an entry and hope I get lucky haha

[NewRanger]

Maybe not anymore, because every day almost 2 to three types of coins are listed, for example on Bitget or others. If the pure pump is carried out by the owner many times, it is possible that if we hope that the market will of course continue to fall. Whatever type we choose, there is only one thing that needs to be paid attention to, namely that a good trader with a structured trading plan will always set a stop loss for secure funds if a downturn occurs at any time.

[konflikkastil]

Investing in meme coins can  yield significant returns, as demonstrated by the success of Shiba Inu and others. However, it's crucial to approach these investments with caution. The meme coin market is highly volatile and speculative, making it inherently risky. The rapid gains seen in some meme coins are often accompanied by substantial risks of equally quick losses.
Becoming a millionaire with meme coins depends on various factors, including the timing of entry, market conditions, and the specific coin's popularity. Historical successes like Shiba Inu highlight the potential for substantial returns, but they don't guarantee future outcomes.
Dogwifhat WIF, like any other meme coin, carries inherent risks. It's vital to conduct thorough research, considering the project's fundamentals, team, community support, and market trends. Diversifying your investments and being prepared for potential losses are key strategies in the highly dynamic meme coin market.
While meme coins can offer lucrative opportunities, they are not a guaranteed path to wealth, and investors should exercise diligence and caution in navigating this volatile space.

[oktana]

No lies, WIF looks good. I just checked the charts rn, maybe I'll DCA in or look for an entry and hope I get lucky haha

It’s not all about the price. The background of the coin is what determines if it’s all temporary or it’s something that could have its name last forever.

Maybe not anymore, because every day almost 2 to three types of coins are listed, for example on Bitget or others. If the pure pump is carried out by the owner many times, it is possible that if we hope that the market will of course continue to fall. Whatever type we choose, there is only one thing that needs to be paid attention to, namely that a good trader with a structured trading plan will always set a stop loss for secure funds if a downturn occurs at any time.

It’s still possible. Yes, many projects are being created daily, however, the sky is still open for projects to scale. It may be more difficult to find a project that will make you millions but it’s still possible.

[Sophokles]

No lies, WIF looks good. I just checked the charts rn, maybe I'll DCA in or look for an entry and hope I get lucky haha

It’s not all about the price. The background of the coin is what determines if it’s all temporary or it’s something that could have its name last forever.

Maybe not anymore, because every day almost 2 to three types of coins are listed, for example on Bitget or others. If the pure pump is carried out by the owner many times, it is possible that if we hope that the market will of course continue to fall. Whatever type we choose, there is only one thing that needs to be paid attention to, namely that a good trader with a structured trading plan will always set a stop loss for secure funds if a downturn occurs at any time.

It’s still possible. Yes, many projects are being created daily, however, the sky is still open for projects to scale. It may be more difficult to find a project that will make you millions but it’s still possible.

Yeah now there will be too many project in the market that will be listed in some dex with a small FDV to attract risk-takers who will invest in those projects because of the low FDV value. But at the end it will end up costing more money because most of these new project tokens are kept in reserve by the team itself. Most of these projects don't have more than 1000 unique investors when their trading volume is massive compared to the number of holders. A very ingenious way to put a shade in investors eyes.

[cryptoknightt]

but out of 100 or even a thousand meme coins not more than 10 coins will do well like that, it's not like you buy a meme coin worth 10$ and next year the price will go up very high like you said, not all meme coins will fare well like shiba and doge.

[CryptoHeadlineNews]

I can see that the meme coin "WIF" really do have the potential of doing far better due to its low market cap of 998 millions, but other meme coins which I see to do well better (i.e base on how much increase it has got within the past 1yr) and has the potential of going 100x to 1000x within the next 2 to 3yrs also include "Pepe, Bonk and Floki" as both "Pepe & Bonk" already has a proven record of haven gone 1000x, and likely to do so again and again.

         

[bastian466]

We could all become millionaires, but if God hasn't given us it won't happen, but we as humans can only try. I keep trying to analyze new coins from various trending categories, but I still don't have the strong confidence to jump straight in as an early investor in new coins, I prefer the top altcoins to avoid that doubt

[Mpamaegbu]

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin?

The thing with Memes is that there's always that element of not knowing when it will cast and disappear with the wind. Otherwise, memes are a sure way of flipping small capital. The $11.8 investment in Shib that turned millions is achievable but that will be with those who got in early and refused to sell off too early. I'm not sure there are those who kept that long, except they momentarily forgot they once bought and then had to quickly rush to sell off.

In 2021 when memes got on the trend, there was a memetoken (Moonrat or Safemoon, I can't remember again) that I invested less than $100 that turned >$5,000 but greed set in and I was hoping it would hit at least $10k. But of course, we know how these things end. I lost a better part of that profit before I sold off in regret and moved on. I learned a valuable lesson from that.

[redwine49]

It is interesting to read how many people read and comment on this tread. i see alot of viewpoint how people response about memecoin.
however i wanna share my simple though about how to read memecoin season.
Just to take a look at dogecoin performance
https://coinmarketcap.com/currencies/dogecoin/
So we can see the big picture about meme

[Bitstar_coin]

If you know what you are doing - not a very long to be a crypto millionaire. If you have been following the solana meme season you would see that bonkcoin managed to make some people millionaire for being such strong supporters and beliers of the project. Most people who got the bonk airdrop sold early but the few who hold got rewarded.
Another memcoin on sol is wif, this memecoin also made lots of investors rich if not millionaires too. The point is, once you are able to identify a good memecoin to hold and ride it to the top, you will happy with your decission.

[justdimin]

That's like trying to buy beanie babies after they already had theor run and now they are cheap again.  They took off in 2020 because that was the fad then.  Most times history on fads don't repeat.  Amd then second there are now 9 zillion of these things most of which are all useless scams.  Let's just say more millions will be made than lost this go around.

the classic cycle of meme coin, being created at first for the dev to accumulate, then some random whale suddenly pumps it, people interested in it then the price sky rocket, then suddenly price dumps because the devs and the whales are dumping their coin making people as an exit liquidity, its always like this but people aren't getting tired being tricked as such anyway, so many people still trying so hard to be that one lucky guy that happened to buy at the very earliest by random encounter.
but honestly considering as you said there are simply too much of such coin, I don't think random encounter of good meme could be happening as frequently, we can be investing in 1000 meme coin and all of them just gonna flop, since there are still millions of them left uninvested which might or might not be having good market capital in the future.

The devs are even luckier if a whale picks up their coin for manipulation but there are also lucky investors who can get on time before the coin dies. These are the ones that can try again and may only stop once they already experience a massive loss.

Yes, there are lots of these coins now, so that can actually mean that investors has more chance to earn and get rich than ever. There are no such thing as good meme coins, but maybe if they are like the coins that we talk about earlier, that classifies them as one, and also if they will remain to get listed and had some nice liquidity like on what we saw with Dogecoin and Shiba inu.

[Coyster]

Meme coins are altcoins and altcoins are quite risky. The thing is, you never know which altcoin would pump next nor the one that is going to dump, it is basically all about luck and that is why many people refer to altcoin investments as gambling. Having said that, if you think you can get rich by buying meme coins, then go ahead and see what happens, but mind you that no cryptocurrency is a get rich quick scheme, for coins like Bitcoin that has a use case, it can fall in price, but you are pretty sure that because of its utility it will rise again, but you cannot say the same for majority of altcoins, and that's why buying them is more risky.

[btc78]

I do not think how long is the right question here because no one truly knows when a coin will sky rocket but what are the chances of a memecoin turning you into a millionaire? I would say pretty low as most of memecoins do not get past the pump and dump stage they never recover and never get a new ath some of them even just die

If you get early in on enough of a new coin then it might take you as short as a year depending on when did the coin started gaining value it is a must that you keep your eyes peeled for new projects and try to see which ones seem to be most profitable or have the most potential

[redwine49]

If you have been following the solana meme season you would see that bonkcoin managed to make some people millionaire for being such strong supporters and beliers of the project. Most people who got the bonk airdrop sold early but the few who hold got rewarded.

Well i don't see the point what you said. People just want to hear how many x do they get, they don't care what is your story telling is

I do not think how long is the right question here because no one truly knows when a coin will sky rocket but what are the chances of a memecoin turning you into a millionaire? I would say pretty low as most of memecoins do not get past the pump and dump stage they never recover and never get a new ath some of them even just die

Basically you are right but people are trying to be right, they will keep their mouths shut when they are wrong and they don't want to talk about it.
But when they right, they will talk about it all day

[ThemFloo]

They are like the lottery and that story isn't new and that's why many people are now investing heavily in meme coins thinking that it's going to be their ticket to riches. It's actually requires you luck and let it be if the meme coin you've chosen becomes popular and had a huge volume immediately. With all of the known meme coins that had made a lot of people wealthy or just actually few of them but didn't published most of them, it's very risky if that's your thinking about them.

I totally agree with what you are talking about, indeed in the world of investment, in my opinion, it also follows the direction of hockey, because what when other people are lucky to invest and require a little time, after we try sometimes it is much different from what people talk about, back again if our hockey is good, we will be lucky, but if our hockey is not good it is already a risk.

[GreenStox]

I think the possibility is there, but not everyone gets that opportunity, maybe only 10 out of thousands or hundreds of thousands of people.
It's different if you buy a coin that has potential and is recognized, many people can become rich but not in a short time like memecoin.

[Yatsan]

Depends on the market and your capital as well. With capital or the amount you will invest, then obviously the larger amount brings bigger profit. And with market conditions, and as we all know how the market price of meme tokens move, most of the time it is just relative to major coins' price direction. Not all meme token especially new ones, are successful upon their release to exchanges.  We are just currently thrilled because there are many meme tokens lately which had a price break out but since we are in this crypto industry wherein no certainty is present as well as consistency with price directions, then it would be wrong to assume that climbing the million profit mark would be easy. Have a wrong entry and you'd be squeezed in deep loss. Never be too confident.

Remember what happened with SHIBA?  It should be a enough warning to investors who are too confident of meme tokens. These coins are mostly carried by hype alone and whale manipulation. If you know how to ride the tide then that would be fine. It is also unnecessary to focus only with the profit goal; be mindful always with the risk present. Volatility itself speaks for that risk.

I think the possibility is there, but not everyone gets that opportunity, maybe only 10 out of thousands or hundreds of thousands of people.
It's different if you buy a coin that has potential and is recognized, many people can become rich but not in a short time like memecoin.

Eitherway will not bring you guarantee of profit and if you are here for years, you'd know things won't always be in accordance with our expectations. Price charts are  good indicator and investing to potential alone will still be some sort of a gamble.

[Xxmodded]

Talking about how fast some one achieving crypto millionaire with investing in meme coin depend on how much your capital investment and which one meme coins your investment. Actually I don't sure with some one easily to be millionaire with meme coins depend on diamond hand or not, when meme coin up 100% actually many people won't loss opportunity for selling and not have ideas waiting with meme coin price pump drastically more than 1000% until 5000%.
Shiba inu coins is the real show us how many millionaire success, first they have huge amount investment and then keep diamond hand although siba price up still waiting another drastically pumping price before selling it.

[Beparanf]

Can we truly become Millionaires with meme coins?

Yes you can but the problem is finding the right meme coin that will give astronomical profit. Attaining this achievement requires extremely luck if you are just a normal trader because there’s bunch of meme coin exist and most of them are scam. So it’s like gambling on a x1000xxxx winning chance rate since investing on scam is already equivalent to immediate loss.

I believe meme coin investment is only profitable if you have an insider info about certain project that will give you advance call and can guarantee legitimacy of the meme coin. Without this, you are just gambling with meme coin.

[ichsan ardi]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It's true that there are people who have become millionaires because of memecoins, but that's just luck, in my opinion, that's the same as gambling. Buying memecoins is the same as wanting to get rich quickly. You need to remember that buying memecoins if you make a profit makes us make very high profits, but if we lose, our money can run out or have no value. What's more, instead of relying on buying memecoins, it's better if you buy altcoins like eth solana and others, investing in memecoins is the same as gambling, I think
do you agree with my opinion?

[IvugeoEvolutionCoin]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It's true that there are people who have become millionaires because of memecoins, but that's just luck, in my opinion, that's the same as gambling. Buying memecoins is the same as wanting to get rich quickly. You need to remember that buying memecoins if you make a profit makes us make very high profits, but if we lose, our money can run out or have no value. What's more, instead of relying on buying memecoins, it's better if you buy altcoins like eth solana and others, investing in memecoins is the same as gambling, I think
do you agree with my opinion?

There are very few people who have become millionaires by investing in meme coin. I don't really like investing in meme coin because it is very difficult to make a profit by investing in meme coin. I don't know if anyone has ever made a profit by investing in meme coin.  If we invest in altcoins instead of investing in them, it can bring profit for us.

[redwine49]

I think the possibility is there, but not everyone gets that opportunity, maybe only 10 out of thousands or hundreds of thousands of people.
It's different if you buy a coin that has potential and is recognized, many people can become rich but not in a short time like memecoin.

I believe memecoin become viral mostlikely because of their profit and the most profitable crypto in all time is memecoin for example shiba and dogecoin.
That's why back in time many people hunt them but now, we don't even know it will be back or not

[God bless u]

Yes indeed we can easily become millionaires with the meme coin if we have enough money then both losses and gains are balanced if you have enough for investment. If there is such a quantity then whoever is going to buy meme coin before listing it is not yet in the market, then the person should invest in it, because I have seen it myself that it often goes 100x.

The most trendable coin we saw a doge coin how many people take profit from this as well as shiba innu. But these all done with trends and news. Now a day's market condition is good but we didn't see the growth in such coins because no trends no news

[MIner1448]

If you mean boom meme coins like it was with dogi coin, then I think it was a one in a million chance. Its price tag was raised by a well-known person with the help of his tweets, but this did not last long, the same with other meme coins, it is impossible to predict such a price boom, because there is no technology or in-depth analysis, it is purely hype.

[yohananaomi]

If you mean boom meme coins like it was with dogi coin, then I think it was a one in a million chance. Its price tag was raised by a well-known person with the help of his tweets, but this did not last long, the same with other meme coins, it is impossible to predict such a price boom, because there is no technology or in-depth analysis, it is purely hype.

It is very difficult to be able to repeat something like that, and that is an exception that is only due to chance, and I agree that the probability of being able to get something like that is very high, and one in a million is to give an example that seems very unlikely to happen again.only relying on tweets and his followers believe in that and raise prices quickly but then those who speculate to buy because of influence, actually experience losses because the time has disappeared.No, and don't rely on meme coins because it is not and is very difficult to place meme coins as a reliable investment.

[LastKiss]

~snip~. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

Well, meme coin uptrend won't last long unlike Bitcoin or another altcoins, mostly meme coins full of manipulation and become exit liquidity in the end. Someone may become a millionaire just in few days with meme coin by investing in the correct one but it's very rare, we should know the risk because it can give you tons of money and it can vanish your money in a day. If you think meme coin that you just found is good with a strong community just invest in there for a short term don't for the long term because most meme coin will fall down when the hype ends.

[Lorence.xD]

Depends on how well you would ride the tide. We all know that meme tokens are so volatile and won't continuously and consistently increase. Most of times, its market price only increases due to whale manipulation and when there is an uprise price direction with major tokens. This only means that earning huge profit from it won't be easily achieved even if you will increase your capital 'coz the bigger your capital is, the larger your loss could occur as well. You could more achieve this by major token buy low and sell high strategy. Major tokens such as Bitcoin and Ethereum are ones having biggest chances for a price increase over other coins.

~snip~. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

Well, meme coin uptrend won't last long unlike Bitcoin or another altcoins, mostly meme coins full of manipulation and become exit liquidity in the end. Someone may become a millionaire just in few days with meme coin by investing in the correct one but it's very rare, we should know the risk because it can give you tons of money and it can vanish your money in a day. If you think meme coin that you just found is good with a strong community just invest in there for a short term don't for the long term because most meme coin will fall down when the hype ends.

Yes, most of the time increase is not reaching 10% or above, and decline always follows. Also, it will still depend on your risk tolerance and amount you will invest. If you are just using below $1k, then it will be a long run to reach such desired profit. Short term investments are ones which could generate bigger profit however, those are the ones which cause larger loss as well.

[goaldigger]

It can happen over night, within a week or even a month considering the hype is there and the capital is huge.
We know that meme tokens are unpredictable and being manipulated, you’re lucky enough if you are able to buy and then later on it pumps but its very rate to see meme token pumps that much. Don’t expect to become a millionaire if you only invest $100 with the meme token, because it may never happen to you.

[Bushdark]

wow $11.87 turned millions in a year. the investor must have been the first among those who bought SHIB while it was in its early listing. 

nothing wrong with being hopeful but you may spend more than $11.87 to make millions. the ones that had rocketed already a few weeks ago was BONK. people don't know about it until the price is already up there.  if $11 can make you own billions of it, it must be a good buy and wait.

This is very rare and for me I don't think this is even posible. We need to know what we read and try to comprehend it well so that we don't end reading and writing what we don't know. The crypto market has it own way of compensating us if we hold the right crypto project. I have never seen the possibility of turning $11 into millions. The possibility of this is not there, maybe this is just hype and nothing more.
It is good for op to through more light so that we could understand more.

[Y3shot]

Even bitcoin that has more value and very reliable can not make one to be rich. Expecting meme coin to make you become rich is impossible because meme coins are coin that are known to be very risky and most of them are scam project. Normally investing in memecoin is something that people shouldn't expect much from and dealing with meme coin it is advisable people invest only with little amount that they can afford to lose.

[Obim34]

It can happen over night, within a week or even a month considering the hype is there and the capital is huge.
We know that meme tokens are unpredictable and being manipulated, you’re lucky enough if you are able to buy and then later on it pumps but its very rate to see meme token pumps that much. Don’t expect to become a millionaire if you only invest $100 with the meme token, because it may never happen to you.

Memecoins can do both the pump and dump within some few hours, we never just know and invest blindly. It's not rare to see memecoins pumps, I think they are most of crypto investment that has the highest one time pump, just little buy can make a person a millionaire, it's unpredictable.

[AVE5]

I can't afford to invest an amount that is not affordable for me to loose in Memecoins nomatter how lucrative he project may look like.
Yes I agree that of you if one must achieve a millionaire status while investing on the Memecoins then the Investor must also be a millionaire or a thousandnaire because you must have to invest such a huge amount of fund after market analysis and knowing that the market would rocket to the moon in a close time and I'm sure the Investor wouldn't have to keep an eye off from monitoring the markets else as long Memecoins is concerned, there's a potential risk to loose it all after a great rise in the market.

[|MINER|]

Alt coins have no guarantees.  It is not possible to say anything specific about it.  But getting rich overnight by investing in altcoins is ridiculous.  Al-Coin prices have also seen an uptick along with Bitcoin after the recent erratic run.  Like memes, the price of Shivaay Nu has also been seen increasing.  Investing during this period may bring you some good returns but it is not going to make you a lot of money very quickly.  And it might be foolish to expect that.  Investing a lot of money in altcoins without checking it can be a stupid reason to watch the price of altcoins increase.

[tengui]

The answer is yes, if you invest in the right meme coin. the problem is who can guess which meme coins will be hyped in the future?
and one more thing, if you want to be a millionaire you shouldn't invest in meme coins that are currently hype. This means you have to invest in meme coins that are not yet hype and have very cheap prices.

[Jonyshake71]

Depends on fund. If anyone invest $0.1 million then maybe Memecoin can make him millionaire within a day by pumping itself 10x. Or we know the story of shiba inu! Investor bought $17 worth shiba and it turned into million maybe within some months. If anyone invested 17k$ then maybe he could gain billionaire status! Well come to reality! Thousands of memecoins are here, nobody knows anything. No roadmap, no sign or indication. Don't hope too much otherwise you'll keep losing continuely

[sekalitas]

Can we truly become Millionaires with meme coins?

It's possible, but highly unlikely. The vast majority of people investing in meme coins lose money, or make modest profits that are nowhere near life-changing amounts. While a few early adopters of specific coins have seen ridiculous gains, they are outliers of an exceptionally risky investment strategy.
If you're exploring meme coins, do so with extreme caution. Only invest what you absolutely can afford to lose, do your research, and never let the potential for "becoming a millionaire" cloud your judgment.

[Nothingtodo]

Shiba Inu, pepe, Bonk, WIF All these meme coins have made many millionaires this year. Those who bought memecoins in the bloody market in 2022 have received thousands of times the profit from all those memecoins this year. If someone had invested 1000 dollars in all these coins at that time, he would have made a profit of millions of dollars this year.

[AnonBitCoiner]

Shiba Inu, pepe, Bonk, WIF All these meme coins have made many millionaires this year. Those who bought memecoins in the bloody market in 2022 have received thousands of times the profit from all those memecoins this year. If someone had invested 1000 dollars in all these coins at that time, he would have made a profit of millions of dollars this year.

Exactly all those have gained huge profit from meme coins who invested during bear season when every coin was in dip therefore it is necessary to buy coins when the price was lower but many people don't take such risk and in future they feel sad for their deeds.

In my opinion it is not suggested to put money in meme coins when the price become higher because they are already risky so investment in increasing price become more risky. Currently most of Meme coins have attained huge gain so one can easily get their rewards who invested earlier.

[Bushdark]

Shiba Inu, pepe, Bonk, WIF All these meme coins have made many millionaires this year. Those who bought memecoins in the bloody market in 2022 have received thousands of times the profit from all those memecoins this year. If someone had invested 1000 dollars in all these coins at that time, he would have made a profit of millions of dollars this year.

Exactly all those have gained huge profit from meme coins who invested during bear season when every coin was in dip therefore it is necessary to buy coins when the price was lower but many people don't take such risk and in future they feel sad for their deeds.

In my opinion it is not suggested to put money in meme coins when the price become higher because they are already risky so investment in increasing price become more risky. Currently most of Meme coins have attained huge gain so one can easily get their rewards who invested earlier.

Making money in the crypto market is possible but we have to be prepared to wait and try to make money from the market and this is dependent on how much we are using to trade in the market. There are millionaires already in the crypto market planning to gain opportunity to make more money so that they could hit the level of a billionaire. Everything is possible as we need to work towards it buy investing in new projects at presales and buying less expensive tokens to hold for the bull. This is a matter of time and we need to fully ready for it with patience when investing.

[Tahid12]

I also know about that, i heard  $12 worth of SHIB at that time, made lots of  people millionaires. That was because eth ceo had burned massive amounts of shiba that which cause it pumped like a dream. So was bome, bonk and many others memecoins. Its true that crypto can make your dream come true and makes you millionaire within short time but nobody knows how or where to invest. Lots of memecoins are launching daily but most of them scam after some days. Keep buying memecoins for become millionaire, maybe a loss idea now. Millionaire is a complex case by memecoin nowadays

[Nazmul012]

It feels wonder when i heard about altcoin that make people millionaires and in reality, It is possible to get millionaire with memecoin, justs need to hit upon the right coin. Thats it. Recently i found memecoins that were launch in Solana network, most of them become very successful. Even bome, bonk is from them. Even You mentioned about WIF was also from solana chain, already listed on binance and already raise up higher. So what's your story op? It seems you are early investor of WIF, hope you made decent profit from that memecoin

[Silberman]

I also know about that, i heard  $12 worth of SHIB at that time, made lots of  people millionaires. That was because eth ceo had burned massive amounts of shiba that which cause it pumped like a dream. So was bome, bonk and many others memecoins. Its true that crypto can make your dream come true and makes you millionaire within short time but nobody knows how or where to invest. Lots of memecoins are launching daily but most of them scam after some days. Keep buying memecoins for become millionaire, maybe a loss idea now. Millionaire is a complex case by memecoin nowadays

The title of the thread is a dead giveaway about the mentality of the OP, in their minds there is no doubt this is something they can achieve, and in fact it seems as if it is a complete given to them, but this is not correct, while there are investors which can become millionaires in a matter of weeks or months with meme coins, the likelihood of such outcome is so low that only a very small amount of investors will experiment something like that during their lives, and most of those that do, just got lucky and there is no way to replicate their results.

[terrific]

You have to be first and it's like a gamble that you're betting for something that you don't know what will happen.
I believe that those that gets the status of being millionaires through meme coins are firstly, the devs. The next one, the lucky investors that have been nothing but lucky all of their lives.

[JeffBrad12]

The answer is yes, if you invest in the right meme coin. the problem is who can guess which meme coins will be hyped in the future?
and one more thing, if you want to be a millionaire you shouldn't invest in meme coins that are currently hype. This means you have to invest in meme coins that are not yet hype and have very cheap prices.

this is a thing called meme coin sniping and they usually requires much capital to just trying invest into the most random meme coin out there hoping that eventually it will get to the level where the market cap at least hitting hundred million dollars.
it might seems all fun and rainbow when we are talking about becoming millionaire from meme coin investment, what people usually forgets though that majority of people are losing money by buying at peak with these meme coin or investing in the wrong meme coin its just that they don't really trying to publish their losses, i remember just a few days ago if im not mistaken that someone lose their million of dollars just because he trade with high leverage on meme coin that is pepe coin and unfortunately lost all of their money in it because he didn't set cut lose.
such a thing should also be remembered for those that want to make money out of meme coin investment only invest what you can afford to lose.

[GxSTxV]

I have just received a message from a friend asking me to buy the you halving memecoin due to Bitcoin halving event, so this is going to be the answer for him as well; It's not about how fast someone can achieve the millionaire statu with a very small investment, but how lucky you need to be to buy into the coin with the highest percentage of growth early on. With thousands of meme coins launched everyday whenever something happens or trends emerge, people create these coins with random or funny names. The only notable feature of these coins is their low price due to the massive total supply compared to liquidity.
While it's good to have hope for a coin after reviewing its community and potential, finding one that will make you a millionaire just by investing a few bucks is as difficult as winning the lottery.

It's wiser to stick to safe and small investments with such coins, maybe participating in their airdrops from projects with reputable teams where they start listing on decent exchange platforms. In conclusion you need to be cautious about spending all your funds on useless scam coins as well.

[X-ray]

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It's still nothing compared to the a trade who purchased 8k USD worth shiba inu and he turned it into more than 5 billions USD.

The saga begins with a strategic move in 2020, when the trader initiated an $8,000 investment in Shiba Inu. Fast forward to October 2021, and the investment had skyrocketed to an astonishing $5.7 billion, marking an extraordinary 85-million-percent leap. This meteoric rise not only captured attention within the crypto community but also earned recognition as the “greatest trade of all time.”

https://watcher.guru/news/shiba-inu-investor-turns-8000-to-5-7-billion-heres-how

That trade has been marked as the greatest trade all time. To be honest, as long as you were picking the right token and it can change your life. It's obvious if we can turn ourselves to be millionaires as long as we are investing in the right meme tokens.

The question is now appearning in my mind, how can you avoid the scam meme tokens?

I know that even some people were spreading their money to the various tokens in order get the same result like what shiba traders did.

[Ivystar5]

This is the exact question I want to ask! I'm buying coins outside bitcoin but they're not going up instead dey reduce in value and leave my wallet with only figures.

How can I get a millionaire status with crypto because all the YouTube videos I watch are not working for me.

[God bless u]

Even bitcoin that has more value and very reliable can not make one to be rich. Expecting meme coin to make you become rich is impossible because meme coins are coin that are known to be very risky and most of them are scam project. Normally investing in memecoin is something that people shouldn't expect much from and dealing with meme coin it is advisable people invest only with little amount that they can afford to lose.

Yeah that's interesting advice but you cannot completely ignore the meme coins I mean they have made people millionaires. You can have examples of variety of meme coins like Pepe etc. People have invested in thousands of dollars and they got out of the market with millions of dollars. That's only I would say a 1 percent side of meme coin world.

The other side is very dark and it should also be looked up and considered while you invest into the meme coins. People have lost their whole portfolios in greed of getting rich by investing in meme coins and I agree with you that most of these projects are scams That's why it's more advised to stay away from them.

[FanEagle]

You could become one very fast, start at 990k and be a millionaire in a minute. However, if your entire goal is to become rich thanks to meme projects then I am sorry but you are not going to be one of the few lucky people who could do that. I have seen a few people who did, I have seen some who invested very heavily during launchpad times as well, and got lucky and became very rich. But that doesn't mean that you are going to get rich like them, that was luck for them and they got lucky that's it.

I believe that most people will end up losing all their life savings on these silly stuff and they should stay away from them. I have warned everyone to stay away for years now, but because a very few people did get richer, everyone assumes it's possible.

[VFalcon]

The easiest thing to do is to buy first, but that's almost impossible))). I'm resorting to a combination for now, buying a few potential memes and still staking TFS with a big APY. Maybe that way I can become a millionaire.

[redsun114]

I also know about that, i heard  $12 worth of SHIB at that time, made lots of  people millionaires. That was because eth ceo had burned massive amounts of shiba that which cause it pumped like a dream. So was bome, bonk and many others memecoins. Its true that crypto can make your dream come true and makes you millionaire within short time but nobody knows how or where to invest. Lots of memecoins are launching daily but most of them scam after some days. Keep buying memecoins for become millionaire, maybe a loss idea now. Millionaire is a complex case by memecoin nowadays

The title of the thread is a dead giveaway about the mentality of the OP, in their minds there is no doubt this is something they can achieve, and in fact it seems as if it is a complete given to them, but this is not correct, while there are investors which can become millionaires in a matter of weeks or months with meme coins, the likelihood of such outcome is so low that only a very small amount of investors will experiment something like that during their lives, and most of those that do, just got lucky and there is no way to replicate their results.

If others can achieve it then why can't we? Stories like this are not new anymore and many are also legit. Maybe if we keep on trying and then we team it up with hardwork on doing a research, we can increase our chances to be successful.

Meme coins won't boom like this if there are only a few people who are interested on them but maybe you are right that the rate at which one can get wealthy because of them are only tiny. Not that I am bitter with them but that's also a good thing because it makes them realized that there are also other cryptos which can be better than the meme coins in terms of stable growth and offers other functionalities.

[justdimin]

Even bitcoin that has more value and very reliable can not make one to be rich. Expecting meme coin to make you become rich is impossible because meme coins are coin that are known to be very risky and most of them are scam project. Normally investing in memecoin is something that people shouldn't expect much from and dealing with meme coin it is advisable people invest only with little amount that they can afford to lose.

Yeah that's interesting advice but you cannot completely ignore the meme coins I mean they have made people millionaires. You can have examples of variety of meme coins like Pepe etc. People have invested in thousands of dollars and they got out of the market with millions of dollars. That's only I would say a 1 percent side of meme coin world.

The other side is very dark and it should also be looked up and considered while you invest into the meme coins. People have lost their whole portfolios in greed of getting rich by investing in meme coins and I agree with you that most of these projects are scams That's why it's more advised to stay away from them.

That's the point a lot of people don't understand. They need to know that investing in meme coins is like gambling with the money that is being used for the investment because the outcome is completely unknown and the chances of losing the money are higher than getting something out of it just like gambling where odds are stacked against you and the house usually win at the end of the day.

A lot of investors are investing their money in meme coins these days only because they have heard a lot of success stories about meme coin investors who became millionaires but they ignore the failure stories where a large percentage of people have lost their money due to such investments and that is a larger number than the number of people who got success.

[mich]

We do hear about the crypto Millionaires that did get rich from investing in the meme coins. But how does he know to buy millions of these coins that is not worth anything, to now he is a Millionaire.

There is so many meme coins all we need to do it get lucky and pick the right one. Then we can make so much profit it is ok if the other investments in our portfolio don't make huge gains. But we have to be very lucky for that to happen to us.

[DeathAngel]

It’s like a mine-field, you need to be so careful that you don’t get blown up. Yes some people invest a relatively small to moderate amount in a coin & become wealthy but you don’t hear about the vast majority who invest in a coin that does nothing. People who become millionaires from a memecoin are in the minority, it can happen but you are more likely to invest in the wrong coin & stand on one of those land-mines.

[Kristiyana]

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

[ultrloa]

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

Only few lucky people will became a millionaire on this especially if they are a risk taker which can afford to lose to test out all possible potential meme coins that can give them lots of profit.

But hard to deal with this or retain something positive mindset towards dealing on meme coin since we don't know if we can earn since a lot of those token exist are just pure scam.
Maybe there are few of them rise a lot like 1000x which a lot of people want to hit, but this is hard to seen and most likely before we can experience that to many times we will get scam by those people who always wait for their victim to believe that there's great developments will happen to the meme coins they created.

[Belarge]

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

The market is often not friendly and have not also will been in the best position. We should exert top actions towards the market, always knowing our weaknesses and strength. Memecoins are promising projects and their time frames of hitting huge pumps becomes essential. It's our choice to either follow the market trends or simply sticking back to back with market price action of these projects. I know it's never an easy path to walk down, and we should be handling the top jobs.

[peter0425]

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

That would depend on how much you have put in a specific memecoin and if it will give you 10x, 20x or 30x maybe even 100x return but what are the chances of that happening?

Close to none actually and even if it does reach a particularly high price, you would need to make sure that you sell at a good time or else it will all be for nothing.

[Bushdark]

For your question I think meme coin can actually make someone a millionaire yes it do happen but it's very rare because those coin is not rampad and it's very hard to notice those type of coin because we feel meme coin is just meme coin. There are people who turn millionaire with meme coin not because they knew it was going to be so but they just try and hope for the best of it.

I think one of the fastest way for us to achieve the crypto millionaire status is very investing hugely on new projects especially the ones at presale. Presale can be very risky if the project could not launch and end up taking our money away.
There are so many opportunities in the market for us to earn and make money for ourselves but the opportunity might looks risky for us which is the number one reason we have to invest what we know we can afford to lose in the cryptocurrency market.