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

[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.