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

[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.

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[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.