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

[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.

[btc78]

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.

Sometimes, it’s a gamble and if you are willing to gamble you can earn some pretty good profit.

However we can not simply dismiss the consequences you might find if you end up getting the wrong end of the stick. Yes it might make you a millionaire but it can also break you apart reducing you to nothing after taking all of your money.

Sometimes even analyzing a project really hard will still not help.

[Essential10]

OP, it doesn't seem like unexpected events like you're hoping for can happen again. Compared to the past four or five years, the characters of meme coins are not emerging, their characters are being destroyed. Only $11.87, with such a small amount it seems unlikely that someone would dream of becoming a millionaire for the second time by investing in meme coins. Meme is the highest risk investment, currently meme coins are disappearing from the market fast. A lot of meme coins in the market are trying to live up. I can't name any coin here but I think some meme coin can pump 50x or 100x during bull season.

[Huppercase]

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.

I don't buy into most of those stories because out  10,000 people who invested in such type of project, you will hardly see one person who did made such kind of profits, they are just rare. The OP is asking a way that meme coins is going to change his life, he didn't ask how to avoid ways in which meme cons can ruin his life, few of them succeed last season and the rest never made it to this 2024, even the ones that did are still struggling for liquidity probably a way to sell in their buy target and exit the market.

Another problem of memes coins today is that we now have plenty number of them that you hardly know the one that might archive it's success. If you look at Solana network and check the number of meme coins on the blockchain, you will be shock how 80% or even more are scams and has nothing to offer the community but rugpull and these shitcoins are easy to create because of the low fees, Ethereum is less dramatic because of the fees.

[sulendra12]

Can we truly become Millionaires with meme coins?

You definitely could, there were lot of examples that's become real like what you said with SHIB earlier, but with so many meme coins out nowadays, it's really difficult to pick which one is really "promising" among of those garbage meme coins if you want to try your luck into this kind of stuff. It's okay if you do it sometimes but I do not really recommend to make meme coins for your living especially for such high goal as a millionaire.

[Ben Barubal]

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?

Maybe the only thing you will always remember is that, as most people say, the majority of meme coins that come out that are new in the crypto space are really very high-risk. But when you have a good time, the hype and development that a meme does coin is also for sure that you will suddenly become really rich.

But it's rare and not easy to see this potential meme coin like Shib that just started with something not serious but in the end they took it seriously because a lot of people trusted and believed that's why, until now, if you look at the marketcap of SHIB, it's really too big or too high compared to other meme coins now in the market. Good luck with your plans.

[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

[wheelz1200]

I would think more people will lose millions than gain millions in the end.  These are poping up faster and faster and the money will eventually be spread too thin to sustain any significant returns for one coin to succeed.  In the short term people will have tons of paper gains but most people don't cash out to enjoy it.  Good luck in your adventure through that sludge market.