Have you been profiting from memecoins?

[coin-investor]

Unfortunately, I failed to profit from these meme coins I was targeting new meme coins in the market so I could profit when they started to pump into the market but it's hard to get the right meme coins to invest in because there are so many new meme coins coming up and you need a big investment.

These old meme coins that are already in the market are also good but compared to a new meme coin they hardly get pumped, I have 5 or 6 meme coins in my wallet and these meme coins failed to get in the market and the developers did an early rug pull, so many meme coins are like this, because scammers and hackers are meme coins creators too.

[Bushdark]

I have made several profit from different altcoins projects and that is one of the reasons why we keep seeing more investors putting their money on altcoins. Altcoins are very profitable especially holding memes that has bullish movements.
We can always make money from the market if we know how look for good meme tokens that have huge potentials of doing well in the market. The most important thing is for us to look for them and invest few dollars using risk management so we don't lost money if the project ended up but moving well.

[AnonBitCoiner]

Not many people like memecoins, but when market conditions many memecoins increase in price, many traders are forced to buy meme coins to try to make a profit on meme coins. Every coin we buy will indeed provide a risk, but from very high risks we can also make quite large profits. Therefore we must be brave to face risks to gain profits.

People these days like meme coins because of its huge profit immediately like many individuals have already made huge profit from the meme coins like Pepe which was assumed as a risky investment coin previously but as the time passes it becomes more successful therefore people often choose profitable coins and avoid its risk.

Taking risks during current situations is a good decision and if one wants to get huge profit then he should invest in three or four different meme coins like Pepe, floki and doge etc so he will find a way of making quick earnings in a short time.

[lalabotax]

I think the main game starts once you understand the strategy and plan. If you really want to make some profit with meme coins, find them on Coingecko and research. Now I'm not advising you all to do the same as me but I'm just sharing what I do when investing in meme coins.

Indeed, The problem is how much we understand about how to use meme coins. because, meme coins are shit coins. But in reality, many people get very high profits from these meme coins quite easily. but on the contrary, many people fail and actually lose their money on these shit meme coins.

What's the point?
The point is, however, meme coins are high risk. However, as long as we can do it well, as long as we can understand how, and have good knowledge and experience about meme coins, yes this could be a way for us to succeed in getting high profits.

Actually, so far, I have never done it or succeeded in getting profits  from meme coins. Because I am afraid of the big risks of these meme coins. So, yes, we really have to get used to understanding it first.

I was able to read here about how to find meme coins early. And this might help.

• Looking for the High-Potential Presales
• Joining Crypto Social Media Channels like Discords, telegram, and others
• Using Tools such as:  DEXTools, CoinCodex, and  probably others
• Tracking Blockchain Activity

LINK: https://www.techopedia.com/cryptocurrency/how-to-find-new-meme-coins-early

[Kristiyana]

Actually i think meme investment requires a higher understanding and also knowing the strategies to take because if you don't know the strategies to take and also having the understanding about how the market works it will be very difficult for you to get profited from meme investment, because meme investment is not like that of bitcoin investment that doesn't requires much knowledge, that is why most people prefer to invest only in bitcoin instead of investing in memecoins considering the risk that is involved in meme investment.

[Ben Barubal]

I am positioned ready for or should I say hoping for a wild meme coin season. If there is to be one it will likely be in the next 18 months to mirror what Bitcoin will be expected to do. There are many meme coins, it can be difficult to invest in the right one(s). There is one ERC20 token I have a lot of hope for called Option2Trade. It’s still in presale but launch is in 6 days on Bitmart- https://option2tradepresale.com/

What's special about this coin you're talking about here? I'm just asking. I'll try to do my own research here first, and then I'll decide if it really has potential or not in the future. Anyway,  thanks for sharing.

I have made several profit from different altcoins projects and that is one of the reasons why we keep seeing more investors putting their money on altcoins. Altcoins are very profitable especially holding memes that has bullish movements.
We can always make money from the market if we know how look for good meme tokens that have huge potentials of doing well in the market. The most important thing is for us to look for them and invest few dollars using risk management so we don't lost money if the project ended up but moving well.

I have made a profit from the meme coins that I have now, and until now I am still taking profit from them. It is one of the top meme coins and is also listed among the top altcoins in the market, like Pepe Coin, Bonk, and other meme coins that are new here but are listed on the top exchanges.

[Yatsan]

I did but decided to not sit for long since voltility is higher. I was just quite lucky to be able to  sell before the market price of DOGE gone rock bottom. Unfortunately, a friend of mine chose to hold that time and  he was left with only 10% of the amount he invested. He also decided to cut the loss by that time. This year,  the market prices of memecoins started to recover and that's the lesson to be taken by most of the people here no matter what coin are they engaging with. But going back, I decided to leave memecoins because I know to myself that I cannot handle that much of risk but this is not to close the doors or to be certain that this coin narrative is not worthy of investing. It's just the idea that I know this coin is not fitting my investment habits.

[Cornia]

I have not invested in any memecoin so far. Because memecoin price volatility is very high. So I have not earned any profit from here till now. Wanted to invest in Dogecoin during the last bullrun but ended up not investing anymore. However, proper research should be done before investing in such coins.

[cozytrade]

I have not invested in any memecoin so far. Because memecoin price volatility is very high. So I have not earned any profit from here till now. Wanted to invest in Dogecoin during the last bullrun but ended up not investing anymore. However, proper research should be done before investing in such coins.

If you want to invest then you can invest in Bitcoin. You can only make a profit if you invest in some good coins.I think I have no idea how good it will be to invest in memecoin so I would say you can invest in some good coins including bitcoin without investing in memecoin.I don't want to invest in memecoins most of the time because the probability of profit from investing in memecoins is very low.

[strunberg]

Actually i think meme investment requires a higher understanding and also knowing the strategies to take because if you don't know the strategies to take and also having the understanding about how the market works it will be very difficult for you to get profited from meme investment, because meme investment is not like that of bitcoin investment that doesn't requires much knowledge, that is why most people prefer to invest only in bitcoin instead of investing in memecoins considering the risk that is involved in meme investment.

Investing in meme coins also requires luck. Most Meme coins have no fundamentals and rely solely on the strength of the community. This means we need to be able to see how big the meme coin community is before deciding to invest. But it still requires luck. Because if you try to invest in a new project that can produce tens of times the profits, you also have to be prepared for the risk of losing all your money.

[Dr.Osh]

I have not invested in any memecoin so far. Because memecoin price volatility is very high. So I have not earned any profit from here till now. Wanted to invest in Dogecoin during the last bullrun but ended up not investing anymore. However, proper research should be done before investing in such coins.

It's normal if someone hasn't made a profit from meme coins because basically meme coins have a high risk. As far as I remember, I made a profit from Dogecoin, and that was because I sold some coins that were not that valuable, and kept them in the form of dogecoin. So when the price goes up, I make some profit.

[Taskford]

Actually i think meme investment requires a higher understanding and also knowing the strategies to take because if you don't know the strategies to take and also having the understanding about how the market works it will be very difficult for you to get profited from meme investment, because meme investment is not like that of bitcoin investment that doesn't requires much knowledge, that is why most people prefer to invest only in bitcoin instead of investing in memecoins considering the risk that is involved in meme investment.

Investing in meme coins also requires luck. Most Meme coins have no fundamentals and rely solely on the strength of the community. This means we need to be able to see how big the meme coin community is before deciding to invest. But it still requires luck. Because if you try to invest in a new project that can produce tens of times the profits, you also have to be prepared for the risk of losing all your money.

We really need that one since its hard to pick a good meme coin nowadays since we know that they will just exist for short term. There maybe some meme coin became good but there are only few of them that's why we should not gamble any huge amount that we can't afford to lose on this since there's so huge risk involve on this kind of investment and we might not experience to get any profit especially if the meme coin we bought will never get a good action especially that the one who owned it are just a total bastard which. I don't know if we can really get that 10 times of profit but we should be aware while dealing with this and better secure our profit as early as we can since we know this meme coin has a high tendency to have a fast dump and for sure we will never like to experience of getting drowned by situation and can't get anything because we became so greedy.

[Selingkuhan]

I once put some money in meme coins like doge. Yes, of course I get profits from Doge, on the other hand there are several meme coins such as Floki, Pepe and Bonk, they also give me profits. But now I no longer keep them, I sold them all when the price went up.

[Marykeller]

What I normally advise people who want to invest in memecoins is, to invest in them at their early stage before they start trending in price. Because the moment they start that(skyrockets in price), you as an investor would no longer invest with your spare money, instead would invest with huge money to see huge profits out of your investment with memecoins. By the time those memecoins will experience a correction of price by declining drastically, you the investor will feel pained about why you invested in the memecoins at first without thinking of it dumping in price in that manner.

One thing about memecoins is never to place much hope on them because they can be dumped at any time by those that have billions of them in their portfolio. However, see investing in memecoins as a gamble that one gains or loses over time

[Magic-Money]

Yes I have been get profitable in memecoins like Shiba Inu and Hex coin really open my eyes in the cryptocurrency market industries which I got a profits beyond measures imagination and calculations of return investment. Hence memecoins are good to invest on early stages.

[Kristiyana]

What I normally advise people who want to invest in memecoins is, to invest in them at their early stage before they start trending in price. Because the moment they start that(skyrockets in price), you as an investor would no longer invest with your spare money, instead would invest with huge money to see huge profits out of your investment with memecoins. By the time those memecoins will experience a correction of price by declining drastically, you the investor will feel pained about why you invested in the memecoins at first without thinking of it dumping in price in that manner.

One thing about memecoins is never to place much hope on them because they can be dumped at any time by those that have billions of them in their portfolio. However, see investing in memecoins as a gamble that one gains or loses over time

You're right investing in the early stage before they start trending in price, I think that's a good idea but when doing that you need to look for those top memecoin that have the potential to increase in there value, reason is because there are some memecoins that is not worth to invest that's those memecoin that is always stagnant no increase in their value. Of course meme Investment is just like gambling because there's no guarantee about what the outcome will be.

[highalch]

You're right investing in the early stage before they start trending in price

Approximately 99.99998% of memecoin launches are ICO scams or rugpulls.

If it doesn't have at least a 100M USD of liquid market cap, I'm out

[bastian466]

Once I got profit from coin memes, namely when I had some doge coins at that time that I was holding on to then the Elon trend came which changed the situation. The doge meme coin became increasingly popular. At that moment I sold when doge touched its highest price

[Godday]

You're right investing in the early stage before they start trending in price, I think that's a good idea but when doing that you need to look for those top memecoin that have the potential to increase in there value, reason is because there are some memecoins that is not worth to invest that's those memecoin that is always stagnant no increase in their value. Of course meme Investment is just like gambling because there's no guarantee about what the outcome will be.

I agree with you. But as said by highalch that 99% of meme coin launches are scams because they do not guarantee to have liquidity. Investing in the beginning, especially in meme coins at the pre-sale stage, will risk losing your money. And investing in meme coins that are already popular will not give you good profits. But I personally choose to invest in meme coins that have been listed on the exchange because so far I have made several profits from trading meme coins on the exchange.

[wtsimis]

No, I have never made any profit with meme coin in my life. Because I am myself. I wasted a lot of dollars by mistakenly investing in meme coin.
Meme coin has a cult following during the pump with many investors coming through various social media platforms and pumping it up even more. But during the dump the small investors get out, meaning a lot of dumping. Then no matter how much DCA you do, you will never be able to recover it. That's what happened to me.