How do people make millions with memcoins

[Student of Bitcoin]

As per the title of your question I would say that people are able to earn millions from meme coin but it depends entirely on luck. But if you are sure that you will be able to achieve success by investing in these coins then you are wrong because the price of these coins constantly goes up and down a lot. I have heard of some investors who were suddenly able to make a lot of money from DogeCoin.

[albon]

I spent $50 to buy random shitcoins in the last year, now my money worth $9 and three of the tokens were delisted from the exchanges.

Making money in meme coins is similar like gambling, anything can happen.

Although I didn't earn by investing in meme coins, but I believe other people who earn a lot are nothing more than lucky people. Even they've tell what they did before choose the meme coins, when we follow their tutorial, we still not able to make the same money like them.

Meme coins are not suitable for long-term investment, you could have taken your capital out and left some of your profits if you were confident in the progress of the coin project, or act as a speculator in the short term.

New meme coins that are newly listed on less popular CEX platforms are usually delisted, these coins are exposed to sharp price fluctuations, which may indicate manipulation of their prices by the coin's team and their intention to scam the community and kill the coin after draining its liquidity and many meme coins have met the same fate, except for a small number of coins that have remained in the light now and whose future is also uncertain. Therefore, we should not put full trust in these projects and try to risk as much as we can afford.

[milewilda]

I spent $50 to buy random shitcoins in the last year, now my money worth $9 and three of the tokens were delisted from the exchanges.

Making money in meme coins is similar like gambling, anything can happen.

Although I didn't earn by investing in meme coins, but I believe other people who earn a lot are nothing more than lucky people. Even they've tell what they did before choose the meme coins, when we follow their tutorial, we still not able to make the same money like them.

Meme coins are not suitable for long-term investment, you could have taken your capital out and left some of your profits if you were confident in the progress of the coin project, or act as a speculator in the short term.

New meme coins that are newly listed on less popular CEX platforms are usually delisted, these coins are exposed to sharp price fluctuations, which may indicate manipulation of their prices by the coin's team and their intention to scam the community and kill the coin after draining its liquidity and many meme coins have met the same fate, except for a small number of coins that have remained in the light now and whose future is also uncertain. Therefore, we should not put full trust in these projects and try to risk as much as we can afford.

Dealing up with meme coins will really be needing up that short term approach on which it will really be that recommended that you shouldnt really be that making yourself that trying out to hold those coins for long term because almost 100% of them dies after that huge pump then wither away and die, and those dev's will really be that making a new meme coin and the cycle continues. If you are really that a fan of meme coin investing then it would really be that too impossible that you wont be able to observe it out. Basing up on my experience after all the years i've been here on this space then it could actually make those huge amount of profits
specially on the time or moment that you do able to get in into the right time or early phase but since these moments or times are really that unclear then it will really be taking up a gamble on making such action.

You could actually be able to make out millions with meme coins but the question is, how you would be able to determine out such token? Also, would you able ot hold your position when you do saw that you are currently making 10x or 100x of your investment? Pretty sure that you will really be trying out to pull those profits on fastest way as possible on which this is really just that normal. Even myself would really be doing the same.

[Hyphen(-)]

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

To earn from memcoins is something of luck and determination couple with huge risk.
You need to take risk by investing early in memcoin at its early stage before it brake through the crypto market with hype. You can only achieve success in memcoins if you take risk to be among the early adopters, and if you are patient enough to hold on to the coins despite the price at the bear market conditions, then you will get huge profit from their investment.

To be among the early adopters, you need to get good knowledge about Bitcoin and cryptocurrency, and you will know how to do deep research so that you can detect any false information about any the project you are about investment.

[BabyBandit]

How do people make millions with memcoins

They are super early and extremely lucky.

[nickpap]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

You mean how they make a million of shitcoins with no actual value and dead projects. I mean if you buy at ICO you can have millions of coins, however, they won't be worth anything.

[shinratensei_]

How do people make millions with memcoins

They are super early and extremely lucky.

yeah they also sniped those memes very early like basically first second the pool is created they bought it and they usually doing the same thing to other 100s of memes and putting money at risk.
which kinda make sense if at some point they make it big and that one profit could outweigh all the money they lose, still there's no guarantee that 1 out of 100 meme released there will be one that gonna give us profit.
it could be 1 out of 1000 or 1 out of 10000 meme that's profitable, we don't know for sure.

that's why even sniping early also depends heavily on luck.

[BabyBandit]

How do people make millions with memcoins

They are super early and extremely lucky.

yeah they also sniped those memes very early like basically first second the pool is created they bought it and they usually doing the same thing to other 100s of memes and putting money at risk.
which kinda make sense if at some point they make it big and that one profit could outweigh all the money they lose, still there's no guarantee that 1 out of 100 meme released there will be one that gonna give us profit.
it could be 1 out of 1000 or 1 out of 10000 meme that's profitable, we don't know for sure.

that's why even sniping early also depends heavily on luck.

Yep, like sitting and updating GeckoTerminals pools list of last released tokens, I used to do this myself quite often before and you can actually make pretty good profit since you buy super early, but whats such a shame is that it's so many rug pulls so you really need to be super careful so you don't go for the wrong buy but still its impossible to not get rug pulled at least a few times, it happen me quite many times but lucky for me I am still in a very good profit from honest projects, but it makes me value my time more.

it could be 1 out of 1000 or 1 out of 10000 meme that's profitable, we don't know for sure.

Yes I would say 1 out of 10.000 at least, need to be so lucky, right time, right project, so many factors need to be in your favor.
Like winning in lotto, specially now when its so damn many rug pulls as I mentioned.  

[CK485]

Meme coins are not suitable for long-term investment, you could have taken your capital out and left some of your profits if you were confident in the progress of the coin project, or act as a speculator in the short term.

New meme coins that are newly listed on less popular CEX platforms are usually delisted, these coins are exposed to sharp price fluctuations, which may indicate manipulation of their prices by the coin's team and their intention to scam the community and kill the coin after draining its liquidity and many meme coins have met the same fate, except for a small number of coins that have remained in the light now and whose future is also uncertain. Therefore, we should not put full trust in these projects and try to risk as much as we can afford.

with the need to see the situation in the market is very necessary, to reduce the impact of the risk of this meme coin that needs to be considered, by seeing short-term investments it can be tempting, what's more, with good coins we will get what we expect, but all those thoughts will disappear with the many coins available, but it is difficult to get what you want.

[justdimin]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

Trying to get lucky and make money with these is not a good move, because its going to not be a profitable thing for anyone, and if you keep doing this then you are going to be missing out making profit from good investments. Memes are not good investments to put your money into, just because you saw a few people do it, you shouldn't do it.

There are way too many people losing millions from these memes and they should be putting that money into top ranked stuff like btc or eth or sol, those are the real ones and it will definitely guarantee you to make a good return without a doubt. Trust the top names, you won't retire tomorrow with them, but long term they will give you a good return for sure.

[JoeCaughman]

Greetings I am an employee of Consensys and we buy currencies at an inflated price so that we can make a profit. If you are tired of waiting and want to sell your coins and make money here and now you can contact me for any questions on selling your currency and I am sure we will not disappoint you.
 It is you who can make money by selling memcoins

[danherbias07]

Not everyone is happy about it. Imagine the legit projects out there in the Altcoin industry that are looking for more investors to help them boost the value of their coins so that they will make some money and complete their projects. They cannot achieve those because many people today are just looking for meme coins and fast way to make profits even though the risk is way too high.
IMO, meme coins are like national lotto games where the jackpot is very rare to claim. It's not like every meme coin that you will invest with will give back your money or make profits, worse, they might even be scams and rug pulls that will just rob your money and you cannot do anything about it.
The divided money in the market because of meme coins is the reason why other reputable projects became stagnant. They cannot pull more people to them not because they are bad at marketing but because the POV today is way different.

[lixer]

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

To earn from memcoins is something of luck and determination couple with huge risk.
You need to take risk by investing early in memcoin at its early stage before it brake through the crypto market with hype. You can only achieve success in memcoins if you take risk to be among the early adopters, and if you are patient enough to hold on to the coins despite the price at the bear market conditions, then you will get huge profit from their investment.

To be among the early adopters, you need to get good knowledge about Bitcoin and cryptocurrency, and you will know how to do deep research so that you can detect any false information about any the project you are about investment.

Yeah I agree, any profit from these meme coins is good but it's still all about losses of money if someone is having the mindset like he can gain good profit from these meme coins and become millionaire usually we are having few things from paid influencers which give their vies and unethical stories which have no strong proof about any investor who take huge profit from these meme coins.

Newbies in greediness invest their funds which they lost quickly and then regret about these things even we have many those leave this community and never comeback due to their loses which hurt them badly, but sadly we have no system which can help them for having any solid updates or news about these shit things which are having huge negativity on this community.

[Wakate]

As per the title of your question I would say that people are able to earn millions from meme coin but it depends entirely on luck. But if you are sure that you will be able to achieve success by investing in these coins then you are wrong because the price of these coins constantly goes up and down a lot. I have heard of some investors who were suddenly able to make a lot of money from DogeCoin.

Luck is the only way op van make millions from memecoins because these projects are u predictable. When you expect them to go bear, that is when they are going to go bull. Investing early in memecoins is luck and anyone of us that have been lucky before on memecoin need to be thank God because getting the information early is a different thing and investing hugely on the memecoin project is another thing. There are people that have been lucky on many memecoins projects that had hit 500% to 5000% making huge profits without any stress. It's just all about believing in the project and if you are lucky, you could earn huge profit from it.

[JeffBrad12]

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

yeah it's the age of capitalizing the hype, if in other field we can also capitalize on the hype, why not in meme coin, not to mention that I think meme coin in essence is just converting hype to an asset.
like basically anything that's hype, you got one meme coin representing them.

the people who make millions usually have keen eyes to capitalize on it, either being the deployer of the meme or buying very early when mcap was still just few thousand dollars.
once the trend actually gaining momentum like how PNUT being shilled by famous people, there'd definitely be huge inflow of cash going in.

[1nazarenkooleg]

Hey guys, just found this interesting meme coin, it’s called REDP (Red Pill Awakening). Feels like it’s got some mysterious vibe to it, kinda like the Matrix or something. 🤔 

It’s got a cool concept behind it – the creator holds 1.41% of the total tokens, but it’s all part of the bigger picture. 

Here’s the contract if you wanna take a look: B2n2pLmSgNYqkCupMZ6nu9dCnv3RijfwFfugfrTTpump

[l99l]

Memecoins are going to interesting places.
Even the former Binance CEO recently drew attention to Meme tokens and said that he was not against them but that they were getting bigger and more interesting.
I saw someone who made $5 million with a $160 investment, I think he made it from the Chillguy meme token.
Meme coins are like that, when you invest money in a project that will spread very quickly, the return you get can be big.

[doomloop]

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

yeah it's the age of capitalizing the hype, if in other field we can also capitalize on the hype, why not in meme coin, not to mention that I think meme coin in essence is just converting hype to an asset.
like basically anything that's hype, you got one meme coin representing them.

the people who make millions usually have keen eyes to capitalize on it, either being the deployer of the meme or buying very early when mcap was still just few thousand dollars.
once the trend actually gaining momentum like how PNUT being shilled by famous people, there'd definitely be huge inflow of cash going in.

They have a keen eye for sure, but they are also taking a huge risk as well, and I am not sure if it's worth taking that much risk in this market. I get that it may feel that way, like you could take a risk and could do well enough, but in most cases we can't really take that risk since it looks like a shitcoin.

So many memes that got hyped and made people richer are just resembling shitcoins, hence I do not believe that it makes any sense to keep doing that, out of 100 memes, one becomes something you can get rich, while the other 99 are just shitcoins that crash and not make you any money.  Taking that risk is useless and people should stay away. I personally do, never invest into any memes and I am not regretting that one bit.

[Kavelj22]

How do people make millions with memcoins

They are super early and extremely lucky.

If we agree that these projects aim to profit from the Internet through trading and investment, it can be claimed that they carry the title of "Lucky Coins" because some of them do not carry any digital solutions for the BlockChain, but were presented with the logic of digital currency trading as a joke originally. It quickly took a serious path through which it gained popularity in a very short time, gained great popularity in a short period of time, and of course billions of dollars poured into it from different people around the world wishing to get rich quickly, and the beginning goes back to the fame of the Dogecoin or FLOKI, some of which were adopted by the billionaire Elon Musk in 2019.

It became popular among those looking for crypto recommendations due to the percentage multipliers that these currencies achieved in a very short period, as the Shiba Inu currency appeared after that, and all people were in a state of astonishment from the resounding rise of this currency, which became even stranger to millions after that when it was listed by RobinHood exchanger, so everyone was surprised after that by the increase in the fever of the currency's rise.

[Huppercase]

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

There are questions we need to ask that we do ignore. You will about a trader that bought $17 worth of meme coin that is later worth $3 millions, now the question I have is what about people that invested thousands and millions and they were been dump on? You can't tell me a market that was rugg of $100m to $4m didn't make people lose money, I guess they all rather keep quiet about the losses and promote the big guy that made the money.

Another unanswered question is how many are even making the millions. Out of every 100 holders that invest in meme coins, 99 of them lose their money unless you are an insider that knows when they are going to sell everything and abandoned the projects. It's so unfortunate that we now deceived each other about meme coins in the name of making money and yet we cry we don't want regulations. If crypto goes mainstream, trust me all this nonsense is going to stop.