How do people make millions with memcoins

[goldkingcoiner]

The only people making millions with memecoins are the people who make them and then sell them to idiots. Same goes for NFT's.

Chasing a get rich-quick-scheme will always end in failure and shame. Be smart and don't stray off the Bitcoin path. You might not get rich overnight, but you won't spend every minute watching the screen, waiting for an oncoming rug pull.

[jaberwock]

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

The risk they are taking is big, and that is why they are doing that, which is fine if you ask me because the bigger risk people take, the bigger reward they deserve, considering most of the people who invest into memes end up losing money, it only makes sense if a few made a lot.

There aren't a lot of people who make a lot of money from these, it is not that easy to make that much money from them but as long as you could make that work, it shouldn't really be a problem at all. We are going to end up with a lot of trouble if we are not careful, and because of that I believe we need to just consider these memecoins as something that will make you lose all your money if you are not careful, always be careful with them.

[Gozie51]

Memes live and die like hot cakes - that's their gist and nothing more goes from it.
It's almost never worth it  

They are lucky deep. You gamble on them to expect riches and sometimes they disappear in your face before majority. However, the best times to risk with memecoins is during the bull season like we are seeing it now. Dogecoin is creating alot of hype in the market while investors keep expecting more vibes by next year with Elon musk.

The only people making millions with memecoins are the people who make them and then sell them to idiots. Same goes for NFT's.

Chasing a get rich-quick-scheme will always end in failure and shame. Be smart and don't stray off the Bitcoin path. You might not get rich overnight, but you won't spend every minute watching the screen, waiting for an oncoming rug pull.

You could be right. Sell off while the ovation is still loud but not loudest because waiting for the loudest part may see your memecoins crashed to bearest lower than buying price.

However, dogecoin has got some vibes with ATH around $0.70

[justdimin]

Memes live and die like hot cakes - that's their gist and nothing more goes from it.
It's almost never worth it  

They are lucky deep. You gamble on them to expect riches and sometimes they disappear in your face before majority. However, the best times to risk with memecoins is during the bull season like we are seeing it now. Dogecoin is creating alot of hype in the market while investors keep expecting more vibes by next year with Elon musk.

Gambling on investment makes no sense to me at al. I understand gambling to see something changing, like you actually open up a casino website and deposit your money to that casino and gamble, that makes sense because there when you are gambling you have a chance of hitting correct.

But with situations that we have right now, I do not think that it makes sense to see something like this as good, it is not really looking like we are dealing with a good return at all, memecoins are 99% shitcoins, only one of them is decent which is dogecoin but the rest are all shitcoins. I agree dogecoin could have some good future, it looks like Elon will keep it pumped with his memeing all the time, but that's the only one I would trust, nothing else.

[crwth]

If you imagine making a coin and then having a low market capitalization, once money comes in, that will raise the market cap and then increase the price as well, so that’s how people make money from it. If people make the right decision to buy a certain coin and they manage to get the one that will skyrocket, then that’s also a way to make money from it.

There are many coins out there, and that’s probably one reason why Solana is also taking up a significant chunk of the crypto market.

[bangjoe]

getting millions of dollars from memecoin other than being a developer or memecoin investor/trader is like a matter of luck, because of the many memes that are made it is very difficult, like looking for a finger in a haystack, but when you are lucky you will get extraordinary profits, for example using only $ 40 can reach hundreds of thousands of dollars, that is a right that may be rare in the meme market, but it must be understood that big profits are also directly proportional to the risk, if you don't get money then you lose it, that's how to bet on memcoin, likewise if you become a developer.

[Pandu Geddon]

getting millions of dollars from memecoin other than being a developer or memecoin investor/trader is like a matter of luck, because of the many memes that are made it is very difficult, like looking for a finger in a haystack, but when you are lucky you will get extraordinary profits, for example using only $ 40 can reach hundreds of thousands of dollars, that is a right that may be rare in the meme market, but it must be understood that big profits are also directly proportional to the risk, if you don't get money then you lose it, that's how to bet on memcoin, likewise if you become a developer.

Yes, the difficulty lies in finding meme coins that will give us profit. Therefore maybe some people who try their luck with meme coins will buy 1-5 memecoins or maybe more and only a small part makes a profit.
Some people share their success when buying memecoin on social media. And that is what inspires many beginners to follow buying memecoin rather than building their investment properly first. Because of the desire to get big profits in a short time. Still, there is a risk that must be paid.

[Odohu]

I think the time people make millions from memcoins is gone, now memcoins die from the moment of listing in exchange and never rise again. This could be attributed to people getting wiser to understand that memcoins are not actually built on anything other than hypes and fantasies. So people hurry to sell as quickly as possible and that is how the prices are dumped and the coin become worthless. Check all the recently listed memcoins, even those listed on top tier exchanges, all still died miserably even after spending money on shilling services and conducting airdrops. Anyone still believing that new memcoins will make them rich should rather wake up and face reality.

[Alone055]

The only people making millions with memecoins are the people who make them and then sell them to idiots. Same goes for NFT's.

Chasing a get rich-quick-scheme will always end in failure and shame. Be smart and don't stray off the Bitcoin path. You might not get rich overnight, but you won't spend every minute watching the screen, waiting for an oncoming rug pull.

Their creators and those who get in early can possibly be themselves again, but even if they are not doing that to promote their token, some pump-and-dump groups would be doing it carelessly, without realizing that people out there would take their advice and lose their money in such useless investments.

Social media platforms these days are full of shills promoting such chat groups or people who are always waiting for newbies to reach out so that they can scam them out of their money and then live their lives in luxury. It's shameful how some people have no moral values or ethics and they make others suffer only to get a few hundred dollars in profit.

Whenever someone asks me if they should join Telegram chats or even follow someone's advice about trading I suggest them to stay away from such things because I know the intentions of people operating such chats or accounts.

[Issa56]

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

Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.

[X-ray]

The only people making millions with memecoins are the people who make them and then sell them to idiots. Same goes for NFT's.

Chasing a get rich-quick-scheme will always end in failure and shame. Be smart and don't stray off the Bitcoin path. You might not get rich overnight, but you won't spend every minute watching the screen, waiting for an oncoming rug pull.

there's even stat about this in twitter, I already forgot the source but in a nutshell the ruggers are the one coming out of the market with tons of money meanwhile ordinary retailer are usually negative in their overall gain.
but ridiculously enough, people just keep coming back at pumpdot fun I don't know why but lets be frank at this point retailer are just giving free money to ruggers and ruggers are just running around without consequences at all.
it's the real thing that's happening with meme trenches. it's always either ruggers or insiders that make the most.

[bangjoe]

getting millions of dollars from memecoin other than being a developer or memecoin investor/trader is like a matter of luck, because of the many memes that are made it is very difficult, like looking for a finger in a haystack, but when you are lucky you will get extraordinary profits, for example using only $ 40 can reach hundreds of thousands of dollars, that is a right that may be rare in the meme market, but it must be understood that big profits are also directly proportional to the risk, if you don't get money then you lose it, that's how to bet on memcoin, likewise if you become a developer.

Yes, the difficulty lies in finding meme coins that will give us profit. Therefore maybe some people who try their luck with meme coins will buy 1-5 memecoins or maybe more and only a small part makes a profit.
Some people share their success when buying memecoin on social media. And that is what inspires many beginners to follow buying memecoin rather than building their investment properly first. Because of the desire to get big profits in a short time. Still, there is a risk that must be paid.

I also often witness in my local community, some people buy to penetrate at Dex with a number of 1-30 girish that they buy, and of course such a strategy is the best they can do by sharing the purchases of everything with the same amount, I also often hear They are that when profitable they will get a big profit and when they lose everything, like from 30 coin memes that are bought, there is only 1 that can push the portfolio.

[Pandu Geddon]

getting millions of dollars from memecoin other than being a developer or memecoin investor/trader is like a matter of luck, because of the many memes that are made it is very difficult, like looking for a finger in a haystack, but when you are lucky you will get extraordinary profits, for example using only $ 40 can reach hundreds of thousands of dollars, that is a right that may be rare in the meme market, but it must be understood that big profits are also directly proportional to the risk, if you don't get money then you lose it, that's how to bet on memcoin, likewise if you become a developer.

Yes, the difficulty lies in finding meme coins that will give us profit. Therefore maybe some people who try their luck with meme coins will buy 1-5 memecoins or maybe more and only a small part makes a profit.
Some people share their success when buying memecoin on social media. And that is what inspires many beginners to follow buying memecoin rather than building their investment properly first. Because of the desire to get big profits in a short time. Still, there is a risk that must be paid.

I also often witness in my local community, some people buy to penetrate at Dex with a number of 1-30 girish that they buy, and of course such a strategy is the best they can do by sharing the purchases of everything with the same amount, I also often hear They are that when profitable they will get a big profit and when they lose everything, like from 30 coin memes that are bought, there is only 1 that can push the portfolio.

That's the problem, they take the risk by dividing their small investment into several meme coins. The hope is that 1 or 2 will bring in profits that cover the losses from other meme coins or even generate more profits. But with so many meme coins today, I think it's quite difficult to get the right one. Especially with such fast movement, seeing a very fast pump with a high increase, but not lasting for a long time. The challenge for these meme coin investors, of course, will often miss the time to sell.

[bettercrypto]

That's what I don't know yet and I'm just finding out right now, because I think it's not enough to just invest a large amount in a meme coin
because if you choose the wrong meme coin, it will definitely be wasted on the fund you use, right?

Some people hang out on the sol network, which is where the dex platforms have meme coins on the solana blockchain network. And others on pump.fun are looking for a jackpot.
That's all I know.

[Rampagoe004]

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

Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.

Yes, of course, as you said, memecoins cannot guarantee profits because they require support from influencers so that their tokens are in great demand instead of many enthusiasts and there is hype. I am not forbidding investing in memecoins but still prioritize deeper research before you invest, this year many meme coins that are being targeted by investors all appear immediately hyped and continue to grow. Meme coins are tokens that do not have a bright future and also have a high risk. Please be more careful with your money before investing.

[bangjoe]

Yes, the difficulty lies in finding meme coins that will give us profit. Therefore maybe some people who try their luck with meme coins will buy 1-5 memecoins or maybe more and only a small part makes a profit.
Some people share their success when buying memecoin on social media. And that is what inspires many beginners to follow buying memecoin rather than building their investment properly first. Because of the desire to get big profits in a short time. Still, there is a risk that must be paid.

I also often witness in my local community, some people buy to penetrate at Dex with a number of 1-30 girish that they buy, and of course such a strategy is the best they can do by sharing the purchases of everything with the same amount, I also often hear They are that when profitable they will get a big profit and when they lose everything, like from 30 coin memes that are bought, there is only 1 that can push the portfolio.

That's the problem, they take the risk by dividing their small investment into several meme coins. The hope is that 1 or 2 will bring in profits that cover the losses from other meme coins or even generate more profits. But with so many meme coins today, I think it's quite difficult to get the right one. Especially with such fast movement, seeing a very fast pump with a high increase, but not lasting for a long time. The challenge for these meme coin investors, of course, will often miss the time to sell.

Regarding sales, the obstacles are passed when the transaction buys and sells to gather, sometimes bounce, does not enter the queue so that sales do not occur even though we have gained profit and targeting the selling price, I have experienced this in trading memes, but you can solve this problem By using bots, it is far more effective and efficient to trade in girishing so that your transactions run well.
But what is very important to consider is that you have to set your bot as well as possible, don't let an error occurs in managing it, not a few of my friends lose their balance because they do not set well the bots used.

[ultrloa]

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

Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.

Yes, of course, as you said, memecoins cannot guarantee profits because they require support from influencers so that their tokens are in great demand instead of many enthusiasts and there is hype. I am not forbidding investing in memecoins but still prioritize deeper research before you invest, this year many meme coins that are being targeted by investors all appear immediately hyped and continue to grow. Meme coins are tokens that do not have a bright future and also have a high risk. Please be more careful with your money before investing.

This is more ideal actions to do since by researching the background of meme coins we could find out if they could at least last for many months. We can't deny that there are launched and dump meme coins out there that's why we need to be careful on those schemes since for sure we are in losing side if we pick up the bad projects. But I'm not thinking about getting millions from meme coins since what presented profit when they launch there project or there's a mini bullish run is enough for me. I immediately sell once I'm in profit since I don't have any huge trust on meme coins since so far it gives me impression that all of this tokens are scam.

[SOKO-DEKE]

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

Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.

Yes, the fact that memecoins are mostly created to scam people cannot be denied. Many memecoins that were created just a few months back are nowhere to be found. When some of these memecoins were launched, they seemed promising, but where are those projects now? They have become dead projects.

I am not a fan of memecoins, and I don't think I ever will be because they are an easy way for some to lose money in the crypto industry. The truth about these memecoin scams is that even some influencers create their own memecoins and still advise people to buy them. However, within a few days, after pumping the project to attract more investors, they withdraw funds and dump the project.for this reason, I will not encourage anyone to invest in memecoins. However, if someone insists, my one piece of advice again is to invest only a very small amount of money that if will not make them think of the money when they lose it.

[fikrett]

That's what I don't know yet and I'm just finding out right now, because I think it's not enough to just invest a large amount in a meme coin
because if you choose the wrong meme coin, it will definitely be wasted on the fund you use, right?

Some people hang out on the sol network, which is where the dex platforms have meme coins on the solana blockchain network. And others on pump.fun are looking for a jackpot.
That's all I know.

Diversify and conquer - most of the memes you would buy would become rubbish in a week or so.
Always weigh your risks while going into the degen trenches.
SOl is the best due to the bots it has to do the trading of memes as conveniently as possible.

[john_egbert]

The only people making millions with memecoins are the people who make them and then sell them to idiots. Same goes for NFT's.

Chasing a get rich-quick-scheme will always end in failure and shame. Be smart and don't stray off the Bitcoin path. You might not get rich overnight, but you won't spend every minute watching the screen, waiting for an oncoming rug pull.

I agree that it would be wiser to go into BTC, however - trying the meme path out is too a hell of a journey.
Only with the money you are willing to spend, that is.
Only a small percent of people get something out of them, I totally agree with this.