Can a meme coin make you rich?

[vs2014]

Most new investors are tempted to buy memecoin with a small amount of money, because they believe that there will be more profit. A friend of mine told me there is a chance to get rich suddenly from meme coin. But i think it's just a fantasy because most memecoins don't last long in the market and most of them are scams. But everything is possible from the crypto market but some memecoins are really the best.

[bhadz]

Most new investors are tempted to buy memecoin with a small amount of money, because they believe that there will be more profit. A friend of mine told me there is a chance to get rich suddenly from meme coin. But i think it's just a fantasy because most memecoins don't last long in the market and most of them are scams. But everything is possible from the crypto market but some memecoins are really the best.

It is truly possible with meme coins to get rich and I have seen some that did it with them. But if I will be the one to think of it if it is possible on me, I don't think so that it will happen. I am more lean to see that happen to me with Bitcoin rather than going on with a meme coin. There's no need to gamble that much with meme coins and I am just going to patiently wait about it through Bitcoin if it's going to skyrocket in the next couple of years.

[salad daging]

Yes, in an instant you can get rich from memes but you will lose a lot of money and the capital will never be returned because if the meme coin has gone down then it is usually a scam or rugpull.

As a comparison, 100/10 will be successful from memes, but not everyone can buy memes in the right way and buy memes with a little capital and then suddenly it increases by 10K%, so that's very rare and very difficult to find memes like this, so most People fantasize too much because they might see the news where someone can turn $100 into $100K, who knows who wins, that's part of the meme maker.

Some of the best meme coins: Doge and Shiba.

[MrSpasybo]

Most new investors are tempted to buy memecoin with a small amount of money, because they believe that there will be more profit. A friend of mine told me there is a chance to get rich suddenly from meme coin. But i think it's just a fantasy because most memecoins don't last long in the market and most of them are scams. But everything is possible from the crypto market but some memecoins are really the best.

Memecoin fairy tales were written and became famous in 2021 with DOGE or SHIB: How a $4.3K Investment in Dogecoin Made this Crypto Trader a Millionaire, Could Wall Street Memes Explode Next?,  Shiba Inu: 2 Investors Turn Millionaires in 8 Months After Buying SHIB.

I'm really happy for those lucky people, and they are also really optimistic when investing large amounts of money, thousands of dollars, into meme coins as DOGE and SHIB.

I don't believe that I could be so lucky to choose a few valuable memecoins among the thousands of memecoins available on the market. I only believe in the cyclicality of the crypto market, in the growth potential of BTC and top altcoins, so I choose BTC and top altcoins. I will be satisfied with a profit of about 1000% instead of a 1000x increase in the next bullrun.

[Peter90]

Yes, in an instant you can get rich from memes but you will lose a lot of money and the capital will never be returned

Thanks for pointing to the losing side!

Can a meme coin make you rich? Yes
Can a meme coin make you poor? Yes

It's a market. My gain is your loss.
We can find stories of people who made big with meme coins - thanks Spasybo - but we can hardly find stories of people who lost big.
I wonder why.

For those who play with meme coins, please come over to Saving... Investing... Speculating... Gambling and cast your vote on Speculating or Gambling   

[I-Bit]

Most new investors are tempted to buy memecoin with a small amount of money, because they believe that there will be more profit. A friend of mine told me there is a chance to get rich suddenly from meme coin. But i think it's just a fantasy because most memecoins don't last long in the market and most of them are scams.

I guess your friend get the idea to be rich from meme coin armies. They spread the story that people will easily be rich by investing in meme coins. Although there are some people who can be rich but more people lost money in meme coins. It is very tricky to get profits from meme coins because it only relies on the hype. I assume only experienced people who get profits from meme coins, meanwhile average people only waste their money on meme coins.

But everything is possible from the crypto market but some memecoins are really the best.

Not everything is possible. Meme coins will never be trusted coins. I think there are 2 best meme coins only, Doge and SHIB. If you expect you can be rich through new meme coins, it seems very difficult to happen because most of them last a very short time in crypto market. If you missed to take profits on its peak (during its hype), you won't have another chance to take profits.

[gunhell16]

Most new investors are tempted to buy memecoin with a small amount of money, because they believe that there will be more profit. A friend of mine told me there is a chance to get rich suddenly from meme coin. But i think it's just a fantasy because most memecoins don't last long in the market and most of them are scams. But everything is possible from the crypto market but some memecoins are really the best.

I also believe that you can get really rich when you get a meme coin that suddenly increases more than the small amount that you bought; the profit can be thousands or millions. And you may know that, like what happened with Dogecoin, Shiba Inu, Pepe Coin, Bonk, and other meme coins,

As long as you know how to choose meme coins that you think have the potential to keep up with the top altcoins and the market apart from bitcoin, of course, which takes off when it has a bull run.

[TomPluz]

Most new investors are tempted to buy memecoin with a small amount of money, because they believe that there will be more profit. A friend of mine told me there is a chance to get rich suddenly from meme coin. But i think it's just a fantasy because most memecoins don't last long in the market and most of them are scams. But everything is possible from the crypto market but some memecoins are really the best.

In my own humble opinion, investing with memecoins most especially the new ones promising us to get riches beyond imagination can be a very risky proposition...in fact this has become a form of gambling for many. I am sure there are some people who got wealthy all because they bought memecoins that later on got so popular and therefore became valuable in the crypto market...but we have to understand that most of the new projects on this area will not last and will just die a not-so-good death months after introduction and after the team behind them are able to gather the money they aimed for. Of course, since it is not money being invested - or wasted- it is not for me to decide what to do...at least we should be aware of the risk so our decisions and actions can be moderated.

[bitbit97]

Cryptocurrency truth: meme-coins can make anyone rich, but not everyone is able to buy that meme-coin on time. I suggest everyone who wants to become rich from cryptocurrency with doing nothing to stop dream and get a job. The maximum you can get from meme-coins is being lucky to earn several months salary. That is far from being rich. Finding gold looks easier than buying proper meme-coin. All the successful and huge money bringing meme-coins arent projects of luck, they are well planned projects with large promotional teams behind.

[philipma1957]

In 2021 I made a lot of money on doge and I sold it early. making over 50k

if I was more slow to sell I would have made over 200k

[bitmover]

In 2021 I made a lot of money on doge and I sold it early. making over 50k

if I was more slow to sell I would have made over 200k

It is very hard to hit the spot like that. Selling closer to ATH is very hard, and usually coins go down a lot after ATH.

I usually sell in batches during a bull run.
I missed doge... never made money with memecoins but I know lots of people did.
I don't know if it will happen again, but I would love to hold some good shitcoin again some time

[debra]

In 2021 I made a lot of money on doge and I sold it early. making over 50k
if I was more slow to sell I would have made over 200k

You are lucky that you still could get profits over 50k. Instead of getting profits, many people who lost their money in Doge because they followed the hype without a deep analysis. You must know well how to analyze the right time for exit, there are many beginners who don't know anything about exit time (take profits). I think you need to share the tips for meme coin investment.   

[vegasus]

Honestly, many people have become rich because of meme coins, yes that is probably quite true.

But do you know how many people have become poor because of meme coins?

In essence, this will really depend on our own mindset. because meme coins can make us suddenly rich or even poor. In this case, this means influencing the efforts we are making to carry out trading emmecoins. Most meme coins will implement a Hype process. and this is where it will end. When we buy it during pre-sale and the meme coins are able to achieve hype, then it will be more profitable for us because it looks like we have a unique opportunity to get a lot of profit.

But on the other hand, if we are too late to take profits, then what will happen is that this will end. because it's very rare for meme coins to be able to repeat their history to a much higher level. Therefore, emme coins are a very risky investment

[JoyMarsha]

Memecoin investments have the potential to either make you wealthy or cause you to lose money, as I have discovered. It's a 50/50 type of investment, meaning anything might happen to it in the blink of an eye. And if you're smart and wise, you will take your profits out early. Because as soon as the dumps start, they fall through faster and harder dumps than you could have imagined.

[Z-tight]

You can make money from meme coins and you can also lose money from it, you simply need to know when to buy and sell. Shitcoins will always be shitcoins, and too many of them do not have any utility; so you have to buy what you can afford to lose, and ensure you don't buy when others are dumping it on the newcomers.