Can a meme coin make you rich?

[Vx1]

Meme coins have only reached the highest price peak once. After that it will be difficult for meme coins to get their highest price again.
And I agree, if there is a meme coin that has reached ATH, we should be careful if we want to enter and invest in it.  And it's better if we look for new meme coins, of course those that have good potential.

I suggest don't invest in memecoins if you don't afford the lost. Because meme coins are very risky. As you said, if memecoin reached ATH, don't buy it. You will trapped in high price, because meme coin will stuck. Meme coins need hype and FOMO. it's the fact.
Better to buy other coins ,such as Solana, BNB, Polkadot etc

Yes, that's right, I also agree, if we want to invest safely, we can choose top ranked coins as mentioned above.
But if we want to speculate and dare to take risks, maybe choosing this meme coin can be said to have extreme risks. But if we are lucky, we can get bigger profits.

[yohananaomi]

Meme coins have only reached the highest price peak once. After that it will be difficult for meme coins to get their highest price again.
And I agree, if there is a meme coin that has reached ATH, we should be careful if we want to enter and invest in it.  And it's better if we look for new meme coins, of course those that have good potential.

I suggest don't invest in memecoins if you don't afford the lost. Because meme coins are very risky. As you said, if memecoin reached ATH, don't buy it. You will trapped in high price, because meme coin will stuck. Meme coins need hype and FOMO. it's the fact.
Better to buy other coins ,such as Solana, BNB, Polkadot etc

Yes, that's right, I also agree, if we want to invest safely, we can choose top ranked coins as mentioned above.
But if we want to speculate and dare to take risks, maybe choosing this meme coin can be said to have extreme risks. But if we are lucky, we can get bigger profits.

Why is it that, until now, there are still many people who want to speculate about continuing to buy meme coins? Maybe this is because of the news that people still like to hear, that it can provide huge profits, and that the price is also easy to reach. I agree that even though there are still many potential alternative coins that can be used as choices, those who are still interested in meme coins will continue to buy them because they hope that they will be able to get big profits.

[bhadz]

For a real early investor of those memecoins and not just hype buyers, it is possible. I should even have became a millionaire with doge but missed holding it as I've sold too early on it and that's fine. Those that have invested on it and held and forgotten it was like a blessing to them and then when they've sold, they're already priced high and was able to become rich on it. But this time, if you're quite late to the party, you'll get stuck so choose wisely, go slow with Bitcoin.

[debra]

Yes, that's right, I also agree, if we want to invest safely, we can choose top ranked coins as mentioned above.
But if we want to speculate and dare to take risks, maybe choosing this meme coin can be said to have extreme risks. But if we are lucky, we can get bigger profits.

Top rank coins are recommended but it doesn't include meme coins. We have Dogecoins and Shiba Inu among the top rank coins. I think they are still meme coins with no clear future although they are a part of top coins. I think we don't think to risk our money on meme coins if we have no good knowledge and experience. It is very difficult to understand how the development of the meme coins project. Mostly, they rely on the hype only.

[kent47400]

Meme coins can generate wealth if the Meme coin is created with multi-functions and has a very strong community.
Just look at the good Meme coins that are DOGE and Shiba because I see that this DOGE coin has many advantages, as well as the SHIBA coin.

DOGE has full support from investors, traders and gamblers on various gambling websites because as far as I know, almost all gambling companies accept DOGE coin deposits.
SHIBA has very good advantages because I see that this SHIBA coin has Shiba Name Service, Shibe token, Bone Token, Leash Token, Shibaswap, etc.

But maybe now it's too late to get rich because these two coins are already quite expensive on the market, except for those who have bought them in advance since they were first created and the prices are still cheap.

[0t3p0t]

But maybe now it's too late to get rich because these two coins are already quite expensive on the market, except for those who have bought them in advance since they were first created and the prices are still cheap.

Choosing the right memecoin to invest might give us the chance to get rich but we should also analyse whether it is the best time to buy these shitcoins since we all know they are prone to pump and dump. Yeah buying them as early as possible especially in bear market will surely give us the possibility to get a pretty decent profit.

[bounceback]

Choosing the right memecoin to invest might give us the chance to get rich but we should also analyse whether it is the best time to buy these shitcoins since we all know they are prone to pump and dump. Yeah buying them as early as possible especially in bear market will surely give us the possibility to get a pretty decent profit.

Unfortunately not easy to choose right meme coins for investing because too early invest have to face large risk will the developer listed their coins on top CEX exchange market?
But in other side difficult to earn much profitable with meme coins already listed on CEX exchange because very difficult break out to the higher, except have been careful when investing in meme coins another side we make speculation when investing in meme coins between get rich in short term or will losses all our capital. I know meme coins have been success helped many people get rich in short term but in other ways many people losses their money after investing in meme coins.

[kent47400]

But maybe now it's too late to get rich because these two coins are already quite expensive on the market, except for those who have bought them in advance since they were first created and the prices are still cheap.

but we should also analyse whether it is the best time to buy these shitcoins since we all know they are prone to pump and dump.

The problem of analyzing and guessing the price at the beginning is what makes us confused about buying Meme coins so we can make a lot of money.
I, you, they certainly can't analyze things like guessing that cheap coins are then bought and a few days later pumped to the Moon.

Have you analyzed the DOGE coin when the price was 16 Satoshi and you bought a lot of it instantly??
Then you sell the DOGE coin price when it reaches 600 Satoshi?
I'm guessing you're not in that position because you need super luck if you do.

[bitbit97]

"Choose right coin and moment to invest", "do proper research", "analyze projects" - didnt it makes you smile when we talk about meme coins? Even winning in lottery is simpler than buying proper meme coin. No one can guess that moment when it is time to buy, because in a hour, day or week it will do x100. When meme coins becomes tradable, it is already to late to buy, because team, influencers, whales have already decided when to pump, when to dump to hamsters.

Btw what is rich? Being happy to get $10k easily from a meme-coin isnt rich. $100k and $1kk isnt being rich either. House, car and an option not to work for 10 years isnt being rich.

[Gyrgen]

As usual, everything is theoretically possible and I’m sure there will be stories of how someone got rich from this.But in practice, this is usually not the case. You need to be very lucky to choose the right meme coin from thousands.It might be better to buy a lottery ticket and have a better chance of getting lucky.

[kulkhan]

Yes i strongly believe it. Last bull session we saw huge people changed his life by invest on meme coin. Thats time for meme coin t think. Mainly doge coin and Shiba inu coin was best from all meme coin. And this two coins price increased dramatically. And we saw huge people take profit 30x-40x even more. And they become rich.

So i strongly believe anytime it could be happen again. And not only me anyone could be rich by meme coin.

[legend45]

Choosing the right memecoin to invest might give us the chance to get rich but we should also analyse whether it is the best time to buy these shitcoins since we all know they are prone to pump and dump. Yeah buying them as early as possible especially in bear market will surely give us the possibility to get a pretty decent profit.

You're right, we all know they are prone to pump and dump. Memecoins are very risky. I personally doubt and have a fear while buy memecoins. Because I have lost a lot at the past.
For now, I just buy top coins and bitcoin is the biggest amount which I have.

[bitbit97]

Yes i strongly believe it. Last bull session we saw huge people changed his life by invest on meme coin. Thats time for meme coin t think. Mainly doge coin and Shiba inu coin was best from all meme coin. And this two coins price increased dramatically. And we saw huge people take profit 30x-40x even more. And they become rich.

So i strongly believe anytime it could be happen again. And not only me anyone could be rich by meme coin.

If last bull season is the price grow in 2022 you are talking about, then what you are saying is a lie. Dogecoin price went from 10 cents to 15 cents only that is only +50%. Shiba Inu went from $0.0000007 to $0.0000081. That is better, but still far from 30x-40x. That is maximum 11x. Even though it is still a lot, what you wrote isnt true. Next time check what you write.

In addition, do you really believe people are ready to invest such huge amounts into meme coins? Lets say "rich" is a million. Do you believe that someone has invested $25k in a random meme coin, it luckily happened to be Shiba Inu or dogecoin, and he held it till ATH ? Sound like a fairy tale to me.

[0t3p0t]

Choosing the right memecoin to invest might give us the chance to get rich but we should also analyse whether it is the best time to buy these shitcoins since we all know they are prone to pump and dump. Yeah buying them as early as possible especially in bear market will surely give us the possibility to get a pretty decent profit.

You're right, we all know they are prone to pump and dump. Memecoins are very risky. I personally doubt and have a fear while buy memecoins. Because I have lost a lot at the past.
For now, I just buy top coins and bitcoin is the biggest amount which I have.

Yeah investing on these type of coins is super risky and can sometimes be a suicide move most especially if you've poured huge amount of money on it in the hope for huge profit. But since they are cheap we can try investing in most popular memecoins to date so we may have the higher chance to make profit in the future but of course just choose those that has use case.

[LUCKMCFLY]

Choosing the right memecoin to invest might give us the chance to get rich but we should also analyse whether it is the best time to buy these shitcoins since we all know they are prone to pump and dump. Yeah buying them as early as possible especially in bear market will surely give us the possibility to get a pretty decent profit.

You're right, we all know they are prone to pump and dump. Memecoins are very risky. I personally doubt and have a fear while buy memecoins. Because I have lost a lot at the past.
For now, I just buy top coins and bitcoin is the biggest amount which I have.

Yeah investing on these type of coins is super risky and can sometimes be a suicide move most especially if you've poured huge amount of money on it in the hope for huge profit. But since they are cheap we can try investing in most popular memecoins to date so we may have the higher chance to make profit in the future but of course just choose those that has use case.

I used to think that when Doge was in front of Elon Musk, what most people had to do was buy and wait for about 6 months because there the price Would go up , so in this Order of ideas it was the strategy used by many to be able to make money That's it, now, I'm not one to use these coins to make money, because for me it doesn't make sense to do them like this to be able to make profits thanks to these coins, I have always thought that the things that have to be To get closer in order to have a Better vision of things is that you have to do more , for Example I do not trust those coins , now that Elon is here, because I believe that the only way to do things well is to buy a lot of Doge, and expect Elon Musk to give it a good push upwards, but that's Pump style, it's very difficult for them to pass.

These meme jokes are risky like everything else, but everyone is Rsponsible for doing what best suits them to achieve their Goals.