Meme Coin Madness: Trader Turned $96 Into Over $3 Million in 1 Year

[Coincollector]

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

You are being generous with dozens/hundreds.

But, don't you think memecoins are worth it to gamble on if one has money to spare? Imagine purchasing $100*$100 memecoins, and if luck strikes even on one of these, you'll make a bank.

Memecoin is a risky game but rewarding ahah. Anyways good luck to the fittest

[Mr. Magkaisa]

      -       So no wonder why many people are obsessed with investing in meme coins here in the crypto space because of this kind of news. That's why those who often fall prey to exploitative meme coin creators or devs are those who don't know about it.

Because they think of meme coins like a lottery, that if you win it's really a jackpot that they can get that can change their life,
that's how they think and mindset in their thoughts.

[Gurujebs]

Also Shiba Inu (SHIB) is another story, as a trader invested $2,500 in buying 50 billion coins in 2021, to make huge profits worth millions, I also remember that there was a story about a PEPE millionaire.

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

I still remember how Shiba Inu turn life's around for many people in the last season, that was when meme coins where all over the places and what I like about the early meme coins is that many people made alot of profits from it but the ones we are seeing right now, it's just enriching the people that organize the project, from the number of holders you can tell already that only few benefited.

No matter sweet things I hear about meme coins and how it has turn life around, I don't look at it even twice because I know I will be used as big lesson. Making money from meme coins is like gambling one of the hardest games in casino which most of the time, for every $1 you make, you are going to lose $10 to them.

[yhiaali3]

No matter sweet things I hear about meme coins and how it has turn life around, I don't look at it even twice because I know I will be used as big lesson. Making money from meme coins is like gambling one of the hardest games in casino which most of the time, for every $1 you make, you are going to lose $10 to them.

Yes I totally agree, this is a big gamble out of the thousands who bought meme coins there are only a few who made big profits, the rest either didn't make anything or lost.

Unfortunately people only remember those who got rich from meme coins but they don't remember the hundreds or maybe thousands who went bankrupt because of them.