Can a meme coin make you rich?

[Hamza2424]

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 depends, meme coins are already established with some hype waves, and can really not help you to gain decent profits in terms of X even though they might disappoint you by under-performing other narratives as well, I would say some of the early memes can help but similarly liquidity issues, and potential risk of getting community support or not matters.

Mostly meme coin projects fail because the hype required to pump a meme coin requires great attention from the community, even some established meme coins in the top 100 got failed and lost their face with time. In every asset the entry point decides the potential gains but in the case of the meme coins it holds more importance.

[pacar_tiri]

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 depends, meme coins are already established with some hype waves, and can really not help you to gain decent profits in terms of X even though they might disappoint you by under-performing other narratives as well, I would say some of the early memes can help but similarly liquidity issues, and potential risk of getting community support or not matters.

Mostly meme coin projects fail because the hype required to pump a meme coin requires great attention from the community, even some established meme coins in the top 100 got failed and lost their face with time. In every asset the entry point decides the potential gains but in the case of the meme coins it holds more importance.

Meme coins do not have products that are useful for people, so it is natural that many meme coin projects fail. At least they must have useful products so that they can increase demand on exchanges and provide a reasonable selling value. Meme coins are usually only used to trap amateur traders who are not careful.

[dekafee79]

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 see you already have knowledge about meme coins .
It's risky and didn't have projects or product useful.
It's just meme, why we put our fund there..It seems funny.
I'm not meme coins holder and maybe never..
Better to buy bitcoin or Ethereum for investment than meme coins.

[bayu7adi]

Yes, but in the stupidest way ever. It's almost the same as gambling, but because it's not in a casino, everyone still calls it investing. Luck will be a big factor in how much profit you will get or perhaps lose from all the assets you own.

Usually meme coins have very small transaction volumes and serve no other purpose than increasing the price. This coin has the power of the community with their boasts. There is no technology or business model to represent meme coins.

[LogitechMouse]

Re: Can a meme coin make you rich?

Yes, definitely.
On the other hand, also take note that the easier you can get rich with meme coins, the easier you can get poor with it as well.

Investing in meme coins can be life-changing for an investor, and when I mean life-changing, I mean in a positive way, or in a negative way because the reality is, that investing in meme coins is very risky. It's not as risky as investing in new projects, but investing in a coin that has no future is considered gambling (at least for me). I've seen articles online saying that some investors changed their lives positively just by investing in meme coins. Of course, they will not publish those who changed their lives negatively, but many experienced it.

Overall, meme coins can make you rich like any other assets out there, but it's very risky, that I myself can't take it thus, I'm always avoiding it.

[summonerrk]

Memes are a funny phenomenon in cryptocurrencies. Nevertheless, I do not consider it serious and have never invested in memcoins, and I will not do so, even if memcoins have shown that they are in cryptocurrency forever. It has its own audience that comes to the crypt just to gamble, buying memcoins. But such people will rect, and eventually they will understand that it is necessary to study coins that carry meaning and promote the technologies of the crypto world. And they are not a purely speculative tool that explodes from a single tweet of an influencer.

[IvugeoEvolutionCoin]

Memes are a funny phenomenon in cryptocurrencies. Nevertheless, I do not consider it serious and have never invested in memcoins, and I will not do so, even if memcoins have shown that they are in cryptocurrency forever. It has its own audience that comes to the crypt just to gamble, buying memcoins. But such people will rect, and eventually they will understand that it is necessary to study coins that carry meaning and promote the technologies of the crypto world. And they are not a purely speculative tool that explodes from a single tweet of an influencer.

The circulation of memecoin is like fomo or hype and is only temporary because altcoins like them do not have a clear product, so the price circulation is also too good because the price is often played by whales who have a lot of capital. It is better to avoid memecoin so as not to lose money when the price collapses.

[doc]

Hard to say meme coin will make us rich.
 Honestly, I  didn't have knowledge and experience to predict meme coins.
It seems difficult.
No fundamental, No project.
Just hype and FOMO.
But I confused, at the past many friends gain big profit from meme coins.
It's possible that I didn't have skill and sharpness in predicting.  Or I really don't have any luck with meme coins.

[sampoerna]

Even though many people may say that we can get rich from meme coins, we need to remember one thing: meme coins cannot guarantee that we will become rich, no matter what. If someone makes promises that high, then be careful. Meme coins are like other coins that need to be improved and developed all the time. However, currently, there are many meme coins that only develop for a moment until they become hype, but then end very quickly and cause huge losses. So, if you think about it, meme coins can not only make someone rich quickly, but also make some people suddenly poor.

[legend45]

~ snip
So, if you think about it, meme coins can not only make someone rich quickly, but also make some people suddenly poor.

Yeah, meme coins can't make us rich quickly.
Meme coins are just  hype , it's the same like doge coin.
Dogecoin has promoted by Elon musk,  that make more popular and more expensive.
Doge didn't have good project.
Be careful to invest in meme coins.
Meme coin will make us suddenly poor, As you said.
I agree with you.

[Mr. Magkaisa]

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.

           -   You know, in truth, it is that you can become rich when you invest in them if you can time it, like Shib, Pepe Coin, which had a lot of hype before and was supported by big investors, which made it one of the top-listed coins in the market.

But we should also remember that the risk of meme coins is high compared to other altcoins, and most communities here in the field we live in know that. As long as we always remember that we must always be ready or lose when we invest in them.

[DAMKAR]

 

~
But we should also remember that the risk of meme coins is high compared to other altcoins, and most communities here in the field we live in know that. As long as we always remember that we must always be ready or lose when we invest in them.

Yeah, meme coins are more risk than other altcoin.
I suggest to other don't invest in meme coins.
You will lose alot.

learn from probability theory, the possibility of losing is more than profit.
Hard to say, if we compare in  dogecoin that be popularized by Elon Musk.
Maybe It's very rare for popular people to promote meme coins.

[Fivestar4everMVP]

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 think you asked something and at the same time answered yourself, Meme coins don't last for sure, but we still have the likes of dogecoin, Shiba inu and some other being among the top coins in terms of market capitalization.

Meme coins can indeed make one rich, I mean, alot of persons or people in crypto have gained their financial freedom through investing in meme coins, and when I say, financial freedom, what I mean is that, this people have made generational wealth for themselves through meme coins.

So, on the nutshell, meme coins are actually one of the means to get quick wealth in crypto, but not without a very high risk, it's just like gambling, you either lose or win, and to win in meme coin gambling, you have to discover one that will explode, at its early stage, this is the only way to make it with meme coins, because if you find a potentially good one, and wait for it to start pumping before you buy,  you might end up buying at the top, and this is how most people lose money in meme coins.

[bounceback]

I think have chance with meme coin make us rich but depend on timing for investing, many meme coins worth up drastically after announcing on CEX Exchange such as Binance, Kucoin or any top exchange else. But wrong way with many people invested in meme coin after listing on CEX exchange announcement where less potential for raising to the higher price.
To be rich with meme coin have invest before that coins announce will list on CEX exchange, but we make gambling about possibility will any meme coin in the future list on CEX exchange or not. Less profitable earn when meme coin have been listing on CEX exchange and they will be stable coins.

[jeraldskie11]

Technically, meme coin can really make you rich. If you remember what happened to Doge in 2021, this is the first meme coin who made lot of people to live a new life, they became rich. Imagine those days that doge coin has almost no value where you can just get it free but in one time it reach $0.73 each. That is also true with shiba inu, a meme coin that also change people's lives. However, there's a lot of meme coins and we didn't know which meme coin will be next to doge. That's one thing we have to consider.