Re: A Meme coin investor turned $8,000 Investment into Billion?
Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.
It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.
I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?
Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.
I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?
You will have to post a source for those rumors as it is impossible to produce those profits with such a low starting capital, as even if a meme coin went up 100x, this will only produce 800k in profits, which is nowhere near the 5.7 billion that you claim.It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.
I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?
Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.
I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?
Just to give you an idea of how unlikely this is, even if a person bought bitcoin with those 8k when bitcoin was only worth one dollar, this will only produce 531 millions at the current price, so the profits will still be very far away from the amount you state that person made.
Well the maths is pretty simple here, it would mean that he was able to make 125,000x out of his starting capital!
Sounds quite realistic to me... Someone who bought bitcoin for $1 would now be at 64,000x. It's nonsense of course... Oh now I see you are talking about $5.7 billion! lol then it would be 125,000x * 5.7, which is 712,500x. Erm let me think, no... It is true that some meme coins like DOGE were at $0.0002 and peaked at around $0.65. That would give someone 3,250x. No way there was someone making 712,500x with a meme coin. I think everyone would have been talking about that and such a topic is unknown to me.
If this story really exists, at least the meme coin should be known and mentioned here. I also think that the lottery for meme coins is over in terms of those profits that people could make many years ago. And that's a good thing because too many people got fucked up and immediately lost their interest in bitcoin too.
Yeah, memecoins have good and bad sides for those who just came to crypto and are eager to start pumping money without much knowledge behind it. Nevertheless, it's these lessons in terms of whether you should go into such coins or not which shape our experience and analysis capabilities, thus allowing us to improve in the long term.