Re: How do people make millions with memcoins

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.

Yes, of course, as you said, memecoins cannot guarantee profits because they require support from influencers so that their tokens are in great demand instead of many enthusiasts and there is hype. I am not forbidding investing in memecoins but still prioritize deeper research before you invest, this year many meme coins that are being targeted by investors all appear immediately hyped and continue to grow. Meme coins are tokens that do not have a bright future and also have a high risk. Please be more careful with your money before investing.

This is more ideal actions to do since by researching the background of meme coins we could find out if they could at least last for many months. We can't deny that there are launched and dump meme coins out there that's why we need to be careful on those schemes since for sure we are in losing side if we pick up the bad projects. But I'm not thinking about getting millions from meme coins since what presented profit when they launch there project or there's a mini bullish run is enough for me. I immediately sell once I'm in profit since I don't have any huge trust on meme coins since so far it gives me impression that all of this tokens are scam.

Finding out any other related things towards meme coins is something that wont really be able to precisely be able to know yet information into these kind of moment or times wont really be that clear since it is really just that starting up. When dealing up with meme coins then it wont really be something so simple yet this could really be considered out to be gambling in my part yet despite on having those applicaitons in terms of analysis then it wont be able to do so since just like been said that we are still on the early phase. Any information and other correlated things couldnt really be possibly be able to acquire and thats why on the moment that you've decided on taking up some meme coin investment then prepare yourself about that higher chance on getting some pump and dump token.

Although the good thing when you do deal up with memes and avoiding some potential rugpulls is that you do able to check out some tools like rugheck, sniffer and others on which you can be able to determine on what are the possible problems or issues on the said token. We do know that there are those locked liquidity or renounced or something on which this is also an important thing to consider on dealing up with these tokens. If you wont really be that careful then most likely you will be losing tons of money.