Post
Topic
Board Altcoin Discussion
Re: How do people make millions with memcoins
by
jayman5
on 06/02/2025, 21:20:37 UTC
Think the game is up on meme coins tried it out summer 2024 and some made large profits, others rugged, in the end just returned to a natural position as used up all the gains on rug pulls, got bored and concentrated on building up my bitcoin instead.

Then when Trump meme came along it was too good to miss and i made a 3 x profit.

This is because memes are all about trust, if you can identify the dev its unlikely they will commit a crime and rug people, that person could end up getting hunted down by those that lost money, or maybe one of the victims is the son of a senior boss of the FBI financial crime unit. "don't worry son we`ll get him".

The idea that a president of US will commit a serious financial crime 3 days before inauguration is almost as crazy as your gran robbing a bank.

That why millions poured money into it because of this trust.

This renewed my interest and spent two weeks after re-visiting memes and just lost the small bets i placed. The state of the meme market now compared to 6 months ago is terrible, 99% are rugged or die quickly, the only way to realistically trade is via trading bots like bonkbot, (dont bother with the connecting your phantom wallet to radium its useless)  the fee% taken off are higher the lower your trade so if you bet 0.1 sol you will start at a -25% loss that you will have to make up anyway before you go into +profit.

So you either bet higher & risk losing more for lower % fees or carry on tiny trades and start out 25% each time.

On my YouTube feed next to the usual crypto / alt coin videos ive started seeing recently videos "how to rug" etc.. claiming "educational purposes only", i saw a couple out of curiosity,  one was a 20 something low IQ sounding moron telling everyone how he does this, reminded me of the story of the 1929 crash when a stockbroker recalled how the shoeshine boy was telling him of all the stocks he had, he said after that encounter he knew it was all coming to an end.