I stopped trading crypto after I lost money with LUNA and chose not to return to it. But now I see people on Twitter making huge profits by buying memecoins. Some folks are getting 100 times their investment, which feels unfair, but I’m happy for them. So I’m wondering, if I start learning about crypto right now, what are my chances of actually making money? Or will I just end up losing it all because I don’t know enough? Is this just a gamble where most people lose? Am I being smart by staying out or should I give it another shot
Dacey said:
@Amelia
How long did it take you to get to $500,000?
Around 14 months.
Are you rich now? If yes, chances are good
Olen said:
Are you rich now? If yes, chances are good
You said exactly what I was thinking. Well said
Olen said:
Are you rich now? If yes, chances are good
This.
Olen said:
Are you rich now? If yes, chances are good
top tier comment
I can share my personal opinion. Making money from meme coins is really tough unless you are super lucky or can create your own coins. I wouldn’t go that route.
It’s better to check out other options, like liquidity pools. They might not sound exciting, but earning 10 to 15% each month is possible if you choose wisely. Most people lose money on meme coins. And when you hear about someone making 100 times their investment, they often don’t talk about the other investments they made that failed.
@Aspen
With liquidity pools, you aren’t likely to get rich. The highest returns I’ve seen are from Jupiter LP with around 180% APY. If you invest $10,000 in one project, you might see profits, but if you’re working with $2,000, it won’t be the same.
For memecoins, I’d keep an eye on new projects and see what trends in humor and culture emerge. Pick the best ten and spread your investment across them. One big winner could offset the others that fail.
You have to choose coins with a low market cap that haven’t surged yet. But the timing in the crypto market is crucial, and that window might be closing. Meme coins tend to rise after the main coins do well. That’s when attention on crypto spikes and everyone’s trying to get rich. We’re likely nearing the end of that cycle again, so it’s important to recognize whether a project is solving real problems.
@Merlin
You’re right; liquidity pools won’t make you rich. But if you research well, you can earn decent profits. With meme coins, you’re entering a gamble.
Aspen said:
@Merlin
You’re right; liquidity pools won’t make you rich. But if you research well, you can earn decent profits. With meme coins, you’re entering a gamble.
Liquidity pools seem to offer easier paths to making money right now. But having enough capital is key.
@Merlin
I’ve always liked liquidity pools and CLMMs since traditional yield farms faded away. Memecoins can be fun, but the timing is crazy risky. If I’m taking that risk, I might as well engage in leveraged perpetual trading on Zeta or Drift to earn some airdrop points.
@Merlin
If you’re looking to become exit liquidity, just buy memecoins. It’s all about quick pump and dump.
@Aspen
What are some reliable liquidity pools and which coins should I consider?
Skye said:
@Aspen
What are some reliable liquidity pools and which coins should I consider?
Check out Defillama for some good pools. Each blockchain has its options. I’m currently in a SUI/USDC pool that gives me about 1% daily.
@Aspen
Shitcoins are all about vibes and fun times. Just stay on degen Twitter and keep an eye on the trends.
Aspen said:
MIA2 said:
@Aspen
[deleted]
Where do you copy trading?
[deleted]
How do you find a good person to copy?