@Aspen
Join my group if you want. I’m actually a developer who creates tokens and I’m willing to teach people. There are opportunities to make money if you don’t just run away with it. Some tokens have made it big like Dogwifhat, Bonk, and Pepe. You have to find the right projects…
Most memecoins just end up failing, but there are gems in the mix. I’m dedicated to doing the research to find those gems.
@Aspen
What do you know about forex? I managed to get a $100k prop firm account for free in an online challenge. Do you think I should focus on that instead of jumping back into crypto?
Dacey said:
@Aspen
What do you know about forex? I managed to get a $100k prop firm account for free in an online challenge. Do you think I should focus on that instead of jumping back into crypto?
That’s another scam, just do some research online
Dacey said:
@Aspen
What do you know about forex? I managed to get a $100k prop firm account for free in an online challenge. Do you think I should focus on that instead of jumping back into crypto?
Learn to invest in various assets and balance your portfolio.
Dacey said:
@Aspen
What do you know about forex? I managed to get a $100k prop firm account for free in an online challenge. Do you think I should focus on that instead of jumping back into crypto?
Trading is just a way to lose money guaranteed. By trading, I mean forex stuff, not buying and selling crypto.
@MIA2
I’ve been learning forex trading full time for the past two years. I think I’ll be okay.
Dacey said:
@MIA2
I’ve been learning forex trading full time for the past two years. I think I’ll be okay.
Have you tried paper trading? It could help you practice.
Dacey said:
@Aspen
What do you know about forex? I managed to get a $100k prop firm account for free in an online challenge. Do you think I should focus on that instead of jumping back into crypto?
Now? You mean when everything is already going up? If you think this is a good time, I suggest you stay out until you learn more.
Dacey said:
@Aspen
What do you know about forex? I managed to get a $100k prop firm account for free in an online challenge. Do you think I should focus on that instead of jumping back into crypto?
You won’t be able to withdraw. That’s a scam.
you still have time before the halving, it’s still a good chance to start!
There are 83,000 tokens on the Solana network right now. It’s like gambling on a huge roulette table. Still, your chances of making money with a token are better than buying a lottery ticket.
Getting rich? That’s another story… there are 68 million blockchain wallet holders, but only 15,700 hold more than 10 BTC and 2,200 hold over 1000 BTC.
Most of them were already wealthy before creating these wallets.
@Flynt
Probably only about 1000 people or fewer actually own those wallets.
Making money on meme coins is just a gamble. For every one person making 100 times their investment, there are 99 who have lost theirs. While it can happen, the chances are slim.
Danielle said:
Making money on meme coins is just a gamble. For every one person making 100 times their investment, there are 99 who have lost theirs. While it can happen, the chances are slim.
…and even those who profit may end up losing it all soon after. They probably won’t share that story.
@Kennedy
I watched the WIF launch happen on Twitter without buying any. I could have seen major profits if I’d taken the risk. There seemed to be numerous new meme coins coming out. Most failed or their prices dropped afterward.
Yes, there are opportunities, but you have to be patient and lucky. You also need to handle the high risk and the potential for big losses.
For real, if you want to become a millionaire in crypto, you should start as a billionaire.
If you want to see 4-8 times your money, it’s not too late. You can achieve this with some of the top 15 coins right now.
If you’re after a 100 times return, many memecoins have already missed that opportunity, but there will be some surprises in this cycle, the trick is spotting those.
@Tenzin
You can still do it with memecoins during the frenzy phase, but it’s still a massive risk.
Danielle said:
@Tenzin
You can still do it with memecoins during the frenzy phase, but it’s still a massive risk.
Absolutely, especially if you choose the right ones. Which ones do you think are the best?
@Tenzin
It’s not about which one, but rather how to avoid as many bad choices as possible.
P.S.: not financial advice. This is how I would approach it if I had the time to explore projects:
Is it trending heavily on Twitter? If so, keep an eye on it but don’t buy.
Are there over 10,000 wallets with different amounts invested? Active community? Wait and watch without buying.
Was it listed on a third exchange and kept booming? At least a week of history on CMC? Pay attention, but still don’t buy.
Has it been around for at least a month? Keep watch, don’t buy yet.
Is there a community where you can ask questions without being banned? Watch for a while without seeing red flag inquiries before you consider it.
Does it have a roadmap that outlines potential future listings? Keep an eye but don’t buy yet.
Study the buy and sell taxes. Less than 10%? Keep watching, don’t buy.
Is a fourth exchange expected soon? Watch for that too.
Look at the chart; if you see people selling, keep your watch, don’t buy yet but prepare.
After a few days of watching, if it’s still up, consider testing with a small investment. Can you trade it back and does it show value in your wallet once you import it?
If you can check all those boxes, then it’s worth considering your next move. Remember, you might lose it all, so prepare for that. These are high-risk ventures for a reason: they may not last long. Invest only what you can afford to lose. Once again, this is not financial advice. Best of luck if you find a gem.