$16 in $3 million

[YTPro]

Perhaps it would make sense to create your own shitcoin then?

If you know how to / have the budget to market it right, you should.

 

[Relykov]

But can they sell is the million dollar question. Most of the time there is not enough liquidity

 

[Stifmeister]

The math is wrong here.

In order to reach 3$m from 16$, you need to basically 187500x your investment.

PNUT started at around 10 cents a pop. peaked at 2.3$ that's only 23x... His $16 investment peaked at 368$ at best.

There are very few things that can predict what coins will do well, it's all speculation.

If someone knows how to regularly predict such things, they definitely would not be sharing it publicallly, because they'd be billionaires very fast.

They're either shilling so their bag would increase in value or they're trying to scam you. Don't be fooled, crypto is become a casino, especially shitcoins. Can you make money? Sure, I've made money many times. Buy low sell high.

 

[WAndreas]

If you know how to / have the budget to market it right, you should.

The issue is slowly starting to take on new directions. A little higher they wrote that this is done for free on solan. We need to take a look. What if?))

PNUT started at around 10 cents a pop. peaked at 2.3$ that's only 23x... His $16 investment peaked at 368$ at best.

Here... Deceived, as always! Of course, I didn't know such calculations and where to look at them. Believing that shitcoins can show very good volatility, I believed it...

 

[V]

Of course, I believe in it. In the picture, all this looks beautiful, but few people think about the fact that the work invested is not visible in the final result. So, after the first setbacks, you retired from these cases, am I right?

I haven't. I am still learning what I can and not be deterred by setbacks.

 

[ErinRiptide]

The issue is slowly starting to take on new directions. A little higher they wrote that this is done for free on solan. We need to take a look. What if?))


Here... Deceived, as always! Of course, I didn't know such calculations and where to look at them. Believing that shitcoins can show very good volatility, I believed it...

What's so difficult ? Go to coinmarketcap to check the coin's charts. Change the timeframe to All and you could check how the coin progressed.

 

[bristerbunte]

I've become curious, who and how works with meme coins? I'm considering this direction. One person invested 16 dollars and earned 3 million in two weeks. Another invested 15.5k dollars and earned 56 million. Both invested in PNUT.
And where was I during this time? Why didn’t I invest in this meme coin too? It’s clear that the cases they write about are one in a million, but I don’t need to make 3 million. Half of that would be enough for me. There must be some hidden catches, though. But where aren’t there any? Can anyone explain anything about this? I’ve never dealt with meme coins before.

DBZ coin made me lose almost 1000$ and that was also my first time participating in cryto in 2021

 

[awesomewebsites]

I've become curious, who and how works with meme coins? I'm considering this direction. One person invested 16 dollars and earned 3 million in two weeks. Another invested 15.5k dollars and earned 56 million. Both invested in PNUT.
And where was I during this time? Why didn’t I invest in this meme coin too? It’s clear that the cases they write about are one in a million, but I don’t need to make 3 million. Half of that would be enough for me. There must be some hidden catches, though. But where aren’t there any? Can anyone explain anything about this? I’ve never dealt with meme coins before.

Beleive me less than half of it will also be enough. But 99.99% will make loss with these coins instead of just making a profit . Forget about turning $15 to a million.

 

[Venusaur]

If you don't have contacts and just try to guess what coin is going to be massive or at least make you a decent money, it's almost impossible

PNUT kept 40 minutes available on Pump.Fun trying to beat the 80k threshold marketcap, I guess it wasn't supposed to become huge, but it was picked by ''chads'' (as they refer to), KOLs, whales, the rest is history

Nobody can bindly guess which one will be picked or created for it, so, that's why you need to be an insider, have contacts or at least, track some wallets from those big guys and copy trade, but it's also not so easy, if it was that easy to find and track their wallets, everybody would be millionaire, they probably change their wallets very often

 

[anthoo12]

The math is wrong here.

In order to reach 3$m from 16$, you need to basically 187500x your investment.

PNUT started at around 10 cents a pop. peaked at 2.3$ that's only 23x... His $16 investment peaked at 368$ at best.

There are very few things that can predict what coins will do well, it's all speculation.

If someone knows how to regularly predict such things, they definitely would not be sharing it publicallly, because they'd be billionaires very fast.

They're either shilling so their bag would increase in value or they're trying to scam you. Don't be fooled, crypto is become a casino, especially shitcoins. Can you make money? Sure, I've made money many times. Buy low sell high.

It's true if we stick to raydium dex, but the token was launched at pump fun, the starting price was under $0.0001
And there is a dozen of users that bought around 0.1 SOL (+- $16) of PNUT at the start, it now worth millions.
Most of them sold their token gradually over time, and several wallets never sold the tokens.

So, yes, there is millions to make in this area, and the $16 to $3M is really possible.

But be very careful, if there is millions to make, it mean that there is millions to loose! This value is not created from nowhere, and 99.99% of the projects at pump fun worth nothing and will never pump, it's like gambling with high risk, high rewards.
And there is a ton of bots on the market, you cannot beat them manually, you can't guess the next gem without buying a ton of worthless tokens before, also if you have a pumping token in your wallet, you can't sell it a the very top and you never know if it will goes up or down in the future.

 

[Relykov]

If you don't have contacts and just try to guess what coin is going to be massive or at least make you a decent money, it's almost impossible

PNUT kept 40 minutes available on Pump.Fun trying to beat the 80k threshold marketcap, I guess it wasn't supposed to become huge, but it was picked by ''chads'' (as they refer to), KOLs, whales, the rest is history

Nobody can bindly guess which one will be picked or created for it, so, that's why you need to be an insider, have contacts or at least, track some wallets from those big guys and copy trade, but it's also not so easy, if it was that easy to find and track their wallets, everybody would be millionaire, they probably change their wallets very often

I also don't think it was supposed to become big because I read somewhere that the founders sold their tokens for 3.5 Sol

 

[Venusaur]

I also don't think it was supposed to become big because I read somewhere that the founders sold their tokens for 3.5 Sol

I didn't read it, but I don't doubt it is true
Maybe they sold and the coin was ''caught'' by powerful guys

 

[WAndreas]

What's so difficult ? Go to coinmarketcap to check the coin's charts. Change the timeframe to All and you could check how the coin progressed.

Have you ever thought about creating your own Bitcoin? Of course, a lot of questions may arise here. AI could be used, but it already has an old base for such cases. Although you can try it.

 

[Relykov]

I didn't read it, but I don't doubt it is true
Maybe they sold and the coin was ''caught'' by powerful guys

Maybe or this was planned all along and was a smart way to remove the risk of the devs dumping later on so it would look like the community picked up the dev bags early on and it shot up from there

 

[WAndreas]

DBZ coin made me lose almost 1000$ and that was also my first time participating in cryto in 2021

It's a pity(( After such an experience, I would have given up all business with cryptocurrency altogether...

 

[myself123a]

Investing in such projects is always a lottery, isn't it? But even in a lottery, there’s sometimes a chance to win.



The main promoter of the PNUT (Peanut) token was Elon Musk, who actively promoted this meme coin through his tweets and other public statements, which played a key role in its popularity growth.

Ah. Well - there's your answer. It was simply a big pump/dump. You can be sure that elon + friends "invested" heavily in it (even if they say they didn't... sadly, ppl lie, and most likely they are part of that club)... Chances are he + his buddies "seeded" it (whenever that was) to make it look like 'major activity' was happening - to get all the little fish super excited, because its "elon"... And taking a quick look looks like there was an "11% drop" today - so that is probably him & his buddies cashing out (although they probably cash out small amounts along the way)... Supposedly he owns twitter. So he can easily manipulate "viral" tweets simply by making tweets appear @ the top, in people's feeds, etc. So he's already rigged the system a bit. (Most people in reality probably do not really care what he says - but 'OMFG! his tweet went viral!' then they do, not realizing his team just tweaked a couple things on the backend).

Instead of worrying when you may or may not be able to catch the 'next Elon wave'... While I personally don't like the idea of pump & dumps (simply because it is basically stealing from ppl who most likely are already poor, different topic though)... If you want more 'control'...

a) Make your own coin. Ideally make it have some UTILITY (not just a 'gambling' coin).
b) Figure out how to promote it.
c) Watch $$$ come in.

Greatly simplified of course. But more likely to make you $$$ than try and catch the next 'elon' wave... or... if you are an elon fanboi, then pay attention to his promotion patterns - track those - and then make $$$...

 

[WAndreas]

I haven't. I am still learning what I can and not be deterred by setbacks.

Have you ever thought about creating your own coin? Of course, there may be a lot of questions. It would be possible to use AI, but it has a very old base for such cases. Although you can try.

a) Make your own coin. Ideally make it have some UTILITY (not just a 'gambling' coin).

How can you make shitcoin useful at all? He is not provided with anything and, therefore, does not give any guarantees. I'm not a fan of Elon, but if it can help you make money, then why not?

 

[V]

Have you ever thought about creating your own coin? Of course, there may be a lot of questions. It would be possible to use AI, but it has a very old base for such cases. Although you can try.

Yes, many times, but not a shit coin. If I ever do that, there should be some reward for the user apart from the hope of a pump. I have some ideas in mind, not the money or connections atm.

 

[bristerbunte]

It's a pity(( After such an experience, I would have given up all business with cryptocurrency altogether...

yes

 

[natsuko]

Meme coins are all about timing and hype, but they're super risky. Many are pump-and-dump schemes, so only invest what you're okay losing. Research the community and devs behind the coin, and consider diversifying into more stable crypto to balance the risk.