- Mar 22, 2013
- 9,146
- 10,489
So im not going to write a hotshot guide, im just gonna tell you how it is.
I got into memecoins 15 days ago. I got incredibly lucky to buy Snake wif Hat first and get in early, for only 3 solanas. Within 5 days it was worth $100,000. Because of my greed and inexperience, i didnt take much profit. But i did take some and reinvested in other projects.
As things stand now, i took the 15 solanas total that i invested in memecoins out of the game, and my portfolio is currently about $40,000. This is all house money.
So ive been trying to find a way to play this game, in a way that works for me. So far my best strategy by far has been getting in super early, and the coin blowing up. But you dont get many of those. I tried it again yesterday with $Blondes and $Brunettes, and they rugged and i lost 4 sol. RIP
I tried buying new coins with like 0.5 and taking out my initial investment as soon as i gain any profit, then letting the remaining coins sit there. I was very successful at this, did it a dozen times. But most of the coins rug. So doing it and hoping to keep enough of a coin that proceeds to moon is kind of a long shot. Plus its a bit stressful.
Talking of stress, it seems to me most of the guys doing memecoins are looking for a quick 2x or 4x. But this is also stressful. Youre always looking for new coins and dicking around with it. Not really for me.
What i do kinda enjoy is getting into projects with long term prospect, and trading the shit out of the dips and jumps. I did it with Yeti incredibly well, but i didnt take profits, and eventually i even put back my initial investment of 2 solanas. But i traded that motherfucker within 2-3 hours up to 8 solana profit. It was glorious. Today it rugged, so i lost almost the full 2 solanas.
But i learned a lesson. Never put the initial investment back in, kid. There are exceptions, but its a rule for me now.
I also did the same trading thing with Sitcom. I took out initial investment of 4 sol, and took out 8 sol profit. On the dump i put 5 sol back in gradually, and kept 3 sol profit. 3 sol profit is good enough for 2 hours of work. And if Sitcom pumps again, im gonna make out like a bandit.
Another thing. I find it better to trade with less sol at a time. Like if im trading in and out of a coin, cash out bit by bit, put back in bit by bit, riding the waves. This way youre less likely to get stuck too high with all of the sol youre playing with.
Anyway the goal is always to take out intial investment and some profit, then put the profit back in during drops. And if the getting is good, dont put all the profit back in. Keep something for yourself, as a reward for your hard work.
Regarding the coins, there are some things i look for. I find them in various places, telegram reddit. But i look for a website, prerrably one that doesnt look like it was made by a 5 year old, but not too important. Also preferable to be an actual domain, not wix or whatever other free crap exists.
I look for a twitter, preferrably one with more than 12 followers, and one thats actively tweeting about the coin.
I look for a telegram, preferably one with more than 12 members. And then i look around to see what people are talking about and whats pinned. In most cases if im interested in a coin i just flat out say i want to invest, and to tell me what the coin is about. In good communities youll get replies, you may learn that the dev is doxed, and other things. I also check to see if theyre raiding and promiting and stuff.
I use mostly dexscreener to find a coins socials and so on. I fucked up on Yeti in that their website was leading to 404. And when i told them in telegram about it, they didnt update it for an entire day. I should have known it might rug. A serious project wouldnt just let that slide. You live and you learn.
Once im in a coin and it pumps, initial investment goes out. I would play with it to try and catch some ups and downs. Its really interesting how much you can gain by buying on 0.003, selling at 0.005, then buying st 0.004, selling st 0.008 and so on. Before you know it you did 50 trades riding the wave, and youve BANKED son.
Now you retire the initial investment, start taking out profits and playing with that. With a little luck and a lot of work, before long you have enough play money to retire some profit too, and keep riding the wave. I did it with Yeti, i did it with Sitcom, i did it with Snake wif Hat even, many many profitable trades.
If the coin rugs, you already got some profits. If it doesnt, you keep poundin it and increasing your bag, and hope it blows up.
At some point the coin dumps, and it may stay dumped for days. But even on the dump it will eventually hit a floor, and you can play on the bottom just as well as you can play on the top. So when it dumps i buy a bit, using my previously earned profits, and i keep buying like 1 sol at a time as the wave goes down. With a little luck, my last buy or two is where the coin will remain for a while. But it will continue to do small pumps and corrections. So i play with those, increasing my bag bit by bit. With enough successful trades, the sol i put in above the current top price will be made irrelevant, because of the trading profits.
Small coins are best for this, i find. Lower marketcap, higher moon potential.
Anyway, im still learning. I messed up with Yeti 2 days ago by putting all my profit plus 2 sol initial investment back in. I didnt mess up with Sitcom yesterday, having learned my lesson, and my initial investment is out, and im 3 sol in profit, and have a number of sol waiting for a pump, to increase bag. If sitcom does another good pump, im gonna bank.
Anyway, that seems to be my strategy. I like it. And with a little luck, it can really turn into something.
I guess ill answer any questions. But remember im new at this, only got into it 15 days ago, so im not some memecoin crypto wizard character. Just a dude tryina make a dollar out of 15 cents
Cheers yall
I got into memecoins 15 days ago. I got incredibly lucky to buy Snake wif Hat first and get in early, for only 3 solanas. Within 5 days it was worth $100,000. Because of my greed and inexperience, i didnt take much profit. But i did take some and reinvested in other projects.
As things stand now, i took the 15 solanas total that i invested in memecoins out of the game, and my portfolio is currently about $40,000. This is all house money.
So ive been trying to find a way to play this game, in a way that works for me. So far my best strategy by far has been getting in super early, and the coin blowing up. But you dont get many of those. I tried it again yesterday with $Blondes and $Brunettes, and they rugged and i lost 4 sol. RIP
I tried buying new coins with like 0.5 and taking out my initial investment as soon as i gain any profit, then letting the remaining coins sit there. I was very successful at this, did it a dozen times. But most of the coins rug. So doing it and hoping to keep enough of a coin that proceeds to moon is kind of a long shot. Plus its a bit stressful.
Talking of stress, it seems to me most of the guys doing memecoins are looking for a quick 2x or 4x. But this is also stressful. Youre always looking for new coins and dicking around with it. Not really for me.
What i do kinda enjoy is getting into projects with long term prospect, and trading the shit out of the dips and jumps. I did it with Yeti incredibly well, but i didnt take profits, and eventually i even put back my initial investment of 2 solanas. But i traded that motherfucker within 2-3 hours up to 8 solana profit. It was glorious. Today it rugged, so i lost almost the full 2 solanas.
But i learned a lesson. Never put the initial investment back in, kid. There are exceptions, but its a rule for me now.
I also did the same trading thing with Sitcom. I took out initial investment of 4 sol, and took out 8 sol profit. On the dump i put 5 sol back in gradually, and kept 3 sol profit. 3 sol profit is good enough for 2 hours of work. And if Sitcom pumps again, im gonna make out like a bandit.
Another thing. I find it better to trade with less sol at a time. Like if im trading in and out of a coin, cash out bit by bit, put back in bit by bit, riding the waves. This way youre less likely to get stuck too high with all of the sol youre playing with.
Anyway the goal is always to take out intial investment and some profit, then put the profit back in during drops. And if the getting is good, dont put all the profit back in. Keep something for yourself, as a reward for your hard work.
Regarding the coins, there are some things i look for. I find them in various places, telegram reddit. But i look for a website, prerrably one that doesnt look like it was made by a 5 year old, but not too important. Also preferable to be an actual domain, not wix or whatever other free crap exists.
I look for a twitter, preferrably one with more than 12 followers, and one thats actively tweeting about the coin.
I look for a telegram, preferably one with more than 12 members. And then i look around to see what people are talking about and whats pinned. In most cases if im interested in a coin i just flat out say i want to invest, and to tell me what the coin is about. In good communities youll get replies, you may learn that the dev is doxed, and other things. I also check to see if theyre raiding and promiting and stuff.
I use mostly dexscreener to find a coins socials and so on. I fucked up on Yeti in that their website was leading to 404. And when i told them in telegram about it, they didnt update it for an entire day. I should have known it might rug. A serious project wouldnt just let that slide. You live and you learn.
Once im in a coin and it pumps, initial investment goes out. I would play with it to try and catch some ups and downs. Its really interesting how much you can gain by buying on 0.003, selling at 0.005, then buying st 0.004, selling st 0.008 and so on. Before you know it you did 50 trades riding the wave, and youve BANKED son.
Now you retire the initial investment, start taking out profits and playing with that. With a little luck and a lot of work, before long you have enough play money to retire some profit too, and keep riding the wave. I did it with Yeti, i did it with Sitcom, i did it with Snake wif Hat even, many many profitable trades.
If the coin rugs, you already got some profits. If it doesnt, you keep poundin it and increasing your bag, and hope it blows up.
At some point the coin dumps, and it may stay dumped for days. But even on the dump it will eventually hit a floor, and you can play on the bottom just as well as you can play on the top. So when it dumps i buy a bit, using my previously earned profits, and i keep buying like 1 sol at a time as the wave goes down. With a little luck, my last buy or two is where the coin will remain for a while. But it will continue to do small pumps and corrections. So i play with those, increasing my bag bit by bit. With enough successful trades, the sol i put in above the current top price will be made irrelevant, because of the trading profits.
Small coins are best for this, i find. Lower marketcap, higher moon potential.
Anyway, im still learning. I messed up with Yeti 2 days ago by putting all my profit plus 2 sol initial investment back in. I didnt mess up with Sitcom yesterday, having learned my lesson, and my initial investment is out, and im 3 sol in profit, and have a number of sol waiting for a pump, to increase bag. If sitcom does another good pump, im gonna bank.
Anyway, that seems to be my strategy. I like it. And with a little luck, it can really turn into something.
I guess ill answer any questions. But remember im new at this, only got into it 15 days ago, so im not some memecoin crypto wizard character. Just a dude tryina make a dollar out of 15 cents
Cheers yall
