Meme Tokens: Your Ticket to Fast and Furious Crypto Profits

Hello SPIers, today we are going to have some fun and look into maybe one of the best ways to currently make money from crypto. This is not something I will get SPI involved with, it's too degen for SPI plus it requires a few hours a week to do properly but it's fun to look into different types of investing even if we are not part of it. This post is written for entertainment only.

Get Rich From Meme Tokens

Thats right, we all know about meme tokens and we see them every day, this dog token jumped 1800% and that pig with hat token mooned 6000% in 3 days. Personally, I never understood meme tokens and thought they were just bullshit pictures of old memes but when DOGE hit 50 cents, something clicked in my brain and I understood it's not so much the meme thats important, it's the community, the DOGE army that makes it valuable. We saw the same with SHIB last cycle, a huge community and now we are seeing it with PEPE this cycle.

Buying these meme tokens that have marketcaps in the billions of dollars is not how you get rich. To get rich from meme tokens, you have to go deep into the trench with all the most degen crypto investors on the planet. The filth you will need to filter through and invest into will turn your stomach, marketcaps under $100k, 1-2 days old and the most ridiculous themes you can imagine. You'll need to be taking 3-4 showers a day with the filth you'll be involved with. But...

With that all said, you can make a shit ton of money if you make a game plan and stick to it as if your life depended on it. Meme tokens are making millionaires every day, most of them dont sell and become plebs again when the token tanks but the opportunity and potential are there.

Disclaimer:

Be aware that 99.9% of all meme tokens will go to $0 and become dead. If you HODL meme tokens, you will get wrecked. Flipping meme tokens is very risky and you could lose and probally will lose all your money. Meme flipping is comparable to betting and watching a live horse race. You get on the horse when you like and the plan is to get off before it breaks a leg. Invest only with amounts of money you can lose and not care about losing.

Example Meme token investment strategy

You take a starting amount, for this example, we're going to start with $1000, convert it into SOL and create a spreadsheet to track everything. Solana is the place to be for meme tokens. You will need a Phantom wallet (like metamask) and you can buy/sell on https://raydium.io/swap/. After your set-up, you need to start to buy tokens.

You are not going to go crazy and degen into 1-2 tokens, you will split your $1000 into 20 positions of $50 each. This means you need to find 20 meme tokens to invest into. But where can you find them? Right here. This site has lots of filters and you can see alot of key information about a token quickly.

What information are you looking for?

• Marketcap between $30-$150k
• Under 1 week old
• Over 200 transactions in 24 hours
• LP size of over $15k

When something fits within the above, click on all the links to their website, Twitter, and Telegram to see if they are active are not. The more active the better! While you are in these places, you can ask a few questions like, "Is the main LP token burned?" and "Is the dev active within the community are not?" You want the main LP token connected to the token supply to be burned so the project is projected against a rug pull. Ideally, you do not want an active dev, the best meme tokens have no active dev and the community grows them. Having an active dev is not the end of the world because you'll be in and out within days or weeks but it's nice to know before you gamble.

• Invest into 1-2 tokens a day for around 2 weeks investing $50 into each token.

After you invest, you input the token name, the amount you bought and the amount you paid as dollars into your spreadsheet.

When Exit?

This is the most important thing, you must not get any connection to these meme token projects. It does not matter how cool the community is and how much it pumps, it will go to $0 long term. Down in the trenches, you have to be cold-blooded and disregard all emotions. If you can not exit, you will get destroyed and potentially lose life-changing amounts of money. Do you think all your new buddies in the "pepewithglove" telegram are diamond hands? and it's going to Mars!?, F them! Sell your bag into them, take your profits out and move on.

• If the token does a 5x, sell 60% of your tokens

Using our example of $50 a x5 would be a bag worth $250. Selling 60% would give you around $150 and you would still hold around $100 of the meme token. Update your spreadsheet to track your profits.

• Use $50 to replace the sold token with a new meme token
• Part $100 into BTC, ETH, SOL or USD/HBD

I would not advise you to take your $150 and make investments into 3 new meme tokens because after some time, it will get very hard to track 50-100+ tokens and you'll miss things like selling them when they are within range. Taking out a profit is vital to growing wealth and after 10 cashouts of $100, you will have got out your seed money and be freerolling your meme token bags.

• If the token does a further 10x, sell 90% of your tokens

Using our example, a further 10x on the $100 we kept would be a bag worth $1000. Selling 90% would give you around $900 and you would still hold around $100 of the meme token.

• Put $900 into BTC, ETH, SOL or USD/HBD

Update your spreadsheet to track your profits.

For every token that does a 50x, 5x first and 10x further = 50x and you will cash out $1000 and still hold $100 worth of the meme token. The remaining $100 you hold will have cost you $2 and you are now done with trading that token.

The remaining $100 worth of token is now HODL token, it's 99.7% going to drop to $0 but you can never know when are what the next 10 billion+ dollar meme token will be and you dont wanna be the person that invested when the marketcap was $100k and now its $1 billion, 5 zeros later and you sold all you bag. If this were to happen, buying in with a marketcap of $100k and selling out at $10+ billion, your remaining $100 would be worth $20k. Not life-changing but for a $2 gamble, not too bad.

What about all the losers?
There is little you can do other than make sure to cherry-pick the best meme tokens you can and dont buy for the sake of buying. You would be surprised at how many of these tokens perform very well within the next few weeks or months and do 20-100x in short amounts of time. But losers are certain.

The only thing you can do is hold what does not ever go past 5x and accept it as a loss.

Dont sell it for 2-3x profit and never sell it at a loss. You stick to the rules because a meme token that can 2-3x can 20x. It's that crazy! You will have losses and they will go to $0 but thats all part of the game and when you're gambling on degen stuff, you're gonna lose a bunch of times and it's normal. It should not be skin off your back.

Round-Up

It's interesting to look into and you could model any plan you like, you might want to remove 50% of your tokens every time something does a 3x in price or whatever you like really. The above is just something that popped out of my head.

I do play with meme tokens personally and there is 100% alot of opportunities to make life-changing sums of money depending on how much you gamble with. Doing something like this is very doable as well but the thing is it requires alot of time, alot of common sense, alot of discipline and a certain disregard for money. These are not hard traits to teach ourselves with discipline being the most important.

It's been interesting to write about this "Get Rich From Meme Tokens" guide but it's more for entertainment purposes and fun to look at. There are alot of people out there every day becoming millionaires from meme tokens but as I said before, they will soon be broke again when they dont sell, this is where common sense comes in 🤣.

What do you think about this meme token madness that is happening?

Good? Bad? Dont care?

Let me know in the comments below.

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Token Name	Main Account	Link to hive-engine
SPI token	@spinvest	SPI
LBI token	@lbi-token	LBI
Top XV token	@spinvest	XV
Eddie Earners	@eddie-earner	EDS
EDS miners	@eddie-earner	EDSM
EDS mini miners	@eddie-earner	EDSMM
DAB	@dailydab	DAB
DBOND	@dailydab	DBOND

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