Why you've only lost money with memecoins so far and how to change it

Lately, I've been reading a lot of stories on Reddit from people who have lost a lot of money on memecoins. They even believe that it is almost impossible to make money in this field. Stories of bad projects and scams, but also of actually good projects that still didn't work out due to "unfortunate coincidences".

I too have often been in the situation where I was convinced that I had found the one project that would finally make me rich, only to realize that I was way too late to a party that was only based on fake hype and lies. In hindsight, it always feels like it was just bad luck, like the one whale who sold too early caused everything to go down the drain. Or that the team started marketing a week too early or too late. Or that the community wasn't active enough.

Today I want to explain to you why you've only made losses with memecoins so far and how you can find the one coin you've been looking for all this time. Because it's not a game of chance, you just have to know what to look out for.

1) Even with memecoins there is no quick money

If you think you're going to invest in a project today and drive a Lambo to work next week, you should quickly abandon this hope. Of course, there are projects that make 50x or 100x within a few days of launch and if you had bought here at the beginning, you would have become a millionaire with €1,000. But these are not the projects we are looking for, because hundreds of these projects are launched every day and only a fraction of them achieve this kind of development. This type of investment is nothing more than gambling. We are looking for projects like SHIB, PEPE or WIF - projects that establish a solid holder base over a long period of time and only really take off after several weeks.

2) Trust in the team is the most important foundation

If the community does not trust the team, the project cannot succeed. Not a single project only goes up, it is simply part of the nature of crypto that there are also red days. And as soon as the price of a coin drops, investors start to become insecure, get scared, start to ask questions in the chat and keep pointing out mistakes. It takes a lot of courage to stick with a project where your investment is 50%, 60%, 70% in the red. In these times, the only certainty you have is the community's trust in the team and the shared belief that things will go in the other direction again. Of course, you can never be 100% sure that the team is trustworthy, but there are a few facts you can use as a guide. For example, a doxxed dev with previous successful projects is a good indication. The same goes for locked liquidity and locked team tokens. KYC and successful listings on well-known CEXs are also good guarantees. All these things are not only security for yourself, but also increase the likelihood that the community will not lose hope during red days.

3) The community must have a common goal and grow together

Of course, at the end of the day, everyone has the same goal: to become rich with the investment. But there needs to be a more concrete goal, a narrative. For example, to become the first cat token to reach the $1 billion market cap. These common goals weld people together and lead to the community becoming creative on its own initiative in order to achieve this goal. Joint raids, funny memes and community giveaways. These are the things that differentiate good coins from bad coins and they must be intrinsically motivated by the community. The project has to be fun and it will only be fun if not everyone just stares at the chart every day, but contributes to the project.

If you want to see an example of a project where all these points apply, take a look at KittenWifHat on Solana. In my opinion, they have done everything right so far and other projects should take a leaf out of their book.

I really hope that you will all find your project and don't give up hope.