How To Find And Invest In The Next Big Meme Coin: Insights From A Crypto Analyst

Key Points:

• Miles Deutscher’s Twitter thread provides valuable insights on investing in meme coins, emphasizing the need for caution and a gambling mindset, while identifying ways to tip the odds in your favor.

Miles Deutscher’s Twitter thread on meme coin investing is a must-read for those interested in high returns. He advises caution and a gambling mindset, but you may find the next big coin with the right strategy.

Miles Deutscher’s Twitter thread on how to find meme coin gems and trade them for high returns has attracted significant attention in the crypto community.

This is known in economics as the “Castle-in-the-Air Theory”, (popularised by economist John Maynard Keynes), whereby ‘investors try to build a sort of castles in the air and think of the probable price rise in the future than estimating the intrinsic values’.

Miles Deutscher wrote

In the thread, he covers the basics of meme coin investing, finding and researching strong meme coins, the best meme coin buying strategy, and how to know when to take profits.

Deutscher acknowledges that investing in meme coins is a gamble since those coins have fewer fundamental drivers than typical investments. As such, the investment should be approached cautiously and treated as a gamble, much like games at a casino. Deutscher reminds readers that, like the house in a casino, the L1s such as Ethereum + exchanges always win.

Despite the risks, there are ways to tip the odds in your favor when investing in meme coins. Deutscher suggests monitoring which coins perform well, verifying that the token has a strong culture, researching the fundamentals, and following the smart money.

When buying and taking profits, Deutscher recommends treating it like a casino. He advises only trading meme coins on a separate on-chain wallet, using technical analysis to help get entries, and taking your initial entry out after a 2x. For those more willing to take risks, he suggests laddering out a predetermined percentage per additional 100% gains.

Deutscher cautions that meme coins can generate significant profits quickly, but investors must be careful to utilize that money to improve their lives. He recommends not roundtripping profits and reducing risk when top signs appear, such as 24h trading volume flipping market cap, lower highs being formed on a higher timeframe, number of holders decreasing, holder growth significantly slowing, large whales starting to sell, and funding rates shifting from negative to positive.

If you’re interested in investing in meme coins, it’s essential to approach it with a gambling mindset and to conduct thorough research before investing. With the right strategy, you may be able to find and invest in the next big meme coin that could change your life.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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