In an exclusive interview on Cryptonews Podcast, host Matt Zahab chatted with SlumDOGE Millionaire, the face of the NEIRO meme coin and the man who famously became a DOGE millionaire.
SlumDOGE told us how he earned millions through meme coins and why he decided not to sell all that DOGE.
He discussed what to keep an eye on to earn money on meme coins ourselves, and which coins could be a good opportunity.
How to Become a Millionaire
SlumDOGE got his first “big boy salary corporate job” in 2018 in the hip-hop industry.
Being able to save up, he googled ‘how to become a millionaire’ and decided that investing was the next step.
After researching and discovering Robinhood, his first investment was in Tesla in 2019. It was also his “first big win.”
He turned $30,000 into $200,000.
Importantly, he was investing responsibly. He’d make sure all his monthly expenses were covered, investing only the additional money he’d otherwise spend on leisure.
He went on to invest in GameStop and other meme stocks – but he lost money there.
It was January 2021 when SlumDOGE discovered crypto.
However, the prices of Bitcoin and Ethereum were daunting, and there was too much to learn before making an investment there.
But the only other coin available on Robinhood at the time was Dogecoin. It was ridiculously cheap, and SlumDOGE turned $40 into $300 overnight.
This led him to further research, aiming not to miss the next big jump. In preparation for it, he sold all of his stocks, including Tesla, Facebook, and Apple.
“I just sell out of everything completely and go all in on Dogecoin,” he added.
He said as much in his YouTube video, stating that he felt he could become a millionaire with DOGE.
Sixty-nine days later, his whopping $180,000 investment turned into $3 million.
“And it’s funny. Looking back at it, I was so naive to a lot of things, learning everything for the first time, I was wrong about a lot of things, but I had this gut feeling that […] the frustration from meme stocks was going to transfer into meme coins, and Dogecoin was going to be the next one up.”
Why He Didn’t Sell
At this point, the trader had become a millionaire – and yet, he did not sell. Undoubtedly, many people in his position would.
“I’ve learned about transparency, bro,” SlumDOGE told Matt. “I’ve learned that it could be your greatest asset and your greatest downfall at the same time.”
In the entire rags-to-riches story, he said he didn’t calculate in one major factor: popularity.
He kept people updated about the turbulent journey, and then his post about becoming a millionaire went viral.
Major news agencies began reaching out for an interview. “CNN, CNBC, MSNBC, Business Insider, Newsweek, you name it.”
But he was anonymous and was worried he’d get doxed. Instead, he doxed himself. He revealed his identity in what would become a viral CNN interview that would land the trader on the New York Times cover.
At that point, he had a hundred thousand YouTube subscribers who were waiting to see what he’d do next.
“I’m taking into account all these people that now I’m influencing in a way,” said the trader. “And if I tell [DOGE] is where the money is going to transfer to – how can I tell you I believe in this [and] then turn around and sell everything I have?”
“Morally, I had an issue with that,” he continued. “And obviously, in retrospect, I should have sold. But at the time I felt like I had a moral obligation and a responsibility to not sell everything I had in Dogecoin while I’m sitting here telling people that it’s the future.”
Dogecoin and Neiro: The Same Family
SlumDOGE corrected a misconception: he found NEIRO, not created it.
He discovered it as his next project to get involved in, becoming the face of the novel coin, but had nothing to do with its launch.
At the time he discovered it, three Neiros were engaged in a battle, and Neiro on Ethereum seemed to him like “the clear winner.”
After reaching out to the team and having several conversations, SlumDOGE became an ambassador for Neiro.
The project’s narrative is perfect, he said. It’s clear and strong.
In the real world, following the death of the famous Shiba Inu Kabosu—the dog behind the Dogecoin—his family adopted another Shiba Inu, Neiro.
“So we’re talking about the same family here,” said SlumDOGE.
And it’s not even a question if NEIRO will do well, but how well and when, he argued. “I believe that this could really take off and go to the billions.”
How to Find the Right Meme Coin
People underestimate the amount of time and research they need to do if they want to find the next big meme coin, said SlumDOGE.
It is not random. “I breathe Crypto Twitter,” he said.
The trader doesn’t invest in smaller-cap coins or those that are not well-established. At the time of his investment, DOGE had been around for years and had a $5 billion market cap.
Furthermore, he doesn’t invest in numerous coins at once. For example, he will put $300,000 into 3 – not 300 – meme coins.
“And which ones am I going to pick? I’m going to pick the ones that are clearly on the road to a billion,” said SlumDOGE.
Some of those that could go to $10 billion include NEIRO, Dogwifhat, Pepe, and Brett on Base, he remarked.
Another thing to keep in mind is that the crypto market has trends. You want to catch one of these waves early and ride it.
Keep an eye on the seasons, the trader advised. We had Ethereum, Solana, a brief one on Avalanche, and now it’s a Tron season.
“So if you’re around Crypto Twitter and you’re really putting in the hours, you’re going to see these trends pop up, and you’re going to have the ability to start investing in meme coins early on in these blockchains,” SlumDOGE said.
Things are likely to rotate back to Solana, Ethereum, and other blockchains that already have a) liquidity, b) users, and c) meme coins with market caps in the billions or hundreds of millions.
Lastly, there’s a misconception. SlumDOGE noted. “I can hold all my Brett and all my Bull on Tron and all my Neiro on Ethereum,” and it doesn’t take away liquidity from different blockchains.
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That’s not all.
In this interview, SlumDOGE also discussed:
trading responsibly: traditional stocks and meme stocks; NEIRO’s origin story and meteoric rise; an initial battle: Neiro on Solana vs Cabal Neiro vs Neiro on Ethereum; psychological pressure when buying popular, high-priced coins; meme coin branding.You can watch the full podcast episode here.
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About SlumDOGE Millionaire
SlumDOGE Millionaire has recently become the face of the novel NEIRO meme coin.
He gained public recognition after he turned roughly $180,000 into over $3 million in DOGE, a story chronicled in the documentary ‘This Not Financial Advice’ and featured on Apple TV, Amazon Video, and other streaming services.
SlumDOGE Millionaire’s story has been covered by the likes of CNBC, MSNBC, Business Insider, and The New York Times.
It was also featured in the ABC Australia documentary ‘Crypto Mania’, as well as CNBC’s mini-doc ‘How I Became An Overnight Dogecoin Millionaire’.
The post SlumDOGE Millionaire on How to Invest to Earn Big, Finding Winning Meme Coins, NEIRO, and Turning $180K into $3M in DOGE | Ep. 366 appeared first on Cryptonews.
