thecryptobasic.com
The hunt for the often elusive promise of quick riches remains one of the primary drivers of crypto market interest.
There is perhaps no stronger evidence for this than the meme coin gambling craze that dominated 2024. With the turn of the new year, Murad Mahmudov, a crypto personality who has risen to prominence, perhaps ironically for his involvement with meme coins, has called for a more thoughtful approach to crypto investment.
How to Flip $10K, According to Murad
At the end of 2024, Murad Mahmudov offered insights to investors looking to make lots of money in the crypto market without losing all their capital in the process. His advice as a champion of the meme coin supercycle? Stay away from gambling!
In an X post, he argued that the surest way to turn a $10,000 capital into $1 million was picking one to three high-conviction bets and waiting for a year. He stressed that gambling on multiple plays was a fast track to zero.
The recent call is a little ironic considering his focus on meme coins, which are innately considered gambles as they typically offer no utility and largely favor only early investors.
While some of his calls, like SPX6900 and Gigachad, have enjoyed some success, it is worth noting that he has also faced accusations of using his influence to pump coins he had already invested in instead of having any real edge in the market.
Regardless of these concerns, his recent call for a more thoughtful approach to crypto investment has received significant support from his nearly 600,000 followers, most of whom have used the opportunity to shill their bags.