When the traditional markets have been struggling, Dubai has been quietly capitalizing on a new market that could be one of the most exciting over the coming decades.
No, it’s not Bitcoin. It’s Memechain.
Memechain is what people are calling a “meme stock exchange”. And if you’ve ever made a reference to Socrates or BustedTees in conversation with someone who doesn’t spend much time online, you probably already know all about it.
Here’s how it works:
An individual takes an internet meme and monetizes it by creating a company around it. For example, let’s say that I want to create something called “CaptionedPic”. CaptionedPic would simply change those annoying captions that appear on Facebook, Tumblr, Twitter and any other site which displays pictures into a means of creating new memes.
I would then create CaptionedPic as a company and use my background in computer engineering to code it up. Then, I will put the stock for CaptionedPic on the Dubai exchange at an initial investment price of $0.10 per share.
It is important to note that you must have at least one share of the meme stock to make memes using that particular meme. If someone wants to make a “BurningGuy” meme or whatever and doesn’t own at least one share of that meme’s stock, they will be unable to do so since BurningGuy is their intellectual property. However, if you do own at least one share, you are free to make as many “BurningGuy” memes as you please.
Do you want to earn an income but lack the skills and knowledge necessary for a high-paying job in the tech industry? Do you like memes? Do you like making a profit? Well, then I have good news for you! The world is your oyster and also your wallet.
Getting Started:
At first, starting as a meme trader may seem difficult; what do I buy, how much do I buy of each, etc. There is no rigid answer to these questions; it’s all based on personal preference and interests. But rest assured, knowing that there IS a proper way to begin investing in the market! Let this article be your complete guide through the chaotic world of meme trading!
Before investing any money (or “MEME-ney”), the first thing you will need to do is to open an account with a Meme Brokerage in Dubai, like Saxo.
Once you have signed up, it’s time to think about what kind of meme trader you want to be. It is an essential step because depending on what type of trader you want to determine which memes are best suited for your portfolio! You can choose from two types of traders.
Day trader or a swing trader?
A day-trader will buy memes during the day and sell them again at night. A swing-trader will try to catch momentum shifts based on daily news events that may affect meme prices. Both approaches have their pitfalls, but if done effectively, either one can make you very wealthy! It’s also good practice to stick with one approach until gaining more knowledge to not spread oneself too thin over several markets.
Popular Meme Stocks
Ready to invest your MEME-ney in some excellent stocks? Great! Now you need a solid strategy to base your purchases on, and lucky for you, I’ve put together a list of memes that are suitable investments for 2021! Here’s the list, organized from lowest risk/highest return potential to highest risk/lowest return potential. Here is a list of meme stocks..
1) Lennys Grill
2) Sudden Clarity Clarence
3) Mr Clean
4) Rocko
5) Rape Rod
6) Harambe
7) Grumpy Cat
8) Doge
Stock returns are calculated on percentages based on how much they’ve increased (or decreased) since the initial purchase of the stock.
A meme trader with knowledge of this list would buy one share of Lenny’s Grill at market price (~12 MEME-ney), five shares of Sudden Clarity Clarence at market price (~40 MEME-ney), two shares of Mr Clean at market price (~8 MEME-ney), and one share of Bill Nye the Science Guy at market price (~7 MEME-ney).
