Bitcoin Forum

Serious question.

You can make many money with them or not, I see them like lottery.

No, and it's why I don't. I only play the market with coins/projects I believe in that way even if an entry point for a quick flip doesn't immediately pan out I sleep well holding until I can sell. Up nearly 500% this month and all of my investments are still long term holds.

I think it's better to spend more time and invest in solid project. I usually dump bad coins early to minimize risk and sometimes the price gets really high :( I really don't understand why some shitcoins are so hyped/expensive...

When you put it that way, all coins are like the lottery. There's no guarantee that just because a coin has tech behind it that it'll do well - take Ethereum for example. A lot of people thought it was a scam in the beginning but now it's doing really well. The same could be said for the reverse.

Define shitcoin.  Seems like many have different definition.

I have many that I consider solid projects but because they are new, some call them shitcoin.

I believe in my choice and ability...being human I also expect mistakes.  Having accepted that fact and having a realistic expectation, I sleep well at night.  

I am still smiling even when my portfolio took a 20% dip recently...which it regained in less than 13 hours and then some.  I think it is all about attitude.

if you see it like that then all coins have different fate. No one can guarantee that a coin can grow or die it will be always depend on the market. For me it's better to invest on project worth investing on. But still I'm holding at @Viberate its staying strong and the community is getting bigger and bigger. You can try investing now while the price are low.

Easy profit. Take TRON for example(not saying it's shit) a coin goes 100x within a week, for some reason that I'm still not sure, don't you think people are going to get hyped about it. Who won't like the idea of making your money 100 times.

I don't sleep but i shit well  :-\

If you make long term investment you can sleep quite well i suppose

Yes you can make money with that shit ;D but unfortunately you cant sleep well
Like I did with ethereum blue I invested and then the price increasing, and off course I sold mine
Sometimes shit token / coin can turn into solid project, who knows cause everything can happen in crypto world

I think yes, investing shit coins is a nightmare but I think it's just a part of success. Recently, I tagged Oyster PRL as shit coin because it's almost had no value or as low as $0.005 but suddenly it pumped after a couple of months so, now from shit coin to pearl coin.

I invested Oyster Pearl PRL last a couple of months and I'm thinking I'm just gonna bury it and try to check every other month but when it started to pump I could even go to sleep earlier than I used to be.
What happened is that I can't sleep well if you're having good coins.

First you need to know ehat shit coin mean ? If the coin back by real developer and real project its not shit coin in my opinion. And it only need time to sky rocket. Look at dent and other coin which claimed to be shitcoin and now in the bullish mode.thousand and thousand percent in return for early investor.

Yup and now it's the time for them to shine. Cryptopia and Yobit has lot of shitcoins and they are blowing up and I did make money in some like XIOS.

Those shticoins will also give you profit but be aware always that anytime you may lose. Dont ride if you dont know how to exit. Unless you are being wise in investing this shitcoins.

potentially you can double your coins or more, but you need to check them everyday and wait for someone else to buy in. At some point the dev will simply dump it and run, then word will get out and you will be left holding the proverbial bag

To do this, it is necessary that the combination of circumstances is favorable and, of course, luck. It is very dangerous to invest in shitkoins, realizing that these coins will never be able to break a certain limit, so that only desperate people can do it.

Shitcoins appear almost every minute. On shitcoins there is a demand, however small. People are afraid to invest big money in large coins, in this case for them is a great way to try your luck.

I don't tend to sleep well invested in many coins, as someone who likes to day trade I'm always open to the risks of volatility and the impacts of negative news. My nights sleep tends to be broken up by a few alarms to wake up and check the market it still going the way I want it to.

Those are just some kind of gamble and not at all an investment because there is no fundamental value attached to those shitcoins and everything is derived from the hype of the project nothing more than that. But high risk speculated things have good return rates so people do forget about the fact.

Nice, when you invested in many coins you cant really sleep well. Your funds is their during trading it might lose once you left behind. Yes this is why needs to observe the market and always be updated.

I sleep good. I do my own research before investing. For something that you see as shitcoin I see it like a good opportunity.
But I'm sometimes lazy to research and just throw a little money and see what happens.

Sometimes looking at charts is more dangerous, than put take profits and go sleep) the most recent situation with lowcap shitcoins - when they dont rise normally, but shoot up and immediately go down. So, if you dont put take-profits, it could be hard to get out in time.

I don't see what the issue is with investing in shitcoins, because some of them will end up making it. More importantly, besides that why should you feel bad for making money and being smart while somebody else was not being so? If that is the case then you should quit trading because it is a zero sum game, somebody somewhere is getting pinched a little bit.

I've been known to lose 30% or more of an investment in a 24 hour period and still have no problems sleeping. I have just learned that all you have to do is wait it out and it will rebound. I can however see how some people have issues with this.

Yes investing in shitcoins is like a lottery and you cannot earn money from it. You will just lost everything you invested on. But this will be prevented if we will choose a coins that has the potential to burst and not those shitcoins.

I do take some profits in "shitcoin" by day trading but there will be no reason for me to invest on it.

Also shitcoit can be subjective to others it can be a shitcoin but to some it can be a good coin.

What are the the altcoins you consider shitcoins? You should have listed them. So that we can discuss them here one by one. What are your criteria for considering them shitcoins. You should have enlightened us on those shitcoins and help us to do away with shitcoins. Maybe you are mistaken on some of those you consider as shitcoins.  I am sure there are equally bright and smart like you who knows more about those shitcoins you are talking about.

I think not, the development of these coins is not so good and tend to be no good response at all. Therefore it is difficult enough if invested in coins.

Although many traders and investors are making money with what they call shit coins, they are still making you money.  But it is to warned you too that investing in shit coins means one day you get lose. You might not know that the pump and dump will only make you realize one day when you lose everything in one snap because you are already trapped in their game. So don't get too involved buying shit coins.

I sleep well if I invest in small/shit alt coins because I know what risk diversification is. I do not invest in such coins more than 10% of my capital. And I am pretty confident that my portfolio will bring me a good profit at the end of the year.

I invest them very little amount so if I lose them, I don't feel bad. So I suggest to you that, you mustn't do big investment to the shitcoin, they can do big falling.

Even in these shit coins you can make a good profit if you react quickly. But still ,in this crypto world everything can change so you may be happy with decision selling but some of shitcoins turn out to be good projects after quite time.

I never invested in shitcoins. Because i don't believe in shitcoins and i am afraid to invest in this coins. I always invested on coins that are popular.

Lol i really laughed after reading your thread title, i think every crypto investor is a risk taker, sometimes the investment performs well sometimes not, you are mostly investing in an idea when ever you buy a coin and that idea may not come out well, for example i invested in a project called Numeraire that i thought was a huge quality project, the hype initially was huge as well, i bought that at high price and then it was dumped and never came back, the project and ceo of the project lacks updates that is hurting the project, im still holding them for more than 6 months and just waiting for a new uptrend but it is just testing my patience since 6 months. Lets see when it will be back.

Lol once you are readyto invest in a shit coin then you are ready to lose your investment and you should have no problem of sleeping...but why Invest in something that is you see as a shitcoin in the first place???

There is no risk to be considered here as you know your money is already gone by investing in a shitcoin!

I, too, do not understand people who believe in such coins like the throne or doge. It's not even a lottery, but rather crazy. Just when you really want to thrill and have nowhere to invest, you probably decide on this.

There are enough interesting low cap projects - no need to invest in real shitcoins unless you have a reason to anticipate a pump.

Yes i still sleep well when i'm investing in Shitcoins because i only invest a few money in it and i can efford to lose them without getting any troubles. I think if you're realizing that you're investing in shitcoin so you have to accept that you're facing with a huge risk and the only way to deal with huge risk is low invest.

It's not totally shit coin it may not have proper value or the value of the coins may be zero today but when it gat it sell day it might be higher than any other coins. Many people. Invest on them because they see its future, I mean they can feel its capacities that it will be a great coin soon...

Yeah I am sleeping well, because I manage my time quite well!!

I have never invested in shitcoins because it is except my conviction. I only search and invest in promising altcoins with a promising future. So many nice projects in crypto-world. I am sleeping well all the time.

No harm in using a small amount of money *like 5 percent of your bankroll) to invest in super high risk low marketcap coins.

It depend on what shit coin you refer to. Many good coin out there but people still calling it shitcoin and if i see the coin is really shit or worthless i will never investing on it. Coin with the real project is not shitcoin but still have a chance to fail if the project fail the coin will goes worthless thats why you have to deviraify your investment.

No - I swear I am getting up more often and peeing more often during the night.

Maybe I should see a doc...

What is the point of crying over spilt milk? We cannot undo our past so let bygones be bygones. It is good that you don’t feel bad over your doings. As far as you are learning something, messing up is pretty much okay. But falling down of any crypto coin is a usual thing so there is no need to become depressed due to this. If you invest in bitcoin, Ethereum, Litecoin, neo or ETC, there is no way of losing money.

They are definitely a lottery and people are still putting their chance on their luck. Some shitcoins have paid us well and the dev team has proved their existence even after being a shitcoin for a long time.

Won't say I haven't invested in some couple of shit coins, which I have learned my lesson. But I did and do sleep well, won't let FUD get to me that easily.

Don't invest in absolute shitcoins, invest in lowly hyped coins with good projects behind them, ie BPT,

medium term hodl's are fine for sleeping well

i sleep very well!

dont take advice from others on a whim just because they said "this is the next big thing for 2018"
if we do our own research before investing an any coin we will sleep well.

when you invest in crypto you should only put in what you are willing to loose because anything can happen
and your favourite coin investment can be overtaken by a newer and similar one.

try and be prepared by keeping up to date with what is going on and you will sleep easier.

I did invest in shitcoins before it makes me lose. Much better to invest those worthy coins in shitcoin we dont know its project. Always invest that can benefited you all about and can give you profit with a good sleep.

I am a good thinker so I rarely sleep well. When investing in them, I worry more. Do not know how the bitcoin market will change? How to recover the fastest way. I will change the way of life, less thinking to have good sleep.

I trade some shitcoins as we call it. But only for short trades. I've earned a few hundred dollars trading them. Just don't keep them for so long. I prefer investing on legit ICOs with promising projects. Money is important we should put them where we could earn and benefit.

Yes they are totally lottery I agree but, most shit coins are able to stay stable in a crash and I don't think people invest in those coins big amounts like $100K, people invest little amounts in them.

Yes I do.

Howerver I get used to often opening Blockfolio app just for fun, as do not pretend to sell or buy more in most of those times I open this shit.

I do recommend you to sell part of your portfolio it its annoying your sleep. It just does not worth man.

I have two babies. Where I invest doesn't affect my sleep. The small rascals does.  :D

That tron is definately a shitcoin with no working prototype, weak team, ripped off whitepaper etc. Instead of all these drawbacks tron still scores in one area which is shilling. Yes! The founder is famous for shilling the tron by posting about only partnership related tweets other than their development.

Of course I do, it is money I can risk, after all.

You, OP, on the other hand, have probably far greater threats on your future, judging by your nick.

I sleep good because I only invest money in shitcoin which I can lose so no problem with that

I strongly believe that no reasonable human being will invest his or her money in a shitcoins if he is fully aware that the coins are shitcoins. And after investment you find out that it was actually shitcoins that you invested your money you have no option than to face the music and as for me, I will sleep well and learn a hard lesson from my mistake for not doing enough research before investing those coins.   

people like you seeing them like the lottery are the same reason the market goes through such rapid swings and the worst of the worst coins like bitconnect become multibillion dollar scams. People don't spend the time to look at the projects and find the real quality ones that are actually innovative. Most of those are at much lower market caps because they are actually making improvements and not just spending all day advertising and making false promises. Spend some time, get an understanding of the blockchain and it will be clear as day what projects are worth buying and what projects to stay away from.

So to answer your questions I sleep like a baby on all my shitcoins.

the questions is, why you invest in shitcoins ?
if you know thats shitcoins you should stay away and don't make any investments

Yes you are right, it is nothing more than the lottery. For this reason I never invested in any, and never will, because odds are against you that you will make money. It is so easy to make money by trading established crypto-currencies, why the hell should I get a bad moment with shitcoins ?

Shitcoins are the junk altcoin developed by the team in order to push prices to a large profit and then disappear. Few shitcoins exist long after the market because most of them have no long-term development orientation and plan. I think investors should focus on long-term projects to invest, ignore the shitcoins because it does not bring sustainable value to you.

Don't invest on shitcoin , i have try investing one of them it's just dumping i lost a lot of money on it, but lesson learn first analyze the coin before investing  on it , Some shitcoin really make you a lot of money but don't push your luck on it, because it may be the reason you will lose a lot of money.

there are to many variables at play to do that. investing in crypto's is pretty risky in itself but investing in known shitcoins is just more gambling. i at least like to have a good chance to make some money.

The investor/trader should be calm. To be calm you should invest not in shitcoins but in promising projects. There are much more chances are that normal coins will bring you profit. Invest correctly and sleep peacefully  :D

We do not really know what is the outcome of the coin because crypto behavior seems to be unpredictable. That is why many coins are being created and others have really has  a low value calling them shitcoins. But for me, I still believe that we can make still make profit from it even how small it is.

Its hard the sleep well if you are new into the market and it is also hard if you invested in multiple scam coins that are very risky. If you are longer in the market it is easier to realx because you already saw that the most coins are going to recover after the bear has gone.

Better invest in altcoins that you believe in, doing researches about it and reading every detail in their whitepaper rather than investing unto something that you dont have any knowledge about.

Yep I can sleep well while investing in shitcoin but I only invest like 5% of my portfolio in shitcoin since it is high risk high reward investment but I think most of the time, it worth the investment.

I also think that many of them like lottery. If you make the right choice, of course you can get really good profits. In my opinion, to make good choices, you should follow the good team's works and the news about the new coins.

I sleep good because I use service 3Commas, where I make stop loss and smart sell orders for all my coins in portfolio.

The lottery part is a bit true especially when you invest on an ICO that doesn't have much support from the community and didn't raised a good amount of fund to develop the platform so in that regards you're only hope is the team if they can execute the project very well.

Yes you can make money with them but its all about the research and finding the shitcoin with potential and solid team(those do exist).As about sleeping i can sleep well only because i buy them for long run and never check their price untill i get the notification that they price went way up

dude what sleeping!? I am almost suffering insomnia, stay late at night. Woke up every two-three hours....thinking about my money/invested one in crypto. Check often crypto wallets, check prices when in the bed. Wish another rocket for btc just to sell my positions and leave it forever.

Even investing in solid coins is not working, my own portfolio is like 70-80% down and everything seems like shit at the moment, i do not know how much time recovery will take but i believe that everything will be back stronger than ever.

I wouldn't heavily invested in low quality low marketcap coins. While it's high risk high reward system it doesn't beneficial for big investors to put their money into them.

When i started in the crypto i used to be anxious about buying shitcoins with growth expectations, the belief of a possible reversal in values was my motivation in my investments. Today after learning a lot and continuing to study the selection of currencies became more rigorous for me, in short, i do not have this concern anymore.

Yes, I sleep well, because I always invest not more than 1% of my total portfolio in shitcoins. And treat them like gambling.

Whole crypto is a lottery and thrash coins are even more, but look at them more nice, they have pumps like 100% or even you can find some that will pump in one day for 500/800% so this investment is so profitable and you don't have to risk thousands on them.

When you invest in shitcoins, forget about good sleep. When I invested in Liza it was stressful, cause price was falling like 60%. Such a stress! Now I realised, that I am stupid to make decisions like that, so no more shitcoins

It is easy to invest in shitcoins, you just have to do your research.

Choose coins with great devs, a fresh idea, and not a huge ICO that seems scammy. You need to look for a team that shows their face and has their names and even LinkedIn profiles on their site. A clear roadmap is also important.

There are many shit coins on the market, we have to research a lot before investing in cryptos. Otherwise, you will end up not making any money because shitcoin will become zero value in days.

Shitcoins are also needed for short-term prospects, someone has such a strategy on the pump to go out. The main thing is to do everything differently, but now I'll add a few more to the list of shitkoins.

To invest in the illiquid assets is not a things for every one and you need to have the mind of the investors before you can really make money. I don't invest mush in shitcoins and I only buy two time during ico but what I do often is swing trade and I do this in other to actually reduce my risk.