Bitcoin Forum

Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:
https://i.ibb.co/px4rmLg/2.jpg (https://ibb.co/KXVz1rY)
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc

I think that now a very large number of stablecoins is being created. This will lead to the pumping of coins from the TOP 50, and their further sale at an inflated price.

Sure,there are projects which are bringing something new (these Iam not calling shitcoins),but you have here ton (something around 2000) of coins which are copycats of each other like ton of privacy coins.

What do stable coins have to do with pumping coins in the top 50? I don't see the corolation.

shitcoin will only fool many people, no one can be lucky. so be sure to choose new coins that are potentially and more selective than choosing shitcoin because it makes a loss.

High risk with small money, Low risk with big money. Take a low risk even if you are investing in Shitcoin.

I am pretty sure that op did not mean by shitcoins coins like NEO, ETH AND TRON those are for sure are not shitcoins, but I still not agree with OP 100% because I know some people got crazy rich by holding shitcoins, but still holding shitcoins should not be an investment but a try your luck thing it may hit 1 time but for sure will miss the other 99.

Yea I was ready to tell nearly the same. This snapshot was made somewhere between the times and really is not the best example. Weak competitors of BTC mostly.

I disagree, even though not all but the fact that some of them can be diamonds, because I have proven it. This is also to be the main reason why I am still collecting shitcoin until now, even though this is very risky but for me this is a pleasant investment. There is a few thing you should know if you want to invest in shitcoin. Don't ever buy it if you don't have more money, and don't expect too much. Just buy, hold, and forget it.

What this photo presents is not "shitcoins". Many coins that are not in this picture were then "shitcoins", and now they are in the top50. Dogecoin, for example.
Certainly many coins will disappear, but if you have to sell something now for $5, it's better to hold it and maybe someday you will sell it for $5000 or you will lose only $5.

so what did he mean by posting a screenshot with top-15 cryptocurrencies? obviously he means every coin except bitcoin is a shitcoin, which is typical notion of btc maximalist. is he right? hell no

Well, I am also holding some currencies, currently there are more than 52 crypto currencies including BTC and ETH in my holdings. Your prediction may be right but according to your logic I am not agree with you. I also understand that with massive advancement there will be some things that will be out of the picture.

As I look at in the given example I can't see any of this coins is performing well and it's been replaced with another one if we look at in the current state of coinmarketcap, I've been holding a lot of tokens nowadays due to market condition, maybe I would be sorry but next coming months.

They can be used for short-term speculation and not adhere to the strategy "hodl". They give more profit and if you do not own a large amount of money, then it is worth risking and investing in Shitcoin.

I have some altcoins and it include good coins like ethereum, I have some other alts too but those are like my trashes which I dont consider to pump soon.

Luckily some altcoins made a lot of people rich during the all time high. Those people that decided correctly to sell and didnt triggered greediness.

Out of that Image i do only recognize Rank 1 and 2. BTC and LTC and the rest i dont know whats the situation of those projects.We do compare the ranking as
of this moment and to the image above. We have seen that most of them failed and even the current ones would still have the tendency to to rank down and would be replaced by newer
ones.For the question on holding shitcoins will make you rich then theres a possibility but the odds would really be like betting on a lottery.

I am sorry to admit that this comparison is just nonsense... An evolution has taking place and nowadays we are in a completely different scenario, that the one we had for example a year ago. Anyway.. selling your shitcoins at 99%lost wont make you richer, but if there is a small dump of one of them, maybe you can recover some $!

Is not all shitcoins as you call them are entirely useless. Some of them will still turn out well in the long run. Thid bear market really affected lots of coins even the good ones.

This was "Before Ethereum"

now is "After Ethereum"


https://ibb.co/8r0PpJ6

In fact, that's what matters to be considered.

You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.

Take a big risk if you want to win big, you should take small risk if you want to win small.

high risk will always come with high profit,,
if you want to win big, just don't be greedy and do not even think to invest or buy a shitcoins,,
shitcoins will be gone from the market,, wich mean you will lose all your money too

Can anyone here admit to buying and hodling BBQcoin  ;D Fortunately i am not an investor in that but sadly i do hold some shitcoins in my portfolio. I don't think it does any harm to hold a small portion just to keep your portfolio interesting

Thanks for this picture. There are a lot of  thoughts now about the future of most of the crypto)

We need to be very careful when investing because without taking risks it is impossible to make money. We need to check twice before buying any coin in the market because at least we need to find some potential active developments from the team. Without progress development from the team, it is completely waste by buying those coins.

The fact that those shitcoins are not here anymore does not mean that it cannot be a profitable trade. I made profitable trades with utter shitcoins, it is just about knowing when to exit.

if we want to make money when bull  run starts we should avoid investing in shitcoins and search for potential coins so we can make good profits soon

Absolutely right mate,like ethereum whos to be considered as shitcoin but stayed long in top 2 cryptocurrency,and just been recently being overthrown by ripple which had already made many people richer..
Shitcoin doesn’t good for long term holding but it can be good for short term

And besides only whales becomes richer from bitcoin because of the huge value and slow moving

Well it depends on the coin that you hold,
Sometimes even the low valued coins could pump hard so we never know what could happen .
There are some low valued coins that manage to survive and get pump so it may not make you rich but it could give you profit.

The subtle difference is that 2019-2016 all the altcoins were dumb copy+paste shitcoins and Bitcoin was king.
Since 2017 bitcoin is the shitcoin and the rest of the top 20 are objectively better. Some coins like Waves and Steem outside of top 20 are also better.
This time some alts are here to stay.

Of course, to date, earnings in the cryptocurrency business have declined substantially, but all users who invested in cryptocurrency until 2017 really remained richer in existence.

Spot on. You can tell by the sheer amount of effort that when into naming what kind of "coin" they are. Most cryptos that are not BTC forks now (or posturing as one) are more geared towards scalability and interoperability rather than dethroning the king. It's been quite a long time since I've heard anything called a "BTC killer" or even ETH killer.

IMHO most of this "shitcoins" were great, have super IDEA - not just another ERC 20 utility token. 

investing in shitcoins so risky it will not survive longer, but I believe there are only few people who rich from shitcoins these are early investors.

Worthless coin will never make you rich or wealthy and those are the ones where the investors lose huge losses and only owners of the coin will make money and exit he market. Rest of them just lose their money and think that crypto currency is bad or create false rumours.

Exactly. In January, there were a lot of pumps of all kinds of shitcoins. I make some money. The difficulty was that the exchange did not give me the opportunity to sell some of this shits on high. This may not be suitable for long-term retention, but they are very good for short-term trading in good time, because it makes 10X very easy.

it is necessary to choose high-quality projects for investment and there will be no problems. Now there are a lot of junk coins that will simply crowd out the market in the future.

I agree with what you say and I am sure that many shitcoins can also disappear if the market fails to recover quickly; many ico improvised in 2018 that have collected little could end the funds and abandon the project.

Different speech instead for many Coins that have lost more than 90-95% of their value but who have all the potential, team, community and foundation to get up and resume the growth trend; these can be for example: Stellar, Eth, Iota, Neo, Monero, Cardano, Dash, VeChain, Qtum, Omg, Stratis, Zilliqa, Nano, and many others ..... with these coins if you know how to wait you can have enormous satisfactions in the next 3-5 years.

The most important thing in non-project coins is advertising. They trick the market with false news and make great price rise. As you say, We need to be very careful and take a risk. My advice is to stay away from these kind of coins.

I disagree - altcoins have better pumping potential than top 10 coins.
That said, they're also more likely to lose your money.
It really depends if the coin is actually a sleeper and how risk averse are you.

Well said, it is better to have few investments on a very good crypto rather than investing into pump and dump alts and coins,

Soon the Shitkoin eth will become  with such a situation and the lack of support and demand. So, any coin now risks losing among competitors and forks, if it stops for a moment with development.

Is this a joke? you can ask SEC which is the coin that can't be considered as security and they will say bitcoin is one of them. There are only two coins that can't be considered as security and it's ethereum. Other coin still remain security coin.

IMHO bounce in shitcoins will be higher, for some period of time they can make you more in btc. But hold them for 3-5 years imho is not a great idea. Better sell them when you have a great profit.

Those coins that are pumping 1000% within a day will surely go to the pit after it has reached that increase. I don't want to take big risk with these coins that has nowhere to go after it pump.

I'll better stay with bitcoin and other few related coins and take smaller risk with smaller gains but with a possible of a better chance to make money with those. As much as possible, I'm putting off my hands with those type of pump and dump coins.

and yet Even despite the poor state of the cryptocurrency market, I still prefer the aethyria and this coin never failed me. I think that the situation will change after the update of Constantinople and many users who have so far negatively expressed themselves about the ethereum will change their opinion.

I saw many coins as shits and very bad one years ago. Half of These shit coins are earned a lot of money to coin holders by pumpers,whales or coin owner. We are not in Bull trend. We are still in bear trend and we should accept this and sell shit coins.

I also hold a few shitcoins and it wasn't too much because at first I wasn't interested and only I tried to buy it and finally the value was lost. Until now I still hold it and still hope it will increase someday, even though it is impossible but I still believe anything can happen in the crypto market.

the fact that today the market has shown green color does not mean anything. Even in May 2018, ethereum had a price of 825 dollars, but today it is only 105 dollars. This level is below the baseboard.Although we should always hope for the best.

I totally agree with you. Shitcoins never make them rich. They just take your money. It is important to choose the best altcoin. For example QSP. Quantstamp will be one of the most important subcoins of this market. Consider this.

It is believed that shitcoins takes 98% of cryptocurrency and will tend to $0 until they will be eventually be delisted from exchanges. More policies and rules will come that will reduce this percentage, however,so most shitcoins will be flushed out with time. The space can never be free of shitcoins, some are sponsored with big fund to swindle the large population. Thats why, all coin except bitcoin should be held with exit strategy.

OP consider shitcoins everething except bitcoin so I guess you haven't understood him properly. I agree tho it's all about choosing the one that will moon. Also OP should say that to Ico participants of Stratis, Ethereum, Neo, Iota, Tron etc

Shitcoins never made someone rich. These are coins that cost nothing, so they quickly lose their value. Always pay attention to promising coins, because you do not risk losing all your money.

Those Dev has been richer as they sell their tokens at higher price before they run away and left those investors without a trace. Shitcoins are created to lure money from those newbie investors which they all they have are promises.

that's what being a risk to us in investing, we could lose all the money if we wrongly choose a coin. Therefore, we have to better define the project we are going to invest, because now the quality of the project not much good.

Of course, anything can be happen in crypto, but shitcoins that lost his value will be forgotten, because people will looking into new hot coin and stand in his side. People will think, rather than raising the forgotten coin, it's better to make a new coin that is more attractive.

It depends on what exactly you think about shitcoin, there are a very large number of coins that have a very small capitalization and whose reliability and price growth indicators are much better than bitcoin. For example, I invested in the ETA token a few weeks ago and during that time the price of this asset has doubled. In general, the Etheera project seems to me to be exactly the project that will be successful for me in a few months.

It might, you can't really say but it's very risky holding shitcoins. Even though shitcoins have no potential value or use some have seen their value on the open market rise dramatically from time to time, usually because of a pump and dump scheme. It's for short term not long term and Mostly pump and dump and at the end, they become worthless. It's just better and advisable one holds coins with potentials

due to the poor state of the cryptocurrency market, one has to observe the market trend very carefully. In any case, wealth is not discussed today, because at least it would be enough for what you earn.

in my opinion it's only 1:50 shitcoin which will provide benefits because shitcoin in my opinion can provide many benefits if there is group that does pump that causes all interested and after that there will be big dump

That is not the case here I think. The so-called shitcoins you are showing in your screenshot still got really "expensive" during the beginning of January. If you had bought any of them in the 2013-2014 timeframe, you would have made an easy 100x (or more profit) with many coins you are showing in the picture.

Though, liquidity can indeed become a problem when you want to sell your bags.

We may to know the right time to take off the boat, there's some coin that is pure especulation, without a solid project and ood development, those kind of coin will not have a bright future.

Even scrapcoins can be profitable,but on long term "hodling" you will on 99% lose on them that was my idea.

if you just know how to handle them, yes they are profitable in the short term scenario. trade them as fast as you can. those crap coins should be discarded fast, else, you will be left a bag holder. but the OP's photo - those coins are really not shitcoins. most shitcoins are at the bottom of that list though.

We have improved altcoins that have more usage than altcoins before so I don't consider them shitcoins. Shitcoins are those ICOs who does selfdrops. No real team , some of them have no website. Just looking at who handles the campaigns which have bad records could clearly tell its all shit. Top ten coins are worth trading.

absolutely right, holding shitcoin will be very risky and that is the same as we have to be 100% ready for what will happen. There are only two possibilities, toward the moon or even disappear.

This is usually will happen we will not make us rich for those shitcoins. Only those promising project will survive and those shitcoin will eventually gone be dead in the market.

At the year 2018, if you holding altcoins and wait for the end of the year, I think you will earn a huge profit because of the market has to bull run recent days and not any sign to stop the uptrend. So that I think the holding of shitcoins will be profit in the long-term, not bad as you said.

Thatsm's the tendency. In the first place, it won't be called as "sh*tcoin" for no reason. These are coins which are not having price increase or market development upon being released in the market. In this market situation, no matter how huge the potential of the project is,  most of the coins are resulting to nothing. Most of the cryptos are negatively influenced by the market behavior right now so maybe, it would be better to further wait for changes.

I once read an article about shitcoin, he argued that the increase in the price of crypto currency or bitcoin occurred when shitcoin began to break down. I think this is a good thing because the market for crypto currency like we know is now full of shitcoin, even if they don't have a clear price and continue to decline. I guess bitcoin and litecoin will continue to increase when shitcoin transforms into garbage.

its not risky to hold a sh*tcoin as long as you dont invest money to obtain it . i myself have a lot of shitcoin and i only got them on airdrops and bounties but i will still continue to hodl them even thier prices right now are dumping and seem to be dying  .


yes holding them will not make you rich but atleast you can earn something whenever thier prices will sky rocket  .  if you are lucky enough , you can possibly get rich on them as long as you constantly join tons of bounties and airdrops  .

What you wrote indicates that you do not know what you have. In other words, it is a lottery for you and you have no idea what these projects can achieve.


Keeping coins will never make you rich - it's how to win the lottery. First of all, you have to learn how to invest and, above all, learn how to invest in what you understand!
When you understand what you are getting into - you will be close to victory.

Yeah, most bags are bad. But it only takes one going 1000x to make up for all your other shitcoin losses. In my very professional opinion, diversification is key. I would say putting all your money in one coin is a VERY VERY bad idea. Having like 7 good positions is nearly a guaranteed winning strategy.

For example, Spartancoin found on cryptopia: 51 billion circulating, current market cap of less than $50,000.
Compare this to dogecoin: 120 billion circulating and a $350,000,000 market cap.

Now which of these has room to go 1000x?

For earlier investors of those coins and bought when it was very cheap and got hundreds of thousands to millions of that coin.

---

As it has reached a better value and they start selling it will make them rich, just like the early holders of bitcoin.

you should be able to choose the best altcoin you can hold, if you look at the pictures you gave in 2013 the altcoin prices like litecoin can still survive until 2018 so it seems very lucky to be able to hold litecoin from 2013 to the year 2017 is the culmination of all cryptocurrency prices.

I only familiar with top 3 coins from the screenshot, below than top 3 i don't even ever heard about them (ETH didn't introduced yet since it's created on 2014).
Total marketcap now is almost 100 times higher than that time, how you can't rich from that?

Well said, most of these shitcoins will make you poor long run, if one look at the performances of some of these coins you would have lost like at least 80% of the value against BTC, some of these coins is just for a quick flip make your money and run. looking at the image posted about, there are even some coins that I don't know they exist

what you say is true. we can see the trading volume of the coin, if the coin has a good trading volume of course no coin can be profitable for you. but if all are fake, then you have lost your money and got a loss.

so what you mean by shitcoin?
do you mean bad team or bad project?

Whatever the coins you mentioned are not the Shitcoins because you could have made a very good profit if you sold those coin in the year 2017 because the prices of those coin went very high in the market. Now with the market fluctuation, we cannot able to sell those coins.

only a few coins can have a bright future and better you can hold bitcoin as long as you can because the graph shows the price of bitcoin has increased in price at the end of 2017. and prices in 2018 fell again.

The safest way is to hold a holding coin that has good popularity, because the risks we get will be very small. Usually the risk of coins that do not have popularity will have a huge risk. For beginners, buying popular coins is an option, but for someone who has experience to do analysis, buying a new coin can be a gamble. When appropriate, of course the benefits will be even greater. It all depends on the choices we make, we have a strategy and we must be able to choose according to our abilities.

It seems that what the OP says is partly true, we must realize that not all altcoins can survive from this very tight competition,
every day altcoin arrives with new technology, old coins that cannot survive will be displaced with new coin, except for bitcoin

Indeed, there are now quite a lot of lists of outstanding shittoken that do not provide big benefits. this in my opinion must be reduced. because we know that now there are quite a lot in circulation and only harm the holders

of the 15 coins in the picture it seems that there are only 2 coins which currently have very expensive prices and can even develop and survive until today, bitcoin and litecoin are extraordinary coins and not as shitcoin.

a lot of good coins in the markets now,, if people still hold shitcoins thats really bad
people should learn how to identify a shitcoins
thats why a knowledge before make an investments on cryptocurrency is needed buddy

Holding in a Bull market will make you money.
Holding in a Bear market will cost you money.

We will get poorer. now all prices go down and we should be smarter in choosing it. don't need to invest a lot in what is there. because the current price is down

The OP makes a good point. A bull run doesn't mean a bull run for all coins. There is a lot of rubbish out there, and the most important skill for long-term holders is to pick the right coins in the first place.
Crypto will recover from this year's dip, but not every coin will recover.

it would be better to choose coins in the upper market only, some coins in the market will rise very quickly when the market starts to improve. We can see the volume movements in the market, there will be coins that have a busy trade, we can choose coins like that. don't just choose shitcoins because it can make your money disappear.

it's true, there's no point in holding back some shitcoin. shitcoin won't change even though a bull run occurs. when some coins have the potential to grow but that won't affect shitcoin.

I think you are thinking of sh*tcoins in a different perspective or definition. As shown in the chart, those coins still exist, even low in price and volume but they did still exist to the fact they are only copying bitcoin in the first place. "Sh*tcoins" this time serves their whitepaper using blockchain to be applied in real life, still developing, so you really can't tell. Maybe one day, that "Sh*tcoin" you're hodling is the next ether, who knows?

Shitcoins is good for speculator, for who already prepared to lose their money. Not for traders that always look profit in safe ways. Some of my friend success on shitcoin that they bought but some not.

but there is no harm in trying them, if we are diligent people then we move quickly like a hit and run and then we move to this new one can benefit

You should be more careful to choose a good and potential altcoin and you should buy coins like Bitcoin which can certainly benefit you.

Only bitcoin and Litecoin can survive until now but the rest are dead but indeed this is the fact of cryptocurrencies that in the future only good coins will survive and this is could be good reference for me that for long term investment altcoins are too risky and even though currently there was few altcoins can reach high positions on coinmarketcap because high of volume support but there is no guarantee the volume will always be high

Well those coin that is listed are now on the bottom maybe because those coin had been overtaken by the newly released coin in the market, investors dont want to put investment for too long usually investors will only consider a coin for a 2 year frame.

it's true, we need to be careful and very selective in choosing altcoins, otherwise we get precisely the losses are not the advantages we expect.

I don't see the fairness in OP post. We have way more shittokens now than coins.
unfortunately, it seems most people can't figure out the differences between a token and a coin.
It's very cool to be edgy I guess

Of course, I've never hold it, in fact, I sell it once its still have value in the market. Mostly shit coins were listed in low volume exchange which there is no investors will have interest to look and buy coins in there.

Shitcoins are not for holding for the long term but for quick trade in and out only.  Moreover, just avoid completely shitcoins listed on only one or two low volume exchanges.

Generally speaking you're correct in that there are better opportunities at this stage in top alternative assets considering the direction of capital influx in the near future however, this does very little to dissuade true HODL'ers as they'll likely bag hold forever if so inclined and you never know when an old project may be revived and become worth something again

Hey. I agree that it can be, but it gives us the opportunity to find out which coins generate income.

But those coins are good coins, we know that no coin can compete with bitcoin but that doesn't mean that all altcoins are useless, I agree with the OP, if you are investing in coins that do not bring any improvement to the market and you are expecting that those coins recover when the next bull market appears then you are going to lose all your money because those coins will disappear before the new bull market arrives.

Yes, today competitor for BTC don't exist. But what will happen after 1-2 years? Nobody knows. BTC is the first and basic but his technology has some borders. I don't like many tokens and coins. I think we don't need more than half. But BTC should be changed. And team do it

If you know it is shitcoin then why you choose this coin. So I don't accept this statement because everyone trying to choose the best coins so one day will going because of economic development in each crypto. I think shitcoins are listed in worst exchange so we can find easily and one day crypto will make huge profit.

It'll come true :). Nobody can become rich by holding shitcoins because after these big dumps, I think only good cryptocurrencies with high rank on Coinmarketcap will be able to rise back when bull run happen in the future :). There are so many guys keep holding shitcoins and hope that bull run will come asap :)))

It's possible why nit all have an possible chance to increase their value at coinmarketcap price eitenr shitcoins or not, investing in cryptocurrency depending on the people strategy how to get earnings choosing altcoins to give them better lives in the future.

It is strongly recommended to avoid holding that shitcoin. Shitcoins will eventually lead to a scam, where the developer sells all coins from the supply. I'm understand and not surprised to see once the price goes up, many people will be in a hurry to sell it.

A lot of coins become undervalued for now and many of them were totally delisted by many exchanges, this means that certain never shows market investment and nobody is buying on it. Holding such coins is no used at all, we better to sell them all and empty our wallet while its still have a small amount we might get.

That's why they are called shitcoins in the first place, lol.

Anyways, I have dumped my shitcoins way back when I got tired of the bearish market and I'm glad I did because all of them are flat liners and If I continue to hold them today, I will just be disappointed and not making money so I sell them and just go gambling, lol.

These types of assets aren't really for inexperienced users but are more for enthusiasts who like niche markets or more experimental technologies and you won't necessarily be able rely on them for steady returns as the market matures because the very top assets will capture most of the incoming capital initially

Yeah like in cryptopia, yobit, and other exchanges. there are a lot of shitcoin there, and you shouldn't hold that coin for a long time,
because that will hurt you. yeah sell when there's a chance dude, sell when it's still valuable

you got some point but the the thing is there are lots of crypto created that is stable and has a good future like VET , EOS and XRP . They are strong coins that has a future to hodl and profitable in the future .

The low quality coin is unavoidably present in Cryptocurrency market.  Cryptocurrency is an open system and protocol for any type of idea and it should not be surprising that some project are not up to the standard.  It is important we know what good project and bad ones are before we start to invest.

I fully agree with your opinion that there is a lot of project on the market that will not have a future perspective. Such a correction of the cryptocurrency market can lead to the purification of the cryptocurrency world from such projects.

I am pretty sure about what happened last year and this year regarding with those shitcoins getting delisted and being dumped the price for over -95% will serve as a lesson for holders and investors. Shit coins nowadays are only for temporary investment and being used most of the time by P&D groups to manipulate its price to earn fast profits. I also dont advised my friends to invest with those unknown altcoins because it may lead them to a huge lost.

Absolutely agree with you. Shit coins had to die untill next month will be, when they going to market. You could make good profit from top altcoins.

When the price of crypto we hold falls by more than 60%, we need to increase by more than 200% in order to have the opportunity to recover the loss. So I think I should not always choose HOLD.

I agree, shit coin is almost the same with dead coin, maybe you can make some profit if you are lucky some group pump the coin, but most of the time the price will go down until no value, you can even sell it, it's better we focus our investment in the string coin, it could help the bull to trigger and we can get a strong coin that possibly being adopted

cryptopia and yobit are not a shitty exchange or a low volume exhange because they are actually  big and popular but i am aware that yobit do also list some unknown altcoins which isnt actually bad in my opinion  .  

yes holding a shit coins will not make you rich therfor there is no point of holding or obtaining them  and if you already know that you will be getting a shit coin on a bounty or on an airdrop , then why would you still bother to continue joining and working on them?  it makes no sense

Shit coins will make you rich but on a short distance.
In a long term there is probability to gain only with good coins with product and clear vision and what is more important- with actions!

I think stablecoin will not make the value of "shitcoin" increase. It should be carefully selected and prudent. The selection process will be key to increasing your profits in the future. Keeping ahitcoin will lead you to the pits.
I think the top 10 will be more practical and ideal.

It seems to me that even bad coins without any idea can grow several times in a bull market. but over time these coins will be eliminated

From that list, only bitcoin and litecoin that still survive in the top ten and the other replace with the new coins like ethereum, eos, bitcoin cash, bitcoin sv, tron, and the rest is the old coins like ripple, stellar, tether. The market still changes in every year, and some of the coins in the future will also change again, and we will see the list will replace with the other coin but bitcoin still on the leader of the cryptocurrency. And for now, I think many of the coins trying to compete for each other because they want to get a better position in the coinmarketcap so we will see a new changing again in this time.

They won't be called that way if they were good enough.

Nowadays, it's unlikely that you can find gold on altcoins through those groups. And as much as possible, remove that on your list, remove these pump and dump groups because they'll do no good to you especially to your portfolio. They'll keep on recommending you worthless coins.

In any case, the business in the cryptocurrency market should be treated with caution. In recent years, many users of cryptocurrency have not only become richer, but also have been prosecuted by law enforcement agencies. The fact is that many people are interested in the possibilities of fraud, And some wanted to get rich easily and started selling all their property or taking loans to invest in cryptocurrency. Results I think it is not necessary to describe.

of course, to hold and invest, we must be able to choose good coins and have the potential to be able to provide profits, if holding a bad coin will only waste time

If you want to hold for the long term, do you think BCH a good coin?

Why provide archival data when everything has changed from perception to execution. Yes, there are more Shitkoins and more coins, but the concepts of how to determine this or that coin also increased. And who will tell me now that my bet on bat or gas is the wrong decision.

Isn't unusual for now that a lot of coins in our wallet seems to be becoming a shit coins due to market condition. Of being undervalued for now, it is totally no sense nor it give you profit, it could be better to dispose while its still have a value. Though there is a speculations that market will recover but I'll doubts it could turn this shit coins into valuable.

Yep holding of shitcoins wil not make us rich but this screen isnt so right as many said at that stage most of coins were just copy of BTC with other name, so its normal most of them are died now as noone need them, but now most of devs understand new coins must bring somthing new to market or there are nothing its good for everyone.

I thought, how many things we have now become dirt in the wallet is not because of market conditions. Market conditions make the value of our assets diminish, not the coin assets that have no value. when many coins have no value, it all becomes the fault of the team who are unable to develop their platform. when a coin drops in value due to market conditions, then calm down, you will get your money back when the market grows again. you only need to be patient.

shitcoin is a bad coin in terms of developer, technology, marketing, etc. If you hold shitcoin too long it will result in a lot of losses, but if you have a pretty good strategy in handling shitcoin then it has its own advantages.

No, not BCH. Please search and invest in other altcoin, which is better than BCH. why do you think if BCH is a good coin for longterm?

For the long term, it would be better for us to invest in Bitcoin and ethereum. because in the current market conditions to choose a good altcoin we can also have difficulties. but what is clear is that bitcoin never disappoints for long-term investment.

shitcoin is a perspective, but if in the end the developer does not have a sustainable program, for example, only focus on 1 exchange market that has a volume that has a quiet volume, then you have to sell it as soon as possible. lots of shitcoins that were eventually abandoned by the developers themselves after they made profits according to the target and then handed over the fate of the holders on the market.

Mnah and do you know more about these coins? They are just copy paste of Bitcoin´s open-source code. They are not diffrent, they are not interesting.
But now, look at altcoins, most of them are totally diffrent, diffrent use, diffrent blokchain, diffrent end users.

If you only hold it for a short time shitcoin won't make someone to be rich, but this does not mean that all shitcoin is really shit. Because some of them if you hold for a long time can turn into gold and even diamonds. So the point is, all this depends on what shitcoin you hold. If you buy it randomly without doing analysis first, I'm sure you won't get anything.

Holding shitcoins made me rich, it all depends on when you enter/exit your positions

Yep, it makes no sense to hold sheetcoins, after all, most of them have lost up to 95% of their value during this year. You need to transfer your money to those assets that will not die. If you continue HODL strategy, you may be left with nothing.

- From a positive perspective, holding shitcoin can really make us rich, but it needs a condition that whales want to pump that shitcoin and this is a very difficult condition when this market has too much shitcoin, although we can choose to increase our luck chances but that will not be enough. And after all, we can see that the rate for us to become rich from shitcoin is very low, almost we will fail and waste money in vain, instead of trying to choose such too dangerous investments, we can turn to potential investments, make money everyday, long-term accumulation will also make us rich

It depends on how long are we talking here about holding of shitcoins because the lifespan of shitcoins mostly takes couple of years of existence,but sometimes some of this got pumped as early as investors find this suitable to pump then what happens is the life of the said coin becomes more shorter than what this supposed to be

good point
it's literally impossible to become rich with non-shitcoins
unironically you need to be already rich to make huge profits with top coins

Yes, coins like namecoin, peercoin, devcoin aren't even in picture now. Namecoin is now ranked 230.
Even good project LTC is no more in position no. 2. So, it is always good to flip your alts and stay in BTC.

Trading with shitcoins with correct entry and exit points has made you rich, not longterm holding.

These shitcoins come to the market to be pumped, and then, they vanish. Unfortunately, it is not so easy for a person, who is not a crypto professional, to understand if the new coin is good or not.

Really ? iam buying a shitcoin name Dime at Yobit at pair LTC with a cheap price. and iam selling that at 2017 more than 1 BTC with pair BTC at 1 sat for more than 4 month. Shitcoin its a good for the people with low value asset, but remember shitcoin like gamble so always remember you throw your money into a trash and change that for a gold at there.

In 3-4 years, Many altcoins will disappear and new altcoins replace into these coins. We should invest all coins but we should not stay on altcoins for a long time. In bear season, definitely, you should invest to Bitcoin ethereum instead of altcoins.

Yeah, that's definitely true. Holding shit coins wouldn't take you anywhere because there's a higher probability the coins will be worthless or they will die out (anyways majority of shit coins are dead already). It is in few occasions that shitcoins are able to prove to be anything better.

Good and big projects are dropping also like shitcoins but after these bad days when bulls come, we will see good rises for the big projects like neo,tron or others but shitcoins will be destroy before bull market come.

We are at a completely different scenario than that of 2013. This time we have real innovative projects that can contribute significantly with this field of technology and they wont die like vaporware, they are here to stay.

Nothing will happen in just a few years, the limits of bitcoin have not been explored yet, the developers are working very hard to keep improving bitcoin and since they are the best I do not really expect anyone to come up with better ideas than theirs but I do not mind being wrong, if some new altcoin appears that has incredible characteristics that bitcoin cannot implement I will not mind since that would mean that the adoption of cryptocurrencies by the average person will happen even faster.

That is right. Shit coins aren't good coins, aren't good projects,so I think coins should be like top 10-top20. Don't hold shit coins!

It does not mean that 5.5 years ago so many weird coins been on the top, they had no product back then, now at least some of the projects have already an established product. If you do not have anything to show now, you will be already dead with that ETH price.

Interesting chart to see coinmarketcap from 5 years ago.  :)

I agree it's always important to question a coin. Some coins are only hyped and will crash in price finally.

if in my opinion it's not all shitcoin, if for the current year it's been very valuable, the market 5 years ago there was no shitcoin, different from the current year that most scams and project development are very lacking

BTC big advantage is all in it's public recognition and longevity compared to other crypto. And history is rife with examples of inferior technologies winning out in the end due to brand/mainstream recognition and stability.

As others have said, it's also more secure since it's use case is more focused.

If everyone would have that kind of mindset, then there should have been unsuccessful holders these days. Most of the millionaires today got their best profit from their holdings that they have thought as shitcoins. We should just have trust for what we hold.

The fact is that millionaires and billionaires have already adjusted large requests for profits. And their low income is not interested, and they always seek to get even more money.

You are partialy right, although most old coins were just copies of Bitcoin. We already have watched the death of many altcoins during this bear market, but other coins that represent projects with real supportive business managed to survive and will spike again.

Shitcoins are not for long term buy and hold. They are for quick gains and are the pigs that fly when the bull market gets very speculative and frothy.

Exactly, no coins can make you rich if you don’t believe on that at all. If you just receive that from a bounty campaign then you have nothing to lose, just wait if that coin is worth holding or not. But if you are investing, invest only with great coins to make sure that you can get profit in the long term trend and you have nothing to worry about.

They have no room to exist in this market for long term because technically, that shitcoins only here to make a profit and run after doing that. Stop investing with shitcoins, don’t waste your time, money and effort looking for that coins, invest only with the top coins especially with bitcoin that can give you more profit.

Holding anything will not make you rich.
We're past our bubbly-bubble stage, now it is time for daytraders to shine.
And their time will also be over once automated high frequency trading takes over, but for now there's $ to be made on the market this way.
Holding works if you bought BTC at $1 or ETH during the ICO.

I think it depends on the development and the demand of shitcoins itself.
If there is no development and demand at all, it is certain that you will never be rich just by holding shitcoins.

Shitcoins aren't worth holding for more than a month. Usually after 1st pump shitcoin is abandoned and there aren't chances to future growth!

This is the kind of thread that speaks volume about the current mindset of crypto users/hodlers, and certainly the reason why crypto is not finding its way into mainstream.

Crypto should not be seen primarily as a mean to make quick profit. This is not (or should not be) the purpose of cryptocurrency. Investing in crypto should primarily be about reshaping the financial system in a way that is decentralized, centered on and beneficial to the people. It is about, Trustlessness, decentralization, transparency, immutability.

Then profits will surely come, and along a better world. Crypto is (should be) therefore a long term investment, not a speculative get rich quick scheme.

Of course, shitcoin will not make you rich. Sooner rather later they will die. But then if you have shitcoins because you only made the realization later, dump them as soon as possible, while there are still exchange platforms accommodating them, while there is still volume. Do not wait for pumps or illusory mooning. That will never come. Death is waiting for such coins.

The problem however is that they now come in sophisticated projects, almost as legit as the others. Be extra careful therefore in choosing which coin or project you will invest.

the number of shitcoin you have only will make your wallet is full of coins trash these. they will not be valuable at all if you should hold in a long time.

By shitcoins, you should note that there are long term projects backing some of those coins, and due research is needed not generalized speculation.

Holders nowadays had learnt lessons from the bearish market of last year. I think we can hold those coins until such the prices rise above the ICO price but not to wait for more than 2 years. Holding longer will waste your time when a bear market strikes back and the prices will take time to recover or can't even recover. If no potential to grow then let it go and don't waste time. Getting rich in crypto is not easy if you had no experience and capital.

It is no brainer as quality coin will attract  funding faster than low quality coin. The journey to riches is not an hundred meter dash, you have to be prepate and try again and again until you see the resuot that you want!

Yeah, absolutely true.
But holding a coin like Fairc of the faireum.io platform can certainly enrich you.

for sure investors need to be educated and hold what can bring value in the long term a lot of the pumping project right now are worthless in the long term good luck for everyone :)

Many coins are not destined to grow again, you are right. It is best to keep track of those who have not yet reached their finest hour. And only a few old coins will be able to succeed again.

not all like that, their new coins also have the opportunity, now an awful lot of coins that do not have a value, but if we don't know what will happen in the future, may indeed have team planning for the long term.

If their will appear a new coin which has a new technology, what other coins not have i think that coin can be a good point for investing at start and that coin can make us rich.

The history of the market will always be like that plus the uncertain time.
Yes, they look like rising solely to mislead users who don't understand and they mean so that shitcoins are considered superior to other coins including the main crypto like bitcoin, but actually they are attackers for bitcoin.

From shitcoin we will make a concern and only to fill in an empty wallet, shitcoin does not last long and the time is there to throw it away.
And with shitcoin, then as a springboard to be able to collect more potential coins.

If you can sell shitcoins at an appropriate price, so? Even if you sell at a low price, it is the most reasonable to sell when it has price. Because the market is not the old market. Now, as time goes by, we see a stronger market, and here is not any space for shitcoins.

other than holding we cannot have any other way for this zero value coin but in future it may valuable we can get from income from the coins that we are holding previously that's why I am holding my all type of investment still now

That's the idea, when time come and the mass adoptions of crypto was already been established, there's no longer space for any shitcoins so if you still have the chance to sell it out, you need to act quickly and use your money to invest with good quality coins or you can also buy bitcoin and hold it for
some time.

Shitcoins are only for short-term investments, nothing is impossible to succeed and rich in crypto including shitcoins, an increase that can reach thousands of per week or even a day becomes a good opportunity to get rich quickly.

There are many shitcoin coins that are not going to recover in this bearish market and that means it is very important we sell them now that some of them still have value.  If you look at some of the coins that were listed in 2018 , there have losted over 80% of the original values and that is the most reason we should not hold them for long-term.

I think that it is not necessary to keep the coins for a long time, as they are often depreciated. And only some coins really bring profit, but this is rather an exception to the rule. Many times it happened that you store shitcoins, and then you see how they turn into zero.

it all depends on the character of the coins that you keep. for shitcoin is there an option but to save it? still for bitcoin and ethereum and some other altcoin assets that are suitable for long-term investments. specifically for bitcoin and ethereum I am sure to invest long term.

To date, quite a lot of both new and old projects have not been able to realize themselves and therefore, in any case, such projects will not have viable coins. Based on this, companies need to be more carefully selected to keep their coins for long-term storage.

We must be smarter in choosing coins because it will determine our results. I think this coin looks really bad and if you already have Shitcoins and haven't sold it, I think the price of the coin will return to zero. I personally have a bad experience about Shitcoins, my coins are zero. I was lucky because at that time I only bought a few coins.

In choosing, you don't need to be smart, it's still shitcoins and a useless one.
You just have to be lucky and hope that the shitcoins you are holding will pump in the future, of course it will die afterwards, but at least you profited.

Alot of coins come and go, but looking at the top ten it is clear that investors should stick to bitcoin and litecoin, those guys will always be top five coins so are safe choices

When the time comes, shitcoin will not have space so we must be able to take the opportunity well and be able to collect more potential coins. Shitcoin is indeed a lot and it's only for the short term and won't make it rich so there's no need to save it for too long.

Shitcoins that from airdrop and some scam bounty/ico will be dead for sure if you keep holding it.

I mean, the price will be stay under $1 or under under 1 cent forever. It will not make you rich by holding that shitcoins, i'm agreed with you OP. I think the owner of project of that coins only make the coins for quick bucks/money.

i remember back then, when im actively joining on bounty and airdrops i have collected alot of coin's and i dont know if they are all shit coins or not but i still continue to hodl them for a long time and after over a year of hodling i was impressed to see that most of them do have a good value . i then sell them for cash . what im trying to say that not all coins are shit coins and not all shitcoins will die  , sometimes they only need time for thier value to recover .


it will not make you rich if you only have a few but it can possibly make you rich if you have lots of them .


some of them yes but some make coins because they also wanted to be discover  .

Shitcoin is indeed for the short term and indeed there is an opportunity to throw it away then it needs to be done.
Saving shitcoin is not going to make it rich, but it happens because there is no value.

Shitcoin is a very risky coin, unfortunately currently there are too many shitcoin, but I don't agree that shitcoin can't make us rich, instead shitcoin is the fastest way to get rich because if we are lucky then the increase can reach thousands per day.

what makes it risky? this won't give you any risk. shitcoin is a dead coin and worthless even if you don't have any risk, especially if the coin is the result of airdrops or bounties.

It is true holding some shitcoin wouldn't make you rich but sometimes there are some low valued alt-coins that could survive and make you some good profit.
There are so many alt-coins right now and most of them are shit coins that would be dump all the way down to being worthless .
We couldn't expect too much from them don't expect that the bull run would even revive them and make them worth it .

There are plenty of bad altcoins, but plenty of good ones too with strong development and legitimate use cases.
It's simply not the case that alt=bad.

better sell immediately when it still has a price, because we know that at this time alone the shit token or coin is the same as the longer also the price will also decrease even will become a dead projeck

i lost my 90% of money in one year for these shitcoins.
if you see the charts of last year you will see almost every altcoin drop at least 95% of its ath.
dont take coins that have no real project.

Shitcoin will definitely die soon, so don't expect the price to go up, the weak will die. sell when there is a chance. stay away from shitcoin even though the price can rise by 1000% due to manipulation, you have to know the price can fall 100% in short term too

No one will holding the lots of shitcoins for getting rich they are invested in that so it will definitely be get back to the hand so if it was little valuable it will be up gain for us to get back our investment that's why I am holding this.

Perhaps if people might not intentionally hold your shitcoin, but when people are stuck in the wrong or investment from the bounty and airdrop I think many that hold my shitcoin now.

Because they are getting trapped at the top and that's why they are getting a lot of altcoin as their portfolios. But shitcoin is the only chance for little shrimp to become the next millionaires. Almost all of major crypto starting from shitcoin

Holding shitcoins? I am doing it for several years and its geting worst than ever.
If you receive some shitcoins and there is a market to sell them do not think twice sell them all!

It is not only the shit coins that tanked last year. Prices of almost every coin and tokens plummeted. If you see your coins stagnated during the bear market, then those are the real shit coins. But if your coins are continuously developing even when the price is tanking, then those are keepers. Those coins will prosper when the bear market is over.

Dont hold shit coins , sell them at once we you get them as long as it has price cause the price will go down slowly as the day pass. Just like me i hold shit coins fobr almost a year and now they are worthless.

There is no guarantee for rich from crypto, the market is always hard to guess so holding shitcoins or giant coins is difficult for big profits like 2017, we only hope to get a little profit while waiting for the market to recover.

It seems to me that first of all you need to have a certain confidence in the future of cryptocurrency and the entire cryptocurrency market as a whole. It was then that every rich person who invested his money in a cryptocurrency, should leave their assets in long-term storage, and not now try to earn or minimize their risks. The fact is that only After a while, the cryptocurrency market will really give away the income of investors. Although traders today work and earn something.

One way or another, you need to work and gain experience so that the cryptocurrency market brings you income. Of course, now it has become much more difficult to make money, but only a sufficient amount of knowledge and a constant waste of time on this activity can bring you real results.

This is true ... almost every altcoin or shitcoin you want has lost over 90% from its Ath ..... but
1) not all altcoin or shitcoin have lost over 90%, there are always good altcoins (see BNB, Maker, Holo, Tomo, etc.)
2) even Bitcoin from its Ath 80%
3) you can't expect to make a comparison if you bought at the most, end of 2017 or beginning of 2018

Altcoin or Shitcoin should be studied and analyzed better than Bitcoins, they should be chosen carefully; after which you will have a good chance of making a lot of money within 4-5 years!

If you invest in shitcoin that is absolutely risky and there are no big chances to rich by shitcoin because at the current market situation a lot of potential coin already collapsed. If you got shitcoin from bounty so which aren’t risky. But i hope when bull run will be start than some possibility to worth.     

The coins like that are not good for holding, but it should only be used for daily trading, even for those who have trading skills,
because for beginners using the shitcoins of course the risk is very big because the price changes can be very fast.

Their problem is actually the whole value they hold in the market which naturally to me now is actually dead as you can see They literally dont offer any function apart from improve bitcoin which if you look at it deeply its just talk no any applicable function connected to it

I don't think of any risk of holding my shitcoins because I earned it from my bounty campaigns. A big miracle will happen when we see those coins pump at good value, but it's impossible these days to happen right now. Bull run cannot be predicted when it will take place, but if ever it will be established soon I think there's a small portion of possibilities some shit coins will pump good price increase.

It did once actually and people expecting lighting strike the same place second time, i find it very unlikely.

Still, i have lots of shitcois on the side.

hold shitcoin? maybe it will only be done by ignorant people who hope there will be a miracle so they can become rich people. hold shitcoin is very risky, maybe only 1:1000 shitcoin that will successfully live again

indeed altcoin has a very high risk but from the high risk of altcoin you can also get very much profit from altcoins when prices rise because there are a lot of price manipulations.

all possibilities can happen and no one can know the future developments and maybe with the confidence of investors to invest in any crypto currency

Am still holding on to some coins that do not have much value with the hope and believe one day they will be worth something. Selling them now will not bring much profit so I will rather risk them becoming dead coins that sell. It a risk I have decided to take.

Yes, I don't see any correlation either. Stablecoins are not yet created before when there were coins in the top 50 already. So this has really no issues or link to prove it has something to do with the pumping or dumping of coins. 

Most bounty hunters hold tokens / coins up to tens of types and even hundreds and they are still collections until now because there is no selling value, hoping that if the bitcoin rises it will attract the token to a high price so that it can close their monthly work so far

In my opinion, there is a new coin because it's better than previous coins it's even better than bitcoin. Innovation and technology are what new cryptocurrency has, it's more convenient to its users and has also low fees and some have their own ways to make its holders profitable. There is shitcoins where teams of it just want easy money and skip but I know newly created crypto will stay for longer .

I myself have been very sorry because I did such a careless thing where I actually held tokens or coins which did not give me much benefit. so you really have to be more careful in choosing

Same here. I still own some Namecoins for instance. Even most of the shitcoins on your old snapshot rose a lot during the last bull market. Of course some coins get delisted an die for real, but people that own any coins should know the risks anyway.

Some still hoping that someday the coins will have some value to sell having no choice but to keep the tokens and wait for some
luck to come and bring them some good benefits for the job that they've done,

actually there are thousands of altcoins in this market are useless and very few of them are really success in the future. however, if we can hold as much as altcoins we can in the future and just need 1 altcoin special, we really can turn the entire asset become richer in just a short time.

only one coin? what coins? many altcoins on the market that help market growth become increasingly crowded. if you only focus on one asset that you think can bring you big benefits, the probability of that happening is 50%. try to share with other altcoins, even though many don't have value, but at least those on the market are those who are traded by their own community.

probably, but some shitcoins will give you money as well.. just keep an eye to them when they pump, then exit on that coins  ;D