Bitcoin Forum

Don't go around packing some shitcoins to take advantage of altcoin season, I had a friend who is doing this presently thinking that the market will perform just like 2017 bull market where many shitcoins brings insane amount of profits for their holders, as you can see presently only top altcoins are benefiting the most out of the present bullrun, it's more about project's use cases and utilities, not some unrealistic Hypes anymore

By the way, I also noticed that shitcoins do not grow at all, while such old and cool projects as stellar and xrp give huge growth percentages in a few days. Therefore, now I also invest only in worthy projects.

Well its a sign of mature market but still people like your friend, always exist because of greed and "believes"
I prefer the current market trend compare to the old one
It tells us that the Crypto market are becoming wise and not just people who dream of buying anything and get rich by dreaming

This situation clearly tells people that
Genuine, Legit project are here to stay
Copy pasted, Scam, PnD project will never last long because their tokenomic had flaws and their coin doesn't worth the value

Hmm, I still have some doubt on this one OP, I know the current bullrun is different to 2017 bullrun but if Bitcoin achieves a new ATH this time won't the excess liquidity spread to low rated or shitcoins as well? There might be a light at the end of the tunnel for shitcoins too, who know?

:) I've been through the same times, when i was hoping my shitcoin would increase and reach my expected value, but what happened gave me a lesson. Hope the shitcoin will increase in price when the altcoin season comes, instead if you want those projects to increase as expected, choose for yourself the projects that are really easy and capable as well as potential success in the future. I believe that if everyone researches and thoroughly learns about the market, we will not have to worry about the events happening in this market.

There was a guy going around asking people to sell him their shitcoins, he was so ready to buy any tokens or coins that are 99% dumped in value, later I find out that he is preparing for altcoin season, this was before the pandemic started this year, unfortunately it doesn't look like shitcoins will pump because of this present bullrun, same thing happened in 2017 as many shitcoins brings better ROI than top altcoins, it will never be the same this time, just a hunch 

I think you need to forget about it , you already name it as a shit coins so why do you think other investors or trader will buy a shit coins even we are in the altcoin season. they will choose other strong coins and those shit coins will be forgotten if the alt season started and even more of them will become dead and will not get any volume in that time.

Am I forgetting something here? How will shitcoins become profitable due to bullrun season if no one is buying? It doesn't make any sense, I believe that the higher the demand the better the volume will get right? You don't need to be told to stay away from shitcoins, no one will buy them anyway, this isn't 2017 where FOMO makes many newbies buy shitcoins thinking they are good buy, things are way different right now

I think shitcoins will not be gone here, instead they will be here as long as greedy people stays here in crypto business. And some of the projects are not easy to determine if it is a shitcoin or not, that's why We as a bounty hunters really need to be careful and wise too here
in this field of business.

People still buys shitcoins wether you like it or not, if no one is buying shitcoins who are those investing on all those fake and bad DeFi projects? There are some useless projects through twitter, they have no websites and still people are investing on them, shitcoins can still bring something if you have them in your wallet, it's wiser to invest in top altcoins but shitcoins can still pump

The crypto market will literally experience a bullish market next year just like we saw in the year 2017 but that doesn't make every altcoin we have in the market to be an investment option cause despite the market to be bullish some altcoin will quench off the market when the total bullish start and as the topic says "shitcoins are complete shitcoins".

I disagreed, shitcoins are different from dead coins, shitcoins are still been invested on by many people who don't know how to do research but relying on trying their lucks out, every year we always have thousands of new investors who always invest on projects blindly, shitcoins are still capable of creating FOMO and bitcoin Bullrun will saturated across the whole crypto market, this is how altcoin season works

Altcoins are shitcoins that are own and created by scammers and they all fall in price after birthdays. How they fall will be different by developers and their activities. Some projects die after few weeks, some live for months, some live for years but their price are not good after hype are gone.

Altcoin season is around but top altcoins are only altcoins that can help you earn and get less losses if something bad happens with the market. Do we all wait for Ethereum 2.0 that was delayed many times? It is all about to happen around us so why not take a look at Ethereum?

Take a look at top altcoins with https://coindar.org/ and add the altcoins that have events in near future and developers have something big to upgrade.

I guess it's not true at all but we will see that with the goes of time. it needs bitcoin to go to the peak price to be able to make the major coin market became stable and the traders will be starting to search for the new coins to be pumped. I have seen the pump that happened in 2017 and the pump will be last for a few months but this time the fundamental of bitcoin and other major coins look very strong.
The pump for shitcoin will not easily happen like 2017. The shitcoin needs also to prove themselves.

Who am I to say that shitcoins won't do any good? Crypto is unpredictable as we all know so how can you guys tell if shitcoins won't pump too? Ive seen too many surprises in this crypto space before so I will like to keep my cool, if you are holding any shitcoins in your wallet just keep holding them, this altcoin season can open door to finally making some money of the shitcoins

If you have considered it as shitcoin then i think there is no reason to convince investment, or just that you went through and bought the tokens of the project meaningless and you are waiting in vain. In this market there are a lot of scam projects created, and even projects that have bump dump.

Many don't need to start packing shitcoins because almost everyone as a shitcoin or two in their portfolio, some are made through bounties and some through airdrops, i myself have over 12 different useless tokens in my ethereum wallet, if altcoin season do come and these shitcoins atleast turn to few dollars I will gladly sell them off but I doubt there will be buyers

Probably he is a newbie to crypto trading. Advise him on what to do and how things are done. People are getting somethings wrong about this current market frenzy, but I still believe it won't be like the that of 2027.

I've came across a post on this forum and the poster claim that he made the highest profits from shitcoins, I don't know if same thing will happen this time but it's possible simply because we still have too many noob among us today, newbies still don't want to learn but always in rush to make money, they are the type of people who invest in shitcoins

This time only quality project like XRP, XLM, LTC, etc is going up like crazy. Investors are more matured now and they are not looking for something that will give them short-term profit. Most of the investors are looking for something that has enough potential for the future long run. Shitcoin will be dead anyway in this market.

You are indeed right, altcoins season will be or is different this time around unlike before, this is because investors have learnt the hard truth and hard lesson thus won't make that mistake of going for some shitcoins with nothing but hype. Also, I think many new projects will soon start coming up with their usual hype but yet, this time will be different. In my own opinion, I think your friend is making a mistake and it would be best for him to stop, I also think many shitcoins will lose their value because investors will tend to go for more profitable coins, in this case pulling out their funds and buying good coins. Lastly, you are also correct about the top altcoins, they are currently the ones growing because from all indications they offer good uses cases in addition to having an active team who are serious about what they are working on.

Shitcoins can only be left out if no one is buying, there are many shitcoins that are still trading on available exchanges and if they are have few volumes left they will surely pump due to altcoin season, those who are buying shitcoins know what they are doing, they aren't stupid, what people failed to understand is shitcoins are different from dead projects.

We really can't tell yet until it happens but this year bullrun is based on real use cases of crypto, bitcoin did a very good job in the pandemic period showing the world how it can be a real store of value when stock market was crashing hard, this is what drives crypto bullrun this year, put aside btc halving, bitcoin Bullrun of 2017 was drive by hype only so there is a chance that shitcoins will be left out.

and also avoid losses from unknown project be their strategy too. we've  face many shitproject that caused our money gone, and when crypto market start bullish trend its time to recover our loss and gain profit. avoid buying shitcoin and add our bag with top coins will give us more certainity in trading result. and xrp , ltc and other top altcoin will good option.

Only high quality projects will bring investors good ROI this year, the present bullrun happens because of he bitcoin and other top altcoins potential usefulness, I fear that shitcoins won't revaluate at all and I'm one of those who have many altcoins in their wallet through Airdrops and bounties, it's sad that those shitcoins will forever be trapped in my wallet

You have point to that matter, but you should not conclude this things too early. We aren't in the end of November nor in the last week of December. Therefore there are more possibly that even some shit coins will looks potential when great bull run take place. Shit coins will instantly have value once the market is in super bullish days. I'm not referring all shit coins bust some of it.

Its really a tough way to get profited from those shitcoin .You said your friend is buying as a hope that market will behaved like 2017 but i don't think so .Trader are learning from their hard time and will never bought such a coin in high price .So it is always a risky investment like gamble .Don't try it aging you can afford to loose your investment .

I think you are right investing to shitcoins wouldn't let you benefit it will just wreck you up. So instead invest on coins something like Ethereum and other increasing price coins.

We must use the past as an experience and not repeat what we did in it. The past will not return to the current market and what happened in late 2017 and early 2018 was necessary for many people to learn what the world of cryto is really worth and what it can show us with their great "appreciation". Another factor that we must analyze and understand is that quality altcoin is very different from shitcoin and we can find this information in the analyzed project community and its possibilities in the market.

There is a reason why the top cryptocurrencies stayed where they are and were not overtaken by new projects. That is because they are good projects and they have everything an investor need to stay loyal to it and be able to reap the benefits of it. Shitcoins come and go, and many have been created to the point that many of us just don't want to bother investing anymore to these shitcoins. Be knowledgable, ask your peers if possible for their own opinion and then research for more information from other investors and users then base your decisions from these information. You will not want to invest in shitcoins no more.

Yeah, let's get real here. We all know that today's bull run wasn't like before we had in 2017. Today's increase was way more mature and strong to be exact. Anyway, we all know that shitcoins not gonna give you anything right so stop "Believing" unto them but rather invest in those coins the will certainly give a decent profit for example you can have ETH, BNB, and even the XRP. By the way, XRP is now getting furious lately. And that exactly where you should place your coins, not to those uncertain coins that is why they called "shitcoin" they worth nothing. Choose on the top listed altcoins instead.

Ofcourse the market is now much more mature, people are able to distinguish between shitcoins and projects with good value or use cases. Shitcoin is lil annoying that they are able to influence some newbies because they are attracted by fast profits

You can't deny that some shitcoins right now are doing some pump and dump action because of the currenct market movement. That's probably the reason why your friend is investing in those shitcoins right now, hoping for a jackpot which is basically trying to win a lottery.

Sure!!! As it was a while ago that i entered this market, as i said above those shitcoins are mostly scam projects or from gibberish bounties and in the crypto space if seen a coin is shitcoin it is best not to mention it and ignore those projects.

I have this quote for myself and possible for some investors too.
"Once a shitcoin, always a shitcoin".

That can be applied to the projects too that are considered shit right now. Bagging a handful of coins especially those tokens you got from bounty campaign or those low market cap coins doesn't make you rich. Investing in older coins and those who are in the top will make you rich.

Maybe there will be shitcoins that will make a move when the alts season comes but do not expect that all of the low market cap coins will make a move because some of them doesn't have value anymore where there are no buyers that are interested to purchase that kind of coins. Shitcoins should be avoided especially if you want to put your money in alts in these days, we should learn from the mistakes of others wherein a lot of people lose money when they bought shitcoins even though the market is uptrend. You should be picky in selecting altcoins because there are really shitcoins out there that can give you huge losses.

There will be always a shitcoin every era trend like way back in 2017, I am even still holding some of shitcoins in my wallet hoping someone will pick up the project and continue it so I can dump it. Seems like we cant reach ATH like 2017 but its better to take advantages of the bull run season this year.

Shitcoin in the Alts season will also provide profit if we not holding for a long time. I also bought some shitcoins for short-term trading. if it has made a profit, then I will sell it. greed for too long holding Shitcoin will lose our money.

If what shitcoin means is a coin or token that does not have a large transaction volume or the project is not running, I don't think it will be affected by its price in the current altseason. Investors nowadays are increasingly observant and wary of investing and only projects with large liquidity will be invested

I have stated this earlier as well. Right now more than 10,000 different altcoins and tokens are in existence and it is not possible for these many different cryptocurrencies to survive in the long term. More than half of them are already dead or dormant, and are not traded in any of the exchanges. Even then, the vast majority of the remainder doesn't have any particular use. They are just used for trading. Apart from that, they have no other usage.

shitcoin usually has no volume in the market and how do you sell it and make a profit? I think shitcoin will not be affected by the bulls at this point, can you tell us what shitcoin you mean?

This true, why someone could invest on some shit? i think if someone invest on it, they think it have some value on it. Only mindless person which invest on shit. I mean if the price is low now, maybe its not shitcoin, just an undervalue coin. cmiiw

Not sure what this "altcoin season" is, but its true that when the price of bitcoin starts to rise all those shitcoins starts to pump their coins tricking people into investing in those coins. And lets not forget about those DeFi hype that is going on. Even dead projects are adding the word "DeFi" to revive their projects and it is working for them! People are falling for those trap and investing in those shitty projects. I remember reading few articles about how some DeFi projects already exit scammed people. Won't be surprised if we see more scams like this.

True it's so shocking how some projects with different use case end up adding DeFi out of nowhere this year, such projects shouldn't be patronize if you are smart, every projects are trying to take advantage of any new hype in crypto space, it shows that the team are scammers, now that bullrun is here we will see even more scam projects

Yeah, hype no longer work for the most part of it, this time there is a new approach to price increase, before it was just about any project will pump because of the bull season, it is better to focus more on project with actual utility than just a mare fancy website and white paper, in the case of your friend, i hope he will profit from all he has bought otherwise it will be another sad story in crypto.

Shitcoin I mean is coins or tokens that have recently entered an exchange. The coins or tokens that are sold in an ICO like this. Usually, they have a price increase and are then dumped without any increases again.

Then why were you tempted by shitcoin? Are you persuaded by the lure created by them to sink $ 20k into that shitcoin? and was your awareness of shitcoin still lacking at that time? you try to tell here.

Even though there is a pump and slow bullish run happening to the bitcoin and several top rank altcoins, still there is no guarantee that shitcoins will also get a huge pump and will be very beneficial to invest with because the scenario happen previously last 2017 its totally different from the bull run happening this year.

Yeah, the market right now really different compared to 2017 where there was just pure madness back then in that year and everything is driven by the hype while right now instead we're driven by innovation and benefit of the project to our community.

Expecting a shitcoin go be pumped is simply delusional at this point except there's gonna be a market manipulation. Otherwise, forget about shitcoin going up because I'm sure that's not gonna happen. Everyone in the market I suppose is wise enough to think twice before throwing money.

I had the same fancy before，there are vary kinds of coin in my wallet and i not willing to sell them, always fantasize the price up up up, now they almost all deadcoin and lying quietly in my wallet.
I had an expensive lesson, i hope all you guys do not make the same mistake like me.

It's possible to still make some $ from shitcoins because there are many who still likes investing money on cheaper coins, they believe that coins that values at 0.0003 or less are the best, they will have more quantities at hand and if altcoin season do happens they make thousands of dollars easily, believe me I've seen those who do this

Of course people do this - even i do sometimes- but the risk is much higher now than before, few years back during the great crypto boom, any shit coin was money because in any way it will pump as a result of the market, but now the story is quit different, if you do this and the project did not go as expected it means you are left with bags of shit coin.

Collect shitcoins? are you even serious for that? why will you collect shitcoins that doesn't have value anymore? For sure it will be instant loss if you will buy shitcoins because those are the coins that should not give care. I do not even see a progression in shitcoins so I do not prefer it and I always staying away from it. If you are a high risk investor where you only have 2 choices which is to earn big or to lose big then investing in shitcoins can be a prefer investment with you but if you are a type of investor who have low risk tolerance then it is better if you will just focus on promising altcoins and forget about shitcoins.

I do not have any plan in putting my money in that kind of coins because I am really sure that the probability of getting back my investments are really low so I stay lowkey and focus on acquiring good altcoins.

It depend on what @op regarded as shit coin, one thing i notice with most crypto users is that once a project price is down regardless of the innovation behind it, it automatically turn shit coin just because the price is down, many people use price as yard stick to measure project and tag them as shit coin,
i know that not all alts are shit coin, so if your friend is buying alts because he sees potential in them i don't see the problem, after all even btc & eth was once regarded as a "shit coins" before they becomes everyone's favorite  ;D

Once a dead coin forever stays a dead coin if this is not the case there is still hope because people can still invest on such projects, volumes can still be build through listed exchanges, today people like taking risks for their own reasons, I've seen people gathering shitcoins that have lose 99% of value for pump sakes so if you have many shitcoins keep holiday your horses

There have always been and are people who will take risks.
Investing in shitcoins is a big risk, but for that, tou can get a fortune for a small amount, if you're lucky. ))

Many people invests in crypto projects by their utilities and it's easier for newbies to join crypto train by going for top altcoins but there are thousands of people who don't want to learn, they invest on coins because of different reasons like FOMO and Hypes, so who said that shitcoins don't have Hypes? There is real and fake hype you know

Well if you still have those shitcoins that you bagged in 2017 then definitely your statement is right, the market is very much awake now while most of the shitcoins are still asleep or considerably dead. Its a lesson that we should pick carefully what we put in our baskets, always consider the purpose of the coin or token that we are buying. Lets make year 2017 the best reference for our future decisions.

What are the type of shitcoins you referring to? Some shitcoins have no single Volumes and they end up getting delisted on crypto exchanges, this type of shitcoins are near their dead end cycle but as for shitcoins that are still trading on exchanges they still have hopes left, forget the fact that they have low values like 0.0008$ or something like that, they can still bring good value in future

This is 2020 those picking just any coins now had a mindset of 2017, where people back then are just picking any coin without knowing about their platform, we should be matured now to know that only coins with usage and platform that the community is supporting are the only coins that will have to be pump when the bull run comes.
So better check if you have in your wallet coins that will turn out to be shitcoins.

In the end shitcoins gonna be dumped anyway, that's why they're called shitcoins for a reason. Dunno who still keeps holding into that though.
And what's worse is that people still buy them when Bitcoin becomes bullish at times then they complain that they don't earn any single penny from it.