Bitcoin Forum

Bitcoin is the father of all crypto currency. The name is an eye opener to crypto, and has brought or attracted many people into crypto currency today. And has continued to stand firmly without fading.

Many turn into shitcoin investor. After knowing about Bitcoin. Unfortunately it didn't work out the way they thought.
I am a tipical example of that. when I heard about Bitcoin how it started from $0.01 to thousands of dollars I thought shitcoin also has that potential. I was working and was investing in valueless coins thinking dey will be like Bitcoin. but never did as Bitcoin. all gradually disappeared. And that made me regret no investing it on Bitcoin then.

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

In as much as I’m not not a big fan of altcoin/shit coin I still won’t use the word “never”.

There are times when a hype comes or you carry out a research for a shit coin and find some potential because of that you’ll use an amount you can afford to lose and when they eventually lost it you’ll sell immediately and make your profit, so sometime shitcoins still give us profit… the only time I’d suggest that someone stay away from is when they are new and know nothing about coins/token and don’t have a single clue on what to watch out for when conducting their research that’s when they should back off and stay with bitcoin until they are ready then they can diversify their portfolio.

Lol, so you what you meant?

Your subject title.

The last sentence of your post.

There's no such strategy if you want to make a quick profit from shitcoin, it's pretty much like gambling because you're go big or go home. In your experience, you're go home.

I'm not interested to check my portfolio for every day, every hour, every minute or every second, that's why I avoid to invest in shitcoin.

There are thousands of shitcoins. That is one of the reasons it is hard to find the right shitcoins. There are many shitcoins that do better in the past, they increased significantly and nearly all of them are now back to the price they were in 2020 when bull run started. If need be, I can name many of them and their prices. So people that are smart gamble with them, make money and convert to bitcoin.

To hold bitcoin is better. If you hold bitcoin and you are having unrealized loss, you do not need to bother to have losses which is unrealized and not that significant like altcoins, you just leave your bitcoin holding alone and the price will increase and get to all-time-high and you will make more money. Holding bitcoin is better, but some people use low amount of money to gamble with altcoins while the largest bag they hold is bitcoin which can be more than 70% of their holdings.

"Investing" in $hitcoins with a medium to long term is very risky. Any of these can be
"the next big coin" and then be dumped for "The next big coun". Investing for the short
term to day trade can yeild some gains though.

Thinking any $hitcoin can follow Bitcoins journey is pure folly but unfortunately there
are a lot of people who just dont understand either Bitcoin or the $hitcoin market.

Some people are being moved by the hype from various social media believe me or not if we go further asking op how come he knows about the particulars shitcoin he invested he wouldn't mind saying is from facebook or twitter.
Social media today has deceived lot of people going into over hyped coin, a highly paid advert coin to deceived people to invest into such projects without making an adequate research about those shitcoin.

Actually most of the shitcoin are a kind of gaming or do I call it gambling, where you invest and don't hold for long time maybe you could hold for period of months haven made 4 to 10x then you quickly sell without waiting to make 50x of your investment I think that is were most investors always got it wrongly. Whomever that wants to enjoy investing in altcoin shouldn't hold for long or having this mentality it would soar like bitcoin.

It would be more accurate to say that bitcoin is the mother rather than the father of all cryptocurrencies because only the mother can reproduce. As people have watched bitcoin develop, many have begun to consider making their own cryptocurrency. Bitcoin is where shitcoins first appeared. All cryptocurrencies have their roots in Bitcoin.

Then some people had the good fortune to make some money with shitcoins, but let me warn you that about half of them lost all of their money with shitcoins; my own explanation for this is that they all mistakenly think that they can make money with shitcoins while blindly digging their own graves.

As for you, it's never too late to make an investment in bitcoin because those who bought it for less than a dollar today have fewer of it, and those who acquired it when it cost a thousand dollars have the most of them. You should begin right away; this is the right time. We are all anticipating a bull run, so it will be simple to earn more money with it right now. I'm thrilled that you realized this chance at the appropriate time, so take advantage of it.

Bitcoin is really a very strong cryptocurrencies that fact is undeniable and is the root of most coins or the inspiration behind most digital currencies.

Many people fail to understand the characteristics of Bitcoin or do not look at it at all, after hearing about Bitcoin they just rush to make such investment. That is what I consider misconception, you also misunderstood the meaning and orientation of Bitcoin that is what lead you to such mistake and sorry for that experience. That wasn't the intention for you to know about the success of others in Bitcoin.
You know, shitcoins are considered to be shit because it does not have a clear vision on what to really impact or offer, this shitcoins are ideals of individuals who on the cost of looking for what to create they have to build an invention on another person's invention.
Looking at most of the shitcoins they do not have a Blockchain technology of their own, they relay on other chains inorder to work. Which means it is not strong enough to make a good progress most other successful coins you see now have their own blocks, the stress of create a Blockchain is what most shitcoins avoid and making it very much useless to some point.(for instance: if I create a coin with out much investment in it, just created it on another platform. What ever happens will be non of my business after all I didn't put in my money so I have nothing to loss ) that is a typical language of shitcoins developer.

I hope I have made something clear to you now?


Like your topic said (never invest in shitcoin) avoid shitcoins it can rub shits on you and your career entirely.
Don't engage your self with anything that has to do with shitcoins if your knowledge of cryptocurrencies is not enough to engage.

I have done this a couple of times and it has never favoured me for ones. There was a time I invested as little as $20 into several projects and I couldn't recover my investment. I even bought Luna some weeks after the crash, hoping it will bounce back but to no avail. If altcoins work for you, then follow your style after all, it is all about making money.

His choice of word might appear too strong but it is obvious he is coming from the angle of a bad experience with shitcoins.

Shitcoins are are easily and heavily manipulated.

When you see those big gains on crapcoins it is the whales manipulating the prices to suck you in so they can dump on you.
They are not sustainable. Only the whales (the large bagholders who had access to the premine) are making money on crapcoins.

Exactly because I am very is only Bitcoin you can invest for long term and you will get profit on it is not like shitcoin but I don't have any interest on it because i just believe in Bitcoin investment not other coin again because is only Bitcoin investment they introduce to me and i enjoy it because he brings me profit i don't think they will get better investment that will bring you huge money than Bitcoin because is the boss of all other cryptocurrency, and I don't think they will get better investment that will Another coin that will compete with Bitcoin in the feature, I appreciate how Bitcoin is centralized because if you don't have enough money to invest in it, the price can fall at any time and you can invest in it, and the price will rise and you will profit from it, but I don't think shitcoin has worth, so don't combine it with Bitcoin, since BTC is the best in crypto.

Bitcoin is the best investment for the long term, especially if the person is still new to the crypto industry. But shtcoin might be easy to manipulate causes for the market to be highly volatile, but it's actually good to invest in them for the short term. I actually do this, some shtcoin might be literally sht but some of the projects have potential to invest with. But it's not recommended for the long term, you will have to sell it for a quick flip. You really need to research the projects like their roadmap how they will benefit the holder something like that. They don't need to stay away from it if they are newbies, they could invest with a small amount first so they could experience the difference of Bitcoin to shtcoin, but it would be best if they already have the background and knowledge on a certain coin/token.

The market is not the same for everyone, if you made a loss then someone at the other end made a profit, now if we try to look at the reasons of why did you made a loss and why others made a profit. Then, we will come to only one or a few possibilities, which are they made those profits with Luck or they did a better analysis than you and did not take shitcoins as BTC. Because that's the first mistake you made there.

If you really think BTC is the King then my friend there is only one king and that is BTC as we all know it covers half of the market dominance of the overall crypto sphere. So for a shitcoin to compete with it, needs a hell lot of attraction and trading volume so that its market cap would surpass Bitcoin's.

You my friend made a big mistake here and faced the loss and now trying to hear other's stories, well I also made lost due to my mistakes.

There is a safe play with altcoins investment, if you want to invest in altcoins, go for those that are listed on the Binance exchange that have not seen any bull market before, either they are backed by VCs or not, they will do very well in the next bull market.

Many altcoins will die in thousands, between 2023 to 2024 before the next bull market, this is not new, in a bear market, you should be careful with altcoins, follow the hype and take profit, then buy back later, it's how I made some money from AI and RWA hype and all those coins are down right now after the short term pump.

I believe the best time to start buying Altcoins is in 2024 after the halving, that's because a recession ks still possible between now and next year, also most altcoins will make new lows in 2024, altcoins investment is a more risky play, but if you can play your cards right you will have successful stories fo tell.

In my opinion, considering cryptocurrency as an investment instrument equates to embracing a high level of risk, including Bitcoin. The presence of so-called "shitcoins" is intended to provide alternatives, but their projects typically struggle to sustain themselves over time, resulting in a greater risk associated with shitcoins compared to Bitcoin. Fundamentally, Bitcoin far surpasses shitcoins in terms of quality. This implies that those who profit from shitcoins often merely perceive themselves as fortunate, perhaps due to certain individuals artificially inflating prices, allowing investors to capitalize.

To date, for serious investment purposes, I have never recommended shitcoins as a solid investment instrument. In fact, going all in on shitcoins can be quite perilous.

When I bought it within the shortest period of time it skyrocket ed. When i saw my wallet I thought I was rich with several thousand of dollars. When I want to swap, its said something like low liquidity and the amount to be swapped was even not up to 2 usdt and the transaction fee was way higher Dan what was to be swaped. Msybe it could be that the ones I investment were not good enough.

Even me I would say it is quite hard to do proper research on shitcoins because almost all of them look decent from onset and usually generates large community. Some of these things are part of what one will check to see if the project is a legit one but along the line they would still dump the token after scamming users. So the best thing is just follow this your pattern and only invest an amount that you can afford to lose.

Also one thing I notice about shitcoins like you have pointed out is that whenever they start dropping in price avoid investing in them thinking they would raise again because most of them do not probably because it is a rug pull by the team. This has usually been seen after every bull run where you see shotcoins showing potential turn to dust because it’s team have achieved their target

The solution to this problem is simply to follow your title "Invest only in Bitcoin and never invest in shitcoin". Don't ever touch shitcoin anymore, then you will be safe and never have to suffer those stupid losses again. Everyone has their own investment views and I don't hate people who invest in shitcoin because it's their money, they can do whatever they want. But I would not encourage anyone to invest in altcoins, especially newbies because they are nothing more than a gamble, not an investment.

All part of the crypto experience, right? As everyone knows, Bitcoin sparked the crypto revolution. Its name, its fame, its growth - they've all shaped how we perceive crypto today. However, not all coins are Bitcoin, right? Like you and me, many found altcoins appealing because they thought, "Hey, if Bitcoin can do it, why cant these other coins?" Wow, were some of us wrong.

Investment in "shitcoins" has been a rollercoaster. Some prospered, while others, like you, suffered. But there's always a bright side. Instead of complaining what could've been, learn coin basics before investing. Lack of knowledge is the issue. Read, join internet forums, share experiences, and learn. Every coin has a story, and if we listen, we might not repeat the same mistakes.

This is the unrealistic dreams the project founders are selling to newbies investors and they're buying into their liars, nobody knows the next shitcoin to top the charts and unless you're lucky you'll be wasting your tirme investing in them as you'll lose your money but when you Invest in Bitcoin, you can't lose because we don't have multiple Bitcoin and whenever the market become bullish again, you can be guaranteed that Bitcoin will be among the cryptocurency that'll increase in value because it's the most trusted cryptocurency that investors will be investing in at anytime but altcoins get different interest from investors based on what's trending as of when the market becomes bullish. No altcoins can be guaranteed to give you profit during the coming bull market and upcoming ones but if you Invest in Bitcoin, your investment will always be guaranteed of an increase in every bull market.


The mother tag should go to Ethereum, because Ethereum birthed most of the altcoins in existence and that's where shitcoin became easier to launch. With Ethereum scammers will able to duplicate their code and call them different names all in an attempt to defraud gullible investors and from the rate at which we have multiple shitcoin trading, you can say they have succeeded and there'll be more in the future because every bull market comes with its own trend of shitcoin as scammers launch new project using the trending layer 1 projects. Bitcoin payed the way for all cryptocurrency but upto this date no one has been able to duplicate it.

Shitcoins in bearish times tend to fall more than they rise, even though it's only short-term, they won't be strong in the market unless bullish really arrives.
I won't say anything more because I have previously invested in shitcoins with profits and then losses again. This is not strange because the risk in shitcoins is really ready to lose all your money completely.
You invest in bitcoin means you don't need to worry considering this coin is one of the best investments - currently I myself have focused on accumulating bitcoin rather than altcoins or other shitcoins which are full of doubts.
It's not that I won't deny that shitcoins are all bad, once you can analyze the right shitcoins for the short term with 10x it's already better, still the risk behind it is quite high.

If you ask anyone why you buy altcoin, you will find that the main reason is financial reasons, either because of staking or because of investment, but the motives for using Bitcoin may be much deeper than that not noly investment but exchange to fiat money, or due to the decentralization of the network, or as long-term savings.

In most altcoins, you find that development takes place at the beginning and then the project turns dead because the developers and primary investors have reaped profits. Therefore, you rarely find projects that have continuous development, unlike Bitcoin, in which almost every year there is either an improvement in scalability or an improvement in privacy.

That's the trick here mate, they use the whale to pump these coins so you would be tempted to buy and after you have bagged their shot coins. They abandon these projects. A lot of creators make profits from these shit coins because sometimes they have been able to rug their project, causing loss to those who invested in it. There are over thousands of altcoins out there today, but just few are managing to meet up with some standards. New coins continue to be listed on the coin market but they have no future and such I don't give any ear to them no matter how much they are today. These new projects are created with the sole intention of making a quick profit for their creators, and they may lack transparency or a genuine commitment to their stated goals.

Why invest in shitcoins when you can invest in highly profitable coins like Bitcoin and Ethereum or other top coins with a clear footprint that have the potential to generate profits especially in the long run, it is recommended for beginners to learn everything about crypto, especially on the coins they are going to invest.
If you don't have enough knowledge about crypto, especially about shitcoins, it's better to stay away from shitcoins if you don't want to lose your investment. And it's a good idea to choose the top 10 or 20 coins to minimize the possibility of big losses and prioritize Bitcoin, because Bitcoin is guaranteed to provide excellent returns, especially in the long term.

From what you said, you invested in scam coins that have no liquidity whatsoever and are being created every hour on DEX exchanges. Right? They are even worse than shitcoins, I often call them scamcoins and only newbies fall into those cheap traps. This proves that you are seriously lacking in knowledge, so you should not be curious about things that you do not clearly understand. Staying away from shitcoins traded on DEX and better yet, not investing in altcoins is your best bet.

You mean Ethereum and the top altcoins are not shitcoins? So how do you explain altcoins like BCH, NEO, and EOS...they used to be topcoins and made many people lose money, and hardly anyone mentioned them? Or most recently, shitcoin Terra, it once reached the top 10 on CMC and also became a scam in 2022. All are shitcoins except bitcoin because there is no guarantee that topcoin or ethereum won't turn out to be a scam project.

The difference is that bitcoin was created to be an asset, a peer-to-peer currency. Meanwhile, from the beginning ETH has raised capital to create project with the aim of making a profit, and the remaining altcoins all follow a similar model. They can become scammers at any time.

People know Bitcoin is the best coin to invest in when it comes to cryptocurrency but still people distracted of investing on shit coin just because they want to make quick money from it. People feels bitcoin takes time to give profit that's is why they pick interest to invest in shitcoins. Bitcoin is very safe to invest than other cryptocurrency,  bitcoin is well decentralized.  Investing in shitcoin is very risky,  the way people make money from shitcoin that's the level of how risky shitcoin.  It is never advisable for newbies to invest in shitcoins because they may end up losing all they have.

You already said everything yourself, some are lucky with investing in shitcoins, while others are not, that is just the way of life, a man's food can be another man's poison, where a man soared and reaped, can be the same place another man would soar and get wrecked.

The same way you have invested money in shitcoins and lost it, same way also have some invested in bitcoin and due to lack of patience, lost as well.

The long and short of it all is that, when looking to invest in a coin for the long term, bitcoin is the best choice, but when looking for short term profit, good shitcoins can give that, but you have to be extremely careful which shitcoin you re investing in.

If we discuss the top coins, then for example, just take the top 100 coins 5 years ago and see how many of those coins now remain in the top 100. I assume that the same thing will happen in the future, the list of top coins will be updated and we won’t remember many of them , or if we remember, we won’t see them in the top list. I decided for myself that I would invest only in Bitcoin, and maybe this will not bring me the maximum possible profit, but I will be calm about my investment.

Still, a lot of things need to understand in the crypto world and one is to know what is the best coin to invest in. You think OP that altcoins are shitcoins but wondering why many people are still investing in this even though they know that altcoins are worthless? Maybe you also need to understand that not all of them are shitcoins, there are some that you need to find. Besides, earning in cryptocurrency is not all about choosing the right coins or even choosing Bitcoin alone but also, it matters how we manage our investment.

Market players who think about profits, they will play their trading strategies on all types of coins that have the potential to bring big returns in a certain time period including one or two altcoins.

The ease they will get in bitcoin and the difficulty they will receive lies in choosing from the many types of altcoins and shitcoins to trade. When they want to choose some shitcoins, their strategy often misses the goal they want to achieve so they feel that the method and strategy used is wrong.

If they use a strategy to expect large returns on bitcoin over a certain period of time, I think the strategy used is not as difficult as when they choose altcoins or shitcoins. They just make a decision when to buy and then hold it until the time comes to sell again.

Why do many people know gambling is not good but still put all their money into it? It's all because they want to get rich quickly, and that's why many people still ignore warnings about the risks of investing in altcoins. Altcoins are like gambling, if someone is lucky enough they can become rich quickly.

In my opinion, we should not ignore opportunities beyond bitcoin, but we should also not trust too much in altcoins. They are only suitable for short-term investing and gambling rather than considering them as potential long-term investments.

Not sure what you really mean with "Because they want to get rich quickly" I don't think that's the essence of gambling. Of course, gambling involves money and we all wanna win, right? I guess you stuck with that thinking for a very long time, gambling isn't a rich quick scheme, it is just a way of entertaining yourself with stake. Perhaps you are pointing to those who all in their money without thinking what could happen if they lose.

Long term investment shouldn't be a thing with altcoins, it's pretty much obvious for the past years, they are just hyped coins in the market where they create a very noticeable bubble. Bitcoin on the other hand is such a huge potential winning coin in the long run.

Bitcoin's a solid investment, and I do believe it's way safer than altcoins. But at least two things should be pointed out.
1. Bitcoin has already experienced immense growth, and expecting it to rise 50x, 100x is unreasonable. Even a 10x rise in one bull market sounds very unrealistic to me, but 50x is unrealistic even over the course of a few bull runs, I believe.
2. Altcoins are very risky and tend to fail implementing whatever they were supposed to implement. However, many of them do experience a lot of growth, even if it's temporary. So it's understandable why it can be tempting to some investors.
I've just opened Coingecko and sorted the coins there by the biggest gain over 7 days to find an example. The first one's Rollbit, and in grew 50x since April 2023, so in less than 2 years. That's just an example of the kind of thing that's highly unlikely with Bitcoin these days but can still happen with some altcoins.

Actually, it's not just Bitcoin. Altcoins with sustainable development such as ETH also have good potential.
ETH is even the axis of all altcoins and various networks that exist today and the network at layer2 and even layer3 is a continuous development.

Choosing the top altcoins with continuous development will provide consistent profits.

I also invest in Bitcoin and options other than Bitcoin are ETH and some top altcoins.
Diversifying is a good strategy to implement rather than just putting in one basket.

I would never prohibit anyone to buy anything including shitcoin, because it's their money, and it's their choice, tho if I know the person personally I would advice them to do more research on those shitcoin, and prepare for the worst. I know that most of the altcoins is just a fraud, but many of them is also worth buying.

I agree with you: bitcoin is always supposed to be your main investment in the crypto world but if you have some extra money I don't see why not try to take some risks buying some altcoins: sometimes the project can actually be good, sometimes is just about luck, I still remember what happened with Doge and Shiba, both coins are completely useless but there are people who made a ton of money thank to them.

We're all very smart in hindsight. It is very stupid to regret something when you have already realized that it does not work. Then, when you didn’t know, you made your choice and this experience will always remain with you. You shouldn't regret it. There are coins that gave a lot of X and thanks to which many people got rich. Bitcoin can now double or triple or quintuple roughly, while another coin can give a huge multiplication. If you had a negative experience, this does not mean that you will not succeed in the future. Believe in yourself and everything will be fine. Good luck!

When there are discussions like this elsewhere, I've been seeing people claiming that their last hope could be from the shitcoins.
I can't blame them because they've seen people that made a fortune out of it and another reason is they think they're all late buying bitcoin.
And as a common answer, they all think that it's already expensive. Those that were able to make a lot from shitcoins or meme coins, congrats to all of you but we don't have the same crypto journeys.

In which ever currency you have chosen to invest your hard earned money on, always make sure that they are worth it, most altcoins are not that bad in as much as most of us are not in support of it because of its unpredicted future, there are still some which is worth our investment, so it’s important that if we are research ful enough to identify those we can invest on them but they are not to be consider to be hold for long time.

Bitcoin and few altcoins are what proven there worth and value which we can now trust them to be a long lasting asset, Bitcoin in particular should be the top among few coins which one can hold for long time, as for shitcoin they should just be consider as a way to buy and take any little profit that it can give in any given time.

From the word shit, it's a clear manifestation that shitcoins will never be reliable investments. Although we can still diversify our investments and put some minimal amount on shitcoins, but make sure to prioritize bitcoin over other crypto investments. That is to prevent our funds from maximum losses, and by prioritizing or putting a bigger allocation for bitcoin, at least we can say that we will still be profitable in the end even if there are also some minimal losses at some point.

I think some sense of openness towards other projects can't hurt. That doesn't mean anyone should shift their BTC holdings into some alternative cryptocurrency, but absorbing new developments and understanding potential future technology has never done anything bad to anyone. If you are talking about all those ICOs that were intrinsically worthless, then I agree. But in general I like to read up on new stuff that I find interesting and if there is really some available cash, I wouldn't mind investing some if a project gets the basics right and has some innovative technology to offer. With the basics I mean not some hot air white paper, but maybe some prototyping that already makes sense and is practically useable. I think any inflexibility is as bad as greed and dumping money everywhere.

You would really be normally be making those self realizations on the time that you would really be that committing those mistakes on which everyone did really have done the same mistake but surprisingly there are still those people who do really love on engaging with shitcoins and doesnt really mind about the huge risks imposed to it. There are really ones who do really love on playing with fire and doesnt really been bothered about the potential risks that they could really be able to deal with and they would really be just simply focusing out on the money that they could potentially make once it would boom out.Yes, there are coins that made it through
but most of them do wither and die on which it is really just that a common thing that do happen.

You could always have the option as long your finances or capital would permit you but i do agree into those words that nothing beats out if you do make out some prioritization
on having Bitcoin allocates on bigger percentage on your portfolio even if you do consider some altcoins too on your bag but of course it would depending on preference
since not all would really be that a solid support or fan of Bitcoin and do consider out other projects which i couldnt blame because in speaking about returns then those
cheaper ones does have chance on hitting xxxx in price.

Sure, people only invest in altcoins, they won't use altcoins for payment purpose like Bitcoin. People choose altcoins because altcoins prices are move volatile, it can increase more significantly than Bitcoin. The reason is clear, people is eager to get higher profits from altcoins investment. It is surely different with Bitcoin, there are people to use Bitcoin for any transaction. In some countries, Bitcoin can be used for paying goods or services.

Agree. Most of new projects only grow in the early stage, before the tokens/coins are listed in exchanges. But when the public sale is over and the coins/tokens are listed in exchanges, the projects will begin to grow slowly. Then, finally the projects will stop or dead after the developers/team have gone and never come back to update any information about the development of the projects. Sure, only Bitcoin that is really proven, it never stops although it is already more than 10 years.

Many people are aware that Bitcoin remains the market leader and the father/leader of all cryptocurrencies.


Maybe during these times you didn't do your own research first, so in the end your capital ended up in nothing, or maybe you got carried away by the hype of the shit coin you are talking about.


If there are people who made a lot of money in meme coins, it's because they saw the trend and hyped the meme at that time. And there were also many people who were embarrassed and said shitcoins were invested by those who believed in Shiba Inu, Pepe Coin, and others.

It just means that we shouldn't be judgmental about a porke meme coin; it's shit right away. Do a DYOR first, and when we prove the meme coin is not real, we say this coin is shit. Because the word meme is not bad, in my opinion.

I don't consider shitcoin investors as investors, I consider them to be gamblers.

How on earth do you invest into something built on nothing and expect it to last?

It's purely a gamble and whatever comes out of it is expected, my only surprise is that the shitcoins have more supporters than real projects.

As much as I believe in Bitcoin, there is also a saying in investment that goes like "never put all your eggs in one basket".
I know that the market is filled with so many shit coin but that doesn't mean that there are no altcoin that is worth it for investment or holding.

We have been over this. Bitcoin is the ultimate shitcoin for having a mining algorithm that was never designed to advance science. And as a shitcoin, Bitcoin attracts nothing but shit humans. Shit.

-Joseph Van Name Ph.D.

Many investors profited because they diversified their investment. I believe Bitcoin dominance in crypto but if you diversify you can maximize the possible chance because there are other coins that will increase in value 10x especially if there is a bullrun which is not happening in Bitcoin by itself as of today. Because if you stick to one coin, if the price dump or maybe do a rugpull, you won't be able to recover, it would be good if you invested in Bitcoin because it is safe from such scenarios.

There are legit altcoins that many people invest in like xrp, eth, matic and solana, and it's good to invest in them.

Shitcoin or altcoin are pour gambling at least that is how I see them,  because the only time their are successful is when their are at their sell stage when they want to get potential investors who will invest into their imaginary projects coins,  the major channel that their get through to their potential victims is through social media and other channels that most in informed users visits in search of. Knowledge pf cryptocurrencie,  and instead investing in Bitcoin most time they get received and diverted into investing in those coins that end up scamming them.

And one of the things that those shitcoin influencers uses to deceives the victim is the slogan that Bitcoin is already too expensive and won't give them quick gains,  so they buy and gamble with those shitcoin thinking it does make them rich quickly which will end in regret for them,  I don't know if this happens to them because of the greed or another thing, but then it should be Bitcoin always instead to gamble with your resources.

True, I also have a good amount of profit from shitcoins what matter is the timing of entry and exit.  If we messed up in our entry in these shitcoins, then it is a sure lose for us.  I think engaging with shitcoin investment is for those people who can afford to lose their capital.  If we want a more secure investment, then I would also suggest investing in Bitcoin.  Since Bitcoin has high liquidity and huge community, even though it is highly volatile, the adoption can propel its price to recovery and even to new ATH which can lead to profit for investors.

Tbh how many people do their due diligence before buying altcoins? Do they really consider the blockchain the project is built on, the use-cases of the coin or the just their gut feeling. I agree that 80% of the successes people have had with altcoins can be attributed to luck. There is no telling which coin will succeed and which will fail. The crypto market is so unpredictable, who would have thought meme coins would have any value but some were lucky enough to make good money from meme coins.


Also I think you should make a habit of previewing your posts and checking your spellings before you send them, you seem to have misspelled a couple of words in your posts.

You are not one of those people who made a lot of money by buying and investing in Shitcoins. All these people are very lucky but you bought them to be not lucky but more damaged. Shitcoin investment is not suitable for you. But if you invest in Bitcoin instead of Shitcoin, it is worry free and reliable even if you have little capital. There are many people like you who suffered from the same greed as you and later realized that investing in Shitcoins is completely stupid. Bitcoin is a valuable coin no matter what anyone says. Because Bitcoin is currently one of the most popular coins among people all over the world.

Altcoins are like ponzi schemes - they grow until they crash to the ground. Those who invest late lose everything or at least a lot. You can never know when the really will end and the coin will start freefalling. Even if you bought earlier and have unrealized profit, you can get burned if you fail to sell it.  There's no safe and reliable strategies for trading altcoins even if you recognize that they are worthless in the long run. The best play is to not play that game and invest in solid long-term assets like Bitcoin.

This is the kind of idea that many influencers are peddling all over social media. They are banking on the fact that many crypto newbies regret that they came late. They didn't really miss the bus, of course, but they arrived when BTC, ETH, and others are already expensive. They emphasize how all the shitcoins like Doge, Shib, and the like have already pumped hard and that they shouldn't miss another opportunity this time around. And then they proceed to promote a new shitcoin. They are shills, of course. Either they're paid to do it or they're heavily invested in it.

This is nothing but a trap. They highlight low prices, low market cap, and so on. These are baits. If you want to risk on new and unknown shitcoins, be aware that you're likely to lose than to profit.

Why does shitcoin have such a bad reputation? Because shitcoin tends to be a tool to scam newbies or other crypto currency holders, this coin tends to have little to no value so that it could easily attract investors as it is cheap, but that is their purpose; the more you buy, the more they earn. and this coin has no immediate discernible purpose. The diminished value of a shitcoin is often due to failed investor interest because it was not created in good faith or because its price was based on speculation. So it is not recommended to invest in this kind of coin if you think it has no purpose, no reason why it was created, or no solid project.

Bitcoin helps me a lot in my trading career, journey and it gives me a lot of support whenever I need any support in any aspect of trading, surely I can say I didn't get that much profit from any coin, but the profit gives me bitcoin. Although some shitcoins also give me a decent profit in the trading journey at first there will be always bitcoin. I can say, that Dogecoin gave me a huge profit when it was listed on the exchanges, at first I got profit from it, but I had also been involved in the loss it gave me after some months. So, from meme coin we can't expect as that of bitcoin, meme coin is for short-term trading in my opinion and other class coin like bitcoin is for the long term and a good investment position as well.

But the problem I'm seeing is one can invest and start from a very small amount in other shitcoins whose prices are low at the moment, but in bitcoin, we have to invest a little more as compared to other cryptocurrencies, this is due to the price of Bitcoin that is about $27k, which is too high and if someone invests in bitcoin less, the profit will be less as compared to other coins.

I think that you lack proper knowledge, and that is why you think maybe other shitcoins will work like Bitcoin, not knowing their real gamble. Anyone who has good knowledge and understands how Bitcoin works can be able to differentiate them, and such people will never think of investing in shitcoins. I am not always interested in them. Right from the day that I was introduced to cryptocurrency, I was directly introduced to Bitcoin, and the person explained better to me the differences between them, so even though people are making thousands of dollars from it, I have not always gotten attracted because I know how those many shitcoins operate; they are just pumps and dump coins, so for that reason, I referred to be in the save lane and hold only Bitcoin, even though the profits are not that much. Gradually, the profits will be increasing.
 

Although it is undeniable that they are not earning thousands of dollars through shitcoin, I don't think I have any knowledge of it. I have pals who earn thousands of dollars with shitcoin, but is there money available right now? Many of them invested it in other shitcoins once more, and as a result, those shitcoins are currently in significant decline. They aren't even sure what will happen after losing anything like 80% of their money. While I don't completely discourage people from using shitcoin, but never put a significant amount of money into it because, in my opinion as a serious gambling and with that shitcoin is all about luck.

You do have a point, I buy altcoins to enrich myself in the next bull market, because altcoins has the ability to make me more money than Bitcoin and I buy Bitcoin also to make some money and I am int Bitcoin for storing my funds, safer from inflation and with the package of decentralization I can't go wrong with Bitcoin ever, still altcoins are on my radar, those 100x to 1000x are still real and they always happen, that isn't coming from Bitcoin ever again.

You are wrong when you said that people invest in altcoins because of financial reasons, even whales and VCs are into altcoin investments as well, this is where the real money can be made, with $100 in a good altcoin you can make thousands of dollars, try that with Bitcoin and see what happens, Bitcoin is safer and still profitable on the long run and altcoins are more risky but also have higher ROI potential.

The problem people have with altcoins is putting their eggs in one basket, that's best with Bitcoin but not altcoins, because alts carries the biggest risks of all, they can pump now and dump forever, but the risk to reward ratio is just worthy for me, diversification with minimal amount of money in altcoins will win you a lot of money.

I totally disagree with you that those altcoins in Binance exchange is safe to invest in. Altcoins remain altcoins, and nothing can change it. For you to invest in altcoin, it means that you will not have rest of mind in your investment because you will be busy checking your portfolio, making research. It is better that you avoid it because it doesn't worth the stress. It is only greedy people that get carries away with the hype and think that they can make 100x profit, and before you know it, you will run at lost.

It is better that you avoid altcoins and only buy bitcoin because it is easy to make profit from bitcoin, all you need to do is to be patient with your investment and hodli for one circle or more but altcoins are short term investment and it is like gambling that the risk of losing is 50-50. Bitcoin is the only cryptocurrency that will survive as time goes on and it will also increase in value.

I think everyone knows it here, with low-cap altcoins and stuff like that always comes big risks. A lot of people were brought into crypto by memecoins. That's one of the saddest things IMO. Because sooner or later they disappoint them.

Sounds good to say about invest only in bitcoin but you are just missing some point of other perspective since for sure there are lot of altcoins there can possibly give you a profit. And if you put all of it in one basket which is bitcoin for sure you have high chance to get stuck when bear season occur since for sure everything went down and that can affect your investment. Unlike if you distribute it to top altcoins then wait for proper movements then it can provably give you a good result and you will never get any worry to get stuck since you have so many option to choose especially if you decide to sell and secure some part of your capital.

Some became lucky on shitcoin but it doesn't convert to other people since some other gets a bad faith. But if you are very vigilant then maybe this shitcoins can give you some short term profits that's why we need to use our brains before deciding to accumulate some of this tokens.

Are you saying this to us because you didn't earn any profit investing into shitcoins, eh?

You also said that "I thought shitcoin also has that potential". It's on it's name already. SHITcoin, meaning it will just give you some sh*ts, and will not give you anything good. Potential? On shitcoins? Are you serious OP? Why expect too much on them when at first they are already being called as shitcoins. :D Don't make me laugh that hard. :P

Kidding aside, I believe that you posted this because of your emotions, and the fact that you lost money investing into these type of coins. I know that there's nothing wrong with, and I hope that you learned from it as well. On the other hand, I don't agree with you though to what you said. Invest only in Bitcoin? I know that many altcoins will just die in a few years, but there are altcoins out there who are still there for a long time, and established already. I believe that investing into those type of coins is still a good investment.

Don't look on Bitcoin like "the only coin to invest" in the crypto market because there are still good altcoins out there that's good to invest as well. :)

The lifespan of altcoins is short because they were created for speculation without any real technological innovation as they claim. Once the trend passes, projects will also disappear and new trending projects will appear and that is how the altcoin market is working. So throwing money at altcoins, even top altcoins is extremely risky, or rather they are all shitcoins.

In my opinion, Bitcoin still brings maximum profits but in its own way and we are also safer when investing in bitcoin. Maximum profit is when the profit reaches the goal we have set, not the biggest profit because if our greed has no bottom, no amount of money will be enough for us.

Greed can interfere not only with the purchase and high expectations from altcoins, there will always be those who will buy Bitcoin and expect a very high price, but even in this case, I am sure that it will be much safer, because over time Bitcoin will rise in price and will allow you to get profit.

But this trick will not work with altcoins, because in this case time will play against you, the longer you hold, the more likely it is that you can lose everything. And you are right, the maximum profit is not the one we could get, but the one we can get from our investments. We make the right choice of investments and make a profit.

It's okay to think like that when you first get to know crypto because many of us also think the same. But after we got to know Bitcoin, many shifted their investments to Bitcoin even though they still invested their money in altcoins. That's because they see that some altcoins have a chance to increase.

And if you are more focused on investing in Bitcoin, that's even better because you don't need to look for altcoins. This will also reduce the time to search for coins because you only invest in Bitcoin.

But if other people continue to invest in altcoins, that is their choice because they may have already found the right altcoin to invest in. They want to try the opportunities that exist by investing in altcoins too. So investing in Bitcoin alone or even in Bitcoin and altcoins at the same time is each person's choice. And that is normal for investors because they already know the risks.

Shitcoins are scam coins, and of course, you should stay away from them. It's a big gamble if you invest in them. The strategy is to get in early and get out at the right time, but since they're scams, there's a higher chance of losing money.

Just choose Bitcoin if you don't want to risk failure again. Bitcoin, often referred to as the father of crypto, may not experience the dramatic price spikes of x100 or x1000, but at least its price tends to rise steadily and slowly, which is safer compared to investing in shitcoins that are likely to deplete your funds.

If you're interested in investing in altcoins, you might find some with potential for a 100-times return, but based on the historical performance of altcoins, the chances of success are very low, probably lower than 5%.

Yes, it's true, the big bet for beginners in the crypto field is investing in shitcoins. but on the other hand, if these beginners invest in shitcoins, it is not only a big risk but also stupidity or negligence in choosing investments. Maybe if beginners read these posts they will think twice as hard about where they choose to invest.

once again, if you want to start investing, start by investing in bitcoin, nothing else. Learn first before falling for their promotion. Affiliates will definitely continue to look for effective promotional methods so that you fall for their bullshit. But also remember that everything called investment, especially in crypto, definitely has different risks, so please choose your own risk, bro.

Yeah sure Bitcoin is the leader of every other coins that's why almost everybody prefer Bitcoin for other coins and not because there are no other good coins to invest but Bitcoin is like the center of every other coins were as other coins could have a serious issues that could lead to crash but Bitcoin can never failed, so actually for me not that I cannot invest on other coins but my major investment will not be channel to other coins but only for Bitcoin maybe as time goes by a could be adding some other coins on my portfolio but for now the only coin I have hope on is bitBitcoin.

Perhaps they are lucky but never think that luck come to you then. If I were you, never think about it but instead, focus on Bitcoin and grow your investment in order to earn more. Investing in Bitcoin is the safest investment in crypto, holding and selling them in time gives you more profit than those people who got lucky in shitcoins.

It didn't work on you really because it never works in real life either. Your experience tells you something that to stay away from shitcoins as it never give you money instead, disappointments and losses.

I like Bitcoin, it has been tested, trusted, and I've most of my savings in Bitcoin but if I've an opportunity to invest in other projects I would. Also, you generalizing every other coins as shitcoin is wrong, would you call ETH, BNB, SOL or MATIC a shitcoin? Not all altcoins are shitcoins. Even the so called memecoins that are mostly regarded as shitcoins, if you had the opportunity of investing in Shiba or PEPE when the marketcap was very low, wouldn't you have invested? I'm a Bitcoin fan and I'm also keeping an eye on other good projects that are worth investing.

I think that btc is most suitable for long-term hodling, as for alts, there is surely a chance to get some profit if you hodl them, but, in general, they are more suitable for trading, and trading is always risky... So, for long-term it's better to collect btc. And altcoin market is a  risky thing. Most of them are really scam things, but some of them are quite stable too...

High risk, high rewards. Don't be blinded by that kind of mindset that every altcoin even has a potential will become the same as bitcoin who still holds it's value right now. A project that has a potential isn't a shitcoin, one kind of shitcoin are meme tokens who has no actual product and no useful use-case. Those kind of altcoin will just rely on hype or some pump and dump scheme that people will literally take advantage of other investors. Even old-time crypto users has bitcoin, they experienced a lot of ups and down in cryptocurrency but the view about bitcoin is still the same. It's true that the profit you can get from bitcoin isn't that high compared to other altcoins that can make you instant rich overnight but the risk you are giving when you are investing to bitcoin is for me minimal as long as you know what you are doing with your bitcoin.

Most people know that shitcoin won't last and anything good won't come out of it, but most of them believe they can make quick money from shitcoin. They believe shitcoins are easily pumped, they don't have the patience to hold bitcoin for a long time, and they believe it's a waste of time holding bitcoin, so they prefer to go for pump and dump coins. Some newbies don't really know much about cryptocurrency, they are always being pushed to invest in shitcoins, they are being brainwashed, and most newbies don't care to do more research, they just follow their mentor blindly and don't care to do their own research.

Most of them are being hyped unnecessarily, that's why they have more supporters, and people are encouraged to invest in shitcoins just because of their price movement. They are always pumping massively, so it does encourage people. When people see it pumping, they do FOMO.

Bitcoin should be preferred for a long-term investment. Altcoins are generally preferred by those who want to make a profit in a short time or who want to buy different coins other than Bitcoin. I don't know if it's good or bad to have diversity in the market. Plus, I can say that it adds volume to the market. Therefore, there will always be diversity in the market.

There were people who made huge profits from the coins you mentioned. Investing in these coins is quite risky, but still always preferred. I think we are talking about a situation that will always exist in this market.

Not all altcoins are shit coins. Some of them has the potential to grow and people are still making profits by investing in them. So I will not say that altcoins are bad. Only the professionals who have deep knowledge about the market and its movement can make profit out of altcoins. Believe me or not, altcoins are all about trends and hype. Once it fades away, it is gone.

But this is not the case with Bitcoin. History has repeated itself over and over again. So we can confidently say that Bitcoin is not going anywhere. It is here to stay. Maybe you lack in the experience and for that you were unable to make any profits from altcoins. But to be in the safe side, Bitcoin is the best choice. All we need to do is find the best opportunity and hodl till the time comes.
I am not encouraging or discouraging anyone to put their money in altcoins. It's your choice, and you can do whatever you want with your money. But just a little bit of advice. Bitcoin is the safest for investment for the long term investment plan.

There is NO QUESTION that bitcoin is indeed the best cryptocurrency out there.  But keep in mind there are other cryptocurrency coins that have legitimate utility. Monero for example has utility as a truly anonymous coin.  Ethereum for smart contracts, Litecoin for faster speeds/cheaper transactions.  But with that said, bitcoin certainly stands above all else.

Altcoins have their own uses so I do not see them as something which you should never buy. I like to use altcoins like Monero when I need full privacy or BSC/ETH when I want to use DeFi or other smart contract platforms. They are indeed very useful. However they are merely carbon copies of Bitcoin with some add ons or slight changes. The reason why this is dangerous is because we do not know how secure these changes are. We know Bitcoin has been around for a very long time now and this is what make it so trustworthy. Altcoins get hacked every other week.

Bitcoin is therefore a good option for long-term investment while altcoins are short term.

Indeed, bitcoin is the most popular crypto currency, as everyone knows. Did you know that when they mention crypto in some areas, people up until now think it's only bitcoin that is cryptocurrency? But nonetheless, people are now gradually getting to know the difference: bitcoin is the only cryptocurrency that is legit, that everybody can invest in and have peace of mind in, and no one's coin follows bitcoin.

However, bitcoin will continue to stand on its own and gain more population than the current one because we all expect a good future for the currency; therefore, with time, we are going to gain more adoption into the industry.
 

Most people think that investing in altcoin is much better than investing in bitcoin, and that is why we still have people who are into crypto, but they still do not know the value of bitcoin. People think that for them to invest in bitcoin for a long period of time, it is better to invest in altcoins that pump easily, but they forget the risk attached to such investments.

The reason why not everyone is getting a high profit from bitcoin is that it is ready to hodl for a long time. If you ever experience a bitcoin bull run, you will know that there is profit in bitcoin investment, but the problem most investors are facing is that they are not ready to invest and hold for a long period of time. However, it is not about getting rich quickly; as an investor, you also need to consider the risks you are about to take.

I'm investing in Bitcoin and a few altcoins and I've been doing this for many years which has no problem. The reason why many people have lost their money is due to investing in new projects that are scams. Because if they only Invest in Bitcoin and in reliable altcoins, I'm sure they never suffer losses but profit. Unfortunately, due to temptation and hype, many have been falling into scam projects and then putting the blame on the market which in fact, was their fault.

Of course, there is no risk in investing in Bitcoin because after investing in Bitcoin, you can hold it for a long time if you want to. On the other hand, if you invest in Altcoins, you must be careful in holding for a long time because these coins can disappear from the market at any time or be delisted by the exchange without any announcement. This may subsequently render your Shitcoin holdings worthless. So if investment is to be made then investing in Bitcoin must be wise.

Talking about risk and assuming there is no risk in investing is clearly a big mistake for me because no matter what we are in bitcoin there will still be risks that we must accept.
Although when comparing the risk of bitcoin and altcoin it may be greater altcoin and more worth it to be in bitcoin but when saying bitcoin has no risk it is actually quite naive.

We must realize that everything we do has consequences and there are risks that we must bear as our process to stay there and we know being in bitcoin is a big risk. Even if what you say by buying and holding but the question is are you ready to do that? because in the end panic as a form of risk and the desire to sell when we have made a profit even though it is still only a few percent increase is clearly a risk that must exist.

That's just bitcoin maximalist behavior. Shitcoins are not just "shit" they are valuable shit if I do say so myself.

I have encountered memecoins in the past that became even more profitable than bitcoin, albeit with the catch that they didn't really last that long and slowly diluted down into obscurity when the bull run faded. But that's besides the point. Everything in this industry has its own place, even shitcoins. Truth of the matter is, everything in this industry that is not bitcoin, especially if it's a budding project with a use-case that is not yet fully fleshed out is considered to be a shitcoin. At one point, Ethereum was considered a shitcoin, XRP is considered a shitcoin, and everything else that we're happily using right now besides good old bitcoin at some point in time is considered a shitcoin. To stomp on something just because its use-case is not yet well-defined is a little prejudiced and bad for business, cause if we did that back then the whole industry wouldn't even be this big.

Even though shitcoins don't make much profit for me, at least I get money from shitcoins, even though it's not a lot, so you could say I don't reject having shitcoins.
Shitcoin requires patience and accuracy in choosing it and don't expect too much profit like BTC. That's all my experience in playing Shitcoin.
and it needs to be suppressed and also shitcoins are not required to be an investment but only for the short term

Along with Bitcoin Shitcoin/altcoins are very important but Bitcoin can be invested for a long time if you want there is no risk but in the case of Shitcoin/altcoins you must keep an eye on the announcements of the market. Also in most Shitcoin/altcoins market it is better not to hold after the hype. Before investing in Shitcoin/altcoins there are various investment strategies that must be followed.

An investment needs to be done in a wise way, if not what we do doesn't gonna bring back profit. As suggested bitcoin used to be the right choice of investment as it can be kept hold for any longer time period. With altcoins we need to be very careful as this could go out of the market anytime. Even the trusted list of altcoins used to disappointment the investors, one amongst in recent days is the FTX. Altcoins have got the ability to provide better profit, but the risks were really high. If not one needs to be lucky enough to make good profit investing on shitcoins. This is very rare to happen, because it is really hard to invest on an altcoin that gives unexpected growth and have got good liquidity. With shitcoins we should limit the spending, so that you can keep the portfolio undisturbed in every market situation.

Well, the moment you dive into Bitcoin, it can feel like a rollercoaster, right? I like your idea of suggesting people to stick to Bitcoin because it's a safer bet, but there's something else to consider, and that's our target profit. If we're aiming for a big return, like 100 times or more, putting all our eggs in the Bitcoin basket might not be the answer. I believe there are some good altcoins out there. Some projects are legit, and it's not fair to lump them all into the 'shitcoin' category. Some developers are genuinely trying to help the market grow with their legit projects.

Altcoin season is still a thing so I wouldn't put a finality in my belief that I would never invest in shitcoin especially if there is a following behind that shitcoin that can trigger pumps, I think that there still should be some reservations about investing in other crypto besides bitcoin if we're thinking of profit and I don't think that everyone's going to disagree that if it's for profit, a little consideration should be at hand.

Bitcoin's relative stability sometimes feels like a secure harbor. Altcoins are unpredictable like fish. They seem to appear and disappear overnight. And FTX? Dont even get me started on that. It was a favorite, but even favorites sometimes falter.

If everyone knows which altcoin will boom, its hardly a profitable investment, right? Unknowns, hidden jewels, have the most potential. How do you discover them? The billion-dollar question.

Always stay informed, do your homework, and avoid overhyped coins. Sometimes luck is more important than skill.

Years back, when i was new into the term internet marketing and making money online. I jumped from one website to another.One affiliate link to another.tried so hard to generate residual income without success.

Today, i know better. I no longer chase after popularity (good if, you can figure out a specific need within a popular niche market)

No body is going to pay you or buy a popular product that they can easily get within 200 meters away from their home.

So, the idea is to focus with convinction about what has been proven to deliver in due season. Not jumping from one crypto to another experiment what has already been proven.

Yes, you can hang around and learn about one or two crypto currency as a backup. But, impossible to flow around with millions of crypto currencies which are merging out on a daily basis.


Regards

Bitcoin is launched as the first digital coin that uses cryptography technology and keeps track of transactions through a distributed ledger. And it is very reliable because it is completely decentralized and the control is completely in the hands of a user.  And it can also be mined for free. This is why it is so popular with everyone. And since it has a limited supply, it has a good value and everyone believes that its price will never make a major crash and it can never be scam. So investing in Bitcoin is always a good plan


Shitcoins provide a short term profit as there is occasional hype in them and someone who can predict the hype and invest before the hype starts can make huge profits in a short period of time from Shitcoins, but someone who invests at a wrong time will be out of luck.  A lot of losses are faced.  Investing in Shitcoins is like investing money in a form of gambling where a good fortune is useful

The solution to your problem is simple, you need to stay away from shitcoins as it is obvious you do not have the knowledge or the luck necessary to profit from them, however when it comes to the money you have lost there is nothing you can do, that money has been lost and it would be a mistake to try to recover it, as most likely in your attempt to recover it the only thing you will do is to lose even more money, and taking into account how close is the halving already, you will have no chance at all to recover from such blow in such a short amount of time.

Various countries and various companies have declared Bitcoin as a legal currency after doing a lot of research.  Bitcoin is now considered a legal currency in most countries of the world. Again, various big companies are accepting Bitcoin as payment. For example, Honda, a major automobile company in the world, recently decided to accept Bitcoin as payment. Because of which we can confidently trust Bitcoin.  And we can consider investing in Bitcoin as a strong investment. So I agree with you that investing in Bitcoin is always a good plan. And it is much more profitable than banks and other investments

You are telling a exact truth. Shitcoins are really like gambling as gambling never guarantees profit. Shitcoins also never guarantee profits. It depends a lot on luck. Most investors who invest in Shitcoin face losses.  Because once the price of a shitcoin is dumped, it doesn't recover easily. And most shitcoins go from being dumped to worthless at some point

Investing in altcoin has some risks. But there is a chance to make good amount of money by investing in altcoin. I think if an experienced person can invest in some good coins then they can get a good amount of profit in a very short period of time. But if investing in bitcoin  We have to wait for a long time to get the profit that can be done. Investing in Bitcoin will not make much profit but the invested money will be very safe.

Many of us don't know much about cryptocurrencies and often opt for Shitcoins for more profit. Lots of investors directly invest and is encouraged without knowing how reliable that coin and whether they can survive in the market in the future or not, which is a big mistake of ours. In the last bull run, many investors invested in various shill coins, some made a lot of money, while many investors lost their hard-earned money.

Cryptocurrencies are risky but should not be invested where the existence of the coin cannot be traced back to the investment. If you don't want to take that kind of risk and want a reliable long-term investment, there is definitely no alternative to investing in Bitcoin.

Bitcoin investment is much less riskier than investing in a random altcoin that a newbie can afford, that's why it is recommended while exploring cryptocurrency.

I get it that you're bitter since yours didn't work out, and your concern about newbies who wanted to invest in cryptocurrency. But, if someone wants to risk their money in shitcoins, let them be, their money their choice. Not because yours didn't work out means it is also going to happen to everybody who will try investing their funds in shitcoins.

Some people ended up getting to know about altcoins before Bitcoin, and as such, they also ended up investing in some altcoins that probably earned them little or no profit. I bought some altcoin when I first hit the space because I felt that by acquiring a whole significant figure of altcoin, I could make a huge profit if the price just made a small upward move, which most of them never did, and some of those coins are even dead with zero trading volume in the exchange they are listed. Altcoin can just make someone feel they can become rich any time the token or coin gets pumped, but unfortunately, one cannot tell the coin that will even get pumped, which lands the person into holding a shitcoin if, peradventure, the coin you bought was the wrong coin. One advantage of Bitcoin over the thousands of altcoins in the space is that it doesn't follow the pump-and-dump characteristics of those altcoins.

Some of the reasons why newbies choose shitcoins over altcoins are because they believe the potential of shitcoins is the same as bitcoin, and also because the price is cheap. They may prefer a large amount of shitcoin such as 10,000 shitcoins compared to 0.01 bitcoin. After all, we know that their hope is a multiple increase in the shitcoin they choose.
However, for those who are just starting out, and don't know about in-depth analysis and research, then choosing Bitcoin is a wise decision. Apart from having less risk than others, the potential for price increases is also better than shitcoins.

Hey, I'm just gonna say it straight up – invest in Bitcoin. Seriously, trying to hype up these 'shitcoins' is like saying there's hope in something named 'shitcoin' – it's a total scam, and you should run far away from it. Investing in that stuff? That's practically a crime waiting to happen, no joke.

Now, Bitcoin? It's been the OG of the crypto world, holding it down with stability. When Bitcoin makes a move, the whole crypto scene feels it. So, if we're down to take some risks and we're cool with it, it's probably smarter to put our focus on the king of the crypto jungle, and that's Bitcoin.

So why are you still here? You should leave the forum as soon as possible because here, you won't find anyone who hates bitcoin.  I don't know what science you're talking about, but if I had to choose, I'd still choose bitcoin and only bitcoin.  Bitcoin is giving us the life we have been waiting for so long, so I will never give up on it no matter what the reason.  no offense, but if you say bitcoin is shitcoin it shows you don't have any knowledge about bitcoin.  you need to learn more before participating in any discussion.

Texac-I can be here if I want to be. Can you not handle any criticism of Bitcoin?

"no offense, but if you say bitcoin is shitcoin it shows you don't have any knowledge about bitcoin."-Your response demonstrates what I have said about the Bitcoin community. Bitcoin's mining algorithm was never designed to solve a scientific problem, and it is possible to use cryptocurrency mining to solve an important scientific problem while still establishing decentralized secure consensus, so Bitcoin is a shitcoin because Bitcoin attracts anti-intellectuals like you.

"you need to learn more before participating in any discussion."-You cannot give any reason why I am wrong. You are just a shithead who hates science. Well, this is what Bitcoin attracts. Bitcoin attracts shitheads.

People invested in shitcoin because it is cheaper than Bitcoin. They can buy tons of it and wait until the price pumps but mostly they just wait until it dies and they were also convinced by those so-called crypto influencers that it would make them rich. I wouldn't be saying to not invest in altcoins because of just what happened to you as all of us are built differently and others may knowledgeable than you. I am not an avid fan of altcoins as I only hold Bitcoin but I prefer to say invest in altcoins cautiously rather than saying do not.

People see that investment with bitcoin is not enough to make a profit because if they have just a small amount and they want to invest with Bitcoin even though the market makes a huge move at the end of the day its just a small portion of it, unlike with the shitcoin if they hit a good coin they can easily an instant millionaire or still at the end if a huge amount of profit that's the main difference I've seen why some of them trying to risk make an investment of it than the bitcoin. Actually, they can do the same thing in Bitcoin but it takes a lot of steps to achieve this not an instant like making trade, scalp, TA, etc. to consider having this equivalent amount. We cannot blame them its their money if they are willing to risk or to play safe.

Invest only in Bitcoin - that is the thing we are supposed to do. Because why we should invest in shitcoins if we know that they will never give us profit, instead they will scam us.

Bitcoin is undeniably profitable, many people got crazy but at the time that meme coins hypes came, they even sold their Bitcoin and invested in meme coins. People often make mistakes due to greediness and they invest in shitcoins believing that this will give huge profits more than the profit that they will get from Bitcoin.

When i was new I only tend to invest in low marketcap altcoin which moves around 10% daily,
at first I made 10%-15% profit daily with my low investment then the bear market started and now those altcoin are 80%-90% in red,
Now I am regretting Instead I invested in bitcoin Then it was safe to recover my loses, because who knows the altcoin will become another shitcoin and go to decimal values.

At the early days of the rise of the crypto world the difference between meme coins and bitcoin wasn't as large as it is today. In my opinion it's wrong to disregard all other coins and only focus on bitcoin. The problem with bitcoin is that the market became quite large and mature, there are a lot of different investors and price changes are not going to be the same as they were in the early days. Expecting the bitcoin price to jump 100% in a few months is not realistic and if we are looking for such kind of returns then we need to consider other crypto protects. The big profits happen in the early stages of a new project before it's known all around the world. What has worked best for me was to put at least 80% of my money into Bitcoin and only use a small part to invest in more risky projects like meme coins. The high return possibilities of those coins also means that one successful investment is going to offset several bad investments.

To be honest my largest profits were done in Doge then BTC then ETH lastly LTC.

But I mine which is not the same as trading coins.

 Although if you bought and held Doge or BTC long enough you made some good money.


ETH stopped mining so I said by by ETH.  I still Mine BTC LTC DOGE

There are many people who have made a lot of profit by investing in Shitcoins. It is totally dependent on luck. Those who have good luck buy many Shitcoins and are now millionaires. And those who have bad luck have lost everything.  If someone wants to invest in Shitcoin, it should be completely left up to him.  Many coins will rise in price at this time with Bullrun coming and many people are sitting on this hope.  And bitcoin is very trusted coin. Investing in it is less risky. If anyone wants to invest in it, I would say yes, definitely do. It is long term and less risky to lose you all.

Speaking of shitheads, take a look at this guy:


Did someone hurt you or something? Forgot to take your pills?  :D

Cryptocurrency is a legitimate source of generating income, though I don't depend on this source because one can face liquidation in the market. Investing in shitcoins is highly tabled risky because these projects are volatile and are not prominent in the space compared to Bitcoin that is generally recognized and a promising road map in the space, those investors that anticipated in bitcoin are smiling currently because they have bagged 30x of the initial capital invested, the exact same thing apply to those investors that invested in shitcoins.

I never liked the word shitcoin, cause it doesn't make any sense to use it for every altcoin there is.

In my opinion plenty of coins have a solid reason to exist. Of course there are plenty of money making bs coins but some actually have a purpose.
Also many of the coins offer very fast transaction times, compared to bitcoin ( not lightning) that's a big plus if it has to go fast.

Another thing in investing in new altcoin, it's low risk high reward. You can make quite some cash for just investing 50$. If you lose it, well bad luck, but if it goes through the roof you can fine a nice 50-100x and more.
With bitcoin now you can only play the long term waiting game. It might take some time to even go up 100% from the current price.
Of course this is all speculation, we never know what happens. For whatever reason it can go to 50k next week for what I know. We can only wait and see.

Indeed. There should be some people who can be millionaires by investing on shitcoins. But I assume there are more people who lost their money in shitcoins. Shitcoins are untrusted coins, it has no proven fundamentals. IMO, when we choose shitcoins, it is more like a gambling than an investment. So, put our money there seem like to gamble with crypto coins. I don't think it is the right decision to choose shitcoins if our intention is to have an investment in crypto. We are better to choose top coins like Bitcoin and Ethereum that have been proven as trusted coins.

Yes, Bitcoin is a trusted and reputable coin.
But I think it is not a really safe investment, it is also quite risky. Moreover, if someone invests in Bitcoin with lack of knowledge and weak mentality. However, I agree that Bitcoin is most recommended coin for investment among the whole crypto coins.

If your are the experienced person in the trading,you can inverse in many coin based on your analysis to the trading.The trader with the less knowledge alone use the bitcoin to inverse their money.Because the investment in the bitcoin give the sure win in the trading.So the experienced or fresher both use the bitcoin to keep their investment in the long run to earn some good benefit of profit in the crypto trading.

Bitcoin over shitcoin. Bitcoin is the real deal. It is always better to invest in Bitcoin rather than an unknown coin. Bitcoin is established, and investment is always profitable, but the new altcoins are not tested, and the chances are that they might be whipped out from the market. Profit-making from shitcoin is a gamble and a one-time thing; if you are lucky, you will get a profit, and if not, you will lose your investment. If you are looking to diversify your portfolio, go for established altcoins such as ETH to earn some profit. 
It is always better to have a safe investment rather than a riskier one. Go for a long-term investment if you want to earn more and believe in Bitcoin.

People who have minimal investment knowledge should definitely invest in bitcoin, I think people who have no investment knowledge invest in shitcoin. People with investment savvy should never invest in a coin that they will never get back. Investing in shitcoin will never return that investment. One of the safest coins to invest in is Bitcoin. 
Investors usually invest in this coin for the long term. There are many coins in the market but among many coins Bitcoin is the best. A new investor can never go wrong if he observes the Bitcoin section carefully. Newbies must know well first, to know well they can use different mediums but the best medium for them will be bitcointalk forum because everything is discussed very well here.

A big crisis can cause big problems for shitcoins, but if the bulk of your portfolio consists of Bitcoin then you can feel safer. Ethereum is not the only altcoin that you can buy, and I even think that it will not bring much more profit than Bitcoin, so I don’t see much point in it. Altcoins have great potential, but only a few of them are able to achieve it, and finding one that can do it sometimes takes a long time, and maybe lucky.

Trading is usually carried out by traders, not by investors, because investors have made investing their main job so you should not equate the work of a trader with the work of an investor. These two are very different jobs and each of those who do them are also called differently, so you have to be able to separate investment jobs from trading jobs so they don't get mixed up. And besides, someone will also more easily see the advantages and disadvantages when the two jobs are separated.

That is the truth and trust asset as the name implies, Bitcoin investment is the best so far and has rest of mind, because no Bitcoin cryptocurrency market has come to end, which it can not be manipulate like shitcoin.

It's easy to call a cryptocurrency "shitcoin" once it has crashed, but before the crash it's unfortunately very difficult to guess if the crypto, its feature, the project associated to it and its ecosystem or environment, will be successful or not. People are interested in Web3, DeFi, GameFi/GambleFi, NFT, smart contracts, obfuscation, cheap and fast transactions, many things missing in Bitcoin, so there is room for some altcoins to emerge.

I agree with your argument. It's not just beginners who are often confused here. Even old players are often tempted by shitcoin promotions that Bitcoin doesn't promise. with the hope of large quantities of shitcoins at cheap and promising prices. I am very sure of the phenomenon of massive coin distribution in shitcoin which promises to be a source of cheap investment that will be profitable. Who doesn't want it when it comes to profits?

maybe here it is okay for them to dream of becoming millionaires through shitcoin so that they can switch to bitcoin with cheap initial capital. and indeed this is all just luck, like gambling. If you are good you will become a millionaire and if you don't you will be deceived and even become a slob

What i have seen so far is that people invest in shitcoin after they gain enough knowledge about bitcoin. Some of them think they are pretty smart and there are cryptos that will outperform bitcoin because they are fast and cheap. However some become greedy and look for projects that can give them a higher return on investment than bitcoin. Their greed and pride motivate them to make such bold moves, which most of the time lead to total disaster.

This realization will only happen if you have experienced losing from shitcoins because you are too busy investing in cheap coins hoping that they will grow their value consistently, even forgetting the real gem in the crypto market which is bitcoin. When that happens, you will know that bitcoin is the only crypto coin that can give us secured profits because it’s certainly the king of crypto, and those coins that surround bitcoin are just form from the original image of bitcoin that’s why expect that they are not as good and sustainable like bitcoin.

Bitcoin was the initial cryptocurrency and it’s was the base of the most of the cryptocurrency.After the good impact of the bitcoin to the market and get many investors to the bitcoin.So many new cryptocurrency was launched based on the Bitcoin.The oldest project which successful after the bitcoin was the Ethereum.The Ethereum was the transaction coin for many project which was later now replaced by the Binanace Smart Chain.But still now Bitcoin was the king of the cryptocurrency and it demand never reduced.

That’s certainly the right thing to do. Focus on bitcoin and fill in your portfolio with maximum amount of bitcoin, I swear you will reap exceptional amount of profits when the bull run comes. Although it’s undeniable that some may be too lucky to make a decent amount from shitcoins, but still majority of them still end up losing all their capital. So if you don’t want to happen it for you, then do not waste your money and time investing in shitcoins, waiting for them patiently when their value will reach all time high, because the reality is that most of them end up losing their value, and it’s only rare to see some of them continuously growing their value.

The dumbest thing to do is to waste your time on altcoins no matter what they market trend could be at any point in time,  this is very much a thing that every cryptocurrency investor should already know to the point that they know what and how best to interact with the altcoin market since the market is made of of high presence of fake and shitcoins that have to derail the motivation of the investors who know what the market looks like and how it functions.

This is very important because applying this mechanism will allow us the time and chances to avoid any possible risk that comes along with altcoins.

I assume that the OP is a Bitcoin maxi. Am I correct?

But he does have a point where there are greedy investors who are just looking for quick short term gains on shitcoins with no real use cases or fundamentals like memecoins.

As for me, BTCs are my main holdings and I have done DCA (dollar-cost averaging) sometime mid-last year. ETH so far is the best altcoin to hold long term and some of the notable ones with decent market cap and trading volume are only good for short and mid-term. Just my own insight only.

Depends on what you call shitcoin tho. I’ll totally agree if you’re talking about all these new annoying meme coins that are becoming copycats. Those kind of coins, have no purpose and no value, and buying it is like buying grains of sand. But there are some coins that will have purpose and prove to be worth the risk. At the end of the day, if you look at most people’s portfolio, you’ll notice that it’s not just Bitcoin. Bitcoin is King but you may need the elders too. ;D

Wow, I understand the fear of altcoins due to the many "shitcoins," but is spending time on them the "dumbest thing"? Aren't you drawn to fresh terrain and cryptocurrency chaos to find a gem?

Even Bitcoin's early days, have risks and challenges? Early Bitcoin users might have avoided it because it was a "alt" to traditional money. Caution is wise, but isn't it worth learning about cryptocurrencies' complex, dynamic, and sometimes baffling world?

Consider balance. How about finding a middle ground where you may experiment with cryptocurrencies and spend time learning about them without endangering your portfolio?

just choosing bitcoin for long term investment is a good thing. However, I think they choose shitcoins to invest in because the price increases and decreases are very volatile. they take advantage of this moment to make money quickly. However, many people get trapped and end up holding shitcoins for the long term.
However, If the goal is simply to invest, then in the crypto world, choosing bitcoin is the right thing to do. However, still, people sometimes choose to look for cheap investments, so that they can get a large amount with the hope of increasing many times over.

    No matter how many times Op says not to invest in shitcoins, the question is: what are the shitcoins he is referring to? Are they altcoins? Meme coins? What? It's easy to say shitcoin, but if we don't define what shitcoins we're talking about, a reminder like that is also ignored.

   And if you happen to know what cryptocurrency is shit to him, how did the coin or token he is talking about become a shit coin? There have been a lot of judgmental communities here, and most of them have been ashamed of their judgment. There are many good judges here in the crypto space. It is not explained how the shitcoin that is being referred to became shitcoin.

Yes it is true that long term investment is better in Bitcoin. Although there is a Bitcoin and Shitcoin conversation going on here. I'd say it's not bad to employ B in ETH as well as Bitcoin. I am investing in both Bitcoin and Shitcoin, many people are afraid to invest in Shitcoin like OP.
OP You can get better in less time by trading with shitcoins if you want. So I think everyone should get out of this fear. Still I will give Bitcoin the most priority.

Apart from bitcoin, all the rest are shitcoins, there is no coin comparable to bitcoin that can bring real utility and most practical applications. The rest is nothing more than an environment for speculators and gamblers. There is not much difference whether we are topcoin or meme, they will disappear at some point after making some profit and leaving investors miserable. But with bitcoin that will never happen. But every investor has their choice, if they like to take risks or like to gamble then altcoins are an option, while for those who like to be a little safer bitcoin is the choice.

Not just meme coins are shitcoin but other altcoins are also shitcoin, we cannot say all altcoins are shitcoin but we have many that are just copycats like the other memecoins and investing in those projects can be very risky as they wouldn't last in the market. We should do our research before investing in any altcoins and not just follow hype online because most of the altcoins that are trending don't have any new thing but just copycat of other altcoins.

Many individual are investing in altcoins because they think altcoins will give them profits like Bitcoin always does and even when they're seeing altcoins crashing, they still believe the ones they invested in, will give them profits. Bitcoin is the king and that's what we should be investing in, don't follow what others are doing.

Someone keeps on deleting my comment just because I am a bit critical of Bitcoin. It looks like the Bitcoin community can't even handle the slightest amount of criticism. Of course, they can give criticism because they constantly hate everyone who is not a Bitcoiner, but they cannot see an obvious flaw with Bitcoin. That is really sad. The Bitcoin community needs to seriously work on its social skills. I cannot even communicate with them meaningfully in any way.

If you are a bitcoin maximalist then you will see that all altcoins would be shitcoins because they are all copied from bitcoin, without bitcoin there wouldn't be any altcoins. In general, what is shitcoin depends on each person's perspective on the market. But do you admit to me one thing? All altcoins are too risky because they can crash or disappear anytime. They are created for the purpose of token sales, and pump and dumps, while bitcoin creates a decentralized asset and provides many utilities and features to us. There is a huge difference between these two coins, so many people call all altcoins shitcoins, which is not wrong.

Bitcoin is one of the sure projects we need to hold in the market to make food profits but we should not have the mentality of putting our money in one basket. This may not always work for us especially in the crypto market. It is good when we diversify our investment into different projects so that we can earn more from the market. One of the things we have to note is to always put our money in a strong projects that would not end up become a rug pull or scam. A lot of people had out there money in a promising project which still end up becoming a scam. This is one of the reasons why many people prefer to out there funds in Bitcoin than altcoins.

You can never control the minds of other investors but you can always educate them about the risks investing in shitcoins. And even if they know already that shitcoins could be a threat to their investments, I don’t think they won’t be investing in shitcoins forever since there might come a time that shitcoins will be more profitable than bitcoin. So if I were you, do not underestimate the potentials of shitcoins. They can be highly risky but they can also give us huge returns when we least expect it. For me, experience would still be the best teacher. Let them explore and invest in shitcoins, their experience will tell it all.

Bitcoin is a BigCoin with the capacity to accommodate and comfort as many as its investors. This is why it is globally accepted with the potentials of lucrative enrichment while Shitcoin is ShittyCoin that its complexity is a mess to suffocate its investors with no potentials of investors goals actualization of enrichment but all to gambling and wastes of funds and time.

Giving other Coins benefit of doubt by even giving it a try is as loosing trust on the grass root of cryptocurrencies the great Bitcoin with integrities.
If other coins exist is out of my knowledge as long Bitcoin posseses the possessions and potentials to end my financial problems.

Yes, absolutely similar to you, bro, I have had the same experience with investing in bitcoin rather than shitcoin. In the beginning, when I used to invest in cryptocurrency, I didn't have enough money. I used to invest in cheap coins. But the good thing is that I didn't invest much of my portfolio in shitcoin; I invested only 20%, and the loss ratio I kept low was because I diversified my portfolio under DCA later. After my loss happened in shitcoin, later I recovered, but not only recovered but also gained profit. And after that, until today, I didn't invest in shitcoin, but I used to give more emphasis to Bitcoin. And the reality is that shitcoin is the best way to lose money, and literally, if we look, there is no other coin except Bitcoin, which is showing profitability and reliability in the future. Even Altcoin cannot compete with Bitcoin.

Those who invested in altcoins in the bull run of 2021 have not yet recovered their losses, except for Shitcoins; this is a later matter. Today, they are not visible in the top 10 either. Recovery is a very distant thing. And Shitcoin has nothing to say.

So this means that only Bitcoin is the guarantee of your profit in the future compared to shitcoin and seven altcoins because these altcoins are also performing like shitcoins.

Nothing guarantees profit in this industry, it just so happened that Bitcoin is one of the cryptos which are having huge demand over this industry because of its lrge chin and community of users/investors. Bitcoin will indeed give you higher chances of earning profit from investing into it but ‘shitcoins’ could give you more in a Shorter period of time. High risk and high reward; as long as you know how DCA works and how to red the candles in the market, you’d have better outcome with your chosen token to invest. But nothing will happen in an instant; you have to meet a particular proficiency in this industry to master how things are working for both Bitcoin and Shitcoins. Analogy is simple; why are there people who are getting that much from the mentioned category of crypto? That alone can support the claim that shitcoins still are profitable.

Shitcoins are the coins with have weak/no fundamentals, no clear goals, and bad values. Meme coins are the example of the shitcoins, they have no fundamentals and just rely on the hype to grow its value. Investing in those meme coins are just like gambling our money. The hype of meme coins are easy to be over, it is never hyped again nowadays. Not only meme coins, those altcoins that rely on the hyped only, also can be categorized as shitcoins as well. We are better to avoid investing in those type of crypto coins.

Sure, Bitcoin is much better as the option for the investment than those shitcoins. Bitcoin and shitcoins aren't comparable because they level of the risk is much different.

Honestly bitcoin is a good option for investment and very strong currency. And because of the volatility in the market the value of the coins increases. Bitcoin is preferred over altcoins because the value of altcoins increases depending on the price of bitcoin. Bitcoin is not likely to be scammed and will not run away like shitcoins. But Ethereum BNB is a very good coin to invest in bitcoin as well as altcoins. If you hold them you can profit from these currencies along with bitcoin.

Nothing can bring high profits without risk. Once you invest in altcoins whether it is ETH or BNB, you need to accept that they can disappear at any time and never be confident that they will not turn out to be a scam.

One more thing, when we invest in altcoins, is it diversification? Because if bitcoin disappears, I also believe that all altcoins or the entire market will disappear too. Investing in altcoins is only intended to create opportunities for greater profits, but cannot reduce our risks. So I wouldn't call investing in altcoins is diversification.

Only Bitcoin is suitable for long-term investment, anyone who has studied a short history of the crypto market will see this without any problems. If you want, you can use shitcoins for some short-term manipulations, if you are good at it and can make money from it, then why not.

But almost everyone here will tell you that holding will be more profitable than trading for the long term. If this is a long-known fact, then why check it again for yourself, just buy Bitcoin and store it properly in a cold wallet, that’s all you need to do to achieve a good result.

I think bitcoin is the only currency which have proven himself to be worthy of holding for long time every other coin is just what we need to be careful of how we engage with them. Their are some coins which are just meant to be purchased and make out profit out of them and just sell them off immediately you get an opportunity of taking profit.

Bitcoin can be used for both purpose use to get profit even if it’s not in an instance but it can be bought hold after a little bull run one can take profit and still rebuy at a good price and hold for long period of time, their is a possibility that even if price drop you can still regain it back with time when price go up, but in altcoin they can just drop down and its down forever which you might finish up your investment entirely which is the reason why it’s not good for one to hold it for long.

I disagree with your statement that Bitcoin is the only valuable cryptocurrency, and all others are "shitcoins." What are your thoughts on Ethereum? It's recognized by the SEC as not being a security, similar to Bitcoin. So, can we really call it a "shitcoin"?

I acknowledge that Bitcoin is the pioneer of this market. However, technology continues to advance, and the demand for cryptocurrencies is increasing as more people and countries adopt them. Bitcoin alone can't fulfill all these needs because its core functions are primarily storing value and facilitating cross-border transactions.

Projects like Ethereum (ETH) and Chainlink (LINK) have played a vital role in the growth and acceptance of the cryptocurrency market. In fact, I believe that Ethereum's market capitalization will surpass Bitcoin's soon. Therefore, diversifying your crypto investments beyond just Bitcoin to include assets like ETH or Chainlink can be a wise decision.

Finding quality altcoins and investing in them early can still give the investor more profit than what he or she would have gained from investing in bitcoin.
It is true that bitcoin is the only trusted cryptocurrency out there, it is the only complete decentralized coin, but it is for conservative investors, there are investors out there who like taking risk for higher reward or profit, for such investors, investing in good altcoins is still ideal, we have a lot of good altcoins that have made alot of people millionaires same way bitcoin has done, like Ethereum, binance coin, dogecoin, Shiba inu, Solana and so on.

It is not wrong to invest in altcoins along side bitcoin, what matters is doing proper research and finding the right ones and investing in them early enough, this is how to profit from altcoin investment, they are not bad to invest in.

I just want to add that for those who invested in ETH from the first years when it was priced at 0.1 USD, so far the profits they have received are not inferior to those of early bitcoin investors. I don't remember the exact year but I remember there was a time when ETH's capitalization surpassed bitcoin, although it didn't last long but it happened.

We are here to make profits and it's funny how many people stubbornly hold only bitcoin, badmouth altcoins and ignore other opportunities with altcoins. Their skepticism about altcoins is the same as many people were skeptical about bitcoin in its early days. Although many altcoins are useless and scams, not all of them are. ETH is no longer too strange to us but I agree that LINK will be the second name mentioned as much as ETH in the coming years, LINK is working very well in all aspects.

Shitcoin is where risk takers put their money and we cannot blame them from that attitude because it is their money and to decide.

But your subject is correct that if we wanted the safest investment in crypto world  , then better to out your funds only in Bitcoin but this will take time mate and cannot be done as easy as that.

try not to be lured in wrong decisioning , try also to diversify with other altcoins but yeah majority of funds will be In bitcoin.

In my point of view in shitcoins the luck matters. If you have a good luck and you invest just before pumping you really a luckiest person who got an excellent entry. But if don't have a good luck so you know better and as you have mentioned your story regarding shitcoins.

But in Bitcoin the trust matters. If you believe in Bitcoin and you Hold Bitcoin for a long time and believe that it will gain in price significantly so only Bitcoin can move according to your mind. Just like you I also think that we should buy Bitcoin. We have bunch of Crypto currencies but Bitcoin is Bitcoin and there is no one which can compete with Bitcoin.

well, you can invest in some shitcoins since some of them has a value, just invest what you're willing lose so it can't hurt you much once the price goes down. It's a matter of luck and financial forecasting too.
Investing in bitcoin is one of the best coin to invest especially if you're looking for a long term investment in crypto since bitcoin has a potential for higher returns than more stable investments , though this is volatile but Bitcoin has proven its potential in the crypto industry.

Investing in alt coins seems risky to me because I have already invested many times in many alt coins but never successfully.
My luck was so good that, when I bought the altcoins their prices just started going down and the price of that coin never increased.This has happened to me many times.It may seem ridiculous to many but this has happened in my life.
Since then I have decided that I will never invest in altcoins again.If I invest I will only invest in Bitcoin and not any other coin.
Then I invested in Bitcoin and got pretty good success.

Finally, those who are new and want to invest should invest in Bitcoin instead of Alt Coins.The reason is that investing in Bitcoin is low risk and its price recovers quickly.

never advise to invest in Shitcoin if you cannot guide Him which coin it is because Shitcoin is the riskiest part of crypto investing and if you made it wrong then you will be doomed and may lose everything that you invested .

Maybe it is best to focus in the thread/topic and that is Bitcoin in majority of your currencies and yeah may gain more and more in the semi long term because we are in near halving now.

It is not controlled by any single entity and it isn't backed by a central bank or government. Moreover, transactions do not need to go through a third party. This ensures that Bitcoin is inclusive and censorship-free. But what really appeals to investors is the price potential of Bitcoin.

https://www.google.com/search?q=why+need+to+invest+only+in+bitcoin&rlz=1C1KNTJ_enPH946PH946&oq=why+need+to+invest+only+in+bit&gs_lcrp=EgZjaHJvbWUqBwgBECEYoAEyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRigAdIBCTEwNTk1ajBqN6gCALACAA&sourceid=chrome&ie=UTF-8

Keep the safer investment , and never deal with shitcoin not unless you know that market completely .

I've invested in a lot of shitcoins in the past and the reason why they failed is because they are all bad projects, some projects that are so useful today are all from.2019 and 2020, like Matic, Avalanche, Solana, there is no way you would have lose money investing in the projects unless you held them through the bull market and they dump, but still they are building.

These projects are not as strong as Bitcoin, that's a fact but it's ridiculous to believe that all other alternative coins are bad, instead of joining the crew of alt haters I use them to make money than Bitcoin and buy more Bitcoin with my gains.

Many people are already hating on Bitcoin Ordinals because of the transaction fee, some are calling it shitcoin type of 2023 but let's wait and see how many will make crazy gains from Ordinals, I believe it's going to happen, they might die later but if you know how the whole market works you will do so better.

In my opinion, investing in bitcoin or altcoins is not important, what is important is that we need to know what we are doing with our money. Everyone's preferences are different so people can invest wherever they want. I usually don't care if people invest in bitcoin or altcoins, what I care about is whether they are successful or not, do they make money or not. If one invests in altcoins and becomes rich, how can one say that they are on the wrong path?

Don't be too stubborn and conservative when the world is increasingly developing and miss great opportunities just because we cling to old concepts. The same way we criticize people who only invest in gold and say that bitcoin is a scam.

Today is not 2016-2017, bitcoin's price has skyrocketed and reached 70K ATH. Do you think it's going to reach 500K and 1 million USD anytime soon? It won't probably reach that height in the next decade. People here want to not only double their money but to increase it 10 times and more. Altcoins are great way to gain 10x, 20x and 50x profit because when good altcoin is a new thing on the market, they gain price soon after halving when bitcoin bull market starts. For example, if you would buy BNB in 2020 November, when price was 20 USD per coin and hold it till the end of bull market, you would gain 30x profit on your investment while bitcoin only went from 10K to 70K, only 7x profit. You see the difference? That's why people invest in altcoins. I don't say bitcoin is a bad investment, no, it's the safest investment option but it's not for those who chase double digit multiply.

As long as it doesn't harm other people, I invest in Bitcoin and the best altcoins in the portfolio. All altcoins have different levels so investing in meme coins is done because of the rapid ups and downs, but be mentally prepared for your own responsibility that you have to face. in essence how my money increases and know the rhythm material to reduce risk

There are people who never consider investing in bitcoins because they thought they were too late for it and they cannot get huge income from their investment so they instead choose some early altcoins but they soon regret it because instead of getting some +1000% from their initial investment or their capitals, they ended up losing it as well because the altcoins they choose turn out to be a shitcoin which never grom or didn't follow what they said in their roadmaps. Their regret became more severe when they saw the bitcoin price rise and didn't even get affected by the pandemic.

Investing in shitcoins is like dealing with shit, and if you'd rather buy these worst coins with a 1:1000 success rate, I suggest just trying your luck at gambling...it's probably a fairer bet than risking your money on coins that are breeding grounds for scams. While altcoins add excitement to the cryptocurrency market, they're still below the standard set by Bitcoin, which has gained trust from significant individuals and institutions. Bitcoin's fundamentals are robust, with a growing number of adopters over time.

It's not too bad to try in shitcoins, but diving deep into them is a big mistake. Treat your first venture into shitcoin investments as a learning experience, not something to be evaluated. It's better to focus on Bitcoin, a proven player in the market that's highly trusted and liquid.

The upcoming events like Halving and ETF are significant agendas, and I hope no one misses out on the inevitable bullish moments that will follow.

Investing in every cryptocurrency in the market including Bitcoin is risky. It's all about the way you do research, the timing, and knowing when you will be investing in certain altcoins as altcoins give more opportunities for innovation and potentially higher returns. It is only being advised to invest in Bitcoin as it is a safer and more easy/stable investment for most newbies than altcoins.

Maybe luck plays a little factor when it comes to investing, however, you should consider a few things when investing in altcoins like you have to have thorough research before you invest, and such. It's not about letting your luck decide whether you will earn with your investment. Don't gamble on your investment.

Calling all altcoins "bad projects" simplifies the ecosystem. Matic, Avalanche, and Solana have been useful since their start. Their shifting performance shows that the cryptocurrency market relies on innovation, not simply Bitcoin.

Altcoins have contributed to blockchain, but Bitcoin is a pioneer. Their numerous applications and technological advances expand blockchain utility beyond Bitcoin. Its about acknowledging altcoins' place in the growing digital currency story, not hostility. Many fail, but their experiments lead to breakthroughs.

Skepticism about Bitcoin Ordinals is normal. Its too early to call it the "shitcoin of 2023." Every new crypto initiative, including Bitcoin, merits study and scrutiny. Success in this field is a spectrum where even "failures" help us understand the blockchain

Your post is full of contradictions, bro! Make sure you know what you are writing. Just writing random things is not a way to join a discussion. You said, Ethereum BNB is a very good coin to invest in bitcoin. What does it even mean? Ethereum BNB is good coin and you suggest investing in Bitcoin. The suggestion in this line is not bad, but what kind of logic is this?

In the very next word, you also suggest altcoins so they can profit from these currencies along with Bitcoin. But in the first part of your post, you said shitcoins are likely to scam. So that you know, Only Bitcoin is Bitcoin! The rest of them are centralized shit!

Everybody's mind is different and you can't tell them what to invest on, because they know bitcoin is the best investment that you won't worry about and reduce your risk, but they decide to invest in another coin to get profit, in my point of view, if you are an investor you won't depend on one coin is better you invest in another coin and get some experience, because you need to be taking risk if you want to succeed in crypto journey, But if you don't want to take much risk, you should just invest in bitcoin and forget about other shitcoins because if you see some coins that are free and decide to invest in them, you may lose your money because he may decide not to increase as much as you want or he may drop more than your investment. My first investment is in bitcoin because I don't know of any other currency that is as good as bitcoin, but later on I try to risk in another coin to make money and learn about it, but just invest in bitcoin if you don't like taking much risk that is the best option.

For me, investing in crypto has different principles and beliefs, I think investment is more about individual beliefs, for you shitcoins don't bring you luck, but not for other people, In fact, they think Bitcoin doesn't bring them much luck, even though Bitcoin is a type of crypto that can be relied on in trading and investing.

Well, some of us have a different view, some of them shitcoin can generate thousands of dollars at a cheap price when invested, considering the price of Bitcoin is very high, they think the profits are very small, because they have to spend a lot of capital, small profits, small capital shitcoins and big profits.

However, whatever the resulting frequency in investment achievements, those who are patient win, regardless of the type of crypto.

You can be diversified in terms of cryptocurrency investment because in cryptocurrency investment you don't know the one that will be profitable for you when you invest in them, I believe that in bitcoin investment, many people invest in bitcoin due to the currency and the technology of the currency is more preferable than any other ones and bitcoin have a very big potential than others, so don't bag your eggs in one basket should incase something terrible will affect your bag, so I believe that cryptocurrency investment should be diversified, select at most ten [10] different coins and invest and ensure that they are coins that is very volatile, than investing in one particular coin, so if their is a bullrun, the coins you invested on can be propagate.

bitcoin will not be defeated by other altcoins, various ways new projects emerge creating innovations just to complement the same uses. but the business competition in the crypto world is extraordinary. So that the investment field is full of these respective criteria, it becomes the main thing for investors to adjust to their wishes.

BTC is the best investment that can guarantee you, that you will achieve some thing special that will change your mind to increase your capital in the future because whenever BTC price begin to pump higher in the market, other cryptocurrencies price will begin to pump too. Shitcoins investment is not too reliable like BTC investment because, you can invest big money on shitcoins in the bear run, hoping that the price will increase higher in 5 years later, but to discovered that the coins has disappear from your wallet.

Since, I know BTC till now, I have every reason to be confident in hodling my BTC long to achieve what bitcoiners are achieving in their long hodling which is the best strategy to earn well from your investment.

Not only bitcoin or only altcoin should choose multiple coins for investment so that one can recover the loss of the other, it will reduce the risk a lot. And the less risk you have, the more relaxed you can hold. And if you invest only on one coin, the risk increases and the possibility of loss increases. So whatever amount you keep in your investment budget, divide it into several parts and invest in multiple coins, but put relatively more in Bitcoin.

Here I meant that Bitcoin is the main coin but besides Bitcoin and BNB and other coins give very good profit so my suggestion was to go with Bitcoin. Besides this if one wants to invest in any other coin then it should be done in BNB/ETH or one of the main/mother of coins, that are there then shitcoin coin is mostly seen as cheating. For example you will see that new coins that come out do not last very long in the market.


The main argument is that bitcoin is better than shitcoins and it gives much longer-lasting profits and those who are with it are there for a long time.Since many people hold other coins as well as bitcoins, some other coins should be held along with bitcoins which are useful for practical and training later.

In addition to some major coins, others who invest, such as new tokens, come out and from there, people lose most of the time.

Of course it's their money however it good to advise some of them the aftermath harsh reality of investing in shitcoins, since  you already had a first hand information about it worthlessness, experience is the best teacher thus it's better to tell them fact about investing in shitcoins before they embark on their own research, investing in shitcoin is very risky however I don't know why many newbies are putting their hard earn money on it probably they been entice by the likely reward of 100x profit within the shortest period of time which are empty promise and unrealistic.

I will give an example about this. As there are many people waiting or looking for a new Jesus Christ, there are also people waiting or looking for a new Bitcoin. This will never happen, they are unique things, there is no way to do them or be the same, everything after that are cheap copies and serve to catch greedy people. Can you make money with other "currencies"? Of course it can, but in the end only bitcoin matters.

I believe that investing in Bitcoin can be a profitable venture as long as it is done responsibly and the risks involved are carefully considered. But Bitcoin also offers a level of security and privacy that traditional currencies do not. Transactions are stored in a public ledger, making them secure and transparent  It is true that Bitcoin has been around for a long time and is generally considered more stable than other cryptocurrencies, but it is not correct to say that all other coins will lose you money or that their markets will suddenly disappear. Many alternative cryptocurrencies (altcoins) have shown promise in technology and innovation, and some investors have seen significant returns on their investments. Ultimately, the decision to invest in Bitcoin or other cryptocurrencies is an individual's decision. But I would say Bitcoin is the only investment that will protect your future.

Cmon man, what are you talking about? Are you basically suggesting that whatever amount of nodes Bitcoin has, that is arbitrarily the minimum required for decentralization? So when Bitcoin had less nodes than other coins do now, it wasn't centralized? Do you go by global dispersion of miners? Or do you go by development decision-making process? If its the latter two, then Bitcoin isn't the most decentralized. Let's go by the first one for argument's sake.

Current node count for major cryptos:

Bitcoin - 49,944
Ethereum - 7,914
Dogecoin - 6,732
Monero - 3,515
BNB Smart Chain - 2,242
Solana - 1,960
Litecoin - 954
Polygon - 183

https://www.reddit.com/r/CryptoCurrency/comments/12spjfx/most_decentralized_cryptos_by_number_of_full_nodes/

Simply put, its dumb to say "only Bitcoin is decentralized" for multiple reasons. You are arbitrarily defining what decentralization entails to make sure that only BTC meets this definition. Rather, its a granular scale, from most centralized to most decentralized.

I know "rah rah go bitcoin, bitcoin over all"-type posts (or threads, like this one) often results in getting easy merits from loose merit-givers, but it leads to misunderstanding and incorrect generalizations. A basic dumbing down of thought in order to root for a home team.

It's not like I didn't know there were some decentralized coins apart from Bitcoin. I know that. But If you look at the number of Cryptos and the number of decentralized coins, I guess the percentage is less than 2%. According to coinmarketcap, there are 2M+ Cryptos, but how many of them are decentralized? I accept that the word "Rest of them are centralized shit" is not a correct statement. I wrote it intentionally to show my opinion about alts.

I don't know how other crypto programs get changed, but a Bitcoin developer cannot add/remove a feature from it whenever he wants. The majority of the developers have to agree with the changes. I feel that their official team changes most crypto codes, and they can make any changes they want.

I realized the importance of the maximum supply limit after the Terra Luna saga. Their developer was increasing the supply limit, and the coin was dumped like hell. I was thinking it was possible because it was fully a centralized shit.

So, "Rest of them are centralized shit" should be "Most of them are centralized shit" to make it acceptable.

Bitcoin is one of the best digital currencies, and this currency is the most trusted by people. Bitcoin is currently the most popular and is the most secure and profitable. If you invest in sheetcoins, you will have money at risk, when you invest in bitcoins you don't have to face such risk. Anyway bitcoin investment is a safe trust but when you invest in altcoin you have the highest chance of losing money and it is the highest risk. If you look at the history of Bitcoin, you will see that Bitcoin has risen from zero to thousands to become one of the most popular and influential currencies today. But there are many investors who can make huge profits by investing in Shitcoins, but most of the time they lose it. So I think investing in these shitcoins is most stupid and not security at all, so always bitcoin is best for long term investment and high profit.

No debate on that because Bitcoin indeed is the pioneering and the number one till this very moment.
maybe because you are greedy? or not asking the community about which and what coin to invest and yes you fail on that part.
you have learned your lesson mate, now at least you only trust Bitcoin to invest for?
just keep it up and keep the investment flowing .

Well that's not what you said earlier.


Again, you're not defining what "centralized" vs. "decentralized" entails... You are projecting some arbitrary, unknown standard. There's definitely different metrics by which decentralization can be measured, which in addition to what I mentioned earlier also include mining pools as a % of total hash rate, the service providers of node hosting, and % of coin supply held by individual wallets. All of these things can affect a cryptocurrency's level of centralization/decentralization.

OP's story is considered as a greedy way of treating crypto investment because he had admitted to me first invest in bitcoin and made money on it , but he felt not contented and extend His investments in shitcoin an yeah thinking that he will be heading towards easy profit but he ended up losing and not blaming His past and tries not to make the same mistakes again so he is promoting Bitcoin investing only and not to altcoin that I also fully support .
just let go those trying to call them the next bitcoin because even how hard they do? still bitcoin is Bitcoin and nothing can beat it.

Those who have less risk appetite should stick with bitcoin. Because fluctuations in price of bitcoin is less as there are lot of individuals and companies truly believe in this.

But there are some people who have good risk appetite. They can get higher rewards as well by investing in alt coin. Here also, you have to select the alt coin after lot of research and go with coins with solid founders and a good use case.

Not everyone likes investing in Shitcoin, therefore Shitcoin can be easily manipulated in price.  Even Shitcoin price movements can easily reach their lowest point in a short time.  In my opinion, people can profit from Shitcoin just by chance when they get the right moment, most of them will experience losses if Shitcoin is used for long-term trading.

I don't know if there are others that uses SHitcoin for long term holding ? what I do know is that others that keeps those shitcoins in their folio are the one who was being trapped and decided to keep them instead of selling in super low prices.
because instead of being complete loser they are praying that one day those coins will still have value(hoping really bad)

Thanks for the correct definition of centralization and decentralization. That's because of a lack of knowledge, which you may already understand. As I said, I accept the word "The rest are centralized shit" is not correct, and I didn't mean it how I wrote that. The better wording could be "Most of them are centralized." Indeed, I have a lot to learn about these things.

I understand one thing: an average Joe can't know which is most decentralized and which is not. A person has to research to know it. I doubt people check those things you mentioned before they invest. At least I didn't check that much depth. A lot to learn! Thanks for the correction anyway  :)

What coins does Shitcoin include? because now I am also investing in altcoins and I am making significant profits from it. Are all altcoins shitcoins? If you check Solana's chart, many people call it a shitcoin and will die when FTX collapses and SBF goes to jail. But those who bought when it dropped to 15-20 USD are making x3 x4 profits even if the bull season is not yet here. Is that called losing and failing or praying?

Bitcoin has returned 100% year-to-date, but many altcoins have returned 300%-500% year-to-date. If we talk about technology, I don't say they are better than bitcoin but if we talk about profitability, many altcoins are doing better.

It is only someone who lacks understanding that will prefer invest in shitcoins to bitcoin.  When I see people who invest in shitcoins it is either they have no understanding of what  bitcoin is, they feel investing in shitcoins is cheap. I think if people have a better understanding of what bitcoin is they won't ignore to invest in bitcoin and go shitcoins that is very risky and be crashed out from the market at anytime,  be for now their are shitcoins many people who are investing in it lose their money.

Most people here already know that bitcoin is the father of all cryptocurrencies. I just want to ask you: can you identify what shitcoins and altcoins you are referring to? Not all cryptocurrencies are shitcoins, right?

So maybe the others are yes; that's why there is a problem with which of the other cryptos are not potentials that are released as potentials. And the ones that get caught in this are the newbies who have no idea or knowledge of cryptocurrency.

I think this is almost the same thing with this topic (https://bitcointalk.org/index.php?topic=5467201.msg62864122#msg62864122). Your topic has shown that a lot of people are already waking up to the reality that it is safer focusing in Bitcoin only that in several coins and tokens. There are several advantages to this approach some of which the fact that Bitcoin have greater liquididty, not a pump and dump and as we know, Bitcoin is not a scam. Furthermore, a lot of these coins out their are not decentralized, meaning that are people who controls the supply and can print as much token as they want and dump them on the market.

So, I agree with you that Bitcoin is the way to go and should be the main focus. Anyone digressing a little to other coins should be cautious and  ready to do what most founders do when the chance to run present itself.

I appreciate you sharing your personal experience with investing in altcoins. It's understandable that the volatility and unpredictability of the altcoin market have led to some challenges for you in the past. It's great to hear that you found success with your Bitcoin investment, and I can see why you would prefer its lower risk and quicker recovery.

Investing is indeed a personal journey, and different strategies work for different individuals. Bitcoin's reputation as a relatively stable and resilient cryptocurrency is well-founded, and many investors share your perspective on its long-term potential.

Aren't you familiar with this game already? Most of this people hyping bitcoin may not even have a single portion of Bitcoin in their wallet but will come here to discredit altcoins. We can not compare altcoins with bitcoin when it comes to solid investment, potential and reliability but there are few altcoins that are definitely doing well and are capable of giving profits. Some people are just unfortunate to invest in some random projects that disappoint them and they will conclude all altcoins are Shitcoins.

Investing in altcoins is not entirely wrong but it is not advisable for long term investment. However, if you are interested in making quick profit, then altcoins are the best option but not good for holding at all. It is all about taking the risk and if you succeed, you make profit otherwise, you learn. Either way, you gain experience positively or negatively.

Actually not too many people know about what you are offering including me. Those who are worshiping and exaggerating bitcoin and talking bad about altcoins, they are just saying what they think and they are trying to please some old bitcoin investors.

This market is very volatile and offers huge profits. So I'm really skeptical of people who say they only invest in bitcoin and have absolutely no altcoins in their portfolio. In addition to investors who have been investing in bitcoin for a long time (bitcoin maximalists), new investors have entered the market in recent years, I do not believe they only invest in bitcoin like they said.

I think we have to have cryptocurrency knowledge, so we know the advantages and disadvantages between bitcoin and altcoins. and also new meme coins and altcoins. that way we will have broad insight to assess from various points of view, that way we can conclude what trading or investment steps to take. but indeed for those who want to invest in bitcoin it is also good, because it is safer.

Investing in Shitcoins is the most risky. This makes people frustrated most of the time. Most shitcoins are fake. With time he disappears. So you should invest in good altcoins or bitcoins. If you want to invest in altcoins you must invest in good coins. But in my opinion it will be better if you invest in Bitcoin for long term.

If someone buy certain shitcoins then obviously they will wait until next Bull run because if they sell these coins in less price then they will be in loss but they are in hope that one day their coins will increase in price and will show as a coin full of profit.

 I think that selling at lower or no price is a bad choice because if your coins are useless and you keep it for longer time then there is a possibility of attaining higher worth in future but if you don't value shitcoins then you will loss your money forever.
There are numerous people who become moneyed by holding shitcoins because they don't loss loss hope but they still consider themselves lucky and finally they get what they deserve.

You are right, those who don't have an understanding of crypto will choose shitcoins to invest in, maybe they just think it's easier and they don't realize the potential of these shitcoins which could disappear from the market. When someone has a good understanding of Bitcoin, of course they will choose Bitcoin as an investment, of course they will ignore investments using shitcoins.

It would be fine if you guys mentioning shitcoins try to define what you mean by that because, in my experience, those who are labelling some cryptos shitcoins do not even know what they mean by that and what they are calling shitcoins are actually not shitcoins. See, not all altcoins are shitcoin, there are many that even make better utility and purpose than Bitcoin, only that Bitcoin is the first and might remain the most valuable. Personally, I believe this is a way to mislead people when you call some coins that are valuable and are backed with good projects shitcoins, most of these coins even go with very low and stable transaction fees. The only coins that should be called shitcoins coins are the unpopular ones and those that are being introduced by scammers or the failed ones, they are not hard to know. And anyone investing in those coins should know the risk involved as it might not go well with them over time.  

Actually, everyone can make a distinction between altcoins and Bitcoin, because when we know that a good investment is in Bitcoin, we should avoid altcoins so as not to invest them. But if it's just for short-term trading or to achieve daily profits through altcoins, I think that's also quite good because we can use every moment to make money even though the amount is not that much. However, if you can make a profit every day, the amount can also be quite large, although this is also a challenge that is not easy for everyone to achieve.

The rise of "shitcoins," is a testament to the transformative impact of Bitcoin. These altcoins, often launched with ambitious promises and excessive hype, reflect the enthusiasm and experimentation that characterize the cryptocurrency landscape. However, it's important to approach such investments with caution and due diligence, as many of these projects fail to deliver on their promises.

The notion that half of those who invested in shitcoins lost all their money highlights the inherent risks associated with speculative investments. The cryptocurrency market is still in its nascent stages, and many projects lack the underlying fundamentals to support their valuations. Therefore, it's crucial to conduct thorough research, assess risk tolerance, and invest only what you can afford to lose.

do you mean that no good altcoins in the market? bitcoin is top coin and you can say it's a king of the market.
but you know it's too much expensive coin so everyone can not afford to invest in bitcoin,
they invest in potential altcoins and getting profits in short term or long term. personally i made huge profits by invest in many altcoins.

Here I agreed with you about this if we have good knowledge of all things then we can invest in these coins as well, but we need to be more careful about our investment because recently we have too many issues with many meme coins and other projects which fail to give their best as they mentioned in start which hurt investors confidence and money as well but if you are not good in things like these then surely you need to invest in bitcoin only because currently this is the best way for having better return of your investment with good profit as well.
For having profit on daily basis it's never been easy because it needs too much work and research by you, even many are doing and enjoying good but still risky affair and more troubled than investing in bitcoin.

I have nothing against people investing in altcoins and it is not as bad as many people are saying. I myself am making significant profits from altcoins but I disagree with you when you say bitcoin is too expensive to invest in. No one forces you to buy a full 1 bitcoin, you can buy it with any amount you have. People are chasing altcoins instead of bitcoin just because of profits and we cannot deny that altcoins give better returns than bitcoin these days. But on the contrary, bitcoin is safer than the entire altcoin market.

I'm not a fan of cryptocurrency or altcoins, but can you clarify what the shitcoins are that you say exist in the field of this business industry? I asked because I just don't understand why we always have to say altcoins are shitcoins. Does that mean all cryptocurrencies are shitcoins apart from Bitcoin?

Now there is also the idea that many investors have moved their lives to other cryptocurrencies. So, what you're saying is a bit contradictory; how can you say that those are shit coins and they made a lot of money? Can you please explain that OP?

Bitcoin is expensive especially in the current market's value, only if you invest literally 1 Bitcoin amount of money just to say that you are investing, that is why some methods exist for some people to use such as the DCA method, so you can buy consistently with a small amount no matter how much Bitcoin's worth in the market. As he mentioned Bitcoin is expensive, and it is really hard to make a profit that is the reason why some people invest in altcoins since it's affordable but it can only get you short-term profits cause for sure if you compare it to long-term term-investment like Bitcoin, cause Bitcoin has a huge potential in Bullrun plus the fact that when Bitcoin's value is increasing, it also affects altcoins, it would be much better if you have investment in Bitcoin plus altcoins just make sure you choose good projects.

You can only get lucky so many times. Consistent winnings are all about preparation.

As you said so yourself, your story is a typical one. All of us adventurous investors have lost plenty of money in altcoins. And then people come to their own conclusions. For instance, you decided to simply quit altcoins altogether, while I decided to learn more and not just relying on something as unreliable as luck for successful trades.

In the years that I invested in learning the intricacies of crypto trading, I came across challenges and found ways around them:

Problem: Altcoins are too many and you'd need too much time just to follow everything, identify opportunities, and make your trades.
Solution: It's 2023. Use technology to do all of that for you. I spent years identifying what an AI tool needed to have to perform these tasks efficiently, and now my little community uses human-in-the-loop AI for this stuff with remarkable success.

Problem: I'm a Bitcoin enthusiast but I want to maximize profits. Can't wait for a halving every 4 years to push the baseline up. I don't see how I can boost profits when I've had bad experiences with altcoins.
Solution: Diversification is really important if you want to maximize your gains. If done correctly - always for short-term gains - riding waves of profit in altcoins can grow your investments really well. Find a way to identify good opportunities in altcoins and watch the magic happen.

Problem: I don't know when to get out of an altcoin investment.
Solution: Always use rebalancing. It'll allow you to see when you're over-invested in a coin and maintain balance. When you hit those points, take the money out and invest it either in Bitcoin or another emerging opportunity.

These are the key problems I've solved for my community, and we're all growing our profits and investments, keeping the king coin at the center.