Bitcoin Forum

I used to follow crypto airdrop groups on Telegram and WhatsApp… mostly on Telegram so I had this guy who introduced me into this groups, he was an admin in one. I knew for a while he was into cryptocurrencies and trading (he was always checking signals on PC) so I thought he was a pro and had this trust in him.

He advised me to invest in some shitcoins, that I should forget all the big boys up there (BTC, ETH) saying it was for rich and wealthy people. So I invested in some like Sol, Aabl, Ton, notcoin, etc, at one point when they were going down he said I should leave it for the bull run that prices will go up, at that point I had no idea what bull run was except it’s when prices will go up.
So I’ve been waiting for a while and some never saw bull run most of them have absolutely disappeared even some I got through airdrops that the reward wasn’t enough I decided to hold and I lost out.
Of all the coins I invested in only Solana is alive and I didn’t even invest much initially I had to add more later on.

I’ve learnt my lessons now, shitcoins are just gambling they aren’t what you’ll invest into, for long term.

It took me a while to realise the man I thought was a pro was just a regular dude (a gambler), I’ve also learnt to do my own research before I invest.
With shitcoins, memecoins and the likes it’s only at that time when there’s a hype and frenzy around it that you can make gains, never invest in them for a long term cos after that noise it dies down.

This is where many people fall prey to. Seeing a random group on social media with well packaged presence and fake progress level to lure their victims. It is sad that we still have victims in this era. One thing newbies should note is packaging isn't expertise.


Even if someone should walk up to me today to re-introduce Bitcoin as a high portfolio investment asset I will still go back to my research. The world of digital assets and coin is too volatile to trust one random fellow whom I believe will not have the time to persuade anyone into joining a crypto project if truly they were pro.

A piece of advise concerning this: Bitcoin and Ethereum are both decentralized system, which is open for everyone irrespective of your class or status. Bitcoin as we have it is divided into smaller unit called Satoshis and then Ethereum is also divisible into smaller units...... This implies that even the middle, as well as even the lower class citizens can invest so as far as they have their descretionary income( no matter the size of it))

Honestly speaking shitcoins are even worse than gambling, this is coz it has no strong fundamentals it's pump very quickly as a result of hype, but when this hype dies down, it and dumps very very quickly, leaving late buyers in total loss this is not something that any beginner in this space should even consider investing into.

Did anyone tell you this? It is a lie.

Bitcoin is very decentralized. Satoshi Nakamoto not intervening in anything about bitcoin at all. He just left and remain anonymous. Unlike ethereum that what its developers said will happen is what that will happen. I know this fact more when they were transitioning from PoW to PoS which ethereum miners can not accept but ethereum developers left PoW.

Ethereum is not decentralized as many people thought it is. It is centralized.

Investing in shitcoins is like playing with fire where anyone involving in it should be ready to accept the responsibility and consequences of their actions and when it comes to a long term investment Bitcoin holds the potential and it's not just for the big boys any one that has a discretionary income can invest in Bitcoin with the DCA strategy while holding for the long term, I have friends who did got involved with shitcoins and it never did well, to me it is a lesson learnt from another without waiting to experience it, anyone getting involved with shitcoins should also be ready to bear the risk in it.

I have also tried investing in shitcoins and memecoins. Some were profitable, while others were really trash. Even in a very short time, you could lose your money. It's not impossible to make a profit from memecoins, but choosing the right ones is not easy.
However, what I believe is that holding memecoins for the long term is not suitable. They just come, grow quickly, and then disappear. If you are not someone who is always ready to trade, then shitcoins and memecoins will never be suitable for you.

Not only shitcoins but all cryptocurrency apart from Bitcoin are a gamble and they should be approached with carefulness because you don't know how long they'll be existing. There are many cryptocurrency that were existing that are.no more before the current popular ones that are now trending and nobody knows their fate in the future. The more we keep getting more people coming into the market, the more we'll be having new cryptocurrency being developed.

Shitcoin can't be trusted to be used as long term investment because we don't know if they'll be around for the long term that you're planning on holding. Take profits from shitcoin as quick as you can or avoid them completely before they make you broke.

Till most people get 🔥 burnt while risking their money in shit coin, they will never learn the soft way, they just prefer learning the hard way, and after such experience, they will now be spreading misinformation that crypto, including Bitcoin is a scam, that's why I will always advice those that are just coming into the space to seek knowledge first before anything, or ask questions before risking their hard earned money.

Without doing too much of a findings anyone that has been in the space for like a year should know that meme coin which we call shit coin lives on hype alone, and they are meant for gambling purpose, so if you are lucky enough to get in early when the hype is still there, you might be lucky and make something huge out of it , but anything that makes you enter or stays late in it when the hypes are gone, you will lose even more than you never imagined.

Some investments aren't for the long term. You can even invest in alternative currencies, but you need to be prepared to exit quickly. Look at BNB, for example; its appreciation has been great, and it appears to appreciate even further. I'm not saying BGB and XRP are good investments, but if I had invested in them for the long term, the profit would have been greater than the ones you mentioned. You have to be lucky when choosing currencies other than the largest and most "established" on the market.

The same as you, I've learned my lessons as well with all of these hyped memecoins. I've lost a couple of hundreds when I thought that I'd be jackpot into these altcoins that I've chosen to hold at that moment. Instead of profiting, I've lost so much money in it that I should have made more if they were never put into those and instead bought bitcoin. Well, even the experienced ones are learning and it's our emotional that we have to control on this. Not all the altcoins that people tell they've made money on it will also make money for us.

If it is not long-term, then it is not an investment but trading, so shitcoisn is only for trading, not for investment. Shitcoins can indeed provide very large profits, but there are also traders who incur losses because of it, so be careful as you might end up being one of those who lose.

Yeah people are still falling prey to such cause they’re looking for money and sometimes this desire blocks your full sense of reasoning that’s why people get deceived by scammers. The desire to make it fast you know can put you in a terrible situation.
We just have to learn to make money the proper way,  be patient and always cross check every information given or heard.

I think you haven't fully figured out the cryptocurrency market yet, because you call Solana shitcoin and put it on a par with Notcoin. But the only thing you really figured out, having lost part of your deposit, is that shitcoins are not intended for holding.

Depends on what you mean by shitcoin. Some people have a different definition of what a shitcoin is and not all people agree that altcoins are all shitcoins. General rule of thumb is to stay away from anything that is not Bitcoin. At least that is what I do most of the time but there is no general harm in playing around with ethereum, sol or any of the big coins which have proven to be more or less stable and not pump and dumps over all the years.

This is the reason why one shouldn’t invest unless he knows his investment well. I believe all investments have risk, but if you end up investing in the wrong coins or assets, you aren’t just managing the risk blindly, but you are definitely increasing your risk from losing your funds and your investment.

Whether its shitcoins, meme coins or even those newly recognized altcoins, they don’t deserve for long term investment plan, because their longer existence in the market aren’t even guaranteed, so why take the risk holding them? Stick to bitcoin instead, the price increase might be slow in action, but you know well that it will linger for longer years, as long as the huge demand for bitcoin remains.

Well, it is something to know that you don't just trust a person by what he did in front of you or what he suggested to do. It is our responsibility to dig deeper and understand what he is doing. In general, don't get too confident. In fact, many people had fallen for the trick of these telegram groups claiming that they are experts and know the market so well. They show you good things just to make you believe and gain trust. But behind those good deeds, it is a big lie that makes you regret.

Falling to those kind of advices especially if you're a newbie is pretty much common nowadays especially with lots of misinformation that's happening. Just like what many are saying, "Anybody right now is intelligent enough to share whatever information they know online." Well, that's kind of true, that's why always beware of the information or knowledge that you're getting.

Now with regards to shitcoins, the name itself is already a red flag. I mean why will you invest into some shitcoins when the name already implies that it's a "shit" type of coin. For me, investing into shitcoins = gambling or way worse than gambling because your chances of losing by investing into shitcoins is much higher than that of gambling. It's good that you've learned from your mistakes as what other newbies must do as well. Learn from your mistakes, and adjust from it. Make better decisions in the future, and don't stop learning.

Also, stay away from those shitcoins or maybe meme coins in general. :) Focus on the top coins if you want to have a lesser risk type of investment.

Most people tell you the kind of coins to invest your own money op? This is your money and you have crypto knowledge to know, there are better coins that are better than shitcoin, have you try bitcoin that is the king among other cryptocurrencies because when the price is increasing in the market investors and traders always have hope of earning income from bitcoin, shitcoin is not what you will allow people to deceive you in the telegram group to invest because they know is not reliable to earn income like bitcoin and etherium, holding shitcoin for long term is a sign that you don't have crypto knowledge, and it will make you regret when the shitcoin continue to decreasing.

Let me fix the title: Never invest in Shitcoins for long term

If you consider them shitcoins, there's no point in investing.
Altcoins are bad for the long term, and some may be better for trading than investing.

Shitcoin is literally created for people to speculate on hype. That's all about it.
Calling it an investment to a shitcoin is lying to yourself, you are speculating. That's why it always irks me when people telling themselves they are investing in a shitcoin or memecoin, nah dude you are not investing anything.

Not to mention that the odd is very low, the one who make the most profit is always the developer, you as someone who get in too late, most likely gonna lost your money. The odd is like very low for you to win in the first place.
It just ain't an investment at all from my point of view. Just reckless speculation. That's why I never trade one neither invest in one of them.

Shitcoin prices can be increase because of the community and hype besides that they don't have strong fundamental which if you hold them for long term most likely you will lost all of your money because usually after dumped it is almost impossible for shitcoins to bounce back that's why some traders says shitcoins are scam and just stay away from them if you want to lost your money

I think we should be clever to see crypto market that sometimes shitcoins is not always bad because if you have the ability to enter early to shitcoins sometimes they can give decent profit to us but just make them to earn profit only and not hold them to long term and if you want to invest then bitcoin is still the best coin to hold compared to altcoins

Shitcoins and memecoins almost always follow the same script they explode in hype, influencers push them hard, the early entrants make money, and then the late investors are left holding bags when the frenzy dies down and the coin loses relevance they’re not designed for long term growth but for quick pumps and dumps like you said, it’s basically gambling dressed up as investing. Your point about solana surviving while the others vanished is an important one solana worked out not because of luck but because it had a real ecosystem and developer activity behind it that’s the difference between projects built on fundamentals and those created just to ride hype cycles.

The real lesson here is not to blindly follow anyone especially in crypto communities where a lot of people are shilling what benefits them instead, building the habit of doing your own research, checking project fundamentals, and asking yourself “does this coin solve a real problem or is it just hype?” makes a huge difference over the long run. The fact you went through this experience and came out with more discipline is actually valuable many people keep repeating the same mistake chasing hype over and over but you already understand now that sustainable wealth in crypto comes from patience, research, and focusing on projects that can survive multiple cycles.

To begin with, why are you investing in shitcoins? Perhaps you don't know the meaning of shit? That should have hinted to you something.

Well, I read your narration, and for correction sake, $SOL is never a shitcoin, and the right time of investing in cryptocurrencies matters. The coins/tokens that have ruined the accounts of some people are the same coins/tokens that have made others very rich.

Unfortunately, people do not want to wait for the right time but like to invest all the same (FOMO). It's good that you've learned your lesson, as it's part of the needed experience.

Shitcoins and similar investments aren't meant for long-term investment, but rather for a specific moment. If you're done, forget it.
If we say so, it's trash that will clutter your wallet.

Invest in reliable coins. When investing in altcoins, research them, analyze them, and choose those with strong fundamentals.
I don't recommend altcoins for investment, but if you're truly serious about the long term, consider Bitcoin. It will safeguard your financial future.
Tell those closest to you that we recommend Bitcoin as the only long-term investment.

I think that the op was trying to talk about those that are hell bent on gambling on shit coin, because their are two things that makes most investors risk the hard earned money on shit coin.
First is ignorance, like not knowing how dangerous it is before putting their money in it, and this ones is mostly done by newbies, they falls into this category.

Secondly, it's greed for 10x to 100x.
You will see an investor knowing fully well that this is a dangerous move, but they will still go ahead and take a risk on it hoping for 10x to 100x due to greed, at the end they mostly end in a loss, since it more of gambling than investing.

I agree that one should never invest in shitcoins for the long term, because in the end, you’ll only end up disappointed for sure. As much as possible,
if you don’t have to invest in them, then don’t.

However, if you plan to use them for the short term as long as you know the right timing to sell in order to take profit then that’s
the only way shitcoins can really be used, in my opinion, for investors who remain vigilant.

Shitcoins is not a coin that you will invest on and think you can probably achieve profit, because you can't predict it and you don't know if he will raise again when ever he drop you can easily lose your funds and feel disappointment. Shitcoins is risk and if you can't take risk don't invest in it because most shicoin are a short term project and you can't guarantee you will profitable when you invest in them even in the short term. So you need to be careful when making decisions on investing in Shitcoins. Some prefer to used shicoin to trade then investing in them, because they know that is not a stable coin like bitcoin that won't drop easily.

if you invest in bitcoin for long term you will always get the believe that you will surely profitable when the price increases but shicoin don't have point to increases or decrease so if you want to risk in shicoin try to invest small before you lose all your funds but I can't advice person to invest in such coin because is not a steady coin that you can relaying on and think you will be profitable. Even you want to take risk make a research about the coin before you take decisions because they are different coins that is making people lose alot of funds.

@OP, for your information, SOL and TON are not shitcoins. A shitcoin is basically a coin or a token that doesn't have a purpose or a proper project behind it, they are just created by someone who no one even knows anything about, brought into the market in some way, and then vanish as soon as the creator gets enough money that he wanted to make from creating that shitcoin. Even meme coins could be called shitcoins because they don't have project backing them up, they are created in thin air, sold through hype and big dreams, and then are abandoned by the market after some time.

Both SOL and TON are proper altcoins. SOL is the native token of Solana, a layer-1 blockchain platform with very fast transaction confirmations and low fees. TON is the native token of Telegram Open Network, which is also a blockchain platform from Telegram. So, these are not shitcoins. I don't know about the guy who suggested you buying these and not Bitcoin, but these are not bad cryptocurrencies. However, what he said about Bitcoin is BS. Bitcoin is not only for the rich, it's for everyone.

This is what the situation with most of the people who claim themselves as pro or an expert when they don't have any idea why they are doing but they are doing it with the hope of seeing it big just like the gambling. I took my chances and not going to do anything with altcoins and I took the stance a while back but still there are users who claim that I am missing a big profit whenever the new trend arises but these all are just short term bust happens so randomly for that we hcan't have any plan at all, just need to be lucky.

like timing the market is an easy thing to do. no matter how "vigilant" an investor is, he will get rugged by insiders.
imo, there are 3 types of people in the shitcoins/memecoins investing world, insiders who take home 95% of the profit, lucky investors who get the other 5%, and bag holders who are left holding... the bag.

i would rather gamble my money at a casino than invest it in shitcoins (short or long term), which imo are all scams with worse odds than a casino. they are called shitcoins for a reason ffs.

Don't take Shitcoins reason, because Majority of Shitcoins out there are pump and dump projects, and Sincerely speaking Shitcoins are not coins you should be investing your money on for long term, I can remember back then when I invested some hudge amount of money one a shitcoin which I can't really recall the name that particular shitcoin. buddy I bought this shitcoin and left it in my exchange wallet just for 3 months and gest what when I went back to check how the shitcoin performing in the market what my eyes say my mouth couldn't tell, this shitcoin dump and I lost all my money just like that. So my advise to you is to go for the big boy BITCOIN, buy bitcoin a good portion of it and hold for long term 4 to 10 years or longer and you will make good profit,  because bitcoin is a store of value with potential returns.

If you are using your hard-earned money for investment, then make sure that what you are putting your money is also capable and valuable for its worth. Do not see investing like gambling, because that’s actually the reason why a lot end up suffering from losses instead of seeing themselves having profitable gains.

Shitcoins, whether they’re short-term or for long-term, that won’t matter. Shitcoins will never be worthy of our money, simply because they don’t have clear goals and destination, and are only pump and dump scheme, unlike bitcoin which has already proven its real worth and value for over a decade.

Gone are the golden days for shitcoins and meme coins, they may be profitable somehow but now, most of the time they are just the sources of our losses and regrets. So why still bother to invest when we all know we’re all destined to lose with shitcoins in the long run.

Prioritize bitcoin instead. The price may be quite expensive but we aren’t buying the whole portion of bitcoin in the first place, so for me, just get rid of shitcoins and even meme coins, invest in long term with bitcoin.

It's not even recommended to initiate financial change through shitcoins or meme coins, as this can have negative consequences due to the lack of fundamentals.
Most people get caught up in certain situations because influencers claim they've successfully doubled their money in these coins, creating excessive hype that encourages ordinary people to get involved in these coins.
In my country, there was a commotion because influencers managed to make a lot of money in these coins, which influenced the public, who ultimately became obsessed with the hype and became caught up in this issue.
If you want to change your life for the better in crypto, you should try investing in Bitcoin, because even though it's slow, it's far more fundamental.

If you follow the market in recent days, especially the BSC ecosystem when BNB continuously reaches new ATH, there are many memes, shitcoins increase x5, x10 or even x100 like meme $4. So I think shitcoins and memes are still the same as ever, they never had a heyday and will never completely disappear. They are part of this market but investing in them is like gambling not investing.

For me, only gamble with them if we are experienced and willing to take the risk. Otherwise stay away from them and just focus on bitcoin and top coins like ETH, BNB, SOL.

Shitcoins are the reasons so many new investors and people who know nothing about the crypto world say it's a scam

Imagine when a novice getting to know about crypto for the first time is introduced to shitcoin and he/she buys and decides to hold long-term, the disappointment will be unmatched

Shitcoins are called shitcoins for a reason.

The subject of your topic is totally accurate because when you invest in any coin that does not have a value on the process of holding the coin it may die off, the value can be reduced in the market if you it does not have a good sponsor, that will make the coin not to have value, so whenever anyone wants to invest in any Shitcoins, the person should try to investigate about the coin very well to know if the current can be volatile, before the person go into investment, so we should understand that investment of coin especially all this Shitcoins, is very risk because you may invest today and tomorrow the coin will be out of market so it is better for you to invest in a coin but have a value so that the time of holding it will increase for you to make a profit in future, another thing that is important is that when investing in Shitcoins make sure that you hold it for short term not long-term

If you don’t see it profitable even for short term, then the more that you have to avoid it for long term. Or better yet, just avoid taking risk with shitcoins at all cost. I am not saying this based from my personal experience, but this goes for general. Shitcoins are just distractions, now if you’re weak you’ll lose, but if you’re brave and determined, you’ll end up evading shitcoins and focus on bitcoin, that’s making more sense.

DYOR and learn from shitcoins early investors. You may experience small profits, but will lose an amount you never expected. So invest wisely and avoid shitcoins.

Shitcoins and meme coins are not actually designed to make us profitable in the long run. In short, they are just profitable when they are hyped, but once it’s gone, they also end up wither and die eventually, and leave us losing and regretting. That is the reason why these kind of coins do not deserve risking our money, whether it’s short term or for long term goal.

SOL and TON are shitcoins for you? ??? Well, if that's your judgment, then so be it.

But reading your story, I think it's not the shitcoins you are referring to that are to blame for why you end up losing money, but rather yourself. Charge that to experience and next time. decide on your own how you will spend your OWN MONEY.


From the very start, trading is risky.

Not because you weren't able to earn profits from those coins you bought, you can call it SHITCOINS right away.

Practice mate. :)

Investing in altcoins can be very risky because they are highly volatile, this is the reason why you must only do a short term investment and also you must be selective about the tokens you invest in, do your research properly so you don't end up making a mistake about your investment....shitcoins are very complex to understand, the market can crash at anytime and even fall to zero, that's why I prefer Bitcoin

There are persons who are currently investing a lot of their time and resources into accumulating and holding a lot of shitcoins, but if you speak to these person that the coins that are investing in are shitcoins, they may become offended and give you reasons like investing in Bitcoin and other coins that are more established is a waste of time and unprofitable because there are a lot of persons already there. Some of these persons even got some of these coins from airdrops where they were lucky, and instead of trading these coins for better coins are still holding and hopeful. What do you think is the best way to advice persons like this?

Perhaps the entire market is so volatile and risky. But what makes altcoins (shitcoins) riskier is due to the nature of the project, where most of them are scams and built on hype. And once the hype is over, the entire project is also over, and investors have no chance to recover their investment. A careful selection of the project matter is important, but I suggest focusing on coins that have already been in the market for a long time and have a good track record. This will give us some assurance of money rather than those created in hype.

the people who hold shitcoins usually believe they will get lucky again like during meme pumps or airdrops. that is why they get offended when someone calls their coins useless!! the best way to advise them is not by arguing or mocking their choices, but by gently showing real examples. most of this coins pump once and disappear before the next market cycle. just because someone got a coin for free does not mean it has real value. bitcoin and strong altcoins may not move fast!! but they have history, liquidity and real use. it is always better to take profit and move into something solid than to keep holding and hoping.

With altcoin that have utility, it's still okay. But with shitcoin it literally can nuke to zero in the next second. No market maker, no lockups, no utility, no project behind it just value derived from sheer hype.
The shitcoin that OP were investing most likely that kind of shitcoin that have lifespan of 5 minutes ;D that's why it's advisable even if anyone want to invest in altcoin, choose the one with good MM, listed everywhere, have fundamental, and actually generates revenue.

Shitcoin liquidity like these ain't going anywhere else but to developers' pocket with their hundreds of addresses holding 0.5% supply each i.e rug pull.

The trick is that, it's always a new meme and not the old one. We have not seen any old meme that was big, that crashed to nearly zero, and then became big again. Maybe doge could be considered one, because of how big it is, and I am sure shiba is attempting to be second, but that's literally it and even they do not deserve your money considering how terrible they have been.

I think it's clear that we are going to get results that won't be that great for any of us if we are not careful, and we are already at the risky part. Most people forget that this isn't some toy money, it's our life, we worked for it, so there is no reason to risk it with some meme that will go up for a month and then be nothing after that, it's just bad idea.

When you are dealing with altcoins it's important for you to understand that they are highly volatile, this is the reason why it is not advisable to invest for a long time. One advantage of memecoins is that they increase in value rapidly, some people invest in these shitcoins overnight and they get rich but at the same time it's capable of taking you down to zero if you don't apply knowledge

For one, any long-term investment should be an asset that is expected to rise in value because of its utility and rate of adoption over time and by this, any shitcoins that is newly launched or that still exists, is only for short term trading and it is a very bad idea to think of using shitcoins to plan for the future.

Shitcoins by design lack the characteristics required for growing wealth and as the DCA strategy for long term investment requires, a compounded growth, stability to some degree, clear utility that urges  rising demand and adoption. This is where Bitcoin among the rest stands tall, because it fulfill all this characteristics and delivers a long term investment strategy.

Anything that brings you profit is very risky and shicoin is a very high risk and I can't advice my people to invest in it because you can easily lose all your capital in shitcoins because not all of them can give you profit is always volatile and unpredictable so we should invest in bitcoin that one is the best and will definitely reduce your risk and when the price increases you will surely profitable. Shicoin are mostly for trading not a long term many people are using it to trade for short term and that is the best is not for a long term project. You need to be always careful and make research and know which type of coin you will try to invest on first before taking action, so that you won't lose your funds easily in the process.

A good correction, but shitcoins are actually very bad to trade. If we look at all the altcoins on the market, from those with the best prices like $shiba, $pepe, $bonk, to those with no price at all but already on the market, most of them are trash, dumping to zero within a few hours of listing, most people trade shitcoins late, before they get in on the hype, and they get liquidated by earlier buyers. There are many cases like this; shitcoins are just temporary narrative schemes and hype, after which they disappear and our money turns to ashes.

Over the past 16 years, there have been many altcoins that have been considered to have potential because they provide utility and have even made it into the top 10 most valuable coins on the market. But most of them are useless and no one remembers them anymore these days, like EOS, NEO, XEM.

Meanwhile, coins that are called shitcoins because they have no utility still exist in the market today. Such as Doge, Shiba or Floki, they are all considered useless and will soon disappear because they have no utility, no use case. But look, they have been able to survive so far and even have 2 ranked in the top 20 of CMC.

Utility alone is not enough to guarantee success when investing in altcoins.

People can invest in altcoin but they should research before deciding. Not many altcoins can give a profit to them so they must be selective in choosing the coin. They can not just risk their money by investing in shitcoins and it is better to choose BTC and the big coins such as ETH and BNB. Solana can increase more than now so you need to be patient while TON has the chance to lift the price.

So you need to wait for more and hope that all of your altcoins can increase at the right time. Investing in crypto needs patience because the price may not always increase in a short time. You should remember that only invest using the money you can afford in shitcoins so you will not regret it if the price does not increase.

There are some investors who hold some shitcoins for short-term investment and when those coins experience a big price increase, they cannot accept the loss, which is why many try to hold those coins for the long term. This is an important reason to hold shitcoins for the long term. There are many investors who hold these coins out of greed and their investment is completely lost in the long term. Shitcoins are affected by hype. We saw the huge hype of ton coins or not coins, but in the bullish market, those coins are suffering from a crisis of existence.

Well, until a few years ago, around 2017, people saw altcoins go from $1 to $50, $100 because of ICOs. So it was hard for most people not to believe that altcoins weren't good for the long term because they were seeing huge increases. At that time, the market capitalization was small and easy to manipulate. The number of altcoins was also small, so few projects were copying each other, and people were constantly on the project owners' Twitter accounts for information.

Any news about an altcoin caused a huge price increase. Nowadays, there are many altcoins, and they all serve the same purposes; competition has become very high. Bitcoin has consolidated itself as the leader and the safest long-term investment. Just look at how most altcoins have only increased in price thanks to Bitcoin's price increase.

Usually memecoins will lead you to losses most of the time, 99% of memecoins just disappear over time, so investing in memecoins means gambling, many people invest in such coins only in the hope of quick profits, but the sad thing is that they only lose their money. So it is best to refrain from investing in something like this, instead of doing these, think long-term, and invest in Bitcoin, then this can bring you much better things in the long run.

This is the reason why someone needs knowledge about cryptocurrency and Bitcoin before taking any action to invest in them. Having some level of knowledge will help you do your own research and find your own answers, rather than relying on someone’s advice about which coin to invest in.But the point now is that what has happened has happened, and you have learned from your mistakes in investing in those kinds of projects.

The reason why many of these people are giving such advice is because they have no proper knowledge about Bitcoin or other cryptocurrencies, and they fail to make proper comparisons. If many of them had a good understanding, they would never advise you to invest in shitcoins.They would tell you to focus only on Bitcoin, because it carries less risk.It's not about risking your money for quick profits and then ending up losing everything in the name of investment.

With high volatility it's more on the gambling side when investing to shitcoins, unlike with solid projects that already shown usages and still providing updates and real development, shitcoin  is for those who can handle pressure and know how to accept failures, just like what you said, once the project collapse or much better to say once the developers decides to runaway, there's no way that investors will recover every penny that's been invested.

At the time I didn’t know better and I wasn’t  versed in the dos and donts of the crypto verse. I began researching after losing money, that’s a bad way to learn it’s a tough lesson that can’t be repeated by me or someone else around me.

I didn’t even know there’s anything like shitcoins or Altcoin, I only knew they’re all cryptocurrencies, memecoins was the other word I was familiar with.

Someone said I put Solana in the same line as all the other shitcoins… It’s not like I classified it as shitcoins it was the only profitable one.
I love all the new knowledge I’m gaining from this forum.

Investing in seed coins is as risky as gambling. When you invest in them for the long term, you will get profit very quickly from some coins, while if you invest in some coins, your funds will decrease quickly. Because they can pump 100% in a day and can drop 99% in 1 day. Some group makes them very volatile because their liquidity is very low, so these coins can be made volatile with a small budget and they snatch profits from some panic traders. And panic traders only start losing by investing in seed coins. Where investing for a short time is very risky, how can you think about investing in the long term there.

Most shit coins and meme coins are for short time investment when the trend is live, if you do mistake to hold some of them for long, you can lose all your money because some of these projects are just there for the meantime to get people attention and cash out big if they have good investors.

Some meme coins are actually good, but you need to know your ways and do extreme research before deciding on which one to invest in, you cannot just follow what other people tell you with your money, you need to do your own research because crypto investment is very risky.

Furthermore, do not always rely on some of these crypto influencers, some of them are just using the bull run advantage to claim that they are good, while they don’t know anything. Always learn and do your research before making decisions on any coin to invest in.

Realization is something almost every crypto investor faces at some point the hype around meme coins and new tokens can make them look like quick paths to success but in the end they behave more like gambling than real investment most of them don’t have solid projects behind them just marketing noise and short bursts of attention when the hype fades the price collapses and the people who came in late end up holding worthless tokens. Doing personal research is the most important part of crypto investing relying on so called pros or influencers can be dangerous many of them only appear during bull runs when everything is going up and it’s easy to look smart once the market cools off they disappear and the people who trusted their advice are left with losses learning to analyze a project’s fundamentals the team behind it the utility of the token and its long term vision is what separates speculation from actual investing.

Some meme coins might have decent potential especially those that manage to build a community or integrate some real use cases but they’re exceptions not the rule treating them as short term plays during trending periods makes sense as long as there’s a clear exit plan staying in them for the long term usually ends in disappointment because most of those projects were never meant to last. The best lesson from all this is to stay cautious and self reliant in crypto nobody will protect your money better than you will influencers hype cycles and loud promises come and go but steady research patience and risk management will always matter more that mindset is what keeps people growing instead of just chasing luck.

Shitcoins are only good for a moment, if you know what you are doing then you are going to get the best result out of them but that's about it, after a day or two, you should be getting out of them. I understand it's not really logic that made people go into shitcoins, if they were thinking logically then they wouldn't even be in shitcoins to begin with.

But for some reason if you are already in it, at least keep it short and get out as soon as possible, if you do not then you are going to be part of it crashing down. Nobody should hold any shitcoin more than a few days. How do you understand if something is shitcoin or not? Well, if they make you believe that it is not a shitcoin then it's already too late, but in general sense as long as you invest into something with small market cap, consider it a shitcoin.

This is something i learnt very early on in my crypto journey, altcoins are short term projects. Hodl most of them for too long and you basically turn into a bagholder. The reason why altcoins should be held for the short term is because most of them have no utility, they are sustained by only hype and hype can only last for sometime, so once hype dies, the projects goes with it.

That said, if you invest in altcoins and you are lucky to accrue ROI, you should sell it ASAP, don't get greedy and wait for a longer time, in the hope that it would keep on pumping, it won't and there is a reason they are called pump and dump coins. After the pump, comes the dump.

I think most people these days get onboarded into crypto by meddling in shitcoins and Altcoins… then After they’ve learnt their lessons that’s when they remember bitcoin, because by then they must’ve garnered enough knowledge to know better.
Op your case is understandable by me, I also once had the idea that bitcoin is only for the rich prior to my getting into this forum, good thing you’ve known your mistakes and errors and you’re here now, there is enough information and knowledge  in this forum for you to assimilate.

Putting your money in shitcoins should not be considered as investment rather it’s gambling with a high probability of loss.

I think they’re something a newbie mustn’t get involved with, just like you said you need to know what you’re doing to be able to make profits from it, I knew some persons who made gains from the group I was. Someone needs to have a good knowledge of what’s going on in the crypto market to be able to get anything from it, DYOR has been my motto now and it’s helped me a lot acquire more knowledge.

Actually, DYOR doesn't just apply to things like trading; almost anything involving money or a certain amount of capital requires DYOR. Without fundamental knowledge, no one will know the wisest way to generate profits or the goals they want to achieve after investing their capital. So, almost everything must be based on knowledge and tempered with patience to avoid acting rashly or being influenced by others. Because when losses start to occur, that person will be left alone with no one to care about, whereas when someone makes a profit, they will be constantly discussed, as if there's a top group that has helped them.

Don't let yourself fall into a deep hole due to suggestions from unclear people who can make you take implicit actions. When it comes to money, you have to manage it well. Shitcoins are just a pile of garbage that has low value, is unstable, and has no clear use, some of them may be scams or Ponzi schemes. If you want to invest in cryptocurrency, then Bitcoin is the best choice because it has strong fundamentals and clear growth potential.
Bitcoin has many advantages over Shitcoin such as Liquidity, adoption, security (resistance to manipulation) and Stability because it has a large and more stable market capitalization. Focus on building the right financial future for the long term. From now on, focus your thoughts on Bitcoin and stay away from shitcoins.

Altcoin projects have very low quality or zero quality and with such terrible quality as well as weak support and dedication of their founders and developer teams, those projects are very vulnerable to deaths in any bear market.

Don't buy altcoins because they are top altcoins. (https://bitcointalk.org/index.php?topic=5430698.0)

Even top altcoins could not save altcoin investors, non top altcoins will bring massive loss to altcoin enthusiasts if they only have belief but don't have determination to cut loss and exit the market.

The shit coins lure in investor by giving them a cheap price. People think that they will get good return by investing small money and that's where they made mistake. Majority of shitcoins never give any good result but people still keep investing with hope of getting good ROI over small investment.

IMO if you have made up your mind of investing in coins other then bitcoin then choose top 10 Alts listed on cmc and thar too for short term i.e. invest and quit as soon as you see good profit.

The term shitcoin was created for this purpose only. Coins that you speculate on for short term with no actual use case and sell them when the hype is maximal, never to look back at it ever again.

If you make the mistake of buying a shitcoin for the long term, that money is going down the drain for sure.

Hence I dont recommend shitcoins to any newbies out there, maybe vetern traders can take part in this with extreme caution for selling.

Do you understand the difference between Bitcoin and Ethereum?
If yes then I don't think you know them correctly and I would encourage you to make research before you release any information which could be misleading to the general public. Bitcoin BTC is decentralized while Ethereum ETH is Centralized, which both has no similarities but are known for payment purposes and, ethereum are also liken to be the mother coin after Bitcoin. Anyone can invest in both depending on choices of investment from every individuals and target of their investments. Although for me I can easily go for long term investment with Bitcoin, and of course one could also go for long term investment with ethereum because they are both proven to be the most trustworthy coin in the market, however, Ethereum is altcoin and it solely depends on Bitcoin to make it's moves and whatever that affects Bitcoin market generally affects the altcoin market as well.

Sincerely speaking, what you call shitcoins are other people's gems. After all, there are people (even here) who call ETH a shitcoin. Are you surprised at that? Well, it's true. The Bitcoin maximalist don't regard anything that's not Bitcoin as an investment to hodl. On the contrary, I've a friend who doesn't have a single satoshi. I've tried convincing him to invest in Bitcoin but dude won't budge.

A few days ago, I listened to one of Nigeria's top crypto influencers who in the recent past advised his mentees to only investment in "strong utility" based tokens make a U-turn on that. Now, he's of the opinion that narratives beat utility. So, to him now, the so called shitcoins are worthy investments that can bring in nice ROI. I think he didn't lie on that.

Don't give up on those cryptos. Alts season isn't upon us yet. We're still basking in the Bitcoin season. Alts rally will commence when Bitcoin dominance dwindles. If it makes you any glad, I'm still hodling Notcoin, Ton, and Sol; though in small portions and in expectations that they will bull this alts season. I expect that to happen in 2026.

And that is what bull run is. It is a season that price is expected to go up, so you were correct on the knowledge you had of it then.

The fact is that most airdrop coins will collapse after a little while that they are distributed to various wallets because there will be rush to dump and the more hodlers sell it will create panic more and it will further crash. Most airdrop hodlers won't hodl it for long because they know that their use case is questionable, so they sell off immediately. However, what some hodlers do is to join the dump and then wait for the crash at the bottom to buy cheaper.

It is unfortunate but you have learnt your lesson. Bitcoin and very few top altcoins are those worthy to invest on. Stay away from shit coins.

Altcoins are simply unreliable. If someone chooses to invest their money in altcoins, they've already made the riskiest investment of their life, since they never know how these altcoins will develop, and whether they'll be scams in the future is also uncertain.

So, rather than risking yourself investing in altcoins, it's better to invest your money in something more certain: Bitcoin. You can hold it long-term and don't have to worry about your investment being scammed, since it's more reliable and has been proven over the years.

It was a regrettable thing that you had to learn your lesson through your money because of believing what you think would be profitable through the person you were seeing was a professional in the field, cryptocurrency is not by having a telegram channels were somebody will make themselves an admin and invite people to come so that they will serve as a signal between them and the right coins to invest, cryptocurrency especially those shitcoins are very dangerous and if you are somebody that go about looking for one to invest you are definitely prone to invest on the worst one, so actually the idea of Bitcoin and Ethereum being only for the good financial individuals is wrong because a lot of people started like you are also on it.

You know what I think I have read this post somewhere else like maybe on the other forum, I have to double check although that account was new and this is too, not accusing you of anything bro but all this seems unclear to me.

Anyway, you are right meme coins follows a trend they can go up and down anytime we should not have any belief in them. But if anyone want to take risk they should consider the loss and the profit.

Solana is was a good coin, you invested in a good one and if its etf got approved it can go as high as $1k.

Not problem investing in altcoin or shit coin during can manage well how risk and get faster for taking profit because almost shit coin not recommended for long term holding. I think have difference moment when investing at shit coin and bitcoin regarding how faster to earn much profit indeed with small capital but always be ready with shit coin easily getting scam after the developer run away and removing liquidity. During shit coin popular I think many trade earn much profit with small capital from BSC chain shit coin until recently SOL network shit coin still giving much profitable.

However trading with shit coin must control well with greedy, after earning much profit based on how much price sell targeting and never hold for longer time. Bitcoin very good option for investing but if want earn much profit we must prepare huge capital, small capital seems difficult to earn much profit as profit earn with shit coin.

Yes, your absolutely right on this one. Actually when people come into the crypto world, they think that bitcoin is high priced and many altcoins prices are so cheap that they are tempted to buy those coins. Some even less than cents and they calculate profit margins seeing this.

They need to understand that even though bitcoin is high priced, it is still better to invest in buying bitcoin than any other coin. It is more safer investment as some of the altcoins have the risk to go to zero or being rug pulled.

OP, your mistake is to invest according to other people's advice. So experienced people say you should invest by doing your own research. Among the coins you mentioned, SOL is not bad, it has been in the market for a long time. And you mentioned a few memecoins and shitcoins, which are not suitable for long-term hold.
However, hopefully you've learned from mistakes. Now if you want to make long term investment then focus on Bitcoin. If you invest in Bitcoin and hold for a long time, you can expect to make a profit and your investment will not be so risky.

Because they are lacking of research and only looking at the price. If they just do a research towards on which coin is best to buy for sure lots of detailed information would point out that Bitcoin is more better compare to other altcoins they are looking out there.

Also even if price is now on 6 digits figures people could still able to buy small fractions then invest with it.

Maybe they are just been attracted with some alts but for sure later on once they gather some life changing experience this people would realize that Bitcoin is more ideal coin to hold rather than those shitcoins they bought before.

People who take advice to invest in memecoins and shitcoins surely have a short-term plan. When they think about holding their coins for a longer period during a downturn, they will only realize it when the value of their coins keeps dropping and they become worthless.
Everyone can learn from their experience, not knowing the amounts already allocated to memecoins and shitcoins. But if it's a large amount, it would be very profitable if they had Bitcoin instead of memecoins and shitcoins. They can regret it, but they can also fix it for the future.

Not all altcoins are useless, there are many altcoins that have utility, use cases, real world applications. But it is not advisable to invest in them for long term as they are centralized projects and we cannot predict the greed of their creators and developers. They can destroy and abandon the project at any time if they become greedy and leave us with unexpected losses.

Also, not all altcoins are going to die or disappear. We should accept the fact that there are many altcoins that have existed and will continue to grow along with bitcoin. The cryptocurrency industry is more than just bitcoin and it cannot thrive without altcoins. For example, ETH, LINK...they even play an important role in the development of the cryptocurrency industry as well as connecting with traditional finance.

I hope everyone will come to realize this but many will still fall victim because of newbies coming into the space everyday. Every newbies will have to learn the hard way before coming into their right senses.

The problem is that, they feel they could get rich immediately by following those feeding them with wrong information. When their plan fail, they start to research and find out themselves especially for those that still love the space, the ones that have less passion quit right away.

How many experiences does people need to hear and read before they stop investing into them? I have held some but fortunately dumped them already before they have turned into liability on me.

We wish that there will be no more victims that will fall for them. But, newbies come to the market everyday and these developers and marketers will come to get them by and will attract them still.

I don't think it is necessary to invest only for short term in these top 10 listed coins. These top coins have potential and also a huge volume backing their rankings so it is not bad to trust these coins with long term holdings.

Short term holdings can be for those coins who either are recently created or are backed by no actual real world product. Investing even a small amount there can make us earn really good profits but only a couple of such coins from hundreds will succeed. Remaining all will end up rug pulled or dumped for pennies. I personally would prefer holding top 5 coins for a very long term. In fact I'll just buy those and save the keys in some safe place and completely forget about the investment.

Even if there was no newbies shitcoins will still get to a lot of people, if shitcoins participants were to be visible you might even see non newbies to be the highest among all because there are people who revolve only on shitcoins, it wasn't because of unaware of the risk but they just want to do what every other experience people feared so that they will be able to create some fact that shitcoins are good but no matter the amount someone is lucky to achieve in any shitcoins isn't going to make it good because is like gambling that first wining doesn't open a way for another wining to come. so actually if this wish was possible that would have been the first wish of everybody.

You're right, they're not only for newbies but also for those who have been in the market for so long. Those who are trying their luck with these types of coins. They're the ones who patronizes these and trying their luck if they're going to make it. I often see these people justifying what they are buying and even showing the numbers and calculations that there's more gain to it. While they could be right but it's more of luck than of the real strategies that they can apply when they search and trade on these.

Those who have the opportunity to come across various informations that has been passed here will learn not to put in their money into shit coins for a long term some will learn from the mistakes of others and to the newbies that were unable to get the information earlier they will still fall victim because they have no idea of what they are investing into.

The ideal they have is the get rich quick idea which is why they don't check the future of the projects before investing and those that share informations to them but once they lose money they will be forced to do a personal research to know the best thing to do or they run and never try again.

If anyone ask you to invest in some shitcoins, then you should know that the person doesn’t like you, and the person is not a professional. Why will anyone even tell you to avoid BTC, and you should invest in shitcoins, you should know that the person was just setting trap for you. Even if you are not rich, you can still invest in bitcoin and you will have peace. The risk involved in Investing in all those shitcoins is high, you can easily lose your money after investing.

You were asked to leave those coins in your wallet till during bull run, you should know that some coins will never bounce back, whenever some of this shitcoins start dumping, they going to just keep on dumping and will never bounce back, that’s why investing in shitcoins is just risky. Shitcoins are pumped by hype, and immediately the hype dies down, mostly the coin does end up dumping and will never recover.

Do you think there’s still hope for these coins, And there’s still gonna be a bull run for Altcoins but already some of them are rising with the upward trend of bitcoin. So Altseason begins when bitcoin stops pumping and this other coins starts rising and you expect this to happen next year….. okay. I still have some notcoins and others available though their values aren’t worth anything now so I’ve kept them, waiting for it to disappear lol. I converted some tho.

One thing most people have fail to understand is that anything you do, that you can make a whole lot of money in a very short period of time, just know that you can easily lose a whole lot of money in a very short time also, and the way shit coin are, they are not meant to stay in the market for long.
If you are lucky enough to buy very early, you might make something big out of it, but anything that makes you buys late, just know that the probability of losing your money is very high.
They are created for gambling purpose, so they lives on hypes alone, so once the hypes is gone, that's when it starts dieing a natural death no matter what Bitcoin price is doing, so we should try to avoid investing in shit coin, but if we must do, we should treat it like gambling, gamble with an amount you can afford to lose.

Investing in shitcoins is the same thing as gambling because you can put your money in shitcoins now, and you will be liquidated in the same minute, and you will never recover your money. The only time you can invest in shitcoins and you will be lucky to make money from shitcoins is when you are very lucky to invest in a shitcoin when its market cap is still at $100k. Many people believe that Bitcoin investment is for the rich folks because the price of Bitcoin has skyrocketed, but they don't know there is a strategy called the DCA strategy, which allows both the rich and poor folks to buy Bitcoin little by little with their discretionary income. So if you are interested in investing in Bitcoin, you can use the DCA strategy to invest in Bitcoin with your discretionary income, and you can accumulate a large reasonable amount of Bitcoin if you are consistent and persistent in accumulating Bitcoin.

The sad reality is that we tend to trust someone easily because they look trusting. Many were good at words, speaking like an expert, but it was all just pretense. This is why many people easily fall into this trap, because if we listen to them, we can think that they are worth trusting. Unfortunately, things have changed after, and their true color comes out.

That is why we should be cautious when dealing with people, especially in Telegram groups. They are already known as mediums of scam and fraud, and many stories prove this accusation. I think ignoring them and any of this kind of work is the best thing to do.

Shitcoins really shouldn’t be seen as investments because they don’t have the same foundation or long term value that something like Bitcoin has they are more like quick opportunities that depend mostly on hype and timing than real use cases or technology most of them are created to catch attention make noise and then fade away once people stop talking about them. The truth is if something can make you a lot of money very quickly it can also make you lose it just as fast that’s the reality of trading volatile assets like shitcoins some people get lucky because they buy early before the pump starts but most who come in later end up being the exit liquidity for the early buyers once the hype dies down the price crashes and it’s almost impossible to recover from that.

Shitcoins live on speculation and excitement not real utility or long term vision that’s why they can’t last they are made for short term trading and gambling not serious investing the best thing to do if someone really wants to play with them is to treat it exactly like gambling use only what you can afford to lose and never expect stability or long term growth. If you’re thinking about building wealth or securing your money for the future then Bitcoin or solid projects with strong fundamentals make more sense shitcoins might give you a thrill but they won’t give you peace or lasting profit they come and go with hype cycles so the smarter move is to focus on something real and let the gamblers chase the noise.

I learnt a lesson a long time ago when I lost 1.5 Bitcoin from the shitcoin. Though the Bitcoin price was low, I can't recall exactly but it was likely around $15K or so. But imagine, if I have that Bitcoin in my wallet, then I must become richer than now. So after that I decided not to invest in any shitcoin, and I have still been following that. Some of my friends are even suggesting investing in shitcoins, but I have been ignoring them. They think their shitcoin suddenly will pump and they will become rich. But I explained to them how I lost funds from the shitcoin investment.

Just forget about the Airdrop you are doing right now; it's not worthy at all. All just are not even shitcoins; they are scam coins, and at the end of the day, you will get nothing from them. Just choose the top ten altcoins from CoinmarketCap. They aren't shit at all; otherwise, you must invest in Bitcoin if you are afraid to invest in altcoins.

Even if the 1.5 bitcoin you lost on shitcoin cost around $15k, it's still a huge amount of money and if you had left it in bitcoins till now it could have been around $180k. Sometimes i used to also feel happy that i didn't invest in bitcoin when the price was so cheap because imagine selling or trading my bitcoins for shitcoins and lost all and now i realize how much it could have been if i had hold it till now, would have just started having severe headache as a result of regrets. Surely, just as your friends, there are many people who pay deaf ears and invest in shitcoins because they feel they can get up to x100 of their investment but they forget to know that those coins are pump and dump which means they might be expecting the price to increase more but it can end up dumping within a short interval of time.

Airdrops are the worst thing anyone can engage in because apart from being a shitty project, imagine participating in airdrops campaign or farming and at the end you are given some peanuts of the coins, isn't it a wasted time and effort?
Bitcoin is just the only sure investment to think of rather than some shitcoins and airdrops.

Just like the name sounds...shit + coins is totally rubbish and can be risky when we invest in these projects because of their possiblity of becoming a rug pull for the community. Memecoins and shitcoins are likely the same although their are exemptions here. Invest wisely and don't listen to any influencer that will want to convince you to invest in new Shitcoins that are created to milk potential investors that are not aware of the market manipulation. We need to be wise and smart in decision making as crypto investors.

Op, lemme help you to complete the title "Never invest in shitcoins for long term because it's not gonna rise when it falls"
I have been holding shiba since 2021 that the price crashed on me and yet the dry bone has refused to rise ;D

Shitcoin investors are gamblers. So, if I ever feel like gambling, I'll pick some shitcoins and invest some few bucks in it. It's a two way thing, it's either it's turn to zero or it will X10 Lolz

You know that thing they say about experience,, that it is the best teacher? That's it. I have experienced there shit and in my stay while doing the shit investments, it smelled badly. It's so bad that I learnt the hard way, but at least, I have a first hand experience and I learnt enough. Now, they are shit, and shit they will remain.

If I must think investment, or rather, if I must invest, then it's Bitcoin or nothing. If we have a coin that can last for years with an increased value, why would I keep running around shitcoins and memecoins that there future are not promised and are rather unrealistic. After all the lessons experience thought me, its a total waste of my time to involve in that anymore.

I rather stick to Bitcoin accumulation, investing bit by bit from my discretionary income using the DCA strategy, and in few years, with consistency and discipline, I would have stocked some reasonable amount of Bitcoin for my self and future.

Shitcoins are no longer healthy and profitable these days, so if we can avoid them and stick to bitcoin, that would be the best decision ever. No need to find luck with shitcoins because gone are the golden days for shitcoins and meme coins. They may be profitable but that’s only before, bitcoin is the ultimate goal investment nowadays.

So never take risk with shitcoins, not because they are worthless and no longer in profits, but they aren’t just suitable to live a longer life in the market, and they eventually die and become extinct, which is the total opposite with bitcoin.

I was casually looking at the Coinmarketcap. com screener for shitcoins: everything in red -50%:

https://talkimg.com/images/2025/10/10/UGxAeG.png

Bitcoin down 6%.
Shitcoins down 40%.

I guess you wouldn't want to invest in those coins for the long period, if you cannot distract for only a few hours.

Yeah you can trade shitcoins for short term gain but not advisable to hold them at all , like $NOT that came with a lot of hype being the first telegram main project, like the father of telegram mini app coin . You can see that the price now is opposite to that they promised , and those who brought then are now regretting the decision they made then .

I am completely agree with your statement that the high risk coins do not qualify as long term investments since I noticed that the percentage loss is significantly higher compared to the Bitcoin during the market crashes. I perceive such data as a severe reminder of a speculative and volatile definition of such assets. When an investor is not able to sleep and continue with their business without checking on the price chart without fearing the fact that the asset may lose a large amount of capital, then clearly that asset is too risky.

It should also not be forgotten that peace of mind is also an essential element of a successful long term investing that is obtained by selecting structurally stable assets. I believe that the focus on capital invested on unstable fundamentals assets can be seen as the violation of the principles of risk management. I conclude that not taking a risk to have our capital debilitated between two extremes is much better than trying to reap unguaranteed profits.

Your first mistakes was to follow Airdrop groups on telegram as that is the safe heaven for spammers who just want to dump their airdrops referral codes and writing jargon just to get you registered under them, most of them even decieve people to the point that their make them believe in those shitcoins projects and that is what most times make them to have a long term investments plans for such shitcoins being promoted on telegram.

Coins other than Bitcoin are always more fragile in terms of market resilience, as a Bitcoin price drop can often trigger a much larger percentage drop in other coins. Today, I was surprised when I opened the market and saw Bitcoin's price drop of almost seven percent in a single day, even though yesterday it was slightly better, although there were no signs of recovery.

The principle of investors is to seek long-term returns and not bear too much risk on their investments, even though the capital burden may be significant. However, when an investor chooses a stable asset to invest in, there will certainly be no growth in their investment because the price movements of stable assets tend to be stagnant and don't experience significant fluctuations. However, when an investor chooses an asset like Bitcoin, there lies both the beauty and the challenge of not panicking and being more patient in the current market conditions.

Yes, this usually happens to beginners. They see that the price of shitcoin is much more affordable and cheap. They think that by buying with large capital they can get more coins that they want, and their illusion is that if one day the price is in line with what they want, they will get the wealth they desire. But in reality, the way it works is not like that, the creators or owners of these coins have full control over what they create, and they also want to make a profit in this crypto industry.

As you said, this cannot be called an investment, it could also be called gambling, but in my opinion it is more like short-term speculation. As they gain new learning from their experience, they just understand that shitcoins don't have good enough fundamentals and they just switch to assets that have good fundamentals.

Some people are not who we think they are until we get to know them better. I have been in the same situation as well only that I didn't invest in any coin he ask me to not because I didn't want to but because I didn't have the money to invest then, I was sad I didn't because anytime he opens his wallet for me I see did coins different figures thinking this guy is way ahead and a pro and I was missing out. He said to me that shit coins are the real deal, you get to buy cheap and sell high.

I went to look for money and after I made some money I went back to him only for him to tell me that cryptocurrency is scam and that all this coins are not reliable that he has lost a lot of money. That is how he stopped investing in crypto and left cryptocurrency.

I realized that you can't trust everyone's word about crypto and that it is better you learn by yourself and that's how I got interested in learning by myself.

It's clear that bitcoin has fallen slightly, while shitcoins have fallen even further eople who invest in altcoins may be disappointed to see this decline in such a short time.

I have lost interest in shitcoins because I have experienced huge losses in the past, which was painful.

After such a deep decline, it seems difficult for shitcoins to recover in a short period of time if bitcoin can recover more quickly, then I would have more confidence in bitcoin as an investment.

Shitcoin is not for long-term investment and does not always end up well. The best thing is to invest and withdraw your money in a short period of time because Shitcoin works with hype; when the hype is gone, there is nothing left again.

Furthermore, the risk is too high; they may run with people’s money and won’t come back again. The best coin to invest in is Bitcoin; there is less risk with peace of mind, and you can withdraw after a long period with profit. Bitcoin hardly makes someone lose their money as long as the investor. Keep it safe and wait for a long period of time.

This is exactly what you say because Shitcoin is not investing for a long time. It is possible to withdraw the profit very quickly and in some cases it is possible to hold for a few days. In fact, Shitcoin, I remember my new coins. Because new coins are the same pattern because they are the same. Most of the time I trade very quickly to make money. However, in some coins, the profit is actually, most of the time.  That's why I am refraining from trade at the present and trying to invest in Bitcoin as much as possible. Moreover, Shitcoin has the most risk and left for Bitcoin for a long time. But the way Bitcoin has fallen today, it has really surprised me.

Playing around with shitcoins really is like playing with fire, and anyone who steps into it has to be ready for the burn that might come after. the truth is, most of those coins are built around hype, trends, and temporary excitement. they rise fast, attract attention, and then crash even faster once the crowd moves on. The market is full of stories about people who jumped in thinking they found the next big thing, only to end up watching their portfolios vanish overnight.. it’s a harsh reality that a lot of traders learn the hard way.

Bitcoin on the other hand, has proven itself over time. it’s not just a digital coin, it’s the foundation of the entire crypto world. it holds long-term value and has the kind of stability that no shitcoin can match. anyone with some extra income can get involved with Bitcoin through a DCA strategy, slowly buying and holding without worrying about daily price swings. that method may not sound exciting, but it works. over time, those small consistent buys turn into something strong, and the peace of mind that comes with it is worth more than chasing short-term pumps. Many people get caught in the illusion that they can flip shitcoins quickly and get rich, but the risk is extreme. these projects can disappear overnight, founders can rug pull, and when that happens there’s no refund or second chance. it’s better to treat them like gambling rather than investing. if someone still wants to get involved, they should only use what they can afford to lose completely, because in most cases, that’s exactly what happens.

Sometimes, these shitcoins will give you quick money but you should know when to exit the markets. If you keep on holding these coins than at the end you can never really expect profits as there is no stable demand for these coins. These coins are mostly hyped by the trend and lose their dominance much quicker.

You always should stick with top coins like BTC and ETH if you want secure investments without much efforts or analysis. These coins might give you slow profits but at least the chances of wiping the entire portfolio is minimal.

You should know how to study the markets if you want to try your luck in these coins. I won't say they will never give you profits but it is very important for you to first know how to analyse and take predictive trades.

Basically and as far as I know, only beginners often trade on pump and dump schemes, namely Shitcoin, for us Shitcoin is trash that has no value in the crypto market. What's more, Shitcoin is often considered a fraud, of course Shitcoin is our type to choose as a trading asset, investment and so on.

For me, in the crypto world, there are only two types of crypto that can be taken as trading assets in the crypto market, namely Bitcoin, Ethereum and BNB, although there are several others, but there are only three choices for me to use.

As far as I know, most shitcoins are created for certain purposes such as fraud, many shitcoins have died in the crypto market, for this reason shitcoins are not a suitable type for trading.

Research is one way of staying informed on new market analysis, and how to create a long term sustainable investment and then shitcoins can be seen as unwanted that poses danger to the market as well as the individual. Most traders fall prey of this because they are fastej to getting results so they end up investing in shitcoins that ain't profitable.

Most of the time, if the project is not that impactful or not really famous, it's suffering from the least amount of investors. I think that it is really for the short term and not for a long time to hold because it can get lower and lower because no one would be putting in money much anymore, and with the recent happenings, I doubt it would be as fast as bitcoin has risen for the past few weeks.

Shitcoins is high profit and high risk and some of them easily disappear after a while as their price will drop drastically towards zero. Bitcoin is just enough for me because it will enable me to enjoy peace of mind, it is only time it will cost me to get the profits that people are aiming in shitcoins. Even if I will consider buying shitcoins, I will use a very small amount of money so that I don't feel bad if the investment goes to zero. However, nd as soon as I see good profit, I will sell.

I get it, those who invest in shitcoins are obviously just trying to chase their luck, unfortunately shitcoins these days are no longer worth it investing anymore. So I’ve no reason to risk even a little with shitcoins, that’s just a waste of time and money. If we decide to take risk, then go straight with bitcoin instead. At least we can still gain assurance that future profits are highly possible, compared to risking with shitcoins where we can’t tell if they can still be seen in the market even after a short price decline.

We all invest for profits, so as much as possible, we need to invest on the coins where there are high potentials to thrive and become profitable in the long term, and I just don’t think shitcoins would still fit for that. They may be profitable way back then but hey, 2025 is never the same anymore.

What is highly profitable now is clearly bitcoin. So we should set bitcoin as our top priority, and forget about shitcoins. But for diversification purposes, some would still want to give chance to shitcoins, but for me I don’t think that’s a good move.

Wait until you see thos alts didn't recover when bitcoin has finally recovered back.
Old alts and shitcoin are discarded and being forgotten while narrative shift everyday, the funny thing is you'd still see some people investing in shitcoins in a heartbeat as if investing in shitcoin is really an investment other than just waiting to get rugged.

I bet most of the founders already exited.

I feel most people investing in shit coins are just people that wants to make quick money, they believe they can achieve that by investing in shitcoins, bitcoin cant give them the kind of profits which they want within a short period of time, they will be able to achieve that through shitcoin investment.

The know the risk involved in shitcoins investment, but the funniest part is that they still go ahead to invest in them, hoping they going to be lucky, and they going to make huge profits from the investment, but most people do end up losing, just few are able to make money from the investment.

We should know that all this shitcoins are pumped by the team, when they noticed that people have invested already, then they will dump it on their investor’s, and they will move on. If you are not lucky to sell when the team are still pumping it, then they will end up dumping it on you, and most of them will never rise again.

Shitcoins are usually risky investments,created after the rise of Bitcoin, they're are of little or no value.Lately, everyone becomes interested in investing in cryptocurrency(Shitcoins), forgetting that they rarely hold any long term value.To avoid investing mishaps,I believe everyone should make a proper and constructive research over their respective choices for investment.

I see no reason why you should invest in shitcoins for long term, we are suppose to even avoid shitcoins, so why will anyone even choose to hold shitcoin for long term. Most people that invest in shitcoins are doing for the sake of money, they are the people that believe they can make quick money from crypto, and they think they can only achieve that through shitcoin investment. If you notice bitcoin price is always increasing gradually, so you can’t invest in bitcoin, and you will expect it to  multiples  within few days.

It’s only shitcoin that can do 5X within a short period of time, and that’s just want most people are always looking for. They know it’s only shitcoin that can do that, but they always ignore the risk involved in it, and most people do always end up losing money at the end. We all should know that shitcoins are just hyped, when there is hype, the price will keep on increasing, but immediately the hype dies down, the price will drop.  Just few set of people do make money from shitcoins, and after making profits in a shitcoin, you might end up losing everything you have made before if you invest in another one.

Unfortunately there are a lot of "veterans" or simply people who have been around, that falls for these shitcoins too. Because they do not understand that they are investing into a shitcoin, that's the issue. I have seen so many people think that anything outside of top 20 as "potential", if it's outside of top 20, then it's likely to be a shitcoin, so focus on that part.

I believe that is not going to be an easy task at all. We need to realize this is going to be a problem for most people and we should make money from these shitcoins quickly based on their idea, but they end up losing instead. So ignore these, and look at only the top ones and you could make some great money from them, because those are the real ones.

If you understand something in exchange for some losses, then I think you have understood and understood it best. It is often said that you should not invest in shitcoins/meme coins other than Bitcoin, but most people do not follow this, they think that investing in shitcoins/meme coins will give more profit. Most of those who have this kind of mentality are victims of losses like you. Always remember one thing, some of the best coins including Bitcoin can be invested, moreover, investing in shitcoins/meme coins will have to be lost. I think the person who advised you does not have enough knowledge about crypto currency, if he had enough knowledge, he would never give you such advice. However, since you have understood it yourself through your losses, from now on you correct yourself and invest in Bitcoin. I hope you will not be lost again in the future because Bitcoin is just a little currency that will definitely succeed in the long run.

The experience of most small investors is consistent with yours. I bought the much hyped shitcoins in the early days of the crypto space with the lure of high profits and made a significant profit at that time but later lost most of the capital along with the profit. I learned from that situation that most shit, even though it shows the lure of profits is a form of gambling. Also most meme coins while promising high returns are not suitable for long term investment.

Bitcoin is the best for long term accumulation.

And that's why they are called like that, because they don't have anything to offer in the market. No use case, except for developers to make money and then work with some individuals for pump and dump of their shit coins.

For us who have been longer then, we all know that this shit coins are. The thing is that there are individuals who still invest on them and think that it's the solution for them to become rich. Yeah, maybe just few persons who got lucky, but it's not for everyone and as what the majority is saying, it's going to get you rekt in the long term.

Yeah, most of these shitcoins are just traps for new investors. They come with big promises and hype, but after some time they disappear and people lose their money. Many of these projects only care about quick profit, not long-term value.

Memecoins and shitcoins almost same only, maybe few are different, but still very risky. People should not just follow influencers or hype. Better to do your own research and invest only what you can afford to lose. In crypto, being smart and patient is more important than being fast.

Shitcoins are exactly what their name suggests flashy projects built mostly on hype and greed rather than real value they pop up every day promising massive returns or the next big breakthrough but most of them are designed to trap inexperienced investors they look attractive because of fast price movement and social media buzz but behind that noise there’s usually no solid utility team transparency or long term vision once the hype fades the developers vanish and the investors are left with worthless tokens.

Memecoins fall into almost the same category though a few like Dogecoin or Shiba Inu managed to survive longer because of strong communities they still carry the same risk because their value depends more on social sentiment than on actual use cases it’s dangerous when people treat these coins like serious investments just because influencers or celebrities promote them most of those promotions are paid and once the price pumps the early insiders dump leaving others holding losses. The only way to stay safe in this space is by doing your own research and never trusting hype or promises check the project’s whitepaper team history token distribution and roadmap if those things don’t add up it’s better to stay away investing only what you can afford to lose should always be the golden rule in crypto.

Most of the time people get caught in Shitcoin because Shitcoin will not be good for long term investment. I think those who are very prudent and very knowledgeable can only profit from Shitcoin but not always. You mentioned beginners it will be very risky for beginners and they will not even understand how they faced losses so I would say it is very dangerous for beginners. But many people follow the experts but I would say if you want to be experienced then you should go at your own pace because the experts know where they can make money but since you are new you should first gain experience and then invest then it will be good for you. But I think Shitcoin will never be profitable for beginners so it is always better to stay away from it. I currently do not find Shitcoin profitable or interested in investing here because I have lost money here before so I do not want to fall into this trap again.

We still have some memecoins that are good to invest since the team has good intention without the motive of launching and rug pulling the project as soon as profits are made. The problem of most investors is that they don't care to make research which is a way to cancel bad projects from getting into our portfolio. The power of researching helps you to check if any of these memecoins have the backup of whales that are ready to hold for as long as possible. Do you research and make sure you don't fall victim to cheap patterns of luring investors.

I agree with you. It's not just his or your experience. All newbies in the crypto world have been victims of the same situation. When I was new, I also thought that it was very easy to make money in crypto. I thought that if I invested in shitcoins, I would get good returns after a while. But I lost most of my money. When I learned the difference between shitcoins and Bitcoin, I stopped investing in shitcoins. Investing in shitcoins is just a waste of time. Bitcoin is the best option for digital investment.

This is a lesson some of us have had to learn and some have to learn from the experiences of others. I feel what causes this is the lack of good knowledge and information out there, people just make do with what they’ve been shown or taught, this wrong informations have a way of spreading more than the good tangible knowledge out there. No matter how much you’ll advise people to stay away from shitcoins and some Altcoins you’ll find that people are still getting attracted to them (their pull force is always strong).
The major drive for this is always quick profits and high gains but they don’t tell you you can also lose your money as quickly as you can make gain.
But I think once you’re a member here in the forum and you get to spend time reading and exploring here you’ll know better.

The danger associated with shit or meme coins is something that may be retained for a long time, so as soon as the excitement is still going strong, you should sell. This is the only way to profit from memes; don't hold onto hype because most of them are driven by it. And a lot of people are interested because of that hype. It's crucial to comprehend how this thing operates since I've noticed that they want to earn quick money, and meme coins are what they use as bait. Don't be shocked if you see the price drop after you buy.

The majority of us have tried meme, but it didn't work out for us, and the experience is crazy because, in my opinion, trading meme is just gambling because you could get liquidated and lose all of your money. It's crucial to know this so that you don't spend all of your money on meme coins because trading them carries such a high risk. All this things are things that are suppose to be understood because if you don't know how meme works the I think the person will eventually learn the hard way.

Yeah thank you for your advice. I’m beginning to think everyone who has been in the crypto space at one point or the other must have messed with shitcoins or heard about it from someone else. It’s good I shared here cos now I see that top guys like you also had similar experiences, I’m understanding the crypto space better.
I’ve stopped wasting my time on those drops, I noticed it was only profitable to the developers and their teams, just changes they drop for us. I’ll keep holding on my sol for now and I’ll add some other top Altcoins. With the next free cash I’ll get, I’ll start my bitcoin accumulation journey.

Investments do require careful consideration because the asset choice for investment is usually chosen because it has proven resilient and has strong fundamentals, making Bitcoin a viable long-term option. Bitcoin consistently has stronger volume than other coins, as interest in Bitcoin far outweighs any other shitcoin. However, some people who exploit shitcoins for short-term profits shouldn't be considered misguided, as they understand that shitcoins are something that can be exploited temporarily and will eventually return to Bitcoin, and the profits from exploiting shitcoins can also be used directly to buy Bitcoin.

Oh wow, sorry to hear that, yeah shitcoins does that unfortunately. I hope that you recovered very well after that. I have not invested heavily into any shitcoins thankfully, I try to avoid them like the plague and I do not see the benefit of them at all.

The best way to improve for me is to make sure that I can see them get better with time ,and as long as I can do that, I have no worries at all. It's clear that we are going to see things change, and for that reason alone, there is no need to invest into shitcoins since big names are getting bigger. Bitcoin itself is better than any shitcoins, at least you will not lose all your money. These people just want to make a ton of money with whatever they have.

You don't even have to bother investing in shitcoins because it's a waste of time and money. You could invest in shitcoins and suddenly everything crashes, who are you going to complain to that you shitcoins value has dropped to zero? This is why you don't have to continue to buy these scam coins because you are going to lose your money if you are not careful enough. As investor, you need to check for good projects that will not make you poor and make you go broke because of greed of making bad decisions.

Indeed, not all memecoins are scams and will disappear one day. Doge is a special case and we don't need to mention it anymore but there are still many memecoins like Floki, Shiba, Pengu or Bonk. They are all memecoins but let's see how they survive and grow in the market. Even 2 out of 3 of them have their own products, utilities and ecosystems, they are really serious about their projects. So it would be unfair to lump them together with other trashy memecoins.

And you are right, the problem lies with the investors and no one else. If they were not greedy and did not disregard research, they would never have fallen victim to such scams.

There are some meme coins that pretend to be stable but in reality they are black bags full of garbage. They grow for a very short time when the whales associated with them feel the need and the need to withdraw money. Those projects deceive retail investors. I had a few piles of meme coins in my portfolio, mostly for short-term trading. I made a profit from them and bought more for more profit, but its value has been gradually decreasing for several months even when Bitcoin price increased, it did not pump.

You are right that most of the time we do not research the coins we are going to buy. If we had bought them through research, our capital could have been protected from unwanted losses.

Let's be honest, 99% of projects on the market is a scam and most of them will be worth $0 in the long run.  
Meme coins are much more honest than many altcoins because they don't try to hide the fact that most of their projects are just a joke, and they don't strive to be like many altcoins that try to attract investors' money to become the “new ether” or “next solana,” but in reality, 99% of people will lose money on them.

One example is Atom (Cosmos), which has been on the market for many years and currently has a market capitalization of $1 billion, but after the market crash a few days ago, its price fell to 1 cent, losing 99.9% of its liquidity.
So in thus situation research is not a best way anyway)

Not only Atom but many other altcoins also lost more than 90-99% in the recent flash crash. But you need to note this crash only happened on Binance, and that means this is just a technical issue and error from Binance, nothing to do with ATOM. Binance also admitted its mistake and changed the chart of ATOM as well as other altcoins.

It is true that investing in altcoins is very risky and research cannot help us avoid all the risks of altcoins. But this is just Binance's problem and I know you know that too, we should not use this to downplay the potential of altcoins.

Also, there are still many potential altcoins worth investing in, we should not assume that all altcoins are the same.

Shitcoins are coins we should avoid. It's okay to buy them, as long as you invest your money knowing the risks. I do it sometimes, but not for long-term goals. Sometimes I'm just looking for luck, because who knows, it might be my lucky break.

These coins are very easy to manipulate. They'll pump high to attract investors, then quickly scam those who invest. Their targets are usually FOMO people who don't want to miss out, and without realizing it, they've already fallen into a trap.

My futures position on ATOM was liquidated 10th october not on Binance, so the collapse of altcoins affected all exchanges, not just Binance.
Moreover, after this event, it became clear that most of the trading volume in altcoins was fake, and apart from Bitcoin and a couple of large projects that fell by “only” 50-60%, such as LTC, BNB, ETH, and XRP.
I think few people understand how important this crash was, because it showed that 99.9% of altcoins are just muses that aren't worth a penny, but people still remember this crash. But as soon as some time passes and the rates rise again, everyone will still think that ATOM is worth $3-4-10, not 1 cent.

You wouldn't really believe how many people think some shitcoin they bought into will "go to the moon". I mean it's obvious that we are talking about something that is huge here, so many people lost millions of dollars there. So it's clear that we are not going to see this and we should be considering this as something very great for all of us.

This is the best thing we can do at the moment, we shouldn't really be worried about it and can't consider this as bad. We can't really we can't really take everyone the same. Some may end up being short term investors who get in and out, in fact most could be that way, but there are some group of people who actually believe what they invest into is the best token to be created and wait.