My deep regret and pain in crypto.

[cryptoWODL]

So I started investing on one shit coin, when ever I receive my salary I divide it into two one for my up keep and the other for my investment, I did this for 4 years and I was so happy because I had faith it will grow as Bitcoin did, one day I checked my wallet and discovered the coin I was investing on for years has dropped I became so scared and sad

After joining this forum are only newbies making the mistake of investing in sheetcoin? I have heard from many members here that they are new and recently came here then they choose different alt coins or sheet coins to invest. They thought it was going to go up like Bitcoin but instead they went down and most of them got hurt.
It is natural that there will be risks involved in investing or trading, but those who invest in bitcoins know how risky it is to invest in other coins or sheetcoins instead of bitcoins. Newbies are attracted to invest in sheetcoins because their prices suddenly increase enormously after they hit the market. As a result, many people jump to invest in those coins in the hope of making more money. But they don't know that investing in Shitcoin has the highest chance of getting hurt even it is risky high.

[Sebas.tian]

I believe, you will never allow such mistakes to happen again by choosing shitcoins to invest when there is Bitcoin, because Bitcoin still remain the king among other cryptocurrencies and whenever you invest in Bitcoin, it gives you the confidence to achieve reasonable income. I think, you understand the coins in the market very well now, because if you don't understand the coins very well, to make mistakes will not be far from you again because there are some altcoins that increases some time to deceive investors at the end. Whenever, you have the opportunity to purchase coins from the market, make sure Bitcoin is among the coins, because whenever the Bitcoin is increasing, other cryptocurrencies will be increasing too which is the advantage of investing in Bitcoin.

[moneystery]

there are many crypto users who have had similar experiences where they invested in shitcoin and expected that it would be worth more than bitcoin.  but instead of it being as valuable as bitcoin, it has dropped drastically and has no value.  therefore, with this experience, it is important for crypto users to be able to trust bitcoin and need to be careful when investing in altcoins, because no one can be sure what the future of these altcoins will be, but with bitcoin you can at least be sure that it will continue  adopted by more people.

[Ever-young]

When I knew about cryptocurrency I went for research and I discovered Bitcoin and other coins in the market, I went to study the history of Bitcoin and it's growth and I saw how well it was, so I said to my self if Bitcoin can grow this big then I needed to fine a rising coin that has not grown too big and invest my money on it, thinking it will grow as Bitcoin did, this happened 6 years ago.

Many people have similar experience including myself. I have long made peace with myself and I will advice you to do the same because you cannot change the past, just take the lesson and make the future better. On that note, what are you doing now that you know that Bitcoin is the way forward? Bitcoin is still very fine for investment now, there is a fixed supply and there is halving event that will always create the needed shortage of supply to push demand up. It might look too high for some people but it is not really high, you can buy a fraction per time and continue building from there. So like I said, it is not something to regret but an opportunity to gain experience. So cheer up and continue building.

You are absolutely right, as they said that experience is the best teacher, we do learn from our mistakes to make us more better.

So instead of killing ourselves for what we did in the past, we should rise up, and correct ourselves and move on to do more better than before and we should bear it in mind that no one is perfect but forgiving ourselves for better tomorrow is the most essential thing to do, and to also create room for positivity.

Although crypto is an easy journey especially if you have enough experience or we don't have much knowledge and understanding about it, we are likely to make mistakes that will make us regret for the rest of our lives, so let's be extremely careful when it comes to crypto to avoid to fall a victim of circumstances.

[Taskford]

there are many crypto users who have had similar experiences where they invested in shitcoin and expected that it would be worth more than bitcoin.  but instead of it being as valuable as bitcoin, it has dropped drastically and has no value.  therefore, with this experience, it is important for crypto users to be able to trust bitcoin and need to be careful when investing in altcoins, because no one can be sure what the future of these altcoins will be, but with bitcoin you can at least be sure that it will continue  adopted by more people.

Although some of them learn a lesson but we can't deny the fact that there are people still thinking about that they can earn something big by continues taking the risk since what they believe that being consistent will result to something big to them. especially when they see some of those shitcoins gets a big pump which make their holder became if not millionaires earning big profits for their tokens. This caught up their ideas that one day there would be a shitcoin that could bring a generate profit for them. For sure they won't realize easier that their expectation is really wrong. But for sure if they are been hurt so much they would think about their mistakes then try to bounce back again by listening to the advice of people then go with bitcoin or top altcoins.

[michellee]

there are many crypto users who have had similar experiences where they invested in shitcoin and expected that it would be worth more than bitcoin.  but instead of it being as valuable as bitcoin, it has dropped drastically and has no value.  therefore, with this experience, it is important for crypto users to be able to trust bitcoin and need to be careful when investing in altcoins, because no one can be sure what the future of these altcoins will be, but with bitcoin you can at least be sure that it will continue  adopted by more people.

Those people tempts from what they see from many websites saying that they can makes a big profit from investing in a new token or meme coins. They will not thinks much about research the project to make sure about the offers. They risks their money without thinks about how much money they needs to use to investing in new project.

If they can see that invests in Bitcoin is a good thing from them, they can makes a profit when the Bitcoin price increase. But we can not force them to invest in Bitcoin, especially if they believe with the new project. If they can be wise, they will research first of what they wants invests so they will knows what they needs to do.

They will also learns about the risks behinds their investment so they will be careful when they wants to continue with their investment. They will only use the money they can affords because they knows that everything can change and the risks can becomes bigger if they don't know how to manage the risks. If they thinks that Bitcoin is the best for them, they must research before they start invests.

[btc_angela]

When I knew about cryptocurrency I went for research and I discovered Bitcoin and other coins in the market, I went to study the history of Bitcoin and it's growth and I saw how well it was, so I said to my self if Bitcoin can grow this big then I needed to fine a rising coin that has not grown too big and invest my money on it, thinking it will grow as Bitcoin did, this happened 6 years ago.

Still not to late though, I mean there are a lot of investors here who have missed the boat, but still they keep on investing because they know that sooner or later it will give them a good profit.

So don't stop and just continue your journey, I myself should have joined early, but I didn't but decided to enter in 2017 and from that time, I didn't look back as to 'what if'. I just invested as much as I can stay on the market, learn tricks being shared here and look for the long term. It doesn't mean that you will invest 1 BTC right away, you can used by we call DCA and you will be good in the long run.

[SamReomo]

However, still we should be thankful with the past experience with altcoins or shitcoins because without all of those, we will never be enlightened and won’t discover the real essence of bitcoin that most aktcoins are lacking.

Yes, that's a valid point, the altcoins have helped us a lot because most of those were failures and that made us stick to Bitcoin as it's way different and safer than those altcoins and especially from those shitcoins.

I still hold some altcoins and even till this day I trade altcoins on daily basis but still I believe that trading those altcoins is a type of gambling as any of those can lose value very fast and the ones who aren't good at trading could lose a lot of money within days.

[CageMabok]

there are many crypto users who have had similar experiences where they invested in shitcoin and expected that it would be worth more than bitcoin.  but instead of it being as valuable as bitcoin, it has dropped drastically and has no value.  therefore, with this experience, it is important for crypto users to be able to trust bitcoin and need to be careful when investing in altcoins, because no one can be sure what the future of these altcoins will be, but with bitcoin you can at least be sure that it will continue  adopted by more people.

Apart from still having to be careful with certain altcoins or shitcoins, at least the evidence we can see through Bitcoin can be a special reference for everyone to have more confidence in Bitcoin than any other altcoin. I also do not deny that crypto users in the past and present have had unpleasant experiences with certain altcoins which may have been caused by the decline in their own value in the market that occurred in altcoins. Because I have also experienced things like that myself in the past, although I also took advantage and got out at the right time before bigger losses occurred.

[pawanjain]

I think almost everyone would have felt the same feeling since almost everyone would have thought of investing in a shitcoin at some point of time.
Even I had bought some shitcoin few years ago thinking that it will grow huge and I will make huge profits but soon I got a reality check.
I have heard the same story from many people and so the feeling is mutual. Sooner or later everyone gets to know that bitcoin is the real deal.
Good that you have started accumulating bitcoin now which still has a lot of room to grow.

From the term shitcoin, I think that would draw a little hint already that you are investing in a coin with uncertain future, although all coins have really unpredictable future. But I guess if you are deeply convinced to invest on the coin, no one can stop you for that. Until you lose and realized that shitcoins have less chances to survive in the future.

Now, investing into bitcoin is probably your best decision. But let me remind you that bitcoin is a long term investment, so never assume that you will be profitable already in just a short time. Patience is a virtue, and that’s what’s actually needed in your bitcoin investment in order to achieve success and huge profits.

Yes, I had bought some coins which were not truly worth anything but seemed like they are just because of the hype everyone built around it.
But it was few years ago and soon I realized that it won't be worth it when the coin started dumping and I started making losses.
The mistake I did was not to do a proper research before throwing my money into the project.
At some point I guess most of us would have made such choices which we regret till date.

[Abu-Naim]

Apart from still having to be careful with certain altcoins or shitcoins, at least the evidence we can see through Bitcoin can be a special reference for everyone to have more confidence in Bitcoin than any other altcoin. I also do not deny that crypto users in the past and present have had unpleasant experiences with certain altcoins which may have been caused by the decline in their own value in the market that occurred in altcoins. Because I have also experienced things like that myself in the past, although I also took advantage and got out at the right time before bigger losses occurred.

Mostly greed causes all these because I have the believe that everybody that is new in crypto space was either influenced by someone that has been doing well through crypto investment or been introduced by someone; and anyone that introduces you should have some little guide to you which I am sure is the first step must of are taking before knowing everything about it; if e have made mistake from the first step, we have to take it and move on.
Likewise, greed of making big profit is also there; some of us wants to win big, they will think Bitcoin will not give them high profit since they have heard of people's testimony on how they made it big through shitcoins investment, not knowing that it will not last and if you are not even lucky to be among the early investors, then you can lose all your money because not all project are legit.

[stadus]

So I started investing on one shit coin, when ever I receive my salary I divide it into two one for my up keep and the other for my investment, I did this for 4 years and I was so happy because I had faith it will grow as Bitcoin did, one day I checked my wallet and discovered the coin I was investing on for years has dropped I became so scared and sad

After joining this forum are only newbies making the mistake of investing in sheetcoin? I have heard from many members here that they are new and recently came here then they choose different alt coins or sheet coins to invest. They thought it was going to go up like Bitcoin but instead they went down and most of them got hurt.
It is natural that there will be risks involved in investing or trading, but those who invest in bitcoins know how risky it is to invest in other coins or sheetcoins instead of bitcoins. Newbies are attracted to invest in sheetcoins because their prices suddenly increase enormously after they hit the market. As a result, many people jump to invest in those coins in the hope of making more money. But they don't know that investing in Shitcoin has the highest chance of getting hurt even it is risky high.

People never get to learn until they finally make mistakes and eventually lose from their investments. I believe that happens to everyone of us as we don’t go straight to bitcoin to invest but were trapped first on those unprofitable altcoins or shitcoins that are quite impressive at first. And when we start seeing our investment dropping into zero value, that’s the only time we get to realized that there is no future with them but it’s certainly in bitcoin. So there is no regretting OP as we all get there, but the fact that we started a new journey with bitcoin, that’s one thing that we have to look positively forward to.

[kentrolla]

there are many crypto users who have had similar experiences where they invested in shitcoin and expected that it would be worth more than bitcoin.  but instead of it being as valuable as bitcoin, it has dropped drastically and has no value.  therefore, with this experience, it is important for crypto users to be able to trust bitcoin and need to be careful when investing in altcoins, because no one can be sure what the future of these altcoins will be, but with bitcoin you can at least be sure that it will continue  adopted by more people.

In a way it's our greed which pushes us to invest into Altcoins and shitcoins as well in the greed of having higher returns but thinos turns out to be different and trust me people may laugh at me but I lost almost $3k in Shibinu and the next week its value tripled so we need to be really careful while investing in Altcoins compared to Bitcoin since the volatility is much higher in Altcoins. But, what matters the most is that we need to consider it as a learning curve and shouldn't repeat the same mistake again.