Do you trade shitcoins?

[Blackdeath]

Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.

Do you trade in them? If yes, what kind of volume? Is it worth it?

Would highly appreciate your opinions.

I'm not trading with shitcoins since it's too risky to do since it might be manipulated by its developer and he can dump it continously. In choosing what coin to trade, I always consider its buy order volum and sell order volume and doesn't just rely only in one exchanger in order to see if it's worth to trade.

[ubercool]

Well its quite a gamble to invest and trade in shitcoins, you may loose all your money at once or worse the shitcoin may die sooner than expected. Either way you will loose your investment. Investing in shitcoin is like getting profit in Hyips, you never know when it may scam you.

[torry28]

Yes, i had (at least 1 coin). I bought DIEM coin in poloniex for 4 satoshis each and i have already collected around 1 million DIEM coins for some months. I thought this coin will be rises because they are listed on popular exchange site, the highest peak this coin ever reached was @11 satoshis and i still hold it because it think it could rises more. But unfortunately for me, poloniex decided to delist this coin because of low volume and i was planning to sell it @1 satoshi, but what's next? No one buy this coin until it got delisted by poloniex and i lost my investment.

[surus]

It's probably only profitable if you are on the right side of pumping. For any serious trading strategy there is simply not enough legit volume.

[Apened]

No i dont , it will have a high risk to lose your money and that volumes are only created by a hype. Much better if you will invest in long term coins.

[erikalui]

Most of the coins on yobit are dying. I am just holding 5-6 altcoins on yobit and the market is too small to even trade and earn any profit. On top of that, most of their wallets also don't work and yobit has recently stopped being considered as a trustworthy trading site. Altcoins on bittrex and liqui have a bigger market size and active traders. Altcoins like DASH, ETH, TRST, RLC and XMR are doing extremely well.

Those are just normal alts that everyone has heard of. Not the definition of a shitcoin. Shitcoins have a very small market cap and basically only the dev owns the coins. They'll never go anywhere because they are just clones from bitcoins or another coin and they have terrible names that will obviously never catch on.

I get such coins for free from yobit and don't even trade them as the price of 1000 coins is less than 1 cent like PWR, PAC, THOM and so on. These coins don't even have any market and I don't get why Yobit have them still listed.

[btcdiggingmaster]

In the beginning of my crypto trading, i don't know how to choose good coins and keep on losing the money on dumps and pumps. After many experiences, i cam to know how to find the good one and I am making little profits with the coin I have chosen.

[forlorn_hope]

nope, I don't want to encourage dodgy opportunistic behaviour on the cryptocoin scene. I only support and trade in genuinely innovative assets.

[cardoyasilad]

Yes but i tried for once only and not recommend to anyone to trade shit because its risky and you can lose all your capital within a day, There are some traders are really earning wiht those shitcoins maybe they are just lucky.

[moviebuff777]

Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.

Do you trade in them? If yes, what kind of volume? Is it worth it?

Would highly appreciate your opinions.

I stay away from coins that aren't worth much. They are like penny stocks. Most of the time they are just going to be worthless. You could get lucky with one, but you'll lose money on the others.

[cafucafucafu]

It's probably only profitable if you are on the right side of pumping. For any serious trading strategy there is simply not enough legit volume.

The thing you are talking about is only true in the enviroment of the really bad coin with a low BTC volume, plus with assumption that the trader has a vast quantity of cash.
If you are willing to trade or just buy-in some cheap altcoins, you dont really need a lot of money to have some opportunity.

But all that is just a gambling if you are not educated enough about cryptocurrencies.
You need to have an ability to  find out which altcoins have potential, and which are mostly going to get dumped or just not really welcomed well.
Without such a skill, you are mostly going to lose the money on this type of activities.

[jhenfelipe]

Honestly, it is very unusual for me to trade in yobit but I tried trading Lepen and TRUMP in cryptopia before. I had small investment in Lepen and earned a little from it, then stopped. TRUMP made me lose almost 3/4 of my investment because of fast and big dump from 50k to 6k satoshis each. I decided to sell it and just invest in other coin to get back my losses. Thankful that I got it back.

My experience explained it all.

Here it's same like that we participating into some gambling events, specifically same as that we play dice. However we make strategies finally depending upon the luck we'll win or lose. So with shitcoins some are lucky to gain good profit and the rest loses.

Yeah I know. Both Gambling and Trading have risk, consider your money gone when you used it in either. Advantage of trading is that you have many options (coins), you can pull out your money and try on the others just like what I did. Agree that shitcoins can give good profit, I think just need to be perfect timing of buying or else you'll lose.

[Weatherby]

Yes, i had (at least 1 coin). I bought DIEM coin in poloniex for 4 satoshis each and i have already collected around 1 million DIEM coins for some months. I thought this coin will be rises because they are listed on popular exchange site, the highest peak this coin ever reached was @11 satoshis and i still hold it because it think it could rises more. But unfortunately for me, poloniex decided to delist this coin because of low volume and i was planning to sell it @1 satoshi, but what's next? No one buy this coin until it got delisted by poloniex and i lost my investment.

It is a good lesson to share because i recently purchased a coin for arbitrary trading in hopes of making some quick buck and what happened is that Poloniex is de listing the coin tomorrow and i am stuck with $500 worth of coins ,now i am not able to withdraw it nor do they answer to the support query .Shit does happen in the crypto world.

[amaral1977]

I alocate a very small amount to shitcoins trading/gambling. To be quite honest i don´t always do research. just look at the market, the volume, how the coin is doing for the past few hours to days and daytrade .
Usually get some profit. Sometimes keep the bags and just let an open order there. a few days later i wake up in the morning and the profit is done.
this gambling has given me profit so far, but even so i do it with very small amounts so i dont end up crying over the bags:)

[Cactushrt]

Yes but those coins are not even listed in any exchanges you can only trade by person to person. There are some people willing to pay for those shitcoins maybe they have also a buyer so they buy me bulk.

[Apened]

Yes but those coins are not even listed in any exchanges you can only trade by person to person. There are some people willing to pay for those shitcoins maybe they have also a buyer so they buy me bulk.

Thats good i know some also ,its just created people to.people with a big price value ,well in some coubtries they exchange it in a real products or things equivalent to the coin price value.

[Sled]

I alocate a very small amount to shitcoins trading/gambling. To be quite honest i don´t always do research. just look at the market, the volume, how the coin is doing for the past few hours to days and daytrade .
Usually get some profit. Sometimes keep the bags and just let an open order there. a few days later i wake up in the morning and the profit is done.
this gambling has given me profit so far, but even so i do it with very small amounts so i dont end up crying over the bags:)

Good for you that you took the risk in investing or trading those coins because i also do that but for also a small capital because for me, the small capital is enough for shitcoins to trade because most of the are very cheap and after a few days or hours it will go up like crazy example is gaining 100% gains in just one day and that is a huge profit for me so that is why i still trade shitcoins because it is profitable but we need to be careful and just try will small capital.

[voltesbit777]

Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.

Do you trade in them? If yes, what kind of volume? Is it worth it?

Would highly appreciate your opinions.

No I don't trade them, because most of them are more in Pump and Dump. but still they are all exist in the exchange in yobit,
only things was their price value is almost dropped.

[AjithBtc]

Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.

Do you trade in them? If yes, what kind of volume? Is it worth it?

Would highly appreciate your opinions.

No I don't trade them, because most of them are more in Pump and Dump. but still they are all exist in the exchange in yobit,
only things was their price value is almost dropped.

In my view trading such unpopular coins too is an way of examining our luck. If we're lucky we may profit good and else we just get a mere profit or end up in loss. Pump and dump can be felt often but the same won't get us a big profit. Also there are lucky people who have profited from such coins.

[x4]

Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.

Do you trade in them? If yes, what kind of volume? Is it worth it?

Would highly appreciate your opinions.

What kind of question is that we know that this coin will not make a profit because it's fast pump and dump and they will make you lose if you try your luck on them so don't push your luck there. And there's only one exchange I know that there are plenty of this kind of coins and its only on yobit exchange.