How did you end up with shit coins?

[Sifon]

I'll personalize this response. I've ended up with shitcoins as the result of the following;

1. Airdrops: Once upon a time I was crazy about airdrops, thinking they'll be the next Hydro or Ontology whose airdrops made a lot of sense in terms of their worth. So I signed up for almost any airdrop I cam across, one of my MEW is hodling tons of shitcoins from airdrops which never amounted to nothing

2. ICO Investments without due diligence: When I was new into the space, I straight up invested in a few ICOs. Some of them turned to be good and some turned out really bad, invested in projects like JET8, Elementh, etc. These to me are straight up scam projects as I've come o realize. Now I have tokens from these projects in my wallet, and their value is almost dust.

[Malkazimir]

The big problem is that at the stage of purchase it is not always possible to determine the potential of the coin. Too many mistakes we make. The market is open to fraudsters and it is not always possible to determine them at the very beginning ..

[vina.lugtu]

I think a lot of people end up buying coins because of the pump. They are assuming that it will happen again and they waited until the coin goes back to its original price. A few months after they bought it, the coin ended up being a shitcoin. That is why I never buy a coin if the hype is already pass because it will be hard for the coin to repeat it again. Not unless it is a top tier coin like Ripple.

Answer on the survey:
Pump & dump scheme gone awry

[btcdevil]

I dont buy coins rather i just participate in bounty campaigns, signature campaigns and earned shit coins, whose whitepaper, team and everything was good. Initially the listing of the coin price was good but the prospectus of the coins was given high and i did not sold it and now it end up to zero. You can tell one way as greediness made me loss.

[athanz88]

One thing for sure, hype. It is the best thing to happen to make a shit coins to be a big hit in the early life of the coins, give the big money for the team, and left us with useless piece of internet coins in the future that doesnt have any value.

Hype kills, so check the fact before you jump in, and be brave to take the risk if something bad happens.

[marcitosi]

people buy them because of the speculative possibilities of these coins. agree because sometimes they give you the opportunity to earn good money

[diouf67]

I've only ever once been stuck bag holding a 'shitcoin' and that was when trying to do a short term trade and the market then moved, normally I would have stop-lossed but bittrex crashed and I was unable to do so at my set price, the price then went much lower and I never felt it worthwhile to sell because there was far more potential upside than downside. Other than that my only shitcoins have been from campaigns or airdrops etc.

[oioioi]

buying it is a stupid thing for me, it will only make loss and deep regrets and disappointments that are not short, I have experienced this, and discomfort appears every time I see a market that continues to spin and throw shitcoin into the abyss, so from that experience, I never bought again, but only followed a few bounties, of course after a long analysis

[Arcanefist]

I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

Fortunately for me, all the tokens I managed to invest never reached the exchange, so I did not need others' mistakes to learn about bad investment calls.

[Cryppy_guyL]

I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

Previously, there was no such thing; now, because of the diversity, everyone is starting to look for alternatives to their coins and find a lot of garbage at the bottom of the list. And I will not say that this is just a finger to the sky, just the project has not received proper further development, that's all. Now one participant also offers the coin canacoin to everyone.

[#Darren]

At the beginning of my way with crypto currencies, I have took part in variety of pumping groups and have made a lot of mistakes. The only advice I can give to the newbies, please stay away from any sign of pumping signals.

[Don Pavilion]

I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

Smart people can buy anything, good or bad. But experienced people before you buy, first carefully analyze, and then buy and put a protective stop order

[Cashi]

I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

Well I have some from bounties or airdrops but we all don't know what will happen to them in the future...

So I just store them on a shitcoin MEW and will wait what will happen. If it works out, some of them are really good ones and value is high, but if not I won't sell them to waste it for tx costs. Market is down so let's wait and look again in a few years.

[South Park]

I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

The main reason of why I ended up holding some terrible coins was the white paper, the white paper was very detailed and I believed the coin could actually change the world of cryptocurrencies by offering something that was not available at the time, unfortunately the developers lacked the talent and the skills to make that vision a reality and so the coin failed.

[batang_bitcoin]

Other.

I just want to buy something out of this world. I just bought those coins base on my feeling and there's really no depth research that happened. I did conducted my own research but I usually check the team and some basic info about those coins.

[Idoe]

When the beginning was so convincing and many believed that the coin had high quality, the team had not been able to disperse and was less creative so the coin had become worthless.

[hellyeahent]

I did not have enough knowledge to define shitcoins and other coins, but now I have enough of expirience and tons of ERC-20 based tokens.

[timmmers]

I have a lot of past ICO tokens and my portfolio lost around 90% on its value. I am waiting for another big Bitcoin drop and I will sell everything and this money I will invest into Bitcoin, then I will pray that Bitcoin will go to the moon again .

[danfred]

I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

When I see that token will have no potential, I give it to people, who want to enter the market. They manage to trade it and make worth something.

[Dilireba]

I sell them at any price to get ethereum or bitcoin. shit coins are not worth to hold even a single day. the project can die and team turn out scam at anytime with a shit coin of shit project.