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Author Topic: Holding shitcoins will not make u rich  (Read 1721 times)
karel88l
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December 17, 2018, 04:19:22 PM
 #1

Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:

Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.

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December 17, 2018, 04:29:58 PM
 #2

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc
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December 17, 2018, 04:39:55 PM
 #3

I think that now a very large number of stablecoins is being created. This will lead to the pumping of coins from the TOP 50, and their further sale at an inflated price.
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December 17, 2018, 04:42:07 PM
 #4

Sure,there are projects which are bringing something new (these Iam not calling shitcoins),but you have here ton (something around 2000) of coins which are copycats of each other like ton of privacy coins.
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December 17, 2018, 04:45:45 PM
 #5

I think that now a very large number of stablecoins is being created. This will lead to the pumping of coins from the TOP 50, and their further sale at an inflated price.

What do stable coins have to do with pumping coins in the top 50? I don't see the corolation.

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December 17, 2018, 04:46:40 PM
 #6

shitcoin will only fool many people, no one can be lucky. so be sure to choose new coins that are potentially and more selective than choosing shitcoin because it makes a loss.

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December 17, 2018, 04:57:14 PM
 #7

High risk with small money, Low risk with big money. Take a low risk even if you are investing in Shitcoin.
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December 17, 2018, 05:03:17 PM
 #8

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc
I am pretty sure that op did not mean by shitcoins coins like NEO, ETH AND TRON those are for sure are not shitcoins, but I still not agree with OP 100% because I know some people got crazy rich by holding shitcoins, but still holding shitcoins should not be an investment but a try your luck thing it may hit 1 time but for sure will miss the other 99.
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December 17, 2018, 05:06:52 PM
 #9

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc

Yea I was ready to tell nearly the same. This snapshot was made somewhere between the times and really is not the best example. Weak competitors of BTC mostly.

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December 17, 2018, 06:22:50 PM
 #10

Holding shitcoins will not make you rich !
I disagree, even though not all but the fact that some of them can be diamonds, because I have proven it. This is also to be the main reason why I am still collecting shitcoin until now, even though this is very risky but for me this is a pleasant investment. There is a few thing you should know if you want to invest in shitcoin. Don't ever buy it if you don't have more money, and don't expect too much. Just buy, hold, and forget it.

 
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BTCGOLD
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December 17, 2018, 06:44:46 PM
 #11

Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:

Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.



What this photo presents is not "shitcoins". Many coins that are not in this picture were then "shitcoins", and now they are in the top50. Dogecoin, for example.
Certainly many coins will disappear, but if you have to sell something now for $5, it's better to hold it and maybe someday you will sell it for $5000 or you will lose only $5.

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sergiorus
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December 17, 2018, 06:53:57 PM
 #12

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc
I am pretty sure that op did not mean by shitcoins coins like NEO, ETH AND TRON those are for sure are not shitcoins, but I still not agree with OP 100% because I know some people got crazy rich by holding shitcoins, but still holding shitcoins should not be an investment but a try your luck thing it may hit 1 time but for sure will miss the other 99.
so what did he mean by posting a screenshot with top-15 cryptocurrencies? obviously he means every coin except bitcoin is a shitcoin, which is typical notion of btc maximalist. is he right? hell no
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December 17, 2018, 07:09:16 PM
 #13

Well, I am also holding some currencies, currently there are more than 52 crypto currencies including BTC and ETH in my holdings. Your prediction may be right but according to your logic I am not agree with you. I also understand that with massive advancement there will be some things that will be out of the picture.

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December 17, 2018, 08:21:23 PM
 #14

Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:

Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.



As I look at in the given example I can't see any of this coins is performing well and it's been replaced with another one if we look at in the current state of coinmarketcap, I've been holding a lot of tokens nowadays due to market condition, maybe I would be sorry but next coming months.

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December 17, 2018, 08:40:42 PM
 #15

They can be used for short-term speculation and not adhere to the strategy "hodl". They give more profit and if you do not own a large amount of money, then it is worth risking and investing in Shitcoin.
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December 17, 2018, 08:42:07 PM
 #16

I have some altcoins and it include good coins like ethereum, I have some other alts too but those are like my trashes which I dont consider to pump soon.

Luckily some altcoins made a lot of people rich during the all time high. Those people that decided correctly to sell and didnt triggered greediness.

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December 17, 2018, 09:12:48 PM
 #17

Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:

Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.


Out of that Image i do only recognize Rank 1 and 2. BTC and LTC and the rest i dont know whats the situation of those projects.We do compare the ranking as
of this moment and to the image above. We have seen that most of them failed and even the current ones would still have the tendency to to rank down and would be replaced by newer
ones.For the question on holding shitcoins will make you rich then theres a possibility but the odds would really be like betting on a lottery.

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December 17, 2018, 09:22:22 PM
 #18

I am sorry to admit that this comparison is just nonsense... An evolution has taking place and nowadays we are in a completely different scenario, that the one we had for example a year ago. Anyway.. selling your shitcoins at 99%lost wont make you richer, but if there is a small dump of one of them, maybe you can recover some $!

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December 17, 2018, 09:45:57 PM
 #19

Is not all shitcoins as you call them are entirely useless. Some of them will still turn out well in the long run. Thid bear market really affected lots of coins even the good ones.
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December 17, 2018, 09:54:42 PM
 #20

Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:
https://i.ibb.co/px4rmLg/2.jpg
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.




This was "Before Ethereum"

now is "After Ethereum"


https://ibb.co/8r0PpJ6
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