Holding shitcoins will not make u rich

[AlyattesLydia]

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.

In fact, that's what matters to be considered.

You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.

Take a big risk if you want to win big, you should take small risk if you want to win small.

[arjuna BTC]

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.

In fact, that's what matters to be considered.

You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.

Take a big risk if you want to win big, you should take small risk if you want to win small.

high risk will always come with high profit,,
if you want to win big, just don't be greedy and do not even think to invest or buy a shitcoins,,
shitcoins will be gone from the market,, wich mean you will lose all your money too

[ukloon]

Can anyone here admit to buying and hodling BBQcoin  Fortunately i am not an investor in that but sadly i do hold some shitcoins in my portfolio. I don't think it does any harm to hold a small portion just to keep your portfolio interesting

[Vit83]

Thanks for this picture. There are a lot of  thoughts now about the future of most of the crypto)

[futureofeth]

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.

In fact, that's what matters to be considered.

You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.

Take a big risk if you want to win big, you should take small risk if you want to win small.

high risk will always come with high profit,,
if you want to win big, just don't be greedy and do not even think to invest or buy a shitcoins,,
shitcoins will be gone from the market,, wich mean you will lose all your money too

We need to be very careful when investing because without taking risks it is impossible to make money. We need to check twice before buying any coin in the market because at least we need to find some potential active developments from the team. Without progress development from the team, it is completely waste by buying those coins.

[damberg]

The fact that those shitcoins are not here anymore does not mean that it cannot be a profitable trade. I made profitable trades with utter shitcoins, it is just about knowing when to exit.

[Jhonyguy]

if we want to make money when bull  run starts we should avoid investing in shitcoins and search for potential coins so we can make good profits soon

[Siren]

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

Absolutely right mate,like ethereum whos to be considered as shitcoin but stayed long in top 2 cryptocurrency,and just been recently being overthrown by ripple which had already made many people richer..
Shitcoin doesn’t good for long term holding but it can be good for short term

And besides only whales becomes richer from bitcoin because of the huge value and slow moving

[snedyolo]

Well it depends on the coin that you hold,
Sometimes even the low valued coins could pump hard so we never know what could happen .
There are some low valued coins that manage to survive and get pump so it may not make you rich but it could give you profit.

[hardhardy]

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.

The subtle difference is that 2019-2016 all the altcoins were dumb copy+paste shitcoins and Bitcoin was king.
Since 2017 bitcoin is the shitcoin and the rest of the top 20 are objectively better. Some coins like Waves and Steem outside of top 20 are also better.
This time some alts are here to stay.

[pisston]

Well it depends on the coin that you hold,
Sometimes even the low valued coins could pump hard so we never know what could happen .
There are some low valued coins that manage to survive and get pump so it may not make you rich but it could give you profit.

Of course, to date, earnings in the cryptocurrency business have declined substantially, but all users who invested in cryptocurrency until 2017 really remained richer in existence.

[Bowtiesarecool]

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

Spot on. You can tell by the sheer amount of effort that when into naming what kind of "coin" they are. Most cryptos that are not BTC forks now (or posturing as one) are more geared towards scalability and interoperability rather than dethroning the king. It's been quite a long time since I've heard anything called a "BTC killer" or even ETH killer.

[Vit83]

IMHO most of this "shitcoins" were great, have super IDEA - not just another ERC 20 utility token. 

[DonFacundo]

investing in shitcoins so risky it will not survive longer, but I believe there are only few people who rich from shitcoins these are early investors.

[glowing10]

investing in shitcoins so risky it will not survive longer, but I believe there are only few people who rich from shitcoins these are early investors.

Worthless coin will never make you rich or wealthy and those are the ones where the investors lose huge losses and only owners of the coin will make money and exit he market. Rest of them just lose their money and think that crypto currency is bad or create false rumours.

[CLywaTeLb]

The fact that those shitcoins are not here anymore does not mean that it cannot be a profitable trade. I made profitable trades with utter shitcoins, it is just about knowing when to exit.

Exactly. In January, there were a lot of pumps of all kinds of shitcoins. I make some money. The difficulty was that the exchange did not give me the opportunity to sell some of this shits on high. This may not be suitable for long-term retention, but they are very good for short-term trading in good time, because it makes 10X very easy.

[Oleg88]

it is necessary to choose high-quality projects for investment and there will be no problems. Now there are a lot of junk coins that will simply crowd out the market in the future.

[kronos123]

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.

I agree with what you say and I am sure that many shitcoins can also disappear if the market fails to recover quickly; many ico improvised in 2018 that have collected little could end the funds and abandon the project.

Different speech instead for many Coins that have lost more than 90-95% of their value but who have all the potential, team, community and foundation to get up and resume the growth trend; these can be for example: Stellar, Eth, Iota, Neo, Monero, Cardano, Dash, VeChain, Qtum, Omg, Stratis, Zilliqa, Nano, and many others ..... with these coins if you know how to wait you can have enormous satisfactions in the next 3-5 years.

[AlyattesLydia]

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.

In fact, that's what matters to be considered.

You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.

Take a big risk if you want to win big, you should take small risk if you want to win small.

high risk will always come with high profit,,
if you want to win big, just don't be greedy and do not even think to invest or buy a shitcoins,,
shitcoins will be gone from the market,, wich mean you will lose all your money too

We need to be very careful when investing because without taking risks it is impossible to make money. We need to check twice before buying any coin in the market because at least we need to find some potential active developments from the team. Without progress development from the team, it is completely waste by buying those coins.

The most important thing in non-project coins is advertising. They trick the market with false news and make great price rise. As you say, We need to be very careful and take a risk. My advice is to stay away from these kind of coins.

[NoMoreForksPls]

I disagree - altcoins have better pumping potential than top 10 coins.
That said, they're also more likely to lose your money.
It really depends if the coin is actually a sleeper and how risk averse are you.