Holding shitcoins will not make u rich

[smoolae]

That is not the case here I think. The so-called shitcoins you are showing in your screenshot still got really "expensive" during the beginning of January. If you had bought any of them in the 2013-2014 timeframe, you would have made an easy 100x (or more profit) with many coins you are showing in the picture.

Though, liquidity can indeed become a problem when you want to sell your bags.

[Articlepro]

We may to know the right time to take off the boat, there's some coin that is pure especulation, without a solid project and ood development, those kind of coin will not have a bright future.

[karel88l]

Even scrapcoins can be profitable,but on long term "hodling" you will on 99% lose on them that was my idea.

[CaVO32]

Even scrapcoins can be profitable,but on long term "hodling" you will lose on them that was my idea.

if you just know how to handle them, yes they are profitable in the short term scenario. trade them as fast as you can. those crap coins should be discarded fast, else, you will be left a bag holder. but the OP's photo - those coins are really not shitcoins. most shitcoins are at the bottom of that list though.

[Leah38]

We have improved altcoins that have more usage than altcoins before so I don't consider them shitcoins. Shitcoins are those ICOs who does selfdrops. No real team , some of them have no website. Just looking at who handles the campaigns which have bad records could clearly tell its all shit. Top ten coins are worth trading.

[jems]

absolutely right, holding shitcoin will be very risky and that is the same as we have to be 100% ready for what will happen. There are only two possibilities, toward the moon or even disappear.

[hisuka]

absolutely right, holding shitcoin will be very risky and that is the same as we have to be 100% ready for what will happen. There are only two possibilities, toward the moon or even disappear.

This is usually will happen we will not make us rich for those shitcoins. Only those promising project will survive and those shitcoin will eventually gone be dead in the market.

[chip1994]

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.

At the year 2018, if you holding altcoins and wait for the end of the year, I think you will earn a huge profit because of the market has to bull run recent days and not any sign to stop the uptrend. So that I think the holding of shitcoins will be profit in the long-term, not bad as you said.

[Pepito Manaloto]

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.

Thatsm's the tendency. In the first place, it won't be called as "sh*tcoin" for no reason. These are coins which are not having price increase or market development upon being released in the market. In this market situation, no matter how huge the potential of the project is,  most of the coins are resulting to nothing. Most of the cryptos are negatively influenced by the market behavior right now so maybe, it would be better to further wait for changes.

[ballerin and giroud]

I once read an article about shitcoin, he argued that the increase in the price of crypto currency or bitcoin occurred when shitcoin began to break down. I think this is a good thing because the market for crypto currency like we know is now full of shitcoin, even if they don't have a clear price and continue to decline. I guess bitcoin and litecoin will continue to increase when shitcoin transforms into garbage.

[pinoyden]

absolutely right, holding shitcoin will be very risky and that is the same as we have to be 100% ready for what will happen. There are only two possibilities, toward the moon or even disappear.

its not risky to hold a sh*tcoin as long as you dont invest money to obtain it . i myself have a lot of shitcoin and i only got them on airdrops and bounties but i will still continue to hodl them even thier prices right now are dumping and seem to be dying  .

Re: Holding shitcoins will not make u rich

yes holding them will not make you rich but atleast you can earn something whenever thier prices will sky rocket  .  if you are lucky enough , you can possibly get rich on them as long as you constantly join tons of bounties and airdrops  .

[thinkpad99]

absolutely right, holding shitcoin will be very risky and that is the same as we have to be 100% ready for what will happen. There are only two possibilities, toward the moon or even disappear.

its not risky to hold a sh*tcoin as long as you dont invest money to obtain it . i myself have a lot of shitcoin and i only got them on airdrops and bounties but i will still continue to hodl them even thier prices right now are dumping and seem to be dying  .

What you wrote indicates that you do not know what you have. In other words, it is a lottery for you and you have no idea what these projects can achieve.

Re: Holding shitcoins will not make u rich

yes holding them will not make you rich but atleast you can earn something whenever thier prices will sky rocket  .  if you are lucky enough , you can possibly get rich on them as long as you constantly join tons of bounties and airdrops  .

Keeping coins will never make you rich - it's how to win the lottery. First of all, you have to learn how to invest and, above all, learn how to invest in what you understand!
When you understand what you are getting into - you will be close to victory.

[diorthotis]

Yeah, most bags are bad. But it only takes one going 1000x to make up for all your other shitcoin losses. In my very professional opinion, diversification is key. I would say putting all your money in one coin is a VERY VERY bad idea. Having like 7 good positions is nearly a guaranteed winning strategy.

For example, Spartancoin found on cryptopia: 51 billion circulating, current market cap of less than $50,000.
Compare this to dogecoin: 120 billion circulating and a $350,000,000 market cap.

Now which of these has room to go 1000x?

[eagleman]

This is usually will happen we will not make us rich for those shitcoins. Only those promising project will survive and those shitcoin will eventually gone be dead in the market.

For earlier investors of those coins and bought when it was very cheap and got hundreds of thousands to millions of that coin.
As it has reached a better value and they start selling it will make them rich, just like the early holders of bitcoin.

[Keyboard PC]

you should be able to choose the best altcoin you can hold, if you look at the pictures you gave in 2013 the altcoin prices like litecoin can still survive until 2018 so it seems very lucky to be able to hold litecoin from 2013 to the year 2017 is the culmination of all cryptocurrency prices.

[DGulari]

I only familiar with top 3 coins from the screenshot, below than top 3 i don't even ever heard about them (ETH didn't introduced yet since it's created on 2014).
Total marketcap now is almost 100 times higher than that time, how you can't rich from that?

[jacafbiz]

Well said, most of these shitcoins will make you poor long run, if one look at the performances of some of these coins you would have lost like at least 80% of the value against BTC, some of these coins is just for a quick flip make your money and run. looking at the image posted about, there are even some coins that I don't know they exist

[robaya]

Actually you have a point there. But still, the essence of trading is depend on the market growth. First thing to give emphasize is the relevant of the project and why it is pumping or having a good price. Some are due to manipulations and some are real valuation. How to note the difference? Easy mate, check the trading activity, you can see if the volume is real and not fake ones. Then you know whether your holding a shitcoin or a real deal.

what you say is true. we can see the trading volume of the coin, if the coin has a good trading volume of course no coin can be profitable for you. but if all are fake, then you have lost your money and got a loss.

[sergeynio]

so what you mean by shitcoin?
do you mean bad team or bad project?

[btcyoda]

Whatever the coins you mentioned are not the Shitcoins because you could have made a very good profit if you sold those coin in the year 2017 because the prices of those coin went very high in the market. Now with the market fluctuation, we cannot able to sell those coins.