Holding shitcoins will not make u rich

[Sephire]

Shitcoins are not for holding for the long term but for quick trade in and out only.  Moreover, just avoid completely shitcoins listed on only one or two low volume exchanges.

[moonblocks]

Generally speaking you're correct in that there are better opportunities at this stage in top alternative assets considering the direction of capital influx in the near future however, this does very little to dissuade true HODL'ers as they'll likely bag hold forever if so inclined and you never know when an old project may be revived and become worth something again

[kagtaviy_mo]

Hey. I agree that it can be, but it gives us the opportunity to find out which coins generate income.

[South Park]

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

But those coins are good coins, we know that no coin can compete with bitcoin but that doesn't mean that all altcoins are useless, I agree with the OP, if you are investing in coins that do not bring any improvement to the market and you are expecting that those coins recover when the next bull market appears then you are going to lose all your money because those coins will disappear before the new bull market arrives.

[waaat?]

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

But those coins are good coins, we know that no coin can compete with bitcoin but that doesn't mean that all altcoins are useless, I agree with the OP, if you are investing in coins that do not bring any improvement to the market and you are expecting that those coins recover when the next bull market appears then you are going to lose all your money because those coins will disappear before the new bull market arrives.

Yes, today competitor for BTC don't exist. But what will happen after 1-2 years? Nobody knows. BTC is the first and basic but his technology has some borders. I don't like many tokens and coins. I think we don't need more than half. But BTC should be changed. And team do it

[liuqi]

Hey. I agree that it can be, but it gives us the opportunity to find out which coins generate income.

If you know it is shitcoin then why you choose this coin. So I don't accept this statement because everyone trying to choose the best coins so one day will going because of economic development in each crypto. I think shitcoins are listed in worst exchange so we can find easily and one day crypto will make huge profit.

[VieleSind]

It'll come true . Nobody can become rich by holding shitcoins because after these big dumps, I think only good cryptocurrencies with high rank on Coinmarketcap will be able to rise back when bull run happen in the future . There are so many guys keep holding shitcoins and hope that bull run will come asap ))

[kotajikikox]

It's possible why nit all have an possible chance to increase their value at coinmarketcap price eitenr shitcoins or not, investing in cryptocurrency depending on the people strategy how to get earnings choosing altcoins to give them better lives in the future.

[hirokazu]

Of course, I've never hold it, in fact, I sell it once its still have value in the market. Mostly shit coins were listed in low volume exchange which there is no investors will have interest to look and buy coins in there.

It is strongly recommended to avoid holding that shitcoin. Shitcoins will eventually lead to a scam, where the developer sells all coins from the supply. I'm understand and not surprised to see once the price goes up, many people will be in a hurry to sell it.

[Kasabus]

Of course, I've never hold it, in fact, I sell it once its still have value in the market. Mostly shit coins were listed in low volume exchange which there is no investors will have interest to look and buy coins in there.

It is strongly recommended to avoid holding that shitcoin. Shitcoins will eventually lead to a scam, where the developer sells all coins from the supply. I'm understand and not surprised to see once the price goes up, many people will be in a hurry to sell it.

A lot of coins become undervalued for now and many of them were totally delisted by many exchanges, this means that certain never shows market investment and nobody is buying on it. Holding such coins is no used at all, we better to sell them all and empty our wallet while its still have a small amount we might get.

[TravelMug]

That's why they are called shitcoins in the first place, lol.

Anyways, I have dumped my shitcoins way back when I got tired of the bearish market and I'm glad I did because all of them are flat liners and If I continue to hold them today, I will just be disappointed and not making money so I sell them and just go gambling, lol.

[starblocks]

These types of assets aren't really for inexperienced users but are more for enthusiasts who like niche markets or more experimental technologies and you won't necessarily be able rely on them for steady returns as the market matures because the very top assets will capture most of the incoming capital initially

[iMark]

Of course, I've never hold it, in fact, I sell it once its still have value in the market. Mostly shit coins were listed in low volume exchange which there is no investors will have interest to look and buy coins in there.

Yeah like in cryptopia, yobit, and other exchanges. there are a lot of shitcoin there, and you shouldn't hold that coin for a long time,
because that will hurt you. yeah sell when there's a chance dude, sell when it's still valuable

[Enzo05]

you got some point but the the thing is there are lots of crypto created that is stable and has a good future like VET , EOS and XRP . They are strong coins that has a future to hodl and profitable in the future .

[otunyot]

The low quality coin is unavoidably present in Cryptocurrency market.  Cryptocurrency is an open system and protocol for any type of idea and it should not be surprising that some project are not up to the standard.  It is important we know what good project and bad ones are before we start to invest.

[pisston]

The low quality coin is unavoidably present in Cryptocurrency market.  Cryptocurrency is an open system and protocol for any type of idea and it should not be surprising that some project are not up to the standard.  It is important we know what good project and bad ones are before we start to invest.

I fully agree with your opinion that there is a lot of project on the market that will not have a future perspective. Such a correction of the cryptocurrency market can lead to the purification of the cryptocurrency world from such projects.

[CryptoAssasin]

I am pretty sure about what happened last year and this year regarding with those shitcoins getting delisted and being dumped the price for over -95% will serve as a lesson for holders and investors. Shit coins nowadays are only for temporary investment and being used most of the time by P&D groups to manipulate its price to earn fast profits. I also dont advised my friends to invest with those unknown altcoins because it may lead them to a huge lost.

[natumanya]

Absolutely agree with you. Shit coins had to die untill next month will be, when they going to market. You could make good profit from top altcoins.

[atayating]

When the price of crypto we hold falls by more than 60%, we need to increase by more than 200% in order to have the opportunity to recover the loss. So I think I should not always choose HOLD.

[xuan87]

I agree, shit coin is almost the same with dead coin, maybe you can make some profit if you are lucky some group pump the coin, but most of the time the price will go down until no value, you can even sell it, it's better we focus our investment in the string coin, it could help the bull to trigger and we can get a strong coin that possibly being adopted