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Author Topic: Holding shitcoins will not make u rich  (Read 1661 times)
jack1111
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January 05, 2019, 08:05:51 PM
 #161

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.

You are partialy right, although most old coins were just copies of Bitcoin. We already have watched the death of many altcoins during this bear market, but other coins that represent projects with real supportive business managed to survive and will spike again.
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January 05, 2019, 08:17:41 PM
 #162

Shitcoins are not for long term buy and hold. They are for quick gains and are the pigs that fly when the bull market gets very speculative and frothy.
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January 05, 2019, 08:38:33 PM
 #163

If everyone would have that kind of mindset, then there should have been unsuccessful holders these days. Most of the millionaires today got their best profit from their holdings that they have thought as shitcoins. We should just have trust for what we hold.
Exactly, no coins can make you rich if you don’t believe on that at all. If you just receive that from a bounty campaign then you have nothing to lose, just wait if that coin is worth holding or not. But if you are investing, invest only with great coins to make sure that you can get profit in the long term trend and you have nothing to worry about.

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January 05, 2019, 09:17:12 PM
 #164

Shitcoins are not for long term buy and hold. They are for quick gains and are the pigs that fly when the bull market gets very speculative and frothy.
They have no room to exist in this market for long term because technically, that shitcoins only here to make a profit and run after doing that. Stop investing with shitcoins, don’t waste your time, money and effort looking for that coins, invest only with the top coins especially with bitcoin that can give you more profit.

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January 05, 2019, 09:23:53 PM
 #165

Holding anything will not make you rich.
We're past our bubbly-bubble stage, now it is time for daytraders to shine.
And their time will also be over once automated high frequency trading takes over, but for now there's $ to be made on the market this way.
Holding works if you bought BTC at $1 or ETH during the ICO.

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January 05, 2019, 09:46:24 PM
 #166

I think it depends on the development and the demand of shitcoins itself.
If there is no development and demand at all, it is certain that you will never be rich just by holding shitcoins.
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January 07, 2019, 09:23:26 AM
 #167

Shitcoins aren't worth holding for more than a month. Usually after 1st pump shitcoin is abandoned and there aren't chances to future growth!
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January 07, 2019, 09:34:26 AM
 #168

This is the kind of thread that speaks volume about the current mindset of crypto users/hodlers, and certainly the reason why crypto is not finding its way into mainstream.

Crypto should not be seen primarily as a mean to make quick profit. This is not (or should not be) the purpose of cryptocurrency. Investing in crypto should primarily be about reshaping the financial system in a way that is decentralized, centered on and beneficial to the people. It is about, Trustlessness, decentralization, transparency, immutability.

Then profits will surely come, and along a better world. Crypto is (should be) therefore a long term investment, not a speculative get rich quick scheme.
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January 07, 2019, 09:39:18 AM
 #169

Of course, shitcoin will not make you rich. Sooner rather later they will die. But then if you have shitcoins because you only made the realization later, dump them as soon as possible, while there are still exchange platforms accommodating them, while there is still volume. Do not wait for pumps or illusory mooning. That will never come. Death is waiting for such coins.

The problem however is that they now come in sophisticated projects, almost as legit as the others. Be extra careful therefore in choosing which coin or project you will invest.





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January 07, 2019, 01:25:09 PM
 #170

the number of shitcoin you have only will make your wallet is full of coins trash these. they will not be valuable at all if you should hold in a long time.
victoria444
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January 08, 2019, 08:57:58 AM
 #171

By shitcoins, you should note that there are long term projects backing some of those coins, and due research is needed not generalized speculation.
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January 08, 2019, 01:02:13 PM
 #172

Holders nowadays had learnt lessons from the bearish market of last year. I think we can hold those coins until such the prices rise above the ICO price but not to wait for more than 2 years. Holding longer will waste your time when a bear market strikes back and the prices will take time to recover or can't even recover. If no potential to grow then let it go and don't waste time. Getting rich in crypto is not easy if you had no experience and capital.
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January 08, 2019, 01:16:33 PM
 #173

It is no brainer as quality coin will attract  funding faster than low quality coin. The journey to riches is not an hundred meter dash, you have to be prepate and try again and again until you see the resuot that you want!

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March 25, 2019, 09:00:41 PM
 #174

Yeah, absolutely true.
But holding a coin like Fairc of the faireum.io platform can certainly enrich you.

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March 25, 2019, 09:43:04 PM
 #175

for sure investors need to be educated and hold what can bring value in the long term a lot of the pumping project right now are worthless in the long term good luck for everyone Smiley
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March 25, 2019, 10:04:24 PM
 #176

Many coins are not destined to grow again, you are right. It is best to keep track of those who have not yet reached their finest hour. And only a few old coins will be able to succeed again.

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March 25, 2019, 10:30:21 PM
 #177

Many coins are not destined to grow again, you are right. It is best to keep track of those who have not yet reached their finest hour. And only a few old coins will be able to succeed again.
not all like that, their new coins also have the opportunity, now an awful lot of coins that do not have a value, but if we don't know what will happen in the future, may indeed have team planning for the long term.

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March 25, 2019, 10:42:15 PM
 #178

If their will appear a new coin which has a new technology, what other coins not have i think that coin can be a good point for investing at start and that coin can make us rich.
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March 25, 2019, 10:47:28 PM
 #179

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 history of the market will always be like that plus the uncertain time.
Yes, they look like rising solely to mislead users who don't understand and they mean so that shitcoins are considered superior to other coins including the main crypto like bitcoin, but actually they are attackers for bitcoin.

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March 26, 2019, 06:42:10 AM
 #180

From shitcoin we will make a concern and only to fill in an empty wallet, shitcoin does not last long and the time is there to throw it away.
And with shitcoin, then as a springboard to be able to collect more potential coins.

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