Not everyone can be lucky when it comes to shitcoins

[Sithara007]

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

Only the promoters know when a pump will occur with the shitcoins, because they are the ones who manipulate trading for such coins. If you manage to invest in these coins before that, then obviously you will profit out of it. But what are the chances? How you will know that a shitcoin will go up and at which point you need to sell them? My advice would be to avoid such coins and concentrate on the established and promising projects. Because with shitcoins in 99.99% of the cases you will lose money and the promoters will benefit from it.

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[OrangeII]

Agree with the OP. I’ve said it many times, there is something called the ‘shitcoin roulette wheel’. Some people spin it & win but most don’t. My advice is invest in & hodl bitcoin & the leading alts. If something seems too good to be true then it normally is.

actually I also have the same suggestion. however, for some reason, there are still many people who are targeting shitcoins as their investment tool. however, there was always news about people who made big profits, but not much news about people who made big losses. they sometimes expect a coin that costs $0.0000000x to become $1 in the future. many people rely on Dogecoin or Shiba Inu, and hope other shitcoins also have the same potential.
again, it's better to invest in bitcoin or popular altcoins will be better, because they have a clear development, and slowly increase significantly.

[phidalpublishing]

you said right . everyone not in the winners list there are many loses in this competition.

[john_nautica]

Memecoin has a chance that will pump because of the hype or because of the trend and hype of the community but of course no one will be lucky to shitcoins try to look at the ANN section or bounty section you will see some useless projects who only seeks investors and then disappear or abandon the project afterwards while in memecoins they pump so much and when the hype is gone it will also dump too fast.

[bryant.coleman]

Memecoin has a chance that will pump because of the hype or because of the trend and hype of the community but of course no one will be lucky to shitcoins try to look at the ANN section or bounty section you will see some useless projects who only seeks investors and then disappear or abandon the project afterwards while in memecoins they pump so much and when the hype is gone it will also dump too fast.

As things stand now, anyone can make a post in the ANN section, and there is no restriction based on your rank or activity. A lot of scammers have made use of this. Also, for posting the ANN thread or bounty campaign thread for a new project, you don't need to escrow any amount. The reason being given is that if such a requirement is being made, then genuine projects which are short of cash will find it difficult to go online. I disagree with this argument. If the promoters can't even make a deposit of $100 on their own, how they are planning to successfully manage projects with soft-caps of $50 million or $100 million?

[DonFacundo]

Investing in meme coin is like a gambling, it is so risky to invest because there is no real project on it and yes, not everyone will be lucky on meme coins but lucky those who invested earlier in meme coins but those who late will suffer of losing money. I invested on meme coin with my extra money but no luck for me, the meme coin that I invested still not progressing so it seems the meme hype is over so stay away investing in meme coins guys.

[lumierre]

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

The truth is that different shit coins and meme coins are rather a lottery than serious long-term investment. Some people who were lucky to buy exactly that shit coin that increased later really earned a lot, but it doesn’t mean that all of us are so lucky to guess what coin will be successful, so it is safer to look for really valuable projects and invest in them, especially if they offer something interesting and innovative.

[conected]

Investing in meme coin is like a gambling, it is so risky to invest because there is no real project on it and yes, not everyone will be lucky on meme coins but lucky those who invested earlier in meme coins but those who late will suffer of losing money. I invested on meme coin with my extra money but no luck for me, the meme coin that I invested still not progressing so it seems the meme hype is over so stay away investing in meme coins guys.

- Once our minds are blackened by greed and fear of missing out, we do not accept we are a late investor and there is no way to confirm whether our timing is good or bad, the mentality is simple and no one wants to be on the side of the late option, they are naive that they are an early investor, lost money from old projects to meme coin, from the first time to so many different times. Do lucky people really exist or not, I hear from you and you hear from others after such a series of investigations, rumors are still rumors and people still believe

[Golftech]

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

The truth is that different shit coins and meme coins are rather a lottery than serious long-term investment. Some people who were lucky to buy exactly that shit coin that increased later really earned a lot, but it doesn’t mean that all of us are so lucky to guess what coin will be successful, so it is safer to look for really valuable projects and invest in them, especially if they offer something interesting and innovative.

Precisely! not everyone have that same luck when investing with shit coins, most of the time they are the one who lose

a lot since they are unable to jumped out before the crash happens. If you are still interested with working in this kind of

bussiness make that you are willing to let your money go if you also failed with your investment.

[bitcub]

I hate shitcoins, but to be honest, I spent a portion of my investments to it. Heres the list of my shitcoin bags and it will pump very soon like there is no other day.

Shiba Inu
Doge
Safemoon

Not a financial advice,but technically their price is about to pump in the next few weeks or a month. I'll give these coins a chance since we are in bull run.

[kapalmabur]

Everything is very simple, no one wants to talk about their failures in investing, most often these are beginners who lose their deposits in this way, and the creators of such tokens will always be in the black with proper advertising, the crypto world is full of naive people, this always happens and will continue for a long time.

When failure keeps repeating in the same place of course it's a really stupid thing,
especially for beginners who don't learn from those mistakes,
that's how the world of cryptocurrencies is and maybe there is some truth in what you say that it will repeat itself and will continue to happen

[livingfree]

I hate shitcoins, but to be honest, I spent a portion of my investments to it. Heres the list of my shitcoin bags and it will pump very soon like there is no other day.

Shiba Inu
Doge
Safemoon

Not a financial advice,but technically their price is about to pump in the next few weeks or a month. I'll give these coins a chance since we are in bull run.

You made me laugh to be honest, you hated it but you've invested. Maybe you're not really a hater of it but you see those people making gains from it.

Before, I liked dogecoin but missed it during its moon and probably won't be investing on it whether it's about to get pumped or dumped. I just realized it and nothing will change it as a memecoin despite the foundation is back.

[uneng]

I hate shitcoins, but to be honest, I spent a portion of my investments to it. Heres the list of my shitcoin bags and it will pump very soon like there is no other day.

Shiba Inu
Doge
Safemoon

Not a financial advice,but technically their price is about to pump in the next few weeks or a month. I'll give these coins a chance since we are in bull run.

To invest in such coins is actually the same as gambling with your money. There isn't any logical reason to explain why these coins can pump besides speculation that may happen or may not happen. It all depends on whales' mood and personal temporary wishes. It's a dangerous investment because shitcoins don't have the same solid background of Bitcoin, Ethereum or Binance Coin.
On the other hand, just like in gambling, some people think it's funny to invest in coins like the ones you mentioned and there is nothing wrong about it since they invest only what they can afford to lose.

[Jackl87]

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

That is definitely true and you always need to keep in mind that if one guy makes 100.000 $ out of almost nothing then this also means that those 100.000 dollars that he gets from selling his coins need to come from someone else that is buying the coins from the lucky one. So if the lucky guy almost hits the ATH to sell his coins than all of the guys that buy his coins at that moment make a loss. So if one guy makes a huge profit it always basically means that at least one other person loses money. Those guys that buy from the lucky one can of course wait again until a new ATH is reached to sell their coins again but then again the coins just move to another person. The earlier you are the more profit you can make.

[Argoo]

No one is 100% lucky in the world of crypto, the volatility of cryptocurrency makes it unpredictable, there are some shitcoins that are good for investing and I am really proof of it because I already earned huge money from those shitcoins, I can say that I am lucky with that one, but still we are still in the crypto world, nothing has assurance.

I also believe that you can earn money on shitcoins only in the first and not very long time. They only grow in value due to the hype and excitement. Those who invested relatively early and got into this short period of growth wins and makes a very large profit if they sell them on time. All others suffer great losses. Sometimes they promote practically copies of the same projects, but the second time it almost does not work.
I prefer fundamental coins such as bitcoin and ethereum .. I work with tokens until a certain period of large profit, after which I convert to these coins. Dogecoin and other varieties of dogs, cats and other animals that have no real product, I'm not even interested.

[aemma]

This is very true, a lot of people are lucky with shitcoins and a lot are not as well, and the hard part of it is that, a lot will tend to follow the approach of the one who is lucky with shitcoins and some might even end up investing huge thinking same scenario with the other person will play out, but that is not always the case.
Also, there are people who have made good gains from good coins, and that is those who bought and held for a log time and they were duly rewarded.
Another striking thing about those who tend to follow the path of the guy who is lucky with shitcoins is, some of them ends up holding shitcoins in their wallet, thinking it will play out like Dogecoin without knowing that the team have already moved on their funds.
Therefore in as much as we are following others success stories, let us endeavour to know when to draw the line, there are many opportunities here, all it takes is time and consistent efforts.

[bct-user]

Shitcoins is more highrisk than ordinary cryptocurrency.

You are right. Shitcoins have bigger risks because most of the shitcoins are created with unclear concepts and even with no team members' descriptions. The increase in the prices just relies on the pump-dump scheme. So, it is not surprising if the price can increase significantly in a short time, then the price will fall severely and no increase anymore. Even worse, those shitcoins can be delisted on the exchanges if no people are interested to buy them again.

[Kasabus]

Shitcoins is more highrisk than ordinary cryptocurrency.

You are right. Shitcoins have bigger risks because most of the shitcoins are created with unclear concepts and even with no team members' descriptions. The increase in the prices just relies on the pump-dump scheme. So, it is not surprising if the price can increase significantly in a short time, then the price will fall severely and no increase anymore. Even worse, those shitcoins can be delisted on the exchanges if no people are interested to buy them again.

Shitcoins will always be trash coins as they only hype and then suddenly fall. And the worst is that they will never recover again in most of the time. It's only a pump and dump scheme so anyone who tries investing in it should always think its pros and cons. Although some got lucky enough making huge profits from them, but in the end they are still bound to fall and drop prices again.

So it's definitely like gambling if you plan to invest in shitcoins or meme coins. They might only give you short term profits but in the long run, their value will only drop to its bottom so there's no way these meme coins make ideal for investment.

[Questat]

That is really it was and it was wrong to rely on them as it was a huge possibility that they can give us nothing. Airdrops and bounties these days are no longer profitable unlike before and most of them are fake. Maybe some got lucky to have shitcoins that have a market value but to ask about if it could able to sustain the market demand that really becomes uncertain and the possibility it turns dead as well after a few days in the market.

[kak uli]

I think what you are talking about is very true, but it is important to remember that someone's success in investing in memecoin is because he has a community that has large capital so that they can play the market or manipulate the market with their community. I think they do it that way so that it can bring big profits, but many of us are affected by such conditions and become victims of their manipulation.