Not everyone can be lucky when it comes to shitcoins

[Looper_U]

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

[1714833986]

1714833986

[Jawhead999]

but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ 

No one? I think you should read all the post of speculation/discussion about meme coins, you'll see many people is talking to stay away and be careful from shitcoins.

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

I bit disagree, trading isn't same as gambling since there's no "house edge" it's 50:50 between the seller and buyer. But if this meme coin purpose is for exit scam, of course you'll see many losses compared the winner since the developer is win very big amount money.

[Henrobakkara]

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

There are many losers than winners or gainers from shitcoins the one first one who can and already made money are shitcoin developers they own the majority of the coin, and they are the one who manipulates the trading and swapping of their token so if you hear investors made money, they only made a small fraction of the profit, the developers have the biggest slice.

Right. So even though investing in cryptocurrencies generally is a risk I don't understand why some Investors Will even further up the risk a 100% more by investing in shit coins only to end up losing more than they hope to. We understand that people wouldn't ordinarily invest in this coins but will fomo in onces there's some sort of pump which is usually a trap anyways and end up HODLing all the dirt 

[Bohdan820]

You noticed right! I completely agree with you in this regard.
I try to dissuade anyone I can from buying such coins or persuade them to risk little money. Meme coin is like a lottery, there is not even a chance like in a casino.

[ILuckyGuyI]

It's so true, man. If you are going to invest some into shitcoins, you really need a big luck also. Because this kind of coins are even more volatile than top coins in the market. We should always be ready to lose much money in a short time period.

[Gunday_07]

Shitcoins are the real definition of gambling in crypto space, like I always tell my home boys if you invest in good coins you only lose when you sell them at loss price that's why we have hodl but it's a different case with shitcoins

[crwth]

No one wants to share their experiences like that. It's either they are going to be seen as a joke or going to be told by "I told you so" by many people because it's "known" to be a meme coin and it's tricky to invest in it.

It's like betting in a lottery. You wouldn't know the stories of the believers in the game that they could win a life-changing amount of money, that didn't win. Only ones who won.

[Trinx01]

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.

[iamsheikhadil]

Well, everyone wants to become the lucky guy lmfao, but here's the thing, eventually, if a thing you have invested is actually good, useful and productive, technically its value is going to increase with time and hence, even if you don't get a great return, you will still be at smaller profits or smaller losses nonetheless, but when it comes to coins of such lower value and if someone is buying it at a very cheap price but investing lots of money, they should be ready to get a big zero anytime, since the coins aren't reputed and that's why they are cheap. Applying some common sense and following simple and easy rules during investment can save lots of money and prevent unwanted tears!

[semobo]

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

When someone expects huge returns from their investment the chances of getting it is very slim that is same for every investment plans. When it comes to crypto meme coins which is high manipulated by few individuals so they have high chances of making more than an average investor.

[Mighty_crypt]

All this meme coin hype makes me remember what Warren buffet said that 'be greedy when others are fearful and be fearful when others are greedy' honestly all this meme coin shill is fearful because everyone wants to make it through meme coins, they want those huge pump so badly that they blind themselves from the fact that they are just meme coins

[tvplus006]

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 $...

You can see many such examples under Elon Musk tweets, in which his followers accuse him of losing all their money by following his recommendations. This is a great tragedy for ordinary people, who usually do not understand how the cryptocurrency market works and make their decisions based on Musk's tweets.

[poodle63]

memecoins are just fancy gambling and there's always losers in every winner, these people who get big profit are probably making early entry
that's why many people here don't really recommend invest to a shitcoin because it could spell our doom. These coin can go down 90% in a blink of eye.
That also includes doge since it's just purely pump and dump coin that lacks in almost every aspect compared to other newer coins.

[SacriFries11]

Shitcoins are the real definition of gambling in crypto space, like I always tell my home boys if you invest in good coins you only lose when you sell them at loss price that's why we have hodl but it's a different case with shitcoins

Not all have the same faith of people that have become rich thru sh*tcoins. It’s like a gamble, high risk high return but if lot all the time. You need fast hands in order for you to sell immediately or buy when the token launch in exchange. I tried to invest here but I got lose, I immediately exit and just put again my money in tokens that have benefit in the long-term. Congrats for those people that have huge profit from participating in sh*tcoins.

[VanDeinsberg12]

isn't that common sense, SHITCOIN is zero sum game and more or less like ponzi, no fundamental, nothing but based on elon's tweet like wtf?

and to add 10 shitcoins generated each  trying to impersonate each other hoping some one throwing money while developer is waiting to rugpull, anyone with right mind wouldn't even have any slightest of idea investing to such thing except they intentionally wants to gamble

[target]

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

Maybe because it's embarrassing to post the loss he made from investing that much to a shitcoin. Investing $10,000 to a shitcoin will only be profitable if he bought it with the price of less than 1 satoshi. I guess that's the lowest possible price that he could bargain. You know having millions of the shitcoin with a value of $0.01 still equates to a lot of USD.

[sapnu]

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

Well the truth is that investing on shitcoins is much more risky compared to investing on successful coins. The price drop might be higher for the top coins but the price drop can go down to zero or stable down into a low value for shitcoins. That's why it is important that before you get involved on a certain shitcoin that you've seen to have a potential of being successful, you carefully analyze it first and watch the price movement. The benefits can also be much higher if ever a shitcoin suddenly goes up high but still, the greater the risk the greater the rewards.

[traderethereum]

What you say is right because we never know which coin can increase significantly in the future.
The dogecoin case is one example that makes us shock because the price can increase so high.
I think this year will give us another sock news about the coin that can increase later.
If someone can make a huge profit from the coin and does not analyze with better, I will consider that he is very lucky to make a huge profit.
But we can not follow his step because our coins will be different.

[Beparanf]

I bit disagree, trading isn't same as gambling since there's no "house edge" it's 50:50 between the seller and buyer. But if this meme coin purpose is for exit scam, of course you'll see many losses compared the winner since the developer is win very big amount money.

There's actually a version of house edge on trading which is the trading fee on every trade you made. It's not noticeable since the exchange display the amount you will get excluded the trading fee.

Somehow trading looks like a PVP gambling on casino since someone win because the other user on their side is losing.

[kryptqnick]

Op is right that people tend to share their positive experiences, and others pay more attention to these stories as well than to those where people bought some coins and lost tons of money. That's why it's important to analyze the market on one's own and only invest what one can afford to lose. I've made some unfortunate investments in 2017, like buying Ripple at $3 per coin. Fortunately, I didn't buy much, so it wasn't a big deal for me when the prices went down. But I've also bought some Litecoin at $20 and sold at $300 which was a great deal. Investing in coins with high market capitalization means risking less than investing in total shitcoins, but there's always a chance of losing 50-70% of the investment. So now I try to only hodl the coins in which I truly see some potential.