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Author Topic: Not everyone can be lucky when it comes to shitcoins  (Read 667 times)
Shasha80
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June 10, 2021, 10:57:29 PM
 #81

Absolutely, I've got some shitcoins in my wallet for several years that have been stuck and you know what? Some of them are totally shit while the others are shooting up like x10, x100. Maybe I was lucky enough to have those but I've waiting for how many years and in fact, I'd never mind checking on them until someone told me to check your ETH wallet as many shitcoins become bullish early this year. Totally surprising that it comes like that, yeah, I sell them while it still has value rather than to miss it.

So many people have the same experience as you, myself included also have some shitcoins in my wallet for years not being able to sell.
Therefore, if we have shitcoins if there is an opportunity to sell them, my advice is to sell them immediately, because if the volume decreases.
It's very difficult to sell them, because most shitcoins demand is very low. It is not recommended to hold shitcoins in the long term, the risk is
very high. If there are investors who manage to get profit from shitcoins, I think those investors are very lucky. Because these investors managed
to sell shitcoins at the right time.

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June 10, 2021, 11:08:22 PM
 #82

Absolutely, I've got some shitcoins in my wallet for several years that have been stuck and you know what? Some of them are totally shit while the others are shooting up like x10, x100. Maybe I was lucky enough to have those but I've waiting for how many years and in fact, I'd never mind checking on them until someone told me to check your ETH wallet as many shitcoins become bullish early this year. Totally surprising that it comes like that, yeah, I sell them while it still has value rather than to miss it.

So many people have the same experience as you, myself included also have some shitcoins in my wallet for years not being able to sell.
Therefore, if we have shitcoins if there is an opportunity to sell them, my advice is to sell them immediately, because if the volume decreases.
It's very difficult to sell them, because most shitcoins demand is very low. It is not recommended to hold shitcoins in the long term, the risk is
very high. If there are investors who manage to get profit from shitcoins, I think those investors are very lucky. Because these investors managed
to sell shitcoins at the right time.
We can't underestimate them, we really don't know for sure what will happen. If that we think they are shitcoins, leaving it there to our wallet is not a problem because we meant not to become a lucky person all the time But who knows someday it turns like a skyrocket.
Imagine from $0 it becomes $600, it can really be surprising and you might tell yourself how lucky I am.
But if you just throw it before, you will certainly be missing up.




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June 10, 2021, 11:13:50 PM
 #83

Investing in shitcoins is similar to gambling, the only difference is that you stand a 90% chance of losing your money in that shitcoin, because most of the time you just buy and then boom the whole project team will zoom off and you will be stuck there with the shitcoins in your wallet, it's funny the only stories you will hear about is how someone made a million dollar from one shitcoin or the other, those guys who lost you won't hear from them, it's better to buy a coin with real use case and hold for long term than to invest in a shitcoin and hope for quick profit.

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June 10, 2021, 11:23:31 PM
 #84

It is true story. If you are lucky enough, you would make insane profit from these meme coins. Honestly, I don't want to try my luck in these.  Grin  I'm very happy with my other investments already.

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June 10, 2021, 11:42:19 PM
 #85

maybe for now they can't get much profit because there are too many shitcoins that have been created so they don't make investors interested anymore and of course the developers who make new shitcoins don't have a clear project goal so they are developers just want to make money by using fomo shitcoins.


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June 10, 2021, 11:46:19 PM
 #86

Definitely, that is why I don't really trust shitcoins. I hate the thing that is heavily reliant on luck or fortune because the possible outcone will always unclear and not sure. It is not worth the risk if that is the scenario. Always risk on something that you can calculate and measure so that you always have reference and basis on whatever the decision and action that you will do.

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June 11, 2021, 01:37:07 AM
 #87

Greed for many new entrants to this market and the illusion that attractive profits can be made quickly. For me for what I consider it shitcoin I always have a clear strategy, always comfortable with any investment even the top stuff so the difference is only better in terms of security more complete. And I believe that luck will come if we know how to create it.

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June 11, 2021, 02:23:10 AM
 #88

Investing in meme coins is like playing the lottery, they invest with a very small amount. The important thing in meme coins investing is that they have to join fast to get the best price.
For today's meme coins, the hidden money risk is huge as they already have a very large capitalization compared to other projects. Some of the memes have a market capitalization of more than $1 billion. I don't have the courage to spend my money to buy those meme coins.

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June 11, 2021, 03:12:26 AM
 #89

This is the sad truth. Most of the people would rather chase impossible fantasies than being realistic. They would rather follow famous individuals rather than invest on well established coins which are far more better than the useless sh*t coins that are being hyped non-stop. Then in the end, they blame the whole industry because of their poor decisions. These type of people should realize how dumb it is to invest on some useless sh*tcoins that have no chance in flourishing unlike those well established coins.
Everyone wants quick money making millions within months. the only way to do that is to pursue some unrealistic dream without being rational which most of the time make people that are "broke" go even more "broke".
as long as there's people who think they are the chosen one in the shitcoin world and think they gonna make millions of dollar out of a hundred dollar, these shitcoins will always get new buyers everyday.
sad truth but there's nothing we can do about, people being irrational always happen when it comes to money.

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Ozero
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June 11, 2021, 04:45:04 AM
 #90

maybe for now they can't get much profit because there are too many shitcoins that have been created so they don't make investors interested anymore and of course the developers who make new shitcoins don't have a clear project goal so they are developers just want to make money by using fomo shitcoins.
Yes, you can make good money on shitcoins during a period of short-term growth in their popularity. The main thing here is to have time to sell them on time at a bargain price, because in the end they lose their value very quickly and everyone who did not manage to sell them on time will incur losses. Therefore, investing in shitcoin is very risky. They are for thrill-seekers. I am wary of doing them.

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June 11, 2021, 06:05:30 AM
 #91

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 $ ,
No one shares his failure story and the society doesn't want to hear the negative part of any story all the want is the positive story so the can share in the dividend. One has to be careful before investing in shit coin to avoid falling a victim of low ROI

Quote
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
This is where risk management and DYOR pays more. Risking what you can afford to loose as well as doing your own research so you can manage your losses and not go completely bankrupt.

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June 11, 2021, 06:12:51 AM
 #92

maybe for now they can't get much profit because there are too many shitcoins that have been created so they don't make investors interested anymore and of course the developers who make new shitcoins don't have a clear project goal so they are developers just want to make money by using fomo shitcoins.
Yes, you can make good money on shitcoins during a period of short-term growth in their popularity. The main thing here is to have time to sell them on time at a bargain price, because in the end they lose their value very quickly and everyone who did not manage to sell them on time will incur losses. Therefore, investing in shitcoin is very risky. They are for thrill-seekers. I am wary of doing them.
it's because their community doesn't keep the market strong. the community grows fast but for profit in a short time. it would be very easy for such a weak market to collapse.
although skilled, I believe the risk involved in shitcoin is very high.

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June 11, 2021, 06:31:47 AM
 #93

There are many successful news from investors that invested in meme coins like doge coin and shiba inu which cause FOMO for so many newbies and they start buying even when the market started going do weeks back, the most painful part is once we are in full bear market these meme coins may not survive
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June 11, 2021, 07:13:06 AM
 #94

There are so many investors who became successful for investing in meme coins, those shitcoins that you are talking about makes a lot of people earned huge money, actually those meme coins are also good for investing but only for the short term because it will really go to the moon once it got hyped but it will not last for a long term, I am also investing in some shitcoins and I can say that they are really good, some of them are good for investing in a long term especially those with good projects.

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June 11, 2021, 08:18:16 AM
 #95

That is true not everyone have the luck to choose and gain profit from a lot of shitcoins that's coming out from market. Though some shitcoins were getting pumped by community and some people really do make good profit out of it all I can say is that shit coins were really volatile and is not good for long term holding.

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June 11, 2021, 08:52:30 AM
 #96

maybe for now they can't get much profit because there are too many shitcoins that have been created so they don't make investors interested anymore and of course the developers who make new shitcoins don't have a clear project goal so they are developers just want to make money by using fomo shitcoins.

 Grin Grin Grin Of cause, that's why they are called shitcoins. They never have any clear purpose to development or what they represent just in a bid to make money out of the investors that will want to invest and hoping that they make money from it someday if the projects get luckily hyped and pumped which some have actually made some profits from and many have got recked from.

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oemar bakrie
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June 11, 2021, 08:52:49 AM
 #97

very true because only luck will get big profits for people who invest in coin memes..
.but actually that's not all,, all coins also have risks, but judging from yesterday's situation it was very visible because many meme coins lost after following the news on social media..

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June 11, 2021, 08:53:47 AM
 #98

Investing in shitcoin does not need much, just a few tens of dollars can bring us wealth. If you see any potential shitcoins invest a bit. It's like hitting the lottery, hitting a small amount and hoping for a big profit. The risk is that the invested funds disappear because they are worthless. Since the amounts are small, we shouldn't worry too much about them.

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June 11, 2021, 09:07:23 AM
 #99

It's not that no one is talking about losing money, but people prefer to hear the news of sudden wealth, and then magnify the news of the sudden wealth, the news of investors who have lost their money are gradually forgotten. Hearing about the story of getting rich overnight always makes us excited, always thinks let it be me.

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June 11, 2021, 09:09:26 AM
 #100

Yeah that's the real truth, but if we do nothing with the sh*tcoin we also get hurt we missed the change if the coin go pumped hard. Buying coin coin with speculation is also important for me, but i never spend more than 10% of my portofolio to do that. So i just splitting my 10% to random cheap coin with potential, and forget about the profit

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