Not everyone can be lucky when it comes to shitcoins

[S3300]

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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[sempak]

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.

[KaliLinux]

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.

  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.

[oemar bakrie]

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..

[ampu]

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.

[huiji2011]

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.

[wajik-tempe]

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

[gabbie2010]

Im not lucky in this crypto market, I have seen 2 times of bull market but never make ROI up to 10x or more. I think people who did make 100x is very lucky. For me 10x ROI is already life changing, and this is really huge profit that difficult to raise in others instrument of asset, only in crypto bull run we can make it for short times, event just take less than 4 months.

There are any lucky fellow who earned  10x, 100x in 2017 when Bitcoin reached $20K a lot of shitcoins enjoyed massive pumped then, infact bounty hunters earned well too, I can say a lot of the so-called shitcoins thrived very well then likewise some that became worthless, however such huge profits is not attainable now a lot of investors will rather invest in Bitcoin which is more stable and reliable to those shitcoins that are scam and not trustworthy.

[Dread Pirate Roberts]

Most people only think about the best possible even though the worst is just as terrible. except for coin2 already has an old record like doge there are still exceptions. because I've always been a doge user and I think this coin is different from other cheap coins.

[btcltcdigger]

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

You're 100% correct. With these new meme shitcoins which pop up daily, only the first few early investors make a profit, because they dump their bags on people who enter later.
Even if there's a "presale", it's no guarantee, because the team WILL dump on you. GUARANTEED

[Shasha80]

~

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.

What you said is not wrong, sometimes there are some shitcoins for no apparent reason that suddenly pump. I haven't experienced it yet,
but a friend of mine has, and I was quite surprised by it. But such things are very rare, the percentage is very small. But there's nothing wrong
with trying. In the end it comes back to each of us, I respect your opinion who chooses to leave the shitcoins you have in your personal wallet.
And waiting for a miracle to happen, but I chose the opposite path, because I am not the type of person who is patient to leave the shitcoins
I have for a long time in my wallet.

[Maslate]

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

You're 100% correct. With these new meme shitcoins which pop up daily, only the first few early investors make a profit, because they dump their bags on people who enter later.
Even if there's a "presale", it's no guarantee, because the team WILL dump on you. GUARANTEED

It is a risky thing and I'm not supposed to invest with them seeing such instances. I know we can't be all in profitable but at least we know which one could possibly give us the assurance for ROI, not the assurance to lose.

But, it is not the way we just ignore those shitcoins. I think you know what I mean. Coz if we see how many shitcoins just pump this year for no reason, clearly it was an indication that these shitcoins could somewhat be valuable at no time.

I hope you don't mind checking your wallet, maybe you are also a lucky person this time.

[Reosta_]

Yeah, it is all about the luck actually. And we should follow the news about that coin closely to have a clearer opinion about whether the price could go to the moon or not. After that, only thing left is to hope for the price to go the way you would like.

[enawati]

Invest in sh*tcoin just like gambling, when we loss money will be no guarantee the money will recover, although we waiting for another bullish season, the price dont have any probability to going up back, because no fundamental and use case of coin and too many competitor in crypto market. This too high risk investment, and can be better to trade BTC with leverage 3x than invest on sh*tcoin.

[meser#]

Some have to lose so others can win. You can not get profit just by researching . That's why I always stay away from such coins.

[crzy]

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

Meme coin are too volatile and only good for short players but if you are going to invest that kind of amount, you have make sure you know when to exit because meme coin are just good at first but starting to collapse once they have enough investors. Some of the meme tokens are community based, and whales are playing on that. Nevertheless, many of my friends have their profit taken right after the down trend this is the result if you know how to take profit.

[Vishnu.Reang]

Those who invest in shitcoins believe that they are smarter when compared to the other users. They know that eventually these coins will become worthless. But there will be one or more pump-and-dump cycles before this and the investors believe that they will be able to dump their coins or tokens during this phase. But in many cases this doesn't happen. By the time they make their investment, the pump might have already occurred and in the end these users will be stuck with their worthless coins or tokens in their wallet. 

[johnwest]

First of all, that's why they are called "Shit coins". There is no purpose for them. They are just created to scam innocent and greedy people. Even when the returns show more than 1000x, a normal crypto investor will think 10 times before investing their time and money into them. Only some people get lucky by investing into them and more than 90% will lose everything.

[Smitty Werben Man Jensen]

it's true, buying meme coins or shitcoins this year is very profitable, but it's all based on luck I think,
and it's true that not everyone can benefit from shitcoin, so it's better to avoid it,
because shitcoin will make you poor and your money will be lose if you not a lucky person.

[xiboothrezi]

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

In fact, more people show off their profit or happiness than their loss or sadness. what we must know is that, if we only rely on luck then it is the same as gambling. many shitcoins appear when the market is at its best, it comes with the same scheme: pump and dump, without product support and clear benefits, the shitcoin will not last long. so if you want to take the risk by joining them, then you should play with hit and run.
I choose to avoid such coins, I prefer projects with real functions and products, or top coins on coinmarketcap, at least I have signs or rare anticipation. while shitcoins are very unpredictable, rising suddenly, and falling without warning.