You will burn

[Bright Venus]

Me after buying 2k in shitcoins and selling for 100$   

[Omahabit]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

I have  learnt my lesson for the recent bearish, before the bearish, i bought shit coin with 93$  but, today is 90$ because the price reduce drastically, i doubt if the price will go back to the price i bought it because the more i look the more it go down. think to sell it to avoid more loss.

It seems i will just focus on bitcoin the king of crypto, to have further panic about shitcoin, since am a newbie.

[Bright Venus]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

I have  learnt my lesson for the recent bearish, before the bearish, i bought shit coin with 93$  but, today is 90$ because the price reduce drastically, i doubt if the price will go back to the price i bought it because the more i look the more it go down. think to sell it to avoid more loss.

It seems i will just focus on bitcoin the king of crypto, to have further panic about shitcoin, since am a newbie.

i think you should just accept the 3 dol loss, it can go to a huge loss very fast

[Mate2237]

Shitcoins never give high value except Bitcoin. I agreed with all what you have said except one sentence which I have commented. Many people are investing in shitcoins because they thought it have value in the future though there are sometimes it would grow small and stop there then the next thing it comes down again and became a stable coin in that position. I have not invested in any shit coin and all my investments and tradings are on Bitcoin. And Bitcoin trading is one of the most sensitive one in the trading industry.

I know the meaning of DCA but I have not really gotten the real uses of the DCA and probably I am not using it. And those who started it earlier would be a millionaires at the present rate of Bitcoin. Yes this is the good to accumulate more to the portfolio.

[Aanuoluwatofunmi]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

The idea lies in the understanding that bitcoin should be the highest of your cryptocurrency investment portfolio, so many people don't know about this, there are many cryptocurrencies that we must not make a closer move on because they are not what we know very well to that extent, we should not be Invest what we cannot manage to loose on any altcoins, bitcoin should be our first target of investment, if we can't risk it, then we shouldn't Invest it, this is a warmly advise on altcoins Investors.

[oktana]

You think they don’t know? Well, except a few but most of the people who buy these altcoins know very well that Bitcoin is a safer investment but that’s the thing… they aren’t looking for safe investment but investment that will bring them faster result. People see Bitcoin as the tortoise and altcoins as the hare, but we all know how the story of the tortoise and the hare ended. Take a look at  the price today, even the cryptocurrency that was competing with Bitcoin in price is down to the ashes. Of course some altcoins can give good gains but you can’t compare their lifespan to that of Bitcoin because Bitcoin has watch the creation and death of many altcoins, and will continue.

[nimogsm]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

I have  learnt my lesson for the recent bearish, before the bearish, i bought shit coin with 93$  but, today is 90$ because the price reduce drastically, i doubt if the price will go back to the price i bought it because the more i look the more it go down. think to sell it to avoid more loss.

It seems i will just focus on bitcoin the king of crypto, to have further panic about shitcoin, since am a newbie.

shitcoins and memcoins can bring quick profits in a short distance, most often the price reacts to a major announcement about an exchange or a major partnership, after which there will be a decline in 99% of cases.Since the first large holders will sell their tokens, overloading them with other traders and so on in a circle. Only developers will have a profit in such projects; investors in shit coins have a 50/50 chance of making a profit.

[ChiBitCTy]

Yeah working in finance you should see the type of stuff I hear and get asked, people tend to be clueless with any finance stuff.. not understanding basic principles.  I often get clients asking about bitcoin, and always they tell me they've got say 50 percent bitcoin, and the other 50.  I try telling them they have zero ZERO chance of becoming something. 

Twitter is filled with bots that will say "buy this coin, it's upside is way higher because its only 50 cents.. these companies never explain the other siide of the equation.  I agree though, this is a great topic btw..more people need to come here to learn this concept.

[milewilda]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

Well, you do really got a point but we cant really deny nor avoid the fact that there were tons who had been able to become rich because of those shitcoins and this is where those individuals are really that trying to achieve
and do really hope for. When it comes on lesser risks then it cant really be denied that Bitcoin would be always having that lesser risks comparing into those shitcoins but when it comes to potential returns then there's no doubt that they would really be looking up for something which does give out that bigger potential return and this is where they would be considering out on investing with shitcoins or lowcap ones on which we know that this is the only way that someone could be able to achieve on hitting those huge multipliers with their investment comparing when they are putting in Bitcoin.

Its true and indeed the reality and this is why we cant really be able to stop those people on doing such thing because they had already fixed up their mindset that they would really be getting
that huge profit if they would really be able to hit up the right shitcoin which it can potentially be pumped up by some whales.

[BitcoinTurk]

Bitcoin and successful altcoins that have proven themselves in the market are the most logical options especially for long-term investments. Although the trend in the cryptocurrency markets is moving towards different alternatives at different times, in the long term Bitcoin and successful altcoins that have proven themselves in the market always make investors happy.

Nowadays, due to the trend of shitcoin and memecoin, many new investors prefer them but any investor who chooses these options for the long term without knowledge will definitely lose all their money. Therefore, it is very important for all investors who prefer shitcoin and memecoin to sell all shitcoin and memecoins in their portfolio during these trend periods and taking their profits.

It is especially important for anyone who has just entered the cryptocurrency markets and makes money only by buying and selling shitcoin and memecoin to pay attention to this and not to extend these preferences into the long-term process. Remember, constantly making money in the financial markets, especially when you are just starting out, causes you to become more greedy and lose more money. For this reason, you should follow the trend well and definitely not invest in shitcoin and memecoin in the long term.

[Viscore]

Gone are those days where shitcoins and meme coins have brought massive profits to its investors. Now, they're all up to losses and anyone who's not aware of it will definitely invest like suicidal. When that happens, your money and time will definitely go into waste.

People get burned because they chose to invest first to altcoins because of their cheap prices hoping that they can maximize their profit opportunities with it, and put bitcoin as their last priority because of it expensive price. When they start losing, that's the only time they realized that altcoins are nothing compared to bitcoin. Bitcoin is the king of the crypto market, so it's obvious that it has all the potentials to be highly successful and profitable in the end, unlike altcoins that are only good in their promises but eventually lose their value in the end.

[Rengga Jati]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Investing in altcoins, especially shitcoins, is very risky. Maybe there is definitely an opportunity to get bigger profits. especially altcoins which still have a small price but their market cap is quite good. Of course, then this requires appropriate and wise things in determining what altcoins we need to invest in...

What is certain is that there is a lot of investment in shit coins, meme coins, or all hype coins. Because usually it's just hype for a while and the price will easily drop and won't return to its highest price. Most of the shitcoins will be like this.

[_BlackStar]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

I've never had anything against anyone who actually wants to earn returns from altcoin - but investing something in altcoin blindly is highly discouraged. Some altcoin can give you returns that exceed those of bitcoin - but you should still do your analysis and consider the risks. Not all altcoin are bad - but shitcoin are.

Choosing altcoin or bitcoin is fine as long as you understand the risks. In fact I wouldn't ignore the profit opportunities I can make from altcoin even though I have a primary focus on bitcoin - so I wouldn't generalize that all altcoin are bad if you expect profits.

[serjent05]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

Shitcoins are not for long-term hodl, that is the truth but I still think that there are gems among these shitpiles, if one is lucky enough to find them, they may get their lives comfortable for the rest of their lives.  But of course nothing beats the minimum risk in Bitcoin investment if compared to other cryptocurrencies. 

There are profits to be made even with shitcoins it is that shitcoins is not good for long-term holding, they are best in a short-term investment and if one is to engage with shitcoins, they should be knowledgeable enough to time when to sell, else they will end up with worthless cryptocurrency.

I've never had anything against anyone who actually wants to earn returns from altcoin - but investing something in altcoin blindly is highly discouraged. Some altcoin can give you returns that exceed those of bitcoin - but you should still do your analysis and consider the risks. Not all altcoin are bad - but shitcoin are.

Choosing altcoin or bitcoin is fine as long as you understand the risks. In fact I wouldn't ignore the profit opportunities I can make from altcoin even though I have a primary focus on bitcoin - so I wouldn't generalize that all altcoin are bad if you expect profits.

Greatly said! I highly agree with you, it is always best to study the cryptocurrency we want to invest in so that we won't end up bag-holding worthless cryptocurrency.  There is always profit on any investment, even shitcoins give potential profit, what matter is how we understand our investment and the timing of when to sell our coins.

[libert19]

Shitcoins are fine for huge gains, for example, brc20 shitcoins are giving huge gains right now, but to secure those gains park 'em in Bitcoin.

Not a fan of directly investing in Bitcoin tho, at least in times like right now where we are heading to bull market. Even if you invested in BTC at $20k, you'll have 4x at $80k, meanwhile alts would be flying high by then.

[yhiaali3]

This is what I discovered for myself after I tried investing in several Altcoins. I initially thought I had made some profits, but I discovered that I was delusional when the coins started to decline and losses began.

After that I decided to leave all Altcoins and start the Bitcoin DCA strategy until at least after halving. Today I collected a good amount and continued with the strategy until achieving ATH.

I am very happy that I made this right decision and I am very happy with the results I have achieved so far and I am eagerly awaiting the fruits.

[justdimin]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

Well.. honestly I think shitcoins has a place in the crypto world and you should not avoid them for avoiding sake, you should avoid them for risk purposes when you should. If you have 10 thousand dollars in bitcoin and 5 thousand in ethereum, getting 50 dollars worth of shitcoin is nothing and you could do that if you want to do it, of course it is not like "you should do it" but I think if you really want to, then it wouldn't be a terrible decision.

But, if you have 15 thousand dollars and 13 of them is in some shitcoin then you should not do it, that is a stupid move and you should avoid it. Calculate your risk and reward ratio and manage your finances carefully, otherwise it is not going to be a pretty sight at all.

[Out of mind]

Most of the new users plan to start investing in the beginning, and they only become more interested in Shitcoins because they think they will leave more amount of Shitcoins. It's true that when your wallets mostly contain shitcoins, you'll have a lot of negative feelings towards your investment. Because most of the time you will fall into losses and not so good mentality towards your investments. So it is best for you to invest in bitcoins. Although altcoins are mostly pumped in the market and newcomers are more attracted to it and also face losses. But I think bitcoin is best for long term for high profit, so investing in bitcoin is no risk and no loss.

[yudi09]

-snip-

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

I have launched my phases used to have done that and what you said about Altcoin investment is entirely true. After the money and the time runs out but the results will disappoint because the shitcoin and altcoin that I have put into the portfolio will not increase again after experiencing a decline until it ends without price.

If you imagine the money and time that used to be spent on Altcoin we put in the Bitcoin investment using the DCA method, maybe now we only need to get ready to harvest when reaching ATH.
Enough is the experience of being the best teacher.

[bettercrypto]

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

I do get what you mean when you say that you have done this. Can you indicate what kind of shitcoin you are referring to? Is this apart from bitcoin? You say shitcoins are ETH, ADA, BNB, APTOS, ARB, SHIB, PEPE, XRP, DAO, and others.

I said this because when you say terms like that, it's like, apart from Bitcoin, everything is shitcoins to you. Is that what you mean? This is where we have problems when it comes to the deliberation of terms that are not in order. Should we be specific about the sh*tcoins we're talking about? It's not that we just mention that shitcoins are very risky; no one specified what the crypto name is, as if what is coming out is that all cryptocurrencies apart from bitcoin are shitcoins. Clarify and prove that this shitcoin is what you are talking about; don't just make accusations without evidence.