Buy Buy Buy or Sell Sell Sell?

[Bigjoe33]

I like this thread it has a punchline that trows off any form of shitcoins out of it, they have no place here where the truth is told without minsing words. I have pretty much researched cryptocurrency and I can agree that Bitcoin is different from all the chaff in the crypto market. It has proven it's potential that it is a store of value something that no shitcoins in the market can come close.

Why people get scammed is because they are quick to rush into what they don't understand and they get burnt before they realize the huge mess that they bought with their money. It is simple if you want to buy an asset that has proven that it can be trusted then buy Bitcoin, if you want to gamble with your funds buy shitcoins.

And one most special features of this bitcoin investment is that as long as you have been able to figure out your discretionary income, you can actually start acquiring Bitcoin with the little you have, as low as $10 weekly or monthly depending on your cash flow using the DCA accumulation strategy. It doesn't have a high price tag that you must start with. Secondly, Bitcoin investment does not hold you to a particular amount savings before you start, as in a particular money must be in your possession before you become an investor, No. You can as you keep up with your investment also build your emergency funds and other back up funds along which helps to strengthen your investment.

I think investment can never be made so easy and/or simple as bitcoin investment is with the use of the DCA, as it allows you be in charge of your investment journey and also allows you to invest in peace because you are investigating from your discretionary income. So I see no need for someone to get entangled with shitcoins which has no future. It's better to concentrate on Bitcoin investment which offers more solid financial future if you Hodl for long. Bitcoin is a store value, buy and Hodl

[arwin100]

Why people get scammed is because they are quick to rush into what they don't understand and they get burnt before they realize the huge mess that they bought with their money. It is simple if you want to buy an asset that has proven that it can be trusted then buy Bitcoin, if you want to gamble with your funds buy shitcoins.

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

This is really the huge mistake they take for believing that shitcoins can bring easy huge profits to them. Most of those newbies think about that they can also gain x100 time or even more if they follow those post they see that's why they fall out and lose all their money.

To avoid such scenario they better learn on how to deal with Bitcoin for long term since there's more chance that they can get more realistic gains rather than pushing their selves to invest on something much risky and stressful shitcoins in the market. I discourage them to gamble on shitcoins and better go straightaway on Bitcoin since I always think that they can stay long on the scene since they provably quit immediately if they experience lots of scam.

[ruykeri]

You are right, The truth is investing in Bitcoin and investing in Shitcoin are not the same. If you invest in Bitcoin, no matter how low the price is or if the price drops, there is a possibility of the price reaching the highest level and recovering later, but there is no possibility of that happening in Shitcoin. Therefore, it is wrong to compare investing in Bitcoin with investing in other coins. Those who invest in Shitcoin are not investors. They think of making a short-term profit from it like gambling, but later they face big losses by investing here.

Actually, these are not the only issues related to shitcoin, there are many other negative aspects behind it. The reasons why altcoins cheat people with it. Shitcoin is not decentralized like Bitcoin. Those who launch shitcoin are basically in control of it. They can increase the supply in the market as they wish. When they see that the price of their coin is increasing in the market, they increase the supply and steal people's money. In this way, at one time the price of their coin decreases completely. People start buying in a hurry when they see the price increasing suddenly, but they often face a lot of losses. When there is an unlimited supply of something, its price automatically decreases. But this is not the case with Bitcoin. The supply of Bitcoin is fixed and no one controls it. That is why the popularity of Bitcoin has increased so much.

[Rockson1]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

[MainIbem]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

Talking about "Greed" how about those who take profits too early from Bitcoin to invest in Shitcoins cause of Fomo, one things about these Shitcoins is that they're full of hype and mindblowing promises that could make you lose focus of your target and if you're not disciplined enough you'll give in to greed and make the wrong choice. I'm not saying that people don't have their preferences or choice of investment but when it comes to investment on digital currencies, Bitcoin is the surest option of them all. Yes those who's accumulated enough Bitcoin have the right to risk on those gamble of a coin (Shitcoins) it's their business, but people who are just starting their journey shouldn't risk losing an asset that could give them financial freedom by just holding it cause of their greed and quest for quick money.

[Showlove01]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

You are absolutely correct, greed is an issue but not just the issue or the only thing that makes people invest in shitcoins but rather the issue of ignorant are majorly for newbie because most of them get wrong information and follow it ignorantly and later some realize they are on the wrong part and I was once a victim, I was into shitcoins before because of the information I got from people but later I realized that was not the right place to be. But the issue of greed is for old folks not majorly real investors because someone who's committed to Bitcoin and is holding for long term won't think of anything shitcoins but people who are not majorly into Bitcoin are the people that later turn into shitcoins because of getting rich overnight which is not sure.

[Fuso.hp]

Why people get scammed is because they are quick to rush into what they don't understand and they get burnt before they realize the huge mess that they bought with their money. It is simple if you want to buy an asset that has proven that it can be trusted then buy Bitcoin, if you want to gamble with your funds buy shitcoins.

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

What I always say about investment is that investment is long-term and there is no question of risking your capital in the hope of a small profit. The most important step for an investor is to choose the right coin for investment. There are so many coins in the market, it is certainly difficult for beginners to find a reliable and popular coin from here, but those who try to get some idea about investment before investing and those who have a minimum idea about Bitcoin, I think they will consider Bitcoin as a reliable currency for investment without thinking anything and will invest in Bitcoin consistently. There is an important discussion about investment here, so it may also be a good thing for investors to read the discussions in this thread carefully.

I first started investing in Bitcoin, but gradually I learned a lot about Bitcoin and investment and I regularly watch the discussions in this thread, as a result of which my idea about investment has expanded to some extent, which I have put into practical use.

[virasog]

This is really the huge mistake they take for believing that shitcoins can bring easy huge profits to them. Most of those newbies think about that they can also gain x100 time or even more if they follow those post they see that's why they fall out and lose all their money.

To avoid such scenario they better learn on how to deal with Bitcoin for long term since there's more chance that they can get more realistic gains rather than pushing their selves to invest on something much risky and stressful shitcoins in the market. I discourage them to gamble on shitcoins and better go straightaway on Bitcoin since I always think that they can stay long on the scene since they provably quit immediately if they experience lots of scam.

While one may get quick gains on shitcoins, the risk involved in those shit coins investments is huge. That is why we probably see people only invest very little in those coins and keep the majority of their holdings in Bitcoin and other higher market cap coins. Newbie traders make this mistake as they see that the shitcoin prices are in cents, they can buy large quantity but they do not know that their supply is huge and the lifespan of most of the memecoin is very small.

[Fakhrulenclix]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

Talking about "Greed" how about those who take profits too early from Bitcoin to invest in Shitcoins cause of Fomo, one things about these Shitcoins is that they're full of hype and mindblowing promises that could make you lose focus of your target and if you're not disciplined enough you'll give in to greed and make the wrong choice. I'm not saying that people don't have their preferences or choice of investment but when it comes to investment on digital currencies, Bitcoin is the surest option of them all. Yes those who's accumulated enough Bitcoin have the right to risk on those gamble of a coin (Shitcoins) it's their business, but people who are just starting their journey shouldn't risk losing an asset that could give them financial freedom by just holding it cause of their greed and quest for quick money.

I'm sure these people are aware of their actions; it's gambling, and they do it because they want large, quick profits. Everyone who buys Shitcoins acknowledges this with full awareness.
It's all about mindset. Those who think like that won't be successful in long-term investing. Therefore, before investing, we need to establish the right mindset and consistently plan for the future.
I wouldn't compare Bitcoin investors to people who buy Shitcoins; there's a significant difference.

[bitzizzix]

This is really the huge mistake they take for believing that shitcoins can bring easy huge profits to them. Most of those newbies think about that they can also gain x100 time or even more if they follow those post they see that's why they fall out and lose all their money.

To avoid such scenario they better learn on how to deal with Bitcoin for long term since there's more chance that they can get more realistic gains rather than pushing their selves to invest on something much risky and stressful shitcoins in the market. I discourage them to gamble on shitcoins and better go straightaway on Bitcoin since I always think that they can stay long on the scene since they provably quit immediately if they experience lots of scam.

While one may get quick gains on shitcoins, the risk involved in those shit coins investments is huge. That is why we probably see people only invest very little in those coins and keep the majority of their holdings in Bitcoin and other higher market cap coins. Newbie traders make this mistake as they see that the shitcoin prices are in cents, they can buy large quantity but they do not know that their supply is huge and the lifespan of most of the memecoin is very small.

Investing in shitcoins is very risky because their prices can fluctuate drastically in a short period of time. If you're even slightly late in selling, you could incur losses, which I believe are significant, and the risks outweigh the potential gains.
And for beginners investing in shitcoins, I believe it's based on greed, seeking quick profits without learning and understanding the risks.
They should truly understand and be familiar with Bitcoin, because only Bitcoin will provide them with guaranteed profits by following a long-term process without any risk, as long as they are consistent with their long-term goals and only sell when the Bitcoin price rises and is highly profitable.

[Jewan420]

While one may get quick gains on shitcoins, the risk involved in those shit coins investments is huge. That is why we probably see people only invest very little in those coins and keep the majority of their holdings in Bitcoin and other higher market cap coins. Newbie traders make this mistake as they see that the shitcoin prices are in cents, they can buy large quantity but they do not know that their supply is huge and the lifespan of most of the memecoin is very small.

We should not forget that most of the shitcoins turn out to be scams. We see some shitcoins rise quickly, but that is very rare. Most cryptocurrencies tend to go down and have a very short lifespan. That is, the money invested in shitcoins can eventually reach 0. You can compare shitcoin investing to gambling, consider that you are gambling with shitcoins where the chances of you losing are very high.

I would advise you to get rid of the temptation of making quick money from shitcoins and practice Bitcoin investing and get used to long-term investments. Bitcoin will not give you huge profits quickly, but with low risk and low chances of losing, it can help you own a lot of money in the long run if you can adapt yourself to regular Bitcoin savings.

[Grace333]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

You are right bruh, at this point it is not even about newbie mistakes anymore, a lot of the people getting trapped in shitcoins today are old investors who already know better but still allows greed to take over them...  Once a loud, shiny shit coin appears, all the discipline they used to preach just disappears.. haha..

And honestly, I am the same way you said, if I do not personally believe in something, I can not encourage anyone else to put their money into it. Because in the end, when everything goes wrong, they will come back complaining and it is not a good feeling at all.

[Muba20]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

Talking about "Greed" how about those who take profits too early from Bitcoin to invest in Shitcoins cause of Fomo, one things about these Shitcoins is that they're full of hype and mindblowing promises that could make you lose focus of your target and if you're not disciplined enough you'll give in to greed and make the wrong choice. I'm not saying that people don't have their preferences or choice of investment but when it comes to investment on digital currencies, Bitcoin is the surest option of them all. Yes those who's accumulated enough Bitcoin have the right to risk on those gamble of a coin (Shitcoins) it's their business, but people who are just starting their journey shouldn't risk losing an asset that could give them financial freedom by just holding it cause of their greed and quest for quick money.

I'm sure these people are aware of their actions; it's gambling, and they do it because they want large, quick profits. Everyone who buys Shitcoins acknowledges this with full awareness.
It's all about mindset. Those who think like that won't be successful in long-term investing. Therefore, before investing, we need to establish the right mindset and consistently plan for the future.
I wouldn't compare Bitcoin investors to people who buy Shitcoins; there's a significant difference.

Who are busy with shitcoins instead of buying Bitcoin, even if they see some short-term profit, they have to lose in the long term. Who are prudent investors, who do not invest for the purpose of short-term profit, continue to make all kinds of efforts to maintain long-term investment. Most of the time, they make big mistakes after being tempted to get quick profits. Those who have invested in shitcoins in a cycle have realized how foolish it was for them to invest in shit coins. The investor must decide whether he wants to lose everything by investing in the short term or invest in a long-term and have a reliable investment opportunity.

[Crytohillss]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

Talking about "Greed" how about those who take profits too early from Bitcoin to invest in Shitcoins cause of Fomo, one things about these Shitcoins is that they're full of hype and mindblowing promises that could make you lose focus of your target and if you're not disciplined enough you'll give in to greed and make the wrong choice. I'm not saying that people don't have their preferences or choice of investment but when it comes to investment on digital currencies, Bitcoin is the surest option of them all. Yes those who's accumulated enough Bitcoin have the right to risk on those gamble of a coin (Shitcoins) it's their business, but people who are just starting their journey shouldn't risk losing an asset that could give them financial freedom by just holding it cause of their greed and quest for quick money.

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

[I_Anime]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

Talking about "Greed" how about those who take profits too early from Bitcoin to invest in Shitcoins cause of Fomo, one things about these Shitcoins is that they're full of hype and mindblowing promises that could make you lose focus of your target and if you're not disciplined enough you'll give in to greed and make the wrong choice. I'm not saying that people don't have their preferences or choice of investment but when it comes to investment on digital currencies, Bitcoin is the surest option of them all. Yes those who's accumulated enough Bitcoin have the right to risk on those gamble of a coin (Shitcoins) it's their business, but people who are just starting their journey shouldn't risk losing an asset that could give them financial freedom by just holding it cause of their greed and quest for quick money.

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

That’s why you have to be careful with what you consume on social medias. Many social handlers have been paid to hype or shill shit projects, so they are not doing it for just doing it sake they are doing it to be profitable, no matter what , even if it means others losing huge sum of amount in the process . Many will say there are good once at there , but I can you tell which is good cause buying them randomly is like gambling , so to avoid such just stick with bitcoin that simple .

[ejikeme24]

You are right bruh, at this point it is not even about newbie mistakes anymore, a lot of the people getting trapped in shitcoins today are old investors who already know better but still allows greed to take over them...  Once a loud, shiny shit coin appears, all the discipline they used to preach just disappears.. haha..

It is about newbies because they are still on the verge of knowing the right and wrong I believe those Old investors once passed through this stage so it is assume that they already know the right thing to do so any old investors that is still going behind our back to do that which they are instructed not to do is on its own and they will be the one to take full responsibility of the decision/ or action they take.

So it is very important for those upcoming newbies to get to know these things so that it will be left for them to decide after knowing the right and wrong, so that whenever they make unnecessary mistake they won't have anyone to be blame for that.

[Bd officer]

While one may get quick gains on shitcoins, the risk involved in those shit coins investments is huge. That is why we probably see people only invest very little in those coins and keep the majority of their holdings in Bitcoin and other higher market cap coins. Newbie traders make this mistake as they see that the shitcoin prices are in cents, they can buy large quantity but they do not know that their supply is huge and the lifespan of most of the memecoin is very small.

Yes, new investors make mistakes like this, they see that the price of Bitcoin is very high, so plan to invest in shitcoin. But they don't understand that the price of Bitcoin is not very high, the price of Bitcoin will increase much more in the future. They don't look at total supply, they see the price of shitcoins is very low so maybe invest in shitcoin. In fact, shitcoins are like gambling, if they can make a profit if they are lucky, most people lose money. So if one wants to invest in cryptocurrency then one should invest in Bitcoin which is the most trusted and reliable currency and the risk is very low.

[laijsica]

This mostly applies to newbies that knows little or nothing in the space, but their are greedy investors that knows how dangerous investment in shit coin are, but they still went ahead to invest huge amounts of money in it due to greed of 10 to 100x, so it's not just ignorance that gets investors burnt when investing in shit coin, greed is also an important player too.
If you love gambling and you wishes to gamble on them, then my only advice to you is that make sure you don't use more than 5% of your discretionary income, so that you wouldn't be that bothered if it doesn't goes as planned, but anything more than that is actually unwise.

Greed is mainly the issue here, even though we say ignorance could be one of the factors that can lead people into shitcoin which we say the set of investors that are categorized into that are newbies, then how many newbies can we can't, I think most people that knowingly do shits are old investors that have allowed greed to get into them because of the fact you stated, I don't advice anybody to invest a pin in anything I don't believe in, and that is because I won't be happy if the person complain later, it is very easy to invest in Bitcoin when we practice DCA method so instead of anyone to journey unrealistically, It will be better to invest with such percentage in Bitcoin no matter how small instead of gambling it in nothing.

Ignorance and the greed to get rich in a short time affect the beginners in a row. They should have been accumulation Bitcoin every week to complete the cycle throughout. But they do not want to understand that there is no shortcut to long term investment. This is the main problem with investing. They focus too much on making profits but pay little attention to financial security because greed acts like a black curtain and keeps you in a dream.

When you start a journey through a long process, it is mixed with passion, perseverance and patience, when greed enters it, it can destroy your plans in an instant. shit coins often lure investors with that allure and the temptations are further expanded and created confusion during the promotional phase and on social media.
For a newbie and initially knowledgeable investor, depositing small amounts of SAT before their income starts sharpens their practice while they continue to climb the income stair. Yes long term DCA can be an easy adjective to Adaptation to your income as you can build up your income over time. That point in a long term Bitcoin holding goal.

[Fara Chan]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

[JayJuanGee]

While one may get quick gains on shitcoins, the risk involved in those shit coins investments is huge. That is why we probably see people only invest very little in those coins and keep the majority of their holdings in Bitcoin and other higher market cap coins. Newbie traders make this mistake as they see that the shitcoin prices are in cents, they can buy large quantity but they do not know that their supply is huge and the lifespan of most of the memecoin is very small.

Yes, new investors make mistakes like this, they see that the price of Bitcoin is very high, so plan to invest in shitcoin. But they don't understand that the price of Bitcoin is not very high, the price of Bitcoin will increase much more in the future. They don't look at total supply, they see the price of shitcoins is very low so maybe invest in shitcoin. In fact, shitcoins are like gambling, if they can make a profit if they are lucky, most people lose money. So if one wants to invest in cryptocurrency then one should invest in Bitcoin which is the most trusted and reliable currency and the risk is very low.

When people get dumb shit in their head and they start to buy into the talking points of various shitcoins that try to act like they are the same, similar or even better than bitcoin, then yeah, they are getting lured into dumb shit and inaccurate information.

Anyone who wants to attempt to stay disciplined should at least spend several months (if not a whole year or more) only learning about bitcoin and learning why bitcoin is different and why various shitcoins are spreading misinformation to try to act like they are similar to bitcoin and even implying that they are better or more pumpable.  So yeah, if they buy into ideas that some other crap (such as penny stocks) is more pumpable, then these newbies might be lost causes, and perhaps the most that any of us might be able to convince them to at least limit their time, energies and value put into shitcoins to less than 10% the amount put into bitcoin.. and yeah, they might be inclined to gamble and not willing to limit themselves and wanting to believe that they are smarter, even though they don't know shit and they are new to bitcoin and they are new to shitcoins,

and they have no fucking clue about the differences but they want to act like they can figure it out and that they won't be lured into crap.. which is exactly what happens to a lot of folks.. smart folks and dumb folks, so it is not like smart folks will not get lured into shitcoins too... but they do and there is ONLY so much that can be done to attempt to help them to focus on both building on bitcoin and learning bitcoin first, since even with bitcoin it might take a year or two just to start to get comfortable with both buying the bitcoin on a weekly basis and also getting used to strengthening cashflow management systems and practices..,. and gosh so many folks might get into bitcoin and then realize that they don't even have a lot of time, energy and money to be spreading between figuring out a bitcoin approach and also including the various inferior products within how much time, energy and money they have available on a weekly basis or however long their increments of buying bitcoin., which yeah, weekly tends to be really good to really stay active and even to learn  every week, since there tends to be a lot, even with bitcoin.

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

Yep..  Many times they have to learn on their own, even though surely sometimes some of them might be able to figure out how to focus on bitcoin first and/or to really limit their fucking around with inferior products... but yeah some of them take several months or several years and they might even have to go through a whole cycle and get burnt at some point to figure out that there are problems when overly focus on upside possibilities and really not sufficiently understanding that the up and down waves of shitcoins tend to be almost impossible for normies to catch, even though there could be some insiders who are able to catch them, and guys should not be mistakenly concluding that they are able to become an "insider" or that they have special access merely because the bullshit is being fed upon them about having special access or insider information.