Never invest in Shitcoins for long term

[BALIK]

One example is Atom (Cosmos), which has been on the market for many years and currently has a market capitalization of $1 billion, but after the market crash a few days ago, its price fell to 1 cent, losing 99.9% of its liquidity.
So in thus situation research is not a best way anyway)

Not only Atom but many other altcoins also lost more than 90-99% in the recent flash crash. But you need to note this crash only happened on Binance, and that means this is just a technical issue and error from Binance, nothing to do with ATOM. Binance also admitted its mistake and changed the chart of ATOM as well as other altcoins.

It is true that investing in altcoins is very risky and research cannot help us avoid all the risks of altcoins. But this is just Binance's problem and I know you know that too, we should not use this to downplay the potential of altcoins.

Also, there are still many potential altcoins worth investing in, we should not assume that all altcoins are the same.

[BigBos]

You don't even have to bother investing in shitcoins because it's a waste of time and money. You could invest in shitcoins and suddenly everything crashes, who are you going to complain to that you shitcoins value has dropped to zero? This is why you don't have to continue to buy these scam coins because you are going to lose your money if you are not careful enough. As investor, you need to check for good projects that will not make you poor and make you go broke because of greed of making bad decisions.

There are some meme coins that pretend to be stable but in reality they are black bags full of garbage. They grow for a very short time when the whales associated with them feel the need and the need to withdraw money. Those projects deceive retail investors. I had a few piles of meme coins in my portfolio, mostly for short-term trading. I made a profit from them and bought more for more profit, but its value has been gradually decreasing for several months even when Bitcoin price increased, it did not pump.

You are right that most of the time we do not research the coins we are going to buy. If we had bought them through research, our capital could have been protected from unwanted losses.

Shitcoins are coins we should avoid. It's okay to buy them, as long as you invest your money knowing the risks. I do it sometimes, but not for long-term goals. Sometimes I'm just looking for luck, because who knows, it might be my lucky break.

These coins are very easy to manipulate. They'll pump high to attract investors, then quickly scam those who invest. Their targets are usually FOMO people who don't want to miss out, and without realizing it, they've already fallen into a trap.

[Polkeins]

One example is Atom (Cosmos), which has been on the market for many years and currently has a market capitalization of $1 billion, but after the market crash a few days ago, its price fell to 1 cent, losing 99.9% of its liquidity.
So in thus situation research is not a best way anyway)

Not only Atom but many other altcoins also lost more than 90-99% in the recent flash crash. But you need to note this crash only happened on Binance, and that means this is just a technical issue and error from Binance, nothing to do with ATOM. Binance also admitted its mistake and changed the chart of ATOM as well as other altcoins.

It is true that investing in altcoins is very risky and research cannot help us avoid all the risks of altcoins. But this is just Binance's problem and I know you know that too, we should not use this to downplay the potential of altcoins.

Also, there are still many potential altcoins worth investing in, we should not assume that all altcoins are the same.

My futures position on ATOM was liquidated 10th october not on Binance, so the collapse of altcoins affected all exchanges, not just Binance.
Moreover, after this event, it became clear that most of the trading volume in altcoins was fake, and apart from Bitcoin and a couple of large projects that fell by “only” 50-60%, such as LTC, BNB, ETH, and XRP.
I think few people understand how important this crash was, because it showed that 99.9% of altcoins are just muses that aren't worth a penny, but people still remember this crash. But as soon as some time passes and the rates rise again, everyone will still think that ATOM is worth $3-4-10, not 1 cent.

[savetheFORUM]

People who take advice to invest in memecoins and shitcoins surely have a short-term plan. When they think about holding their coins for a longer period during a downturn, they will only realize it when the value of their coins keeps dropping and they become worthless.
Everyone can learn from their experience, not knowing the amounts already allocated to memecoins and shitcoins. But if it's a large amount, it would be very profitable if they had Bitcoin instead of memecoins and shitcoins. They can regret it, but they can also fix it for the future.

You wouldn't really believe how many people think some shitcoin they bought into will "go to the moon". I mean it's obvious that we are talking about something that is huge here, so many people lost millions of dollars there. So it's clear that we are not going to see this and we should be considering this as something very great for all of us.

This is the best thing we can do at the moment, we shouldn't really be worried about it and can't consider this as bad. We can't really we can't really take everyone the same. Some may end up being short term investors who get in and out, in fact most could be that way, but there are some group of people who actually believe what they invest into is the best token to be created and wait.

[harapan]

Unlike solid projects like Bitcoin,ethereum, and other established altcoins,shitcoins rarely have sustainable development,value and accountability.You can,t rely on that development if you don't understand the risks.Long-term investment should focus and have relationship with utility,innovation and sustainability.

[Ricardo11]

Unlike solid projects like Bitcoin,ethereum, and other established altcoins,shitcoins rarely have sustainable development,value and accountability.You can,t rely on that development if you don't understand the risks.Long-term investment should focus and have relationship with utility,innovation and sustainability.

Agreed, most of the shitcoins are only based on short-term hype, they are never suitable for long-term, if you want to invest for long-term purposes, you must invest in a trusted place, which has a lot of long-term potential.
For example, Bitcoin, it is a trusted long-term investment and its potential is very high, in the case of a long-term investment, Bitcoin will be at the top of the list. So before making an investment, you must make a decision through research.
When you invest in the wrong thing, there will be no point in taking the risk, so you must take the risk in the right place and do research and invest in the right place.

[BitBakerr1]

You don't even have to bother investing in shitcoins because it's a waste of time and money. You could invest in shitcoins and suddenly everything crashes, who are you going to complain to that you shitcoins value has dropped to zero? This is why you don't have to continue to buy these scam coins because you are going to lose your money if you are not careful enough. As investor, you need to check for good projects that will not make you poor and make you go broke because of greed of making bad decisions.

There are some meme coins that pretend to be stable but in reality they are black bags full of garbage. They grow for a very short time when the whales associated with them feel the need and the need to withdraw money. Those projects deceive retail investors. I had a few piles of meme coins in my portfolio, mostly for short-term trading. I made a profit from them and bought more for more profit, but its value has been gradually decreasing for several months even when Bitcoin price increased, it did not pump.

You are right that most of the time we do not research the coins we are going to buy. If we had bought them through research, our capital could have been protected from unwanted losses.

Shitcoins are coins we should avoid. It's okay to buy them, as long as you invest your money knowing the risks. I do it sometimes, but not for long-term goals. Sometimes I'm just looking for luck, because who knows, it might be my lucky break.

These coins are very easy to manipulate. They'll pump high to attract investors, then quickly scam those who invest. Their targets are usually FOMO people who don't want to miss out, and without realizing it, they've already fallen into a trap.

Some coins are good to invest on there are people who have made huge amount of money through this coins, if you know the risk in it you can invest in them, however I will always advise you invest using only your Discretionary income and again if you want to invest in a coin for long term try to confirm if it is decentralized coin, I usually fear centralized coins so much because of the scam they come with.
Yes you are correct about what you said they'll pump high to attract investors, you are 100 percent correct, a lot of coin that has scam a lot of people use this method and they usually use this kind of method to scam people till date, however people that usually go for this kind of coin are mostly traders they know the risk in it and they still choose to invest in it if you are fast enough and smart enough you can benefit before it crashes, and people that mostly benefit before it crashes are those people that invest quick and then withdraw quick.

[Mahanton]

Unlike solid projects like Bitcoin,ethereum, and other established altcoins,shitcoins rarely have sustainable development,value and accountability.You can,t rely on that development if you don't understand the risks.Long-term investment should focus and have relationship with utility,innovation and sustainability.

Agreed, most of the shitcoins are only based on short-term hype, they are never suitable for long-term, if you want to invest for long-term purposes, you must invest in a trusted place, which has a lot of long-term potential.
For example, Bitcoin, it is a trusted long-term investment and its potential is very high, in the case of a long-term investment, Bitcoin will be at the top of the list. So before making an investment, you must make a decision through research.
When you invest in the wrong thing, there will be no point in taking the risk, so you must take the risk in the right place and do research and invest in the right place.

Most shitcoins are built purely for hype with no real plan or lasting purpose behind them they rise fast when attention is high then crash hard once the hype fades away these kinds of projects don’t have strong development teams or real world use cases that can keep them alive long term once the early excitement dies, the project usually disappears along with investors’ money. That’s why long term investment should only go to assets that have proven their worth over time Bitcoin and ethereum are clear examples they both have solid fundamentals and established ecosystems with real innovation behind them Bitcoin focuses on security and scarcity while ethereum powers smart contracts and decentralized applications those are things that give them real lasting value.

Before putting money anywhere, it’s important to understand what the project is solving and who is behind it if a coin’s only selling point is quick profits or community hype without real development then it’s just a matter of time before it collapses research is what separates investors from gamblers. Taking risks is part of investing but smart investors take calculated risks they focus on assets with transparency, purpose, and sustainability the goal is not just to make profit once but to grow wealth steadily over time so when it comes to long term investing, solid projects like Bitcoin will always stand above the noise while hype coins come and go with every market cycle.

[armanda90]

Before putting money anywhere, it’s important to understand what the project is solving and who is behind it if a coin’s only selling point is quick profits or community hype without real development then it’s just a matter of time before it collapses research is what separates investors from gamblers. Taking risks is part of investing but smart investors take calculated risks they focus on assets with transparency, purpose, and sustainability the goal is not just to make profit once but to grow wealth steadily over time so when it comes to long term investing, solid projects like Bitcoin will always stand above the noise while hype coins come and go with every market cycle.

Its really important aspect have to know if want investing assets at cryptocurrency, who are behind our project coin investment where are they come from. Usually have advice team project always difficult make any coins break to higher price and be aware when investing coin there exactly want to be as long term holder. Must know detail about project coins how much supply and how much percent coins supply at developer hands, if supply dominance holding by developer I believe quite difficult to break higher price.

For shit coin have to see have been listed at CEX exchange or not, listing on DEX only is not recommended to buy because the developer easily removing coins liquidity and make the investor loss their money. However shit coin is short term trading not recommended for long term trading, after become popular easily for shit coin drop drastically exactly if not listing at CEX exchange.