Never invest in Shitcoins for long term

[landheer]

So I invested in some like Sol, Aabl, Ton, notcoin, etc, at one point when they were going down he said I should leave it for the bull run that prices will go up, at that point I had no idea what bull run was except it’s when prices will go up.
So I’ve been waiting for a while and some never saw bull run most of them have absolutely disappeared even some I got through airdrops that the reward wasn’t enough I decided to hold and I lost out.
Of all the coins I invested in only Solana is alive and I didn’t even invest much initially I had to add more later on.

I’ve learnt my lessons now, shitcoins are just gambling they aren’t what you’ll invest into, for long term.

It took me a while to realise the man I thought was a pro was just a regular dude (a gambler), I’ve also learnt to do my own research before I invest.
With shitcoins, memecoins and the likes it’s only at that time when there’s a hype and frenzy around it that you can make gains, never invest in them for a long term cos after that noise it dies down.

But last year, Ton experienced a significant price spike, and I think that means you also profited significantly from it, along with Sol. Sol also experienced a similar spike at the time. Fortunately, you held on to Sol. Sol was the only one that managed to maintain its price slightly better until now. Meanwhile, Ton has fallen, even though Ton isn't a shitcoin.

And I'm glad you've learned from your own experience. In trading and crypto, it's better to conduct your own analysis than to rely on signals from others. Conducting your own analysis also gives you a sense of pride when you successfully identify important news that could impact market prices. And when you take a position and the price rises, you feel satisfied because your analysis was successful.

[laspol65]

Well, for me it depends on what's regarded as investment. My strategy on shitcoins has always been ride the wave, take profits and keave moonbags for the next vwave. So, leaving $20 for potential moonbags can be investments for other low-income traders, just sayong tho

There is no guarantee in investing in Shitcoin. If you sell it once for a profit of $10 and wait for the next dumping, then I would say you are doing something stupid. Because if Shitcoin goes into dumping once, the chances of it increasing are very low. So I advise you to invest in Bitcoin for a long time, if you can invest in Bitcoin, then of course it is reliable and if you hold it for a long time, you will have a chance of making a lot of profit.

[Mahanton]

So I invested in some like Sol, Aabl, Ton, notcoin, etc, at one point when they were going down he said I should leave it for the bull run that prices will go up, at that point I had no idea what bull run was except it’s when prices will go up.
So I’ve been waiting for a while and some never saw bull run most of them have absolutely disappeared even some I got through airdrops that the reward wasn’t enough I decided to hold and I lost out.
Of all the coins I invested in only Solana is alive and I didn’t even invest much initially I had to add more later on.

I’ve learnt my lessons now, shitcoins are just gambling they aren’t what you’ll invest into, for long term.

It took me a while to realise the man I thought was a pro was just a regular dude (a gambler), I’ve also learnt to do my own research before I invest.
With shitcoins, memecoins and the likes it’s only at that time when there’s a hype and frenzy around it that you can make gains, never invest in them for a long term cos after that noise it dies down.

But last year, Ton experienced a significant price spike, and I think that means you also profited significantly from it, along with Sol. Sol also experienced a similar spike at the time. Fortunately, you held on to Sol. Sol was the only one that managed to maintain its price slightly better until now. Meanwhile, Ton has fallen, even though Ton isn't a shitcoin.

And I'm glad you've learned from your own experience. In trading and crypto, it's better to conduct your own analysis than to rely on signals from others. Conducting your own analysis also gives you a sense of pride when you successfully identify important news that could impact market prices. And when you take a position and the price rises, you feel satisfied because your analysis was successful.

That’s the kind of lesson that only experience can teach following hype or trusting someone who claims to know it all usually ends the same way especially in crypto where anyone can sound like an expert during a bull run but when the market cools off you see who really understands what they’re doing. Most of those small projects and airdrop coins were never built for the long run they thrive on hype and community noise once attention moves elsewhere the liquidity disappears and the price crashes solana survived because it has real use cases strong developers and consistent updates ton had its moment too but still depends heavily on market interest.

Doing your own research is the best takeaway from this when you understand why you’re investing in a coin you stop being easily influenced by others you also stop panicking when the price drops because you know what you’re holding and why it has value. Long term investing only works with solid projects that have purpose technology and community behind them the rest like memecoins and hype tokens are short term plays made for speculation it’s fine to join them for quick gains but never hold them expecting miracles the market rewards patience and knowledge not blind trust in self proclaimed pros.

[Agbam]

That's good for you if you've truly learned from the mistakes you made before, and it can also serve as an awareness or warning for others who might experience what you went through, OP (Original Poster). If Bitcoin is already volatile, then the 'shitcoins' you mentioned are even more so.

The problem with some investors in this crypto space is that they are also gamblers, so they don't mind losing because they think they might get lucky and those 'shitcoins' will suddenly pump, which is most of the time what happens—a rug pull in the end."

Yeah I’ve really learnt and the comments pouring here are more encouragements not to venture into such, I’ve made up my mind, not investing in any coins not in the top 10 or maybe 20. Experience is the best teacher and I’ve gotten mine.
I also wish for other new guys in the crypto space to know this, the temptation of wanting to 10X your money in a short while is what drives people into it without proper knowledge.

[Bobrox]

There is no guarantee in investing in Shitcoin. If you sell it once for a profit of $10 and wait for the next dumping, then I would say you are doing something stupid. Because if Shitcoin goes into dumping once, the chances of it increasing are very low. So I advise you to invest in Bitcoin for a long time, if you can invest in Bitcoin, then of course it is reliable and if you hold it for a long time, you will have a chance of making a lot of profit.

No chance more for shit coin increasing back after dropping to lower price, its the opportunity of developer after shit coin releasing try to pump how to make many people interested for investing as short or long term investment. After price increasing and have much market volume transaction the developer will sell their coins supply easily price decreasing. Get faster trading with shit coin and don't have ideas for long term holding if looks the developer of shit coin not really trusted and coins supply more allocated for developer teams than investors or holder.

Trading shit coins easily earn huge profit just bring capital $20 you earn up to $200 until have possibility $1000 depend on how lucky your are and exactly get faster entry when price still drop. If you don't have any experienced trading with shit coin never try it scare will entry with shit coins will removing the liquidity.

[pusaka]

It's easy to manipulate, that's what shitcoins are. Therefore, I never considered investing in these coins; I just hoped for luck when I tried to buy shitcoins, even though I never got what I hoped for.

It's perfectly reasonable to consider shitcoins a Ponzi scheme with no clear purpose behind their creation.

Many people get trapped in these coins because once they enter, when they drop, they never see the price again, and they end up as junk coins in their wallets.

Shitcoins really are nothing more than gambling disguised as investing they give the illusion of quick riches but underneath it all is just manipulation and greed they exist mostly to make money for the people who create them not for the people who buy them the odds are completely unfair maybe a few get lucky at the start but almost everyone else ends up losing their money. The structure itself feels like a ponzi new buyers fund the exits of the old ones once the hype fades the price collapses and the developers move on to launch another project under a different name it’s the same story every time promises of massive gains flashy marketing and then silence when everything crashes.

Most people fall into it because of fear of missing out they see posts of others making quick profits and think they can catch the same wave but by the time they buy in it’s already too late the insiders have sold and the market is rigged to drain the newcomers once the price drops it almost never recovers and the coins just sit there dead in wallets. The real lesson is that if a coin has no real use no clear team and no reason to exist other than hype it’s not an investment it’s bait solid projects like Bitcoin or Ethereum are built on real technology and purpose but shitcoins are just noise made to trap the greedy and the careless patience and knowledge are what protect you not luck.

We can see how the price movements sometimes do not make sense or are not like most coin movements. And even after a significant rise, the coin will plunge all the way down leaving people who entered late just because of FOMO. In fact, I often see only a few moments after the coins are in the market, they immediately sink and disappear.

should not be tempted by the rise that we sometimes see in some of these coins. But it takes a lot of luck to find a coin like that. It's interesting to see people with money buying such coins, but don't forget to compare it with how many have lost money.

[gunhell16]

Well, for me it depends on what's regarded as investment. My strategy on shitcoins has always been ride the wave, take profits and keave moonbags for the next vwave. So, leaving $20 for potential moonbags can be investments for other low-income traders, just sayong tho

There is no guarantee in investing in Shitcoin. If you sell it once for a profit of $10 and wait for the next dumping, then I would say you are doing something stupid. Because if Shitcoin goes into dumping once, the chances of it increasing are very low. So I advise you to invest in Bitcoin for a long time, if you can invest in Bitcoin, then of course it is reliable and if you hold it for a long time, you will have a chance of making a lot of profit.

Those who have extensive knowledge in this field of cryptocurrency will definitely not buy shitcoins that they know carry high risk, unless perhaps if one is a whale investor
with the capability to manipulate the coin price, then maybe it's possible.

That's why our other companions here haven't lacked in reminders to always be careful with shitcoins that are just all hype,
especially with new coins that are just coming out in this crypto business industry.

[Hyphen(-)]

Yeah I’ve really learnt and the comments pouring here are more encouragements not to venture into such, I’ve made up my mind, not investing in any coins not in the top 10 or maybe 20. Experience is the best teacher and I’ve gotten mine.
I also wish for other new guys in the crypto space to know this, the temptation of wanting to 10X your money in a short while is what drives people into it without proper knowledge.

Some coins can be in the top 10 -20 and still could t give you what you want, and the team can just decide to leave the project and your investment will just go; although it is very rear for such thing to happen, cut out it at the back of your mind that as far it’s an altcoin, anything can happen no matter the project’s reputation.

If you want to invest in a long-term, Bitcoin itself is the best option to go for, you will have no problem and no temptation because it is Bitcoin and it will definitely remain the best coin to control the crypto market.

For newbies that are desperate to get quick money in crypto, they should be ready for some disappointments because I believe they will be told to invest in some altcoins to give them 10-15X.

[Yamifoud]

Support for shitcoin projects is usually temporary and fleeting. Shitcoins are often based solely on hype, so their survival is limited to the short term. Once the hype wears off, their prices will inevitably fall, and once they do, it's difficult to recover. I was once like you, attracted to several shitcoins and joined several groups. I was promised huge profits but once I joined, things didn't live up to my expectations. Despite trying several shitcoins, I never made a profit. I probably wouldn't recommend investing in shitcoins long-term because their foundations are based on hype and lack solid fundamentals. I now focus more on coins with clearly solid fundamentals, like Bitcoin or Ethereum. Long-term investment requires a coin with strong fundamentals, as having them ensures its longevity.

Shitcoins are tempting, especially when we see the price spike high and think this will be the ideal opportunity to earn more. But what happens is that after a short price hike, a dump and price collapse happen, leaving all investors hopeless to sell their coins and recover their losses. Sometimes it happens that it is delisted in all exchanges, and there is no way to sell them.

That’s why I’ll be more cautious when it comes to these pump-and-dump groups, especially in Telegram. I just ignore them now. That is the best I can do, as it helps me forget the bad experience I had before and saves me from falling into the same trap again.

[leonair]

A piece of advise concerning this: Bitcoin and Ethereum are both decentralized system

Did anyone tell you this? It is a lie.

Bitcoin is very decentralized. Satoshi Nakamoto not intervening in anything about bitcoin at all. He just left and remain anonymous. Unlike ethereum that what its developers said will happen is what that will happen. I know this fact more when they were transitioning from PoW to PoS which ethereum miners can not accept but ethereum developers left PoW.

Ethereum is not decentralized as many people thought it is. It is centralized.

Yes, Bitcoin is decentralized because it has no visible owner and its foundation cannot be changed. But Ethereum is a completely centralized coin. Because its owner Vitalik Buterin is completely visible and the Ethereum Foundation is changeable. Earlier it was a mining coin but now it has been minted. If the Ethereum Foundation wants, now it can create as many Ethereum as it wants at any time. So it is completely centralized. And these centralized coins can never be completely trusted because they can crash the market at any time because its owner has control over it.

[cxtreenal]

Support for shitcoin projects is usually temporary and fleeting. Shitcoins are often based solely on hype, so their survival is limited to the short term. Once the hype wears off, their prices will inevitably fall, and once they do, it's difficult to recover. I was once like you, attracted to several shitcoins and joined several groups. I was promised huge profits but once I joined, things didn't live up to my expectations. Despite trying several shitcoins, I never made a profit. I probably wouldn't recommend investing in shitcoins long-term because their foundations are based on hype and lack solid fundamentals. I now focus more on coins with clearly solid fundamentals, like Bitcoin or Ethereum. Long-term investment requires a coin with strong fundamentals, as having them ensures its longevity.

Shitcoins are tempting, especially when we see the price spike high and think this will be the ideal opportunity to earn more. But what happens is that after a short price hike, a dump and price collapse happen, leaving all investors hopeless to sell their coins and recover their losses. Sometimes it happens that it is delisted in all exchanges, and there is no way to sell them.

That’s why I’ll be more cautious when it comes to these pump-and-dump groups, especially in Telegram. I just ignore them now. That is the best I can do, as it helps me forget the bad experience I had before and saves me from falling into the same trap again.

You are right. Many traders buy shitcoins under the lure of their high price and end up losing money in the long run. I fell for this kind of lure and sold it at a loss after a long time. During the price increase, you may think that the price of this coin will increase a lot and I will keep buying but after a few days of increase a massive price drop in one day can upset you.

You have mentioned selling shitcoins earned through airdrop method, but sometimes the price situation of the listed coins goes to such a point that the long term decline continues and finally you have to sell it at a loss.

[albon]

Yeah I’ve really learnt and the comments pouring here are more encouragements not to venture into such, I’ve made up my mind, not investing in any coins not in the top 10 or maybe 20. Experience is the best teacher and I’ve gotten mine.
I also wish for other new guys in the crypto space to know this, the temptation of wanting to 10X your money in a short while is what drives people into it without proper knowledge.

This is one of the most important lessons any newcomer to this financial sector should learn: to avoid investing in shitcoins in the long term.. Even short-term trading can be highly risky and may lead to rug pulls..

Investing in the top and most established cryptocurrencies in the market is a wise decision as these currencies have maintained strong market presence for years, making it a relatively safe investment, although it also carries risks. but not to the same extent as new projects and meme coins that offer no benefit to the industry other than burning investors' money and then disappearing with it.

Any temptations in this field are indeed traps and pitfalls, which is why we must not allow our greed to drive us toward these shitcoins, no matter the promises or influencers promoting them. These influencers are paid for promoting them, while we will pay the price for our ill-considered decisions.

[RockBell]

Investing in shitcoins is like playing with fire where anyone involving in it should be ready to accept the responsibility and consequences of their actions and when it comes to a long term investment Bitcoin holds the potential and it's not just for the big boys any one that has a discretionary income can invest in Bitcoin with the DCA strategy while holding for the long term, I have friends who did got involved with shitcoins and it never did well, to me it is a lesson learnt from another without waiting to experience it, anyone getting involved with shitcoins should also be ready to bear the risk in it.

Shitcoins are like time bombs the moment you step on it, then the next thing will be explosive and only few people are making from Shitcoins and they make it look okay for others to follow and I feel majority of those coins are scam because people are losing there money, for long time investment Bitcoin is the best infact I don't know who is advising people to be investing in shitcoins for a long time because the next will be that when you check your wallet you will be surprised to what you will see,  for those that are working and making money monthly or weekly can enjoy DCA better because they know the amount they are investing and they can either decide to increase or decrease depending on what there budget is because everything about DCA works with budgeting, and DCA makes everything more easy for those that don't have much to invest.

[AmoreJaz]

Yeah I’ve really learnt and the comments pouring here are more encouragements not to venture into such, I’ve made up my mind, not investing in any coins not in the top 10 or maybe 20. Experience is the best teacher and I’ve gotten mine.
I also wish for other new guys in the crypto space to know this, the temptation of wanting to 10X your money in a short while is what drives people into it without proper knowledge.

This is one of the most important lessons any newcomer to this financial sector should learn: to avoid investing in shitcoins in the long term.. Even short-term trading can be highly risky and may lead to rug pulls..

Investing in the top and most established cryptocurrencies in the market is a wise decision as these currencies have maintained strong market presence for years, making it a relatively safe investment, although it also carries risks. but not to the same extent as new projects and meme coins that offer no benefit to the industry other than burning investors' money and then disappearing with it.

Any temptations in this field are indeed traps and pitfalls, which is why we must not allow our greed to drive us toward these shitcoins, no matter the promises or influencers promoting them. These influencers are paid for promoting them, while we will pay the price for our ill-considered decisions.

But to admit, I've been also in that phase where I invested in ICO. But that was way way back. And yes, I lost my investments as the coin didn't even reached the trading market. And that was my lesson learned. And never invested in ICO or any other crypto launching anymore because for me, it is better to invest in btc for long term rather than any other alt. Of course, the idea of multiplying your initial investments 10x or more is very tempting. But you need to asses the situation because most projects will only collect money from gullible investors, and disappear afterwards. I've seen that countless times, even introducing their real faces. How much more with anonymous projects?

[MarjorieZimmermanGinger]

It took me a while to realise the man I thought was a pro was just a regular dude (a gambler), I’ve also learnt to do my own research before I invest.
With shitcoins, memecoins and the likes it’s only at that time when there’s a hype and frenzy around it that you can make gains, never invest in them for a long term cos after that noise it dies down.

These kinds of coins are only influenced by hype and lack fundamentals that could possibly sustain them in the market. Most people think they can make big profits in shitcoins, but ultimately, they lead to losses. Shitcoins are not worth investing in, and perhaps we should avoid investing in them, especially for the long term. It's better to choose coins with sound fundamentals so that even if the coin experiences a sharp decline, there are times when it can gradually recover, preventing losses from our investment.

[WatChe]

These kinds of coins are only influenced by hype and lack fundamentals that could possibly sustain them in the market. Most people think they can make big profits in shitcoins, but ultimately, they lead to losses. Shitcoins are not worth investing in, and perhaps we should avoid investing in them, especially for the long term. It's better to choose coins with sound fundamentals so that even if the coin experiences a sharp decline, there are times when it can gradually recover, preventing losses from our investment.

I would say always stay away from Shit coins because they are launched only with intention to grab investors money. There are not much cases where a shit coin has given good return to its investors. They are cheap in price and people invest with greed that they will get good profit by investing a small money and that never happens. It's important as an investor to understand that we can't become rich overnight in crypto. We have to find the right coin, invest into it and then patiently wait for the return. Those who look for shortcuts, end up losing money.

[dunfida]

Investing in shitcoins is like playing with fire where anyone involving in it should be ready to accept the responsibility and consequences of their actions and when it comes to a long term investment Bitcoin holds the potential and it's not just for the big boys any one that has a discretionary income can invest in Bitcoin with the DCA strategy while holding for the long term, I have friends who did got involved with shitcoins and it never did well, to me it is a lesson learnt from another without waiting to experience it, anyone getting involved with shitcoins should also be ready to bear the risk in it.

Shitcoins are like time bombs the moment you step on it, then the next thing will be explosive and only few people are making from Shitcoins and they make it look okay for others to follow and I feel majority of those coins are scam because people are losing there money, for long time investment Bitcoin is the best infact I don't know who is advising people to be investing in shitcoins for a long time because the next will be that when you check your wallet you will be surprised to what you will see,  for those that are working and making money monthly or weekly can enjoy DCA better because they know the amount they are investing and they can either decide to increase or decrease depending on what there budget is because everything about DCA works with budgeting, and DCA makes everything more easy for those that don't have much to invest.

Investing in shitcoins is like walking into a fire with your eyes closed it might look shiny and exciting from the outside but most people who jump in end up getting burned it’s not even about luck sometimes it’s just that the system itself is designed to benefit a few insiders while draining everyone else the hype makes it look easy but by the time the smoke clears you’ll realize you were just feeding someone else’s exit plan. Bitcoin on the other hand is a completely different story it has survived for over a decade through bear markets bans crashes and still managed to come out stronger every time it’s not something that promises overnight success it rewards patience discipline and long term vision and that’s what most people lack.

The DCA method works perfectly here it’s simple and consistent you don’t have to stress about market timing you just buy at intervals according to your budget and hold the key is knowing your limit and staying committed people working regular jobs can build a solid position in bitcoin over time without risking everything at once. Shitcoins teach harsh lessons but those lessons make investors smarter anyone who has gone through that phase and still believes in crypto usually ends up coming back to bitcoin it’s the only asset in this space that’s proven it deserves long term trust.

[Etranger]

I think most “long-term” investments in shitcoins happen unintentionally. People buy those tokens driven by a blind desire to make huge profits quickly, but the market turns against them, and they end up stuck with those assets. They don’t sell in time because they keep hoping for another pump that never comes. As a result, they stay trapped in those positions for a very long time, and with each passing day, the chances that the token will ever rise back to the purchase level become smaller and smaller.

[Cryptmuster]

I would say always stay away from Shit coins because they are launched only with intention to grab investors money. There are not much cases where a shit coin has given good return to its investors. They are cheap in price and people invest with greed that they will get good profit by investing a small money and that never happens. It's important as an investor to understand that we can't become rich overnight in crypto. We have to find the right coin, invest into it and then patiently wait for the return. Those who look for shortcuts, end up losing money.

I think this is possible in the medium term, but only if you've independently analyzed the project and see that it has a good team and investment from reputable funds. But even for such projects, the investment shouldn't be long-term, and you should keep an eye on when they start selling to avoid being stuck with tokens that will lose value after investors sell theirs. Only Bitcoin is a long-term investment.

[Polkeins]

I think most “long-term” investments in shitcoins happen unintentionally. People buy those tokens driven by a blind desire to make huge profits quickly, but the market turns against them, and they end up stuck with those assets. They don’t sell in time because they keep hoping for another pump that never comes. As a result, they stay trapped in those positions for a very long time, and with each passing day, the chances that the token will ever rise back to the purchase level become smaller and smaller.

You've really hit the nail on the head and I'm one of those “long-term” investors too. Recently, I sold most of my shitoins, accepting the losses and kept some in case someone decides to pump them, like zec recently, but most of these “investments” in altcoins turn into trash and it is often difficult to blame the team that is trying and making some kind of product.
Unfortunately, market conditions are different now compared to 2017-2018 or even 2021-2022. Now everyone is focused on Bitcoin and a couple of large projects like Solana or Eth