Never invest in Shitcoins for long term

[Nahl]

Shitcoin prices can be increase because of the community and hype besides that they don't have strong fundamental which if you hold them for long term most likely you will lost all of your money because usually after dumped it is almost impossible for shitcoins to bounce back that's why some traders says shitcoins are scam and just stay away from them if you want to lost your money

I think we should be clever to see crypto market that sometimes shitcoins is not always bad because if you have the ability to enter early to shitcoins sometimes they can give decent profit to us but just make them to earn profit only and not hold them to long term and if you want to invest then bitcoin is still the best coin to hold compared to altcoins

[Mahanton]

I used to follow crypto airdrop groups on Telegram and WhatsApp… mostly on Telegram so I had this guy who introduced me into this groups, he was an admin in one. I knew for a while he was into cryptocurrencies and trading (he was always checking signals on PC) so I thought he was a pro and had this trust in him.

He advised me to invest in some shitcoins, that I should forget all the big boys up there (BTC, ETH) saying it was for rich and wealthy people. 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.

Shitcoins and memecoins almost always follow the same script they explode in hype, influencers push them hard, the early entrants make money, and then the late investors are left holding bags when the frenzy dies down and the coin loses relevance they’re not designed for long term growth but for quick pumps and dumps like you said, it’s basically gambling dressed up as investing. Your point about solana surviving while the others vanished is an important one solana worked out not because of luck but because it had a real ecosystem and developer activity behind it that’s the difference between projects built on fundamentals and those created just to ride hype cycles.

The real lesson here is not to blindly follow anyone especially in crypto communities where a lot of people are shilling what benefits them instead, building the habit of doing your own research, checking project fundamentals, and asking yourself “does this coin solve a real problem or is it just hype?” makes a huge difference over the long run. The fact you went through this experience and came out with more discipline is actually valuable many people keep repeating the same mistake chasing hype over and over but you already understand now that sustainable wealth in crypto comes from patience, research, and focusing on projects that can survive multiple cycles.

[EarnOnVictor]

To begin with, why are you investing in shitcoins? Perhaps you don't know the meaning of shit? That should have hinted to you something.

Well, I read your narration, and for correction sake, $SOL is never a shitcoin, and the right time of investing in cryptocurrencies matters. The coins/tokens that have ruined the accounts of some people are the same coins/tokens that have made others very rich.

Unfortunately, people do not want to wait for the right time but like to invest all the same (FOMO). It's good that you've learned your lesson, as it's part of the needed experience.

[aylabadia05]

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.

Shitcoins and similar investments aren't meant for long-term investment, but rather for a specific moment. If you're done, forget it.
If we say so, it's trash that will clutter your wallet.

Invest in reliable coins. When investing in altcoins, research them, analyze them, and choose those with strong fundamentals.
I don't recommend altcoins for investment, but if you're truly serious about the long term, consider Bitcoin. It will safeguard your financial future.
Tell those closest to you that we recommend Bitcoin as the only long-term investment.

[Futurexxx]

Let me fix the title: Never invest in Shitcoins for long term

If you consider them shitcoins, there's no point in investing.
Altcoins are bad for the long term, and some may be better for trading than investing.

I think that the op was trying to talk about those that are hell bent on gambling on shit coin, because their are two things that makes most investors risk the hard earned money on shit coin.
First is ignorance, like not knowing how dangerous it is before putting their money in it, and this ones is mostly done by newbies, they falls into this category.

Secondly, it's greed for 10x to 100x.
You will see an investor knowing fully well that this is a dangerous move, but they will still go ahead and take a risk on it hoping for 10x to 100x due to greed, at the end they mostly end in a loss, since it more of gambling than investing.

[gunhell16]

I agree that one should never invest in shitcoins for the long term, because in the end, you’ll only end up disappointed for sure. As much as possible,
if you don’t have to invest in them, then don’t.

However, if you plan to use them for the short term as long as you know the right timing to sell in order to take profit then that’s
the only way shitcoins can really be used, in my opinion, for investors who remain vigilant.

[Adams0001]

I agree that one should never invest in shitcoins for the long term, because in the end, you’ll only end up disappointed for sure. As much as possible,
if you don’t have to invest in them, then don’t.

However, if you plan to use them for the short term as long as you know the right timing to sell in order to take profit then that’s
the only way shitcoins can really be used, in my opinion, for investors who remain vigilant.

Shitcoins is not a coin that you will invest on and think you can probably achieve profit, because you can't predict it and you don't know if he will raise again when ever he drop you can easily lose your funds and feel disappointment. Shitcoins is risk and if you can't take risk don't invest in it because most shicoin are a short term project and you can't guarantee you will profitable when you invest in them even in the short term. So you need to be careful when making decisions on investing in Shitcoins. Some prefer to used shicoin to trade then investing in them, because they know that is not a stable coin like bitcoin that won't drop easily.

if you invest in bitcoin for long term you will always get the believe that you will surely profitable when the price increases but shicoin don't have point to increases or decrease so if you want to risk in shicoin try to invest small before you lose all your funds but I can't advice person to invest in such coin because is not a steady coin that you can relaying on and think you will be profitable. Even you want to take risk make a research about the coin before you take decisions because they are different coins that is making people lose alot of funds.

[Alone055]

@OP, for your information, SOL and TON are not shitcoins. A shitcoin is basically a coin or a token that doesn't have a purpose or a proper project behind it, they are just created by someone who no one even knows anything about, brought into the market in some way, and then vanish as soon as the creator gets enough money that he wanted to make from creating that shitcoin. Even meme coins could be called shitcoins because they don't have project backing them up, they are created in thin air, sold through hype and big dreams, and then are abandoned by the market after some time.

Both SOL and TON are proper altcoins. SOL is the native token of Solana, a layer-1 blockchain platform with very fast transaction confirmations and low fees. TON is the native token of Telegram Open Network, which is also a blockchain platform from Telegram. So, these are not shitcoins. I don't know about the guy who suggested you buying these and not Bitcoin, but these are not bad cryptocurrencies. However, what he said about Bitcoin is BS. Bitcoin is not only for the rich, it's for everyone.

[Findingnemo]

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.

This is what the situation with most of the people who claim themselves as pro or an expert when they don't have any idea why they are doing but they are doing it with the hope of seeing it big just like the gambling. I took my chances and not going to do anything with altcoins and I took the stance a while back but still there are users who claim that I am missing a big profit whenever the new trend arises but these all are just short term bust happens so randomly for that we hcan't have any plan at all, just need to be lucky.

[Zwei]

However, if you plan to use them for the short term as long as you know the right timing to sell in order to take profit then that’s
the only way shitcoins can really be used, in my opinion, for investors who remain vigilant.

like timing the market is an easy thing to do. no matter how "vigilant" an investor is, he will get rugged by insiders.
imo, there are 3 types of people in the shitcoins/memecoins investing world, insiders who take home 95% of the profit, lucky investors who get the other 5%, and bag holders who are left holding... the bag.

i would rather gamble my money at a casino than invest it in shitcoins (short or long term), which imo are all scams with worse odds than a casino. they are called shitcoins for a reason ffs.

[Joy- maker]

Don't take Shitcoins reason, because Majority of Shitcoins out there are pump and dump projects, and Sincerely speaking Shitcoins are not coins you should be investing your money on for long term, I can remember back then when I invested some hudge amount of money one a shitcoin which I can't really recall the name that particular shitcoin. buddy I bought this shitcoin and left it in my exchange wallet just for 3 months and gest what when I went back to check how the shitcoin performing in the market what my eyes say my mouth couldn't tell, this shitcoin dump and I lost all my money just like that. So my advise to you is to go for the big boy BITCOIN, buy bitcoin a good portion of it and hold for long term 4 to 10 years or longer and you will make good profit,  because bitcoin is a store of value with potential returns.

[Maslate]

If you are using your hard-earned money for investment, then make sure that what you are putting your money is also capable and valuable for its worth. Do not see investing like gambling, because that’s actually the reason why a lot end up suffering from losses instead of seeing themselves having profitable gains.

Shitcoins, whether they’re short-term or for long-term, that won’t matter. Shitcoins will never be worthy of our money, simply because they don’t have clear goals and destination, and are only pump and dump scheme, unlike bitcoin which has already proven its real worth and value for over a decade.

[freedomgo]

Gone are the golden days for shitcoins and meme coins, they may be profitable somehow but now, most of the time they are just the sources of our losses and regrets. So why still bother to invest when we all know we’re all destined to lose with shitcoins in the long run.

Prioritize bitcoin instead. The price may be quite expensive but we aren’t buying the whole portion of bitcoin in the first place, so for me, just get rid of shitcoins and even meme coins, invest in long term with bitcoin.

[tottong]

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.

It's not even recommended to initiate financial change through shitcoins or meme coins, as this can have negative consequences due to the lack of fundamentals.
Most people get caught up in certain situations because influencers claim they've successfully doubled their money in these coins, creating excessive hype that encourages ordinary people to get involved in these coins.
In my country, there was a commotion because influencers managed to make a lot of money in these coins, which influenced the public, who ultimately became obsessed with the hype and became caught up in this issue.
If you want to change your life for the better in crypto, you should try investing in Bitcoin, because even though it's slow, it's far more fundamental.

[Swordsoffreedom]

Gone are the golden days for shitcoins and meme coins, they may be profitable somehow but now, most of the time they are just the sources of our losses and regrets. So why still bother to invest when we all know we’re all destined to lose with shitcoins in the long run.

Prioritize bitcoin instead. The price may be quite expensive but we aren’t buying the whole portion of bitcoin in the first place, so for me, just get rid of shitcoins and even meme coins, invest in long term with bitcoin.

If you follow the market in recent days, especially the BSC ecosystem when BNB continuously reaches new ATH, there are many memes, shitcoins increase x5, x10 or even x100 like meme $4. So I think shitcoins and memes are still the same as ever, they never had a heyday and will never completely disappear. They are part of this market but investing in them is like gambling not investing.

For me, only gamble with them if we are experienced and willing to take the risk. Otherwise stay away from them and just focus on bitcoin and top coins like ETH, BNB, SOL.

[ODG001]

Shitcoins are the reasons so many new investors and people who know nothing about the crypto world say it's a scam

Imagine when a novice getting to know about crypto for the first time is introduced to shitcoin and he/she buys and decides to hold long-term, the disappointment will be unmatched

Shitcoins are called shitcoins for a reason.

[Onyeeze]

The subject of your topic is totally accurate because when you invest in any coin that does not have a value on the process of holding the coin it may die off, the value can be reduced in the market if you it does not have a good sponsor, that will make the coin not to have value, so whenever anyone wants to invest in any Shitcoins, the person should try to investigate about the coin very well to know if the current can be volatile, before the person go into investment, so we should understand that investment of coin especially all this Shitcoins, is very risk because you may invest today and tomorrow the coin will be out of market so it is better for you to invest in a coin but have a value so that the time of holding it will increase for you to make a profit in future, another thing that is important is that when investing in Shitcoins make sure that you hold it for short term not long-term

[Sanitough]

If you don’t see it profitable even for short term, then the more that you have to avoid it for long term. Or better yet, just avoid taking risk with shitcoins at all cost. I am not saying this based from my personal experience, but this goes for general. Shitcoins are just distractions, now if you’re weak you’ll lose, but if you’re brave and determined, you’ll end up evading shitcoins and focus on bitcoin, that’s making more sense.

DYOR and learn from shitcoins early investors. You may experience small profits, but will lose an amount you never expected. So invest wisely and avoid shitcoins.

[stadus]

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.

I have also tried investing in shitcoins and memecoins. Some were profitable, while others were really trash. Even in a very short time, you could lose your money. It's not impossible to make a profit from memecoins, but choosing the right ones is not easy.
However, what I believe is that holding memecoins for the long term is not suitable. They just come, grow quickly, and then disappear. If you are not someone who is always ready to trade, then shitcoins and memecoins will never be suitable for you.

Shitcoins and meme coins are not actually designed to make us profitable in the long run. In short, they are just profitable when they are hyped, but once it’s gone, they also end up wither and die eventually, and leave us losing and regretting. That is the reason why these kind of coins do not deserve risking our money, whether it’s short term or for long term goal.

[happybitcoinph]

He advised me to invest in some shitcoins, that I should forget all the big boys up there (BTC, ETH) saying it was for rich and wealthy people. 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.

SOL and TON are shitcoins for you? Well, if that's your judgment, then so be it.

But reading your story, I think it's not the shitcoins you are referring to that are to blame for why you end up losing money, but rather yourself. Charge that to experience and next time. decide on your own how you will spend your OWN MONEY.

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

From the very start, trading is risky.

Not because you weren't able to earn profits from those coins you bought, you can call it SHITCOINS right away.

Practice mate.