Never invest in Shitcoins for long term

[Awaklara]

OP, your mistake is to invest according to other people's advice. So experienced people say you should invest by doing your own research. Among the coins you mentioned, SOL is not bad, it has been in the market for a long time. And you mentioned a few memecoins and shitcoins, which are not suitable for long-term hold.
However, hopefully you've learned from mistakes. Now if you want to make long term investment then focus on Bitcoin. If you invest in Bitcoin and hold for a long time, you can expect to make a profit and your investment will not be so risky.

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.

[fuguebtc]

This is something i learnt very early on in my crypto journey, altcoins are short term projects. Hodl most of them for too long and you basically turn into a bagholder. The reason why altcoins should be held for the short term is because most of them have no utility, they are sustained by only hype and hype can only last for sometime, so once hype dies, the projects goes with it.

That said, if you invest in altcoins and you are lucky to accrue ROI, you should sell it ASAP, don't get greedy and wait for a longer time, in the hope that it would keep on pumping, it won't and there is a reason they are called pump and dump coins. After the pump, comes the dump.

Not all altcoins are useless, there are many altcoins that have utility, use cases, real world applications. But it is not advisable to invest in them for long term as they are centralized projects and we cannot predict the greed of their creators and developers. They can destroy and abandon the project at any time if they become greedy and leave us with unexpected losses.

Also, not all altcoins are going to die or disappear. We should accept the fact that there are many altcoins that have existed and will continue to grow along with bitcoin. The cryptocurrency industry is more than just bitcoin and it cannot thrive without altcoins. For example, ETH, LINK...they even play an important role in the development of the cryptocurrency industry as well as connecting with traditional finance.

[Josefjix]

I hope everyone will come to realize this but many will still fall victim because of newbies coming into the space everyday. Every newbies will have to learn the hard way before coming into their right senses.

The problem is that, they feel they could get rich immediately by following those feeding them with wrong information. When their plan fail, they start to research and find out themselves especially for those that still love the space, the ones that have less passion quit right away.

[batang_bitcoin]

How many experiences does people need to hear and read before they stop investing into them? I have held some but fortunately dumped them already before they have turned into liability on me.

I hope everyone will come to realize this but many will still fall victim because of newbies coming into the space everyday. Every newbies will have to learn the hard way before coming into their right senses.

We wish that there will be no more victims that will fall for them. But, newbies come to the market everyday and these developers and marketers will come to get them by and will attract them still.

[justdimin]

The shit coins lure in investor by giving them a cheap price. People think that they will get good return by investing small money and that's where they made mistake. Majority of shitcoins never give any good result but people still keep investing with hope of getting good ROI over small investment.

IMO if you have made up your mind of investing in coins other then bitcoin then choose top 10 Alts listed on cmc and thar too for short term i.e. invest and quit as soon as you see good profit.

I don't think it is necessary to invest only for short term in these top 10 listed coins. These top coins have potential and also a huge volume backing their rankings so it is not bad to trust these coins with long term holdings.

Short term holdings can be for those coins who either are recently created or are backed by no actual real world product. Investing even a small amount there can make us earn really good profits but only a couple of such coins from hundreds will succeed. Remaining all will end up rug pulled or dumped for pennies. I personally would prefer holding top 5 coins for a very long term. In fact I'll just buy those and save the keys in some safe place and completely forget about the investment.

[Roseline492]

We wish that there will be no more victims that will fall for them. But, newbies come to the market everyday and these developers and marketers will come to get them by and will attract them still.

Even if there was no newbies shitcoins will still get to a lot of people, if shitcoins participants were to be visible you might even see non newbies to be the highest among all because there are people who revolve only on shitcoins, it wasn't because of unaware of the risk but they just want to do what every other experience people feared so that they will be able to create some fact that shitcoins are good but no matter the amount someone is lucky to achieve in any shitcoins isn't going to make it good because is like gambling that first wining doesn't open a way for another wining to come. so actually if this wish was possible that would have been the first wish of everybody.

[batang_bitcoin]

We wish that there will be no more victims that will fall for them. But, newbies come to the market everyday and these developers and marketers will come to get them by and will attract them still.

Even if there was no newbies shitcoins will still get to a lot of people, if shitcoins participants were to be visible you might even see non newbies to be the highest among all because there are people who revolve only on shitcoins, it wasn't because of unaware of the risk but they just want to do what every other experience people feared so that they will be able to create some fact that shitcoins are good but no matter the amount someone is lucky to achieve in any shitcoins isn't going to make it good because is like gambling that first wining doesn't open a way for another wining to come. so actually if this wish was possible that would have been the first wish of everybody.

You're right, they're not only for newbies but also for those who have been in the market for so long. Those who are trying their luck with these types of coins. They're the ones who patronizes these and trying their luck if they're going to make it. I often see these people justifying what they are buying and even showing the numbers and calculations that there's more gain to it. While they could be right but it's more of luck than of the real strategies that they can apply when they search and trade on these.

[GiftedMAN]

I hope everyone will come to realize this but many will still fall victim because of newbies coming into the space everyday. Every newbies will have to learn the hard way before coming into their right senses.

The problem is that, they feel they could get rich immediately by following those feeding them with wrong information. When their plan fail, they start to research and find out themselves especially for those that still love the space, the ones that have less passion quit right away.

Those who have the opportunity to come across various informations that has been passed here will learn not to put in their money into shit coins for a long term some will learn from the mistakes of others and to the newbies that were unable to get the information earlier they will still fall victim because they have no idea of what they are investing into.

The ideal they have is the get rich quick idea which is why they don't check the future of the projects before investing and those that share informations to them but once they lose money they will be forced to do a personal research to know the best thing to do or they run and never try again.

[Issa56]

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.

If anyone ask you to invest in some shitcoins, then you should know that the person doesn’t like you, and the person is not a professional. Why will anyone even tell you to avoid BTC, and you should invest in shitcoins, you should know that the person was just setting trap for you. Even if you are not rich, you can still invest in bitcoin and you will have peace. The risk involved in Investing in all those shitcoins is high, you can easily lose your money after investing.

You were asked to leave those coins in your wallet till during bull run, you should know that some coins will never bounce back, whenever some of this shitcoins start dumping, they going to just keep on dumping and will never bounce back, that’s why investing in shitcoins is just risky. Shitcoins are pumped by hype, and immediately the hype dies down, mostly the coin does end up dumping and will never recover.

[Agbam]

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.

Sincerely speaking, what you call shitcoins are other people's gems. After all, there are people (even here) who call ETH a shitcoin. Are you surprised at that? Well, it's true. The Bitcoin maximalist don't regard anything that's not Bitcoin as an investment to hodl. On the contrary, I've a friend who doesn't have a single satoshi. I've tried convincing him to invest in Bitcoin but dude won't budge.

A few days ago, I listened to one of Nigeria's top crypto influencers who in the recent past advised his mentees to only investment in "strong utility" based tokens make a U-turn on that. Now, he's of the opinion that narratives beat utility. So, to him now, the so called shitcoins are worthy investments that can bring in nice ROI. I think he didn't lie on that.

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.

Don't give up on those cryptos. Alts season isn't upon us yet. We're still basking in the Bitcoin season. Alts rally will commence when Bitcoin dominance dwindles. If it makes you any glad, I'm still hodling Notcoin, Ton, and Sol; though in small portions and in expectations that they will bull this alts season. I expect that to happen in 2026.

Do you think there’s still hope for these coins, And there’s still gonna be a bull run for Altcoins but already some of them are rising with the upward trend of bitcoin. So Altseason begins when bitcoin stops pumping and this other coins starts rising and you expect this to happen next year….. okay. I still have some notcoins and others available though their values aren’t worth anything now so I’ve kept them, waiting for it to disappear lol. I converted some tho.

[Finebone]

If it is not long-term, then it is not an investment but trading, so shitcoisn is only for trading, not for investment. Shitcoins can indeed provide very large profits, but there are also traders who incur losses because of it, so be careful as you might end up being one of those who lose.

One thing most people have fail to understand is that anything you do, that you can make a whole lot of money in a very short period of time, just know that you can easily lose a whole lot of money in a very short time also, and the way shit coin are, they are not meant to stay in the market for long.
If you are lucky enough to buy very early, you might make something big out of it, but anything that makes you buys late, just know that the probability of losing your money is very high.
They are created for gambling purpose, so they lives on hypes alone, so once the hypes is gone, that's when it starts dieing a natural death no matter what Bitcoin price is doing, so we should try to avoid investing in shit coin, but if we must do, we should treat it like gambling, gamble with an amount you can afford to lose.

[Nightwatchmare]

Investing in shitcoins is the same thing as gambling because you can put your money in shitcoins now, and you will be liquidated in the same minute, and you will never recover your money. The only time you can invest in shitcoins and you will be lucky to make money from shitcoins is when you are very lucky to invest in a shitcoin when its market cap is still at $100k. Many people believe that Bitcoin investment is for the rich folks because the price of Bitcoin has skyrocketed, but they don't know there is a strategy called the DCA strategy, which allows both the rich and poor folks to buy Bitcoin little by little with their discretionary income. So if you are interested in investing in Bitcoin, you can use the DCA strategy to invest in Bitcoin with your discretionary income, and you can accumulate a large reasonable amount of Bitcoin if you are consistent and persistent in accumulating Bitcoin.

[Kelvinid]

....
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.

The sad reality is that we tend to trust someone easily because they look trusting. Many were good at words, speaking like an expert, but it was all just pretense. This is why many people easily fall into this trap, because if we listen to them, we can think that they are worth trusting. Unfortunately, things have changed after, and their true color comes out.

That is why we should be cautious when dealing with people, especially in Telegram groups. They are already known as mediums of scam and fraud, and many stories prove this accusation. I think ignoring them and any of this kind of work is the best thing to do.

[Mahanton]

If it is not long-term, then it is not an investment but trading, so shitcoisn is only for trading, not for investment. Shitcoins can indeed provide very large profits, but there are also traders who incur losses because of it, so be careful as you might end up being one of those who lose.

One thing most people have fail to understand is that anything you do, that you can make a whole lot of money in a very short period of time, just know that you can easily lose a whole lot of money in a very short time also, and the way shit coin are, they are not meant to stay in the market for long.
If you are lucky enough to buy very early, you might make something big out of it, but anything that makes you buys late, just know that the probability of losing your money is very high.
They are created for gambling purpose, so they lives on hypes alone, so once the hypes is gone, that's when it starts dieing a natural death no matter what Bitcoin price is doing, so we should try to avoid investing in shit coin, but if we must do, we should treat it like gambling, gamble with an amount you can afford to lose.

Shitcoins really shouldn’t be seen as investments because they don’t have the same foundation or long term value that something like Bitcoin has they are more like quick opportunities that depend mostly on hype and timing than real use cases or technology most of them are created to catch attention make noise and then fade away once people stop talking about them. The truth is if something can make you a lot of money very quickly it can also make you lose it just as fast that’s the reality of trading volatile assets like shitcoins some people get lucky because they buy early before the pump starts but most who come in later end up being the exit liquidity for the early buyers once the hype dies down the price crashes and it’s almost impossible to recover from that.

Shitcoins live on speculation and excitement not real utility or long term vision that’s why they can’t last they are made for short term trading and gambling not serious investing the best thing to do if someone really wants to play with them is to treat it exactly like gambling use only what you can afford to lose and never expect stability or long term growth. If you’re thinking about building wealth or securing your money for the future then Bitcoin or solid projects with strong fundamentals make more sense shitcoins might give you a thrill but they won’t give you peace or lasting profit they come and go with hype cycles so the smarter move is to focus on something real and let the gamblers chase the noise.

[The Cryptovator]

I learnt a lesson a long time ago when I lost 1.5 Bitcoin from the shitcoin. Though the Bitcoin price was low, I can't recall exactly but it was likely around $15K or so. But imagine, if I have that Bitcoin in my wallet, then I must become richer than now. So after that I decided not to invest in any shitcoin, and I have still been following that. Some of my friends are even suggesting investing in shitcoins, but I have been ignoring them. They think their shitcoin suddenly will pump and they will become rich. But I explained to them how I lost funds from the shitcoin investment.

Just forget about the Airdrop you are doing right now; it's not worthy at all. All just are not even shitcoins; they are scam coins, and at the end of the day, you will get nothing from them. Just choose the top ten altcoins from CoinmarketCap. They aren't shit at all; otherwise, you must invest in Bitcoin if you are afraid to invest in altcoins.

[Cryptoprincess101]

I learnt a lesson a long time ago when I lost 1.5 Bitcoin from the shitcoin. Though the Bitcoin price was low, I can't recall exactly but it was likely around $15K or so. But imagine, if I have that Bitcoin in my wallet, then I must become richer than now. So after that I decided not to invest in any shitcoin, and I have still been following that. Some of my friends are even suggesting investing in shitcoins, but I have been ignoring them. They think their shitcoin suddenly will pump and they will become rich. But I explained to them how I lost funds from the shitcoin investment.

Even if the 1.5 bitcoin you lost on shitcoin cost around $15k, it's still a huge amount of money and if you had left it in bitcoins till now it could have been around $180k. Sometimes i used to also feel happy that i didn't invest in bitcoin when the price was so cheap because imagine selling or trading my bitcoins for shitcoins and lost all and now i realize how much it could have been if i had hold it till now, would have just started having severe headache as a result of regrets. Surely, just as your friends, there are many people who pay deaf ears and invest in shitcoins because they feel they can get up to x100 of their investment but they forget to know that those coins are pump and dump which means they might be expecting the price to increase more but it can end up dumping within a short interval of time.

Just forget about the Airdrop you are doing right now; it's not worthy at all. All just are not even shitcoins; they are scam coins, and at the end of the day, you will get nothing from them. Just choose the top ten altcoins from CoinmarketCap. They aren't shit at all; otherwise, you must invest in Bitcoin if you are afraid to invest in altcoins.

Airdrops are the worst thing anyone can engage in because apart from being a shitty project, imagine participating in airdrops campaign or farming and at the end you are given some peanuts of the coins, isn't it a wasted time and effort?
Bitcoin is just the only sure investment to think of rather than some shitcoins and airdrops.

[Wakate]

Just like the name sounds...shit + coins is totally rubbish and can be risky when we invest in these projects because of their possiblity of becoming a rug pull for the community. Memecoins and shitcoins are likely the same although their are exemptions here. Invest wisely and don't listen to any influencer that will want to convince you to invest in new Shitcoins that are created to milk potential investors that are not aware of the market manipulation. We need to be wise and smart in decision making as crypto investors.

[KingsDen]

Op, lemme help you to complete the title "Never invest in shitcoins for long term because it's not gonna rise when it falls"
I have been holding shiba since 2021 that the price crashed on me and yet the dry bone has refused to rise

I learnt a lesson a long time ago when I lost 1.5 Bitcoin from the shitcoin. Though the Bitcoin price was low, I can't recall exactly but it was likely around $15K or so. But imagine, if I have that Bitcoin in my wallet, then I must become richer than now. So after that I decided not to invest in any shitcoin, and I have still been following that. Some of my friends are even suggesting investing in shitcoins, but I have been ignoring them. They think their shitcoin suddenly will pump and they will become rich. But I explained to them how I lost funds from the shitcoin investment.

Shitcoin investors are gamblers. So, if I ever feel like gambling, I'll pick some shitcoins and invest some few bucks in it. It's a two way thing, it's either it's turn to zero or it will X10 Lolz

[Bigjoe33]

Just like the name sounds...shit + coins is totally rubbish and can be risky when we invest in these projects because of their possiblity of becoming a rug pull for the community. Memecoins and shitcoins are likely the same although their are exemptions here. Invest wisely and don't listen to any influencer that will want to convince you to invest in new Shitcoins that are created to milk potential investors that are not aware of the market manipulation. We need to be wise and smart in decision making as crypto investors.

You know that thing they say about experience,, that it is the best teacher? That's it. I have experienced there shit and in my stay while doing the shit investments, it smelled badly. It's so bad that I learnt the hard way, but at least, I have a first hand experience and I learnt enough. Now, they are shit, and shit they will remain.

If I must think investment, or rather, if I must invest, then it's Bitcoin or nothing. If we have a coin that can last for years with an increased value, why would I keep running around shitcoins and memecoins that there future are not promised and are rather unrealistic. After all the lessons experience thought me, its a total waste of my time to involve in that anymore.

I rather stick to Bitcoin accumulation, investing bit by bit from my discretionary income using the DCA strategy, and in few years, with consistency and discipline, I would have stocked some reasonable amount of Bitcoin for my self and future.

[Natalim]

Shitcoins are no longer healthy and profitable these days, so if we can avoid them and stick to bitcoin, that would be the best decision ever. No need to find luck with shitcoins because gone are the golden days for shitcoins and meme coins. They may be profitable but that’s only before, bitcoin is the ultimate goal investment nowadays.

So never take risk with shitcoins, not because they are worthless and no longer in profits, but they aren’t just suitable to live a longer life in the market, and they eventually die and become extinct, which is the total opposite with bitcoin.