Never invest in Shitcoins for long term

[Oluwa-btc]

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.

Shitcoins are usually risky investments,created after the rise of Bitcoin, they're are of little or no value.Lately, everyone becomes interested in investing in cryptocurrency(Shitcoins), forgetting that they rarely hold any long term value.To avoid investing mishaps,I believe everyone should make a proper and constructive research over their respective choices for investment.

[Stable090]

Shitcoins are usually risky investments,created after the rise of Bitcoin, they're are of little or no value.Lately, everyone becomes interested in investing in cryptocurrency(Shitcoins), forgetting that they rarely hold any long term value.To avoid investing mishaps,I believe everyone should make a proper and constructive research over their respective choices for investment.

I see no reason why you should invest in shitcoins for long term, we are suppose to even avoid shitcoins, so why will anyone even choose to hold shitcoin for long term. Most people that invest in shitcoins are doing for the sake of money, they are the people that believe they can make quick money from crypto, and they think they can only achieve that through shitcoin investment. If you notice bitcoin price is always increasing gradually, so you can’t invest in bitcoin, and you will expect it to  multiples  within few days.

It’s only shitcoin that can do 5X within a short period of time, and that’s just want most people are always looking for. They know it’s only shitcoin that can do that, but they always ignore the risk involved in it, and most people do always end up losing money at the end. We all should know that shitcoins are just hyped, when there is hype, the price will keep on increasing, but immediately the hype dies down, the price will drop.  Just few set of people do make money from shitcoins, and after making profits in a shitcoin, you might end up losing everything you have made before if you invest in another one.

[M47AK16]

Never invest in Shitcoins for long term

Basically and as far as I know, only beginners often trade on pump and dump schemes, namely Shitcoin, for us Shitcoin is trash that has no value in the crypto market. What's more, Shitcoin is often considered a fraud, of course Shitcoin is our type to choose as a trading asset, investment and so on.

For me, in the crypto world, there are only two types of crypto that can be taken as trading assets in the crypto market, namely Bitcoin, Ethereum and BNB, although there are several others, but there are only three choices for me to use.

As far as I know, most shitcoins are created for certain purposes such as fraud, many shitcoins have died in the crypto market, for this reason shitcoins are not a suitable type for trading.

Unfortunately there are a lot of "veterans" or simply people who have been around, that falls for these shitcoins too. Because they do not understand that they are investing into a shitcoin, that's the issue. I have seen so many people think that anything outside of top 20 as "potential", if it's outside of top 20, then it's likely to be a shitcoin, so focus on that part.

I believe that is not going to be an easy task at all. We need to realize this is going to be a problem for most people and we should make money from these shitcoins quickly based on their idea, but they end up losing instead. So ignore these, and look at only the top ones and you could make some great money from them, because those are the real ones.

[Powerjumboo]

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.

If you understand something in exchange for some losses, then I think you have understood and understood it best. It is often said that you should not invest in shitcoins/meme coins other than Bitcoin, but most people do not follow this, they think that investing in shitcoins/meme coins will give more profit. Most of those who have this kind of mentality are victims of losses like you. Always remember one thing, some of the best coins including Bitcoin can be invested, moreover, investing in shitcoins/meme coins will have to be lost. I think the person who advised you does not have enough knowledge about crypto currency, if he had enough knowledge, he would never give you such advice. However, since you have understood it yourself through your losses, from now on you correct yourself and invest in Bitcoin. I hope you will not be lost again in the future because Bitcoin is just a little currency that will definitely succeed in the long run.

[laijsica]

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 experience of most small investors is consistent with yours. I bought the much hyped shitcoins in the early days of the crypto space with the lure of high profits and made a significant profit at that time but later lost most of the capital along with the profit. I learned from that situation that most shit, even though it shows the lure of profits is a form of gambling. Also most meme coins while promising high returns are not suitable for long term investment.

Bitcoin is the best for long term accumulation.

[btc_angela]

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.

Shitcoins are usually risky investments,created after the rise of Bitcoin, they're are of little or no value.Lately, everyone becomes interested in investing in cryptocurrency(Shitcoins), forgetting that they rarely hold any long term value.To avoid investing mishaps,I believe everyone should make a proper and constructive research over their respective choices for investment.

And that's why they are called like that, because they don't have anything to offer in the market. No use case, except for developers to make money and then work with some individuals for pump and dump of their shit coins.

For us who have been longer then, we all know that this shit coins are. The thing is that there are individuals who still invest on them and think that it's the solution for them to become rich. Yeah, maybe just few persons who got lucky, but it's not for everyone and as what the majority is saying, it's going to get you rekt in the long term.

[Qastessa]

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.

Yeah, most of these shitcoins are just traps for new investors. They come with big promises and hype, but after some time they disappear and people lose their money. Many of these projects only care about quick profit, not long-term value.

Memecoins and shitcoins almost same only, maybe few are different, but still very risky. People should not just follow influencers or hype. Better to do your own research and invest only what you can afford to lose. In crypto, being smart and patient is more important than being fast.

[Lanatsa]

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.

Yeah, most of these shitcoins are just traps for new investors. They come with big promises and hype, but after some time they disappear and people lose their money. Many of these projects only care about quick profit, not long-term value.

Memecoins and shitcoins almost same only, maybe few are different, but still very risky. People should not just follow influencers or hype. Better to do your own research and invest only what you can afford to lose. In crypto, being smart and patient is more important than being fast.

Shitcoins are exactly what their name suggests flashy projects built mostly on hype and greed rather than real value they pop up every day promising massive returns or the next big breakthrough but most of them are designed to trap inexperienced investors they look attractive because of fast price movement and social media buzz but behind that noise there’s usually no solid utility team transparency or long term vision once the hype fades the developers vanish and the investors are left with worthless tokens.

Memecoins fall into almost the same category though a few like Dogecoin or Shiba Inu managed to survive longer because of strong communities they still carry the same risk because their value depends more on social sentiment than on actual use cases it’s dangerous when people treat these coins like serious investments just because influencers or celebrities promote them most of those promotions are paid and once the price pumps the early insiders dump leaving others holding losses. The only way to stay safe in this space is by doing your own research and never trusting hype or promises check the project’s whitepaper team history token distribution and roadmap if those things don’t add up it’s better to stay away investing only what you can afford to lose should always be the golden rule in crypto.

[HistoLock]

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.

Yeah, most of these shitcoins are just traps for new investors. They come with big promises and hype, but after some time they disappear and people lose their money. Many of these projects only care about quick profit, not long-term value.

Memecoins and shitcoins almost same only, maybe few are different, but still very risky. People should not just follow influencers or hype. Better to do your own research and invest only what you can afford to lose. In crypto, being smart and patient is more important than being fast.

Most of the time people get caught in Shitcoin because Shitcoin will not be good for long term investment. I think those who are very prudent and very knowledgeable can only profit from Shitcoin but not always. You mentioned beginners it will be very risky for beginners and they will not even understand how they faced losses so I would say it is very dangerous for beginners. But many people follow the experts but I would say if you want to be experienced then you should go at your own pace because the experts know where they can make money but since you are new you should first gain experience and then invest then it will be good for you. But I think Shitcoin will never be profitable for beginners so it is always better to stay away from it. I currently do not find Shitcoin profitable or interested in investing here because I have lost money here before so I do not want to fall into this trap again.

[Wakate]

Yeah, most of these shitcoins are just traps for new investors. They come with big promises and hype, but after some time they disappear and people lose their money. Many of these projects only care about quick profit, not long-term value.

Memecoins and shitcoins almost same only, maybe few are different, but still very risky. People should not just follow influencers or hype. Better to do your own research and invest only what you can afford to lose. In crypto, being smart and patient is more important than being fast.

We still have some memecoins that are good to invest since the team has good intention without the motive of launching and rug pulling the project as soon as profits are made. The problem of most investors is that they don't care to make research which is a way to cancel bad projects from getting into our portfolio. The power of researching helps you to check if any of these memecoins have the backup of whales that are ready to hold for as long as possible. Do you research and make sure you don't fall victim to cheap patterns of luring investors.

[Mehmet69]

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 experience of most small investors is consistent with yours. I bought the much hyped shitcoins in the early days of the crypto space with the lure of high profits and made a significant profit at that time but later lost most of the capital along with the profit. I learned from that situation that most shit, even though it shows the lure of profits is a form of gambling. Also most meme coins while promising high returns are not suitable for long term investment.

Bitcoin is the best for long term accumulation.

I agree with you. It's not just his or your experience. All newbies in the crypto world have been victims of the same situation. When I was new, I also thought that it was very easy to make money in crypto. I thought that if I invested in shitcoins, I would get good returns after a while. But I lost most of my money. When I learned the difference between shitcoins and Bitcoin, I stopped investing in shitcoins. Investing in shitcoins is just a waste of time. Bitcoin is the best option for digital investment.

[IceLincoln]

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.

This is a lesson some of us have had to learn and some have to learn from the experiences of others. I feel what causes this is the lack of good knowledge and information out there, people just make do with what they’ve been shown or taught, this wrong informations have a way of spreading more than the good tangible knowledge out there. No matter how much you’ll advise people to stay away from shitcoins and some Altcoins you’ll find that people are still getting attracted to them (their pull force is always strong).
The major drive for this is always quick profits and high gains but they don’t tell you you can also lose your money as quickly as you can make gain.
But I think once you’re a member here in the forum and you get to spend time reading and exploring here you’ll know better.

[Baki202]

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.

Shitcoins are usually risky investments,created after the rise of Bitcoin, they're are of little or no value.Lately, everyone becomes interested in investing in cryptocurrency(Shitcoins), forgetting that they rarely hold any long term value.To avoid investing mishaps,I believe everyone should make a proper and constructive research over their respective choices for investment.

The danger associated with shit or meme coins is something that may be retained for a long time, so as soon as the excitement is still going strong, you should sell. This is the only way to profit from memes; don't hold onto hype because most of them are driven by it. And a lot of people are interested because of that hype. It's crucial to comprehend how this thing operates since I've noticed that they want to earn quick money, and meme coins are what they use as bait. Don't be shocked if you see the price drop after you buy.

The majority of us have tried meme, but it didn't work out for us, and the experience is crazy because, in my opinion, trading meme is just gambling because you could get liquidated and lose all of your money. It's crucial to know this so that you don't spend all of your money on meme coins because trading them carries such a high risk. All this things are things that are suppose to be understood because if you don't know how meme works the I think the person will eventually learn the hard way.

[Agbam]

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.

Yeah thank you for your advice. I’m beginning to think everyone who has been in the crypto space at one point or the other must have messed with shitcoins or heard about it from someone else. It’s good I shared here cos now I see that top guys like you also had similar experiences, I’m understanding the crypto space better.
I’ve stopped wasting my time on those drops, I noticed it was only profitable to the developers and their teams, just changes they drop for us. I’ll keep holding on my sol for now and I’ll add some other top Altcoins. With the next free cash I’ll get, I’ll start my bitcoin accumulation journey.

[Fara Chan]

<<<

Shitcoins are usually risky investments,created after the rise of Bitcoin, they're are of little or no value.Lately, everyone becomes interested in investing in cryptocurrency(Shitcoins), forgetting that they rarely hold any long term value.To avoid investing mishaps,I believe everyone should make a proper and constructive research over their respective choices for investment.

Investments do require careful consideration because the asset choice for investment is usually chosen because it has proven resilient and has strong fundamentals, making Bitcoin a viable long-term option. Bitcoin consistently has stronger volume than other coins, as interest in Bitcoin far outweighs any other shitcoin. However, some people who exploit shitcoins for short-term profits shouldn't be considered misguided, as they understand that shitcoins are something that can be exploited temporarily and will eventually return to Bitcoin, and the profits from exploiting shitcoins can also be used directly to buy Bitcoin.

[Triffin]

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.

Oh wow, sorry to hear that, yeah shitcoins does that unfortunately. I hope that you recovered very well after that. I have not invested heavily into any shitcoins thankfully, I try to avoid them like the plague and I do not see the benefit of them at all.

The best way to improve for me is to make sure that I can see them get better with time ,and as long as I can do that, I have no worries at all. It's clear that we are going to see things change, and for that reason alone, there is no need to invest into shitcoins since big names are getting bigger. Bitcoin itself is better than any shitcoins, at least you will not lose all your money. These people just want to make a ton of money with whatever they have.

[Wakate]

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.

[Marvell1]

We still have some memecoins that are good to invest since the team has good intention without the motive of launching and rug pulling the project as soon as profits are made. The problem of most investors is that they don't care to make research which is a way to cancel bad projects from getting into our portfolio. The power of researching helps you to check if any of these memecoins have the backup of whales that are ready to hold for as long as possible. Do you research and make sure you don't fall victim to cheap patterns of luring investors.

Indeed, not all memecoins are scams and will disappear one day. Doge is a special case and we don't need to mention it anymore but there are still many memecoins like Floki, Shiba, Pengu or Bonk. They are all memecoins but let's see how they survive and grow in the market. Even 2 out of 3 of them have their own products, utilities and ecosystems, they are really serious about their projects. So it would be unfair to lump them together with other trashy memecoins.

And you are right, the problem lies with the investors and no one else. If they were not greedy and did not disregard research, they would never have fallen victim to such scams.

[Olatundespo]

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.

[Polkeins]

Yeah, most of these shitcoins are just traps for new investors. They come with big promises and hype, but after some time they disappear and people lose their money. Many of these projects only care about quick profit, not long-term value.

Memecoins and shitcoins almost same only, maybe few are different, but still very risky. People should not just follow influencers or hype. Better to do your own research and invest only what you can afford to lose. In crypto, being smart and patient is more important than being fast.

We still have some memecoins that are good to invest since the team has good intention without the motive of launching and rug pulling the project as soon as profits are made. The problem of most investors is that they don't care to make research which is a way to cancel bad projects from getting into our portfolio. The power of researching helps you to check if any of these memecoins have the backup of whales that are ready to hold for as long as possible. Do you research and make sure you don't fall victim to cheap patterns of luring investors.

Let's be honest, 99% of projects on the market is a scam and most of them will be worth $0 in the long run.  
Meme coins are much more honest than many altcoins because they don't try to hide the fact that most of their projects are just a joke, and they don't strive to be like many altcoins that try to attract investors' money to become the “new ether” or “next solana,” but in reality, 99% of people will lose money on them.

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)