Topic: Be careful of shitcoins - page 4. (Read 981 times)
It clearly shows that you did not take the research seriously and that cost you your money from investing in such shitcoins. Why not invest on top coins or those coins which you can earn profit. I already tried investin on a bankroll of a gambling site. Why not also try investing on a bankroll maybe you'll earn profit there. Knowledge is power.
Before investing in any altcoin you must research by own and don't go for new launched altcois.Actually Shitcoins are now increasing rapidly.So if you want to safe from them you should invest in top 40-50 coins from Coinmarketcap.
I also got victim of investment in shitcoins. One of my friend was a trader and he used to trade in low cap coins as he believed that low cap coins gives more profit. I invested in few such coins and those coins never recovered their prices after the dump.
If you want to be 100% safe in this altcoin trading, then invest only in top 20 altcoins.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
It's a hard lesson to take but but you need to move on and be a better investor, still many people are not aware that there are a lot of coins in the market that was just launched to take away your investment, these projects do not have a platform or a services to speak of, they are copy of of past dead projects, this is something that people newbies and old to be aware of.
Bitcoin's the market leader of course. So, unless you'd want to diversify in crypto, just stick purely with anything that has BTC on it instead.
Otherwise, you've got to really do your research if you'd like to invest with altcoins (be smart enough to understand the real ones from the shitty ones), since no altcoin has ever exceeded the success of Bitcoin.
At least, not yet as of the moment.
Otherwise, you've got to really do your research if you'd like to invest with altcoins (be smart enough to understand the real ones from the shitty ones), since no altcoin has ever exceeded the success of Bitcoin.
At least, not yet as of the moment. I believe this could be helpful for some people here on this forum as I falled into shitcoin trap. I could not believe I can lose my whole fund in just a little time and I want to use this forum to advice the newbies to be careful of shitcoins. I hope you all know how dumped price can wreck the funds of people that invested in such coin.
The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
Investing on the wrong coin, have taught me a big lesson that I can't forget so easily. If I should invest in any altcoin now, if have to be trading already for at least 2years and above before I think of investing into it. By then, I would have gotten to know the actual value of the coin, also analyze her highest and lowest price on cmc. Whether it's a shitcoin or not.The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
Almost all of the altcoin I have in my portfolio, it's taking them year's before the go above their ICO price even after their price reduce tremendously
The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
A wiser move would supposed to be investing within this time frame because this is the time where most of the investors did not dump their coins yet. But unfortunately, you already invested on the time when the coin is considered a sh*tcoin already. From $0.0145 to $0.0004 and going down to $0.000002, the trend continue to fall down and I don't think it will bounce back. I feel sorry for you but I think you should sell now even if it's hard. At least you able to cut your losses somehow.
So next time, don't invest in new token or if you really are into alts then at least dump fast
. Good luck.
I see on their telegram group, they are still active and has a plans to being relisted on HitBTC. Since this project not died yet, maybe OP still have a chance to get your money back someday. Of course, relisted on HitBTC wouldn't guaratee the price will be back, if their development was good in the future maybe it will happens. Take every chances if you can sell it.
Why don't you invest with the best coin and forget these shitcoins all over the place?. Currently I have been warned about trading altcoins and investing with the altcoins because of their nature. Don't be fool by what you see during their pumps, always sell off your altcoins portfolios when there is a sign of dump. Many of my.investment with some altcoins last few years, I hold against any slight opportunity and sell for profits but my last journey was a blast as i lost huge amount to MDT coin. Always do your thorough research before making any step to invest with the altcoins, always think Bitcoin first.
Topic name is misleading. Instead of "being careful in investing in shitcoin", one should be aware of investing without examining an altcoin.
Same can be said about bitcoin - I've bought it in January 2018, when the price was about $20k, and not it is $9.3k.
OP is an excellent example of how not to invest. METP - Metaprediction. Price prediction platform. The idea is not even close to being new in cryptocurrency. You should have googled more. Based in info on their webpage, this project is young (they are about to release alpha in this quarter according to roadmap), and maybe they still have a bright future. Maybe it is early to panic. (but according to coinmarketcap, price is already dumped during may, sorry).
Same can be said about bitcoin - I've bought it in January 2018, when the price was about $20k, and not it is $9.3k.
OP is an excellent example of how not to invest. METP - Metaprediction. Price prediction platform. The idea is not even close to being new in cryptocurrency. You should have googled more. Based in info on their webpage, this project is young (they are about to release alpha in this quarter according to roadmap), and maybe they still have a bright future. Maybe it is early to panic. (but according to coinmarketcap, price is already dumped during may, sorry).
In my opinion, almost 80 percent of all altcoin are shit coins. I would never recommend anyone to think about altcoins other than the top 50 listed on CMC. I am sure most of the members will agree to it. There are few altcoins that are listed above the top 100 list but you need to analyze those coins properly before investing in them.
Before investing in any altcoin you must research by own and don't go for new launched altcois.Actually Shitcoins are now increasing rapidly.So if you want to safe from them you should invest in top 40-50 coins from Coinmarketcap.
There are many risks involved in trading shitcoins they're almost scammed It doesn't take long for currencies to fall Bitcoin is that the best currency to trade the crypto market and its demand from other currencies is large. The shitcoins are slowly losing their existence Everyone has reduced their use of it for his or her own protection in doing business These shitcoins are far below the flat market.
There are many risks in trading or investing on shitcoins, I can still remember vividly when I invested on a shit coin that later became dead too, it is better to invest on strong coins like bitcoin that can not be pumped and dump in a way it will become dead because it has high marketcap. Infact, one of the most lucrative scam in vogue is pumping and dumping coins, new coins fall into this category. I checked about metaprediction coin online like five minutes ago, and I have fast noticed that it is just a pump and dump coin. Many investors and traders would have lost after buying the coin.
Most of shitcoins fail to reach 20% of the maximum rise it reached, so be careful when it comes to investing in them and try to cut your investment earnings for a day or a week in the maximum term.
Keeping these shitcoins for longer time means losing your money and therefore you are betting on the developing team that will sell at any height.
$ 100 is a good lesson to learn from in the future.
Try to buy a currency listed on more than one platform to be able to withdraw if any problems occur.
Keeping these shitcoins for longer time means losing your money and therefore you are betting on the developing team that will sell at any height.
$ 100 is a good lesson to learn from in the future.
Try to buy a currency listed on more than one platform to be able to withdraw if any problems occur.
I believe this could be helpful for some people here on this forum as I falled into shitcoin trap. I could not believe I can lose my whole fund in just a little time and I want to use this forum to advice the newbies to be careful of shitcoins. I hope you all know how dumped price can wreck the funds of people that invested in such coin.
The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
It's always a need to research and research before investing. So, always be on the look, follow the project's social media platforms before making any investment.
I invested in ICO before and spent more than $100. They had sig campaign handled by known BM here so I thought that project was solid. Never got back the money. All lost. So I think the OP got his lesson as well. But on his case, it is already existing coin, he should have studied the price trend. But anyway, all of us have their own share when it comes to failure in crypto investments. Our mistakes will give us more awareness the next time around.
When I was new to cryptocurrency. I've already heard people talking about a new coin that can have a fair match with bitcoin. Luckily, I didn't believe those and instead did my research although I did my alt invested but didn't go as they have directed.
I was near into that trap and that's why I've learned that it's always bitcoin is the best crypto to invest.
I was near into that trap and that's why I've learned that it's always bitcoin is the best crypto to invest.
it is not so much about the coin you chose but about what you did. and what you did was to "invest" in an altcoin instead of "trading" it.
altcoins have existed for many years, a little less than bitcoin. and in all this time none of them have proven to have any long term potential. majority of them die and the rest that remain alive are always declining in price even though they may have some moderately long period of pumping and keeping their price up.
so when you "invest" that means you think that coin has long term potential whereas it really doesn't. but when you "trade" it means you only get involved with that altcoin during its pump and when it is hyped up and more importantly exit by dumping it before others dump. that way you protect you money while increasing it.
altcoins have existed for many years, a little less than bitcoin. and in all this time none of them have proven to have any long term potential. majority of them die and the rest that remain alive are always declining in price even though they may have some moderately long period of pumping and keeping their price up.
so when you "invest" that means you think that coin has long term potential whereas it really doesn't. but when you "trade" it means you only get involved with that altcoin during its pump and when it is hyped up and more importantly exit by dumping it before others dump. that way you protect you money while increasing it.
I believe this could be helpful for some people here on this forum as I falled into shitcoin trap. I could not believe I can lose my whole fund in just a little time and I want to use this forum to advice the newbies to be careful of shitcoins. I hope you all know how dumped price can wreck the funds of people that invested in such coin.
The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.
Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.
It's always a need to research and research before investing. So, always be on the look, follow the project's social media platforms before making any investment.
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin
Technical analysis is useless with shitcoins. TA predicting future by observing past market action. New shitcoins don't have past action or have so little of it that you cannot do anything with that data.
What you have to do is check their site see if people involved are clean or maybe they used to run ponzis in the past. You can also look at fundamentals. What that coin is supposed to do. Is it unique or another clone of an existing coin.
Those are the common traps on the market in the first place why you bought that coin? There is a reason behind on it, I guess someone told you or you saw someone bought this coin and someone talking about this coin that they earn profit as you want to earn more income you will buy those coins too and in some instance you lose your profit and earning on this coin.
Those are the probably happens to the people who try to make an investment to a new coin we cannot make sure that this coin will provide us a good market income or profit because it is just starting sometimes they become successful but not immediately just take time and always take a look about the market movement this is a lesson learned to you that you need become prepared and not just bought a lot of coins does not sure that you can earn.
Those are the probably happens to the people who try to make an investment to a new coin we cannot make sure that this coin will provide us a good market income or profit because it is just starting sometimes they become successful but not immediately just take time and always take a look about the market movement this is a lesson learned to you that you need become prepared and not just bought a lot of coins does not sure that you can earn.
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