Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.
Do you trade in them? If yes, what kind of volume? Is it worth it?
Would highly appreciate your opinions.
Investing Shit coins is not a good idea to invest in, it wouldn't help us at all. Actually, they are more on hyped only for them to get
investors to buy their coins and it is more on pump and dump only nothing else.
I don't think many people invest in coins with the idea to help "us", and yes, these pump&dumps are the only reason for buying them.
Yes i don't trade with them most of the time but i traded with a coin called tide today on yobit. It was at 285 sat or something and it had the biggest dump and the price came till 1 sat. I bought how much ever i could with 0.2 btc at 1 sat and sold all for 2 sat and some at 3 sat making a profit of 0.5 btc. The price is till 2 sat if you want you can try it now on yobit.
This is most of the trader just away from the new altcoins in the market. If anyone wish to participate in trading altcoins, only eth will only gives decent profit. Other than that none of the altcoin trading will not work. Please do start your trading investment and trading in mostly on bitcoin only, because recently price jumped up and touched the new peak and it will grow higher.
Tsk, You're only trading BTC/USD? The only thing you can currently do is either hodl, or buy more? I don't see that many fluctuations. Some people are dumping, but the price is still steadily raising, right?
I traded with trump long time ago, and I remember I earned on that coin, that was on yobit while I traded there. Now I don`t visit them much and I`m trying to increase amount of ltc, etc, and some other coins that I think that have future. Fact is that some of this shit coins are here for a long time now, and someone is earning on them good probably.
Yup, i think it was the trump/putin coins that really broke through and are still holding their values.
MACRON/LEPEN coins on yobit are absolutely worthless, and they were extremely overhyped. Learned a good lesson there. :/