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.
Yes, I do. I just invest a small amount. Maybe an average of 10 - 50k satoshi. I know it's a scamcoin but profit is profit. But I don't trade it always, I just trade those coins when I have dust balance left. So guys be careful not to put too much of your investment on these coins or better not invest at all.
10-50K and then make profit? Isn't all of that profit not going to fees? That's a really small amount
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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.
When I was still a newbie trader I consider myself as one of those people that trade those coin. Because I thought that the more I've got, it will be a profitable trading. But as I keep on reading helpful trading guides I realized that I need to avoid those coins but I can say that I earned a little bit there but right now I'm avoiding them.
You need to know when to sell, and when to buy. I guess if you're on the coin early on, there is no real reason to avoid them, if we take a look at PUTIN for example, if you bought for 1-4 satoshis, you would have 50-200x your investment back.