Do you trade shitcoins? - page 7. | Bitcointalksearch.org

aTriz

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Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

That is an interesting thread, it has attracted my by funny topic Cheesy

We already have some interesting histories here, and I really hope that we will see more people posting here with their insights.

Actually, I do trading with some shitcoins, but just from time to time.
Currently im in at inflation coin, vsync and GPU coin. But obviously I just do this for fun, I dont expect any earnings from it because in most of cases such a coin is going to die.
It is still a nice entertainment for me because i do it quite rarely. I always have thought that trading any altcoins is pretty risky, even with the trusted one like ETH or XMR.

dothebeats

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If I find some incentives on these alts then why not? Besides, it's also free money if a coin is good and not only that, you will have some bit of experience in trading that might help you further your gains in bitcoin trading as well. These alts are made for the sole purpose of getting more btc; rinse and repeat.

KuromaYoichi

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I've tried to trade shitcoin, but the price movement really depend on pump and dump that you'll never know when will happen. Yobit is the home of shitcoin if you wanna try your luck but i don't recommend it, if you want to try, never bought a recently pumped coin. And if you want to gain money from pump and dump in the first place, you can check fair pump, try to watch their pump activity and join the next week if you believe you can gain any profit from there.

AdolfinWolf

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Quote from: Reid on April 30, 2017, 02:31:28 PM

I did and thank God it went well after that risk.
This things just takes a little time before getting out and killing the coin all of a sudden.
If you want to profit from this kinds you would need a lot of time to monitor it just for 24 hours.
Look for the right time to buy and make sure there will be profit. Even for a hike of 5 satoshis it should be enough

What's the deal with putting up sell orders at a number where you will make X amount% of profit?
It seems like people are really disgusted if you put up these walls, because it is going to stop the pump,
but i don't have time to monitor it 24h.

Isn't there an app which monitors coin prices, and could alarm you if the coin goes past a certain price? Like an alarm clock?

Reid

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I did and thank God it went well after that risk.
This things just takes a little time before getting out and killing the coin all of a sudden.
If you want to profit from this kinds you would need a lot of time to monitor it just for 24 hours.
Look for the right time to buy and make sure there will be profit. Even for a hike of 5 satoshis it should be enough

socks435

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Honestly i cant easily know if its shitcoin or not but sometimes those shitcoin are increasing value fast but sooner will die..
But never trust them again because i have many stuck of altcoin those are stuck i think for ever because no one can buy it unless if the price will increase again back that we can sell it just to gain back our capital..
Most of the best to choose altcoin to hold for a long time are altcoin from top 20 rankings.

Bunsomjelican

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Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

That is common sense only, if you are a good and smart one traders why would invest if you know it is a shitcoins. You are just only wasting your capital into that shitcoins if ever it happen only. It is still much good to invest to a coins which you know you are sure that coins will increase someday.

CyberKuro

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Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

No, I don't as it is worthless without knowing whether it is going up or fall forever, so risky and waste money.
I prefer to buy some famous coins such as monero, ethereum or litecoin (recent increase is so good) which has been around for years or a trusted one (good developers team) that has launched an ico, it will produce more money to trade it obviously.

The Sceptical Chymist

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Last year I did, briefly. And then I realized the market for the smaller turds is really thin and insanely volatile. There's no way I could keep doing it and keep both my sanity and my money. So I quit.

Yobit is the fetid graveyard of rotted, zombified shitcoins. Anything that doesn't call itself "bitcoin" doesn't deserve to be traded. Somebody need to provide a kill shot to the head on those bitches.

sevendust777

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I do trade some shitcoins made me good profit on it... Just be very careful cause shitcoins are P&D, just bid as low as possible... Yobit i think is the best way to trade shitcoins... another is ccex..lol... but i do not recommend it as they are very risky...

AdolfinWolf

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Quote from: JeffBrad12 on April 30, 2017, 10:56:07 AM

Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

Why do you want to trade shitcoin if in another place already there good altcoins for you? I never trade shit coin like them.

Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

Do you trade in them? If yes, what kind of volume? Is it worth it?

It will never worth, Have you ever seen Edinar coin, Does it looks good for you? i can say they're all full of shit.
Too many investors or traders got scammed by them(shit coin)

Just try to look at his chart history and you will see a real evidence.

Well maybe because there is a good chance to make some nice profit on the shortterm, I know people who x5'd on the lepen/mcrn coin already. Now ofcourse i'm already too late to invest in those, but there might be some other ones in the future.

I'm currently finding out if the risk is worth the reward, since the % of losing if you're not an early investor is ofcourse huge, as you said.

I will look into that Edinar coin, I can't find it on CoinmarketCap.. Do you have a link?

JeffBrad12

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Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

Why do you want to trade shitcoin if in another place already there good altcoins for you? I never trade shit coin like them.

Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

Do you trade in them? If yes, what kind of volume? Is it worth it?

It will never worth, Have you ever seen Edinar coin, Does it looks good for you? i can say they're all full of shit.
Too many investors or traders got scammed by them(shit coin)

Just try to look at his chart history and you will see a real evidence.

ethereumhunter

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Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

i don't trade too much in yobit because in my opinion, yobit has too many list of coins that i should choose but it doesn't mean that i don't have some coins in yobit. sometimes i only check if my coins has sold or not and i only see what coins that gets pump already so i can make decision to buy the coins or not.

jakelyson

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I made some money the last time lepen was pumped. I bought it very cheap so when they pumped it I easily made x10 my initial investment. So yes, I trade those shit coins but I am also aware that I am throwing away money if they do not get pumped at all.

AdolfinWolf

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Quote from: layoutph on April 30, 2017, 09:18:59 AM

Some people believe that trading is gambling. Actually its different. Trading involves analysis and research.. But if you trade your bitcoin to shitcoin then you are not trading anymore but doing a gambling.

That's actually pretty true. You're depending on 1/2 (a selective group of whales) big players, which may or may not pump the coin, or dump the coin.

Quote from: xuan87 on April 30, 2017, 08:09:21 AM

No I don't trade shitcoin because I don't believe that coin can make profit, I ever once believe in that coin and make me lost money,you need to be super lucky with shitcoin to be able to make profit, I only trade alt coin that already reputable and that alt coin give me a lot of profit

Not sure. I think you can make a lot of money with these shitcoins if you're the early investor. Other then that, yeah, you're probably going to lose money.

Quote from: jeraldskie11 on April 30, 2017, 08:03:08 AM

Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

It is good to know that the volume of that shitcoin is high but it doesn't mean that you buy that shitcoin. Shitcoin is a fast pumping and a fast dumping so don't buy shitcoin if its already pumped caused it will only make you to lose. Honestly, I am buying also a shitcoin but I buy only if it is already dumped too much cause I know it pump like a skyrocket. Its up to you if you apply this information.

Would you consider the LEPEN/MCRN coins on Yobit fast pump&dump coins?

If we look at TRUMP, that coin still holds its value, far after the election..

layoutph

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Some people believe that trading is gambling. Actually its different. Trading involves analysis and research.. But if you trade your bitcoin to shitcoin then you are not trading anymore but doing a gambling.

stomachgrowls

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Engaging or trading/buying on shitcoin cant be avoided since we do always believe sometimes on its potential that it would pump in the long run but in just a commonsense trading with it is just a useless thing to do because no matter how long you would wait it wont pump again depends on a certain coin and we cant say because there are some coin we thought its already dead but it pumps in a matter of time.

xuan87

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No I don't trade shitcoin because I don't believe that coin can make profit, I ever once believe in that coin and make me lost money,you need to be super lucky with shitcoin to be able to make profit, I only trade alt coin that already reputable and that alt coin give me a lot of profit

jeraldskie11

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Quote from: AdolfinWolf on April 30, 2017, 07:15:52 AM

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.

It is good to know that the volume of that shitcoin is high but it doesn't mean that you buy that shitcoin. Shitcoin is a fast pumping and a fast dumping so don't buy shitcoin if its already pumped caused it will only make you to lose. Honestly, I am buying also a shitcoin but I buy only if it is already dumped too much cause I know it pump like a skyrocket. Its up to you if you apply this information.

AdolfinWolf

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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.

Topic: Do you trade shitcoins? - page 7. (Read 6579 times)