I totally agree with you. Shitcoins never make them rich. They just take your money. It is important to choose the best altcoin. For example QSP. Quantstamp will be one of the most important subcoins of this market. Consider this.
OP consider shitcoins everething except bitcoin so I guess you haven't understood him properly. I agree tho it's all about choosing the one that will moon. Also OP should say that to Ico participants of Stratis, Ethereum, Neo, Iota, Tron etc
Topic: Holding shitcoins will not make u rich - page 10. (Read 1917 times)
It is believed that shitcoins takes 98% of cryptocurrency and will tend to $0 until they will be eventually be delisted from exchanges. More policies and rules will come that will reduce this percentage, however,so most shitcoins will be flushed out with time. The space can never be free of shitcoins, some are sponsored with big fund to swindle the large population. Thats why, all coin except bitcoin should be held with exit strategy.
I totally agree with you. Shitcoins never make them rich. They just take your money. It is important to choose the best altcoin. For example QSP. Quantstamp will be one of the most important subcoins of this market. Consider this.
I saw many coins as shits and very bad one years ago. Half of These shit coins are earned a lot of money to coin holders by pumpers,whales or coin owner. We are not in Bull trend. We are still in bear trend and we should accept this and sell shit coins.
the fact that today the market has shown green color does not mean anything. Even in May 2018, ethereum had a price of 825 dollars, but today it is only 105 dollars. This level is below the baseboard.Although we should always hope for the best. 
I also hold a few shitcoins and it wasn't too much because at first I wasn't interested and only I tried to buy it and finally the value was lost. Until now I still hold it and still hope it will increase someday, even though it is impossible but I still believe anything can happen in the crypto market.
I saw many coins as shits and very bad one years ago. Half of These shit coins are earned a lot of money to coin holders by pumpers,whales or coin owner. We are not in Bull trend. We are still in bear trend and we should accept this and sell shit coins.
Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.
The subtle difference is that 2019-2016 all the altcoins were dumb copy+paste shitcoins and Bitcoin was king.5,5 years old chart:
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.
Since 2017 bitcoin is the shitcoin and the rest of the top 20 are objectively better. Some coins like Waves and Steem outside of top 20 are also better.
This time some alts are here to stay.
I have some altcoins and it include good coins like ethereum, I have some other alts too but those are like my trashes which I dont consider to pump soon.
Luckily some altcoins made a lot of people rich during the all time high. Those people that decided correctly to sell and didnt triggered greediness.
Luckily some altcoins made a lot of people rich during the all time high. Those people that decided correctly to sell and didnt triggered greediness.
In fact, that's what matters to be considered.
You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.
Take a big risk if you want to win big, you should take small risk if you want to win small.
I'll better stay with bitcoin and other few related coins and take smaller risk with smaller gains but with a possible of a better chance to make money with those. As much as possible, I'm putting off my hands with those type of pump and dump coins.
IMHO bounce in shitcoins will be higher, for some period of time they can make you more in btc. But hold them for 3-5 years imho is not a great idea. Better sell them when you have a great profit.
Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.
The subtle difference is that 2019-2016 all the altcoins were dumb copy+paste shitcoins and Bitcoin was king.5,5 years old chart:
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.
Since 2017 bitcoin is the shitcoin and the rest of the top 20 are objectively better. Some coins like Waves and Steem outside of top 20 are also better.
This time some alts are here to stay.
Soon the Shitkoin eth will become with such a situation and the lack of support and demand. So, any coin now risks losing among competitors and forks, if it stops for a moment with development.
Well said, it is better to have few investments on a very good crypto rather than investing into pump and dump alts and coins,
I disagree - altcoins have better pumping potential than top 10 coins.
That said, they're also more likely to lose your money.
It really depends if the coin is actually a sleeper and how risk averse are you.
That said, they're also more likely to lose your money.
It really depends if the coin is actually a sleeper and how risk averse are you.
I have some altcoins and it include good coins like ethereum, I have some other alts too but those are like my trashes which I dont consider to pump soon.
Luckily some altcoins made a lot of people rich during the all time high. Those people that decided correctly to sell and didnt triggered greediness.
Luckily some altcoins made a lot of people rich during the all time high. Those people that decided correctly to sell and didnt triggered greediness.
In fact, that's what matters to be considered.
You can already be rich in shit coins. 1000% of the day can even be winners. But it can be destroyed in the same way.
Take a big risk if you want to win big, you should take small risk if you want to win small.
high risk will always come with high profit,,
if you want to win big, just don't be greedy and do not even think to invest or buy a shitcoins,,
shitcoins will be gone from the market,, wich mean you will lose all your money too
We need to be very careful when investing because without taking risks it is impossible to make money. We need to check twice before buying any coin in the market because at least we need to find some potential active developments from the team. Without progress development from the team, it is completely waste by buying those coins.
The most important thing in non-project coins is advertising. They trick the market with false news and make great price rise. As you say, We need to be very careful and take a risk. My advice is to stay away from these kind of coins.
Because when new bull run will arrive there will be new shitcoins and your shitcoins will end dead or delisted from exchanges which can lead to 100% loss.History is always repeating.
5,5 years old chart:
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.
5,5 years old chart:
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.
I agree with what you say and I am sure that many shitcoins can also disappear if the market fails to recover quickly; many ico improvised in 2018 that have collected little could end the funds and abandon the project.
Different speech instead for many Coins that have lost more than 90-95% of their value but who have all the potential, team, community and foundation to get up and resume the growth trend; these can be for example: Stellar, Eth, Iota, Neo, Monero, Cardano, Dash, VeChain, Qtum, Omg, Stratis, Zilliqa, Nano, and many others ..... with these coins if you know how to wait you can have enormous satisfactions in the next 3-5 years.
it is necessary to choose high-quality projects for investment and there will be no problems. Now there are a lot of junk coins that will simply crowd out the market in the future.
The fact that those shitcoins are not here anymore does not mean that it cannot be a profitable trade. I made profitable trades with utter shitcoins, it is just about knowing when to exit.
Exactly. In January, there were a lot of pumps of all kinds of shitcoins. I make some money. The difficulty was that the exchange did not give me the opportunity to sell some of this shits on high. This may not be suitable for long-term retention, but they are very good for short-term trading in good time, because it makes 10X very easy. investing in shitcoins so risky it will not survive longer, but I believe there are only few people who rich from shitcoins these are early investors.
Worthless coin will never make you rich or wealthy and those are the ones where the investors lose huge losses and only owners of the coin will make money and exit he market. Rest of them just lose their money and think that crypto currency is bad or create false rumours.
investing in shitcoins so risky it will not survive longer, but I believe there are only few people who rich from shitcoins these are early investors.
IMHO most of this "shitcoins" were great, have super IDEA - not just another ERC 20 utility token.
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