Holding shitcoins will not make u rich - page 11.

Bowtiesarecool

sr. member

Activity: 1050

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Quote from: sergiorus on December 17, 2018, 11:29:58 AM

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc

Spot on. You can tell by the sheer amount of effort that when into naming what kind of "coin" they are. Most cryptos that are not BTC forks now (or posturing as one) are more geared towards scalability and interoperability rather than dethroning the king. It's been quite a long time since I've heard anything called a "BTC killer" or even ETH killer.

pisston

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Activity: 630

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Quote from: snedyolo on December 18, 2018, 07:47:35 AM

Well it depends on the coin that you hold,
Sometimes even the low valued coins could pump hard so we never know what could happen .
There are some low valued coins that manage to survive and get pump so it may not make you rich but it could give you profit.

Of course, to date, earnings in the cryptocurrency business have declined substantially, but all users who invested in cryptocurrency until 2017 really remained richer in existence.

hardhardy

jr. member

Activity: 59

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Quote from: karel88l on December 17, 2018, 11:19:22 AM

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.
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.

snedyolo

full member

Activity: 226

Merit: 103

Well it depends on the coin that you hold,
Sometimes even the low valued coins could pump hard so we never know what could happen .
There are some low valued coins that manage to survive and get pump so it may not make you rich but it could give you profit.

Siren

sr. member

Activity: 826

Merit: 265

Quote from: sergiorus on December 17, 2018, 11:29:58 AM

bad example
most of those coins were pretending to be 'improved bitcoins' but as we could see all of them have failed
now alcoins aren't trying to substitude bitcoin but to participate with something new
and some altoins made some people flithly rich already: neo, stratis, ethereum, tronix etc

Absolutely right mate,like ethereum whos to be considered as shitcoin but stayed long in top 2 cryptocurrency,and just been recently being overthrown by ripple which had already made many people richer..
Shitcoin doesn’t good for long term holding but it can be good for short term

And besides only whales becomes richer from bitcoin because of the huge value and slow moving

Jhonyguy

jr. member

Activity: 146

Merit: 1

if we want to make money when bull run starts we should avoid investing in shitcoins and search for potential coins so we can make good profits soon

damberg

full member

Activity: 658

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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.

futureofeth

member

Activity: 686

Merit: 10

Quote from: arjuna BTC on December 17, 2018, 05:25:49 PM

Quote from: AlyattesLydia on December 17, 2018, 05:00:42 PM

Quote from: sunsilk on December 17, 2018, 03:42:07 PM

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.

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.

Vit83

full member

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Thanks for this picture. There are a lot of thoughts now about the future of most of the crypto)

ukloon

sr. member

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Can anyone here admit to buying and hodling BBQcoin Grin

Fortunately i am not an investor in that but sadly i do hold some shitcoins in my portfolio. I don't think it does any harm to hold a small portion just to keep your portfolio interesting

arjuna BTC

sr. member

Activity: 994

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BabelFish - FISH Token Sale at Sovryn

Quote from: AlyattesLydia on December 17, 2018, 05:00:42 PM

Quote from: sunsilk on December 17, 2018, 03:42:07 PM

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.

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

AlyattesLydia

hero member

Activity: 1400

Merit: 569

Quote from: sunsilk on December 17, 2018, 03:42:07 PM

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.

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.

Trustoshi Spamtamoto

newbie

Activity: 15

Merit: 0

Quote from: karel88l on December 17, 2018, 11:19:22 AM

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:
https://i.ibb.co/px4rmLg/2.jpg
Surprisingly some coins from this chart are up from then but volume on exchanges is low,so holders of these coins are truly bagholders.

This was "Before Ethereum"

now is "After Ethereum"

https://ibb.co/8r0PpJ6

Chacha1000

jr. member

Activity: 645

Merit: 1

Is not all shitcoins as you call them are entirely useless. Some of them will still turn out well in the long run. Thid bear market really affected lots of coins even the good ones.

ChiNgadOr

sr. member

Activity: 1680

Merit: 278

I am sorry to admit that this comparison is just nonsense... An evolution has taking place and nowadays we are in a completely different scenario, that the one we had for example a year ago. Anyway.. selling your shitcoins at 99%lost wont make you richer, but if there is a small dump of one of them, maybe you can recover some $!

milewilda

legendary

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Quote from: karel88l on December 17, 2018, 11:19:22 AM

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.

Out of that Image i do only recognize Rank 1 and 2. BTC and LTC and the rest i dont know whats the situation of those projects.We do compare the ranking as
of this moment and to the image above. We have seen that most of them failed and even the current ones would still have the tendency to to rank down and would be replaced by newer
ones.For the question on holding shitcoins will make you rich then theres a possibility but the odds would really be like betting on a lottery.

sunsilk

hero member

Activity: 3038

Merit: 634

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.

DenysM

full member

Activity: 714

Merit: 118

They can be used for short-term speculation and not adhere to the strategy "hodl". They give more profit and if you do not own a large amount of money, then it is worth risking and investing in Shitcoin.

pinoy.bolanon

member

Activity: 350

Merit: 10

"In CryptoEnergy we trust"

Quote from: karel88l on December 17, 2018, 11:19:22 AM

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.

As I look at in the given example I can't see any of this coins is performing well and it's been replaced with another one if we look at in the current state of coinmarketcap, I've been holding a lot of tokens nowadays due to market condition, maybe I would be sorry but next coming months.

gamer4156

sr. member

Activity: 1008

Merit: 250

Well, I am also holding some currencies, currently there are more than 52 crypto currencies including BTC and ETH in my holdings. Your prediction may be right but according to your logic I am not agree with you. I also understand that with massive advancement there will be some things that will be out of the picture.

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