Topic: Holding shitcoins will not make u rich - page 4. (Read 1917 times)
the number of shitcoin you have only will make your wallet is full of coins trash these. they will not be valuable at all if you should hold in a long time.
Of course, shitcoin will not make you rich. Sooner rather later they will die. But then if you have shitcoins because you only made the realization later, dump them as soon as possible, while there are still exchange platforms accommodating them, while there is still volume. Do not wait for pumps or illusory mooning. That will never come. Death is waiting for such coins.
The problem however is that they now come in sophisticated projects, almost as legit as the others. Be extra careful therefore in choosing which coin or project you will invest.
The problem however is that they now come in sophisticated projects, almost as legit as the others. Be extra careful therefore in choosing which coin or project you will invest.
This is the kind of thread that speaks volume about the current mindset of crypto users/hodlers, and certainly the reason why crypto is not finding its way into mainstream.
Crypto should not be seen primarily as a mean to make quick profit. This is not (or should not be) the purpose of cryptocurrency. Investing in crypto should primarily be about reshaping the financial system in a way that is decentralized, centered on and beneficial to the people. It is about, Trustlessness, decentralization, transparency, immutability.
Then profits will surely come, and along a better world. Crypto is (should be) therefore a long term investment, not a speculative get rich quick scheme.
Crypto should not be seen primarily as a mean to make quick profit. This is not (or should not be) the purpose of cryptocurrency. Investing in crypto should primarily be about reshaping the financial system in a way that is decentralized, centered on and beneficial to the people. It is about, Trustlessness, decentralization, transparency, immutability.
Then profits will surely come, and along a better world. Crypto is (should be) therefore a long term investment, not a speculative get rich quick scheme.
Shitcoins aren't worth holding for more than a month. Usually after 1st pump shitcoin is abandoned and there aren't chances to future growth!
I think it depends on the development and the demand of shitcoins itself.
If there is no development and demand at all, it is certain that you will never be rich just by holding shitcoins.
If there is no development and demand at all, it is certain that you will never be rich just by holding shitcoins.
Holding anything will not make you rich.
We're past our bubbly-bubble stage, now it is time for daytraders to shine.
And their time will also be over once automated high frequency trading takes over, but for now there's $ to be made on the market this way.
Holding works if you bought BTC at $1 or ETH during the ICO.
We're past our bubbly-bubble stage, now it is time for daytraders to shine.
And their time will also be over once automated high frequency trading takes over, but for now there's $ to be made on the market this way.
Holding works if you bought BTC at $1 or ETH during the ICO.
Shitcoins are not for long term buy and hold. They are for quick gains and are the pigs that fly when the bull market gets very speculative and frothy.
They have no room to exist in this market for long term because technically, that shitcoins only here to make a profit and run after doing that. Stop investing with shitcoins, don’t waste your time, money and effort looking for that coins, invest only with the top coins especially with bitcoin that can give you more profit. If everyone would have that kind of mindset, then there should have been unsuccessful holders these days. Most of the millionaires today got their best profit from their holdings that they have thought as shitcoins. We should just have trust for what we hold.
Exactly, no coins can make you rich if you don’t believe on that at all. If you just receive that from a bounty campaign then you have nothing to lose, just wait if that coin is worth holding or not. But if you are investing, invest only with great coins to make sure that you can get profit in the long term trend and you have nothing to worry about.
Shitcoins are not for long term buy and hold. They are for quick gains and are the pigs that fly when the bull market gets very speculative and frothy.
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.
You are partialy right, although most old coins were just copies of Bitcoin. We already have watched the death of many altcoins during this bear market, but other coins that represent projects with real supportive business managed to survive and will spike again. 
If everyone would have that kind of mindset, then there should have been unsuccessful holders these days. Most of the millionaires today got their best profit from their holdings that they have thought as shitcoins. We should just have trust for what we hold.
The fact is that millionaires and billionaires have already adjusted large requests for profits. And their low income is not interested, and they always seek to get even more money.
If everyone would have that kind of mindset, then there should have been unsuccessful holders these days. Most of the millionaires today got their best profit from their holdings that they have thought as shitcoins. We should just have trust for what we hold.
BTC big advantage is all in it's public recognition and longevity compared to other crypto. And history is rife with examples of inferior technologies winning out in the end due to brand/mainstream recognition and stability.
As others have said, it's also more secure since it's use case is more focused.
As others have said, it's also more secure since it's use case is more focused.
if in my opinion it's not all shitcoin, if for the current year it's been very valuable, the market 5 years ago there was no shitcoin, different from the current year that most scams and project development are very lacking
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:
Interesting chart to see coinmarketcap from 5 years ago. 5,5 years old chart:
I agree it's always important to question a coin. Some coins are only hyped and will crash in price finally.
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.
It does not mean that 5.5 years ago so many weird coins been on the top, they had no product back then, now at least some of the projects have already an established product. If you do not have anything to show now, you will be already dead with that ETH price.
That is right. Shit coins aren't good coins, aren't good projects,so I think coins should be like top 10-top20. Don't hold shit coins!
Yes, today competitor for BTC don't exist. But what will happen after 1-2 years? Nobody knows. BTC is the first and basic but his technology has some borders. I don't like many tokens and coins. I think we don't need more than half. But BTC should be changed. And team do it
Nothing will happen in just a few years, the limits of bitcoin have not been explored yet, the developers are working very hard to keep improving bitcoin and since they are the best I do not really expect anyone to come up with better ideas than theirs but I do not mind being wrong, if some new altcoin appears that has incredible characteristics that bitcoin cannot implement I will not mind since that would mean that the adoption of cryptocurrencies by the average person will happen even faster.
We are at a completely different scenario than that of 2013. This time we have real innovative projects that can contribute significantly with this field of technology and they wont die like vaporware, they are here to stay.
Good and big projects are dropping also like shitcoins but after these bad days when bulls come, we will see good rises for the big projects like neo,tron or others but shitcoins will be destroy before bull market come.
Jump to: