Topic: Invest only in Bitcoin and never invest in shitcoin - page 10. (Read 1611 times)

Shitcoins in bearish times tend to fall more than they rise, even though it's only short-term, they won't be strong in the market unless bullish really arrives.
I won't say anything more because I have previously invested in shitcoins with profits and then losses again. This is not strange because the risk in shitcoins is really ready to lose all your money completely.
You invest in bitcoin means you don't need to worry considering this coin is one of the best investments - currently I myself have focused on accumulating bitcoin rather than altcoins or other shitcoins which are full of doubts.
It's not that I won't deny that shitcoins are all bad, once you can analyze the right shitcoins for the short term with 10x it's already better, still the risk behind it is quite high.

This is the unrealistic dreams the project founders are selling to newbies investors and they're buying into their liars, nobody knows the next shitcoin to top the charts and unless you're lucky you'll be wasting your tirme investing in them as you'll lose your money but when you Invest in Bitcoin, you can't lose because we don't have multiple Bitcoin and whenever the market become bullish again, you can be guaranteed that Bitcoin will be among the cryptocurency that'll increase in value because it's the most trusted cryptocurency that investors will be investing in at anytime but altcoins get different interest from investors based on what's trending as of when the market becomes bullish. No altcoins can be guaranteed to give you profit during the coming bull market and upcoming ones but if you Invest in Bitcoin, your investment will always be guaranteed of an increase in every bull market.


The mother tag should go to Ethereum, because Ethereum birthed most of the altcoins in existence and that's where shitcoin became easier to launch. With Ethereum scammers will able to duplicate their code and call them different names all in an attempt to defraud gullible investors and from the rate at which we have multiple shitcoin trading, you can say they have succeeded and there'll be more in the future because every bull market comes with its own trend of shitcoin as scammers launch new project using the trending layer 1 projects. Bitcoin payed the way for all cryptocurrency but upto this date no one has been able to duplicate it.

All part of the crypto experience, right? As everyone knows, Bitcoin sparked the crypto revolution. Its name, its fame, its growth - they've all shaped how we perceive crypto today. However, not all coins are Bitcoin, right? Like you and me, many found altcoins appealing because they thought, "Hey, if Bitcoin can do it, why cant these other coins?" Wow, were some of us wrong.

Investment in "shitcoins" has been a rollercoaster. Some prospered, while others, like you, suffered. But there's always a bright side. Instead of complaining what could've been, learn coin basics before investing. Lack of knowledge is the issue. Read, join internet forums, share experiences, and learn. Every coin has a story, and if we listen, we might not repeat the same mistakes.

The solution to this problem is simply to follow your title "Invest only in Bitcoin and never invest in shitcoin". Don't ever touch shitcoin anymore, then you will be safe and never have to suffer those stupid losses again. Everyone has their own investment views and I don't hate people who invest in shitcoin because it's their money, they can do whatever they want. But I would not encourage anyone to invest in altcoins, especially newbies because they are nothing more than a gamble, not an investment.

Even me I would say it is quite hard to do proper research on shitcoins because almost all of them look decent from onset and usually generates large community. Some of these things are part of what one will check to see if the project is a legit one but along the line they would still dump the token after scamming users. So the best thing is just follow this your pattern and only invest an amount that you can afford to lose.

Also one thing I notice about shitcoins like you have pointed out is that whenever they start dropping in price avoid investing in them thinking they would raise again because most of them do not probably because it is a rug pull by the team. This has usually been seen after every bull run where you see shotcoins showing potential turn to dust because it’s team have achieved their target

When I bought it within the shortest period of time it skyrocket ed. When i saw my wallet I thought I was rich with several thousand of dollars. When I want to swap, its said something like low liquidity and the amount to be swapped was even not up to 2 usdt and the transaction fee was way higher Dan what was to be swaped. Msybe it could be that the ones I investment were not good enough.

In my opinion, considering cryptocurrency as an investment instrument equates to embracing a high level of risk, including Bitcoin. The presence of so-called "shitcoins" is intended to provide alternatives, but their projects typically struggle to sustain themselves over time, resulting in a greater risk associated with shitcoins compared to Bitcoin. Fundamentally, Bitcoin far surpasses shitcoins in terms of quality. This implies that those who profit from shitcoins often merely perceive themselves as fortunate, perhaps due to certain individuals artificially inflating prices, allowing investors to capitalize.

To date, for serious investment purposes, I have never recommended shitcoins as a solid investment instrument. In fact, going all in on shitcoins can be quite perilous.

There is a safe play with altcoins investment, if you want to invest in altcoins, go for those that are listed on the Binance exchange that have not seen any bull market before, either they are backed by VCs or not, they will do very well in the next bull market.

Many altcoins will die in thousands, between 2023 to 2024 before the next bull market, this is not new, in a bear market, you should be careful with altcoins, follow the hype and take profit, then buy back later, it's how I made some money from AI and RWA hype and all those coins are down right now after the short term pump.

I believe the best time to start buying Altcoins is in 2024 after the halving, that's because a recession ks still possible between now and next year, also most altcoins will make new lows in 2024, altcoins investment is a more risky play, but if you can play your cards right you will have successful stories fo tell.

The market is not the same for everyone, if you made a loss then someone at the other end made a profit, now if we try to look at the reasons of why did you made a loss and why others made a profit. Then, we will come to only one or a few possibilities, which are they made those profits with Luck or they did a better analysis than you and did not take shitcoins as BTC. Because that's the first mistake you made there.

If you really think BTC is the King then my friend there is only one king and that is BTC as we all know it covers half of the market dominance of the overall crypto sphere. So for a shitcoin to compete with it, needs a hell lot of attraction and trading volume so that its market cap would surpass Bitcoin's.

You my friend made a big mistake here and faced the loss and now trying to hear other's stories, well I also made lost due to my mistakes.

Bitcoin is the best investment for the long term, especially if the person is still new to the crypto industry. But shtcoin might be easy to manipulate causes for the market to be highly volatile, but it's actually good to invest in them for the short term. I actually do this, some shtcoin might be literally sht but some of the projects have potential to invest with. But it's not recommended for the long term, you will have to sell it for a quick flip. You really need to research the projects like their roadmap how they will benefit the holder something like that. They don't need to stay away from it if they are newbies, they could invest with a small amount first so they could experience the difference of Bitcoin to shtcoin, but it would be best if they already have the background and knowledge on a certain coin/token.

Exactly because I am very is only Bitcoin you can invest for long term and you will get profit on it is not like shitcoin but I don't have any interest on it because i just believe in Bitcoin investment not other coin again because is only Bitcoin investment they introduce to me and i enjoy it because he brings me profit i don't think they will get better investment that will bring you huge money than Bitcoin because is the boss of all other cryptocurrency, and I don't think they will get better investment that will Another coin that will compete with Bitcoin in the feature, I appreciate how Bitcoin is centralized because if you don't have enough money to invest in it, the price can fall at any time and you can invest in it, and the price will rise and you will profit from it, but I don't think shitcoin has worth, so don't combine it with Bitcoin, since BTC is the best in crypto.

Shitcoins are are easily and heavily manipulated.

When you see those big gains on crapcoins it is the whales manipulating the prices to suck you in so they can dump on you.
They are not sustainable. Only the whales (the large bagholders who had access to the premine) are making money on crapcoins.

I have done this a couple of times and it has never favoured me for ones. There was a time I invested as little as $20 into several projects and I couldn't recover my investment. I even bought Luna some weeks after the crash, hoping it will bounce back but to no avail. If altcoins work for you, then follow your style after all, it is all about making money.

His choice of word might appear too strong but it is obvious he is coming from the angle of a bad experience with shitcoins.

Bitcoin is really a very strong cryptocurrencies that fact is undeniable and is the root of most coins or the inspiration behind most digital currencies.

Many people fail to understand the characteristics of Bitcoin or do not look at it at all, after hearing about Bitcoin they just rush to make such investment. That is what I consider misconception, you also misunderstood the meaning and orientation of Bitcoin that is what lead you to such mistake and sorry for that experience. That wasn't the intention for you to know about the success of others in Bitcoin.
You know, shitcoins are considered to be shit because it does not have a clear vision on what to really impact or offer, this shitcoins are ideals of individuals who on the cost of looking for what to create they have to build an invention on another person's invention.
Looking at most of the shitcoins they do not have a Blockchain technology of their own, they relay on other chains inorder to work. Which means it is not strong enough to make a good progress most other successful coins you see now have their own blocks, the stress of create a Blockchain is what most shitcoins avoid and making it very much useless to some point.(for instance: if I create a coin with out much investment in it, just created it on another platform. What ever happens will be non of my business after all I didn't put in my money so I have nothing to loss ) that is a typical language of shitcoins developer.

I hope I have made something clear to you now?


Like your topic said (never invest in shitcoin) avoid shitcoins it can rub shits on you and your career entirely.
Don't engage your self with anything that has to do with shitcoins if your knowledge of cryptocurrencies is not enough to engage.

It would be more accurate to say that bitcoin is the mother rather than the father of all cryptocurrencies because only the mother can reproduce. As people have watched bitcoin develop, many have begun to consider making their own cryptocurrency. Bitcoin is where shitcoins first appeared. All cryptocurrencies have their roots in Bitcoin.

Then some people had the good fortune to make some money with shitcoins, but let me warn you that about half of them lost all of their money with shitcoins; my own explanation for this is that they all mistakenly think that they can make money with shitcoins while blindly digging their own graves.

As for you, it's never too late to make an investment in bitcoin because those who bought it for less than a dollar today have fewer of it, and those who acquired it when it cost a thousand dollars have the most of them. You should begin right away; this is the right time. We are all anticipating a bull run, so it will be simple to earn more money with it right now. I'm thrilled that you realized this chance at the appropriate time, so take advantage of it.

Some people are being moved by the hype from various social media believe me or not if we go further asking op how come he knows about the particulars shitcoin he invested he wouldn't mind saying is from facebook or twitter.
Social media today has deceived lot of people going into over hyped coin, a highly paid advert coin to deceived people to invest into such projects without making an adequate research about those shitcoin.

Actually most of the shitcoin are a kind of gaming or do I call it gambling, where you invest and don't hold for long time maybe you could hold for period of months haven made 4 to 10x then you quickly sell without waiting to make 50x of your investment I think that is were most investors always got it wrongly. Whomever that wants to enjoy investing in altcoin shouldn't hold for long or having this mentality it would soar like bitcoin.

"Investing" in $hitcoins with a medium to long term is very risky. Any of these can be
"the next big coin" and then be dumped for "The next big coun". Investing for the short
term to day trade can yeild some gains though.

Thinking any $hitcoin can follow Bitcoins journey is pure folly but unfortunately there
are a lot of people who just dont understand either Bitcoin or the $hitcoin market.

There are thousands of shitcoins. That is one of the reasons it is hard to find the right shitcoins. There are many shitcoins that do better in the past, they increased significantly and nearly all of them are now back to the price they were in 2020 when bull run started. If need be, I can name many of them and their prices. So people that are smart gamble with them, make money and convert to bitcoin.

To hold bitcoin is better. If you hold bitcoin and you are having unrealized loss, you do not need to bother to have losses which is unrealized and not that significant like altcoins, you just leave your bitcoin holding alone and the price will increase and get to all-time-high and you will make more money. Holding bitcoin is better, but some people use low amount of money to gamble with altcoins while the largest bag they hold is bitcoin which can be more than 70% of their holdings.

Lol, so you what you meant?

Your subject title.

There's no such strategy if you want to make a quick profit from shitcoin, it's pretty much like gambling because you're go big or go home. In your experience, you're go home.

I'm not interested to check my portfolio for every day, every hour, every minute or every second, that's why I avoid to invest in shitcoin.

In as much as I’m not not a big fan of altcoin/shit coin I still won’t use the word “never”.

There are times when a hype comes or you carry out a research for a shit coin and find some potential because of that you’ll use an amount you can afford to lose and when they eventually lost it you’ll sell immediately and make your profit, so sometime shitcoins still give us profit… the only time I’d suggest that someone stay away from is when they are new and know nothing about coins/token and don’t have a single clue on what to watch out for when conducting their research that’s when they should back off and stay with bitcoin until they are ready then they can diversify their portfolio.