Topic: Invest only in Bitcoin and never invest in shitcoin - page 4. (Read 1611 times)

Shitcoins are the coins with have weak/no fundamentals, no clear goals, and bad values. Meme coins are the example of the shitcoins, they have no fundamentals and just rely on the hype to grow its value. Investing in those meme coins are just like gambling our money. The hype of meme coins are easy to be over, it is never hyped again nowadays. Not only meme coins, those altcoins that rely on the hyped only, also can be categorized as shitcoins as well. We are better to avoid investing in those type of crypto coins.

Sure, Bitcoin is much better as the option for the investment than those shitcoins. Bitcoin and shitcoins aren't comparable because they level of the risk is much different.

Nothing guarantees profit in this industry, it just so happened that Bitcoin is one of the cryptos which are having huge demand over this industry because of its lrge chin and community of users/investors. Bitcoin will indeed give you higher chances of earning profit from investing into it but ‘shitcoins’ could give you more in a Shorter period of time. High risk and high reward; as long as you know how DCA works and how to red the candles in the market, you’d have better outcome with your chosen token to invest. But nothing will happen in an instant; you have to meet a particular proficiency in this industry to master how things are working for both Bitcoin and Shitcoins. Analogy is simple; why are there people who are getting that much from the mentioned category of crypto? That alone can support the claim that shitcoins still are profitable.

Yes, absolutely similar to you, bro, I have had the same experience with investing in bitcoin rather than shitcoin. In the beginning, when I used to invest in cryptocurrency, I didn't have enough money. I used to invest in cheap coins. But the good thing is that I didn't invest much of my portfolio in shitcoin; I invested only 20%, and the loss ratio I kept low was because I diversified my portfolio under DCA later. After my loss happened in shitcoin, later I recovered, but not only recovered but also gained profit. And after that, until today, I didn't invest in shitcoin, but I used to give more emphasis to Bitcoin. And the reality is that shitcoin is the best way to lose money, and literally, if we look, there is no other coin except Bitcoin, which is showing profitability and reliability in the future. Even Altcoin cannot compete with Bitcoin.

Those who invested in altcoins in the bull run of 2021 have not yet recovered their losses, except for Shitcoins; this is a later matter. Today, they are not visible in the top 10 either. Recovery is a very distant thing. And Shitcoin has nothing to say.

So this means that only Bitcoin is the guarantee of your profit in the future compared to shitcoin and seven altcoins because these altcoins are also performing like shitcoins.

Bitcoin is a BigCoin with the capacity to accommodate and comfort as many as its investors. This is why it is globally accepted with the potentials of lucrative enrichment while Shitcoin is ShittyCoin that its complexity is a mess to suffocate its investors with no potentials of investors goals actualization of enrichment but all to gambling and wastes of funds and time.

Giving other Coins benefit of doubt by even giving it a try is as loosing trust on the grass root of cryptocurrencies the great Bitcoin with integrities.
If other coins exist is out of my knowledge as long Bitcoin posseses the possessions and potentials to end my financial problems.

You can never control the minds of other investors but you can always educate them about the risks investing in shitcoins. And even if they know already that shitcoins could be a threat to their investments, I don’t think they won’t be investing in shitcoins forever since there might come a time that shitcoins will be more profitable than bitcoin. So if I were you, do not underestimate the potentials of shitcoins. They can be highly risky but they can also give us huge returns when we least expect it. For me, experience would still be the best teacher. Let them explore and invest in shitcoins, their experience will tell it all.

Bitcoin is one of the sure projects we need to hold in the market to make food profits but we should not have the mentality of putting our money in one basket. This may not always work for us especially in the crypto market. It is good when we diversify our investment into different projects so that we can earn more from the market. One of the things we have to note is to always put our money in a strong projects that would not end up become a rug pull or scam. A lot of people had out there money in a promising project which still end up becoming a scam. This is one of the reasons why many people prefer to out there funds in Bitcoin than altcoins.

If you are a bitcoin maximalist then you will see that all altcoins would be shitcoins because they are all copied from bitcoin, without bitcoin there wouldn't be any altcoins. In general, what is shitcoin depends on each person's perspective on the market. But do you admit to me one thing? All altcoins are too risky because they can crash or disappear anytime. They are created for the purpose of token sales, and pump and dumps, while bitcoin creates a decentralized asset and provides many utilities and features to us. There is a huge difference between these two coins, so many people call all altcoins shitcoins, which is not wrong.

Someone keeps on deleting my comment just because I am a bit critical of Bitcoin. It looks like the Bitcoin community can't even handle the slightest amount of criticism. Of course, they can give criticism because they constantly hate everyone who is not a Bitcoiner, but they cannot see an obvious flaw with Bitcoin. That is really sad. The Bitcoin community needs to seriously work on its social skills. I cannot even communicate with them meaningfully in any way.

Not just meme coins are shitcoin but other altcoins are also shitcoin, we cannot say all altcoins are shitcoin but we have many that are just copycats like the other memecoins and investing in those projects can be very risky as they wouldn't last in the market. We should do our research before investing in any altcoins and not just follow hype online because most of the altcoins that are trending don't have any new thing but just copycat of other altcoins.

Many individual are investing in altcoins because they think altcoins will give them profits like Bitcoin always does and even when they're seeing altcoins crashing, they still believe the ones they invested in, will give them profits. Bitcoin is the king and that's what we should be investing in, don't follow what others are doing.

Apart from bitcoin, all the rest are shitcoins, there is no coin comparable to bitcoin that can bring real utility and most practical applications. The rest is nothing more than an environment for speculators and gamblers. There is not much difference whether we are topcoin or meme, they will disappear at some point after making some profit and leaving investors miserable. But with bitcoin that will never happen. But every investor has their choice, if they like to take risks or like to gamble then altcoins are an option, while for those who like to be a little safer bitcoin is the choice.

Yes it is true that long term investment is better in Bitcoin. Although there is a Bitcoin and Shitcoin conversation going on here. I'd say it's not bad to employ B in ETH as well as Bitcoin. I am investing in both Bitcoin and Shitcoin, many people are afraid to invest in Shitcoin like OP.
OP You can get better in less time by trading with shitcoins if you want. So I think everyone should get out of this fear. Still I will give Bitcoin the most priority.

    No matter how many times Op says not to invest in shitcoins, the question is: what are the shitcoins he is referring to? Are they altcoins? Meme coins? What? It's easy to say shitcoin, but if we don't define what shitcoins we're talking about, a reminder like that is also ignored.

   And if you happen to know what cryptocurrency is shit to him, how did the coin or token he is talking about become a shit coin? There have been a lot of judgmental communities here, and most of them have been ashamed of their judgment. There are many good judges here in the crypto space. It is not explained how the shitcoin that is being referred to became shitcoin.

just choosing bitcoin for long term investment is a good thing. However, I think they choose shitcoins to invest in because the price increases and decreases are very volatile. they take advantage of this moment to make money quickly. However, many people get trapped and end up holding shitcoins for the long term.
However, If the goal is simply to invest, then in the crypto world, choosing bitcoin is the right thing to do. However, still, people sometimes choose to look for cheap investments, so that they can get a large amount with the hope of increasing many times over.

Wow, I understand the fear of altcoins due to the many "shitcoins," but is spending time on them the "dumbest thing"? Aren't you drawn to fresh terrain and cryptocurrency chaos to find a gem?

Even Bitcoin's early days, have risks and challenges? Early Bitcoin users might have avoided it because it was a "alt" to traditional money. Caution is wise, but isn't it worth learning about cryptocurrencies' complex, dynamic, and sometimes baffling world?

Consider balance. How about finding a middle ground where you may experiment with cryptocurrencies and spend time learning about them without endangering your portfolio?

Depends on what you call shitcoin tho. I’ll totally agree if you’re talking about all these new annoying meme coins that are becoming copycats. Those kind of coins, have no purpose and no value, and buying it is like buying grains of sand. But there are some coins that will have purpose and prove to be worth the risk. At the end of the day, if you look at most people’s portfolio, you’ll notice that it’s not just Bitcoin. Bitcoin is King but you may need the elders too.

I assume that the OP is a Bitcoin maxi. Am I correct?

But he does have a point where there are greedy investors who are just looking for quick short term gains on shitcoins with no real use cases or fundamentals like memecoins.

As for me, BTCs are my main holdings and I have done DCA (dollar-cost averaging) sometime mid-last year. ETH so far is the best altcoin to hold long term and some of the notable ones with decent market cap and trading volume are only good for short and mid-term. Just my own insight only.

The dumbest thing to do is to waste your time on altcoins no matter what they market trend could be at any point in time,  this is very much a thing that every cryptocurrency investor should already know to the point that they know what and how best to interact with the altcoin market since the market is made of of high presence of fake and shitcoins that have to derail the motivation of the investors who know what the market looks like and how it functions.

This is very important because applying this mechanism will allow us the time and chances to avoid any possible risk that comes along with altcoins.

That’s certainly the right thing to do. Focus on bitcoin and fill in your portfolio with maximum amount of bitcoin, I swear you will reap exceptional amount of profits when the bull run comes. Although it’s undeniable that some may be too lucky to make a decent amount from shitcoins, but still majority of them still end up losing all their capital. So if you don’t want to happen it for you, then do not waste your money and time investing in shitcoins, waiting for them patiently when their value will reach all time high, because the reality is that most of them end up losing their value, and it’s only rare to see some of them continuously growing their value.

Bitcoin was the initial cryptocurrency and it’s was the base of the most of the cryptocurrency.After the good impact of the bitcoin to the market and get many investors to the bitcoin.So many new cryptocurrency was launched based on the Bitcoin.The oldest project which successful after the bitcoin was the Ethereum.The Ethereum was the transaction coin for many project which was later now replaced by the Binanace Smart Chain.But still now Bitcoin was the king of the cryptocurrency and it demand never reduced.

This realization will only happen if you have experienced losing from shitcoins because you are too busy investing in cheap coins hoping that they will grow their value consistently, even forgetting the real gem in the crypto market which is bitcoin. When that happens, you will know that bitcoin is the only crypto coin that can give us secured profits because it’s certainly the king of crypto, and those coins that surround bitcoin are just form from the original image of bitcoin that’s why expect that they are not as good and sustainable like bitcoin.