Is it just luck - page 4. | Bitcointalksearch.org

Rengga Jati

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling,

Maybe you are full of luck.
But, I don't think that you are such lucky always.
Actually, many people hate those kinds of shitcoins because of the hype, non-fundamentals, and also the condition of pump and dump.
Many people who don't know exactly how to treat them will commonly lose money very easily.
In this case, we can see only a few people who can utilize every chance to earn money from the shitcoins, by utilizing the pump and dump condition.
As long as you know the right time and you have been usual with the characteristic of shitcoins, you will be able to win the games of pump and dump, and end up earning much money.
But once more, this kind of coins are very dangerous for newbies or everybody who don't really know how to treat them well and appropriately

magneto

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

Yes.

If you are buying memecoins and expecting a return on these things other than straight up entertainment, then you are essentially gambling.

What you've done is luckily select a few of the outperforming memecoins - whereas most of the new ones that pop up actually don't generate a positive return for their investors at all.

Certainly time to rethink your investment strategy while you're still ahead.

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Quote from: Daodex on February 12, 2022, 11:53:51 AM

Its not pure luck it's smartness, you can avoid any ruckus in crypto space when investing in new projects if you know when to buy and sell them, this doesn't mean the projects have to be top notch or shitcoins, the only risk is rugpull there is no way to see that coming.

But there's still luck, that depends on how you perceive that gain you've made. Like the early buyers of bitcoin, you can them lucky but there's also the understanding that they've shown because they've brought early despite the bash that bitcoin has taken on its early days.
Well, it's all about profit and whoever makes the best from it gets and deserves to earn the money that he has with it. Usually, it's really the risk that you've taken and the reward that you're going to get.

BIT-BENDER

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Then I can tell you that you not a full time investor, I am yet to see a concrete investor that doesn't have a failure storyline. It is either you do not invest often, or you are making it up, memecoins and shitcoins are still very risky even if you were the first person to buy it, infact there aren't many shitcoins or memecoins that gave holders profits, the formula of buying early won't save you when you invest in the wrong project, so be careful on your financial advice.

Ulven

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In this world of mutual deception, where is the real good product to be found? Only by being practical and seeing the true value of products can you make money in the long run. But the shitcoins is a pure scam which comes with a lot of twists and turns!!!
Indeed, the cryptocurrency market is full of opportunities. If you are lucky, you will win a great fortune. And don't forget that natural disasters sometimes happen, investing in digital currency is fraught with risks.

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

I would say yes it is just luck. I am not a fan of meme coins and personally would never invest in such shitcoins myself because i think that they are bad for the crypto market as a whole but it is definitely true that early investors in those projects have made a huge profit. But this is only true for those meme coin projects that were successful and i would say that only a handful of those hundreds of projects was successful at least temporary. Especially those that are coming out now are dead pretty soon.

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

Good for you but not all would really be ending up on the same line because not all is capable on dealing with multiple investment or financially capable even if they do like to dive in but they dont have much money to spare on thats why its inevitable that we do missed out these chances most of the time and also people couldnt really just easily believe into those meme coins and other coins which it seems that doesnt have value
but due to some hype and high interest then it isnt surprising that people would really be having this kind of behavior.

stepwilli

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

Go on but do not cry here and complain that shitcoins have scammed you later on because as you know, we have people here that are like you and likes to brag their gains from shitcoins but few moments later they go back and starts crying regretting on why they do not listen to our advice that shitcoins are not ideal for investments but they are not different with gambling.

Gambling are in fact a little better because skills can sometimes matter but you do not need an amazing knowledge or skills before you invest in shitcoins because all shitcoins are the same anyway. They do not have real use cases but what is the point why they exist? Right, only to scam people.

isaac_clarke22

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

~

Yeah, it's luck, OP. Nothing more than that and it doesn't make you a skilled trader if you're purely relying on it. Good thing that you still made money out of it regardless. Shiba is like the least meme coins that I would even consider to be somehow "a little worth" of investment and other meme coins can just go and disappear out of the market.
Shitcoins also won't sustain you in the long-term, so you might need to change your mindset in that, OP.

Little_Sister

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

There are so many meme coins of new projects being created that it's very risky to buy meme coins without knowing proper project analysis factors, Shiba is something that other meme coins don't have so don't take any chances on other new meme coins. I warn you not to be greedy for meme coin profits because the meme coin hype is currently very low and we are in the metaverse and nft hype.

uneng

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You were actually lucky indeed, because besides buying the tokens on the right time, you have also been lucky to pick the correct memecoins, as not all of them have stories of success even on short run.

But if I were you, I would change my investment strategy from now on, because even though you are having positive results investing in memecoins, it's still a risky deal that may lead you to lose everything you have gained so far.

ItsNotSean

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

While people are hating I always make sure I got in early and I ended up smiling...

If you ALWAYS got in early you would have given back all of your winnings from Shiba, because there have been 1,000+ more shitcoins released since then that were pretty much all scams and rugpulls.

So you got lucky ONCE on the shitcoin lottery game and, sensibly, seem to have ceased shitcoin gambling there after winning.

bitbollo

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins?

Probably yes.
I think you were lucky in choosing the right time to buy and the right time to sell (you sold it yes? Grin

).
But not everyone is so lucky, we have seen a lot of people loosing money as I have described in this blogpost... and it's not always possible pocketing easy money in that field.
I remember months ago when I wanted to short shiba on eTORO... the system only allowed me to buy/long ... Roll Eyes

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Quote from: judeafante on February 12, 2022, 05:39:06 AM

Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

It's luck and it's not always the case, shitcoins are like pump and dump coins or Ponzi schemes, the one who got in or bought earlier will have a good chance to profit, some of those who made a profit from these shitcoins are investors in launchpads where they qualify or verify themselves first before buying very similar to private sales, and once it opens to the public they dump their shares.

Yeah. Most of them work in the classic MML ponzi fashion. Some stay longer while some bust soon but all of them works on earning profit at the expense of newer investors. As the hype maximizes, the early investors do earn high but once it stats to decline, the ones buying at the peak would have a loss. You can call it a skill to join fast and know when to exit but it still is a luck as you are not sure which one would be there for what amount of time. Shiba Inu is one of the exceptions as they still have a good value compared to few months of their initial exchange.

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

Personally, I don’t see anything special in this, since everything that happens in the crypto market is somehow aimed at making a profit. It’s another matter if you can see exactly where you can quickly get great profits, and whether it’s BTC or top altkrines and even shitcoins, it doesn’t matter. As for your particular case, then yes, you just got lucky, for which, in principle, I congratulate you.

CryptoYar

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High-risk high reward.

I remember when a friend of mine told me about shiba. When it was about to be listed on its first exchange (hotbit I think) When I did some research on it, I could not find anything special (no use case ), so I ignored it. But one day suddenly my friend calls me and starts asking me "you bought shib" I said NOPE. Then he told me his $50 turned into $7800 I was like What ***... It was unbelievable for me tbh. Anyway, congrats and good luck for your future investments.

Friendly advice
There are many scammers those create tons of shitcoins to attract newbie investors. They always give a example of shib or such tokens but in reality it is not easy to get such success as it was adopted by elon musk. and binance listed it which is kinda impossible for shitcoins

Daodex

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Its not pure luck it's smartness, you can avoid any ruckus in crypto space when investing in new projects if you know when to buy and sell them, this doesn't mean the projects have to be top notch or shitcoins, the only risk is rugpull there is no way to see that coming.

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IMO this can be said to be lucky if indeed we have been there since before they were pumped like a lot of people who became billionaires because of doge some time ago and it was a stroke of luck because they certainly didn't expect this coin to soar.
But if indeed they already know this meme coin has soared due to pumping and manipulation but they still make a profit when they get in there it's not luck anymore and I can say it's a pro who can take advantage of the momentum and take action to benefit him personally.

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

yes some people will call it luck, but in my opinion it is gambling because we risk money with a high risk even though it is very wort it when we enter at the right time and get big profits.
maybe for the first time buying your shitcoin and succeeding in giving a big profit there is no guarantee that it will happen again in the future, because of the many births and growing issues about shitcoin that will be high in price there are only a few who succeed, the rest return to trash.

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Quote from: Zotak337 on February 12, 2022, 05:34:51 AM

Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.

Congratulations. You got your luck of making a big profit from meme coins. I think meme coins can work for short-term investment and not hold too long as the price drops drastically. If you can see the price is increasing so high, you better sell the coins and save yourself before the situation changes. As long as you do that with the other coins or tokens, you will profit, but you need to be careful because we do not know which meme coins will increase and if you do not know many things about the project, that can be a gamble for you.

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