Not everyone can be lucky when it comes to shitcoins - page 6.

Alisha-k

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Quote from: Looper_U on June 06, 2021, 02:00:31 AM

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ ,

No one shares his failure story and the society doesn't want to hear the negative part of any story all the want is the positive story so the can share in the dividend. One has to be careful before investing in shit coin to avoid falling a victim of low ROI

Quote

the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

This is where risk management and DYOR pays more. Risking what you can afford to loose as well as doing your own research so you can manage your losses and not go completely bankrupt.

Ozero

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Quote from: ?? on ??

maybe for now they can't get much profit because there are too many shitcoins that have been created so they don't make investors interested anymore and of course the developers who make new shitcoins don't have a clear project goal so they are developers just want to make money by using fomo shitcoins.

Yes, you can make good money on shitcoins during a period of short-term growth in their popularity. The main thing here is to have time to sell them on time at a bargain price, because in the end they lose their value very quickly and everyone who did not manage to sell them on time will incur losses. Therefore, investing in shitcoin is very risky. They are for thrill-seekers. I am wary of doing them.

TastyChillySauce00

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Quote from: speedy963 on June 06, 2021, 08:52:52 AM

This is the sad truth. Most of the people would rather chase impossible fantasies than being realistic. They would rather follow famous individuals rather than invest on well established coins which are far more better than the useless sh*t coins that are being hyped non-stop. Then in the end, they blame the whole industry because of their poor decisions. These type of people should realize how dumb it is to invest on some useless sh*tcoins that have no chance in flourishing unlike those well established coins.

Everyone wants quick money making millions within months. the only way to do that is to pursue some unrealistic dream without being rational which most of the time make people that are "broke" go even more "broke".
as long as there's people who think they are the chosen one in the shitcoin world and think they gonna make millions of dollar out of a hundred dollar, these shitcoins will always get new buyers everyday.
sad truth but there's nothing we can do about, people being irrational always happen when it comes to money.

int03h

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Investing in meme coins is like playing the lottery, they invest with a very small amount. The important thing in meme coins investing is that they have to join fast to get the best price.
For today's meme coins, the hidden money risk is huge as they already have a very large capitalization compared to other projects. Some of the memes have a market capitalization of more than $1 billion. I don't have the courage to spend my money to buy those meme coins.

southerngentuk

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Greed for many new entrants to this market and the illusion that attractive profits can be made quickly. For me for what I consider it shitcoin I always have a clear strategy, always comfortable with any investment even the top stuff so the difference is only better in terms of security more complete. And I believe that luck will come if we know how to create it.

memyselfandi

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Futurov

Definitely, that is why I don't really trust shitcoins. I hate the thing that is heavily reliant on luck or fortune because the possible outcone will always unclear and not sure. It is not worth the risk if that is the scenario. Always risk on something that you can calculate and measure so that you always have reference and basis on whatever the decision and action that you will do.

Expecto

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It is true story. If you are lucky enough, you would make insane profit from these meme coins. Honestly, I don't want to try my luck in these. Grin

I'm very happy with my other investments already.

Vaculin

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Winding down.

Quote from: Shasha80 on June 10, 2021, 05:57:29 PM

Quote from: Hypnosis00 on June 10, 2021, 05:24:27 PM

Absolutely, I've got some shitcoins in my wallet for several years that have been stuck and you know what? Some of them are totally shit while the others are shooting up like x10, x100. Maybe I was lucky enough to have those but I've waiting for how many years and in fact, I'd never mind checking on them until someone told me to check your ETH wallet as many shitcoins become bullish early this year. Totally surprising that it comes like that, yeah, I sell them while it still has value rather than to miss it.

So many people have the same experience as you, myself included also have some shitcoins in my wallet for years not being able to sell.
Therefore, if we have shitcoins if there is an opportunity to sell them, my advice is to sell them immediately, because if the volume decreases.
It's very difficult to sell them, because most shitcoins demand is very low. It is not recommended to hold shitcoins in the long term, the risk is
very high. If there are investors who manage to get profit from shitcoins, I think those investors are very lucky. Because these investors managed
to sell shitcoins at the right time.

We can't underestimate them, we really don't know for sure what will happen. If that we think they are shitcoins, leaving it there to our wallet is not a problem because we meant not to become a lucky person all the time But who knows someday it turns like a skyrocket.
Imagine from $0 it becomes $600, it can really be surprising and you might tell yourself how lucky I am.
But if you just throw it before, you will certainly be missing up.

Shasha80

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Quote from: Hypnosis00 on June 10, 2021, 05:24:27 PM

Absolutely, I've got some shitcoins in my wallet for several years that have been stuck and you know what? Some of them are totally shit while the others are shooting up like x10, x100. Maybe I was lucky enough to have those but I've waiting for how many years and in fact, I'd never mind checking on them until someone told me to check your ETH wallet as many shitcoins become bullish early this year. Totally surprising that it comes like that, yeah, I sell them while it still has value rather than to miss it.

So many people have the same experience as you, myself included also have some shitcoins in my wallet for years not being able to sell.
Therefore, if we have shitcoins if there is an opportunity to sell them, my advice is to sell them immediately, because if the volume decreases.
It's very difficult to sell them, because most shitcoins demand is very low. It is not recommended to hold shitcoins in the long term, the risk is
very high. If there are investors who manage to get profit from shitcoins, I think those investors are very lucky. Because these investors managed
to sell shitcoins at the right time.

pilosopotasyo

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Quote from: Looper_U on June 06, 2021, 02:00:31 AM

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

Investing in a shitcoin is like participating in a lottery, your chances to make money here is very slim, it's either you are on it in the early stage before it pumps or it's back by a big whale and you have an update when it will get pump and dump, many losses in this lottery game, players who have no update and late in dumping their coin if you are going to participate in a shitcoin, be sure you can dump it in time.

Luqman

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I don't think that it is related to big luck when trading new shitcoin. Well, although it is luck, how much luck we will get? I consider that it is more to thee skill on trading new coins listed in the certain exchange. Sometimes, the price will suddenly pump very highly after listing and then dropped to the beneath of the earth so suddenly. That is why it needs serious and professional skills and strategies to buy at dip and then sell when it pumps. Too late selling the token will impact on losing money. This is high risk.

Hypnosis00

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Absolutely, I've got some shitcoins in my wallet for several years that have been stuck and you know what? Some of them are totally shit while the others are shooting up like x10, x100. Maybe I was lucky enough to have those but I've waiting for how many years and in fact, I'd never mind checking on them until someone told me to check your ETH wallet as many shitcoins become bullish early this year. Totally surprising that it comes like that, yeah, I sell them while it still has value rather than to miss it.

Twinkledoe

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Quote from: Traderbtcc on June 10, 2021, 04:44:45 PM

Quote from: Looper_U on June 06, 2021, 02:00:31 AM

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

This is actually true no one advertises the losses they get for investing in shitcoins, you will only hear the good parts about how they invested a few hundreds and become fucking rich, the losses are more than the winnings, but the wins are celebrated than the losses, well whether we like it or not at the end of the day, there will always be some one in the losing end, I won't advise anyone to invest in a shitcoins, cause the ratio of winning is less than 1%.

Only few can get lucky in these meme coins or tokens. It is true, there will be more losers in this market. Because most of these meme coins will be abandoned very soon. So how can you sell a coin if the devs themselves already got away? So if you happen to invest in this kind of coin, better get out while you still can recover your investments plus a lil bit of profit. Don't aim that you will get 100x or 1000x profits, because that will happen in a very rare occasion.

Traderbtcc

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Quote from: Looper_U on June 06, 2021, 02:00:31 AM

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

This is actually true no one advertises the losses they get for investing in shitcoins, you will only hear the good parts about how they invested a few hundreds and become fucking rich, the losses are more than the winnings, but the wins are celebrated than the losses, well whether we like it or not at the end of the day, there will always be some one in the losing end, I won't advise anyone to invest in a shitcoins, cause the ratio of winning is less than 1%.

DatKing

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Yeah, I totally agree with you. It is like winning a lottery when it comes to meme coins. You should already be prepared for losing also. So it is better to risk an amount which you can make up for.

acener

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That's how it works if you think about it thoroughly you would know that your profit came from someone else loss.
We are buying and selling crypto to other people so they are either taking our profit or giving us our profit.
There's no way all of us would make a profit some would surely lose in order for others to succeed.

abel1337

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Quote from: Looper_U on June 06, 2021, 02:00:31 AM

All we keep hearing about is a guy who invested 100$ in meme coin and go home with 100,000$ but no one is talking about those guys who invested 10,000$ in meme coins and go home with zero $ , the truth is many losses more money than those who win investing in meme coin, it's like buying your fantasies when you know that your chances are very slim, meme coins are shitcoins but many don't want to accept just because someone make 100,000$ off the shitcoin haha

Ofcourse, Big gains get big hype. People just want positivity and like avoiding the real truth of investing in shitcoins. The hard truth is there are more people losing trading/investing on shitcoin than gaining on it. 100x is very eye-catching so articles and story publishers are taking advantage of it to gain more traffic on their own. Meme coin has its own risk and comparing it to good altcoins, The risk of it is very high that you can get bankrupt in less than a day. Investing in it is just gambling in my opinion, a High-risk high reward.

DoublerHunter

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Quote from: isaac_clarke22 on June 10, 2021, 03:06:49 PM

Quote from: ?? on ??

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Taking advantage of the hype, huh?
I am not that type of investor but I guess it is up to one's judgement. Doge was one hell of a meme coin and I could've expected that it is easily manipulated by celebrities that is why I ain't dropping any single money on that.

^ As I know low volume coins are easy to manipulate by large investors and even those celebrities can do this since they had enough wealth so that they can able to play the market price. If OP knows how to ride the hype, as I can see that is a very nice and clever move but I don't think it will long last, or probably you will lose once you cant monitor the market movement. Nevertheless, each of us has different tricks and techniques on how to gain money on cryptocurrencies, but wise investors should always pay attention to the coin that highly volatile but low risk.

isaac_clarke22

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Taking advantage of the hype, huh?
I am not that type of investor but I guess it is up to one's judgement. Doge was one hell of a meme coin and I could've expected that it is easily manipulated by celebrities that is why I ain't dropping any single money on that.

Shallow

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Well, I think most times, those who invest heavily on shitcoins with hope of cashing out big but ends up lossing, also opens up. This they do not for anything but to hear from people if there is a way to recover or just to let go of anger and maybe find some encouragement from people's responses, at the same time, a lot also do not open up in order to let go quickly than reopening old wounds.
Nevertheless, like you said, it can be classified as luck because everyone knows that shitcoins comes with greater risks when compared to other good coins, hence taking such steps of investing in them means you are ready for whatever that comes out.
Lastly, most people who might made it big from the shitcoin seasons could be newbies who just bought without any proper research. Nowadays, shitcoins season as I will call it, has come to an end or so I thought, and those who are trapped have learnt a lesson, showing that, whatever comes may, good coins can't be overlooked.

Topic: Not everyone can be lucky when it comes to shitcoins - page 6. (Read 1305 times)