Not everyone can be lucky when it comes to shitcoins - page 7.

Mauser

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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

It is like with lottery, there are few lucky winners who make insanely large amounts of money, but the majority of people don't win much at all. The problem is that is not cool to talk about people who didn't win big or even lost money. Articles need to be flashy and talk about the very lucky people. Personally I am not a fan of shitcoins, better to avoid them all together. There are so many good alt coins out there we could buy instead.

bamb

sr. member

Activity: 938

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I think there is absolutely no need to play shitcoin as it's a zero sum game! The chances of losing your money is very high and as it is, only few people make money in shitcoin investment! The owner of the coin and early investors are sure to profit from everyone else's losses!

devil2man

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there are also some (few) cases of investors who have staked very little on shitcoins and won / earned fortunes but in my opinion it is more luck than skill, to earn with a certain continuity with sheetcoins you need a lot of experience study of markets and a certain skill in trading

Darktongue

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Quote from: manggis97 on June 08, 2021, 11:21:19 PM

Im not lucky in this crypto market, I have seen 2 times of bull market but never make ROI up to 10x or more. I think people who did make 100x is very lucky. For me 10x ROI is already life changing, and this is really huge profit that difficult to raise in others instrument of asset, only in crypto bull run we can make it for short times, event just take less than 4 months.

Were you already seen bullrun 2 times without the current market bullrun situation? I don't know how it is possible that you didn't make a 10 times profit. Definitely you weren't active in the bullrun market, but I'm pretty sure you will get this time. Never rush to join in every project and hold your investment. The last year's project was Cartesi. I made 30-40 times profit from it because I hold it.

inanilujimi

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therefore I personally invest in meme coins will never be above $100, and never try to enter when the price is very high like over x 100, because you will become a victim of early investors. understand first before actually getting into the meme coin.

Sithara007

legendary

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Leading Crypto Sports Betting & Casino Platform

First of all, the aim of a shitcoin is not to make its investors rich. The ultimate aim is to create wealth for the promoters, probably at the expense of people who are willing to trade in these coins. If you have made profit from any of these projects, then you can consider yourself lucky. Because only the promoters will be knowing about the ideal occasion to dump these coins. You will hear only about the success stories and those who lost their money on these projects will hardly ever talk about it.

manggis97

member

Activity: 476

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Im not lucky in this crypto market, I have seen 2 times of bull market but never make ROI up to 10x or more. I think people who did make 100x is very lucky. For me 10x ROI is already life changing, and this is really huge profit that difficult to raise in others instrument of asset, only in crypto bull run we can make it for short times, event just take less than 4 months.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: gundala on June 06, 2021, 06:43:10 PM

Quote from: Review Master on June 06, 2021, 02:54:41 PM

None wants to learn how to do TA or FA, just find out shitcoins on shilling groups and jump into those without doing research. Also it's not just about luck as greed can be the reason to lose his/her funds even having the best luck. It's more than gambling with your funds where wining chance is close to zero if anyone just buy memecoin by being into fomo. Many new user just aped in new shitcoins to gain instant profits which isn't good at all. As always DYOR for anything and only invest those funds which you can afford to lose.

I have see a lot of phenomena like that lately. Many of the new ones who risked their money to join the Shitcoin project that was not clear product and its usefulness. Yes, some are lucky to enter the project at the right time. Others just shouted the scam when a big loss was trapped by Pump and Dump.
Unfortunately, many people are ready to profit but not ready to lose. Many people want great profits but don't want to learn the correct analysis techniques.

I think they are lucky to make a big profit from the shitcoin because we know that shitcoin will not go anywhere and will not survive for a long time. But we also know that it is hard to know which one is a shitcoin and only invest without knowing about it. People who are not lucky will always lose the money and will say that the project is a scam, and I think that is their mistake as they do not search for more information about the project and only follow what other people said.

gundala

full member

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Quote from: Review Master on June 06, 2021, 02:54:41 PM

None wants to learn how to do TA or FA, just find out shitcoins on shilling groups and jump into those without doing research. Also it's not just about luck as greed can be the reason to lose his/her funds even having the best luck. It's more than gambling with your funds where wining chance is close to zero if anyone just buy memecoin by being into fomo. Many new user just aped in new shitcoins to gain instant profits which isn't good at all. As always DYOR for anything and only invest those funds which you can afford to lose.

I have see a lot of phenomena like that lately. Many of the new ones who risked their money to join the Shitcoin project that was not clear product and its usefulness. Yes, some are lucky to enter the project at the right time. Others just shouted the scam when a big loss was trapped by Pump and Dump.
Unfortunately, many people are ready to profit but not ready to lose. Many people want great profits but don't want to learn the correct analysis techniques.

Review Master

sr. member

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BitByte Crypto: https://link3.to/bitbytecrypto

None wants to learn how to do TA or FA, just find out shitcoins on shilling groups and jump into those without doing research. Also it's not just about luck as greed can be the reason to lose his/her funds even having the best luck. It's more than gambling with your funds where wining chance is close to zero if anyone just buy memecoin by being into fomo. Many new user just aped in new shitcoins to gain instant profits which isn't good at all. As always DYOR for anything and only invest those funds which you can afford to lose.

livingfree

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Hire Bitcointalk Camp. Manager @ r7promotions.com

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

It is the truth that many don't want to discuss their losses.

That's the reality and sad truth that when there are losses incurred by an individual, he doesn't want to talk about it because it's shameful. Maybe someone had already advised him that don't invest in meme coins because it will only lead to losses.

And then it happened.

chikading2016

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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 into meme coin is risky, but if you are lucky and the meme coin you invested is rise you can earn a big amount of profit in it with a very small capital. I am buying meme coin but I prefer on meme coin that is a high volume investing on it is totally risky but there is a big profit on it if we are lucky and the meme coin we buy rises.

Kehindem

jr. member

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Yes, what I notice is that, some coin pretend to be good and reward their first participant and later take advantage of the latter investors.

Vatimins

sr. member

Activity: 987

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Blue0x.com

What can I say? People just doesn't care about valuable information unless it aligns with what they want to believe in for themselves, let alone information that only affected others and not themselves. That's just how most of the people in this industry are based on how many people jump into countless sh*tcoins nowadays. All because of a few tweets from Elon Musk along with exaggerated promises from sh*tcoin developers. Oh well, each to his own. There isn't anything better of a teacher than experience itself. Though sad, the only way is for this people to learn the hard way.

Ghondronk

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https://exiptoken.io/

When it comes to Meme coins, it is matter of fact that you enter and exit at right times. Otherwise, there is a higher probability to be ended up in the losing side. I agree with the statement you have made and what I believe is the trend we have seen with respect to meme coins in last month or so has already come to an end. I think people will no more believe on these high-risk stuff which does not have any sort of base. Time has come to rely more on "Real" cryptos and NFTs.

KimmyF

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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

In my research, everyone can be lucky if they don't invest in low volume new altcoins. As volume profit chances will be thicker. We should invest at a low price and wait some years or you should be lucky as those invested in Dogecoin. Why would someone like to buy any shit altcoins because we saw the shit altcoins effects in 2019 after the bullrun over.

Golftech

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Quote from: 1l1l11ll1l on June 06, 2021, 11:05:49 AM

What do you expect from shitcoins? if you are able to earn hundreds or even thousands of times, then you can also vice versa, losing up to thousands of times. Shitcoin is not an investment strategy and calculation, because almost all investments are based only on signals and luck, and such things are definitely high risk

High risk and the chance is very slim not unless you have someone who are part of the developing team who can provide

information, you can make a good call before everything went bad to this shit asset, you can sell everything before the huge dump

happen, better to think more wiser.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: sana54210 on June 06, 2021, 11:39:11 AM

I have seen people put their RENT MONEY into shitcoins like shiba, I can't understand how people think that it is normal to do something like that, you may not pay your rent that money if that coin goes down, how in the hell do you do that. Only reason I found that out is they made profit, but that was really a stupid move anyway.

This is not a new trend, in the past people used their credit card to invest in cryptocurrency market to make a quick profit and many burned their money and that is what we are seeing when they see meme coins like Dogecoin rally, they find for alternatives to invest thinking that they could make a huge profit as well and the end up loosing everything.

If anyone is interested in investing in any market make sure you make your decision when the market is on a correction phase and it is not wise to make those crucial decisions when the market is already rallying or when the market is looking for its direction and anyone doing any form of investment in a bull run are bound to loose money if you are not careful.

sana54210

legendary

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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

Honestly if you are trying to make money from shitcoins and you end up losing, that is your own fault, you should not look for a mistake in anyone. Which is why I do not invest into shitcoins with any serious money, there is no need to spend money like that when you know that there is no money to be made from shitcoins. If you invest and you get lucky and you make some money, that is good for you, I mean nobody can take that away from you, however that is just luck and you should not do something like that ever, you should stay away from doing it if you are really risking your money.

I have seen people put their RENT MONEY into shitcoins like shiba, I can't understand how people think that it is normal to do something like that, you may not pay your rent that money if that coin goes down, how in the hell do you do that. Only reason I found that out is they made profit, but that was really a stupid move anyway.

1l1l11ll1l

legendary

Activity: 1274

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What do you expect from shitcoins? if you are able to earn hundreds or even thousands of times, then you can also vice versa, losing up to thousands of times. Shitcoin is not an investment strategy and calculation, because almost all investments are based only on signals and luck, and such things are definitely high risk

Topic: Not everyone can be lucky when it comes to shitcoins - page 7. (Read 1305 times)