SHIT COINS WILL ALWAYS DISAPPOINT - page 27.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: Sebas.tian on March 21, 2019, 11:46:15 AM

You have only yourself to blame. You got blinded by profit and didn't think prudently. It is a known fact that shitcoins dump whenever they get listed and never recover after that. If it does recover, it is only manipulated by pump and dump groups to lure idiot investors into the bull trap.

True, we should do our research before investing to something. There is no harm in trading shitcoin if the person's aim is to have profit, just make sure you use the money you can afford to lose. Market had been heavily manipulated ever since, whether it is shitcoin or not. At the end of the day, it is the timing of when to buy and sell that counts.

maianh09

full member

Activity: 672

Merit: 100

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I have to come realize that because someone made huge profit from a newly listed coin or a shitcoin doesn't mean it will go the same way of profit for you.

I had bought some few shitcoins and newly listed coins that were making some waves, those coins are currently a shadow of their entering prices. I should have left my money in bitcoin instead of gambling with my bitcoin and end up been burnt. Some of these project have technical issues, which I think will end up killing the project.

We can always play safe with bitcoin/fiat or bitcoin/USDT or just leaving our holdings in good altcoins rather than getting on a rat race chasing shitcoins for possible Lambo, which in effect will lead to wrecking and regretting.

Choosing Shitcoin is always a big chance game if you do not have information from the development team, you will undoubtedly lose money in investments. So investing in Shitcoin is risky and risky so you should not choose this form.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Of course they are going to be a disappointment. Those shit coins are made by the (shit) developers just to make some quick profit. They pumping of the price makes other users greedy and they start chasing after those profits. And once the price have been pumped enough, the coins get dumped by developers and then the coins eventually dies. Only those who entered and left the market first (usually the makers of the coin) makes the profit, while the rest of the users suffers huge loss!

Huskarls

member

Activity: 364

Merit: 10

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I have to come realize that because someone made huge profit from a newly listed coin or a shitcoin doesn't mean it will go the same way of profit for you.

I had bought some few shitcoins and newly listed coins that were making some waves, those coins are currently a shadow of their entering prices. I should have left my money in bitcoin instead of gambling with my bitcoin and end up been burnt. Some of these project have technical issues, which I think will end up killing the project.

We can always play safe with bitcoin/fiat or bitcoin/USDT or just leaving our holdings in good altcoins rather than getting on a rat race chasing shitcoins for possible Lambo, which in effect will lead to wrecking and regretting.

Well, actually this also includes good news because you learn new things about this. Other people may have got it first, (that's why their profit are bigger than us). Then he told the newbie trader to buy the coin and when he felt the price has rising good enough, He was become the man who sell his own token.

Theb

hero member

Activity: 1680

Merit: 655

I know a lot of people wants to have the next Bitcoin (price movement wise) that is why they will always spend hours looking at ICOs, and they tend to always choose the ICO who has a lot of hype and promotions backing it. For a newbie this may look like to them that the ICO has a lot of supporters but the thing is hype does not translate to the ICO being successful, at the end most of them fell victim and the ones hyping it are the only ones who took profit from the ICO. People could really avoid the hype they are seeing just by doing a little bit of research and try to find out the hype behind it. But for newbies this doesn't really happen as they always believe what others are saying in the internet, and its enough for them to participate in it.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I had bought some few shitcoins and newly listed coins that were making some waves, those coins are currently a shadow of their entering prices. I should have left my money in bitcoin instead of gambling with my bitcoin and end up been burnt. Some of these project have technical issues, which I think will end up killing the project.

Sounds like you pretty much gave in to FOMO when those shitcoins were going up in value after getting listed...Little did you know that there are always the 'early adopters', the kind of people who spread their fiat among several shitcoins with the hope that one or more will get listed (that's pretty much a gamble) and will skyrocket in value just so they can dump on the newcomers. You learned the lesson the hard way, better late than never.

teejayrichard2

member

Activity: 574

Merit: 12

It is a known thing shitcoins always disappoints. Initially, especially when they just get listed,you see some pumping and people make lots of profits which then attracts people to but hoping to make profit quickly. But then you have to be careful when buying any coin as most coins now have no future. If you not sure of which coin to buy, seek the advice of someone with experience or just leave your investment in Bitcoin.

joeperry

sr. member

Activity: 2184

Merit: 470

Telegram: @jperryC

You were enlightened by your mistake and thank you for sharing it to the community so new investors will be aware. I also tried that since I noticed investing to new listed coins is much profitable rather than investing to ICO and realize that it's also risky and much risky as well but I also like your thinking that a person should stick to BTC and USDT. The bitcoin has a high volume which can be a great investment and the USDT is a stable type of coins in exchange.

Sandus_Cryptolover

jr. member

Activity: 482

Merit: 3

Lessons learned the hard way can never be forgotten. It's called shitcoin simply because it has no future but only available to those that are smart enough to make profit from it by dumping on late investors. I often avoid shitcoins.

coins2018

newbie

Activity: 36

Merit: 0

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I have to come realize that because someone made huge profit from a newly listed coin or a shitcoin doesn't mean it will go the same way of profit for you.

I had bought some few shitcoins and newly listed coins that were making some waves, those coins are currently a shadow of their entering prices. I should have left my money in bitcoin instead of gambling with my bitcoin and end up been burnt. Some of these project have technical issues, which I think will end up killing the project.

We can always play safe with bitcoin/fiat or bitcoin/USDT or just leaving our holdings in good altcoins rather than getting on a rat race chasing shitcoins for possible Lambo, which in effect will lead to wrecking and regretting.

yes true shitcoin always disappointed to everyone but sometimes shitcoins go to the moon

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Always been a problem around, those shit coins who promise a lots and give ambitious goals are projects that nothing at the end, we seen a lots of them being offered everyday, it's give some hope that if the coins succeeded it can bring huge profits, realizing reality, nothing's happen but a broken promises.

OlympianBitcoin

jr. member

Activity: 45

Merit: 8

Quote from: Sebas.tian on March 21, 2019, 11:46:15 AM

It is a known fact that shitcoins dump whenever they get listed and never recover after that.

Not true. But then again... when you deal with such a coin that succeeded and kept a decent position (and not due to pump dump) maybe it would be right to call it something else than SHITcoin Undecided

Sebas.tian

full member

Activity: 2100

Merit: 174

You have only yourself to blame. You got blinded by profit and didn't think prudently. It is a known fact that shitcoins dump whenever they get listed and never recover after that. If it does recover, it is only manipulated by pump and dump groups to lure idiot investors into the bull trap.

OlympianBitcoin

jr. member

Activity: 45

Merit: 8

It depends on the shitcoin. Sometimes, if you enter early, it IS possible to make a profit, assuming you picked the right one. But the right project needs to have a use case, solid dev team and frequent updates. Or at least VERY passionate support from the community which in turn leads to some noise around it (don't mistake with spamming because that's different).
However, they are all pretty dangerous during the bear so you need to be ready to hold through bear market and execute patience

stfN2128

member

Activity: 882

Merit: 14

Investing in shitcoins is always risky but could be very very profitable Cheesy

in the end its up to your risk affinity.. being on the save side means investing in "real" projects. they also can give you a good return. so its better to invest in those preojects than risking to lose everything Wink

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

I know what you mean. I have invested to a coin myself with great hopes since the team executed good to have an impression in the forum and so I tried sending some funds to see if its going to be profitable for me. When finally they got into an exchange, prices crumbles and the teams promises are just promises. You just can't expect something from greedy guys.

tegarp90

full member

Activity: 546

Merit: 100

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I have to come realize that because someone made huge profit from a newly listed coin or a shitcoin doesn't mean it will go the same way of profit for you.

I had bought some few shitcoins and newly listed coins that were making some waves, those coins are currently a shadow of their entering prices. I should have left my money in bitcoin instead of gambling with my bitcoin and end up been burnt. Some of these project have technical issues, which I think will end up killing the project.

We can always play safe with bitcoin/fiat or bitcoin/USDT or just leaving our holdings in good altcoins rather than getting on a rat race chasing shitcoins for possible Lambo, which in effect will lead to wrecking and regretting.

Because of shitcoins that just aiming for exchange price, the "real" good project will be shadowed by them. Investors will scared to invest in a long term, they just hit and go with the project.
This means bad for new crypto startup to create a trust for investors

Jating

hero member

Activity: 2842

Merit: 772

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I have to come realize that because someone made huge profit from a newly listed coin or a shitcoin doesn't mean it will go the same way of profit for you.

Good for you, at least at this point of your crypto journey, you realized what shitcoins really means, lol.

Quote from: betty11 on March 21, 2019, 08:57:29 AM

I had bought some few shitcoins and newly listed coins that were making some waves, those coins are currently a shadow of their entering prices. I should have left my money in bitcoin instead of gambling with my bitcoin and end up been burnt. Some of these project have technical issues, which I think will end up killing the project.

Right, bitcoin is the right invested at this bear market. Those shitcoin will be just used by a lot of bad actors to put their narratives, to earn more money from noob investors.

Quote from: betty11 on March 21, 2019, 08:57:29 AM

We can always play safe with bitcoin/fiat or bitcoin/USDT or just leaving our holdings in good altcoins rather than getting on a rat race chasing shitcoins for possible Lambo, which in effect will lead to wrecking and regretting.

There are altcoins, specially in the top 5 to be a good investment long term. As I have said, it's hard to chase shitcoins who going to be like x100 or x1000. Just put your money on bitcoin and you will be safe in the long haul.

Slow death

legendary

Activity: 3150

Merit: 1125

Leading Crypto Sports Betting & Casino Platform

This reminds me when I bought a certain shitcoin. Dev made promises that he was opening a casino and he had a license. So people started buying the shitcoin and the shitcoin prices increased more than 100% in 2 days, when Dev showed the casino, it was a big disappointment and the price fell a lot. I had a 5% profit only, that's because I went in late and thought the shitcoin was a good project, but I was wrong. Altcoin are very dangerous investments. I see things that shock me, like hell it can be possible an altcoin to have 300% increase just because the creator of altcoin made a twiter saying that the altcoin will have rebrandi of the logo or that the altcoin was added in binance?

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

I hope that you will not make the same mistake. Many people were attracted to buy shitcoins because of the news. They don't even research the project, and they only follow what other people said. They think that after they buy for 0.01 btc for that coin, in one year later, the coins will increase 100x but unfortunately, the shitcoin cannot do that.

I think you only need to invest the coins which already have a good position and top 100 coins list will be a good choice for you to invest. But you can also make a small list for top 10, top 20, or top 50 and then you can select and analyze the coins until you want which coins that will have potential to increase in the future.

Topic: SHIT COINS WILL ALWAYS DISAPPOINT - page 27. (Read 2665 times)