Shitcoins are complete shitcoins this time around

isaac_clarke22

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Quote from: PerfectCircle on November 25, 2020, 01:34:37 AM

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In the end shitcoins gonna be dumped anyway, that's why they're called shitcoins for a reason. Dunno who still keeps holding into that though.
And what's worse is that people still buy them when Bitcoin becomes bullish at times then they complain that they don't earn any single penny from it.

coin-investor

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Quote from: PerfectCircle on November 25, 2020, 01:34:37 AM

Don't go around packing some shitcoins to take advantage of altcoin season, I had a friend who is doing this presently thinking that the market will perform just like 2017 bull market where many shitcoins brings insane amount of profits for their holders, as you can see presently only top altcoins are benefiting the most out of the present bullrun, it's more about project's use cases and utilities, not some unrealistic Hypes anymore

This is 2020 those picking just any coins now had a mindset of 2017, where people back then are just picking any coin without knowing about their platform, we should be matured now to know that only coins with usage and platform that the community is supporting are the only coins that will have to be pump when the bull run comes.
So better check if you have in your wallet coins that will turn out to be shitcoins.

Ryushin

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Quote from: PerfectCircle on November 25, 2020, 01:34:37 AM

Don't go around packing some shitcoins to take advantage of altcoin season, I had a friend who is doing this presently thinking that the market will perform just like 2017 bull market where many shitcoins brings insane amount of profits for their holders, as you can see presently only top altcoins are benefiting the most out of the present bullrun, it's more about project's use cases and utilities, not some unrealistic Hypes anymore

What are the type of shitcoins you referring to? Some shitcoins have no single Volumes and they end up getting delisted on crypto exchanges, this type of shitcoins are near their dead end cycle but as for shitcoins that are still trading on exchanges they still have hopes left, forget the fact that they have low values like 0.0008$ or something like that, they can still bring good value in future

ecnalubma

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Well if you still have those shitcoins that you bagged in 2017 then definitely your statement is right, the market is very much awake now while most of the shitcoins are still asleep or considerably dead. Its a lesson that we should pick carefully what we put in our baskets, always consider the purpose of the coin or token that we are buying. Lets make year 2017 the best reference for our future decisions.

Balladtony77

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Many people invests in crypto projects by their utilities and it's easier for newbies to join crypto train by going for top altcoins but there are thousands of people who don't want to learn, they invest on coins because of different reasons like FOMO and Hypes, so who said that shitcoins don't have Hypes? There is real and fake hype you know

ARTCOINSLV

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Quote from: PerfectCircle on November 25, 2020, 01:34:37 AM

Don't go around packing some shitcoins to take advantage of altcoin season, I had a friend who is doing this presently thinking that the market will perform just like 2017 bull market where many shitcoins brings insane amount of profits for their holders, as you can see presently only top altcoins are benefiting the most out of the present bullrun, it's more about project's use cases and utilities, not some unrealistic Hypes anymore

There have always been and are people who will take risks.
Investing in shitcoins is a big risk, but for that, tou can get a fortune for a small amount, if you're lucky. ))

Novatech8

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Once a dead coin forever stays a dead coin if this is not the case there is still hope because people can still invest on such projects, volumes can still be build through listed exchanges, today people like taking risks for their own reasons, I've seen people gathering shitcoins that have lose 99% of value for pump sakes so if you have many shitcoins keep holiday your horses

Bitstar_coin

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It depend on what @op regarded as shit coin, one thing i notice with most crypto users is that once a project price is down regardless of the innovation behind it, it automatically turn shit coin just because the price is down, many people use price as yard stick to measure project and tag them as shit coin,
i know that not all alts are shit coin, so if your friend is buying alts because he sees potential in them i don't see the problem, after all even btc & eth was once regarded as a "shit coins" before they becomes everyone's favorite Grin

TitanGEL

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Quote from: ?? on ??

Now is the time to collect shitcoin that long is no longer worth it and now is the right time to choose shitcoin that has potential and we will definitely get maximum results like in 2017 even though for now the shitcoin movement is not above its maximum but this is our chance to hold some shitcoins that will experience a big increase,now we can see the progression of the shitcoin is very promising.

Collect shitcoins? are you even serious for that? why will you collect shitcoins that doesn't have value anymore? For sure it will be instant loss if you will buy shitcoins because those are the coins that should not give care. I do not even see a progression in shitcoins so I do not prefer it and I always staying away from it. If you are a high risk investor where you only have 2 choices which is to earn big or to lose big then investing in shitcoins can be a prefer investment with you but if you are a type of investor who have low risk tolerance then it is better if you will just focus on promising altcoins and forget about shitcoins.

I do not have any plan in putting my money in that kind of coins because I am really sure that the probability of getting back my investments are really low so I stay lowkey and focus on acquiring good altcoins.

pealr12

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Quote from: joseyphil82 on November 26, 2020, 05:14:22 AM

It's possible to still make some $ from shitcoins because there are many who still likes investing money on cheaper coins, they believe that coins that values at 0.0003 or less are the best, they will have more quantities at hand and if altcoin season do happens they make thousands of dollars easily, believe me I've seen those who do this

Of course people do this - even i do sometimes- but the risk is much higher now than before, few years back during the great crypto boom, any shit coin was money because in any way it will pump as a result of the market, but now the story is quit different, if you do this and the project did not go as expected it means you are left with bags of shit coin.

joseyphil82

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It's possible to still make some $ from shitcoins because there are many who still likes investing money on cheaper coins, they believe that coins that values at 0.0003 or less are the best, they will have more quantities at hand and if altcoin season do happens they make thousands of dollars easily, believe me I've seen those who do this

lxiaoh

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I had the same fancy before，there are vary kinds of coin in my wallet and i not willing to sell them, always fantasize the price up up up, now they almost all deadcoin and lying quietly in my wallet.
I had an expensive lesson, i hope all you guys do not make the same mistake like me.

Psynthax

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Yeah, the market right now really different compared to 2017 where there was just pure madness back then in that year and everything is driven by the hype while right now instead we're driven by innovation and benefit of the project to our community.

Expecting a shitcoin go be pumped is simply delusional at this point except there's gonna be a market manipulation. Otherwise, forget about shitcoin going up because I'm sure that's not gonna happen. Everyone in the market I suppose is wise enough to think twice before throwing money.

Banulit

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Quote from: PerfectCircle on November 25, 2020, 01:34:37 AM

Don't go around packing some shitcoins to take advantage of altcoin season, I had a friend who is doing this presently thinking that the market will perform just like 2017 bull market where many shitcoins brings insane amount of profits for their holders, as you can see presently only top altcoins are benefiting the most out of the present bullrun, it's more about project's use cases and utilities, not some unrealistic Hypes anymore

Even though there is a pump and slow bullish run happening to the bitcoin and several top rank altcoins, still there is no guarantee that shitcoins will also get a huge pump and will be very beneficial to invest with because the scenario happen previously last 2017 its totally different from the bull run happening this year.

rahmatullah9305

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Quote from: ?? on ??

I sunk $20k into nimiq and now its down 75%. I moved all my money out of shitcoins into stocks.

Then why were you tempted by shitcoin? Are you persuaded by the lure created by them to sink $ 20k into that shitcoin? and was your awareness of shitcoin still lacking at that time? you try to tell here.

Ludmilla_rose1995

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Quote from: restuibu on November 26, 2020, 03:02:36 AM

Quote from: Ludmilla_rose1995 on November 26, 2020, 12:40:17 AM

Shitcoin in the Alts season will also provide profit if we not holding for a long time. I also bought some shitcoins for short-term trading. if it has made a profit, then I will sell it. greed for too long holding Shitcoin will lose our money.

shitcoin usually has no volume in the market and how do you sell it and make a profit? I think shitcoin will not be affected by the bulls at this point, can you tell us what shitcoin you mean?

Shitcoin I mean is coins or tokens that have recently entered an exchange. The coins or tokens that are sold in an ICO like this. Usually, they have a price increase and are then dumped without any increases again.

pealr12

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Quote from: PerfectCircle on November 25, 2020, 01:34:37 AM

Don't go around packing some shitcoins to take advantage of altcoin season, I had a friend who is doing this presently thinking that the market will perform just like 2017 bull market where many shitcoins brings insane amount of profits for their holders, as you can see presently only top altcoins are benefiting the most out of the present bullrun, it's more about project's use cases and utilities, not some unrealistic Hypes anymore

Yeah, hype no longer work for the most part of it, this time there is a new approach to price increase, before it was just about any project will pump because of the bull season, it is better to focus more on project with actual utility than just a mare fancy website and white paper, in the case of your friend, i hope he will profit from all he has bought otherwise it will be another sad story in crypto.

JHORN

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Quote from: adzino on November 26, 2020, 03:29:18 AM

Not sure what this "altcoin season" is, but its true that when the price of bitcoin starts to rise all those shitcoins starts to pump their coins tricking people into investing in those coins. And lets not forget about those DeFi hype that is going on. Even dead projects are adding the word "DeFi" to revive their projects and it is working for them! People are falling for those trap and investing in those shitty projects. I remember reading few articles about how some DeFi projects already exit scammed people. Won't be surprised if we see more scams like this.

True it's so shocking how some projects with different use case end up adding DeFi out of nowhere this year, such projects shouldn't be patronize if you are smart, every projects are trying to take advantage of any new hype in crypto space, it shows that the team are scammers, now that bullrun is here we will see even more scam projects

adzino

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Not sure what this "altcoin season" is, but its true that when the price of bitcoin starts to rise all those shitcoins starts to pump their coins tricking people into investing in those coins. And lets not forget about those DeFi hype that is going on. Even dead projects are adding the word "DeFi" to revive their projects and it is working for them! People are falling for those trap and investing in those shitty projects. I remember reading few articles about how some DeFi projects already exit scammed people. Won't be surprised if we see more scams like this.

speedforce

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Quote from: robattfield on November 25, 2020, 03:49:27 AM

If you have considered it as shitcoin then i think there is no reason to convince investment, or just that you went through and bought the tokens of the project meaningless and you are waiting in vain. In this market there are a lot of scam projects created, and even projects that have bump dump.

This true, why someone could invest on some shit? i think if someone invest on it, they think it have some value on it. Only mindless person which invest on shit. I mean if the price is low now, maybe its not shitcoin, just an undervalue coin. cmiiw

Topic: Shitcoins are complete shitcoins this time around (Read 478 times)