Just like bitcoin, market timing is important with anything that isn't Bitcoin.
Just like bitcoin, the more you know about it and its market, the better you can do.
Just like bitcoin, if you hold it, it will go up during the bull periods, and down during the bear periods.
Markets and changes in technology are only accelerated in altcoins and tokens. If you aren't on top of what you are doing, volatility can be wild, and if the idea or technology is superseded, it can easily never come back. Yes, don't just jump into things and hold them as if they are as reliable as Bitcoin. In this case, you will burn money. However if you are active, do due diligence, etc, then you can do well in the right periods.
Topic: You will burn - page 6. (Read 1047 times)
Shitcoins always crash because they are short-term scams. They are created only to make developers rich from selling their premine, that's it. The devs invest in marketing - they buy bountyhunters, bloggers, press releases, pay influencers to shill and it all makes crypto investors fall for their scam because they never learn, despite the same pattern being repeated thousands of times.
This is probably what bothers me the most about this, I can understand that newbie investors may believe themselves to be so capable that they pick a shitcoin thinking they are better at this than the rest of investors, but once they get scammed they should stop that behavior, if this was what was happening the number of shitcoins on the market will be reduced to a much more manageable number, but they never learn, and instead they keep investing in shitcoins hoping that this time will be different.
Shitcoins always crash because they are short-term scams. They are created only to make developers rich from selling their premine, that's it. The devs invest in marketing - they buy bountyhunters, bloggers, press releases, pay influencers to shill and it all makes crypto investors fall for their scam because they never learn, despite the same pattern being repeated thousands of times.
Well, shitcoins or memecoins are cryptocurrency coins that are a trap for newbies in investing in crypto. Little do they know, yes, it is an attractive and eye-catching coin, but the thing is, these coins are meant for beginners, thinking that they could earn from it as the price is not much and affordable. But that's the trap. Some shitcoins or memecoins either scam or just one time ATH and will fall drastically. If you are a good trader or flip coins, you know when to buy this coin and take advantage of its one-time ATH, which is a good time to sell the asset before it falls down. Many traders do this, but the thing is, it's too risky and dangerous. Without enough charts or technical analysis, you will not find the opportunity to earn and end up losing, and beginners are not meant for this kind of method of investing.
Having shitcoins is too risky it's a do or die choice. There's no certain point that it will go up or go down in any way that you could expect. But once it go up, your investment sure will sky rocketed multiple times but once it dumps, it's the end of your investment if you can't save it on time because it can go up or down easily and lost your investment overnight. Unlike bitcoin that once it drop it still manageable once it pump it's way more better.
Just as the title of this thread, your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.
Some people think the bitcoin price is already high, and even if they invest in bitcoin currently, they won't be making a high return. They will end up going for shitcoins without knowing that they are setting trap for themselves. If you invest in bitcoin now and are ready to hold it for a long term, if you can do so, then you will be getting a high reward from bitcoin as well, and you will have peace of mind because the risk involved in bitcoin is less than the risk involved when investing in shitcoin. A shit coin can crash at any moment and all your money will be gone. Some shit coins are created just to scam investors, and if you are looking for quick money, then you will end up falling victim. 
Altcoins has a special feature customized to alts alone which is, " pump now and dump later". And that's what makes them not suitable for long term plan because they are a hit and run project which makes investment in altcoin no different from gambling.
Not more than two years I started doing DCA in bitcoin I can attest to how much of a portfolio I have been able to accumulate with the confident that come rain or shine I won't lose in as much as I keep holding throughout the raining times (bear) that at sunset (bullrun) profit will abound. This confidence is what altcoins can't guarantee you when it dumps due to a long bear market.
Not more than two years I started doing DCA in bitcoin I can attest to how much of a portfolio I have been able to accumulate with the confident that come rain or shine I won't lose in as much as I keep holding throughout the raining times (bear) that at sunset (bullrun) profit will abound. This confidence is what altcoins can't guarantee you when it dumps due to a long bear market.
You will only get burned if you prioritize altcoins over bitcoin. But if you are wise in your investment and you maximize bitcoin investment over other shit coins or altcoins, then you have nothing to worry because in the end, you will still be more profitable with bitcoin even without the presence of altcoins. Altcoins are just a pump and dump scheme, so you can't trust majority of them that they will sustain their value for long.
However, if you invest into altcoins for short term and with an amount that you are comfortable losing, then most likely that will not create problems for you. There will only be problems if you focus on altcoins because of their too good to be true promises that are most of the time fails in the end. So always invest wit caution and always stick to bitcoin.
However, if you invest into altcoins for short term and with an amount that you are comfortable losing, then most likely that will not create problems for you. There will only be problems if you focus on altcoins because of their too good to be true promises that are most of the time fails in the end. So always invest wit caution and always stick to bitcoin.
I mine BTC and Ltc/Doge
I hold far more btc than the other two.
but back in the day When doge was cheap I hodl a lot of it. I made really good money with it.
From the beginning, we already know that altcoins or even shitcoins are not a comfortable place to be used as investment material because there is not an investment but gambling in the hope that the shitcoins we buy are licked by several whales and pumped in such a way for their personal gain.
For bitcoin today everything is clear that indeed they are a worthy place for future investment and we all never hesitate to say that even though there are indeed several situations including a fairly deep crash before but it is precisely the right momentum to add to the protopolio that we have.
I am quite happy with the results that are happening now and the purchases I made from the start when bitcoin fell to $15k until it rose again have shown good results and there are certainly a lot of people who feel the same way now. Now we just have to keep waiting for the target we want to achieve because sooner or later it will happen.
For bitcoin today everything is clear that indeed they are a worthy place for future investment and we all never hesitate to say that even though there are indeed several situations including a fairly deep crash before but it is precisely the right momentum to add to the protopolio that we have.
I am quite happy with the results that are happening now and the purchases I made from the start when bitcoin fell to $15k until it rose again have shown good results and there are certainly a lot of people who feel the same way now. Now we just have to keep waiting for the target we want to achieve because sooner or later it will happen.
You will only get burned if you prioritize altcoins over bitcoin. But if you are wise in your investment and you maximize bitcoin investment over other shit coins or altcoins, then you have nothing to worry because in the end, you will still be more profitable with bitcoin even without the presence of altcoins. Altcoins are just a pump and dump scheme, so you can't trust majority of them that they will sustain their value for long.
However, if you invest into altcoins for short term and with an amount that you are comfortable losing, then most likely that will not create problems for you. There will only be problems if you focus on altcoins because of their too good to be true promises that are most of the time fails in the end. So always invest wit caution and always stick to bitcoin.
However, if you invest into altcoins for short term and with an amount that you are comfortable losing, then most likely that will not create problems for you. There will only be problems if you focus on altcoins because of their too good to be true promises that are most of the time fails in the end. So always invest wit caution and always stick to bitcoin.
Investment in Bitcoin is indeed the most safe-haven while shitcoin investment is like a double-edged sword, it could provide a good end means and it could also be the worse nightmare. However, nothing bad in venturing into shitcoin investment if you know how it works against Bitcoin during the halving effect market which is also the time all good shitcoin performs better.
The beginning was the same that it was about shitcoin that would provide high returns but because of the wrong choice of shitcoin and the average shitcoin in the end became rugpull cheating all investors who bought the coin.
I am now no longer targeting any coins let alone shitcoin all have been discarded because past losses can never be recovered, now focusing more on DCA strategies that are more efficient than just momentary gains while DCA is the most common strategy, but in this way many people have collected as many bitcoins as possible, from the results of their average purchase then it will definitely be profitable especially starting DCA from last year.
I am now no longer targeting any coins let alone shitcoin all have been discarded because past losses can never be recovered, now focusing more on DCA strategies that are more efficient than just momentary gains while DCA is the most common strategy, but in this way many people have collected as many bitcoins as possible, from the results of their average purchase then it will definitely be profitable especially starting DCA from last year.
That is why I am not jealous of people boasting their profits with altcoins. That's how they do it but I have my own strategy.
I will not get to the point that they made more with altcoins but I'll just wait for the right time to look at how more profitable it was with Bitcoin.
Well, to each their own and we have our own designations on our investing journey here in crypto.
I will not get to the point that they made more with altcoins but I'll just wait for the right time to look at how more profitable it was with Bitcoin.
Well, to each their own and we have our own designations on our investing journey here in crypto.
I've always sold shitcoins that I won or got for free from airdrops and I can tell you a thing or two about how these things turned out:
When I got BSV I sold it after a few months @$200 a coin. A year later it doubled and briefly reached $400 but you had to be lucky to sell at the top. Since May 2021 it kept going down an now is going for $50.
If you turned your BSV into bitcoin in 2019, you made a lot of profit, but if you held you lost a lot.
At the same time I got rid of BCH that I got for free as well. I sold in 2019 @ $400 and again turned it into bitcoin. The coin had its moment in 2021 when it went to $1,5k but again you had to be lucky to dump it all into euphoria. Instead I turned 2 BCH into 1 BTC in 2019 and even at current prices that BTC is worth 4x what I paid for it, but BCH is worth 40% less than what I sold it for.
It's just 2 examples of how shitcoins do against bitcoin. You can get lucky and get a brief moment when they outperform bitcoin but most of the time it will be the other way round.
When I got BSV I sold it after a few months @$200 a coin. A year later it doubled and briefly reached $400 but you had to be lucky to sell at the top. Since May 2021 it kept going down an now is going for $50.
If you turned your BSV into bitcoin in 2019, you made a lot of profit, but if you held you lost a lot.
At the same time I got rid of BCH that I got for free as well. I sold in 2019 @ $400 and again turned it into bitcoin. The coin had its moment in 2021 when it went to $1,5k but again you had to be lucky to dump it all into euphoria. Instead I turned 2 BCH into 1 BTC in 2019 and even at current prices that BTC is worth 4x what I paid for it, but BCH is worth 40% less than what I sold it for.
It's just 2 examples of how shitcoins do against bitcoin. You can get lucky and get a brief moment when they outperform bitcoin but most of the time it will be the other way round.
Shitcoin is not a real investment but people put hope in shitcoin because they want a momentary pump to generate greater profits but never expect shitcoin as an investment because this token will eventually burn too and never return to its real price.
Beginners have a lot of hope in shitcoin and consider this as an ordinary investment just following the growing hype and seeing others to but when he entered on shitcoin then he himself will experience losses.
Now that they have benefited by doing DCA for years and have now generated a higher ROI, but they will not sell faster because the potential for the price to rise will be even greater.
So the best choice of investment in crypto is Bitcoin.
Beginners have a lot of hope in shitcoin and consider this as an ordinary investment just following the growing hype and seeing others to but when he entered on shitcoin then he himself will experience losses.
Now that they have benefited by doing DCA for years and have now generated a higher ROI, but they will not sell faster because the potential for the price to rise will be even greater.
So the best choice of investment in crypto is Bitcoin.
An experienced investor HODL Bitcoin rather than trade.
The next thing would be fake pumps that will lead to further losses
The best is to buy the dip after confirming reason for said dip
Like OP said holding an altcoin especially those with no real use
Its worse than gambling.
The next thing would be fake pumps that will lead to further losses
The best is to buy the dip after confirming reason for said dip
Like OP said holding an altcoin especially those with no real use
Its worse than gambling.
What you said is absolutely true. I lost a lot by investing in shitcoins a long time ago. It's been dumped hard during the bear market, and my portfolio has become almost zero. It was never pumped, even though Bitcoin reached ATH again. Probably the team scammed us; hence, many exchanges delisted them and lost funds forever. After that, I am not much interested in altcoins, especially shitcoins. Even when I invest in altcoins for a short period of time, I only invest in the top coins. But I always prefer to invest in Bitcoin, definitely. It will recover once a day, whereas shitcoins never recover their prices.
Bitcoin I have been said and proven to be one of the safest digital assets to invest and hold for a long period of time.
But it’s all left with anyone who want to make an investment to decide which one they want to invest on it’s there money and there personal decision, and just so you know there are altcoins which are consider shitcoins that are worth investing on, not all are completely useless so we can still make few right choices but those are risk which anyone who want to get involved in it are going to take.
Few shitcoins are worth investing on and taking profit when the time is right but they are not meant to be kept and hold for long period of time because as soon as the hype is over the coin will continuously keep losing value.
But it’s all left with anyone who want to make an investment to decide which one they want to invest on it’s there money and there personal decision, and just so you know there are altcoins which are consider shitcoins that are worth investing on, not all are completely useless so we can still make few right choices but those are risk which anyone who want to get involved in it are going to take.
Few shitcoins are worth investing on and taking profit when the time is right but they are not meant to be kept and hold for long period of time because as soon as the hype is over the coin will continuously keep losing value.
Just as the title of this thread, your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.
Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.
Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.
Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.
Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.
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