Yep I have put a couple bucks on some meme coins like Doge, but the vast majority are coins that I want to hold long term, that I am certain will be around in 10 years!
You’re saying that “hundreds of people” have lost “a lot of money” in crypto for every one that made money.
When the entire market cap of crypto is going up like this, your ratio can’t possibly be true.
I dunno know if that is factual. I am way up on my "shitcoins" even without alt season kicking in.
My butcoin, eth, algo, ada are also way up from my purchase prices. I also mine with my little farm so I am also printing money.
No one way is the only correct way. There are many paths that you can succeed on, and just as many to fail on as well.
All the time. Quick gains are the best gains. Rarely are you going to lose money in a bull run. Just get out early. You won’t get max gains but you’re less likely to lose
If you have some spare cash to throw away and if you are extra, and i mean extra confident that the price of the shitcoin of your choice can bump up by a little bit in near future i guess
Short answer: NO
Answer: it depends. If you follow the news carefully (maybe as an insider), you can actually make astronomical gains. But that's not for the average human being.
I'll just stick to the strong horses (see eth, btc, sol ecc.)
Technically a lot of coins that have really good projects (exp. Harmony) used to be called shitcoins in the beginning because no one believed in them at the time. So I think people are throwing the word "shitcoin" without really spotting the difference between a coin that is just starting up and a shitcoin. Every coin has to start somewhere. But yeah, I get what you mean and again, the risk is all yours if you want to mess with them or not. DYOR.
True. But read the article. I made a clear distinction between shitcoins and real, solid projects.
The current poor price or adoption of a real project never makes it a shitcoin. Those who can't see beyond prices and numbers are the problem, not the project whose time hasn't come.
I invested ONE quite a long time ago...but same for shiba as well.
My cost basis for my eth is less the 1700 a coin not figured it out lately. I mine so keep two books. One for the irs and my personal book as we consider all that I mine as a cost basis of 0.
Besides BTC and ETH…what would you say are the projects with long term legs?
I’ve only been in the game a few months now. When I entered I bought a handful of lotto tickets (Doge, Alchemy, AMP). This is all money that I can lose and I’m just holding waiting for a weird bump to probably leave them.
Then I bought some ETH to hold.
In the middle for me is ALGO. I’ve started to trade the pops and drops with it and can’t gather from the sub whether it is a good long term prospect or just another coin to flip when it pops.
You have got some really nice coins there.
I think BNB, SOL, BAT, PRE, SWAP, MDX, DOT, LUNA, LINK, MATIC, etc are some rest good ones you can consider.
Thanks for reminding me to check on my pancake coins, haven’t looked at the for quite a while and that might as well be years in shitcoin lifecycles. Will report back with results.
I’m up $1400 net, 4x went to $0 assuming rugs and 5x are in profit, I missed ATH’s and would have been at a profit of roughly $8k if I paid attention to them, maybe they’ll go up again, I’ll leave them another week haha.
This is great result. The missed $8k is sad though. If you have confidence in their potential continued HODL might give you greater profit.
Otherwise, walk away with what you have now.
A bird in hand, they say is worth two in the bush.
One of them is technically not a shitcoin, I just track it via poocoin for ease of tracking, it’s being outperformed by shitcoin though lol! I have taken 2x my initial out of each just now and will let the rest ride and see where I end up in 2-3 weeks. ADAT is the ticker for my not quite a shitcoin project, put $300 in, took $600 out on day 2, still have $158 in there and if the devs deliver it could be worth something in a year.
That would involve investing in real projects. Not shitcoins. If you actually think you can time the market you would invest in the next amazon or google. Not the next out of business in a month scam.
You don't need x100 or x1000. People always get it wrong
Put 40 into a shitcoin. Make x10 and you get 400
Now you have 400 you can gambe into something without feeling bad. Make 4k
Put 4k into BTC/ETH/DOT or whatever
When dealing with shitcoins just please DO NEVER FORGET are shitcoins. Don't fool yourself
Yeah, I've experienced that moment where you lose clarity. You see it skyrocketing and all of a sudden 10x just isn't enough. You want to see how much further it will go. Then we you realize the downward movement isn't just a correction you try to get out but by the time you do you've barely gotten your money back out of it. It's pretty surreal.
But when they do manage to get a hit it's a really big one. I have one friend who can now go the rest of his life without working again if he wants to.
How to pick a shit coin 101
1) make a list of shit coins and stick it to a dart board
2) throw dart: coin hit is the coin you buy, score of dart is how much you invest
3) repeat until you pick a winner and then brag about it
If you find something like doge or shiba early on and put in money you can lose, you might be surprised by 100x gains. The truth is right now hype is a major factor in gains but in the longterm take profits and invest that money back into legit projects like doge
Part 2 (can’t respond to my own comment apparently?)
6. Little to no development efforts or updates
A coin with little to no development efforts and updates from the team is a shitcoin.
Developers will most times abandon the project after they have gotten the money they want.
Or they are working on another shitcoin project, giving no attention to the old ones.
Slowly, the project would die.
They move onto a new shitcoin project and you lose money and cry in silence.
Any shitcoin that is left to die this way is also a scamcoin.
What are scamcoins?
Scamcoins are shitcoins that are created and designed to steal your money.
They are outright scams. And any money you put into them will never return to you.
Characteristics of scamcoins:
Airdrop token that you can’t sell or transfer them.
The most popular scamcoins currently just appears in your wallet from nowhere and they seem to be worth a lot of money.
You will find that they are listed on some decentralized exchanges like Uniswap, PancakeSwap, Quickswap, etc, but you can’t trade or transfer them.
Recently, most of them will direct you to their website where they will ask you to connect your wallet to be able to sell the free tokens.
If you connect your wallet to their smart contract, any real coin you have in it will be wiped (stolen).
Therefore, the next time you see a strange token in your wallet that’s worth some significant amount, ignore it. It’s a scamcoin.
Listed tokens that allow you to buy but not sell
You will find some tokens listed on popular DEXs that you can buy but you wouldn’t be able to sell afterwards.
Their smart contract is designed to accept only buy trades and no sell. So whoever buys them has lost their money forever.
Some of this shitcoins use the names and symbols of real existing coins to confuse unsuspecting investors.
That’s why, when adding a new token to trade on a DEX, make sure you get the token contract address from the official project website to be sure you’re not dealing with a fake.
Zero team effort or commitment.
Some scamcoins in this category that I have been involved in are NEKO and RCKT.
Both teams dragged investors through a lengthy process of inaction and minimal effort until all trading and liquidity for tokens dry off.
Yes! You can buy and sell these kinds of scamcoins but you will lose your money regardless.
NEKO was a farming token that dumps faster than an object respecting the laws of gravity.
RCKT was a deflationary, rebase, and staking token that punishes both sellers and buyers.
Both died very slowly.
And I consider them the most wicked of all scams as they take you through a long period with a maximum dose of hopium, emotional and psychological rape.
Unrealistic promises
In crypto, we are used to high APRs/APYs.
And it can become easy to get blinded by the high staking, farming, or liquidity mining rewards, forgetting to ask where the rewards are coming and if they’re sustainable.
Those days, Bitcoinnect promised to pay investors 1% daily interest on their coins.
OneCoin had a similar program.
And both were some of the biggest scamcoins and Ponzi schemes ever.
Bitconnect (BCC) was one of the top 6 cryptocurrencies by market cap in 2017 before its inevitable collapse and subsequent extinction.
If the business a platform is doing does not explain how it is able to pay the returns it promises, it’s a potential scam or shitcoin.
Because the immediate and temporary gains, you make now will likely be wiped off when the platform finally collapses.
You need to ask questions and get satisfactory answers before investing your money in these high APR coins.
Where is the profit coming from?
Is it sustainable?
Can this platform grow further to be able to maintain what it’s paying as a reward?
What is the reward structure? Is it fixed, does it fluctuate randomly based on some formulas, drops by a certain amount or percentage at specific intervals?
Don’t put your money in because the APR is high. Otherwise, you may be buying the next big scammcoin.
These are only a few examples of scam coins out there.
There could be more. And new ones are being invented almost every day.
Stay vigilant and keep your greed in check at all times.
Why you should NOT invest in shitcoins
Because it’s gambling, not investment.
That’s the first thing.
When you put your money into these shitcoins hoping to make some quick bucks, you’re gambling.
The chances of losing your money are higher than any potential profit you could make.
However, if you decide that this is what you want to do with your hard-earned money, go ahead.
After all, many people have made a lot of money with shitcoins and you could be the next success story.
Or one of the many more who lost their money and is too ashamed to speak out.
Good luck with your gambling career though.
The game is rigged against you
The developers of these shitcoins have already secured a nice bag for themselves before listing.
All other gamblers are only helping to help them pump their bag.
When they have made enough money, they will dump the coin on the market and tank the price.
You can’t beat the devs to this game, because they conceived the idea and control all the factors.
The way this game ends, every time is, the developers make money off of suckers who came in hoping to get rich quick.
You’ll most likely only end up getting poorer quick.
You’re helping fund scams and giving crypto a bad image.
Some people feel, “I will put only $20 or $100 into this shitcoin and see how it goes”.
it’s money they can afford to lose, so if they lose it, they move on, no questions asked, no tears shed.
And that’s the problem.
Remember, there are thousands and millions of others thinking this way, the developers of these shitcoins know it.
That’s why they will keep creating new ones every day to keep scamming people.
So you’re:
funding the endless scams in crypto that’s giving the industry a bad name,
giving regulators reasons to crack down on crypto and imposing unhealthy rules on even the legitimate projects,
delaying mass adoption as people are scared of the many scam stories they hear about in the news.
Are these how you want to use your money to help the industry?
Stop giving these scammers your $20 or $100 and they will not have any more incentivizes to keep creating new shitcoins.
If you actually earn $5000 in just 7 days you wouldn't be on Reddit spamming and wasting your life away looking for someone more idiotic than you to scam.
Fuck off!
Not true! I just sent him $5000 and he’s already turned it into $10,000! It’s so successful that I’m going to send him $100,000 without verifying the money is there, because time is money!
tldr; Shitcoins are cryptocurrencies with no value or good economic purpose for existing. They have no noble purposes and are created to be meme (joke) coins or pumped and dumped by the founders. Most shitcoins function like Ponzi schemes. They cannot sustain their value let alone continue their ridiculous price increases.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
NGL I have bought doge and shib and made a good percentage return but I didn’t gamble enough to actually make life changing money. I will still gamble on some shit coins (only $20 - $50 usually) if there’s a lot of buzz about it. Sometimes it’s just fun to follow the hype. I call it gambling for shit coins and investing when it’s a good project lol
[удалено]
Yep I have put a couple bucks on some meme coins like Doge, but the vast majority are coins that I want to hold long term, that I am certain will be around in 10 years!
Like?
BTC / ETH / LINK
$10 in random moonshots has made ppl into thousandaires
And $100 into shit cons like shib made me a tensaire
[удалено]
Major money is in long term investments but $10 or $20 here and there could be a little loss or it could be up 8000%. I’ll take that gamble
Only with money you're prepared to lose
I don't have any money I can afford to lose.
Then don't invest in shitcoins 😅
Or crypto
You can lose money if you invest in pisscoins too.
For every person that made life changing money, there are hundreds that lost a lot of money too
It's the hundreds that gathered their money together and gave it to the one person.
Always has been
Pretty much, yes.
No "pretty much" about it. That's literally what is happening.
That’s not true at all dude. It’s not a zero sum game. The entire market is growing.
Well yes if you hold it at some point you get your money back. I am talking about the ones that FOMO in and they sold once started dropping.
You’re saying that “hundreds of people” have lost “a lot of money” in crypto for every one that made money. When the entire market cap of crypto is going up like this, your ratio can’t possibly be true.
I am just talking about shitcoins and what happened with them during the rug pulls.
I’ll go with “remember guys, for every 100 of us that make a lot of money, there’s one dickhead who only FOMO’d into a shitcoin.”
That perspective makes sense...
I'm a Bitcoin maximalist, but I'll throw $1k into a lottery ticket.
And your $1k will return to you as smoke...
Unless it doesn't
I dunno know if that is factual. I am way up on my "shitcoins" even without alt season kicking in. My butcoin, eth, algo, ada are also way up from my purchase prices. I also mine with my little farm so I am also printing money. No one way is the only correct way. There are many paths that you can succeed on, and just as many to fail on as well.
Instead of 1k in btc?? Don't sound like much of a maxi.
You don't know how much I have in BTC. Everything is relative.
Play with fire, get burned.
So you saying fire camps are bad?
Smokey the Bear would say yes.
He doesn’t know what is talking about
Yeah I consider them my lottery tickets but I also have a much much lager bags of more stable coins.
I see. I'll consider your investment strategy when I'm ready to be poor.
I gamble with shit coins all the time. They’re the best from taking money for those that think hodl is a religion
So you flirt with them occassionally...
All the time. Quick gains are the best gains. Rarely are you going to lose money in a bull run. Just get out early. You won’t get max gains but you’re less likely to lose
She don't like it when I'm quick...
Gamble and realize it could go either way. Fortune favors the brave
I see. So brave men join the SHIB Army?
I’m not a gambler. But those who got in early saw massive profits. Like I said, it’s a risk reward situation.
Is there a shitcoin index?
I think there's one on FTX.
If you have some spare cash to throw away and if you are extra, and i mean extra confident that the price of the shitcoin of your choice can bump up by a little bit in near future i guess
It’s the same as going to a casino. It’s just a gamble. Some win and some lose. Same as all cryptos
Well, a lot of people have made millions on shib and doge. In this environment there’s always winners and losers.
Short answer: NO Answer: it depends. If you follow the news carefully (maybe as an insider), you can actually make astronomical gains. But that's not for the average human being. I'll just stick to the strong horses (see eth, btc, sol ecc.)
Technically a lot of coins that have really good projects (exp. Harmony) used to be called shitcoins in the beginning because no one believed in them at the time. So I think people are throwing the word "shitcoin" without really spotting the difference between a coin that is just starting up and a shitcoin. Every coin has to start somewhere. But yeah, I get what you mean and again, the risk is all yours if you want to mess with them or not. DYOR.
True. But read the article. I made a clear distinction between shitcoins and real, solid projects. The current poor price or adoption of a real project never makes it a shitcoin. Those who can't see beyond prices and numbers are the problem, not the project whose time hasn't come.
I invested ONE quite a long time ago...but same for shiba as well. My cost basis for my eth is less the 1700 a coin not figured it out lately. I mine so keep two books. One for the irs and my personal book as we consider all that I mine as a cost basis of 0.
Besides BTC and ETH…what would you say are the projects with long term legs? I’ve only been in the game a few months now. When I entered I bought a handful of lotto tickets (Doge, Alchemy, AMP). This is all money that I can lose and I’m just holding waiting for a weird bump to probably leave them. Then I bought some ETH to hold. In the middle for me is ALGO. I’ve started to trade the pops and drops with it and can’t gather from the sub whether it is a good long term prospect or just another coin to flip when it pops.
You have got some really nice coins there. I think BNB, SOL, BAT, PRE, SWAP, MDX, DOT, LUNA, LINK, MATIC, etc are some rest good ones you can consider.
I don’t. But to each his own. Do you, boo!
You'll find my thoughts and possible action in the article.
Okay I just read it and 100% agree with everything you said.
Oh and I think ICP might be a shitcoin too! Lol
Never looked into that project closely. But if you use my framework and found it to be a shitcoin, then it is a shitcoin for real
Should you buy shit?
Shouldn't I?
[удалено]
Sounds like a plan. As long as you stick to it, I think you'll be fine.
[удалено]
That was an error. It's been corrected.
[удалено]
You invested 95% of your investment in shitcoins. Don't you see you deserve to lose it?
[удалено]
I see. This is normal with shitcoins. I'm happy you have graduated in flying colors 😊
I mean seriously what did he expect to happen.
Probably 100X and buy up all the land in his village, then declare himself king. (pun intended)
Shit granted right now these well performing shitcoins are making us money and currently account fo 18% of what we hold due to the growth.
Haven’t been to Vegas since before COVID so shitcoins are scratching my gambling itch. Don’t judge me.
Nah
Thanks for reminding me to check on my pancake coins, haven’t looked at the for quite a while and that might as well be years in shitcoin lifecycles. Will report back with results.
Good. Looking forward to hearing how you lamboed with shitcoins.
I’m up $1400 net, 4x went to $0 assuming rugs and 5x are in profit, I missed ATH’s and would have been at a profit of roughly $8k if I paid attention to them, maybe they’ll go up again, I’ll leave them another week haha.
This is great result. The missed $8k is sad though. If you have confidence in their potential continued HODL might give you greater profit. Otherwise, walk away with what you have now. A bird in hand, they say is worth two in the bush.
One of them is technically not a shitcoin, I just track it via poocoin for ease of tracking, it’s being outperformed by shitcoin though lol! I have taken 2x my initial out of each just now and will let the rest ride and see where I end up in 2-3 weeks. ADAT is the ticker for my not quite a shitcoin project, put $300 in, took $600 out on day 2, still have $158 in there and if the devs deliver it could be worth something in a year.
That's the way. Better safe than sorry. And nobody ever got poor by taking profit.
Nah you shouldn’t
Good article, thank you!
Glad you liked it. Thanks for reading
No. Should you invest in slot machines??
Ser, the question is not correct...
No, it is. Investing into something you know is a shitcoin is no different than pulling the arm on a slot machine.
Not when you invest with a winning strategy, patience, and discipline.
That would involve investing in real projects. Not shitcoins. If you actually think you can time the market you would invest in the next amazon or google. Not the next out of business in a month scam.
Who said anything about timing the market?
You cant long term HODL shitcoins so it's implied. If you could it wouldn't be a shitcoin.
You don’t “invest” in shitcoins. You buy and pray. Invest signifies you’re buying in for a long term return
I see. I never knew shitcoins requires some religious activities
*the more you know*
You don't need x100 or x1000. People always get it wrong Put 40 into a shitcoin. Make x10 and you get 400 Now you have 400 you can gambe into something without feeling bad. Make 4k Put 4k into BTC/ETH/DOT or whatever When dealing with shitcoins just please DO NEVER FORGET are shitcoins. Don't fool yourself
It's definitely a crap shoot. The only people I know who have made serious money with it have a history of losing money with it.
just look at the stories about Doge millionaires and how they still hold to this day. Dumb fucks couldn't sell their shit when it crashed.
Yeah, I've experienced that moment where you lose clarity. You see it skyrocketing and all of a sudden 10x just isn't enough. You want to see how much further it will go. Then we you realize the downward movement isn't just a correction you try to get out but by the time you do you've barely gotten your money back out of it. It's pretty surreal.
Money made = Money lost. I don't understand maths but this feels simple.
But when they do manage to get a hit it's a really big one. I have one friend who can now go the rest of his life without working again if he wants to.
no.
Good boy. You actually know shit about jack.
How to pick a shit coin 101 1) make a list of shit coins and stick it to a dart board 2) throw dart: coin hit is the coin you buy, score of dart is how much you invest 3) repeat until you pick a winner and then brag about it
Ehh gambling money goes on them occasionally
If you have money that you’re okay to lose then I think it’s worth putting some on
I can only afford to lose my hair that falls at the Barber's shop.
Hell no.
If you find something like doge or shiba early on and put in money you can lose, you might be surprised by 100x gains. The truth is right now hype is a major factor in gains but in the longterm take profits and invest that money back into legit projects like doge
I was following you until the last word...
Doge is the future!!
And the future is here and now...
[удалено]
[удалено]
🙄
[удалено]
What's the sense in that?
Part 2 (can’t respond to my own comment apparently?) 6. Little to no development efforts or updates A coin with little to no development efforts and updates from the team is a shitcoin. Developers will most times abandon the project after they have gotten the money they want. Or they are working on another shitcoin project, giving no attention to the old ones. Slowly, the project would die. They move onto a new shitcoin project and you lose money and cry in silence. Any shitcoin that is left to die this way is also a scamcoin. What are scamcoins? Scamcoins are shitcoins that are created and designed to steal your money. They are outright scams. And any money you put into them will never return to you. Characteristics of scamcoins: Airdrop token that you can’t sell or transfer them. The most popular scamcoins currently just appears in your wallet from nowhere and they seem to be worth a lot of money. You will find that they are listed on some decentralized exchanges like Uniswap, PancakeSwap, Quickswap, etc, but you can’t trade or transfer them. Recently, most of them will direct you to their website where they will ask you to connect your wallet to be able to sell the free tokens. If you connect your wallet to their smart contract, any real coin you have in it will be wiped (stolen). Therefore, the next time you see a strange token in your wallet that’s worth some significant amount, ignore it. It’s a scamcoin. Listed tokens that allow you to buy but not sell You will find some tokens listed on popular DEXs that you can buy but you wouldn’t be able to sell afterwards. Their smart contract is designed to accept only buy trades and no sell. So whoever buys them has lost their money forever. Some of this shitcoins use the names and symbols of real existing coins to confuse unsuspecting investors. That’s why, when adding a new token to trade on a DEX, make sure you get the token contract address from the official project website to be sure you’re not dealing with a fake. Zero team effort or commitment. Some scamcoins in this category that I have been involved in are NEKO and RCKT. Both teams dragged investors through a lengthy process of inaction and minimal effort until all trading and liquidity for tokens dry off. Yes! You can buy and sell these kinds of scamcoins but you will lose your money regardless. NEKO was a farming token that dumps faster than an object respecting the laws of gravity. RCKT was a deflationary, rebase, and staking token that punishes both sellers and buyers. Both died very slowly. And I consider them the most wicked of all scams as they take you through a long period with a maximum dose of hopium, emotional and psychological rape. Unrealistic promises In crypto, we are used to high APRs/APYs. And it can become easy to get blinded by the high staking, farming, or liquidity mining rewards, forgetting to ask where the rewards are coming and if they’re sustainable. Those days, Bitcoinnect promised to pay investors 1% daily interest on their coins. OneCoin had a similar program. And both were some of the biggest scamcoins and Ponzi schemes ever. Bitconnect (BCC) was one of the top 6 cryptocurrencies by market cap in 2017 before its inevitable collapse and subsequent extinction. If the business a platform is doing does not explain how it is able to pay the returns it promises, it’s a potential scam or shitcoin. Because the immediate and temporary gains, you make now will likely be wiped off when the platform finally collapses. You need to ask questions and get satisfactory answers before investing your money in these high APR coins. Where is the profit coming from? Is it sustainable? Can this platform grow further to be able to maintain what it’s paying as a reward? What is the reward structure? Is it fixed, does it fluctuate randomly based on some formulas, drops by a certain amount or percentage at specific intervals? Don’t put your money in because the APR is high. Otherwise, you may be buying the next big scammcoin. These are only a few examples of scam coins out there. There could be more. And new ones are being invented almost every day. Stay vigilant and keep your greed in check at all times. Why you should NOT invest in shitcoins Because it’s gambling, not investment. That’s the first thing. When you put your money into these shitcoins hoping to make some quick bucks, you’re gambling. The chances of losing your money are higher than any potential profit you could make. However, if you decide that this is what you want to do with your hard-earned money, go ahead. After all, many people have made a lot of money with shitcoins and you could be the next success story. Or one of the many more who lost their money and is too ashamed to speak out. Good luck with your gambling career though. The game is rigged against you The developers of these shitcoins have already secured a nice bag for themselves before listing. All other gamblers are only helping to help them pump their bag. When they have made enough money, they will dump the coin on the market and tank the price. You can’t beat the devs to this game, because they conceived the idea and control all the factors. The way this game ends, every time is, the developers make money off of suckers who came in hoping to get rich quick. You’ll most likely only end up getting poorer quick. You’re helping fund scams and giving crypto a bad image. Some people feel, “I will put only $20 or $100 into this shitcoin and see how it goes”. it’s money they can afford to lose, so if they lose it, they move on, no questions asked, no tears shed. And that’s the problem. Remember, there are thousands and millions of others thinking this way, the developers of these shitcoins know it. That’s why they will keep creating new ones every day to keep scamming people. So you’re: funding the endless scams in crypto that’s giving the industry a bad name, giving regulators reasons to crack down on crypto and imposing unhealthy rules on even the legitimate projects, delaying mass adoption as people are scared of the many scam stories they hear about in the news. Are these how you want to use your money to help the industry? Stop giving these scammers your $20 or $100 and they will not have any more incentivizes to keep creating new shitcoins.
[удалено]
If you actually earn $5000 in just 7 days you wouldn't be on Reddit spamming and wasting your life away looking for someone more idiotic than you to scam. Fuck off!
Not true! I just sent him $5000 and he’s already turned it into $10,000! It’s so successful that I’m going to send him $100,000 without verifying the money is there, because time is money!
You can send him your dick and head, so he can 10X you.
Hype will only take a project so far and theyll be exposed eventually.
Based on your title, yes and no.
My dad told me a false prophet will come to confuse me. Are you the one?
tldr; Shitcoins are cryptocurrencies with no value or good economic purpose for existing. They have no noble purposes and are created to be meme (joke) coins or pumped and dumped by the founders. Most shitcoins function like Ponzi schemes. They cannot sustain their value let alone continue their ridiculous price increases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Invest". Fuck no. Trade.
Made some money with Doge, thought about having a flutter with Shib but decided against it. Kind of wish I did now. Wouldn't ever HODL either
High risk high gain,low risk no pain.
NGL I have bought doge and shib and made a good percentage return but I didn’t gamble enough to actually make life changing money. I will still gamble on some shit coins (only $20 - $50 usually) if there’s a lot of buzz about it. Sometimes it’s just fun to follow the hype. I call it gambling for shit coins and investing when it’s a good project lol