Quote from: greenlanternlight01 on Today at 03:24:42 AM

Quote from: Oshosondy on June 21, 2020, 08:55:47 AM

I believe this could be helpful for some people here on this forum as I falled into shitcoin trap. I could not believe I can lose my whole fund in just a little time and I want to use this forum to advice the newbies to be careful of shitcoins. I hope you all know how dumped price can wreck the funds of people that invested in such coin.

The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.

Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.

I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.

It's always a need to research and research before investing. So, always be on the look, follow the project's social media platforms before making any investment.

I invested in ICO before and spent more than $100. They had sig campaign handled by known BM here so I thought that project was solid. Never got back the money. All lost. So I think the OP got his lesson as well. But on his case, it is already existing coin, he should have studied the price trend. But anyway, all of us have their own share when it comes to failure in crypto investments. Our mistakes will give us more awareness the next time around.