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.
Investing on the wrong coin, have taught me a big lesson that I can't forget so easily. If I should invest in any altcoin now, if have to be trading already for at least 2years and above before I think of investing into it. By then, I would have gotten to know the actual value of the coin, also analyze her highest and lowest price on cmc. Whether it's a shitcoin or not.
Almost all of the altcoin I have in my portfolio, it's taking them year's before the go above their ICO price even after their price reduce tremendously