Quote from: SirLancelot on Today at 02:14:09 PM

Quote from: RedsIsBlues on June 29, 2021, 09:28:04 AM

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

I’ve been in a situation like that where I was investing in a project and I knew very well that it wasn’t legit or should I say it wasn’t going to work, But I still went ahead to invest in this project and at the end it didn’t workout.

The reason why I invested in this project is because of the same thing you have said here, I saw an early opportunity to make something from it before it’s too late. Things like this are usually a huge risk, it can work or it will not work. Luckily for me I didn’t invest much in it, I just invested a little money which I hoped I would have gained something from it.

Well if you happened to invest in shitcoins, it does not literally mean that its not profitable. Some are really making profits on it but only in the beginning. Eventually their value drops down easily and does not recover after a big dump. That is the reason why most of the investors stay away from it because it will only be worthless in the end.

I personally make an investment with shitcoins before because i wasn't aware at first. Good thing i have only invested a minimal amount so i did not make any regrets when it turned out that their value have gone. Well some have still good value but not listed in the exchange so still worthless in the end.