I don't even know why people still buy shitcoin, i don't know why I will buy a coin that I won't have rest of mind, I believe people that do invest in shitcoins are not trading but they are just gambling, you have 50/50 chances, is either you lose your money or you win, and most shitcoins are going to die in this current bear market, people that do investment in shitcoins are also going to lose their money.
Even today sometimes I also buy, although I know the risks. But I have an assumption I buy shitcoin then I am ready to lose my money. Several times I boughtwith small money $10-$20. I realized I was ready to lose my money. So I'm doing this analysis purely speculation that I'm doing consciously. But today I have stopped, I chose scalping trading to secure the asset in stable coins.
I don't recommend people to invest in bitcoin for short term, if you really want to make money from bitcoin, then you should invest for long term. Also you shouldn't keep your bitcoin in exchange, make sure you withdraw it to your non custodial wallet and secure your private key. I noticed most newbies always keep their coin in exchange which is very wrong.
This is the problem today, many new people do not have the mentality of holding back for a long period. They want to quickly fold their money. So many new people are tempted to buy shitcoins because of the hype.