Quote from: Iranus on Today at 02:43:34 AM

Quote from: BitDane on Today at 12:37:36 AM

Quote from: The Cryptovator on April 19, 2023, 07:04:10 PM

I'm pleased to note that you have avoided investing in "shitcoins." I had a similar experience a few years ago, where my portfolio became worthless due to investing in such coins. Since then, I have come to realize that only Bitcoin holds true value. Recently, I have also stayed away from investing in "shitcoins," but occasionally take calculated risks on reputable altcoins such as BNB and Ethereum. By doing so, I have been able to reap the benefits of Bitcoin. I sell when the price is high and accumulate when I believe it is the right time to do so. I encourage you to keep up the good work.

Holding shitcoins is proven to be a waste if you tend to hold for long term. Shitcoins are subject to pump and dump then worthlessness so when engaging in shitcoins we should always be in our feet and be ready to sell when our holdings increase in price. Shitcoins are good for short term investment if anyone is for a long term investment, Bitcoin and top altcoins is the way to go.

According to me, investing in shitcoins is like gambling, so I don't think we should waste time with them. Although there are still some lucky people who can make profits from shitcoins, those lucky people count on their fingers, and most of them are losses.

I think if one is knowledgeable enough and knows what is going on inside a group can take advantage of shitcoin trading. I agree that many had made losses with shitcoins but there are also people especially early adopters who take huge amount of profit from 10x to 1000x because of shitcoins.

Quote from: Iranus on Today at 02:43:34 AM

It is better to focus mainly on bitcoin, and if we want to make more profits, then choose altcoins that are considered by the community as potential, we can try a little with them. The risk is also not too high, and the chances of profit-making will be more obvious than with shitcoins.

I agree that Bitcoin market is stable but trading makes a profit in a market that his highly volatile. Ignoring some altcoins especially when they have the potentials, made us miss profits. If we don't want to be affected too much and still wanted to take risk on shitcoins or potential altcoins, we should only invest the money we can afford to lose.