Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Abbatty
on 21/10/2023, 08:11:43 UTC
I personally believe it is best to get your shit in order in regards to bitcoin first.  Why fuck around with shitcoins, except maybe up to 10% of your bitcoin size, but even then if you invest in shitcoins, you are distracting yourself and you are diluting your bitcoin financials.
I have heard of cases where all these shit coins skyrocket and people made alot of money from them for a certain period due to certain reasons which influenced them but the truth is they lack consistency and unlike bitcoin in the long run they will always fail people. And if people are not wise enough to know the right time to exit the investment they will still end up losing all their gains and probably their investment as well. Just as tou mentioned shitcoins are distractions that are just reducing your bitcoin finances.

So understanding all these things I don't no why most people will still choose to invest on shitcoins, or maybe perhaps just like you said @Jay maybe they see shitcoins as a get rich quick that's why most persons chose it.
I would just advise people to shy away from shitcoins because they are the ones with higher disadvantages and higher possibility of being exposed to scam. Alot of scam will happen during the upcoming bull run and most fake companies are preparing ahead of how to attack people. Rug pull scam is common with shitcoins and other types of scam you can think of so instead of risking your money to invest in these coins it’s more safer to invest in bitcoin instead.