Quote from: teamsherry on Today at 03:01:59 PM

Quote from: Obim34 on Today at 02:48:11 PM

This is something serious, from a $10k purchase of that shitcoin to $129, I strongly believe it is a memecoin, just what they are known for. I am still on the thought as of why people will prefer embarking on investment like this, I see people here who call it greed, seems like I have no other choice than to accept as fact. Excessive haunt for profit has ruined many investors and investment, these investors are completely aware about the effect and repercussions of dealing with massive funding into shitcoins if it goes the wrong way, at which it is clear that these shitcoins are 99% expected to dump than pump. It is now a matter of had I know, he should have insisted on investing in Bitcoin but his pursuit for bigger profits has landed him in a doom.

It doesn't matter whether if it's a meme or just another shit project, just imagine how much he has lost, and you would still find some persons talking about diversifying into altcoins on this trend as tho they have any value in them

the thing is that if you don't want to learn from the mistakes of others you will obviously fall victim and people will definitely learn from your error. It's possible he invested into a project that had a lot of positive hype at the time and he must have thought it to be the next big thing only to be shocked by the current reality. For me, putting an amount as high as $10k into a meme coin or an alt coin is a bit unreasonable and I consider it gambling with your money to a very a degree. Now that it has downed on him that all his time and effort are all wasted it won't be supprisng to see him tagging crypto as scam without knowing that thier is a big difference between investment in Bitcoin and following after every shitty project that's hyped around the social media space.

Quote from: teamsherry on Today at 03:01:59 PM

if this guy had used this 10k to start his bitcoin investment journey and maybe splits the amount into 4 parts and used a part to front load his investment with a lump sum buy he would have 0.038 bitcoin right now to start his investment journey and even if you divide that amount in halve most of us here have not even been able to invest such into bitcoin since we started. We'll he got what he deserved and I think he should learn from this

the problem is that the misconception about Bitcoin and cryptocurrency has made so many naive folks to invest into any cryptocurrency thinking that it has the potential of of increasing in similar proportion with bitcoin and although some project might have had a positive trend afterwards it's always meters down the road which should have thought those folks great lesson that Bitcoin stands as an exception to whatever crypto project that comes up. Imagine he invested such amount into Bitcoin? Do you know how strong his portfolio would have been? Even when some folks think that after stacking up a good amount of Bitcoin and have probably made a good amount of profit that it's now time to sell some and diversify it into other areas and then you're considering investing your profit into an altcoin or a meme project? One of the things we need to learn in our quest to multiplying our income is that the source that gives you those profit you're considering using to invest into another project remains your most reliable source you shouldn't play with for any reason. Well, these are all stories that don't count at the moment and I just hope he has learned the right lesson by now.