I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.
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 is foolishness to have faith in shitcoins. Yes the mistake has been made by investing in it already, but having so much faith in it is what got this investor to this point. He has the opinion that the price will go back up, be he has completely forgotten that this wasn't bitcoin, and only bitcoin has that potential of back to previous ATH. When you have made a mistake by investing in shitcoins, you don't feel relaxed like we do with bitcoin investment. In this case once you have invested you should set a stop loss order, so that when the market price get to that level it will sell off and the level of loss will be minimal. If he had set the stop loss below $9k he won't have found himself in this mess. This is a wake up call for those that are still venturing into shitcoins investments, know how to use your stop loss and take profit if you ever find yourself in shitcoins investment. But to be on the safer side, stop shitcoins investment, it will ruine your life believe me.