Quote from: Salahmu on Today at 05:09:36 PM

Quote from: Spaceman1000$ on Today at 02:18:46 PM

The thing is, most beginners don't always know that they are investing in shitcoins, nobody will see danger and confidently walk into it. Though as for some people they will always say that experience is the best teacher, so they will just leave the beginners to experience it themselves, as for me I don't encourage that lifestyle of letting beginners to find out on their, i make corrections when the need arises. however some persons have been lucky enough to get a return in investment on shitcoins but just few of them. But then, entirely we are saying it is not good to invest in some of these shitcoins because they don't have that durability and value.

Actually in as much as most people are begginers who doesn't know much about investment but when it comes to them investing on shitcoins I think they are fully aware of what they are doing because one thing I realized about most of this early investors is that their only interest is on the possibility of making quick profit as soon as possible, so they feel the best way to meet their targets is by investing on altcoins without knowing that altcoins is like the more you look the less you see because if you don't understand what altcoins is all about you can easily get into a trouble thinking that is a profit making investment.

Also I wouldn't agree that someone would invest on altcoins thinking that he is investing on Bitcoin when the names are boldly written and even if the person doesn't have any knowledge about investment but he or she should be able to identify the particular coins he wishes to invest, so perhaps I disagree on that aspects because there is a big difference between Bitcoin and altcoins so someone should be able to distinguish between them.

You know most of these newbies investors don't really know much when it comes to bitcoin and altcoins. Some of these people depends on what people they see as experienced people tell them to do. This thing is common among the female newbie investors. I have come across many and they practically don't know anything and there are people out there taking advantage of such newbies who are willing to invest on any coins that are shilled to them. As a newbie who doesn't know the difference between bitcoin and altcoins, and you are surrounded by altcoins investors, you will think that altcoins is all there is out there. At this point if they tell that newbie investor that the altcoin is the bitcoin the person will believe and invest without knowing the difference and be thinking he/she has invested in bitcoin. Not everyone out there is knowledgeable like me and you.