Yeah shitcoins should not be mention in this thread at all, shitcoins has emotionally broken some people and has lift them depressed, I know what shitcoins has done to people some people lost there life savings to the hands of shitcoins, and is so painful when I see some people supporting shitcoins and encouraging people to invest in them, anyone encouraging shitcoins is a scammer, a know a lot of shitcoins that were created by scammers and they scammed a lot of people through it.
The reason why some people are investing in shitcoins instead of Bitcoin is wrong information that has been passed to them about Bitcoin.
There's just one thing that can help correct all this misconceptions about Bitcoin which is going through the history of Bitcoin it's development and growth.
Going through this will help change a lot of negative narrative about Bitcoin and so is advised to encourage everyone especially newbies to go through the history of Bitcoin very well.
The thing is that any time you want to invest in something, either bitcoin or any other coin, you need to do research on it. That is the first step you need to take, but some people you see got scammed with shitcoin. Many of them should blame themselves because why will you put your money into something you don't know about or due to how it was hyped? Even if a coin was hyped and you as an investor want to invest, the first thing you need to do is research. You can't just invest in something like that.
And another thing is greed. Some people came into the crypto space to make fast money, and that is why shitcoins take their attention and get scammed by scammers, so to me, there is nothing good about shitcoin. Whatever you want to do, do deep research on it before taking the next step to avoid losing your money.
I know a lot of investors will say they aren't holding bitcoin for profit, but I want you to know that almost all the bitcoin holders are holding bitcoin for profit when they have accumulated the quantity of bitcoin they want. Bitcoin investment is like any other investment that will yield a good profit in the long run if you get it right, and everyone who is holding bitcoin would like to experience this at the end of their investment. The reason why it seems that so many people are not holding bitcoin for profit is because a lot of investors are holding bitcoin for the long term. They don't like talking about profit because they know how long it will take them to sell their bitcoin.
I can assure you that more than 90% of bitcoin hodlers are doing it for the profit that it will give in a long period of time. Every investment has been done for because of the price someone can't just invest and said because of nothing he just wishes to invest it's not possible event the value we are talking about is all part of the profit man.