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Quote from: SuperBitMan on September 22, 2024, 01:48:40 PM

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

Every person should have negative thoughts about Shitcoin. Many people invest in Shitcoin only to make profit despite knowing its disadvantages. They know there is more to lose than gain in Shitcoin. Temporarily a number of people are lured by the phenomenon of earning from Shitcoin and they get into Shitcoin. Their aim is that they too will earn more money in less time and become rich overnight. I think they are deluded and will realize it after they lose more.

Where is the profit in sheetcoins?
Yet people take more risks and the fear of losing money also creeps in. These are nothing but foolishness. Because Bitcoin is the most brilliant to keep away from, you'll notice the last dumping was at $56,000, from where it touched $64,000 again. So if you buy the dip and hold for a long time you will have more success. But once the shitcoins are dumped, they are not pumped later and investors lose money.

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Bitcoin remains the most Acura and less volitile asset to either trade or hold for long term, because with Bitcoin, your chances of losing is very low and take a long time for that to possibly happens, but this can not be same with shitcoins coins.

Many cryptocurrency investors have lost a whole lot of money ever since the memecoins craze came on board a d still many are willing to lose more instead of learning from their mistakes and choosing only Bitcoin as against those shitcoins.

Bitcoin should not be used to trade and a new investor shouldn't think of trading his bitcoin because it is not ideal rather focus on only investing and building your bitcoin portfolio gradually by using DCA method every week or month to buy persistent and consistent for 4-10 years and above.

I don't like shitcoins but I must tell you that shitcoins are the ones good for trading and not bitcoin because shitcoin is gambling and trading is similar to gambling too and not bitcoin. Bitcoin is an investment and should be treated so because the value of bitcoin will continue to increase. No one should think that trading bitcoin is the best way to increase your bitcoin because thw possibility of you running at loss is very high.

Bitcoin is the future hope for long-term investors and that is why you need to join the long-term investment train for future hopes.