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.
Apart from dumping and not pumping again, there are many risks that are related to investing in shitcoin. Also, one thing investors need to consider is peace of mind. Invest in a place a place where you will have peace of mind and you won’t be thinking of getting scammed because that is what happens to some shitcoin. Some of them disappear after getting some investors and already earned huge amount of money.
The best place to invest in is bitcoin, whether you like it or not. There is no reason or convincing you will tell me that will make me invest in any project apart from bitcoin. Because bitcoin is the best, if you look at where bitcoin is coming from the increase in value and how investors/people are making millions out of bitcoin, you will know that bitcoin is the safest cryptocurrency to invest in.
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I've asked several friends I know, why they invest on shitcoins when they know that Bitcoin is the most superior Cryptocurrency and shitcoins are pump and dumps and the replies I get is that to they're willing to take the risk and life is full of risk and to make wealth one needs to take risks and then I keep wondering why I'll risk losing my funds to an inferior coin (shitcoins) cause to the quest to make quick money when I could invest on something superior (Bitcoin) and benefit in future. knowing that Bitcoin is superior to other Cryptocurrencies and is the best for investment should make people disregard those shitcoins and what I've come to understand is that some people lack patience they prefer quick money to a good investment with long-term goals and that's why many have failed while on the verge of seeking wealth. I totally agree with you that the best place anyone could invest their money when it comes to Cryptocurrency is Bitcoin and I'll never advise anyone to investment on pump and dumps (Shitcoins) due to the high risk factor involved in it.