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.
Am sincerely sorry for the loss of your funds but its unfortunate that you learnt in a hard way and its what it is, as a matter of fact you can now differentiate between Bitcoin and shitcoin which one is better, shitcoins are not trusted talk more of trading them, I see where you said people should not trade or hold shitcoins at all, after cross checking your statement, I think that if you still come into Bitcoin, you might likely go into trading again though am not concluding but i said this because you mentioned trading again after losing your funds in it.
If am to contribute, I will say that you shouldn't think of going trading lane again once you are involved in Bitcoin investment because with your rank in this forum I believe that you know that Bitcoin is a long-term investment and I think the concentration of all bitcoiners should be the future not short-term bases, I can see that you now understand that shitcoin have unrealistic end but I want you to also have the same mindset on trading, trading is like a gambling that's is full with uncertainty that has a high probability of loss than profit, so for you to remain relevant in your Bitcoin investment you should concentrate on investing with DCA mathod which i believe you know already, this allows you to invest gradually with what you can afford and maintain efficiently without being coerced until you reach your investment set goal and hold for a long-term.
People lose because of greed and lack of knowledge, most people fail to differentiate between Bitcoin investment and trading, trading is a short-term investment that has the ability of ruining an individual investment plan, some people are still losing in trading because they are addicted to it as such they are not ready to let go because they still believe that they will make profit someday thats why is not advisable to go into trading in the first place because it is addictive like gambling, it is better to invest in Bitcoin gradually with what you can afford than waisting your time in chasing a quick unrealistic short-term goal.