Quote from: Wind_FURY on Today at 04:58:27 AM

Quote from: asarfiar on October 21, 2024, 11:05:50 AM

Quote

If you look around you will notice that people are reluctant to give details on shitcoins, or give examples that are highly controversial. Bitcoin is undoubtedly the king of the crypto market because when Bitcoin falls all cryptos fall to a higher or lower degree, but when Bitcoin rises, altcoins do not rise to the same degree. You can make good investments in altcoins and shitcoins, if you know exactly when to get in and out, but not for long.

As a point of empirical observation almost any currency other than bitcoin will look like shitcoin at some point. We observed that many people lost hundreds to thousands of dollars of their money to Shitcoins.

As a "point of empirical observation", and once you gain some understanding on how Bitcoin actually works and how its incentive-structure is making everything stick together = ALL altcoins will look like shitcoin scams compared to Bitcoin.

Perhaps those altcoin developers know that too, and they will never admit it.

¯\_(ツ)_/¯

Someone introduced me to a certain shitcoin years back and told me how a lot of people has made huge amount of money for investing in all manner of shitcoins, so I invested in it and as time goes I was still holding that shitcoin but I lost my money because it dropped in value I later discovered that the creators of the coin sold of all the coin they were holding and they were the highest holders that was the reason why the coin dropped till date the creators made huge amount of money and we the investors lost.
It was later I knew about Bitcoin and I did my research and discovered how good Bitcoin is.
1. Bitcoin already has a specific number which means no one can create more, this makes it more valuable.
2. Bitcoin is not controlled by the creator any more which means the creator can't even cause the fall of the coin like the creator's of the shitcoin I invested in.
3. When investing in Bitcoin you don't have to fear losing your money especially when you are holding for a very long time, when ever there's a dip in Bitcoin it must certainly increase.
4. Bitcoin is very secured.
5. widespread adoption of Bitcoin, even some countries now buy Bitcoin and hold is a form of investment to them, some supermarket now accept Bitcoin as a means of payment and some companies pay there works through Bitcoin.
I saw all this and I knew Bitcoin was the right investment to go into, going into shitcoins investment is just gambling your money and it may lead to you being frustrated and depressed I know of a man that even lost his life when he heard the news about the shitcoin he invested his life savings in has lost value and may not even regain.