Quote from: Lida93 on February 10, 2025, 05:28:39 PM

Quote from: Shadiq on January 23, 2025, 06:53:50 PM

It is better to see Shitcoin as Shitcoin, it does not matter who invented it or who is promoting it. If you want to put your money at high risk and gamble with your money, then you can buy that coin. But I would never advise you to buy Shitcoin. Because the possibility of long-term returns is very low. If you value your money, then you should buy Bitcoin, there is a much greater possibility of profit in the long term.

As them talk am the higher the risk the higher the reward but the truth about shitcoin is that the risk you stand to face can't be compared to the possible profit. I go prefer to buy a popular altcoin in the market wey don stay for long than to buy a memecoin owned by a popular individual because in the two scenarios there's a huge difference. The main reason I always counter the idea people investing in altcoins nah due to past awful experience with some of the altcoins I been start with when I fess enter the crypto market , and had it been I been buy bitcoin I for get profit sef no be loss.

The terrible experience with altcoins is familiar to almost every crypto investors involved in the crypto space. You have to consider how much you can afford to lose before you can even think about making a profit that won't make you too poor. There are many who have had the experience of diversifying their portfolios in recent times. Almost all altcoins except Bitcoin have experienced a huge price crash so you have to think differently and research and deposit on Bitcoin. It's okay to name a meme coin after a popular person but an investor should be more careful and not put their capital at unnecessary risk due to price drops.

I have set my own strategy for accumulate Bitcoin in a similar way because my risk level is very low (close to zero). Deposit Bitcoin from disposable income is another easy layer of investment protection that accumulates over time in the long term.