Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?
Are shitcoins actually created for that reason? Or they are made to give us false hopes and make us lose in the end, which I think a lot of us have fallen into that case. Although it’s undeniable that shitcoins could offer us temporary profits, but if you are not wise enough to find its perfect timing when selling, you will never come to experience being profitable with shitcoins, but consistent losses maybe.
Yeah you are right, for me I believe shitcoins should be avoided as an investor because some shitcoins are scam they are only created by there creators in other to extort people the only way you can make profit in shitcoins are if you are trading them and you need to be that alert, a music star called Davido created a shitcoin called it Davido coin and he made it known to people using his social media account and that was how a lot of people started buying and holding that coin and the coin started gain more value and it also started growing in price and as soon as the coin grew in price Davido being the highest holder of that coin sold off the coin in his possession and he made huge amount of money and those who only bought the coin because they only wanted to trade it also made a huge amount of money the ones that lost are the ones that wanted to accumulate and hold.
When it becomes to investing on a crypto coin Bitcoin is the best, Bitcoin has been trusted and tested for years now Bitcoin has been growing and it will keep growing, all this shitcoins are controlled by there creators which shows they can influence it but Bitcoin is a different case.