His assertion is hasty and demonstrates a lack of knowledge about cryptocurrency trading. Most traders, particularly novices, do not seek guidance before investing in cryptocurrency. Some coins introduced into the cryptocurrency market may become deadcoins, causing investors to lose money. This is always the source of people's anxiety about cryptocurrency. There is always a need for due diligence before investing to reduce risk. Traders should also be prepared to lose money because anything that brings profits can also bring losses.
Some people are so quick in investing in coins they feel it can be profitable without making proper research to know the potential of what they want to go into. The truth is that majority of people who invest in scam coin was as result of ignorant just to make money quick and the set of people invest so much money expecting that there will be good returns for them. Shitcoins are very risky and if one have any interest to invest one it should just be with money that they can afford, thst even if it get lose they won't feel bad about it.