Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.
Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.
Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.
The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.
Since we are into Bitcoin why boarder yourself about shitcoin you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners.
That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
And if you are even thinking of diversifying , shitcoin ain’t a bright idea rather find something else you diversify on that will definitely worth it in a long run .
Yeah you are right however it is also good to diversify especially when is a good business that will give you a good profit in less than no time, bitcoin investment involves money and if diversifying will bring more money to you then I see no problem with it but if it won't or is a business that will take a very long time before profit will start coming then maybe one needs to build his or her Bitcoin to a particular level before diversifying so as to avoid distraction.
When you want to diversify doing it on shitcoins is a wrong move because shitcoins investment is very risky and should be avoided.
Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.
Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.
Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.
The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.
Since we are into Bitcoin why boarder yourself about shitcoin you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners.
I think this is your misconception. You should have a proper understanding of Bitcoin and other shitcoins otherwise you may not be able to understand the real value of Bitcoin. You should not invest blindly but invest considering the situation around you. Being aware of why you should only invest in Bitcoin and why shitcoins are extremely risky means that you are honest and prudent with yourself in investing. Through studying bitcoin, the real valuation of Bitcoin will become clear to you through real investment concepts and you will be able to increase your focus on competitive investments.
Being familiar with the concept of risky investment literally means that you can be aware enough and focus more on accumulating Bitcoin. We also know that discussions about shitcoins will waste our time and most of the time we should focus on Bitcoin so that we are motivated to increase our investment by gaining more knowledge.
Of course we should focus completely on Bitcoin and make our investment goals long term so that with over time, you will be tempted to hold Bitcoin at a higher level.
I think Bitcoin should never be compared to Shitcoin. Because in 1983, David Chum invented the cryptography method of money exchange. In 1995, DIGI cash created the initial concept of electronic payment. But at that time, there was a lack of effective technology for user privacy and secure transactions. No one could solve all these problems. But in 2009, Satoshi Nakamoto found a solution to this problem. And launched a coin called Bitcoin. After that, many coins were created in the market. Which I think is completely different from Bitcoin. Because all these Shitcoins do not have a strong network system. When Shitcoins are launched in the market, the price increases for a few days and then the price decreases for a few days.
If someone is familiar with the word crypto, I think it will be difficult to find a person who is not familiar with Bitcoin. You have to find out which is good for you and which is harmful for you. There are many shitcoins in the market. If you do deep research, you can understand which one is better for you, shitcoin or Bitcoin.
Yeah Shitcoins can never be compared to Bitcoin, there are some shitcoins that has been in existence for some time now still they don't grow they have been stagnant but Bitcoin has been growing since it's existence some shitcoins are now created just to extort money from people and some now do it with celebrities they create a shitcoin and then ask a celebrity to post about it on there social media account's and when that is done a lot of people goes to purchase that shitcoin and hold and it will be growing in price and value and before you no it the creators being the highest holders of that coin sells off all there coin and make huge amount of money and that is how the price and value will fall and those who are still holding will lose there money, shitcoins should be avoided they will never be like bitcoin so stop investing on it thinking they will one day be like Bitcoin.
Those celebrities who post about this shitcoins on there social media account's comes with excuses that there account were hacked mean while they planned it with those shitcoins creators so please let's all be guided shitcoins will always be shit just like the name implies.