Those who are eager to invest in shitcoins are majorly newbies, all they got in their mind is how to get rich quick and when they see those altcoins rising so high they feel that those are the right coins to invest in without knowing that it's just a trap for them to lose their money. Shitcoins have no value, and sorry to people who love investing on shitcoins because no matter the amount they make from any of the shitcoins, as soon as they move to the next shitcoin it can vanish all their money and they go about regretting. Sometime ago, someone made a post that he made money in one altcoin he invested in and due to overexcitement, he moved over to another altcoin that was skyrocketing thinking that it will keep on skyrocketing so that he can make more profit but just less than one hour, the price fall drastically and he lost all his money trading on that shitcoin. This is why shitcoins are dangerous because of their high volatility, the price can fall within a twinkle of an eye.
Those who are eager to invest in shitcoins are majorly newbies, all they got in their mind is how to get rich quick and when they see those altcoins rising so high they feel that those are the right coins to invest in without knowing that it's just a trap for them to lose their money. Shitcoins have no value, and sorry to people who love investing on shitcoins because no matter the amount they make from any of the shitcoins, as soon as they move to the next shitcoin it can vanish all their money and they go about regretting. Sometime ago, someone made a post that he made money in one altcoin he invested in and due to overexcitement, he moved over to another altcoin that was skyrocketing thinking that it will keep on skyrocketing so that he can make more profit but just less than one hour, the price fall drastically and he lost all his money trading on that shitcoin. This is why shitcoins are dangerous because of their high volatility, the price can fall within a twinkle of an eye. [/quote]
I disagree with you, people who are eager to invest in shitcoins are not majorly newbie because you can not actually measure that and secondly some newbie don't even have an ideal how most of these work and again the reason why some of them invest in shitcoins is because of misinformation, most newbie are always very careful and scared of losing money.
Impatience is another thing that causes why some people considers investing on altcoins because they just want to invest and start making profits but that is not the way with bitcoin because inasmuch as you invest in bitcoin for long term achievements, you are unlikely to lose your money and you can invest with any amount that is available, then you can buy continuously by using the DCA strategy and before you know you have gathered a lot of bitcoins within 4-10 years interval.
Exactly, quick profit is what makes some people go into shitcoins and altcoins that is not even certain if they will get the profit or return though Bitcoin maybe not be certain or guarantee but it is very much unlike shitcoin and altcoins, in fact all these coins depend on Bitcoin. However, I still think and i believe it is better for someone to hold for long term than to go for something that is not certain.