I consider Shitcoin investment like gambling, no matter how much people understand if they convert their fiat to shitcoin then the loss will be much greater and the profit obtained is just luck, the throne for the long term is still held by Bitcoin and will remain like this, Bitcoin can create sustainable ATH that Altcoin or Shitcoin cannot do. And those who behave like this mostly think Bitcoin feels expensive so they often turn to affordable investments but they forget that there is a DCA strategy that allows purchases with any budget.
Yep, you are right but it seem people like to gambling in altcoin investment so they still search for the shitcoin as their investment. They don't realize in the long term, Bitcoin will be the best investment for them but that will be up to them because we can only suggest them without force them to follow us. They forgot that they can buy Bitcoin in a small portion and not have to buy full 1 Bitcoin at once. They can even use DCA method to have Bitcoin as their main investment and just focus with that for some years. Let say that will be for 4-8 years and just buy Bitcoin constantly using DCA method, no matter if that money is small or medium or big amount.
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.
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 shitcoins are just a trap and a way to loose money, because I discover that most coin developers are developing those coin to trap people with what we call wash trading where those developers will create different accounts in different online exchanges and they we be buying the coin to show market activities in other to manipulate the market and those shitcoins lovere will see that people are buying the coin and them too we start buying the massively not knowing that it is same developers that are buying the coin to show market activities and after they might have seeing that a lot of people have buy the coin those developers will start selling the coin massively in other to trap those people who bought the coin and those people who bought the coin will be at lost while the developers will in profits and they we now abandon the coin and go create another coin to trap people, so for those who love shitcoins all in the name of trying to make quick, all because inpatient and so here is what most coin developers are doing to shitcoins lovers so be guided, don't invest in any coin that is not bitcoin, those shitcoins has nothing to offer and they are using them to scam people.