Yes shitcoin are a worse way to Earn Money. It is more of a gamble than investment. Many coins that were fundamentally good and were called ethereum killers have failed and people don't even know they existed. Like NEO, lisk, verge, EOS etc. People can get returns from shitcoins too but they Are very rare and only short-term And once an altcoim dumps its really hard for it to gain stability back. Except ETH. In my opinion no altcoin beats Bitcoin and the only reliable crypto for long-term investments is Bitcoin because we've seen bitcoin Gain stability after long bears seasons which proves it's reliability.
Bitcoin is better than all coins. Bitcoin is always the best for investment. We can never compare Bitcoin with all the other coins in the market. Because there are many types of fraudulent coins in the market, if we compare Bitcoin with them, many will be confused and will consider Bitcoin as a fraudulent coin. So we always call Bitcoin Bitcoin and never compare Bitcoin with any other coin in the market.
Bitcoin is one of the best assets that has been doing well in the market. I would have said it is the best, but many people don’t consider it that way because you can only enjoy the investment when you hold it for the long run. Bitcoin is worth our hard earned money to invest in for the future. As we can also see from this thread, it is only encouraging that people should invest in Bitcoin and hold it for the long term. Other coins are not advisable for newbies to put their money into, as that may result in losses.
Believe me when I tell you that some people don't know the difference between Bitcoin and altcoins, they think that all cryptocurrency are the same and have potentials like Bitcoin. I've seen newbies that have been lured into buying some scam projects that have been hyped on social media. They heard that Bitcoin is a profitable asset and they believed that the shitcoins that they want to unknowingly gamble their funds on are like Bitcoin.
Ignorance is a big problem in the crypto space, aside from shilling shitcoins to unknowledgeable investors I've seen ridiculous things on social media. Scam platforms advertise on social media that people should invest in Bitcoin through them. They say the more people that registers through you they will give you commissions for each of them, in the end they will give you profit for your investment. It is pure Ponzi scheme but the ignorant people wouldn't know until they're all scammed by the admin. Newbies should be informed that Bitcoin is different from shitcoins.
It’s only a lack of knowledge and ignorance that can make people think Bitcoin has the same potential as shitcoins. I’ve seen such people before, and I don’t even bother arguing with them, let them believe whatever they want, because in the end, it is their own loss. Anything that is a scam usually has more hype, pushed by people who only benefit from bringing others in. Some people never believe that Bitcoin can give high returns when you hold for the long term, because they only think it’s the same as shitcoins. Others even see it as gambling, but that’s only due to a lack of knowledge.