Do You Believe in Shitcoins?

[Golden9]

Shitcoins like Doge, Shiba Inu and all the others were one of the most prominent narratives of the mast cryptocurrency market bull run. I missed out on it because I thought it didn't make sense and would crash.

This cycle, it seems that Pepe would lead the way instead. I am fully prepared to invest what I can afford to lose now. Would you put money into any of them?

 

[riberet19]

I dont put my money in shitcoins because i want to invest in things with fundamentals and shitcoins dont have any, if i want to gambling my money I prefer go to the casino that sure i have more chance of winning money than with shitcoins

 

[Suba]

Even though I have SHIB and Doge, I don't recommend you to buy Shitcoin, because most shitcoins are community games and whales, through their tweets on social media. You have to be quick to buy before they are launched in the market and sell after a few days the tokens are launched you can take a small profit. This method is often practiced in IPOs.

 

[Golden9]

Buying Shitcoins should be really fine strategically. For example, anyone without another source of income to recover money lose in shitcoins should stay away

 

[Suba]

Investing in Shitcoins must be with idle money, after you do in-depth analysis and surveys, investors will decide whether to buy or not, and investing in Shitcoins tends to be speculation because there are many unknown factors.

 

[nomad]

I don't like when people use the word shitcoins. I would rather stick with calling them meme tokens. I do not run after every meme tokens launched but I do have stakes on a couple of meme tokens.

 

[Suba]

But some crypto lovers out there call Shitcoin for coins / tokens that have a small value at least have two zeros in front of it, and in general Shitcoins are made without a clear purpose, the amount of supply is not limited. Shitcoin is also often used as a tool by whales to make profits.

 

[riberet19]

But some crypto lovers out there call Shitcoin for coins / tokens that have a small value at least have two zeros in front of it, and in general Shitcoins are made without a clear purpose, the amount of supply is not limited. Shitcoin is also often used as a tool by whales to make profits.

In my case I see as shitcoins those coins that have a large amount of tokens in circulation and are usually inflationary, although many of these tokens lately are trying to become deflationary as is the case of Shiba Inu and its token burning.

 

[Bisolami]

Investing in Shitcoins must be with idle money, after you do in-depth analysis and surveys, investors will decide whether to buy or not, and investing in Shitcoins tends to be speculation because there are many unknown factors.

There are so many shitcoins out there that are not reliable and that is why you need to invest in it with the money that you do not really need so that you won't be pained when you lose it

 

[Suba]

There are so many shitcoins out there that are not reliable and that is why you need to invest in it with the money that you do not really need so that you won't be pained when you lose it

The crypto world is not much different from the stock world, even though I have to do research and analysis, but I have to be speculative and I have been able to take big profits on SHIB and Doge. Shitcoins are the same as penny stocks, which often make investors profit but sometimes they also lose. but this is not a suggestion for investing.

 

[Blessed19]

One thing about shitcoins is that they have the tendency of getting a good bull run at any given time and can also fall way back in it's price value after some bull run that it has. Just like Shiba Inu that I bought with $5 a year ago which was having the potential of rising but then it came crashing just some hours after buying it to less than $2.

 

[Suba]

Historically, the price of SHIB has reached ATH at a price of $0.0000885, so the price of SHIB has never reached $1. If the price of SHIB reaches $1, it will occupy the first position on Coinmarketcap, because the total supply of SHIB tokens is very large, making it possible to become the largest marketcap.

 

[eldavis]

My number one rule when it comes to investing is to always invest what i am okay with loosing. I do not mind putting in some investments with doge coin though.