Can I Get Rich By Trading Shit Coins ? | Most Reasonable Answer
Hi Sina here again
Firstly, let me address the topic of investing in SHIT Coins (MeMe Coins). Initially, I had reservations about these types of coins and believed they were not worth investing in. However, over time, I witnessed the explosion of coins like DOGE, SHIB, and PEPE. This made me realize that I shouldn't be biased in my thinking. It's not accurate to dismiss all bubbles and SHIT Coins as bad investments. In fact, if we look at it reasonably, these bubbles and SHIT Coins can provide opportunities for everyday retail Traders to embark on their trading journeys.
People like me, living in third-world countries, often have limited funds to invest and play with while learning trading. The primary reason for this is our weak currency. If we were to consider the situation from the perspective of being financially disadvantaged, you might find yourself in a similar situation.
Can I Get Rich By Trading ( Shit Coins ) ?
Financial market trading, like any profession, requires effort. My go-to example is, you would never say, "I want to learn how to build a nuclear bomb in 1 month," because everyone knows it's impossible. However, you can say, "I want to become a skilled trader and make money in 1 month." There will always be someone who tells you it's possible and that they have done it. If you visit their site, you can learn from their courses.
Becoming a doctor involves studying for 6 years and undergoing training. Trading is no different. Certain aspects of trading cannot be learned from free online tutorials. You have to trade yourself and make decisions amidst the fear and uncertainty that come with dealing with large sums of money. It's like trying to learn how to ride a bicycle by reading a book. You have to actually ride the bicycle and fall down a few times to truly learn.
Should I Buy Shit Coins ??
If you had billions, would you invest in SHIT Coins? Most likely not. You might even advise others against it. To you, it would be reasonable not to invest in SHIT Coins. If I were in your shoes, I would also refrain from investing.
Our investment decisions are dependent on our financial situations. To simplify, "if you are rich, you would invest differently from when you are poor." Buying shitcoins might not be a good choice if you are wealthy. However, if you are poor, it might be a good investment to consider allocating a portion of your money towards them.
Therefore, we understand that buying shitcoins can be a lucrative endeavor if approached professionally. It has the potential to generate substantial profits. Throughout history, every individual has dreamed of becoming a millionaire overnight. Unfortunately, 99% of those who attempt it fail and discourage their children from trying, claiming it's impossible. However, there is a 1% who succeed and make a significant amount of money.
Personally, I would rather be part of the majority, continuously trying and failing like everyone else, but without the fear of attempting.
The Hardest Part Of Process
The most challenging part of profiting from shitcoins is not finding the right coin and buying it at the right time. The difficult part is knowing when to sell as the price rises. Humans are social creatures, and it's in our DNA to follow the crowd (confirmation bias). When the price rises, all you hear is that ShitCoin Price will reach $1, and it becomes mentally challenging to sell during such times (trust me, I've been there).
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