Shit coins can make and break. Invest what you can afford to lose
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If you are a Twitter fan, you would notice that shit coins are created almost every day, and some people with influence on Twitter post different things to create FOMO (fear of missing out) in people, and this makes them fall for it
Shit coins are just like a copy of some existing coins that are successful. They are considered to have no value and are worthless. With just $10, one can buy millions of shit coins. Most of these coins have no use case. But Some of these coins have made some people a multi-millionaire
They buy and hold not minding the risk involved. There are a lot of risks buying shit coins. Many of them are created to scam people. If you check the coin market cap, the majority of the listed coins are shit coins, and more are created daily
I have invested in shit coins. I've seen many coins delisted on exchanges because of their low transaction rate and they die. Many of us want to really get rich on time thereby making us ignore the risks involved in buying shit coins
I've seen people losing thousands of dollars and some have made a fortune from it. That's life
I don't want to blame or parade anyone, but if you enjoy buying shit coins, you can carry on. Just understand the risk involved and invest wisely
I would advise you also put some things into consideration. You can invest in shit coins and also the ones with good potential. Take into account the whitepaper, use case, market cap, and so on. You can invest in both shit and other good coins with great potential
Don't put all your eggs in one basket. There's a saying that goes thus
Check yourself before you wreck yourself
Only invest what you can afford to lose in crypto. That's the best way forward.
Thanks for reading.
This is ckole the laughing gas
One love.