Are Shit coins good investment?

[Thyplaymaker]

   At first what's Shit coins, these are term commonly used by cryptocurrencies enthusiasts to describe asset that has has little or no value. Often lacking clear purpose. We are already familiar with most these Shit coins like Doge coin, pepe, Monaco in, Dogelon Mars, shiba inu (memes coins) Floki inu etc.
     During 2021, single SHIB (shiba inu), token could be purchased for a microscopic of $0.000000000073. Some 12 months later, these same  coins were going for about $0.000034, SHIB deliver a historic gain of approximately 46,000,000% in a year that was enough to make investors who'd put a little over $2 to work at midnight Jan 2021. 1 millionaires.
        As this great profit applied so as the risk most shit coin presale had been used to scams investors with false communities. And sometimes ones some shit coins deep they may never  bounce back again because of the lack of purpose. To me I will say is a short - investment

What you guys think?

[Themepen]

I am looking that the shiba inu team is trying much to make it better if you take a look on burning they are burning and burning the tokens in last 24 overs they burned much tokens and now the shiba inu price is at $0.00001 so they are trying to reduce the supply of the coin.
But we can't say anything what will be the future of the this coin.

[Gm Jutt]

Some people have used these shit coins to trick investors and do dishonest things. Als..., if a shit coin loses a lot of value... it might never go back up because it doesnt have a clear purpose or value. So if you invest in these coins..., you should think of it as a short-term thing and know that there is a lot of risk involved.
It is really important for investors to do a lot of research and understand what a cryptocurrency is for how much it's worth... and what risks it has before deciding to invest in it. The cryptocurrency market is very unpredictable and can change a lot... so it's smart to be careful and think about your own money situation and how much risk you are comfortable with.
If you are comfortable for this so you have an option to invest in these kind of shit coins. But in my point of these don't have any future. So you keep away from these coins.

[Tribalchief]

We can't condemn all shit coin and assume they are all trash. When it comes to crypto investment, the primary agenda of the project team matters most but unfortunately, we can't tell what they have installed for the project. In a case where we happen to come across a new project, there is a 50percent chance that the project might succeed, and a 50percent chance that it might not.

If you as a person solely have the believe that a project might turn out great in the future, then take the risk and invest what you can afford to lose.
note: some shitcoin project has benefited so many.

[Gormicsta]

It's okay to invest in shit coins but the fact still remains that Bitcoin is the safest asset to invest in, investing in shit coins is a tp/50 gamble because you'd hardly know what coin you'd just buy that'll just turn out to be a scam token and you end up loosing money.

[Thyplaymaker]

It's okay to invest in shit coins but the fact still remains that Bitcoin is the safest asset to invest in, investing in shit coins is a tp/50 gamble because you'd hardly know what coin you'd just buy that'll just turn out to be a scam token and you end up loosing money.

Yeah the thing is that is just two ways that why most time is funds you can risk is advisable to use in purchasing Shit coin during their presale. But if the token is legit with a large community the person that invest on it will surely make nice profit with even when the funds invested was small.

[Gormicsta]

Yes, some altcoins are good investment, I know myself I've benefited from altcoins in the past, but the problem is figuring out which coin is safe and which is not, because most of them coins are scam tokens and you could hardly differentiate.

[Igebotz]

Before you dive into altcoins investment, study and understand the project, analyze the market cap and liquidity.

Altcoins are for short term hodl, high risk, high rewards/loss, you must not hodl altcoins for more than 6 months. If you're looking for a long term hodl buy BTC.

Make una nodey buy coin/tokens due to popularity or promotion as there plenty fake influencers shillers on YouTube and crypto space. Enter, take profit and Japa

[Hatchy]

It's important to tread carefully in the world of altcoins, bro. While there are still some worth exploring, the majority seem to be pump-and-dump schemes or outright scams. Unfortunately, many new investors fall into the trap of putting too much money into these altcoins, enticed by the promise of quick profits. The problem arises when these investments turn sour, leaving them with a bag full of essentially worthless coins.

If one decides to dip into the realm of altcoins, it becomes imperative to conduct thorough research. Understanding the fundamentals of the altcoin, its use case, and the team behind it can significantly mitigate risks. Alternatively, opting for well-established and popular altcoins can provide a more stable investment environment, reducing the likelihood of unpleasant surprises.
When it comes to cryptocurrency, making informed decisions is key to avoiding heartaches and financial setbacks. So, whether you're considering lesser-known altcoins or sticking to the reputable ones, a cautious and researched approach is the name of the game.

[CryptoLaila]

Anythings alt coin should  be trade with care and proper watch. They pump at anytime they like and after  the pump some might get dumped forever. So if you want to trade altcoin you need to understand the kind of altcoin you are diving into and it's  background.

[Agbe]

Just look well and invest, they are not bad to invest but when you invest in the wrong ones then you will know that it is better to look before jumping. Di factors wey person go look well before dem go invest in altcoins have been tok. Only dey invest do most popular ones and not the one wey never get plenty feedback in their life time. Yes e dey good to invest in shitcoins but make you dey be careful.

[Dr.Bitcoin_Strange]

Investing in shitcoins is more like gambling with your money. These were just what I was talking about some minutes ago, still on this board. Some years ago, my friends made me buy some shitcoins whose price was about $0.000000001, but up until today, many of those coins are just there in my wallet, and they are still worthless. Trying to list some of them, I have safeBTC, I have baby Doge, baby Shiba, propel, wakandainu, and I also bought one token that is named Shitcoin. I actually bought that shitcoin on the Digifinex exchange. I spent about $50 to buy the token, but my invested amount is now worth $1.

Before an investor must invest in shitcoins, he or she must actually be aware that they are putting their money at risk and should be prepared for whatever result they get. They could end up losing their money or making just a little profit after a long wait.

[Wiwo]

Straight bullet answer,  shitcoins are not good for investment and as a matter of fact,  there is nothing but a waste of money and resources,  don't go for them, they are just gambles,  all they are after is to sink your money.

So if you already call them shit coins,  why then should you consider them a good investment or even a bad investment,  shitcoins are worst than Ponzi and does more harm than scammers since they give false hopes at most.

[CryptoLaila]

Straight bullet answer,  shitcoins are not good for investment and as a matter of fact,  there is nothing but a waste of money and resources,  don't go for them, they are just gambles,  all they are after is to sink your money.

So if you already call them shit coins,  why then should you consider them a good investment or even a bad investment,  shitcoins are worst than Ponzi and does more harm than scammers since they give false hopes at most.

Well  I agree with you but sometimes it's not okay to put all egg in one basket . However,  trading altcoin should be to the lowest investment as low as 1%

[Sim_card]

I will advise anyone that is new to crypto to stay away from ahitcoins as they are mostly used for pump and dump projects. Whoever thinks that he wants to gamble in the crypto market can invest in shitcoins but before then, you should make a proper research about the coins that you want to invest on in a short term so that you don't end up investing on the wrong coin and run at great loss. Shitcoin is good for trading because of the hype on the price and if you are lucky, you will make profit because they are for short term investment. I will prefer to stick only to bitcoin and nothing else, because I know that bitcoin will last for long a d it will give you a good profit when you invest in a long term duration.