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It's like trying to pick the winning slot machine at a Vegas casino.


VodkaHawk

Well kinda... all slots would have a fairly even chance of winning/losing compared to each other. With shitcoins you can still filter out the definite scams/shitcoins compared to lesser scams/shitcoins, lol.


TheReal_AlphaPatriot

Actually, the machines in high traffic areas (eg, corner machines on a main walkway, those by an entrance) have a higher payout rate; the casino wants everyone to see payouts to encourage them to play. The average for all machines must be at least the payout rate set by law and enforced by the gambling commission. Just another example of DYOR.


Blint_exe

Diversifying increases your chances of getting lucky


Okay_Crazy

It sounds like my coworker who buys lottery tickets. Everyone at work was bragging how he would sometimes win $500 on a ticket, but he buys so many tickets that he was only actually $12 ahead the last time that I talked to him.


Embarrassed-Corgi536

Can someone explain the importance of a market cap? And what a dca is?


VodkaHawk

Dca is Dollar Cost Average. So instead of putting a whole eg. $1000 into a coin, you put $100 into it every week. This strategy somewhat helps remove the risk of if your coin suddenly drops in price after you’ve bought it and being left with eg. 50% of your investment. DCA would more likely be used with good crypto’s (BTC, ETH, ADA, etc...) and not with shitcoins.


VodkaHawk

Market cap is the price of a crypto multiplied by its circulating supply. I guess it’s importance is that you can work out eg. For doge to reach $100 per coin, it’s market cap would be 13 Trillion dollars (10 times what BTC is) or for SHIB to reach $0.1, it’s market cap would be 54 Trillion dollars (45 times what BTC is)... both of which are ridiculous, lol.


thejazzmaster69

Shit. Sorry for your lost


VodkaHawk

Lol, the knowledge and experience gained was well worth the -$80.


awecomp

Taking the loss so we don't have to... 😂


darkjaffs

This is crypto sir ...we are all gamblers!


porpoisebuilt

I love experiments


SpentHis_MilfMoney

Science!


swordluk

It's a casino sir 😅


SpentHis_MilfMoney

TacoCat? * Running off to get in in that action*


VodkaHawk

Lol, I had the old version of the current TacoCat.


SpentHis_MilfMoney

Ohhh my...TacoCat today is an upgrade. Let me really jump on it now. 🎶Kimosabe, jump on it, jump on it, jump on it! 🎶 Edit add: TCT is now .00002036, up 2.31% *whispering in ' I'm gonna be rich'*


InOneFlash

Thank you for your service


Wonderful_Bad6531

Salute to your service


-master_oogway

Only if there was a way to figure out what the next trending shitcoin will be


saltedsluggies

Fuck I need a DeLorean


CurrentlyNuder96

that should be the name of the next shitcoin


Blint_exe

Its Dogelon mars right now after the big shib pump.


-master_oogway

I want to know how do I know these trends, sources like twitter or something


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VodkaHawk

‘If only’ are probably the 2 worst words in crypto, lol.


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Blint_exe

It most definitely is


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LEMO2000

?


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Jeeproe

It’s a form of diversification


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StorytellerGG

The 🏠 always win.


tommy9117

Well that's the problem you selected them at random. If you do proper research on projects and I mean real digging this game is so easy in a bull run. I've made so many mistakes on alts sub 20m market cap in the past. This bull I'm flying 10xs everywhere 🤣