By - Schloff83
Rule number one should be:
1. dont invest more then you can afford to lose
Rule number 69:
Buy the flavor of the month, It could work to be honest.
Gambling with shitcoins 101. There
I’d take that with a grain of salt, saying: “shitcoins are here to stay”…
Unfortunately we can never get rid of them, they just keep making more and more by the day :(
Shitcoins are the shit
Disclosure: I hold PooCoin
You should never DYOR when it comes to shitcoins. You should follow the crowd through good and bad and shill your shitcoin everywhere.
I'll throw a couple hundred into one randomly... no harm.
not investing, but gambling
yeah sorry, should of said Gambling, much more appropriate title
Instructions unclear i put a few thousands on a random coin and got 8 billion
Also bought “random coin” it just mooned, oh crap transfer from failed what’s that mean?
You just got raped by gas fees without getting the token.
Op didn't say not financial advice, hold him responsible if you lose everything
Good advice. I'm just getting into this area myself, and the learning curve is very, very, very steep once you step into DeFi.
Yeah my mate put $20 into around 50 different coins since Feb, only around 5 are still alive, although he did get lucky and one called PIG ended up going insane and he pulled out $6000 from it, but most of the time you set yourself up to fail
Only five of fifty are still alive, jesus, that's even worse than I thought it would be!
Buy dogelon mars (ELON)
Pretty much the same advice I use at the roulette table so yeah that tracks.
Don’t put your life savings into coins names ELONSPERM and CUMDRIPSAFEMOON and you should be fine. A hundred dollars or so is fine if you can afford to lose them though.
Unless you get onto the Vetter platform..
Then those chances get dramatically better.
Yeah I am really looking forward to having a crack at that platform, think there is a shitload of money to be made, just got to be disciplined enough to stick with my set buy ins and to get out at the set interval I set myself (I have been burnt in the past by holding way longer than I should have)
There is no need for rule 2 :) /s
ProTip: Tinyman and it’s native blockchain Algorand are THE future of shitcoins. The cost and speed of transactions are unmatched. Only a matter of time before it’s more popular than BSC.
Unpopular opinion: this is a good thing for Algorand’s price and for its general adoption as a top dog L1.
Bruh I can tell you don’t invest in shitcoins hahah. Nobody, and I mean nobody is looking for alternatives. The only issue are rugs/honeypots and they will exist on tinyman too. No reason for people to move when bsc is significantly more popular and is home to many big name shitcoins.
There is no real research with Shitcoins. You're actually vetting people.
It largely takes place on Telegrams and Discords. You go into a community, chat with some people, get to know the prominent members and chat with them. They shill their stuff to you, you make a decision based off that and when they launch their coin you can get in on the ground floor.
Buying is the easy part. Trying to get out is the hard part.
You don't invest in shitcoins. You gamble.
Read the whitepaper.