/biz/ - Business & Finance

>>57700732

>>26146425
Yeah a 10x with shitty volume that it's impossible to profit from unless you are playing with mom's paycheck

>>26136014
99% of shitcoins that pump pump once and stagnate forever
there isnt even enough volume to cash out big amounts in case you luck out

only 0.00000001% of ones that stay high with good volume make people rich if they get early

its all a big joke

>>26139881
Yeah, be on the wrong side of the trade and 99% chances you end up like pic related.

>>26118551
Yeah, the same people that will dump on your dumb ass.

>>26116316
>buy random shitcoin
>99% chances it crabs to 0
>buy big caps or Bitcoin y now
>watch it dump because the money has already been made

You are LATE again.

Daily reminder that this is how 99% of altcoins end up.
Not only you have to get in early in an altcoin to get rich, it also must sustain it's price so you can actually sell. Most are quick pump and dump no liquidity scamwicks.
So you have to get in early, maintain the position long term, and pray that the SEC doesn't label it a security by the time the market has healthy resistances and allows you to cash out millions.
LINK was a rare occurence, your shitcoin isn't another success story.
Fucking retarded casino.

>>26108332
All altcoins end up like this. Just because a tiny 1% luck out getting early doesn't mean you will.
Consider this: Even if you buy a shitcoin that's worth cents and it goes to $1, you still need the liquidity on the market to not crash it easily as early investors need.

What im saying is you need the project to explode bigly and mantain key resistances, like LINK did.

How many from cents to $20 altcoins with active communities working and shilling it are? so few that statistically it's a crapshot.

Not to mention the SEC could rule any given crypto a security. Forget about Tether (which is a real treat unlike BTC aspies tell themselves it's all FUD). The fucking SEC could crush your shitcoin in seconds. And then, you have all ERC20 tokens basically at risk if ETH shits the bed on his 2.0 transition.

So you must pick a shitcoin that

1) Moons
2) Maintains the market at high enough marketcap that you can sell big amounts
3) It's outside of the risk of SEC
4) Has no ETH associated risks or at least manages to get you rich before ETH crashes


So good luck with that.

This is how it ends for 99% of altcoins.