If you’ve invested in a Shitcoin, that’s not an issue. The issue is promoting the idea to others who may not know the risks.

Cryptocurrency News and Public Mining Pools

If you’ve invested in a Shitcoin, that’s not an issue. The issue is promoting the idea to others who may not know the risks.

The cryptocurrency market is seeing a daily influx of new people interested in the space. Many will have seen coins like Doge make people quick money and want a peice of the action.

I get it we all want to be rich and quicker is better right?

Well here's the thing, with a lot of the shitcoins that people are shilling to others, their price is only increasing with the volumes of people buying in. So when people start to cash out there will be a massive drop in price and potentially a landslide effect of panic which will make you loose a lot of money.

If you time it right, great you've made money. But for most it is a different story.

It's gambling, whilst there is nothing wrong with the occasion gamble, we wouldn't advise anyone to put all of their spare income into a casino. So please dont do it for shitcoins that are a gamble.

submitted by /u/LukeOnLive
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