We are in the time of Shitcoins
In the world of cryptocurrencies, there is a constant development and there is a constant demand from traders and investors, and every day we have new users. We have decentralized finance projects, then NFTs, then we started moving to dog currencies, and now the era of Shitcoins has begun.
After smart contracts started and a lot of tokens were created, especially with the presence of the Binance network, which made things much easier in creating a lot of currencies, and also with the presence of Swap platforms, dozens of Tokens are created daily.
Although, as I mentioned in the title of the post, everyone says that these currencies are Shitcoins, and many also know that these currencies 90% of them will not last long and that the risk is high, but the demand for them is increasing day by day. If you look at Coinmarketcap, you will find a lot of them in Trends and Top Gainers also and they also compete with old cryptocurrencies.
What motivates people to buy these currencies?
Most traders have capital ranging from 500 to 5000 dollars at the highest estimate, so in the best case, if you buy a currency and it rises 3 times, the owner of 500 dollars will win 5 thousand dollars.
And if you buy Bitcoin now from the price of 60 thousand dollars and it rose to 200 thousand dollars, you will earn about 3 times for those who have low capital, as I mentioned to you, this will not work in buying a Lambo or a big change in life.
Therefore, most resort to buying this Shitcoin in the hope of obtaining thousands of times more profits, as happened with Shiba, where the story of converting 8000 dollars into billions after buying Shiba currency .
So, seizing the opportunity is a good thing in buying these currencies, but taking precautions with all the risks that may make you lose all your money. Instead of a simple profit, you find yourself losing all your money and starting from scratch, so you must deal more wisely.
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