If you are a crypto investor then you definitely know about shitcoins but before starting let me tell about it briefly. Shitcoins typically have no clear purpose or innovative function within the cryptocurrency ecosystem. The price of shitcoins are often driven by social media, influencer promotions, or the hope of quick returns, rather than by real-world adoption or demand. Many investors invest on it with a dream of becoming Millionaire. When investing on it can cause big loss too.
Shitcoins has high risk and term is subjective and is used to describe any cryptocurrency that an individual considers to be a poor investment due to its lack of value. Meany shitcoin investors found crying after the serious dump happened yesterday and shake the whole crypto market with a shock. In Binance feed floooded with the news of shitcoins dump and scam, most of the investors shared the big loss story with crying emoji. Some investors lost almost their all investment on shitcoins.
Honestly the coin I'm holding in my wallet is feels like a shitcoin to me or maybe it is listed in shitcoins already as the dump affected my crypto portfolio or asset brutally. This dump will be unforgettable when we are close to the end of this year. When all were expecting bull market, but something unexpected happen. How smart investor you are doesn’t matter, sometimes crypto market shows something which was unpredictable and unexpected. When I was waiting for a surprise pump, this dump cause serious asset loss.
Feeling worse for shitcoin investors and the dump definitely affected the asset we are holding. Hold is gold but this kind of crypto price dump feels like hold is horrible. But right now holding is the only option. How long it needs to hold, nobody knows but hold is a hope too as crypto pump can change the cry to smile. Sake of staying uptodate on crypto news I've entered to crypto wallet or else it feels worse when seeing asset value reduced overnight more than 70%. Holding with hope.
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