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Only people that make money on shitcoins are either whales, insiders or those that create them. You are neither so stop being exit liquidity.

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by COINS NEWS 165 Views

In shitcoins and memecoins you are the product, not the coin. For creators and all whales you are just another idiot that FOMO to pump someone else bags. Unless you know creators or are one of them or unless you are a whale that can afford to pump and dump by yourself you will lose on it. Those aren't projects to hold long term, just buy early or even better create it, make fat bag and sell. Then move on and forgot. That's what all those whales do. If you hear about next gem it is already way to late.

That's how it works. You are not smart by buying some shitcoin that pump, you are exist liquidity. Sure it can go 10% maybe even 50% up, but it is huge risk. All those insiders or whales already make x10 or x100, they pump on you.

You want be smart don't be naive and don't pump their bags. Don't buy coin when everyone already talk about it. If anything try to find coins like ARB or Sui before launch. Then you can gamble a bit $10 maybe $20. Today Sui launched, currently is worth $1.35. You know how much whitelisted investors paid for it? $0.03. Easy x45 for them, when some greedy fools now fight for scraps. Whales or early investors will always outsmart you and have much bigger profit margins. Of course if you will have any profit at all. Most shitcoins, memecoins or new projects are not profitable at all.

submitted by /u/Nuewim
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