2021 introduced many shit coins to the crypto space. Many crypto investors benefited hugely from the rise of these shit coins. Shiba Inu, one of the most popular shit coins gave investors more than 900x return. However, some of these shit coins have been rug pulled by the project creator leading to loss of funds for investors. The squid game was one of the popular shit coins that were rug pulled in 2021.
What does CryproHelpDesk have to say about Shit coins ?
Shit coins also known as Meme coins came into the crypto space through the opportunity presented by the Binance Smart Chain. It made it possible for people to create coins with ease. This created room for bad players to penetrate the crypto market, creating fake coins and scamming people with them. Shit coins are a risky type of investment, and as such one should be very careful dealing with them. If you are to invest in shit coins, it is expected that you invest what you can afford to lose.
Below are a few tips that should help you with Shit coins.
Have an entry point and exit point. This will help you to take out profit at a particular time while waiting for further rise.
They are not good for long term hodl
Invest only what you can afford to lose
Be in their telegram group and ensure you monitor the tokens chart.
Know when to cut your loss, especially when it seems that the numbers of sells are greater than buys.
Have a separate wallet for Shit coins. This is because some shit coin's smart contract can be used for phishing activities.
What is CryptoHelpDesk About?
CryptoHelpDesk is a project that wants to bring a platform for both Crypto experts and newbies to come together and assist each other in various ways. The Hive community has made many sub-communities available for newbies so that their journey in the Hive community won't be a difficult one. However, most of these communities provide guides to newbies based on Hive-related services. It becomes difficult for newbies who are entering the crypto world through the Hive blockchain to understand other crypto-related services outside Hive.
Most crypto experts have also passed through some challenges in their day-to-day interaction with the crypto world and were rewarded with knowledge and experience. Shortly, some other crypto lovers or newbies may likely face a similar challenge and will overcome it easily, if they have read from persons that have passed through the same challenge.
I believe that having such a platform where oldbies in the crypto sphere can share their experiences both the sad and the good ones, a place where newbies are provided with a daily thread where they can easily come and ask "any" crypto-related question, a place confined to crypto and NFT related information, where relevant tips are shared for general growth, will be very helpful to the Hive community.