A shitcoin experiment

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On numerous occasions, I've talked about how much I don't like the way people treat the crypto industry Luke it's a casino. I think this particular way of going about business gives normies the wrong impression about the industry.

With that said, I've decided to also look at the crypto industry from a pseudo-normie view. This basically means I'm going to act like a normie but at the same time, be aware of how things go.

In this experiment that I'm doing with a random selection of shitcoins, I'll be gambling with crypto.

My motivation to try came from a bunch of news, including the fact that this dude retired early because of a shitcoin.

I don't intend to retire from this activity and I'm actually not expecting any proceeds from the activity, but I'm going to do it anyway, just to say I did it.

One million Shiba

I figured that if I'm going to experiment with the shitcoin game, I might as well start with the shitcoin that spurred me to try. I mean, yeah, Dogecoin is actually the king of shitcoins but Shiba has been blazing the trail lately.

The useless asset actually broke into the top 10 cryptos for a while and it's currently sitting at 11th position.

If someone could burn like 90% of the supply, that would actually be very nice. However, I honestly have no expectations from this purchase and that's a common theme for all the other tokens that made the list.

I bought slightly more than 1m Shiba on Binance and I'll just hold it. The plan for Shiba and the other tokens on this list is that I'll hold them until around February when I reckon the bull season should be at fever pitch.

Quantity not Quality

For the rest of the list, I picked out some shitcoins that I honestly don't know what they exist for. However, they exist and the Lindy effect ensures that they will always exist.

The first of the two coins I bought for my shitcoin experiment is approximately 97k pieces of Win or Wink token. It's a token that I've observed people shilling on Twitter.

I know it has to do with a gambling platform on Tron and nothing more. I don't have any expectations from this venture but I'll hodl anyways.

The other Shitcoin I bought was XEC(ecash). For Win, at least I knew something about it.

For XEC, I knew nothing about the asset. I was scrolling through Binance and looked for assets that I could own a few hundred thousand or a million and feel good about myself.

So, yeah, thanks to that, I also own 255k of XEC. It's a venture that I have no clue where it's headed.

My total expenditure for all the shitcoins was about $200.

What's Next?

There's nothing fancy coming up next. I bought shitcoins and will hold them until February.

I'll be watching the market to see if there are any pumps along the way. However, for Win and Shiba at least, I don't think there will be any major pumps along the way.

If any major move happens along the way, I'd gladly cash out to Stable coin and move the proceeds to relevant projects. However, if the experiment goes bust, I'll sleep easy knowing that I lost a gamble.

It's weird

It's kind of weird for me because I'm not used to being in this kind of make-it-or-break-it crypto situation.

I'm generally invested in low-risk and low-reward-type projects with a solid foundation and potential.

That's why my major investments are in Splinterlands and Leo finance-related investments.

As it stands now, I'm holding a bunch of random and useless assets on Binance exchange. I have no clue what will come from it and that's why it's an experiment. We'll see how it goes.


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11 comments
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The weird thing about shitcoin is that some people made more money on shitcoins..

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Some who trade them properly do make huge amounts. For the rest of us, it is nothing more than just trying to fund the good projects and get involved that way. Might be a bit slower but will pay out in the end.

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I have been thinking like this for quite some time now, I want to gamble on some coin but scared because I don't wanna lose money but I will doing this now

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There is a lot of money in lottery tickets. We are going to see a lot more made. These might not hold their pricing but those who trade them properly are able to benefit greatly.

As for me, not my thing unless I have some use case with it.

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It's not my thing either but I figured I might as well just okay with spare funds.

Meanwhile please do you know any BSC Dev? My wallet was hacked and cleaned dry. About $10k worth of my assets were stolen. I'm in so much pain.

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Feel sad hearing this, I have faith that if God can see it is beneficial for us, God can return it someday in other figure.

Don't lose hope, I know you are a good guy. If you made it, no doubt you can made it again, $10k is nothing, we can make lot a more in Hive. Let us have faith and seek God in our lives first and every goodness will come in our life.

But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.

Matthew 6:33
King James Version (KJV)

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There may be a greater purpose for this “shit”. As they say buyer beware. Personally it’s fun to hold a few million or even a billion. I usually look for projects that actually sell something like NFT’s or have a virtual ecosystem that kicks back income to holders.

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This is a wake up call for many of us.
Meme coin looks scary from a distance.
Since they are part of the marketplace
things can happen.

!BEER

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