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#JeremiahInvests
A shitcoin is considered to be a bad investment

Especially for the long term.

Lately there have been several meme coins that people keep pumping.

These are shit coins.

There is money to be made in the short term, but if you hold for the long term you'll probably get burned.

Spotting these are simple:

First: They usually have a very high supply like 500 trillion, or a quintillion or even more.

This is done to keep the price low because people will believe their 5 dollar investment can be worth millions one day soon.

Second: They also usually revolve around Elon Musk, or dogs.

This is due to how much Dogecoin pumped once Elon started tweeting about it.

Third: Now they brag about NFTs, gaming, and their strong community.

Fourth: You can't say anything bad about them without being accused of FUD, or Shilling.

Fifth: It brags about having an ecosystem despite having little to nothing - just empty promises

And finally it's usually an ERC 20 token.

Most of the things it brags about having doesn't even matter - if you want those things buy Ethereum instead.

Disclaimer: These videos/posts are for educational/entertainment purposes only. #Investing of any kind involves risk. Your investments are solely your responsibility. I am merely sharing my opinion/what I'm doing with no guarantee of gains or losses.

Title + Thumbnail + Skit Disclaimer: I DO NOT Consider myself a crypto expert, financial expert, or any kind of expert. Many of the titles that I make for my videos will contain Clickbait. This will also oftentimes be in the thumbnail, and I may also use it at some point in the video. Please watch the full video and remember this is for entertainment purposes only. I DO NOT CONSIDER MYSELF AN EXPERT, or an AUTHORITY ON ANYTHING.

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