Get to Know & Understand About Shit/Micin Coin
When we talk about steemit, of course this will not be separated from one thing, namely cryptocurrency. Cryptocurrency has been loved by many people of all societies. If I'm honest, the development of cryptocurrencies in Aceh itself or if we can narrow the area, namely around my village, lhokseumawe caused by steemit.
Steemit has made the community's network of knowledge about crypto even wider. Over time, cryptocurrencies are not just about coins which are already popular and easy to find in several big markets, but also many new types have been born. The new type I mean is called token micin, or shitcoin.
What is coin micin/shit coin.
In short, coin micin or true traders often refer to it as shit coin, which is a type of coin that has just been born in cyptocurency. His presence in the world of cryptocurrencies is very exciting for traders, because at the time of birth the price was very, very cheap, it could even be in the range of less than Rp 1.
This is similar to what is written on the investpedia website
Shitcoin is a cryptocurrency with a small amount of value or no value at all or a type of digital currency that does not have a clear and direct purpose.
Advantages and disadvantages.
As said before, Its presence at a very cheap price is of course very attractive and offers multiple benefits. This advantage can be obtained because in a short time the price of coin micin on the market will rise in an instant. The increase in price is even beyond our common sense.
Contoh pergerakann harga micin/shitcoin screenshoot
They can reach up to 10,000% more, tempting, right? Price movements and changes in that short time, will provide benefits in a short time. In addition to instant profits, it turns out that investing in coin micin also has risks. As people who have long understood cryptocurrencies, we have certainly heard the term “high risk, high return. We can interpret that sentence as the greater the risk, the greater the profit.
Shit coin or coin micin is like two sides of a coin that can make us rich suddenly, as well as bankrupt in an instant.
This is because the characteristic of shitcoins is that the price increases in the short term, and is followed by a decrease in the price in the same term. the reason is, because investors expect profits in the short term.
Why are shit coins high risk?
As a new coin, of course, these coins do not have strong fundamentals and not yet clear. Even though the average shit coin price will immediately soar in a matter of minutes, their prices could also collapse in an instant.
scam alert source
In addition, another risk that is very dangerous and can make the wallet dry is a scam. Given the lack of clarity about the fundamentals of coin newborn, so the possibility of being deleted, deleted, or lost from circulation is very high.
If you are really interested in investing here, you should use a small part of the contents of your wallet, because the price is very volatile or erratic, and learn the risks first, not tempted by the benefits. What is equally important for beginners is, studied and had to search for it just as it was launched.
to see the price movement of shitcoin, you can see the HERE, we can also see the trending types of shit coins.