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Today I want to share a little about what trash coins are, because I see many newcomers to crypto often get confused about this issue.
Basically, trash coins differ from Bitcoin in that they have an unusually low price. Bitcoin requires about $52k to own, but with trash coins, just a few cents can get you dozens or even hundreds of coins. The feeling of owning so many coins may seem strange, but in fact, it’s very easy to create a sense of wealth 😅
Regarding advantages, the low price makes it easy to enter, easy to swing trade, and especially easy to get FOMO because of stories about meme coins that you hear all the time. But the main disadvantage is the warning point: trash coins are very unlikely to increase significantly in price, easy for whales to dump, and most do not have real long-term plans. Some projects are even outright scams.
My observation is that trash coins only really see strong price increases when they are listed on major exchanges. Before that, it’s more like gambling than investing. So when trading trash coins, be very careful and never invest money you can’t afford to lose. Good luck to you all!