I Bought Billions of Shitcoins: Where Will They Go?

First and foremost, this article is just based on my own understanding. If there is some information that I've said wrong, feel free to point it out and I will correct it.

Since the start of the bull run and alt season, there has been a lot of new coins that existed out of nowhere. I got to learn some of them when I was browsing on the Binance Filipino group on Facebook.

If you are familiar with it, one of the successful new coins that pumped to the moon is Safemoon. Some traders called it a shitcoin before but those who bagged a good amount of it already earned a huge profit from it. Others are saying it will still continue to pump since this coin has some good fundamentals.

SafeMoon Protocol:

"The SafeMoon Protocol is a community-driven, fairly launched DeFi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn."

-Safemoon Website

After its 'somehow' successful launch, there are now a lot of other "SAFE" Tokens that also came out of nowhere and are trying to follow its path. Some of the tokens I have heard are SafeGalaxy, Safe Mars, Safe Star, Safeorbit, and Safebtc. There is also now a new meme coin out of Elon Musk's tweet which is the $Elongate Token.

Just by reading their names alone, you can say that they are actually not so Safe to invest in. It would be like a gamble if you buy these tokens without doing some background research about their developers or their projects.

But because I am always being attacked by the Fear Of Missing Out whenever there is some trend in the crypto-verse, I also wanted to buy some of the tokens I have mentioned above and bought Billions of them. 😂

Of course, I only spent the amount I can afford to lose so it will not hurt a lot if ever these tokens will lose their value. 🤣

1. ElonGate

The first Token I bought is $ElonGate. It cost me 0.15 BNB or about $55 to buy 1.8Billion of ElonGate.

So, long story short, this tweet from March 25th is what started it all. Within a couple of hours, a website, called ElonGate.com was created for a cryptocurrency that goes by the name “ElonGate”. As you can see, people are not referring to a scandal but rather to an investment opportunity.

We all know that Elon Musk loves to troll around on Twitter and just by his tweet alone, he can send a coin to the moon. So many traders are also hopping into this 'shitcoin' with the hopes that Elon will also send it to the moon. 🤣

2. SafeBTC

The second 'shitcoin' I bought is Safebtc. I purchased 1 Billion SAFEBTC for 0.15 BNB or about $55 in value.

"Introducing SafeBTC a SAFEMOON protocol that rewards holders 2% per transaction and 2% to the liquidity locking forever.

SafeBTC generates yield by applying a tax of 5% on every transaction splitting that instantly among token holders and the liquidity pool.

SafeBTC is deflationary as well."

-CoinMarketCap.com

3. SafeGalaxy

I ran out of BNB last night which is why I was only able to buy 1.4Billion of SAFEGALAXY Tokens which cost me 0.1 BNB or about 37-40 dollars.

I can't find any information about this Token but I have seen their Telegram and Twitter account. I didn't join their community because I don't want to expose myself as a shitcoin holder but here I am writing this article. 🤣

In total, I spent 0.40 BNB or about $140 in buying these 'shitcoins'.

If these Tokens will go to the moon and my investment will multiply, that would be great. But if not and they just prefer to stay here on Earth and lose their value, then it will still be fine for me because I didn't invest much into these Tokens.

If you plan to buy these Tokens too, please buy at your own risk, and don't blame me if you end up losing your hard-earned money. This is obviously not financial advice. 🤷‍♀️🤣