It’s already the moment of selling high. Buy low is when they’re introduced. Shitcoins are generally going down with value. If you buy now you will end losing money 100%
None of them have a real practical application, it’s 100% speculation
I have a revolut account and for some reason they give $1 in shitcoins if you answer some questions like “bonk differs from the other shitcoins because it’s made for the lolz” or “floki does exactly the same of other shitcoins but slightly different”
How to make money with shitcoins 101:
Pay some $100k to some dev to create something the slightly differs from the existing ones
Pay some millions of dollars to some marketing agency to find a way to get this shitcoin popular. A funny name, a funny icon, or some solution in search of a problem. Something like “this shitcoin can lower the transfer fees of other shitcoins and also if you hold the bag you get 69% APR”
When it launches you immediately buy it for pennies, or even directly access some premined quota (like 30% of whole distribution) that the dev left for you
When idiots buy it, raising the price, you slowly dump it
Clueless people did the staking (lock them for a year) of millions of “cat coin”, worth $1 each at the time thinking that they are going to get 69% APR. They actually get the 69% APR, but the problem is that each “cat coin” after a year is worth $0.000001 each