How to identify shitcoins? - page 3.

barhavsky

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Quote from: Tahid12 on August 25, 2023, 05:08:22 PM

As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.

If you are ready to invest in altcoin, then you should already be aware of the risks, because investing in altcoin does have a big risks with a big profits too, but of course if I were you, then I would definitely choose altcoin that are already popular and at the top 50 on coinmarketcap, because the risk is smaller, although there is still a risk that we could lose our money, but if altcoin that you are investing is still progressing and active, then it is better for you to just hold and wait until the market situation starts to increase or the market experiences a bull run, because maybe the price of altcoin that you invest will increase and give you a profit.

batang_bitcoin

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Quote from: Mate2237 on December 04, 2023, 05:13:28 PM

Quote from: batang_bitcoin on December 04, 2023, 01:38:58 PM

]
Specific to the shitcoins, it's true that most of them won't stay in the market once the developers were done making money out of it. Then, those that have thought to believe that they're great projects are gonna be left with all of those shit tokens.

Hey! Colleague thanks for this answer. A question was also ask why some of the altcoins give up along the journey and since I am not too good altcoins I just gave the reasons that are best suites to it and they were correct. And when I saw this your comment I was impressed as well. So that means most of the developers of altcoins behave like ponzi schemers. Once they have gotten the amount they wanted then the project would collapsed or would ente enter the site maintenance group and that would be that last time to see the website.

Yes, that's right and if you have can remember what happened on 2018. That was the bear market and many of these altcoin projects have behaved like scams and that pushed also the market very low.

Quote from: Mate2237 on December 04, 2023, 05:13:28 PM

Quote from: batang_bitcoin on December 04, 2023, 01:38:58 PM

]
This is no brainer and no contest. No matter what type of projects come out and tells that they will beat bitcoin whether they are good, shitcoins or meme coins, nothing beats Bitcoin.

If any project came and says that they are going to beat Bitcoin they are automatically tag as scammers.

Well, we can conclude that but sometimes these projects are believing too much to their potential. But wait for a few months and you'll see if they can really be a competitor or not.

Wahyuihib

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It's hard to find coins that really have good value, not shitcoins. because even though shitcoin also has a good concept, it seems as if they are not a fraud. However, a good way to choose a good coin is that you can see it on various exchanges. Choose the coin that has the top ranking

Lamkuthang

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Quote from: terizla on December 05, 2023, 09:42:35 AM

I always check new Altcoins is from their project first. How ling did the project start. The goal of that project. The Team behind who help that project. Another famous project who follow that project.

Everyone wants to profit and not lose.. That's right and that's the main foundation for us to explore so that we don't get lost in the middle of the road because this is talking about where the most appropriate place for our money is to be placed and if it's wrong it will be very funny and painful.

terizla

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I always check new Altcoins is from their project first. How ling did the project start. The goal of that project. The Team behind who help that project. Another famous project who follow that project.

yazher

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Quote from: gabbie2010 on December 05, 2023, 06:22:54 AM

Unfortunately many developers of those shitcoins got away with their fraudulent and scamming act because of non regulation of crypto, many of those projects are well packaged such that it would be very difficult to suspect any scam whereas their developers are just trying to obtain funds from unsuspecting investors thereafter abandoned it and vanish into thin air without any traces, I would always emphasize investing hard earn money on trusted, genuine and credible altcoins though expected returns or profits from the real altcoins might not much however the opportunity of recouping the original fund including small profit outweigh that of investing in a shitcoins.

This mostly happens when they first hype their investors and spectators with their sweet words and sugarcoated ideas which will never happen because it's just all for show and everything is set to fool their target newbie investors. When they first released their coins, it will be a blockbuster hit and you can see the graph always move up to show the investors they have done the right thing and when they finally reached the necessary amount of money to cover all their expenses and mostly they get more than that, they will dump the coin and disappear leaving their investors some false promises and hope.

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Quote from: Mate2237 on December 04, 2023, 05:13:28 PM

Quote from: batang_bitcoin on December 04, 2023, 01:38:58 PM

]
Specific to the shitcoins, it's true that most of them won't stay in the market once the developers were done making money out of it. Then, those that have thought to believe that they're great projects are gonna be left with all of those shit tokens.

Hey! Colleague thanks for this answer. A question was also ask why some of the altcoins give up along the journey and since I am not too good altcoins I just gave the reasons that are best suites to it and they were correct. And when I saw this your comment I was impressed as well. So that means most of the developers of altcoins behave like ponzi schemers. Once they have gotten the amount they wanted then the project would collapsed or would ente enter the site maintenance group and that would be that last time to see the website.

quote author=batang_bitcoin link=topic=5464597.msg63269378#msg63269378 date=1701715138]]
This is no brainer and no contest. No matter what type of projects come out and tells that they will beat bitcoin whether they are good, shitcoins or meme coins, nothing beats Bitcoin.

If any project came and says that they are going to beat Bitcoin they are automatically tag as scammers.
[/quote]
Unfortunately many developers of those shitcoins got away with their fraudulent and scamming act because of non regulation of crypto, many of those projects are well packaged such that it would be very difficult to suspect any scam whereas their developers are just trying to obtain funds from unsuspecting investors thereafter abandoned it and vanish into thin air without any traces, I would always emphasize investing hard earn money on trusted, genuine and credible altcoins though expected returns or profits from the real altcoins might not much however the opportunity of recouping the original fund including small profit outweigh that of investing in a shitcoins.

Mate2237

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Quote from: batang_bitcoin on December 04, 2023, 01:38:58 PM

]
Specific to the shitcoins, it's true that most of them won't stay in the market once the developers were done making money out of it. Then, those that have thought to believe that they're great projects are gonna be left with all of those shit tokens.

Hey! Colleague thanks for this answer. A question was also ask why some of the altcoins give up along the journey and since I am not too good altcoins I just gave the reasons that are best suites to it and they were correct. And when I saw this your comment I was impressed as well. So that means most of the developers of altcoins behave like ponzi schemers. Once they have gotten the amount they wanted then the project would collapsed or would ente enter the site maintenance group and that would be that last time to see the website.

quote author=batang_bitcoin link=topic=5464597.msg63269378#msg63269378 date=1701715138]]
This is no brainer and no contest. No matter what type of projects come out and tells that they will beat bitcoin whether they are good, shitcoins or meme coins, nothing beats Bitcoin.
[/quote]
If any project came and says that they are going to beat Bitcoin they are automatically tag as scammers.

batang_bitcoin

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Quote from: fzkto on December 04, 2023, 10:09:50 AM

Probably some people are contraindicated in investing, because for them it is only a bad experience. But still, if you look at most of the old projects, you will see that they have shown growth no worse than bitcoin. It's just that altcoins don't have a long lifespan, because new and new projects are constantly appearing to replace the old ones.

Specific to the shitcoins, it's true that most of them won't stay in the market once the developers were done making money out of it. Then, those that have thought to believe that they're great projects are gonna be left with all of those shit tokens.

Quote from: fzkto on December 04, 2023, 10:09:50 AM

But nothing can replace bitcoin.

This is no brainer and no contest. No matter what type of projects come out and tells that they will beat bitcoin whether they are good, shitcoins or meme coins, nothing beats Bitcoin.

fzkto

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Quote from: Dr.Osh on December 04, 2023, 09:51:07 AM

Quote from: Publictalk792 on November 30, 2023, 05:05:12 AM

I am sorry to hear that you have a bad experience with investing in altcoins It is really disappointing when your investments do not work like you hope.The cryptocurrency market is known for having some scams.... So it is important to do your research before investing in any altcoin.

Sometimes we saw that a project may look really promising at first with a good team and lot of people supporting it (like Luna and FTT).But remember one thing it is important to think first and never fall in scam quickly do a proper research.

And It is also a good idea to spread your investments and never put all your money into one cryptocurrency. If you get any loss from one side so... definitely you will get some benifits from other side. And it is better if you will concern to any experienced people they will give you a better idea(and I really hope they will give you Idea to invest in Bitcoin).

But keep in mind that investing in cryptocurrencies is risky so it is important to be careful. Any project can scam or collapse and you have some examples like Luna and FTT.

And in my recommendation only one coin in which you can believe that is Bitcoin and just Bitcoin.

Yes, in reality it is like that. I have owned many altcoins that I thought would have high prices in the future, but the CEO was suspected of fraud and scam. It's not just one altcoin that is like that if we look into the past, but many altcoins are like that. The OP is not the only victim, but there are a lot of people who used to think that the few altcoins they held could make them rich, and now think that bitcoin is the only profitable crypto. However, I don't blame people who have views like that, because I have felt that way too. However, I still believe that some popular altcoins could have high prices in the future.

Probably some people are contraindicated in investing, because for them it is only a bad experience. But still, if you look at most of the old projects, you will see that they have shown growth no worse than bitcoin. It's just that altcoins don't have a long lifespan, because new and new projects are constantly appearing to replace the old ones. But nothing can replace bitcoin.

Dr.Osh

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Quote from: Publictalk792 on November 30, 2023, 05:05:12 AM

I am sorry to hear that you have a bad experience with investing in altcoins It is really disappointing when your investments do not work like you hope.The cryptocurrency market is known for having some scams.... So it is important to do your research before investing in any altcoin.

Sometimes we saw that a project may look really promising at first with a good team and lot of people supporting it (like Luna and FTT).But remember one thing it is important to think first and never fall in scam quickly do a proper research.

And It is also a good idea to spread your investments and never put all your money into one cryptocurrency. If you get any loss from one side so... definitely you will get some benifits from other side. And it is better if you will concern to any experienced people they will give you a better idea(and I really hope they will give you Idea to invest in Bitcoin).

But keep in mind that investing in cryptocurrencies is risky so it is important to be careful. Any project can scam or collapse and you have some examples like Luna and FTT.

And in my recommendation only one coin in which you can believe that is Bitcoin and just Bitcoin.

Yes, in reality it is like that. I have owned many altcoins that I thought would have high prices in the future, but the CEO was suspected of fraud and scam. It's not just one altcoin that is like that if we look into the past, but many altcoins are like that. The OP is not the only victim, but there are a lot of people who used to think that the few altcoins they held could make them rich, and now think that bitcoin is the only profitable crypto. However, I don't blame people who have views like that, because I have felt that way too. However, I still believe that some popular altcoins could have high prices in the future.

HunterBTC

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Not all coins will be in the form of currency, it has been proven by all bounty seekers that this is the same as trying without results. However, all of this can be handled by increasing the number of forums and communities with good ideas. It's not easy, it will definitely come together after swallowing the bitterness of being a coin hunter.

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Quote from: GlacierBIT on November 26, 2023, 01:16:03 PM

Shitcoins that have no value are just junk in your wallet. Forget about them, you will never be able to sell them. Instead, focus your attention on existing projects, these coins tend to have greater liquidity and a higher chance of retaining their value over time.

and altcoins that have utility but no price or liquidity are also trash because you can't sell them. Don't just focus on large liquidity but you also have to focus on the community of the project because it is useless if only have large liquidity but a small community. if it only has large liquidity but a small community, I think the project will not last long because the available liquidity will decrease.

JayTrain

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My wallet also became like a museum, there were about 70 tokens in it from different projects, and my main mistake was that I did not sell some on time, many projects in my wallet were worth, in principle, some kind of value, but as usual I waited even more, in in the end they are all almost equal to 0.

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Shitcoins can be recognized by the news that someone has suddenly become rich by buying their coin.

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Quote from: Tahid12 on August 25, 2023, 05:08:22 PM

As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.

It's actually very easy to know whether it's a shitcoin or not.
1. Go to cmc, there is full info on the coin you want, if it hasn't been listed, it's most likely a shitcoin.
2. Check the website, Telegram, Twitter and other social media. Usually from there you can see their progress, how they treat the community. If it's shitcoin, the Telegram group only contains pump and dump.
3. Check their website. good projects explain what their projects are like, shitcoins don't, just website capital, they list and rug. Shitcoin sometimes has a WP, but it's limited, and tends to be haphazard.
4. Use your heart. the feeling of a crypto lover knowing whether this is a shitcoin or not.
5. only buy bitcoins. you will be free from shitcoins forever.[/li][/list]

vs2014

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If you have a hard time understanding which coin is shitcoins then you should first understand how successful the project is in the crypto market and also you should do the best bitcoin, ethereum. A shitcoin has a lot of supply but their project activity is not good at all. If you look at the social media channels of the team community, you will understand that they are inactive. It will be a long time but there will be no update on the development of their project. They will enter into some exchanges which free fees so any crypto user can understand these shitcoins.

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Quote from: Tahid12 on August 25, 2023, 05:08:22 PM

As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.

Before buying some of these coins it's usually advised you DYOR first and if these coins are not listed on major exchange platforms then it's an indication you may be at your own risk , if they don't have a good community anda solid projects backing them, I think you should know what to do but then always know that on the long run the results will play out.

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Quote from: Publictalk792 on November 30, 2023, 05:05:12 AM

I am sorry to hear that you have a bad experience with investing in altcoins It is really disappointing when your investments do not work like you hope.The cryptocurrency market is known for having some scams.... So it is important to do your research before investing in any altcoin.

Sometimes we saw that a project may look really promising at first with a good team and lot of people supporting it (like Luna and FTT).But remember one thing it is important to think first and never fall in scam quickly do a proper research.

And It is also a good idea to spread your investments and never put all your money into one cryptocurrency. If you get any loss from one side so... definitely you will get some benifits from other side. And it is better if you will concern to any experienced people they will give you a better idea(and I really hope they will give you Idea to invest in Bitcoin).

But keep in mind that investing in cryptocurrencies is risky so it is important to be careful. Any project can scam or collapse and you have some examples like Luna and FTT.

And in my recommendation only one coin in which you can believe that is Bitcoin and just Bitcoin.

Research is important, but this market is unpredictable, so even the best due diligence cant forecast every conclusion. Luna? FTT? They collapsed despite appearing bulletproof. What does this mean? The best projects can fail.

As you noted, diversification is crucial. In a volatile market like bitcoin, diversifying risks means not placing all your eggs in one basket. Yes, obtaining advice from experienced investors is wise, but even experts cant predict every single move. Bitcoin is relatively steady, as you say. The pioneer, the proven. Beware complacency. Bitcoin experiences ups and downs. Be wise when investing.

Publictalk792

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I am sorry to hear that you have a bad experience with investing in altcoins It is really disappointing when your investments do not work like you hope.The cryptocurrency market is known for having some scams.... So it is important to do your research before investing in any altcoin.

Sometimes we saw that a project may look really promising at first with a good team and lot of people supporting it (like Luna and FTT).But remember one thing it is important to think first and never fall in scam quickly do a proper research.

And It is also a good idea to spread your investments and never put all your money into one cryptocurrency. If you get any loss from one side so... definitely you will get some benifits from other side. And it is better if you will concern to any experienced people they will give you a better idea(and I really hope they will give you Idea to invest in Bitcoin).

But keep in mind that investing in cryptocurrencies is risky so it is important to be careful. Any project can scam or collapse and you have some examples like Luna and FTT.

And in my recommendation only one coin in which you can believe that is Bitcoin and just Bitcoin.

Topic: How to identify shitcoins? - page 3. (Read 1905 times)