How to identify shitcoins? - page 4.

deepblue01

full member

Activity: 840

Merit: 117

Quote from: Bushdark on November 26, 2023, 08:30:50 AM

Quote from: Adreman23 on November 19, 2023, 06:00:00 AM

Not all unsuccessful altcoins result from scams. Various factors, like a waning community interest, contribute to this, as attention shifts to more hyped altcoins. Consequently, holders may sell and move their investments elsewhere. There are multiple potential reasons. Therefore, it's crucial to stay attentive, consistently monitoring our held altcoins, and being prepared to sell if needed, preventing them from losing value in our wallets.

The way people are investing in altcoins are random that is why we keep seeing people selling there tokens holdings and using the money to buy next available and trending or new projects with the aim of making profits from the projects. We don't leave money we use to invest in a project for too long. We need to be taking our profits and investing in the next promising projects so we don't fall to prey of leaving the fund for when the project price will appreciate. It might not even appreciate and funds might be lost along.
.

I agree with you because most of altcoin project will be dead soon. we can ride the trend when it's hype but don't hold for too long because the risk is so high.
Although some altcoin did really do their job and try everything but but it still doesn't work

GlacierBIT

sr. member

Activity: 896

Merit: 255

Tontogether | Save Smart & Win Big

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.

Tigerheart3026

full member

Activity: 902

Merit: 112

Quote from: GreenStox on November 23, 2023, 03:47:52 AM

Usually the roadmap and development is not clear, it is done quickly and there is no preparation, usually there is an extraordinary increase within 1 day and then a deep decline too.usually described as a token that has a very large supply.

firstly i can not believe a new project it's doesn't mean that all of the new coins are scammed,
but most of scam because those are copy project, i see many scam coins are created by popular meme coins name, so stay away from those project,
development,roadmap,partners,team management,exchange listing all of factors are important to identify shitcoins.

bangjoe

hero member

Activity: 1400

Merit: 674

If you look for shitcoins in altcoins all bitcoiners will say that all altcoins are shitcoins.
But maybe some people differ in this view, for many reasons that he considers correct and becomes a guideline in investing.

Most altcoins become shitcoins when their projects are outdated with technological advances, we all know that effectiveness, efficiency as well as security are the most basic values in crypto that make them attractive, but most of them are getting worse is losing their market or interest from investors or users of their ecosystem so that they no longer get funds to continue operating their projects, and there are some developers who have stuck with the project they created or can say they are stuck, so there are no more updates or anything about the project. You can look at the community and or monitor directly on the altcoin project road map to see what steps the developer will take, if it seems strange and there is no logical development then you should be careful.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

Quote from: nimogsm on November 26, 2023, 06:03:54 AM

Quote from: bastian466 on November 24, 2023, 03:17:43 PM

Maybe hundreds of altcoins in your wallet change because market prices fall so their value decreases, just wait until market growth occurs which is called a bull market. because there is a saying that a bull market can encourage overall growth. Therefore, we must know the factors that influence market conditions if we want to start investing

I think the author had in mind what characteristics a pre-fraudulent token has. Namely, how to understand that a project has no future and why it is better not to buy it so as not to incur losses. A bull market does not guarantee a rise in price even for shitty tokens.

Yes, I understand that sometimes there are tokens or coins that don't move at all, even though the market is in a period of growth in value, meaning it's bull season and I can only conclude that it doesn't move at all. then the coin is a genuine shitcoin and there are many other characteristics of a shitcoin

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Quote from: Adreman23 on November 19, 2023, 06:00:00 AM

Not all unsuccessful altcoins result from scams. Various factors, like a waning community interest, contribute to this, as attention shifts to more hyped altcoins. Consequently, holders may sell and move their investments elsewhere. There are multiple potential reasons. Therefore, it's crucial to stay attentive, consistently monitoring our held altcoins, and being prepared to sell if needed, preventing them from losing value in our wallets.

The way people are investing in altcoins are random that is why we keep seeing people selling there tokens holdings and using the money to buy next available and trending or new projects with the aim of making profits from the projects. We don't leave money we use to invest in a project for too long. We need to be taking our profits and investing in the next promising projects so we don't fall to prey of leaving the fund for when the project price will appreciate. It might not even appreciate and funds might be lost along.
.

nimogsm

hero member

Activity: 2632

Merit: 649

DGbet.fun - Crypto Sportsbook

Quote from: bastian466 on November 24, 2023, 03:17:43 PM

Maybe hundreds of altcoins in your wallet change because market prices fall so their value decreases, just wait until market growth occurs which is called a bull market. because there is a saying that a bull market can encourage overall growth. Therefore, we must know the factors that influence market conditions if we want to start investing

I think the author had in mind what characteristics a pre-fraudulent token has. Namely, how to understand that a project has no future and why it is better not to buy it so as not to incur losses. A bull market does not guarantee a rise in price even for shitty tokens.

Obim34

sr. member

Activity: 224

Merit: 195

Knowing shitcoins is pretty easy for those who have experience on loosing there money from this Altcoins. This shitcoins are mostly over hyped, their white paper lacks contents and texture, looks like it was drafted by a child with so much unfulfilled promises, they always force you into keep buying more during their dump, maybe after during there presale they find it difficult to list, they keep postponing the date for the listing and even when they list usually on a smaller Cex that is not reputable to the hype the Devs made from the beginning.
This Shitcoins do not even last a period of 6 months before the group chat becomes inactive and Devs account banned certain things are to be looked into before investing in them by using little or spare money and taken profit immediately after there first pump, because if they should experience a dump they are never recovering from that

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

Maybe hundreds of altcoins in your wallet change because market prices fall so their value decreases, just wait until market growth occurs which is called a bull market. because there is a saying that a bull market can encourage overall growth. Therefore, we must know the factors that influence market conditions if we want to start investing

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Usually the roadmap and development is not clear, it is done quickly and there is no preparation, usually there is an extraordinary increase within 1 day and then a deep decline too.usually described as a token that has a very large supply.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: Mate2237 on November 21, 2023, 10:54:37 AM

Most of the altcoins failed because of improper planning of the founders. I don't normally like altcoins but planning to invest on two which I know that is good to invest.

The failure is not because of improper planning but it's because they can't follow up with the plans and roadmaps that they publish on their websites and whitepaper. The lack of funds or lack of proper management causes even genuine projects to crumble before even gaining any momentum and gaining enough trust from their communities and investors. Early investors start becoming worried as the project progresses, they start questioning the management and when they see nothing, they leave.

Whatever I've said is what I've experienced myself and it's not just made-up words. I've been a part of such a project, it has good products, a good vision, but they couldn't follow up with the roadmap and the project fell apart in the middle after launching a few products and couldn't continue for very long.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: Mate2237 on November 21, 2023, 10:54:37 AM

Most of the altcoins failed because of improper planning of the founders. I don't normally like altcoins but planning to invest on two which I know that is good to invest.

I hope you will be careful with this altcoin investment and choose the right coins because most will not rise to a profitable level. They are just moving slowly unlike bitcoin whose price change is obvious. However, while investing you need more of top altcoins like Ethereum or BnB. Then if you want cheaper altcoins you can pick altcoins listed in binance because of volume.

Mate2237

hero member

Activity: 700

Merit: 577

Hire Bitcointalk Camp. Manager @ r7promotions.com

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.

To identify an altcoins is not too hard because they moving to one direction. Their growth is very slow and the effort of the developers is to advertise them instead of working on them (the projects) more so that people will use them (the projects) and advert the projects and not the founders advertising them. I have not even seen an altcoins forum where they can market their projects but instead.

Most of the altcoins failed because of improper planning of the founders. I don't normally like altcoins but planning to invest on two which I know that is good to invest.

Bureau

sr. member

Activity: 490

Merit: 279

Quote from: inthelongrun on November 21, 2023, 06:35:00 AM

The easiest and most efficient way is to consider all coins as shitcoins unless proven legit. So people need to research every coin and project they are interested in. Bitcoin since 2009 has been the most proven among all decentralized cryptocurrencies. In terms of partnerships, Ethereum is the biggest platform pioneering smart contracts.

To start first, stick to the top 20 coins. People interested in crypto won't stop learning so the rest of the coins outside the top 20 will be explored and learned soon.

Bitcoin is a different league and there cannot be any comparison of any other projects with it. That is why Bitcoin is Bitcoin and all other coins are known as Altcoin. Agreed with your presepective but apart from Ethereum there are other projects that have gain trust in time. I won't get into the names but the best way to find them is to check the the top 10 coins according to market cap on Coingecko.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

The easiest and most efficient way is to consider all coins as shitcoins unless proven legit. So people need to research every coin and project they are interested in. Bitcoin since 2009 has been the most proven among all decentralized cryptocurrencies. In terms of partnerships, Ethereum is the biggest platform pioneering smart contracts.

To start first, stick to the top 20 coins. People interested in crypto won't stop learning so the rest of the coins outside the top 20 will be explored and learned soon.

Nalain420

sr. member

Activity: 280

Merit: 367

AOBT ~ English >>> Arabic

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.

Identifying the shitcoin in crypto world is little bit difficult but other hand it also is so easy if you focus on some main factors which are important to know about any coin or shitcoin. First you can check out their projects Whitepaper, Roadmap and other activities they fulfill their promises or not what is written on them. You can also do your own investigation in every project you choose for investment just keeping some main factors in mind. I also recommend you for investment in coins (not personal advice just suggestion) only choose top altcoins like Bitcoin, XRP, Eth and much more you find out these altcoins on Coinmarketcap and other site provided visual details about altcoins. Just wait for right time to invest then your investment will not be waste.

Ben Barubal

member

Activity: 560

Merit: 17

Eloncoin.org - Mars, here we come!

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 cannot be denied that most altcoins are actually used to scam investors who lack knowledge in this industry. Because legit crypto are different from crypto used for illegal things.

This is because sometimes the problem with others who deliver words here on the forum platform is that the other terms that are being delivered are wrong, as if the former is the bad thing about cryptocurrencies. But it is not defined how it became shitcoins compared to legitimate crypto. That's why if you're a newbie here on the forum platform and don't know anything, you'll think that crypto is ugly because of the terminology that some say here.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

Quote from: ichsan ardi on November 19, 2023, 11:15:25 AM

In my opinion, it is very important to identify coins before buying, at least we have to look at the market cap so that we don't lose in investing unless our goal is just to speculate on meme coins, but it's important to remember, don't invest in crypto without knowing what we are buying, don't be fomo with the news. All you have to do is do your own research. There is no guarantee of making a profit in investing. There are still risks

Of course, never buy any coin before you take a research on them. It will be very risky for you if you buy coins with a random way. I think it is not only about the market cap, we also need to analyze the fundamental factors for the coin. Don't buy coin because they are hype only, the hype may end in a short time. It is better to buy coins because they have strong fundamentals and look to have bright future because they have many top partnerships and support by big community.

ichsan ardi

full member

Activity: 672

Merit: 100

Tontogether | Save Smart & Win Big

Quote from: _act_ on August 25, 2023, 05:12:56 PM

Bitcoin is not a shit coin which is the only coin that I can say it is not a shit coin. But as you want altcoins that are not shit coin, I will suggest you to look for coin lists on Coinmarketcap or Coingecko. The top listed coins are not shit coins. The more you go down checking the coin, the higher a coin can be a shit coin. Marketcap is important to know how valuable a coin is.

In my opinion, it is very important to identify coins before buying, at least we have to look at the market cap so that we don't lose in investing unless our goal is just to speculate on meme coins, but it's important to remember, don't invest in crypto without knowing what we are buying, don't be fomo with the news. All you have to do is do your own research. There is no guarantee of making a profit in investing. There are still risks

deepblue01

full member

Activity: 840

Merit: 117

Quote from: AnonBitCoiner on November 18, 2023, 03:56:18 AM

I know that all alt coins are not scam because the creator have already creates lots of coins which gives highest profit to its costumers but altcoins are larger in number so every coin is not able to give us profit.

I disagree if you said all altcoin, many of them are scams. highest profit mean highest loss for other people if their crypto will die soon.

Quote from: AnonBitCoiner on November 18, 2023, 03:56:18 AM

If you get experience for the first time after it get the Value of zero then you should have to stop investment with altcoins. If you continuously repeat same thing always then this is your fault. Simple is that by wasting huge money in different altcoins you should invest in bitcoin so you will not be worried that your coins will attain zero value.

Even they loss a lot of money but it's still better than slot machine because they urge developers to create more interesting things in crypto in order for some crypto will be successful later.

Quote from: Adreman23 on November 19, 2023, 06:00:00 AM

Not all unsuccessful altcoins result from scams. Various factors, like a waning community interest, contribute to this, as attention shifts to more hyped altcoins. Consequently, holders may sell and move their investments elsewhere. There are multiple potential reasons. Therefore, it's crucial to stay attentive, consistently monitoring our held altcoins, and being prepared to sell if needed, preventing them from losing value in our wallets.

agree, many of them try but it just doesn't work. i have seen many simple crypto like memecoin, they get a lot of attention the price rise higher and higher then just die

Topic: How to identify shitcoins? - page 4. (Read 1905 times)