Topic: How to identify shitcoins? - page 7. (Read 1905 times)
To identify shitcoins it’s not too difficult things, just you can follow a few steps to identify shit projects. First of all, shitcoins always created with big supply, they would like to hide their identities, looking poor development, teams will never list their tokens in any major exchanges, but they advertising by rewarding their tokens which is worthless, shitcoins can survive a few days or month.
We usually use Coinmarketcap or Coingecko to find out about a coin, so when we need to check about a coin, we can copy the contact address of that coin and search on Coinmarketcap or Coingecko to get detailed information about that coin. Through these two sites you can know about a particular coin but whenever you need more details you have to visit the project website. A project's website usually provides detailed information, such as what are their plans for the project, how they can take the project in the future or who is working behind the project. If you think the project is real, then you should invest in this project. .
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Even shitcoins perform so well during bull markets. You need to analyze many parameters like token distribution, project deliverables, developer team, etc. in addition to the parameters mentioned above. The process is fairly difficult, yet worth it. Else, it's best to exit while you have some profits.
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.
This will happened to every altcoins. If you are investing on long time, it is better to invest in bitcoins. If you are short time investor, you can invest altcoins, but you have to take profits end of the market cycle. Otherwise it will be huge loss. How to identify the shitcoins?
1. Unlimited supply
2. no usecase
3. No major development from the project side
Even shitcoins perform so well during bull markets. You need to analyze many parameters like token distribution, project deliverables, developer team, etc. in addition to the parameters mentioned above. The process is fairly difficult, yet worth it. Else, it's best to exit while you have some profits.
most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.
not all new coin shitcoins though, there are many good coins, if every new coins judged as shitcoin then there will be no innovation at all.after all the new coin also need support so that they can grow, most of the shitcoins are just those deployed without any product backing it up, quite different with good coins.
when we find an altcoin that works based on utility, it will be difficult to identify it to be a shitcoin. We need time to see it coming. However, for other shit coins, we can see from the lack of clarity that the coin was created, incomplete data, anonymous team, very low coin price, coin listing on an exchange that is not well known, or maybe only DEX, small volume, and still much more. You can find these things when you do in-depth research.
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.
This will happened to every altcoins. If you are investing on long time, it is better to invest in bitcoins. If you are short time investor, you can invest altcoins, but you have to take profits end of the market cycle. Otherwise it will be huge loss. How to identify the shitcoins?
1. Unlimited supply
2. no usecase
3. No major development from the project side
Shitcoins are those that has no significant value or use in the crypto industry. They were just the result of the teams greedy minds to make bunch of money through launching a nonsense project. Be smart on choosing alternative cryptocurrency investments because it could drive you crazy when it become a shitcoin. I highly recommend you choose the top 20 on coinmarketcap.
most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.
not all new coin shitcoins though, there are many good coins, if every new coins judged as shitcoin then there will be no innovation at all.after all the new coin also need support so that they can grow, most of the shitcoins are just those deployed without any product backing it up, quite different with good coins.
I see any coins that require crowdfunding a shitcoins. The main reason is that they don't have funds to start the project, they can't convince any private investors to fund their project so they resort to crowdfunding that usually got carried away by hype and empty promises.
To identify a shitcoin, check the whitepaper, roadmap, the team (and its transparency and their previous works), the community and if there's a use case that can solve real problem for it to function with purpose and not just relying on hype. It's not going to be easy but if you're careful not to fall on good promises, then you'll spot a coin that is good to invest in.
most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.
not all new coin shitcoins though, there are many good coins, if every new coins judged as shitcoin then there will be no innovation at all.after all the new coin also need support so that they can grow, most of the shitcoins are just those deployed without any product backing it up, quite different with good coins.
I see any coins that require crowdfunding a shitcoins. The main reason is that they don't have funds to start the project, they can't convince any private investors to fund their project so they resort to crowdfunding that usually got carried away by hype and empty promises.
most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.
not all new coin shitcoins though, there are many good coins, if every new coins judged as shitcoin then there will be no innovation at all.after all the new coin also need support so that they can grow, most of the shitcoins are just those deployed without any product backing it up, quite different with good coins.
most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.
Well, some maxis would say that Bitcoin is the only coin, all others are shitcoins. I am not so strict, I think there are good projects around, with great potential. I would never say that Litecoin and BNB are shitcoins (and some others), they are here to stay, simply many people are using them, and I believe they will be even more popular in the future. So I guess we can say that shitcoins are coins that nobody uses, except scammers who manipulate their prices and lure other people with big promises about fast & huge profit.
We have been observing similar trends in so many things namely altcoins, hype projects, memecoins, field farming and so on with more innovative names to up in the near future. The investors need to identify them early to avoid investment or if they do invest, get out early to minimise losses. Without that insight they are losing and will continue to lose coins from borderline scams like these.
I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.
I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.
Sometimes even if you already know the team behind it and they are transparent and also always have AMA with their investors, when their plan fails and they don't get enough funds to develop the project which were stated in their roadmaps, you end up wasting your money because after that all you will get is false promises from those bastards. They are not fair enough to return the money of their investors but instead, they are planning to make it seem they are cooking something that will make their project successful which is not really true at all.
I can assume that those who collect $0.000xx worth of shitcoins and then hope to get $1 are greedy people and don't want the process of collecting money. They don't know that it is a delusion that will never come true. I mean what causes the coin to rise 100x but they have a huge total supply?
Yes I agree with you. If you want to buy shitcoins, it's better to buy and sell directly when you get a little profit. In terms of investment, I prefer BTC. Without doubt.
It’s possible on less liquidity shitcoin whic a few purchase can give a huge price impact to the token price. It's not greed hoping for a shitcoin turns to a dollar as long as this holder doesn't invest what he can afford to loss. I manage to purchase some of this kind of shitcoin that print more than x100 of my investment but I only put small percentage of money since the price is extreme volatile.
In general, investing in shitcoins is not being greedy but only high risk high reward so it's important to don't over invest so that you can still cope once your investment loss.
One of the biggest mistakes that a lot of investors make is holding on to their shitcoin stacks, buying billions of tokens worth nothing, and then hoping that they will eventually earn a fortune out of those tokens because they are a lot. These are the people who don't understand how things work and how a token with an unlimited supply cannot gain much value no matter what happens, so they just stay optimistic and hopeful that the token they are holding will magically go to $1.
Most of the shitcoins that we see in the market and those that are released every now and then are basically pump-and-dump tokens and they won't have any value in the future, so the best practice if you have bought them is to sell them as soon as you get the opportunity and exit the market.
I can assume that those who collect $0.000xx worth of shitcoins and then hope to get $1 are greedy people and don't want the process of collecting money. They don't know that it is a delusion that will never come true. I mean what causes the coin to rise 100x but they have a huge total supply?
Yes I agree with you. If you want to buy shitcoins, it's better to buy and sell directly when you get a little profit. In terms of investment, I prefer BTC. Without doubt.
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.
Shit coins are crypto currencies that have no value for any purpose. How do we spot one?Developers are mysterious; the white papers have huge promises but no fixed road maps; projects seem to be copied or too generic; there are fewer holders; and there is very little liquidity. Shit coins are considered bad investments, especially for the long term. Mainly, there are several meme coins people keep pumping; these are shit coins. There is money to be made in the short term, but in the long term, they will get burned. Still, there are people who invest in shitcoins, knowingly or unknowingly. And many websites and videos, like how to find good shitcoins early that will pump 100x, crazy gains, huge profits, etc. So make sure you know what you're buying.
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.
Shit coins are crypto currencies that have no value for any purpose. How do we spot one?Developers are mysterious; the white papers have huge promises but no fixed road maps; projects seem to be copied or too generic; there are fewer holders; and there is very little liquidity. Shit coins are considered bad investments, especially for the long term. Mainly, there are several meme coins people keep pumping; these are shit coins. There is money to be made in the short term, but in the long term, they will get burned. Still, there are people who invest in shitcoins, knowingly or unknowingly. And many websites and videos, like how to find good shitcoins early that will pump 100x, crazy gains, huge profits, etc. So make sure you know what you're buying.
We have been observing similar trends in so many things namely altcoins, hype projects, memecoins, field farming and so on with more innovative names to up in the near future. The investors need to identify them early to avoid investment or if they do invest, get out early to minimise losses. Without that insight they are losing and will continue to lose coins from borderline scams like these.
I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.
I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.
Sometimes even if you already know the team behind it and they are transparent and also always have AMA with their investors, when their plan fails and they don't get enough funds to develop the project which were stated in their roadmaps, you end up wasting your money because after that all you will get is false promises from those bastards. They are not fair enough to return the money of their investors but instead, they are planning to make it seem they are cooking something that will make their project successful which is not really true at all.
We have been observing similar trends in so many things namely altcoins, hype projects, memecoins, field farming and so on with more innovative names to up in the near future. The investors need to identify them early to avoid investment or if they do invest, get out early to minimise losses. Without that insight they are losing and will continue to lose coins from borderline scams like these.
I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.
I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.
Sometimes even if you already know the team behind it and they are transparent and also always have AMA with their investors, when their plan fails and they don't get enough funds to develop the project which were stated in their roadmaps, you end up wasting your money because after that all you will get is false promises from those bastards. They are not fair enough to return the money of their investors but instead, they are planning to make it seem they are cooking something that will make their project successful which is not really true at all.
most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.
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