Topic: How To Spot a Shitcoin? (Read 773 times)
The most fearfull thing with any shit coin or established coin is trouble with SEC or Other financial regulator . It is happened with some of my holdings that are Centra , Dropil once SEC filed case complete value of the coin gone . Dropil looks like promising platform with lots of functionality and active team but finally end up as scam . Now i lost my complete money another one is Centra huge loss cant tell in words . TH emost scariest thing if we holding any coin is SEC based on my experience .
There is no shortage of coins and tokens in the crypto-industry. How many of them are any good is the question.
Evaluating the economics, technology, and marketing of just one project is hard. There are thousands of projects out there. It’s impossible to come up with a universally applicable method to tell good projects from bad ones.
Yet, somehow people get by and manage to navigate among all the options in the cryptocurrency market. How?
When there are too many things to choose from and the time is limited, people, animals, and computers sometimes use heuristics—problem-solving approaches that aren’t necessarily optimal or rational, but they work well enough in most cases and save some time if you’re lucky.
https://forklog.media/how-to-spot-a-shitcoin/
Good share but if you really want to be against shitcoins?then don't ever invest in those newly coming currencies because majority are shits and scams.Evaluating the economics, technology, and marketing of just one project is hard. There are thousands of projects out there. It’s impossible to come up with a universally applicable method to tell good projects from bad ones.
Yet, somehow people get by and manage to navigate among all the options in the cryptocurrency market. How?
When there are too many things to choose from and the time is limited, people, animals, and computers sometimes use heuristics—problem-solving approaches that aren’t necessarily optimal or rational, but they work well enough in most cases and save some time if you’re lucky.
https://forklog.media/how-to-spot-a-shitcoin/
If we are in this market for years we can easily identify them and will prevent ourselves connected in these shits.
SOme of my friends formerly victim but now they are much smarter and only using Currency that in the to 40-60 nothing more even in Trading or much better for Holding.
If you are not good in finding a scam or shitcoin, the scam section is the best place to check if the coin that you want to support and invest are reported or you can go to the altcoin discussion and ask members what they think about a certain project that you want to invest or promote diligent research is always the key.
Right! If you don't know how to do research than you can temporarily use the scam section to get scam alerts. However, in the long run, you have to learn how to do research. My key when doing research is that I'll take out any project that leaves me with doubts after reading the information as well as the plan! 
If you are not good in finding a scam or shitcoin, the scam section is the best place to check if the coin that you want to support and invest are reported or you can go to the altcoin discussion and ask members what they think about a certain project that you want to invest or promote diligent research is always the key.
Article for finding about shit coin huh..Ok whats a shitcoin? I think is any coin that lost it value to zero and developer have nothing to say and no roadmap So you can have a coin that tick all the good spot and then crash Best way stay away from project that is repeating whats already in the market. When trading stick with top fundamental coin with good trading volume
The current situation all are concentrate the Bitcoin and top altcoins. But I always said we must hold some stable coins also because volatile coins make good profit and loss so traders are join frequently. In reality all the traders are hold some USDT coin. In this subject find the shitcoins so I always said analyse our own method because self analysing always satisfy the crypto investment.
Stable coins are of course owned by traders. but shitcoin sometimes deceives us with bad markets and very low demand. Certainly, investors are currently more focused on upper market assets with lower risk levels.Shitcoin is hard to spot in this market, they have many ways to hide the truth. You need to reseach very carefully and have a lot of experience to distinguish it, and in addition, never invest in non-liquidity altcoins, certainly they aregenuine shitcoin in this market.
That was the hardest to hit you when you have coins that you cannot liquidate or will have to wait some times to liquidate, investors are slow to invest because the liquidity is such a big issue that have so many shitcoins in their wallet, which they cannot sell because of lack of liquidity, this is the scorned of a new coin.
Honestly just act in reverse of justice department and you will be fine. Instead of "innocent until proven guilty" you should instead focus on "scam until proven legit" and you will be fine. I do not have any trouble spotting a shitcoin because I simply believe every single coin is a shitcoin until I decide to like it, that way I do not have to see if it is a shitcoin or not, because I already think it is a shitcoin to begin with.
There are like maybe 15 coins I think is not a shitcoin, just 15 and all other coins in existence is a shitcoin in my mind. Some of them could have a decent followers and decent prices and all of that but that doesn't mean that I have to like them, it is a personal thing and you can call even bitcoin a shitcoin if you want to, since it is personal nobody could tell you otherwise.
There are like maybe 15 coins I think is not a shitcoin, just 15 and all other coins in existence is a shitcoin in my mind. Some of them could have a decent followers and decent prices and all of that but that doesn't mean that I have to like them, it is a personal thing and you can call even bitcoin a shitcoin if you want to, since it is personal nobody could tell you otherwise.
Research is not something that you do just for the market, you do not look at the technical analysis, the volume, the liquidity and so forth to understand if a coin is a shit coin or not. You have to realize that the best thing you could do with research is actually withing the community and online places and search the name of the coin and see if there is anything bad coming up and more importantly if they try to silence the people who try to complain about the coin.
"When you tear out a man's tongue, you are not proving him a liar, you're only telling the world that you fear what he might say" George R.R. Martin.
So if you see any complaints and any supression take those into account, see who says what about it and if you are convinced that they are actually legit just keep watching them for a while and see if anything changes, if not you can invest, however if you are convinced they are scam just run away.
Sporting a shitcoin is not as easy as we think. Some projects actually do have some product but their marketing strategy doesn't fit the project thereby making the price dump heavily. (...)
That's why I started to ignore such altcoins nowadays, even how promising their project is, still shitcoin is shitcoin.Even they got a huge market cap, it's doesn't mean they are not shitcoins, a lot of altcoins nowadays that are in the top 100 highest market cap but you can see they are shitcoins.
Many experts express their opinion that most altcoins in the cryptocurrency market generally do not have the right to be even in the top ten of the cryptocurrency market top ratings. Especially interesting is the statement of Blockfyre co-founder Simon Dedik, who negatively comments about Litecoin, EOS, Bitcoin Cash, XRP and Bitcoin SV and would like to see other coins in their place that have recently shown many times better performance, such as LINK, VET and ATOM.
Actually, in a sense, I understand his indignation, because EOS really tries unsuccessfully to copy ethereum, and the Bitcoin cash and Bitcoin SV want to defeat bitcoin, but as a result they do not succeed. And if you take Ripples as an example, then with the help of this coin manipulations are always performed so that developers can get another income.
The only tool available to detect some shitcoins is doing research but this won't make you evade all bad projects every time, some project teams will be so careful amd erase any early detection, this is why its better to invest the little amount you can sacrifice
its very difficult to identify a shitcoin.. they are hiding 
even after so many research you do on that coin still you are not convince that is a shit coin..the moment you realize its a shit coin is when you bought some and afterwards its has no more value
Agree, most altcoins in this market are shitcoin. They can become scams at any time, so be careful when choosing to invest in altcoin. And best of all, invest only in bitcoin and the top altcoins in the market to reduce risk even after so many research you do on that coin still you are not convince that is a shit coin..the moment you realize its a shit coin is when you bought some and afterwards its has no more value 
Sporting a shitcoin is not as easy as we think. Some projects actually do have some product but their marketing strategy doesn't fit the project thereby making the price dump heavily. (...)
That's why I started to ignore such altcoins nowadays, even how promising their project is, still shitcoin is shitcoin.Even they got a huge market cap, it's doesn't mean they are not shitcoins, a lot of altcoins nowadays that are in the top 100 highest market cap but you can see they are shitcoins.
It is hard to determine even though the coin sale reaches its hardcap. I want to partly blame investors on the coins being dump since some of them are really taking advantage of bonus tokens and sold it immediately. From there, they already made profit and they don't care anymore when the coins are getting dumped because of what I've said earlier, profit. Another part is the team's advancement towards the project. There will be no reason for dumping if the project is progressing well. It was like, they already have the money and they don't know what to do now. And that's bullshit after the whitepaper, roadmap, implementation, etc.(kind of bullshits they've prepared). Why it is hard in my opinion? Because you need a capital to make trials of determining a shitcoin which nobody would do. Instead, find a better coin and do what kind of research you need to do and judge it on your quantitative analysis or what.
its very difficult to identify a shitcoin.. they are hiding even after so many research you do on that coin still you are not convince that is a shit coin..the moment you realize its a shit coin is when you bought some and afterwards its has no more value
Agree, most altcoins in this market are shitcoin. They can become scams at any time, so be careful when choosing to invest in altcoin. And best of all, invest only in bitcoin and the top altcoins in the market to reduce risk even after so many research you do on that coin still you are not convince that is a shit coin..the moment you realize its a shit coin is when you bought some and afterwards its has no more value 
I believe that only 50% percent of shitcoins are detectable nowadays, some projects will pretend to be ready for great future, they will satisfy investors but after few years they will exit scam, it was all planned by the team from the start
It seems like you know more about the plans of any project team, you are very extraordinary, because in general it is very difficult to detect shitcoin that was born by new projects at this time, because the average person says shitcoin to a token only depends on the price cheap, even though it's not enough to prove that the token is shitcoin. 
I believe that only 50% percent of shitcoins are detectable nowadays, some projects will pretend to be ready for great future, they will satisfy investors but after few years they will exit scam, it was all planned by the team from the start
It's not and it must be more than it. AFAIK if people can aware about the non sense idea to be implemented in the blockchain and it can be spotted easily. What matters a lot should be the personality and how experienced to identify the scam coins. 
There are many factors that you have to check:
1. Does the team have any experience?
2. Who is the competitor and how they plan to overtake the market?
3. What is the real use case?
4. Is the token also useful?
5. Look at partners and advisors.
That should be enough to find out if the project is legitimate and promising or not.
1. Does the team have any experience?
2. Who is the competitor and how they plan to overtake the market?
3. What is the real use case?
4. Is the token also useful?
5. Look at partners and advisors.
That should be enough to find out if the project is legitimate and promising or not.
This is a very tricky question, do you know how many coins that were once called shitcoin but on the long run they perform better than many altcoins? For example dogecoin or hex, the truth is we can't know how determined the team for a these projects are, not until they do something different and good
The coins will be a shitcoin if the project is already neglected. There are many cases that the project will succeed in the first launch but year had past and now they because shitcoin already.
This is a very tricky question, do you know how many coins that were once called shitcoin but on the long run they perform better than many altcoins? For example dogecoin or hex, the truth is we can't know how determined the team for a these projects are, not until they do something different and good
The coins will be a shitcoin if the project is already neglected. There are many cases that the project will succeed in the first launch but year had past and now they because shitcoin already. Jump to: