Topic: How To Spot a Shitcoin? - page 3. (Read 802 times)
At this stage we are only hoping for Mass adoption and for the whole world to be involved. Untill this is achieved, everything else is simply empty.. considering this term, majority of coins will be under one another. Shit coins are usually dead and not active at all as a result of abandonmet and irresponsibility of the teams . From a perspective, when a project begin to say what they can do, I like them to shit coin because they will later be tired if it .
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/
You can't finish all problem to spot shit coin. Shitcoin always show up with new plan to scam people. Team members profile is a good point, project promise history should check. Partnership and project ideas is also spot a shitcoin. Binance exchange is popular still some wants to know main location of this exchange. 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/
It is really hard to spot a shit coin among those numerous projects that are existing int the market by seeing it in just one glance. It can be possible to seek out a shit coin once you do a thorough and deep research about is background and soon you will discover such thing if a project is creating a shit coin or a goo coin. It will be efficient to do your own research about a project you wish to get engage with because no one will do the search but you only. Determining a shit coin is really hard to do because they seems to act like those legible ones so the only way to discover it is to do research about it and deep down break down such needed information to see it that project creates a shit coin or not. Although it needs to exert much effort, it is the only way I can see to spot a shit coin out of the good ones.
I personally check the new project with the following parameters.
1- Team members(social network and their previous work)
2- Which projects are a partner of the project.
3- What is the project, It exists physically.
4- The project is located in(the physical address)
5- Is the project is according to roadmap and whitepaper.
1- Team members(social network and their previous work)
2- Which projects are a partner of the project.
3- What is the project, It exists physically.
4- The project is located in(the physical address)
5- Is the project is according to roadmap and whitepaper.
You can easily spot a shitcoin or any project like that with get reading regular updates about crypto and crypto market because it can gives enough knowledge about to understand how we can identify those shitcoins and do some research about it before going to take any decision about it.
Yes, the point is by doing some research on something we can get important information on anything, whether it's on a project or on a coin, and one of them is to find out the legality of a project and shitcoin.
You can easily spot a shitcoin or any project like that with get reading regular updates about crypto and crypto market because it can gives enough knowledge about to understand how we can identify those shitcoins and do some research about it before going to take any decision about it.
When it comes to spotting a shit coin it is quite complicated.
Some investors like to invest on shit coin, they get in soon at very cheap rate, wait for full launch n small hype, then boom they dump and walk away before it crashes.
It takes great courage, good research skills to maintain that stance
Some investors like to invest on shit coin, they get in soon at very cheap rate, wait for full launch n small hype, then boom they dump and walk away before it crashes.
It takes great courage, good research skills to maintain that stance
Still, that's a ridiculous risk when you consider that you could definitely lose it all someday. It's better to hold Bitcoin and be at the mercy of its extreme volatility, than play games with shitcoins.
The more Bitcoin you have, the more secure your investments are, I completely agree with you on this. New coins now are powder kegs that can explode at any time without bringing anything but losses and disappointments. There is not a single coin that with 100 percent certainty could enter the market and show crazy growth. All coins are subject to huge risks, therefore it is better to invest in what is already on the market, in what we can trust.
I think no need to check out many things to spot a shit projects. If which one is listed project than firstly trading volume,exchanges,price,team's activity is enough those can help you to trace shitcoin. A new projects are different likes here you should necessarily to analyze strongly because new coins is risky. Whitepaper,Team member,Roadmap specially team's have to be hard worker.
Plenty of cryptocurrencies haven't yet been listed on the likes of Coinmarketcap and Coingecko, but might not actually be shitcoins.
I think in order to truly determine whether a project is likely to turn out to be a failure, you need to perform an in-depth analysis on it, and few people have the time for that.
The most important things to distinguish a project as being either something solid, or a shitcoin, is to look at the past accolades of the leadership team.
Have they created anything of substance in the blockchain space? No? Probably a shitcoin.
I think no need to check out many things to spot a shit projects. If which one is listed project than firstly trading volume,exchanges,price,team's activity is enough those can help you to trace shitcoin. A new projects are different likes here you should necessarily to analyze strongly because new coins is risky. Whitepaper,Team member,Roadmap specially team's have to be hard worker.
To spot a shit-coin needs a complex analysis/research. The first one is to learn deeply about the information related to team members. Check their identities from various sources. If you find out something strange like a fake photo or identity. Then it is better to stay away from the project. The other things to analyze are about the project quality, MVP, WP, Roadmap, and social media channels. Make sure that everything okay and no fake data.
The Whiteppaper test is a good way to distinguish a shitcoin, if it has a lot of spelling and grammatical errors, skip it. The vague promises made in the whitepaper such as "the next global payment system" or "we are the first ..." are a sign of shitcoin.
When it comes to spotting a shit coin it is quite complicated.
Some investors like to invest on shit coin, they get in soon at very cheap rate, wait for full launch n small hype, then boom they dump and walk away before it crashes.
It takes great courage, good research skills to maintain that stance
Some investors like to invest on shit coin, they get in soon at very cheap rate, wait for full launch n small hype, then boom they dump and walk away before it crashes.
It takes great courage, good research skills to maintain that stance
Still, that's a ridiculous risk when you consider that you could definitely lose it all someday. It's better to hold Bitcoin and be at the mercy of its extreme volatility, than play games with shitcoins.
What else are investors doing than taking risks? Its only a good risk taker that thrives in any business. Yes, some risk are dangerous ones but no matter what we keep taking them. I know of a friend that only invest in shit projects per say. For him it's quick profit. Invest, cash out and move to another.
Spotting a shit coin by the way is something I personally find it hard to do. Still reading through and learning.
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/
Scam project always has something to hide from investor. Never invest in any coin until got desirable answers about project. My first choice is partnership with popular something, scam project can't manage any partnership. CEO always wants to depends and hiding himself. Trusted bounty manager can help you to select good one.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/
You are absolutely right! It is not easy to manage a good partnership! So, a scam project can't manage it surly! That's why I also prefer good partnership first whenever I go to researching a crypto project! Then I prefer a well-written whitepaper, media coverage like Forbes, Nasdaq, Coindesk and so on!
that is why there are tokens that die, some survive, it is not possible for all of them to be implemented if a project comes with technology A, then other projects might come with technology A better.
and the previous project will be replaced that's why some of the coins that are ranked in the top 100 cmc from 2017 are different now, most of them are no longer in demand, or any other reason whatever it is.
and the previous project will be replaced that's why some of the coins that are ranked in the top 100 cmc from 2017 are different now, most of them are no longer in demand, or any other reason whatever it is.
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/
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/
To see whether an altcoin is a good investment or not is to look at how actively traded on the exchangers. A good Altcoin certainly has a large transaction volume so that investors actively trade it and this is a sign that the liquidity of the altcoin is large
When it comes to spotting a shitcoin, one of the simplest criteria to use when a coin is listed a number of exchanges with low volume. For a long while now, I have realised that most coins that turns up to shit or almost useless gets listed on a number of exchanges and end up with no or very low trading volume irrespective of the price of each token.
This is one to consider a coin that has low volume and to add up no update from the team. Even a coin is listed in the exchange we can sense a not valuable anymore because of no development. Some crypto users experience of not earning in their coins because of not following it's update about the project. It becomes shit coins so it is very important to check the project before investing. Just go to their website, if their website is too simple, do not display information about teams, investors .. then most likely those are fake projects. In addition, if you have experience in this market, you can check their whitepaper, 90% of scam projects were discovered after people read the white paper.
As most of the time the whitepaper are just a copy from existing project, shit developers just copy this information as they don't have real offers to provide, from the team behind to the usable offering you'll noticed and you will be able to assess which is the good one that have the potential to grow and succeed from shit coins that only intended to earned from investors who don't make deeper research.
When it comes to spotting a shitcoin, one of the simplest criteria to use when a coin is listed a number of exchanges with low volume. For a long while now, I have realised that most coins that turns up to shit or almost useless gets listed on a number of exchanges and end up with no or very low trading volume irrespective of the price of each token.
I have different opinion here, people who want to risk with new coins should NOT be advised to stay away from them. It is personal preference and it is up to individuals' risk assessment levels. I mean to say we cannot have a common guidelines for all level of investors even you will be targeting only small investors. Leaving it up to individuals preference would be the right guideline in my opinion.
This way, it will be individuals responsibility to spotting out a shitcoin/rightcoin so that they can multiply their capital or lose their capital. It is a decentralized world and everyone need to take care of themselves and having any common guidelines will lead to unexpected consequences like a good new project may not be getting enough support which will be a loss for the entire crypto space.
That must be a very good point. When we start ignoring all the new projects and their coins/tokens then it will be leading to be ignoring a highly potential coin somehow. I believe this is the reason this forum is not focusing on moderating on scams and scam attempt. Only we are having community protection against scammers and not by the forum rules.This way, it will be individuals responsibility to spotting out a shitcoin/rightcoin so that they can multiply their capital or lose their capital. It is a decentralized world and everyone need to take care of themselves and having any common guidelines will lead to unexpected consequences like a good new project may not be getting enough support which will be a loss for the entire crypto space.
I believe we are already doing perfect because it is a decentralized world and everyone must care themselves and we cannot simply ignore newcomers. This is the reason people are always suggesting about risking only at affordable limit. It is like you can invest into bit coin with 90% of the capital and only with 10% capital you may risk with other coins which will be including new tokens and coins. This way we are supporting any new good coin too. At the same time this does not mean we do need to blindly invest into any new coin. Still a high level of due diligence is recommended as usual.
Well, this is one thing I really find difficult to know,and as such,instead of me risking my fund in a project I really don't understand, I rather put it in bitcoin,no matter how dip it goes,no matter the timing ,it will definitely rise up one day. I think that is a better and safer investment.
Jump to: