shitcoin and what truly has potential?

Igorgnome

member

Activity: 252

Merit: 10

Power to gnomes!

Quote from: cryptotaste on February 22, 2018, 02:15:23 AM

do you have any strategies for identifying what's a shitcoin and what truly has potential? What's worked for you? Can you smell shit a mile away or do you have to get into it before you figure out what you're involved in?

When I see "trolen" coin, like "Jesus Coin", I have no doubt that this shitcoin Grin

. Only Dogicon turned out to be. When the coin came out, check it very simple. If the coin is well traded on different exchanges and there are good trading sizes - this is a good sign. If nobody needs a coin, it's a shit coin.

makerst

sr. member

Activity: 728

Merit: 252

Potentials are not tokens, the potential is the project itself, and tokens are a form of commitment and form of your investments, so if the project itself has a very good idea then the prospects will be good

btcprospecter

sr. member

Activity: 504

Merit: 251

★777Coin.com★ Fun BTC Casino!

There is no true way to know if a coin is a shitcoin people will still trade it and if someone is in early at a good price they can still make considerable gains from a shitcoin.

IrenaN

newbie

Activity: 42

Merit: 0

Quote from: DziugasB on February 22, 2018, 05:28:15 AM

I am trying to be very strict when choosing a coin.

For me to invest project must have:

A working product that I can test
Active github repository
All star team (2-3 team memebers with experience in major companies)
All star advisors (2-3 advisors that have experience with major projects)

And only if the project passes all these 4 points, I start digging into the idea, whitepaper, competition and roadmap.

I totally agree with open source code and active dev support.
But why exactly do you need star team?

As for me, if the code is sound and the project has worthy idea - i will look into it

Lerikaweb

member

Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

There is no single model to figure out such things. Every project has its buts, pros and cons. You must do specific research every other time. But even if you think the project is gonna 100% rock, it may crash and vice versa.

virtualhero

member

Activity: 161

Merit: 10

Quote from: cryptotaste on February 22, 2018, 02:15:23 AM

do you have any strategies for identifying what's a shitcoin and what truly has potential? What's worked for you? Can you smell shit a mile away or do you have to get into it before you figure out what you're involved in?

Usually you check the team behind the project if they are trustful and you also need to know what is the problem they are trying to solve and does is it widely use by many? Github is also important to know whether there is a development going on in the project.

DziugasB

newbie

Activity: 85

Merit: 0

I am trying to be very strict when choosing a coin.

For me to invest project must have:

A working product that I can test
Active github repository
All star team (2-3 team memebers with experience in major companies)
All star advisors (2-3 advisors that have experience with major projects)

And only if the project passes all these 4 points, I start digging into the idea, whitepaper, competition and roadmap.

Akiko

full member

Activity: 896

Merit: 198

Quote from: cryptotaste on February 22, 2018, 02:15:23 AM

do you have any strategies for identifying what's a shitcoin and what truly has potential? What's worked for you? Can you smell shit a mile away or do you have to get into it before you figure out what you're involved in?

It depends on the people what strategy they use to know what is the shit coin, but i think we dont know what is the shitcoin if you dont inter or make research from the project were you are interested to join.

charlie137

full member

Activity: 1204

Merit: 220

(ノಠ益ಠ)ノ

i keep seeing how good, potential projects fading out and going wrong way. it doesn't matter if its shitcoin or gold, tomorrow its the opposite)

limmousine

sr. member

Activity: 546

Merit: 251

Shitcoin is any cryptocurrency that is disliked by the person talking about it or pejorative term used to describe an altcoin that lacks any new or advanced technology, or a coin that has become worthless after launch.

Everyone has different perceptions about shitcoin, so not all the shitcoins that others say are true and not all the shitcoins we say are true.

meldrio1

full member

Activity: 1358

Merit: 100

Well many shitcoins out there without project but it's difficult to identify if that shitcoin has potential, it depends to the whales if they are going to pump up that shitcoin or the people who want to support that shitcoin, like dogecoin.

LazyBitInvestor

full member

Activity: 350

Merit: 101

Your professional profile on the blockchain

Such coin usually has anonymous or weak team with unskilled members, it doesn't have normal WhitePaper.
I'm not even talking about the alpha version or any Escrow...

thepo1m

hero member

Activity: 658

Merit: 500

Any coin I feel it is just a duplicate of exisitng project or lack a solid team to develop the platform. The team is very important because if you looked at Dadi ICO recentlt, the idea was just a copy of SONM idea but people trusted the team behind the project and were able to raise the needed amount

bitor

member

Activity: 210

Merit: 10

In cryptoworld every coin can smell like shit, but every of it can raise in 1000%, I only read about company and it strategy and after that decide what of them better to buy

Ausgewielt

full member

Activity: 453

Merit: 104

Quote from: cryptotaste on February 22, 2018, 02:15:23 AM

do you have any strategies for identifying what's a shitcoin and what truly has potential? What's worked for you? Can you smell shit a mile away or do you have to get into it before you figure out what you're involved in?

You have to look at the business model. If it is good then that is good project. If the business model is useless then the coin is only shitcoin. Actually there are many more indicators but for this time I only now this one.

Kallipso

full member

Activity: 406

Merit: 101

Quote from: cryptotaste on February 22, 2018, 02:15:23 AM

do you have any strategies for identifying what's a shitcoin and what truly has potential? What's worked for you? Can you smell shit a mile away or do you have to get into it before you figure out what you're involved in?

Sometimes I had to come in to understand, but in principle bitter experience taught me to recognize small problems in new projects, which simply destroy them in time. If there is neither support nor development, let alone a coin is not liquid at all, then why waste time and money.

Angelia46

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

Generally speaking, it is easy to judge whether a token is shit coin.
You just need to focus on gtihub, because a good project will always update the code, but shit coin may not be open source at all.

cryptotaste

newbie

Activity: 84

Merit: 0

do you have any strategies for identifying what's a shitcoin and what truly has potential? What's worked for you? Can you smell shit a mile away or do you have to get into it before you figure out what you're involved in?

Topic: shitcoin and what truly has potential? (Read 158 times)