You are right that 90 percent of all cryptocurrencies are scammers or unsuccessful projects. But in 2011 there wasn’t as much crap and scam as it is now.
totally agree , there are too many scam and shit token created day by day unlike before that there are many people dont have idea how blockchain works . 
Topic: Shitcoins have been around from the start (Read 475 times)
I agree with your point! Now, shitcoin is everywhere, we cannot control it, the number of shitcoin generated every day, the scam is always near us. Now I cannot find potential coins in thousands of shitcoin.
Shitcoins will continue to come out as long as more developers will not pay attention to these coins because they become zero value after long time holding. And with this very volatile market we are facing, it's not new to everyone that most of the shitcoins today seems like very potential coins especially if you are still newbie in this market and you don't have good techniques how to identify them.
yeah we can't ignore that one, there is always shit one on the best one. all we can do just need to ignore and let the coin die by them self. But the ammount of shit coin increase year by year. that what we need to learn and choose wisely which coin / token that worth to invest or not
For sure, but I tend to believe that the shitcoins of 2012 or 2013 have been created on the basis of curiosity and innovation, while the contemporary shitcoins are more or less just plain money grabs and schemes of getting rich quickly. But yes, they have been around since the inception of crypto.
You are right that 90 percent of all cryptocurrencies are scammers or unsuccessful projects. But in 2011 there wasn’t as much crap and scam as it is now.
indeed at the moment it is very hard to distinguish a best and good coin to a shitcoin because at first it seems good to be true but on the end of the day developers tend to not develop the coin anymore and that is the time that the coin will become shit and it sad to say but it is true
Amost all project that are seems good to be true weren't really good at the end. They will just conduct ICO and when successful and upon listing in exchanges they tend to lose their value. Now I focus more on projects that already built their product or prototype or merely some do only ICO or IEO for more exposure or support. Since there are already shitcoins that are present even many exchanges removed them now some new project tend to go in that way too if they will not plan to put updates in their road maps. 
If I were you, do some trading. Even shitcoin can give you profit if you can ride some fundamental news that can affect its pump and dump. I know its sound risky but I earned from it and I can tell you, huge profit is coming. Dont be an investor cause you surely will lose youre money with shitcoins but id you trade them and ride on some market movement you can take advantage of it.
Shitcoins might have always been around in our market sphere, but they are majorly an issue now because they have predominantly taken over the market, and quite a number of investors have fallen prey for their traps. Some of them just gets recycled, and redistributed to the sphere, and sadly more people fall victims. It's not exactly new to the market.
Shitcoin will always be there as long as this cryptocurrency is still valuable, I'm sure of it. The error lies with the team, because they failed to control the project and fell down.Shitcoin is also produced by fraudulent projects under the guise of ICO, IEO and others. Be careful if one day there is a shitcoin pumped with prices, don't rush to trade. Maybe there is a game in it.
I agree with your point! Now, shitcoin is everywhere, we cannot control it, the number of shitcoin generated every day, the scam is always near us. Now I cannot find potential coins in thousands of shitcoin.
Shitcoins might have always been around in our market sphere, but they are majorly an issue now because they have predominantly taken over the market, and quite a number of investors have fallen prey for their traps. Some of them just gets recycled, and redistributed to the sphere, and sadly more people fall victims. It's not exactly new to the market.
I ran into Shitcoin when I first took part in a bounty campaign. It was my first signature campaign - and immediately failure. I was given a token, but it was not for sale or bought, and soon it completely disappeared from the only exchange on which it was listed. It was my bitter but valuable experience. Now I try to carefully check the projects so that the Shitcoin doesn't get into my wallet again.
It seems that everyone has encountered a situation like you in this market and if you only participate in the bonus, it will take a lot of time. I have also met a lot of projects in the past and that made me feel very depressed during that time but now things are different and I only joined when the project was listed at big exchange. Now all altcoins can become shitcoins, but if you have an effective strategy, you will always be the winner. 
I ran into Shitcoin when I first took part in a bounty campaign. It was my first signature campaign - and immediately failure. I was given a token, but it was not for sale or bought, and soon it completely disappeared from the only exchange on which it was listed. It was my bitter but valuable experience. Now I try to carefully check the projects so that the Shitcoin doesn't get into my wallet again.
We don`t have another choice but to move on. Many of us who are here for some time participated in some signature that turned out to be a scam. I carefully choose the projects to participate, but I was tricked, everything was alright, the team was looking good, they seemed so organized and they covered everything, but after a while, they just disappeared.
I didn`t get upset, I knew the risks, I still do. I hope I will not make another similar mistake, I will try to do my best when I`m researching projects, but if it happens again I will move on again. Warn people about them and move on.
Commercial power of users or completely occupied this forum and capture the market value putting it to down. Next to that if you check the amount is for you can find many shit coins and scamming many newbie forum uses by adding them inside the campaign.
Not only this forum everywhere in this world can find scammers and you need to stay from them keep your funds safe.
Not only this forum everywhere in this world can find scammers and you need to stay from them keep your funds safe.
I ran into Shitcoin when I first took part in a bounty campaign. It was my first signature campaign - and immediately failure. I was given a token, but it was not for sale or bought, and soon it completely disappeared from the only exchange on which it was listed. It was my bitter but valuable experience. Now I try to carefully check the projects so that the Shitcoin doesn't get into my wallet again.
so the point of all of this is just to keep trusting the old projects or coins for your investment, then that way you don't have a big risk if you continue to look for new projects, basically most of them are scam projects, because it will be useless when you keep complaining in the end, so playing it safe in an old project will be a good choice for you
Yes shit coins have been existed from the start
And it only revolves round and round through different names; protocols and with the aim to be shit
So doing your own research to keep your funds safe is the key
And it only revolves round and round through different names; protocols and with the aim to be shit
So doing your own research to keep your funds safe is the key
There were and there will be a plenty of scam projects, the only difference is that it is getting harder and harder to detect scammers. Nowadays, they may even create an MVP of a product, write a solid whitepaper, hire good advisors to collect funds and scam investors.
If you do the necessary investigations, you can detect shit coins more easily. It doesn't make sense to have MVPs because the team is always important. By looking at the project team's previous experience on linkedin pages, you can reach a much clearer idea about the project. This method usually works and you can test it yourself.
Well some projects are very good in convincing the community that they are "the real deal" until they will show signs that they are not! As such, I often prefer to assess the project's worth based on the capacity of its developers/core team, the rate of its development or progress of the project, the level of transparency it shows to its community, etc.
I also don't think that we can better qualify a project based on the team's linkedin profiles rather, I would prefer to see the projects Github activity especially on future experiences of its developers.
There were and there will be a plenty of scam projects, the only difference is that it is getting harder and harder to detect scammers. Nowadays, they may even create an MVP of a product, write a solid whitepaper, hire good advisors to collect funds and scam investors.
If you do the necessary investigations, you can detect shit coins more easily. It doesn't make sense to have MVPs because the team is always important. By looking at the project team's previous experience on linkedin pages, you can reach a much clearer idea about the project. This method usually works and you can test it yourself.
S*coins problem really did not start recently. They probably weren't seen as big problems before the coming of ICO. ICO was invented and many substandard projects saw the opportunities to abuse it unfortunately. I think getting funding via ICO should not be easy. Lots of strict rules have to be passed before a project qualifies for funding. This should help filter out projects that are below average
There were and there will be a plenty of scam projects, the only difference is that it is getting harder and harder to detect scammers. Nowadays, they may even create an MVP of a product, write a solid whitepaper, hire good advisors to collect funds and scam investors.
Jump to: