There is an abbreviation of DYOR (do your own research). In altcoins world, many are seem to be perfect from the start but you'll never know the true potential of that coin in the beginning.
And if time flies and you see that the coin you have invested starts to drop, abandon the boat and start looking for a better coin to invest. Bitcoin is the most preferable crypto to invest, no headaches at all, buy and hold it.
Topic: Shitcoins have been around from the start - page 3. (Read 475 times)
we can't expect the place to be sterile. scams will be lurking around as long as people are giving away their money without thinking twice.
Even if we wait, it will not be as sterile as we wish. Fraud exists not only in crypto, but everywhere where humanity are.Mostly those who lose money are newbies, which makes them think twice in the future. But sometimes there are projects that are so good that we can not believe it is scam and whoever you are, you can not comprehend that it is scam.
we can't expect the place to be sterile. scams will be lurking around as long as people are giving away their money without thinking twice.
On the other hand, for regular people. Shitcoin is a coin that had been abandoned by the team and the community. And for me, Shitcoin is something that is created solely just to make quick money not to be used as form of tool or payment.
I would not call an abandoned coin shitcoin, in those cases I would use terms like dead coin, failed project or, if that were the case, scam. I agree that a shitcoin is a coin that is a clear joke since the very beginning, even if that shitcoin pumps at any moment.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
Coins become shitcoins, because the developers stopped developing the platform, investors dumping the coin because they are not getting the profit that they expect to receive, and we have so many coins like that since the beginning of Cryptocurrency.
People have a different set of view regarding shitcoin, for example, Bitcoin maximalist. No matter what it is and as long as it is not Bitcoin, they would say that is shitcoin. On the other hand, for regular people. Shitcoin is a coin that had been abandoned by the team and the community. And for me, Shitcoin is something that is created solely just to make quick money not to be used as form of tool or payment.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
Coins become shitcoins, because the developers stopped developing the platform, investors dumping the coin because they are not getting the profit that they expect to receive, and we have so many coins like that since the beginning of Cryptocurrency.
yes, maybe you are right,,,
but sometimes shitcoins coming from the beginning before the project tradeable on exchange my friend
wich mean the dev is scammers and they just want to get money from ICO stage
Many of the ancient coins were simply surpassed by better technologies and better planning.
Take a look back at these top coins back in 2013. You can't even see them now
Take a look back at these top coins back in 2013. You can't even see them now
Shitcoins come in all sizes and shapes. But in some rare cases, shitcoins can give good returns for the investors. A perfect example is that of Dogecoin. It was created by Billy Markus and Jackson Palmer just for time pass, but the popularity of the coin exceeded their expectation and currently it is having a market cap of $337 million. It made a lot many users filthy rich.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
If you are advising us about investment, I think you should emphasize on the thorough research of the project we want to invest. As long as the project is not rolling out and delivered their promised products, we are not sure about certain things. I agree it is risky but then that is what investment is, all we can do is to minimize those risk by educating ourselves through research and investigation regarding that project.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
You're right, and now it is difficult for us to identify the best and trusted one. People especially newbies must know how to be careful nowadays because scammers will do anything just to get the benefits they wanted. We need to be careful like whenever we are making decisions on investing because we can't predict the possible things that might happen and we need to think in precisely way so we will not regret it. 
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
Imitation will get you nowhere, and original will always stand the test of time, and it's very true here in Cryptocurrency, since the inception of Bitcoin and it's being open-sourced many clone coins are now dead coins with the exception of Dogecoin and litecoin.
If you are just imitating a well-established coin and you don't have a platform and a unique concept, you cannot create a community that will support your coin, but unfortunately, developers are not giving up in creating new clone coins, because they thought new people will believe them, that they are the next big thing.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
I think the beginning of coins is shitcoin because coins have no demand and are valuable, like Bitcoin at the beginning of its birth. Shitcoin is also created because of the existence of a person who creates a project with a lure that does not make sense to attract investors, but in the end the project fails at the end of the goal, it usually happens to a new project. 
Yes they've been around since time. Back when there was no ETH yet, all are just giving away shitcoins all the rest are just creating pools and sending mineable coins which these coins has no purpose but store of value. I don't even understand why some are accusing them being a scammer when they are just giving coins away but it all came to me when coins were listed in the exchange. All the premined were dumped by the developer and kill the coin. This is how they scam back in those days.
Scammers will look for new way to make money so when crypto is decentralized then its chance for the scammers to steal money anonymously.
Like OP said shit coins will vanish after months or years so its not big deal to find the shit and potential projects after they entered into the trading space.
Like OP said shit coins will vanish after months or years so its not big deal to find the shit and potential projects after they entered into the trading space.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
You're right, and now it is difficult for us to identify the best and trusted one. People especially newbies must know how to be careful nowadays because scammers will do anything just to get the benefits they wanted. We need to be careful like whenever we are making decisions on investing because we can't predict the possible things that might happen and we need to think in precisely way so we will not regret it. 
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
Coins become shitcoins, because the developers stopped developing the platform, investors dumping the coin because they are not getting the profit that they expect to receive, and we have so many coins like that since the beginning of Cryptocurrency.
If i am right shitcoins have been in existence since the earlier days of coins like bitcoin and litecoin, some coins came into crypto space as early as 2011 and they vanished into thing air, failed project or scam maybe, but now that crypto is been heard of all around the globe so what do you expect? scammers will invade of cos but these won't stop good projects from been born even when 90percent of projects are failing, my advice is just be sure of what you are investing on, make sure they have what it takes and have it at the back of your mind that its still a risk you've taken, anything can happen
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