Bitcoin Forum

I think most coins today, obviously besides BTC and ETH are going to be shitcoins. They're not used for anything besides trading and even though they have certain features which would make them useful if someone was to use them, they're not used so these features are kinda useless.

Most coins are useless, could people explain  why they aren't and why we really need tons of shitcoins with tons of money 'invested' in them?

Are you asking re day trading or long term holding? 

For long term some Alts like CRAVE have really good passive income potential.  I think differences like this separate it from more static assets like litecoin (not saying it's a shitcoin, but unless you're mining it you can't make more of it). 

For short term, you'd look for high volatility and a low entry point, and then sell it quickly on the next pump.

The desired outcome is "MOAR BITCOIN" right?  So even a shitcoin can deliver if you use it to your advantage.

There's no black and white.  You have to eval each coin on it's points of difference and judge for yourself if you think it has profit potential. 

What's the difference between a shitcoin and the rest of the coins today?

Human nature - shitcoins are the ones we chose not to get.

 A roadmap, a plan, a team, working wallet and good communication with the community are things that matter to me the most. Where there's continuous development, there's money.

Shitcoins are in fact scam. People create such coins to make money by selling these shit coins to other people. Other ones are real businesses, I think the best one is bitcoin, it is entirely not about profit or business.

Basically people see shitcoins as  scam, but it could be an opportunity yo make good cash if you know how to exploit it well. I believe I investing in ICO and some shitcoins they bring good profit for me, in short term, but you have to be careful not to get burnt.
Nevertheless, ethereum and btc are the boss, it safer to invest there. If you want to be a good trader you have yo learn to take good logical risk sometimes.

of course there are so many different definitions of the term "shitcoin" and everyone sees them differently but mostly people call useless coins, scam coins, those copycats which just copy paste the code from another project, those coins which not only solve nothing but also create a lot of issues,... these are the main characteristics of these coins.

the issue is that shitcoins are usually the most profitable and even big with the largest market caps. which is why they remain alive like this.

As some of you already mentioned, name doesn't matter, what stands behind of each coin is what it does matter.

Roadmap, sticking to follow it, the community and long term incentives they get from a coin. It's quite simple and don't get emotional on the way.

Shitcoins are in fact scam. People create such coins to make money by selling these shit coins to other people. Other ones are real businesses, I think the best one is bitcoin, it is entirely not about profit or business.