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As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.

Bitcoin is not a shit coin which is the only coin that I can say it is not a shit coin. But as you want altcoins that are not shit coin, I will suggest you to look for coin lists on Coinmarketcap or Coingecko. The top listed coins are not shit coins. The more you go down checking the coin, the higher a coin can be a shit coin. Marketcap is important to know how valuable a coin is.

First of all, the word scam is thrown a lot by newbies, and usually it's because the price is dropping, even though that has nothing to do with the fact if the project is scam or not, not unless devs dump their tokens and remove all liquidity.

Also can you do TA or do you understand how valuation works? Because while it's simple when you know enough, there also are several things worth looking for and enough to write a book about different kind of scams and examples how projects can fail. Basics are pretty easy for someone who has seen a lot of scams, but there are just too many red flags worth looking into to list. it always depends on the project and different tokens have different red flags. And red flags on some projects can be even green flags with other projects. It all depends what your tactics are and what are you looking for.

There's no such thing as a guarantee that legit projects would make money. In fact i've made more with pure scams by getting out fast enough.

I wonder what your thought process was that you thought they were supposed to be good that time. What qualifies as a good team, or community?

Shitcoins are generally regarded any token created without a long term roadmap to scale the project. Nearly all of the newer tokens in dexs like Dex screener and others should be regarded as shitcoins which they rightly are. I would also suggest that you avoid any altcoin calls by influencers on CT. A solid project don't need to be shoved down the throat of users like these influencers do because they'd get a share of the supply.

Stick to projects with proven track records and you'd be fine.

Most shitcoins have:

Gazillion of token supply.
They tax 5% to 10% of the transaction amount claiming for burning and project funding.
Project developers present themselves in informal ways and overexaggerating their achievements.
Subject to pump and dump
Implement burning because the project owner and developer do not have the ability to create real-life use cases for their token/coins.
Have plagiarized whitepaper
Often hype investors that they will earn big if they invest on the project.

and many more...

identifying one is actually quite easy if you're already get used to high quality altcoins that have obvious fundamental.
one of the way to identify shitcoin is through their over promising returns or anything like that, you see one that doesn't make sense you could already have a red flag towards the project.
moreover the fact that sometimes shitcoin didn't bother to build community base through maybe discord just simply means that they are not really committed with their own project and
even if they did, most of the time they just let the discord or their community member gets abandoned, rarely appearing and elaborate things, you just know their characteristic at first glance if you're used
to investing in good altcoins in general.

I think you can just assume most coins that are starting out are shitcoins so that you're on the safe side. Don't trust their promises, "to be done" projects and ideas and stuff like that. Look for results, and only then should you start investing. Yes, theoretically speaking investing before a project has grown could produce more profits, but how many new projects are actually able to "grow"? You'd probably lose more trying than earning. Might as well just play it safe and invest on projects that have a well built reputation already yet relatively small. Takes time but much more effective imo.

Ofc, this is projects that aren't say, plagiarized, scams or what not though. Filter out projects that aims to only scam the money out of its investors, then filter those again to determine actually good projects.

As an already experienced investor, you should know the risks.

Maybe some of your hold altcoins performed well during their hype or actively developed during that time. But as time progressed, and we know that the crypto-market experienced several hits, most projects were unable to keep up and decided to stop the development and ended up abandoning the project.

We can't really determine if these projects will continue and keep up with their development once they are announced to the community. Rather than risk your money in these new projects, as it turned out it didn't go well, maybe try to focus on investing in coins that have been in the market for a long and already established a good community.

Not saying you should stop investing at new projects but at least, you will minimize being scammed if you test the waters at already established coins.

Shitcoin isn't only limited to a coin than turn to be scam and the price went to $0, there are so many shitcoins in top 10 coins since they're centralized and will turn to be scam when the time comes.

To make sure a coin isn't shitcoin, you must make the coin is decentralized, has a real use case, high security, verifiable, and open source. Avoid a new project that mention cheap fee, fast transaction etc as the use case, it's just because they're either centralized or has no volume.

Also, a coin will become "shitcoin" for some people who just don't like the coin, we don't have any official basis of how a coin is considered shitcoin.
I agree with you that even on top coins by market cap these days are still shitcoins. Especially altcoins that are new and no real world use case.

As a cryptocurrency investors has experience pump and dump Coin, while holding, which was my bad experience after make a lot of research on a new coin's, and after listen in exchange still become shitcoin, base on my experience to invest upcoming project, not to put all mind on it for huge return profits and set a target while collect initial capital of investment is very important, in other words, I prefer investing alt-coins that already established in difference top cryptocurrency exchange and give rest of mind, while holding for long time investment.

When there's no utility and it's just a created token or coin just to be traded made by the developers.

And many of the tokens are like this upon creation, the reason why many don't like the new projects is that the devs are only ones who are about to make money.

A typical pump and dump altcoin, it is.

You should not be tempted by profits in altcoins 10x or 100x it will turn into a scam, new projects are now difficult to identify sometimes even from a good background they are only looking for momentary profits and do not think about others, if you are an investor why not choose a coin that already has a large capitalist or the top order? Why not include bitcoin in your portfolio as a major investment? Are you ignoring it?
Now choose bitcoin instead of shitcoin which is useless, if you often experience losses avoid it and be wise in choosing coins especially new projects are not recommended.

Most of the things you mentioned here are what I also noticed in the shit coins that I have also invested on. They have something in common which is their billion number, that is supply and some don't have maximum supply limit. So if you see a coin like that, be sure it will soon dump on your laps if you don't dump first. They also have the promise of burning some quantity as they give time for that, usually a long time of which they would have taken out investors money and exit. They also show you how much you are going to profit in a short time with so much hype on their telegram.

I will skip all the project that carries these things;
 -  it has no use case
 - offered sweet promises
 - huge rewards

Why? Because scammer usually uses attractive words and promises and creates a project without a core market value and purposes. It is too hard to identify when you are a newbie and even if you did research sometimes you fail to recognize them which is why we should be more cautious. But the best thing we have to do is to focus on old projects, not new and hyped ones.

I mean if it's not bitcoin then boom there you go you just identify it lol.  No seriously I think the easiest coins to stay away from is anything using a other coins name in theor name.  Like bitcoingold, or babydoge, etc.  They are just leveraging a name and are not serious projects to consider.  That's one way

You can easily spot a shitcoin project if it just added because of the trend or hype especially for memecoins. If team is hidden amd of course the value and significance of the project in the first place. If all these are present, then it will be dead project  for sure

On my end  I refer to it as a coin which appeared in a sudden without hearing anything about it. Also with a "bootleg" of something popular, indeed. However there are coins being introduced as a project and turning out to be one of the mentioned category so I do consider referring to it as failed tokens which had a price dump upon its listing to exchanges, and tokens with low market volume. But there's really no absolute definition of the mentioned term.  It won't be listed without any value in the first place. Well  for swing trades, these coins are still profitable but expect extreme price volatility especially if whales would choose to manipulate its demand and market value.

I think they can get away with the hidden team, they can simply an excuse of anonymity in crypto. However, if the project has no used case, no whitepaper or if they have whitepaper but it's obvious that they just copied it.

And then the website are poorly written, I mean the design is so cheap that even a 10 year old can do and put up that website in a matter of minutes. And if by chance they have released the proper, then what follows is just pump and dump and the hyping on it whichever way they can.

Current standings placed position in CMC could be indicate some coins category as shit coins, beside with how many top exchange are listing with that coins possibility are including with shit coin or not. I don't think difficult to know with shit coin actually when first time launching to the public, current price and how much supply make us easily to include some coins in shit coin categories. Shit coins usually have bigger fees for swapping if listed on dapp exchange, need to pay fees from 5% until 10% when selling shit coin in dapp exchange and they don't have many option for listing coins in CEX exchange market.

Shit coins is not recommended coins for investing right now after many cases of shit coins get scam with removing liquidity on dapp exchange until developer sell all their assets having and price suddenly drop.

New projects are more prone to this, and if you want to earn more then invest on a good altcoins that is already listed in the market.
Though if you really want to become an early investor then do your extensive research about the project and analyze it very well.
Remember that a new project can fake their details just to attract investors, then you must be careful and better to have more resources when doing your own analysis about the project.

also need to know though that some altcoins are just went downhill after listing, which means buying up after listing might be really bad strategy, if its altcoins like ethereum or anything thats top 10 then I guess its gonna be fine but aside from that most of the altcoins are having hard time in retaining their value after they got listed.
the momentum is gone, the hype is also gone, thats why most of them are just waiting for their demise.
if its investing after listing for the sake of safety of the investment then its always these top coins that should be your choice, even if its not top coin that you chosen, be sure to know that they still have many potential left.

Identify shitcoins by conducting thorough research on the project's fundamentals, team, technology, community engagement, and use case. Be cautious of projects with limited information, unrealistic promises, lack of transparency, and high volatility.

I believe that you have just bought some altcoins that you don't have any idea about and you managed to buy lots of them and then it happened to be worthless. A lot of things are like that but you have to make sure that you are buying the right things.

Identifying it could turn out to be in a couple of ways like

• Checking the website for minor detail issues
• Check the holders of the coin
• Discussion here on Bitcointalk (if there's any already)

The list could go on but you can make sure that you are buying the right stuff if you have managed to do a background check on it. It's going to be better and the CMC stats are a good measure as well.

Research really matters when it comes to investing in altcoins. But should we say that we are totally safe from doing this? Not at all because these scammers and shitcoin's developers are too clever not to be easily detected, as they only turn into scams later when you already have given trust to them. Somewhat disappointing but it really happens in real life especially if we are investing in new projects.

Too hard to identify them but we can avoid them by just investing in old projects that already possess good reputations and market demand.

For me, all are shitcoins, only bitcoin is different.

But from your standing point, you are asking how to recognize scam or shitty projects.
Well, here's what I can share from my experience:
1. If website has golden logo/is golden color in 99% is a scam because it's old trick (i can remember xaurum)
2. If project has too big supply (usually over 1 billion is too much) it's a shitcoin
3. You can check team members on linkedin, if they are not there or anonymous - it's a shitcoin
4. If they have thousands of followers on social media and less than 2000 hodlers - usually a shitcoin
5. If they over promise and cannot deliver - a shitcoin

I can type many more reasons, this is straight from my head, cheers!

Launch is one of the important aspects I look at. Most shitcoins show a substantial premine (e.g. for an ICO/IEO), but that's true for a lot of altcoins. So how to determine if a launch looks "shitcoin-ey" or not?

For me, a premine, to be justified, should serve a clear purpose. Ideally the coins premined for the "team" should be locked for some time (with a feature similar to CLTV) to avoid exit scams. Or the coins should be exchangeable for services of the "team" (in the vein of utility tokens).

In all other cases I would oppose premines. Of course such coins can get hyped and yield a reward to investors, but usually only in the short term. Do not invest late in a non-established, premined coin.

Non-premined coins are not safe though: they can be instamined and then they're almost as bad as premined coins. That can however usually detected fastly in the first posts of the ANN threads as miners will normally be quite vocal about instamines.

This can be a red flag but is not necessarily one. I would change that in the following way: If the supply combining the coins sold in an ICO/IEO and held by the developers without any lock is too large (larger than Bitcoin's current supply of 20 million, for example), then it can be a red flag. The reason is that ICO/IEOs have a limited public and thus it's likely that if the coin doesn't reach the value buyers intend fast, then it's likely many of them sell together. Instead, if there's a large or not limited maximum supply like it occurs with Dogecoin for example, then the coins will reach the market gradually, a "big bust" is less likely.

That should be the case for clearly centralized coins with ICO launches. But not for decentralized coins. Satoshi was also anonymous and his coin is doing very well (despite the recent slightly bearish phase ;) ).

Probably all altcoins are shitcoins. No matter if it is an old project or a new one, the price usually drops. If it happens after listing, it means the coin is a real shitcoin. Or any other old project like xlm, xrp or ada. There is always a drop after pumping, sometimes for a very long time. More often when investing in altcoins people lose money, that's why altcoins are called shitcoins.

Investing randomly without time to research and gather information made you invest and lose much of your investment capital in shitcoins. It would have been better if you mentioned the names of some of these altcoins that are in your wallet, but I guess most of these altcoins are meme coins; the meme coins already have massive communities and gain hype quickly from investors who are looking to double their capitals, but these meme coins soon turn into scam tokens. Their teams escape with the investors’ funds. Also, the new currencies that do not have a team, developers, and goals will eventually fail and be delisted from the exchange platforms. If you want to know whether the altcoin you invested in is shitcoin or not, take a look at its team, its communities, its whitepaper, its contract address, liquidity, number of holders, etc., on the exchange platforms in which it was listed, and on the goals that its team implemented over the time frame, and most importantly, recommendations and the opinions of influencers and experts in the field of crypto.

I highly discourage anything investment in shitcoin after my ugly experiences with them, However from my experiences dealing with some projects that turn out to be a scam, these are the things you check out for,

If the dev's wallet holds a higher percentage of the coin (50%, 70%,80%) in their wallet it is a red flag, They do such so that they can easily dump on incoming investors, Too I check the percentage of the coin that is locked on the contract address, and if non is locked or it a small percentage, red flag. I also check if some percentage of the coin has been burn by visiting the burn address and if not I do stay away from investment.
If all these checkboxes are not ticked and other stuff that I check out for it a big scam (shitcoin).

Actually, if the new altcoins don't have a clear team, messy whitepapers, and bad drafts, this is relatively easy. However, what's more difficult is when they package it really well, even create hype and promote it significantly enough to become a boom and attract a lot of inevstors, and be able to list on a trusted top exchange. This will be more difficult. because usually they will experience a very significant price increase, far above our expectations. But this is the danger, when we are late in carrying out executions for exits and take profits, we can really lose that moment. because usually, hype coins in the form of shit coins will immediately drop very quickly after getting their ATH. So, don't let you get too greedy about new coins, because maybe most of them are real shit coins.

If you call yourself an altcoin investor – then you must know very well how to determine which altcoin have good future potential. Some altcoin are great for long-term investment assets - but not about shitcoin which just might burn your budget.

The reason developers deceive investors is because they need easy money - while some investors who are less able to do a thorough analysis get swayed by the potential being talked about and put their money in the pot. This is sad of course - but you deserve enough to learn a valuable lesson from your investment policy.

There are plentt of developers trying to do a lot of tokens expecting some will boom and thats how shitcoin works. You can find some tokens in the market that arent listed on coingecko and coinmarketcap that do a good run but how these improved? Of course when buyers and sellers create some huge volume and liquidity. Youll notice if they are gonna scam the projects from the codes and dont lock their liquidity thats a clear sign of potential rug or scam soon.

Needle in a haystack situation indeed. But you can prevent this from happening if you keep yourself limited to bitcoin only. Because the last charts of Bitcoin have always been well performing as compared to altcoins. In the long run it is the only safe and profitable investment if bought at low prices. These things I have been observing for years now and hence I never pay any heed to any altcoins that come in the market beyond the top five altcoins.

Over time you learn this from experience, try being loyal to bitcoin as see how it turns out.

alts are quite profitable but much more risky in terms of investment, you need to do careful research, in my experience I can say that I invested in LUNA and lost money, but in ADA and TFS still earn money. So luck is also important here, as you never know what will happen in the crypto market

You are taking the wrong lesson out of your experiences, according to your own post you have hundreds of shitcoins in your wallets which have died already, with this in mind I ask this question to you, why do you insist on throwing your money away?

The evidence is staring you right in the face, you have lost money, time, the opportunity to invest in other coins and yet your efforts have been in vain, so the solution to your problem is quite simple, stop investing in shitcoins, once you do then you will stop losing money to them.

Probably he is trying to win on the lottery of shitcoins.  Like a one-time big-time thing.  Shitcoins have their pump days, so when the investor is not late, they can enjoy the pumping event before the token become worthless.


We never know he is just telling us the numerous numbers of shitcoins in his wallet, but he did not tell us his success story.  I also have lots of worthless tokens in my wallet but I can say, I earn more from shitcoins than from Bitcoin trades.  But I will never encourage anyone to gamble their investment in shitcoins.  It is better to invest in a high-liquidity coin like Bitcoin.

I believe you didn't do proper research because a shitcoin would never have a good team and a good community, and even if a token has a large community, it doesn't make it a legit project, even meme coins have large communities but they aren't proper cryptocurrencies and can always take a U-turn even if they are heavily hyped. The team behind a project plays a great role in the sustainability of the project because they are the drivers of the development processes.

A project just having a team isn't enough, even I can create a project, and put up some pictures and names on the website about the team behind the project, but what's important is the experience they have. An inexperienced team can barely make a successful project, especially if they have never been a part of a cryptocurrency project before.

The method of promotion. Whenever  someone is trying to invest in new project, it is better to stay calm and organised.
You also have have to check out in the team beside it. Project that promises something too sweet to be available it is a scam or a scam attention. For some, since it is not bitcoin, it is  a shit coin while some differentiates.

Name is kind of connected to the ones that are counted as a scam project in the past.
Total supply of coins is around Billions
The pictures of developers in their official website is an AI-generated logo of whatever it is for ex. dogs, or animated picture of a person etc.
Some uses the word "guarantee" or any word that attracts investors. Some are giving high APY when you stake their coin.
Some also uses the word "in every transaction, some of the coins will be burned to decrease it's supply. This is mostly being used in meme coins.

I believe that there are some more, but these are the ones that I know. TBH, it's very easy to distinguish already which are shitcoins, and which are not. Just focus on Bitcoin, and Ethereum. They aren't shitcoins at all. :D

Shitcoins are making crypto market dumped and uninspiring investors for investment. Identifying shitcoins don't have pure ways. Cause there are many example of a project scamed, even after they raised million during token sale. But some ways should be noted. Like keep fake promising, plagiarized whitepaper, incomplete roadmap that doesn’t have accurate milestone, or always southing to buy their token foe benefit! Such project should be avoided. Actually It depends on an investor how do he want manage his fund and utilize it. Investor Should always measure risk before taking step forward investment. Better to buy established altcoin than new one

with meme coins in general the premise is that its gonna be the next shiba inu or something like that trying to lure people that have missed the train into joining the new emerging shitcoins meanwhile if you're observant enough you might already realize at first glance that its just some shit tier coins trying to over promise which of course will not be able to make their promises come true instead they will take advantage
of you big time.
eventually the coin will fall in no time and the promise of it becoming the next shiba inu will not getting realised. thats the reason its called shitcoin in the first place.
for the other shitcoin that was project based trying to have some fundamental though rather gimmicky you can simply observe their technical aspects.

Sometimes identification, as you say, is certainly not easy to do because sometimes there is too little information to be able to dig up. It's not even strange anymore that they are able to provide misleading information, and many will not be a little deceived by the intelligence they do.Fraudsters will continue to do everything they can to extract anything from the incoming funds, so I agree with you doing the best research you can get from all the things that might be used as guidelines. Don't hesitate to tell stories or ask questions in forums like this; you can also gain enlightenment.

That should be a learning experience for you. Finding a gem in the big market of cryptocurrency is not easy. Most of them will turn out to be scams and others would be rugpulls. They will show a good project with a legitimate team member but in the end there's really no item to back it up, all are just bubble that will burst when they find themselves in profit from all the invested money they took.
You learned it the hard way unlike others, but this should be the start of where you will change your perspective about altcoins. Don't just buy and hold, try to also pinpoint the selling point. But if you are a long-term investor then stay in this forum and you might see some good ideas on where you should put your money in.
IMO, stick with the top 100, the profits might take long but there's a higher chance you won't go zero.

Identifying "shitcoins" can be challenging due to the vast number of cryptocurrencies and the ever-evolving nature of the market. However, there are several strategies and criteria you can use to help you distinguish between legitimate projects and those that may be considered "shitcoins." Keep in mind that no method is foolproof, and there are always risks associated with investing in cryptocurrencies. maybe Here are some tips to help you to identify shitcoin, first Investigate the project's whitepaper or website to understand its goals and use case. If it lacks a clear purpose or real-world utility, it may be a sign of a shitcoin and last, do Research the project's team members and developers. A reputable project should have a transparent and experienced team. If the team is anonymous or inexperienced, be cautious.

There is a good way not to become a victim of scammers is to choose time-tested projects. Of course, the profit from such investments will be much less than that of the supposed gem, but the risk will not be great either. Now every day hundreds of new altcoins appear on the market and guessing the right one is like winning a jackpot in roulette.

To identify new projects, it's best to do research on who owns the project and who the founders are. And an identifiable owner and an owner that's well-known and has a good track record, that's a sign of a good project, and vice versa and it also depends on your knowledge to know who's involved in it.
And it's also important to know if there are big investors involved, if so, then who is investing in it. If any well-known investor invests in the project, then this is a positive sign.
And also a sign that an Altcoin could be a shitcoin is to look at its market capitalization, and if the capitalization is low and I mean low, less than 100 million, even the altcoin has a low market capitalization. And that's a sign that not much money is invested in it and it shows that it's not a good or questionable investment.

Here's a list of potential shitcoin metrics.

• Listing exclusively on decentralized exchanges such as pancake;
• Selling tokens through the site;
• No funding rounds;
• Lack of foundations as main investors;
• Any memtoken;
• Lack of white paper and documentation;
• Most of the offering centered in the hands of the team and investors;
• Anonymous team.

That's how identify shitcoins. :) This is the most efficient way, but I'm afraid once the identification process is completed, it will be too late. :)

The best solution, for conservative crypto investors avoiding shitcoins, is not to engage with new projects, but only with the old and proven projects. Although among them there are plenty of shitcoins, masquerading as normal coins.


Also, do they have to run bounty campaigns on bitcointalk? :)

White paper and documentation may exist for such projects, but most often either rewrites from other projects, or white paper and other documentation written very superficially and without technical details. For comparison, you can always look at a bitcoin's white paper and a shitcoin's white paper - the difference will be immediately noticeable.

Most shitcoins are just mimicking original roadmaps and whitepapers from other successful projects and in the accusation board, there are lots of them right there. But as we know, only a handful of newbies know that place and they don't seem to understand the first thing to look at when it comes to investing in new coins. They failed to comprehend the important thing which is to do their own research before deciding to invest.

for me, the coins that don't keep up with bitcoin's movement are shitcoins

No its not always like that since there are coin pump when bitcoin goes down and coins dump when bitcoin goes up since it will depends on how the creator of those tokens join the hype. If they are just there created that coin for scamming expect that it will dump no matter what the current movement of bitcoin happen.

Just look at this signs if you want to spot shitcoins.

To good to be true pumps claim
Fake community
No clear roadmap or they don't follow what is actual written on their whitepaper.
Generic names idea or anything just for hype.

This are few indicators you can check.

Very unfortunate because not all have the time to read and remember roadmaps and whitepapers on successful projects. But aside from this, there is still a lot of indication that a particular project is a scam, and that is those fake people behind it. But sadly, only a good researcher could find out that those who easily get fooled by these big/popular names as the members of the project will suffer the consequences.
We use our instincts as well, and it works sometimes but most of all, we do have not to hurry to invest in new projects.

Most shitcoins are incredibly easy to identify to the point a very small research of just a few minutes is enough to determine the developers behind those coins are up to no good, there are only a handful of coins which can pass your tests if you are serious, but even then those altcoins could still be shitcoins that are very well disguised, but at that point you will have no other option but to decide whether you want to take the risk with those coins or not without fully understanding the nature of the coin, and while your investment could go well, it could also go horribly wrong.

If we talk about life in general, luck plays its role in almost everything that you do in your life, so trading or investments are no exception. However, cryptocurrencies or the market is not totally based on your luck because there is a lot of work that you need to do to be able to get profit out of your investments, I know that some of the investments don't work out and you may lose money but that won't happen all the time if you have knowledge and experience.

Research and analysis are important for sure, especially if you are investing in altcoins that are relatively new in the market, but if your luck deceives you and you are destined to lose money, then you will lose money even if you invest in an altcoin that has been around for some time and is already doing good just like LUNA.

I'll give you a clue. One thing is that when you see a lot of people are pushing it hard and shilling it, that's a sign that they're pushing too much about the altcoin that they're supporting. But if you're persistent and you give them the benefit of the doubt, the next thing you'll do is to check the project itself, coming from the website, team, whitepaper, and all of those necessary stuff to know more about the project. Every single detail check them if they are proofed read or they're just like randomly have included it to their website together with the team that are working for it. While for the team, you can conduct your own research about searching their names like in LinkedIn or any website where they can be staying and see if they're for real or just grabbed names and photos.

It is actually a common question that how to recognize shitcoin. It can be different from many people. But I think most sit coins come based on hype especially when the hype goes on, they attract users by showing more profit etc. I say there is no need to invest in all new alternative points if you have less knowledge about it. And if you want to invest, you should initially start with a very small mount so that the loss is less.

If any altcoin is not backed up by popular celebrities or personalities or brand or company, then definitely a time will come when it will become shitcoin. This happens with many alts, and many people face huge loss due to this. If you want to be on the safe side, then it’s better to invest in coins which are there in the market for many years and whose marketcap is high. If you greed for more and try new coins, then definitely the chances of getting shitcoins will increase, and you will eventually face loss.

I think it's quite obvious that not many people do the research they suppose to do for an investment like this and that does end up being a little bit of a trouble for them. I know that it is not that easy but we need to be careful with it without a doubt.

I think it is quite tough to make it work that way, so we should be doing something that would be a bit of a trouble for them on the long run. It is not that tough, but if you are researching it, then you will make a profit and people who do not research well, which is a simple thing, they end up with a lot of trouble. I know that it is not going to be easy, but at the very least we could make it work one way or another that could profit people very easily.

Can you name some shitcoins in your wallet? I think you are mixing up coins and tokens. Because hundreds of coins didn't turn into shitcoins. Only a couple of coins have turned into shitcoins.
But this can be the case with tokens. Because tokens are in demand only for a certain period after which most of the tokens become dead.

You need to be very careful on how you make investments because many of these shit coins are majorly scam and the intention of the developer is to steal from invest and keep creating new coins. There are many Shit coins in the market and it is very hard to know which one is genuine and the one that is scam. We need to be extraordinary careful so that we are not going to fall Victim of investing in the wrong coin that has no good team and community. There are thousands of coins that are been launched everyday and we need to watch well before buying anyone.

That usually happens and normally occurs in the crypto world. It's a do or die game depending on the risk that you could take. Not all altcoins regardless of their hype or active community could survive in the long run. That's actually the risk of crypto investment, not all coins that you're buying would be profitable.
That's the reason why you have to be skeptical about buying them. You should base your decisions in the reputation and potential of a coin and not just of its popularity and hype. If you seek assurance. better choose coins with stronger foundation especially top coins that have already passed lots of tests of time. Shit coins could be everywhere so you should always do a deep research.

the words interchanged so frequently that i don't think it matters anymore but from technicality perspective then its true, a coin need to deploy the blockchain making it hard for those that wanna deploy just for the sake of deploying shitcoin since it definitely gonna take much more effort but regardless its as easy as forking some other coins out there.
but with erc20 based token its just as simple as clicking some button, paying the gas fee for deployment and thats it. no wonder token in general are being used for this purpose of deploying shitcoin because it requires zero knowledge in regard of technicality of how blockchain truly works therefore the shitcoin emergence that is massive.

Something injected into the market without any real-time usage and no purpose behind it is a shitcoin. In simple projects that doesn't have a minimum viable product can be considered as a shitcoin. This way majority of the coins available on the market were shit coins. If some coins were hyped, be clear this is going to be a shitcoin. However these coins can be preferred as a way to test our luck, because there are few coins that have dropped value and bounced back as the development team pushed it hard running on their roadmap.

It was easy to spot shitcoins than scam projects. But talking about meme coins, some are totally shitcoins except Doge and Shiba Inu, I'm not yet sure about Pepe coins. Although they are coming from a hyped project but looking at its market value, we can still say that it was not totally useless compared to others. Well, it depends on our discretion or criteria of what it shitcoins or not because for me, as long as it was been used by some traders and is still active, they are not. But can be possibly dead in the future.

Tokens that have no purpose and no solid team are shit coins. you can follow the coinmarketcap and follow the top 50 coins from here. These tokens have high liquidity and are traded in huge volumes and listed on many major exchanges like Binance, Coinbase, Kucoin etc so they are not called as shit coins. you can sell all your holdings of tokens together at any time. So always keep an eye on CoinMarketCap's top coins to avoid shitcoins

Just to add, we should also stay away from the pump-and-dump scheme projects, which are mostly shitcoins. They artificially inflate the token's price by spreading false or misleading information about its value. Once the buying interest has been artificially inflated and hyped up, the individuals or groups behind these projects will then sell their tokens at a profit, leaving other investors with losses. These cryptocurrencies typically have little use case and do not have a solid development team behind them. They often have flashy marketing campaigns and promise huge returns. It is really essential to research and understand a cryptocurrency's fundamentals before putting your money into it, or else you'll get trapped with these shitcoins.

This link may also help you identify shitcoins and their corresponding risks:

It is imperative to exercise due caution when it comes to cryptocurrency. Many measures should be used, including market capitalization, liquidity, technological stability, and the reputation of the development team, to mention a few. Indeed, reputation is important; coins such as Ethereum and Bitcoin have not only withstood the test of time but also several security and scalability examinations. Being astute rather than naive is crucial. Choose coins that have actual value rather than merely perceived value. Your motto need to be "research, research, and more research."

There are many ALT coins in the market and many ALT coins are disappearing from the market all the time. Coins that are disappearing from the market mean that investors who invest in those coins are being cheated out of the market. Since money is a very valuable currency to us, before investing in any site, we must know it well and then invest. Always avoid investing in coins that are new to the market and those that are less likely to stay in the market like other coins. Among the ALT coins there are many good coins that have the potential to achieve a lot of good if we invest in those coins we have to invest our money. It is natural that if we invest in any coin only because of high profit, we will risk losing money.

Perhaps, you can't expect them to stay but they've gone later. Every day, there is a new project will be created and there are only 2 reasons; either it will scam people or it will be useful to the community.

As the number of altcoins has been growing fast, the more it becomes hard to identify which of them as we are already flooded with shitcoins/scam projects. That is why many investors (newbies) usually fall into investing in the wrong projects. And so we have to be more careful and stop rushing but much better if we just invest in old projects.

That would be a wrong metric if you think of a coin in singularity. The coins may have some potential on their own to grow their prices but this is lacking in almost every shitcoin. But we can be hopeful and hope that someday some coin will be developed that has its intrinsic market making capabilities like bitcoin. Till then all the newly launched coins are going to be shitcoins.

They usually follow the Bitcoin trend but don't take that as an indication of legitimacy.

I also have hundreds of dead altcoins in my wallet. That is what I have earned in 2019-2022. I see a lot of altcoin projects go scam when they offer something that doesn't make sense. They promise a high price in advance of their coin. Like a coin with a total supply of up to 1 billion tokens then they promise that their project will hit $1. That's so ridiculous.

I would differentiate it into 2 types, scam coins and shitcoins. A scam coin is when there are new altcoins that come out and you notice that they are too good to be true and you think that is a scam, or even if you confirm it as a scam, then I would say it is a scam coin because it was made just to scam people.

Shitcoins, on the other hand, are those coins that were not listed on an exchange or even listed but have no value. they are kind of like they already exist but have no value or no use, so that is why most of us call them shitcoins.

The reason why many shitcoins continue to appear is the rapid fluctuations that can provide many profits in an instant. But that only applies to those who enter at the start of the project, but when the project has started at high pump, the initial buyers will throw it away and leave the coin including the developers who developed it will get millions of dollars from the FOMO that occurs. New investors who enter will only experience losses. A shitcoin will remain a shitcoin if there is no development and utility, so don't hold onto such a coin for too long. It's just going to be a pump and dump coin.

Yes shitcoins feature very fast and high quality pump dumps.  Because of which it behaves a bit like gambling. and investors suffer the most from shitcoins. And they are always very low in liquidity due to which they can be bought easily but not sold quickly. If you want to sell quickly, you must sell at a loss. Many times, due to lack of liquidity on the exchange, the tokens are worthless and cannot be sold out

A project with good team that turns out to a be shit could of various reason attributed to it. Just DYOR before diving in and you will be fine

Investing in shitcoins is very risky. I have lost a lot of money by investing in shitcoins for which I now try to stay away from investing in shitcoins. But investing in shitcoins has the potential to make a lot of money but it is risky. I think shitcoins  It will be very safe for us to invest in altcoin. But for that, we need to have a good idea about investment. I have invested some time and gone into depression due to wrong decisions.

Currently, the crypto market is down and it is hitting hard on all altcoins because of the bearish market. Every altcoin tends to be affected by it even the most potential coins are also affected.

As a result of that, it will be unwise to judge and classify all altcoins to be shitcoin or scams because the altcoins you held in your portfolio have their price decreased drastically, and that made you generalize all altcoins to be so(shitcoin or scams project).

It can't be in some way possible that all your hundreds of investments in altcoins are all shitcoins, even though we have shitcoin or scam altcoins in the cryptosphere.

I will advise you to keep your cool and wait till the bull run picks. That's when you will begin to know the altcoins in your portfolio that have the potential to give you the profits you desire.

To be on the safe side towards then, invest in bitcoin or other top altcoins or start a DCA strategy 

Expect that most of the time, you would get a shitcoin. Hype ain't gonna last long so don't really expect hypes and people making it look like a fake promotion. I have been into Discord servers of some shitty projects and obviously fake people, if not bots, that are just looking like idiots like saying "what do you think about this project" over and over.

It's going to be just like that, OP and it might go thousands. Teams are a good indicator, but it's not the sole indicator only. People need to start somewhere at least. Not everyone was born with hundreds of experience in LinkedIn. :)

Investing itself is already risky even for non shitcoins. It's potential money-maker yeah, but not for the long-term.

From here, you should be able to learn a lot from your own experience. If you have lost a lot from altcoins, then it's better to stay away from these altcoins, especially those that are hype and FOMO, believe me, they are shit coins that are just hype. And they won't last long, then they will drop again, and won't come back again. And this will continue over and over again. It is very difficult to find new altcoins that really have the potential to rise to the top of coins, not just hype coins that end up being shit coins. but most of them are shit coins. If you want to avoid it, then avoid new altcoins. It's better to choose top coins which, although still at risk, are at least lower than new coins, especially those that haven't been listed yet. And at least they have a good market cap. Or what is certain, just play on Bitcoin. This is the best.

This makes sense, but it is precisely because of it that many people will decide against this path, it may seem such a decision goes against logic, and it does, but since admitting that most altcoins are shitcoins and that there is no hope to make money consistently with them is the equivalent of admitting for the OP they have wasted time and money with their decision to stick with them for so long, they do not want to even entertain the idea this is the case and accept that maybe, just maybe, they should have invested in bitcoin and forget about altcoins.

you really should stay away from shitcoin if you can't do the analysis and research on the new project. you will lose more and more. Instead of expecting big profits but with bigger risks, it's better to invest in assets that are certain and have been recommended like Bitcoin, the top altcoin. Don't waste your money in vain, it will make you even more stressed.

The forum doesn't have a hundredth of the shitcoins that appear in the industry. If every shitcoin started a bounty campaign here, the forum would just choke in a flood of crap posts, shilling and spam.


You should not expect a project that copies other projects to suddenly write a unique white paper. Most altcoins are just parodies and copies of other well-known altcoins. If they are gone, no one will notice it, except for the investors who bought these shitcoins.

If they do it without analysis, then I can imagine they are just gambling. Whether they realize it or not - many traders bet their luck on altcoins and even on some famous memes. They've probably already calculated what they're going to lose regardless of other people's advice - so I'm inclined to let them make the decision without worrying.

To be honest we all are not good advisors to all those who come with all the greed - in fact I think they tend to ignore advice just because they want to get rich overnight. That's not just an assumption - but some new traders and investors have this mindset.

when investing in shitcoin one should have the mindset of burning away their money, lets be frank here, quite literally everyone that has invested their money in shitcoin is just giving away their money to the whales that manipulates that shit coin.
although it can be rougly guessed that these people are most certainly investing out of greed, doesn't change the fact that they are just donating their money away.
so everyone that invests in shitcoin, consider yourself donating your money at the first second you invested in it, that way you'll regrets of losing your money and also you will be more happier when it turns out that your investment give massive profits.
but its not recommended to invest in shitcoin for the reason that there are better coin out there with better long term prospect, i mean compare shitcoin gain to some fundamentally good coins like arbitrum and the others.

they will learn their lessons fast once they are getting rekt one project after another. because they will only get the idea if they are already losing some on their investments. we can't force them to believe if they haven't experienced the loss themselves.
some are jumping on this bandwagon for the main reason that they thought they can get high profits at a very short period of time. but the reality is they can't. unless, they got very lucky to one of their investments.

I agree, it is like they will be eager to learn how to do research to avoid losing more money. Some are just jumping to an investment because someone they know have invested to that certain coin and without doing any research, they will invest immediately (FOMO).

Shitcoin is gambling. If you are lucky you will get big profits because of the manipulation carried out by the team or whale. But when you buy shitcoins because of FOMO, you will most likely experience losses. It is not an investment and I also do not recommend investing there because it is not an investment but a gamble.

FOMO is a real trap that will result in the loss of many people. Nothing can be trusted without clear analysis.
Instead of just depending on other people's predictions, it is better to learn how to do analysis and predictions, so you can see and observe how the market works and the quality of the advice given by other people. Predictions are not 100% correct, but they will help us get a glimpse of future prices.

Yes - sometimes bad experiences including losing investment value can teach people a lot. That's a valuable lesson for some of them - but some also come and keep falling into the same trap. In reality, not everything we target will be achieved easily - some will fail even though we have planned very well.

The main point is risk management. I believe most altcoins are facing major challenges in the market so the risks for investors will also be large. They must be wise in choosing altcoins if they are interested – meaning they must not choose randomly like lottery numbers.

Most of the investments in ALT coins are not successful, even if everything is fine while investing, later on we definitely lose our money if we invest in all these coins. Technology is now so advanced that a sheetcoin website will suit you just by spending a small amount of money. However, if you compare the sheet coins with the authentic coins, you will be able to find some differences. 
Sheet coins that do not have a clear white paper, do not match their work with their road map, if there is a website rating then you will see negative reviews. The people in charge of the project will never share their pure address or personal information on the website, in most cases they will use fake trading volume as well as publish a wrong information on the website about the percentage of total supply they have sold. If you see any of these activities on a coin's website or white paper, avoid investing in that coin.

There are a lot of opinions on shitcoin and I think they are all right, most of them are negative projects but there is also a positive aspect if we look at it as lessons to stay away from those things. I have also bought and held shitcoins, the laughter afterwards sometimes also makes me feel lucky with things that I consider jokes, like the current market context, new forms appear a lot and shitcoins always appear.

For now, perhaps it's still a basic start with knowledge in this space, avoiding FOMO on things you don't understand, greed will lead to mistakes. Like some projects in the past, they copied each other's ideas, and found every way to launch trending things in many fields and labeled crypto to attract people, most of them are existing projects. at a very short time, with anonymous teams or no one really knows who they are, and sometimes there are some quite professional but still fail in the market.

Those are the shitcoins that are the easiest to avoid as they have red flags everywhere that even the most naive newbie can see and eventually take the decision to avoid such project, however the most dangerous shitcoins are the ones that seem to have everything in order and seem like a legitimate project, such shitcoins can gather tens of millions on investments, which make it seem even more legitimate as people think it would have been impossible for such project to get so much money if it was a scam, but as you can guess this is just the work of a smarter scammer, but at the end you will obtain the same results and lose your money.

Well most important if there is no real use for it and no value it is a shitcoin. A shitcoin will be a coin that we see big gains and profits for no reason but insider information. Or a rugpull we will see alot of times with shitcoins. 
We can know just by looking at the website. Cheaply made or if they paid some money into making it look good.

That's why they keep advising us not to invest a huge amount of money in altcoins, because their price can look funny sometimes that will make you to regret why you took such decision in the past to embrace such shitcoins. I think, there are some potential altcoins you will invest little capital in this bearish season, and you will have something to harvest when the bullish season appear in the market because their teams are in so much concern of their investors to experience positive results from their investment. And it is difficult for investors to make a good income from gambling, because shitcoins are like gamble, it can favour you today by making a huge amount of income and not favour you tomorrow.

Usually Shitcoin has very, very cheap prices and the circulating supply is very, very large. This is the easiest thing to see. Likewise with other things such as copy paste white papers, cheap websites with fake designers, and road maps that don't make sense. I often read posts from @cryptovator and it can increase my knowledge about scam or shitcoin projects.

99% of shit coin has something in common with all of these you have mentioned early. They are copy projects, and they offer high yields to attract investors to provide liquidity in their farming contracts. Mostly, they dump their team allocation to their investors and dump the price, which never recovers. Sometimes they directly run pull and abandon the project.

Any coin you want to invest in, you need to think very well and check some certain things about the project so that you can be rest assured that you are not putting you money in the wrong project that do not have a strong team and community. Community is one of the thing we need to look at when making an investment in a new crypto project. Others may include the team ability, visibility, marketing etc to know if a project really worth our time and money. We should learn from other people always who had invested in some projects that had ended up been rug pulled.

and dont forget unrealistic APY and return, they usually overpromise because they know they won't deliver anything after all they are shitcoin.
this I think is the main reason some shitcoin could always lure some people into investing their hard earned money into the shit project.
because it could cause greediness towards people that they got blinded by the promised return and then investing without even thinking twice.
thats why even a newbie could be conscious that some thing may be too good to be true and if some investment included in that criteria its probably just scam.

We have been observing similar trends in so many things namely altcoins, hype projects, memecoins, field farming and so on with more innovative names to up in the near future. The investors need to identify them early to avoid investment or if they do invest, get out early to minimise losses. Without that insight they are losing and will continue to lose coins from borderline scams like these.

I think we are at a stage where even background checks on teams and reviewing the papers is misleading and the way to be safe from scams is to not look at anything that is non-bitcoin.

One of the biggest mistakes that a lot of investors make is holding on to their shitcoin stacks, buying billions of tokens worth nothing, and then hoping that they will eventually earn a fortune out of those tokens because they are a lot. These are the people who don't understand how things work and how a token with an unlimited supply cannot gain much value no matter what happens, so they just stay optimistic and hopeful that the token they are holding will magically go to $1.

Most of the shitcoins that we see in the market and those that are released every now and then are basically pump-and-dump tokens and they won't have any value in the future, so the best practice if you have bought them is to sell them as soon as you get the opportunity and exit the market.

When each project launches its own token in the market, the hype of those tokens goes on for a while. After a while those tokens are no longer promoted and when new tokens come in the market, investors always look towards new tokens. As a result, old tokens become dead after a period of time. So it is not right to hold tokens for a long time.

You are really investing in a shitcoin that has just emerged and is hyped in my opinion. If you are serious about investing in altcoins. Choose an old coin, one that has been around for more than 5 years, has an active developer, has project development and a clear roadmap for the future. LTC, ETH, BNB, XRP, XLM, ETC and so on are old Altcoins that have survived even the worst bull and bear markets.

Before investing, it's always a wise move to conduct your research, as you're taking a risk with your hard-earned money. Spotting low-quality or "shitcoins" right from the start can be challenging, so it's a good idea to stick with well-known options like ETH, BNB, and others. Avoiding unwise investments is definitely the cooler choice! 😎

most of the new coin are shitcoin, therefore to avoid shitcoin, then I suggest you not to invest in new coin and only invest in popular coin (safer), therefore I suggest you only invest in Bitcoin, because Bitcoin is the king of cryptocurrency, so Bitcoin will not become shitcoin and Bitcoin price will continue to increase, therefore by investing in Bitcoin, you will get a big profits in the future.

Sometimes even if you already know the team behind it and they are transparent and also always have AMA with their investors, when their plan fails and they don't get enough funds to develop the project which were stated in their roadmaps, you end up wasting your money because after that all you will get is false promises from those bastards. They are not fair enough to return the money of their investors but instead, they are planning to make it seem they are cooking something that will make their project successful which is not really true at all.

Perhaps, that was a problem for many projects as they just looked promising but had no funds to continue their development making them stop and make these early investors suffer losses. This is the reason why I'd never rush and invest in new projects but rather wait for their improvement and market development just to get some assurance that they will survive. Probably, 6 months to 1 year from its launching, it was already enough time to assess the project if they really had a fortune based on their market performance and that would be the time to decide.

Shit coins are crypto currencies that have no value for any purpose. How do we spot one?Developers are mysterious; the white papers have huge promises but no fixed road maps; projects seem to be copied or too generic; there are fewer holders; and there is very little liquidity. Shit coins are considered bad investments, especially for the long term. Mainly, there are several meme coins people keep pumping; these are shit coins. There is money to be made in the short term, but in the long term, they will get burned. Still, there are people who invest in shitcoins, knowingly or unknowingly. And many websites and videos, like how to find good shitcoins early that will pump 100x, crazy gains, huge profits, etc. So make sure you know what you're buying.

yes im agree and if I may add an opinion, i think Be cautious of cryptocurrencies that promise guaranteed high returns or make claims that seem too good to be true. High-pressure sales tactics and get-rich-quick schemes are common in scam projects.

I can assume that those who collect $0.000xx worth of shitcoins and then hope to get $1 are greedy people and don't want the process of collecting money. They don't know that it is a delusion that will never come true. I mean what causes the coin to rise 100x but they have a huge total supply?
Yes I agree with you. If you want to buy shitcoins, it's better to buy and sell directly when you get a little profit. In terms of investment, I prefer BTC. Without doubt.

It’s possible on less liquidity shitcoin whic a few purchase can give a huge price impact to the token price. It's not greed hoping for a shitcoin turns to a dollar as long as this holder doesn't invest what he can afford to loss. I manage to purchase some of this kind of shitcoin that print more than x100 of my investment but I only put small percentage of money since the price is extreme volatile.

In general, investing in shitcoins is not being greedy but only high risk high reward so it's important to don't over invest so that you can still cope once your investment loss.

Agree with this, don't be too hasty in investing, do research on the development of the project in the next few months. If the project in question has a definite goal, it is likely that the team will continue to try to achieve success again.

Well, some maxis would say that Bitcoin is the only coin, all others are shitcoins. I am not so strict, I think there are good projects around, with great potential. I would never say that Litecoin and BNB are shitcoins (and some others), they are here to stay, simply many people are using them, and I believe they will be even more popular in the future. So I guess we can say that shitcoins are coins that nobody uses, except scammers who manipulate their prices and lure other people with big promises about fast & huge profit.

not all new coin shitcoins though, there are many good coins, if every new coins judged as shitcoin then there will be no innovation at all.
after all the new coin also need support so that they can grow, most of the shitcoins are just those deployed without any product backing it up, quite different with good coins.

I see any coins that require crowdfunding a shitcoins.  The main reason is that they don't have funds to start the project, they can't convince any private investors to fund their project so they resort to crowdfunding that usually got carried away by hype and empty promises.

That's true. It's easy for the dev to run away after accumulating significant amount from the investors who trusted them. The reason why it's hard to find a good coin from the new ones because you have to dig deeper to see if there's a gem among them.

To identify a shitcoin, check the whitepaper, roadmap, the team (and its transparency and their previous works), the community and if there's a use case that can solve real problem for it to function with purpose and not just relying on hype. It's not going to be easy but if you're careful not to fall on good promises, then you'll spot a coin that is good to invest in.

Shitcoins are those that has no significant value or use in the crypto industry. They were just the result of the teams greedy minds to make bunch of money through launching a nonsense project. Be smart on choosing alternative cryptocurrency investments because it could drive you crazy when it become a shitcoin. I highly recommend you choose the top 20 on coinmarketcap.

This will happened to every altcoins. If you are investing on long time, it is better to invest in bitcoins. If you are short time investor, you can invest altcoins, but you have to take profits end of the market cycle. Otherwise it will be huge loss.

How to identify the shitcoins?

1. Unlimited supply
2. no usecase
3. No major development from the project side

when we find an altcoin that works based on utility, it will be difficult to identify it to be a shitcoin. We need time to see it coming. However, for other shit coins, we can see from the lack of clarity that the coin was created, incomplete data, anonymous team, very low coin price, coin listing on an exchange that is not well known, or maybe only DEX, small volume, and still much more. You can find these things when you do in-depth research.

but in recent years there are a lot of new coins and they are on average shitcoin, some provide large rewards and some provide guarantees that they will enter the big market, one of which I heard that a youtuber lost a lot of money due to playing on shitcoin.

Even shitcoins perform so well during bull markets. You need to analyze many parameters like token distribution, project deliverables, developer team, etc. in addition to the parameters mentioned above. The process is fairly difficult, yet worth it. Else, it's best to exit while you have some profits.

Yes. You are right. We need more confirmation about the altcoins as well. but the sometimes more conformations means more vulnerable. There is a possibility to you will get rekt.

We usually use Coinmarketcap or Coingecko to find out about a coin, so when we need to check about a coin, we can copy the contact address of that coin and search on Coinmarketcap or Coingecko to get detailed information about that coin. Through these two sites you can know about a particular coin but whenever you need more details you have to visit the project website. A project's website usually provides detailed information, such as what are their plans for the project, how they can take the project in the future or who is working behind the project. If you think the project is real, then you should invest in this project.  .

To identify shitcoins it’s not too difficult things, just you can follow a few steps to identify shit projects. First of all, shitcoins always created with big supply, they would like to hide their identities, looking poor development, teams will never list their tokens in any major exchanges, but they advertising by rewarding their tokens which is worthless, shitcoins can survive a few days or month.

Indeed. Not sure how to get rid of those dead coins laying in the wallet. Some are actually dead and some has such a low prices that it can not even fulfill gas fee.
The projects which are getting hype initially but down the line after few moths show sign of less or unwanted updates and communication, getting engagements reduced, getting delisted from some exchanges, and having dumps more than pumps(shows team is selling below ico price), are some of the symptoms of to be dead projects.
Having said so, it is very difficult to identify such shot projects at the beginning.
Thanks to bitcointalk forum where we have many topics  and awareness threads to keep everyone alert and updated about scam projects.

Aside from a strong technical analysis, there is one important metric that you need to consider: the community. Shitcoin projects that manage to produce significant returns are fueled by the underlying community. This means supporters, celebrities, and influencers who pump up the value

I guess community can't always be a good criterion to analyse. Yes, many famous people advertised the scam, but it was just hype. But you should understand that they pay money for advertising and no one forces you to buy such coins. After all, the profit from it only for the creators, not for you. Probably the main criterion will be the development and availability of developers, which can be viewed on github.

The community is only consumed by influencers who are consumed by the hype they create, it is not impossible for the team to pay them to increase their hype on social media while the community is fanatical about shitcoin by hoping that it will increase 10x or 100x by hoping too much and usually they will be trapped by buying shitcoin.

True, shitcoin only benefits the owner of the project while you are trying to become FOMO material to immediately buy shitcoin at high prices, one more thing is that shitcoin very rarely has development on github, shitcoin usually only copies from other projects.

If we look at the market then we can see that there are new coins and shitcoins. We have to choose the good coins so that we don't put our money at risk. But most of the time the money from new coins is at risk.  So we have to be careful all the time so that our money will be safe. I try to stay away from shitcoins most of the time because I feel safe.

If we invest in haste while investing, it will not bring us anything good. If we invest after checking about the project we are going to invest in, it can reduce some risk. Before investing, we have to take risk.  I can't invest. But sometimes if we take risk, we get good things and sometimes we lose money if we take risk, so we have to accept them and invest.

has a low market cap, and there are always lots of people promoting it every day, they hope people buy the coin and then they sell it.
that's what shitcoin promoters do.
There are several other ways but the most obvious is this.

I have several altcoins that I have bought in the last year in the end now have no selling value in the market and have even turned into shitcoins that have no selling value at all. I learned a lot on alctoin, therefore avoid new coins that have a large supply, projects that offer big profits in a short time.

The only real coin is Bitcoin. Apart from that, I consider every coins as shitcoins no matter their potential. They can only bring temporary profits. But in the long term, nobody but only bitcoin survived. And it's still standing. Shitcoins do advertise a lot, saying they have this, they have that, their value, their plans etc, but all of these to attract investors and acquire liquidity. Nothing more.

New coins can turn into good coins or even become shitcoins and research is needed to find out what the potential of the new coin is. I never try to get into a shitcoin that is still untrusted and has no development. I might still believe in SHIBA, DOGE and still hold it to this day. Instead of looking for new coins that have the potential to become shitcoins, it's better to choose coins that are certain.

I see it the same way you do. All other tokens except bitcoins are shitcoins. They can be successful in the short term, but in the long term they will always perform worse than BTC. Many shitcoin developers try to put bitcoin in a bad light to promote their own project. Therefore, you should always pay attention.

simple, if its over promising its shit coin, if its just some pump and dump tool its shit coin and also if it doesn't have product and also imitating other meme coin then its shit coin.
differentiating one is actually very simple, some people that used to shitcoin will know its a shitcoin instantly.

Yep, that's true and I have seen that happening in the past. I remember a project that was looking great, their whitepaper was impressive because they had a lot of good products and they were also about to launch their own blockchain with a lot of functions and low fees and stuff, everything was going very well, and the community was growing, people were interested in the token, and then I don't know what happened all of a sudden, the project started falling apart.

It wasn't very long after that when I saw that the developments were not really going very well and the team was basically making excuses to users about the developments and everything, and after a short while, the project became a failure, though the team was good and experienced.

You have mentioned a valid point. In always saw newer token which listing on dex or some bad reputed centralized exchanges, are always scam after a limited time. They are just showing people their token is listed and doing same promises to listing on binance, ama with binance or kucoin, to attrack investors only and later them dump their altcoin by sell off and disappear by taking all liquidity. So such point Should be noticed.

I think the newer shitcoins I have seen on DexTools is quite different. In that they don't make any promises. The team or developer(s) simply create a token, add liquidity for it and might falsely lie about locking the liquidity in the pool. Afterwards, they just go on to have shot callers (people with huge following on tg groups or X) to shill their tokens for new users to join in. If people join in, great. But if it gets slow after a while, they just pull the plug (my removing liquidity) and moving on.

I don't value wasting anytime on shitcoin because it have taught me horrible lesson in the past. Shitcoins have become the trends of the market, everyone talks about it and there's enough traffic when it comes to shitcoins. I actually don't understand the full comprehension you're trying to generate here, all I can I see is that, you're trying to sort out shitcoins by mutual consent. There are different techniques that can be used to ensure that a project is purely a shitcoin in the system. Shitcoins pumps and dumps heavily within small range of time and most shitcoin doesn't survived the bear due to their instability and high volatility.

You speak as if shitcoin has progress for the future or when the bulls arrive. Don't get me wrong, I don't mean to make you bad but your statement could be misleading to others because at the end of the day we have to understand shitcoin's performance for profit is nothing but a pump and dump scheme. It doesn't matter how their development team works or the supply of tokens they have it still works the same way because in the end the scheme they do to make a profit is to lift with an unreasonable pump after they get a profit that they feel is enough then it will be dumped and let beginners get caught up in it. Things like this even though there will be many people who deny it including those who like shitcoin but this is a fact that must be known especially for those beginners who hope for more shitcoin.

usually having large supply doesn't mean the coin is shitcoin I think its more of the generic name like pepe, elon, etc that kind of coin are clear red flag that they are indeed a shitcoin.
moreover coin that have no fundamental at all, being created for the purpose of just dumping, i think they are also shitcoin.
overall the result is always as you said instead of having organic growth through series of bullruns, the coin instead just losing value, and it will never get back up because these coin in general are just shit.
they have no fundamental that makes people eager to invest in them but instead they just exists and gone because the devs exactly want just that, the devs behind these coin are preferring to have coin that just gonna gone in short time and then create new coin because building hypes with new coin is easier and also they definitely have sold off their share.

You are not alone, I have a ton of tokens, of which a huge majority of the project is dead. However, understand the difference between shitcoins and scams. Shitcoins aren't always scams. It mostly happens to be shitcoin when the management fails at managing/implementing the project, or something takes away the utility of the token. Scam on the other hand could be you investing but never getting your capital or your supposed gain amount

For me how I identity shitcoin is by the total supply, market cap. Price of the coin. For example if the coin has a total supply of about 15billion or 50billion coin, to me I see such as a shit coin because there is no hope of becoming profitable. The lower the number in supply the higher the demand but when its rampard you can use $1 to purchase 100million coin which is more to nothing.
The price is also another thing, whenever you see the price of shitcoin it's always not any close to $1 rather always start from$0.000000000085662 per coin that is to tell you it's a shit coin.

You've pretty much summarised how we can identity shit coins, without speculating much, all we have to do is visit Coinmarketcap or Coingecko, it's really that simply. I think that I can rely on the ranking of altcoins by these two entities to know which altcoins are reliable to invest in. So the further down the line, the more shit the coins become, this is why I always advertise Ethereum, for free, because I believe that after bitcoin, ETH is next in line.

I don't gamble my hard earned money on coins that have not tested their durability in the crypto market, no matter how enticing there hype is. This forum has been a big eye opener for me not to gamble with my capital. The risks involved in bitcoin volatile nature is enough for me to handle, so why go down the line to look fo far greater risks.

I hope OP abides to this good advice above, in order not to keep being a victim of scam projects, because I've learned from his mistake.

Quite simply, when a token's volume drops to zero, you should understand that it's really shitcoins, and if you research, you'll see that their project has absolutely no development activity. In fact shitcoins suddenly create hype in the early days to sell their tokens and later they scam and hide from the market. Initially the hype of shitcoins is high so new investors fall prey to this scam.

That's very correct as their is this massive misconception in the crypto space that all altcoins are mostly shitcoins which is obviously false but their is a massive audience that believe all altcoins project are scam project but most times scammers are also to blame for this, they tend to use some altcoins to even scam people that are naive in the crypto space and I have seen some of these scam as I was even target with one of their scam to a particular project that seem legit but have been used otherwise by this so called scammers.

Are those shit coins still exist in this crypto world?
I think many people agree that shit coins are mostly low-market-cap coins because it's easy to pump and dump at the same time.
I am not being Naive, I like profit and most people like it. Just like gambling and hoping they can get a jackpot.

There are many ways we can identify shit coins especially looking at there total supply decimal zeros. Shitcoin is not bad to hold because we can earn so much profits from it. Thsie that know how to buy and invest in shitcoins do not hold it for too much because of rug pull.
We can make a lot of profits from shit coins if we know when to buy and to take our profits. But the problem is when we plan to hd it for too long, that is when we can start making loses.

I don't agree that any project or token listed in decentralized exchanges tends to be a scam or a shit coin because there are a lot of legit projects that are first added into decentralized exchanges and later they grow bigger and centralized exchanges start listing them. The reason behind that is it's easier to get listed in a decentralized exchange because they are not as popular and widely used as centralized exchanges like Binance and Coinbase which have huge user bases.

However, I agree that one needs to evaluate a project before entrusting it with their money, proper research and analysis must be done before investing if the project in question is new in the market. Someone who has a little bit of knowledge can easily do thorough research and evaluation of a project through their website.

It's a pity that not everyone knows how to identify shitcoins, most people were easily carried away by the sweet coated mouth and words being said by most of these crypto projects developers, influencers and advertiser, we also need to know some of the criterias needed to look in for before making any decisions on using any of these altcoins, because not all cryptocurrencies are worth deserving our investment, some were nothing than shitcoins.

Unfortunately some of those shitcoins always look real even with thorough research, developers do promote and advertise their project such that it will look real because basically crypto market is not regulated thus every Tom Dick and Harry enters the market and launch their token infact some developers contract influencers to helpthem  hype their shitcoin while unsuspecting investors in their bid to make quick profit fall for this cheap scam,  even with this reg flags many new investors would still defy all the warnings and invest in shitcoins I had also supported investment in credible and trusted altcoins whose profit is guaranteed.

It's very easy to spot a shitcoin,  just take a look at their website and what team are behind them,  also take extra step in researching individually about those team member if possible go through their social media and other contacts that may be available on the internet,  by so doing you will discover a lot of things about the project and who are behind it.

When a project promised what look unrealistic then it means that the investor should be sure that holding them is amounting to holding another worthless coins that will end up being spamming your wallet.

This is why it's important to invest in knowledge as a cryptocurrency investors because this knowledge will help you identify the fact that some of these coins have got timing and if you are ignorant of their timing, you will most definitely not be able to get the best out of them. Some of those coins were created to promote certain projects and once they are done, if they don't have a strong community behind the coin to further push the coin to become valued and probably listed on major exchanges, they definitely turn out shit coins at the end of the day because they are not valued. So before you hop on any of such project, be sure to know what purpose for which the coin was created, and the community behind it how strong they are.

Yes, That's why altcoins are riskier than bitcoin. While bitcoin can last forever with resilience, altcoins cannot. Just because some altcoins are heavily advertised doesn't mean the coin is of good quality, imho and Fomo will make you lose trust. Some altcoins have very short cycles - shitcoins. Anyway, the top altcoins still deserve to be trusted and some new altcoins can be of good quality

Indeed, that is one of the big risks of altcoins. especially if they are new altcoins, don't ever expect to make long-term investments in them. This happens often with new altcoins, most of them are just hype. And in the end, their prices will drop and never rise again. So if it's a new coin, it's better to take advantage of the hype and just take profit. Don't believe anything they say for long term holding. Or stay away from new altcoins, focus on Bitcoin and top altcoins.

This is not new anymore as altcoin market have been the playground for scammers when all these too good to be true projects have start to emerged. Gone are the days where altcoins are highly profitable and highly valuable because at the moment, majority end up as dead and shitcoins.

Stick to bitcoin instead. Aside that you won't waste your money and time identifying which are shitcoins and which are not,  you will also minimize the chances of getting scam. Although I won't say in general that altcoins are not worthy of our money and time, but definitely must avoid if you want to gain significant profits in the end.

The highest price is depended on the buying and selling activity therefore you should not buy an altcoins for which there is no other buyer. Bitcoin is a famous crypto coin and you have seen that how fast its buyers are increasing because of its surety. I know that all alt coins are not scam because the creator have already creates lots of coins which gives highest profit to its costumers but altcoins are larger in number so every coin is not able to give us profit.

If you get experience for the first time after it get the Value of zero then you should have to stop investment with altcoins. If you continuously repeat same thing always then this is your fault. Simple is that by wasting huge money in different altcoins you should invest in bitcoin so you will not be worried that your coins will attain zero value.

In my opinion, the way to know if an altcoin is a shit coin is as follows
1. team is not active in the group to provide information about the project
2. the project does not comply with the roadmap
3. team made too many promises but never realized them
4. supply is too much, but coin have no function
5. team never wants to be criticized by investors

this is one of the biggest if not the biggest red flag for me it’s normal to set expectations even in the long run but at some point you’ve got to learn what’s realistic or not

too many people these days are blinded by flash and glitter that they will immediately put in their money into new coins that have promised them to get x amount of profit this is how usually a lot of people get scammed cryptocurrency is profitable but it’s not effortless you’re not gonna get rich quick just by investing x amount of value and then getting back profit 100x the next day

I agree that you cannot consider Bitcoin as a shit coin or even Ethereum. Some here would disagree with my judgment as they are the biggest supporter of Bitcoin and consider everything after it as a shit coin. To be precise my understanding of shit coin was meme coin, wherein I found out that those who invested in meme coins in the last bull run made more than those who recently invested in Bitcoin or Ethereum. Some coins that made on onto the list are Dodge and Shiba. Although I still feel Dodge is a shit coin as there is no development on that project still it is ranked on the first page of Coinmarketcap. Then what is the definition of a shit coin? Originally it was considered a joke until Elon Musk promoted it.

making promises to users is a natural thing, especially if it is in the long term. But you're right, we need to realize which promises can be kept, which ones can't. Many developers out there promise high profits, even when the price of the coins they own is not expensive. some other things, sometimes they sell with lots of bonuses during pre-sales. it could make their market down when it first releases, even when they promise great prices. However, over-promising is something to be suspicious of, especially if their project is not very good, has a white paper that is unclear, or perhaps lacks uniqueness, has an unclear team, or is slow to respond.

Don't know the definition imo, i think any coin could be trun into shitcoin. No matter before listing or after listing on exchange. Any newcoin can't be trusted until it get listed cause as you said, some project might be look super promising, not suppose to go but scam at the end. Even most shitcoins listed in dex and volume looks worse after few days later of listing. Memecoins can be called shitcoins. Although people still buying new coins with taking risky for better profit

Not all unsuccessful altcoins result from scams. Various factors, like a waning community interest, contribute to this, as attention shifts to more hyped altcoins. Consequently, holders may sell and move their investments elsewhere. There are multiple potential reasons. Therefore, it's crucial to stay attentive, consistently monitoring our held altcoins, and being prepared to sell if needed, preventing them from losing value in our wallets.

I disagree if you said all altcoin, many of them are scams. highest profit mean highest loss for other people if their crypto will die soon.

Even they loss a lot of money but it's still better than slot machine because they urge developers to create more interesting things in crypto in order for some crypto will be successful later.

agree, many of them try but it just doesn't work. i have seen many simple crypto like memecoin, they get a lot of attention the price rise higher and higher then just die

In my opinion, it is very important to identify coins before buying, at least we have to look at the market cap so that we don't lose in investing unless our goal is just to speculate on meme coins, but it's important to remember, don't invest in crypto without knowing what we are buying, don't be fomo with the news. All you have to do is do your own research. There is no guarantee of making a profit in investing. There are still risks

Of course, never buy any coin before you take a research on them. It will be very risky for you if you buy coins with a random way. I think it is not only about the market cap, we also need to analyze the fundamental factors for the coin. Don't buy coin because they are hype only, the hype may end in a short time. It is better to buy coins because they have strong fundamentals and look to have bright future because they have many top partnerships and support by big community.

  It cannot be denied that most altcoins are actually used to scam investors who lack knowledge in this industry. Because legit crypto are different from crypto used for illegal things.

  This is because sometimes the problem with others who deliver words here on the forum platform is that the other terms that are being delivered are wrong, as if the former is the bad thing about cryptocurrencies. But it is not defined how it became shitcoins compared to legitimate crypto. That's why if you're a newbie here on the forum platform and don't know anything, you'll think that crypto is ugly because of the terminology that some say here.

Identifying the shitcoin in crypto world is little bit difficult but other hand it also is so easy if you focus on some main factors which are important to know about any coin or shitcoin. First you can check out their projects Whitepaper, Roadmap and other activities they fulfill their promises or not what is written on them. You can also do your own investigation in every project you choose for investment just keeping some main factors in mind. I also recommend you for investment in coins (not personal advice just suggestion) only choose top altcoins like Bitcoin, XRP, Eth and much more you find out these altcoins on Coinmarketcap and other site provided visual details about altcoins. Just wait for right time to invest then your investment will not be waste.

The easiest and most efficient way is to consider all coins as shitcoins unless proven legit. So people need to research every coin and project they are interested in. Bitcoin since 2009 has been the most proven among all decentralized cryptocurrencies. In terms of partnerships, Ethereum is the biggest platform pioneering smart contracts.

To start first, stick to the top 20 coins. People interested in crypto won't stop learning so the rest of the coins outside the top 20 will be explored and learned soon.

Bitcoin is a different league and there cannot be any comparison of any other projects with it. That is why Bitcoin is Bitcoin and all other coins are known as Altcoin. Agreed with your presepective but apart from Ethereum there are other projects that have gain trust in time. I won't get into the names but the best way to find them is to check the the top 10 coins according to market cap on Coingecko.

To identify an altcoins is not too hard because they moving to one direction. Their growth is very slow and the effort of the developers is to advertise them instead of working on them (the projects) more so that people will use them (the projects) and advert the projects and not the founders advertising them. I have not even seen an altcoins forum where they can market their projects but instead.

Most of the altcoins failed because of improper planning of the founders. I don't normally like altcoins but planning to invest on two which I know that is good to invest.

I hope you will be careful with this altcoin investment and choose the right coins because most will not rise to a profitable level. They are just moving slowly unlike bitcoin whose price change is obvious. However, while investing you need more of top altcoins like Ethereum or BnB. Then if you want cheaper altcoins you can pick altcoins listed in binance because of volume.

The failure is not because of improper planning but it's because they can't follow up with the plans and roadmaps that they publish on their websites and whitepaper. The lack of funds or lack of proper management causes even genuine projects to crumble before even gaining any momentum and gaining enough trust from their communities and investors. Early investors start becoming worried as the project progresses, they start questioning the management and when they see nothing, they leave.

Whatever I've said is what I've experienced myself and it's not just made-up words. I've been a part of such a project, it has good products, a good vision, but they couldn't follow up with the roadmap and the project fell apart in the middle after launching a few products and couldn't continue for very long.

Usually the roadmap and development is not clear, it is done quickly and there is no preparation, usually there is an extraordinary increase within 1 day and then a deep decline too.usually described as a token that has a very large supply.

Maybe hundreds of altcoins in your wallet change because market prices fall so their value decreases, just wait until market growth occurs which is called a bull market. because there is a saying that a bull market can encourage overall growth. Therefore, we must know the factors that influence market conditions if we want to start investing

Knowing shitcoins is pretty easy for those who have experience on loosing there money from this Altcoins. This shitcoins are mostly over hyped, their white paper lacks contents and texture, looks like it was drafted by a child with so much unfulfilled promises, they always force you into keep buying more during their dump, maybe after during there presale they find it difficult to list, they keep postponing the date for the listing and even when they list usually on a smaller Cex that is not reputable to the hype the Devs made from the beginning.
This Shitcoins do not even last a period of 6 months before the group chat becomes inactive and Devs account banned certain things are to be looked into before investing in them by using little or spare money and taken profit immediately after there first pump, because if they should experience a dump they are never recovering from that

I think the author had in mind what characteristics a pre-fraudulent token has. Namely, how to understand that a project has no future and why it is better not to buy it so as not to incur losses. A bull market does not guarantee a rise in price even for shitty tokens.

The way people are investing in altcoins are random that is why we keep seeing people selling there tokens holdings and using the money to buy next available and trending or new projects with the aim of making profits from the projects. We don't leave money we use to invest in a project for too long. We need to be taking our profits and investing in the next promising projects so we don't fall to prey of leaving the fund for when the project price will appreciate. It might not even appreciate and funds might be lost along.
.

Yes, I understand that sometimes there are tokens or coins that don't move at all, even though the market is in a period of growth in value, meaning it's bull season and I can only conclude that it doesn't move at all. then the coin is a genuine shitcoin and there are many other characteristics of a shitcoin

If you look for shitcoins in altcoins all bitcoiners will say that all altcoins are shitcoins.
But maybe some people differ in this view, for many reasons that he considers correct and becomes a guideline in investing. 

Most altcoins become shitcoins when their projects are outdated with technological advances, we all know that effectiveness, efficiency as well as security are the most basic values in crypto that make them attractive, but most of them are getting worse is losing their market or interest from investors or users of their ecosystem so that they no longer get funds to continue operating their projects, and there are some developers who have stuck with the project they created or can say they are stuck, so there are no more updates or anything about the project. You can look at the community and or monitor directly on the altcoin project road map to see what steps the developer will take, if it seems strange and there is no logical development then you should be careful.

firstly i can not believe a new project it's doesn't mean that all of the new coins are scammed,
but most of scam because those are copy project, i see many scam coins are created by popular meme coins name, so stay away from those project,
development,roadmap,partners,team management,exchange listing all of factors are important to identify shitcoins.

Shitcoins that have no value are just junk in your wallet. Forget about them, you will never be able to sell them. Instead, focus your attention on existing projects, these coins tend to have greater liquidity and a higher chance of retaining their value over time.

I agree with you because most of altcoin project will be dead soon. we can ride the trend when it's hype but don't hold for too long because the risk is so high.
Although some altcoin did really do their job and try everything but but it still doesn't work

I am sorry to hear that you have a bad experience with investing in altcoins It is really  disappointing when your investments do not work like you hope.The cryptocurrency market is known for having some scams.... So it is important to do your research before investing in any altcoin.

Sometimes we saw that a project may look really promising at first with a good team and lot of people supporting it (like Luna and FTT).But remember one thing it is important to think first and never fall in scam quickly do a proper research.

And It is also a good idea to spread your investments and never put all your money into one cryptocurrency. If you get any loss from one side so... definitely you will get some benifits from other side. And it is better if you will concern to any experienced people they will give you a better idea(and I really hope they will give you Idea to invest in Bitcoin).

But keep in mind that investing in cryptocurrencies is risky so it is important to be careful. Any project can scam or collapse and you have some examples like Luna and FTT.

And in my recommendation only one coin in which you can believe that is Bitcoin and just Bitcoin.

Research is important, but this market is unpredictable, so even the best due diligence cant forecast every conclusion. Luna? FTT? They collapsed despite appearing bulletproof. What does this mean? The best projects can fail.

As you noted, diversification is crucial. In a volatile market like bitcoin, diversifying risks means not placing all your eggs in one basket. Yes, obtaining advice from experienced investors is wise, but even experts cant predict every single move. Bitcoin is relatively steady, as you say. The pioneer, the proven. Beware complacency. Bitcoin experiences ups and downs. Be wise when investing.

Before buying some of these coins it's usually advised you DYOR first and if these coins are not listed on major exchange platforms then it's an indication you may be at your own risk , if they don't have a good community anda solid projects backing them, I think you should know what to do but then always know that on the long run the results will play out.

If you have a hard time understanding which coin is shitcoins then you should first understand how successful the project is in the crypto market and also you should do the best bitcoin, ethereum. A shitcoin has a lot of supply but their project activity is not good at all. If you look at the social media channels of the team community, you will understand that they are inactive. It will be a long time but there will be no update on the development of their project. They will enter into some exchanges which free fees so any crypto user can understand these shitcoins.

It's actually very easy to know whether it's a shitcoin or not.
1. Go to cmc, there is full info on the coin you want, if it hasn't been listed, it's most likely a shitcoin.
2. Check the website, Telegram, Twitter and other social media. Usually from there you can see their progress, how they treat the community. If it's shitcoin, the Telegram group only contains pump and dump.
3. Check their website. good projects explain what their projects are like, shitcoins don't, just website capital, they list and rug. Shitcoin sometimes has a WP, but it's limited, and tends to be haphazard.
4. Use your heart. the feeling of a crypto lover knowing whether this is a shitcoin or not.
5. only buy bitcoins. you will be free from shitcoins forever.[/li][/list]

Shitcoins can be recognized by the news that someone has suddenly become rich by buying their coin.

My wallet also became like a museum, there were about 70 tokens in it from different projects, and my main mistake was that I did not sell some on time, many projects in my wallet were worth, in principle, some kind of value, but as usual I waited even more, in  in the end they are all almost equal to 0.

and altcoins that have utility but no price or liquidity are also trash because you can't sell them. Don't just focus on large liquidity but you also have to focus on the community of the project because it is useless if only have large liquidity but a small community. if it only has large liquidity but a small community, I think the project will not last long because the available liquidity will decrease.

Not all coins will be in the form of currency, it has been proven by all bounty seekers that this is the same as trying without results.  However, all of this can be handled by increasing the number of forums and communities with good ideas.  It's not easy, it will definitely come together after swallowing the bitterness of being a coin hunter.

Yes, in reality it is like that. I have owned many altcoins that I thought would have high prices in the future, but the CEO was suspected of fraud and scam. It's not just one altcoin that is like that if we look into the past, but many altcoins are like that. The OP is not the only victim, but there are a lot of people who used to think that the few altcoins they held could make them rich, and now think that bitcoin is the only profitable crypto. However, I don't blame people who have views like that, because I have felt that way too. However, I still believe that some popular altcoins could have high prices in the future.

Probably some people are contraindicated in investing, because for them it is only a bad experience. But still, if you look at most of the old projects, you will see that they have shown growth no worse than bitcoin. It's just that altcoins don't have a long lifespan, because new and new projects are constantly appearing to replace the old ones. But nothing can replace bitcoin.

Specific to the shitcoins, it's true that most of them won't stay in the market once the developers were done making money out of it. Then, those that have thought to believe that they're great projects are gonna be left with all of those shit tokens.

This is no brainer and no contest. No matter what type of projects come out and tells that they will beat bitcoin whether they are good, shitcoins or meme coins, nothing beats Bitcoin.

Hey! Colleague thanks for this answer. A question was also ask why some of the  altcoins give up along the journey and since I am not too good altcoins I just gave the reasons that are best suites to it and they were correct. And when I saw this your comment I was impressed as well. So that means most of the developers of altcoins behave like ponzi schemers. Once they have gotten the amount they wanted then the project would collapsed or would ente enter the site maintenance group and that would be that last time to see the website.

quote author=batang_bitcoin link=topic=5464597.msg63269378#msg63269378 date=1701715138]]
This is no brainer and no contest. No matter what type of projects come out and tells that they will beat bitcoin whether they are good, shitcoins or meme coins, nothing beats Bitcoin.
[/quote]
If any project came and says that they are going to beat Bitcoin they are automatically tag as scammers.

If any project came and says that they are going to beat Bitcoin they are automatically tag as scammers.
[/quote]
Unfortunately many developers of those shitcoins got away with their fraudulent and scamming act because of non regulation of crypto, many of those projects are well packaged such that it would be very difficult to suspect any scam whereas their developers are just trying to obtain funds from unsuspecting investors thereafter abandoned it and vanish into thin air without any traces, I would always emphasize investing hard earn money on trusted, genuine and credible altcoins though expected returns or profits from the real altcoins might not much however the opportunity of recouping the original fund including small profit outweigh that of investing in a shitcoins.

This mostly happens when they first hype their investors and spectators with their sweet words and sugarcoated ideas which will never happen because it's just all for show and everything is set to fool their target newbie investors. When they first released their coins, it will be a blockbuster hit and you can see the graph always move up to show the investors they have done the right thing and when they finally reached the necessary amount of money to cover all their expenses and mostly they get more than that, they will dump the coin and disappear leaving their investors some false promises and hope.

I always check new Altcoins is from their project first. How ling did the project start. The goal of that project. The Team behind who help that project. Another famous project who follow that project.

Everyone wants to profit and not lose.. That's right and that's the main foundation for us to explore so that we don't get lost in the middle of the road because this is talking about where the most appropriate place for our money is to be placed and if it's wrong it will be very funny and painful.

It's hard to find coins that really have good value, not shitcoins.  because even though shitcoin also has a good concept, it seems as if they are not a fraud.  However, a good way to choose a good coin is that you can see it on various exchanges.  Choose the coin that has the top ranking

Yes, that's right and if you have can remember what happened on 2018. That was the bear market and many of these altcoin projects have behaved like scams and that pushed also the market very low.

Well, we can conclude that but sometimes these projects are believing too much to their potential. But wait for a few months and you'll see if they can really be a competitor or not.

If you are ready to invest in altcoin, then you should already be aware of the risks, because investing in altcoin does have a big risks with a big profits too, but of course if I were you, then I would definitely choose altcoin that are already popular and at the top 50 on coinmarketcap, because the risk is smaller, although there is still a risk that we could lose our money, but if altcoin that you are investing is still progressing and active, then it is better for you to just hold and wait until the market situation starts to increase or the market experiences a bull run, because maybe the price of altcoin that you invest will increase and give you a profit.

How long is the project been in the ecosystem does not matter but what matter is the genuineness of the project. A project can stay for a long time yet it can still fold up. And according to the market strategies, if a business stay long for more than five years there is possibility that, the project can stay long. And checking the goals of the project might not give you the genuineness of the project because there are some project might good genuine goal but behind the scene they not good. And one of the thing I use to identify an altcoins is the activity of the coin and any project that is not Bitcoin is automatically an altcoins.

And if you are investing in altcoins, you can do that with Ethereum and Eloncoin because Eloncoin is listing in most of the Exchanges. So if you invest now it will be better in the future.

What did I just read? :D Do you know that even a tier one project can turn into a shitcoin? They were heavily invested by the OGs and different venture capitals that are famous in crypto but what happened at the end, it's now a shit show. Here comes the list:

• Terra Luna
• FTT
• ICP

Reasons why this projects fail were obvious but we people love to see what they want to see and don't care about the red flags around them.

Terra Luna gave one of the most hype and high APY in staking Luna and USTC, it was a scam APY that wouldn't last long but what happened after, 6 feet under the ground and he is trying to be extradited to US the last time I heard of him in the media.

FTX/FTT was donating millions and lobbying politicians and congress house because of his political ambitiousness and it's obvious that this where from customers money but many people were extra excited about the market and what happened today, not only did he embezzle the company money, he did it together with his sweet long time girlfriend(partners in crime).

ICP/internet computer protocol conducted one of the largest ico in tbe crypto industry but what happened after, there tokenomics was bad and when they released the listing date, people sold all of their investment and I don't blame them because you don't expect people to leave their investments seeing that it's has done 400x on listing date. To date, ICP is yet to recover and I doubt if that is going to happen soon.


What am I saying? It's possible that you will do all tbe basic research needed before investing into altcoins and you might still bite the dust reason is that altcoins are very risky investment, take your profit while the market is still green on the other side.

There are many altcoins to buy. Not all new coin are soposed to be baught. I too made same mistake. But when I came to this forum I was able to spot the difference between them. Shitcoin are always know by the amount of zeros that appears before the numbers something like 0.000000000003526 which has a total supply of 100 trillion supply.which you could buy billions of coin with little amount of $ dollars.

 I will share my experience with altcoins.  I invested based on the hype, strong team and active community.  But, unfortunately, many of them turned out to be hoaxes.  Interestingly, some altcoins that promised a lot suddenly disappeared for no apparent reason!  Now there are a lot of altcoins in the wallet that have turned into dead 'shitcoins'

The easier way to identify shitcoin is to go through their website and check the promises, if burn rate percentage return to holders is slightly to be a scam project in the sense that after a short period of time the price of the token will be worth less.

This is a fairly common experience among cryptocurrency investors and highlights the importance of discretion when choosing assets to invest in. The cryptocurrency market, especially the altcoin segment, can be highly unpredictable and influenced by various factors, including market conditions, technological changes, news and circumstances surrounding the project team.
It is important to conduct thorough analysis before investing in any asset, including assessing the project team, technology framework, public perception and potential risks.

All coins that have a price and are traded cannot be called shitcoins, it’s sad when a coin just lies like a dead weight. I can't remember a time when coins came to life and became popular, and unfortunately, this is the case where any altcoins can become shitcoins, except those that are still in the cryptocurrency market performing their main functions.

I will never fall for this trap where the owners of the coins make big predictions about their coin which has not been even available on to the exchanges. If the team is hyping too much about the coin and if their giving lot of yields and some bonuses etc at the launch of the coins which seems unrealistic ones then it's better to stay away from that coins. I agree that it is not possible to know in advance if the coin will perform well and not it will only depend with the passage of time how the teams react and take the project seriously.

Other thing to notice here is that we should see the fundamental analysis of the coins which includes the total supply of the coins as most importantly how much coins are stored with the owner. If most of the coins are with the owner and the team, this mean that they could dumb the coin anytime and run away with the project. Many people do not know how to look at a total supply and the wallets holders of the coin and they usually get fall for this trap.

   Most likely, the altcoins you invested in did not do proper research, or maybe you were just carried away by the hype and you just bought them and believed they would go to the moon, which is not the way to choose an investment, here in the crypto space.

  You know for a fact these days that there are a lot of potential altcoins in the market if you just do the right thing in this field of cryptocurrency. Maybe at the time when you invested, the altcoins that were really potential were only passive, so there was little that could be said to be potential.

If you like cheap crypto in your view, but clear in terms of fundamentals, you choose those that have been listed on favorite cexes, such as OKX, bybit and binance. Because on these exchanges there are many shitcoins that you might like in terms of prices in the past. Although for me it is too expensive but it is the cheapest for altcoins that have been recognized on each exchange ladder. For me, the risk is always there and because I like to participate in ann an altcoin including shitcoin, of course trying even I often participate in presale even if it's just 1-5$, it's enough to make my pleasure and satisfaction even though it's instant, I underline what I do is what I can bear the risk. Not because every thing I buy I hope will come to a miracle or welcome in rapid results. Instead of thinking between regretting not buying at the beginning of the sale and shitcoin is too pump tinngi or enjoying the purchase even though taking a profit as necessary.

       -   It's hard to identify shit coins nowadays because they make their websites well, and you won't think it's a shit coin or a scam in the end. Because today's scammers also allocate an allocation budget for the target amount they will take from their victims, and when they have reached their target, they exit immediately.

When it's all hype and there's no development happening in their projects for the token, but it's just hype, avoid that right away. And celebrities are always using it, so you should be careful or research carefully before you invest.

That is why it is advisable to make sure that you have investigated very well in any of the altcoin that you want to invest on because you might be follow the influencers Who promote a particular coin there are promoting have the same potential or quality how do you invested in it and after a period of time the market cannot accommodate it any longer so that is why many people lose their coin was always their money

Sometimes those coins that will purchase and think that they might grow so that will make profit from them, sometimes what hinders them not to grow will it be as a result of lack of technology and lack of promotion to create and awareness concerning the coin and that is why so many of these hot coins that lack potentially die of during the process of bearish market.

Even some of them too does not die but they are increment will be counting very slowly neither you lose in the investment or you profit for the investment depending how relevant and recognize the project is to certain exchanges, it is okay that some of these coins that will purchase is a scam one and we don't know because of we don't ask questions or make a person research to know of coin before we purchase

Shitcoins are rather easy to spot at first glance, when one is not completely sure whether we are talking about one, then it is necessary to go beyond and check other characteristics of the coin, like their daily volume, the distribution of the tokens, the number of whales of such token, the liquidity in the market for such token/coin and the number of pairs which are available for such coin.
Some people will go as far as reading and analyzing the white paper of the coin/project.

In short, a shitcoin is a coin which does not solve anything, it is a solution seeking for a problem or it is a coin which tries to solve something which already has been solved by other major projects, like Bitcoin or Ethereum.

Also, it is important to keep in mind there is a clear difference between a shitcoin and a memecoin, most of memecoins are shitcoins but there are a few which are not.

Knowing shitcoins is pretty easy for those who have experience on loosing there money from this Altcoins. This shitcoins are mostly over hyped, their white paper lacks contents and texture, looks like it was drafted by a child with so much unfulfilled promises, they always force you into keep buying more during their dump, maybe after during there presale they find it difficult to list, they keep postponing the date for the listing and even when they list usually on a smaller Cex that is not reputable to the hype the Devs made from the beginning.
This Shitcoins do not even last a period of 6 months before the group chat becomes inactive and Devs account banned certain things are to be looked into before investing in them by using little or spare money and taken profit immediately after there first pump, because if they should experience a dump they are never recovering from that

Suppose if a project team gone to inactive then you can understand this is pure shitcoin or death coin. A shitcoin value decreasing everyday because There loss investors community. There social media sector gone to inactive even no any development. There project volume gone to zero then you can understand this is shitcoins.

By the time a project team goes away it will be too late for the community to get out of that project because by that time that team has already dumped their bags in the market to extract all the liquidity. You need to find a shitproject before launching it in the open market. There is a simple way to do that, and that is a shitproject that will try to attract investors by offering them high yields for their investment. You will see that those projects will give such a high yield that there won't be any projects in the market that can compete with them. So greedy people fall for them and lose their investment.

but it will be indirectly supporting these shitproject to scam people, I just think that its more ethical to not invest into these shit project at all because as you know already that these shit project are just basically made by some shady dev and will definitely be used for exit liquidity for the shady devs.
but considering right now that there are so many such shit project where some random just created coin and artificially added liquidity just to make it look "alive" to lure people into buying it and there are so many people actually interested in buying it is crazy.
its like a trend that has been existing from long ago and not ending, last time i see such similar scenario is in solana blockchain where so many random shitcoin are getting some pump and its not some measly low pump but 10-100x of its initial price and after a month the liquidity suddenly gone.

Not all altcoins can be said to be shitcoins because no cryptocurrency is perfect and each has its own strengths and weaknesses, but there are several steps to identify shitcoins. One of them is that if an altcoin has a low market capitalization then the altcoin can be said to be a shitcoin, thus such an altcoin does not have a lot of money invested in it and this shows that the altcoin is included in the shitcoin category and this is not a good investment step to take. A good altcoin certainly has many investors and a lot of interest long before its launch resulting in a modest market capitalization when the altcoin is first listed on an exchange.

We have to be vigilant in this situation but the saddest part is that no one will ever know for sure the shitprojects unless we are merely conservative in all our cryptocurrency dealings. We shouldn't be too forward but relax to see what the presales and the listing will look like, even some projects are too risky to commit the money into during the presales and immediately after listing them. It is all about being careful and conservative with them. There are categories of shitprojects, some are solely for scams, and others are not scams but since they didn't perform, the brains behind them will then outsmart people with their money.

Above all, the best projects to invest our money in are the ones that have spent at least months and are doing well. This might be needed for patience's sake because if it can survive after some initial times of struggling, then they have good project potential as they have survived the test of time, nothing could be worse than that. However, the die-hard community supporting the project equally matters. And yes, greed is part of it, that was why I mentioned being conservative. Many would want to rush in so that they are the first set of people in line to partake the most in the new project, but the risk is also much and if care is not taken, they will rather lose than gain more. But this has made some people to be rich as well, so it is not so foolish to be greedy in the things of investment. ;)

Altcoins carry many risks.  Investing in altcoins involves risk.  But you can invest in Bitcoin.  The price of Bitcoin may fall but it will not be a scam.  But if you hold for a long time, you will recover your losses and may profit.  But if you have the ability to take risks then you can invest in altcoins.Otherwise you should go with altcoins.  And if you want to invest in altcoins, do a good research on which coin to invest in.  And take a well-informed decision

Alt coin is a very risky medium for your investment if you have invested in any alt coin then you have to take that risk because alt coin often scams for various reasons so before investing in any alt coin their website
 See their future plans, see what they are working on, how active their team is, whether they are listed on any exchange, and you can invest in them.

Their are few altcoins that are reliable in the market to invest and their are lot of shitcoins in the market which people needs to be careful and get better knowledge before they invest in it. If you want to know if an altcoin is a good coin to invest in , you will get to know more about the coin with the white paper and roadmap, and the coin is in well known and big exchange. This features can be use to check if a coin shitcoins or not.

right as @Y3shot said, there are many ways to identify altcoins that can be said to be shitcoins. one of them is by seeing if the coin is already on a credible crypto exchange. because an exchange will definitely sort out what altcoins they will list first.
It is also necessary to see the community of the coin, if the community is not much, it is certain that the market capitalization is bad and over time it will be abandoned by the community and become a junk coin.

It's really true that most greedy people buy the shit project feeling the pump of getting rich suddenly. But these are really fraud traps because they pump shit tokens for a very short period of time so that investors buy their tokens greedily. Instantly frustrating so research well before making every small big investment to avoid losing mone.

Don't think there is any ultimate project to identify shit project in crypto. Some times the one you think are Genuine ends up to be a loss where the one are seems like scam turns out to be a success .So its very hard to identify good and bad ones at times just make sure research before making any crypto-investment to minimize risk that's just it .

Its characteristics can be seen from its small market cap and low trading volume. And usually only listed on Dex and on some of the lowest ranking Cexes. Usually they do not take projects seriously. Or just made to be pumped and thrown away. That's why many shitcoins are just created to be listed on some dex and while waiting to be listed on CMC and the price goes up and then after that experience a continuous decline until they have no value or their value is very low. They are indeed like altcoins that failed to attract investor interest. and actually many shitcoins appear every day.

Unfortunately, it is not possible to immediately recognize what an altcoin is, scammers try very hard to disguise their project, attracting second-rate advertising on social networks. Pay attention to what the developers promise, their ideas may be too inflated and exaggerated and do not correspond to their potential results. Shitcoins are dangerous, you should always control their activity in the cryptocurrency market.

Shitcoin does not have durability and most of them are created for short-term purposes, altcoins are identifiable to me because Bitcoin has it own logo so no matter how developers hide to give the wrong impression once you are conversant with crypto settings, you must know the tricks, there are many coin curated today by so called developers speculating to investors that such coin has a potential of dominance over other coin, once you here this, just know that it is the so call shitcoins because there market speculations are too encouraging to the extent that if you don't take time you will fall victim.   

as an investor, I went all in on them altcoins, thinking they were the real deal – hype was lit, teams were solid, and the community vibe was on point. But damn, turns out most of those altcoins pulled a scam move on me after a while! I'm scratching my head 'cause some of these coins were supposed to be the next big thing, but they dipped for no good reason. Now, my wallet's loaded with hundreds of dead shitcoins. It's a wild crypto ride, man
research is not enough.

Don't know any technic or strategy yet for find out shitcoin. Analysis, research are important but with such thing, no guarantee that a token won't turn into shitcoin tomorrow. Its tough and hard to find out. Thats why it is better idea to pick your altcoins from those which coins are already available in market. Even you may choice a altcoin with 1000th rank on cmc if you think that coin has potentiality for future. Thus such process is work. Although a good altcoin also trun into shitcoin if its efficiency start descreasing everyday

Shit coin occurs because it is a scam and fails. The two are different, a scam means the team deliberately commits a crime and failure can happen because something undesirable happens and it happens outside the team's control. Indeed many new projects become dead projects or shit coins because competition in the crypto market is very tight, but if you are just a bounty and airdrop hunter, you don't need to worry too much about this.

Yes I agree with you investing in already established coins as a newbie in the crypto space could be a wise decision as it gives you that opportunity of learning about other new coins while already in the market however the honest truth is that the market is filled with uncertainty which every individual should have in mind Incase things goes the bad way.

In fact, it is very difficult to identify whether an altcoin is a shitcoin when it is still being developed. However, there are several things that are identical that these altcoins might become shitcoins in the future. The things I noticed were that there were no recent developments in the altcoin. Even the admin is silent and never goes online or communicates with the community. In addition, the quality of the product has decreased drastically, and the price of the altcoin tends to decrease over time.

Altcoins are considered as shitcoins when a coin is in the market but the trading volume and marketcap are low and its price is highly volatile then it is too risky for investment then that coin is called shitcoin. And Shitcoins are slowly dying from the market. so those who invest in Shitcoin have the possibility that their investment will become zero at some point. so it is better to invest in Coinmarketcap's top 50 coins to avoid shitcoins. Because Shitcoins can hardly come to the top position in terms of market cap.

Of course, to identify a shitcoin, looking at market capitalization is the main thing we have to pay attention to, and if the capitalization is very low, for example the capitalization is less than 100 million or lower than that. This is a shitcoin which means not much money is invested in it, and this shows that shitcoins are not a good or questionable investment.
And if over time the market capitalization continues to decline or even falls significantly, that is a bad sign and it will eventually die. And having top atlcoin is the best choice especially top and oldest altcoin.

That's why i mentioned for Top 50 coins on coinmarketcap became 50th coins marketcap is more then $2200 Million. op also can keep focus on top 100 coins from coinmarketcap became 100th number coin also have more then $800M marketcap. But that coin cannot be trusted 100% only if it has a high marketcap. Because we have seen the differences of previous FTT, LUNA, USTC. so always be careful when investing in altcoins.

Permit me to say that most of those altcoins are Wolf in sheep clothing. Most of them look so real and legit but only for someone to find out that they are fake coins and it's annoying after investing and the coin has taken a bull run and later drop to nothing and refuses to appreciate again.

my opinionBefore investing, it's always a wise move to conduct your research, as you're taking a risk with your hard-earned money. Spotting low-quality or "shitcoins" right from the start can be challenging, so it's a good idea to stick with well-known options like ETH, BNB, and others.

If certain project hits one of this flags (and there are more), it's a shitcoin and most probably a scamcoin:

• It was premined
• It has a dev-tax
• It's not running on PoW
• There's a company behind it
• It started as ICO
• No real world utility
• It promises a lot but present nothing
• It's not open-source
• It uses experimental cryptography without proper, respected audits
• If one of the devs behind has bad reputation in past cryptocurrency projects (rugpulls / etc)
• It's not running it's own chain (token)

Exactly such coins at the starting point show the pump that people easily get trapped into these scam projects because people are greedy so they will obviously choose that coin which grows faster but after putting money into such coins they just feel sorrow but can do nothing.

Such types of coins if one is reduced in price then they never achieved that higher worth back because the main purpose of creators has been fulfilled. Scam projects are worthless to invest and if it seems like shining stars at start then investigate about it as every shining thing does not remain useful forever.