Determining A ShitCoin

[TheReverend]

yes many new ico pops up, and if we are increasingly difficult to distinguish them because they do it better each time.
now a lot of ico are circulating with low gwei they are doing promotions but and it works the interest of most people, buy coins at 10 gwei prices and sell them at 40, and then die, over and over making new ico again.LOL.

[aggress0r]

Sh*tcoin is almost 90% of all the upcoming and 2018 ICO's to my mind.
The origins of this garbage can be:

• Scammy project that never aimed to be developed just to grab investors money and flee.
• Popularity of crypto spur some developers and enthusiasts to create their own coin (a lot of them are masternodes) with poor roadmap and sometimes even the community and even bounty campaign can be established but with no further development it remains garbage   
• Struggles during project creating and ICO stages
• And more.

It is difficult to determine what a crap coin is. It can be traded and even be presented in CMC but has no particular interest is incredibly volatile and unstable, with low cap therefore can highly pumped and dumped.
This is my personal determination to date and can be added.

[vioreltet]

Can also search for team if there are photos take from someone else, but not all coins show team

[pro100j]

now its harder determine $shitcoin, cause i saw a lot of projects with the team, good website, a lot of activity and other stuff, but for regular user without good research its almost impossible to do it, cause if year ago i was 80% certain that project seems legit, now its about 5% only, cause we saw a lot of scams and projects that became dead and $shitcoins

[Omegasun]

now its harder determine $shitcoin, cause i saw a lot of projects with the team, good website, a lot of activity and other stuff, but for regular user without good research its almost impossible to do it, cause if year ago i was 80% certain that project seems legit, now its about 5% only, cause we saw a lot of scams and projects that became dead and $shitcoins

If it have product and have active team as well future development then it might be worth having, those ICO that seems to be a duplicate project of others are not to be taken seriously.

[didzi]

now its harder determine $shitcoin, cause i saw a lot of projects with the team, good website, a lot of activity and other stuff, but for regular user without good research its almost impossible to do it, cause if year ago i was 80% certain that project seems legit, now its about 5% only, cause we saw a lot of scams and projects that became dead and $shitcoins

yep,, need a good experience to determining a shitcoins,,
mostly people watch their team,, a shitcoins will show a fake team member
and when the shitcoins listed on exchange,, their team was not active to develop their project,,
so, everyone should beware at this moment

[Hc01]

We already know that in the world of cryptocurrency we have valuable projects and platforms and at the same time as if existing in the parallel but intertwined universe are the shitcoins and there are many of them in the market today and more can be coming up soon. A shitcoin refers to a worthless project using cryptocurrency platform that is put up just for the sake of making money and nothing more. Of course, there are many types and forms of a shitcoin...and sometime determining one can be difficult that's why many innocent investors get victimized and can be victimized with their hard-earned money.

Aside from the usual reading of the WhitePaper and the scrutiny of the team behind if they are real or not...what other things do you use to see if one project has the potential to just be another shitcoin?

Sometimes I do investment to sihtcoins with little amount, if they are not scam project and I can trust to team I choose one or two coin after my research. When you are determining for investment, first rule must be this; marketcap must be 200-300k dollar maximum.

[pro100j]

now its harder determine $shitcoin, cause i saw a lot of projects with the team, good website, a lot of activity and other stuff, but for regular user without good research its almost impossible to do it, cause if year ago i was 80% certain that project seems legit, now its about 5% only, cause we saw a lot of scams and projects that became dead and $shitcoins

yep,, need a good experience to determining a shitcoins,,
mostly people watch their team,, a shitcoins will show a fake team member
and when the shitcoins listed on exchange,, their team was not active to develop their project,,
so, everyone should beware at this moment

yeap, but all this things should be regulated by some pro, similar users like us on the forum or somewhere else almost in 99% of cases never find out for sure is it scam or not, but for now icos number is raising, but funds that they collect on ico is fall in 10-20 times, so no one shows ethereum addresses with the proof of deposits, just some number on the site 

[jacafbiz]

You do not give a definition for Shitcoins, to me they fall into different category because there are some that mere reading through their website you can understand that the project is going no where and are just here to raise money, there is another that have good idea but no real team behind it to make the idea a reality while another is a good project and relatively good team but have nothing to lose, sell their tokens and leave the project to die.

[pinkman12345]

Team, motive, feasibility.
Look for all three..
There may be some icos who are still fake but will have these 3 qualities so better be aware of team personally via ama or live hangout sessions.

[labilaab]

Very true.I am twice fooled by this kind of shitcoins also before even doing research.I don’t know where I lacked, maybe by not doing it full time in research since doing crypto is only my sideline since I have a job. In my own opinion, maybe by investigating the legitimacy also of the team dev and members by examining their linked in account or twitter. In that way we can truly assure that they are really legit.

[Bezobraznike]

   Everything can look good on coin, but deep in side something can be so rotten that it will lead
entire project down the river. Shitcoin is when there is some flaw in the project, that flaw can be
in idea, in team, developing, lack of knowledge, or anything else connected with project.
   Shitcoin can be recognized from the beginning, but it`s not necessary to be like that. Some flaws
are hidden very good. That is why we need to be careful all the time. We need to follow projects and
learn about project all the time, just investing is not enough.

[go4crypto]

There are plenty of ways to detect shitcoins from checking the team to their social media updates and more. The amount and time taken to raise even soft cap is a very easy indicator and if a project cannot even raise its soft cap in a month or two, then steer clear of it.

[adaseb]

Basically its all relative and it matters who you ask.

The Ethereum people think BTC is a shitcoin.
The BTC people think Ethereum is a shitcoin.
The ETC people think ETH is a shitcoin.
The BCH people think BTC is a shitcoin.

And so on and so forth.

So its all depends on who you are talking to and most likely what they are invested in. Most people only support the coins that they own because its all about the profits for them.

And the fact that they don't have active developement doesn't mean much. Look how many millions was raised in ICOs last year for a simple idea, website and a whitepaper.

[Stavri]

if team is anonymous, if they are escaping from giving clear answers, if they answer questions but hiding something, you can eassily understand that they are not honest and their project is a potential crap.

[yugyug]

It should be ShitToken instead of calling it a ShitCoin, Many projects are Ethereum's ERC-20 based token and creating an ERC-20 token are easy job to c by developers. Whitepapers are easy to edit and easy to copy that's why there are lot offering this kind of service roaming around this forum. A project with no working products and poor community support are one of the indicators that it is a ShitToken/ShitCoin. Having a large member of telegram community does not guarantee that the project is good and if the token/coin are not listed on exchange before the project ends then there might be a possible that the project will end like shit. See to it that the team members are legit and have a good exposures to media and marketing.

[dobladi]

We already know that in the world of cryptocurrency we have valuable projects and platforms and at the same time as if existing in the parallel but intertwined universe are the shitcoins and there are many of them in the market today and more can be coming up soon. A shitcoin refers to a worthless project using cryptocurrency platform that is put up just for the sake of making money and nothing more. Of course, there are many types and forms of a shitcoin...and sometime determining one can be difficult that's why many innocent investors get victimized and can be victimized with their hard-earned money.

Aside from the usual reading of the WhitePaper and the scrutiny of the team behind if they are real or not...what other things do you use to see if one project has the potential to just be another shitcoin?

I do look on the popularity of the project to determine which coin would be profitable once relwased on different exchangers. If a coin is not that popular during its crowdsale period there is a huge probability in my opinion that it would have a lower market value than its ICO price resulting to profit loss. But since the market at this moment is on continuous downfall, majority of coins are considered as deadcoin upon the listing in the market.

[Fulmand]

You do not give a definition for Shitcoins, to me they fall into different category because there are some that mere reading through their website you can understand that the project is going no where and are just here to raise money, there is another that have good idea but no real team behind it to make the idea a reality while another is a good project and relatively good team but have nothing to lose, sell their tokens and leave the project to die.

We can't really conclude those low valued coins will surely be at the shitcoin lists. As long as we see that their trading became no moving and the activity with trading was not doing good, maybe that's a candidate for shit ones. But if a new launched coins will have good project roadmap and the development was actively taking more updates, it couldn't be included to shitcoins lists and yet will grow at profitable price.

[tapaibuccok]

We already know that in the world of cryptocurrency we have valuable projects and platforms and at the same time as if existing in the parallel but intertwined universe are the shitcoins and there are many of them in the market today and more can be coming up soon. A shitcoin refers to a worthless project using cryptocurrency platform that is put up just for the sake of making money and nothing more. Of course, there are many types and forms of a shitcoin...and sometime determining one can be difficult that's why many innocent investors get victimized and can be victimized with their hard-earned money.

Aside from the usual reading of the WhitePaper and the scrutiny of the team behind if they are real or not...what other things do you use to see if one project has the potential to just be another shitcoin?

besides wp, usually I also see the seriousness of the team in the road map and their activity in the forum or telegram, I can't trust people who often disappear

[onirecon2018]

I usually monitor the volume of coin on the exchange, if a coin has a volume that is too low for under $ 1,000 a day for a long time, then I really doubt it's a shitcoin.