Determining A ShitCoin

[jaja colleen]

For me I can call a token a shitcoin if it is listed for a long time into the Exchanges but the price has no improvement,as I observe almost of the tokens become a shitcoins even the TokenSale is not finish but they list their tokens into the Exchanges directly and the team is always making promises but they didn't make any improvements of their projects.

[ringgo96]

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.

now more and more shit tokens and of course it's a loss because we know that nowadays more and more projects are deceiving many people. they run away after getting their money

[pro100j]

yeap, it could be that thing that people could jsut dont like some coin, and love its analog and they will call it $hitcoin just cause they competitors. but by me on cmc easy to see $hitcoins, cause it is all that have market cap less than a 500k if this coin already have more than half year "life"

[suprex333]

It is difficult to detect shitcoin, this is a lot of people who are fooled and deceived by the form of a campaign, but can still be careful and research to avoid the shitcoin.

[Abu Shadow]

I decided to read this post because I wanted to see what other people really thought about crypto projects these days.

I for one distinguish early on whether a coin is legit or 'shitcoin' these days from the initial review, But what saddens me and makes me second guess my self is how these 'shitcoins' can somehow survive, then become semi valuable on exchanges. I always see coins with no real world use earn a real value and I am sometimes scratching my head on how people think this project is going to become something in the crypto space.

because many of those projects were just relying on their fake advertisement and creating hype to enter the crypto market without developing their real product. This is obvious but people were buying on it and I don't know in the long run if they will survive.

[acheampong64]

As for me, I think currently since many projects are not getting enough funds for their projects, people now wait and see how the coin will perform after coming into the market. Reading community chats and website as well as the type of news surrounding the project can help a lot in determining what a shitcoin could be.

[deadthings]

It is a project that was created only to speculate its price. He does not solve any problem and nobody needs it. Developers are only aiming to earn money on it and abandon it. This is in my opinion shitcoin.

[shinharu10282016]

I decided to read this post because I wanted to see what other people really thought about crypto projects these days.

I for one distinguish early on whether a coin is legit or 'shitcoin' these days from the initial review, But what saddens me and makes me second guess my self is how these 'shitcoins' can somehow survive, then become semi valuable on exchanges. I always see coins with no real world use earn a real value and I am sometimes scratching my head on how people think this project is going to become something in the crypto space.

because many of those projects were just relying on their fake advertisement and creating hype to enter the crypto market without developing their real product. This is obvious but people were buying on it and I don't know in the long run if they will survive.

Yeah, I agree with you. They rely on fake advertisements such as being listed in exchanges such as "M*&(DAJDLF" lol like it was Bittrex or any other greater exchanges. One thing I look at is the admin activity after the ICO. If they don't at least communicate with the community after that, it's automatically a shitcoin. Nobody buys a worthless crypto with no real team updates.

[Abu Shadow]

I decided to read this post because I wanted to see what other people really thought about crypto projects these days.

I for one distinguish early on whether a coin is legit or 'shitcoin' these days from the initial review, But what saddens me and makes me second guess my self is how these 'shitcoins' can somehow survive, then become semi valuable on exchanges. I always see coins with no real world use earn a real value and I am sometimes scratching my head on how people think this project is going to become something in the crypto space.

because many of those projects were just relying on their fake advertisement and creating hype to enter the crypto market without developing their real product. This is obvious but people were buying on it and I don't know in the long run if they will survive.

Yeah, I agree with you. They rely on fake advertisements such as being listed in exchanges such as "M*&(DAJDLF" lol like it was Bittrex or any other greater exchanges. One thing I look at is the admin activity after the ICO. If they don't at least communicate with the community after that, it's automatically a shitcoin. Nobody buys a worthless crypto with no real team updates.

Yes, speaking of fake advertisement... recently many token had been announced that they will be listed in a new exchanges and the exchange confirmed that they will accept for trading those token. This is a strategy to make hype on their shitcoin and then they will delay the listing until it will announce that it will be pause due to some technical problems or market situation. This is connivance between those developer and the exchanges to make money and we should be careful with our decision in choosing a right coins.