How to identify shitcoins?

[JeffBrad12]

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.

[bots1]

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.

[EarnOnVictor]

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.

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.

[MJSO22]

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.

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

[NNRR]

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.

[Y3shot]

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.

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.

[arjunmujay]

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.

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.

[Romeotom]

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.

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.

[cute nmp]

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 .

[BRINIRHA]

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.

[GlacierBIT]

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.

[Promocodeudo]

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.   

[Oxbro]

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.

[Jonyshake71]

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

[tengui]

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.

[Tmoonz]

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.

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.

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.

[OrangeII]

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.

[leonair]

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.

[bitzizzix]

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.

[leonair]

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.