How to identify shitcoins?
How to identify shitcoins?
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.
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.