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?
Actually, many of them is a small understatement. The big majority of coins are shitcoins. If we believe the research that says 80% of ICOs are scams, then only 1 in 5 are not scams, and I bet you,,, half of those are shitcoins, so that leaves us with 90% scams and shitcoins.
The problem is that Shitcoins do not always have easily identifiable criteria. I mean,,, if they did, I would not have been cheated so many times last year
