Post
Topic
Board Altcoin Discussion
Re: How To Spot a Shitcoin?
by
Shallow
on 02/03/2020, 10:51:40 UTC
There is no shortage of coins and tokens in the crypto-industry. How many of them are any good is the question.

Evaluating the economics, technology, and marketing of just one project is hard. There are thousands of projects out there. It’s impossible to come up with a universally applicable method to tell good projects from bad ones.

Yet, somehow people get by and manage to navigate among all the options in the cryptocurrency market. How?

When there are too many things to choose from and the time is limited, people, animals, and computers sometimes use heuristics—problem-solving approaches that aren’t necessarily optimal or rational, but they work well enough in most cases and save some time if you’re lucky.

https://forklog.media/how-to-spot-a-shitcoin/

Exactly, there is no shortage of coins and token in the cryptocurrency space all that is needed is due diligence on the ones with adequate growth not growth based on hype etc. Seriously, it is hard to say the percentage that are good as there are many worthless coins but there are few good ones out there which needs more study and time to pin point them out. In order to point them out, you would need to ask the team challenging questions, visit their website, social media accounts, GitHub etc to get first hand Information; mostly be careful of pump and dump coins.