Post
Topic
Board Altcoin Discussion
Re: How To Spot a Shitcoin?
by
Barbut
on 25/06/2020, 11:04:30 UTC
Sporting a shitcoin is not as easy as we think. Some projects actually do have some product but their marketing strategy doesn't fit the project thereby making the price dump heavily. Others have a locked source code while some others have major tokens in the hands of developers as they didn't do any ICO to sell their tokens. Its a complicated process identifying a shit coin.

It's not easy, and with some scams, we don't know they are scams until the last minutes. They cover everything, everything they do is good, they cover all they need, the project can look great and promising, but in one moment they just disappear. While some scams are simple and can be spotted quickly, with a first look
we get some red flags in the head, with some it's complicated.