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.
Shit coins are crypto currencies that have no value for any purpose. How do we spot one?Developers are mysterious; the white papers have huge promises but no fixed road maps; projects seem to be copied or too generic; there are fewer holders; and there is very little liquidity. Shit coins are considered bad investments, especially for the long term. Mainly, there are several meme coins people keep pumping; these are shit coins. There is money to be made in the short term, but in the long term, they will get burned. Still, there are people who invest in shitcoins, knowingly or unknowingly. And many websites and videos, like how to find good shitcoins early that will pump 100x, crazy gains, huge profits, etc. So make sure you know what you're buying.
yes im agree and if I may add an opinion, i think Be cautious of cryptocurrencies that promise guaranteed high returns or make claims that seem too good to be true. High-pressure sales tactics and get-rich-quick schemes are common in scam projects.