Quote from: @sriyan on Today at 10:36:32 AM

Quote from: Tahid12 on August 25, 2023, 10:08:22 PM

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.

This will happened to every altcoins. If you are investing on long time, it is better to invest in bitcoins. If you are short time investor, you can invest altcoins, but you have to take profits end of the market cycle. Otherwise it will be huge loss.

How to identify the shitcoins?

1. Unlimited supply
2. no usecase
3. No major development from the project side

Even shitcoins perform so well during bull markets. You need to analyze many parameters like token distribution, project deliverables, developer team, etc. in addition to the parameters mentioned above. The process is fairly difficult, yet worth it. Else, it's best to exit while you have some profits.