Post
Topic
Board Altcoin Discussion
Re: How to identify shitcoins?
by
fzkto
on 03/10/2023, 15:25:51 UTC
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.

Aside from a strong technical analysis, there is one important metric that you need to consider: the community. Shitcoin projects that manage to produce significant returns are fueled by the underlying community. This means supporters, celebrities, and influencers who pump up the value
I guess community can't always be a good criterion to analyse. Yes, many famous people advertised the scam, but it was just hype. But you should understand that they pay money for advertising and no one forces you to buy such coins. After all, the profit from it only for the creators, not for you. Probably the main criterion will be the development and availability of developers, which can be viewed on github.