Post
Topic
Board Altcoin Discussion
Re: How to identify shitcoins?
by
Furious 7
on 16/11/2023, 21:54:34 UTC
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.
You speak as if shitcoin has progress for the future or when the bulls arrive. Don't get me wrong, I don't mean to make you bad but your statement could be misleading to others because at the end of the day we have to understand shitcoin's performance for profit is nothing but a pump and dump scheme. It doesn't matter how their development team works or the supply of tokens they have it still works the same way because in the end the scheme they do to make a profit is to lift with an unreasonable pump after they get a profit that they feel is enough then it will be dumped and let beginners get caught up in it. Things like this even though there will be many people who deny it including those who like shitcoin but this is a fact that must be known especially for those beginners who hope for more shitcoin.