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.
It's actually very easy to know whether it's a shitcoin or not.
1. Go to cmc, there is full info on the coin you want, if it hasn't been listed, it's most likely a shitcoin.
2. Check the website, Telegram, Twitter and other social media. Usually from there you can see their progress, how they treat the community. If it's shitcoin, the Telegram group only contains pump and dump.
3. Check their website. good projects explain what their projects are like, shitcoins don't, just website capital, they list and rug. Shitcoin sometimes has a WP, but it's limited, and tends to be haphazard.
4. Use your heart. the feeling of a crypto lover knowing whether this is a shitcoin or not.
5. only buy bitcoins. you will be free from shitcoins forever.[/li][/list]