Bitcoin is a digital currency which is the king in the cryptocurrency world and all other coins are ministers.
"Ministers"? Haha.
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If you look around you will notice that people are reluctant to give details on shitcoins, or give examples that are highly controversial. Bitcoin is undoubtedly the king of the crypto market because when Bitcoin falls all cryptos fall to a higher or lower degree, but when Bitcoin rises, altcoins do not rise to the same degree. You can make good investments in altcoins and shitcoins, if you know exactly when to get in and out, but not for long.
As a point of empirical observation almost any currency other than bitcoin will look like shitcoin at some point. We observed that many people lost hundreds to thousands of dollars of their money to Shitcoins.
As a "point of empirical observation", and once you gain some understanding on how Bitcoin actually works and how its incentive-structure is making everything stick together = ALL altcoins will look like shitcoin scams compared to Bitcoin.
Perhaps those altcoin developers know that too, and they will never admit it.
¯\_(ツ)_/¯
Someone introduced me to a certain shitcoin years back and told me how a lot of people has made huge amount of money for investing in all manner of shitcoins, so I invested in it and as time goes I was still holding that shitcoin but I lost my money because it dropped in value I later discovered that the creators of the coin sold of all the coin they were holding and they were the highest holders that was the reason why the coin dropped till date the creators made huge amount of money and we the investors lost.
But at least you have learned the hard way, and the HARD WAY is probably the ONLY path for MOST individuals to truly learn the actual lesson.
I too was persuaded to buy shitcoins. Some of them were actual experiments that may have actual benefits for the search of the "perfect cryptocurrency", some of them were built by honest developers who have an actual hypothesis. But the main benefit - Their experiments proved to themselves that they were mere shitcoins.
