Tron Fan Club| Meaning of Shitcoin and how to profitable it is - By @solexybaba| 10% payout to the community account

Image edited on Canva

Hello to everyone here in this great community known as the Tron Fan Club I welcome you all to a beautiful week before us all. hope we all had a wonderful weekend. Today I will be talking about an interesting topic in this wonderful community which I have titled meaning of shitcoin and how to profit from it. it is indeed a great topic to talk about regarding the crypto world. so today I will be discussing with us all, what it is and how one can profit from it. so sit tight and relax while I drop my entry.

WHAT IS A SHITCOIN?

Source

The world shitcoin is also called shit currencies and they are also considered just like other cryptos that emerged from the crypto world with the first crypto that emerged which we all know as the Bitcoin was also a shitcoin before it was introduced in 2009 and after that, we got to see that the bitcoin was indeed a success which we noticed many investors who purchased the bitcoin as at then became millionaires. as so on that note, seeing that the bitcoin has profited many investors, other projects began to float into the cryptocurrency world, and to date, others are still coming in. this is as a result of the first project that was introduced, with the notice of this coin profiting investor most especially the early investors, people are now diving into other shitcoins with the hope of making profits from them.

The Ethereum token was the next in line after bitcoin. seeing that bitcoin was a huge success after investors saw that it was portraying profitable signs and with it, the nice project became well successful, the Ethereum took from that trend and as we all know, the Ethereum was also a success with the fact that it also showed a remarkable sign of profiting investors. so after Bitcoin and Ethereum have shown a wonderful attribute of giving profits to investors, we then saw other projects swimming right into the crypto world in other to make a name and also to gain value at a price as we all have noticed in the case of the BTC and ETH.

Although, there I no doubt in the fact that the Shitcoins are seen as coins with no value and as such are also called shitty. the reason is that they have not proven to be productive in the cryptocurrency market yet and as such users have not had confidence in them because they are yet to stand their ground in the crypto world. and as such, it is unstable for these coins to be ranked as one of the most successful coins in time to come. so the guarantee of these coins to stand and gain value is not confirmed yet.

So before a coin gains value, there should be a persuasive attribute of that coin by showing or displaying a well-developed project and need to assure users that the coin is to be maintained accurately before it can be confirmed, or else, its project will not be trusted as though we have seen cases of other coins coming into the crypto world and in no time went down the hole because of inappropriate maintenance and unjustified projects.

So with all that has been said, the shitcoin is seen as a token with no value and thus users considered that unless it is Bitcoin, other coins are known as shitcoins. and also the shitcoins are regarded as coins with no importance, values, or significance.

HOW TO IDENTIFY A SHITCOIN

Source

Identifying shitcoins is not that hard, so in that regard, I will be putting down certain procedures on how to identify shitcoins, and they are as follows.

• Coin Holders -: Coin holders can be regarded as individuals that have these coins. so in the case of a shitcoin, we can notice that individuals that are holding the shitcoins are few because the token is yet to show signs of gaining value, as such the holders of such tokens are always lesser and between the range of 100 to 300 as the case may be. and seeing that we can now say the tokens are shitcoins.

• Anonymity -: Often time, we noticed that we do not know the name or names of certain shitcoins creators. they chose to stay anonymous since the token is or is yet to show signs of gaining value and as such, they prefer their identity to be unknown because they might want to work on the coins they create in other for it to gain value or they can as well be frauds who wants to do away with peoples money.

• Market Capitalization -: The token market capitalization of many shitcoins is much less than 4 to 5 billion in terms of supplies of these shitcoins alongside no circulating supplies of the shitcoins. so this is another way to identify a shitcoin.

• The shitcoins are not seen or listed on major exchange platforms -: In major exchanges, we get to see coins that are already listed because their project is nice and well confirmed so in that regard, shitcoins are not found on major exchange platforms and any token we do not get to see on these exchanges are regarded as shitcoins.

• Improper maintenance -: When we notice that some tokens are labeled alongside possessing many partners that are linked to such shitcoin, then we can conclude that such token is regarded as shitcoin as though the project is not being taken with all seriousness and focus.

• Shitcoins always have low ranks -: Many shitcoins are of low ranks although it is not every project has emerged to a higher rank, on the contrary, shitcoins are seen with lower-ranking levels below #100. so most shitcoins ranks are often within or below the rank of 100.

• Now the whitepaper -: The whitepaper can as well confirm the undoubtful fact regarding the coin being a shitcoin or not. this can be seen as a project trying to lure investors into it, by telling them wonderful things about the coins, telling them how profitable the coins will be and how stable they will become, and giving them hope to get large profit when they invest in the token, then such tokens are tagged shitcoins.

Now with the few points, I just listed above, one can be able to identify if a token is a shitcoin or not.

HOW ONE CAN POINT OUT A GOOD SHITCOINS

Source

In as much as we have gotten certain points that can help us to point out if a token is a shitcoin or not, now it is important to know how we can point out a good shitcoin as seen below.

• When we noticed that a shitcoin is been listed on a reputable exchange platform, then we can vividly say such shitcoin is a good shitcoin a though it has been listed on certain exchanges.

• When we noticed that a shitcoin has many many investors who are holding this coin, then we can consider the shitcoin to be a good one as though we may likely notice the increase in price value of the said shitcoin at any moment.

• When a shitcoin is been carried on various social media platforms with good talks regarding it then that is a confirmation that the shitcoin is in no doubt good.

IS IT POSSIBLE TO PROFIT FROM SHITCOINS INVESTMENT?

Source

Without a doubt, one can easily profit from it very easily and quicker than even one could profit from the standard cryptos. it has shown signs to profit users with better income and one can be richer with the shitcoin project.

Like I said some shitcoins have made investors billionaires such as the pitbull, safemoon, and of course the Shiba Inu tokens. the way these coins pumped profit to their investors is quite higher than I could ever imagine. I do not believe the Ethereum currency ever pumped profit in this manner. but this is not certain if the shitcoins would remain a though we get to see other shitcoins being pumped and get listed in other for other investors to pick an interest and then when they have purchased it, we may likely see that at the end of the period the creator might as well do away with investors money. so in essence the pumping of the token might be a way to scam individuals and rob investors of their money.

But then, in a nutshell, the shitcoin investment is vividly profitable to people who invest, but it is recommended that good and accurate findings should be done regarding the project of the shitcoin before one can invest in the shitcoin or not. the answer can be gotten from the findings of the said project.

SOME ADVANTAGES AND DISADVANTAGES OF SHITCOINS INVESTMENT

Source

There are basic advantages and disadvantages when one wants to invest in shitcoins. so with this one can then weigh his or her options if he or she is to invest in the shitcoin business or not.

Advantages of shitcoins	Disadvantages of shitcoins
- There are high tendencies of getting high profits from investing on shitcoins	- Returns on investment are in a 50/50 ratio. that is to say, there is no certainty that one will make profits from it.
- There are tendencies of one investing just a small amount of money and then getting high profits when the shitcoin is listed.	- The tendency of losing your money is ever-present, so profits are not guaranteed.
- In investing the shitcoins, always comes with a high risk and reward ratio.	- Many of the shitcoins we see today have certain fraudulent attributes and as a result of that, they may be scammers behind such projects.
- One gets to buy billions of shitcoins with a very low amount and tend when it rises or gain value, it will then profits an investor.	- The shitcoins are not stable and has no stand value, as such the shitcoin can be dumped in the future as though it will be considered useless.

So the above are considered as some advantages and disadvantages of shitcoins and as such one need to be careful but then where there is high risk there is high reward afterward.

CONCLUSION

Source

The shitcoins are regarded as any other tokens which we often trade all day, but the only difference between the shitcoins and other cryptocurrencies is that the shitcoins are not listed on reputable exchanges.

The shitcoin is low in value and price and as such many people see it as a coin that is useless and has no significance in price, the shitcoins nowadays are not seen as anything and investors do not see these coins as important as anything and many of these coins that emerge today are just for catching up and not because there is a serious project behind it.

But then with all that has been said, the shitcoins tend to make huge profits when eventually being listed. it profits investors that already took the risk in getting the coins before they got listed, as though it is an investment that is attached with a high risk and reward ratio.

Thank you all for having taken the time to go through my content. see you next time and do have a great day ahead.