Shitcoin Trading – Altcoin Trading Platforms Reviewed
Altcoins is the name for alternative coins. Shitcoins is the more precise name for them as they do not have a real purpose or utility – their main reason to exist is making the creators rich and stealing your precious Bitcoin. All crypto currencies traded as an alternative to Bitcoin fall under the term Shitcoins.
The Shitcoins have a lot in common with the Bitcoin. They have a blockchain and can be bought on various platforms and crypto exchanges, and stored in virtual wallets. Like the Bitcoin, these coins can be mined and have been and still are created to provide an alternative to the Bitcoin. But they lack hashing power, a solid development team and most are just vaporware, some ideas written on a whitepaper from a guy who earns $5 per hour.
Why are there Shitcoins?
Why there are Shitcoins is obvious. The Bitcoins principle works, so different developers want to benefit from this trend or hype with their own project. Shitcoins, there are more than 1,500 different ones, have a different value than the ancestor of crypto currencies. People are always looking for the “next Bitcoin” – so there you have it, thousands of Shitcoins compete to take your hard earned money and rip you off.
Most Shitcoins are noted on Coinmarketcap.com and everyone can regard here the individual development of the individual crypto currencies. As with Bitcoin one can buy the coins cheaply and hope for a large price increase. That is what we call Shitcoin Casino. The trading platforms reviewed on this website can also be refered to as “Shitcoin Casinos”.
What are Shitcoins suitable for?
First of all: Taking your money / taking your Bitcoin and making the creators or Market Makers rich and you poor. Read this story.
Shitcoins should never be bought for a long-term investment, they are only suitable for trading on the individual Exchanges / Casinos and trying to increase your Bitcoin stack through playing the pump and dump cycles they go through. That is appealing to many people, thats why they trade these Shitcoins. They try to buy Shitcoin #1 low and sell it higher, move on to Shitcoin #2 and repeat the same game. As there are thousands of them, they can play a long time – till they are out of money / Bitcoin. Shitcoins can be traded on the exchanges in a similar way to Bitcoin.
The best known Shitcoins are of course Ethereum, Dash, ZCash, Ripple or Monero. While we are not sure about Monero being a Shitcoin – all others are for sure. Even if many of these coins are traded at an extremely low price, they can increase enormously (pump) in a very short time. Even if the Coins can never amount to what Bitcoin promises (sound money without inflation, secure and censorship resistant) the price volatility of Shitcoins is partly dizzying. That attracts a lot of people who want to gamble – so we decided to provide you with an overview about the most popular Shitcoin Trading Platforms.
Shitcoin pump examples:
One of the big winners in 2017 was the Shitcoin Neo. In the course of the year, this increased by an incredible 48.400%. If you had a nose for it, you could make a profit of 48,000 USD with Neo in 2017 with a stake of only 100 USD. Impressive, isn’t it? Or the Shitcoin “Verge” which was promoted by John Mc Afee, cryptos little retard grandpa. It pumped about 20.000% within a few months – just to leave thousands of poor guys as bagholders of a worthless piece of digital crap.
New Shitcoins have a lot of potential but also a lot of risk
Who wants to “play” a bit with Shitcoins , should buy some for little money and never get attached to them. Buy them low, wait for the pump and sell that shit fast. Don´t ever HODL Shitcoins – it will make you go broke. The only coin which will hopefully survive is: Bitcoin. If Bitcoin goes down – “Crypto” will be over. Always remember – there is no “Crypto” or “Blockchain” – there is only Bitcoin.
Now, have fun gambling your live savings away or win big and buy a Lambo!