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Rachel Welch

08 November 2022 65 Read Altcoins

What Are Shitcoins and Legitimate Investments?

When it comes to cryptocurrencies, it's important to know the difference between shitcoins and legitimate investments. Shitcoins are those that don't have a clear purpose or utility. They're merely a way to make money by using speculation in the market. While shitcoins may initially be a good investment, they may fail to live up to expectations and investors will lose money. However, they can be a great way to gain a small amount of money in a short amount of time and then sell them off before the currency has lost value.

The main difference between shitcoins and legitimate investments is their market capitalization. Most shitcoins have very small market capitalizations and are therefore difficult to invest in on larger cryptocurrency exchanges.