Description: Shitcoin Trading – Altcoin Trading Platforms Reviewed Altcoins is the name for alternative coins. Shitcoins is the more precise name for them as they do...
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 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.
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