Hello Hive
The same way weak hands fall out during Crypto bear, weakcoins also go extinct.
Investing in Crypto may appear to be the easiest thing ever until you watch your tokens or its net worth go down the drain.
You don't just wake up and buy any tokens or a coin you hear people hyping on twitter that it is going to make a 10X gain in few months, there is just a whole lot you need to know before buying a token unless you are ready to buy what they call a shit coin.
Until date I can say that I haven't gotten much knowledge about coins even after spending 2years on hive.
And maybe because hive has spoiled me through their blog to earn where we acquire more hive tokens I didn't bother to check, invest or read more about other tokens or if these tokens have some good potentials.
I have picked some tiny bits of the almighty bitcoin, ether and BNB, whatever happens I believe in this for now on no basis at all but that bitcoin and ether are the first two Crypto token.
I also heard of defi tokens but the only ones I have picked and have been farming is the defi tokens on hive, Cubsperforming ubs, maybe I could drop by to see how they are performing in this bear market, literally most times I just buy and lock tokens till I hear some goodness around them.
Shitcoins/weak tokens gets washed down the drain during a bear market, prices go down so low until they are worth nothing right.
It is a common thing to hear that folks lament how they have invested in these shit coin or lost their money.
How can a token crash
What happens before they go into extinction
And how do we recognize if they were never genuine tokens for investment in the first place.
My first near experience was that Luna crash, some tokens could even crash even if it is not a bear market season.
So my basic questions still remains on how can we recognize a shitcoin or tokens tokens not worth investing in.
What should we lookout for?...
Sometimes in a quest to pick some tokens at their cents ir below the cents value we pickup some shitcoin, these are usually newly created tokens and we make little or no research behind their owners and developers.
Every quality engagement about my enquiries regarding shitcoins will be highly appreciated.
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