2017 is when a vast majority of people started looking at cryptocurrency for investments. And if you're the person who wants to make a lot of money with crypto, then take this article seriously! 5 Ways to Spot a Shitcoin No whitepaper - This should be a big red flag, a whitepaper details everything you need to know about the currency before making up your mind if you want to invest, purchase or use it. An idea may be great, it may be revolutionary, but with no whitepaper, the project simply looks shady and un-serious at best. Shitpaper- LOL, shitcoins will have a whitepaper just for the sake of having it. If after reading a whitepaper, you still don't know what the coin is set out to achieve then chances are that you are reading shitcoin whitepaper. If the whitepaper just explains what blockchain and bitcoins are, then it is likely fishy. Look for specific details about their project. Unfair wealth distribution - If a certain individual or a group of people control a majority of the coins, then it's a bit unfair. This makes it centralized' and the purpose of decentralization is defeated. Governance - Is there a system through which everything's control. Who gets paid what? For instance, validators (miner) get overpaid it can lead to too high inflation which is bad for the stability of the price, won't get into too many technicalities here. Technology- Any coin and the associated product should assure investors of 2 things: Reliability & Security. Although the blockchain technology is quite robust, it's still prone to threats the best way to securing & safeguarding anything, is to prepare for the worst.