ALT COIN OR SHIT COIN, WHAT'S THE DIFFERENCE 🤔🤔



This is a question that gets many new investors confused. Many noobs to the Crypto sphere mistake an shit coin for an Alt coin a lot of times and when their money goes down the drain when the shit coins loses it value, they begin to cry and they join the "Cryptocurrency is a scam" train. So today I want to explain what an alt coin is and what a shit coin is, so you'll be wiser and lose less money from shit coins disguising as alt coins all to scam you and shit on you (😂😂😂 did you see what I did there).

So the most basic definition I can give to Alt coin is any coin apart from Bitcoin. That is an Alt coin in its most basic state, it is not Bitcoin. Ethereum is an alt coin, so is BAT, and 1UP, and BnB and XRP and Dogecoin and Dash and so many other coins. Alt coins have potential and a technology that can undergo mass adoption. For instance, the Ethereum Blockchain hosts thousands of other Decentralised Apps. This is a technology that has a lot of potential and is experiencing mass adoption so it's a valid alt coin. Same way the XRP, Dash and Doge seek to make finance and sending money very fast and hassle free. These are also technologies that will experience mass adoption and can be keep growing as they have a lot of potential. They are all alt coins.

Now a shit coin on the other hand is quite different. A shit coin is also known as a scam coin and it is used by its founders to scam unknowing members of the public of their money. A shit has no viable technology and the founders try to appeal to members of the public to invest with false hope of massive rewards. Now the sad part about a shit coin is that when people invest in a shit coin, the founders then dump crazy amount of the coin on the market and crash the price. So they make money and the investors lose a ton of money.

So now you know that the major difference between an alt coin and a shit coin is that an alt coin is any coin other than Bitcoin but with a viable technology and can undergo mass adoption while a shit coin has no technology and deludes investors with false hope of large rewards. Hope you do something good with that piece of information.

Brain Teaser: If all shit coins are first alt coins, are all alt coins shit coins?