Disclaimer:

This approach to investing is highly risky and should be taken as a means of information only. I’m not responsible for any losses and do not condone investing more than you’re willing to lose. I have personally used this method of finding new and upcoming cryptocurrencies to produce over 50 BTC in profit in 2017 alone. That being said, DYOR (Do Your Own Research).

What is “Shitcoining”

Shitcoining is my terminology for finding cheap, new or unknown coins that could have a potential profit of 2x or more. In reality I try to find coins that have potential to go 10x or more, but profit is profit. I approach the coin by either browsing new announcement threads or looking at cheap coins on CoinMarketCap.

New announcement threads can be found on the BitcoinTalk forums using this link: https://bitcointalk.org/index.php?board=159.0;sort=first_post;desc – Notice it is simply a link to the announcement threads but its auto sorted into the newest posts first.

Cheap coins can be found on CoinMarketCap using this link: https://coinmarketcap.com/all/views/all/ - Hit the “Price” tab twice and start browsing.

BitcoinTalk Approach:

Skim the BitcoinTalk announcement threads and look for keywords such as “PoW” “PoS” “Mineable” “Fair Launch” “Masternodes” “Airdrop” “No-ICO”. Stay away from threads that say “ICO” “Token Sale” “Auction”.

Why these keywords? These are usually new coins that can be mined and/or held by users to create residual income. Masternode coins are becoming extremely popular these days and usually create a large following. Fair launch, mineable, masternode coins are a recipe for a big following and can easily pump once it hits exchanges. Get in early, especially if you have the ability to mine, hold for the pump, stake in your wallet if available and sell high.

CoinMarketCap Approach:

Browse the cheap coins as stated above (usually 10 satoshi and under) and search through the mess of shitcoins for something that has a decent name. This can be difficult to find. For example: Stay away from things like “Mooncoin” or “TittieCoin” (yes I’m being serious) and look for something like “Electra” or “Shield”, etc. Think about what sounds like something you might want to invest in.

Once you find a cheap coin with a decent name behind it, click on it and look at the information provided via CoinMarketCap.

Look at the max coin supply and see what that is. Coins with a 30 billion coin supply will probably not be worth as much as a coin with a 500 million coin supply, even if they’re identical on pretty much every other level.
Look at the 24 hour volume. If the volume is less than 2-3 BTC, it’s probably dead. Continue to step 3
Look at the announcement thread link provided. If the coin is over 1.5 years old and still is very very cheap with less than 20 or so pages in replies, it’s probably dead, especially if there is hardly any volume. Look at the last few pages of the announcement thread, and see if there has been any recent movement.
Check the social feeds and website. If nothing has happened in forever social media wise or the website is down, it’s almost certainly dead.
So you found a cheap coin with a decent name, has 5 BTC volume or so trading in the last 24 hours, website looks decent and social media has been updated recently. These are all signs that I might be interested in investing.

What to do now?

Check the website and announcement thread for a roadmap. See what the plans are for the coin within the next few months or quarters.
Join the Discord/Slack/Telegram – Browse around and see what people are saying.
Go back to the coin supply and say to yourself “What market cap could this coin hit? What could the satoshi value hit?” I usually try to go by this model:
- Less than 100 mill coins – Could hit 5000+ satoshi
- 100-700 mill coins – Could hit 2500-3000 satoshi
- 700-1.5 bill coins – Could hit 1000-1500 satoshi
- 1.5-5 bill coins – Could hit 300-700 satoshi
- 5 bill+ coins – 50-100 satoshi
  - Obviously this can change from coin to coin (Check out Ripple or Cardano for example), but try to establish basics on what a coin could potential could hit easily.
Using this model, try to see what profit you could make at the current value of the coin. At this point I will invest. Justify to yourself if it’s worth investing in or not.
Sell when you reach your established satoshi model above

Notes:

Never get emotionally involved with a coin. If you’re in profit and you’re having to debate to yourself to keep holding, probably would be a good time to sell and make profits
If the coin is a staking coin (read the website or announcement thread), stake it while you wait for the coin to go up in value. I.e. MORE RESIDUAL COINS!
Cheap masternode coins are usually like stealing candy from a baby. These can easily pump 100%+. Jump on these (and setup a masternode if you have enough collateral)
Never buy into a coin that’s up 50+% in one day, aka FOMO.
Coins that might be doing coinswaps or forks soon usually start dumping pretty hard, if you can find these coins, wait for the dump, buy in low, go through the fork or coinswap, then wait for a pump.
Swing trading on cheap volatile coins is easy. Just watch the market trend for opportunities on said coins

SSowellSVTs Guide to Shitcoining - How to Make 100%+ Profit on Cryptocurrencies