Shitcoins + Bull market = Bullshit

Bitcoin was the gateway for me, that brought me in to the world of cryptocurrency. A world that changed my life for the better and one that can Impact almost everybody on the planet. I am truly blessed to have gotten in to bitcoin/cryptos early enough to have already made a financial impact on my life. Now if your like me, you have probably developed an addiction to cryptos and have spent thousands of hours researching different coins.

Recently, investors all over the world have poured billions of dollars in to the Altcoin market

 Many investors realize that bitcoin isn’t always the currency of choice in moving value. Transactions can take days instead of minutes, and  average transaction costs are at approx 4.50 usd. The network is at a turning point and 1 MB  blocks are no longer a sustainable to deliver fast and affordable  transactions. Because Miners are incentivized to settle transactions with higher transaction fees, they leave behind less important transactions. 

Startups are switching to Altcoins

Brave Browser (BAT) started with bitcoin but has now shifted to Ethereums smart contract blockchain. (YOURS), a social network has switched to Litecoins network for faster and cheaper transactions. Bitcart has switched to dash, as there solution to bitcoins problems. Many other companies are creating there very own blockchain as there solution to the sluggish bitcoin.

What is a shitcoin

 The main ingredient that  makes a shitcoin a (true  shitcoin) is whether or not it is just a clone with no important upgrades or changes. Most shitcoin clones are built for the sole purpose of making the creator money. Unfortunately, this adds nothing to the crypto market in terms of helping it go mainstream. In my opinion, we will see an huge increase in these clones in the future. 

2017 has been a tremendous year for the entire crypto market, and it is for that reason, I feel that many shit coins are being disguised as real coins. I urge investors to be careful when investing in small cap coins at this time. The bull market has created a lot of hype, especially in new small cap coins coming out, many of which are shitcoins that could easily go to zero.