Altcoins to AVOID!! WATCH OUT For These 💩

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- TIMESTAMPS -
0:00 Intro
1:36 Shitcoin Criteria
2:34 Exchange Listings
4:30 Volume & Liquidity
6:20 Development Activity
7:56 Project Team
9:28 Token Even Needed?
10:50 Fake Partnerships?
12:13 Track Records
14:00 Previous use of Funds
16:40 Shills & Sockpuppets
17:44 Conclusion

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⛓️ 🔗 Helpful Links & Sources 🔗 ⛓️

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1️⃣ Exchange Support 1️⃣

Most *reputable* exchanges don't want to be associated with coins that they deem to be shit. By that I mean, they don't want to have a lot of angry traders coming to them because they lost nearly all their money on some vaporware project.

It also creates certain problems for you buying the cryptocurrency. How can you feel really comfortable using some exchange that you have never really heard of.

2️⃣ Volume & Liquidity 2️⃣

The volume and liquidity of a token is important to study. Not only can it give you a broader indication of interest but it will also help you determine whether you will be able to easily buy or sell the cryptocurrency yourself.

The trading volume of a cryptocurency should be divided by volume. Any coin that has a 24-hour trading volume that is less than 5% is considered quite low.

3️⃣ Development 3️⃣

If they do make their code public in their repos then you will want to observe how much as been done over the past few months. You just want to see that there has been a regular stream of commits and discussions.

You will also want to take a look at the whether the project has been active in other spheres.

4️⃣ Project Team 4️⃣

Are the team who they claim they are? Can you confirm their credentials on their social platforms like Linkedin? Have they been involved in any questionable projects in the past? How long have they been involved in the blockchain space?

5️⃣ Do They Need a Token? 5️⃣

There are numerous examples of projects that have developed a cryptocurrency for something that really did not need one at all. Let us not forget that the future value of a utility token will come from it's actual use.

If you really need people to transact in your network, why can't they just use ETH? Why do they need to use your token?

6️⃣ Partnerships 6️⃣

And are these partnerships meaningful? Or are they merely a partnership for partnership sake? A simple collaboration or memorandum of understanding? Something that is concrete or nothing more than a simple meeting?

I have seen far too many projects that over hype a partnership that is either completely false or extremely misleading.

7️⃣ Track Record 7️⃣

Those projects that often change their focus and "reinvent" themselves every single year are most definitely ones to watch out for.

If their previous core use case is no longer a strong one, what is to say their new one is any better?

Consistency is also applicable when it comes to development. Do they often miss milestones and have some of these proposed milestones just vanished from the ether?

8️⃣ How They Spend Cash 8️⃣

Most legitimate projects with a foundation will have detailed reports as to where the funds are being allocated and spent on. If no such disclosures exist then it's an immediate red flag.

For those projects that do disclose this, you need to ask yourself whether it falls in line with their Whitepaper budget allocation or whether it is at all justified.

9️⃣ Paid Shills / Sockpuppets 9️⃣

Those crypto projects that have to rely on paid shills to pump their coin or token should be viewed with immense suspicion. Why should they feel the need to create an artificial perception of demand? Does that mean that there is no real organic interest in the project?

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #bitcoin #trading #shitcoin #exchange #ethereum

[MrKilltastic]

Im liking these built-in timestamps in the video player

[rodrigosolishernandez]

great content!
There are so many "crypto gurus" out there saying that they found the "cryptogem to 10000x" that is exhausting, probably just because they bought it and need more people to buy it just to make the price rise.
I think that this video shows an efficient way to avoid shitcoins.

[Murderdogs]

"Most reputable exchanges don't want to be associated with a coin that they deem to be shit."

Your total nonchalance and softly spoken manner really make this line solid gold 🤣

[PatchCornAdams]

Buy high, sell low. That's my strategy.

[ahthisisgood]

You sir are a scholar and a gentleman. Thank you.

[mattrusingmail]

Could you do a video on Ampleforth? I’ve never seen any project like it before and the team is mostly high level engineers from companies Google, etc. Plus they have a very impressive list of investors.

[xelefonte]

A wealth of information here. Coin Bureau really knows his stuff. Thank you for this video. I learned a lot particularly about how to study their coding, marketing and how they spend ICO funds as telltale signs and red flags.

[jainrahulgmailcom]

i just wanna say that, when i was searching videos for "gem" coins, i found a real gem "guy".

Love your work, Big fan.

[TheWorpler]

2017 ICO boom was our "sideburns and flared trousers" moment

[camilla]

Thank you for your work, I'm french and it's usually a bit hard to understand British accent, but I understand you perfectly 😊 Merci 🙏

[BrackenFamilyLife]

You are quickly becoming my favorite crypto YouTuber! This "Guy" is straight up and spot on.👍

[ShaolinofthChamber]

Your toilet background got me!
Gold! Thanks for the laugh, Guy. lol

[zheondre]

I'm still holding the bag for substratum from 2017, lesson learned lol.

[mikedavis]

This video is so relevant to me at the moment. TA very much

[KingShango]

Hi Guy, I would be interested to know your opinions on the British cryptocurrency ETN ( Electoneum)? Not looking for financial advice just your opinions in the project either good or bad.
Cheers.

[audieallen]

I was worried man, but now I know I've been making the right choice. 3x my vet bag

[veroniquedenis]

So grateful to have found your channel. Amazing work! Thank you so much!

[geneshen]

To keep it simple for a lot of people, if it isn't on binance, probably avoid it, because literally every bit of public info out there can be fabricated, including credentials of team members.

[ellerf]

Your in good hands with Guy's Crypto Bureau... there's no other place where you can find this type of presentation. Top... finishing the video and looking for more videos...

[danielsala]

I'm agree but also we need to consider many exchanges ask insane amount of money Fiat o bitcoin to be able a good coin be listed. Then I know some project self finance not ICO scam who can't be listed in the centralized Binance exchange