(Updated 16. September 2022)
Shitcoin investing is highly volatile; gains can reverse within days. When I first entered this market, the biggest question I had was how to find newly launched coins early.
At the time, I monitored cryptocurrency-promotion subreddits and Facebook groups to discover recently launched coins. Most of what appeared there was low quality.
I treated these communities as discovery feeds, not endorsements.
Shitcoins carry extremely high risk. I considered it reckless to put money in them without first establishing more substantial positions in coins like Bitcoin and Ethereum.
Where To Find New Shitcoins Early
I used several subreddits dedicated to promoting new coins. Because those communities existed to "shill" projects, I used them only to collect names for further research.
Those feeds contained many newly launched coins, so I researched each project before considering it.
I separately documented the strategy I used for speculative coins.