- Nov 12, 2017
- 1,401
- 2,246
Hello,
With the number of people talking about crypto both in and out of BlackHatWorld I thought it would be a good time to post this guide as a starter for anyone looking to try their hand at shitcoins/memecoins.
I’ve been trading these degenerate, zero fundamental, extremely volatile coins since September 2020. It is my main source ofincome losses (cough cough taxation office), they are extremely profitable if you are disciplined and as with anything only put what you can afford in.
Remember these are extremely volatile, have NO fundamentals and can be made in under 10 minutes (will have a guide for that in the future). The coins you hear very infamously such as $PEPE, $SHIBA, $DOGE $GROK. Yes I shilled $GROK at sub 100k marketcap, today at the time of writing it sits at $160,000,000 that’s 160 million dollars. Roughly 1600x,
This is just the tip of the iceberg as to what is possible with shitcoins. I myself had the opportunity to turn $73 to $30,000 with $GROK, unfortunately I do not have balls of steel and end up selling $1,000 every few days as it pumps. This is what is possible with shitcoins.
So, how do you find these degenerate, zero fundamental, extremely volatile coins?
Setup
First we must setup a on chain wallet:
The most common and widely supported wallet is MetaMask. You can find the link to download that here MetaMask Download
Once you have added this to your chrome extension create a wallet and store your seed phrase somewhere safe. Most people just send their phrases to me but you can also write it down on a piece of paper and lock that paper away somewhere, it is up to you.
Now that we have our wallet created and setup it's time to deposit funds. As we are going to be focusing on Ethereum for this guide we will need some Ethereum, (duh!). We can buy Ethereum from any major exchange I personally use Kraken, once the Ethereum is bought copy the MetaMask address which can be found underneath the account drop down inside of the MetaMask extension.
Once copied, simply send Ethereum from any exchange to this address and wait for it to deposit (5-10 minutes)
Congratulations, you now have Ethereum on the ERC-20 and are already ahead of anybody that keeps their crypto inside an exchange.
Remember, not your keys not your crypto! Always use a wallet preferably a cold storage wallet (e.g Ledger).
Finding, Checking, Buying, Winning
Now the fun begins, it's time to look for shitcoins and check them using various tools readily available for us to lose our money faster! Yippee!
I use dexscreener to hunt for new pairs, it is open on my side monitor 24/7. The link to dexscreener can be found here https://dexscreener.com/
Do not be overwhelmed! We are going to go over everything on this screen bit by bit. Stick with it and keep reading, do click around on dexscreener and familiarize yourself with all the menus. Everything will make sense as we go along.
First thing first we will start on the left hand side menu,
Watchlist
This is where you can find a list of tokens you have added to a watch list. Useful if you are a degen like me and like to sleep on coins that move faster than your younger self bar hopping on a Saturday night.
Alerts
If you set a price alert, they will be tracked here. A price alert could be for example $BHW to go above $10. Once and if this target is hit, you will receive a notification.
Multicharts
You can now see all your terrible financial decisions in the one place! Incredible right? Here is where you can view various different charts across crypto. I use this feature a lot as if Ethereum is rising but my shitcoins are dumping it's best to sell them and rebuy with a stronger Ethereum value.
New Pairs
This shows you all live pairs with default settings being highest Trending in last 6 hours, Token created last 24 hours and minimum Liquidity of $1,000. This will show you all shitcoins across all chains. I hate the default settings and will recommend you my own settings to catch mooners but feel free to use your own if you find a good fit.
Gainers & Losers
Self explanatory, ranks the highest gainers and losers in last 24hours, unironically at the time of writing this $GFY has rose over 205,000% in 24 hours. Very fitting to the shitcoin culture $GFY unabbreviated is Go Fu*k Yourself. By the time I finished this sentence, it has rose 212,000%. Can you see why I decided to write this thread?
Portfolio
I don't use this feature as it doesn't track all plays, I use dexview which is very similar to dexscreener except it has a wallet tracker which just tracks your PnL across tokens. https://www.dexview.com/
Chains
All the different chains honestly require their own thread, I focus on two chains the most. Ethereum and Solana, Ethereum I use the most as I have been for the last 3 years and Solana has it's runs which we are in now. The biggest difference between the two is the fees associated with transactions (TX Fees). At the time of writing, a very simple buy transaction cost $20. No, I didn't accidentally put a zero, Twenty Dollars.
Solana has basically non existent fees and is a lot faster than Ethereum. However there are also more scams in Solana due to the low cost and high speed to perform transactions. Ethereum still has it's scams but they are a lot less prevalent and with this guide you will be able to spot them and protect your liquidity.
So that's the sidebar, out of the way. Now we move onto why it's called DexScreener. It's time to screen through new pairs.
Finding
Lets find some pairs, click Ethereum on the sidebar... hey by the way remember $GFY? The token I talked about maybe, 10 minutes ago?
Yeah, it has rose 15% in just 5 minutes. Do not worry, we will be catching the next $GFY in just a second.
Once your on the Ethereum page:
Click 'Rank By' in the top right.
Click 'Ascending'
Click 'Pair Age'
If you got stuck here is a quick link: https://dexscreener.com/ethereum?rankBy=pairAge&order=asc
Nice, now we are simply looking at the most recent pairs.
Click the first one, buy it and come back in 10 minutes. You will either be rich or poor
Thank you for rea-
Although, it sounds absolutely ridiculous this exact strategy is what I use on Solana, as I spoke about before. Gas fees are non existent on Solana, so I put $5 into every. single. token. that is newly listed. Imagine one of those $5 grows to be a $GFY?
$5 x 2400 = $12,000
Not bad.
This strategy however is impossible and downright stupid to do on Ethereum unless you are a whale and hate money. In that case refer to wallet setup and send me your seedphrase.
Since we are looking at new pairs, we have a couple options here.
My favourite option to sift through all the shit (pun intended) is:
Click 'Filters'
Minimum Liquidity = 1,000
Maximum Pair Age = 3 hours
Click 'Apply'
Again, here is a quick link.
https://dexscreener.com/ethereum?rankBy=pairAge&order=asc&minLiq=1000&maxAge=3
Cool now it looks much cleaner and digestible.
Now we can go a step further and sort by volume by clicking ' Volume '
As you can see from the fourth column all the pairs are being ranked by volume with a COPY of $GFY leading it with $29.6 M volume.
Remember, these are just the pairs in the last 3 hours that have a minimum of $1,000 in liquidity.
The volume filter helps you spot coins that are looking to pump, but you get a lot of coins that have pumped and dumped already. This is why I choose not to rank by volume.
Head back to https://dexscreener.com/ethereum?rankBy=pairAge&order=asc&minLiq=1000&maxAge=3
Checking
Let's checkout the first coin $MVU or Meme vs Undead.
Click it.
Haha it looks like half of the 'My journey section' here on BHW. (I am allowed to make that joke as I have failed 6 journeys).
Anyways, we get a couple of really good insights just by clicking on it.
First we can see that the developer has added 1 Ethereum into Liquidity.
We can also see that someone using the spray and pray strategy bought $30.32 or 0.014 Ethereum worth. Held on for one minute (pfft, lasts longer than I do) and sold for $21.86 or 0.01 Ethereum.
Now if we mo- What? Ohhhh, right how the hell did he lose $9 in 1 minute?
Simple, he forgot to check if the coin has a ridiculous amount of tax on it. We can do this by scrolling down slightly to 'Go+ Security' and clicking the dropdown menu
Wow 15% buy tax and 14% sell tax! That is ridiculous, but also not uncommon for extremely hyped launches. Developers can use the high tax at launch to farm $$$ for 'marketing' or if we rub our eyes ' BAHAMAS '.
Anyways sadly for our friend $MVU his token was not hyped and is a straight garbage. Next
I would like to re-iterate that shitcoins are degenerate, zero fundamental, extremely volatile coins.
Also, Go+ Security should be used as a guide and a guide only. There are a lot better tools to use.
Let's try the next one $GNoME
Okay this one looks good! We can see a few things here.
1. 112 holders in 7 minutes
2. $13,000 in Liquidity with a weird green lock on it? Let's hover over it to find out.
We can see the following:
Total locked liquidity
99.99%
Burned 0x0000...dead
99.99%
This is GREAT! The developer has simply burned all his liquidity tokens, they no longer exist and can not be altered. While the coin may dump, the coin may honeypot it will NEVER rugpull (removal of liquidity)
This is a great sign.
3. $83,000 in volume in the last hour (which is really the last 11 minutes since that's when the coin launched.) This is also pretty good, clearly there is some hype around this coin.
4. It has 0/0 tax meaning you aren't going to lose $9 in one minute (at least not to tax you aren't.)
5. Chart is trading sideways which is quite scary due to the volatile nature of shitcoins.
If I wasn't analyzing $MVU earlier this is coin I would have bought already and been spamming Twitter with gifs of rockets.
I want to check one last thing however, the holder distrubution.
In the Pair Info section
Pair Created
Pooled GnoME
Pooled WETH
Pair
GNoME - Click this one.
WETH
So the highest holder holds (try saying that 5 time super fast), holds 2% of the entire supply. That is also not bad, I have seen cases where wallets hold upwards of 5-10% of the supply! Outrageous!
We want to check holder distribution before we buy to avoid (or expect) a massive dump.
At this point I would buy the token at a $32,000 marketcap or 1 GNoME = 0.0006, the chart dipped a bit while I was checking the coin out which worked in our favour!
Buy order placed.
What's that? You don't know how to buy it? Oh crap! I forgot that was a section
Buying
Click the Trade on Uniswap button, make sure to click the button with a square and an arrow coming out of it. This takes you to the webpage which is much easier than the popup window (note: I am only showing UniSwap for simplicity, I myself use Trading Bots that place buy orders through routers and use custom GWEI to increase the speed.
I wish I could attach more images to walk you through all of that but who said I can't make another thread?
At the top right:
Click 'Connect'
Click 'MetaMask'
Click ' Approve ' on MetaMask popup
That's it.
Now GNoME should already be prefilled out for you but incase it's not copy the 0x number next to the button you clicked to see the holders earlier.
Click the drop down menu in the 'You Receive' box
Paste the 0x number or the Contract Address in there.
Now enter the amount of Ethereum you would like to buy in the 'You Pay' box
Swap
Confirm Swap
Confirm one last time in MetaMask
You have now successfully bought your first Ethereum Shitcoin. Wow, they grow up so fast. Now find the GNoME tab aaand HOLY SHIT IT'S MOONING!!!
Remember I 'purchased' at 0.0006, after checking back it currently sits at 0.0012
I have just doubled my money!
(P.S I really did buy the coin while walking through the checks but once I fully expected me to go through 4-5 coins before finding a good one.)
That's all it is folks.
Find -> Check -> Buy -> Win
But let me say it again THESE ARE degenerate, zero fundamental, extremely volatile coins! It could of dumped JUST AS EASY. IN FACT IT DID DUMP JUST AS EASY THAT IS WHY WE BOUGHT IT!
------------------------------
I really put a lot of effort into this thread and wish I could attach more images but it may be for the better since this would have ended up being twice the length.
I am happy to answer ANY and ALL questions regarding, Crypto, Shitcoins, Bots, Tools, Snipers, MEVs, NFTs anything. I have been in this space for a long time and enjoy sharing my knowledge with others where I can.
Honestly I am very impressed and grateful that I was able to PROVE just how much of a money maker shitcoins can be if done properly, I mean doubling my money in 10 minutes while coincidentally at the part talking about buying shitcoins was best case scenario and proves we are in a simulation lol.
With the number of people talking about crypto both in and out of BlackHatWorld I thought it would be a good time to post this guide as a starter for anyone looking to try their hand at shitcoins/memecoins.
I’ve been trading these degenerate, zero fundamental, extremely volatile coins since September 2020. It is my main source of
Remember these are extremely volatile, have NO fundamentals and can be made in under 10 minutes (will have a guide for that in the future). The coins you hear very infamously such as $PEPE, $SHIBA, $DOGE $GROK. Yes I shilled $GROK at sub 100k marketcap, today at the time of writing it sits at $160,000,000 that’s 160 million dollars. Roughly 1600x,
This is just the tip of the iceberg as to what is possible with shitcoins. I myself had the opportunity to turn $73 to $30,000 with $GROK, unfortunately I do not have balls of steel and end up selling $1,000 every few days as it pumps. This is what is possible with shitcoins.
So, how do you find these degenerate, zero fundamental, extremely volatile coins?
Setup
First we must setup a on chain wallet:
The most common and widely supported wallet is MetaMask. You can find the link to download that here MetaMask Download
Once you have added this to your chrome extension create a wallet and store your seed phrase somewhere safe. Most people just send their phrases to me but you can also write it down on a piece of paper and lock that paper away somewhere, it is up to you.
Now that we have our wallet created and setup it's time to deposit funds. As we are going to be focusing on Ethereum for this guide we will need some Ethereum, (duh!). We can buy Ethereum from any major exchange I personally use Kraken, once the Ethereum is bought copy the MetaMask address which can be found underneath the account drop down inside of the MetaMask extension.
Once copied, simply send Ethereum from any exchange to this address and wait for it to deposit (5-10 minutes)
Congratulations, you now have Ethereum on the ERC-20 and are already ahead of anybody that keeps their crypto inside an exchange.
Remember, not your keys not your crypto! Always use a wallet preferably a cold storage wallet (e.g Ledger).
Finding, Checking, Buying, Winning
Now the fun begins, it's time to look for shitcoins and check them using various tools readily available for us to lose our money faster! Yippee!
I use dexscreener to hunt for new pairs, it is open on my side monitor 24/7. The link to dexscreener can be found here https://dexscreener.com/
Do not be overwhelmed! We are going to go over everything on this screen bit by bit. Stick with it and keep reading, do click around on dexscreener and familiarize yourself with all the menus. Everything will make sense as we go along.
First thing first we will start on the left hand side menu,
Watchlist
This is where you can find a list of tokens you have added to a watch list. Useful if you are a degen like me and like to sleep on coins that move faster than your younger self bar hopping on a Saturday night.
Alerts
If you set a price alert, they will be tracked here. A price alert could be for example $BHW to go above $10. Once and if this target is hit, you will receive a notification.
Multicharts
You can now see all your terrible financial decisions in the one place! Incredible right? Here is where you can view various different charts across crypto. I use this feature a lot as if Ethereum is rising but my shitcoins are dumping it's best to sell them and rebuy with a stronger Ethereum value.
New Pairs
This shows you all live pairs with default settings being highest Trending in last 6 hours, Token created last 24 hours and minimum Liquidity of $1,000. This will show you all shitcoins across all chains. I hate the default settings and will recommend you my own settings to catch mooners but feel free to use your own if you find a good fit.
Gainers & Losers
Self explanatory, ranks the highest gainers and losers in last 24hours, unironically at the time of writing this $GFY has rose over 205,000% in 24 hours. Very fitting to the shitcoin culture $GFY unabbreviated is Go Fu*k Yourself. By the time I finished this sentence, it has rose 212,000%. Can you see why I decided to write this thread?
Portfolio
I don't use this feature as it doesn't track all plays, I use dexview which is very similar to dexscreener except it has a wallet tracker which just tracks your PnL across tokens. https://www.dexview.com/
Chains
All the different chains honestly require their own thread, I focus on two chains the most. Ethereum and Solana, Ethereum I use the most as I have been for the last 3 years and Solana has it's runs which we are in now. The biggest difference between the two is the fees associated with transactions (TX Fees). At the time of writing, a very simple buy transaction cost $20. No, I didn't accidentally put a zero, Twenty Dollars.
Solana has basically non existent fees and is a lot faster than Ethereum. However there are also more scams in Solana due to the low cost and high speed to perform transactions. Ethereum still has it's scams but they are a lot less prevalent and with this guide you will be able to spot them and protect your liquidity.
So that's the sidebar, out of the way. Now we move onto why it's called DexScreener. It's time to screen through new pairs.
Finding
Lets find some pairs, click Ethereum on the sidebar... hey by the way remember $GFY? The token I talked about maybe, 10 minutes ago?
Yeah, it has rose 15% in just 5 minutes. Do not worry, we will be catching the next $GFY in just a second.
Once your on the Ethereum page:
Click 'Rank By' in the top right.
Click 'Ascending'
Click 'Pair Age'
If you got stuck here is a quick link: https://dexscreener.com/ethereum?rankBy=pairAge&order=asc
Nice, now we are simply looking at the most recent pairs.
Click the first one, buy it and come back in 10 minutes. You will either be rich or poor
Thank you for rea-
Although, it sounds absolutely ridiculous this exact strategy is what I use on Solana, as I spoke about before. Gas fees are non existent on Solana, so I put $5 into every. single. token. that is newly listed. Imagine one of those $5 grows to be a $GFY?
$5 x 2400 = $12,000
Not bad.
This strategy however is impossible and downright stupid to do on Ethereum unless you are a whale and hate money. In that case refer to wallet setup and send me your seedphrase.
Since we are looking at new pairs, we have a couple options here.
My favourite option to sift through all the shit (pun intended) is:
Click 'Filters'
Minimum Liquidity = 1,000
Maximum Pair Age = 3 hours
Click 'Apply'
Again, here is a quick link.
https://dexscreener.com/ethereum?rankBy=pairAge&order=asc&minLiq=1000&maxAge=3
Cool now it looks much cleaner and digestible.
Now we can go a step further and sort by volume by clicking ' Volume '
As you can see from the fourth column all the pairs are being ranked by volume with a COPY of $GFY leading it with $29.6 M volume.
Remember, these are just the pairs in the last 3 hours that have a minimum of $1,000 in liquidity.
The volume filter helps you spot coins that are looking to pump, but you get a lot of coins that have pumped and dumped already. This is why I choose not to rank by volume.
Head back to https://dexscreener.com/ethereum?rankBy=pairAge&order=asc&minLiq=1000&maxAge=3
Checking
Let's checkout the first coin $MVU or Meme vs Undead.
Click it.
Haha it looks like half of the 'My journey section' here on BHW. (I am allowed to make that joke as I have failed 6 journeys).
Anyways, we get a couple of really good insights just by clicking on it.
First we can see that the developer has added 1 Ethereum into Liquidity.
We can also see that someone using the spray and pray strategy bought $30.32 or 0.014 Ethereum worth. Held on for one minute (pfft, lasts longer than I do) and sold for $21.86 or 0.01 Ethereum.
Now if we mo- What? Ohhhh, right how the hell did he lose $9 in 1 minute?
Simple, he forgot to check if the coin has a ridiculous amount of tax on it. We can do this by scrolling down slightly to 'Go+ Security' and clicking the dropdown menu
Wow 15% buy tax and 14% sell tax! That is ridiculous, but also not uncommon for extremely hyped launches. Developers can use the high tax at launch to farm $$$ for 'marketing' or if we rub our eyes ' BAHAMAS '.
Anyways sadly for our friend $MVU his token was not hyped and is a straight garbage. Next
I would like to re-iterate that shitcoins are degenerate, zero fundamental, extremely volatile coins.
Also, Go+ Security should be used as a guide and a guide only. There are a lot better tools to use.
Let's try the next one $GNoME
Okay this one looks good! We can see a few things here.
1. 112 holders in 7 minutes
2. $13,000 in Liquidity with a weird green lock on it? Let's hover over it to find out.
We can see the following:
Total locked liquidity
99.99%
Burned 0x0000...dead
99.99%
This is GREAT! The developer has simply burned all his liquidity tokens, they no longer exist and can not be altered. While the coin may dump, the coin may honeypot it will NEVER rugpull (removal of liquidity)
This is a great sign.
3. $83,000 in volume in the last hour (which is really the last 11 minutes since that's when the coin launched.) This is also pretty good, clearly there is some hype around this coin.
4. It has 0/0 tax meaning you aren't going to lose $9 in one minute (at least not to tax you aren't.)
5. Chart is trading sideways which is quite scary due to the volatile nature of shitcoins.
If I wasn't analyzing $MVU earlier this is coin I would have bought already and been spamming Twitter with gifs of rockets.
I want to check one last thing however, the holder distrubution.
In the Pair Info section
Pair Created
Pooled GnoME
Pooled WETH
Pair
GNoME - Click this one.
WETH
So the highest holder holds (try saying that 5 time super fast), holds 2% of the entire supply. That is also not bad, I have seen cases where wallets hold upwards of 5-10% of the supply! Outrageous!
We want to check holder distribution before we buy to avoid (or expect) a massive dump.
At this point I would buy the token at a $32,000 marketcap or 1 GNoME = 0.0006, the chart dipped a bit while I was checking the coin out which worked in our favour!
Buy order placed.
What's that? You don't know how to buy it? Oh crap! I forgot that was a section
Buying
Click the Trade on Uniswap button, make sure to click the button with a square and an arrow coming out of it. This takes you to the webpage which is much easier than the popup window (note: I am only showing UniSwap for simplicity, I myself use Trading Bots that place buy orders through routers and use custom GWEI to increase the speed.
I wish I could attach more images to walk you through all of that but who said I can't make another thread?
At the top right:
Click 'Connect'
Click 'MetaMask'
Click ' Approve ' on MetaMask popup
That's it.
Now GNoME should already be prefilled out for you but incase it's not copy the 0x number next to the button you clicked to see the holders earlier.
Click the drop down menu in the 'You Receive' box
Paste the 0x number or the Contract Address in there.
Now enter the amount of Ethereum you would like to buy in the 'You Pay' box
Swap
Confirm Swap
Confirm one last time in MetaMask
You have now successfully bought your first Ethereum Shitcoin. Wow, they grow up so fast. Now find the GNoME tab aaand HOLY SHIT IT'S MOONING!!!
Remember I 'purchased' at 0.0006, after checking back it currently sits at 0.0012
I have just doubled my money!
(P.S I really did buy the coin while walking through the checks but once I fully expected me to go through 4-5 coins before finding a good one.)
That's all it is folks.
Find -> Check -> Buy -> Win
But let me say it again THESE ARE degenerate, zero fundamental, extremely volatile coins! It could of dumped JUST AS EASY. IN FACT IT DID DUMP JUST AS EASY THAT IS WHY WE BOUGHT IT!
------------------------------
I really put a lot of effort into this thread and wish I could attach more images but it may be for the better since this would have ended up being twice the length.
I am happy to answer ANY and ALL questions regarding, Crypto, Shitcoins, Bots, Tools, Snipers, MEVs, NFTs anything. I have been in this space for a long time and enjoy sharing my knowledge with others where I can.
Honestly I am very impressed and grateful that I was able to PROVE just how much of a money maker shitcoins can be if done properly, I mean doubling my money in 10 minutes while coincidentally at the part talking about buying shitcoins was best case scenario and proves we are in a simulation lol.
