Topic: Just because it's called a shitcoin doesn't mean it really is (Read 320 times)
A token is termed a shitcoin when the developer's of the project is not making a positive progress about the project. Year to year no positive feedbacks on their social network handles of how far they have gone in making the project more useful. They only keep mute for years without giving information to their community about their future plans
i think the term shitcoin came from those self drop projects last 2018 wherein people create new smart contract and ask people, community to invest in that project by sending eth in their desired wallet. After those marketing strategy, they will try to enter the exchange but then nothing is happening.In other words shit coins means useless coins 
There are several projects (a small part) in launching the coins they make, developers cannot maximize their performance so that the related projects stop in the middle of the road due to obstacles or other reasons, thus making the related tokens worthless in the market. but on the other hand there are some project owners who are seriously redeveloping their projects to be able to raise their names so they try to offer massive promotions and finally coins that are initially worthless or can be said by most people as shitcoin then become very valuable because the developer continues to work hard to be able to improve the projects they have launched so they can attract more investors
People call coins shitcoin because they aren't pumping, I've seen this happened on telegram countless times before, or maybe the coin was surging and it start dumping due to market condition some idiots will start creating FUD, I'm surprised you haven't seen that before
If not pumping is the only reason why people call a coin a shitcoin, then these people are newbies who are only setting themselves up for huge losses if they will keep ignoring fundamentals. It's irrelevant what happens at any given altcoin market in short term, they can be up or down, but if you zoom out, they are all trending downward. This is because their fundamentals suck, they can compete with Bitcoin or Ethereum if they are trying to, and their innovation is either useless or non-existent.
Hodling altcoins is stupid, and trading them is also stupid, because you can't win against the manipulators. No matter how you look at it, altcoins are shitcoins.
many called electroneum and apollo currency shitcoins last year but this year the coins start showing good signs, you don't have to make your money from Bitcoin or popular coins, you can make money from not so popular projects too, remember HEX? Haha I'm sure you guys know what I'm talking about.
I have not heard about apollo currency but electroneum cannot be a shitcoin. But, anything about hex must be too earlier as hex focus on locking your coins for 180 or for similatr time frame and also you must need to spend some money on paying for ethereum's gas while claiming your free hex coins for your BTC balances. If this topic is all about hex then I want to opt out.Hex may not be a shitcoin and at the same time, does not have any superior innovation for claiming and saving for long term holding.
In my view, it is just another bitcoin fork with mandatory holding period in the name of staking and the worst part is paying for ethereum gas which must be complete new on BTC forks regarding.
A project is usually called a shitcoin when it has almost no prospects either for future growth, or even a slight recovery.
That must be the right definition of shitcoins. I just entered into this topic by assuming OP is talking about shitcoins in general but he is trying to promote hex, a BTC fork on ETH smart contract with enforced holding periods. 
A not popular coins with price thats not surging is not a shitcoin, it might be waiting for its time to boom. If we say shitcoins it means it has no value and cant be traded to exchanges and the dev abondoned the project.
There's a hidden gem in these not popular coins we just need to dig deeper to find out what coin could it be.
Its just that most investors prefer to invest in top coins in order to ensure the profit once the market turns bullish.
it might be better to mention coins or tokens that were successfully distributed but left by their developers. like a dead project. even though they are already on the exchange, we can still see projects like that. There's a hidden gem in these not popular coins we just need to dig deeper to find out what coin could it be.
Its just that most investors prefer to invest in top coins in order to ensure the profit once the market turns bullish.
A not popular coins with price thats not surging is not a shitcoin, it might be waiting for its time to boom. If we say shitcoins it means it has no value and cant be traded to exchanges and the dev abondoned the project.
There's a hidden gem in these not popular coins we just need to dig deeper to find out what coin could it be.
Its just that most investors prefer to invest in top coins in order to ensure the profit once the market turns bullish.
There's a hidden gem in these not popular coins we just need to dig deeper to find out what coin could it be.
Its just that most investors prefer to invest in top coins in order to ensure the profit once the market turns bullish.
yes, people's perspective always leads to shitcoin when new coins (in particular) appear then the expected profit rate of investment does not match expectations. actually it takes a process, especially to increase market cap numbers, so prices can also be pumped up. and that can't happen in a short time.
People have got lured by the percentage profit or say because of the greediness or lack of knowledge had invested in some projects which has yield them heavy losses or say they have lost their money in such coins. Though not everything is a shit coin because some of the coins have done really well and people who stayed invested have made good amount of money as well.
yes, people's perspective always leads to shitcoin when new coins (in particular) appear then the expected profit rate of investment does not match expectations. actually it takes a process, especially to increase market cap numbers, so prices can also be pumped up. and that can't happen in a short time.
A project is usually called a shitcoin when it has almost no prospects either for future growth, or even a slight recovery.
Some cryptocurrencies have been on an almost perpetual downtrend ever since they were first launched, either because the team was incompetent or abandoned the project, or due to a lack of faith in the community or poor tokenomics.
I think it's more important to distinguish between altcoin and shitcoin, since a lot of people use the terms interchangeably, when it's obviously not accurate for the most part.
I believe that in the cryptocurrency market, most coins are shitty coins, but the most important thing is not to be mistaken. There are even situations where a rush is artificially created around coins and their value on the cryptocurrency market is fake. You can give an example of such coins as Jur or the ClinTex project, when after a very long time the lack of any information, the teams of these projects very carefully work on their development. Although until recently They were considered lost to the market. Some cryptocurrencies have been on an almost perpetual downtrend ever since they were first launched, either because the team was incompetent or abandoned the project, or due to a lack of faith in the community or poor tokenomics.
I think it's more important to distinguish between altcoin and shitcoin, since a lot of people use the terms interchangeably, when it's obviously not accurate for the most part.
Coins with active github development can not be considered as shitcoins.
They will reach to good values if they keep improving their code...
How can they achieve good grades when the code is improved ? wouldn't a token value be seen if the buying demand could increase every day in the market? I'm a little confused by what you say, try to explain more fully. They will reach to good values if they keep improving their code...
Shitcoins can be defined in so many ways but I really want to know how to differentiate a promising coin from a shitcoin. Some of this projects may seem good from the beginning but later it wont amount to anything eventually and vice versa
For example Moozicore was once a good project and McAfee even hyped this project but in the end it's now worthless, this is an example of shitcoin, it looks like the project won't stand up again but sometimes the unexpected always happen
Don't ridicule a project because others said they are shitcoins, I will gladly hold any shitcoins in my wallet as far as I'm satisfied with the team and project's use case, I don't invest on projects because people told me so, I have my own reasons, are they shitcoins? Thank you I'm satisfied with my shitcoins
Meh not for me.I guess it is just up to one's optimism to one project. I never held any shitcoins for so long, and I just decided to just sell them off to Bitcoin which is pretty much more worth the hold.
Don't keep holding into shitcoins there, mate.
A project is usually called a shitcoin when it has almost no prospects either for future growth, or even a slight recovery.
Some cryptocurrencies have been on an almost perpetual downtrend ever since they were first launched, either because the team was incompetent or abandoned the project, or due to a lack of faith in the community or poor tokenomics.
I think it's more important to distinguish between altcoin and shitcoin, since a lot of people use the terms interchangeably, when it's obviously not accurate for the most part.
Some cryptocurrencies have been on an almost perpetual downtrend ever since they were first launched, either because the team was incompetent or abandoned the project, or due to a lack of faith in the community or poor tokenomics.
I think it's more important to distinguish between altcoin and shitcoin, since a lot of people use the terms interchangeably, when it's obviously not accurate for the most part.
I've got a news to share about shitcoins, the moment the coins that people are holding aren't surging when they want they will start calling such coins shitcoins, many called electroneum and apollo currency shitcoins last year but this year the coins start showing good signs, you don't have to make your money from Bitcoin or popular coins, you can make money from not so popular projects too, remember HEX? Haha I'm sure you guys know what I'm talking about.
Yes, in the crypto market we cannot say anything in advance, but there will be two types of investors. Safe investors will choose the top coins for long-term investment or trade there. The rest of investors are called risk takers. They always find shitcoin with high pumpability because it is being undervalued. For example, HEX, no one thought its price could x10 in such a short time. Besides that, BTCV and other anonymous coins are listed at small exchanges or anonymous exchanges. If lucky, our account will grow many times more than other investors. 
I've got a news to share about shitcoins, the moment the coins that people are holding aren't surging when they want they will start calling such coins shitcoins, many called electroneum and apollo currency shitcoins last year but this year the coins start showing good signs, you don't have to make your money from Bitcoin or popular coins, you can make money from not so popular projects too, remember HEX? Haha I'm sure you guys know what I'm talking about.
But the question here is How many of them are legit?because you have mentioned Electroneum and Apollo but how many currenciesare released together with this coins that until now staying as shitcoins and some are also dying already?
There are few shitcoins that survive the market but only few of them,in this case let people called them shitcoins until
they finally prove that they have future.
Even Ethereum until now was called shitcoins by Bitcoin supporter,but let them realized in time.
Of course, it sometimes happens that you think that altcoin in your portfolio just died and will not give you any profit, but the day comes when this altcoin gives you an excellent profit, but unfortunately there are very few such moments, but I hope the situation will change.
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Coins with active github development can not be considered as shitcoins.
They will reach to good values if they keep improving their code...
They will reach to good values if they keep improving their code...
Not many of that project can improve their project and reaching every phase of their project plan. The other project is dying in the bear market while they can not rise again and survive. I consider that if the coin can not manage their project, and they are hard to try to survive, that is the time for me to leave the coin and not to invest or trade using their coin because it will only waste my time analyzing the coin.
Shitcoins are been called shitcoins because of the following
1. Token or coin takes too long to pump, maybe it's been around for like two years or more and no big pump many will start saying bad things like spreading FUD
2. Project team aren't encouraging, their channels are dead and no good updates for months
3. The token or coin have no good use case and instead of price stability the token or coin keeps dumping in value till it become worthless
1. Token or coin takes too long to pump, maybe it's been around for like two years or more and no big pump many will start saying bad things like spreading FUD
2. Project team aren't encouraging, their channels are dead and no good updates for months
3. The token or coin have no good use case and instead of price stability the token or coin keeps dumping in value till it become worthless
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