Topic: What Do You Guys Think About So-Called "Shit-coin" ? (Read 1057 times)
My own understanding about shit coin is that, when you have that kind of an altcoin that gives you no benefit at all, like if you have received a token from an airdrop that has no value at all even for almost a decade it can be a shit coin, or if you have that kind of token and already listed but impossible to trade or sell it, also a shit coin. For some instances, the ones token that is called a shitcoin could be a good coin in the future by a chance.
maybe they just followed the fomo at that time, now we see that only shiba inu and safemoon cash survive. so it will always be there and people call it shitcoin, both for now and in the future.
Shitcoin will always exist.
Shitcoin will always exist.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
The main drawback of them is that they don't have anything really valuable under them like for example a project or an efficient blockchain, so everything that can keep price is just hype and support from authoritative people. Shiba has been listed on coinbase that might attract investors' attention, but I don’t think that it will return popularity to shit coins.
In my opinion, the distribution of tokens in large quantities will have no effect on the crypto world, on the contrary, that is what we must avoid because it could be a scam that has no price on the market. So I think the big token sharing is just to entice us to follow them
Shitcoins are inevitable unfortunately. But if you take any other sphere of human life you will see the same picture - 80% of everything is crappy quality 
Crypto is just not regulated properly, so the percentage here is around 95%
Crypto is just not regulated properly, so the percentage here is around 95%
Agree, the creation of shitcoins are inevitable, moreover many people are easy to be manipulated for getting instant profit by buying such that shit thing.
The developer can just copy-paste the solidity code, change it a bit and deploy it on BSC, the next step only brainwashing the investor with some bullshit words.
This is not a new issue anymore. This has been from a long time ago, there will be always that kind of shit coins
Why?
- This token or coin is very risky both for trading and investing
- Shitcoin has no string fundamentals and team
- Shitcoins may be too good to be true and this will not happen
- Listed on mostly low exchange ranks
- Has so many total supplies
- Price with very big pump and dump very quickly
This may be worthy if you know the right moment to take profits once it is pumping.
But in fact, this is very risky because we can lose our money so easily and quickly in this shit coin
Why?
- This token or coin is very risky both for trading and investing
- Shitcoin has no string fundamentals and team
- Shitcoins may be too good to be true and this will not happen
- Listed on mostly low exchange ranks
- Has so many total supplies
- Price with very big pump and dump very quickly
This may be worthy if you know the right moment to take profits once it is pumping.
But in fact, this is very risky because we can lose our money so easily and quickly in this shit coin
Shitcoins are just the bad faces of this cryptocurrency market. They contribute nothing more than helping someone make a lot of money in a very short time. Because many of them can be scam also. If you are ready to take a bigger risk, then you can try your luck in these shitcoins. Maybe you will find a really good chance but you shouldn't let greed take the control also.
Yes, shitcoins just make the whole crypto market not appealing to everyone. But if you take time to know them well, and take the risk to invest a little amount, then you will not really totally in loss. They are still profitable but only good for short term. If you plan to hold them for long, maybe its the time that you will fall in a huge loss as shitcoins or meme coins are not made for long term investments because they eventually lose their value and will fall into trash coins.So i don't encourage everyone to choose shitcoins, but give more time on solid and stable coins in the market if you are here for long term investments.
Shitcoins are inevitable unfortunately. But if you take any other sphere of human life you will see the same picture - 80% of everything is crappy quality
Crypto is just not regulated properly, so the percentage here is around 95%
Crypto is just not regulated properly, so the percentage here is around 95%
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
total supply does not determine if the token is a shit coin, because in my opinion shit coin is a token that has no project and no function that can be used in the future, so as long as the token has a function and project, then of course we can't say that token as a shit coin even though the total supply is very large.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
We do have different impressions because there are still people who do make money out of being shit into the market which simply means people do mostly hate it but if you do know on what you are doingMany people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
then you can take risk but of course odds of losing investment is there but once you had done it right and a little bit mix of luck where a shit coin had been pumped then for sure its a nasty profits for you to make.
You shouldnt mind about those coins because it will really just divert out your attention on which you should focus more on main coins.
Shitcoins are just the bad faces of this cryptocurrency market. They contribute nothing more than helping someone make a lot of money in a very short time. Because many of them can be scam also. If you are ready to take a bigger risk, then you can try your luck in these shitcoins. Maybe you will find a really good chance but you shouldn't let greed take the control also.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
I think Shitcoin just makes crypto look bad. They appear so much, even a very large supply in the market. As a result of scams that only use crypto as a place to enrich their own team, the effect on investors who use crypto as a place of investment becomes doubtful because of the actions of fraudsters. Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
Litecoin and so forth are acceptable yet there are without a doubt numerous shitcoins and trick tokens that let the entire crypto scene down. Every one of these shitcoins make great publicity. Overall they are pointless, however they push the interest to digital currency. They are acceptable near pointer. Financial backers who need to have an easy gain without legitimate examination will consistently wind up putting resources into a shitcoin on their portfolio.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
I’ve been in a situation like that where I was investing in a project and I knew very well that it wasn’t legit or should I say it wasn’t going to work, But I still went ahead to invest in this project and at the end it didn’t workout.Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
The reason why I invested in this project is because of the same thing you have said here, I saw an early opportunity to make something from it before it’s too late. Things like this are usually a huge risk, it can work or it will not work. Luckily for me I didn’t invest much in it, I just invested a little money which I hoped I would have gained something from it.
I personally make an investment with shitcoins before because i wasn't aware at first. Good thing i have only invested a minimal amount so i did not make any regrets when it turned out that their value have gone. Well some have still good value but not listed in the exchange so still worthless in the end.
Usually, "shitcoin" refers to cryptocurrencies or altcoins that were created after the Bitcoin boom. A cryptocurrency or coin can lose value because the provider fails to attract investors. This could be because there was no confidence in the currency from the start or because the price of the currency was based on speculation. For some of these reasons, this currency is considered a bad investment.
Small cap cryptocurrencies may be the highest risk and highest reward form of investment. There is a high chance that you will lose all your money by investing in "shitcoins" and there is a possibility that you will make a huge profit.
Small cap cryptocurrencies may be the highest risk and highest reward form of investment. There is a high chance that you will lose all your money by investing in "shitcoins" and there is a possibility that you will make a huge profit.
Yes, so many kind of new tokens appear in the market and mostly end into shitcoins or unvalued coins. If this scenario repeat to happen in the crypto market this will be a bad image and maybe big investors will lose trust in cryptocurrency to there investment to put-in. Rather than focusing on those new coins why try to invest in the top10 coins which more secure at the same time stable.
they just come to take advantage of the bull market. create hype on their coin in the market and when attention is already in the market and get the price pumped. You will see them escape by selling all the tokens they have.
or maybe some coins go into our wallets but never get listed on the exchange. from our airdrops, bounties, or stupid purchases.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
I’ve been in a situation like that where I was investing in a project and I knew very well that it wasn’t legit or should I say it wasn’t going to work, But I still went ahead to invest in this project and at the end it didn’t workout.Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
The reason why I invested in this project is because of the same thing you have said here, I saw an early opportunity to make something from it before it’s too late. Things like this are usually a huge risk, it can work or it will not work. Luckily for me I didn’t invest much in it, I just invested a little money which I hoped I would have gained something from it.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
Yes, so many kind of new tokens appear in the market and mostly end into shitcoins or unvalued coins. If this scenario repeat to happen in the crypto market this will be a bad image and maybe big investors will lose trust in cryptocurrency to there investment to put-in. Rather than focusing on those new coins why try to invest in the top10 coins which more secure at the same time stable.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
They bring profit and benefit only to the creators of such projects and to the industry. in general, they have a negative impact, such tokens only litter blockchains and there is no use for different information monitoring. Every day dozens of such projects appear and they are all completely the same, only the names are different)Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
Big part of those shit projects impacted negatively, once newcomers got victimized they will look into this venue as a whole as scam business.
Only those developers and the people behind that will earned a lot, those late comers will surely lose their money, taking
part with scam project is really a pain in the ass.
Best not to encourage this kind of project and invest alone with projects that have solid foundations.
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
In my opinion, the tokens or coins as you mentioned earlier, we must examine the source and legality because if we invest in new tokens and coins, the risk of loss is very large. Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.
What do you guys think about this issue ?
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