What Do You Guys Think About So-Called "Shit-coin" ? - page 2.

Khumaidi

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Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

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.

gurunanakji777

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SOL.BIOKRIPT.COM

Many traders or investors consider shit-coin as a good opportunity to make quick money in the recent time we have seen many investors invest in the meme coins in hope of making quick money but truth is that hardly 1-2% of them are able to make good money otherwise most of them loose. In recent times many shit coins pump and dump also even we have seen rug pull also where mostly all the investors lose their money so we should focus on good coins rather than shit coins. These shit coins in my opinion ruining the image of the cryptos it is not good for the market I feel. Good product base coins are the future of the crypto market.

carrigan

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Shitcoin refers to cryptocurrencies that have very little value or even no value at all. Usually, shitcoins are aimed at cryptocurrencies or altcoins that were created after the explosion in popularity of Bitcoin. In short, shitcoins are useless coins in cryptocurrency. There are already a lot of shitcoins and they only hurt. So I think shitcoins will only demonize cryptocurrencies. You have to be really careful in choosing the coins to invest because you are afraid that the coins you choose are wrong and are classified as shitcoins.

guydin

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www.fintropy.io

Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

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 can say that it is a good tool for fast income. But anyway it is very dangerous to try to hold them. Of course they can give you a big profit, but they are still very risky. You can lose a lot even if they are not scams, but just because of the lack of advertisement, or the bad mood of the crypto market. As for me, investing in shit coins is a lottery, so if you are tolerant of risk you can try.

MIner1448

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Tontogether | Save Smart & Win Big

In my opinion, it's not bad when really worthy new projects start at a low price and then gain popularity and grow in price, for the crypto community this is only a plus, but there are tokens that really immediately by name you can see that this is a scam coin, these tokens are simply heaps of , they certainly harm the image of the cryptocurrency itself, especially for newbies who have just entered this world.

aioc

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Quote from: ?? on ??

Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

What do you guys think about this issue ?

Shitcoin is a term used for coins that have no built-in value, these coins or tokens are copycats created to ride the momentum of more popular coins, shitcoins basically have no real purpose this is one of the reasons why almost all shitcoins don't last long.
So far we've only seen a lot of people suffer losses rather than gains during their dealings with shitcoins.

But unfortunately, many investors support and invest in these shitcoins, some overlooked it believe in shills and ride on the FOMO and without looking at the potential and the usefulness of the coin in the market, they are very stubborn on the signs that are showing, all they can see are the profit that they are going to make.

Shitcoins life span is very short and many failed to get out in time, they have nothing to blame but themselves.

fuguebtc

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Leading Crypto Sports Betting & Casino Platform

Quote from: DonFacundo on August 24, 2021, 08:57:03 AM

I don't see shit coins that can be benefits in crypto world maybe the behind of shit coins are, you know the scammers. Shit coins are not really good investment that's why it called "shit coin" because of pump and dump scheme, some are just memes with no project behind it and some are just created to scam people. So don't invest in shit coins, better to research the project first before to invest the coin.

Most shitcoins are made for scams, but shitcoins are clearly part of the market. The hype generated by shitcoins helping the crypto market has attracted a lot of interest and new capital inflows. Shitcoins can make us all lose but sometimes they bring wealth to some people if they are at the forefront of new trends.

Quote from: adibi12 on August 24, 2021, 09:16:58 AM

I think the total supply has no effect on the quality of the coin/token, let's learn from Doge, with a total of 130 billion, but still very valuable in the crypto world and the market, it all depends on the developers how they manage the market strategy so that the demand for tokens/ coins can be stable or increasing, unfortunately they don't study harder than what the doge team has earned, so that they can follow in the doge's footsteps.

Agree!. Can't look at the total supply to judge if it is shitcoin or will become top coin. The potential of a coin/token is based on the development, effort of the development team behind coin.

adibi12

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I think the total supply has no effect on the quality of the coin/token, let's learn from Doge, with a total of 130 billion, but still very valuable in the crypto world and the market, it all depends on the developers how they manage the market strategy so that the demand for tokens/ coins can be stable or increasing, unfortunately they don't study harder than what the doge team has earned, so that they can follow in the doge's footsteps.

DonFacundo

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I don't see shit coins that can be benefits in crypto world maybe the behind of shit coins are, you know the scammers. Shit coins are not really good investment that's why it called "shit coin" because of pump and dump scheme, some are just memes with no project behind it and some are just created to scam people. So don't invest in shit coins, better to research the project first before to invest the coin.

hitsnorth

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Activity: 143

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I don't think it makes crypto market looks bad. When crush is happening a lot of shitcoins are fading. There's just a lot of opportunities for everyone to start their own coin. But it should be built on something valuable and interesting and not just make profits for it's creator.

litepool.ru

full member

Activity: 531

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See who is the speaker here?

They don't know anything about this market to make such a statement. But this person I have to give them is a paranoia rather than a grounded belief. Everything has a price for a reason, the crypto market we know shitcoin is just a small corner, take a look at this market for yourself and think about it why you like shitcoin

Dedewahyu

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Tokens/coin with a number that exceeds trillions of tokens that do not have good technology and fundamentals, anonymous teams that cannot be recognized and even tokens without whitepapers, you should stay away from tokens like that, because the hype shitcoin pump and dump is over, don't let your money go away and lose.

aemma

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Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

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 ?

With the skyrocketing of Doge coin as a Meme coin, many developers started creating theirs hence the reason many where created with even more supply you can imagine, well according to some people it is easier to pump. But however, we need no one to tell or explain to us what a shitcoin is and what it's not, anyone trying to paint a better picture of what shitcoins is all about is probably trying to shill or hype the project to people.
Also, whether large supply or not, there have been many projects with less supply which are still shitcoins, so in a way, shitcoins is not only about coins with very high supply but coins with no use case, no tangible thing from the team other than shilling in different social media channels and so on.
A coin like SOL doesn't needs shilling or hype from the team, what it offers and what the team are capable of doing is enough to create the right hype.

kak uli

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Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

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 ?

because of the large number of coins launched to be listed on the market, on the one hand it benefits the crypto world. but if the coin is a scam token or Shit-coin then it will harm many people, including investors who will be harmed so that investors lack confidence in digital currencies. I think this is where the loss experienced by the crypto world

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: RBLT on August 24, 2021, 12:04:09 AM

Well, Shit-coin is a shitcoin. They usually have little value or no value at all. Many-many creators made a lot of coin supply to be airdropped and each coin probably 0.0001. That's a shitcoin right there. It will only became a trash in your wallet, so there's no point holding them in your wallet Cheesy

We have two shitcoins in the top-10 list from Coinmarketcap (Dogecoin and Ripple), with a combined market cap of $100 billion. You may still be able to defend XRP, but what about Dogecoin? Anyone who is aware of its history will not deny the fact that Doge is a shitcoin. It was first created in 2013 by Billy Markus and Jackson Palmer, to mock the very idea about cryptocurrency. The most ironic fact about Doge is that the promoters never took their invention seriously enough. Else they would have been billionaires by now.

RBLT

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Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

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 ?

Well, Shit-coin is a shitcoin. They usually have little value or no value at all. Many-many creators made a lot of coin supply to be airdropped and each coin probably 0.0001. That's a shitcoin right there. It will only became a trash in your wallet, so there's no point holding them in your wallet Cheesy

ogundowotoby01

jr. member

Activity: 117

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The low barrier of entry into the crypto-currency market and has created a market where over 90% of the projects are very low valuable projects and their cryptocurrencies will will most likely not be successful in the long run so as a consequence of that there is so many shitcoins and that is just to show why there is need for some sort of regulation for the decetralized market to thrive. Shitcoins is every investors nightmare and no one likes to be holding bags of it

taufik0911

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HEX: Longer pays better

Quote from: marilynmanson21 on July 14, 2021, 10:04:46 AM

shit coin can't be for the long term, they just rely on fomo I think, for old players they will understand if they are going to take a position to take shitcoin, they will definitely hit n run, and will never come back when they get a profit

I entered the world of cryptocurrency since 2014
doge used to be called shitcoin but now doge is shocking cryptocurrency lovers because doge can achieve surprising ATH and provide huge profits in a short period of time
if you look at the events that have happened to doge, how do you view shitcoin today
?

Kunnu

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Imo shitcoins have become an important part of cryptocurrency industry nevertheless I would say that investing in shitcoins is like gambling so invest very carefully if you want. These days it's surprising to see that big investors are investing in shitcoins that's why we can see there are some shitcoins in cryptocurrency market with massive volume, although we must not depend on shitcoins because of its higher risks.

CryptoGuy42

newbie

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Quote from: Fivestar4everMVP on July 15, 2021, 04:50:24 AM

Quote from: RedsIsBlues on June 29, 2021, 05:28:04 AM

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 ?

Well, from my Personal point of understanding, that a coin has a very large total supply does not make it a shitcoin, or qualify it for that tag, any coins without a good or unique use case is considered a shitcoin, and this is regardless of whether it has a lot of supply or just a few millions, a coin with just 1 million in total supply and each coin worth 0.001 is a shitcoin.
To make you and everyone else understand better, a coin that promised tech it obviously can't be able to build or wasn't able to build and as such is considered a failed project is a shitcoin, it has nothing to do with the total number of coin supply it had or has.

What about a new coin with a low supply that has use case?
I've been looking at $BYG for some time now. It has use in the Black Eye Galaxy game/nft game. It has some serious gains this week, but I know some of that is new. The company has a great roadmap posted and looks really fun to actually collection/play.

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