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Topic: What Do You Guys Think About So-Called "Shit-coin" ? - page 4. (Read 1049 times)

full member
Activity: 812
Merit: 101
to me shitcoin is a coin that has no real use. The coin thrives on speculation and market manipulation. like meme coins, coins like doge, shiba, and others are one of the shitcoins. The coin thrives on the influence of influencers and repeated market speculation. shitcoin is so bad and littering the crypto market, it will just be a dump when the time comes.
indeed the term shitcoin is usually pinned to a meme coin, but for doge an exception, the achievement of doge some time ago provided several benefits for the holder, beyond the effect of Elon deliberately making a pump.
newbie
Activity: 26
Merit: 0
It really depends on the "shit coin."
Take Doge for example, it has 10k new coins added to the total supply hourly. It is a complete shit-coin. Yet, it hit approx. 70c earlier this year.
You have other meme coins that have great communities and tech, look at BANANO (hard fork from NANO).
You also need to look if the "shit coin" has function. Some might consider $BYG a shit coin but it has a function in Black Eye Galaxy as a decentralized NFT token. It could eventually make a lot of money and gains for someone.
member
Activity: 636
Merit: 11
personally i called coins as shitcoin while its have no developtment progress, no utility , and the important thing is no trading volume so we could not sell it or it have low liquidity. In doge or shiba inu case , i still believe this is not shitcoin maybe i could called it as useless coins because both of them have no utility  but its still able used as speculation assets.
sr. member
Activity: 811
Merit: 250
to me shitcoin is a coin that has no real use. The coin thrives on speculation and market manipulation. like meme coins, coins like doge, shiba, and others are one of the shitcoins. The coin thrives on the influence of influencers and repeated market speculation. shitcoin is so bad and littering the crypto market, it will just be a dump when the time comes.
Yes, but for Dogecoin I don't think it's worth saying shitcoin because Dogecoin ranks well in the crypto space and Dogecoin has also been around for a long time in the crypto space, so Dogecoin doesn't pollute the crypto market, and this is despite the influence of influencers and deliberate speculation created by someone for the sake of pumping Dogecoin.
member
Activity: 658
Merit: 10
Rangers Protocol
Somehow shitcoins are good but seldom has a guts to pump. More of shitcoins are just for temporary hype and then will gonna fade. I saw some of them recently but didn't make to stand their diamond promises to their community in telegram, Twitter and Facebook. Most of them are just for short term hype and then vanished. If you want to invest it's up to. Be extra careful to your investment.
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓
I've discovered there are now forked bitcoins that have shifted the decimal place three zeros to the right, so for every one bitcoin you had pre fork, you now have one thousand bitcoins of whatever the forked bitcoin is called.  ( ?? bitcoinZ ?? )

Now that really is a shit coin.
member
Activity: 630
Merit: 10
rocket.hashbon.com
I've been in several bounty campaigns and earned lots of different coins. Some are good and some are bad or have no price. I've had scam projects a few times in the past and it made me feel sad. From that I learned to follow a good bounty so that I get results. Shitcoin is such a bad thing that it can pollute the crypto world. To get rid of the scammers is also difficult, we can only avoid them.
hero member
Activity: 1386
Merit: 731
Leading Crypto Sports Betting & Casino Platform
From my perspective typical shitcoin is the project who don't have any real product, services and can't keep his promise according to the roadmap. On this day shitcoins is very popular and you can find it many shitcoins in pancakeswap.
Yes, the shitcoins that have been created at this time are only for a temporary life because whatever the name of the shitcoins, they will not last long and will die easily after being discarded by everyone, so it is true as you said that shitcoin is a typical project that have no real product.
hero member
Activity: 2590
Merit: 549
Rollbit
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'm not sure, does shitcoin gives benefits in crypto space?
The last time I checked, shitcoin has no value, most of the time it has no real use case and is only used to pump and dump.
The only benefit a shitcoin could give you is when you were able to ride the pump and sold everything before it crash.
Nevertheless, a shitcoin is being called a "shitcoin" for a specific reason that it's useless, just a tool for pump and dump.
sr. member
Activity: 1610
Merit: 294
www.licx.io
Shitcoin has been popular for a long time, and the core of their propaganda is community autonomy. But I think this is actually another kind of greater fool theory
Yes, shitcoin is the work of the crypto community whose only job is to attract the attention of investors so that they can profit through other people's losses, so that's enough reason to be ignored.
sr. member
Activity: 1414
Merit: 259
Undeads.com - P2E Runner Game
In my opinion, there are two possibilities that will occur if there is a large supply of coins provided by the developer.
First, the developer of the coin very easily took advantage of the many investors who were attracted to the price of the coin because of the low price.
then the second problem is the lack of investor confidence in crypto when there are so many Shit-coins popping up. I think like that
Yes, that's true because the two possibilities you mentioned have happened in the past as well as at this time, but for investors who are very experienced in the crypto space, they will always prioritize their own analysis before believing in shitcoins or new coins with very high supply.
legendary
Activity: 2268
Merit: 1655
To the Moon
From my perspective typical shitcoin is the project who don't have any real product, services and can't keep his promise according to the roadmap. On this day shitcoins is very popular and you can find it many shitcoins in pancakeswap.

One of these varieties can be called coin-memes, such as Doge and its various counterparts. In fact, they should disappear from circulation after a certain time, since they do not have a real product, but thanks to the support of the community or certain personalities, such as Elon Musk, they become a toy for pump&dump.
full member
Activity: 1064
Merit: 101
HELENA
to me shitcoin is a coin that has no real use. The coin thrives on speculation and market manipulation. like meme coins, coins like doge, shiba, and others are one of the shitcoins. The coin thrives on the influence of influencers and repeated market speculation. shitcoin is so bad and littering the crypto market, it will just be a dump when the time comes.
sr. member
Activity: 1904
Merit: 447
I have no idea. nowadays very many developers are making meme coins after seeing the price of doge going up, and making shiba inu. however, in my opinion, instead of making coins like that, developers should make tokens that are useful and able to attract people because of their functionality. however, I believe that most people see meme coins as a just coins for their own profit. Yeah, but, I don't know for sure. however, I'm more interested in looking at coins like BNB or ETH.
jr. member
Activity: 30
Merit: 4
Shitcoin has been popular for a long time, and the core of their propaganda is community autonomy. But I think this is actually another kind of greater fool theory
full member
Activity: 1512
Merit: 115
yes in this period new altcoins / shitcoins are appearing like mushrooms but in my opinion it is not wise to invest in them especially with this really uncertain market better to be safe and invest on the top 15 of the exchange rankings, perhaps with a little less earnings but much less risk too
It's safe to invest when shitcoins are high but the market is down a lot at the moment so the risk will be higher. I think it's better to invest in etherium and other altcoins than shitcoins that are in the market it is in a good position and the risk is very low.
Unlike other Altcoins, we believe it is better to invest when the market is low or has dipped like this so that you can buy more for when the price is high and make more profits but if I get you correctly, you cannot invest in shitcoins because the market is down?  Grin Grin Grin Well, I guess that's why they are called shitcoins. You only feel safe to invest in them when they are been pumped cos there is not confident that they can rise with the real coins after the market sees this type of correction.
sr. member
Activity: 1414
Merit: 326
yes in this period new altcoins / shitcoins are appearing like mushrooms but in my opinion it is not wise to invest in them especially with this really uncertain market better to be safe and invest on the top 15 of the exchange rankings, perhaps with a little less earnings but much less risk too
It's safe to invest when shitcoins are high but the market is down a lot at the moment so the risk will be higher. I think it's better to invest in etherium and other altcoins than shitcoins that are in the market it is in a good position and the risk is very low.
sr. member
Activity: 2548
Merit: 329
I think the market was full of shit coins before, but now
new shit coins that don't even try to hide that they are shit coins are taking over the market. What's happening? The market urgently needs a cleanup.
They aren't hiding because of what happened with Dogecoins. Earlier being labelled as a shit coin meant investors will run away from the coin but now people despite knowing and the token claiming themselves as shit/meme, will invest money into them because there is a FOMO within every investor.

Dogecoin went huge and a lot of coins followed it like SHIB and then once SHIB was gaining enough attention, there were tokens that followed closely behind it like Akita Inu and others. These token creators watch what is the current investing trend and will just follow it blindly and I think they are even being successful because lots of people are trading these coins without half of them knowing what these tokens are meant for actually.

How to stop this from spreading? We traders must strictly avoid trading these coins at all. Trust me, only the creators of these tokens are earning money at the end with these tokens.
hero member
Activity: 2282
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
I think the market was full of shit coins before, but now
new shit coins that don't even try to hide that they are shit coins are taking over the market. What's happening? The market urgently needs a cleanup.
For some people these shitcoins have given the best outcome. It means those users are lucky to make big deal out of it. I prefer investing on such coins with very small funds and hold a big volume. This is all because of the cryptomarket being a place where anything could happen. Another thing one day myself can also get lucky out of the manipulation from Elon or some powerful hodlers. Though shitcoins aren't valued it has got some value in it for such stated reason.
hero member
Activity: 1946
Merit: 540
Leading Crypto Sports Betting & Casino Platform
This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Large supply isn't the best indicator of a meme coin. I think coins with no use case and no real thought process behind the coin are termed meme-coins. Any coin that doesn't add any benefit to the crypto ecosystem is technically a meme or shit coin.

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.
Such coins do NO good whatsoever to the community and only bring bad vibes. If someone invests in these coins and loses his money, he would not blame the coin alone but would exit the market and bad-mouth about bitcoins and cryptocurrencies in general and they aren't to be blamed, it's the scam and shit coins that should be blamed.

What do you guys think about this issue ?
I think this is not going to stop anytime soon because people for some reason keep pouring money into these projects and eventually the projects are going to get encouraged as long as they get money from the market.
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