What Do You Guys Think About So-Called "Shit-coin" ? - page 6.

imstillthebest

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Quote from: Dread Pirate Roberts on June 30, 2021, 02:40:48 PM

Quote from: imstillthebest on June 30, 2021, 01:11:20 PM

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway .
those that says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Yes, type coins like that are only for their community, but people tought they had hope that that coin will have a similar experience to "doge coin" but I believe it will be very difficult to happen because things like doge don't always happen in the market. especially with coin that have the same concept. without any other benefits for other people.

it did.
new coins have a simillar experience to doge in terms of being a meme coin and there are some that pumped too like a doge .
meme coins can bring fun but until now the production of meme coins still continues and it does not bring fun anymore but its now becoming annoying .
they need to stop this but it will be effective if people will ignore them .

chanler

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Activity: 753

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mulierum.com

shitcoins is a bad thing and a lot of people get the lose. it's certainly annoying and even arguably makes the crypto world bad for the people who accept it. the number of scam projects also indicates that the crypto world must be more careful. therefore it is important for us to be able to research and choose the good coins to invest so as not to get a loss, especially if we spend a big amount of capital. be careful and be aware of shitcoins that can be detrimental.

virasisog

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Most shitcoins are created for profit. Some people earn a lot money from it if lucky. Some buy during presale and sell it quickly once listed. However, this is risky it is either you earn or lose your money. Imagine coins without use case being sold in the market, most of them are running due to hype.

smyslov

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Activity: 2030

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Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 don't see any benefits from these shitcoins people are losing money and they scream shit on these shitcoins, the word shit is very bad on anything, especially on shitcoins and every investor should run away with it these shitcoins because you are just going to lose money and make you disappointed, the most important thing here is how to differentiate a shitcoin to a coin with good potential.

Fredomago

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dread Pirate Roberts on June 30, 2021, 02:40:48 PM

Quote from: imstillthebest on June 30, 2021, 01:11:20 PM

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway .
those that says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Yes, type coins like that are only for their community, but people tought they had hope that that coin will have a similar experience to "doge coin" but I believe it will be very difficult to happen because things like doge don't always happen in the market. especially with coin that have the same concept. without any other benefits for other people.

People though still in hope that with this Memes pump may happen and gives them huge profits, unknowingly that all kind/ types of project similar to this were created to generate profits for the developers.

It's better to stay away if you are not willing to lose your money, if you are a conservative type of investor, you should buy project who already have proven usages and have a good addition to this industry, progress might slow but chances of having passive income is very high.

reza7777

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Activity: 1414

Merit: 255

Previously I wanted to ask you, who said it benefits the crypto world? And where is the advantage? it's very clear that it makes crypto bad in everyone's eyes because with so many sh*tcoins it makes beginners afraid to invest in crypto

nhaila

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Moonbet.io

Shit coin just a curse for me because I already invested several coins but lastly some projects turned into shit coin which given me a lots of losses. So I never invest in shit projects without investigate.

DarkIT

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Activity: 1176

Merit: 252

Quote from: imstillthebest on June 30, 2021, 01:11:20 PM

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway .
those that says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Shit coin are most time get our money back.When we invested our money in this,it will get into many dumps and get our money.The issue is we get good intension over the coin and we believe in the concept of the loss will be recovered .Then we start to buy the same coin again and again.By thinking ,the coin will give back the profit.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

Quote from: imstillthebest on June 30, 2021, 01:11:20 PM

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway .
those that says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Yes, type coins like that are only for their community, but people tought they had hope that that coin will have a similar experience to "doge coin" but I believe it will be very difficult to happen because things like doge don't always happen in the market. especially with coin that have the same concept. without any other benefits for other people.

imstillthebest

full member

Activity: 1638

Merit: 122

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway .
those that says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

ethereumhunter

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Activity: 2912

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Leading Crypto Sports Betting & Casino Platform

Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 think that can attract attention from people to join in the crypto, especially if that shit coin/shit token gets a pump so high and give a big profit to people. People tend to follow that trend and try to invest in that because we already saw what happened to a previous project that can explode and invite many people to invest in that project. But many people also losing their money because they do not research to find the right project. They only follow what other people suggest and that is their mistake. The shit coin/shit token will comes in the future and we can not stop it because, in the crypto world itself, the new trend will replace the old trend.

darewaller

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Activity: 2926

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Quote from: DarkDays on June 30, 2021, 08:54:01 AM

There is no hell on earth that shit-coins are a benefit to crypto, these are only shilling coins on the market to take advantage of learners that don't know what they are doing and lose their money. It is all a monopoly, with no value for their existence.

But, as this crypto space is open source based and free for anyone, scammers will always attempt to suck naive investors' money by luring in the name of new projects. So, shitcoins are just part of this crypto market and if you notice everyday some new coins or tokens arrive for same repeated purposes and some newbie writes about that in this forum as well. So, we need to safeguard ourselves by making use of old lessons.

Shitcoins can be classified as a disadvantage of decentralized environment like if there is an approval authority then devs need to get permission for launching a new coins then probably we can eliminate such shitcoins before arriving itself.

DarkDays

legendary

Activity: 2030

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Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 ?

Thankfully, I haven't come across people in crypto who's belief was that shit-coins are good for the crypto community, because if I had I'd be worried about them.
There is no hell on earth that shit-coins are a benefit to crypto, these are only shilling coins on the market to take advantage of learners that don't know what they are doing and lose their money. It is all a monopoly, with no value for their existence.

NicNacCoin

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Activity: 1386

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Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 ?

Yes we found a lots of cryptocurrencies where total supply very large amount ( trillions figure) but price very low . I already invested Shiba Inu coins and it's derivatives coins. But I am fully confused about it's price and future. Have it good future!!!

Darktongue

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Activity: 574

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Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 ?

Even very old good altcoins don't release the maximum supply in a short time or some years. I think any shit altcoins doesn't want to reveal the maximum supply and circulating supply. Big investors shouldn't invest in new altcoins. Most of the new altcoins are shit, which we will see after the bullrun season. I don't invest in high supply altcoins.

DapanasFruit

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Binance #Smart World Global Token

What is happening with meme tokens that are considered to be shitcoins can be similar to the many ICOs that were introduced in 2017 and early 2018. I can only say that 99% of these new projects which usually happen in the Binance Smart Chain will just die a natural death, and they can be gone some months from today...that is why it is quite risky to be involved with them. It would be so difficult to determine which of these shitcoin can proceed to be a serious and solid platform...but for anyone that has a good taste with risks and rewards then they can be a good exposure.

TopTort777

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Quote from: isaac_clarke22 on June 30, 2021, 03:13:18 AM

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

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It hurts the crypto world.

Naaah, they dont hurt cryptocurrency world, they hurt only those who accidentally have bought these shitcoins at ATH. But they improve the value of top altcoins and Bitcoins. They are like CocaKola in the world of beverages. Once you taste, you realise that Coca Cola (or Bitcoin/Ethereum/BNB and others) is way more better than this fizzy crap.

isaac_clarke22

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Activity: 1610

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

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It hurts the crypto world. It only benefits those who invested for shorter term gains and those who exit scam on the project.
Those shitcoins are a general word for those coins that are just for the pumping purposes only to be dumped in the end losing its value.
I kind of see it as no longer an issue, as they're many of them already here in crypto space.

Dread Pirate Roberts

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Activity: 1512

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Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 ?

They call their concept a troll coin. and it's not wrong when they call it a shit coin. because their project is only based on trolling / for fun but with a high profitable concept for them. I myself am not very interested if I have to buy coins like that for my investment except only for doge ( i've using it for few years), there is many thousands of coins exist on market, there is no compelling reason to particularly seriously invest in such projects. this is my opinion.

finaleshot2016

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Degen in the Space

Quote from: RedsIsBlues on June 29, 2021, 04:28:04 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 ?

Actually it really depends on the user or trader. If a trader is very knowledgeable in the flow of the market, he can use shitcoins to make a profit because he knew the logic behind shitcoins but if a new trader uses shitcoins to gain profit but doesn't have knowledge or even research, he will lose a lot of money.

Shitcoins is more complicated than other altcoins published on exchanges since it's impossible to predict whether it will continue to pump or not because some hodlers have already profited.

I'm into shitcoins because I already gained many on that but the risk is very high and you should always DYOR before entering.

Topic: What Do You Guys Think About So-Called "Shit-coin" ? - page 6. (Read 1057 times)