What is your definition of shitcoin?

BitFinnese

copper member

Activity: 1050

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Quote from: akamit on May 11, 2019, 06:47:42 PM

Quote from: Isiaka208 on May 11, 2019, 06:29:43 PM

The continuous price decrease after listing on an exchange with actual working products in real life

The above quoted line defines Shitcoin!

Regardless of your explanation,I don't think this can be called shitcoin. So can you say Bitcoin is a shitcoin too since from 2017 it goes down in value after peaking to 20k USD. Lots of whales and pioneers dumped their Bitcoin to gain profit. Ethereum too lost 90% pf its value. And almost all cryptocurrency do lost their value. The only thing that separate good coin from shitcoin is its real life products and use case. If you omit that as deciding factor to be a good coin then all in cryptocurrency industry is shitcoin.

Ulven

legendary

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Quote from: MisterLangley on June 12, 2019, 10:58:07 AM

Maybe in general, all humans know that if work is really more profitable because it is in accordance with trade procedures, but if it is skilled in working with dirty things it is more natural to be propelled according to the desires of people who are really smart in the field of merchandise, because the definition is that we who will choose the game for the price still will not go down

I think the price is not determined by the smart ones,But the total value of goods and services and demand and supply.It is also called inflation and deflation,The larger the demand for goods, the higher the price value and the reverse is true, ie, the lower Grin

TobiasVR

sr. member

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Quote from: Isiaka208 on May 11, 2019, 06:29:43 PM

What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?

I define shitcoin only in the team. the team cannot pump coins into good prices and coins sink at low prices and coins do not show a steady increase.
usually the coin is left by the team when the team gets a large profit from the sale and they are not responsible for that.

MisterLangley

member

Activity: 658

Merit: 10

Maybe in general, all humans know that if work is really more profitable because it is in accordance with trade procedures, but if it is skilled in working with dirty things it is more natural to be propelled according to the desires of people who are really smart in the field of merchandise, because the definition is that we who will choose the game for the price still will not go down

qomariah95

full member

Activity: 1190

Merit: 100

Very many now become shitcoin, I'm sure they don't develop projects. Therefore there is no request. With that sooner or later there will always be more shitcoin that is now available. All of us here know every day as long as there is a new coin / token and if we cannot compete, we will certainly die and become shitcoin.

JuliaJi

full member

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I am holding because I saw a lot of times when dead or weak shitcoins in some moment raise to the moon! thats my hoping to have great profit!

GREENch

full member

Activity: 1400

Merit: 103

Quote from: m.rifki on June 11, 2019, 12:39:33 PM

Quote from: GREENch on June 11, 2019, 12:35:40 PM

One of the signs of a shitcoin (project) will be the appearance of expensive machines in developers soon after the ICO. Read the history of the project HOQU is an example of crappy project.

sometimes those who do their tokens are not registered in exchange. we must clearly see the support of their community and developers. if you don't want to invest in shitcoin wrongly.

What are you talking about?
I did not ask for your advice on this subject. The more that they have nothing to do with my message!

aioc

hero member

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Quote from: Isiaka208 on May 11, 2019, 06:29:43 PM

What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?

Shitcoins are pump and dump coins they do have an actual product but it's only a duplicate of an already existing product or platform, I have seen so many shitcoins in the market that failed to generate support from the community because their platform is not new in the market and only targeted a small and specific group in one industry.

ahmed04

sr. member

Activity: 588

Merit: 250

Shitcoin is a coin that has an unpredictable future. That is, at the moment it is very small price and it has no project. But in the future it may appear. Shitcoins is therefore ambiguous.

Indamuck

hero member

Activity: 1120

Merit: 554

Quote from: tuapoma on June 11, 2019, 01:31:06 PM

Bitcoin will never hit $1M b/c it doesn't have the right economic nor developer infrastructure that is required to hit that kinda of valuation.

The Bitcoin protocol is 'stuck' in ideology. A 1st gen of the past. No tech in history has ever hit mainstream w/ that type of design.

Dash is in front in many aspects, but the volume is too low yet. When people start to realize $dash as the best alternative we will skyrocket from 0.018btc to 0.1 in few weeks. DASH is Digital Cash!

https://twitter.com/JesusCrypto33/status/1138478543619407872
Roll Eyes

Everyone has a right to their own opinion but most people on this forum believe the only coin that is needed is Bitcoin. Lightning network is yet to take off and it is unclear whether that will really help with the scaling issue or not.

tuapoma

sr. member

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Bitcoin will never hit $1M b/c it doesn't have the right economic nor developer infrastructure that is required to hit that kinda of valuation.

The Bitcoin protocol is 'stuck' in ideology. A 1st gen of the past. No tech in history has ever hit mainstream w/ that type of design.

Dash is in front in many aspects, but the volume is too low yet. When people start to realize $dash as the best alternative we will skyrocket from 0.018btc to 0.1 in few weeks. DASH is Digital Cash!

https://twitter.com/JesusCrypto33/status/1138478543619407872
Roll Eyes

StatesManG

copper member

Activity: 462

Merit: 10

Quote from: Isiaka208 on May 11, 2019, 06:29:43 PM

What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?

well personally, I don't like using that term shitcoin because it makes me look unprofessional. But not that I don't understand what they are trying to say by that word. It simply means a coin without value or that will not give any value. I decide to address it with that than using the word shitcoin

forexandcryptoauditor

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Activity: 1190

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From my point of view, it all starts with hype. A very good project with thousands of members, everywhere on social media you will see how good this project is, i.e. unbeatable. We were explained about how we lose the opportunity if we don't buy within the ICO or IEO period. Waiting for good exchanges for months and then coin drops more than 50% on its first listing.
This again we consider as an opportunity to invest more with fewer funds, as per a few so-called HODL members and still after 6-7 months the price is more than 50% or more down.
This is a shit coin for me.

sadewa69

full member

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Quote from: suryapro on June 11, 2019, 12:52:54 PM

Shitcoin in my opinion is a coin that comes from a project that aims only to deceive investors. after much profit they will run away with a lot of money without leaving a trace. in my opinion this is shitcoin + shitteam,I think.

not really, those who have products from their platform, and their tokens that have been registered to exchange can also be called shitcoin. if their tokens do not have enthusiasts or do not have trade transactions.

suryapro

member

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Shitcoin in my opinion is a coin that comes from a project that aims only to deceive investors. after much profit they will run away with a lot of money without leaving a trace. in my opinion this is shitcoin + shitteam,I think.

m.rifki

member

Activity: 517

Merit: 10

Quote from: GREENch on June 11, 2019, 12:35:40 PM

One of the signs of a shitcoin (project) will be the appearance of expensive machines in developers soon after the ICO. Read the history of the project HOQU is an example of crappy project.

sometimes those who do their tokens are not registered in exchange. we must clearly see the support of their community and developers. if you don't want to invest in shitcoin wrongly.

GREENch

full member

Activity: 1400

Merit: 103

One of the signs of a shitcoin (project) will be the appearance of expensive machines in developers soon after the ICO. Read the history of the project HOQU is an example of crappy project.

Handsome Boy

copper member

Activity: 812

Merit: 12

I ❤ ₿itcoin and Ethereum

Quote from: Isiaka208 on May 11, 2019, 06:29:43 PM

What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?

in my opinion shit coin is a coin whose price never rises but continues to decline and never keeps its promise (progress of the project is not in accordance with the roadmap or very slow), so the coin will become a shit coin because there are no more investors who will trust it and of course the coin will die (has no volume and price).

Prompyboo

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World's First Crowd Owned Cryptocurrency Exchange

Quote from: miklesm on June 11, 2019, 09:19:25 AM

Shitcoin is a cryptocurrency without any active development and is not listed on any exchanges or traded close to x0.01 to it's initial price on ICO/IEO.

I think you are wrong. Now there are a lot of shitkoins who are even in the top 200. Any project can be such a coin.

miklesm

member

Activity: 1078

Merit: 10

Shitcoin is a cryptocurrency without any active development and is not listed on any exchanges or traded close to x0.01 to it's initial price on ICO/IEO.

Topic: What is your definition of shitcoin? (Read 2001 times)