What is your definition of shitcoin? - page 11.

semobo

full member

Activity: 1498

Merit: 146

Quote from: Fredomago on May 12, 2019, 10:30:42 AM

Quote from: semobo on May 12, 2019, 10:03:52 AM

The projects which are just created for the purpose of making profits for the project team and after the token sale were completed the project will left undeveloped so which is actually a shit so can be called as shit projects.

Simple explanations but in real world that's how it is, shit when the project is solely proposed to collect money and nothing else, after getting some investment and devs already being satisfied the project will be left out of nowhere and will die naturally, investing from industry should not be based
from short term benefits but also it should be taken for a long term existence.

Many shit projects were still exists that is why we have 2000+ crypto currencies and it still have some invesotrs that is why having value but in few years these will get educed due to people will left their interest on these coins.

jolle123

jr. member

Activity: 190

Merit: 1

Useless coins that disappoint a lot of investments that investors put in the project,so at the end it ends up with nothing so invest only in good project like yanu.io that currently runs a IEO amd no matter what happened in the results of IEO we can still use tokens for the future in the product of yanu.io.

Woodie

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

A shitcoin should be any digital coin with no value that can't be saved even after an effort to pump it, it can include those coins that have a market capitalisation less than 1 bitcoin after a long period of being listed on an exchange.

vertinfos

member

Activity: 518

Merit: 10

Quote from: eidoscore on May 12, 2019, 11:04:54 AM

Shitcoin is a call for altcoins at very low prices like 10sat or can be lower than that.
I think altcoin is keep needed and not only coins with just born and gone in time.
We can see lots of exchanges and even grow over time, the problem is who will place it the exchange if it's not an altcoin.
It is true that altcoin is now experiencing a continuous decline because BTC continues to increase, but I believe that later Altcoin will also increase to adjust to current BTC prices.
maybe it takes time but indeed it will definitely happen for altcoins that can survive.
That just pure my Opinion and my Analisys self.

There are many coins which are worth Satoshi , take the same for example btt , you want say that this coin not enjoys large demand ? this coin is always big trades , for me shitcoin are those that are above 200 places in capitalization

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: BitcoinCazh on May 12, 2019, 10:48:16 AM

for me shitcoin is coin with price very different with pre sale after that coin are listing, coin never listing. so that coin not have value, and the last usually shitcoin just have a little volume transaction

Price can never define a coin as shit coin or not. I can give hundreds of example on these. Bitcoin itself is an example which I have already mentioned in my previous post on this thread. Bitcoin has zero value at the beginning.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: emberbekas on May 12, 2019, 11:04:12 AM

Quote from: Apes on May 12, 2019, 10:50:57 AM

many ways to explain shitcoin characteristics . in my opinion the vital is when a project that has succeeded in crowdfunding and listing their coin on the exchange market, the coin selling price getting worse after day by day. the cause and the reasons are various kinds, from those who do not work on according to white paper project there are even those who shut down the project. so no ecosystem in to growup the price.

Yes, there are many ways to define shitcoins but most of them will certainly produce the same thing, shitcoins are worthless coins. Most shitcoins prices will run in a downtrend because there is no development nor effort to make it increase. Most of it comes from projects left by the developer.

Some worthless coins automatically drop the project in all the time. But good coins also loose the effort because they need promotion in constantly otherwise peoples are forgot the coin. Nowadays many shitcoins are enter in the market so I totally concentrate the top coins in crypto market, may be some interesting coins are attract in crypto market surely no one analyse the definition of shitcoins.

eidoscore

full member

Activity: 723

Merit: 106

STABILA [STB] - Decentralize The Financial System

Shitcoin is a call for altcoins at very low prices like 10sat or can be lower than that.
I think altcoin is keep needed and not only coins with just born and gone in time.
We can see lots of exchanges and even grow over time, the problem is who will place it the exchange if it's not an altcoin.
It is true that altcoin is now experiencing a continuous decline because BTC continues to increase, but I believe that later Altcoin will also increase to adjust to current BTC prices.
maybe it takes time but indeed it will definitely happen for altcoins that can survive.
That just pure my Opinion and my Analisys self.

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: Apes on May 12, 2019, 10:50:57 AM

many ways to explain shitcoin characteristics . in my opinion the vital is when a project that has succeeded in crowdfunding and listing their coin on the exchange market, the coin selling price getting worse after day by day. the cause and the reasons are various kinds, from those who do not work on according to white paper project there are even those who shut down the project. so no ecosystem in to growup the price.

Yes, there are many ways to define shitcoins but most of them will certainly produce the same thing, shitcoins are worthless coins. Most shitcoins prices will run in a downtrend because there is no development nor effort to make it increase. Most of it comes from projects left by the developer.

Aniwura

jr. member

Activity: 378

Merit: 1

The fact that a coin gives you profit, does not mean it is nota shit coin and the fact that it is growing at the moment you have it does not mean it is not a shit coin.
A shit coin is a pump and dump coin.

Let me try to break it down.

Shit is actually a vulgar language, which mean waste product or fecal that is passed out after uploading some substance into your system p, which the body cannot make use of or sees as waste.

Therefore, a shitcoin is a coin that is a waste to the crypto space and to the world in entirety. No real use case. It has nothing good to offer, than to make some people run bankrupt.

Apes

sr. member

Activity: 1316

Merit: 257

many ways to explain shitcoin characteristics . in my opinion the vital is when a project that has succeeded in crowdfunding and listing their coin on the exchange market, the coin selling price getting worse after day by day. the cause and the reasons are various kinds, from those who do not work on according to white paper project there are even those who shut down the project. so no ecosystem in to growup the price.

BitcoinCazh

full member

Activity: 532

Merit: 100

for me shitcoin is coin with price very different with pre sale after that coin are listing, coin never listing. so that coin not have value, and the last usually shitcoin just have a little volume transaction

muarip

full member

Activity: 591

Merit: 100

WATANABE

Quote from: EL-NIDO on May 12, 2019, 10:16:49 AM

If the project got no working product after a long time of development it is in my opinion a shitcoin. And especially if they made big promises during the ICO and collected a lot of money but can't deliver any results.

Already set will end in a scam and not get any benefits for investors because they have valuable coins and until the coins disappear on the face of the earth.

santouao

full member

Activity: 560

Merit: 101

#SWGT PRE-SALE IS LIVE

Shitcoins always disappointed investors and bounty hunters that promotes the project,And shitcoins are scams sometimes so be aware of those and make investments only in good potential coins and those projects that offerings a good product also,So dont make investments on bad projects and in not popular projects to male sure you will make profits.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: aprilnot on May 11, 2019, 10:14:39 PM

you can see in coinmarketcap, 90% of all altcoins currently available are shitcoin. all coins that are always dumped during yesterday's decline are shitcoin. coins that move because of speculation and rumors are shitcoin. and the coin of the scam project is shitcoin.

that's the definition of shitcoin in my opinion

So there is only 10% of those in the CoinMarketCap which can be considered not shitcoin. Well, you can be telling the truth. But what can be amazing is that there are more and more shitcoins out there that never made it to any exchange leaving many investors with nothing but empty bags dismayed with the whole cryptocurrency experience. Unfortunately, sometimes it can be hard to determine a shitcoin project from a real one and there are those which started so well but ended up bad. Just recently, there is the IEO trend...do you think this can help us avoid shitcoins?

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

For me it's a currency created with the sole purpose of being pumping once, right after the ico, so speculators can make profit. After this initial pump, the currency dumps and never recover itself anymore, because nobody has real interest on it.
It's a currency mainly used by speculators and not enthusiasts.

ariyzt

member

Activity: 602

Merit: 12

shitcoin for my opinion is coin with no progress and keep decreasing in value after release on market exchange
developer do nothing to keep the price stable and its like coin with no future

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Shitcoins have common characteristics:
1) No news about the exchanges, solely listed on the small exchange.
2) No regular updates to the mainnet or the platform
3) False promises by the devs
4) Tiny volume
5) Random pump dump

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: semobo on May 12, 2019, 10:03:52 AM

The projects which are just created for the purpose of making profits for the project team and after the token sale were completed the project will left undeveloped so which is actually a shit so can be called as shit projects.

Simple explanations but in real world that's how it is, shit when the project is solely proposed to collect money and nothing else, after getting some investment and devs already being satisfied the project will be left out of nowhere and will die naturally, investing from industry should not be based
from short term benefits but also it should be taken for a long term existence.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Isiaka208 on May 11, 2019, 07:29:43 PM

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?

No, that doesn't make a shitcoin. It's an expectation that coins will ever drop in price once its listed on an exchange because of activities of early dumpers.

For me, what makes a shitcoin is when a coin crashes but it's unable to rise in price again no matter what usecase it has like we have seen in the recent past. We saw that with Bytebal, Bitcoinconnect and the rest of the lending coins -firstcoin, regalcoin, glasscoin etc. Most of these coins were the talk of the town before and in 2017 and had enviable prices. But they crashed and haven't been able to rise again till now.

EL-NIDO

full member

Activity: 629

Merit: 108

If the project got no working product after a long time of development it is in my opinion a shitcoin. And especially if they made big promises during the ICO and collected a lot of money but can't deliver any results.

Topic: What is your definition of shitcoin? - page 11. (Read 1974 times)