What is your definition of shitcoin? - page 2.

coinporch

sr. member

Activity: 1036

Merit: 252

Dolphins Finance TRUSTED FINANCE

Quote from: Marvel101 on June 11, 2019, 08:19:54 AM

Can there really be a debate on what is shitcoin? I think everyone understands the meaning of this word correctly. Unnecessary rubbish that costs nothing, with no prospects for growth

yeah a shitcoins is a coins with no value and no active developments
this coin just stand on our wallet without value
so, this coins have no chance to be huge soon or later

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: Ranly123 on June 11, 2019, 04:31:24 AM

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?

Something like what you define is what shitcoins for me. There are also instances that I may call a coin shit when it does not grow for more than a year after listing or worse die.

Shit coins really do that even there's already chance to grow but there's no progress or appeal to investor it will just die naturally after
some months inside the exchange, you don't have anything to expect than to lose your invested money.

Marvel101

jr. member

Activity: 294

Merit: 7

Can there really be a debate on what is shitcoin? I think everyone understands the meaning of this word correctly. Unnecessary rubbish that costs nothing, with no prospects for growth

fortunecrypto

legendary

Activity: 2450

Merit: 1047

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?

Any project where investors losses their investment can be considered a shitcoin, apart could looks good in paper but id it lacks support coming from the community and there's no volume then it can be considered as shitcoin, investors and users want profit and usability if these two lacks in any project then it is a shitcoin.

[email protected]

member

Activity: 645

Merit: 10

The most basic thing that indicates that the coin is a shitcoin is if it is not represented on the exchange or has a low trading volume. This means that it has no interest in terms of technology, and has no community support, which is tantamount to death.

okour999

member

Activity: 393

Merit: 10

Decentralized Gaming Platform - Play & Earn $

It can be said if shitcoin is an altcoins when their project is poor or their roadmap and I'm sure that when you invest in them your losses will be great so be careful of selecting altcoins that you just want to buy because there are altcoins shitcoin The forum is widespread.

FoBoT

sr. member

Activity: 658

Merit: 250

Shitcoin definition is a very wide concept, a shitcoin are coins that does not give anything in returns to the miners, holders and traders, they are not able to recover any funds invested into getting the coin and there is no future chances of earning returns on its investments.

Redg85

jr. member

Activity: 258

Merit: 2

hello mate! for me the definition of shit is both a continous price decrese after listing in a certain market or not listed in any market at all and lacking or without a specific real life working products or services to improve people's daily lives. they are actually used by scammers to gain a lot of profit and run. cheers!

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

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?

Something like what you define is what shitcoins for me. There are also instances that I may call a coin shit when it does not grow for more than a year after listing or worse die.

z21770179

sr. member

Activity: 474

Merit: 250

I think a shit coin project is a non-transparent project in their project. If there's nothing wrong, they won't need to hide it

Claude46

newbie

Activity: 42

Merit: 0

For me my definition of shitcoin is a coins wich has no value, in short shitcoins are literaly a useless coins with no usage. To avoid this coin, you musy only be in an alts that can give you a good profits in return so basically it is he dencoin token. We also have to be aware of this kind of shitcoin because it is usual way using as a scam coin tje market.

Alpha0One1

full member

Activity: 588

Merit: 107

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?

A shitcoin is a copycat with no further innovation/improvement done to set it apart from the original.
A cash grab for the developers.

I think there are more shit tokens in eth now compared to shitcoins which have their own separate blockchain.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

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?

Even shit coins price can increasing sometimes, with the power of pump and dump groups. Grin

From my opinion, shitcoin is a coin that has no function. No function = no demands, no demands = no value.
if the coin has real working products, then it is not shitcoin, although the price of the coin maybe low.

BryanK

sr. member

Activity: 812

Merit: 250

I think that this coin is determined by the organizers of the project. They themselves develop a low-functional currency with the only ability - speculation.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

IMO, a shitcoin is a cryptocurrency which doesn't have anything unique to offer. In short, it is a copycat and was created by an individual or a group of individuals for their own profit. Such shitcoins may undergo one or more cycles of pump-and-dump, and anyone who is unfortunate enough to hold them after the dump will face huge losses.

cryptofirm

sr. member

Activity: 1039

Merit: 250

BabelFish - FISH Token Sale at Sovryn

Quote from: seleme on June 09, 2019, 12:13:43 PM

Quote from: suprnurd on June 09, 2019, 12:04:46 PM

Is shitcoin the same as scamcoin? If so then I say that any coin that is a scam is a shit coin.

Shitcoin is the coin that has no volume, no whitepaper, anonymous team behind the project,etc. Scam coins are created for scamming the investors but shitcoins sit in the wallet for nothing in the return on the investment. I prefer every shitcoin than any scam coin.

yes, i agree with your words about shitcoins my friend, a coins that only shit in the wallet with no value always called shitcons
and i hope some day i can sell all my shitcoins in my wallet buddy, because i have few shitcoins in my wallet now

jackflag

sr. member

Activity: 630

Merit: 250

Glad to see you

I completely agree. Shitkoins without a product, this is the first thing that produces them. Then they usually have few users, especially those who are recently on the market.

H1N1

full member

Activity: 812

Merit: 100

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?

It is actually only a dead coin, a coin that has no value because many peoples sold the coin.
They sold it because nothing happening in the project, the devs may already left the project and scammed investors.

suprnurd

member

Activity: 250

Merit: 12

Support Guru

Quote from: seleme on June 09, 2019, 12:13:43 PM

Quote from: suprnurd on June 09, 2019, 12:04:46 PM

Is shitcoin the same as scamcoin? If so then I say that any coin that is a scam is a shit coin.

Shitcoin is the coin that has no volume, no whitepaper, anonymous team behind the project,etc. Scam coins are created for scamming the investors but shitcoins sit in the wallet for nothing in the return on the investment. I prefer every shitcoin than any scam coin.

I would have to agree 100% with you. Unfortunately I possess quite a few shit and scam coins. Sad

Quote from: mr_random on June 09, 2019, 01:21:28 PM

Short selling the shit coin is only exit from trap and there are no other way around. Unfortunately, I have invested in the shitcoins and I get rekt by these decisions.

Happens to me too all the time. Usually if something is too good to be true, then it really is.

mr_random

legendary

Activity: 1344

Merit: 1001

Short selling the shit coin is only exit from trap and there are no other way around. Unfortunately, I have invested in the shitcoins and I get rekt by these decisions.

Topic: What is your definition of shitcoin? - page 2. (Read 2004 times)