Topic: What is your definition of shitcoin? - page 7. (Read 1974 times)
Any coin that I invested in and it’s not yielding profit, then it’s a shit coin. There are coins that once you buy them they will start to drop in price and you will not even gain a single profit from them. They are just a waste of time. This has happened to me once and that’s why I’m always careful with altcoins, cause all these new altcoins are the ones that are most likely to turn into shit coin. I’d rather keep on investing in coins that are already well established and more popular than coins that are still new and has no vision and hope.
All you describe is the shitkoins. Is it hard to understand? With the increasing popularity of cryptocurrency on the market, a lot of shitcoins appeared.
That's why the best thing you can do is assume that all the coins in the market are shitcoin unless and until they prove you otherwise.
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?
Everyone decides for himself a shitty coin or not. For someone, that coin on which he has lost a lot of money and does not want to keep it in his purse can become a shitty coin. Another person may consider a shitty coin, which for a long time does not grow in value and stands still.
Everything is relative.
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?
Everyone decides for himself a shitty coin or not. For someone, that coin on which he has lost a lot of money and does not want to keep it in his purse can become a shitty coin. Another person may consider a shitty coin, which for a long time does not grow in value and stands still.
Everything is relative.
... i have seen great proyect who were destroyed by the bear market.. just as tombola it was about a crypto casino online. When they finished their ico.. the ether and bitcoin price started to freefalling.. the poyect seemed strong.. even they try to pay monthly to their investor as they promised but the beark market detroy their liquidity.. it was a good proyect but now.. that token is useless...and even they are not paying monthly in ether as they promised in the beggining. that make them as a failed proyect = shitcoin.
My definition is that shitcoin has no product behind, minimum sense and none of liquidity. After wave of hype no one is needed in shitcoin, so stay away from investing in shitcoins!
All you describe is the shitkoins. Is it hard to understand? With the increasing popularity of cryptocurrency on the market, a lot of shitcoins appeared.
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?
Those that are having an ICO and then listed at the exchanges and that is dumping always, no updates from the developers and no improvements on its project, and it sounds like they are all selling their tokens in order to get more money, this is just my personal opinion of a shitcoin which is normal nowadays and that is everywhere, in fact, almost all of the ICO's last year became a shitcoin.
In my opinion, shitcoin is no volume, useless and no one want to hold it.
For me, I don’t wait till a project enters exchange and have no volume before I know that it will end up being a shitcoins, from their whitepaper and their team, I will already know if the product they are proposing is one that will sell to the world at large and something that people will be eager to hold, and secondly check if their team is going to be up to task, if I don’t have convention about this, I already define them as shitcoins even before they enter exchanges, and I guess that is why people just take advantage of the first initial pump to take profit and dump them because they do not see any bright future with them. 
In my opinion, if the project does not have a roadmap, information about the team is hidden and the coin has low liquidity, then this is enough to call the project shitcoin. The project should have a road map and follow it, hold meetings with the community, be in demand. If you created the coin, which is originally useless, that you have created shitcoin.
well, I used to think that shitcoin is a coin left by the developer, or no development at all. now there are some coins that I hold, and have such conditions. moreover there is no market or the price is really low and far from the standard price. all this time I think like that.
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, shitcoin are coin or token with no further development from developers team. Beside that, daily transaction volume not too sginificant and very low. If want to invest in altcoin, i think better choose from top 200 coinmarketcap
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?
You see that last part of your statement is the real definition of shitcoins to me, because we all know that there is always a bear market season, and even if a project is continuously declining in price, their working product will still be helping to see some increase sometimes, but a shit project is so redundant, even with the bull run that has been making a lot of projects respond positively. We have almost 40% of projects that are in the market without a working product and I wonder why we keep embracing these projects when we already know that they don’t have working products, and there is no way a project that doesn’t have product that will be sold to the world to help them continuously gain value will survive.
What you mentioned is one of the definitions of shitcoin. Or maybe it could be called a useless coin and dead coin because the team from the related project is not serious about developing the project.
In my opinion, shitcoins are coins of no value. In real life, they are coins despite its exchanges, it will not generate or yield any profts hence it is worthless.
Yes a coin with no value and not providing any proof that make it worth in the exchange. Even if it is listed in the exchange and no product this will become useless and worthless. That is why mostly it become delisted in the exchange so let us become be more careful when investing to a coin to avoid lose.
in my opinion shit coin is a coin that has been registered in the market but does not have a high selling value. because they have managed to collect but cannot raise the price of the coin. it was a failure called shit coin.
In my opinion, shitcoins are coins of no value. In real life, they are coins despite its exchanges, it will not generate or yield any profts hence it is worthless.
Yes a coin with no value and not providing any proof that make it worth in the exchange. Even if it is listed in the exchange and no product this will become useless and worthless. That is why mostly it become delisted in the exchange so let us become be more careful when investing to a coin to avoid lose.
In my opinion, shitcoins are coins of no value. In real life, they are coins despite its exchanges, it will not generate or yield any profts hence it is worthless.
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 will take the later. A project without real life project neither is there a reasonable increase in price is as good as dead. A dead coin is what I consider a shit coin. Any coin with a working product and minimal increase or stability in price still has potential to do more than expected.
When a well hyped coin is been listed on exchange at a very shitty price and instead of the coin picking up in few days time, still keeps dipping, is called a shitcoin
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