Well in my definition can be a bit radical, because any currency or altcoin that has no life of its own will forever be shitcoin, until proven otherwise, is what I think personally, why? Simple all the altcoins depend on bitcoin, until now a cryptocurrency that does not depend on bitcoin has not come onto the market, because those that come out have no liquidity to resist a market that there are many operators with high sums of money that can pay their investment.
Normally the Stock Market has liquidity in most of its shares, in big companies like GE, Walt Disney, among others are stocks with a lot of history, something similar happens with bitcoin, the coins that follow bitcoin that have more history starting Bitcoin is Ethereum, but it depends on Bitcoin and its movements.
My definition of Shitcoin is like when you try to take out a coin other than bitcoin and apply a fork to it, it is when a coin is cleared of many Exchanges, I think that is the proper definition of shitcoin.
Topic: What is your definition of shitcoin? - page 9. (Read 1974 times)
For me, these are the coins created only for the benefit of the creator and not for everyone. There are so many voins that have no value and no development on its side. I giess the reason why it has no value because the project made this coin just for the project and not really for the people.
There are a lot of such coins in existence and many of them are no longer actively traded or mined. What happened during the two bull runs (2013 and 2017) is that Bitcoin got a lot of media attention and people with hardly any knowledge in crypto suddenly pumped in huge amounts without any planning. For many of these people, Bitcoin was too expensive. So they were looking for cheaper alternatives that would give them crazy returns. In the end they invested in shitcoins and lost all of their investment.
-
... a stable price and a minimal increase in price but lacking real life working products?
... a stable price and a minimal increase in price but lacking real life working products?
How they do not have a product can maintain prices, it is certain that the community does not interact well, or is registered in a bad exchange.
Bad coin projects are those who do not follow their roadmap or their team does not have good interaction with the community.
Shit coins are those coins that have absolutely no value. Their price on the stock exchange is constantly declining, and volumes are becoming smaller and smaller. This is the key definition of a shit coin.
You just got the point nailed.The decline in volume sometimes get to a stage of zero volume.
There are so many of the listed on CMC. Some people have tried to resurrect them, but because they are shit coins, they have refused.
For me, these are the coins created only for the benefit of the creator and not for everyone. There are so many voins that have no value and no development on its side. I giess the reason why it has no value because the project made this coin just for the project and not really for the people.
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?
The coin becomes shitcoin when developers cease to engage in their project and it ceases to be of interest to investors. Then all shitcoin owners try to sell it quickly at any price while it is still worth something. This finally finishes the coin and makes it shitcoin.
in my opinion shitcoin is a coin that is not valuable, the price is very low and is far different from the price at ICO, shitcoin is a coin that fails in its development so the price continues to decline and becomes worthless, currently there are so many shitcoin because many projects fail in its development
Shitcoin is any cryptocurrency that is disliked by the person talking about it. It could be any coin that is not bitcoin, or a coin that lacks any new or advanced technology, or a coin that has become worthless after launch. Shitcoins are often identified by a specific pattern that they follow. First, the coin launches to some interest, but the price remains relatively level. Then, the price increases exponentially over a short period of time as investors pour in. This is followed by a nosedive, as investors dump their coins to capitalize on short-term gains
Shit coins are those coins that have absolutely no value. Their price on the stock exchange is constantly declining, and volumes are becoming smaller and smaller. This is the key definition of a shit coin.
what is clear is that there is no good thing in defining a shitcoin because the team of coins only creates a coin for their personal benefit without thinking about future developments and investors who have trusted to invest in them, but leave it so that it is very detrimental. I hope that in the future the shitcoin project models will no longer emerge and there are clear rules for this.
I think that the definition of shit coins has the value of the price decline after the listing on exchange. Because many people can create a product and the appearance of some work, but only those developers who are interested in developing their product and maintaining the reputation of their project can provide support for their coin on the exchange.
refused and was difficult to improve so they were not interested in coins.if only there was a lot of support for coins and had a high appeal so that it still had a chance to rise.
but not all new coins are bad and cannot develop, so we check the details.
I don't really understand what is really bad but I like real projects so even though the price continues to fall but at least the coins still have high hopes of recovering, although it may take a long time but when they go up, the price increase will be very significant and even reach 1000% of ICO, that is very possible, so for anyone who has a coin like that it is better to keep holding it because a good project will have a good impact on the coin
You will know if the dev's team is dumping by the amount of coins in the sell order.
If it is almost even half of their premine or total available supply, the chance of pumpndump is very high.
Even if they have working app or product, they might be using it as a front to gain supporters.
The development is stagnant, the support is slow to nonexistent, these are some of the indicators that they are about to abandon a shitcoin project.
I think that the definition of shit coins has the value of the price decline after the listing on exchange. Because many people can create a product and the appearance of some work, but only those developers who are interested in developing their product and maintaining the reputation of their project can provide support for their coin on the exchange.
I don't really understand what is really bad but I like real projects so even though the price continues to fall but at least the coins still have high hopes of recovering, although it may take a long time but when they go up, the price increase will be very significant and even reach 1000% of ICO, that is very possible, so for anyone who has a coin like that it is better to keep holding it because a good project will have a good impact on the coin
Coins that basically lose value and basically the owner are not ding anything to improve on it and no update nothing coming in at all At times even you can get some updates but they might not be that integral and devs just stick to small basic things Things that have no meaningful effect and at the end of the day the coin just dies
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?
Working product is not a problem for a start-up. My definition of shitcoin is simple a coin or token that have no actual development or doesn't have any progress. Because, with product development and marketing price can slightly increase no matter they are listed because news always bring demand (even a little)
Coin that is hyped only to realize it of no value and vision. You list it today and for like 3 years all you could see and imagine is depreciation. With such coins there is no hope so out frustration you tag it shit coin 
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?
Definition of shit it's means price low price value after listing into the exchange didn't up their value in the market low quality project not supproted by the devs or the people in the industry. That's is my opinion and definitions of shitcoins in my understanding.
There are two names that use to describe a weak coin. One is a shitcoin which is a coin that has no real world use or is a clone of another coin without anything added to it. A shitcoin is something people will never use because there are already better projects doing the same thing. For that reason I believe BCH is a shitcoin and SV is an even bigger one.
A second term that use is a scamcoin which is a coin made by a fake team or with a big premine made to steal money from idiots.
A second term that use is a scamcoin which is a coin made by a fake team or with a big premine made to steal money from idiots.
In my opinion, a shitcoin is a coin that depreciates in value after listing on an exchange and also it does not have any working product that can make the coin useful. Hence, the coin just lies in your wallet, just like that.
Jump to: