Bitcoin Forum

Just like on Wall Street there are good companies and bad.  In the U.S alone there are thousands of failed business every year.  Do we call bad companies "shitcompanies"?

Just like bad companies can be bought out and turned to good; so can bad coins be forked or relaunched and made good.  

DASH was not a success overnight and there was a time when it too was considered a "shitcoin".  

Look at how many versions of DASH there were before they got it right.

I invested in FootyCash (Foot) back when it too was considered a "shitcoin" and everyone laughed at it; now it's being taken seriously by investors after under going a serious relaunch with newer technology - (i.e Masternodes and Anonymous Send) and is now considered a possible contender for the TOP 25 altcoins because of DraftKings and FanDuel's legislative victories in eight U.S. states.

There are other altcoin stories as well - Look at Dogecoin; once considered the shittyest of the "shitcoins"; now is a pillar of the altcoin economy, providing liquidity for all altcoins on most exchanges - liquidity even to brand new coins with no track record whatsoever.

Do you know of any other "shitcoin" success stories?

Considering last 3 months' pump, every shit coin can be called as an success story but sometimes there may be also fail stories

Just like Physics - There is no such thing as a shitcoin; there is no such thing as bad physics - physics is physics - either works or it doesn't.

WOW your ignorant scammy ass idiocy is growing by the day.
I stopped reading at "like wallstreet"

Either you are stupid or a fraud or most likely a typical around here combo of both.

Good luck with your "investment" champ  :D

never seen you post about anything except footycash, you're trying way too hard

It's not.

I call bad companies shit companies.

I would say yes, we often call some companies shit companies.  A lot of stuff trading on pink sheets or on the Chinese markets aren't even real companies as you would think of a company.   There are lots of pump and dumps in the stock market too....

Mostly stuff that can't get listed on NYSE, Nasdaq, or other large well known exchanges are pretty much considered shit companies.  It doesn't mean they all are, it's guilt by association...

I think you are talking about two different things and you are mixing them, there are coins with a good project and good developers that for some reason may fail to produce a high quality product, those projects could be turn around and made a success that is true, but there are shit coins, coins that the first things to comes to mind is, Why we need this coin at all?, or projects that are nothing but a money grab attempt.

Daniel, please, you're sucking way too hard. I've invested in FOOT, recently, but man just wait for the rise, you've tried posting on this forum quite a few times.

I beg to differ. Most of them fall into the shitcoin category and are being used as pump and dump schemes.

Right now most of the crypto market is a giant ponzi.

There are shitcoins, and you can visit yobit to see which ones they are--they'll be trading for 1 satoshi and have no buy orders.  They're dead, with very little chance of getting resurrected.   Could it happen?  Yes, but I could win the lottery too.  Not likely.

There are way too many of these things, and demand is not keeping up.   That's why so many of them die in the yobit crypto graveyard.  And most were only brought to life in the first place to enrich the developers.

As everyone can make coins within seconds without any technical knowledge I don't invest in shitcoins without project behind.

Scammers are getting better at producing projects that in the surface may seem like good projects but that are nothing but a scam, that is why you need to do your due diligence, read the white paper, look for the developers and their profiles and see if they are serious people.