What are the characteristics of a shitcoin?

[karthcrypt]

The first you will notice about cryptocurrency that are bad is unending supply of such cryptocurrency.  There will be humongous supply that will have no demand. Another red light on bad coin is that they are always instamine, no fair mining and reward.

[ub27]

There is no definite product. Team dev does not do any development work. Usually pumped or dumped. I have encountered a lot of shitcoin. For example, gbx. I bought it for 23$ per gbx. And the current price is 1.7$. 11 months of operation and they do not have an application that is implemented as a roadmap

[ti4c]

A shit coin can be identified by any of these characteristics:
1. No tangible product(s)
2. No development team
3. Too good to be true claims (exaggerated claims)
4. Selling point of the token is the price it will hit an exchange with (price discussion prior to listing)
5. No technical plans

I have a question about your second point, how can a coin go through ICO without a development team? Just curious as to how one or a few persons can handle that.

[ti4c]

There is no definite product. Team dev does not do any development work. Usually pumped or dumped. I have encountered a lot of shitcoin. For example, gbx. I bought it for 23$ per gbx. And the current price is 1.7$. 11 months of operation and they do not have an application that is implemented as a roadmap

Wow...that i s a huge loss

[Prince Malik]

Every coin linting in a good exchange with the half price or less is a shit coin only if the price will recover shortly...because i never see a price of a coin recover after a long time of falling

[WalkerIVIV]

A shit coin can be identified by any of these characteristics:
1. No tangible product(s)
2. No development team
3. Too good to be true claims (exaggerated claims)
4. Selling point of the token is the price it will hit an exchange with (price discussion prior to listing)
5. No technical plans

I have a question about your second point, how can a coin go through ICO without a development team? Just curious as to how one or a few persons can handle that.

Maybe he was talking about the ico that has no team member but as long as the developer is really proffesional even a single person can create such a new system just like byteball which has created DAG system and this has already copied by NANO and IOTA. I suggest you to see Byteball and it's created by only one person.

[EnormousCoin101]

There are some coins on the market that are getting hype but if you research the project then you will see that there is no actual product, small community and developer has no updates for their project like partnership with known companies then I am sure that coin is a "shitcoin".

[unknown-user]

First of all, low market value which is way far from its market price in its ICO period. From then, people would more likely to sell already and if majority would do so, there'll be no more volume for a long run resulting for its market value to no longer increase. This I tjink is the factor that people are considering when they call a coin "shitcoin".

[honex2]

Every now and then every crypto currency is labelled shit coin till it proves its genuinness and real world use.  But shit coin is most crypto currency that have no road map no real world use just created without Amy direction

[Mishgan27]

usually sitcommom understand coins that have a bad reputation. there are coins in which even the name is bad: I'm not going to call them, because they con-tains not censorship of the expression. their creators want to make a release against the public, they are rebels. but in the market we can see the growth and popularity of such coins. if you perform bitcoin when in 2009 he was worth $0.000625, he, too, was considered a true sitcommom.

[leviathon]

I keep hearing people call a coin "shitcoin". I have seen some arguments regarding some coins being called a shitcoin but yet the same coin ends up being impressive in its growth in the market. I thought a shitcoin should be a coin with no potential or use. Can someone clarify for me on the term " shitcoin", it will be helpful for investment knowledge. Thanks

Mostly a shit coin is a coin that does not have any good product to offer the investors which basically makes the coin useless. A coin that has a high potential of failing in the near future is a shit coin. Unless the coin does otherwise and starts to show that it is in fact actually a good coin that can be useful people are going to keep referring to it as a shit coin.