What is your definition of shitcoin?

[novy]

My own definition of shitcoin is pump and dump coins or coins that has no real products backing them ,they have no reason of there existence so it time they fade away bit by bit

Pump and dump also can said about bitcoin as well. This is not the case. Shitcoin has no idea, has no development, has no real team.

[lohladex]

Shitcoin is anything that doesn't have value , no use case , no relevance . It is very easy to identify shitcoin Project.They offer 100% bonus during their sale . All these shitcoin flood Crypto Space during the boom period ,late  2017 but nowadays people are becoming wise ..

[spike420211]

For me, shit coins are those coins that are only cash equivalents, coins that have no useful properties. It is with such coins that the cryptocurrency market is now cluttered up.

[TWW]

For me, shit coins are those coins that are only cash equivalents, coins that have no useful properties. It is with such coins that the cryptocurrency market is now cluttered up.

yes, they have no product development and do not have attractive trade. even some of them are not registered in the exchange or they have been discarded from the exchange. making a coin like this is just a waste of our time.

[aemma]

I think shitcoins are coins that have no monetary value at all, that is they are worthless. And this shitcoins are either as a result of exit scam, pump and dump coins or the project team not knowing what actually they are meant to do.
A coins' value is backed by what the team is offering, but when the team offers nothing the coin will have no backing and thus ends up worthless or as a shitcoin.

[LimLims]

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?

There is no coin, which can actually be concluded as shitcoin to be very much honest.
It's the people who gives the coin this name, due to the movement of the price of the coin.
Moreover if you want to know why they call it so? Then you need to do a lot of research.
Moreover the only definition you need to know is that, It's a coin which has less market cap and the coin whose price is too down.

[pelumi20]

In my opinion, what defines a shitcoin is not the continuous decrease in price (because that might be caused by the market conditions) but the absence of a real product or service rendered. A project without a real product or service is destined to fail because it is the product that will command demand for the project tokens or coins and without it I don't see why investors traders or Holders would want to buy such project.

[prof7bit]

I believe that the Altcons should be assigned a ranking classification. For example, Altcoins of rank 5 are those coins that do not have liquidity and came under removal from stock exchanges.

[jolle123]

Useless coins that disappoint a lot of investments that investors put in the project,so at the end it ends up with nothing so invest only in good project like Dencoin tokens and i can say this altcoins will rise in the future so take advantage at this moment because you can have bonuses in the ongoing ico of this project.

[coinnumber]

I think most of the shit coins occur as a result of too much hype in the project with little or no product usage. This normally lead to low demand of the coins and those who notice this on time will have no choice than to dump before it gets more lower. Some time project put up lots of attractive features with having them in their schedule just to draw the attention of potential investors who knows the value of product usage that's it always advisable to do lots of research before taking decision.

[ccsang]

Project doesn't have any development progress and low quality design of website, every post only talking about sale is live and don't miss the chance become early investor, another one is always mentioned project already listed on shit exchange, their community group never answer member question, most of them will become useless coin and we must sold it as soon as possible.

[ansarose1]

My own definition for shitcoin is it is a coin that many invested on it in a particular price, then suddenly after listing the price is very low and is continuing to slip down as it is decreasing and decreasing and no shifting into increasing its price.

[ringgo96]

My own definition for shitcoin is it is a coin that many invested on it in a particular price, then suddenly after listing the price is very low and is continuing to slip down as it is decreasing and decreasing and no shifting into increasing its price.

Because their purpose is only to use the market without prioritizing the concepts they have offered. so that there will be no market development again when it has indeed benefited from the pump or dump

[pushups44]

Project doesn't have any development progress and low quality design of website, every post only talking about sale is live and don't miss the chance become early investor, another one is always mentioned project already listed on shit exchange, their community group never answer member question, most of them will become useless coin and we must sold it as soon as possible.

The website design to me is irrelevant, because many scam projects create nice websites to lure unsuspecting dupes. In fact creating impressive websites is among the key modus operandi of scammers in this industry.

[Lexurdania]

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 think, shitcoin is coin with no real project and can not deliver their road map. Most of this shitcoin dont have good daily transaction volume and mostly dont give update about the project because the project itself is not real

[Dacosta Osei-Tutu]

In simple terms, a shit coin is any pump and dump coin with low or no trading volume on the market and without any real world usage

[atjiat]

In simple terms, a shit coin is any pump and dump coin with low or no trading volume on the market and without any real world usage

First of all, I always determine the public interest in a particular product, and then it will be possible to talk about the prospects of my choice.  Today, many projects fail, but nevertheless there are those that will show good results in a certain future.

[Gi01]

Shitcoins are basically cryptocurrencies  with no specific working products or aims and missions in bridging specific gaps in the entire crypto ecosystem. Such coins have no value and are in the crypto market just to scam people off their money. Any cryptocurrency with no specific purpose in improving the financial ecosystem of the entire world is a shitcoin.  

[ub27]

The real definition of shitcoin is any coin that has been abandoned by the developers, no updates on the coin, no future, no product, no use case, very poor volume, delayed on many exchanges. So beware of coins you buy, do not buy coins just because price is low or total supply is too much making it look cheap.

[olabiyijummy02]

A shitcoin in my opinion is any cryptocurrency that is either created by a scam team, or is generated from a legit project but without any concrete use case, utility, need, and will most likely not see any form of adoption except for being used by day traders due to its volatility.
Shitcoins accounts for the larger percentage of the cryptocurrencies we have today and the rate at which more is been created is alarming.