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Author Topic: What is your definition of shitcoin?  (Read 1918 times)
bittraffic
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May 12, 2019, 04:54:33 AM
 #21


They say when its not on the top of the list it must be a shitcoin, of course its not entirely true there are serious good coins out there just waiting for it to be fully developed and some just needs marketing. But to me the real shitcoins are those that were not listed on any exchange besides in the dex where people can buy millions of it under $100.

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May 12, 2019, 04:59:10 AM
 #22

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 should be advanced than that.

You are already talking after the listing which means you already bought the token.
Go 1 more step forward.
Before you even bought the token you must already knew that it will be a shitcoin.
How?
First, they should already have the funds and just looking forward into what they will get from an ICO.
The ICO should just be a help to make their market more larger or to introduce their token and project.
If they dont have that then be really careful. Out of 100 there could only be one that could make it or complete their roadmap with that kind of strategy.
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May 12, 2019, 05:06:49 AM
 #23

No experienced dev team with inactivity. No innovative and nothing new in the form of the coin. Copy paste shit of another coin. This criteria are the one for which I consider a coin as shit coin.

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May 12, 2019, 05:34:35 AM
 #24

I think price alone does not define shitcoin. Given the volatility of cryptocurrency, prices of a coin going up and down from time to time is a common phenomena. We can also see many good and promising coins have gone down in price due to various reasons like lack of enough advertisement. Even a so called shitcoin may rise in price due to its hype. I think good and strong team, technology, goals etc can determine the value and importance of a coin. So we should take these things into consideration before investing.
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May 12, 2019, 05:37:28 AM
 #25

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?

Well, what do you call something that is a pain in the ass and worthless, for me that is what shitcoin means, if you invested in a coin and you lose a big sum of money without return, you can shout a big SHIT on that coin, but I don't know who first started or coined that word in the crypto community.

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May 12, 2019, 05:37:37 AM
 #26

I think price alone does not define shitcoin. Given the volatility of cryptocurrency, prices of a coin going up and down from time to time is a common phenomena. We can also see many good and promising coins have gone down in price due to various reasons like lack of enough advertisement. Even a so called shitcoin may rise in price due to its hype. I think good and strong team, technology, goals etc can determine the value and importance of a coin. So we should take these things into consideration before investing.
Price is nothing but a number. No one can detect a potential cryptocurrency with its price. Bitcoin had zero value since its beginning and later when it has first gotten a value, it was $42 for 10000 bitcoins, mean $0.0042 per coin.

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May 12, 2019, 07:26:22 AM
 #27

Coins with no real tech behind them and no innovative solutions brought to the market that could solve real-world problems.

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May 12, 2019, 07:33:39 AM
 #28

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?

as i know a shitcoins is a coins with poor even didn't have active development inside the project, and have no volume in exchange
a lot of coins like this born in this industry and become digital garbage in crypto world
remember do not drop your money to shitcoins if you don't want to lose your money my friend

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May 12, 2019, 07:39:32 AM
 #29

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?

Price is not the sole parameter to be considered while defining a shitcoin. Because I have seen some of the very good projects getting listed at a discount to the ICO prices (and then continuing to drop) due to no fault of their own. It may be due to the prevailing market condition or as a result of the manipulation by the whales.

IMO, a shitcoin is a cryptocurrency which has no uniqueness of its own (i.e a a copycat), promoted by scammers and undergoing pump and dump cycles so that the promoters can dump their coins and profit out of it.
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May 12, 2019, 07:44:47 AM
 #30

Coins with no real tech behind them and no innovative solutions brought to the market that could solve real-world problems.
A shit coin is any coin that have no legit team behind it even if it claim to solve real time problem and a working product that does not meet up with the market requirements, this coins are dump after listen by the team member who hold large number of the coin. Price is not what matter most in a volatile market such as cryptocurrency because any coin can decrease and also increase at some point.
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May 12, 2019, 07:51:38 AM
 #31

Development that is not clear and also updates do not show progress. the team they usually use is fake too. and also whitepaper copy paste. it already shows how we can look for shit tokens or shticoin which are very detrimental.
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May 12, 2019, 08:01:31 AM
 #32

I define shit coin as a rubbish coin that doesn't have good movement on the market. This coin has no real results and cannot compete in the market. This shit coin has low trust from the people and can be said as a failed coin. This coin does not have technology that can compete in the market so it cannot survive in the market for a long time. the future of the coin is not potential and is not bright so that the movement of demand and offering of this coin is not balanced.

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May 12, 2019, 08:12:36 AM
 #33

Shitcoin is those coin from the scam projects, this tokens has no value and only a design token in your wallet. Sad to say the we put an effort and time on this shit token or shitcoin and its worthless in the end of the campaign.
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May 12, 2019, 08:14:36 AM
 #34

There are a lot of factors. Inaction team and the lack of a working project. Also the behavior of the team. For example, when the whole system is built as a pyramid, when you are constantly asked to buy more and more coins.

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May 12, 2019, 08:30:20 AM
 #35

Personally, shitcoin to me means any coin that has no real life use case, no project development, project abandoned and coin dumped by the team because their initial aim was never to carry on with the project or follow the roadmap, but to make money from token sale. If a coin has good project development and it's dumping, I don't normally blame the team because most times they can't control market factors unless via a buy back policy.
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May 12, 2019, 08:35:00 AM
 #36

If the coin is a fork of another coin without significant modifications or changes in functionality, the project does not have a development team or a group of individual developers who actively participate in its development, or if the team is anonymous, then with high probability it is a shitcoin.
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May 12, 2019, 08:43:44 AM
 #37

I think a shitcoin is a coin which is a clone of another coins without any new feature and also without any real support and the price continue grow, and also the price drop and also a coin with huge premine.
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May 12, 2019, 09:09:09 AM
 #38

I also do not what exactly define a shitcoin. People keep talking about shitcoins. There are many coins having similar features and services to offer and what causes some to fail and others to succeed? I think shit coin is a coin that is not rising in price. If a coin is struggling to survive no matter how strong its team and technology is, the coin is called shitcoin.

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May 12, 2019, 09:20:37 AM
 #39


for me id say , shitcoin means if a coin is not listed and wont ever be listed no matter how long you hodl and wait  . i have lots of them and i got them all when im still active on joining an airdrop , it was last year to be specific , that was moment that i joined an airdrop but until now , almost 1 year has passed but those coins that i hold arent still listed on any exchange  .   while some guys consider a coin a shit coin even if the coin have a small value  .
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May 12, 2019, 09:25:23 AM
 #40

Shitcoin is any coin that has no real application or has been dumped hard by the team. Shitcoin for some people is coin abandoned by team after ICO,  Shitcoin is like wallet decoration in this case. Shitcoin might also be seen as forgotten coins, no development whatsoever.

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