What is your definition of shitcoin?

[xvids]

For me a crypto could be considered as a shitcoin when it is worthless or doesn't have a value,
I also consider the alt-coin that continues to drop down as a shitcoin most of the time when this happen the coin/crypto would be dead without an order on the market.

[jems]

in my opinion shitcoin is a coin that really does not have a real or coin product that has a product but it is very difficult to compete and also develop and increasingly marginalized by new coin coins popping up.

[CryptopreneurBrainboss]

In my honest opinion, A shitcoin is a coin that has no real life usage and have also decline in price to the extent it becomes untradable on exchanges turning the coin you bought as an asset into a liability in your wallet. A liability in the essence that a fee is required to transfer the coin out of your wallet without bringing in any monetary equivalent.

[Denongels]

Definition in my opinion, most shitcoin comes from 50% airdrop tokens, 30% ico, 20% coin that uses old algorithms and its characteristics are shitcoin usually always promises unreasonable updates, often delays listing on the market, and if traded it has volume very, very low, that's the definition of shitcoin

[DaCryptoRaccoon]

Anything that is not Bitcoin is a Shitcoin.

Not all that is gold shimmers.

Around 95% of the Altcoins on the market have and serve no purpose they take away from bitcoin adoption and stifle the market most of which turn out to be scams to the highest order.
People should see that the Alt market is nothing more than a was for greedy developers to push some shitcoin to gain more BTC -  all alts are a route to BTC nothing more.

Sooner alt's vanish from the industry the better.

[Japinat]

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?

Shit coins are those who are created to scam, sometimes we tend to call a coin a shit coin although it's just an undervalued coin.
We have to know the difference, we cannot just call it a shit coin until we made a research and we believe that the team is not capable of developing the project.

[perla]

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?

In past, my definition of shitcoin is when it is reach 1 satoshi in market and then delisted. But now maybe what be trend is shittokens because altcoins not really much for now and there are a ton of tokens that have very low value.

[Landak]

My definition of shitcoin is not listed on the market, if there is a market, the price is around 0.000070 USD. the project is not clear, the team does not have seriousness in developing updates. And dead communities.

[bitbollo]

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?

- any coin with an insane volume. (e.g. Billions and billions of coins = Fake Total Market Cap)
- any coin without a reliable exchange and user interested to buy not only for speculative purposes.
- any coin without any reliable product behind.
- any copy of another coin without a real team/advantages of using it.
- any coin distributed with some anomaly (likewise admin own large batches).
I don't think all coins are shitcoins (with exception of bitcoin and ethereum).
There are also scam coins . And there are also other niches projects that could be considered as "strong cryptocoins".

[coin-investor]

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?

A shitcoin is where you slowly losing your investment from that coin, where it becomes useless until it becomes a dead coin, shitcoin actually still has a chance, where it is adopted by a new developer like what happen to Xtrabyte, where a new dev overtake the development of that coin, and from 1 sats the price skyrocket.

[jessyj48]

Shitcoins have different types of meaning ,my own definition of shitcoins is
1) coin that are just plain pump and dump coins used by scammers
2) coins or tokens that never get listed on exchange like forever
3) coins and tokens that get listed on exchange with no volume ,means no demand for it

[levyashin]

Mostly utility tokens for no-product or unnecessary products.

Like bank projects which never get licence or crappy exchanges, nobody would like to use.

[kevinzxz]

my definition of shitcoin is :
1. coin is not listed in any exchange
2. there is no progress from the project
3. the volume of coin is very small

[semobo]

The projects which are just created for the purpose of making profits for the project team and after the token sale were completed the project will left undeveloped so which is actually a shit so can be called as shit projects.

[EL-NIDO]

If the project got no working product after a long time of development it is in my opinion a shitcoin. And especially if they made big promises during the ICO and collected a lot of money but can't deliver any results.

[Mpamaegbu]

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?

No, that doesn't make a shitcoin. It's an expectation that coins will ever drop in price once its listed on an exchange because of activities of early dumpers.

For me, what makes a shitcoin is when a coin crashes but it's unable to rise in price again no matter what usecase it has like we have seen in the recent past. We saw that with Bytebal, Bitcoinconnect and the rest of the lending coins -firstcoin, regalcoin, glasscoin etc. Most of these coins were the talk of the town before and in 2017 and had enviable prices. But they crashed and haven't been able to rise again till now.

[Fredomago]

The projects which are just created for the purpose of making profits for the project team and after the token sale were completed the project will left undeveloped so which is actually a shit so can be called as shit projects.

Simple explanations but in real world that's how it is, shit when the project is solely proposed to collect money and nothing else, after getting some investment and devs already being satisfied the project will be left out of nowhere and will die naturally, investing from industry should not be based
from short term benefits but also it should be taken for a long term existence.

[ariyzt]

shitcoin for my opinion is coin with no progress and keep decreasing in value after release on market exchange
developer do nothing to keep the price stable and its like coin with no future

[uneng]

For me it's a currency created with the sole purpose of being pumping once, right after the ico, so speculators can make profit. After this initial pump, the currency dumps and never recover itself anymore, because nobody has real interest on it.
It's a currency mainly used by speculators and not enthusiasts.

[CryptoBry]

you can see in coinmarketcap, 90% of all altcoins currently available are shitcoin. all coins that are always dumped during yesterday's decline are shitcoin. coins that move because of speculation and rumors are shitcoin. and the coin of the scam project is shitcoin.

that's the definition of shitcoin in my opinion

So there is only 10% of those in the CoinMarketCap which can be considered not shitcoin. Well, you can be telling the truth. But what can be amazing is that there are more and more shitcoins out there that never made it to any exchange leaving many investors with nothing but empty bags dismayed with the whole cryptocurrency experience. Unfortunately, sometimes it can be hard to determine a shitcoin project from a real one and there are those which started so well but ended up bad. Just recently, there is the IEO trend...do you think this can help us avoid shitcoins?