What is your definition of shitcoin?

[kemetz]

what is clear is that there is no good thing in defining a shitcoin because the team of coins only creates a coin for their personal benefit without thinking about future developments and investors who have trusted to invest in them, but leave it so that it is very detrimental. I hope that in the future the shitcoin project models will no longer emerge and there are clear rules for this.

[CryptoToxicAvenger]

Shit coins are those coins that have absolutely no value. Their price on the stock exchange is constantly declining, and volumes are becoming smaller and smaller. This is the key definition of a shit coin.

[Cryptomindset]

Shitcoin is any cryptocurrency that is disliked by the person talking about it. It could be any coin that is not bitcoin, or a coin that lacks any new or advanced technology, or a coin that has become worthless after launch. Shitcoins are often identified by a specific pattern that they follow. First, the coin launches to some interest, but the price remains relatively level. Then, the price increases exponentially over a short period of time as investors pour in. This is followed by a nosedive, as investors dump their coins to capitalize on short-term gains

[gaj ahmada]

in my opinion shitcoin is a coin that is not valuable, the price is very low and is far different from the price at ICO, shitcoin is a coin that fails in its development so the price continues to decline and becomes worthless, currently there are so many shitcoin because many projects fail in its development

[Rogkim1]

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?

The coin becomes shitcoin when developers cease to engage in their project and it ceases to be of interest to investors. Then all shitcoin owners try to sell it quickly at any price while it is still worth something. This finally finishes the coin and makes it shitcoin.

[cryp24x]

For me, these are the coins created only for the benefit of the creator and not for everyone. There are so many voins that have no value and no development on its side. I giess the reason why it has no value because the project made this coin just for the project and not really for the people.

[Bonwin]

Shit coins are those coins that have absolutely no value. Their price on the stock exchange is constantly declining, and volumes are becoming smaller and smaller. This is the key definition of a shit coin.

You just got the point nailed.
The decline in volume sometimes get to a stage of zero volume.
There are so many of the listed on CMC. Some people have tried to resurrect them, but because they are shit coins, they have refused.

[wedosgibas]

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... a stable price and a minimal increase in price but lacking real life working products?

How they do not have a product can maintain prices, it is certain that the community does not interact well, or is registered in a bad exchange.

Bad coin projects are those who do not follow their roadmap or their team does not have good interaction with the community.

[Sithara007]

For me, these are the coins created only for the benefit of the creator and not for everyone. There are so many voins that have no value and no development on its side. I giess the reason why it has no value because the project made this coin just for the project and not really for the people.

There are a lot of such coins in existence and many of them are no longer actively traded or mined. What happened during the two bull runs (2013 and 2017) is that Bitcoin got a lot of media attention and people with hardly any knowledge in crypto suddenly pumped in huge amounts without any planning. For many of these people, Bitcoin was too expensive. So they were looking for cheaper alternatives that would give them crazy returns. In the end they invested in shitcoins and lost all of their investment.

[LUCKMCFLY]

Well in my definition can be a bit radical, because any currency or altcoin that has no life of its own will forever be shitcoin, until proven otherwise, is what I think personally, why? Simple all the altcoins depend on bitcoin, until now a cryptocurrency that does not depend on bitcoin has not come onto the market, because those that come out have no liquidity to resist a market that there are many operators with high sums of money that can pay their investment.

Normally the Stock Market has liquidity in most of its shares, in big companies like GE, Walt Disney, among others are stocks with a lot of history, something similar happens with bitcoin, the coins that follow bitcoin that have more history starting Bitcoin is Ethereum, but it depends on Bitcoin and its movements.

My definition of Shitcoin is like when you try to take out a coin other than bitcoin and apply a fork to it, it is when a coin is cleared of many Exchanges, I think that is the proper definition of shitcoin.

[dedi joni]

You just got the point nailed.
The decline in volume sometimes get to a stage of zero volume.
There are so many of the listed on CMC. Some people have tried to resurrect them, but because they are shit coins, they have refused.

maybe they will never rise even though they are already on the exchange. but most of them do not have trading volume, and that is obviously bad for a cryptographic asset. maybe those who do not have trading volume must be discharged from the exchange.

[OrangeSeller]

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 it depends on the project of the coin you are referring too, you can just call a coin shitcoin because it keeps on decreasing in price on the exchange, decrease in price can actually be caused by different factors which includes having much supply in the market than the demand for the coin, or giving out a lot of coin during airdrop, what you would check to know if a coin is a shitcoin is the project that coin was to serve, if there is no project then no value can be created, and once there is no value, the coin is useless.

[calandra78]

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?

And Without any updating by developer for make them made to increase rise into crypto world. alot of them leaved project to make a new shitcoin and the new next cyrcle one trash without tech and knowledge research. Dumping it price at shit exchange too.

[ziggy21]

For me the cost does not mirror the estimation of a task, there are numerous potential ventures on CMC however with low costs. That doesn't state that those activities are shitcoin. Also, the other way around for expensive ventures does not mean they are significant. To assess a shitcoin you should concentrate on the esteem, the genuine use of the undertaking can enliven. Survey future advancement potential, if an undertaking does not meet the abovementioned, it is shitcoin.

[meldrio1]

well for me shitcoin is nothing, a useless coin that has a shitty project and will turn to scam soon.

[novusordo]

Shitcoins has no standard definition. Its a colloquial for coins with no real or market value due to one or more of these reasons such as; poor team, no minimum value product, zero or little media presence and marketing and bad Tokenomics

[maculeth]

the exchange rate fell below the forecast before pre-sale, a product that is not useful at all after the project was launched to the public so that the enthusiasts are quiet the dev who runs away brings money when the project is running and isn't finished, so the project dies in the middle of the road, if anyone wants to add, please.

[CLywaTeLb]

For me the cost does not mirror the estimation of a task, there are numerous potential ventures on CMC however with low costs. That doesn't state that those activities are shitcoin. Also, the other way around for expensive ventures does not mean they are significant. To assess a shitcoin you should concentrate on the esteem, the genuine use of the undertaking can enliven. Survey future advancement potential, if an undertaking does not meet the abovementioned, it is shitcoin.

That is why it is sometimes difficult to determine what it is. If we turn a blind eye to the FA and rely only on TA, then what difference does it make: is it a shitcoin or not?
Technical analysis allows you to make money regardless of whether a quality asset or not is used as a trading tool.

[Odonko]

A shit coin to my knowledge is mostly a utility coin which has no real use case or product backing it and this makes the price goes down drastically when it's listed on exchanges. If you invest in such cryptocurrencies you would definitely lose your funds, always invest in good projects which have some relation to real life.

[anume123]

Well many of investors and traders don't want to buy those coins if its not good for long-term it may affect on there investment so many of those coins always continue to decrease.