What is your definition of shitcoin?

[smyslov]

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?

For me, shitcoins are just pumped and dump coins, they do not have a roadmap, and they copy their whitepaper, they really don't have a platform and if they do, they are just duplicate of an existing project or past project, veteran traders and investors can tell if a coin is a shitcoin.

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[Ekyfitri]

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.

such coins should not need to exist. because it has a price but does not have development. even for trading volumes sometimes it doesn't exist. lots of coins like that survive in exchange. and there should be regulations governing some assets that do not have trading volumes because they should no longer be registered in exchange.

[BitTraderCute]

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.

such coins should not need to exist. because it has a price but does not have development. even for trading volumes sometimes it doesn't exist. lots of coins like that survive in exchange. and there should be regulations governing some assets that do not have trading volumes because they should no longer be registered in exchange.

exchanges will take important roles in this condition.if they see in their coins list there are coins that have less or no volume daily trading we could delisted it.dont worry about their revenue from trading fee, it will replaced by other coins or token.we need to delete this kind of coins so no more investors or trader trapped.

[CryptoIyke]

Currently any crypto or any project that its development is mainly centered on trying to replace bitcoin. To me they are shitcoins, such coins that fall in the category of pump and dump. Which is what they are used for. Holding of such coins to a great extent brings in tears most times and whenever they are dumped they  hardly recover

[ahmia39]

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.

Yes, because coins that are born from projects that have nothing to do with real life are coins that don't have many enthusiasts because they don't have gradual development so the price tends to drop when there are any exchanges, this should really be noticed when we want to join the project.

[BlackFor3st]

The best definition of shitcoin is a coin without value. Even if the coins will reach to any exchange but there is no one buying that coins then that is the best example of shitcoin.

Decreasing it's value upon reaching the exchange is not a good idea to call it a shitcoin because there are plenty of project who were able to recover from this kind of scenario. But if the coin will keep on decreasing upon reaching the exchange and until no one is interested to buy it, then that coin is a shitcoin for sure.

[Script3d]

For me a shitcoin is just a product with no real developments, most of the time projects often update their investors everyday and after the funding the update just disappear, im holding a coin that literally a entire year with no update with their project, and they didnt even follow the roadmap, their product was suppose to be launched at new year but no it was a lie, but luckily it was just bounty tokens, i kinda feel bad for the investors though.

[Chicky213]

My definition of shit coins are those coins with absolutely no redemption. Project that issues shit coins have no working products, no strategic or major partnership, no investors, no value to the society, inexperience team members and etc.

[irixo10]

Shitcoin is a coin abandoned by the project team which then ends up being useless; that is having no value whatsoever. Even if it's listed on exchange, a time will come when the exchange will delist it. Also, shitcoins can be product of hype or pump and dump; which is one of the reason why investors should make sure they look beyond the hype or the noise and go for what the team is trying to offer; this will reduce the number of shitcoins coming into existence.

[bustedsynx]

Derogatory term use to define coins that have no use case whatsoever except speculative or for pump and dump purposes. These were common during the premine coins since people still trusted anonymous developers back then.

[Brainnin]

When a well hyped coin is been listed on exchange at a very shitty price and instead of the coin picking up in few days time, still keeps dipping, is called a shitcoin

[Mcmich]

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 will take the later. A project without real life project neither is there a reasonable increase in price is as good as dead. A dead coin is what I consider a shit coin. Any coin with a working product and minimal increase or stability in price still has potential to do more than expected.

[OTC]

In my opinion, shitcoins are coins of no value. In real life, they are coins despite its exchanges, it will not generate or yield any profts hence it is worthless.

[mace15]

In my opinion, shitcoins are coins of no value. In real life, they are coins despite its exchanges, it will not generate or yield any profts hence it is worthless.

Yes a coin with no value and not providing any proof that make it worth in the exchange. Even if it is listed in the exchange and no product this will become useless and worthless. That is why mostly it become delisted in the exchange so let us become be more careful when investing to a coin to avoid lose.

[ilhamsugihamin]

in my opinion shit coin is a coin that has been registered in the market but does not have a high selling value. because they have managed to collect but cannot raise the price of the coin. it was a failure called shit coin.

[Vaculin]

In my opinion, shitcoins are coins of no value. In real life, they are coins despite its exchanges, it will not generate or yield any profts hence it is worthless.

Yes a coin with no value and not providing any proof that make it worth in the exchange. Even if it is listed in the exchange and no product this will become useless and worthless. That is why mostly it become delisted in the exchange so let us become be more careful when investing to a coin to avoid lose.

Right. Shitcoins are those coins who never pump in the long run and so remained to be worthless. We should always make a research first before investing in crypto coins so that we can avoid investing into shitcoins which will not give us profits in the long run.

[siglesias]

What you mentioned is one of the definitions of shitcoin. Or maybe it could be called a useless coin and dead coin because the team from the related project is not serious about developing the project.

[Whosdaddy]

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 see that last part of your statement is the real definition of shitcoins to me, because we all know that there is always a bear market season, and even if a project is continuously declining in price, their working product will still be helping to see some increase sometimes, but a shit project is so redundant, even with the bull run that has been making a lot of projects respond positively.

We have almost 40% of projects that are in the market without a working product  and I wonder why we keep embracing these projects when we already know that they don’t have working products, and there is no way a project that doesn’t have product that will be sold to the world to help them continuously gain value will survive.

[setialovers]

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 my opinion, shitcoin are coin or token with no further development from developers team. Beside that, daily transaction volume not too sginificant and very low. If want to invest in altcoin, i think better choose from top 200 coinmarketcap

[DarkIT]

well, I used to think that shitcoin is a coin left by the developer, or no development at all. now there are some coins that I hold, and have such conditions. moreover there is no market or the price is really low and far from the standard price. all this time I think like that.