What is your definition of shitcoin?

[BryanK]

Gone are the days when DOGE was able to increase its price because of the popularization of cryptocurrencies. Now the product is important. The price of the coin and its future depends on it.

[1714500659]

1714500659

[1714500659]

1714500659

[1714500659]

1714500659

[1714500659]

1714500659

[1714500659]

1714500659

[1714500659]

1714500659

[dedi joni]

Currently there are a lot of shitcoin that comes with the product, but if you pay close attention to the products of such projects, there are mostly no users, bad UI and UX. but when the market is recovering, these projects will also update the news more often to get people to pay attention to their projects to push up the price of the project.

as long as there are people who trade coins like that, of course prices will also follow growth. but if the coin is abandoned and no one trades the coin, I make sure that no one will get an increase despite the high increase that occurs in the market.

[arnoldrimmer]

Shitcoin is a coin that comes from an unsuccessful project, that is valueless and worthless, that is just there is in your wallet as a decoration

[sana54210]

All you describe is the shitkoins. Is it hard to understand? With the increasing popularity of cryptocurrency on the market, a lot of shitcoins appeared.

That's why the best thing you can do is assume that all the coins in the market are shitcoin unless and until they prove you otherwise.

It is too risky to base everything in cryptocurrency on assumption; there is no way assumption in choosing projects will not bring about picking project randomly. If I assume that every project is good until proven otherwise, then people will starting participating in all manners of projects without research and waiting for them to prove otherwise, which is why most bounty hunter fails.

Bounty hunters chooses projects randomly, participate in and at the end waiting to see which one will pay or not before we can know they are real. It is quite a wrong believe, what we need to do is get the fact about the project very well, before we take any step and not just assume the project is good.

[0t3p0t]

The continuous price decrease after listing on an exchange with actual working products in real life

The above quoted line defines Shitcoin!

If a coin's price constantly decreases right after listing in exchange even the coin has real-life working products then it is indicating the owners are dumping their coins and panic sell will also lead.
If this is the scenario then I will say they really don't have any working products or they just don't care... What they care only is money and a quick exit IMO.

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

The above quoted line defines Shitcoin!

No working products = no value to the coin. Fake promises will not work for long.

What actually defines a shit coin?

There could be more reasons for shitcoins...

As an example, a coin has a working product and the ico was successful and when listed on exchange the price only dropped, never increased.
The reason could be the product they are offering doesn't have any value in the real world. Now you can say how come ICO was successful? Well, that's hyped out during ICO and naive investors got into it.

I agree. There are actually a lot of shitcoins out there and there will be no signs of price increase while they have a working products. In my wallet I have a lot of them there where most of them has no prices but I am still hoping they will be having positive surprises in the near future. Exchanges listings sometimes trigger the plummet of the said shitcoin and become no value at all due to massive dump and manipulation.

[Japinat]

Shitcoin is a coin that comes from an unsuccessful project, that is valueless and worthless, that is just there is in your wallet as a decoration

There are some value on shitcoins, during the last bull run, a lot of shitcoins that pump real hard and reach its ATH, but it did not surprise and suddenly die.
We might see more to come alive this season as it's bull season again, so being smart is really necessary for buyers.
This coin has value but has no future, you might want to dump it right away if you own it.

[goaldigger]

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?

Definitely, those shitcoins are supposed to be coins who is either doesnt increase or continously decreasing without an assurace of getting in shape. This coins also are not poplular and most of the time is newly launched. This means that the project doesnt become successful or its a scam.

[pungopete468]

shitcoin is a coin that doesn't have a clear product or usecase,
there are so many shitcoin that don't have a product but have a high price on the market.
and most of us don't care if the coin has a product or not, provided that the price can go up high will be bought.

and also they don't update according to their promises. after the pump and dump are finished, it can be ensured that the dev left the average because there is no intention to continue the project to be able to benefit.

[ginobitcoiner]

in terms of the viewpoint that I have, shitcoin can be said as a coin that is not cared for by DEV, they are only made to collect capital that is not intended to turn a real project into a better token price.
so the coin is left and becomes worthless.

[blackhawkeye1912]

A shitcoin is one that has no significant functions in todays systems.

A coin that is embedded in a platform that has not been improved and upgraded by the developers to fit the continually changing world.

[delarossa]

My definitions about shitcoins is a coin that don't have a big price for each or will be nothing. The shitcoin can't make you rich. Because the price or value is very very low and you can't withdraw from the exchanger too if your coin too little.

[rachman mahesa]

What is certain is the product, utility, price and development of the project. If everything is difficult to achieve and prices continue to decline even the crypto market experiences growth, of course, that defines shitcoin or dead projects. With that alone, of course you cannot compete with other projects. Because every day of course there are very many projects that have sprung up.

[andrearz]

For me Shitcoin is when a coin holds an ICO but there is no further development of their project. it is difficult to offer their coins to the market, when many people hold the coin then they cannot sell that is what is called shitcoin. this year there are a lot of scattered shitcoin and ICO is the most shitcoin maker.

[trickyriky]

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?

Shitcoin is the coin that has no value in its technologies. It is created mostly to be pumped to get fast money in the shortest time. It is doomed to be dumped and it will surely die.

[Sundaey]

Shitcoin coins can be so frustrating although some of them later turns out to be a good coin. My own definition is theos coin we invested in and ever thought of seeing them as low as their sales price, but later happens to be 10x low than the price gradually by gradually.

[passwordnow]

A project that has working product and that coins purpose why it has been created, I don't think it should be called like that(shitcoin) because it has a purpose and real application with a working product. But we have our own definition of what's a shitcoin. Majority will say the same thing and it's a total garbage coin and project that doesn't real life application or plans of being used in some service. I agree that it has no value and was just created for the devs to become rich quick.

Shitcoin is the coin that has no value in its technologies

[levvv]

Shitcoin is a coin that created with no purposes other than become a sh*t.
No further developments, no proper exchanges, no clear roadmap, no partnership, etc.
It is basically just a coin without usages, not needed by everyone.

[TWW]

Shitcoin is the coin that has no value in its technologies. It is created mostly to be pumped to get fast money in the shortest time. It is doomed to be dumped and it will surely die.

throughout 2018 it may be the year most shitcoin is created. where many ico projects cannot develop, do distribution but are not registered in exchange. or some are registered but do not have trade. too much shitcoin, it looks like they have to be cleaned up.

[Wintersoldier]

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?

If I am going to tell my friends about shitcoins, it will going to be simple. I will just going to tell them that shitcoin is a coin that is created to scam people out of their business, then they are those coins that don't have a market price that is decent, compared to their ICO price. As simple as that.

[FastSlots]

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?

1 coin shit, confirmed when its DEV team shit. They just drew a project to sell money, put it on the trading floor and dismissed the responsibility, to let that coin die. And when the minimum amount of coin trading is not qualified, it will be removed from the trading floor by the delist and actually die.