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Author Topic: can shit coin be the best coin if the project and product is real ?  (Read 726 times)
Handsome Boy
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July 04, 2019, 03:44:46 AM
 #1

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?

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July 04, 2019, 03:51:33 AM
 #2

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?

Decreasing in price of a coin doesn't make it a shit coin. The coin that has is good just in paper and has no any development, no real world use and is just a speculative pump and dump can be called a shit coin. Anything that is promising wont be devalued largely. If the project is good, whatever amount the people may dump, it'd still get a good price.

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July 04, 2019, 03:55:06 AM
Last edit: July 04, 2019, 06:05:14 AM by vladimirhf
 #3

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?

Maybe. They could go far reaching millions of users. For now the number of users of dapps is very low, we don't know which ones will survive for 5 or 10 years. Even good ideas can fail or get replaced by more complete projects.

If you are buying utility tokens looking for a short term return you are doing it wrong. they are not investments, this is pure speculation. Smart contracts platforms (like cardano, neo, stellar and others) have better chances for mid-term returns. Who bought stellar 2-3 years ago already made good profits. Research well before buying anything.

Decreasing in price of a coin doesn't make it a shit coin.

exactly. if you call something "shit" better don't spend on it Grin often people use the price as a measure of project quality, but unfortunately the market cap doesn't reflect that.
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July 04, 2019, 04:06:51 AM
 #4

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?
it's possible but how can you recover the reputation of the shitcoin? this is the difficult part when you are starting with shitcoin to create a good product. People remember about that and that is a big challenge to change people's mind about that. A good product doesn't mean you can recover its reputation instantly.


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July 04, 2019, 05:44:01 AM
 #5

I think shit coin means a coin that is dropped to almost zero price and its project has severely failed. But its team, concept are good and the project is still working hard for a success. There are possibilities for such 'shit' coin to revive and increase its value. For instance, Ripple could not increase its price as expected for long. But now its value has increased and is doing well in the market.

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July 04, 2019, 05:52:26 AM
 #6

There are few projects that is backed with working product but are down in value now ,for example electroneum and yet updates is still on going ,this is what keeps good coins alive ,just because a coin or token lose value doesn't mean its shitcoin
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July 04, 2019, 06:10:47 AM
 #7

You just said it, shitcoin. How come a shitcoin can have a good project and product? Ones an investor know it was a shitcoin, they will hold back right away. Even those coins behind leading coins are being cold by others as shitcoin or not a good investment. Then how come if the coin was known as shit coin from the very start.
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July 04, 2019, 06:17:29 AM
 #8

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?
the question you should first ask is, what or why the price is down once listed on an exchange. So that's not a reason to say a coin or token is bad. And to answer your question,  yes the price of  the said token can rice again one day. I have seen many projects like that

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July 04, 2019, 06:45:47 AM
 #9

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?

A coin doesn't become a shitcoin AFTER the project and AFTER the raise. A shitcoin is born as a shitcoin. Some shitcoins do become good coin. For example, don't be mad, Ethereum guys, but Ether was a shitcoin as soon as they split from Ethereum Classic;) But you can't turn a rpoject into a shitcoin, if it ever is called one, it's because it always was one. And you as an investor should know that 100%.

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July 04, 2019, 07:02:39 AM
 #10

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?
what are the things you see in a project before you can call them a shit coin? Just because the price is down doesn't make it a shit coin and if the project has a good product or use case, then the price will surely rice.

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July 04, 2019, 07:30:29 AM
 #11

The fact is many coins that loses value today will regain value in the future,those tokens that loses value and then died in the process are the ones with no real use case or they are backed by worse teams so not all coins that loses value are shitcoins

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July 04, 2019, 09:18:56 AM
 #12

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?

i think if the development from project still active and the project has a running product, thats a sign if the project is not a kind of shitcoins
maybe the price down hard, because people didn't believe with the project and less demands in the beginning,
but i think a smart investors will drop their money to a kind of project like this

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July 04, 2019, 10:24:19 AM
 #13

First, what is meant by ShitCoin.
Honestly, I myself think that ShitCoin is a Coin/Token that is truly worthless, there is no progress in development, even (mostly) it is lost and its existence cannot be found anymore.

If it's only limited to a price reduction, I don't think it's worthy of us to call it ShitCoin, because it needs to be seen also how the project of the Coin/Token runs.

For the record, at the beginning of 2019 even the Bitcoin has experienced a very large decreasing price. So is Bitcoin also included in the ShitCoin category as you said above? CERTAINLY NOT

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July 04, 2019, 10:28:40 AM
 #14

If their project is successful I am sure that the price of the project coin will increase and increase greatly depending on the popularity and use of the project.
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July 04, 2019, 10:29:45 AM
 #15

as we know now, many new coins listed on exchange and the price immediately down very much, so many investors are disappointed and regret having invested in coin because coin have become shit coin even though the project and product of coin are still running, but will one day the price of coin can increase very high and even exceed the ICO price if the project and product is real and useful in the future or still does not affect for the price of coin and coin still become shit coin ?

I think you have a vague conception of shitcoin, a shitcoin is a coin is just a copy of an existing project, developers not updating the project and totally ignore all development queries, if they have a product and the price is down , it's just normal for a coin that is just starting out, it will eventually recover once investors see some development.

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July 04, 2019, 10:34:14 AM
 #16

The investor tend to look the price project when it has been listed on the exchange. When the token/coin price down when it has been listed on the exchange continuesly and I doubt the project will be pay attention by most investors in the future although the developer make a big update for the token better. Shitcoin will always be shitcoin, moreover the project has delisted by many exchanges it could be the token will have no price anymore.

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shadowdio
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July 04, 2019, 10:43:37 AM
 #17

The definition of shit coin to me is not a good project or they just created the coin without project just like that, but if their project is still running and has potential while the price of the coin is still down, well for me that is not shit coin I believe that coin will increase in the future.

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July 04, 2019, 11:25:11 AM
 #18

if it's true that the product can be useful in the future, surely the price will rise. but if after listing to the market exchange, the project stops, then the value will be stuck there and can even go down.


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Herbert2020
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July 04, 2019, 11:32:22 AM
 #19

the coins don't suddenly become shitcoins and they can't turn that around. when something is useless and is considered a shitcoin it is a shitcoin and it will die guaranteed. when you see they are starting it with a fund raising with any name such as ICO, IEO, STO,... or when you see the price of it dump immediately, or when you see the project is exact copy of hundreds of other projects that came before it and a lot of other things, they are all indicators and warning signs telling you that it is a shitcoin.
the fact that some people still decide to put their money into something like that even though there are a lot of red tapes to see, is their own naivete.

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Mr.Zero
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July 04, 2019, 11:36:03 AM
 #20

I don't think that will ever happen, shitcoin will still be like that and that's why it's called that.
altcoin has very bad progress and developers have given up developing coins.
my suggest is never to buy shitcoin because you won't benefit from it.

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