What Do You Guys Think About So-Called "Shit-coin" ?

[adibi12]

I think the total supply has no effect on the quality of the coin/token, let's learn from Doge, with a total of 130 billion, but still very valuable in the crypto world and the market, it all depends on the developers how they manage the market strategy so that the demand for tokens/ coins can be stable or increasing, unfortunately they don't study harder than what the doge team has earned, so that they can follow in the doge's footsteps.

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[fuguebtc]

I don't see shit coins that can be benefits in crypto world maybe the behind of shit coins are, you know the scammers. Shit coins are not really good investment that's why it called "shit coin" because of pump and dump scheme, some are just memes with no project behind it and some are just created to scam people. So don't invest in shit coins, better to research the project first before to invest the coin.

Most shitcoins are made for scams, but shitcoins are clearly part of the market. The hype generated by shitcoins helping the crypto market has attracted a lot of interest and new capital inflows. Shitcoins can make us all lose but sometimes they bring wealth to some people if they are at the forefront of new trends.

I think the total supply has no effect on the quality of the coin/token, let's learn from Doge, with a total of 130 billion, but still very valuable in the crypto world and the market, it all depends on the developers how they manage the market strategy so that the demand for tokens/ coins can be stable or increasing, unfortunately they don't study harder than what the doge team has earned, so that they can follow in the doge's footsteps.

Agree!. Can't look at the total supply to judge if it is shitcoin or will become top coin. The potential of a coin/token is based on the development, effort of the development team behind coin.

[aioc]

What do you guys think about this issue ?

Shitcoin is a term used for coins that have no built-in value, these coins or tokens are copycats created to ride the momentum of more popular coins, shitcoins basically have no real purpose this is one of the reasons why almost all shitcoins don't last long.
So far we've only seen a lot of people suffer losses rather than gains during their dealings with shitcoins.

But unfortunately, many investors support and invest in these shitcoins, some overlooked it believe in shills and ride on the FOMO and without looking at the potential and the usefulness of the coin in the market, they are very stubborn on the signs that are showing, all they can see are the profit that they are going to make.

Shitcoins life span is very short and many failed to get out in time, they have nothing to blame but themselves.

[MIner1448]

In my opinion, it's not bad when really worthy new projects start at a low price and then gain popularity and grow in price, for the crypto community this is only a plus, but there are tokens that really immediately by name you can see that this is a scam coin, these tokens are simply heaps of , they certainly harm the image of the cryptocurrency itself, especially for newbies who have just entered this world.

[guydin]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

I can say that it is a good tool for fast income. But anyway it is very dangerous to try to hold them. Of course they can give you a big profit, but they are still very risky. You can lose a lot even if they are not scams, but just because of the lack of advertisement, or the bad mood of the crypto market. As for me, investing in shit coins is a lottery, so if you are tolerant of risk you can try.

[carrigan]

Shitcoin refers to cryptocurrencies that have very little value or even no value at all. Usually, shitcoins are aimed at cryptocurrencies or altcoins that were created after the explosion in popularity of Bitcoin. In short, shitcoins are useless coins in cryptocurrency. There are already a lot of shitcoins and they only hurt. So I think shitcoins will only demonize cryptocurrencies. You have to be really careful in choosing the coins to invest because you are afraid that the coins you choose are wrong and are classified as shitcoins.

[gurunanakji777]

Many traders or investors consider shit-coin as a good opportunity to make quick money in the recent time we have seen many investors invest in the meme coins in hope of making quick money but truth is that hardly 1-2% of them are able to make good money otherwise most of them loose. In recent times many shit coins pump and dump also even we have seen rug pull also where mostly all the investors lose their money so we should focus on good coins rather than shit coins. These shit coins in my opinion ruining the image of the cryptos it is not good for the market I feel. Good product base coins are the future of the crypto market.

[Khumaidi]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

In my opinion, the tokens or coins as you mentioned earlier, we must examine the source and legality because if we invest in new tokens and coins, the risk of loss is very large.

[carlisle1]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

They bring profit and benefit only to the creators of such projects and to the industry. in general, they have a negative impact, such tokens only litter blockchains and there is no use for different information monitoring. Every day dozens of such projects appear and they are all completely the same, only the names are different)

Big part of those shit projects impacted negatively, once newcomers got victimized they will look into this venue as a whole as scam business.

Only those developers and the people behind that will earned a lot, those late comers will surely lose their money, taking
part with scam project is really a pain in the ass.

Best not to encourage this kind of project and invest alone with projects that have solid foundations.

[zachyboy090118]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

Yes, so many kind of new tokens appear in the market and mostly end into shitcoins or unvalued coins. If this scenario repeat to happen in the crypto market this will be a bad image and maybe big investors will lose trust in cryptocurrency to there investment to put-in. Rather than focusing on those new coins why try to invest in the top10 coins which more secure at the same time stable.

[SirLancelot]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

I’ve been in a situation like that where I was investing in a project and I knew very well that it wasn’t legit or should I say it wasn’t going to work, But I still went ahead to invest in this project and at the end it didn’t workout.

The reason why I invested in this project is because of the same thing you have said here, I saw an early opportunity to make something from it before it’s too late. Things like this are usually a huge risk, it can work or it will not work. Luckily for me I didn’t invest much in it, I just invested a little money which I hoped I would have gained something from it.

[TWW]

Yes, so many kind of new tokens appear in the market and mostly end into shitcoins or unvalued coins. If this scenario repeat to happen in the crypto market this will be a bad image and maybe big investors will lose trust in cryptocurrency to there investment to put-in. Rather than focusing on those new coins why try to invest in the top10 coins which more secure at the same time stable.

for me, shitcoin doesn't mean it's not worth it. they have prices but not with projects that are clearly shitcoin.
they just come to take advantage of the bull market. create hype on their coin in the market and when attention is already in the market and get the price pumped. You will see them escape by selling all the tokens they have.
or maybe some coins go into our wallets but never get listed on the exchange. from our airdrops, bounties, or stupid purchases.

[goolesby]

Usually, "shitcoin" refers to cryptocurrencies or altcoins that were created after the Bitcoin boom. A cryptocurrency or coin can lose value because the provider fails to attract investors. This could be because there was no confidence in the currency from the start or because the price of the currency was based on speculation. For some of these reasons, this currency is considered a bad investment.
Small cap cryptocurrencies may be the highest risk and highest reward form of investment. There is a high chance that you will lose all your money by investing in "shitcoins" and there is a possibility that you will make a huge profit.

[Botnake]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

I’ve been in a situation like that where I was investing in a project and I knew very well that it wasn’t legit or should I say it wasn’t going to work, But I still went ahead to invest in this project and at the end it didn’t workout.

The reason why I invested in this project is because of the same thing you have said here, I saw an early opportunity to make something from it before it’s too late. Things like this are usually a huge risk, it can work or it will not work. Luckily for me I didn’t invest much in it, I just invested a little money which I hoped I would have gained something from it.

Well if you happened to invest in shitcoins, it does not literally mean that its not profitable. Some are really making profits on it but only in the beginning. Eventually their value drops down easily and does not recover after a big dump. That is the reason why most of the investors stay away from it because it will only be worthless in the end.

I personally make an investment with shitcoins before because i wasn't aware at first. Good thing i have only invested a minimal amount so i did not make any regrets when it turned out that their value have gone. Well some have still good value but not listed in the exchange so still worthless in the end.

[coiner-88]

Litecoin and so forth are acceptable yet there are without a doubt numerous shitcoins and trick tokens that let the entire crypto scene down. Every one of these shitcoins make great publicity. Overall they are pointless, however they push the interest to digital currency. They are acceptable near pointer. Financial backers who need to have an easy gain without legitimate examination will consistently wind up putting resources into a shitcoin on their portfolio.

[memed97]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

I think Shitcoin just makes crypto look bad. They appear so much, even a very large supply in the market. As a result of scams that only use crypto as a place to enrich their own team, the effect on investors who use crypto as a place of investment becomes doubtful because of the actions of fraudsters.

[Spack17]

Shitcoins are just the bad faces of this cryptocurrency market. They contribute nothing more than helping someone make a lot of money in a very short time. Because many of them can be scam also. If you are ready to take a bigger risk, then you can try your luck in these shitcoins. Maybe you will find a really good chance but you shouldn't let greed take the control also.

[dunfida]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

We do have different impressions because there are still people who do make money out of being shit into the market which simply means people do mostly hate it but if you do know on what you are doing

then you can take risk but of course odds of losing investment is there but once you had done it right and a little bit mix of luck where a shit coin had been pumped then for sure its a nasty profits for you to make.

You shouldnt mind about those coins because it will really just divert out your attention on which you should focus more on main coins.

[kevindjunaidi]

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

total supply does not determine if the token is a shit coin, because in my opinion shit coin is a token that has no project and no function that can be used in the future, so as long as the token has a function and project, then of course we can't say that token as a shit coin even though the total supply is very large.

[letyouearn]

Shitcoins are inevitable unfortunately. But if you take any other sphere of human life you will see the same picture - 80% of everything is crappy quality
Crypto is just not regulated properly, so the percentage here is around 95%