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

[Finestream]

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.

Yes, shitcoins just make the whole crypto market not appealing to everyone. But if you take time to know them well, and take the risk to invest a little amount, then you will not really totally in loss. They are still profitable but only good for short term. If you plan to hold them for long, maybe its the time that you will fall in a huge loss as shitcoins or meme coins are not made for long term investments because they eventually lose their value and will fall into trash coins.

So i don't encourage everyone to choose shitcoins, but give more time on solid and stable coins in the market if you are here for long term investments.

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[Rengga Jati]

This is not a new issue anymore. This has been from a long time ago, there will be always that kind of shit coins
Why?
- This token or coin is very risky both for trading and investing
- Shitcoin has no string fundamentals and team
- Shitcoins may be too good to be true and this will not happen
- Listed on mostly low exchange ranks
- Has so many total supplies
- Price with very big pump and dump very quickly
This may be worthy if you know the right moment to take profits once it is pumping.
But in fact, this is very risky because we can lose our money so easily and quickly in this shit coin

[Kena Banned]

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%

Agree, the creation of shitcoins are inevitable, moreover many people are easy to be manipulated for getting instant profit by buying such that shit thing.
The developer can just copy-paste the solidity code, change it a bit and deploy it on BSC, the next step only brainwashing the investor with some bullshit words.

[herizal85]

In my opinion, the distribution of tokens in large quantities will have no effect on the crypto world, on the contrary, that is what we must avoid because it could be a scam that has no price on the market. So I think the big token sharing is just to entice us to follow them

[magnum1010]

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 ?

The main drawback of them is that they don't have anything really valuable under them like for example a project or an efficient blockchain, so everything that can keep price is just hype and support from authoritative people. Shiba has been listed on coinbase that might attract investors' attention, but I don’t think that it will return popularity to shit coins.

[gaston castano]

maybe they just followed the fomo at that time, now we see that only shiba inu and safemoon cash survive. so it will always be there and people call it shitcoin, both for now and in the future.
Shitcoin will always exist.

[ansarose1]

My own understanding about shit coin is that, when you have that kind of an altcoin that gives you no benefit at all, like if you have received a token from an airdrop that has no value at all even for almost a decade it can be a shit coin, or if you have that kind of token and already listed but impossible to trade or sell it, also a shit coin. For some instances, the ones token that is called a shitcoin could be a good coin in the future by a chance.