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

[nhaila]

Shit coin just a curse for me because I already invested several coins but lastly some projects turned into shit coin which given me a lots of losses. So I never invest in shit projects without investigate.

[reza7777]

Previously I wanted to ask you, who said it benefits the crypto world? And where is the advantage? it's very clear that it makes crypto bad in everyone's eyes because with so many sh*tcoins it makes beginners afraid to invest in crypto

[Fredomago]

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway  .
 those that  says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Yes, type coins like that are only for their community, but people tought they had hope that that coin will have a similar experience to "doge coin" but I believe it will be very difficult to happen because things like doge don't always happen in the market. especially with coin that have the same concept. without any other benefits for other people.

People though still in hope that with this Memes pump may happen and gives them huge profits, unknowingly that all  kind/ types of project similar to this were created to generate profits for the developers.

It's better to stay away if you are not willing to lose your money, if you are a conservative type of investor, you should buy project who already have proven usages and have a good addition to this industry, progress might slow but  chances  of having passive income is very high.

[smyslov]

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 don't see any benefits from these shitcoins people are losing money and they scream shit on these shitcoins, the word shit is very bad on anything, especially on shitcoins and every investor should run away with it these shitcoins because you are just going to lose money and make you disappointed, the most important thing here is how to differentiate a shitcoin to a coin with good potential.

[virasisog]

Most shitcoins are created for profit. Some people earn a lot money from it if lucky. Some buy during presale and sell it quickly once listed. However, this is risky it is either you earn or lose your money. Imagine coins without use case being sold in the market, most of them are running due to hype.

[chanler]

shitcoins is a bad thing and a lot of people get the lose. it's certainly annoying and even arguably makes the crypto world bad for the people who accept it. the number of scam projects also indicates that the crypto world must be more careful. therefore it is important for us to be able to research and choose the good coins to invest so as not to get a loss, especially if we spend a big amount of capital. be careful and be aware of shitcoins that can be detrimental.

[imstillthebest]

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway  .
 those that  says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Yes, type coins like that are only for their community, but people tought they had hope that that coin will have a similar experience to "doge coin" but I believe it will be very difficult to happen because things like doge don't always happen in the market. especially with coin that have the same concept. without any other benefits for other people.

it did.
new coins have a simillar experience to doge in terms of being a meme coin and there are some that pumped too like a doge .
meme coins can bring fun but until now the production of meme coins still continues and it does not bring fun anymore but its now becoming annoying .
 they need to stop this but it will be effective if people will ignore them .

[asriloni]

shitcoin was a shitcoin. The name of shitcoin being labelled to the scam token and garbage tokens caused by people were seeing this as a scam token and useless token. that's why they were seeing this as a scam token dude. The fact that so many times people calling this as shittoken and when they think these tokens are good and they will not labelled it with the bad name.
Shitcoin = ngarbage token = totally useless

[slaman29]

they have upgraded . they are not called shitcoins anymore but they are now called as meme coins . having large supply is the asset of a meme coin because they are for fun anyway  .
 those that  says that meme coins or shitcoins benefit the market are lying . how can it benefit ? it only makes the people greedy and think that crypto is easy money . if they dont met their expectation and they will get scam , it destroys the reputation of all crypto

Nah man, no way. Shitcoins are shitcoins, you can't upgrade them, you can only dress them up different and put make up but if you wash all that surface away you are still left with shit. And the thing about shitcoins, they can look different on the outside but you can't hide the smell. Shitcoins smell like shitcoins a million miles away. Whether or not we decide to ignore the smell is another matter:)

[bahagia93]

shitcoins is a bad thing and a lot of people get the lose. it's certainly annoying and even arguably makes the crypto world bad for the people who accept it. the number of scam projects also indicates that the crypto world must be more careful. therefore it is important for us to be able to research and choose the good coins to invest so as not to get a loss, especially if we spend a big amount of capital. be careful and be aware of shitcoins that can be detrimental.

Yes, now there are indeed many shitcoins that have been born in the crypto space, so that irritation is always there for everyone, and in current conditions, of course shitcoins are not a good choice to consider, even more suitable to be ignored or shunned before there is any regret for it.

[Cling18]

Shitcoins are coins that gave lots of investors a false hope that they could boom in time. These coins have just wasted our time and funds as well as our efforts. Shitcoins will always be shitcoins and no better word could replace them. We should get rid of shitcoins and focus on potential coins like Bitcoin.

[mu_enrico]

Whether an altcoin is a shitcoin is purely subjective, so there will be no consensus about the definition and stuff. For Bitcoin maximalist, there is only Bitcoin, and the rest is altcoin/shitcoin, it's pretty much the same. However, for me, I have to try it first. If it works and I have a good experience using the particular coin (to buy goods and services), I won't call it shitcoin.

[carlisle1]

If usages is for real then the future of such project will sure bring something good both with your investment and the services itself,
it can classify as good project that will gained support in the long run.

You need to keep yourself in-hand with assets that you are planning to use both for investment or for transactions,
same a like with Bitcoin which we already seen those usages that we are enjoying.

In the other side, shit coins mostly are those projects who obviously alluring investors with good promises to gain quick profits..

Whether an altcoin is a shitcoin is purely subjective, so there will be no consensus about the definition and stuff. For Bitcoin maximalist, there is only Bitcoin, and the rest is altcoin/shitcoin, it's pretty much the same. However, for me, I have to try it first. If it works and I have a good experience using the particular coin (to buy goods and services), I won't call it shitcoin.

[Vishnu.Reang]

Whether an altcoin is a shitcoin is purely subjective, so there will be no consensus about the definition and stuff. For Bitcoin maximalist, there is only Bitcoin, and the rest is altcoin/shitcoin, it's pretty much the same. However, for me, I have to try it first. If it works and I have a good experience using the particular coin (to buy goods and services), I won't call it shitcoin.

In that case I must be a Bitcoin maximalist. Out of the 10,000 plus altcoins, I would classify 98% to 99% of them as shitcoins. If a coin doesn't have unique idea, and in case it doesn't have a real life usage, then the best label for it is "shitcoin". Unfortunately, the vast majority of the circulating altcoins belong to this category. Obviously you are not going to like the truth and may call those who disagree as "Bitcoin maximalists". But the simple fact is that there are too many coins out there and almost all of them are useless and survive only on hype.

[Mihawk]

Well, I think the benefit is in enriching the creators of these tokens. Shitcoins are rarely released compared to Shittokens. It's hard to judge, but probably in the medium and long term it will do more harm than good to people, because many of them will find themselves with huge bags of tokens and won't have anyone to sell to because they will realize that these tokens have no use. The coins if they were PoW could exist an interaction at least what about the tokens? What interaction do people have with tokens?

[Zilon]

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 ?

There is actually no harm in trying to solve a problem with newer shitcoins which is on the increase as the day y goes by. I feel the challenge with most of this shit coin is their consistency o
and how long the can withstand the market because the blockchain industry is highly competitive at the moment and it takes a token with genuine projects to stand the taste of time

[apa don]

There are a lot of shitcoins going around. And I actually feel sad for people who invest in these shitcoins because they only follow the hype. What about the coins that really deserves to be noticed. I'm talking about DIVI, it's a good project but it's undervalued right now. People should invest in crypto projects like DIVI.

Yes, it's very true to pay attention to it, the currently circulating sitcoins are not a serious thing for those who invest, but that will all change in the future, because it all happens because there are many competitors in the asset market that are developing in the market. crypto market now, one of them is like DIVI.
Hope that all will be well.

[ChiBitCTy]

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 ?

This is certainly an interesting question.  Personally I think all the shitcoins out there are a bad thing, do to the fact that so many have been made with ill-intentions or go against what crypto stands for and is then misperceived in a bad way by the general public who is not so savvy when it comes to understanding cryptocurrency.  One example of that is Doge.  That shitcoin took a lot of attention away from bitcoin and other serious projects.  It's a POS coin vs a POW coin which is also garbage and is more centralized.  Ripple is another great example of a centralized shitcoin that gives a bad look to the crypto-sphere.

[lousie9]

Shitcoin is indeed profitable when we get the right momentum when it is booming and that too only for a very short time and after that the token will be destroyed, so such tokens are not suitable for us to invest in and better for us to ignore.
except for tokens with high supply but have project innovations that are very likely to be good in the future.

[pinoycash]

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 ?

All those tokens that had trillions or quadrillions of supply are just shortlived scams and doesnt last long enough. They dont have real use case even in their own community. All people see is how they can make 100x in just short period of time. so it more like a gamble than a real investment.