What is the hope of Shitcoins?

[crwth]

They are not called shitcoins for nothing. It is just a way to get money. It plays with investors in a PVP style of trading just because you are against each other all the time, and whether or not you have positioned yourself in a great spot earlier than before any other investors come across it, you would win, and then they would be the exit liquidity that you would have.

That’s how the shitcoins work. As long as there are people trying to buy and sell, that’s just how it’s gonna be, and it’s not gonna go anytime soon, in my opinion.

[taufik123]

I had the worst experience in my past with altcoins where I intended to convert my Bitcoins to buy random shitcoins/altcoins. I really learned my lessons during that time and that's why now I am more responsible with my Bitcoin, lol.
As we can see, Bitcoin really always outperforms altcoins combined these past years/months.

Convert Bitcoin to buy random Shitcoins/altcoins?
What affected you so you had to switch to a random altcoin that you didn't necessarily know the project and how it was developing.

There are many top altcoins that are more worthy of choosing from that could yield profits even though they also depend on Bitcoin, but they will still survive.

Most random shitcoins/altcoins you buy will only be abandoned when the hype has passed.
I also have altcoins and memecoins but I choose the best ones in the market, not shitcoins that just come up with high hype and then just drop and disappear.

As asked by the OP, what is the hope of shitcoin, of course the hope only appears once when the hype is high and those who enter at the beginning or insiders will get a profit when FOMO occurs, then after that there is no longer hope if shitcoin only becomes a shitcoin, instead of turning into an Altcoin that is developed with utility and the like.

[Zanab247]

If you are looking for big profit to earn in the crypto industry, there is no hope for you to earn such big profit with confident from shitcoins because they are not reliable like other potential altcoins you can invest money and hope for massive profits. You can earn little from shitcoins when you have the potential skills to select the ones that will not fail when you are about to earn profit from them in the future, and there are some that will disappear when hodlers are able to sell.

You can only experience such disappointment from new tokens in the industry, because they always show up some positive sign that will make people to rush into the tokens to buy and hodl, but it will not bring good profit at the end.

[michellee]

Some shitcoins can give you profit although you must research to find the coin. But if you really want to invest in altcoin, you can choose the top 10 list. It is better you leave Bitcoin as your main investment and use the other funds to invest in altcoin. But there is no guarantee you can make a profit from the altcoins/shitcoins.

If you don't want to confuse selecting the altcoins/shitcoins, you can choose Bitcoin and hold it for your long term investment. Your investment in altcoin could be for a short and medium term investment. So when you see the price surge higher for the altcoin, you can sell it and leave the market and enjoy your profit.

[Japinat]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Shitcoins are garbage, and they're meant to die, but sometimes they can deceive investors. So, stay away from shitcoins if you want to be safe, because most investors playing with them understand the risks and are just treating it like gambling.

[LogitechMouse]

Re: What is the hope of Shitcoins?

Shitcoins are being created for the sake of profit, and nothing more.

Most of them have no real utility. Most of them have no benefits at all. The only reason that shitcoins are being created is for early investors to make money only to be dumped on newcomer's faces. Many traders are thinking that they can make quick bucks from these coins, but in reality, they will most probably lose because most of these shitcoins will just crash and disappear.

Shitcoins only live off of hype. Once the hype fades, the value of it goes down, and the project will be abandoned eventually. Shitcoins exists for speculation purposes, often leaving those investors who invested late with worthless tokens. There's no hope for these shitcoins, and better to just avoid it at all costs unless you're willing to lose your money, then risk it on investing into them.

[ImThour]

You might have seen that PumpFun (the platform on Solana Network) has been the biggest earner of the past 2 years (2024-25) and the only reason is that they allowed anyone and everyone to make their own shitcoin for just $5. Before, it used to cost like a few thousand dollars to put your own liquidity to host your own shitcoin, but they were the game changer and which allowed them to earn almost 500 million dollars in just fees. This was the biggest project in terms of ROI that I could remember and this confirms the hype shitcoins have.

People love 10x, 100xs and they barely can wait months and years to get those returns on a good altcoin project.

[Coyster]

Can we now term it that most of the shitcoins are developed to sweep investors? I remember Africa coin called Wakanda when it was launched in 2021, I bought Wakanda coins N320,000 Nigeria currency but right now nothing is on it, I just believe they scammed coins.

You don't just buy any coin in the hope of making money from it, the number of scam coins out there is overwhelming and most of the people who are buying them are victims of their own greed, they basically want to make money without caring about what they are buying, things do not work like that.

That said, i know little to nothing about this Wakanda coin, neither do i have to spend a second of my time looking into it to know that it is a scam, you should have put that money to good use by buying bitcoin.

[Catenaccio]

They are not called shitcoins for nothing. It is just a way to get money

That’s how the shitcoins work. As long as there are people trying to buy and sell, that’s just how it’s gonna be, and it’s not gonna go anytime soon, in my opinion.

When you step on shit, it's hard to clean it and when you spend your money in shitcoins, you will lose your money very painfully and quickly. That's how shitcoins work!

You might have seen that PumpFun (the platform on Solana Network) has been the biggest earner of the past 2 years (2024-25) and the only reason is that they allowed anyone and everyone to make their own shitcoin for just $5. Before, it used to cost like a few thousand dollars to put your own liquidity to host your own shitcoin, but they were the game changer and which allowed them to earn almost 500 million dollars in just fees. This was the biggest project in terms of ROI that I could remember and this confirms the hype shitcoins have.

People love 10x, 100xs and they barely can wait months and years to get those returns on a good altcoin project.

The platform name is PumpFun but it's zero sum game and not all people join games launched on PumpFun actually have fun and profit. How many cryptocurrencies failed? is a warning and I believe soon in 2026 and 2027 bear market years, there will be reports like how many altcoins launched on PumpFun died.

Easy comes, easy goes, easy launches, easy dies, and very soon, PumpFun will prove this fact.

[Fara Chan]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Shitcoin is not the focus of investors at all because investors in crypto are always more focused on Bitcoin so they only consider Shitcoin as a regular coin that only enlivens the crypto industry even though they don't have a strong enough foundation because Shitcoin can be removed from the market when there are no more enthusiasts. So there is definitely no need to look for any opportunities from Shitcoin because they are not created for the long term so investors are not so interested in putting their money in any Shitcoin.

[Stablexcoin]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Nope shitcoins will always be a tool for profiting. Many devs and users are used to it so they know it will still exist in the long run. Most projects are recycyled and aome of these shitcoins are just revive in the new name. Im guessing CZ is trying to change the game with their own style on memecoin. But Id see it will not work as intended since many degen still like the usual case.

The aspect of refurbishing is true. Most crypto projects was originated from an alpha project that was used to get into the game, and fully test run it on their victims. The same company rebrand the alpha project by giving it a new name and identity but deep down its the same goals. Weve seen this in most telegram play 2 earn projects build on the TON network. I often tell my friends it might literally be one company who have all these p2earn tapping crypto projects on telegram. After the success of the first one they used it as a medium to launch others.

[EluguHcman]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Firstly you need to understand that there is no coin created to be called shitcoin rather it is their valueless potentials in a long time after launched that tells it is a shit coin and it has always been the mimic meme coins that has always played this shit.

Honestly if I may say, those shit coins are doing cryptocurrency speculations no good but tarnishing the reputations of the valuable and potential coins like Bitcoin and other good alt coins at the view of adoption when talk about beginners adoptors and how to be convinced about the legitimacy of those quality coins

[Hyphen(-)]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Most shitcoins are not pumping as they used to pump in the past, they do mostly have some time to pump and then go down completely within short period of time unlike in the past where shitcoins will be given more than 100x returns of investment.

Some shitcoins in solana chain are trying, but not as they used to be in the past, and for this reason, we need to to be very careful in shitcoin investments, we should rather invest the little amount of money we have in Bitcoin than to risk them on altcoins or shitcoin that might just die within few days.

[Justbillywitt]

I get where you're coming from—most meme coins or "shitcoins" as you refer to them, don’t bring real innovation and are just hype-driven. But some do help bring mainstream attention to crypto, which can be a good thing. Just think of how much exposure to crypto coins like DOGE or SHIBA brought to crypto from people who have never even heard of cryptocurrency before. Thats at least how I see it.

You are also forgetting how many people that shitcoins or Meme coins have ruined their lives and have made them to leave the crypto space. We have more failed meme coins projects that have ruined people and send them out of the crypto space than successful meme coins projects that has brought people into the crypto space. Meme coins should be avoided especially by newbies. It will Keep benefiting the privilege few and continue ruining the majority of the people who invests in them.

[Patikno]

In reality, shitcoin is always present and there will always be several new shitcoins emerging every time. If you think that shitcoin has no influence on the development of the crypto industry, then I think that's wrong. Because this shitcoin sometimes creates a hype, so it is often talked about by many people, and of course attracts the attention of new people in crypto. In addition, on the miner side, I think this shitcoin also has an impact, namely because usually shitcoin piggybacks on a certain main network, so it also helps increase the transaction volume on the network, so it is clear that it has an impact. As for investors, I see a lot that shitcoin has improved the lives or finances of investors, but it needs to be known and realized that many investors have also experienced a lot of losses on shitcoin. Therefore, remain vigilant and careful every time you see any opportunity.

[Proty]

I get where you're coming from—most meme coins or "shitcoins" as you refer to them, don’t bring real innovation and are just hype-driven. But some do help bring mainstream attention to crypto, which can be a good thing. Just think of how much exposure to crypto coins like DOGE or SHIBA brought to crypto from people who have never even heard of cryptocurrency before. Thats at least how I see it.

Investing in shitcoins is just like gambling, the risk of losing your money is very high and many today are afraid to invest in crypto because of the negative experience they have had with some shitcoins and so the shitcoins you just mentioned did not bring any exposure to crypto currency. If you want to talk about coin that's has brought exposure to crypto you should be talking about bitcoin and not shitcoins. Bitcoin is a potential coin and in the world of crypto currency no crypto can be compare to it and I don't see the possibility of any other crypto taking the place of bitcoin, so many has lost there money from those coin you mentioned and I will never advise anyone to invest in them.

[GbitG]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Hmmm, that sounds awkward!!!
OP can guess from the name itself that the name of Meme coin is therefore kept as meme coin that people can be fooled and robbed through it (Rug pull). To me, shitcoin is a synonym for gambling. Because in a pump and dump, only luck matters, as in gambling, luck handles all matters.

Shitcoin is nothing it is another way of scamming. In the market, they have fooled people, people think that we will be able to organize profit from them, but in reality it is a piece of shit. It is better to gamble than to invest in it. So my advice is to everyone that stay away from Shitcoin they can give you nothing but loss.

I believe in Only BTC Bitcoin and after that, the rest of the little bit on top Alt…

[Nwada001]

Am not seeing any better chances of shitcoins improving crypto industries and better the lives of investors and miners. Or what do you think?

Shitcoins are like Ponzi schemes to me, especially most of those memecoins that have no use case and only survive based on the hype they get from those who are advertising them. The profits that most people make from such coins are at the detriment of others who will be crying of loss on the other side of the screen. If you are asking how they are helping, it's arguable to say that the majority of those shitcoins are just bringing a bad name to crypto as a whole, making people tag it a scam.

[RockBell]

You are also forgetting how many people that shitcoins or Meme coins have ruined their lives and have made them to leave the crypto space. We have more failed meme coins projects that have ruined people and send them out of the crypto space than successful meme coins projects that has brought people into the crypto space. Meme coins should be avoided especially by newbies. It will Keep benefiting the privilege few and continue ruining the majority of the people who invests in them.

Crypto is a risk on its own and that is why people are not even scared about does shitcoins because the moment you buy them the moment they start dropping and they will never rise again they because among coins that are just useless amd at the end of the day they become decorative to the wallet or anyone you decide to even keep them.

You just have to shine your eyes when it comes to this investment because they are to logical and they are always hyping and dumping and people keep falling for there little tricks and people need to be smart about the whole thing and newbies are always excited when they start investing and the next thing is going to be after they are have been deceived then they start losing there money.

And some people are always lucky to always make money from bitcoin but I feel those who make money are lucky then because things are just to easy to be true sometimes.

[suzanne5223]

The major hope for shitcoin is to be the hype base, and rug pull venue where the whales with the inclusion of the team involve in using the investor's investment as the chance to make a max profit.
You said it yourself, the shitcoin space doesn't have the potential to improve the crypto industries but to make newbies investors paint crypto as a scam market where the rich are directing fund from genuine investors into their pocket.