But to many they're known
as shitcoins: digital currencies that are like bitcoin but, well, crappier.
Now all we need to do is start buying real tech and stop
pumping shitcoins looking for instant profits, and we will go a long ways towards being in a sustainable investment position, rather than unsustainable gambling.
Well, you could buy a bag
of shitcoins and hope John calls your number.
Throughout the many Pepe sticker sets on the messaging app, the green frog can often be seen doing all kinds of digital currency themed activities like
trading shitcoins.
The distribution process for getting a cryptocurrency into the hand of stakeholders and into the general market can also provide you with insight for
identifying shitcoins.
If you're looking to buy Bitcoin with your
favorite shitcoin, the chances are Bittrex supports it.
There's going to be a lot of people smarting when all these vaporwares and
shitcoins crash and burn, but while bitcoin idles, silly season is showing no sign of letting up.
For instance, the potency of the «Get in before the split to get
free shitcoins!»
Highlights include Scamcoin with its «innovative proof of scam system» and AssPennies: «Created in 2014, this coin was the shittiest of the
original shitcoin craze».
Shitcoins lack public recognition, have flat development and obscure potential.
Experienced crypto dealers tend to easily identify a newly
developed shitcoin by monitoring the technology and proposed innovation behind the coin.
In the industry altcoins are sometimes referred to
as shitcoins, but we see that as an endearing term more than anything else.
Or they just want to misdirect as many people as possible away from BTC, so they come running back to gold once
the shitcoins they are peddling disappear.
So maybe BTC is a fork and
shitcoin that just stole the name?
A developer who bulk buys
a shitcoin and then suggests dual forking it with bitcoin to inflate the price
Who's to say that shilling a coin on Twitter is any more ethical than pumping
a shitcoin in a private group, or profiting off the inside scoop on Coinbase's next token listing?
If you're interested in putting a trading bot to the test, by all means give it a try with some spare satoshis or
shitcoins.
Market participants seem to agree that the vast majority of cryptocurrencies offer no long - term investment value (the phrase «
shitcoins» is thrown around a lot to refer to these assets).
This piece seeks to provide a comprehensive guide on how to spot and avoid «
shitcoins» in the cryptocurrency industry.
In the industry altcoins are sometimes referred to as
shitcoins, but we see that as an endearing term more than anything else.
Kakizawa, for instance, excitedly draws his cellphone at one point to show how his news feed has been bombarded with «sagicoin» - related content - that's Japanese slang for «
shitcoins», or cryptocurrencies that don't have a unique or valuable market proposition.
Some cryptocurrency exchanges are happy to list any token (known colloquially as «
shitcoins») because the exchanges make revenues from trading fees, and so are indifferent to the quality of the project or the price going up or down.
Market participants seem to agree that the vast majority of cryptocurrencies offer no long - term investment value (the phrase «
shitcoins» is thrown around a lot to refer to these assets).
A shitcoin is any new altcoin that is not mainstream or does not add innovation to the market.
If an altcoin grows worthless or turns out to be a scam, then it is
a shitcoin.
As «
shitcoin» scams pile up, it's becoming clear that new currencies need trust, too.
In a dedicated trading strategy blog post, BitMEX, which earlier this month signaled its opposition to all hard forks, described SegWit2x as a «
shitcoin.»
It's
a shitcoin but remove replay attacks protection.»
It's
a shitcoin but remove replay attacks
Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a «
shitcoin.»
All it takes is for someone to create
a shitcoin with a circulating supply of 150 billion, list it on an equally shit exchange, sell one coin for $ 1 and instantly it's worth more than bitcoin.
Altcoins / ATH / Bear Market / Bitcoin Diamond / bitcoin gold / drop / John McAfee / N - Featured / Onchainfx / Pump and Dump / Ripple /
shitcoin / tron / verge
In the end, vocal community stakeholders, myself included, called SegWit2x what it really was,
a shitcoin.