Introduction
Two types of people want to know what shitcoin is. The first person to hear “shitcoin” everywhere is, “this is a shitcoin!” and “don’t stop shilling your shitcoins,” but they don’t know exactly what it means to be something of a shitcoin. The other person gets an idea of what shitcoin is, but doesn’t know which cryptocurrencies are shitcoins and which aren’t. So for those who give shit, here are some definitions.
Definition of “Shitcoin”
There are several definitions:
The a “great way to financial loss” and “kriptovaluta with no utilities or custom properties”. In other words, shitcoin is a cryptocurrency that will one day be completely worthless.
saying that shitcoin is “a pejorative term used to describe altcoin that has become worthless. The value of shitcoin may disappear because the interest was not realized, because the altcoin itself was not created in good faith, or because the price was based on speculation. This article then further breaks down “shitcoin” with an additional 500 descriptions and analyzes.
The Quora poster “altcoin (az) considered worthless because it lacks hasznos useful features in blockchain development. Although shitcoins are considered worthless, this does not necessarily prevent them from “going to the moon”.
Which coin is shitcoins?
Nothing in this article is financial advice. I’m not a financial advisor. Please contact a professional financial advisor for financial advice.
Truth be told, however, the above definitions are very good. But in the end, it’s really the opinion of what coins are “shitcoins”. Everyone has it, right? raises the white flag and only defines shitcoin as “any cryptocurrency that is not liked by the person talking about it”. And even that has some merit. Some people think that all cryptocurrency shitcoins.
Take Noriel Roubini, an American economist who teaches at Stern Business School at New York University. In October 2018, the term “shitcoin” really made its way into the U.S. Senate’s testimony in the Banking Committee, thanks to Roubini’s 37-page assessment, entitled
In his testimony, he uses “shitcoin” and “shitcoins” at the same time before seeking a minor apology from the Senate for doing so, and a Google search proved the term as a nomenclature in cryptocurrency space.
In his testimony, he uses “shitcoin” and “shitcoins” at the same time before seeking a minor apology from the Senate for doing so, and a Google search proved the term as a nomenclature in cryptocurrency space.
The earliest mention of “shitcoin” on reddit appeared 7 years ago, in 2011. And according to Google Analytics, there was little interest in the word during the cryptocurrency boom from 2017-18.
Today, the word shitcoin is thrown around, referring to cryptocurrencies like ships in the ocean. It is forever part of the cryptocurrency space. There’s just something in it, as , there’s only the ring of viruses in the word that allows you to rule.
TechCrunch recently wrote an article on an article titled, “Coinbase abandons the cautious approach, yet‘ coinbase-dabbles-in-shitcoins ’.
And if the name Meltem Demirors seems terribly familiar to you, it could be that you only watched him on national television… you talked to Congress… you explained in all seriousness what Shitcoin is.
You can view the testimony here:
So let’s end this explanation of what shitcoins are, with a little shitcoin music to play us – thanks for reading!
