Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[happietappy]

In the earlier days of cryptocurrency, setting up your own blockchain or creating a new cryptocurrency was quite difficult but thanks to projects like Ethereum, Stellar, Tron etc, those days are now gone and anyone can easily create a new cryptocurrency in form of token running on an existing blockchain (there are even services out there that let you do this without writing any code). Also setting up your own blockchain is not as difficult as it used to be, thanks to the open source nature of most cryptocurrency, one can just easily fork from another existing coin.
This easy level of entry also comes with it own problem cause over time alot of coins just keep popping up that are either totally useless or straight out scam.
This is a list of popular shitcoins, shitcoin are generally coins that are either created as a joke or doesn't serve any useful purpose.

1. PenisCoin: "What goes up must surely come down"... Penis was the world written on the ICO website of a coin that promised to be used for labelling fruits and vegetables. The devs made for the exit after raising $11 and wrote the word "Penis" on their website. Coincidentally this just proves that the devs are actual D*ICKS. Over time, coins with this exact name have actually been created, this just makes me wonder how you are going to explain to your girlfriend/wife that you invested all your savings in PenisCoin cause you feel that it will *GROW. :)

2. JesusCoin: Will you actually say no to a coin that promise to "outsource sins"? I don't know of you, but it pretty difficult for me to say no, will love to know how it's done.

3. TrumpCoin: I don't have to shill this coins to you... trust me, it promise something really YUGE... :)

4. CoinyeCoin: Where there was Trump, there was also Kanye, sorry Coinye. It appears that Mr.K was not so happy about the fact that his face is on this shit so he called he law army to take this down.

5. PutinCoin And PutinClassic: Seems like Putin was not so happy that Trump was getting his own coin, what makes US better than Russia... Fortunately he got two coins in his tribute.

6. ShitCoin: Did i need say anything about this coin? shit is already in it name.

7. PonziCoin: Will you invest in a coin that explicitly state that it's a scam and you won't get your money back? Unfortunately it was closed cause according to the devs, "it has gotten crazy out of hand". Were people actually investing in this?

8. Useless Ethereum Token: This is a coin that proves that been useless actually pays cause despite having useless in it name, it was still able to raise $62,750 during the hot ICO fever craze.

9. InsaneCoin: It kinda CRAZY that a group of individuals in the crypto community will actually prove they are "Insane about crypto" by creating Insane INSN. This is a coin that is actually being traded and currently has a market cap of over 100k, isn't that Insane?

10. FuckCoin: I present to you "Finally Useable Crypto Karma". Do you give a https://www.beermoneyforum.com/? cause am out of one.

Some honorable mentions that are not in the list cause they are "Self Explanatory" are AnalCoin, TitCoin, VGINA, SpankCoin, SexCoin.

I didn't include DogeCoin cause even though it was created as a joke (Doge Meme), it has really grown to become a micro transaction coin. Also the dog in it icon look so cute, i don't think it deserve to be in this list of shit.

What do you think? kindly provide your own list of shitcoins.

 

[apeter]

Actually even I think doge has lot of positives though it's value is very less. Dogecoin is not a good cryptocurrency to trade , but definitely worth to use it as it is one of those coins which have very less transaction fees and fast transactions

Thanks for the reply, I'll look into getting some dogecoin (besides other crypto), to see what I can do with it, and how easy or complicated it is to use it - be it spending somewhere, or convert to classic money. Playing only small though, I'll only invest time and some clicks to see how it works.

 

[KarthikP]

Thanks for the reply, I'll look into getting some dogecoin (besides other crypto), to see what I can do with it, and how easy or complicated it is to use it - be it spending somewhere, or convert to classic money. Playing only small though, I'll only invest time and some clicks to see how it works.

Yeah you can easily earn dogecoins from the faucets and even a telegram bot called dogeclick bot. Main purpose of dogecoin is lesser transaction fees , and even Nano cryptocurrency is like doge but it has good value.

 

[Banglashi]

you may want to include pesocoin since it's closes down or never upgraded their official website
pesocoin dot biz.

 

[KarthikP]

According to me , 90% of airdrop based on telegram are shitcoins. I have started earning from airdrops from past 1 year and still now I didn't exchange even 1 token because none of them are worth anything.

 

[Darknesty]

I received some tips on Reddit in a form of Artbyte which is suppose to be a cryptocurrency that was created to support artists.

So far I only knew one crypto exchange called Zapple that allows you to trade Artbyte. I don't know what happen to this coin, probably the project is dead.

 

[Averagejoe]

According to me , 90% of airdrop based on telegram are shitcoins. I have started earning from airdrops from past 1 year and still now I didn't exchange even 1 token because none of them are worth anything.

Thing to understand about shitcoins is that one shouldn't get attached to them. And consider it to be the next btc, I have seen a lot of people holding onto their shitcoins hoping it will go up in value, but it just die down when major dumping happens, which certainly always do by devs and people who are manipulating it all.

Just dump them the first chance you get and take profits, Lot of money to be made in selling shitcoins. There's no derth of dumb money apparently.

 

[KarthikP]

Thing to understand about shitcoins is that one shouldn't get attached to them. And consider it to be the next btc, I have seen a lot of people holding onto their shitcoins hoping it will go up in value, but it just die down when major dumping happens, which certainly always do by devs and people who are manipulating it all.

Just dump them the first chance you get and take profits, Lot of money to be made in selling shitcoins. There's no derth of dumb money apparently.

But most of the tokens that I get from the airdrop are not even listed in atleast one exchanger , then it's not possible even to sell it. Think of GCU cryptocurrency, everyone thought it's worth $1500 , but till now there is no update in how to use or sell GCU

 

[LightningProd]

GreenHashes should make this list as well. It was a WAVES token whose goal was to plant trees with the ICO money and the Tx fees (I think).

I found it when I was new to crypto and got 2 GH ($6) from it, but it started losing value quickly and I exchanged it a day later for $0.19/GH. When it hit rock bottom ($0.0008/GH) I discovered I could make the GreenHashes value go up 450% with pennies and ended up turning my $0.38 into $0.73.

 

[Kennysplash]

Like how do people seriously sit down and think of such ridiculous names? Anyways most of the creators are anonymous so they don't care about the nomenclature. I laughed so hard.

 

[Wisdom01]

This I really interesting , I think there was a time I saw a coin called value coin too but the coin didn't have any value , so I am always careful when investing in this coin

 

[ElPaule]

In the earlier days of cryptocurrency, setting up your own blockchain or creating a new cryptocurrency was quite difficult but thanks to projects like Ethereum, Stellar, Tron etc, those days are now gone and anyone can easily create a new cryptocurrency in form of token running on an existing blockchain (there are even services out there that let you do this without writing any code). Also setting up your own blockchain is not as difficult as it used to be, thanks to the open source nature of most cryptocurrency, one can just easily fork from another existing coin.
This easy level of entry also comes with it own problem cause over time alot of coins just keep popping up that are either totally useless or straight out scam.
This is a list of popular shitcoins, shitcoin are generally coins that are either created as a joke or doesn't serve any useful purpose.

1. PenisCoin: "What goes up must surely come down"... Penis was the world written on the ICO website of a coin that promised to be used for labelling fruits and vegetables. The devs made for the exit after raising $11 and wrote the word "Penis" on their website. Coincidentally this just proves that the devs are actual D*ICKS. Over time, coins with this exact name have actually been created, this just makes me wonder how you are going to explain to your girlfriend/wife that you invested all your savings in PenisCoin cause you feel that it will *GROW. :)

2. JesusCoin: Will you actually say no to a coin that promise to "outsource sins"? I don't know of you, but it pretty difficult for me to say no, will love to know how it's done.

3. TrumpCoin: I don't have to shill this coins to you... trust me, it promise something really YUGE... :)

4. CoinyeCoin: Where there was Trump, there was also Kanye, sorry Coinye. It appears that Mr.K was not so happy about the fact that his face is on this shit so he called he law army to take this down.

5. PutinCoin And PutinClassic: Seems like Putin was not so happy that Trump was getting his own coin, what makes US better than Russia... Fortunately he got two coins in his tribute.

6. ShitCoin: Did i need say anything about this coin? shit is already in it name.

7. PonziCoin: Will you invest in a coin that explicitly state that it's a scam and you won't get your money back? Unfortunately it was closed cause according to the devs, "it has gotten crazy out of hand". Were people actually investing in this?

8. Useless Ethereum Token: This is a coin that proves that been useless actually pays cause despite having useless in it name, it was still able to raise $62,750 during the hot ICO fever craze.

9. InsaneCoin: It kinda CRAZY that a group of individuals in the crypto community will actually prove they are "Insane about crypto" by creating Insane INSN. This is a coin that is actually being traded and currently has a market cap of over 100k, isn't that Insane?

10. FuckCoin: I present to you "Finally Useable Crypto Karma". Do you give a https://www.beermoneyforum.com/? cause am out of one.

Some honorable mentions that are not in the list cause they are "Self Explanatory" are AnalCoin, TitCoin, VGINA, SpankCoin, SexCoin.

I didn't include DogeCoin cause even though it was created as a joke (Doge Meme), it has really grown to become a micro transaction coin. Also the dog in it icon look so cute, i don't think it deserve to be in this list of shit.

What do you think? kindly provide your own list of shitcoins.

How easy it is to create and promote new coins is a threat to all crypto, cuz if there is a major scam where politicians or celebrities are involved they actively lobby against crypto in general.

 

[BullyMaguire]

I also don't see dogecoin as a shitcoin because it has been there at the top along side eth btc despite the value difference it held its own high and the supporters are no joke

 

[Yugocean]

There are so many shitcoins in the world of cryptocurrency that their impact is not even known.

As Dogefather Elon Musk tweeted about buying Coca-Cola and adding cocaine to it, the value of the Dogecola shitcoin in the cryptocurrency market increased by up to 60%. (Now it is going down.)

(PS Tweet creator has deleted this tweet now)

Don't invest in dogecola after reading this, its liquidity is not guaranteed.

 

[Mariappa45]

Plenty of the shitcoins out there, there value is too volatile. I saw baby doge the other day, the price was high when it first came out last year, now it is very low, you can't even quote the price because is nowhere near a cent. Take a look at its current price '$0.000000002055. that's one of the reasons why I don't trade shit coin, they can easily fall flat after seeing high surge during afterwards of their launching.

 

[Yugocean]

I don't think shitcoin are bad, but we do invest in wrong coin which introduces at high price. Even I invest in a shitcoin and lost my invest, it was just a wrong choice. SHIB is also a shitcoin, yet people invest in it and it's value can reach up too.
There is another shot coin named safemooncoin, it is considered as scam, still it is in market.