General TradingS

Shitcoin

A crypto altcoin that's got no real purpose for existing. Shitcoins, while subjective labeled as such, promise you the world, maintain price or even increase in price while the hype around them is high. However, shortly after buying a bag, the sh*tcoin takes a fat nosedive off a cliff as the altcoin is sold off into oblivion by traders looking for profits

Example

“The trader lost 95% of his investment in a shitcoin that promised to revolutionize social media but had no working product, team transparency, or development activity.”