SHITS EVERYWHERE - The Shitcoin Of All Shitcoins. Launched by Fartcoin DEV

[Shariar Porosh]

$SHITCOIN



SHITS EVERYWHERE. The Shitcoin Of All Shitcoins. Launched by Fartcoin DEV. Run by community.

The shitcoin of all shitcoins, created by fartcoin dev 💩




What Is Shitcoin?



The term shitcoin refers to a cryptocurrency with little to no value or no immediate, discernible purpose. The word is a pejorative term often used to describe altcoins or cryptocurrencies developed after Bitcoin became popular.

The diminished value of a shitcoin is often due to failed investor interest because it failed to meet investor or creator expectations or didn't deliver on the promises made by the developers. As such, these currencies are considered to be bad investments.

Key Takeaways
❖ A shitcoin is a cryptocurrency with little to no value or digital currency that has no immediate, discernable purpose or value.
❖ The term is often used to describe valueless altcoins or cryptocurrencies developed after bitcoins became popular.
❖ Shitcoins are characterized by short-term price increases followed by nosedives caused by investors who want to capitalize on short-term gains.

How Shitcoins Work

Interest in cryptocurrencies increased substantially since bitcoins were introduced in 2009. Their success has drawn in businesses looking to take advantage of blockchain technology to create their own altcoins, which are virtual assets that piggyback off the basic design of Bitcoin. Developers typically announce how many tokens are ultimately made available—the supply of bitcoin is capped at 21 million, while ether supplies are capped at 18 million per year.

Setting a supply limit creates scarcity, as investors understand that additional tokens will not be created after a certain point. More tokens would theoretically dilute the value of their holdings, the same way a new stock issuance may reduce the value of a share of stock.

With the supply of an altcoin fixed, its value should depend on demand. But since most cryptocurrencies have limited practical use—buying and selling real-world goods and services using cryptocurrencies is not yet a common occurrence—their values are based on pure speculation. Therefore, a shitcoin is something people say is (or isn't) valuable simply because it exists.

Shitcoins are easy to identify because they follow a specific pattern. Although there may be some interest in a coin when it launches, its price remains relatively level. But the price increases exponentially over a short period of time as investors begin to jump on board. This is followed by a nosedive caused by investors who dump their coins at critical price points to capitalize on short-term gains.

It is unlikely that the development and marketing of altcoins that will one day be considered shitcoins will slow down substantially while interest in cryptocurrencies remains high. A quick look at cryptocurrency aggregators reveals that coins are added all the time, attempting to attract capital from unwary investors.



Website: https://shitcoinwebshite.com

Twitter: https://x.com/SHITCOINfartdev

Telegram: https://t.me/shitcoinsolcto

Contract address: 42PZx7bPF1EMnP9L7vcjihTx7Nryxh81GG9Xs6fdpump

Pumpfun: https://pump.fun/coin/42PZx7bPF1EMnP9L7vcjihTx7Nryxh81GG9Xs6fdpump

DEX: https://dexscreener.com/solana/67zsvecuht9vkwwwgylhmdx1vms1h9xhnhnuk8uqdnzf

CoinGecko! 🦎 https://coingecko.com/en/coins/shitcoin-3


ShitcoinOfShitcoins

[TomPluz]

Well, what can be "shitter" than the shit of all shits in the world of memecoin and cryptocurrency? Actually, I consider a shitcoin as something that is planned to fail but in the process of its destiny one can make big bucks as long as there is a strong community support and many investors and traders can be coming in joining the party. So I guess we need to give this $SHITCOIn the chance to give us the shits of dose we need everyday...and good luck to all the buyers.

[yhiaali3]

I can't describe it any worse than that, "The shitcoin of all shitcoins"  Wow.

I wonder where we are going with all this? Has the crypto community's standards changed to look for the worst and the shittiest coins? In the past we looked for the best, but today it seems to be the opposite. 

Anyway, it seems that no one is interested in successful projects that have a real need in the market anymore, it's all about making more and more profits only.

[Aanuoluwatofunmi]

I will just have to sound this warning to many of us who will be interesting on altcoins, that shitcoins does not appears by names which they bear, they are only been introduced to us by their developers which we are expected to first go after whom they were and why are they bringing such project into existence, once we know about all these, then we are going to make use of the opportunity and risk management we had effectively in making the accurate choice on which to go for.

[gunhell16]

Sometimes it's really hard to distinguish which meme coins we can say are really worth pumping, you think that if you suddenly pump on pumpfun, it's really possible that in just minutes you can get an instant profit of thousands of dollars.

Just like these Shitcoins, there's no point in meme coins but if it's true that they've accumulated more than 1M$ marketcap, those who have accumulated here are lucky no matter what. But this time is not worth it to buy. Maybe if you just bought on pumpfun, you could still buy it and that's what happened.