Shitcoin


About

Shitcoin is a slang expression used to describe a cryptocurrency that has little value or purpose, especially with no unique features or utility, and may also be a scam or money-grab attempt. The term originated in crypto communities sometime during the early 2010s as a way to describe altcoins that were developed after the rise of Bitcoin. This slang commonly appears online in memes, media or in various discussions, including a website and podcast surrounding the crypto industry based on the original definition.

Origin

Though the exact first use of the term “shitcoin” to describe altcoins online is unknown, the slang term appears as early as 2011 in a blog post from the site Herbert R. Sim depicting a fictional “Blade of Bitcoin” as the “slayer of shitcoins” (seen below). The site also includes a link to Investopedia’s definition of the term from that same timeframe, which is described as “… a cryptocurrency with little to no value or a digital currency that has no immediate, discernible purpose.”


Spread

After initially being spread online for several years, the phrase began appearing in other places around the web. On December 3rd, 2013, the subreddit /r/shitcoin was created with a dedication to various shitcoins, accumulating over 300 members in seven years. The term also began seeing use in memes, such as a post from Facebook user Agoristball on December 18th, 2017, receiving over 440 likes, 490 shares and 40 comments in three years (shown below).


check out this shitcoin Purchasing Power of U.S. Dollar $120 $100 $80 $60 $40 $20 $3.64 so 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 Year Source: Observations (ObservationsAndNotes.blogspot.com) Text Slope Colorfulness Line Plot Font Parallel Rectangle Circle

On February 18th, 2018, the slang was added to Urban Dictionary by user Tatsuman, which defined it as “A cryptocurrency of little to no value, usually a late-comer to the Bitcoin craze, a copycat cryptocurrency,” receiving 420 likes in roughly three years (seen below).


y f > TOP DEFINITION Shitcoin A cryptocurrency of little to no value, usually a late-comer to the Bitcoin craze, a copycat cryptocurrency. There are so many shitcoins these days, just stick to the classics. This new bitc0in crypto is just another shitcoin. by Tatsuman February 18, 2018 Text Font Azure

On June 4th, 2018, Instagram account cryptosharkk posted a Is This a Pigeon? meme using the term, accumulating over 2,300 likes in two and a half years (shown below, left). On January 8th, 2021, Instagram account ethereum_updates posted another example of a meme referencing Shitcoin, accumulating over 2,200 likes in three days (shown below, right).


Literally any Shitcoin Crypto Noobs Is this the next Bitcoin? Finger Animation Animated cartoon Thumb Gesture Cartoon Pleased Fiction Always has been 1 United States Dollar equals 0.000025 Bitcoin Wait, so the dollar is a shitcoin? Jan 7, 10:25 PM UTC - Disclaimer 1D 5D 1M 1Y 5Y Max 0.003 0.002 0.001 0.000- 2018 2020 1 United States Dollar 0.000025 Bitcoin Data provided by Morningstar for Currency and Coinbase for Cryptocurrency @Ethereum_Updates Sleeve Astronaut Atmosphere Personal protective equipment Space Safety glove

Shitcoin.com Site

In early 2018, the site Shitcoin.com was launched to discuss and review various altcoins in the cryptocurrency world, including a newsletter and podcast (seen below).

Various Examples


Me and the boys discussing which shitcoin to buy so it can moon exponentially Fictional character Animation Cartoon Animated cartoon "Everything other than BTC is a shitcoin" starter pack "Only $10,000 more and l'll break "Lol who cares about a 400% even!" gain? Your shitcoin is only worth $0.12" Cardano Charts id 7d im 3m ly YFomALL Oct 1, 2017 $0.240000 50.180000 50.120000 8 580OM 50.060000 50.0 S 240M "It only took 6 hours to process that transaction? Wow that's fast!" 16. Oct 6. Nov 27. Nov Market Cap - Price (USD) -Price (BTC) • 24 A123RF Coat Suit Formal wear Font Costume accessory Blazer Costume hat HEAVIEST OBJECTS IN THE UNIVERSE Black Hole Shitcoin Bags My Sun Moon Text Line Font

Mylife savings Me shitcoin 3 shitcoin 7 shitcoin 5 shitcoin 4 shitcoin 6 shitcoin 1 shitcoin 2 Head People Product Tourism Leisure Community Shorts Travel Pattern Youth Cool Friendship Plaid Thigh Tartan Pomp YO @APompliano Wall Street can say what they want about crypto, but a shitcoin has never traded negative Text some shitcoin that went up 200% in the last week me @Bitcoin.info Nature Organism Daytime Natural environment Atmosphere Atmospheric phenomenon Photograph Vertebrate Beak White Natural landscape Bird Adaptation Font Light Beauty Ecoregion Neck Black World Morning Water bird Biome Wildlife Feather Snapshot Photography Wing Shorebird Calm

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