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shitcoin

From Wiktionary, the free dictionary

English

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Alternative forms

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Etymology

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    Blend of shit + bitcoin.

    Noun

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    shitcoin (plural shitcoins)

    1. (slang, derogatory, vulgar) A cryptocurrency of little or unclear value.
      Antonym: stablecoin
      Coordinate terms: altcoin, memecoin
      • 2017 December 12, Matthew Hrones, “Three Altcoins Crypto Investors Should Keep an Eye On”, in Bitcoinist‎[1]:
        But, against what many people shout about on Reddit, not every altcoin is a "shitcoin."
      • 2019 July 18, Ben Brown, quoting Rep. Warren Davidson (R-OH), “'There's Bitcoin and Then There's Shitcoin (Libra)'. Congress Finally Gets It”, in Yahoo! Finance‎[2]:
        There's bitcoin, and then there's shitcoin.
      • 2019 August 1, William Foxley, “Crypto Exchange Launches 'Shitcoin Futures Index,' Offering New Way to Short Alts”, in CoinDesk‎[3], archived from the original on 4 August 2019:
        Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures.