Shitcoin
By CoinGecko | Updated on Mar 03, 2020
A term used to describe coins that have no actual usage or value. Also used as an insult at times to put down certain cryptocurrencies.
Related Terms
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Venture Capital
capital (funds) that is invested in a company that needs a substantial pool of funds to initiate.
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Fear, Uncertainty and Doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
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