Shitcoin slang term remade into the Bitcoin logo with a poop emoji to describe the cryptocurrency.


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Updated Jan 13, 2021 at 08:47AM EST by andcallmeshirley.

Added Jan 12, 2021 at 01:54PM EST by Zach.

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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.


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[1] depicting a fictional “Blade of Bitcoin” as the “slayer of shitcoins” (seen below). The site also includes a link to Investopedia’s[2] 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.”

BLADE OF LD OF CR HERBERT R SIM Here I present my latest concept art of the Blade of Bitcoin“, the slayer of shitcoins, held only by the chosen one, among the highest ranking of Commandeur' in the Ordre des Arts et des Technologies. "Shitcoins decimate with the blade, will change into Bitcoins in equivalent value."


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[3] 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[4] 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 (

On February 18th, 2018, the slang was added to Urban Dictionary[5] 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

On June 4th, 2018, Instagram[6] 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[7] 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? 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 Site

In early 2018, the site[8] 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 "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 HEAVIEST OBJECTS IN THE UNIVERSE Black Hole Shitcoin Bags My Sun Moon

Mylife savings Me shitcoin 3 shitcoin 7 shitcoin 5 shitcoin 4 shitcoin 6 shitcoin 1 shitcoin 2 Pomp YO @APompliano Wall Street can say what they want about crypto, but a shitcoin has never traded negative some shitcoin that went up 200% in the last week me

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External References

[1] Herbert R. Sim – Blade of Bitcoin

[2] Investopedia – Shitcoin

[3] Reddit – r/shitcoin

[4] Facebook – Agoristball

[5] Urban Dictionary – Shitcoin

[6] Instagram – cryptosharkk

[7] Instagram – ethereum_updates

[8] – Shitcoin Site

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