Crypto Terms:
Letter N
What is No-Coiner?
Meaning:
No-Coiner -
a person without cryptocurrency in their portfolio who believes that cryptocurrency is set to fail.
Let's find out No-Coiner meaning, definition in crypto, what is No-Coiner, and all other detailed facts.
A no-coiner is a person who believes that cryptocurrencies have little to no value and are guaranteed to fail. No-coiners do not hold any digital assets in their portfolios. However, a lack of crypto assets in a portfolio is not a clear indication that a person is a no-coiner, as the label relates to the negative beliefs they hold towards cryptocurrencies.
In some cases, a no-coiner attitude comes from a failure to invest in the early days of Bitcoin (BTC). Therefore, the person may hold resentment towards investors who succeeded and gained significant profits from their crypto investments.
Some of the sentiments often shared by no-coiners are that cryptocurrency is a scam, a money-laundering scheme, or a market bubble that will explode in a similar manner as the housing bubble in 2008, which led to the global financial crisis.
No-coiner attitude often goes beyond skepticism as they are strongly convinced that cryptocurrencies cannot succeed and will crash and burn in the foreseeable future. Although there is proof of crypto utility, no-coiners believe it can be used solely for illicit activities, like theft and money laundering.
Some describe the attitude of no-coiners using the philosophical term ressentiment, or the act of blaming personal failures on external factors. The ardent anti-cryptocurrency stance of no-coiners is comparable to the strong pro-cryptocurrency beliefs of crypto evangelists.
miner nodes<\/strong>. Miners run full nodes to be able to compete in validating transactions. Also, miners make sure to provide the necessary computing resources to a network so it could solve mathematical problems as a means to propose blocks. Common nodes, on the other hand, do not propose blocks.<\/p>\n<p>It’s important to keep in mind that inactive nodes can’t receive penalties if they’re running on a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work (PoW)<\/strong><\/a> mechanism. However, a node operating on a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake mechanism (PoS)<\/strong><\/a> can receive a penalty if it’s inactive. In this case, an inactive node must first synchronize with the blockchain and only then it can return to its activities.<\/p>\n<p> <\/p>","definition":"an essential part of blockchain infrastructure that stores data and enables the validation of transactions.","status":"published","meta_title":"What is Node? Definition & Meaning | Crypto Wiki","meta_description":"Node meaning: Node - is an essential part of blockchain infrastructure that stores data and enables the validation of transactions.","meta_keywords":null}"
:prev-section="{"id":524,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Nifty_Gateway","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-22T18:55:49.000000Z","slug":"what-is-nifty-gateway","title":"What is Nifty Gateway?","section":"N","keyword":"Nifty Gateway","content":"<p><strong>Nifty Gateway<\/strong> is an exclusive <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">NFT platform operated by Gemini LLC (a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">cryptocurrency exchange<\/strong><\/a>). The exchange platform and the Nifty Gateway are owned by the Winklevoss twins.<\/p>\n<p>Nifty Gateway combines <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">crypto with collectible artworks and music to create high-value tradable assets. This empowers some of the top artists and musicians in the world by allowing them to develop and sell NFTs.<\/p>\n<p>Non-fungible tokens (NFTs) that you can sell and buy through Nifty Gateway are known as <strong>Nifties<\/strong>. Essentially, NFTs are <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">digital tokens<\/strong><\/a> recorded on a blockchain. They fall into the category of cryptocurrencies but they are not like the traditional ones. <em>Why? <\/em>Because NFTs can come in any form, including art, <strong>games<\/strong>, music, and so on, while traditional ones have the same fixed form.<\/p>\n<p>Besides, if you already own an NFT, you can use <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-metamask/">MetaMask to transfer it to the Nifty Gateway Omnibus Wallet. Besides, you can apply on their website to become a Nifty creator and <strong>sell your own artwork<\/strong> if you want. Though note that you’ll need to fill out a questionnaire and complete an interview to be actually accepted.<\/p>","definition":"an exclusive NFT platform owned by a cryptocurrency exchange Gemini LLC.","status":"published","meta_title":"What is Nifty Gateway? Definition & Meaning | Crypto Wiki","meta_description":"Nifty Gateway meaning: Nifty Gateway - an exclusive NFT platform owned by a cryptocurrency exchange Gemini LLC.","meta_keywords":null}"
:model="{"id":558,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Slang","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-22T18:57:02.000000Z","slug":"what-is-no-coiner","title":"What is No-Coiner?","section":"N","keyword":"No-Coiner","content":"<p>A <strong>no-coiner<\/strong> is a <strong>person who believes that <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies have little to no value<\/strong> and are guaranteed to fail. No-coiners do not hold any digital assets in their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-portfolio/">portfolios. However, a lack of crypto assets in a portfolio is not a clear indication that a person is a no-coiner, as the label relates to the negative beliefs they hold towards cryptocurrencies.<\/p>\n<p>In some cases, a no-coiner attitude comes from a failure to invest in the early days of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a>. Therefore, the person may hold resentment towards investors who succeeded and gained significant profits from their crypto investments.<\/p>\n<p>Some of the sentiments often shared by no-coiners are that cryptocurrency is a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-scam/">scam, a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-money-laundering/">money-laundering scheme<\/strong><\/a>, or a <strong>market bubble<\/strong> that will explode in a similar manner as the housing bubble in 2008, which led to the global financial crisis.<\/p>\n<p>No-coiner attitude often goes beyond skepticism as they are strongly convinced that cryptocurrencies cannot succeed and will crash and burn in the foreseeable future. Although there is proof of crypto utility, <strong>no-coiners believe it can be used solely for illicit activities<\/strong>, like theft and money laundering.<\/p>\n<p>Some describe the attitude of no-coiners using the philosophical term <em>ressentiment<\/em>, or the act of blaming personal failures on external factors. The ardent anti-cryptocurrency stance of no-coiners is comparable to the strong pro-cryptocurrency beliefs of crypto evangelists.<\/p>","definition":"a person without cryptocurrency in their portfolio who believes that cryptocurrency is set to fail.","status":"published","meta_title":"What is No-Coiner? Definition & Meaning | Crypto Wiki","meta_description":"No-Coiner meaning: No-Coiner - a person without cryptocurrency in their portfolio who believes that cryptocurrency is set to fail.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="N"
current-section="what-is-no-coiner">
