A no-coiner is someone who believes that cryptocurrency has little value and/or is doomed to failure. The fact that they do not store Bitcoin (BTC), Ethereum (ETH), or other digital currencies is not the only indicator to call someone a no-coiner.
The no-coiner label refers more to the attitude or philosophy they adhere to towards cryptocurrency.
No-Coiners and a Bitter View of Cryptocurrencies
Some dictionaries, such as Urban Dictionary, emphasize that the attitude aspect is more important than the absence of coins in their wallet. They describe no-coiners as individuals who failed to invest in Bitcoin in the coin's early days.
As a result, they voiced their dissatisfaction with those who embraced the opportunity. Primarily, they express anger or frustration through constant reminders that the BTC and cryptocurrency industry is simply a fraudulent scheme or a bubble headed for collapse.
No-Coiner Ressentiment and Views of Distrust
No-coiners suffer from what philosophers call ressentiment. They shift personal failures and pain onto external factors. Interestingly, people who don't believe in cryptocurrencies show just as much courage as those who do.
In other words, they weren't just skeptical; they confidently and hysterically stated that the world has no place for digital currencies. While there is evidence that crypto has real use cases, no-coiners only see the dark side, namely use by criminals and questionable activities.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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