No-Coiner

Understanding the Concept of a No-Coiner

A no-coiner is an individual who holds the belief that cryptocurrencies have minimal value and are destined to fail. They do not possess any Bitcoin (BTC), Ethereum (ETH), or any other form of digital currency. It is important to note that not having crypto coins in one’s portfolio does not automatically classify them as a no-coiner. The no-coiner label is derived from their attitude or philosophy towards cryptocurrencies.

Some dictionaries, like Urban Dictionary, place more emphasis on the attitude aspect rather than the lack of coins in their possession. For instance, Urban Dictionary defines a no-coiner as someone who missed the opportunity to invest in Bitcoin during its early stages.

As a result, they express their bitterness towards those who took advantage of the opportunity. They constantly remind others that BTC and the cryptocurrency industry are scams or bubbles that will collapse. No-coiners suffer from a concept known as ressentiment, as described by philosophers. This means that they redirect their failures and pains towards external factors. Interestingly, those who do not believe in cryptocurrencies exhibit the same level of intensity as those who do.

In other words, they are not just skeptical; they are strongly confident that digital currencies have no place in the world. Despite the existence of evidence showcasing the practical applications of cryptocurrencies, no-coiners only see their usage in the hands of criminals and for other dubious activities.