Topic: Can PNUT become a threat to Bitcoin ? - page 2. (Read 406 times)

If you don't believe this memecoin why compare it to this bitcoin? This is a joke.

Before you compare with bitcoin try saying something more realistic, for example “can Pnut be a threat to Doge” because both are memes especially there is still no meme that can overtake Doge in the capitalist market so it is very unnatural to compare with bitcoin.

If you are someone who do make out such huge money with some meme coins and seeing that marketcap had been able to go in top 100 in overall marketcap then you will really be having that kind of emotion boost up but actually this isnt really something that you do need up to consider or tolerate. Talking about some meme coins to replace Bitcoin into that #1 on which ETH and other some solid altcoins with solid usecase cant be able to do so. How about if that $PNUT to try out to kick $DOGE first before considering on dealing up with Bitcoin? Actually people might be laughing on the time or moment that they had been able to read this up. We do know that it would really be that impossible for some meme coins to take over that top spot because if we do really tend to look up those top meme coins then it will really be just that staying below.

So better not to make yourself that being too positive because it will really be just that be giving out that huge disappointment because you are expecting something which is somewhat delusional approach.
On the time or moment that you do make money with meme coins then it will really be always recommended that you should really be that securing out its profits and never tend to make yourself that too greedy.
You will really be having that kind of regret in the end if you do missed out on doing so.

I am pretty sure that they are very well aware that bitcoin is of course not same with PNUT, but they are just making this overstatement so that we could be considering how good it could be. The aim is that PNUT can't go to rank 1, but it could go to rank 30, which would be a huge increase and that is what they are aiming by saying it's best ever.

I mean you would have to have no idea about crypto world at all before you end up investing into this at all, we should be considering how this could be just based on marketing and nothing more. If you consider marketing that's it and nothing further at all. If you consider going further that would be a lot better and you shouldn't really consider these as realistic and just realize that these are made up stuff in the end.

The biggest question is: can the rate growth be sustained? There will be a point that investors stop pumping it, and then the price will stabilize. This is not an extra ordinary type of coin that can be a threat to Bitcoin dominance; you can check the stats to see the huge difference.
You need to understand that in this market there are a lot of types of investors, and many are involved in pump and dump and quick profit. They may have profited investing in memes, but they also lose a lot of money investing in the wrong memes.

The growth is impressive, but I'm not surprised. If you profit from PNUT, you must be very lucky. DOGE and SHIB have also experienced incredible growth, but gradually everything will go down again. and I think it depends on their ability to survive in the market.
After the pump, today you can see PNUT is down. Maybe something normal happens, but hopefully, it doesn't cause panic in the community and make the decline much deeper.

It might be fun

Alt coins are never a threat to Bitcoin. No matter how many coins you compare Bitcoin to in the market, Bitcoin will always be on top. Bitcoin is also far ahead in terms of price and market cap.

#1:BTC Current price: $94,840          BTCMarket Cap $1.87T

#63: PNUT Current price: $1.570       Market Cap: $1.57B

It’s posts like the OP that give the Altcoin sub a bad name. Charles-Tim sums it up perfectly in this quoted post. In no metric possible, will Pnut ever be greater than Bitcoin (except for supply cap but that’s what kakes it a shitcoin any way).

You surprised me with this question, what Ethereum, SOL, Dogecoin etc could not do, Pnut from nowhere will do it suddenly just because it moved significantly higher? Calm down. This is not the first time we have seen coins/tokens performing significantly. Still, after a while many of them end up cooling down and some will not even attempt a significant movement again even as others will be minimal in their volatility. And if you did not know, Elon Musk has recently spoken in favour of Pnut, so you can't doubt that rise. But the question is, has the Dogecoin he supported and still supporting overtaken Bitcoin yet? This is practical.

I'm sorry, but that shows how delutional you're. Are you comparing a meme token, pumped by Elon, to Bitcoin? Bitcoin is rising due to its fundamentals and mass adoption, and it's not comparable to meme coins.

Pnut is only being used by crypto twitters to fool his followers. They always hyped it to attract their followers to pump, once it gave them nice profit, they dump it.

All in all, the answer is very obvious Pnut can't replace bitcoin, never.

Also you should consider that as most altcoins are not getting to all-time high, there is a high probability that pnut will be like other old coins when it will become old in a way that it will fall significantly in the bear market and later rise just a little in a way it will not get to its all-time high again or for decades. There were old coins like pnut that did not get to all-time high this time.

Nah it can't do that.

I love the homeless metaphor you built to make a real difference between Peanut the Squirrel & Bitcoin. It is clear that Bitcoin has everything to be unbeatable, let alone meme tokens, mainstream altcoins projects will also find it difficult to beat Bitcoin.

BTC dom is too high for it to be replaced by some meme like PNUT




even DOGE with constant shill from elon isn't replacing BTC anytime soon what makes you think somehow magically PNUT can overtake BTC, i mean i understand with its rapid growth but doesn't mean the growth will lasts forever at some point it will fade and it will become just another meme like WIF, PEPE, and so on.

your worry is unfounded tbh.

One more factor should be considered here.

Time it took for PNUT to reach 63 position based on market cap : few days after launch

And for Bitcoin: It is 14 years old to reach that market cap.

According to CMC: "Peanut the Squirrel is a meme coin on Solana."
So (PNUT):
- It's a meme coin
- It "rents" the Solana blockchain, like homeless

And you compare it with (Bitcoin):
- Coin with sound reasons (utility, fundamental, marketability, etc. any of that jargon)
- A blockchain with much mining hashes, and nodes
- ETF, listed everywhere, oldest, etc.

So not a threat at all, not even close.

Obviously, OP did not research the facts before making the comparison; he was overwhelmed by the PNUT performance, so he did a comparison, and yes, OP is shilling for us to look at the coin; honestly, I am not aware of the existence of this coin until OP shills this coin, and no, I will not support his observation, and OP just counted himself as one guilable guy who believes that a random coin can beat Bitcoin's dominance.

Even mainstream L-1s are hard to say as a threat to Bitcoin (BTC), let's just say Ethereum (ETH), BNB (BNB) and Solana (SOL). So, there's no place for meme tokens to replace Bitcoin (BTC) in terms of market capitalization. Maybe they should think first about how to beat the market capitalization of other mainstream L-1s .

Pnut is another shitcoin in the market and it value will and is not sustainable and even at this time we can see that it market recovery have largely depends on Bitcoin, so making this kind of statement about Pnut being a threat to Bitcoin is somewhat a laffeable statement and you need to have a rethink next time you want to make any statement that involves Bitcoin, the crypto industry is not looking for a replacement or a threat to Bitcoin, but just an alternative which we already have several altcoins that have played that rule of alternative to Bitcoin.

Pnut is still a hyped project and just a a memecion, it popularity just depends on the current hype around the market and so as time goes on the hype will die down and the coin will eventually join the list of other dead coins in the market, so for a giant in the crypto space as Bitcoin, it is more than just a hype but a sustainable way of market trends.

Is this a joke or something?

Bitcoin dominance: 59.1%
Pnut dominance: 0.05%

Bitcoin marketcap: $1.82 trillion
Pnut marketcap: $1.63 billion

Bitcoin is 1104 times greater than pnut.


So why the comparison. I guess this posts is more about means to look for ways to let people know more about pnut. It will not be a surprise for me if the coin is later dumped.

There are some comparison we are not meant to compare because we know bitcoin has remained the top 1 and not other would be more better or beneficial like bitcoin especially when it comes to long term investment or holdings. We can always assumed but presumptuous bitcoin is always the best choice of investment even though we are constantly trying to change direction of investment due to some personal reasons and gain towards achieving a specific amount by investing in some shitcoin to attain that particular gain.