Topic: Can PNUT become a threat to Bitcoin ? (Read 406 times)

PNUT has done very well since coming to the market but no coin can ever threaten Bitcoin no matter how well it does. Bitcoin is the first and top number 1 coin in the crypto world and many developed countries in the world are accepting Bitcoin as a legal currency.  So I don't think any other coin will ever have the ability to surpass bitcoin in terms of popularity or marketcap.  Although ETH is very powerful, it has never achieved the same market cap as Bitcoin. there's how you see PNUT as a threat to Bitcoin

I also just watched and laughed in my heart PNUT beat Bitcoin like we said in a dream not in reality. I think OP is convinced by yesterday's increase which jumped 80% suddenly. PNUT is just a shitcoin, it's not worth comparing it to Bitcoin, as they say, nothing is impossible in the crypto space, including this random meme coin.
Now let's not compare it with Bitcoin, it is very different from altcoins 100 and below, so before saying anything, you have to think about it first so it's good to read.

I can see that you write like you are trying to hype this coin. How on earth can this project overtake Bitcoin? How possible is this? Don't you think the work Replace is not fit for this actual coin? When the price of pepe was spiking, many people were saying that it could overtake Bitcoin as a memecoin but I just laughed. Now I'm seeing another word like replace here for this memecoin. Bitcoin is the number and I don't think about project that is created for the sole reason of making  profits for the team can not be trusted and does not have the probability of overtaking Bitcoin.

yeah, if im being honest, it feels like a mockery to compare Bitcoin to pnut haha.
never once crossed my mind to compare BTC a full fledged functional and the most secure blockchain to some random meme even the one deployed by some random person.
pnut even having a hard time beating the likes of WIF and so on, why should it beat bitcoin.

I don't think , PNUT will replace Bitcoin because the only altcoin that is close to Bitcoin is Ethereum but it will not going to replace Bitcoin than to continue maintaining the second position among other cryptocurrencies. I know many investors made a huge amount of money from that altcoin that make some investors to increase their capital, because they know that it will increase higher in the nearest future. Is like you don't know how those altcoins use to  display in the market,  Sometimes they will increase to draw the attention of others investors by giving them a massive increase that will make them to double their capital before it will start decreasing to disappear from the market which is what  PNUT investors will going to experience soon.

from monitoring the market I think PNUT will not be able to compete with bitcoin, although the movement of this coin is quite high, it is only temporary because in the crypto market going up and down is a common thing, and is not enough to be used as a guideline for the future, PNUT is a meme coin which is certainly difficult to value at any time the price can change according to market conditions.

It's funny for you to say that a shitcoin like PNUT will over take bitcoin who is the king of cryptocurrency. No matter the high price significant, it will only be for a while and in the latter it will start dumping. We have seen a lot of all these meme coins who will increase in price significantly but in few days, their price will drop drastically. It's good that if you invested in any altcoin and you are in profit, you sell quickly and buy bitcoin to keep the value of your funds.

You are too much in responding to coins like this, $ PNUT will not interfere with Bitcoin and become a threat, and speak the community and others, basically $ PNUT does not have a clear fundamental, so you don't need to worry even though this coin is falling.
I understand why some people think how there is one coin like Terraluna returns to this cycle that makes Bitcoin beaten to turn around to bearish.

The celebration or not is their right, because things like the increase in Altcoin triggered Altseason and they have the right to party for the velocity of money on Altcoin, even for coins that have no function.

PNUT market cap is inflated, since it total supply is 1 billion, compare that to bitcoin 21 million, and memecoins are just gambling for degens, and quick money making for scammers. it's an insult to compar it to bitcoin.


0.5 is way too much, we are in a bull market and its price is already down 50% from ATH, once the next market currection hits, PNUT and other memecoin like it are probably going to a big fat 0, that all they deserve imo.

right? the recent PNUT massive growth was an unsustaining one, it tend to have big pullback if the price grow too much at some point, because people also need to take their profit.

PNUT will just become like another meme coin, it will retain certain percentage of its value, even still valued at hundred of millions and will have occasional pump but it won't be as big as dogecoin let alone become a threat to bitcoin. when people are overhyped like OP i think it signifies that there's FOMO going on and we might better watch out.


in my opinion, the deserving value for PNUT is 0.5

maybe it will dump to that level eventually.

Go and check the current price of PNUT coin and tell me if you will still be confident enough to make this kind of bold statement of PNUT being a threat to Bitcoin, this is impossible and not achievable both now or even later, PNUT coin is a memecion and for that it will only make market progress in a limited manner and at this moment it price have been stagnant in on spot that is around $1.56 to $1.67, which is wide different from what the price of PNUT was in the last week, this shows that the coin is gradually losing it hype's and many investors are beginning to look in the direction of other coins in this week because of PNUT less volatilities and price upward movements.

How can just a memecion become a threat to the all mighty Bitcoin, and just for you to know while Bitcoin is an asset, memecions like Pnut are just gamble, that is to say they can go from 100 to zero making you lose your total investment, but that can't happen with Bitcoin because Bitcoin have a high market cap and volume to keep it at the top and relevant position as long as cryptocurrency industry is concerned.

Heh heh, don’t even think of they because that’s not even something that can happen even in the far future. Many coins have came and made a lot of impact in the crypto space, haven’t you seen the distance bitcoin is still given the second crypto in terms of market cap. They’re memecoin and that only is enough to disapprove its connection with wanting to surpass bitcoin in anything. I know a lot of investors are now after memecoins to make good profit, but it’s just a matter of time before they lose relevance again. Bitcoin in the real deal, let no doubt comes to you whenever you think of that or see a coin that’s making some big move in the crypto space just some few days or weeks after launching.

For me, it just doesn't make sense to compare Pnut with Bitcoin.

There are some people saying who compare with bitcoin.

ETH the killer of Bitcoin
SOL the killer of Bitcoin

And other comparisons...

Until whenever bitcoin will not be overtaken and there will be no comparison.

Replacing bitcoin is completely impossible. Is a non sense. Is even something stupid to say. If you think that a meme coin could in someway threat bitcoin ...
above there is an update of this memecoin. It's clear that they will go to zero. Behind the speculation there is nothing more. Just crazy numbers.
Of course people that are promoting the coin have a big investments and try to lure other people. A scam and a ponzi.
No, this stuff will never surpass bitcoin.

Illogical arguments doesn't help anyone, but there must be some help to someone for them to do something like that. The greatest situation we could have with bitcoin is just getting rid of these memes because they are not making any sense at the moment and we are seeing a terrible approach to crypto when people think that shitcoins like PNUT could make any noise. Clearly we can't really make that much money and we can't keep focusing on these stuff neither.

We are getting a greater deal for the long term with bitcoin and we shouldn't be putting that aside and keep trying our very best. If we could make profit with what we have at bitcoin and good ones then we could be happy, getting PNUT type of shitcoins would only make us sad in the future when they drop to a lower level.

the thing is, PNUT is just a token, the only meme that have the potential to overtake BTC is DOGE even then we're still too far from that target, because doge on its own have full fledged blockchain, running since old times and still exist till these days.
meanwhile PNUT don't have that advantage, neither it have blockchain that secures its existence, if solana suddenly being abandoned by the market, so does PNUT.

so this idea of PNUT can overtake BTC in itself is simply a wet dream, I don't believe that's gonna happen.

It is still far to compare PNUT with bitcoin,even though PNUT is attracting the attention of the crypto community right now, I think it is not comparable to its achievements it is too early to conclude about it, especially compared to bitcoin, it is difficult to go in that direction, especially considering the current movement of the crypto market.

This is not the only coin that members shill for us to think will outperform Bitcoin, and there are so many in the past that claimed that they have the coin that will beat Bitcoin; many of these are in the planning stage and have no whitepaper to show; we just have to show Bitcoin's dominance to shut out the competition, which is at 57.5% right now.


 

It is not all about price or increase but it is also about use cases. I think Pnut is only just a meme coin and usually, a meme coin has no use case but some coins in your list like SOL and ETH have. In fact, their values are also much higher now when compared to Pnut. It is just that they are not new anymore, so they find it hard to have a huge pump. Pnut on the other hand is still new, so its hype is still fresh. Those coins that did not attempt a significant movement again, might have a dev that has no dedication or commitment for the long term.

There are some who have but they still lack on something to not succeed. Elon Musk speaking in favour of Pnut is still an example of manipulation, as we know that he also done this before on other meme coins. That is actually shady or doubtful, and are not different to those coins who are being manipulated without any hint on the public.

You could have answered your last question there, as it was too obvious already. Of course, Dogecoin has not overtaken BTC yet and will not happen even if given enough time. There are better candidates than Doge in regards to this matter but even them still haven't come close to Bitcoin yet.

I thought that you were for real with this.  

It's okay if the others are investing in it and they're all hyped about it. We can't control investors minds if they're up for that because that's how the market works.

They can celebrate their wins and we'll just be happy if they are winning with their trades. The crypto market has already a bad impression long time ago and Bitcoin was criticized for so long so, it's nothing new if there's a bad and wrong impact about it.

Most meme coins don't survive at all only few.

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.

PNUT is around 62 position among the top 100 coins in CMC, I have seen several altcoins that are performing very well but for some reason they can't even be compared with Coins like Solana or BNB not to mention the big altcoin ETH, so why do you have to compare or put such shit coin on the same table with bitcoin.

Well sincerely I haven't heard of the coin PNUT but it surprises me that it's performing well even more than some altcoins that are well known hence it doesn't guarantee looking it up with bitcoin which is the drive force of our crypto space.

So if I may ask? if you had invested in this PNUT and it has performed very well up to this point would you not celebrate your wins?

Out of nowhere, it came and is under top 100 coins based on marketcap. I find the situation very funny. With this rate of growth I would not be surprised that in few months, it replaces Bitcoin and becomes number one coin based on market cap.

No way I support such coins. If crypto has to survive for long, such coins should not be supported. The success of investors investing in these type of coins should also not be celebrated because it leaves a wrong impact on mind on new crypto investors.