Fuck this thread.
All I see are lambo and moon memes here. Where's the talk about tech? Adoption?
This is a bad sign. The community are retards that only care about making money. Time to get out.
Please go somewhere else.
Substratum is one of the few players in crypto that come with a real problem solution and try to make the world a little bit better for everyone.
Well yeah, but the problem for me is putting Russia in the same league as China when it comes to internet.
Situation in the US regarding freedom of speech and propaganda is much worse
The Crypto atmosphere has changed drastically the past few weeks. No one cares about tech anymore. No one cares if you have a product even (look at TRX). It's all hype.
Everyone thinks they are making money because they buy and hold. But when enough people take profits, it all comes crashing down.
It's fine though - you have to learn to move and adapt with trends. That's why SHIFT is getting ready to do a mass-marketing campaign for their better product (it's better compared to no product).
Substratum is a GOOD coin, don't get me wrong (that's why I bought a good amount), but SHIFT should just be way better. That's because SHIFT should easily be top 50.
I've finally accepted how the game has changed from tech oriented enthusiasts to kids banned from LoL games stuck on repeat "when Lambo, when Trex?". Now everyone makes money - hey look at Dentacoin, the idiot that wasted money on it came out on top 😂 - I can only imagine how much worse it'll get. They'll turn into snobs too 😱. I've thrown most fundamentals out of the window now too, all the new dumb money needs a cool name and low token value to think it's the next Ethereum. Well okay then, let me get my surfboard and ride those dummy waves too until I can afford a beach of my own.
The fact is though, that the market price only reflects what a limited number of people will pay for the coin.
So on everyone's portfolio, the "value" goes up higher and higher... and more euphoria...
But then, when it comes time to buy food, pay the bills, people start cashing out, and there are no more buyers left.
That's the thing with crypto - it's like you have 10 guys with a rock each. There is one buyer who will buy the rock for $1000.
So on each person's portfolio, they have $1000, and a $10000 market cap was created out of thin air...
But when it comes time to cash out, it's a ZERO-SUM game, and when one guy cashes out, 9 of them will be left with a rock.
That's why it's STILL important to invest in *solid* projects (and I think sub is solid, but SHIFT even better), not garbage like XRP or TRX.
Because when people cash out (and you don't know when they will) at least you still have a working service that can provide privacy, decentralization, security, etc.