... we always have seen some level of retarded speculative frenzy sideshows that spring up in previous bull runs, pyramid scheme games, scamcoins with cult leaders, mining hardware ponzis, etc, etc the list is long ... but the current insane retardedness in valuations of altcoins is a whole new level, I think it is likely because of the mainstreaming effect, the average IQ of new 'crypto' investors is decreasing so a new level of retard in the ancilliary speculative sideshows is somewhat expected I guess
It’s frustrating marcus but I think in a lot of shitcoins a dozen or so individuals hold a lot of the supply. It’s quite obvious that for example with DOGE, when these big players decide enough is enough & they’re ready to cash out or convert to bitcoin, the whole house of cards will come tumbling down. Let’s be honest most people only play with shitcoins to try & increase their bitcoin stash. Bitcoin dominance will go up massively again in the not too distant future. Let the peasants play with their pennies, bitcoiners always win in the end.
A massive % of the money in shitcoins is going to flow back into bitcoin, we just don’t know when. It will happen though. This consolidation period in King Daddy is frustrating, it’s trying my patience but an explosive move will happen in the next couple of months.
I am bored out of my brain but I would never make any dumb moves.
HODLING is the way, it can be boring during times like this but it always works.
Moon soon boys, soon.
