Sometimes I feel like I am taking crazy pills when I see the blatant misinformation spread online and the fact that people have no ability to discern fact from fiction makes it even more dangerous. During the bull run we saw so many new scams roll out funded by venture capital and promoted by a collection of dumb influencers and insiders and even dumber celebrities.
They were all shilling the next big money-making opportunity, it's faster than bitcoin, it does more transactions than bitcoin, its cheaper than bitcoin, you earn more yield than bitcoin, staking rewards are better than holding bitcoin. So these shitcoins were all pitching that they have technical improvements to bitcoin as per fucking usual.
Then with NFTs its one of a kind, its rarer than bitcoin and together these two narratives were pushed all over the place and people fell for it like the psyop it is, I stood around then, as I stand around now, watching the madness and stupidity unfold.
Bull run more like bull shit runs
As the bull run came to an end and prices reverted, guess which coin did the best? Fucking bitcoin, and all these shitcon games yes, con games, got destroyed. Yield platforms got obliterated, stablecoins got merked, and NFTs got pounded into the ground.
But how could that be? I thought your shit was better than bitcoin, so hows your trade going? How did all your trading, staking, and yield games offset the imploding of your assets? Not very well
A lot of people learned their lesson while a small minority came out on top by being able to sell into that speculative buying early and make off with something by selling people nothing.
Its an inflation hedge store of value
Now I am hearing the shitcoin community lick their wounds and go back to being the basic bitcoin affinity scam it always was, now it's not about being better than bitcoin. The story is back to "crypto" we all it together, now all of the sudden crypto has the same use case as bitcoin, it's a store of value and it will return as bitcoin rises.
What a load of dog shit, there have only been 4 coins in the history of shitcoins that topped their previous all-time high in bitcoin terms, and NO COIN has done it 3 cycles running.
When will you people wake the fuck up and admit you're gambling, I encourage anyone to provide me with a solid argument? You can't and you won't because you know it's true.
Shitcoins are a complete psy op, I am sick and tired of hearing this horse shit about well don't lump them all in one bucket, no they all have fundamental trade-offs that make them shit. If they didn't bitcoin would be easy to replicate?
Geez, I know the public education system is bad and perpetuates an army of morons that will believe anything but damn how many times can you ignore the truth?
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, "I am a Jessie."
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