Oh, how lovely this is!
I've noticed in the last years that most self acclaimed traders behave like gamblers, bidding hig/low on different cryptocurrencies just as an old maid with ludopathy does with the slot machines. Whenever they landed a jackpot -aka-pump & dump bubble- in one, they would just move onto the next popular shitcoin to go and create another pump & dump. Yes, ludopaths fed and preyed on each other, competing to see whom got out of the communally created wave in time.
What happens now with BTC going down?
Nobody tells you this, but all the cryptocurrencies -having nophysical "backup" of their value- are just like bank notes around the world, if one falls the others follow. They are all bound.
This drop in BTC condemns many other s̶h̶i̶t̶c̶o̶i̶n̶s̶ cryptos to inevitable death, making the count of potential slot machines where ludopaths may run to limited. Some bailed out of the casino, sold out and left their assets behind in the hand of smarter traders that hold their ledgers in the shape of stronger cryptos.
As shitcoins dissappear, other cryptos grow stronger. Yes, they do lose some value because they depend on people's use to hold a value but, being a non-inflationary asset, they are bound to grow over time.
Let the decimatio begin, lets make scammers look with fear at the project they abused for so long:
"Create my own crypto and sell".
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Sorry for the lack of images, I was told that I should put some in here, but I really don't feel like "pasting sources" just because some technology illiterate douchebag doesn't know how to right click an image.
(And somehow believes that by hotlinking I am claiming authory of the mentioned).