The All In Game
I spend a fraction of my time on unpopular shitcoin takedowns, I spent the time to learn about bitcoin, and shitcoins so I am not just speaking out of my arse. If I am, I've seen little evidence from shitcoin promoters that what I am saying is not true.
It doesn't benefit a shitcoiner to try and bring their point across because it's built on a house of sand and I will take it down pretty easily because I wouldn't fall for it and buy into their narratives that there's no profit motive.
The profit motive is to find the most ignorant and impressionable people and get them to buy and hold coins as long as possible.
High time preference scams
The media tend to focus on the high-time preference scams, the hacks, the rug pulls, and the poorly programmed tokens that blow up in epic fashion. It gives people a false sense of survivorship bias, you'll see it all the time when a shitcoin blows up.
Oh I never had that shitcoin thank goodness, I trust this shitcoin instead which I also cannot validate and only go on what I am told by influencers and the inner circle.
The combination of copium and hopium is a hell of a drug and business for hopium sellers is good.
Lower time preference scams
What people don't focus on is the scammers who take their time, the ones that gain your trust, and rip you off in ways you don't understand. Their goal is to get you to fall for a false sense of security, to go all-in with either your time, your money, or both.
They use announcements, yield, partnerships, and marketing to help you forget about the risk and to get you to trust that they are smarter than you so you should just shut up and hand over your money.
Every day that you're units "survives" you grow more emboldened, you want to double down, add to your position, increase those fiat gains and you will every time because you're addicted to the rush.
You're the smart one, how could you lose, you've never lost before and as more people feel that way, as more people go all in because they feel they cannot lose, that's when the maximum pain can be realised and it normally does.
#Bitcoin pic.twitter.com/Lw6PMMx2Bz
— naiive (@naiivememe) April 2, 2022
There are over 60 shitcoins right now, that have over a billion dollars in market cap, that are larger than some tech companies we use regularly yet these shitcoins do nothing.
It's absolutely astronomical valuations for things that won't last and have no reason to exist. When something has no reason to exist, it will eventually return to reality and when it does, those who believed in the narrative over reality end up with their shirts lost.
While I may think it's madness many will disagree, and that's what I like about the whole space, you disagree with your value and money, and when it's all lost you pay for your stupidity in full.
And I intend to collect big time!
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."
Let's connect
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The ones that take the slower approach, usually intend to hide their footprints to avoid being traced, most times, it's nearly impossible to tell a planned scam from an unfortunate project meltdown.
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I don't believe that to be true, there are ALWAYS markers to look our for and warning signs, people who buy these coins CHOOSE to ignore and discount that risk to zero and they pay for their bad choices its as simple as that
Ok, what would you say was the case of Luna?
Taking the uncertainty in the air as an example, unfortunately many of this projects live amongst us today with appearance of potentials...
Maybe with Shiba, you're right, but with Luna? Now the confusion...
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Luna blew up 07 May
Here's my warnings months before telling you its a scam but people ignore it
Let me make it easy for you ETH scam, Cardano Scam, all your shitcoins are scams and I can point out exactly how they work. Just because you're oblivious to it doesn't make it not true
Well hands up for this, now I'm loving this conversation, literally everybody praised Luna and UST, I would as well if I was given much chances to do so.
However, I don't even care about all those coins mentioned up there, never invested in any, but now I'm curious, what select coins do you believe(or know) to not be a potential (or literal) scam currently?
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If it's not a total scam, then it's either a naive attempt at over-engineering and creating a solution that has yet to find a problem and product-market fit.
I am not interested in any crypto, they're all going to fail
Bitcoin is in a class of its own
Not being interested is totally fine, but saying they all will fail has no logical reasons, it's not a valid argument.
If you're just going to act like you don't see the solutions crypto and it's many affiliated projects and products bring to the table, then I best ignore every other comments made.
If all crypto is to fail, bitcoin would fail as well...
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I'm not acting, explain to me where your so-called "logical reasons" for any crypto exists, I've been around since 2015 iv'e heard all the pitches, heard all the stories, so come on shill me and ill curb stop your argument
Nope, if crypto goes, bitcoin will still be around, lol don't kid yourself, its an independent network that is circular, energy goes in and doesn't come out. Do you even know how bitcoin works?
For someone who has been around since 2015, it's hilarious to have you say this, proves how you've only been about your ego to give blind eyes to the reality of things, like the world revolves around your opinion, how quickly has this conversation turn around?
Makes me wonder what then you're doing here, you should build your own website and lay out your opinions there, why come here? Oh, let me guess, to milk the system and spread FUD?
Hive is paying you for the lines of opinions you pour out everyday, yet you don't see it as a solution? Look,I just upvoted your comment, now you're being paid for that obvious lie, isn't that fascinating?
The solution here is that it's an empowerment, solves the raising rates of unemployed individuals, giving them a podium to monetize their arts and crafts.
Wanna hear more? Crypto as a whole eases trade, and the varieties that there are is an important aspect of it, you don't see every country using the dollar do you? No, but it's viewed as the strongest currency, right? Yet people have choices, this choices builds a community of believers, and whether you like it or not, that's where the value comes from...
Let bitcoin occupy that space of supremacy(that all maxi think it has) but let it not think it has value when the industry is dead. I don't need to know it all about bitcoin to determine if other cryptocurrencies will survive, because in due time, even bitcoin will be extinct, that's the beginning of a new model, but as long as this one stays, fuck yeah there will always be numerous cryptocurrencies and projects developing and scaling fine, quite comfortably than you'd normally love to see...
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I have it's here stop assuming things.
Lol all a bunch of word salad and you offering zero argument for any use case, the only reason different nations have currencies is because they want to control over exploiting their citizens, the same way crypto does over its bag holders. We've already had private money during the wild cat banking years, and how well did that go?
You're conflating talking points and marketing gimmicks with value and go ahead, go get rekt, be a shitcoin shill, be a useful idiot for people who have far better information asymmetry than you while you suckle on the teets of the elite for a new more inflation coins.
All crypto does is add layers and layers of complexity so people think they have the illusion of choice when in fact it's all the same shit. You like many will drink the koolaid and call me whatever names you want, but it's not going to change reality
How do I get rekt in a system I'm basically only earning? That's crazy thinking bro...
Congratulations, you have a website, stick to it, you'd earn more there than coming here to spread FUDs.
You mind dropping your phone number or email maybe, I'll be sure to give you a call or text when HIVE is at the top.
And lastly, there's no assumption in all I've said...
However, there's a lot in yours...🤡
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In this period of bear market, HIVE convinces me more and more. I believe some cryptocurrencies will not survive this bear market. HIVE will survive
Lol doesn't mean it won't grossly underperform just holding bitcoin
How do you expect to be taken seriously by defining a shitcoin as everything that isn't Bitcoin? Also, you haven't been on the maximalist train for that long (just long enough to hop in and kick the market while it's down). If you end up flipping during the altmarket you're going to lose a lot of credibility.
Also, look at your audience. By your own definition Hive is a shitcoin and here you are talking trash and getting paid for it. Needless to say I think you do great work and here I am upvoting your content. It's all very meta.
Also I need to buy more Bitcoin.
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