100 sats \ 2 replies \ @AJ1992 23 Nov 2023 \ parent \ on: 10101 - Public Beta bitcoin
Maybe because people have made literally hundreds of thousands to millions of dollars holding/selling what you consider 'shitcoins.' Maybe it's because people have also made tons of money with futures and derivatives. Maybe instead of thinking that listening to what those you disagree with the way you think is pointless because you disagree, You could see it as a way to learn and gain knowledge and maybe find something useful to you in the process. But we all know the odds of that are virtually zero because as I said before you're literally like a toddler holding their hands over their ears saying "la la la i can't hear you." Anything that challenges the way you think is scary to you, isn't it? You were sheltered as a child weren't you?
While your words evoke good intentions, having made millions of dollars trading shitcoins do not indicate any kind of intelligent activity in the brain of the subject. Try to separate making money gambling from intelligence.
All shitcoins follow Bitcoin price action due to it being the only real digital scarce money in the world, which inevitably brings volatility to it.
All the other shitcoins simply follow it's path when Bitcoin enters an epoch where demand exceeds supply (halvings do have a profound effect on that), and astute scammers convince people to buy other coins controlled just by a few.
Classical game play we've seen over years.
If you're enough degen to get yourself into this obvious ponzis, but do so before everyone else, you'll be making money. Making money is actually easy, the hard thing is keeping it, and the only thing that allows you to keep your money over time is bitcoin.
Be careful with what you believe is intelligence. Look for honesty, and even if rude (there's no problem in that, people can act however they feel it's your decision to allow it to bother you or not), this man who you are all trying to convert into a more sympathetic individual, is honest.
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