Did Anyone here saw the Coingecko Narrative Tweet for Q1 of 2024?

[pakhitheboss]

I do not understand why they forgot to say the reason which resulted in finding the new narrative. They forgot to add one line on their tweet that Bitcoin was why the market went into the green zone and created these new narratives. I would have loved it if they had explained that Bitcoin ETF caused a bull run due to which Bitcoin broke its previous ATH. I am only sharing the screenshot of this tweet and those who are into altcoins should take advantage and also understand that Bitcoin is and will be the reason for your gains from altcoins.



Such hypocrisy always pisses me off! Does it do the same to everyone around here who knows the potential of Bitcoin? If not then tell me the reason why and if yes you agree with me tell me why we cannot force them with collective efforts to disclose the reason behind the narrative.

[Lucie2333]

I understand your frustration. It can be annoying when headlines don't provide the full picture.
It's true that Bitcoin's recent performance has been impressive. The launch of a Bitcoin ETF could definitely be a contributing factor, but it's important to consider other influences like traditional market trends and investor confidence.

[mk4]

Don't stress yourself, it's just data about price performance. Not everything needs to be explained in-depth; and to add to it — it's Twitter, where most posts are shortform. Bitcoin is just an asset(albeit a great one); bitcoin is not some child that needs public defending all the time to perform well.

[dzungmobile]

Such hypocrisy always pisses me off! Does it do the same to everyone around here who knows the potential of Bitcoin? If not then tell me the reason why and if yes you agree with me tell me why we cannot force them with collective efforts to disclose the reason behind the narrative.

In short term, those altcoin categories and narratives outperform Bitcoin but in long term, Bitcoin outperforms those ones.

This market cycle looks to be different than previous ones because usually, we will see memecoins as a very last cryptocurrencies to be pumped, like nearly the end of market bull run. In this cycle, they pumped hard only after Bitcoin but I see it as a tool for market makers to attract newbies to this market. Newbies come mean new capital will appear in this market and after earning big from memecoins, they will rotate capital to other categories or lose what they earned easily.

Bitcoin, Layer 1 and Layer 2 will be my choices.

[Agbamoni]

There is nothing that can be done now since the post has been released. But sincerely speaking your absolutely right, Bitcoin has a strong influence on the market and that has made all other alternatives to Bitcoin excel. This tweet is definetly frustrating if you read it more often. The impact of the rise of Bitcoin and how it affected the cryptocurrency market should have had a clear explanation in this tweet.

I guess something can be done about it. Maybe we should reply to the tweet in a polite manner, we could just ask them a question like; Great news! for all crypto enthusiast but didn't Bitcoins rise after the approval of the ETF play a vital role in the success of the market?

[kryptqnick]

Well, technically, some altcoins occasionally grow by a lot without relying on Bitcoin in any way. Sometimes the market overall is not doing well, but some altcoins are. That can be observed by sorting the coins on a website like Coingecko by growth over 24 hours or over 7 days. People are not necessarily interested in the cause if they're after profits, you know. For example, if Memecoin grew by a lot more than Bitcoin, some might not care about the causes and focus on potential profits of whatever's growing for whichever reason.
That being said, considering that their list includes items with fairly modest growth (39%, 64%), I agree that it seems unfair that Bitcoin isn't on this list.

[dzungmobile]

That being said, considering that their list includes items with fairly modest growth (39%, 64%), I agree that it seems unfair that Bitcoin isn't on this list.

They need to include marketcap of each categories to give us better and more insightful overview. 

Pumping shitcoins with low caps is easier than pumping Bitcoin or Ethereum and because Bitcoin leads this market, the bull market initiated by Bitcoin, it must have a position in their narrative list.

I have one interesting point to say, they intentionally hid a fact that Bitcoin is only -3% from its 2024 all time high and 2021 all time high was broken out already.

What about altcoins?
They are far from their 2020, 2021 or 2022 all time highs. Take Ethereum as an example. It is still - 31% from its all time high.

You can customize filter on Coinmarketcap to see this hidden fact. 

[buwaytress]

Coingecko can say whatever they want, they can even say Bitcoin is bottom of the pile for all I care. Anyone who follows their cue and invests and wins/losses deserves exactly that. No one needs to do anything for us, we're not entitled to the "correct" view, that's on us to find out what suits us and is correct for us. I actually prefer people who're not really interested in Bitcoin to just keep spraying their wealth everywhere else.

Memecoins 1000% only? I'm actually shocked it's not at least ten times that

[BitMaxz]

They need to include marketcap of each categories to give us better and more insightful overview. 

Pumping shitcoins with low caps is easier than pumping Bitcoin or Ethereum and because Bitcoin leads this market, the bull market initiated by Bitcoin, it must have a position in their narrative list.

I have one interesting point to say, they intentionally hid a fact that Bitcoin is only -3% from its 2024 all time high and 2021 all time high was broken out already.

What about altcoins?
They are far from their 2020, 2021 or 2022 all time highs. Take Ethereum as an example. It is still - 31% from its all time high.

You can customize filter on Coinmarketcap to see this hidden fact. 

Agree that they cannot control these large caps. Major whales already rule these meme coins, and anytime they can manipulate the price because they know once whales take some action to pump shitcoins traders will also ride then later whales will dump traders who enter will out on the market this is how they made big bucks every time they pump and dump any shitcoin.

About altcoin, this is not the right time yet for them to be bullish altcoin season is the right time to see new ATH.

[cabron]

They are listing popular narratives, we all understand that BTC is given. Bitcoin is above all of them and whatever happens to regulation or anything regarding Bitcoin affects all.

The memecoin narrative is true though, it looks like everyone is into it already even Binance recently just called memecoin developers to create one memecoin for them and they are funding the project as well. This will add up to that narrative. RWA I think is too early for the narrative to flow, only Blackrock is pushing this.

[dzungmobile]

Agree that they cannot control these large caps.

They can control large caps, manipulate it, even Bitcoin, but it's harder for them and they can not pump large caps x100 or x1000 like small caps.

Major whales already rule these meme coins, and anytime they can manipulate the price because they know once whales take some action to pump shitcoins traders will also ride then later whales will dump traders who enter will out on the market this is how they made big bucks every time they pump and dump any shitcoin.

Newbies will be main components in the market for whales, market makers to do their distribution and very few newbies can be luck and smart enough to get rich by joining games set up and manipulated by whales.

Most of newbies will stuck in the games, can not find good entries and exits, then bad endings are popular for them, losses will come eventually even the market is bullish for several months.

[Zaguru12]

I do not understand why they forgot to say the reason which resulted in finding the new narrative. They forgot to add one line on their tweet that Bitcoin was why the market went into the green zone and created these new narratives. I would have loved it if they had explained that Bitcoin ETF caused a bull run due to which Bitcoin broke its previous ATH. I am only sharing the screenshot of this tweet and those who are into altcoins should take advantage and also understand that Bitcoin is and will be the reason for your gains from altcoins.

Such hypocrisy always pisses me off! Does it do the same to everyone around here who knows the potential of Bitcoin? If not then tell me the reason why and if yes you agree with me tell me why we cannot force them with collective efforts to disclose the reason behind the narrative.

I wouldn’t be pissed as a bitcoiner because you know bitcoin isn’t even supposed to be in same narrative as this, bitcoin is the head of the pack and it spare head the bull run, no need of conviction from any researcher.

Now to how that list was compiled, it is definitely based on the total return a category of coins makes over a time. We can’t deny the fact that the number which is memecoins has definitely been on the raise due to the number of airdrop tokens lunching and also some other tokens getting developed. The second which is RWA which has just flipped AI tokens to go second due to the recent increase of attention of entities into building of their own tokenized coins like blackrock and this has caused FOMO into the RWA sector. The AI tokens follows due to the increased use of AI tools over the past two years.

Now if you look at this categories you can simply see something In common which is volatility which comes with it. This volatility over a short period of time makes their price grow ridiculously high which is the reason for them having such a higher returns to rank them higher than the likes o fb bitcoin. To be honest I don’t see bitcoin going up In this kind of list because it’s volatility isn’t like this shit coins even though they say it’s volatile.

For Altcoins lovers who are looking to get rich quick then this is the narratives they need to look into. Bitcoin isn’t in their pack, it is an asset and not a get rich quick coin. So it is definitely ok that it is exempted from the list

[pakhitheboss]

mk4, dzungmobile, Zaguru12

I am pissed because the narrative was always Bitcoin and these altcoins are only capitalizing on the power of Bitcoin. We all have been lenient towards these mischievous mainstream media outlets and these two (CoinMarketCap (CMC) & CoinGecko) popular platforms that track cryptocurrency prices live. They have been always against Bitcoin and they have always kept their agenda of hiding the facts and degrading Bitcoin. A line if it was added to the tweet would have made the reason clear why these narratives are showing so many positive outcomes to their investors.

If they had written," Bitcoin bull run caused, Top 8 crypto narratives in 2024 by ROI" then it would have been the right thing. Whereas they neglected it feeling that everyone on X.com is aware of why the cryptocurrency market is doing so better than the stock market. Whereas a lot of not much intelligent users will now think that it is better to invest in these narratives rather than Bitcoin. This is what negative marketing looks like if we do a broader market research and it has been going on for more than a decade now.

[Rabbitqt]

I do not understand why they forgot to say the reason which resulted in finding the new narrative. They forgot to add one line on their tweet that Bitcoin was why the market went into the green zone and created these new narratives. I would have loved it if they had explained that Bitcoin ETF caused a bull run due to which Bitcoin broke its previous ATH. I am only sharing the screenshot of this tweet and those who are into altcoins should take advantage and also understand that Bitcoin is and will be the reason for your gains from altcoins.

https://www.talkimg.com/images/2024/04/04/V16Fa.jpeg

Such hypocrisy always pisses me off! Does it do the same to everyone around here who knows the potential of Bitcoin? If not then tell me the reason why and if yes you agree with me tell me why we cannot force them with collective efforts to disclose the reason behind the narrative.

I wouldn't say it was the ETF that caused the bull run. That was already programmed in regardless of the ETF... I would go so far as to say the ETF has slowed the current run.

The current price action across the board is nothing new for a crypto bull run.

[btc78]

I would have loved it if they had explained that Bitcoin ETF caused a bull run due to which Bitcoin broke its previous ATH.

Bitcoin ETF did not in fact cause the bull run. It is not the reason why bitcoin broke its ath. Maybe it did sped up the process but with or without Bitcoin ETF, bitcoin would have still gone on a bull run.

The market goes on a cycle and it was really this year that the bull run was expected to kick off. ETF just helped as a contributing factor but is not the main cause for bitcoin’s increase in value.

I am only sharing the screenshot of this tweet and those who are into altcoins should take advantage and also understand that Bitcoin is and will be the reason for your gains from altcoins.

I do agree that bitcoin is the most superior cryptocurrency as of the moment and the entire crypto market follows its movement but we can not discredit top-performing altcoins. Even if bitcoin was doing exceptionally well, a coin wouldn’t gain value if it didn’t have any utility in the first place.

[Reatim]

mk4, dzungmobile, Zaguru12

I am pissed because the narrative was always Bitcoin and these altcoins are only capitalizing on the power of Bitcoin. We all have been lenient towards these mischievous mainstream media outlets and these two (CoinMarketCap (CMC) & CoinGecko) popular platforms that track cryptocurrency prices live. They have been always against Bitcoin and they have always kept their agenda of hiding the facts and degrading Bitcoin. A line if it was added to the tweet would have made the reason clear why these narratives are showing so many positive outcomes to their investors.

If they had written," Bitcoin bull run caused, Top 8 crypto narratives in 2024 by ROI" then it would have been the right thing. Whereas they neglected it feeling that everyone on X.com is aware of why the cryptocurrency market is doing so better than the stock market. Whereas a lot of not much intelligent users will now think that it is better to invest in these narratives rather than Bitcoin. This is what negative marketing looks like if we do a broader market research and it has been going on for more than a decade now.

Among our community, no one would probably argue about the impact and importance of bitcoin.

Maybe the tweet was a little misleading. Maybe it was talking about profit returns for a specific amount or period of time only. We all know that even though bitcoin will not be giving you 10x your money in a short amount of time, it is the best investment you can make right now. Although of course patience is the key.

Only people who aren’t that familiar with bitcoin will think that it might not be performing that good. Which they of course should make a much deeper research about.

[mk4]

mk4, dzungmobile, Zaguru12

I am pissed because the narrative was always Bitcoin and these altcoins are only capitalizing on the power of Bitcoin. We all have been lenient towards these mischievous mainstream media outlets and these two (CoinMarketCap (CMC) & CoinGecko) popular platforms that track cryptocurrency prices live. They have been always against Bitcoin and they have always kept their agenda of hiding the facts and degrading Bitcoin. A line if it was added to the tweet would have made the reason clear why these narratives are showing so many positive outcomes to their investors.

If they had written," Bitcoin bull run caused, Top 8 crypto narratives in 2024 by ROI" then it would have been the right thing. Whereas they neglected it feeling that everyone on X.com is aware of why the cryptocurrency market is doing so better than the stock market. Whereas a lot of not much intelligent users will now think that it is better to invest in these narratives rather than Bitcoin. This is what negative marketing looks like if we do a broader market research and it has been going on for more than a decade now.

No one is neglecting your coin. I'm pretty sure anyone with half a brain knows that the entire industry pumps when bitcoin pumps.

And I don't even think we need to go as far as to say "They have been always against Bitcoin and they have always kept their agenda of hiding the facts and degrading Bitcoin." Because really, these are cryptocurrency listing sites. Their job is to literally report about the broader industry, not just Bitcoin.

[avikz]

I totally get that! But Coingecko is a website mostly used to check the price of altcoins. That's how they get majority of the views and traffic. So it's not surprise that they want to highlight their area of focus.

In reality, people knowns what's driving the market. Many will acknowledge the fact and some won't. Don't need to stress yourself on this simple thing really!