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May 15, 2020, 05:28:36 AM |
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A lot of people on r/cryptocurrency seem to think it will play out exactly that same, and all their shit coins will get pumped to the moon so they can cash out, I would say that has precisely 0 chance of happening.
What could happen:
1) A whole new bunch of shit coins get pumped, which will enrage the r/crypto crowd, because they just want a chance to dump their bags, or, 2) People have learnt their lesson in pumping vague whitepapers with no code run by people who couldn't code their way out of a wet paper bag, and bitcoin will continue to increase its dominance, along side a few other coins which may actually have some value.
Honestly in a sane world it would be option 2, but starry eyed idiots gotta idiot, so I imagine so a few useless projects will get pumped into the billions, some scammers will get rich, and r/crypto will get a whole new bunch of people just waiting for their useless coin to fullfil its potential....."but its based on a directed acyclic graph man....bitcoin is like yahoo to [insert shitcoin here]'s facebook", and "[insert shit coin] can do 400 trillions transactions per second man, just as soon as somebody actually uses it, oh and somebody actually writes all the code, its all their in the whitepaper man, did you even read it?"
The biggest question this time round is if I should try and front run their stupidity, write a script to see which bullshit starts getting the most traction with the idiot crowd, buy early and sell early and earn a few more bitcoin. I won't though, predicting stupid will happen is easy, predicting exactly what way stupid will go stupid is far more difficult.
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