crypto market is no longer the same, what changed?

[Stalker22]

Memecoins back then? I think you got your ideas mixed up. Memecoins were only prominent in the last cycle.

The OP did not specify what time period he had in mind.  He said: "In previous years", he did not mention any specific cycle.  Yes, memecoins were prominent in the last cycle.  Before that there was an ICO frenzy with countless shitcoins.

[IceLincoln]

Plenty of shit projects on the rise, to scam and defraud people. People are learning their lesson, not to blindly invest in anyhow projects whose ambition is to scam people. Thank goodness we have Bitcoin, which has taught many of us to learn to trust and invest in it for profits in the future because if it is altcoins that we only have, we will continue to be on long thing in this space, to be investing in shitcoins

I don't think we have shit projects, they are not worthy to be called project because what's their in launching a meme coin with just a X username only, no website, nothing behind the coin and millions of dollars are invested on them, I know there is manipulation behind those numbers but gullible people buy them as investment which continues to give relevance to this people that continue to launch this coins, they know people will always come back to them.

I know we can't stop shitcoins but we can reduce their power by not giving them relevance they want. If they launched this coins and people don't buy them, they are going to get the message but I guess we can't tell people what they want to do and it make sense for them to stop complaining about the way the market treat them.

Inasmuch as we want to disregard them they are still called projects to get to those gullible masses who they deceived.
Yeah we’re the ones who give them the power to deceive and milk us. I’m just glad people have learnt their lessons and not much relevance is being given to them today.

[Dogedegen]

Memecoins back then? I think you got your ideas mixed up. Memecoins were only prominent in the last cycle.

The OP did not specify what time period he had in mind.  He said: "In previous years", he did not mention any specific cycle.  Yes, memecoins were prominent in the last cycle.  Before that there was an ICO frenzy with countless shitcoins.

It is also a bit mistake because I read it too strongly thinking more about past cycles and that got me confused wondering why you would say that memecoins were prominent in those cycles. Even though a few memecoins existed even in the earliest days, each prior cycle had its own shitcoin driving word. After ETH many came that were just selling smart contracts and basic things like that, and many people bought into those shitcoin as if having smart contracts was something special. In the most recent cycle it was memecoins, and they even had some potential but the greed of the creators got out of control. At some point there were creating thousands and thousands of memecoins per hour.

Inasmuch as we want to disregard them they are still called projects to get to those gullible masses who they deceived.
Yeah we’re the ones who give them the power to deceive and milk us. I’m just glad people have learnt their lessons and not much relevance is being given to them today.

Not even 1 out of 1000 shitcoin projects was genuine, many were just driving on the waves of popularity and selling whatever they can to take as much money as they can from the normal people. I am not sure that many have learned the lesson, because otherwise why would they put Bitcoin in the same group as shitcoins if they have learned the lesson? We will see with time..