...how is it not going to suck money out of shitcoins?
If BTC is sucking the money out of FIAT
Jackson Nguyen
Christian Sullivan
because shitcoins suck the money out of btc
Lucas Cox
>..how is it not going to suck money out of shitcoins?
check charts?
shitcoins -75% from aug pump
Aaron Morris
LOL, the whales are sucking out every dime off you PLEBBSSSS
Nolan Green
>...how is it not going to suck money out of shitcoins?
lol, go on Binance, set the M (monthly chart) and scroll all BTC pairs (the ones older than a few months)
binance.com
have a laugh
buy BTC
Ethan Nelson
History doesn't back your claims. Mostly you are being scammed. A select new shitcoins do shoot up the charts and do 10X or 100X but then they have no buyers and stagnate and dump. BTC keeps going up.
June 2017
> coinmarketcap.com
June 2018
> coinmarketcap.com
June 2019
> coinmarketcap.com
It was rhetorical for retards and they continue to fail the IQ test.
Blake James
COMPRENDE
Easton Cook
shitcoiners are dumber than fiaters in that shitcoiners will choose to keep their money on shitcoins that will implode in the next market correction.
Isaiah James
Look at the dominance chart, it's downward trending. Also, Ethereum is flipping Bitcoin this time, it got close in 2017 but it will by 2022. Can't wait to see all the Maxi's seething.
Jose Gray
>Ethereum is flipping Bitcoin this time
imagine believing this
Angel Reed
>imagene unironically thinking that eth wont dump when btc does
Austin Diaz
In June 2017 BTC dominance 37%, ETH dominance 33%, XRP dominane 11%. Today dominance 65%, ETH 11%, XRP 3%. BTC dominance of top 10 and top 25 has only increased every year and is only getting greater not declining. The thousands of shitcoins with fluff marketcaps that don't have liquidity is just that fluff. If you count the shitcoin fluff as marketcap, ETH dominance is not just in a downward trend, it's falling off a cliff.
Matthew Wood
We are in the 2nd inning of this crypto bullmarket, there will be a defi mania hype that will make Summer 2020 look like a miniscule blip on the radar. You seriously think a coin that has zero innovation behind it will suck up all blue chip defi tokens in this run? cmon humans are greedy creatures.
Zachary Nguyen
buying bitcoin today is a very risky bet. It's its last pump ever - exit pump for whales. It's dying on all fronts. Even during a pump almost nobody is using it. If you don't sell on it it's over, it's only going to dump after, whatever price it hits before.
Look at that picture. In two years bitcoin is going to be where litecoin is now. A dead coin, still in top10 but possibly even in the third place. Recently even individual dapps on ethereum had higher fees - what a joke bitcoin has become.
I'm going to be earning millions per year staking eth for decades. You are going to lose almost everything holding btc. Fine by me. Enjoy your dumps from chinese miners.
Michael Butler
BTC adoption is still growing. It's already starting to be used to avoid the international banking system. It's just a matter of time before one major currency or another collapses and everyone floods into bitcoin to ride it out.
Brayden Watson
It really makes me wonder if Btc maxis are still living in 2016 where altcoins today are the equivalent to dogecoin, novacoin, namecoin etc. I mean look at that dude Pompliano, he has no idea what is really going on desu.
David Harris
EVERY shitcoin is still better than fiat
Matthew Gonzalez
Unironically true
Brayden Moore
>exit pump for whales. It's dying on all fronts.
what a fucking stupid cunt, just look at Nasdaq companies, even the fucking Iran central bank is buying BTC
Gavin Morgan
DeFi right now is a meme ponzi scheme that incentivizes rewards through shitcoin tokens and people falling for this and trading back and forth. These shitcoin tokens that you are pointing are here today and will be gone tomorrow, not much different than the 2017/2018 ICOs. Now if you pointed me to a compelling use case solving real world problems, then there could at least be a discussion. But literally pointing me to Sushiswap, etc while multibillion dollar tech companies like Square, Microstrategy, instuitions, banks, hedgefund billionaires, hell even the first state actors (Iran) are acquiring Bitcoin and just storing them as a hedge diversifier asset proving your argument to be the typical low IQ of a shitcoiner.
Brandon Gomez
All flavors of maximalist are retarded. BTC is digital gold and it's here to stay but a decentralized financial system needs more than just gold and I don't think ETH, LINK, UNI, AAVE, XMR, etc are going anywhere either. They all have a role to play, and we'll probably see more projects that rise to fill a niche in the upcoming bull run.
Jackson Nelson
youtube.com
We are going to make it...its starting
Nicholas Edwards
the dumber ones don't, smarter ones are creating a narrative to create one last bubble to exit.
>just look at Nasdaq companies
what you pointed is an example of using other people's money to pump bags.
Microstrategy's ceo first bought bitcoin with his own funds, then used his position to use company's funds to buy btc higher.
Jack Dorsey did the same with Square, but it was for a funny $50M as that was probably the most he was able to scam the company for.
In both cases all they were doing is pumping their own bags, scamming other shareholders.
Remember bitcoin doesn't generate any profit. To make a profit you must scam someone else while selling. They don't care where that money comes from, companies they control (but don't fully own) or random scammed people.
>even the fucking Iran central bank is buying BTC
no it's not did you even understand that news? It was about iran forcing miners to sell to the central banks at below market prices. Then they're selling that at market prices. That's a tax.
bitcoin is a ponzi scheme, while defi isn't, it's just normal borrowing and lending.
A ponzi scheme has the property that any profits come at the expense of others 'investors'. Details after that are irrelevant and vary.
Julian Gomez
>bitcoin is a ponzi scheme
Jacob Smith
Chainlink is out performing btc. There is no hiding that. Buy link if you want to make it. Its that easy
Lucas Price
Buttcoin is sucking shit. It only pumps when there is infinite Tether printing, whales are accumulating your precious shitcoin with money printed out of thin air when Tether inevitably implodes on itself and there's no more inflated demand and potential for growth they will dump it all on you, retard.
Xavier Torres
Ian Brown
Buttcoin = stocks
Tehter = fed
prove me wrong
you literally can't
Robert Walker
unironically BadgerDAO
Leo Garcia
I think the reverse is true, tether completely replaced bitcoin as a way to store value in crypto, later tether lost some domination to usdc and a bit to dai.
Before 2018 it used to be that profits on altcoins were sold into btc, now they're sold into stablecoins. Tether supply increasing is a sign that people are cashing out, which makes sense if prices are going up - people in crypto are more likely to sell into stablecoins. Price goes up from external demand.
At the end of a run you have past holders that sold high and have stablecoins, and new bagholders that bought high.
Robert Gomez
Correct however the funniest shit is that bitcoin has lower inflation than tether so faggots in stablecoins have put themselves into a corner.