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Just spitballing here, haven’t fully thought this through.

But what if the bubble this time isn’t BTC Treasury Companies, but rather, Shitcoin Treasury Companies..

People trying to outperform BTC might be attracted to them starting from a lower base, thinking they can get outsized gains. So the Robinhood gambling-type leverage goes there.

These entities aren’t holding BTC though, so when they run into problems they don’t have #Bitcoin to dump and flood the market with; just their illiquid shitcoins.

Is it possible for Crypto to implode and Bitcoin to continue on unaffected? 🤔

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Discussion

BTC_P2P 4mo ago

That seems possible. All shitcoins depend on Bitcoin but Bitcoin doesn’t have any dependencies on shitcoins.

I still think there will be bull and bear markets in Bitcoin but I also personally believe four year cycle patterns will not continue into the future.

Bitcoin feels poised to pump for years. The conditions now are too perfect. There will be an extended sell off at some point but may not be for 2 or 3 years and after substantial sustained spot price appreciation. Just my 2 sats.

HoylesPattern 4mo ago

The short answer is YES - definitely YES. Except for a few spinoffs from Bitcoin (BCH, DASH and I think LTC) most other cryptos are a business product designed to make money for their creators. I have yet to see another crypto that has the attributes of BTC, serving a use other than money, eg. AI, tokenised assets, etc. XRP may be an exception as it stands to replace or form the backbone of systems like SWIFT (for money transfers).

StackSats.IO 4mo ago

You think XRP which has a company, and a CEO who just constantly dumps tokens on the market to extract wealth from his moron userbase, is different? 🤣

HoylesPattern 4mo ago

XRP is being evaluated in. A purely commercial sense. Like stock. Also note the operative word was ‘may’

MrTea 4mo ago

I may win the lottery today