It’s funny to me to see Bitcoin community hate so much on his making of a low-float meme on Solona. Nobody with any common sense puts their life savings in this and it’s obviously not “real money” with any considerable utility. Let the people have some fun. Buy a lottery ticket. Play the slots. Don’t be derogatory just because it’s not BTC.
Discussion
That’s what I try to say for two years 🙏👌😏
Even did a shitcoin, even will come with the community on nostr 😱😂🔥
Yeah, let people get fun 😁
Most people get wrecked on this BS while a few insiders profit massively.
I disagree, but would love to see your data for your claims. Like I said, nobody with any common sense is betting the farm on this. If they don’t understand how to use a low-float meme, they’re not going to understand and start DCAing into BTC. To claim “most” (>50%) people get wrecked from a blatantly insider-meme is quite the claim.
If the majority of supply is issued to insiders and they dump it, then most people would have to lose money. Granted I don't know the distribution but hearing supply is very centralised.
Thats not true at all. If 5 people buy at 100 million MC and the insiders are 5 people holding onto 80%. Each buyer could sell a portion when the next buyer comes in without selling 100%. The insiders may sell nothing until another set comes in. Or they may sell a portion little by little as new money comes in. If we’re speaking theoretical without data, that’s factually inaccurate.
It's not guaranteed the majority would lose money, but it's highly likely as most speculators get in late during peak hype. It's just how these things tend to work.