>>60502690 (OP)
Why do you look at 2017 coins? Look at theVC backed projects that launched 2022 or later. Many of these did not start in the billions, but did a 100x, some even 1000x. Virtuals, Kaspa, now Keeta, even Solana did a 25x this bullrun, several big memecoins like Peanut, Turbo and SPX6900 bringing unimaginable gains.
>>60502815
Right? They just ignore Fartcoin. For some reason that doesn't count.
During 2017 alt season the biggest runners were new projects and ICOs. Same in other cycles. The new and shiny projects get the most VC and insider money. You can't just expect 2017 coins to moon over and over again.
Just like in stock markets, you make the biggest gains off IPOs and new tickers, exciting startups. That's where new money enters the markets
Saturated market, overpromised/underdelivered, tired narrative, memecoins took mindshare.
Blame founders/VCs who optimized for retail extraction over actually building anything good or with longevity.
>>60502690 (OP)
Normies got bored of cartoons and dog coins. Smart money’s rotating into stuff with actual utility. Check xMoney, real-world payments, crypto cashback, tied into Apple Pay & Binance Pay.
>>60503849
This.
That's why only ultramemes like fartcoin are the only ones moving. The OG's money isn't cycling out of bitcoin pops and then bolstering an altcoin eruption, but rather cycling back into bitcoin itself. Even crypto whales don't believe in alts anymore and the alts aren't offering anything better than the Nasdaq does.
>>60502690 (OP)
Whales rugged the entire space. They will crash bitcoin last to extract every last penny they can get before WW3. Gold has obviously won at this point.
The question for every altcoin holder is: are you actively adding to your bag or did you stop accumulating a long time ago? I think the answer will make it obvious why alts are cooked. Holders just want to unload as it is clear that they missed many opportunities while holding.
>>60504485
the opportunity cost is what really hurts. Sure I might manage to break even if we have another run up similar to last November. But going all in on alts in january has effectively ruined any chance I ever had of making it this time round. Even though avoiding that outcome was my main objective I still got left carrying -65% bags
>>60502953
Yeah, it used to change that word to "onions". Which was a hell of a lot of fun (not) on /ck/ when people were actually trying to discuss food.
Actually it still might in some variations, maybe if it's bare. Let's see: onions
