Read on Twitter
Last night I watched a famous #Crypto YouTuber (345K followers) announcing a new #altcoin season is nearing and had a sudden realization that the next bull run will be no different from the last one, and the lessons we should have learned since might actually be pointless.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
I used to follow him every day in 2017, along with @CarterThomas who, btw, is of another league.
One day, during one of his events I went to, I realized that his take on crypto was faulty of superficial analysis instead of an in-depth understanding of cryptocurrency projects.
One day, during one of his events I went to, I realized that his take on crypto was faulty of superficial analysis instead of an in-depth understanding of cryptocurrency projects.
Last night, it was the first time in months that I had watched one of his episodes, and I thought that 3 years on, I was again hearing of unknown useless projects being shilled, along with the exact same reasoning and words.
#43 coin, for example, should be on the radar because it enables the creation of money markets and users can earn interest on deposits or borrow assets…Really? How is this new?
Or #99 that promotes as cloud decentralization economy (what does that even mean!) but has a CEO, a co-founder, a CTO, and perfectly works as a proper centralized company driven by a defined leadership.
At the time of writing this thread, the market is looking pretty much in the red while most of the coins this genuinely nice guy was shilling are actually pumping. It does not surprise me since it does only take 20 thousand viewers to pump a small cap coin.
I strongly believe that only #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> has a use case currently but I will also keep an open mind on other projects, and I have met brilliant people that work on $VET, $ICX, $REP, and others. Even though I might not share their vision, I still respect them.
However, putting money on empty, spineless, nonsense projects because we hear them on YouTube TV is all going back to 2017 again.
I made that mistake back then and I am concerned that with the next bull run at the door, crypto newcomers will just have the same appetite for get-rich-quick small-cap coins that many of us had 3 yrs ago. Can we prevent this from happening? And, most importantly, should we?
