So much garbage out there that is still incredibly overpriced. Previous 2 cycles I was lucky enough to catch OMG at the top, shorting it all the way back down. People will claim the shorters are the scum, but the real scum are the creators of these shitcoins. Shorting trump coin for example. Another one that everyone knows is a total meme is doge, how many are issued every day ? None of the fundamentals
Stack up, so much hype money fomo-ed into all of these new scams (layer2, nft, colored coins,the list goes on), zcash lol the non private private coin which still has the zooko fee on every transaction. I expect to be screamed down, the tech, web3, all the reasons just keep repeating cycle after cycle. Just providing exit liquidity to the people who got in before the public sales … Even eth has been censored (see eth classic) and is totally centralised (never minding Vitalik premining 70%). take a step back, look at previous cycles, they all go to 0. Good luck out there, don’t be the bag holders or the exit liquidity.