/biz/ - Business & Finance

People are spending BTC (and LTC and ETH) on shitcoins
shitcoins are relatively constrained and held by a small number of people.
so large numbers of BTC owners are chasing a small number of shitcoins.
So the price rises dramatically as people chase those shitcoins.
All the while big holders of shitcoins sit on the sidelines holding.
Look at the volumes anon and compare them to the total market caps.
Notice how only a few coins like BTC LTC ETH and a few others actually move large portions of total market cap
while most shitcoins don't.
It is all a fantasy.
As soon as a big holder tries to realize gains from those low volume high priced shit coins the price will tank.
The big holders are playing chicken right now watching the price rise trying to maximize gains by waiting until it can get as high as it can go before dumping them.

>$1
0.00005789 BTC (8.58%)
It already gained all its sats though
It is just following BTC now
I am never going to get a real shitcoin moon am I