Shitcoins ate dying and the days of making it from them ending

[Anonymous No.58368907]

Ever since the flood gates opened to brown people.

It’s 2024 and we still have nee dog coins and just memes as the new wave of alts. All creativity has been lost.
In 2017 and before at least shitcoins tried to seem legit.
Then in 2020 we had food coins but they at least tried novel defi use cases.

Then in 21 it was dog coins and memes. Nothing has changed since. Just copy paste.
The flood gates were opened to indians and south east asians, who have absolutely no creativity and are dumb as rocks, so their scams havent even evolved. We are at the end game now where it cant move beyond dog coins and memes due to it and alts are going to be way less lucrative here on out.

[Anonymous No.58368942]

Ok listen you complete fucking idiot coper seether. Go to this TG: DOGHOLECOIN. You will observe one obvious thing. Everyone there is a biz bro and it’s literally the next Apu. DOGHOLE is your alpha. But guess what? You wont listen right now and you’ll seethe later.

[Anonymous No.58368967]

>>58368942
Everyone in there is either indian, south east asian, some kind of turk, or Eastern European at absolute best.

And yeah, i know im replying to a bot

[Anonymous No.58368985]

Cool! Or, that sucks!

I'm busy watching our chart...

[Anonymous No.58369019]

The alpha is DOGHOLE. It’s a commonly known fact on biz right now. Everyone thinks DOGHOLE is the next Apu because it’s all schizo biz tards in the T G. Go to the T G at dogholecoin

It’s funny cause there’s fud right now just like with Apu

[Anonymous No.58369047]

Also, part of why this happened is not just because the floodgates to investing was opened to browns via apps etc.

Its because centralised shit like sol and bnb came about, making it brainless to launch a token for literally pennies.

If you are capable of opening an email account you can now launch a token. In that environment combined with browns it becomes impossible to compete and make money on your scam you launch as absolute saturation is reached

[Anonymous No.58370133]

21 was completely retarded.
All the dogs were completely the same.
NFTs were even worse.
I refuse to believe anyone made any money on that.
0 liquidity.
At least now in 24 I can speculate on the uniqueness and popularity of the meme.
The fundamental meta change is that now everyone except linkies understand utility is worthless.
Or at best fairly valued in the 7/8 figures.
It will be interesting what happens next.
Meme coins will probably continue for the rest of the cycle.
In the next cycle maybe bitcoin will reach 10 trillion at 90% dominance.
Alts dead.
I believe there will always be opportunities though.
With living standards at all time low the get rich quick schemes are needed more than ever.
It is worrying if VCs monopolize the sector and there will be no way of being early unless connected.
See BOME, MEW, etc.
It is also interesting that very few coins try interesting tokenomics.
In 21 we had reflections, buy backs, deflation, inflation, rebase, etc.
Now there are no gimmicks.
Possibly because 90% didn't understand it, and 99% couldn't verify the code.
On Solana it is impossible to read the contract.
The developer may create the contract with reproducable builds and open source it but nobody does.
Easier to just use the default token type.
Crypto is based around narratives.
>This will make you rich because
Narratives have to be spread.
Alt coins will only fully die if it is not possible to spread narratives any more.
I don't use TikTok but I heard in 21 that was a source of liquidity.
But it was banned later the same year.

[Anonymous No.58370211]

>>58370133
There are no narratives without utility.
The only reason the dog trend started was Elon Musk using Doge coin as a currency. a PoW coin that was a currency coin, not just a token. Next jeets and browns jumped on that and just made clones for the sake of it obviously. Now they are still doing that. there is no narrative driving that anymore or meme coins either. Meme coins are just slow machines localized to Sol chain and Bnb, like many were on Binance chain last run but 99% of people did not participate because they couldn't be fucked to go on there and play the slot machines. There was no narrative for them like their isn't for meme coin casino now.

This is what i mean with the OP. once the browns got in and the bar of entry for launching tokens got too low...alt coins die. they become less lucrative. the returns shrink.

That has happened obviously and its why we still see memeshit and dog coins 3 years later. there are no real narratives going. The AI meme was not localised to crypto, and that barely made a wave in crypto anyway. There needs to be a strong new narrative like before.

[Anonymous No.58370453]

>>58370211
Say you sell an AI coin based on the narrative that blockchain is the next step of AI.
People will try to value it, even if in a retarded way.
>If we reach just 10% of OpenAI the coin will be worth 8 billion.
The best thing that could happen is that you never release the product.
The coin might even reach 8 billion on hype alone.
If you release the product people will realize it's worthless and dump it to 0.
Say however you sell a meme coin and pump it to 8 billion.
There is no product to release.
The pump can continue higher.
The market now understands this.
Even AI utility projects know better than to release anything.
This makes them basically the same as meme coins.
Meme coins though like their name implies are spreadable.
This makes them more bullish.
I agree that third world shit coin factories are a problem.
But this is a seperate problem.
Third worlders have ruined the internet in general.
For alt coins to continue we will need a civilized medium of communication to pump and dump each other.
It's not an issue unique to crypto.
The lack of decentralized communities for all things haunts me every day.

[Anonymous No.58370463]

all you need to do is buy $apu and hold it

[Anonymous No.58370521]

>>58370463
This cycle yes.
But what to do next cycle.

[Anonymous No.58371337]

>>58370453
That works with meme coins obviously, but not when there is a third world factory shitting them out like sending a message on biz. the barrier of entry got too low.
The only way to make money on them is with a GAMBLING strategy now. not an investment one. Additionally, its past the point where a good gambling strategy even works because there are TOO MANY being shat out by poojeets and south east asians.

If you put $100 in 100 last run, you could expect to break even at least, and one might make profit.
now you have to do that with 1000+ to get that break even. It's been utterly saturated. the meme dynamic is broken because it has been saturated by third worlders and low entry barriers.

there is no point playing. THAT is why i said there is no narrative without utility. because the end game is what i just described otherwise and its already happened.

[Anonymous No.58372108]

>>58368907
why do rich people like eating fish shit and nutsacks?

[Anonymous No.58372142]

>>58368907
we're all dying OP, it's about how you live and how far you get!

[Anonymous No.58372144]

>>58371337
So what do you suggest going from here on after? Just become a BTC maxi? It's clear crypto is here to stay now but 99% of the space are scams in 1 form or another.