Rug Pulls you

It was mainly a whale held coin

Yes because that effects bitcoin as well. Less people will bother investing in crypto (yes bitcoin too) altogether after they get rugged.

Fuck I'm only in crypto for yield farming stables, if it wasn't for that I would have fully quit after getting rugged on s0ilana.

The only legitimate coins are BTC and ETH, and the only legitimate tokens are the real ETH DeFi ones like AAVE and UNI. Almost everything else is a scam or ponzi.

you're a retard.

Do you unironically think people will bother investing in bitcoin after they got rugged by some alt coin. 99% just fully leave the casino.

bought the dip at 1.27 i'm fucked

Obvious scam. It came out of nowhere and had lots of obvious inorganic media and press attention. Everyone scrambling around trying to figure out which MM they used etc.

A coin doesn't pump like that without it being well known and widely shilled unless it's FAKE AS FUCK and the supply is all controlled. No on bought the bottom, it had no real holders, it was all fake and teleported straight to a high distribution range from which the team dumped their 100.00% of the supply on you.

Brilliant stuff.

Gamblers don't invest

No shit retard. Bitcoin takes NO damage when degen gamblers blow their wad on a shitcoin.

The whales put some of their gains into BTC and the ones who got rugged will do the same eventually.
It may be true that these scams ruin the overall trust in crypto, but that already got nuked to zero with FTX.
Rugs don't really damage BTC anymore ( BTC seems quite overvalued though).

Bitcoin takes NO damage when degen gamblers blow their wad on a shitcoin.

You are acting as if bitcoin investor's aren't one of the same.

Just look at r/bitcoin lol. Or bitcointers on twitter of bitcoiners here. Same level of greed just a lightly longer time horizon.

Bitcoin like the rest will go to zero or at the very least stagnate to nothingness.

Rugs don't really damage BTC anymore ( BTC seems quite overvalued though).

Yea it trades more like a nasdaq stock. But if the recession fears are true then the coin might be in a world of hurt if the nasdaq stagnates for 16 years.

Cryptocurrencies are trust funds that issues shares as tokens, but with no tangible assets aside from questionable amounts of liquidity used as collateral

bitcoins dead

bitcoins going to zero

shitcoin threads BREED these retards

Never said bitcoin is dead.
Just saying it will meet the fate of alts desu aka underperforming for life.
Never said when. I'm not time traveler.

Tell me though unironically, why buy bitcoin? 99% of bitcoiners sound like gamblers and cultists.

Wouldn't have bought just based on their logo

Just saw that and I'm quite surprised. Mantle was one of the best performing alts this cycle(1100%+ increase) and now this happens.

Because other than being supplanted by a competitor - which is extremely unlikely even if they offered a superior alternative considering BTC has already captured the zeitgeist for digital currency - then BTC is the future of money, it's that simple, it's an inevitability. The idea of Bitcoin is not a gamble, the gamble is that Bitcoin will win out over alternatives but as I explained above, it's not much of a gamble at the present time and that's why the market shows it.

Everything is becoming dematerialized and digital, money is following the same direction. We've already gone semi-digital without most people realizing, few people use cash anymore. Bitcoin (or a competitor) is going to replace fiat. If you have the foresight to see that money is going to be digital in the future without the imperfections of fiat or gold for example, then BTC is that obvious direction. Even the banks and governments are starting to realize it, companies like Blackrock keeps slurping too, it's becoming more and more adopted. I truly believe anyone who doesn't have any BTC in the future is going to regret it so much. Even if you disagree with crypto completely and you think its all a bunch of shit, just put a little of your money into it and hold it (in a cold wallet not a trading platform), you wont regret it.

So this the luna of this cycle? should i buy and jeet the scam pump?

Bitcoin (or a competitor) is going to replace fiat

Absolutely delusional. Go look up what makes fiat tick. Bitcoin is an awful replacement. Even monero is moot as such.

Fiat doesn't tick at all. It's a broken system.

only useful projects are AAVE and UNI

youre welcome

Could you also elaborate for the crowd why aave and uniswap? Specifically?

Uniswap and Chainlink have a significant and evolving partnership, particularly through the use of Chainlink Functions and Across Bridge.

effects

I think everyone's correct here in calling you what you are

I did say 'like', there is actually a fairly large number of tokens in the ETH world that I would consider legitimate. AAVE and UNI were just the first that came to mind (I personally consider LINK to be overvalued).

Bitcoin is running on borrowed time due to its halving schedule, if it remains the king of crypto it will bring the end of crypto when the first double spend attack occurs in a decade or two. The fall of BTC is a necessary step in cryptocurrency adoption, otherwise this is all just a temporary tech cult that will violently die off.

Just look at r/bitcoin lol.

Every bullrun brings in a fresh batch of get-rich-quick retards. Then the bear market flushes most of them out and creates a bit more battlehardened people who understand Bitcoins true value as a hedge against reckless fiscal and monetary policies enacted by most countries

Focus is shifting into trending narratives like DePINs, RWAs, and AI, no wonder Peaq is trending, as it combines all three.

It will come back, It's not over.

Nope. The last nft doge shit cycle and the following credit crunch killed craptos appeal to the masses. Its a joke, an integrated into the credit bubble. If it wasn't for blackcock and boomer suckers buttcorn would hover around 20kish, if it wasn't for the credit bubble it would hover around 1k

20 years
Trillions
Still no usecase for blockchain found

that's false, digital ownership in games for example is a usecase

The icon itself looks like a pump and dump. Wtf did you expect

blockchain not needed

First squidswap and now this. I'm financially ruined