0 sats \ 0 replies \ @nichro 8 May \ on: On Memecoins bitcoin
I went and watched a certain youtuber for shits and giggles recently, the kind that focuses on crypto news and analysis, first time in many many years. Was surprised they were still active and kicking.
Kind of hits different when you're out of the shitcoin swamp.
They just go on analyzing different coins and giving an update on the trends, as if there was anything to be analysed at all. It's the same as it's always been in 99% of the cases: Bitcoin goes up, altcoins follow. Bitcoin goes down, altcoins creater. There's nothing to be analysed but they deliver their report regardless of the fact that it's even less accurate than weather reports, by a lot. It's a myth just like the myth of "keeping your crypto asset diversified to mitigate risk" by having a "portfolio" with a hundred different shitcoins.
In the analysis, there's always the subtext of "Could go up, could go down, could go sideways, we'll have to see".