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/biz/ - Business & Finance

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25942648 No.25942648 [Reply] [Original]

Top 40 shitcoins, most of them with extremely low usage and just telegram bagholders, are unicorns with over $1b in market caps

Are they valued properly or are we witnessing the same bullshit of 2018 with Bitcoin and the alt scene at peak euphoria?

>> No.25942693
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25942693

>>25942648
>thinking 1bi marketcap is a lot

there are single hedge funds that manage 3-5x the entire marketcap of crypto fren

>> No.25942747

>>25942693

The fuck ? Bro, unicorn tech companies get to that unicorn market cap by serving millions of users.

Here we are talking about abandoned shitcoins with very low real usage. Nothing but telegram bagholders

How can you even fucking compare them ? haha

>> No.25942766

adrenaline junkie here, which one should I buy ?

>> No.25942767

>>25942648
These market caps are fake including bitcoin as 3 million coins are lost. 1500

>> No.25942823

>>25942648
>polka
>aave

You’re a special type of retard aren’t you

>> No.25942845

>>25942747

True, fren. I remember when Cardano’s whitepaper was worth more than SpaceX and Dropbox in 2018 rofl

It was hilarious. The same with these shitcoins. Overinflated

>> No.25942890

>>25942766
nano. it keeps crabbing.

>> No.25942966

Robinhood - 13M users = $11 Billion valuation
Bitcoin Cash - a few hundred telegram bagholders = $9 Billion valuation

If you don't see what's wrong with this, you're fucked

>> No.25943002

>>25942966

And I can give you tens of examples like this one with tech companies that serve millions of users being worth less than some of these abandoned shitcoins.

>> No.25943089
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25943089

>>25942966
yea im thinking its a good time to get out of shitcoins

>> No.25943107

Discord - 300 Million users - $7 Billion market cap
Litecoin - Abandoned shitcoin maybe thousands of active ones - $9.7 Billion market cap

>> No.25943160

>>25942648
Especially Chainlink, personally I think Chainlink will fizzle out within the next few years. The new speculative money isn't going to wait (forever) for this project to do something. It's not profitable and never will be. It is crypto so you're always going to have a base of investors (this is why a lot of projects don't eventually go to zero) that literally cannot sell because it would mean them giving up on a lifelong dream. But the run up never made any sense to begin with and people should be ashamed that they bought during the run, when you have no fundamentals and the company is not profitable, it's tragic when you see this sort of thing knowing that it can't sustain.

What's left is the delusional schizo money and new wave of link speculators, at a market cap that is ABSURD - not a good combination.

>> No.25943296

>>25943107
Litecoin once had a marketcap double that at $18 billion back in 2017. I guess people expect to make more money in the future with something like LTC than Discord which isn't so volatile.