Home Altcoins News Why SHIB or DOGE offer Hope Than Bitcoin (BTC)?

Why SHIB or DOGE offer Hope Than Bitcoin (BTC)?

Why SHIB or DOGE offer Hope Than Bitcoin (BTC)

Pointing to a menu in a restaurant that reads, “Ask your server for current market pricing.” At a restaurant where cryptocurrency is accepted for the menu it states, “The inflation is ‘transitory’ and the inflation rate is a little too fast. There may be a problem when hen restaurants can’t print the prices on their menus because they’re fluctuating too fast. When are grocery stores going to follow suit?

In crypto, why have meme and joke coins performed better than “serious” coins? And what does that say about the big picture dynamics of what is happening right now? Because it was never meant to be a market. It was meant to serve the people, for the people, by the people. Those who have turned coins into markets vs the communities that explode their coin out of love for the crypto is why crypto was here in the first place, not to make fiat.

Simple, many missed out the massive 10 year BTC run in terms of %. Now people want to make “quick” money Serious coins take time to grow in price/project. Shiz projects, take short time and have fast growth. High risk/high reward People don’t have “time2, so they risk it.

Only those coins have performed good who are really doing something and they do better than most old coins, because they are trying to.

It’s hard to say no to what seems like a guaranteed “get rich easy off meme coins” promise. Little do people know, for every one person that gets rich off meme coins. 1000 others lose their money.

This demonstrates a couple of things: 1) Con: The average retail investor has no clue how to calculate value and just reads a prediction somewhere and wants to get rich quick 2) Pro: The retail investor underestimates its power to move the market (as a whole).

People are flat out broke. They’re struggling. Buying a home or paying back student loans in a timely manner is a pipe dream for a lot of young people these days. A return of 20% isn’t going to be enough for them. Things like SHIB or DOGE offer hope. Sad but true.

Number bias plays a big role. People think they have bigger upside by buying cheap Shit coins, rather than bigger MC blue chips. Also, many new investors feel they missed the boat with BTC, so they are speculating on new coins.

I hope these investors come to their senses.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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