These two shitcoins came along and turned crypto into a gambling ponzi mess instead of a way to invest in new tech (read: invest, not gamble for an overnight 100x).
All of the retail money flowed into SHIB/DOGE and new dogcoins on the BSC and layer other Layer 1 ponzichains. Once people realised there was a market for ponzis and idiots were buying them in the hope of hitting the "next shib" we saw a natural evolution in the tokenomics in these shitcoins. Grifters and scammers used influencers on twitter and youtube to shill their ponzis which siphoned even more money away from actual projects and into schemes that would last a month at best. Sure, there was money to be made if you were early, but it was a negative sum game as the devs and influencers ran off with your cash.
The end result is the normie populace seeing crypto and NFTs as a giant ponzi scam, which in 90% of cases it is. The greater fools have been fooled too many times and are no longer going to buy your bags. It's over.
Crypto was always a ponzi, newfags don't remember scam ICOs from 2017 and memecoins from 2014. Doge is older than ethereum.
Ian Gutierrez
Doge is a cryptocurrency. Shiba is an erc20 pajeet shit-token. The only thing they have in common is the reddit dog meme
Bentley Carter
At least in 2014 and 2017 you had to put effort into making your ICO ponzi. Today with uniswap and pancakeswap you can literally copy and paste an existing shitcoin and deploy it in the same hour. This massively increases the supply of tokens and is the reason why we have had rounded tops instead of blowoff tops this cycle.
Xavier Flores
Do some research and stop being a faggot.
Lucas Rivera
>This massively increases the supply of tokens and is the reason why we have had rounded tops instead of blowoff tops this cycle. You have no idea what you're talking about.
Gavin Myers
Yep. Elon Musk knows exactly what he is doing. He is a pawn of powers far richer and greater than himself.
Thomas Bennett
>T. 2018 newfag shib holder
Joshua Flores
Holy fuck the butthurt in this post actually convinced me to buy doge. It is literally the poorfag’s Bitcoin, and it is going to $1. Thanks OP just bought 100k
Isaac Perez
no retard Elon Musk knows how to make money - by getting retards like the general public (You) to buy a dog coin
Jonathan Taylor
sounds like somebody is upset that their coin with "great fundamentals" got out performed by some memes.
Blake Rodriguez
>by getting retards like the general public (You) I've never bought any doge or shib, faggot. Yes, he makes money, so what? He also causes crypto to die quickly. He pumped and dumped BTC earlier in the cycle to fuck up the natural rythm and then he shilled Doge and Shib to take liquidity away from the actually decent projects.
he never shilled shib, and after reveling he held zero crypto he essential proved he is an idiot that doesn't know what hes talking about. Or a con man that dumped doge coin on retail buyers.
Asher Nguyen
>he never shilled shib Not directly but he fed into all the hype by legitimizing it with the direct comparisons to Doge. Essentially playing into the 'Doge vs Shiba' narrative. Shib doesn't exist without doge and that doesn't pump anywhere near as hard without Elon Musk shilling it like he did.
Aaron Jenkins
DEXs killed crypto. SHIB wouldn't even have gotten big if it weren't for AMMs.
Ethan Kelly
what are the long term viable projects? what was btc worth before ponzi entered the market?
Carson Brown
ITT: whinging seething cunts who could of bought shib in January, but refused to.
