Remember the 2018 bull run? People were talking about bitcoin then, but not really that much. I only had one of my friends approach me during that time about crypto and such. This bull run has had A LOT more interest from people. Coinbase going public definitely has something to do with it for sure too, especially because of how much they are sending ads. Plus BTC has gone wayyyy above what it was at last time.
Whats hilarious is that people who are just recently getting into crypto are sending me recommendations :) I had Mina Protocol recommended to me by a friend, and some Doge clone on ETH and something called SafeMoon by my cousin. I thought of putting some $ into all of those, starting with Mina. I ended up not after looking into their documentation on how to run an node and ending up with sooooo many 404s. We've seen how Doge has gone, and I traded it a bit and sold it.
Finally I decided today to buy some of SafeMoon. Not much, just 19 million of it(its one of those insanely high count tokens, it's not much). I honestly don't care if it goes to 0, it just something that could be good and I bought it more because my cousin said so(him and his 4 days in crypto). Its funny because someone else bought the same coin from a recommendation from today as well.
Its actually nice to see more people getting into crypto, I hope more people are retained this time around than last time. There's been a lot more publicity of crypto recently(both good and bad) which should hopefully mean that more people join in.
One of my mom's friends bought Doge on Robinhood at the near ath which was both happy and saddening. Its nice that she bought coin, but she used quite possibly the worst place(you can't withdraw from Robinhood) and bought at the worst possible time.
A lot of people are going to get burned for sure, especially all the people buying alts which can be risky af. Sure they can moon, but it's more likely a lot of them will go to 0(or be abandoned by the creators). Its why I don't like to give recommendations if I get asked about what to buy. I don't want to be on the reason someone lost some money and ruin a relationship like that.
Overall this is good. More people are finding out and getting into crypto.
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For some reason tokens like this surely attracts a lot of more people which are purely pump and dump pulling from the minnows but can be a really great way to make fast cash if you're smart. now SafeMoon is a shitcoin indeed but its actually onto 500k holders now as they claim and they're working on some exchange or whatever. they're are now hundreds of exactly same tokens on BSC which is very cheap, with the same model. Even celebrities are in on the game! which leads me to think is all that chart and whitepaper reading and analysis really worth it lol. finding genuinely good projects to invest while dogo meme coin reaches 5th spot in the market with $40B cap. The MEMES! Love it! Makes it quite mainstream which is good and bad at the same time.
For sure. All for the memes. Somehow I'm up 60% on this shitcoin so I can't quite complain. I put in what I expect to become 0 eventually so anything other than it being 0 I see as a win.
Oh, you actually came back? You still embezzled a ton of tokens from me.
Did I leave? thanks for notifying. I'm quite active I would say.
Still stealing from projects?