How can you say all alts are shitcoins, I make a lot of money on altcoin than Bitcoin,
back in 2017 (and it is starting to happen again these days) you could buy a dead coin (literary dead because it had no chain anymore) and it got pumped at least 500% and you could make a ton of money from it. that didn't change the fact that it was a shitcoin.
I'd refer to it as a single-cycle-coin.
Gets created
Gets hyped
Creator makes a shitload of money and runs
No Current site
No development
No more explorer
Exchanges throw it out
Bagholders are REKT
Bitcoin and Ethereum will see new challengers. Everyone knows Bitcoin and Ethereum, but other cryptocurrencies that have real use cases and increased adoption will challenge the status quo. As crypto market caps continue to reach record highs, we’ll see investors jump ship from traditional VC funding to focus entirely on crypto funds.One blockchain won’t rule them He was also the first to suggest pooled Bitcoin mining, and the first to publicize the security risks that ultimately took down The DAO. He holds a degree in theoretical mathematics from Brown University.