There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.
We can see lot of those in new projects here especially new shit coins out there without any real use-case world project and just bunch theories. They will end up scamming others money.
All the naysaying and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.
There are always something about those people. They think that every major event happens could make Bitcoin in this case will going to dead but what we get here? Bitcoin is not dead considering how many times they speculate Bitcoin will be dead in every speculations media you can find in the internet. Reading what they speculate is interesting though but thinking Bitcoin is dead? Meh