Quote from: Wind_FURY on July 12, 2025, 02:40:58 PM

Quote from: BenCodie on July 11, 2025, 12:29:28 PM

Quote from: Wind_FURY on July 11, 2025, 10:05:41 AM

Quote from: BenCodie on July 10, 2025, 11:48:33 AM

All of these are funding mechanisms, and just like the real world, you either make a smart investment or an uninformed one. Many people made uninformed investments in the crypto world. It wasn't the mechanisms, it was the projects and the people who fueled the scams and failures. It doesn't matter what's next...everything will continue to be the same until people are smarter and projects are better planned, have a product, and serve a genuine need/use case.

I believe that the people who are currently making uninformed investment decisions/gambling on shitcoins today probably think that they could get lucky like the shitcoin gamblers during the last bull cycle, and the bull cycle during 2016 and 2017. BUT the market has changed and people have gotten smarter. That's probably why there will not be an "Altcoin Season" where they know they'll lose their money. They will simply HODL Bitcoin.

I agree. I think that shitcoins now = memecoins. I suppose it's not a bad thing, as now memecoins have separated good projects with real products from what should be considered as just an idea/meme. Anything without a product should be considered a memecoin. People are getting smarter and I hope that eventually they will be able to distinguish a project with a real product/technology from a meme/idea easily.

Plus at least the memecoins during those market cycles before the existence of Ethereum and other networks like it actually had Proof Of Work that supported them. Dogecoin may be a memecoin but there's an army of miners that secure the network. The hashing power spent to mine the coin makes the coin have a "likeness" of value, although it's still a shitcoin. The shitcoins today = mere "printed" tokens that absolutely have no value.

That's a great point too. I cryptocurrencies deserve a classing system better than just "altcoin", "shitcoin", and "memecoin". There's not really an official or unofficial grading system other than these terms and vague terms like "utility token" that help to differentiate one cryptocurrency or token from another in terms of quality, which is a problem.