Excellent analysis, I gasped with exasperation when dogecoin reached a billion dollars, even when the creator declares this is a joke and look how fucking stupid you would be to buy this dogshit, people still blew it up to $1b!
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Dude I know right! When I saw a guy in discord talking about buying dogecoin because it was about to go to .10 and I was telling people there is NO WAY dogecoin will even go to a penny... I guess I had too much faith in people, and sure enough a few days ago...what do I see, but freaking dogecoin, the OG shitcoin inside joke of the early days of bitcoin used on forums for tipping people with tangible internet points, worth over a billion freaking dollars.
Some of these investing telegram groups are full of these guys...its quite scary.
TRX is going to 7 Bucks!
LINDA coin to 3 bucks!
CARDANO to 20 Bucks
or My fav
VERGE to 20 Bucks.
It's actually scary to think these people are pushing thier cash so easily into these coins without thought or reason....then again i blame some YT guys (not CI) posting 10000% gains on my 1 million Pac coins type videos...
like they didnt post it....to hype it up...then dump.
The issue is how much money there is to be made in exponential returns from affiliate link hits like bitconnect and hashflare. It makes youtube channels start to look like a US presidential election with all the false promises and hype thrown around just to get people to "join the club" so to speak.