High-leverage $BTC long positions are being liquidated again. https://t.co/Mo2B8jgXOG
High-leverage $BTC long positions are being liquidated again. https://t.co/Mo2B8jgXOG
Completely disagree. They’ve put out research for years. This one caught on, and there’s nothing wrong with making the most of the attention or offering an incentive. What’s the actual contention here? That they fabricated the analysis and orchestrated a coordinated attack, on Strategy of all companies, just to push an STRC sign-up code? Nobody promised them this kind of traction. They called their shot in the analysis weeks ago and it landed. The people crying foul are just overexposed to STRD.
Altcoins get sold as “projects” but they’re really just companies. And the token is supposed to be your stake in one.
The only problem is that a token isn’t equity. You have no ownership and no claim on anything. So you get the risk of a company without owning a piece of it.
But the real misstep was trying to compete with Bitcoin. That never made sense. These are companies and Bitcoin is money. You don’t compete with the monetary layer, you denominate in it. All they did was confuse the market,l by lumping Bitcoin in with thousands of tokens going to zero.
Once stocks and assets are tokenized, you can hold the real thing on-chain. The altcoin becomes a worse version of something that now exists.
Once this view becomes mainstream, these companies go to zero against Bitcoin.
That’s how they die.