i know this is stating the obvious but im looking at charts of altcoins and they all look unfathomably ruined

especially if you look at some of the older tokens

if you were a holder of any altcoin (outside of a very small few) you have been ruined this cycle

crypto participants as a collective have agreed that alts are worthless and purely exist to sell at a profit to the next idiot

the believer culture that led alts to sky high valuations in 2021 has been obliterated, this is detrimental and something which cant really be reversed

each time someone on CT mentions this (something about taking profits early or that majority of coins go to 0) this trend accelerates, there are less believers and it becomes more common knowledge. It’s a self fulfilling cycle.

the only way i see this changing is a huge injection of liquidity from somewhere and then people for some reason choosing to gamble on crypto besides the various other methods like prediction markets, 0dte options, meme stocks etc. even then with the huge amount of coins retail would likely pivot to coins they are familiar with (dino coins)

i still think crypto is the place to be if you are a trader, but as a holder it has been extremely unforgiving