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What happened to LUNA will happen with other shitcoins. It’s not if but when. There are no exceptions.

@excellion If we factor in all those Bitcoins sold for shitcoins with 0 value, then Bitcoin’s value must be much much smaller.

Imagine a currency called the Slobovian Dollar. The only things most people buy/sell the Slobovian Dollar for is other currencies like the Elbonian Pesos, and Kneebonian zlotys.

What would you part with for one Slobovian Dollar? Would you part with one troy ounce of gold for one Slobovian Dollar?

Currently Bitcoin is rarely used to buy burgers. Most often it is used to buy shitcoins.

@excellion for sure, but not so dramatic more often than not.

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