It's disappointing the market didn't purge itself of more shitcoins in this past downturn. So far it's only Bitconnect and that was as blatant a scam as is possible. Drawdown of TRX, BTG, EMC2, XVG is ~80%. Rationality of public markets has, if at all, only marginally improved.
This is one of the reasons why I think the bear market isn’t over yet
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To play my own devil's advocate: is it really necessary these go to 0? Eg, if the non-vapor coins significantly gain in market cap and a TRX (or similar) stays the same, the latter will become irrelevant, despite non-zero market cap. Penny stocks exist despite rampant scams.
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Yes. They must die.
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Ideologically, I concur.
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I think in the long-run, 1-3 big winners will remain. Only sound SoVs can have value, by definition.
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Seems like we share the same thesis ;) Although for me the SoV argument is more of a tautology - ie they’re SoVs because they’re valuable and vice-versa.
End of conversation
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