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Altcoin-Season // NOT like 2017 and 2021!
I have the desire to get rid of this. It's about the so-called "altcoin season" that everyone is talking about, and it's a 100% thing that altcoins will explode. People's reasoning? "But, they existed in every cycle, so they will now be there again, and it will go up again."
We need to start by looking at the Bullrun cycles differentiated with all the corresponding factors, and not as one unit.
So…
2017:
Let's start with 2017, which can be done very quickly.
The Bullrun 2017, the total market capitalization was not even $20 billion dollars, so there was no/barely any liquidity necessary to pump the market massively, is probably logical, where no/little capital is available, it also needs little to grow massively.
At the same time, there were only a few hundred-maybe 1-2 thousand projects on the market, the market was so incredibly small that the capital was divided into a small number of projects. Because in the end, each project takes something of the cake, in the end also means, the more projects, the less potentially remains for each individual project.
Capital is diversified.
2021:
2021 was also a cycle that was quite different, this cycle was at a time when we were in a state of emergency. It was the Corona time. The M2 has risen by 1/3 in this short time alone. The M2 has thus increased by 1/3, i.e. by about 40%, within 2 years.
The money supply M2 rose from $15.47T to $21.85T...that's the +40%.
At the same time, there were MASSIVE QE + state transfers, and interest rates were close to 0%, and that until the beginning of 2022.
In the time, it was a record QE... QE increased from $4.2T to approx $9T, it rose by over 110%!!!
This was a time when MASSIVE MASSIVE MASSIVE liquidity was released and created!!!
We do not have these parameters in this cycle. Quite the contrary.
In this cycle we have higher inflation, higher interest rates, no QE, but QT, significantly more crypto projects like in 2021, which will all get something out of the liquidity, and not like 2017 or 2021, where the selection was by far much smaller.
Again, the new capital that comes into the market is also even more widely diversified among all the projects.
And if we take the low of the M2 in the summer of 2023 with the current status, we have come from $20.57T to only $22.01T. That's only 7%.
That's why I'm making it clear that statements like: "but there's always been an altcoin season, and massive pumps have always happened there." are irrelevant.
Because we have a COMPLETELY NEW environment, with absolutely different factors!
These are the hard data/facts... and no "would/could/if" statements.
The origin is always liquidity, high liquidity ensures correspondingly high capital inflows! However, if this is only "relatively" given, and NOT like 2021, it will of course also be a completely different overall picture, and thus become a much more marginal pump.
People just want to hear/read ultra-bullish statements, and every contribution that goes more into realism, and thus also means that the X-potentials will definitely not be as gigantic as many think, will be defamed, and titled as ignorant.
But the truth remains the truth. And the data shows exactly what I'm describing here.
In the end, it is not my job to convince someone, do what you want with the information.
M2 Chart:
tradingview.com/symbols/FRED…
Recent balance sheet trends:
federalreserve.gov/monetaryp…
1/2…⬇️⬇️⬇️
#Crypto #cryptocurrency #Bitcoin #Ethereum #Blockchain
Bittensor - bittensor:native
And the next RugPull of a subnet.
This is really crazy.
Subnets are permanently liquidated.
Is this what the future looks like?
Of course, as always, it was a "hack", of course.
This is really serious and awakens confidence for new investors to invest in subnets, with the knowledge that RugPulls are constantly happening.
Everyone come to Bittensor and invest in subnets, you earn a lot of money. 🥸
τ = bittensor
$TAO #Crypto
Bittensor - bittensor:native
@vwdim1 Enjoy your day you big great adult man.
nitter.cf/vwdim1/status/20918381…
nitter.cf/vwdim1/status/20918367…
Yes, this is the great respectful Bittensor community.
Because people on the Internet feel attacked by an anonymous account like me because I mock an Internet currency + laugh at the community, the community reacts with such levelless statements.
It's about children, and people accuse you of being a bad father if you have children.
I don't have children... but I say it again here.
No matter how much I don't like you or don't like someone, it's a "problem" between you and me, not between you, me and your family... if the person in question has children, I wish them a lot of love in private, and that the child is raised with a lot of care and love.
No matter how much I can't stand you, I know that each and every one of you is a good father.
This niveau is not my world, yours is.
People talk to me if I have no hobbies, and am a failure, but are adult men who feel so blatantly triggered because of an anonymous Internet person. 😂
τ = bittensor
$TAO #Crypto
Replying to @vwdim1
This level is sensational.
I may call people like you idiots...but I respect children, and no matter how much I consider you an idiot, I would never say a bad word about children, about your children (if you have any).
May God protect your children, and may God ensure that you are a great father.
We are not the same.
Bittensor - $TAO
These are the facts, everything else is stupid hype without foundation.
All the Bittensor people who are now cracking out because TAO is pumped.
You moron, the whole market was pumping, and all these projects even more than TAO.
TAO couldn't even outperform BTC.
With only Bitcoin you would have made more return. 😂
τ = bittensor
$TAO #Crypto
Bittensor - bittensor:native
Hey, it's me again, the weird guy who shows reality.
I have to laugh very loudly again about the beging people who hype the rise at TAO so enormously and call it blatant.
And of course everyone is talking about ~$1000+ again 😂
The truth is, TAO performs disastrously compared to most other top 100 projects, and could not even outperform Bitcoin.
$BTC simply performed better than $TAO.
Check it out for yourself.
Likewise, all the Dino projects that are complete ass, have passed hahaha
The AI project No. 1, which is supposed to overtake Bitcoin one day, does not even come against 10 year old projects that can do nothing. 😂
I'm gone again...have fun crying again in the comments. 🤓
τ = bittensor
$TAO #Crypto
Zcash - zcash:native
This is fucking crazy.
ZCASH dominates the market.
#Crypto
Bittensor - bittensor:native // Zcash - zcash:native
I love it.
Zcash has been constantly criticized in the community and that TAO is so much better.
But in the end, it's all about money.
Just like $ZEC performs all the time, the $TAO idiots wish for it...but it doesn't happen.
That's called karma!!!
$ZEC destroys $TAO … and $TAO looks up from the bottom.
Congratulations!🎊🎉🎈
τ = bittensor
$TAO #Crypto
Bittensor // bittensor:native
It is true what is described there.
And just because you write "Scammer" doesn't make the truth wrong.
The following goes to everyone in the community:
The truth only hurts those who have felt comfortable in their lies.
In the past I have already written articles with on-chain data about const his wallets, and how he regularly sends and sells thousands of TAO to exchanges.
But there you keep your mouth shut.
You deserve to suffer even more losses.
τ = bittensor
$TAO #Crypto
Following the extraordinary performance claims in the Teutonic-I report, we audited the released weights.
We found overwhelming evidence that the model is derived from @Alibaba_Qwen's Qwen3.5-9B weights, while showing no clear benefit over that source model.
Full report: tplr.ai/teutonic-1-audit.pdf
Bittensor // bittensor:native
Among the altcoins, TAO is by far one of the worst projects.
Take a look at which projects are only under TAO, memes and absolute shit.
Every project that is only 1% serious performs better.
And people talk about it every day that TAO EOY reaches $1000.
And all this, although even @Jason makes massive advertising for Bittensor, still no one wants to buy this shit.
You are clueless and food for the Subnet Owner (and of course Const)... you are their Exit Liquidity.
τ = bittensor
$TAO #Crypto
Bye Bittensor ?
⚡️ NEW: Arthur Hayes says he's coming out of retirement to lead Flop Labs, a protocol where miners provide compute and AI agents spend $FLOP to run inference.
Pri τ retweeted
Replying to @CryptoTony__ @CryptoWizardd
Why would I hate TAO?
Just because I don't say every day:
„$TAO will now reach $1000 // $TAO goes into the top 5/10 this cycle"???
That's just the difference between me and you.
You only operate Hopium 24/7h.
Anyone who, like Wizz, has been constantly saying that we are now pumping to $1000 must be able to deal with something like that.
I share what I want, not what the crowd wants to hear.
Pri τ retweeted
Replying to @CryptoTony__ @CryptoWizardd
Bittensor // bittensor:native
They make an announcement, of an announcement, for an announcement.
These subnets are all so embarrassing.
Are constantly failing, and come back under other names (subnet) because they know how much money you can earn with a subnet (scaming).
It's always so nice... they had a subnet which was a disaster, and suddenly a new subnet comes up, which is suddenly supposed to be groundbreaking and good?
Why not make a good subnet right from the start?
All fraud.
τ = bittensor
$TAO #Crypto
Back in June, we told you we were staying in the ecosystem.
We told you the mission was growing TAO's on-chain accessibility beyond Finney.
We told you to stay tuned for updates.
We meant every word.
What we've been building in collaboration with @generaltensor for the past months (and with partners you'll recognize), is going to expand the Bittensor ecosystem exponentially.
This is not an overstatement. If you're into Bittensor, following our page and turning notis on will be worth it.
Bittensor // bittensor:native
Another AI contribution by Const.
Does he even know what he's doing?
He has to ask AI for every little thing, and let him answer.
Just remove the AI identifiers, then you would think you really have expertise.
As much expertise as he constantly labels scam subnets as serious and even backs and markets them.
Quick question, does Const work for or against Bittensor?
Meanwhile, it's hard to know.
τ = bittensor
$TAO #Crypto