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Why Your Shitcoin's Fundamentals Matter More Than Balaji’s Bitcoin's $1 Million Bet

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mistakili 🦁
@mistakili
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Happy weekends guys!

Bitcoin maybe on its way to $1m according to Balajis bet but what does this mean for your shitcoin?

We all know when big daddy Bitcoin makes such significant moves, many alts follow behind and a move that significant will do just that.

To answer the question, I have one question, are your shitcoins driven by narratives? Or by fundamentals? Narratives aren’t bad, it’s so easy anyone can hop on it and….fly. But fundamentals is where you separate what will last or wouldn’t.

Narratives may be easy to hop on and ride, but they don't necessarily provide a solid foundation for long-term growth. During the last bull run, many tokens pumped on narratives alone, only to dump massively when the bull run was over. While some tokens recovered or held strong supports in the bear market, but most of those were driven by fundamentals.

So, what are the fundamentals that can help your shitcoin weather the Bitcoin storm? A strong community, unique solution, and solid technical expertise are all key factors. As the saying goes, "When the going gets tough, the tough get going."

It's easy to get caught up in the hype and fall victim to scams and rug pulls when following narratives. But if you're confident in your shitcoin's fundamentals, you can ride the Bitcoin waves with ease, regardless of whether or not it hits $1 million.

As Warren Buffett once said, "Price is what you pay. Value is what you get." If your shitcoin offers real value to its users, then it will naturally attract attention and see a pump through the network effect.

In conclusion, don't let the hype around Bitcoin's potential rise to $1 million cloud your judgment. Stay focused on your shitcoin's fundamentals and stay true to your vision. As long as you provide real value to your users, your shitcoin will thrive, regardless of what happens to Bitcoin.

And if all else fails, just remember this timeless joke: Why did the Bitcoin break up with his girlfriend? Because he wanted more space in the blockchain!! Ha!

Thanks for reading.

Kindly share your thoughts in the comments.

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