We woke up yesterday morning to discover all of our beloved crypto currencies devalued against our chosen FIAT currency. People who have been in the game a long time will feel confident, while newbies may be worried that this bull run is already over. Comparing charts, quick fire analysis, weak minded investors may convince you it is, but…
**It is not the end of the bull run, this is just a Shitcoin Shakedown.**
Led by none other than the undisputed champion of shitcoins, Doge has surpassed unfathomable levels in value this last few weeks ([thanks Elon](https://twitter.com/elonmusk/status/1377567762919292938)) and reached an absolutely astounding market cap of $50 billion dollars. To those of us there during its creation (I was, and still [HODL 2.2m Doge](https://dogechain.info/address/DPRs4LtSPaZ6XLik3G4ahfPQzXbdpakB3D)) it’s recent ‘pump & dump’ spectacular has been a true sight to see. Imagining that it would ever surpass 1 cent per Doge would have got you laughed out the room until recently. To give some perspective, the levels and hype around it are beyond anything Roaring Kitty & $GME has achieved over on WSB.
Bitcoin & Ethereum haven’t even started to reach the parabolic levels associated with FOMO yet. What we are seeing the end of though is ‘Alt-season‘. It was short lived, but exciting and gained a lot of interest in the crypto space. The market has been waiting for it for some time, and its third outing (2013, 2018, 2021) didn’t disappoint. There may be a few blips (dead-cat bounce?) over the coming months, but feel confident that your chosen shitcoin has had its day.
Bitcoin, affected trivially (zoom out to find out) by the market slump will continue its march upwards akin to [PlanB’s S2F chart](https://twitter.com/100trillionUSD/status/1385607970059345924). There’s still a long way to in this bull run. The only real way to play Bitcoin is to buy, hold and be patient.
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