The Great Crypto Crash of 2021. Bitcoin Looks Ever More Like a Ponzi Coin.

This has been quite a spectacular crash, even since Bitcoin hit a peak a bit more than a month ago of nearly $65k.

The arguments that Bitcoin nearly is a ponzi scheme, as many have suggested, are looking closer to truth as the days move forward. Clearly, after crashing on the worst inflation news in 30 years, no one rightly can consider Bitcoin as an inflation hedge.

This crash actually is the best time to study the market and these things as crashes typical are. In booms there is too much hype and euphoria. Many take on the occupation of "expert" and hustle themselves to media, which report on such things as financial matters. Yet, when the tide is out, you see who is naked or so that saying goes.

Ignoring the stablecoins, which are US dollars in crypto form, i.e., synthetic dollars, basically, only a handful of crypto have outperformed ETH over the last 30 days.

ETH is the real gold standard for cryptocurrency. The Ethereum smart blockchain is the premier blockchain tech.

Thus, you can believe that any crypto that has fared better than ETH over these 30, is held by long pull "investors" i.e., very long-term holders for price appreciation. These are people who study the tech behind blockchains and who have picked the likely long-run future winners.

The exceptions, of course, are the joke meme coins, SHIBA INU and DOGE, which are Bitcoin-like ponzi schemes for low-wage earning working-class.

Here are some quick observations:

All coins that have not beaten BTC over the last 30 range from iffy to outright junk.
The coins between ETH and BTC hold promise.
The coins above ETH that are not stablecoins hold even more promise than ETH itself.