One coin to rule them all… and a thousand others to make you broke.
The Dream of Digital Salvation
It always starts the same way, someone reads about the revolution of money, watches a few YouTube gurus with laser eyes, and decides that Bitcoin will free them from the tyranny of fiat. They whisper words like decentralization, limited supply, and sound money, as if they were part of an ancient brotherhood that’s about to overthrow the global banking system.
If you’ve never heard the bloody origin story how the 2008 crash, the bailouts, and one pissed-off coder gave birth to the first truly untouchable currency, you can read it here: How Bitcoin Was Born Out of Rage.
Then there are the Altcoin disciples, the technologists, the visionaries, the self-proclaimed futurists who believe they’ve outsmarted the orange coin. They talk about scalability, interoperability, faster transactions, and real-world use cases. They’re not in it for speculation, of course. They’re in it for the tech.
To outsiders, it looks like progress, innovation versus tradition, new layers of blockchain sophistication stacked on the foundation that Bitcoin laid. It’s the evolution of crypto, they say. Bitcoin was version 1.0, Altcoins are the future.
And for a brief moment in every cycle, they almost sound right. Prices moon, memes align, and everyone suddenly becomes a financial philosopher. “This time,” they promise, “it’s different.”
The Cult of 1 BTC = 1 BTC
Bitcoiners love to say they don’t care about price.
“1 BTC = 1 BTC,” they chant as if repeating it enough times will magically make their landlord accept rent in satoshis. They’ve turned tautology into theology. The price crashes 40%? “Discount season.” Another 40%? “Time to stack more sats.” Eventually, it stops being conviction and turns into spiritual self-harm with better memes.
Ask a Bitcoin maximalist what he can actually buy with his future of money. He’ll tell you, proudly, that Bitcoin is accepted by a few online stores in El Salvador and some sketchy VPN service. Now go buy milk and bread with it. I’ll wait.
The truth is, the world still runs on fiat.
Every BTC purchase gets converted back to dollars, euros, or yen the moment it hits a checkout page. Groceries aren’t priced in satoshis, rent isn’t denominated in block rewards, and your boss isn’t sending paychecks from a hardware wallet. The economy doesn’t care about your ideology it just wants the damn currency it can pay taxes in.
But try explaining that to a Bitcoin maxi. Impossible.
They’ve got their orange-tinted goggles glued to their faces. They don’t see markets they see prophecy. Every dip is a test of faith. Every correction is weak hands selling. Every criticism is FUD.
They call it decentralization, but mentally they all orbit one central idea: Satoshi died for our sins.
Most of them aren’t investors anymore, they’re missionaries.
They measure time in halving cycles, savings in sats, and life goals in how many normies they’ve orange-pilled. You could show them that the dollar still prices their precious BTC, and they’d call you a heretic.
Because Bitcoin isn’t just a currency to them, it’s an identity.
And once your money becomes your personality, it stops being finance and starts being a cult.
The Altcoin Delusion
Altcoin believers love to say they’re building the future.
They don’t trade, they build. They don’t speculate, they innovate.
Ask them what exactly they’re building, and they’ll start throwing buzzwords at you: scalability, interoperability, DeFi, GameFi, AIFi, every “Fi” under the sun, except “RealityFi.”
They tell you their coin is different. It’s not like those other scams. It has utility. It’s revolutionary. It’s the future of finance, gaming, identity, social media, healthcare, and possibly immortality.
And then, just as the price starts pumping, something magical happens, the founders start diversifying their portfolios. Which, in English, means they’re cashing out to dollars.
The same dollars they swore were worthless.
That’s the punchline no one likes to hear: every crypto dream ends in fiat.
The same way a drug dealer doesn’t stash kilos under his bed, no altcoin founder keeps his net worth in his own token. They all run for the exit the second liquidity shows up because deep down, even the visionaries know their token’s main function is to get them off the sinking ship.
They’ll tell you, “Our project needs a token to function.”
No, it doesn’t. Your app doesn’t need a coin to send data, your network doesn’t need a token to validate math, and your DAO doesn’t need governance, it needs therapy.
The only real use case for 99% of altcoins is to create something to dump later.
But the beauty of the illusion is how sincere it feels.
They really believe they’re changing the world, at least until the pre-sale vesting ends. Then suddenly the Telegram goes quiet, the GitHub commits stop, and the founder’s Twitter bio now says serial entrepreneur.
And the community?
They’re left holding digital confetti, convincing each other that next cycle the world will finally see the real value. The world never does. Because the world doesn’t need another coin, it just needs you to stop making them.
Altcoin innovation is the same story every time:
promise revolution, print token, pump, exit, rebrand.
It’s not building the future, it’s building a bridge to liquidity.
The Great Flippening That Never Happens
Every cycle has its prophecy: “This is the year Bitcoin gets dethroned.”
Ethereum, Solana, Cardano, XRP, take your pick. Every single one has been on the verge of becoming number one. It’s like watching Arsenal fans in August, hopeful, delusional, and destined for heartbreak by Christmas.
The charts light up, influencers start posting “The Flippening is coming” threads, and for a few glorious weeks the echo chamber convinces itself that Bitcoin is finished.
Then the market sneezes, gas fees spike, the chain halts, or some decentralized protocol mysteriously needs a CEO press release and it’s over. Funeral number 874 for the Bitcoin killer.
Meanwhile, Bitcoin doesn’t even flinch.
It doesn’t pivot, it doesn’t rebrand, it doesn’t ship a new whitepaper with a cartoon mascot. It just keeps doing exactly what it’s done since 2009 producing blocks, ignoring hype, and quietly reminding everyone who the original boss is.
Bitcoin isn’t fast. It isn’t sexy. It’s not eco-friendly.
But it has one superpower no altcoin can copy, indifference.
Bitcoin doesn’t care if you love it, hate it, short it, or try to replace it. It just exists.
It’s the cockroach of finance, ugly, hard to kill, and still crawling after every flashy newcomer’s obituary.
Altcoin founders love to say, “This is just the beginning!”
They’re right, it’s the beginning of the end, usually somewhere between token unlock and liquidity crisis.
The truth is, the Great Flippening never happens.
Not because Bitcoin is unbeatable, but because altcoins can’t stop tripping over their own greed.
They die not by murder, but by suicide, slow, spectacular, and almost always televised on X.
And when the dust settles, Bitcoin’s still there.
Silent. Patient. Watching the next generation of revolutionary coins march into the same graveyard, one rug pull at a time.
The Bloody Truth
In this holy war of crypto, only a handful ever win and it’s never you.
The founders, the VCs, the insiders, and lately, the Trump family and their orbit of patriotic innovators. They don’t trade conviction, they trade liquidity. You buy belief; they sell it to you.
Fair play, though, if you bought Bitcoin early and somehow resisted the urge to sell during one of its fifty funerals, you deserve the crown. Bitcoin proved itself, again and again, as the only survivor in a market designed to eat its young. Every cycle ends the same way: Bitcoin rises from the ashes, and the altcoins go back to being potential.
Altcoins always get their moment, about five minutes of fame per cycle.
They rise faster, harder, and louder than Bitcoin and then implode twice as quickly.
Catching that “alt season” window is like threading a needle in a hurricane. Blink and you miss it. Wait too long and you’re wiped out by leverage while refreshing TradingView for the hundredth time.
It’s true: the biggest altcoin gains usually happen in the last 20% of the bull cycle, the part where everyone already thinks they’re a genius. By the time the herd arrives, insiders are cashing out to the same worthless fiat they swore they’d replace.
Sure, a few alts survive. Ethereum, BNB the lucky ones that grew into something more than a quick pump.
But picking them early? That’s like trying to hit a coin toss from a kilometer away while blindfolded and drunk.
That’s the bloody truth about crypto.
Bitcoin is the king, slow, stubborn, unkillable.
Altcoins are the jesters, loud, colorful, disposable.
And the crowd? Still cheering, still dreaming, still broke.
Keep reading, keep growing. BloodyFinance.
