The crypto influencers knows that what they are advertising is a scam but because they are paid by these criminal gangs, they do not mind victimizing their audiences with a promise of benefiting in using such services or buying in in some cryptos with no use case or just fashioned to brutally scam naïve people in the process. So because of that, never ever trust people to make you buy-in to anything that sounds sweet in the ears and promises things that too good to be true but in the end will just put you financially ruined in the end.
There are many scam cryptocurrencies out there and the only legitimate ones are the decentralized cryptos which is not in control of single individuals which have the power to push the "rug-pull" button in any time. However, sometimes a blockchain platform can be "decentralized" but is controlled by powerful gangs to rule over the ones that are smaller or weaker, so at that point it already beaten the purpose of decentralization because of their power to run the blockchain by themselves and this is a reality for a specific blockchain social media where the most powerful has the big "say" in how such platform should run. It is like in the real world of capitalism indeed where the small are destroyed by the bigger ones but in comparison, the blockchain gangs are more sinister in doing so by for example destroying others just for the fun of it or reasons that they invented themselves.
That is why some individuals are known for their being a Bitcoin maximalists because they are seeing other cryptocurrencies as scam coins regardless of their real-world functionality and I can understand this for a good reason which is Altcoins will never survive if not for Bitcoin's fundamentals which is to rise up in value through time because of its halving events. The halving event of Bitcoin occurs every four years and that is something to consider because that halving event makes the supply of Bitcoin being mined to be cut down in half overnight, no delays, no suspension, nor anybody can do about it, it will happen and will happen until the last Bitcoin is mined. The rule of supply and demand will set in and the value of Bitcoin will at least double. So for a another cycle after this bitcoin bull run, we can safely say that for BTC holders alone, they surely be in the best position even if they are not trading but rather accumulating Bitcoin.
However, after this cycle it will be much doubly hard to buy bitcoin but fret not because in the coming cycle we can also get the opportunity or chances to buy back a lower-priced Bitcoin because it always happens based on the charts where we can see that between the peaks of all-time highs for Bitcoin are bottom prices where exactly after two years from the BTC halving is the place where we can get the chance to buy back and that will be our new way in giving us profits once we go again for another halving event for Bitcoin and that really sound so good. That is why there are really opportunities around BTC alone which takes a bit of time to realize gains but it is better than other things like stocks and other financial instruments for the reason that Bitcoin is the best performing assets of all time and that is a fact not worthy of ignoring because of fundamentals of Bitcoin.
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