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this post was submitted on 09 Aug 2023
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Oh there's a ton of interest but just kept to shitcoiners for now - the subreddits are nothing like they were during the bear market around 2019, back then it was a ghost town even with a subscriber count of 800k but now they're still very active due to an influx of millions of users (6m subs on the main shitcoin sub).
It'll all likely swing back up in the next two years and become a media and scam frenzy again, then another crash, rinse, repeat.
Reddit shilling decentralisation and ownership knowing how they've acted the last few months is hilarious though, they've been prideful of saying "nope you don't own shit,now fuck off somewhere else" and spez bootlickers have been parroting it endlessly too. Seems odd that they're the people Reddit are going to have to advertise this... Fauxnership to.
I'm not sure if I agree that crypto is going to swing back up, or at least not like it did in 2021. The subreddit may have more than 6 million users, but it doesn't have any posts in the past week with more than 1000 upvotes. In reality, the crypto subreddit has a smaller userbase than Lemmy. That's probably not entirely representative of the entire crypto community, but I think that it does indicate that a lot of people have lost interest.
I'm definitely looking forward to seeing how it all goes down though. Makes me glad I'm on Lemmy now.
It was much worse in 2019, a post hitting over 100-200 was unusual and the comment sections were beyond dead. Most comment sections these days are still filled with hope, in 2019 suicide hotline threads were a weekly occurrence or more.
We'll see anyway, the BTC halving has led to a run 3 times in a row so far, just like clockwork. Barring another recession I just see the same pattern forming.