There are many narratives around crypto and its various assets. You have to know by now that most are bullshit made to acquire exit liquidity. If you do not know by now, you are the exit liquidity most of the times. So what is crypto, really?
Bitcoin is not a currency. It is the digital gold. Its price varies by a lot, but overall it is a good store of value long-term. It is scarce but has no real transactional utility. Buy low, sell high, buy low again and keep it safe on a piece of paper. Use to invest in the rest. Litecoin is digital silver.
Ethereum is either crude oil or gas, pick your favourite. It runs things and gets burned. Its price varies by a lot but at least it has strong transactional utility. It is not scarce, but sometimes it is deflationary. Alt L1s like Solana or Fantom seem to be biogas or something. They have no future. Await an alt L1 that seems like solar or atomic energy (some say Cardano, some say Stacks – but beware of fortune tellers and DYOR!).
Altcoins are stonks. Shitcoins are penny stonks. Watch the Wolf of Wall Street. Act accordingly. Your shitcoin has utility? Then its price should not change. Congrats, you created a stablecoin.
Stablecoins are currency. You can buy things with them as the price is fairly stable. They all claim to be pegged to the dollar but in truth they are not. Instead, they are like the constellation of fiat currencies – some are like the bolivar, the ruble or the turkish lira and can depeg hard (hey terra). Some are like the dollar or euro (usdc, dai) and are pegged like a rock. DYOR! A stablecoin may claim to be worth $1 but that is just someone’s opinion. Look for the facts.
Any marvellous narrative beyond what I wrote is bullshit. Use it to pump your shitcoin but do not delude yourselves into believing any of it. Cut your losses fast and DCA the dips. Leverage with caution. Keep your funds safe. Own your keys. Fiat when necessary. Do not marry your hodls. Do not hold on dear life.
Arm yourselve because no one else here will save you. The odds will betray you.
Crypto is not a safe place. It is a piranha club.