'All Time Lows' by Lil Bubble Captures Spirit as Altcoins Fail to Pace Bitcoin

From the creator of "When Moon" comes another blockchain banger.

AccessTimeIconJul 1, 2019 at 9:00 p.m. UTC
Updated Sep 14, 2021 at 1:52 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A new anthem for altcoin HODLers dropped harder than that market did in March 2018, potentially signaling cryptos’ return to meme-driven, pop-cultural awareness.

Despite bitcoin’s surge in price and attention last week, most altcoins were unaffected by the market drive. Prior to the recent market exuberance directed at the largest cryptocurrency by capitalization, an “Alt-Season” – comprised of 118 cryptos that increased faster year-over-year than bitcoin – was in play.

https://www.youtube.com/watch?v=M3TzVgGyBFs

, a parody of Lil Nas X’s Old Town Road, showcases the mindset and strategy of those playing the altcoin long game.

Bagholders retweeted the song 2,291 times and lauded it with 6,686 likes on Twitter since it was published yesterday evening, at press time.

In the music video, a spaceman wearing a “ledger on [their] neck” plays an acoustic guitar and tells of their intention to ride their alts down to all time lows, and buy until they cannot do so anymore. They reason that the alts are oversold, and therefore undervalued, and will one day increase in price. In other words, they are going to the moon. Hence the spacesuit.

The spaceman ambles through the desert as the sun sets behind them, never sharing the shot with a spaceman that walks alongside, carrying garbage bags presumably filled with altcoins such as Litecoin, Bytecoin, Zilliqa, Icon, Vechain, and Verge.

At one point the spaceman sits and reflects, perhaps wondering how they ended up in such a desolate place. “FOMO buy the pump, Panic sell the dump,” is the rejoinder.

However, this could not be the adventure’s case, as they know they haven't lost so long as they have not sold. They check their phone while holding a stack of hundred dollar bills, looking instead to buy more. The spaceman sayeth:

Buying all these sh*tcoins

You can keep your bitcoin

I am broke as hell

But I will never sell

In a moment of pure will the spaceman replies to himself, “I’ll be holding bags ‘cause I’m never missing my chance.”

The account that hosts the song did not respond to a request for comment.

TheCryptoBubble account identifies as a “$hitcoin extraordinaire,” and previously published a rueful rendition of Gary Jules’ "Mad World" called When Moon?

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.