Shiny-item-syndrome (SIS) is something which heavily applies to $BTC . Shiny Object Syndrome to #Crypto .

It all has to do with emotional attraction and experience.
People will only have vested interests in #Bitcoin when it starts breaking new ATH. They are ushered to it because it is shining and highly valuable. They want it because it is valuable. And the more people want it the more shiny it becomes. They are spurred on by the people who had it when it wasn’t as shiny. They look envious and want to have it as well. So they massively step-in. They FOMO. We see it occurring on the daily during a bull-run. Smart people are born during the bear-market when they start realizing the cyclical nature of Bitcoin and stepped in at the wrong time. Smart educated people will stick to $BTC for this reason. They are honest enough to admit their mistakes.

And what with #Crypto ?
Shiny-Object-Syndrome is a continual state of distraction brought on by an ongoing belief that there is something new worth pursuing. The people did not attain their fill with $BTC but are still hellbent on their “profits” and wanting to have their SIS-urge lessened.

So they start looking for the next “big thing”. It is the reason why so many claims of “better than $BTC ” or BTC 2.0 / BTC 3.0 exist.

Things like $HEX , $PLS , $XRP , $BSV , $KAS , $NXS , $BCH are just that. People deluded in SOS. Their community strengthened by seeing the gains of “early” ones… and willfully forgetting/ignoring it isn’t as valuable nor solidly built as the real deal. The ignoring of obvious points of failure and centralization issues.
It is the reason why these are labeled as “shitcoinery”. Just cheaper imitations that will never live up to the real deal. This is the realm of shitcoiners. The asocials of society. The NPC’s who will allow their biometrics to be scanned and abused for a few meager dollars.