RE: Why Do We Still Try to Find Similitudes with Previous Crypto Cycles?
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...and now meme coins. All of them designed to take in solid crypto assets and produce sh*ty ones, if anything at all, for the most part and for most people.
Personally I think a lot of people who owns BTC are gambling memes. This cycle is characterized by greed, and that's why the market looked chaotic. Look at the number of people that bought Trump, I'm certain a percentage of them moved funds from BTC. Personally alts is not problem, the greed that comes with memes is the problem.
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I never disputed that. It went from alts to memes too. Just like they went from both to 1st gen defi and NFTs last cycle, or in ICOs 2 cycles ago.
But that's a way most people lost money not won or earned more. And that's how they were not even so smartly being taken from them. Sure, some won big time. But few compared to the ones who lost.
Exactly. It went from alts too. However I personally think that it's about greed. It's always easier to blame crypto, maybe BTC or alts when the problem can also be greed.
Sure... greed is an ingredient without which this wouldn't work.