RE: The crypto market "oversaturation" analyses are skewed, and here is why.
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The poor suckers who get sucked into meme coins... Once bitten twice shy so they say, and that's how many of these people will learn that. I think BTC may push up past 100K again really soon, it may surprise us all. Hopefully the 78K will soon be a distant memory (or nightmare).
The only way to learn in crypto is to take the plunge, sadly for the "newbies" that plunge can turn out to be a painful one. Trump should have made sure his token had utility rather than have it be a suckers bet...
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Last cycle I think we saw a 30% retracement at this point. So I'm hoping 78k was the new lower low. It means that soon alts might begin their pump. But we never can tell if 70 to 72k dump is still possible
He's probably doesn't understand anything about crypto or utility, just shove a meme coin down the throat of people and that was it.