My Sunday scroll through crypto Twitter tells me the following. 1. BTC and ETH fees are high and people are getting a bit pissed off about it. 2. There are people who are genuinely trying to use lightning network in order to get around fees and it’s either failing technically or has set minimum amounts which defeats the purpose. 3. Responses to claims to use lightning network are being met by more resistance. 4. There hasn’t been enough pain expressed in the recent price drop in BTC still too much confidence in the market. I take that as a warning sign and will wait until people start puking. 5. The Biden capital gains tax is a red herring. 6. Dogecoin is getting far to much respect - people are trying to second guess basic market logic - expect more people to be suckered in before a major rug pull. #BitcoinCash
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The no 6 in particular is true, so many people are giving Dogecoin more relevance nowadays, I can't help but wonder why the sudden change, they all tagged Dogecoin as a shit coin, a no go area before and just because of the rise , they changed their minds overnight