DOGE Reddit Mentions | ChartExchange

Normies are people who don't have interest or believe in crypto but who jump into crypto during bullrun hype cycles. There was a massive influx of them in the 2017 and especially the 2021 cycle when people who weren't normally investing were jumping into crypto and even meme stocks like GME.
In August-September 2024, I kept on posting that this cycle was completely different and that most Alts are completely fucked now because of macro conditions and institutional driven BTC rise. In January 2025 I posted that there would be no Alt Season in 2025.
Crypto Influencers and Bagholders are slow and stupid so it looks like it has taken a year plus for them to come to grasp with reality.
> Reddit Crypto and Bitcoin subs are detached from all reality. People are struggling due to the high cost of everything because of inflation only made higher by the high interest rate environment. We are in a much different environment that the 2017 bullrun and the 2021 bullrun. And despite what people here say, even big cuts in interest rates does not mean we are going back to near zero interest rates next year. Bitcoin is now a huge market that is harder to move going against economic headwinds -- if Bitcoin goes on a big bullrun next year, it'll be fucking impressive. **(August. 2024)**
> - 2017 Bullrun: Fed Funds rate in was between 1-1.5%
> - 2021 Bullrun: Fed Funds rate was between 0.05-0.10%
> - 2024: Fed Funds rate sits at 5.5%
> - 2025: Fed Fund Futures is predicting 2 percentage rate cuts by next July leaving it 3.25% to 3.5%
> - Credit Card delinquency rate at the hugest since 2011
> - Credit Card debt at record high of $1.3 trillion
> - 1 in 3 people said they will have more credit card debt by the end of 2024
> - Average credit card interest rate is currently 22.76%
> - Average family in 2024 must pay 38% of income on mortgage to purchase a house
> - Low-income families would have to spend 77% on mortgage to purchase a house
> I only have anecdotal evidence of of how much of the money comes from low income retail. But during the last bull run, it seemed like every regular Joe who had a smart phone was trying to make money on crypto and meme stocks like GME.
> My girlfriend's mom who is a waitress got a note from someone who left her a tip saying invest in these two "XRP and DOGE" and she wanted me to put in money for her. Christmas in 2021 I am with my girlfriend's family who have NEVER invested in anything and they're talking about the best shitcoins. That stuff was all over TikTok.
> My plumber went all in on GME, COIN, SQ, BTC, ADA. I saw him again in 2023 and he now says his only investment is his house. I really think this retail FOMO did have an effect on the market.
https://np.reddit.com/r/CryptoCurrency/comments/1essrtn/seeing_engagement_here_sentiment_is_lower_than_in/li8cj8m/
> That is **my prediction range $100K to $120K IF we do real well.** But BTC going 2X from here is not going to give you 5X, 10X, 50X on all these Alts that people are holding at major losses and need those type of numbers to just break even.... **Most Alts are absolutely fucked now. (September 2024)**
https://np.reddit.com/r/CryptoCurrency/comments/1f98l4j/daily_crypto_discussion_september_5_2024_gmt0/llnadcz/
> A lot of people are holding heavy Alt bags **rationalizing a huge Altseason is coming** this year. Your Alt echo chambers are telling you, it's 100% happening. **There is zero percentage chance of that happening** without another big BTC leg up so it would be wise to temper your expectations.
**(January 1st 2025)**
https://np.reddit.com/r/CryptoCurrency/comments/1hr1bgb/btc_returns_2010_2024/m4uaz4g/

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