I think it is easy and convenient to blame the BTC price dump on Elon musk but i see no reason why anyone should be investing their hard earned money into these animal meme coins that are flooding the markets. They offer no utility and are created solely for the purpose of becoming the next dogecoin.
I will rather invest in BTC that wouldn't give me huge gains than a meme coin that can dump tomorrow and loose all the profits it has gained
Well if you are doing crypto trading for a long time and committed, you will not gonna appreciate the dogecoin and I feel the same way too. In my perspective, doge is only for those people who just entered crypto space recently and thinking that crypto is as simple as buying what coin is popular on social media and just by doing that you'll gonna earn profits. Many of them think that it can apply with other coins too that is why most of them lose their money because of that kind of mindset.