This dip is a shitcoin killer

Shitcoins (not naming any of them, we know what they are) have been flying the last couple of months and we've all seen it change the space, even this subreddit. I overheard people talking about Dogecoin at work, people that don't even know how to budget but are now "investors" because of certain apps that make shitcoin gambling too easy. This dip is gonna wipe all these people out, the ones actually interested in crypto are gonna stick to it. Think of it as a snake shedding it's skin, it needs to grow but it can't keep growing because of its current skin, it has to step back and "start over" to grow into a new stronger skin. A lot of everyday people are gonna get burned unfortunately but it's necessary. If you believe in the fundamentals of your portfolio you will be okay, hold and/or buy more.

Edit: never called Dogecoin a shitcoin, I simply stated coworkers that have no experience had mentioned it. You can take that for what you want.