lol i watch you shibes talking about doge and i feel like you guys are living in another universe. No sense of the market and the fundamental law of supply and demand at all and refuse to face reality. If I could short this coin, i really would. Since there are so many people here trusting this coin so much, anyone want to lend me some doges so I can short it? I will pay you 10% annual interest for borrowing your doge. Aka i will return 110% after 1 year.
Anyways, the market is flooded with this coin. The coin is not more special than any other crypto out there. It's a fad that has reached its end of life. The prospect of uncapped supply scares people even more. With BTC rising this fast, there is even more incentive for people to move doge to BTC. You guys are like the bank of England trying to prop up the pound (go google it) while being oblivious to the market conditions.
Actually you are worse than bank of England, at least BoE had 10 Billion pound to prop it up (yet still failed), but you guys are all talk and have no money. To quote one guy, your "social conscience" is worth exactly 0 BTC in the eyes of a supply and demand based market.
I don't mean to be harsh, but I'm just telling you how the real world works and why doge is falling. You talk like there is some kind of conspiracy against doge. That *might* be true if doge was a stock, and people got insider informations and/or people can short this coin and/or there are stock options available for trading, but in a crypto market where there is no shorting or options trading, the only way for a crypto go down is if everyone is selling doge. Face it, there is simply too much supply and not enough demand, compounded it with fear and uncapped coin, you got a free falling doge.
I would flip everything I made in DOGE back @ shorting it. I 100% agree.