At this bullish season, bullish person is always right?

wxa7115

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Quote from: GreatArkansas on May 08, 2021, 06:34:26 AM

Doge pumping on every bull run seems to become normal, but this time is different for Doge.
That's why I can say that this bull run is totally different from all the previous bull runs, especially the recent one.

The saying I heard always is "Everything is right when it is bull run", it's probably everyone is buying. But they should be responsible.

Dogecoin has been going up very rapidly during the previous weeks but it should be a warning sign, dogecoin is not really a good coin and if it was not because of its nature as a meme coin then no one will give to it any attention.

The truth is that sooner or later there is going to be a collapse on the coin and when that happens you do not want to be part of it otherwise the amount of money you can lose is going to be so great that it will be almost impossible to recover from it at all.

STT

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We could still be bullish but also negative below the 50 day average, it does seem we are working out pricing here until we meet the 200 day average. If we met 200 DMA now it'd place the price at 40k which to alot of people means we are negative. However the 200 day moving upwards is still bullish and it still qualifies as just a pullback, the confusing part is the timeframe and we tend to want everything to appear for us today.
Even while negative we can move upwards during a day, right now price is rising above the 12hr average and there are buyers for sure here some of which will be speculators who later sell and some genuine holders. Its really hard to decide which is dominant theme exactly but over a year I would guess we remain bullish, I also expect 200 day average is quite fair pricing long term because historically thats correct

Gozie51

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I observe that bitcoin movement has been running with the top 4 coins these few weeks and including dogecoin. Dogecoin has really performed beyond what investors don't expect. This coin may create an experience that people won't imagine. I have been fascinated by the movement so far since bitcoin has been on ranging mode just as dogecoin too. The bitcoin fee is high but dogecoin is very low and I feel that is what may be pushing the market.

xSkylarx

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

This depends on what type of "crypto-coiner" you are. As someone who has been here since 2016, I already experienced the volatility of many cryptocurrencies. If it is only driven by hype like dogecoin, I would avoid investing in it knowing also that it has no utility and has an unlimited amount of supply or any crypto that it is already on its FOMO stage. Some newbies are into this dogecoin because Elon Musk is always tweeting about it on his Twitter and seeing how rich is he now will really hype many people.

You don't have to follow what these experts say and most often they are just hyping the coin they bought, if you DYOR and you really trust the project that it has potential in the future then you don't have to FOMO as each crypto have their time to pump.

LUCKMCFLY

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I think no, bulls always look for a way to have very good publicity to move motions and cause more momentum to movements, in most times bad news can mean buying, because weak hands begin to feel more and more panic, in this case, in the short term, there is a lot of uncertainty, so any movement is possible, at least that's what they raise in the article:

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If the uncertainty resolves to the downside, the BTC/USDT pair could drop to $52,323.21. The bulls will try to defend this support and if they succeed, the pair could extend its consolidation between $52,323.21 and $58,966.53 for a few more days.

Source: https://cointelegraph.com/news/price-analysis-5-10-btc-eth-bnb-doge-xrp-ada-dot-bch-ltc-link

If we start to see, it is a bit difficult in the short term that the ATH can be reached, we just have to wait and see it can happen in the medium and long term that the predictions are very optimistic.

Baofeng

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Quote from: Oasisman on May 09, 2021, 07:38:16 AM

Quote from: Baofeng on May 08, 2021, 02:44:37 PM

I think Doge FOMO will continue, they are looking for their next stop, which is $1.00, currently at $0.65. While bitcoin is having a good and steady increase in the last 3 days, now it's $59k and still going up. So definitely we want a steady but sure bump in the price as compare to altcoins which massive growth and then dumping hard.

I'm not sure If Doge will bounce back up to $1 after It fell down after the Elon Musk SNL appearance.
I thought It would help Doge to pump even more prior to his appearance, but It turns out the other way around.
I'm expecting more from Elon after this huge plunge.

Yeah I agree that it fell down to $0.44 now, so that's what we call pure pump and dump, I'm not a investor of Doge, but. the hype is still there that I'm thinking this guy are going to push it again to their whole number target which is $1.00

Quote from: Oasisman on May 09, 2021, 07:38:16 AM

On the other hand, Bitcoin still at the bullish range with a strong $60,000 resistance. No signs of bearish movements yet, and this is what Bitcoin separates from the rest of the alts in the market. It doesn't need someone trying hard to pump it. Instead, it pumps because it gets more demand as time passes by.

We are still in the bullish range, although currently when I woke up, surprise to see the price going down to $55k from as high as $59k. Nevertheless it is still above $50k, so there is that big support again if ever this correction continues in the next 12 hours.

sana54210

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

From what we all see, even a coin that we thought a garbage coin, pumps and generates billions of volume, and not only that, it made people profitable. What I'm referring to is the DOGE coin, I thought Bitcoin would be the most profitable but it seems like people are making money from the craze of DOGE.

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

I agree that it is totally a bullish season that is a fact and there is nothing wrong with that. However bullish person doesn't just win now, he wins at all times, even during a bear season, if he is bullish about it then he will buy more when it is low, because he believes it will go up, that is why bullish people always profit. Bear person would look at a low price and say "I told you it will go down, it will go down even more, it will die!!" and not buy, and during a bull season "it is too high now, it is a bubble, it will burst any moment" and not buy so that person will never earn anything.

People in between those may earn and lose depending on their situation as well but the bullish person is the one that always profits. Do not look at what bitcoin or any other coin at the top is doing right now, look at what it will do in the future and you will be bullish as well.

dunfida

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Quote from: GreatArkansas on May 08, 2021, 06:34:26 AM

Doge pumping on every bull run seems to become normal, but this time is different for Doge.
That's why I can say that this bull run is totally different from all the previous bull runs, especially the recent one.

The saying I heard always is "Everything is right when it is bull run", it's probably everyone is buying. But they should be responsible.

No matter what instances neither a bull run or bearish market then we should really be responsible on what are the actions we've been doing.Its only a bit on the personal side of things

on having this kind of thinking where he do think that he's always right just because we are experiencing bullish moment as of now, then what would they say
if the market turns out to the opposite side?

Ludmilla_rose1995

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

From what we all see, even a coin that we thought a garbage coin, pumps and generates billions of volume, and not only that, it made people profitable. What I'm referring to is the DOGE coin, I thought Bitcoin would be the most profitable but it seems like people are making money from the craze of DOGE.

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

I love to hear your thoughts, I feel like it's becoming like a bubble already.

Dogecoin is the bubble craze phenomenon this year. Many people prefer hype for fear of missing out. For this, I warn novice investors to be careful in buying Doge. the instrument may have a high value due to speculation in the market. Even though the intrinsic value is very low. Before buying, don't expect that the price will continue to go up and not be detrimental.

Don't get caught up in FOMO. novice investors, often fall prey to social bias from being led to invest more. Trust me, you (novice investors) will not know that Dogecoin's increase is true value or just speculative value. Investors should not invest more in Dogecoin instruments than they can afford to lose.

aysg76

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Quote from: Oshosondy on May 07, 2021, 08:23:16 AM

Doge has never been a garbage coin before, I recalled it has marketcap of over $200 million or more when its price was at its lowset in 2020, it is not a shit coin.

This is altcoins season, that is why the price of altcoins are increasing, but the bear season may still come, this will really be dawned on altcoins.

The doge was normal altcoin in past but now it has become a more centralized currency which is operated by social influencer which is pushing Dogecoin into ponzi pryamids.His tweets decide the Dogecoin prices and he have surged the prices to 60 cents but now he has just turned the stones in opposite direction by calling doge investment as "hustle" due to which prices have plunged 30-35% on CMC.People are cashing out their returns and so the market is crashing.This is what happens with most of the shitcoins in the market like huge pumps once and then market crash and same thing is happening to doge at this time.A meme coin which surpassed the valuation of top Companies like Ford,Honda,Starlink just because of some influential tweets from Musk and Mark Cuban.It might not be bad investment option in past but now it has turned out to be phisshy coin which will soon crash further.

SquallLeonhart

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

Honestly I will not invest into any of new coins without having strong due diligence. It means I may not bother any of FOMO. At the same time I'm not coming across any expert to guide me on where to invest and what should be avoided. Even in the trend of bullish markets, I'm not speculating much with any altcoins but just believing into the future of bitcoin hence simply holding it.

Bullish persons cannot be right all the time because I have seen many of them got trapped in the middle by short-term to mid-term corrections. Moreover, I do not believe into having one-sided mindset. Because, that will lead you to missing all other precautions.

traderethereum

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

I love to hear your thoughts, I feel like it's becoming like a bubble already.

Dogecoin already become a bubble after hit $0.7 and boom, the price now is down deeper and even it reaches $0.4-$0.5, which we do not know if the price can back to $0.7 again.
Whenever the price can increase so high, we need to be careful because the price can make a correction and we do not know how deep the price will go down.
But I do not just believe what the experts say because we do not know if they really know what is happening to the crypto market.
I prefer to search for more information about the crypto market by myself than just listening to them.
Maybe we can use their info for our research to find more sign about the crypto market.

udidrone

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

From what we all see, even a coin that we thought a garbage coin, pumps and generates billions of volume, and not only that, it made people profitable. What I'm referring to is the DOGE coin, I thought Bitcoin would be the most profitable but it seems like people are making money from the craze of DOGE.

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

I love to hear your thoughts, I feel like it's becoming like a bubble already.

If must pick i will pick ride with fomo. Because mostly it is really happened, the pump. About how people lose or profit, i think it is all depends on what they aim in profit. If me, although it is very risky, maybe i prefer to buy coins that already pumped and aim for less than 10% profit and then sell my coins immediately. But in practice, it is really hard and i keep end with lose. But i don't have other choices because i can't analyze market.

Fundamentals Of

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It has become a craze. So this means things are temporary.

In terms of fundamentals, there is no heavy reason for Doge to become what it has become today. But since there are influential people who are riding with this craze, the meme coin becomes a very valuable coin. What matters really is demand. And demand is not always grounded on deep analysis and dependable features.

For now, it is easier to make money with Doge and other altcoins compared to Bitcoin. If your priority is to make money, you don't care much if a coin is only based on hype.

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Quote from: STT on May 08, 2021, 08:00:00 PM

Doge wont get 51% until it falls into a slack state and is cheaper on the way down then its profitable to double spend I guess. ETH is being accumulated for the proof of stake, that change in meta is likely helping it for this year or until that idea fails which Im not sure it will.

Would get really expensive now though to 51% attack DOGE would it not? Of course nowhere near as expensive as other most coins I guess but still very expensive for something that the good actors would just go and reorganize right?

ETH going through holding for sure, wallets are growing fatter every day.

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Quote from: Baofeng on May 08, 2021, 02:44:37 PM

I think Doge FOMO will continue, they are looking for their next stop, which is $1.00, currently at $0.65. While bitcoin is having a good and steady increase in the last 3 days, now it's $59k and still going up. So definitely we want a steady but sure bump in the price as compare to altcoins which massive growth and then dumping hard.

I'm not sure If Doge will bounce back up to $1 after It fell down after the Elon Musk SNL appearance.
I thought It would help Doge to pump even more prior to his appearance, but It turns out the other way around.
I'm expecting more from Elon after this huge plunge.

On the other hand, Bitcoin still at the bullish range with a strong $60,000 resistance. No signs of bearish movements yet, and this is what Bitcoin separates from the rest of the alts in the market. It doesn't need someone trying hard to pump it. Instead, it pumps because it gets more demand as time passes by.

ethereumhunter

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Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

From what we all see, even a coin that we thought a garbage coin, pumps and generates billions of volume, and not only that, it made people profitable. What I'm referring to is the DOGE coin, I thought Bitcoin would be the most profitable but it seems like people are making money from the craze of DOGE.

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

I love to hear your thoughts, I feel like it's becoming like a bubble already.

I prefer to believe in myself and not others experts because they do not always know what we search for and they can not always answer the question from us. Besides that, I follow the FOMO and enjoy cashing out because I am waiting for a long time to make the biggest profit from Dogecoin and I am sure many people are making a lot of money.

The bullish person is not always right because that depends on the person itself. But Elon can move the price to surge to the high price while the other people can not move the price like Elon.

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Quote from: Yogee on May 07, 2021, 01:41:00 PM

Quote from: Ziskinberg on May 07, 2021, 07:24:56 AM

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

You can still remain firm with your belief that it's a shitcoin and earn from other coins or tokens. You don't have to ride the Doge FOMO since it's too pumped now. Do you still remember the question asked by redditors a.k.a WSB before all these Doge craze started? "Has Doge reached $1?" It will peak around that level or $2 tops until this bullrun ends.

I can't believe Elon's fomo will continue to be aftersales all this time. There will come a time when it has to end. It is a serious problem for new investors. with my own Dyor, I will not let others hold the reins and I will not seek blindness. If you go through 2018, things will gradually clear up. ETH gained traction by being serious, Doge didn't. I always doubt that. Focusing on BNB, ETH, I have almost no insomnia

)

STT

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Doge wont get 51% until it falls into a slack state and is cheaper on the way down then its profitable to double spend I guess. ETH is being accumulated for the proof of stake, that change in meta is likely helping it for this year or until that idea fails which Im not sure it will.

To be bullish while the underlying trend is rising is always going to be correct even if you are wrong for a few days, makes it much easier when we just fall uphill. Invariably we get too many people guessing or hoping upwards, even worse if with leveraged money and then it has to reset at least some in order to continue properly.

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next Bitcoin

Its just a copy of LTC I think so might as well just get that and beat the hype

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It seems to me that people are still in FOMO waiting for it to touch the $1 and it's so funny that most people consider this as a new Bitcoin. lol It's just being hyped by Elon Musk and nothing else, he just invested on it as a joke and people now are considering this as the next Bitcoin.

It may be on its top right now but when the bear season come, I don't think people would be happy to still hodl it in the long run. Unless Elon Musk try to pump it back again and that would be ridiculously funny. People should invest ETH or Bitcoin after getting profit from it or else there will be a holding forever of a shitcoin.

Topic: At this bullish season, bullish person is always right? (Read 333 times)