Doge is to hold should not be trading - page 12.

NeuroticFish

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

You can see what has happened to Bitcoin. That may happen at any time to Dogecoin too.
Also Dogecoin has a huge tail emission, making it a rather poor long time investment - the demand for it has to rise continuously to keep the price, unlike Bitcoin where constant demand is fine.
However, DYOR and invest wisely. And try to discuss altcoins .. in the altcoins board Wink

blockman

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

It's not with the help of Tesla because it's a corporation but with the help of these guys, first Elon who owns Tesla and has also mentioned Space X which shall by far put Dogecoin to the moon as in literally. I don't understand the concept of it or it's just another show to the public for which can be easily told. And the next guy is Mark Cuban, who has also been supporting not just Dogecoin but the other best cryptos that we have mainly Bitcoin, ETH, and LTC. Elon might be the #1 richest man in the world based on his assets and calculation of his stocks but if his stocks drop including Tesla and Space X, he will be replaced immediately by who's next to him. It's like the same as having a hold in cryptocurrencies and volatility of the market.

FinneysTrueVision

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Dogecoin is not a serious project. It is irrational to be putting so much faith in an unhinged megalomaniac like Elon Musk. It is not a store of value so there is no reason to be holding it. Dogecoiners are deluded by their own greed.

noorman0

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Quote from: Tiaraairdrop on May 13, 2021, 12:58:51 AM

In Elon Musk's most recent post when he said he was not pro-Bitcoin and he said "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transation" if it's Doge, then this is really big news

Whatever Elon says, he only holds 38k bitcoin (or 10% deducted) against the bitcoin marketcap of 1 trillion usd. Not everyone can afford / wants to buy Tesla products using bitcoin. Bitcoin is an investment asset whereas car is a depreciation product. In the next 10 years maybe you will be able to buy a Spacex rocket for 0.5 bitcoin.
You need to know that Elon also understands that most of the doge supplies at these address have not moved since the hype doge. If you own a company the size of Tesla and have received a lot of doges from car sales, what will happen to your company after the doges at the addresses move?

Tiaraairdrop

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In Elon Musk's most recent post when he said he was not pro-Bitcoin and he said "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transation" if it's Doge, then this is really big news

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Doge should be a billionaire coin that is why this thread supposed to be in the shitcoin discussion section!

Elon is intentionally bumping the coin while these stupid poor people are following his orders like a slaves, everyone should have their mind or they gave it to rent for someone? Tongue

Tiaraairdrop

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I have anxiety when every year a new number of Doge is born, different from other coins, to increase the price they have to burn coin

so98nn

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Frankly, DOGE has become a situation now after Elon's behaviour for the same.

I mean chronologically speaking,

- DOGE was believed to be meme coin, a mere joke, however over the time Elon's tweet added some serious stuff in it.
- People got so much obsessed with the investment, they started buying huge stash of the same.
- High expectations from the SNL show got the DOGE on everyone's nerves!
- People presumed it in wrong way, instead of buying more or HODLING everyone started dumping.

Part-II Began

- Though Elon tweeted serious statement about SpaceX and Tesla payments to be made in the form of #DOGE, it did not move the market slightly.
- This is due to Elon's meme behaviour about the coin & people loosing millions of dollars in a short time.

He will surely accept the DOGE payments, the only people getting benefited from DOGE hodl is people who will be staying strong until first Quarter of 2022.

Tiaraairdrop

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Quote from: Tiaraairdrop on May 12, 2021, 10:30:50 PM

Elon musk just posted on twitter not accepting BTC, immediately the market plummeted. I think this is the action he wants the community to push the capitalization from BTC to Doge

What do you think if Tesla accepts Doge payments and Space X is also paid in Doge. Is this the largest ecosystem in the history of a Crypto project?

Tiaraairdrop

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Elon musk just posted on twitter not accepting BTC, immediately the market plummeted. I think this is the action he wants the community to push the capitalization from BTC to Doge

LUCKMCFLY

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To be totally honest, Doge for me was nothing more than a coin that survived the long-term pump and dump and a meme, just as I saw it, then obviously everything changes because you get a godfather like Elon Musk, a simple tweet and Elon moves masses, causes emotions and takes advantage of that fame to move the Doge market in his favor.

Currently I see Doge as a not so different currency but with a pump more likely to occur, some wait for the coin at 1USD to sell, I think that if it reaches 1USD it will be a massive dump, as long as Elon Musk continues to say that he does not mind buying in a relatively low price, many will want to buy, place a sell order at 1USD and go. I see purely speculative market potential, that's how I see Doge, especially now that Elon Musk launched the BTC bombing with the carbon issue ...

santiPOGI

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

I don't agree with your thought, your opinion or assessment for me was definitely wrong or mistakes, sorry mate but I am just stating
the fact and reality. I also don't believe in the management of Elon Musk, because obviously He is just manipulating the people who are hyped with Dogecoin. And none of us here are free to hold or sell the coin we have anytime we want to do it.

Distinctin

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Please don't get fooled with that hopes as Dogecoin is not as sustainable you see. It only in hypes because of Elon Musk, a sort of manipulation. Can you imagine what will happen if Elon stops manipulating the market? You will be wrong if you will keep holding Doge, better to take the opportunity while it has a good price because it can't be forever and for sure it wasn't sustaining. It will soon to dump and back to a shitcoin again.

crzy

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Its not profitable if you are still holding DOGE without selling it on its peak, and buying back again when it dumped, this is why many traders are more successful compare to the hodlers, because they always take profit and use it to reinvest into other things and repeat that strategy. I don't know if the data with the US and EU communities are legit, its hard to tell but if you're planning to hold DOGE for long term, that's your call.

nurilham

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I am wondering when all people are only holding Doge and not trading it, what will happen? What's about the trading volume and other aspects?
Trading and investing are both good for every individual because they always have their own decision to take it.
What makes it worse is about panic people to buy and sell that can make the price really high pump and dump so easily.
So, it is your own decision to hold or trade, if I personally, I will prefer to trade Doge with its high risk because we know Doge coin.

ningrum

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everyone has their own way, so we can't sue that person to be the same as you do, doge to hold or invest? or doge for trading? for me, it is buying doge for trading, because if I invest it is very risky the reason is that Doge has always been known as a pump and dump coin, so it is only natural that many crypto veterans think like that.

AmoreJaz

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Quote from: Hamphser on May 12, 2021, 11:40:23 AM

Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

You wont able to know on whose actually been holding the most coins of DOGE or does have purchased big due to anonymity and you can be sure about US and EU community are the only ones who had been dealing with it.

On the question if its really not to be traded? Then how it would able to attain those higher peaks in terms of price if demand between buyers and sellers wouldnt exist on the first place?

You had forgotten on what are the factors needing for an improving market and that one doesnt involved any trades wont fit out on the criteria.

active trading is needed for this coin to survive. without it, if people will just hold it hoping that it will further increase its price, then he's wrong. elon's tweets are helping with the popularity of doge these days, but if it will not be used for any purpose, it may return to where it was. but luckily, it seems elon is looking for ways on how to further strengthen the presence of doge in the market, by asking if Tesla will accept doge, he is creating a stronger use case for doge, if it will be added in their payment method. so we need active trading for this coin to achieve better price in the market, not just by holding it.

goldade

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

As much as I'd love to believe you, you should know that it isn't just Elon Musk that's going to determine the price of doge. What do think determines the price of a coin? Do you think it's only when it's shilled by an influencer?
The price of a coin is majorly affected by the law of demand and supply and this is brought into effect by traders who actively buy and sell these coins. I do write off the fact that it is very possible for an influencer to make a coin pump but that's not the major reason coins pump.
While I believe that hodling dogecoin could yield tremendous profits, its price wouldn't increase significantly if no one is trading it

Gozie51

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Dogecoin has risen not only because people buy it to hodl but it is also traded that is why it has grown in volume of trade and value in price. Apart from Elon musk tweets , I think the community is beginning to build interest with doge and such interest is meaning buying, exchanging or trading it against other coins. Certainly it should be traded, used for transactions of buying and selling which will cause volume and price to rise.

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Quote from: Tiaraairdrop on May 12, 2021, 11:16:52 AM

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

You wont able to know on whose actually been holding the most coins of DOGE or does have purchased big due to anonymity and you can be sure about US and EU community are the only ones who had been dealing with it.

On the question if its really not to be traded? Then how it would able to attain those higher peaks in terms of price if demand between buyers and sellers wouldnt exist on the first place?

You had forgotten on what are the factors needing for an improving market and that one doesnt involved any trades wont fit out on the criteria.

Topic: Doge is to hold should not be trading - page 12. (Read 1991 times)