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Topic: Dogecoin become more stable than Bitcoin (Read 329 times)

legendary
Activity: 1512
Merit: 1005
June 06, 2021, 07:18:13 PM
#52
It is impossible for Doge to become a more stable coin than Bitcoin. I am one hundred percent sure that Doge cannot be a more stable coin than Litecoin. The principle is very simple - the main thing is that Doge is just a meme coin and it is based on what the community says and has no usefulness whatsoever. That's all.
legendary
Activity: 2604
Merit: 2353
Dogeocoin couple of days 0.5% minus only. It became a stable coin  Grin

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.
How do you know people are holding it? If nobody is selling it how could Dogecoin remains stable? It would mean that no one is buying it either otherwise Dogecoin would climb up. I don't think more people are holding it I just think more people are selling it when it rises too much and more people are buying it when it goes down.
legendary
Activity: 2954
Merit: 1050
Leading Crypto Sports Betting & Casino Platform
How is it became stable coin if just a single tweet of a famous person will have a huge effect of the market price of dogecoin? Dogecoin is never comparable to dogecoin since they have a huge difference and ecosystem.

Well said! it's not a stable coin or  I mean it's not having getting stable value as it was influence more by Musk, just a tweet away and the value will move according to  what his opinion.

Is more on manipulative direction and not because of natural market cycle, unlike bitcoin where you'll see from time to time there's a season that make it valuable and season that investors are resting some are pulling their investment and use it for their personal use.

It's not comparable, Bitcoin moves and most alts will move as well.
full member
Activity: 150
Merit: 100
Come back after one year and see how silly you feel after saying that. Or in fact even come back after 6 months if not earlier. Stablecoins are a class of their own, and are meant to be stable. Even fiat currencies see daily volatility, but crypto is known to be at the extremes.

You tell me how much DOGE was 6 months ago:)
You are right, if it's not a stablecoin, it can never be a stablecoin. The mere fact, that Elon Musk tweets were all it took to get Doge running amok is all the fact we need to see, Doge cannot be said to be stable and much so if we take its unlimited supply into account.
jr. member
Activity: 619
Merit: 1
Doge coin has made significant progress in such a short time, and it is not getting more stable in comparison to bitcoin, whose scalability and profitability in the top spot have been tested for many years. How did it become a stable cryptocurrency if a single tweet from a celebrity may have such a large impact on the market price of dogecoin? Since they have a hu, dogecoin is never comparable to dogecoin.
member
Activity: 588
Merit: 10
-ethernity cloud-
Dogeocoin couple of days 0.5% minus only. It became a stable coin  Grin

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.



well, i dont think so. I think bitcoin will be more stable than dogecoin although right now bitcoin price is in dip but i think dogecoin is happening now because of Elon Musk tweet. we cannot judge dogecoin will be more stable only by this happening issue, I think we have to examine dogecoin to the fullest and then we can decide if it really worth it to invest to.
full member
Activity: 573
Merit: 100
Futurov
How is it became stable coin if just a single tweet of a famous person will have a huge effect of the market price of dogecoin? Dogecoin is never comparable to dogecoin since they have a huge difference and ecosystem.
member
Activity: 658
Merit: 10
Dogecoin has become very more stable than Bitcoin, this is because Dogecoin is still getting pumped from many factors, such as Elon Musk himself continues to pump Dogecoin, so the price of Doge can be more stable than btc, I hope that btc can skyrocket again to $60k.
legendary
Activity: 3010
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
I don't think you can call "Stable coin".

The basic thing should be any coin that was not getting backed by the stable commodity will never become a stable coin. A sentence if doge coin become more stable than bitcoin is just BS that used by the doge coin shill without try to see the reality in the market. Even bitcoin was volatile. They have no clue about what they have talked about.
Any dogecoin holders keep delusional to call this to be stable coin.
full member
Activity: 1190
Merit: 117
I don't really think you know what really is a stable coin but I got your point, but doge looks stable because the market cap and daily trading volume has grown significantly making small transaction have no impact to the market and
at the moment theres no shill or fud to doge market, everyone focused on bitcoin instead, if things like elon shill and fud to be happen again and targeted to doge its not gonna stay as stable as you think it is, big chance its gonna be pump and dump again.
Yes, I agree with you, doge looks stable because of the small trading volume and people no longer glance at this coin because there is no Musk and influencers shouting this meme coin. Ordinary people are very easily fooled by musk and others, while this coin technology has not been updated for a long time.

Actually, there are many factors that make the price of Dogecoin look stable and not as volatile as it was a few months before. The first factor may be
that the price of Bitcoin is also starting to stabilize at a price of $35-$38k, so the usual altcoins will follow include Dogecoin. The next factor is
no longer seen Elon Musk doing shillings, this is an important factor why Dogecoin is not too volatile. But if we look at the market now, it is very visible
that Dogecoin has started to rise again, will Dogecoin return to the ATH price soon?, we still have to monitor it for the next few weeks.
sr. member
Activity: 1092
Merit: 256
I don't really think you know what really is a stable coin but I got your point, but doge looks stable because the market cap and daily trading volume has grown significantly making small transaction have no impact to the market and
at the moment theres no shill or fud to doge market, everyone focused on bitcoin instead, if things like elon shill and fud to be happen again and targeted to doge its not gonna stay as stable as you think it is, big chance its gonna be pump and dump again.
Yes, I agree with you, doge looks stable because of the small trading volume and people no longer glance at this coin because there is no Musk and influencers shouting this meme coin. Ordinary people are very easily fooled by musk and others, while this coin technology has not been updated for a long time.
legendary
Activity: 2982
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I don't really think you know what really is a stable coin but I got your point, but doge looks stable because the market cap and daily trading volume has grown significantly making small transaction have no impact to the market and
at the moment theres no shill or fud to doge market, everyone focused on bitcoin instead, if things like elon shill and fud to be happen again and targeted to doge its not gonna stay as stable as you think it is, big chance its gonna be pump and dump again.
full member
Activity: 924
Merit: 100
With such a large supply and the supply is controlled in large quantities in several addresses.

I don't think you can call "Stable coin".

When the whales sell in a big amount, everyone will panic and "SAYONARA" for Doge.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
Doge has been in an eventual bearish trend, it seems that the Doge bulls are giving in to the current market changes, perhaps it is that most expect a greater decline in BTC, but it is just a matter of waiting:



Quote
The volatility in Dogecoin (DOGE) has reduced due to lack of aggressive buying or selling by traders. The moving averages have completed a bearish crossover and the RSI is in the negative territory, indicating the bears have the upper hand.

Source: https://cointelegraph.com/news/price-analysis-5-31-btc-eth-bnb-ada-xrp-doge-dot-uni-icp-bch

I would not say that it is more stable than BTC, I would say that it is falling much lower than when Elon Musk launched his first tweet in favor of Doge, let's wait to see how far this theory can develop.
hero member
Activity: 2786
Merit: 578
Ok, yes doge coin was and now is popular but this point regarding stabillity is under big question. We cant still compare doge and btc.
Accurately.

People tend to compare bitcoin and Dogecoin. The two has gone far from the peak that it had. Dogecoin got alive because of Elon Musk's tweets. While bitcoin has been living and being talked about by most of the people of the world freely without any popular guy.

We shall see how both of these will go by far when the market goes back its stability for both coins.
hero member
Activity: 2996
Merit: 609
Dogeocoin couple of days 0.5% minus only. It became a stable coin  Grin

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.


You dont know on what "stable" word means.Yes, it might having no big movement but that one can be considered to be stable? No its not because there are several factors or reasons
on why its not moving.

-No high liquidity or volume
-People are waiting for next move (Hesitance).

Try to look at on next shills or fuds that would happen to Doge, for sure you would able to see wide swings into the price.So better not to make out conclusions because
crypto coins arent stable at all aside from stablecoiins which is normal.
legendary
Activity: 1820
Merit: 966
In Search of Incredible
Also, if people more confident to invest, ofc they will average down their last entry (bcs i think most of them are trapped on the peak) and thats activity will increase doge price which we dont see atm.
Agree with that, a lot of investor got trapped by investing in dogecoin at the peak price. Now they are holding their dogecoin as they have no other option left. Investors will face a huge loss if they sell their coins at lower price. People aren't investing in dogecoin by being confident. Everything happened for the manipulation. But the manipulation is no longer working, people realized everything now. If people had confidence in dogecoin then the price would recover quickly from this point without showing stability.
legendary
Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
Dogeocoin couple of days 0.5% minus only. It became a stable coin  Grin

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.


Wjhy not check the market now and tell us if Dogecoin is still stable than Bitcoin

https://coinmarketcap.com/

Dogecoin drops more than half of Its ATH while Bitcoin is only fall by 40+% as of this moment.

Exactly! People are looking at BTC DOGE value so they think it's stable but Bitcoin has been losing value against USD while DOGE is losing value over BTC, so the dollar value is far worse for DOGE, same for almost every alt commonly traded against Bitcoin. People don't learn that's the problem.
hero member
Activity: 2002
Merit: 535
Dogeocoin couple of days 0.5% minus only. It became a stable coin  Grin
Yes good luck with the stable coin theory  Cheesy. People are investing in Doge whenever there is a correction hoping that they would get a good profit and you cannot complain.

People feel more confident to invest now in dogecoin.
Seems like it stop being a pump and dump and people hold it long term.
May be the new users are more confident in investing in Dogecoin, i did not touch Doge after the market rallied and i wont be investing in them anytime soon but that will be a coin i will be holding when the market settles down and hopefully will make the same profit during the next rally as well.
legendary
Activity: 3080
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
Meme is meme and doge will never be a stable coin. I think that anyone should stop dream to see the price of doge coin will be very stable consider the fact that it was getting dumped after bitcoin already suffered big dump due to the bearish trend. Doge will remain as a meme coin that will never stable. Bitcoin was not a stable coin as well and i think that you misinterpret about that OP.
You must try to learn more about what was the definition of the stable coin. You have no clue about that. All of coins that were not backed by stable asset will remain unstable.
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