Dogecoin become more stable than Bitcoin - page 3.

Tumanggor

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1xBit.. recovered their reputation

Quote from: Trixoempire on May 16, 2021, 11:09:20 AM

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.

because the price is still relatively cheap, you see that Dogecoin is more stable than Bitcoin
I see the price of Dogecoin as more volatile and very risky than Bitcoin

what makes Dogecoin Bull is Elon and that's undeniable
I do not recommend you to invest in Doge because someday Elon may not like Doge anymore and you will bite your fingers Cheesy

sapnu

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Let us not forget how much Elon Musk contributed to the growth of Dogecoin and how high is the probability that it would soon go down once Elon gets what he want from it. I don't think people should feel confident about investing on Dogecoin and it should not be compared to bitcoin specially with regards to stability. Dogecoin has a long way to go before it can even get near from bitcoin. If you still believe in Doge after all the things people are speculating about it, think again and it might be a life saver for you one day.

malcovi2

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strange isn't it?
Thats what Elon wants you to think.

slaman29

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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:)

Ziskinberg

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There's no other stable coin in the market than a "stable coin" itself. other altcoins are still highly volatile. Look at the market now, bitcoin is dumping and we are also seeing that altcoins are following the movement. Today, Dogecoin is down 9%, and it doesn't look good as bitcoin is struggling and we know that altcoins will not survive if bitcoin is dumping.

TastyChillySauce00

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Only temprarily though, not to mention if you look at the chart from longer time frame it has more fluctuation than bitcoin meanwhile bitcoin is just doing sideways for the past few weeks and only now it got price dumping.
But then again, is there really such thing as stable decentralized crypto though? I definitely doubt if there's any and each crypto has their own time of being very volatile same thing with doge, this week it's stable next week it could move
so significantly.

btcsmlcmnr

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Quote from: Trixoempire on May 16, 2021, 11:09:20 AM

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.

Dogecoin is as same as other shit altcoins. It is a very highly speculative cryptocurrency and you can not say it is a stable coin. Never it is like that.

Any cryptocurrency will have some periods that they have price fluctuations in a very insignificant narrow range. You can see such fluctuations as silence before storms. Storms can be soars or plummets.

What are you waiting for Dogecoin after this temp stable time? Soar or plummet?

asriloni

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It goes down from 75 cents to the 49 as per the current price of doge coin. All of coins were affected by bitcoin and that's it. doge is not backed by anything and this is a meme coin. People are falling into the illusion if they were imagining that the doge coin will become a stable coin. People didn't try to take a look at the chart and doge is starting to go down again like another crypto.
people have no clue what's going on with the market. The 4 year cycle is happening now.

HaekalZ

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The price of Doge is more stable than the price of other coins due to Elon Musk who keeps tweeting about Dogecoin and the Dogecoin project going forward, therefore more investors are coming in and the price of Dogecoin, although only up 2%, is still more stable than other altcoins.

bhadz

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Quote from: Trixoempire on May 16, 2021, 11:09:20 AM

Dogeocoin couple of days 0.5% minus only. It became a stable coin Grin

Just this time because Musk is helping to retain its value while telling negative things about bitcoin.

Quote from: Trixoempire on May 16, 2021, 11:09:20 AM

People feel more confident to invest now in dogecoin.

I don't think many are confident about it. It's only temporary and once Musk starts to sell just as the same as bitcoin, you'll see a lot of Dogecoin holders to panic too and the whales of it.

Quote from: Trixoempire on May 16, 2021, 11:09:20 AM

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

Maybe because of him but we'll see how it will end up.

coco23

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Doge gained more than 1000% since the beginning of the year.... hardly a stablecoin Roll Eyes

Just because it moved relatively little in a few days it doesn't mean anything for a longer term.

Trixoempire

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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.

Topic: Dogecoin become more stable than Bitcoin - page 3. (Read 382 times)