Dogecoin goes down while total market is going up??? - page 2.

chutchmcgillicutty

sr. member

Activity: 406

Merit: 251

Quote from: pranazzs on April 24, 2018, 10:33:03 PM

Take a look at the dogecoin charts yesterday, because the price of dogecoins rose almost 2x, so now traders sell their doge for profit. yes that's normal!

Yeah. Looks like a classic case of P&D

That's what we call a pump and dump in the biz

You'll catch on youngsta

Wink

Herbert2020

legendary

Activity: 1946

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Doge coin was one of those altcoins that was pumped recently while the market was not moving at all. there were actually a couple of them that started getting pumps at those times. and whenever an altcoin is pumped they will have a dump coming for them. you can never escape the dump of a pump and dump ever.
and what you are seeing today is the dump part of it. it may be slower and not as severe since price of bitcoin is rising but it is happening.

maman567

member

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Merit: 10

I am not really trust about this altcoin, I have seen before doge coin have raise and have on high price about 100 satoshi and more, but now we have look and check the price of doge coin still down. Maybe because many supply of this coin it why their doge coin price still low and difficult to be on high price. I have money I would like to buy ico coin than have to buy doge coin, we know doge coin it to slow on high price.

JanCoppens

newbie

Activity: 154

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Quote from: nguyenthicamtu on April 24, 2018, 09:45:33 PM

I am investing on Dogecoin. Some recent days, I see total market is going up but Dogecoin goes down, I don't know why. Everyone who have informations about Dogecoin can tell me the reason??. Hope to receive your comments

Why would you invest in Dogecoin? I do not see any added value compared to bitcoin. This coin can only lose imo.

hashie

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If you look at the daily chart, it falls. But if you look for a month, you will see that dogecoin has grown already 2 times. Therefore now there is a usual correction of a coin

marcbitcoins

full member

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Quote from: nguyenthicamtu on April 24, 2018, 09:45:33 PM

I am investing on Dogecoin. Some recent days, I see total market is going up but Dogecoin goes down, I don't know why. Everyone who have informations about Dogecoin can tell me the reason??. Hope to receive your comments

In my own opinion maybe the investors are convinced that the commodity of this coin is not feasible to the masses and that is why they dump this coin then never buy again. If this will continue sooner or later this coin will be going to crap so better if you review well the market of this coin like the behavior of the commodity or the team is active of promoting this coin because if they did not then it will be a sure lose of your investments. Good luck

anggriani

sr. member

Activity: 630

Merit: 251

Quote from: nguyenthicamtu on April 24, 2018, 09:45:33 PM

I am investing on Dogecoin. Some recent days, I see total market is going up but Dogecoin goes down, I don't know why. Everyone who have informations about Dogecoin can tell me the reason??. Hope to receive your comments

no need to worry about this decrease, I think the average of other alt like ltc, iota, ada and others also decreased. this is only a small correction before they reach ATH in the near future, continue to hold your doge.

Seetheummerallyeah

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Quote from: nguyenthicamtu on April 24, 2018, 09:45:33 PM

I am investing on Dogecoin. Some recent days, I see total market is going up but Dogecoin goes down, I don't know why. Everyone who have informations about Dogecoin can tell me the reason??. Hope to receive your comments

I guess you bought at the highest point? You do realize DOGE is up a decent amount compared to a month ago right?

mastersay

jr. member

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Its just normal when we invest in a coin, you should not focus on expecting good news, also expect bad news, expect dip price, its completely normal in the market of cryptocurrency. The price was volatile, and only relies on the supply and demand. Glad i could help

dalesotpi

newbie

Activity: 126

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Quote from: annicketucufaw on April 24, 2018, 09:49:20 PM

The possible main reason why Dogecoin is going down is only because there more people who are selling their coins. If more people are selling than buying, the price will go down. As people will make the price lower so that they can sell their coin fast, others will do the same. The result will be price down, this is very normal. If more people will just hold their coins and more will buy doges, price will go up. The same will law of supply and demand.

yes this may be the reason why, the usual concept of supply and demand. But what baffles me is the fact that there are still those people that expresses interest for investing in Dogecoins. There are a lot of negative feedback about it such as discouraging investing and holding it long term. For many years now Dogecoin hasn't been growing but decreasing. Although Dogecoin also has its practical use due to very low transaction costs in comparison to other alts, but stil, it is not a good investment if your looking for long term hold and profit.

pranazzs

member

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Take a look at the dogecoin charts yesterday, because the price of dogecoins rose almost 2x, so now traders sell their doge for profit. yes that's normal!

Gifolote

member

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maybe you have invested in a failed project and the coin has exhausted its prospects

cryptofirm

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Quote from: nguyenthicamtu on April 24, 2018, 09:45:33 PM

I am investing on Dogecoin. Some recent days, I see total market is going up but Dogecoin goes down, I don't know why. Everyone who have informations about Dogecoin can tell me the reason??. Hope to receive your comments

seems most of traders and investors of dogecoin move their funds from dogecoin to bitcoin
so, while markets going up, but dogecoin is down because of that movement

annicketucufaw

member

Activity: 378

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The possible main reason why Dogecoin is going down is only because there more people who are selling their coins. If more people are selling than buying, the price will go down. As people will make the price lower so that they can sell their coin fast, others will do the same. The result will be price down, this is very normal. If more people will just hold their coins and more will buy doges, price will go up. The same will law of supply and demand.

nguyenthicamtu

newbie

Activity: 112

Merit: 0

I am investing on Dogecoin. Some recent days, I see total market is going up but Dogecoin goes down, I don't know why. Everyone who have informations about Dogecoin can tell me the reason??. Hope to receive your comments

Topic: Dogecoin goes down while total market is going up??? - page 2. (Read 206 times)