Dogecoin is now being pumped with BTC

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Quote from: redwine49 on May 05, 2021, 07:44:34 AM

Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

How do you know about that?? Please explain
Doge/BTC pair has more volume than another pair?

Quote from: WalkerIVIV on May 05, 2021, 12:03:06 AM

Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

It's too late. so many newbies have joined in the doge coin pump and the whaes have been giving them all very big profit.
The whales will never try to sell their doge coin for bitcoin again. People are strongly hodling both bitcoin and doge coins. There are lots of my friends owned bitcoin and doge coin.
The fact that the hype already made so many people thought that if doge could become the next bitcoin.

We are not sure about that. I have more than 20 exchange account and there is only one exchange which put doge to be major pair.
Thats mercatox exchange

Did you manage to withdraw dogecoin from mercatox this year?

redwine49

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

How do you know about that?? Please explain
Doge/BTC pair has more volume than another pair?

Quote from: WalkerIVIV on May 05, 2021, 12:03:06 AM

Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

It's too late. so many newbies have joined in the doge coin pump and the whaes have been giving them all very big profit.
The whales will never try to sell their doge coin for bitcoin again. People are strongly hodling both bitcoin and doge coins. There are lots of my friends owned bitcoin and doge coin.
The fact that the hype already made so many people thought that if doge could become the next bitcoin.

We are not sure about that. I have more than 20 exchange account and there is only one exchange which put doge to be major pair.
Thats mercatox exchange

virtualdn

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Quote from: Luffygroove on May 05, 2021, 06:39:42 AM

There are two opposite feelings in me regarding the DOGE hype by Elon Musk. In one side, I feel happy because a big figure like Elon Musk was starting to acknowledge how amazing cryptocurrencies are. But on another side, I feel disappointed, why it has to be Doge, a meme coin without certain utility. There are so many projects with amazing use cases out there that can be introduced to common people. I'm afraid with this kind of hype, the crypto world is only known as a dump and pump scheme without any clear purpose.

Yup this brings a shadow over the crypto market and especially when the Dogecoin bubble will burst there will be many people disappointed and with their money lost.

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There are two opposite feelings in me regarding the DOGE hype by Elon Musk. In one side, I feel happy because a big figure like Elon Musk was starting to acknowledge how amazing cryptocurrencies are. But on another side, I feel disappointed, why it has to be Doge, a meme coin without certain utility. There are so many projects with amazing use cases out there that can be introduced to common people. I'm afraid with this kind of hype, the crypto world is only known as a dump and pump scheme without any clear purpose.

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Quote from: so98nn on May 04, 2021, 09:20:21 AM

Quote from: jossiel on May 04, 2021, 08:36:50 AM

BTC's dominance is decreasing.

Yes, you're right. It's always like that in that case. The whales would always turn back to btc after making some sweet profits. This is the time for those altcoins and the money is with them.

But after that, you know what's going to be next. Things will return to btc again.

Yes, within couple of months dogecoin's market cap reached 65 Billion USD and that's just unbelievable thing to happen to any altcoin in the history of crypto currency. It is literally a triplicate of what it had in the earlier days. With Elon's strategy of tweeting in between, the coin is gonna be pumped by public power with endless hopes!

The dominance might be increasing because that's what Elon wanted to happen and who knows he just want to see or imagine the DOGE at #1 position? Dam if DOGE even hit 1 USD people will not sell this coin, they will buy more and more out of FOMO.

Then there would be mentality that DOGE might be the next BTC so just buy and hope that DOGE would hit couple of 100's in years to come.

So yeah, it's good to have some chunks of this coin in your wallet at all times.

I think it's the opposite if ever Dogecoin will reach $1. There will be a lot that will be in FOMO but mostly, they're going to sell it and won't let it pass the opportunity of taking their profits.

We'll just ignore those holders that will have that mentality who will think that it's next to BTC. It's a mistake for those holders that have seen it hitting up and won't take profit.

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looking at the current market scheme, it seems that Doge is not affected by the market situation that occurs. when all the alt flushed red, the price of DOGE continued to increase, just like what is happening today. so fantastic ...

Its all about that price are still going to the up after doing a tweet by Musk. I think its a huge trap for newbie investor who just get enter to the market and getting a news and put his all capital on it. They will surel make loss as i read tge market. However its still Doge is a good project but look like over priced to me.

Altcoinsintel

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Looks like the beginning of the end. Dominance of Bitcoin is going down fast and altcoins are repeating their exponential pump as it happened in 2017. It was the same then, thousands of altcoins including too many scams and too many vaporware were found to be valued at extreme prices.
It is a huge warning to see Dogecoin this high for the whole market. Maybe they can keep pumping it and make it to $10, it will still be worth less than a penny in fair value terms.

maxreish

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Literally, Elon Musk has a power to push up the price of this meme coin. Considering owning millions of dogecoins with so many wallets, the movement of the price will be easily manipulated by them.

I remembered the price of dogecoin today was the price of xrp before, too. The path of xrp has been repeating by doge's way of pumping when its come to the price. But then again, the question is, what is the great use of this coin? The development perhaps is obviously stagnant and was just being pumped

lxiaoh

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Agreed，just some whale's trap, Doge just a bait, i am insist on this point, so i hold zero Doge now.
But it really hurts to see Doge pump and pump, but i keep whispered in my heart "it's a trap",over and over again to prevent invest in Doge,haha.

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Quote from: Dexion on May 05, 2021, 01:46:26 AM

Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Dogecoin is really crazy, the jump is amazing to the point of getting into the 4th position in crypto, the potential is inevitable, there is a huge risk to buy Dogecoin at this time considering its high price, but if in the future Dogecoin can do even higher, profits await.

I do not know what describes the current potential of Dogecoin, it continues to grow very rapidly, $ 0.6 and 4th place in crypto is an amazing achievement, and it is true, buying Dogecoin today will cause its own turmoil due to its high price, but if used for a long-term investment, Doge is a great choice, and as long as Elon Musk keeps his controversy and sticks with it, I'm sure Doge will show some amazing things over and over again.

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Dogecoin is really crazy, the jump is amazing to the point of getting into the 4th position in crypto, the potential is inevitable, there is a huge risk to buy Dogecoin at this time considering its high price, but if in the future Dogecoin can do even higher, profits await.

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The crypto world began to talk a lot about doges because the price was getting crazy over time ..
and many who invest in it ,, do not know later whether it will last long and can be valued at 1$/coin or vice versa..
I myself am a little afraid if I want to buy a Doge at this point, because the pump is very fast.. Cry

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

It's too late. so many newbies have joined in the doge coin pump and the whaes have been giving them all very big profit.
The whales will never try to sell their doge coin for bitcoin again. People are strongly hodling both bitcoin and doge coins. There are lots of my friends owned bitcoin and doge coin.
The fact that the hype already made so many people thought that if doge could become the next bitcoin.

crwth

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That's what I have thought of as well. Most of the coins that are pumping are inversely related to the direction of BTC. I guess this could be a great indicator of what you could do next towards knowing that it has pumped. It's scary to think about when it will go down, but it could be rewarding to ride the wave as well.

It's close to reaching $1. I think it will be close to it but not that close then go back down around $0.2 I guess.

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

but still, the people who were holding Doge back at this time had a huge advantage. Doge's price is now more than half way to $ 1. well, i honestly think that it's impossible to see Doge achieve that. however, it is even now possible. Right now I really believe that in the world of cryptocurrency, in terms of price, anything can happen.

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It looks like most of the money is on Dogecoin now. It can be seen from the very high increase even the volume of Doge in the Binance market is almost 3x the volume of BTC, a decline will probably occur if the price of Doge will fall in the near future.

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maybe all will come back to BTC if the time comes,

This is the crypto cycle. So many demand were moving to the doge coin but they will be going back again to the bitcoin. This is happening so many times. People are FOMOing doge coin right now
that's just the matter of time until those who have bought doge will come back again. Once a big news for bitcoin will come soon and I'm sure migration will be happening from doge coin to the bitcoin.
Doge coin was a meme coin and it's getting manipulated by the whales. I hope we will see that asap

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Nowadays Dogecoin is different because the community is so strong and Elon Musk is the main actor in the increase of Dogecoin. Currently, Dogecoin is most likely to reach the top 3 coinmarketcap with the highest volume, maybe Elon Musk will increase the price of Doge in order to be able to use Dogecoin as a payment tool to buy a car, Tesla, this could be the next surprise that makes Dogecoin more expensive than when the price of $0.6 could have increased much more drastically.

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Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

BTC's dominance is decreasing and it just shows that people right now are selling their Bitcoin just to invest into altcoins.
Is this the start of the altcoin season?? I know that some believe that it is and some are not.

With regards to DOGE pumping, the integration of E-toro to DOGE alongside with Musk's tweet really made DOGE into the 4th highest coin in terms of market cap. DOGE right now is very hyped and if you are planning to at least invest into it then think twice or even thrice. We've seen it went up this day and the next day it will go down very hard and there are some big time whales out there who are holding a huge chunk of DOGE.

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Quote from: adzino on May 04, 2021, 07:24:06 PM

Quote from: virtualdn on May 04, 2021, 07:16:17 AM

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Do you think doge will be able to reach $1? That would be crazy. And yeah, I am sure they are going to dump their dogecoin soon and get back into BTC. With BTC dropping right now, perfect opportunity for them to maximize their profit.
ETH seems to be doing good too. At least Ether isn't a joke coin (and getting pumped/manipulated) like dogecoin. Would be even better if people jumps back to ETH after dumping their doge.

That would be crazy if Doge reaches $1.00, but who can't tell? The current pump was the effect of Elon Musk tweet and many are joining the hype even if buying on top. It's not the question if Doge can reach $1.00, the question is how big the crash is if suddenly the whales move out of the bandwagon and goes back to bitcoin for more profits.

There could be newbies being trap because they buy on the top and the only way to get out is to sell at a loss. And this is what all these pumpers are going for, trap those newbies and make more money for them.

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