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Topic: Dogecoin really flying off the handle this morning (Read 1787 times)

hero member
Activity: 1470
Merit: 608
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Hmm I think it'd be better if it drops. Diff is going up fast ;/

When difficulty is going up fast means much more hashing power, computers, included into the mining. The purpose of that is in the preventing of successful mining bigger amounts of coins and dumping immediatelly. That means it is controlled by organizers mostly, at least at the beginning of the pump.

See at the chart on Dec 19, DOGE was at high of 0.02000000. That was initial pump. Now, todays pumped DOGE is still below 0.00000100.

Buy low, sell high is the rule. It means buy at the beginning of the rise, not at the end.

full member
Activity: 322
Merit: 101
Hmm I think it'd be better if it drops. Diff is going up fast ;/
full member
Activity: 224
Merit: 100
hope the price can hold.
legendary
Activity: 1022
Merit: 1000
No doubt this has been an impressive pump.  From ~40 satoshi to 70+.  It will be an interesting ride.  I have been very impressed with Dogecoin's resilience, it had and earlier run up and then run down (to the 20s) and has now rebounded nicely.  For a "joke" coin I think it has done amazingly well, no matter what happens from here.
hero member
Activity: 672
Merit: 501
It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.



Is that a bad thing? I mean if the coin is being traded at high values, then people are mining it, and if it has a high value, then people are using it..this is how stocks work, right? Obviously enough people think Dogecoin has value. You can't really dismiss this sort of market volume.

its a good thing because there is volume. but its a zero-sum game, for someone to win, some needs to lose. Miners who dump always win because they want btc. traders who pump win. the ones who lose are the one who buy high and sell low. remember that if a coin is at the top of coinchoose/coinwars, its going to hit with hashrate that only cares about mining and dumping. these prices won't hold, expect a pull back.

This, more so true now there are multiple multi pools out there. Which is good because your pulling hash away from other coins, letting the dif drop and us who dont buy into the hype mine other coins waiting for the rise in price on our coins.

Plus its the weekend, the normal followers are now active. Price wont hold.
legendary
Activity: 1232
Merit: 1000
we are trading back down to 60 satoshis. this represents over a 10% drop from 24 hour highs. Amazing how much cryptos can move. Doge as a currency, to me, will never catch on. Doge as a trading vehicle it is prefect, plenty of money to be made and lost.
legendary
Activity: 1232
Merit: 1000
It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.



Is that a bad thing? I mean if the coin is being traded at high values, then people are mining it, and if it has a high value, then people are using it..this is how stocks work, right? Obviously enough people think Dogecoin has value. You can't really dismiss this sort of market volume.

its a good thing because there is volume. but its a zero-sum game, for someone to win, some needs to lose. Miners who dump always win because they want btc. traders who pump win. the ones who lose are the one who buy high and sell low. remember that if a coin is at the top of coinchoose/coinwars, its going to hit with hashrate that only cares about mining and dumping. these prices won't hold, expect a pull back.
hero member
Activity: 680
Merit: 500
Doge got a lot of people outside of crypto interested in crypto, since it was so widely distributed. And as they own Doge the first thing they buy is more Doge, naturally!
hero member
Activity: 532
Merit: 500
It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.



Is that a bad thing? I mean if the coin is being traded at high values, then people are mining it, and if it has a high value, then people are using it..this is how stocks work, right? Obviously enough people think Dogecoin has value. You can't really dismiss this sort of market volume.
legendary
Activity: 1232
Merit: 1000
It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.

legendary
Activity: 1232
Merit: 1000
I only own a very small amount of dogecoins (about 250,000).  I bought them for .1 btc (about $78 at the time)  I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later.  Hoping this lottery ticket pays off in a few years.  Smiley
wtf you spend $150 per month on lottery tickets...

I was spending about $20 every drawing...2 drawings per week, so probably a bit more.  I haven't played lotto since Christmas though since I've been buying Crytpos.   Why?  Is $150 a lot of money to you?   Tongue

this is what I thought...some people play $100 a week in lotto and its chump change to them. I know millionaires who play the lotto because the money goes to help the province so in the end they don't mind.
hero member
Activity: 532
Merit: 500
It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.
full member
Activity: 210
Merit: 100
I only own a very small amount of dogecoins (about 250,000).  I bought them for .1 btc (about $78 at the time)  I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later.  Hoping this lottery ticket pays off in a few years.  Smiley
wtf you spend $150 per month on lottery tickets...

I was spending about $20 every drawing...2 drawings per week, so probably a bit more.  I haven't played lotto since Christmas though since I've been buying Crytpos.   Why?  Is $150 a lot of money to you?   Tongue
How do I Neg rep you?
member
Activity: 60
Merit: 10
I only own a very small amount of dogecoins (about 250,000).  I bought them for .1 btc (about $78 at the time)  I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later.  Hoping this lottery ticket pays off in a few years.  Smiley
wtf you spend $150 per month on lottery tickets...

I was spending about $20 every drawing...2 drawings per week, so probably a bit more.  I haven't played lotto since Christmas though since I've been buying Crytpos.   Why?  Is $150 a lot of money to you?   Tongue
member
Activity: 266
Merit: 10
I only own a very small amount of dogecoins (about 250,000).  I bought them for .1 btc (about $78 at the time)  I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later.  Hoping this lottery ticket pays off in a few years.  Smiley
wtf you spend $150 per month on lottery tickets...
member
Activity: 60
Merit: 10
I only own a very small amount of dogecoins (about 250,000).  I bought them for .1 btc (about $78 at the time)  I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later.  Hoping this lottery ticket pays off in a few years.  Smiley
legendary
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
Dogs have brains?
sr. member
Activity: 462
Merit: 253
its a pump...you know what comes after a pump right?

Wrong! the days of pump and dump are over. Look at the size of the buy and sell orders, very few peeps have the portfolio to pump something of this magnitude. Its going up for real and so are all the Alts! DOGE is the new leading indicator for the ALTS.

BTW I don't own any DOGE, also I hope you made out on the IFC rise over 500! Way back in september on cyrptsy chat I suggested you hold IFC and you would eventually profit.

That's quite true. This weekend and the coming week will be grand.
sr. member
Activity: 336
Merit: 250
Such cute doge.
sr. member
Activity: 492
Merit: 250
its a pump...you know what comes after a pump right?

Wrong! the days of pump and dump are over. Look at the size of the buy and sell orders, very few peeps have the portfolio to pump something of this magnitude. Its going up for real and so are all the Alts! DOGE is the new leading indicator for the ALTS.

BTW I don't own any DOGE, also I hope you made out on the IFC rise over 500! Way back in september on cyrptsy chat I suggested you hold IFC and you would eventually profit.
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