Dogecoin with over 200% increased, what happen?

Myleschetty

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Quote from: Natalim on February 05, 2021, 07:44:39 AM

Dogecoin had some big dump today, reddish at 16% per https://coinmarketcap.com/currencies/dogecoin/

I know it's just temporary, the market is bullish so the sentiment is still there, but I don't expect that DOGE will break its current high this year.
I think slowly DOGE will dump back as its hype is going to die soon, no tweet no hype and tweet just have temporary effect.

Anything can still happen to Dogecoin either Elon Musk create any hype or not since we are currently in the cryptocurrency market bullish season but Doge is definitely a gambling coin that requires huge analysis and following Elon tweet and I hope people are aware of this.

manok jepang

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I think after this extraordinary increase, DOGE coin will be thrown out and drowned from the crypto market, for those of you who hold DOGE coin you can sell all your assets and move to other altcoins, don't expect much after this massive pump happens, maybe it is the manipulation of certain people to reap the benefits of DOGE coin, therefore you should not be lured into wasting your money on DOGE coin, there are still many other alcoins that are better than DOGE and very worthy of investing,

kapalmabur

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this is all because of elon mask's tweet on twitter which made Fomo to the community to buy Doge.
whether it is true that Elon Musk supports cryptocurrencies and Doge, or if someone reportedly hacked elon musk,
if this news is true then Doge will really be destroyed again, and return to support, one of the most volatile coins compared to bitcoin is Doge, so be careful/

Maslate

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Quote from: Kocret02 on February 05, 2021, 04:56:42 PM

Dogecoin is likely to be a token that is easy to pump and dump. right now I think we have to be able to condition if we want to be on Dogecoin. Do as quickly as possible to take advantage of the doge and don't survive the long term because it is risky.

There's no any token or coin in the market that is not easy to pump, the fact that we have whales who have big holdings, they can always move the price and with that manipulation they always make easy money, and that is by using their control in the market.

DOGE pump due to a tweet, it does not look good for people buying or riding the FOMO because anytime it will correct and dump, that's the risk we have to see and understand.

Kocret02

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Dogecoin is likely to be a token that is easy to pump and dump. right now I think we have to be able to condition if we want to be on Dogecoin. Do as quickly as possible to take advantage of the doge and don't survive the long term because it is risky.

aemma

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Many people do not really care about Doge coin and that is why it tends to remain stable in many cases but this past days has been great days for Doge coin holders, the first pump was surprising and made many people to gain a lot, it also took Doge coin to a higher position on coinmarketcap and the recent one from Elon musk twitter account really increased the price again; in as much as many people don't really have high regards for Doge but the long term holders really proved then wrong. As regards if the price will pump again, i think it might happen again as the two case scenarios shows it is a pump and dump coin, but however since no one can predict this space, if you want to indulge or invest in Doge coin, do well to do so with your spare money or money you can afford to lose.

seleme

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Quote from: ene1980 on February 05, 2021, 02:27:44 PM

Quote from: Natalim on February 05, 2021, 07:44:39 AM

I know it's just temporary, the market is bullish so the sentiment is still there, but I don't expect that DOGE will break its current high this year.
I think slowly DOGE will dump back as its hype is going to die soon, no tweet no hype and tweet just have temporary effect.

Who knows what will happen, i am waiting for the market to go down so that i would like to purchase some, usually i used to gamble with doge and with the price starting to rally i did indeed book my profit as i did not expect this rally when i purchased and now i am waiting for the market to go down so that i could gamble as usual Cheesy

.

The gambling websites widely this altcoin due to obvious reasons and I felt happy to find $400 worth Dogecoin on my Stake account. The gambling world is happier than even HODLing the cheap altcoins which pumped more than %300. The market is still crazy but the slowdown will happen sooner. The higher the DOGE goes high, I will be happier Wink

I wish I didn't lose the rest of the deposited DOGE on my gambling accounts but it is what it is, unfortunately.

ene1980

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Quote from: Natalim on February 05, 2021, 07:44:39 AM

I know it's just temporary, the market is bullish so the sentiment is still there, but I don't expect that DOGE will break its current high this year.
I think slowly DOGE will dump back as its hype is going to die soon, no tweet no hype and tweet just have temporary effect.

Who knows what will happen, i am waiting for the market to go down so that i would like to purchase some, usually i used to gamble with doge and with the price starting to rally i did indeed book my profit as i did not expect this rally when i purchased and now i am waiting for the market to go down so that i could gamble as usual Cheesy

.

bekti3

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Quote from: tabas on January 31, 2021, 04:43:04 AM

Even though Eth is with fees, I don't think it has something to do with an attack.

indeed for the Ethereum transaction network I agree that it has nothing to do with Spammer attacks. but on the contrary, I find Ethereum not friendly to small traders. example: a friend of mine complained that the cost of GAS keeps going up, he just wants to send $ 5 tokens, isn't it more expensive than the price of tokens to be sent.
I wondered if anyone was playing behind the scenes of Ethereum transactions? I miss GAS as cheap as before, which only costs 30-40 with a speed of 3 to 5 minutes.

darewaller

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Quote from: South Park on January 31, 2021, 01:36:01 PM

This is dogecoin just being dogecoin, dogecoin has a tendency of not doing much for months and then pump out of nowhere unexpectedly so I will not put too much attention to it, if you were invested in it then congratulations, if you did not then then do not bother as most likely it is too late already for anyone trying to chase profits to make money with dogecoin and they are better off trying to find other coins in which they can invest.

That is because price is cheap and people can buy a lot of it but the main reason is that people like to see having thousands of something as well, the market cap is not huge neither, it is not tiny neither but it is not a top 10 coin so it makes things easier. Plus it has been like this forever so people know that doge will pump eventually, it did recently and I can guarantee you that it will happen at least one more time this year again.

I guess it is a bit about how it was created as a fun/joke thing and nobody should have cared about it but they did, so it is a proof that decentralized currencies gives people power and that power allows them to do whatever they want with their money, which could be pumping some meme coin as well as long as they want to, it is a freedom of finances thing that is basically a stance and a message with dogecoin going so high time to time.

Natalim

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Dogecoin had some big dump today, reddish at 16% per https://coinmarketcap.com/currencies/dogecoin/

I know it's just temporary, the market is bullish so the sentiment is still there, but I don't expect that DOGE will break its current high this year.
I think slowly DOGE will dump back as its hype is going to die soon, no tweet no hype and tweet just have temporary effect.

jack05

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Dogecoin now rising again so, I just say keep your dogecoin safe. I thought the pump was over but there maybe more room to go. I'll buy a small portion as I have feeling second wave coming. Looks like a party time, however I have some doubt as well.

I didn't buy more DOGE but I sold only 30% for about $0.05 from what I have. I also have a feeling this is not the end of the party. Today they are supposed to announce what the eyes will be focused on. I have suspicions that this will be the second wave of DOGE. Grin

jerry0

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So wouldn't it mean if you know when the ppl will start buying the coin to pump it up... reddit ppl.. then you should get ready to buy immediately?

sayaya17

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We have to be faster and more responsive when there is a typical pump by doge. Typical pump doge this time is very high indeed from
previous years. Surely the doge is dumping after this, and I wouldn’t miss buying a doge at a cheap price. Who’s smart he’ll profit from
a pumping doge. Just have to be patient to hold the doge, maybe it’s just a year holding it. Then buy it back.

South Park

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Quote from: Natalim on January 28, 2021, 05:46:44 PM

https://coinmarketcap.com/currencies/dogecoin/

I'm surprised with what I see, I thought doge will remain stagnant with its price but suddenly this one displayed when I log in.

What could be the reason on this big pump, and do you think we will see further pump or it's just a typical pump and dump?

This is dogecoin just being dogecoin, dogecoin has a tendency of not doing much for months and then pump out of nowhere unexpectedly so I will not put too much attention to it, if you were invested in it then congratulations, if you did not then then do not bother as most likely it is too late already for anyone trying to chase profits to make money with dogecoin and they are better off trying to find other coins in which they can invest.

Clement Kaliyar

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Quote from: TheGreatPython on January 31, 2021, 11:34:26 AM

Honestly if you got into dogecoin because of a tweet or a group and lost money that is a bit on you. There are tons of pump and dump groups online that you can find, they are specially in telegram, and they try to pump and dump small coins as well. The early ones that invest will be the ones that make huge amounts of profit, having 5+ times profit in a single day from one trade would be like a dream for anyone, however there are people who bought it during that 600%+ increase and now lost a ton of money as well, so early ones make profit but their profit comes from those late ones.

The mistake everyone does is to invest when the market is rallying and that is not how you profit from this market, even if you are in a group that has the influence to pump a coin you cannot trust them all the time and i am not sure whether the reddit group is behind the dogecoin pump but you can profit if you were holding the coin much before the rally.

Quote from: TheGreatPython on January 31, 2021, 11:34:26 AM

It is definitely not a thing that I would suggest anyone to do, even bitcoin increased way too much today and USA is asleep right now mostly, when they wake up it is going to go up even more, but I will not buy even with that knowledge, why? Because I do not want to risk it for when it goes down inevitably.

All the market is in negative, i will not invest during a pump as the market could retract soon and that is what happened a couple of days ago. The price rallied but now we are seeing a correction in a short period.

matchi2011

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Quote from: jerry0 on January 31, 2021, 02:42:21 AM

Im curious but when this happens, what percentage of ppl who bought doge still own it now? I mean the ones that bought it at two cents or so... i got to assume most sold it when it at least doubled right? Also when it was being bought... who was actually selling it?

For example if you owned dogecoin and want to sell it... when the pump happened... wouldn't you not want to sell because the price keep going up etc? I assume only ppl who put like an order of automatically sell their dogecoin at two cent or whatever amount, were the ones that mostly sold it when the pump was happening?

Nature of being a trader, you sell it out when you already got the value that you aim to have, profits is very important as it will
bring decent amount of money that you wanted to have.

If you own Doge then the value rises up double or triple your desire will lead you to sell it, it's already good profits that await
your investment for sure you'll take it right away.

TheGreatPython

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Quote from: Natalim on January 28, 2021, 05:46:44 PM

I'm surprised with what I see, I thought doge will remain stagnant with its price but suddenly this one displayed when I log in.

What could be the reason on this big pump, and do you think we will see further pump or it's just a typical pump and dump?

Honestly if you got into dogecoin because of a tweet or a group and lost money that is a bit on you. There are tons of pump and dump groups online that you can find, they are specially in telegram, and they try to pump and dump small coins as well. The early ones that invest will be the ones that make huge amounts of profit, having 5+ times profit in a single day from one trade would be like a dream for anyone, however there are people who bought it during that 600%+ increase and now lost a ton of money as well, so early ones make profit but their profit comes from those late ones.

It is definitely not a thing that I would suggest anyone to do, even bitcoin increased way too much today and USA is asleep right now mostly, when they wake up it is going to go up even more, but I will not buy even with that knowledge, why? Because I do not want to risk it for when it goes down inevitably.

tabas

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Quote from: ?? on ??

Everyone is talking about DOGE. Many coin holders are very happy with this turn of events, and this is understandable. But it seems to me not so simple. No matter how great joy turns into sadness. There is information that there is some kind of attack on the network and no one can pour coins on exchanges for sale.

I don't think that there's an issue with attacking the network. If there is, most of the time its bitcoin and ethereum that's being attacked with network spam.
But with the surge and pump of Dogecoin, I have not seen any attack through those popular networks which are always the target of spammers to make it slow and high in fees. Even though Eth is with fees, I don't think it has something to do with an attack.

jerry0

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Im curious but when this happens, what percentage of ppl who bought doge still own it now? I mean the ones that bought it at two cents or so... i got to assume most sold it when it at least doubled right? Also when it was being bought... who was actually selling it?

For example if you owned dogecoin and want to sell it... when the pump happened... wouldn't you not want to sell because the price keep going up etc? I assume only ppl who put like an order of automatically sell their dogecoin at two cent or whatever amount, were the ones that mostly sold it when the pump was happening?

Topic: Dogecoin with over 200% increased, what happen? (Read 491 times)