Why Dogecoin Is Crypto's Most Dangerous Joke - page 2.

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Quote from: Desmong on October 04, 2021, 05:46:51 PM

Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward.

Everything you have said can easily be attributed to any coin on the market. But coins like Doge, created for fun, will always be used for dumping and pumping. It is obvious that it is the dump and pump that is the entertainment for investors, for which such meme coins are created.

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Quote from: RealMalatesta on October 05, 2021, 02:58:45 PM

Quote from: ene1980 on October 03, 2021, 06:55:52 PM

Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.

It is true that majority of the investors are here in the market to earn a quick profit. They really do not care about the fundamentals of a project and there are many seed fund investors who negotiate big deals so that they will get huge amount of coins than the general public usually gets and those investors really do not care about the project and once that hits the market they will pump the coin and in the meantime book their profit as well.

I believe the quick profit part is not something that matters when it would be a memecoin. Sure you could make a profit from it but do you really want to risk that on a memecoin? I could invest into bitcoin and maybe I will make a profit, or maybe I won't make a profit but at least I know that bitcoin is a serious thing and even if I lose today, then I can wait and make a profit tomorrow.

However one thing I am pretty sure about dogecoin is that one day it will go down and it will stay down. Which is why the reward of making a good amount of profit from dogecoin comes with the risk of investing into some shitcoin that will be close to few satoshis one day, maybe not today but one day. Are you really sure you are willing to take that risk? I know I won't.

Dogecoin is only good when it was still hyped and a lot have been making profits, but now that Elon stops tweeting about it, its price really went down. Those who FOMO are mostly want nothing but quick profits, but after that i think they are already facing losses right now. Elon was just smart enough that maybe he has sold all his coins already when it was at the top, but for those who come to believe in dogecoin just because of an influencer, they must be regretting by now. There's nothing wrong investing in a meme coin as long it has its practical application so it won't lose its value because there is still its community supporting it.

livingfree

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Quote from: freedomgo on October 04, 2021, 04:00:10 PM

Quote from: livingfree on October 04, 2021, 11:42:47 AM

They have learned it the hard way.

They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.

It will always be a dangerous ground for all those who have believed in the hype and look at it now where the price of dogecoin is going. Its price is never as valuable as before and with the absence of Elon, everything will most likely to come to an end. And right now, i know those people who have been lured by the hype are already in regrets seeing themselves lossing while selling at a lower price. I hope this will serve as a lesson to those investors who are eager to make huge profits even if it means investing in those coins that have less potentials compared to those solid and well established coins.

I just wish them luck and they've learned the lesson so that they won't buy again just because of one person or influencer that they do think will make them rich.

These influencers are only taking care of their pockets and they have the advantage because they're truly influential and can make the market tank or rise with their few words.

RealMalatesta

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Quote from: ene1980 on October 03, 2021, 06:55:52 PM

Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.

It is true that majority of the investors are here in the market to earn a quick profit. They really do not care about the fundamentals of a project and there are many seed fund investors who negotiate big deals so that they will get huge amount of coins than the general public usually gets and those investors really do not care about the project and once that hits the market they will pump the coin and in the meantime book their profit as well.

I believe the quick profit part is not something that matters when it would be a memecoin. Sure you could make a profit from it but do you really want to risk that on a memecoin? I could invest into bitcoin and maybe I will make a profit, or maybe I won't make a profit but at least I know that bitcoin is a serious thing and even if I lose today, then I can wait and make a profit tomorrow.

However one thing I am pretty sure about dogecoin is that one day it will go down and it will stay down. Which is why the reward of making a good amount of profit from dogecoin comes with the risk of investing into some shitcoin that will be close to few satoshis one day, maybe not today but one day. Are you really sure you are willing to take that risk? I know I won't.

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Quote from: dupee419 on October 04, 2021, 04:44:23 PM

I read the article, and I agree, I've read several posts back then here in the Altcoin Discussion board all about how Dogecoin was actually made just to become a meme, it was really intended to be a meme, and I thought that it only exists just for the laughs, I even introduced cryptocurrency to my friends using Dogecoin, since they love memes, I am sure that they'll try to actually try investing in it, later on, I never expected Dogecoin to go all the way to the moon, apparently, Elon Musk and several people were behind the skyrocket value of Doge, and my friends were still holding it, which means they gained a crazy profit after holding it for a while, Dogecoin really isn't a laughing matter or a meme anymore.

Yeah.. Dogecoin prices have went to the moon.. but that doesn't take away the fact that it is still a meme coin. The prices have fallen recently, as the euphoria created by overhyping from some of the celebrities is waning. In order to stay competitive, it needs to move away from its core function as a memecoin and find more acceptability as a mode of payment or as a speculative investment. It is not going to be easy, as there are far better coins in circulation for these purposes, with much advanced technology and algorithm.

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Quote from: Desmong on October 04, 2021, 05:46:51 PM

Quote from: pjwaffle on October 02, 2021, 05:37:57 PM

We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I really feel it's very dangerous. Some people may be greedy and lose a lot of money if whales decide to dump but this is no different from gambling. The risk is pretty big on this and it is hyped by Elon Musk, he pumped it and at any moment he will be able to pull out and the price will completely crash. I think This is a meme and that means Elon musk doesn't have any plans to make it a good foundation for the long run.

Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward.

You could say so but to know that there are believers who do really accumulate dogecoin back in the past.I would see this coin not to be a shit and it is way more better rather than on most shit coins in the market.
Most dangerous joke? It didnt do anything but rather serve as its purpose and yes its cheap and fees are so to. When it comes to utility then this is something much better than with other alts in the market.
Cant really blame off on why there are people whom do recognize on making out actions on hoarding and make use of Doge.

Desmong

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Quote from: pjwaffle on October 02, 2021, 05:37:57 PM

We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I really feel it's very dangerous. Some people may be greedy and lose a lot of money if whales decide to dump but this is no different from gambling. The risk is pretty big on this and it is hyped by Elon Musk, he pumped it and at any moment he will be able to pull out and the price will completely crash. I think This is a meme and that means Elon musk doesn't have any plans to make it a good foundation for the long run.

Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward.

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Quote from: lumierre on October 04, 2021, 10:07:13 AM

Quote from: ?? on ??

Quote from: Capt00 on October 04, 2021, 08:08:55 AM

Dogecoin was only promoted by Elon Musk, and I agree with this assertion. Dogecoin has no long-term prospects, as seen by market activity, and the high price of the cryptocurrency it wont last long.

Looks like you just woke up saying Dogecoin is only promoted by Elon Musk and has no long term prospects

.
Did you know that Dogecoin has been around since 2013? So did Elon Musk know Dogecoin at that time and is Dogecoin dead by being in the top 10 coinmarketcap? please answer now.

Personally I don't see any real value that can support Dogecoin, so I also think that its pump was caused only by interest from Elon Musk who can control its price easily. I am sure that he just wanted to make money on speculating the price of Dogecoin, so he bought first and then started his tweets so as to pump its price. He is just a manipulator and he could control Dogecoin's price.

And sorry for all those noobs who easily believe on Elon Musk because they might be experiencing losses with the current dogecoin's value. For me, dogecoin has never got the potentials to keep its price always on the rise because once a meme coin, there is no real guarantee that it will create significant pumps in the market. Most likely, if they got pump and then experience dump, they cannot easily recover again, the worst is that will not have any chance to recover so they end up just like dead coins.

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I read the article, and I agree, I've read several posts back then here in the Altcoin Discussion board all about how Dogecoin was actually made just to become a meme, it was really intended to be a meme, and I thought that it only exists just for the laughs, I even introduced cryptocurrency to my friends using Dogecoin, since they love memes, I am sure that they'll try to actually try investing in it, later on, I never expected Dogecoin to go all the way to the moon, apparently, Elon Musk and several people were behind the skyrocket value of Doge, and my friends were still holding it, which means they gained a crazy profit after holding it for a while, Dogecoin really isn't a laughing matter or a meme anymore.

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Quote from: livingfree on October 04, 2021, 11:42:47 AM

Quote from: Yamifoud on October 04, 2021, 09:37:37 AM

Quote from: livingfree on October 03, 2021, 07:07:34 PM

That happened due to Elon's attention.

And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.

They probably feel how hyped has been ruining their life and made them lose. Not to wonder that Elon Musk makes benefits from this as he is the one who controls its prices and these people who come and follow him got caught in the trap.
I'd never heard Elon being active in crypto space after playing the market. He is gone taking the money of innocent people who come and praise him without knowing his real intention. Even though this project has been in the market for many years, it is never been in my mind to invest in this nor I have the interest.

They have learned it the hard way.

They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.

It will always be a dangerous ground for all those who have believed in the hype and look at it now where the price of dogecoin is going. Its price is never as valuable as before and with the absence of Elon, everything will most likely to come to an end. And right now, i know those people who have been lured by the hype are already in regrets seeing themselves lossing while selling at a lower price. I hope this will serve as a lesson to those investors who are eager to make huge profits even if it means investing in those coins that have less potentials compared to those solid and well established coins.

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Quote from: Kongxx on August 25, 2021, 10:12:32 PM

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

No one predicted the price of Dogecoin to reach $0.73. This is why some people think that Dogecoin is a dangerous joke. Furthermore, the current dump as if it will never return to ATH ever happened. Elon Musk who was once present for Dogecoin, is now talking about another token in a recent tweet. This signals that Dogecoin will not provide a positive value if Elon Musk leaves it.

livingfree

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Quote from: Yamifoud on October 04, 2021, 09:37:37 AM

Quote from: livingfree on October 03, 2021, 07:07:34 PM

That happened due to Elon's attention.

And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.

They probably feel how hyped has been ruining their life and made them lose. Not to wonder that Elon Musk makes benefits from this as he is the one who controls its prices and these people who come and follow him got caught in the trap.
I'd never heard Elon being active in crypto space after playing the market. He is gone taking the money of innocent people who come and praise him without knowing his real intention. Even though this project has been in the market for many years, it is never been in my mind to invest in this nor I have the interest.

They have learned it the hard way.

They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.

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Quote from: ?? on ??

Quote from: Capt00 on October 04, 2021, 08:08:55 AM

Dogecoin was only promoted by Elon Musk, and I agree with this assertion. Dogecoin has no long-term prospects, as seen by market activity, and the high price of the cryptocurrency it wont last long.

Looks like you just woke up saying Dogecoin is only promoted by Elon Musk and has no long term prospects

.
Did you know that Dogecoin has been around since 2013? So did Elon Musk know Dogecoin at that time and is Dogecoin dead by being in the top 10 coinmarketcap? please answer now.

Personally I don't see any real value that can support Dogecoin, so I also think that its pump was caused only by interest from Elon Musk who can control its price easily. I am sure that he just wanted to make money on speculating the price of Dogecoin, so he bought first and then started his tweets so as to pump its price. He is just a manipulator and he could control Dogecoin's price.

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Quote from: livingfree on October 03, 2021, 07:07:34 PM

Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

I don't consider dogecoin to be a shitcoin

It's actually it is that's why it's a meme coin.

Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.

That happened due to Elon's attention.

And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.

They probably feel how hyped has been ruining their life and made them lose. Not to wonder that Elon Musk makes benefits from this as he is the one who controls its prices and these people who come and follow him got caught in the trap.
I'd never heard Elon being active in crypto space after playing the market. He is gone taking the money of innocent people who come and praise him without knowing his real intention. Even though this project has been in the market for many years, it is never been in my mind to invest in this nor I have the interest.

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Quote from: Kongxx on August 25, 2021, 10:12:32 PM

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

It is true that dogecoin could be the demise of many smaller level coins and even the cause of a crypto crash. People do not realize this but there is no future to dogecoin, sure it was fun while it lasted but buying a coin just because some rich person suggested and joked about it plus it was funny to be doing something as a whole community is not a good enough reason to keep a coin high.

Doge will be gone soon, it will be out of top 20 and by that time the price will crash, which will result with many people losing money and then the crypto market to have a crash as well. Crypto market will eventually recover but why would we have such a thing just because some people wanted to make profit on some joke coin.

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Quote from: Kongxx on August 25, 2021, 10:12:32 PM

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

Dogecoin was only promoted by Elon Musk, and I agree with this assertion. Dogecoin has no long-term prospects, as seen by market activity, and the high price of the cryptocurrency it wont last long.

livingfree

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Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

I don't consider dogecoin to be a shitcoin

It's actually it is that's why it's a meme coin.

Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.

That happened due to Elon's attention.

And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.

ene1980

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Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.

It is true that majority of the investors are here in the market to earn a quick profit. They really do not care about the fundamentals of a project and there are many seed fund investors who negotiate big deals so that they will get huge amount of coins than the general public usually gets and those investors really do not care about the project and once that hits the market they will pump the coin and in the meantime book their profit as well.

Quote from: Dragonfund on October 03, 2021, 03:25:48 PM

I don't consider dogecoin to be a shitcoin because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.

I do not consider Dogecoin as a dangerous joke even though it has a limitless amount of coins and the recent pump is due to manipulators trying to pump the coin.

Dragonfund

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Quote from: ?? on ??

This coin is purely for manipulation. You have to be a very risky guy to trade her. Personally, I stay away from her.

People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.

I don't consider dogecoin to be a shitcoin because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.

alpamar99

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Quote from: aioc on October 03, 2021, 11:16:24 AM

Quote from: Kongxx on August 25, 2021, 10:12:32 PM

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

Have read it and agree with what it says because it is backed by facts, some dangerous signs are on it, Dogecoin is an example of a coin used by whales to do a pump and dump scheme, majority of investors are in FOMO, there are times FOMO is but if you don't know when to exit you are in trouble of being a bag holder or cutting your losses, it's still the meme coin that we all loved but I don't see Dogecoin lording it over coins with
with real potential in the market and with contributions to the development of the community.

schemes like this will always exist and will not be banned by anyone. and regarding this there are two possibilities that you should consider, namely the first do not ever participate in things like this when you are a beginner and still can't really determine where you start and where you stop and the second is that you can enter when you have guts and high confidence but with a fairly high risk but if you succeed the profits will be very large.

Topic: Why Dogecoin Is Crypto's Most Dangerous Joke - page 2. (Read 570 times)