Bitcoin Forum

Dogecoin is being dumped, the crypto market continues to rise, and bitcoin (BTC) has broken above $ 7300. However, one major crypto that does not perform well at this time is Dogecoin (DOGE). Dogecoin (DOGE) Down nearly 20% after a series of gains in the past few days. Does this mean it's time to get out of this crypto?

Well, what Dogecoin (DOGE) has at the moment is only a market correction, after a series of increases that earn more than 50%.

This is only the beginning of the fall, even though the coin has already sunk from the peak cost of more than 30 satosh, but how would you like? As I think it was predictable, I mean that this time prices will drop to 40-50 satosh...

No worries, it was a classical pump and dump. Some people made some money, business as usual. Now probably back to 30-something satoshis. I don't know if it is time to get out. I never found this crypto attractive enough to enter, but I know there are a lot of die-hard fans of this crypto out there. They would rather stick with it than exit any time soon, it doesn't matter if it goes to below 1 satoshi.

Not only doge, but the tron and iota fell very well in percentage. These pumps are not expected from the other. I do not understand investors who think that in the future they will bring them profit.

I am still finding it hard to understand where you stand with your first and last paragraph. You stated it categorically that this market is in a state of correction from recent pump and you are still complaining of a dump and whether to exit.

Dogecoin went from about 35sats to 96sats just within 30th August till 2nd of September (just a span of 4 days) which made it hit an overbought condition. What I am seeing is a correction and not necessarily a dump like you called it.

If you think that Doge is new BTC it's wrong.  ;) Doge periodically has the same pump and dump after. The recent pump was linked with Polo listing and nothing more. DYOR what is this doge and for what we need this coin  ::) I have an opinion and that's why I don't hold Doge. Only for speculations. For long-term hold I have another coins

You do not need to worry because it has been pushed for a long time and it has to fall back to its original position. Nothing is absolute when the price is pushed up 50% and there is not devaluation.

Try to learn more about Doge. I think if BTC will down Doge will crash. Today it's a overvalued coin because it was listed on the Poloniex. In this case it will wait some correction definitely

yep i think it's dumped already. doge moon state was over already. doge was moon in 2 days in a row and i think today is the trip to bottom for doge

It has already been very popular for a few days and it has become very valuable. Many investors have gained huge amounts of money. We are also used to seeing the resultant panic sales of profitable people selling a bit :)

maybe the doge holders have sold it now. maybe it's one that has the effect of doge prices falling sharply.

now every coin except of bitcoin is falling. Even ETH is depressing. But doge is not good target. I would convert all doge into ETH or bitcoin now, because they are cheap.