Bitcoin Forum

If you have been following Dogecoin for a while now then you may have seen that it’s prices suddenly saw an upward movement thanks to TikTok, and Bitfinex quickly pounced on this new Fad and listed Dogecoin on their exchange. However what bothers me is that Tiktok is getting banned in big country’s like USA (about to be banned), India, and if more country’s ban TikTok then won’t this fad fade away very soon, and with it won’t Dogecoin prices crash?. Hence what do you’ll think of this fad, and how long do you’ll believe that it’ll last?.

Source:

https://cointelegraph.com/news/bitfinex-lists-dogecoin-after-tiktok-fad-sends-doge-price-over-005

https://edition.cnn.com/2020/07/10/tech/tiktok-ban-users/index.html

https://techcrunch.com/2020/06/29/india-bans-tiktok-dozens-of-other-chinese-apps/

Doge has ATH long ago, not for Tiktok hype. It has crossed 100 sats even in a bearish season. Then why due to the tiktok ban in some countries will affect it so harsh? It's true that it will have some dump which was speculated before the start of the pump since it was made by some people in order to make some quick cash.

It will likely to happen, but Dogecoin will stay on and maybe another application like this will push the price of Dogecoin again, and you are right for every pump there are influencers and whales that's going to profit, but it's still good to hodl Dogecoin but another pump is unlikely.

Dogecoin already got dump yesterday, and I see that the price is getting dump so hard and reach 29-31 satoshi.
But after that, the price starts to increase and now it stays at a price now.
We don't know why TikTok bans some country, but maybe they have a secret reason they don't tell the public.
The TikTok user could still use the app by installing the VPN app to their mobile phone, so they can get back to use the app again.
But Dogecoin will not crash deep as before because Dogecoin will survive from the hard situation that happens in the market.

Dogecoin price would crash even if Tiktok didn't get banned. Any unnatural price pump is followed by a dump. I don't think it would be wise to blame Tiktok for the pump and dump of the coin as the hype could have been made through any social media but it seems like the users of TikTok are mostly stupid people who can't think for themselves.

I guess it's a type of natural selection. Thanks to the hype, many of the users got some profit on the Dogecoin they held. The hype starter ofcourse doubled his money overnight and probably the early jumpers too would make money that if they know how to sell the coins they just bought. Social media are really turning people to sheep and they do move in herds.

As you have said, it's just a fad, and we all know that it won't last that long. We all know that Dogecoin has been here for so long, it even called Meme coin, so it's not a coin that is worth to invest, and could be here because it's one of the prime movers. Developers are not that active, and this TikTok will eventually lost it's luster as well. It will have a drastic effect on the price, like a pump-and-dump scheme. So I wouldn't be surprised if there is a sharp decline in the price, once everything has settled down.

There's been news of TikTok being banned on US and if that's true, the hype running on TikTok would be less effective as people from US won't be viewing and sharing them. TikTok videos are more viral than any platform as they are catchy. I've heard that the hype is mostly popular in the US and if they can't access the video, they'll soon forget about it.

Maybe they will create hype with existing social media with them, already Facebook rolled over a new feature called reels which is same as toktok integrated inside their instagram app but they really have potential to bump the price in long term? I don't think so.

And I'm sure more countries will follow because this app has been recognised as being use to spy, or as a tool by state sponsored hackers. That alone is enough for government to really ban it because its very malicious to begin with. Checking the price today, it is -5%++. A indication that the massive pump is already done, and investors have taken this profits already.

it will and it has! The influencer just enjoyed the bump and sold their coins!

BTW: USA won't ban tiktok since there are many big influencers live on it!
and also it's just political reason, there is no more private to steal since Google, Facebook, Iphone have stolen them all!

What in the world are you saying? there's no correlation between doge coin and Tiktok. doge coin exist way before Tiktok and the only thing that tie them is a MEME, a meme that will become stale in a few days or so. In fact, that meme is already dying because it's an absurd way to gather investors and dumpers already got their profit and correction already in place.

After a period of Fomo, now the price has decreased. I believe that in the future, the price of DOGE will continue to decline and consider if you want to invest in it. In the past I have seen DOGE pumped so many times but soon the price went down again and it didn't last too long.

The correlation is here; (https://twitter.com/_dfazo_/status/1280715176904441856)

The videos goes viral, many tiktok users jump on the bandwagon because of this video and obviously pushing the price of this Meme coins. So good for those who make this video to go viral, for sure he had earn a lot of money, but definitely sold everything to get his profits.

LOL, this is no difference from joining a pump-and-dump group. But now it's over as the price of Dogecoin is declining. And regardless if TikTok is going to be ban by US or other nation, it has serve its purpose for crypto traders or pump signal groups.

Those crap influencers have been driving the newbies into the big loss as so many newbies have been buying doge at the peak price. This means if the tiktok news basically didn't give any impact but the influencers were creating fake news to hyping it.

Oh yeah, the classic trick about influencing people into buying thing they don't know then reaping the profits off the people that have trusted them. I've seen this scheme in many trading groups that gives signal, atleast I've seen quite many and it doesnt matter if tiktok is not banned the manmade doge coin pump is not gonna hold for long.

All this is temporary. We should be expecting the price of Doge to get back at the 30 sats level or even lower in the coming days.

That was just a quick spike in Doge's price. Lucky for those who were able to ride it. For now the dumping may be ongoing. Buying days are going to hit the market soon. I myself would be waiting for the 27 sats for buying.

Until now, "Tiktok" has not been banned, but prices have begun to fall. This is just a short rally of DOGE and the price will definitely return to its original position soon. I just hope Bitcoin can go up and it will help Doge and all this altcoin grow in the long term, not just pump and dump like they are right now.

It's irrelevant, because Dogecoin will crash either way, this artificially influenced boom isn't sustainable, there's only so much gullible people to milk, and those who entered early will be dumping while they can. Since Dogecoin's fundamentals didn't change, there's no good reason for it to have this price.

Maybe the ban wave against TikTok will accelerate the crash, so if you're hodling Doge, it's time to sell now while it's still above the previous level.

I don't find any relation with Tiktok and doge coins so I don't see that banning will actually  affect doge coins price . Unless it is also one of the product doge have which is I know its not .maybe some influencer promoting doge coins in that application.

The tiktok ban for many countries is for security reasons They just do not want anyone to spy on them using an application made in China.

agree that there is no connection, but TikTok hype sparked Doge coin price rise, and there is a relation, but think that DOGE will eventually go down, no matter the reason, TikTok could be good explanation, but DOGE is playing this way, going up and down in time intervals, due to hype moves, there is no good cause for this project to exist except speculations

DOGE would have dumped hard either way IMO because that's what usually happens with dogecoin first it pumps hard then it gets dumps hard. That's the reason DOGE is always in my long term hold coins.

at certain moments maybe people like dogecoin because they have a pump that is high enough but then that moment will not last as long as you say. we see it today and last year also like that. always seems the same.

Personally I think that no one cares about tiktok endorsement. Dogecoin has a massive supply, not-inflationary coin. it's clearly impossible make any real impact in the market... it's full of people that have a lot of dogecoin and are ready to sell even @0,10 USD ;D
Price will go again to the old values, I mean around 25-30 satoshi. It's just matter of time.

The doge coin rally started after TikTok and other Chinese applications got banned in India, it was a community driven hype and there are talks about US and other countries planning to ban Chinese applications but the hype started from the community they engage and the hype will pump the price for sometime and eventually it will die down but i do not see a major crash but it will end up from where it started.

The fun aspect is that doge usually pumps with news like these, in the past when Elon Musk tweeted it pumped and it is a fun coin to have to take advantage of these pump  :D.

Sure, Doge has huge pumps but it doesn't last too long. Last year I saw a similar situation, the price went up many times and then collapsed, causing many people to be disappointed.

I think the price already correct since after the tiktok video, I always knew the price is just temporary pump with no major updates,  even if tiktok started to get banned in some countries, it may only affect the price for some time and soon things will go back to normal, dogecoin is an old project that keeps fighting to be in the market, they have good dev so I believe the team will keep the project going no matter what. It is part of market for price to go up and down.

Ain’t a fan of using TikTok anyway. Never used it for a long time, I only got like 3 boring video clips and 10+ followers. These guys had a brilliant idea in creating a Dogecoin viral video for their followers to buy DOGE, while they are enjoying their profits after some countries are gonna ban TikTok (which results for DOGE to dump).

I bought DOGE last 2017 at $0.006 and sold it when it almost reached all-time high. Although it’s a funny coin with no real use case, so many people are still trading DOGE, which was no surprise for me until now.

P.S. I honestly think Philippines is a TikTok-friendly country, so no ban here (they did have an April Fools prank last time about banning TikTok in the Philippines lol). 

After the couple of days fall today it seems to be flat on slightly up, but yes, the way it has risen seems nothing more than the price fall which was inevitable and had fallen in last couple of days as expected. Though good thing for those who had made money in this coin and got out are the lucky ones and also some booster for those who had held this coin form long time and were awaiting some spike in the coin.

This hype was created like all other hype. And the hype created quickly does not stay in the market for long. Tiktok is likely to be banned in many more countries. In the days ahead, it will be understood what may come. The people who created this meme know how to use this hype. They know how to bring new investors into the market. As soon as this tiktok hype was created, the dumper group set their profit target. You can now see the results.

I don't think so, I guess there is no connection with dogecoin and tiktok. Tiktok is just a social media platform used by some doge supporters/traders to advertise and promote dogecoin. This coin already exists without this said tiktok platform so the answer is, it depends on the traders and market. Either this app getting banned in several countries there is no real connection, doge is on the exchange they can buy it anytime and we have so many alternative platforms to advertise. Even without advertisement, the nature of crypto is going up and down.

That's right. Even before Tiktok gained the attention of the public, even before Tiktok even got into the market, or even before it was developed, Dogecoin was already in the crypto market. And to be fair, even if Dogecoin was never taken very seriously by a lot of crypto fans, it was always ranked in the top 50.

but I don't think that will happen anytime soon. surely something that happens shortly and almost at the same time will not have an impact on the market. some people have good experience of this but some also experience problems because their capital has not returned. such situations are not easy to repeat.

that will certainly be affected, but banning tiktok is just a plan. Many countries now have populations that can make a lot of money on tiktor and removing it will cost a lot of jobs and certainly GDP will drop, so banning tiktok takes a lot of time and effort. . In the short term, I still think Dogecoin is growing strongly, but in the long term, I'm not sure because Anonymous has warned that Tiktok is stealing a huge amount of information from users. Anyway, we should consider investing in Dogecoin in the long term.

When the growth of an asset is based on nothing but hype then we see something very similar to what we are seeing on dogecoin, we see an abrupt rise on the price and then a crash, with this in mind it is obvious the growth was simply unsustainable as there was nothing backing it, I just hope that not many people lost their money but knowing how this market works I will not be surprised if a few whales were able to dump their coins on unsuspecting investors that believed this was their opportunity to make a lot of money only to lose most of their savings in a matter of days.

We know that Hype doesnt last forever and there would really be a time that this will deplete out and price starts to crash even if Tiktok wont be banned on said countries that you had mentioned.

The only thing on why Doge had pumped out because it did really make out some hype yet we know that it can drive market prices on unexpected levels but as anticipated

this wont really last up much yet we know the difference of price that had been organically risen up compared on short high spikes.

Yes indeed Tiktok has not been banned, but we can see that Dogecoin has already started decreasing. Tiktok has affected so well on a rally of Doge and made some interest for people in investing in dogecoin. Dogecoin is not so the best choice for investing in, as you above mentioned when BTC rises up, we can see that altcoins will start to follow this movement. However, Dogecoin will not be among these altcoins. Instead of this coin, we must focus on other altcoins.

It appears that many people who did not invest in cryptocoins before shall be joining the cryptospace bagholders foundation hehehe. We should welcome them and offer a gesture of consolation.

https://i.ibb.co/C75JLHV/0826-F65-C-1-C2-F-482-B-B074-4-F27-EC5687-F4.jpg

The meme coin Dogecoin (DOGE) has fallen after a brief rise; the dump after the pump.

Source https://decrypt.co/35289/wow-tiktok-dogecoin-pump-is-over-such-dump

No need to wait for TikTok platform to be banned, now DOGE prices are starting to dump. What makes DOGE pump not because of TikTok,
but rather a number of influencers who influenced the crypto community to make the DOGE price reach $ 1, and after that there was hype.
Many newbie's finally FOMO and buy DOGE at the top price, now the influencers are enjoying profit.

I believe that without TikTok, dogecoin will have time to increase, but I don't know if the price can touch $1 or not because that will need big demand at the market. After that moment, dogecoin price is down and almost back to the last lower price, but dogecoin will have a chance to increase higher in the future because the bull run is not coming for now. It is a good time to buy more dogecoin because it can be back to the lower price.

The crash of doge is almost complete and I will not be surprised at all if we see lower prices than the ones we saw when the pump started, people need to stop doing this, if a coin goes up in value that fast then most likely this is because there is some kind of manipulation going on and then they think they need to invest in that coin immediately and earn money that way, some do but the majority loses so much of their capital that it is impossible for them to ever recover from such loss.

Crash? You mean retracement. That was an artificial pump we all know it, but Dogecoin has always been stabilizing against btc/satoshi price all these while since the last ATH. Makes it one of the more reliable altcoins if you think about it in this way! What was it's ATH something like 120 satoshi? And it has been staying around 25 for a year IIRC.

TikTok is also banned now in HongKong and this sadden the  tiktokers worldwide.

Many things that has been changed because of this Tiktok thing so i hope banning will end sooner.

But About Dogecoin getting high?i think even without tiktok it will grow because in past This has been the most popular coins for gamblers.

Dogecoin was launched in december 2013 https://id.wikipedia.org/wiki/Dogecoin and become more populer until Jan 2018 reach ATH at $0.018. And tiktok launched in 2016 https://id.wikipedia.org/wiki/TikTok. Even with tiktok challange it can't make doge price into ATH anymore, so tiktok effect only for a while. So if tiktok get banned even deleted it won't affect the price of dogecoin

The prohibition of TikTok in several countries is not a big influence on the decline in Dogecoin. TikTok is used as a medium to introduce cryptocurrency, especially Dogecoin which exploded some time ago and many people who see it now know Dogecoin and cryptocurrency. So it won't affect too much.

I'm not really sure if the doge pump is caused by tiktok. because in my opinion tiktok has nothing to do with dogecoin, the price increase a few days ago might have been caused by hype/fomo

It may just go back to the price before the hype done by tiktok. But it will not slump much lower to that price. Doge has already established its use even before this tiktok hype so I don't worry much about its price. But for those who bought it during this hype, they will now understand that commotion in social media will not really help in sustaining its value in the market.

Feel sorry for those who bought on July 9 and July 10 where the price is already at peak and i did actually laugh out on the image you did post where people who havent any idea on what they've been doing will surely
able to realize on the mistake that they had done now.Its pretty clear that this Dogecoin pump is just purely been the result of much hype. For people who do have experience here on crypto would able to  detect it well
in the first place.Some might not able to jump in and some do make use or utilize such hype for them to make money and when those innocent investors do pour then huge sell-off would be the next step.
Im just thinking if those people who put up big money on peak price do still had some good sleep at night?  ;D

Probably they are are now regretting their decision to buy at peak price and besides its not the right timing to buy a crypto. A very risky way and possible losses might coming if you cant hold longer until the price reach the value wherein you bought your dogecoin.

Well tiktok somehow influence the price of doge the reason it turn to hype, if the banning for some country for tiktok will continue then dogecoin will return to status on how it used to be.

Yeah, those who got in on July 9 hoping something good is about to happen are the ones who will be holding bags for now, maybe there will be another big news that can pump the price of dogecoin but for now they have to be patient, most coins in the market pump base on hype not only dogecoin, the only they can do now is hold and hope another pump like that will happen, crypto is full of surprises, you never know when something great will come up.

I can get the point; if tiktok was not banned by the times of those dogecoin challenge was started, I am sure we might have seen dogecoins into its new ATH too ::). I feel bad why dogecoin challenge was initiated too late, at least a month back if it would have been started, there could have been a big differences in hype level for sure.

Right now, dogecoin is trading with 12% gaining in bittrex, it means the hype of tiktok challenge still continues. The story was complete different through out the last week, but now dogecoin is doing good regardless of what bitcoin is doing right now. I am expecting some good rally for all cryptos by this weekend, who knows, dogecoin may trigger that rally as well. It is going to be middle of July and I am sure before August, we will definitely have good signs for upcoming bullish trend.

And when it would possible be? Next month? Next year? Couple of years? If we do try to look up in terms of events in Doge then i dont see for another
hype to happen.

People are already aware that this hype will happen again but it wont work on second time around when they do try to hype things up.

Therefore, we can say that people who do buy on peak price will surely baghold for long because dogecoin price doesnt really move that much for long period of time.

This news has made DOGE go down now, look at the price of DOGE down in exchange,
already down 6% , fortunately I didn't buy it, because this news came here and I was lucky, thank you

Even if there’s no news like this, DOGE will still fall because the pump is fake and the pump is just a hype, better not to join the hype and buy established coin instead. Doge uses tiktok to manipulate price, and they wont succeed on this one in long term. Unfortunately, lot of my friends are falling on this trap they are still lucky to get out early. Don’t buy this coin because tiktok users will never buy Doge coin (most of them are not familiar with it).

Dogecoin price decline is not due to news about the platform TikTok will be banned, because the price of Dogecoin began to fall after many people
realize this is only the actions of a few influencers who create hype for personal gain. And there are so many victims from this hype, fortunately
I wasn't interested when the $ 1 Dogecoin challenge pumping booming in TikTok. This is a lesson for all of us to be more careful when investing,
do research and analysis before deciding to invest. So you can avoid FOMO that occurs in Dogecoin.

Indeed, this price fluctuations is just an artificially made by those whales who are good in playing with traders emotions.


Good for you, but in a short ride if you manage to buy in before the big pumped happened, that's really decent profits.


It's always a must in order to prevent this kind of mistakes unless you also knows how to play riding in with pumps.

I have read an article about Doge, that Dogecoin does not have a total supply,
and that supply can continue to multiply, of course it will make it difficult for prices to go up for long term if user not much

It will not make dogecoin crash, the hype was just a pump and dump scheme, nothing more.

Dogecoin has been with the market for many years, it's one of the oldest coins in the market and it has survive until this time, and it's not Tiktok alone that bring Dogecoin to its current state now, it's already correcting but I'm sure its volume will stay as decent as it has been.