Bitcoin Forum

Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?

They have big supporters and that's why the influencer is having a very big impact to the price.
It's always happening so many times when there's a famous person was tweeting about crypto and it gives FOMO to the people and then the pump was happening.
This what we have called that as pump and dump scheme and it's good to see you are leaving from the market right now.

on coinmarketcap shows a price increase of up to 700% at the moment. well, that's a really big increase. I'm pretty sure that the person holding the doge is currently celebrating. I hope that other popular altcoins will also pump soon following the price increases that have occurred for Dogecoin.

It's because of people's trust in the tweets they make that it can affect buyers at an unusual price, and I myself am also surprised and curious about this, because it actually happened in just two days.

Elon Musk is one of the influencers on DogeCoin and Elon Musk's tweet has a big impact on Doge's price. When Elon Musk tweets about Doge, Elon Musk's followers will have a new outlook on Doge. In other words, followers can see the quality of these assets through their idols. So that influencers indirectly help build trust in Dogecoin.

That's the influence of influencers on the interest in buying a crypto asset.

It was because of this simple post of Elon that it drives to $0.07 you may check it here https://mobile.twitter.com/elonmusk/status/1354924057825837060. Too regrettable that it was $0.002 from past year on the month of December. Smart money are flowing now into altcoins and even Grayscale did with their recent announcement of assets they held onto their trust. Search for coins that are still cheap and has good usecase guys, not financial advice.

whatever Elon musk tweeted will definitely make a big domino effect, even Elon Musk has made Doge Bullish several times..

---

https://i.imgur.com/P1zPwOi.png
https://twitter.com/WSBChairman/status/1354671182994415626

I like this prediction, level 2 predictions are correct (a few hours later)

https://i.imgur.com/YDyzauk.png

The latest news about DEGO is team has decided to use PolkaDOT parachain system (https://docs.dego.finance/modules/dego-chain) for DEGO token. As DOT token now top ranked coin in CMC market so i think if they try it DEGO token price will go in good position. So let's see what happening in next.

This happens everytime when such people post something about doge. But this time it went much higher then previous times.

Probably this is just another pump and will it go down big in the coming days.

You think that DOT will most like rise too? I am not sure if it's still worth to invest. Sold most my doges back a few months after dogecoin was released. I can remember the high of 250 SAT and maybe a little more if am not remembering wrong.
Is the DOGE race car team still active or did this project stop?

First time seeing a known coin that pumped almost 800% I sold some of my Bitcoin to buy some Doge coin I hope I did make a right decision. It looks like the Doge coin is on hype right now many people are looking onto it.

few months ago, it was few years ago? DOGE is released somewhere in 2013
interesting enough, DOGE has low fees, there are several gambling websites that use DOGE due to that fact, but price is rising just due to shilling on social networks, and probably reddit, it is a community effort, and while there is some value in it, it could plunge anytime, and go down

nevertheless, interesting phenomena to see DOGE within top20 coins in the industry, I have some and seating on a side and watch what is happening, maybe will put it on the market if the value surge a bit more

I was talking about that back when dogecoin was released, i did sell most coins a few months after real release date, not a few months ago. But after reading my sentence i musst commit, that it may be missunderstanding.
Let's see where this dogecoin rally is going.

I think the sales transaction is the right decision. DOGE is a speculative coin with constant price changes. When the price drops, you can buy it again. Elon Musk is very effective on this coin and directs the market with a word. If you make the right decisions, DOGE coin can create good income areas.

Doge coin making waves to surprises this month and perhaps because of the gamestop adoption for this coin and also people behind it that pushing the price up high. I had these coins long ago and got it on some free faucets and didn't care at all not until now it sky rocketed all time highs. Strong hands are likely the big winners of these pump.

Yes the symptoms of GME spread to cryptocurrencies. As you know, r/Wallstreetbets and Elon Musk have a huge fan base and their tweets can make a difference in markets. Recently, Elon Musk tweeted about Etsy and the stock increased. So, we will experience many of those soon.

People who have benefited greatly from the DOGE pump tonight, they did not expect that in one day they could go up to a higher level, even beating the current TRX price, wow that's amazing.
I myself have sold Doge last night which even though I did not buy cheaply, but at least I have gotten a bigger profit from DOGE.

Big people are certainly very influential in their tweets, especially Elon Musk, who often tweets doge and even soars.

It was a huge bump in the last few hours even I didn't notice it an hour ago. The people are influencers ahd who have been holding lot of Doge in their portfolio so tried to make some bump and it ended up in a huge bump. For sure the prices will get dumped sooner so anyone want to reap their profits from Doge then this is the tine for you.

This is because people are skeptical and believed that coins and tokens are heavily influenced by those supports. We all knew that elon musk is a tycoon and not just some guy whom wasted some money for nothing. Not only them gained traction but other famous one. A good news means something for trader and investors and that's how a fomo started.

this is why dogecoin is so high. especially dangerous for newcomers to cryptos. Some people say I will sell it for $ 1. Everything is possible in Crypto, yes but it is very difficult to be $ 1

Sheer and blatant market manipulation at its worst. Doge is a joke and this market will soon transfor into a marekt!
"Some of the members of WSB tend to use borrowed capital, like student loans, to bet on certain "meme stocks" that show popularity within the community."
This is simply just crazy, do not enter this game as you may hurt yourselves very bad.

dejavu anyone ?? 2017 tweeted mcaffee about xvg and that coin made 1000% .. and then they dumped so hard all the new people got screwed hard ...

I was literally shocked to see the price of Doge rallying as i was holding more than a million coins till last year and i busted all of the coins playing in casino as i had nothing else to do when i was free as everyone was forced to sit at home because of curfew, looking at the current price i would have made a fortune if i had the patience to hold the coins :-\. I will be selling the rest of the doge coins i am holding at the right moment, either way i am surprised and happy to book my profit.

Not every trader who held Dogecoin was able to get a profit of 700%. Personally, I sold my Dogecoin with a profit of 100% and was very happy with such a quick profit. But after I saw the maximum price of the coin, it was a pity that I parted with Dogecoin so quickly.

I am also one of the others. I have 2K more doge coins I got from faucets and gambling. I never thought of selling and getting profit from Doge coins. Usually, I use doge just for fun (playing games, poker and giving tips and rewards to others). to this day I am very surprised to see the value of the assets that I have and immediately sell them. this is an exciting FOMO for me. I'm sure the Doge coins will go back down and I'll buy them back in greater numbers.

its makes no sense , you know how many are there ... and it has unlimited supply ... 1 cent is way to high for this coin
fucking Elon ...

because they're famous? its like how celebs promote their brands and stuffs, these rich people also got fans

Its just like "WHO saying that we are in a pandemic already" last march. It isn't a tweet though but the effect in the market is huge that we saw Bitcoin from $8k to $4k really quick.
Its just like "Paypal are integrating cryptocurrencies in their platform". It has a big affect in the crypto market. Same with the institutions coming into crypto.

Famous people on the other hand will have a huge effect into whether what coin they will tweet or say at least. Its like Roger Ver being part of a new project in the past. It has a big impact on it and the token sale will be a successful one because of the mere presence of him.

Unfortunately for me I didn't have any DOGE and I'm not thinking of buying it especially now that it just went up because of what others are saying.

Did you see when mcafee was promoting the ico and he was always shilling for the new coin that promoted by him? he has power to encourage its fans to follow him.
That creates a massive buy to the coin when he was saying if his coin will be mooning as soon as possible.
The influencer has the power to make its followers to follow what he was doing.

Generating wealth became easy Perhaps the same thing will happen as it happened with WallStreetBets WSB.
I wander if they start Level 2 with DOGE coin today.  :D :D
DOGE currency will be affected by pumping and dumping, so it is best to sell quickly before you discover that the price has started to collapse.

Small market capacity is what makes so many changes that the price will rise sharply.

Yes this is absolutely a joyful moment for DOGE holders this underrated coin has taken unexpected growth, there is no doubt the support of some famous people is a big reason of its growth if Elon Musk keeps his support for DOGE constantly then we may expect this kind of more massive growth in DOGE.

This is literally the description of to the moon,  lots good things happening this year so far but I don't expect for DOGECOIN to rise this high.

It has stolen the spotlight, DOGE is the king now, and because we didn't see it coming, I believe only few have made easy profit on this pump.

For now, let's continue to enjoy watching it as anytime it will start to fall again.

The fallen is started already. It's now below the 100sat. The whales are now filling the bags and will just leave for a while.

but funny thing is , this is the third time doge made this big leap..

first time it was before the swap in 2017 it was 11 sats , and after the swap it rose to 170 sats ...

To be honest, aside from the sensible corrections and trends from Link, Dot, or latest is Doge's rage.  It seems the altcoin went unnoticed with any response.  Bitcoin currently has a very high gain but not an altcoin.  It's a pity to continue waiting for the moon season for altcoins. :'(

now comes the panic sells ;) , i think a lot of newbies are burning their hands now

Actually there are a lot of people on reddit right now discussing DOGE. So maybe you should have held your coins for a while as there might be a lot of new investors coming in in the next few days. I don't think famous people are the reason people switch into DOGE, it more a lot of people who work together on reddit and try to fight against bigger companies.

And now Elon Musk's bio on  twitter (https://twitter.com/kucoincom/status/1355086416426897408) was edited with the word #Bitcoin. I wonder if BTC can go beyond its ATH because of that tweet.

Honestly, it looks like the crypto community was getting played by the big name like elon musk, he was always creating a tweet about anything that makes him interested.

Bitcoin gets 20% increase as the impact from the word that already made by elon musk.
Im feeling curious about what coin will be the next target by him.

It's quite impossible for bitcoin to break its ATH just because of this tweet.

And the craziest thing about it is that it is still going strong right now,,, this was even better and longer-lasting than the tiktok doge challenge. So it seems virality is less powerful than good old Fomo hype for the memecoin.

Alts and Defi must be soooo jealous of DOGE right now!

Getting money to those who rides and I tend to agree that it may  not get break the ATH we made weeks ago but this surely drives the price onto the next perspective of Bitcoin that I guess the bottom was in at $28k. This isn't financial advice but I think this is what makes the huge adaption we are hoping by just shilling of famous people like Elon Musk.

It's just a matter of time but I think other ALTS will be breaking out so soon not for the immediate short term but for the mid to long term. Again, find some cheap alts gems guys and gals.

The most amazing part about doge coin isn't just the fact we could get rich it's the fact that a group of people can come together and still have an effect and impact in this world that's controlled by the 1%

Well, the speculation kids are looking for new targets after RobinHood and others have banned the trade in Gamestop and other shares. Now they are coming into the crypto market. Admittedly, an investment in Doge makes more sense than valuing a bankrupt company like Gamestop at 40 billion.
You can see what too much money printing triggers. And soon the Biden administration wants to print even more money.

Yes, true but that fact is my luck. I can't recover my losses and didn't expect a big pump from it and that's why I can't make enough money from Doge. It is continuously happening with me whenever I sell my tokens or coins then it gets pump within a very short time. Getting upset to see this and also happy to see others profit as well.

Buy the rumors, sell the news. you guys should follow this, it's time to sell now as I don't think the pump will continue, usually a hype does not last, don't get caught by the price when correction starts again. Everything that goes up must come down, nothing is exempt to this, even bitcoin.

So I suggest to take profit now, and wait for it to dump and do the basic strategy again.
Good luck and be careful, DOGE to the moon but we know what's next.

No, not really. Elon Musk never wrote directly that he was investing in Doge. He uses Doge a lot more as a meme. That's why I don't think rich or famous people invest in Doge. It is much more the crowd that chases after some meme tweets and hopes to quickly jump on the train before the price collapses again. It's pretty like pump and dump.

I saw by myself how yesterday the price of DOGE went up very much and was of course I very happy about it, because some time ago I invested some money in DOGE and yesterday I was able to sell my DOGE at a very solid price, anyway, I was surprised why the price of DOGE rose so much and I began to study it and then I saw that some famous personalities started writing about DOGE on their social networks, and as I understand, because of this there was such a big jump in the price of DOGE.

You are right, but we shouldn't be shorting this coin right now. Yesterday there was also a historical growth and today it again exceeded all expectations. There is no guarantee that this will continue tomorrow in this case it is better to stand aside.

If you have been in Doge prior to the massive pump then for sure one way or another you have to sell and take profits otherwise it doesn't make sense as there is also the potential for a dump. And there's nothing wrong with taking profits right now, because as you you have said there is no guarantee that the price will continue to go up tomorrow or even in the next couple of hours.

So it's better to play safe, and not regret in the next coming days as usually this kind of super pump are temporary.

Congratulations to you who make a big profit from Dogecoin. Actually, I am amazed at what Dogecoin did this day. From the lowest price, suddenly can increase so high. Although the price stable for a while at one price, the rally does not stop, and finally, the price rise so high and hit 250 satoshi. It is a new record for Dogecoin so far, and it gives a big profit to us, especially for people who hold Dogecoin from a long time ago.

It is just beginning, and Dogecoin performs well in the market. After this, I am sure many altcoins will start the rally, and who knows, many of the altcoins will make a new record of the ATH.

I personally think that what happened that night with doge is pure fraud. Previously, criminal prosecution began for this, but now everyone is applauding. Can't you manage the financial market like that, make x10 overnight from scratch? Then all cryptocurrency trading is a lottery and we are just being bullied ...

The only thing I can say is that I wish I still had all the doge I used to have.  That's true for bitcoin and some other alts too, but damn.

Lots of pumping and dumping going on in the last few days, but I don't think the price spikes are sustainable.  Now's the time to be selling if you ask me.

Famous people have a big influence on cryptocurrency so they can change the price quickly tweed Elon musk can be an example of a very big influence because their followers are so many that it can make very high price changes if famous people have millions of followers it will make them buy the coins they tweed on their Twitter account which makes famous people more attractive to buying coins.

The pump and dump group will always do the same thing at the same time. These pnd group fully organized. So many times pnd group was always waiting for the best time to pump the coin.
Only a few percents from the total population that has dominated the popularity among others.
The big name will always become the winner in this case.
that means if everything will be following what already stated by these famous people.

I just late from solding my doge. When i saw trust wallet it pumps 700%+ i withdraws to binance but it dumoed to 600 amd then 400 so i change my idea of selling. And now waiting for this kind if pumping.
Dogecoin pumping is very amazing. Short term investor like me can get a profit

Famous people and influencers have had a big influence on crypto. so it looks like a tweet from elon musk signaling the impending pump, and today it is true that doge has increased drastically. so this seems like it was planned for the doge's rise

Its always a positive news can affect on the market .You got enough profit and also many investor become rich after sell the Doge coin .Its a top coin with high volatile that's why most of the trader like trade on Doge coin .The price is keep continuing to the up and has a chance to go more up than that.

coinmarketcap shows a cost increment of up to 700% right now. all things considered, that is a huge increment. I'm almost certain that the individual holding the doge is right now celebrating. I trust that other famous altcoins will likewise siphon before long after the cost expands that have happened for Dogecoin.

Yeah right, famous  people influenced the market.

It's expected to have more since Elon Musk really making a huge noise for this coin knowing his influenced to the entire business industries
he really provide opportunities to those who have a quick mindset riding with the fame and taking advantages of this trend.

After the increase in bitcoin now Dogecoin Cryptocurrency which was originally just a fad from memes and has now increased its market value by over 800% which in my opinion is a very fast increase without any stages.
I think everyone will regret it and imagine that if the Dogecoin that was previously owned was still around it might be happy, and I also feel that way because I didn't really care before.
Even though Dogecoin has gone down a bit, Dogecoin is still in a high price position if it wants to sell it.

Wallstreetbets do not have a chairman, in fact dude literally says "have no affiliation with r/wsb" himself, dude is just a troll account and that's it. Market manipulation is being done by 7+ million people on wallstreetbets right now, that is 7 million people, there are so many people who decided that they wanted to buy that stock all together, this is not really a problem to me because if people want to buy they could buy and that is fine, if they want to hype they can hype that is fine too. You know why they picked gamestop? Because there was over 15k+ workers of gamestop about to be fired, why?

There was huge wall street capitalists (melvin and citadel) who shorted more than stock worth, it was over 100% that was shorted, so if it was asked to be actually covered they wouldn't have been able to cover it, since there isn't enough stocks, that means if the price kept going up, they would have been bankrupted and there would be a lot of regulatory problems for them. This isn't about just money, it is much bigger.

I understand Elon Musk might have influenced the bitcoin market today but what is driving the doge coin market, in the past Elon Musk was instrumental in driving the dogecoin price as he used to mock everyone with his social media page about the doge coin and whenever he does the price usually rallies but who is this reddit group who is influencing the price which i am hearing for the past one week.

an increase of 700% on the market thanks to tweets from famous people with a large following, i don't know if it's a good thing that cryptocurrencies are so easily influenced, however a great leap in quality for doge

I would like to see most of the potential altcoins rise in value as much as Doge. Can I ask Elon Musk to speak positively about cryptocurrency in general? Maybe then we will see the altcoin season that we have been looking forward to for a long time?
Bitcoin has already shown what it can do, it's time to do it for other cryptocurrencies.

Now, I am wondering if Elon Musk has big stash of doge also?  ;) But I think doge deserves to have a raise on its price. It has been used for years and years by traders because of its cheap transaction fees. Actually, doge is better than most crap projects that have been created and abandoned.

I dont think he has any big stash of it. I just think he likes Dogecoin for what it is and what means. If you see his twitter he put BTC on it... It's more probably that he has stash of BTC. With all that we saw also BTC going up from all that. At the end pretty much good news overall.

Dude, Dogecoin and DEGO are two different tokens.

---

May be now it's about time Dogecoin gives Bitcoin a good run for its money as it's way cheaper to use than Bitcoin. The throat cutting miners' fees one pays on any Bitcoin transaction and even the accompanied delayed transactions that go with it is very discouraging. Since Doge is cheaper and with the encouragement and persistent good review Elon Musk gives Dogecoin I think we are likely going to see a steady price rise in Doge. Who knows it may get to the same ATH Ripple got to a few years ago — $3>. That, indeed, will be a blast for veteran Doge hodlers.

Yes Doge coin pumped up by over 800% after Elon Musk's tweet and in last 12 hours it has been highly fluctuating wherein traders would had a merry day but at the same time it's equally risky as well because it has dropped by almost 40% and then pumped back as well. Panic sellers would have already sold it at the first dump itself and eventually these funds will end up in Bitcoin's portfolio of many once there is a dump and to backup Bitcoin has gained significantly today.

There must be something else happening behind the curtains to explain why doge price rised so much. I don't believe an empty tweet like that would have the potential to cause such pump in the market, or have humanity reached to this level of idolatry already? I have also seen that some investors joining together at reddit platform were pointed as a possible reason behind the boost in dogecoin's price.

This indicates many are born just to make excreta  ;D

a coin which have no proper developer is pumped just bcoz someone twitted doge. Good i dumped my coins which i saved to start a doge faucet , and will buy when this all HYIP goes down.

Lol. I did the same, sold all my DOGE, but I knew the reason for this pump. Because I think that this whole hype and euphoria will last max. 2-3 days. Then everything will get to normal as DOGE dosn;t have any real eco-system to hold the price so high.

Right , too many coins to make it raised to $1 like what many moderators on reddit trying to portray. Either they are noobs and dont understand doge or they are just making a hyip so they too can dump their asset when market pumped.

Famous people play a very important role in the market, not only in the crypto currency market,
but in the stock market the tweets of an influencer or famous person like Elon Musk can also have a positive, even negative impact,
if you already know the strategy he is doing, then follow fomo that he makes, then we will get a profit too,
although risky but this is very good for the chance to get profit.

I'm happy that Dogecoin has finally skyrocketed so high, it's now the biggest profit I can get from Dogecoin. I actually don't know for sure what
caused the price of Dogecoin to rise this high, many have attributed it to the WSB Chairman and Elon Musk. But I won't think too much about
the causes of Dogecoin's rise, which is certain that yesterday I already took profit. Now it's just waiting for the Dogecoin price to drop again,
so I can invest in Dogecoin again.

I agree. The surprising movement of DOGE indicates that the altcoin season is about to start if not already because why else will anything pump like >400% if it wasn't close to the alts season. I'm incredibly surprised to see how much DOGE has gone up, not much of a reason either - it just pumps like mad... Those that got in early must really enjoy this.

I was watching a youtube livestream last night when someone superchatted about DoggyCoin (the right way to say it, by the way, not DDDOOOOGGGGJJJJZZZZZEEEcoin), and I immediately hopped on my trading accounts and transferred BTC to an exchange that handles DOGE, and bought 10,400 at a price of 213 satoshis (about 6 cents) each.

Now we need to pump the hell out of DOGE, for any reason or no reason.  I don't care, I just want to make an enormous profit for nothing.

Mr. Musk, I need you to twit and tweet a few more twats about DOGECOIN.  It doesn't have to be true, it just needs to pump the price about 10X.  Thanks.

whatever is behind the curtain that causes the doge to rise, of course there are many things that can make it suddenly rise significantly, the most important thing is to make this an opportunity for us to be able to trade in it to be able to profit by following the movement of the doge price which is moving up and down, but we know that this is very risky, but we must be brave to take this risk so that we can share in the benefits of the price movements that have occurred to the Doge at this time,

The price is dropping again and may be it will never go up any more. It was a big pump yesterday and many investors made a good profit from that. We do not know for sure if that is the end of its rise now. This can also be a time the  doge team consider burning so it can increase price and value of the token.

Im still have doubt about the dogecoin because I believe that it will going to dump it again maybe ellon musk is help this coin because he is famous so people starts buying Dogecoin because of that but in reality that coin is not a good coin it is not potential because the true potential not need to promote by the famous people because people will discover it how potential it is.

Selling an investment is depends on your risk appetite and your conviction of the asset. Now if you are already at gains, it depends on you. You could play for 10–50% gains or hold for more long term depending on your conviction and most important your deep study of the market.

Not being captain obvious here but the WSB subreddit itself is full of people who likes to bet. Most of them know the consequences really well and even know that the chance of making good profits is kinda slim and most of the time they gonna lose their money. Also, that's why the subreddit is called wallstreetbet because they are betting not only the money they have in reserve but sometimes there are those who bet using everything in their sight.

Dogecoin has been in market from long times. Project has pushed from time to time and listed in many big markets. Some investors has put their money on doge coin, getting benefited. With big markets if a coin comes to their low point then project is ready for investment. Just like doge. Dogecoin is dumping now may some traders takes profit form this high low game. Dogecoin has been always a game changer coin  and I hope this will continue in future. Thank you
 

Perhaps you are missing something from his post but it looks like you didn't aware if ripple has nothing to do with the bullish trend that is still happening in the crypto market. I should remind you that dude if ripple is very near to its graveyard. It has no power again and the daily liquidity is getting drowned so hard after some big exchange sites have been halting the trade for ripple.
Some even banning it from their service.

because people who have the ability of that much can affect the price. examples such as clothing trends and electronics we just follow, this is life

Hello friends. I hear phrases like, will it be $ 1 for doge in social media and local sections. Do you think there is a possibility of $ 1 Dogecoin?

Yes, and it is also more profitable for those who have Doge tokens in stock in their wallets or who have bought before being tweeted by the richest person on the planet, because they can experience enormous profits and multiply too.

Because Elon Musk stated DOGE is his favorite crypto set on Twitter so people saw this then they bought DOGE. because the demand is massive, of course, it affects the price. Even before Elon Musk made his Twitter status, DOGE was always an interesting crypto asset to collect because of the strong fan community base behind the asset. With the increase in the price of DOGE this indicates that crypto assets or cryptocurrencies are not just Bitcoin. there are many other crypto assets that show fantastic performance like Ethereum and DOGE and other coins.

I believe Doge's explosive growth is due to the influence of famous people. If you have already noticed that social networks, people with a large number of followers have a strong influence, and in this example we can see how it works. Of course, on the one hand, this is very good, for the owners of assets who have received such close public attention, because everyone can fix a profit and earn money, on the other hand, how much is this correct and will not this lead many people astray? In any case, while this is for the benefit of ordinary investors like you and me, this is definitely very good and once again shows the strength of society.

If you buy with the pump, you are going to die with the dump. People act as if doge actually had a reason to go up, sure bitcoin is number one ranked and even though it was pumped, it could take that pump and stay there if it wants, that would take some time and effort but bitcoin is bitcoin and it could do that. What can doge do? Doge doesn't have that kind of investors and this pump was obviously not sustainable, a lot of people will lose money because of it.

I understand that wallstreetbets people wanted to take part in this, but they can't really understand the fact that they are buying and selling from each other, not against another company, in the GME deal they do, they took money from citadel and melvin, here in doge they buy and sell from each other. This is why some of them will lose money, they didn't see that coming and will probably go back to stocks.

First congratulation to everyone who is making a profit through swb shares, at first a bit skeptical about what it was doing, and I was completely surprised that my money was x5 times. When I bought doge on binance in the evening and woke up with a big profit. Everything new started as swb shared through their twitter, I strongly believe what they are doing, and it would be great if there is another doge. So what's next? Everyone is waiting!

If you buy with the pump, you are going to die with the dump. People act as if doge actually had a reason to go up, sure bitcoin is number one ranked and even though it was pumped, it could take that pump and stay there if it wants, that would take some time and effort but bitcoin is bitcoin and it could do that. What can doge do? Doge doesn't have that kind of investors and this pump was obviously not sustainable, a lot of people will lose money because of it.

I understand that wallstreetbets people wanted to take part in this, but they can't really understand the fact that they are buying and selling from each other, not against another company, in the GME deal they do, they took money from citadel and melvin, here in doge they buy and sell from each other. This is why some of them will lose money, they didn't see that coming and will probably go back to stocks.

Dogecoin got huge fanbases on every social media platforms, which proves that social media influence plays an important role in growing your businesses. I believe, the hype for coins make the price increase.

doge coin is a top coin, its popular and useful .
it has a reason to recover and hyped again in fact this isnt the first time doge pump but it already pumped before.
 if you bought doge and the value suddenly dumped you dont need to panic but wait for the next doge pump but the reason why people got caught out by the dump is because they dont sell fast but they wait for more pumps after they buy .
if they will only sell as early as possible , tragedy will never happen to them .

Right now, it is on a downward slope so I guess many are selling right now, until it goes back to a stable price. These kinds of triggers are helpful for those who have large amounts of doge as their collection. Imagine around 68000 dogecoin is a bitcoin. So those who have stacked millions must have a field day now. The temporary losers right now are the buyers, but of course it might take a long time before doge reach fever heights.

people will definitely believe in famous people, so tweets from WSB Chairman and Elon Musk had a positive impact for the price of DOGE to increase very high and of course it's has been a long time since DOGE prices have not increase very high like yesterday, so that it provides a lot of profit for people who have invested and HOLD DOGE for a long time.

Apart from this pump, I find doge very convenient as between coin for quick and cheap transactions between exchanges. What do you think about further prices? Will it fall down or does it still have upside potential?

I use it a lot for transferring funds between casinos. It cheap and really quick.

I dlthibk the pumpkin over now and thenoruce will go slowly down to the 30sat range.

I don't think Doge's fanbase is the reason. The Redditors are the main reasons why Dogecoin and bitcoin have made a sudden rise in their prices because they switch buying Doge and bitcoin after GameStop stocks surge their price in two weeks and suddenly lose their value. So it happened again because Dogecoin made a massive decrease to its price today that many people have lost half of their holdings and savings, and now they hated Doge from it.

How do you turn $735 into $308?  Easy. Buy DOGE on the hype, then watch it slowly dribble downwards for 2 days before saying fuck it and selling out, returning the remaining BTC to my main holding account.  Shit.  Fuck.  Shitfuck.  I got to get better at timing the market.  After hodling a variety of coins for over 2 years, I sold them all for $8900 in late august 2020, whereas if I had held them until late November I woulda had $16000, and today those same coins were totalling a bit over $19000.  Goddamn fucking bullshit fuck motherfucker.  I need a damn time machine.

Today's question - do I keep my $308 worth of BTC in BTC, or move it to cash to avoid losses when BTC dips down?

That's how exactly how big the impact is when a famous person use a cryptocurrency and endorsed it. Some just only using a #name of crypto in their twitts or in any of their social media accounts. People do trust to the things that a famous person like Elon Musk endorse because they are thinking that Elon Musk wouldn't endorse such thing if he haven't tried, tested and proven. And that is also why DOGE were at high price and hype as in a binance.

Elon Musk thinks he is funny and he is  ;D

Only good thing about DOGE is its community. Why wsb of all coins decided to target DOGE must have been for similar reasons as the Elon Musk Tweet. I am not sure why they were aiming for something with substance like ETH (maybe too big for that kind of pump) or Maker (vital for the whole crypto ecosystem). See how that plays out but right now it looks like that is over. There is new HODLers for DOGE so maybe it settles at 1.5 to 2 Cents next?

Recent insane move helps Dogecoin to reach 7th biggest cryptocurrency by market cap. What a game changing move, dogecoin making history, unfortunately I have lots before however I respect the pump. Hope everyone took profits.

A currency which was built as a joke then growed into a community and now it's all around the gossips because the prices have grown more than 700% which is quite shocking.But this came shortly after the tweets of Musk and then people started pumping their funds from other coins and shifted the momentum towards Dogecoin rally.Thats what happened when you have millions of active followers who blindly trust whatever you told them which is why Musk is exercising such market manipulation techniques to rise the prices for his own benefit as he is one of the potential investors.

Doge is always a coin you need to stock in your portfolio as you will see a pump once in a while and this was by far the biggest pump we had in the coin in a long time and i am sure many booked their profit as it was an unexpected sudden rise and anyone holding the coin for a long time will take advantage of the situation and book the profit. Waiting for it to settle down once again so that i could accumulate again. ;D

although in a day many people feel the pleasure of doge pump, but on the contrary people who buy when ATH has suffered heavy losses, maybe after this Elon Musk will target another altcoin that can be pump up in a short time like Doge.

looks like it won't reach even 0.1 i already sold my dogecoin and split my investment to xrp and litecoin they are pumping right now, i hope i made the right decision on not holding the dogecoin and invest to litecoin and ripple.

do you think it will still bounce back up again soon?

doge use to be just a child's play thing only that we giveaway everyday for dice game but now that its worth more than a cent, i wanted to keep them all for good and see how it could jump right up back again without reason but elon's tweet.  wallstreetbet seem to be betting on doge. if its going to dip back again to $0.01, i will look at it a chance to get more of it.

I guess it could be that we are still in the cryptocurrency bull run, it would be difficult to reach up to 1$ since it would need around 128 billion$ market cap.

Be careful trading the DOGE coin in the market as it could easily liquidate your funds, I already see some people that lose up to 10,000$ in futures trading because of risking it and believing in this DOGE pump.

Everyone already sees it as a short-term investment only, or maybe wait for the lowest price possible again and then reinvest. I would trust another project like ADA, DOT, ETH than this meme coin. But still, we can't deny that the pump could easily make a huge profit.

every 2 - 4 years doge is doing this .. so if wait when its again under 1 cent , and buy it and hodl on it for few years ;)

btw this is highest i ever saw that doge hitted

yeah you're right .. I think it was a very correct decision that you took. because with the total supply of Doge itself this is a very fantastic price achievement i guess.

This is indeed the biggest pump in doge coins. I don't believe in Doge coins, let alone invest. I use doge to play dice and reward someone who wants to use my referrals. I never thought to invest and sell it. But the moment the dogecoin gets high, I have to take the opportunity to sell it and buy it back when the price has collapsed. After that, I will keep using it as a reward and playing dice.

There was a sequence of positive news regarding the Dofe coin. It was total pump. Many people in twitter were writing about the DOGE coin and shilled it to everyone. It`s an unexpectable situation, but definitely DOGE holders are happy about it

Maybe those guys were invested DOGE and they tried to shill it in twitter just showing support of DOGE, unexpectedly it pumps.. I guess they already made millions from it and now Elon Musk trying to shill bitcoin, then let's see what will happen in the next days if it is effective.  ;D

Trader are only maximizing the chance of making a small profit from the increase in the price of the doge as some people may not believe enough to hold it in the long run considering the total supply of the doge is quite large. So they only do short term trade. The risk may be much greater once the price rises high enough. I hope that not many people were caught at the highest level yesterday.

Honestly pump and dumps never really mean anything in the crypto world, they are unsustainable and they are worthless. I think it was Elon again who did something like this before, I remember vividly there was someone who talked about it or tweeted and the price went up super high once again, and it crashed back to old prices once again, it was having hard time before this tweet too and it got alive again once more.

People need to realize these are unsustainable so you can't buy during these periods, if you really want to make a lot of money from it, wait for it to go under 70 satoshi, even wait for 40-50 range if you want to go in heavy, after that you could wait for it to go up again, but a sell order at 250 satoshi and you will 5x next time Elon musk tweets about it, and I doubt it would take more than a whole year, dude keeps tweeting that all the time.

The only thing that I dislike about the cryptocurrency market is that it can be easily manipulated or controlled by few ingluencers or whales. Those who influenced the markets in 2017-18 are no longer in control and now big tech influencers are now simply playing with the market.

What happened with Doge coin is really a big pump followed by dump. The same happened with Bitcoin, In scenarios like this a newbie would be losing everything because the will fall for the FOMO. This is really sad but this is how the cryptocurrency market works.

It is because they are famous, a words coming from a famous individual is very powerful as it can easily hype a certain currency if they like so the same to what happen to DOGE.

But I am pretty sure that there are still other reasons why DOGE are making a good progress as of this moment aside from the tweets of WSB chairman and Elon Musk. And I am happy for you as you were able to buy DOGE at a lower price and you were able to generate a good profit in this hype by selling your DOGE.

followers will definitely follow their idols, WSB Chairman and Elon Musk may be crypto influencers so what they post will have a positive influence on the coins, this time DOGE , who knows tomorrow will rise.
Have fun for DOGE holders

Elon musk is the big idol of cryptocurrency.

When he tweeted about dogecoin followers start buying dogecoin.  This is the important reason of dogecoin pump.

BTW, Now Dogecoin dumping again.

DOGE is a relatively small market. It may have started as a joke but it is the fork of a litecoin fork. There is nothing special to it besides it starting as a joke and growing a big community that as a result of this will keep growing. Was honestly expecting the DOGE price to go all the way back to like 1 Cent but not so sure any more. If more people like the coin and just keep buying it why would it not stay at a higher price.

I believe this doge pump isn't going to be that simple, look how they started coming in and made a big wave.
What that says, when you're in stocks you won't know where your money is going. But in crypto, it is different, even if the projects you have invested, even if it has no value, you still know where your money is.
You understand the problem that I mentioned, how great is crypto, doge is a coin like in this market you already know, and it has been pumped up there is just one way they want to position themselves that they are I am not controlled by anyone.

of course the money that was generated was great even though they actually didn't do anything and just said it then people moved to buy because they heard the talk as if they believed and believed that elon and wbs did it even though it was their own act they believed the price would go up and it happened.and now the price fell again after a very high increase in a short time.

Naturally, we have to admit that there are very many followers on Twitter with a blue tick, indicating there is recognition from Twitter.
it could be what is said to be followed by followers or not, because there are also analysts with large followers that rarely happen. incidentally @elonmusk said all of his followers did, there was a sharp increase in price because there was quite a lot of demand.

but whether this will continue, I do not believe it will continue to improve because this is a common phenomenon that often occurs. but I agree with you that @elonmusk's role is very profitable for crypto and of course DOGE token holders who have not been interested by investors. You can say that @elonmusk is the savior of DOGE tokens and new idols with their breakthrough.

I am glad for a new hype in the DOGE market. Didn't really follow the market for a long time and just hold some older coins I won some years back through gambling. But still its good to see new interest in some older coins.

Since last week, I've already sold and then bought Doges 4 times (again and again making profit). Still don't understand what have influenced on their bullish: Elon Mask or Reddit, or something else, but this tiny coin become very strong and profitable now.

It may hit $1 but for anything higher I have doubts, even with musk and other touting it the valuationis bad over a $1. With $5 that make dogecoin $500 billion coin and at  $!0 like musk said makes $1.1 trillion coin I don't see  it.

$1 is way too high price for DOGE. Maybe we will see a spike to $0.1 but that would be a miracle already.

doge is so dangerous now .. whales are playing with it and when their done with playing a lot of peoples money will be burn.. they will be bagholders of high prices doge coin...

Yep I will buy some back when its much lower so <50 now its way too risky.

The whales got already a lot of cheap doges and could dump this any moment.

That's the right decision, don't follow the FOMO, be realistic all the time and always believe at the possibility of a bear market to come again. We are in a bull market now, it's hard to buy unless you will try to do day trading, if not, be wise and be patient, always wait an opportunity to buy at a cheap price.

if you check the charts , you will see some kind of patern , like every 3-4 years this happens and it began in 2013-14 next bullrun was 2017-18 and now 2020-2021.
next time if i buy doge ( under 20 sats)  , i will hold to  it till the next run or till the end of doge ...

Interesting, so what's going to happen next? Are we going to see a big dump, then the market will be in a bear market before bitcoin will start to rise again? If that pattern will still happen, then probably lots of people are already waiting for it and they will buy DOGE cheap again or accumulate in preparation of the next pump.

Well I expect a big dump in the next week. Maybe they try to pump it again before they dump all but it can't stay at this price for so long.

I dont think it will be back soon at the 20~30 range because as you said everyone will try to buy DOGE at such price.

i think it will be lower than 20 sats ... my prediction is , it will be dumped , the people who are thinking the doge will go rise again, those are gonna buy it first , so the price gonna be steady at 50-60 sats, then they will see that the doge is nothing but a pump and dump coin, it will be dumped  and this will trigger mass dump and than it will be lower than 20 sats --> this hole happening will be happens between 2 and 3 years...

and honestly check the doge coin , what feauture has this if you compare it with coins with real developments ... and check the max supply ---> there is none   and check the circulated amount 128,247,988,881 DOGE...

Is just starting. Let's be honest. Without the push from Elon Musk, Doge wouldn't even be worth a quarter, probably less. If Musk is looking for other objects in crypto space or beyond, the price will collapse and a prolonged decline begins again.

Without Elon Musk Doge would go up but only because Bitcoin was going up. Doge would still be worth 25-30 sat.

Now all markets are losing some but that's quiet normal because they went up too big and too fast. Let's see if a lot of Doge holders will cash out now bitcoin is falling.

So far, doge has had solid support at 100 sat level, the last tweets from mask didn't have a big impact either, only for a short time. We see what comes next, there will be another wave, or coin will drop to its original price

but it is very unfortunate that the uptrend stopped when the bear season came now the price of the doge has fallen deeply from its previous price
just hope this situation is a correction and only lasts a moment bull run fast is back so that DOGE can rise back to its highest price

Doge is a purely speculative coin...
I say this because the value is very much influenced by Elon's tweet, which means without Elon's tweet it will be very difficult for doge to reach the ATH price. *btw, the market is currently saturated so doge is also affected

Going down as of this moment and for those who had bought on peak prices then for sure they are really experiencing some losses now.
One of the cons when you do get yourself caught in FOMO on where you do really be ending up on holding those coins and waiting up
for the recovery but it seems we would need some another hype from Elon or other billionaires out there to make out some significant move
for this coin.This is indeed a speculative coin  just like with other coins in the market.

make sense.
Doge will pump again if there is another hype and FOMO again like what happen by Elon Musk. I personally still wonder what can make this coin pump so high again without any fomo, s far, I think there is not much.
Many people are trapped in DOGE and still expect another bump.
Let's see whether their expectations will happen again or not. 

after Hitting the ATH early this month , Today Doge rally seems to be fading because from the All time high of $0.08 now it seats at $0.04 meaning that's a 100% fall in just 15 days.

though i believe that dogecoin is one best currency to use yet the too much Volume is the problem why many investors are distancing from this one.

and I have read some post that they would rather invest in XRP than Doge in which i find stupid comment lol.

but what you say can be understandable because many respected people always provide analysis that is not necessarily correct. and obviously it can disrupt the market.

but it is different from @elonmusk because he is not only analyzing but moving to buy immediately. the real consequence is that the price can increase and that has been done with bitcoin. Doge has also made an offer but there has been no real response from the Doge team to date, if we read @elonmusk's tweet.

I could not have imagined that the value of DOGE would rise so fast. A few days ago I also had a good amount of DOGE. I sold all the DOGE but did not know that the value of the inserted coin would reach such a level. I hope the value of the coin will go up a lot in the future.

stay up to date with existing developments from there we will know how market conditions will move up or down, I still believe doge can go higher than yesterday for now I placed a buy order at a low price Hopefully that happens so I can see my Doge investment going down or up

l do agree with your opinion Elon Musk's tweet was the first reason for the price increasing of Dogecoin. It would be very difficult for Doge to reach the ATH price. Maybe Doge can rise in the future again, however, it will take a long time in my view. l prefer straying away from Doge, there are also other successful projects except for Doge. As you above said the market is really saturated.

Famous people like Elon Musk is holding a huge amount of this coin, basically this what's affects the price because people find an assurance based on how popular Elon was. Fortunately, the latest news I had read everytime Elon got a statements which positive coming from him, it creates more interesting stories and demand suddenly spikes an amazing percentage.

dogecoin will go back to its normal value over time. it is now overvalued thanks to Elon Musk. I think investment at these levels should not be made. the price is 10 times higher than it should be.

Tweets from famous people like Elon Musk affect many people, even besides doge, Elon also tweets about XRP and Bitcoin, it makes everything
pumping on the exchange. It doesn't hurt to wait for what next tweet Elon will tweet.
Doge's price is wonderful right now, and many people have benefited from the blessing of Elon Musk's tweet.

By the tweet of influencer dogecoin soar high in the market. Even it is trending in the social media we must be careful just invest on what you can afford to lose. The market is always volatile so glad who ride with the trend during the time it is reach all time high.

https://www.youtube.com/watch?v=adN9ifn5TIY

That's because the community has always taken seriously the words made up by famous people and famous people whose community believes they can easily manipulate whatever they want.

In fact, Elon Musk's tweet, This is not a SpaceX rocket that took off from the ground and landed on the moon, And so he gave a sharp push for doge coin, in order for Doge to get to the moon, for example, $ 1, he needs to be constantly nudged. It is unlikely that Elon Musk will constantly tweet about Doge.

Yes, that's what going to happen. After all the hype becomes weaker for this coin, it will make the price of doge lower.
But you can't stop those investors that still wants it because it's still fresh on them about Elon's tweet about Doge.

After the hype is over, the doge coin will be restored. Now it's 0.05 usd, thanks to Elon Musk. This coin would not even be in the top 100 without Elon Musk.

Isnt before Elon Musk tweet Doge already on top 100 on CMC? I try to found out about it but couldnt find any info about it.

This is the world of cryptocurrency ... anything can happen in it, the real example we see is the DOGE altcoin, previously this altcoin was a discarded altcoin, but now it has transformed into a valuable altcoin and is calculated by everyone, it can be said that DOGE has increased.  Because the tweet of an Elon Musk that boosted the popularity of altcoin DOGE, our hope is that this altcoin price can last, and can be an example for other altcoins,

I'm almost certain that the individual holding the doge is at present celebrating. I trust that other well known altcoins will likewise siphon before long after the cost builds that have happened for Dogecoin. At the point when Elon Musk tweets about Doge, Elon Musk's devotees will have another attitude toward Doge. All in all, supporters can see the nature of these resources through their deities.

Moon is so close for Doge :)


https://i.hizliresim.com/72XaOc.jpg (https://hizliresim.com/72XaOc)