Bitcoin Forum

Dogecoin, a coin created in 2013 as a joke, has become the 4th,
cryptocurrency in market capitalization. Dogecoin with a market capitalization of 54 billion dollars, late last week when its price did an all-time high of $0.43  the meme cryptocurrency has witnessed great support from high personality e.g Elon Musk eco, Tesla.

Since the creation of dogecoin on April 20th has been celebrated as dogecoin day, a day where dogecoin fans take a day off to celebrate dogecoin. This has been the tradition since the creation of the coin in 2013.

Analysts and experts have predicted that this year’s celebration will push the price of dogecoin to $0.59 a new all-time high.

What are your views on this?

My views are Dogecoin has become a pump and dump coin highly manipulated by a billionaire's tweets. 67% of Dogecoin supply is owned by only 99 addresses.

I've been a huge Dogecoin fan and supporter between 2013 and 2016 and gave away tens of thousands of Doges, but I don't like what this coin has become now.

However I hope it will reach $1 so I can cash out into Bitcoin and round up by BTC reserve.

Dogecoin has recently shown impressive moves, perhaps this advance is set for the day of Dogecoin, and today it is still at $ 0.3996, with a steady move like this the possibility of going up towards $ 0.59 is still wide open and I believe Dogecoin will be able to do it.

It's just a matter of making use of the opportunity. This is really surprising to have come from doge only because of Elon musk influence. Everyone is simply after the profit to grow their Bitcoin holding and cashout big. Just do the needful.

Well, Elon Musk will do something bigger later which might surprise everyone in the industry, i see a situation when he will dump his doges on enthusiasts and start another project pump again, so, it's better everyone be caution about dogecoin. The manipulation in the market is very high and just a mere tweet from Elon Musk everyone be buy dogecoin without research, let be careful IMO.

Well it's been one of the hottest coin we have right now, it was massively pump by some individuals, groups or other entities, so I wouldn't be surprised to see it getting another all time high again, regardless if it's anniversary or not.

So all I can say is that we don't have to be greedy, we might be caught inside this pump and dump scheme specially if we bought it at the top, so be careful. Don't be greedy, because you don't want to be part of the growing statistics of investors who bought doge but loss some money because of manipulation.

For those who are really new into this, they should really assess themselves if they want to ride in this hype. Because as you said, they may be trapped into this situation. We don't know how long Elon will support doge by posting random tweets. And for now, that's the only reason why doge is enjoying the market. But I do like doge before as it is one of the cheapest alts you can use for transferring coins. But lately, I am seeing that their transfer fees are also getting expensive.

I'm still exposed on Dogecoin for a small amount but I really think the community will push it close to the dollar maybe it will hit 0.90usd but it really showed how strong it is.
Unfortunately, however, I believe that after the day of the memes the dump will begin.

What I saw today in this crypto space is highly unbelievable. It's like a departure from the norm. Dogecoin pumping didn't come much as a surprise since it's been pushed by billionaires club and fans. What surprised me is the way shitcoins are pumping no stop, forcing Binance to issue a temporary restrictions on BNB withdrawals on binance due to the massive outflow been used for trading on BSC dex.

I’m not buying it though I only want it for free from faucets just like the old days. I find it dangerous to invest in this coin specially that it has less purpose, people can only make money with this when it pumps and nothing more significant reason. It only gains attention when shilled again and again by a Billionaire.

Thanks for this information Sir, this is the only time I discovered that the holders of Dogecoin could possibly 99 person or below only.
Where this was really obviously a pump and dump concepts only. So if this will take 1$ I think I need to buy this even for a little amount of it ;D
But in fairness you have a good plan once get earn on this Dogecoin Sir huh.. Good luck ;)

I am really not believing that dogecoin can reach like 0.4$ but it has been happened, the credit to Elon because of is all view point of crypto and support giving more boost and  I hope dogecoin can reach 1$ very soon.

No one can know what the price movement for DOGE will be today on doge coin which so happen to be doge coin day. But like other holders, I'm expecting the price to surge to a new price level, preferably a new all time high before the day finally comes to an end.

No one did believe that dogecoin would be one of the biggest cryptos in the world in this bull as there are most better and feature rich projects comparing to doge.

For what DOGE was supposed to be in the past, namely a meme coin, I think we are witnessing an interesting experiment here. This shows that community efforts alone along with fun, passion and emotional attachment can mobilize a lot of power and capital to bring a coin such as DOGE thus far!

Yes it may be a pump and dump to some degree, but which coin isn't? Does Bitcoin get pumped and dumped from time to time? If would say yes.

DOGE turned into a gigantic financial fun coin and that is interesting in and of itself.

I did not bookmark or set up an alarm in calendar to remind me about the birthday of Dogecoin. Thank you for this information. It is a reason Dogecoin rose last two days. The rise is a gift for Dogecoin birthday.

But wait, is it a joke?

The Wayback machine saves the data (https://web.archive.org/web/20130515000000*/https://dogecoin.com/) for first appearance of Dogecoin.com is 7 December 2013.
Some other sources don't show the birthday at 20 April. Dogecoin birthday on Reddit (https://www.reddit.com/r/dogecoin/comments/5gzrqh/dogecoin_birthday/) or History of Dogecoin on Wikipedia (https://en.wikipedia.org/wiki/Dogecoin).

It is not really dogecoin's birthday on April 20. It is a joke holiday in the United States for people who enjoy cannabis. 420 is just a funny number and that is why it has been adopted by the dogecoin community. We also hear a lot of 69 jokes with regards to doge because this is also a funny number.

I see quick returns if I join dogecoin, but up to this point I think quick returns come with many risks. I suspect Dogecoin will soon surpass $1 as it has received a lot of support and interest from investors, but it should also be remembered that it has seen a lot of growth, which is still in this market  lots of other opportunities for everyone to get involved.

Well today is that day and lets see how ever better Doge Coin will perform because it has really done some good numbers in the past weeks/months and yes due to the influence from Elon Musk and since gathered some support after that, it seems that Doge Coin is continuing its upward rally with current trading price @ $0.40 close to its previous ATH.

Dogecoin is unreliable so it's better to take advantage of the hype and high price to make more money, that's all, no good use case here and is been hyped by millionaires and billionaires, of cos they also want to make money and at one point they will take profits

It will be intresting to see doge price after the end of recession

Of course, the achievement of dogecoin's highest price this year is truly remarkable, and I am sure that in the future Dogecoin can reach the highest price up to $1 let alone currently dogecoin is fully supported by Elon Musk who is very influential in investing, and for the future Elon Musk can provide dogecoin value to the highest level.

this only proves how strong the role of a popular figure to the community in the cryptocurrency world. Just let's admit that dogecoin is literally a meme or joke coin without any utilities, but thanks to Elon Musk, a popular figure in the business field who could bring doge to the top. Top influencer really has a great impact in people's investment decision, but only Elon Musk could make the crypto world do a flip. I hope more and more people like Elon Musk come to the crypto sphere and can do this kind of thing to my portfolio lol.

I admit investing in Dogecoin this year was very exciting, because the price is very volatile and the increase is very drastic. This is because the tweets
made by Elon Musk, make Dogecoin's price very difficult to predict. I agree if anyone says Dogecoin is a pump and dump coin. So be careful when
buying Dogecoin, because I rarely dare to invest in pump and dump coins.

God, who would have thought that the price would reach $ 0.59 is fantastic, I remember playing with this cryptocurrency 3 years ago and had about 90к coins, of course I sold them a long time ago and only a couple of thousand remained. But I'm glad I have at least something left.

December 6, 2013, was the initial release. But, it doesn't matter.  ;D
Just make your profits out of the coin that is being hyped and then leave it.
If there is an opportunity to buy back at a cheaper price then just buyback. Play with it just like how these manipulators do things.
Always be wary about your surroundings though because just one bad moment and everything you invested could vanish.
I hope when that happens you are already at ROI or better.

Two chocolate brands began to shill  dogecoin adding #DogeDay hashtag to their tweets. Those involved are Snickers and Milky Way. The latter stated " to the Milky Way not just the Moon”.  (https://ambcrypto.com/snickers-and-milky-way-are-now-promoting-dogecoin-and-dogeday/) (That statement is not quite clear for me because our Solar system belongs to Milky Way  thereby Dogecoin is already inside this galaxy.) Would be cool if Shiba Inu image appears on the wrapping of their chocolate bars.

I'm afraid Dogecoin can be very dangerous. Its rise is unbelievable and it's not due only to Elo Musk tweets but, I think, it's like a FOMO without any particular reason. 

well, I thought the same thing. but right now, we see the impossible become possible. even when Elon Musk writes something about doge, the price of doge will go up. however, I also waited until the doge price hit $ 1. Well, I don't know when, and if it could happen, but let's see.

They will take profits, that is for sure. But we have to admit that DOGE surprised us not only once in the past. It somehow always made it to the top of the list, I don't know how and why. Maybe there was someone big behind DOGE from the very beginning. Who knows who is really in control? Who knows who might be pushing millions and billions into the DOGE market just for fun and now with serious exit options?

This seems to me like there are some serious business people involved. How in the world could DOGE otherwise achieve that market cap?

Just wow... as the DOGE people say! :D

I am not surprised at the dogecoin price as they created the coin as a joke and that anything can happen at its price. Today is already April 20th let wait for a see if the dogecoin will reach $0.59.At, the time of this post dogecoin is last sold at $0.38 so let wait to see what happens in the price before the end of the day.

Well I wish you and all his legion of fans good luck when he finally decides to open up his wallet of doges and spills them out to grow his next Tesla empire.

It will end badly I think for millions who thought this would be free money. I could be wrong and hope I'm wrong but hope is the thing that breaks first in crypto...

I think it was a joke $54Billion MarketCap is more than the MarketCap of the many real-world companies, this is crazy for me It was a false hope because the price will return to its previous level soon after those 101 wallets that were holding 67.7 percent of the Dogecoin total supply unload their holdings, I'm sure many investors will cry on that day that's why if you are still in your right mind you better sell it now until it was not happening yet. because I believe that price will not last for long. and Elon will laugh at us! I was already sold mine    

If all dogecoin fans holder, unites to hold their dogecoin  in this event of dogecoin's creation day, doge will probably reach that price of 0.59 usd or more. But we also can't deny the fact that many are still afraid to buy dogecoin because they think this is just a joke coin and have unlimited supply.  But also right now a lot of people are turning their attention to doge so it might increase the price in the next few days or months.

Soon people will start to try to remember all the logins from faucets and gambling pages, where they had dogecoin leftovers :D

I dont think that today something special will happen with dogecoin. It has already gained more than 400% in price in last 7 days. That is enough for now. Hope Must will understand that and wont try to speculate again, as his other beloved cryptocurrency is in danger and might lose dominance significantly. Which will cause funds to outflow from crypto.

I am really shocked about the situation with those coins. The really joking and fascinating situation. The trading volume is not very impressing, and the all power of Dogecoin is that it is talked about a lot, and that is all. The more it is talked about, the higher the price. The Coin of enthusiasts. The more interesting situation will be when nobody will talk about this coin at all, especially very famous people.

Base on top 100 richest doge addresses
https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

If the majority of the top addresses are owned by elon musk, I think it is make sense why elon musk promote dogecoin.

I think you are not alone because people are shocked to see the situations of Dogecoin. After all, I guess many people involved in the crypto world will never think that Dogecoin can jump to the highest price ever.
People who have Dogecoin are really making a big profit this year from Dogecoin because they can sell the coin at the highest price and some people predict the price still increase this year or next year.
This coin position at CMC will also jump to the fifth position and beat the USDT place. So this coin can rise more later.

It fell around 13% on the day when experts said we could reach new all time high by this day. Bitcoin is still influencing the crypto market, there is one single reason causing the bitcoin prices to fell which affected the entire market cap of cryptocurrency.

DOGE was a good coin to hold but it is now becoming a real joke coin of Elon musk when he wanted to bump and dump its price he just makes a tweet. :)

I have the same thinking. Elon Musk became the god of most of the people since he is mostly controlling the market trend of doge and that is not how crypto market works. I am not against for those people who bought and hodl doge, I am greatful for their huge income. I am just afraid and anxious because doge is slowly changing how crypto supposed to work.

Dangerous because of what? if because of the resurrection I don't think it will be dangerous for anyone because traders who have bought at a cheap price will certainly be very happy with the revival of Dogecoin as it is today.

Truely i want to admit that dogecoin prove me wrong at this point. What i thought that price truly depends on supply. If supply is high then its really deficult to reach a higher price. But i tottaly becomes wrong and dogecoin proved that supply dosen't matter only the matter is demand.  And demand can reach a project to moon. Well at this point i want to remember sir warren buffet strategy when he wants to invest in stocks he dosen't saw about price he just saw about what is this company?  Is this have any future? Is their team well? Is this company has enough strongness? And about its future road map. I think i got the proof also of his line. Truely doge you made me cry because i sold you at 0.001 or 0.002 price per doge almost 400k.

Dogecoin proved only one thing - that during an outright bullrun and huge marketing support from influential structures and people, even a coin like Dogecoin can easily fly to the moon. What does it mean? Only one thing - when the time for correction comes, the fall of Dogecoin will be rapid and huge. Therefore, everyone should remember about stop-limits and fixing positions)

That's right, the advice you are giving is obviously very good because basically any token that can go up sharply as a result of some influence on it, then the token can also fall very sharply when that influence is no longer working properly on it (Dogecoin).

but that is how the crypto market works with a lot of altcoins. You used to have ETH people worshipping Vitalik Buterin, Verge people bowing to John McAfee, Charles Hoskinson is a cool guy but he has his Cardano armies. Not to mention Roger Ver and his Bitcash legions.

Crypto has always been this way, why feel annoyed by it? Just accept it and be happy you're not like them.

Dogecoin is on the board of hodl noodle!  Limited edition park of 6 bowls for $24.20. (https://simply-food.com/products/hodl-noodle-pack) It's   very controversial product as their "noodles are 100% Vegan". I don't like neither  vegan foods nor dogecoin, I like meat and BTC.  Are all dogecoin holders vegans? I don't think so.

Did you know bubble? FOMO without reason is not a new thing in crypto. Doge was growing up due to the some whales bought billion worth of doge coins and this should be the reason.
Doge is going to be centralized as the majority of circulating supply is holding by the whales. The only danger if the price can be dumped again anytime.
People that didn't wanna deal with the risk must not buy doge for now.

What happened to the Big day of DOGE? I don’t see any big pump just pure hype here and manipulators are happy right now because they lure many people to buy and now its time for them to sell slowly but surely. DOGE is good on the hype and FOMO, many will be trap so be cautious on buying DOGE, TAYOR!

When I first entered the crypto world yes around 2013 until 2014 I got a lot of free Doge coins on Twitter. He handed out many Doge coins for retweets. It was a lot of doges in my wallet and if I knew the price would be like now, maybe I would not sell my tens of thousands of Doge coins. especially now Doge becomes hype because it is supported by Elon Musk as well.

In my own perceptions about this dogecoin, it was just pumped up because Elon Musk bought a billions of Dogecoin and no
doubt this was the main reason why all of a sudden price value spike in the market. However, this is obviously a temporarily only.
It will be poor for those people who will fall into this trap. You'll see when the right times come. :-\

Everything happened the way it happened before. The crowd was lured to buy at the very top of the price .... And as a result, we see what is happening now. The market went into a correction, and the newly minted owners of Dogecoine left with an unnecessary coin to anyone, which will drop in price a lot of. These are the realities of the crypto market ...

I think the magic around dogecoin is over and honestly I think it has to go back to normal, seeing DOGE in the top 10 was a huge milestone and demonstration that a strong community can affect markets in the same way as big whales... but for who sold at 0.40usd there was someone who bought and this is not good for the image of cryptospace even if it shows how this market is fairer than many other "regulated" ones.

I believe there will be a time when doge coins will dump to the deepest bottom sometime in a few days, so if you have benefited, don't hold this coin for too long and switch to bitcoin, remember this is made just as a meme that can destroy your investment at any time.

As much as we don't like that to happen, but sooner or later we will see Doge being dump so hard and will go back to it's bottom price. Now it's down -13%++ and I will assume that there could be more incoming dumps.

And for those who have made money already, you should be happy that you have ride the hype early or at least bought it in 2018 and hold it for many years. No need to push our luck though.

I think the rise of Dogecoin that much is detrimental to other altcoins. It is a separate case that it has passed btc in volume in the past days. Those who have previous experience do not buy doge from here. It started to withdraw for the last 2-3 days. Let's see how far it will go back. When the bear market comes back, I have the idea of ​​picking it up little by little, throwing it into your cold wallet and hopping for a long time.

So all traders. Miners know doge is and was a very well backed coin.

LTC/DOGE mining with antminers L3+ means the network is very very very safe.

The only safer coin would be BTC.

eth is centralized and while well backed if mr v dies it would crash as others fight for control of the coin..

not one post in the thread mentions the security of doge.

It makes the coin have value.

as to 1 cent
or 2 cents
or 10 cents
or 20 cents I don’t know.

back the asic backing is very solid for the coin.

I'm with you here. High chance it will be dumped. Don't trust the rich people. They will try to always benefit from anything using manipulation of the market.
That's why they are now loving to invest with cryptocurrencies. Somehow they can shake it using their money.
I'd also sell at this point or better the last few hours that it pumped so hard. They will be dumping it, no doubt.
They are creating something out of nothing in fast pace and they don't want to miss the train that's why a selling point will always be there.
It's not really the long-term investment type.

The pandemic and the Doge pumped are just two of the things that made me realized the unpredictability of the market, nobody saw these two comings, I just don't want to calculate how many dogecoins I sold in the past, it's just too big that, just enough to make me huge profit, I just hope that some of the coins and tokens I'm holding right now, will have the same fate like Dogecoin.

well, if we look at the coinmarketcap right now, almost all coins is in red zone. we cannot predict the market but at least we have to do something to minimize our loss. Dogecoin now is $0.21, I think we can not just believe in what Elon Musk said and hold this coin as a long term investment.

What i learn from this coin is everything is possible in crypto, no one think this coin gonna rise very high and can stay at top 10 in CMC.

But, i don't think this coin can rise again like previously after this correction (it just my opinion), no offense for DOGE lover  :)

Naturally, most people would regret selling their Dogecoin too cheaply. I also regret: - \

But I still don't believe that Dogecoin will be any good to hold in the future. I think Dogecoin is only good for speculation. not based on usability

It's still posible to rise again. But holding without a good reason, it's same like buying an expensive loterry and hoping to get a jackpot

The Bitcoin correction made it clear to everyone that no coin can survive during the Bitcoin correction. It doesn't matter who promotes some coin. Dogecoin has shown one of the largest drops in this correction, so be aware of these scenarios whenever you will buy something on the highs.

The reason why it takes off is because of the hype and the community pushing the price to another height, and not because it's important, its only a meme coin, what will it do to the community, those people who bought this coin has already realized it yesterday, when the price of bitcoin plummet and wipeout others portfolio, others lost millions yesterday, even the strongest coin will not survive once bitcoin price goes down, and you were right.

True because everyone is still under the pairing of BTC, that's why every crypto is affected, regardless if you have been shilled by Elon Musk or not.

I'm sure Doge investors though or at least those who rode the hype still thinks that the price will still rebound and get to at least $1.00. It's going to be a long road for Doge, currently pegged at $0.25. It needs more hype again to break into the $1.00 barrier.  :)

They forgot to celebrate? It seems nothing happened on 20th April for the reason of celebrating dogecoins.
If your information are true, we might have seen something big on markets but nothing special for dogecoins on 2oth April.

Moreover in this April month, Dogecoins found its biggest rally in history but not on the particular day you have mentioned. I suspect you like you tried to pump dogecoin prices just by having this topic? I read dogecoins devs are not that active but the community only appreciating the value of dogecoins and taking it forward. I do see many people do call dogecoins as a dead project.

of course this is great for all doge lovers and those who invest there.
but basically this coin for years now focused only on the pump of an elon musk. and this is very risky when an elon musk does not make a tweet or even if elon musk leaves this doge I think the coin will end and it will return to its original state because basically this coin is like elon manipulation coins only.
but this is just my opinion because I am also a connoisseur of doge and I am happy to benefit from it and this I am very grateful to billionaires like elon now :)

it's already up alot. it's easier for Dogecoin to fall by more than 50% than to increase by 50%.
i think doge is overvalued right now. but no one know for sure. most of Dogecoin whale still hasn't done anything yet.

in my opinion bitcoin is the most decisive crypto currency of every condition that exists in the current crypto currency market, because as you said, the relationship between altcoin and bitcoin is quite large and of course in terms of bitcoin it will greatly affect the movement of altcoins in the market because of the large number of bitcoin as an altcoin pair,  So, the correlation between bitcoin and existing altcoins only centers when people start taking profits or cutting losses on Bitcoin, choosing Altcoins or fiat.

https://i.imgur.com/IIjdCQM.jpg

Today we see a lot of interest in dogecoin and it is only because of one man "Elon Musk"  :)

My bad mate, I'm just not a fan of capitalism. I just hate the idea of a certain people or group of people are the one who controls an asset or properties instead of the state.

What happens if the state is ruled by someone who is not capable of making things good and the private sector will take care of certain things because they function for the sole purpose of making a profit. Since you are not happy with certain people having more control over things then how come you are happy about the state controlling everything  ::).

It is what it is, started out as a fun coin and Elon Musk started out as fun tweets and now they have huge investors and even the developers had to wake up and upgrade the software so that it works fine with the influx of new users in the network.

Well if the state will control an asset, there will be some consideration about the economic status, stability and ability of the people to caught up with the pricing, demand, supply etc. Those things are absent when a private stakeholders/investors take over the control of an asset, well atleast in my country and some countries too. Private investors will only think of what is great for their own properties, not on the welfare of the people.

Yaa,, .but I don't think that i am willing to risk my capital by hold/buy dogecoin at this current price ever.
Already sold the rest of my doge at 0.3$. I don't think to consider to buyback above it even i am a fan of elon musk.
Money is money. Thats it