Bitcoin Forum

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings :D

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash

We are all unaware of what will happen on the 8th, just because Musk tweeted, everyone has been pumping the price, thinking that they will make a profit by then. That is why in May 8, I also believe that the air inside doge will come out. But he can also do anything doge supported. Maybe it will be such a news that the price will be pumped to unimaginable places. Let's see if Musks' pockets are full, or if he still has pockets that are not fully filled.

There will be many people sell doge coin if it getting pumped on Saturday night live.
You can see the volume of the coin is increasing even now, many people already started to accumulating doge coin.
On the other hand, bitcoin price is a little down, maybe some people converted their btc to doge to take advantage of this pump.

Doge became pump and dump material. So, it's difficult to say whether it will pump or dump. In most Technical Analyst group, there is fud that it may burst. Let's see what happens.

If you want to join with that, you need to have Dogecoin and if you can buy at a low price, that will good for you because you can sell your Dogecoin at $1 (if the price really reaches that price). If it is not, maybe you need to wait for some time and do not panic because I think the price will be up and down many times, making your heart beat faster.

Yes ,, this is the right way to own BTC by selling our DogeCoin. and I am very sorry that a few months ago I had Doge and squandered it. I never thought that Doge's price would increase like this ..

Doge will touch 1$ or not it will depend on what Elon is going to announce. But I do not think it will reach 1$ even he announce that people can buy tesla with dogecoin. Also when something is running for too long its value or power will slow down with time. No matter how influential Elon musk is doge hype is running for a long time and if doge somehow hits 1$ people's sentiments about doge will go bearish and we may saw a huge dump in a day. Also, I do not think investors are now interested in buying dogecoin after its price reaches its current level.

It seems still speculation by people but the second wave for doge coin already ended and we may see another huge increase again happens with doge coin very soon. That could be a signal for the bubble burst but im not sure about that as per my speculation of doge coin was not reaching the third wave and it will be coming as soon as possible.
Elon was posting it on his tweet and it might have inside his tweet. That's a very interesting story to be watched.

Dogecoin price has increased a lot after Elon musk tweet. All the people are buying dogecoin now. So I think it is very easy for dogecoin to reach at 1$. I am waiting for that movement 8)

Yes. the thing that the Doge community is eagerly awaiting and this will be a warm conversation for several days after the event on that date it is certain that the price will rise sharply, but the sharp decline must also be taken into account by the User.

Avoid FOMO, if you don't want to get into the trap made by a crypto whale who is called Elon Musk.

He is publicly stating everything which means he wants to take the advantage of the emotions of all those investors and reap profits from it, be smart!

No one knows when the bubble will burst for dogecoin but it will happen for sure. It's mainly a meme cryptocurrency and the value of this coin is only skyrocketing just because Elon is supporting it. There is real value proposition behind it.

So unlike bitcoin, dogecoin's value will collapse once the bubble run is over. Just no one knows when it will happen. Till then, mint as much as you can!

The doge might also hit $1 because it is again 40-50% up after so-called DogeFather Elon Musk tweeted about it and then his blind followers just made huge investment in the market pumping prices to $0.59 on CMC.Doge valuation has now become more than entire Ford and Honda company.And all this because of Elon Musk and people blindly investing on his directions.

This pump and dump scheme will end soon when Musk will cash out his profits but at that time the doge market will crash badly and people will loose huge funds like they have been scammed by some ponzi scheme.His popularity is driving him to manipulate the market with coin with no technical development other than payment option and making meme coin pump so high.But all this is a temporary run and people will shift towards other top cryptos after all this is over.

Since the beginning, DOGE is a typical pump and dump coin. This time, the price is getting pumped every day, but the time will come that the bubble will burst.


FOMO is real, a lot of people, without any knowledge about crypto read something about DOGE and want to invest in it. I think a lot of people will suffer severe losses ...

Bought myself 10 bucks worth dogecoin. I want to be a part of a history too. I dont think that on May 8 dogecoin price will reach 1 $. More likely something interesting will be announced and that is it. Elon Musk can even troll everyone by doing nothing May 8. Dogecoin crazy pump has already stopped at the mark of 60 cents. Cant wait for dogecoin to become top3 altcoin.

Not only Elon Musk helping the doge price to surge. Few other whales and platform also trying to make the price bubble of doge. And most of them have the intention to dump their coin largely while it will reach at a certain level. So all other people and investor will fall in the trap who are investing in doge at higher rate. Seems like people are investing in dogecoin for making profit in short term, not for long term holding.

I have no idea what is going on with Dogecoin as the price keeps on rallying and it looks like the market is dominated by the rally from Doge and ETH but later on BCH and other coins joined the rally and finally Bitcoin. Even now i cannot imagine the price of Dogecoin going to a dollar but considering all these pumps which i never thought would happen i wont be surprised if it moves up further from this valuation.

This is crypto and anything can happen, that is to say, you might be expecting a dump or correction on a coin only for it to keep going up thus defying all odds, in the same way, you might have much expectations on a coin only for it to disappoint. What I am driving at is, no one knows what will happen on May 8 as you can't really predict this market, and in this current market, many analysis and so on has been defied by various coins, but however fud is a very strong factor in this space, so if you felt like taking profit it's still a good idea or you want to hold, it's still your own decisions since many are targeting $1, and moreover those who held Dogecoin till now have earned so much.

Doge had been a pump and dump material since 2014. But one of my friend firmly believe that Doge will leave that behind as he reasoned out that there will be lots of establishment to accept Dogecoin.  He also believe that on May 8 is the big day for Doge and I am curious what would be that Big day on May 8, if its the bursting of bubbles that would be a sad day for the Dogecoin late comers (those who bought at peak price).  But we really don't know what would happen so I guess many of us will be waiting for that day.

I think the answer to this question is absolutely yes. Especially in my country, there is an incredible DOGE craze. I had friends who suffered from panic sales today. DOGE is all about gambling now and I think traders should think about it 100 times  :-\

yea but the funny thing is people are not investing in kt for its merit of being a low
cost payment mechanism, there are plenty of others with cheaper transaction fees.

who ever is holding this $hitcoin, be sure, be very sure you are in a position to sell
because when it bursts its going down fast, those slow to react will be hurt.

I don't know i don't believe Elon Musk's predictions, unless he gives him some other help (tweets?) i don't think doge will reach $ 1 in 3 days, even if in reality i would be happy the higher its value is more other altcoins can be buy

The bubble with Dogecoin is very inflated, and many do not even guess what they are getting themselves into when buying it. It is possible that the coin will be in trends for a long time and at the top of the entire market. But in a global perspective, this bubble will definitely deflate the fastest)

If it gets near 1$ its perfect time to go short. I'm waiting for that. If it happens it happens not really interested in hype project like that.

Right now it is about 60 cents or so, that’s as high as it has been in history (even though it peaked above 67 cents for a short burst) and that is really unexpected, I believe it will definitely change somethings in the crypto world. With the SNL sketch I am sure that it will not really be a bad deal, it will probably not only go up, it will skyrocket. Don't get me wrong I find this increase as weird as any other old head, these new people who are from WSB I suspect all ended up doing something we couldn't even imagine, they all aped into something they shouldn't but they have done that in GME and AMC as well so I am not shocked about their power.

Plus they are making so much money that they do not care about putting some more into it, they make money from one, put it on other make profit there and put it on the other. So this SNL situation could seriously increase it.

I'm hoping that you will sell it and put your profit in bitcoin. But what if $1 didn't meet by that day? do you have another plan to keep holding it or you're already in profit.
And if that price fails to be seen on that day, you'll sell whatever the price is?

I think now every time Elon Musk makes a tweet about cryptocurrency it will be a sign that the price of a coin will go up, ELon Musk will use this to easily profit. congratulation holder Doge

This is a very interesting game they are playing. If they will really put their funds into this. $1 is very possible for doge. But what happens next is yet to be seen? If it will indeed hit $1, I guess, for those holders, better sell some or all of it. Because high chance that it will go down afterwards. What will be the reason that it can sustain the $1 or more? Are these people going to inject more funds forever?

The hype of this coin is getting too big. Honestly, I don't like this current situation right now, not because I am jealous that many people have profit from this, but for everyone who being through 2017-2018 period, I'd better invest in a project that has a real product than coin that go up just because of the hype.

We don't know if the bubble is going to burst or keep getting bigger by then, we just have to wait and see if Elon live show will bring a positive effect on dogecoin or negative effective, for now let's sit back and wait for what's to come, cause sometimes these media houses just make little things look big, sometimes they can even cause panic among crypto users, so don't believe every thing you see on those media websites.

Finally, we got some news about Dogecoin. Definitely we will see a dump surge of Dogecoin. Whether Dogecoin crosses 1 USD or not, maybe this month we started to get the final value of Dogecoin. After 8 May, we will know how Elon Musk has been pushing up the Dogecoin. Before the fourth quarter of next year, "Dogecoin" will be out of the top 30 altcoins.

we have two possibilities in that date. maybe fomo will stoped and doge holder will start selling their bag to take profit. just for information doge price already rose extremely and we should carefull if suddenly drop. and second possibility when elon musk said doge was as an alternatif or used as mass coin which is everyone could have it.

Those people who are holding doge should be attentive and give enough attention to doge market trend starting May 7 to May 8. Those dates are so dangerous because millions of people are waiting and taking an eye for doge to pump. If they didn't watch its trend, they could lose and left in the air in an instant.

dogecoin has become such that it only survives on tweets. Without tweets, Dogecoin would not be able to rise at all. Of course, I think Dogecoin will fade out one day. it can't go like this forever. these rises are hollow ascents. it shows rises that can easily decline. Dogecoin is a coin that is invested only for the purpose of enrichment, understood as a tweet investment order and put money.

It obvious that everyone now wants the price of Doge to rally to a extend that we never thought possible and what surprises me is that the price keeps on rallying and if you think that it will follow the same path like XRP then they rallied from that slump and the reasons behind that correction was the SEC lawsuit and still it was able to overcome it and cruised over a dollar after that crash.

I own 0 doge and i have been supporter of cryptocurrencies since 2014, it is really scary if dogecoin bubble burst. Look at this coon rich list. Many people will dump it, their github littlebit active nowadays but its not indication this coin is worth $0.60. Let see what happen in 8 may.
What do you expect from coin that only up because one person tweet ?

" Buy rumor sell news "

I have heard about the developments up to that date, I have been working in the field for many years and I have also extracted 10% of my assets to buy doge coin since it was noticed by Elon Musk at that time. It costs around $0.004 and I am sure it will be fomo higher than $1, although I also think it is risky and those who are using all their assets to join are really stupid when they are in short supply formula for this market.

How amazing to see doge coin price is very high. Elon musk supported doge coin and even big company is engaging en doge coin now, when i started in crypto world doge is only at 20 sats and now doge is in top5 in marketcap. Literally doge coin is in sleep for years and now dogecoin is making all time high and everybody is keep buying.

yeah maybe that would be the worst case scenario for doge. May 8 will be the determination for future doge's. and how is elon going next, what will he say next. this is still an interesting thing to note.

it depends on what he will say about the doge at that time. if he's still a staunch supporter, it can even be more than 1$, I think doge will go up 3-5x. there will be a lot of speculation ahead of his appearance later. and all that would make for a very big pump on the market.

Doge has performed incredibly well when no one thought that the coin could pull its recent price surge stunts, no thanks to Elon Musk staunch support.

I really don't think that Doge would crash hard after May 8, though there could be price correction after the show, as long as Elon Musk still keeps talking and tweeting about it. He's got a global influence.

I remembered the similiar things just like when ETH 2.0 date launch is announced, everyone is on the hype and buying the coins and when the day is coming, nothing happened and the price was likely to down. So i think when someone big influence people to buy a coin, the price will go high after the statement announced, but when the day is coming, the price will crash. But i think doge is still a good long term investment though

I have now sold my Doge asset for $ 0.48. Even though it has been increasing continuously, now I have reached the target I wanted. although there is little regret. Regarding the bubble that will occur, we cannot guess because the doge's movement has so many factors, one of which is influenced by Elon Musk, which is able to change market conditions in a short time. and later when bitcoin goes down it will also make prices go down

No regrets mate on any thing that I have let go. Like you I too had some Dogecoins that I sold off just some days before all this Dogecoin hype and I know for sure I would have made more if I still had them now but even when I sold, it was profits so no regrets and i seriously hope investors will watch the market closely for sudden downward price movement cos there could be a huge sell off.

Well, I think anything can happen in the world of cryptocurrency and you might not expect that DOGE will go to the moon at 1 dollar making many DOGE hodlers very very rich in the process. Be prepared though because once the dump happens then you will not be prepared and all your hard earned cash converted to DOGE will go bust. I am not sure what Elon Mush intends to do with all his DOGE but he did mentioned that he wants to get funds for his Mars mission so I guess that is the way for him to get the funds that he needs. I put 10 dollars in DOGE now just for play since my 10 dollars is just a leftover amount in my exchange but lets see. I will be amused if that 10 dollars will become 50 dollars once the bull happens with the coin.