Bitcoin Forum

From what we all see, even a coin that we thought a garbage coin, pumps and generates billions of volume, and not only that, it made people profitable. What I'm referring to is the DOGE coin, I thought Bitcoin would be the most profitable but it seems like people are making money from the craze of DOGE.

So the question is, do you still believe in experts now or just ride with the FOMO and enjoy cashing out on short-term trades profit?

I love to hear your thoughts, I feel like it's becoming like a bubble already.

Yeah doge is probably a bubble, I'm surprised it hasn't been 51%ed yet to be honest...

I think the good thing about doge is it mightve forced people to use crypto exchanges to use it (and they might have bought btc and eth too).

Eth is another one that's doing well and kinda makes me think bitcoin is nowhere near its top yet. (I think eth would fall back to around 0.04 at least before btc gets able to take off for its last time this cycle).

Doge has never been a garbage coin before, I recalled it has marketcap of over $200 million or more when its price was at its lowset in 2020, it is not a shit coin.

This is altcoins season, that is why the price of altcoins are increasing, but the bear season may still come, this will really be dawned on altcoins.

Doge "was" a meme coin and It was considered as shitcoin way before It reaches It $200m and has no real use cases but a joke. But the joke coin catches people's attention as the name Doge was a very popular meme way back in 2013-2014.



I guess the Fomo and influence from the well known rich people is far more effective than listening to the experts in this current market situation. Everyone is riding on the hype.
Though I somehow believe Doge will reach $1 in value, but at the same time I think people might have bought at the Peak price of $0.6+ today.

I agree with you with "even a complete shitcoin is pumping now" and is pumping harder than good coins (that already pumped in first wave). Now everyone cashed out profits from "good coins" and is now looking for something that did not pump yet. ETC that no one is using pumped 4x in last 5 days. Copy of etherum without user base... But thats how it works. Its allocation of gains from first wave tokens. But I will not agree with you in terms of doge. Its overpriced now for sure ... but its not as garbage as most think.

Right now you can do whatever you want. 10 add 20 years from now there will be valuable coins only the one that have use case. If your young and have little wealth, gamble with day trading. If you have more wealth start thinking what coins will be used 20 years from now. And start buying them. It does not mater how valuable are right now.

Have to confess am with jackg, I thought someone was going to have fun and 51% it just to have a field moment but damn at 1000 sats today it is flying.

I know it's not the same thing but I suppose there are also people out there ho humming and wondering why the hell Bitcoin is still pumping.

In that spirit, I saw to you dogebois, enjoy your day in the shn. Bitcoin will be here to comfort you when it's sunset. ")

I think in this case, why the altcoins that we think are almost rubbish like doge, now the price is inflated like the price of diamonds that is personal. it turns out that investors are not investing in branded altcoins or high-value altcoins, but investors prefer low-priced altcoins, large amounts of coins but still in safe conditions. I think it's a convincing and profitable thing for investors.

You should believe with your own analysis, instinct and prediction. Experts as they say, will always be there giving their opinion and will always be publicize because they're known people. And as your stand to the market, you should be wherever you are confident with. If you profitable on this market and you're riding the FOMO, you do your personal choice and whichever works perfectly to you.

Please don’t be offended but it seems like you are underestimating DogeCoin but don’t think that is a good one.  With all due respect, Doge has established its reputation being one of the pioneer altcoins in the cryptocurrency world.

Dogecoin has been there since the first bull where people who do not believe went it because of the Fears of missing out.  The reason why they won is that they were able to execute their job consistently, compared to good coins with meaningful projects but execution failures.

The reason why DOGECOIN is great is that it has a well-founded or established community that supports each other financially, intellectually, and morally. You should join the community first before you judge DOGE and additionally, supported by influencer person, Elon Musk.

Just because DOGE COIN’s name and inspiration were a meme doesn’t mean they perform poorly as a cryptocurrency.  Please check the Doge coin’s system.  You will see how established and better they are with others with meaningful projects but very poor executions.

Doge is merged mined with LTC.  So it’s impossible to do a 51% without pouring out a huge amount of investment to pull it off.  Lol.  Might as well just mine the coin.

You can still remain firm with your belief that it's a shitcoin and earn from other coins or tokens. You don't have to ride the Doge FOMO since it's too pumped now. Do you still remember the question asked by redditors a.k.a WSB before all these Doge craze started? "Has Doge reached $1?" It will peak around that level or $2 tops until this bullrun ends.

Doge has literally become the trash that has provided so many profit to its trader and investor. Doge has received more and more attention after Elon Musk continued to express his support for this altcoin and made it one of the most influential altcoin in the history of this bullrun. Truth be told, Doge is a bubble that could burst at any time if Elon Musk and the other big investor stopped supporting him. But to date, Doge has earned a good spot on the list of the most popular altcoin in my opinion.

The meme coin "Doge" continued to gain support for hitting $ 1-2 during this bullrun, but is this true if a lot of people just take short profit and then leave?

Most of the people that are invested in doge are just getting their signals off of Elon Musk's tweet. And so far it's working for them. What worries me is that Elon's ability to influence the market movements of that certain coin is just too much, so much so that rational thinking is thrown overboard as long as the guy tweets something—even something so ridiculous and nonsensical—about dogecoin. There will be a lot of casualties once the hype train for doge is over, and Elon would be facing a huge backlash towards the community that's for sure.

You're only profitable if you close your position at a profit. Tons of people will hold their Doge or whatever other altcoin all they way through the ATH and crash, because they believed in some "1 Doge = $1" hype. All bull markets will come to an end, and no one knows when will it happen, so the bullish predictions aren't worth much without it. When the markets will be crashing, the bulls will be saying "it's just a correction, trillions more in marketcap will come after this".

This proves out that this market is way too unpredictable and theres no doubt that altcoins could really give that kind of opportunity or chances for you to make gains in a short time and if not then they are the ones
who are been ignored just because people do believe that it wont really be having any potential or rise up in the future but without knowing that it would really be pumped out in future years to come.
No one can really predict on the things on whats ahead and for those who had risk out even though its a bit lit when it comes to probabilities are the ones who do make out profits
for several years of holding and that one really pays off.Its not bad on having those doubts and anxieties on making decisions but you wont really be progressing yourself if you do
just continue to hold back.

Unfortunately this is what happens in bubble, bitcoin is not in a bubble but the market of altcoins definitely is, after all we know that the reason bitcoin grew up in value was because institutional investors put their money there and invested a significant amount of money, but why exactly are we seeing altcoins going up in value?

It is not as institutional investors are invested in them, and the technology behind those coins is the same so the only conclusion I can come up is that this growth is nothing but hype, and sooner or later it is going to end and when that happens you better be out of that market.

I'm sure that most altcoins are profitable than bitcoin in the last bull run (2017).


I think the question is that can these kind of altcoin growth like in DOGE can be sustainable in the future? We all know the answer for that. So altcoin can have their pumps and dumps in the altcoin bull run, however, what follows is a huge and massive drop, it is profitable of course, but it's very risky as compare to bitcoin. So yes, it's a bubble already waiting to be burst.

actually experts basing only on some projects which already have a great history like bitcon and ethereum wherein they don't focus in such shitcoins because for them its a waste of time... Its only us wherein only ride the fomo because of expectations.. But it's not bad at all because sometimes not all are totally shitcoins like what you've mentioned above.. But the fact that sometimes we throw some money on it because of our expectations wherein mostly didn't agree about it.. Who cares right? Lol

if it weren't for elon, dogecoin will be nothing. no matter how we despise dogecoin for being a joke, it's still going to go up because of him. to da moon!
there are many coins today that you don't expect to have value after the team dumped their unlocked tokens, you right that you can assume they are all pumped by its team to once again make it appear that it's a good investment.

Doge pumping on every bull run seems to become normal, but this time is different for Doge.
That's why I can say that this bull run is totally different from all the previous bull runs, especially the recent one.

The saying I heard always is "Everything is right when it is bull run", it's probably everyone is buying. But they should be responsible.

Well, not all the time though garbage coin will stay garbage unless there will be someone who will hype that coin as Elon does on the DOGE coin. Altcoins can be more profitable than Bitcoin the fact that they are more volatile compare to BTC but of course, it has a higher risk. Regarding your question, I think it is still much better to believe in an expert because they have fundamental analysis but right now the market is more likely run by FOMO or something so I think there's no problem with riding them because as they say follow the trend but do make sure that you should know your limitation and know when to make an exit.

Dogecoin was not nothing before Elon came though. The community is very old and very active even before he arrived. You think elon would be developing it or anything? Elon made it popular,,, this is all he did. And he did it for sure because he also has a stake in it. There will be blood when he does decide to leave.

The biggest news this year is Doge Coin nobody saw this coming, I guess the majority of investors here are still going for the hype and where the profits are, FOMO is still ruling the market, it's risky to get involve on Fomo, but I doubt if they can sustain this in a long haul, Bitcoin is still the safest investment, we cannot stop people from getting involved on FOMO as long as they know the risk and they know the right time to do an exit.

I personally prefer analysis from expert people to predict where the market will go, rather than depending too much on Fomo hits, as is the case with Dogecoin today, when we trust Fomo too much, of course we will be panic and off guard when suddenly Fomo ends and of course This will be very detrimental to us when we are trapped in high prices when Fomo hits, but I agree as I said if we can use Fomo for short-term trading because that way we can control profits and losses in trading, but make Fomo a trading reference long term course will be very dangerous.

I think Doge FOMO will continue, they are looking for their next stop, which is $1.00, currently at $0.65. While bitcoin is having a good and steady increase in the last 3 days, now it's $59k and still going up. So definitely we want a steady but sure bump in the price as compare to altcoins which massive growth and then dumping hard.

I think one shouldn't take investing inspiration from something like Dogecoin, we all know it's a meme coin. Has no real purpose and no real utility and just being floated up by fake pumping. Actually, all these things happen because cryptocurrency market is a very new market and is so far driven only because of the mammoth returns that it provides in a very short span of time. But the question is whether you should trade/ invest in the expert way or enjoy FOMO, honest answer is to do both things. Keep a decent amount of your capital for purpose of investment into some good coins, for example, some coins like Uniswap, 1Inch & Solana grew this much because of their utility keep some bag of money in these coins and keep some money ready for shit coins like doge coins, this way you can enjoy both the things in a very fruitful manner.

Indeed, in the bullish season we will see almost crypto currency price will be pumped although the altcoin is a gerbage coin. Take a look to the bull marker 2017 ago, how much a gerbage altcoin that pumped? I guess it is almost altcoin in the crypto currency.

But, we can differentiate between a gerbage altcoin and a good altcoin. A gerbage altcoin will get a dumped a lot when the bullish season is over but a good altcoin will not do that. Like doge coin now, although the coin price is being pumped but if there is something bad happen the coin price will be dumped a lot in a few time.

It seems to me that people are still in FOMO waiting for it to touch the $1 and it's so funny that most people consider this as a new Bitcoin. lol It's just being hyped by Elon Musk and nothing else, he just invested on it as a joke and people now are considering this as the next Bitcoin.

It may be on its top right now but when the bear season come, I don't think people would be happy to still hodl it in the long run. Unless Elon Musk try to pump it back again and that would be ridiculously funny. People should invest ETH or Bitcoin after getting profit from it or else there will be a holding forever of a shitcoin.

Doge wont get 51% until it falls into a slack state and is cheaper on the way down then its profitable to double spend I guess.   ETH is being accumulated for the proof of stake, that change in meta is likely helping it for this year or until that idea fails which Im not sure it will.

To be bullish while the underlying trend is rising is always going to be correct even if you are wrong for a few days, makes it much easier when we just fall uphill.   Invariably we get too many people guessing or hoping upwards, even worse if with leveraged money and then it has to reset at least some in order to continue properly.


Its just a copy of LTC I think so might as well just get that and beat the hype

I can't believe Elon's fomo will continue to be aftersales all this time.  There will come a time when it has to end.  It is a serious problem for new investors.  with my own Dyor, I will not let others hold the reins and I will not seek blindness.  If you go through 2018, things will gradually clear up.  ETH gained traction by being serious, Doge didn't.  I always doubt that.  Focusing on BNB, ETH, I have almost no insomnia :))

I prefer to believe in myself and not others experts because they do not always know what we search for and they can not always answer the question from us. Besides that, I follow the FOMO and enjoy cashing out because I am waiting for a long time to make the biggest profit from Dogecoin and I am sure many people are making a lot of money.

The bullish person is not always right because that depends on the person itself. But Elon can move the price to surge to the high price while the other people can not move the price like Elon.

I'm not sure If Doge will bounce back up to $1 after It fell down after the Elon Musk SNL appearance.
I thought It would help Doge to pump even more prior to his appearance, but It turns out the other way around.
I'm expecting more from Elon after this huge plunge.

On the other hand, Bitcoin still at the bullish range with a strong $60,000 resistance. No signs of bearish movements yet, and this is what Bitcoin separates from the rest of the alts in the market. It doesn't need someone trying hard to pump it. Instead, it pumps because it gets more demand as time passes by.

Would get really expensive now though to 51% attack DOGE would it not? Of course nowhere near as expensive as other most coins I guess but still very expensive for something that the good actors would just go and reorganize right?

ETH going through holding for sure, wallets are growing fatter every day.

It has become a craze. So this means things are temporary.

In terms of fundamentals, there is no heavy reason for Doge to become what it has become today. But since there are influential people who are riding with this craze, the meme coin becomes a very valuable coin. What matters really is demand. And demand is not always grounded on deep analysis and dependable features.

For now, it is easier to make money with Doge and other altcoins compared to Bitcoin. If your priority is to make money, you don't care much if a coin is only based on hype.

If must pick i will pick ride with fomo. Because mostly it is really happened, the pump. About how people lose or profit, i think it is all depends on what they aim in profit. If me, although it is very risky, maybe i prefer to buy coins that already pumped and aim for less than 10% profit and then sell my coins immediately. But in practice, it is really hard and i keep end with lose. But i don't have other choices because i can't analyze market.

Dogecoin already become a bubble after hit $0.7 and boom, the price now is down deeper and even it reaches $0.4-$0.5, which we do not know if the price can back to $0.7 again.
Whenever the price can increase so high, we need to be careful because the price can make a correction and we do not know how deep the price will go down.
But I do not just believe what the experts say because we do not know if they really know what is happening to the crypto market.
I prefer to search for more information about the crypto market by myself than just listening to them.
Maybe we can use their info for our research to find more sign about the crypto market.

Honestly I will not invest into any of new coins without having strong due diligence. It means I may not bother any of FOMO. At the same time I'm not coming across any expert to guide me on where to invest and what should be avoided. Even in the trend of bullish markets, I'm not speculating much with any altcoins but just believing into the future of bitcoin hence simply holding it.

Bullish persons cannot be right all the time because I have seen many of them got trapped in the middle by short-term to mid-term corrections. Moreover, I do not believe into having one-sided mindset. Because, that will lead you to missing all other precautions.

The doge was normal altcoin in past but now it has become a more centralized currency which is operated by social influencer which is pushing Dogecoin into ponzi pryamids.His tweets decide the Dogecoin prices and he have surged the prices to 60 cents but now he has just turned the stones in opposite direction by calling doge investment as "hustle" due to which prices have plunged 30-35% on CMC.People are cashing out their returns and so the market is crashing.This is what happens with most of the shitcoins in the market like huge pumps once and then market crash and same thing is happening to doge at this time.A meme coin which surpassed the valuation of top Companies like Ford,Honda,Starlink just because of some influential tweets from Musk and Mark Cuban.It might not be bad investment option in past but now it has turned out to be phisshy coin which will soon crash further.

Dogecoin is the bubble craze phenomenon this year. Many people prefer hype for fear of missing out. For this, I warn novice investors to be careful in buying Doge. the instrument may have a high value due to speculation in the market. Even though the intrinsic value is very low. Before buying, don't expect that the price will continue to go up and not be detrimental.

Don't get caught up in FOMO. novice investors, often fall prey to social bias from being led to invest more. Trust me, you (novice investors) will not know that Dogecoin's increase is true value or just speculative value. Investors should not invest more in Dogecoin instruments than they can afford to lose.

No matter what instances neither a bull run or bearish market then we should really be responsible on what are the actions we've been doing.Its only a bit on the personal side of things

on having this kind of thinking where he do think that he's always right just because we are experiencing bullish moment as of now, then what would they say
if the market turns out to the opposite side?

I agree that it is totally a bullish season that is a fact and there is nothing wrong with that. However bullish person doesn't just win now, he wins at all times, even during a bear season, if he is bullish about it then he will buy more when it is low, because he believes it will go up, that is why bullish people always profit. Bear person would look at a low price and say "I told you it will go down, it will go down even more, it will die!!" and not buy, and during a bull season "it is too high now, it is a bubble, it will burst any moment" and not buy so that person will never earn anything.

People in between those may earn and lose depending on their situation as well but the bullish person is the one that always profits. Do not look at what bitcoin or any other coin at the top is doing right now, look at what it will do in the future and you will be bullish as well.

Yeah I agree that it fell down to $0.44 now, so that's what we call pure pump and dump, I'm not a investor of Doge, but. the hype is still there that I'm thinking this guy are going to push it again to their whole number target which is $1.00


We are still in the bullish range, although currently when I woke up, surprise to see the price going down to $55k from as high as $59k. Nevertheless it is still above $50k, so there is that big support again if ever this correction continues in the next 12 hours.

I think no, bulls always look for a way to have very good publicity to move motions and cause more momentum to movements, in most times bad news can mean buying, because weak hands begin to feel more and more panic, in this case, in the short term, there is a lot of uncertainty, so any movement is possible, at least that's what they raise in the article:


https://i.imgur.com/XSCcQf3.png

Source: https://cointelegraph.com/news/price-analysis-5-10-btc-eth-bnb-doge-xrp-ada-dot-bch-ltc-link (https://cointelegraph.com/news/price-analysis-5-10-btc-eth-bnb-doge-xrp-ada-dot-bch-ltc-link)

If we start to see, it is a bit difficult in the short term that the ATH can be reached, we just have to wait and see it can happen in the medium and long term that the predictions are very optimistic.

This depends on what type of "crypto-coiner" you are. As someone who has been here since 2016, I already experienced the volatility of many cryptocurrencies. If it is only driven by hype like dogecoin, I would avoid investing in it knowing also that it has no utility and has an unlimited amount of supply or any crypto that it is already on its FOMO stage. Some newbies are into this dogecoin because Elon Musk is always tweeting about it on his Twitter and seeing how rich is he now will really hype many people.

You don't have to follow what these experts say and most often they are just hyping the coin they bought, if you DYOR and you really trust the project that it has potential in the future then you don't have to FOMO as each crypto have their time to pump.

I observe that bitcoin movement has been running with the top 4 coins these few weeks and including dogecoin. Dogecoin has really performed beyond what investors don't expect. This coin may create an experience that people won't imagine. I have been fascinated by the movement so far since bitcoin has been on ranging mode just as dogecoin too. The bitcoin fee is high but dogecoin is very low and I feel that is what may be pushing the market.

We could still be bullish but also negative below the 50 day average, it does seem we are working out pricing here until we meet the 200 day average.   If we met 200 DMA now it'd place the price at 40k which to alot of people means we are negative.    However the 200 day moving upwards is still bullish and it still qualifies as just a pullback, the confusing part is the timeframe and we tend to want everything to appear for us today.
   Even while negative we can move upwards during a day, right now price is rising above the 12hr average and there are buyers for sure here some of which will be speculators who later sell and some genuine holders.  Its really hard to decide which is dominant theme exactly but over a year I would guess we remain bullish, I also expect 200 day average is quite fair pricing long term because historically thats correct

Dogecoin has been going up very rapidly during the previous weeks but it should be a warning sign, dogecoin is not really a good coin and if it was not because of its nature as a meme coin then no one will give to it any attention.

The truth is that sooner or later there is going to be a collapse on the coin and when that happens you do not want to be part of it otherwise the amount of money you can lose is going to be so great that it will be almost impossible to recover from it at all.