I must say, I'm genuinely surprised that I've lost 10% of my investment of Dogecoin since buying in at 7am Beijing time on New Year of the Dog.
Pass me my hat, cause I'll eat it!
I mean, the coin is based on upon a Dog, it's one of the most popular and well trusted Altcoins, and I know the importance of New Year in China, and this combined with the quantity of Bitcoin miners and, you would therefore think, cryptocurrency enthusiasts in China.
I know a lot of givers of the traditional New Years financial gift may not be able to give using Dogecoin as their family members would be unlikely to have cryptocurrency access,
Perhaps some of the younger people who are receiving these gifts would be buying Dogecoin using the gifted money,- I wonder how long this would take for lets say a teenager in China, amidst all of the regulations and the Great Fire Wall? Could we expect to see a rise this month instead?
Anyway, I'm accepting my loss and getting out, and call me mad, but I am surprised!
I thought it would have been safe to say that at least a few people from other countries might have bought Dog coin yesterday, purely in anticipation of China buying Dog coin even