Dogecoin price shows Bullish Momentum in Bear Market

[Harrydose]

https://i.imgur.com/eU6kPJI.png

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

Dogecoin is a subsidiary digital currency from Litecoin which was presented in December of 2013. Dogecoin was brought into light by its two makers Billy Markus and Jackson Palmer. Dogecoin has acclaimed the #28 rank on the global crypto index. DOGE has a market cap of $326,149,799 USD in bitcoin 37,381 BTC. Dogecoin has a circulating supply of 122,008,871,581 DOGE.

Source: TheCoinRepublic

[Kersh768]

The question I think is until when will the bullish momentum occur at this bear market situation. Not to be a pessimist but just to remind other people, the bear market is happening for a year already and we have seen some crypros which showed positivity but did not last that long or afterwards, drowned by the negative market behavior. In my opinion, it is too early to expect a bullrun to happen.

[alyssa85]

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

0.08% is barely any movement at all. Are you seriously fussing about a movement of $0.000016? Even a 1 satoshi movement would be at least 2.2%

[caffu chino]

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

0.08% is barely any movement at all. Are you seriously fussing about a movement of $0.000016? Even a 1 satoshi movement would be at least 2.2%

yes you're right, it doesn't even move at all. Even though the price of the doge is cheap, $0.000016 won't have a big impact. I think the article was too excessive in seeing the development of doge prices. in my opinion the best reference for seeing doge prices is to use satosi compared to usd.

[TGD]

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

0.08% is barely any movement at all. Are you seriously fussing about a movement of $0.000016? Even a 1 satoshi movement would be at least 2.2%

yes you're right, it doesn't even move at all. Even though the price of the doge is cheap, $0.000016 won't have a big impact. I think the article was too excessive in seeing the development of doge prices. in my opinion the best reference for seeing doge prices is to use satosi compared to usd.

It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.

[Red-Apple]

it is ok to be a newbie in the altcoin market and confuse a tiny price fluctuation with a "bullish" movement but it is not ok to write up an entire article about it and advertise that here.

It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.

nearly 99% of all the traders in this market are doing the exact same thing. nobody wants to increase their USD, they all want to make profit on their BTC and increase that. if for example you have 1 BTC today and it is worth $8000 if you can increase your BTC to 2 and it is worth $80000 in a year you have not just doubled your money, you have increased it by $152,000.
now if you invested $8000 and doubled that you only get $16,000! and that is only IF you make a profit which is near impossible with altcoins.

[adroitful_one]

It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.

Unless you're trading your alts for USD, then you and everyone else is doing this. Why would you want to even trade your altcoins for USD? The price of USD is locked. It's never going to move. Increase your position in Bitcoin and you have made a successful trade. Whether the price of Bitcoin has went up or down during the span of the trade, you're still successful in that trade if you made even a 1 Satoshi profit.

[stomachgrowls]

it is ok to be a newbie in the altcoin market and confuse a tiny price fluctuation with a "bullish" movement but it is not ok to write up an entire article about it and advertise that here.

It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.

nearly 99% of all the traders in this market are doing the exact same thing. nobody wants to increase their USD, they all want to make profit on their BTC and increase that. if for example you have 1 BTC today and it is worth $8000 if you can increase your BTC to 2 and it is worth $80000 in a year you have not just doubled your money, you have increased it by $152,000.
now if you invested $8000 and doubled that you only get $16,000! and that is only IF you make a profit which is near impossible with altcoins.

Majority would really accumulate Bitcoin as much as they can but there were people who are really longing for alts for them to profit.I cant blame up

people to have this kind of insight yet we know that these have still low prices which can possibly shoot up and hitting high multipliers if we do compared on
solely investing with btc.They might switch on later on but their interest was still intact thru alts neither which way as long they can benefit they wont consider
much if they are on btc or with alts being focused on.

[YinShuiSiYuan]

It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.

Unless you're trading your alts for USD, then you and everyone else is doing this. Why would you want to even trade your altcoins for USD? The price of USD is locked. It's never going to move. Increase your position in Bitcoin and you have made a successful trade. Whether the price of Bitcoin has went up or down during the span of the trade, you're still successful in that trade if you made even a 1 Satoshi profit.

Idon't understand what do you mean that price of USD is locked? Actually is moving if we compare it for example with EUR or JPY. Maybe only people that live in US where it is the national currency may have the impression that the price of the dollar is not changing.

About the Doge.. What change?
Price in $ now: 0,002712
Price in $ 24h ago: 0,002691
(source Coinmarketcap)

Change $0,000021 .. Really? 

[Kemarit]

LOL, there's no bullish momentum, we are still in the bear market, the altcoin market is still bleeding so I don't understand why people are shilling for Dogecoin right now.

Name   Dogecoin
All time high   $0.01759
All time high date   2018-01-07 (one year ago)
Since all time high   -84.76 %

https://athcoinindex.com/coin/dogecoin

Still way below its previous all time high, maybe people see short to mid term bullishness, but still the market is still on the bearish trend, bitcoin is still dominating so I doubt that we can see altcoin market bounce this year.

[slaman29]

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

Dogecoin is a subsidiary digital currency from Litecoin which was presented in December of 2013. Dogecoin was brought into light by its two makers Billy Markus and Jackson Palmer. Dogecoin has acclaimed the #28 rank on the global crypto index. DOGE has a market cap of $326,149,799 USD in bitcoin 37,381 BTC. Dogecoin has a circulating supply of 122,008,871,581 DOGE.

I actually didn't understand much of the analysis (especially this climbing of aggregates and imprints, but I guess this is a technical language thing.

Still feel like you have to present better arguments though, unless you believe in pure technicals.

Hard for me to say bullish when DOGE dropped from 33 satoshis to now. But we can have a look again if we surface above 30 sats. Holding all my coins for the 120 satoshi limit;)

[Pelunize12]

dump 30-90%, people say it's normal
pump 1-10%, people say it's altseason, bullish

i still dont understand why people have thought like that, it is very delusional
stop thinking like that, it just makes your poor and poorer

[kotwica666]

LOL, there's no bullish momentum, we are still in the bear market, the altcoin market is still bleeding so I don't understand why people are shilling for Dogecoin right now.

Name   Dogecoin
All time high   $0.01759
All time high date   2018-01-07 (one year ago)
Since all time high   -84.76 %

https://athcoinindex.com/coin/dogecoin

Still way below its previous all time high, maybe people see short to mid term bullishness, but still the market is still on the bearish trend, bitcoin is still dominating so I doubt that we can see altcoin market bounce this year.

Sorry, but you can not look on ATH and because price is lower now, say that we are in bear market.
ATH was $0,018773 USD at Jan 07, 2018
From this moment the lowest price was: $0,001896 Feb 05, 2019
From February the price is not growing constantly, so we can not call it bull time, but price is higher: $0,002666
So we can not say that it is still bear market.

[sikke]

I think what they were focusing on what the fact that Doge held its value while BTC slid from $9k to $8.7k within the same timeframe.

I still don't think that there is any reason to make a big fuss out of just this, though. DOGE has been historically volatile and this kind of movement is really just normal market fluctuation for DOGE. It's really no signal for a bull market.

Over the long run, Doge doesn't have much potential I don't think. At least not anymore - with the inflood of alts that have much better technology than it.

[YinShuiSiYuan]

I think what they were focusing on what the fact that Doge held its value while BTC slid from $9k to $8.7k within the same timeframe.

I still don't think that there is any reason to make a big fuss out of just this, though. DOGE has been historically volatile and this kind of movement is really just normal market fluctuation for DOGE. It's really no signal for a bull market.

Over the long run, Doge doesn't have much potential I don't think. At least not anymore - with the inflood of alts that have much better technology than it.

Dogecoin's strength is its community and the fact that for so many years people have simply started to trust it. Also the people's knowledge about DOGE and number of places where is accepted is much bigger than other, much better technologically developed coins. It is likely that this will change over time, but I am sure that it will not change over the next few years.

[tonyja2017]

I have yet to see what stands out in Dogecoin except for their huge community. I think coins should hold the longest is XRP. they have a centralized ecosystem and everything is transparent.
Besides, they are looking for banks looking to provide RippleNet services and this is a wise move. They will make a lot of money in the future from providing this service and its price will increase sharply.

[Pearls Before Swine]

Dogecoin has acclaimed the #28 rank on the global crypto index.

Kind of amazing, isn't it?  But I would also say that it has such a high market cap because there are so many coins in circulation due to its inflation and how long doge has been around.  It's not like doge is valued highly in terms of satoshis.  It's only trading at 30 sats right now, which is good for doge but would be really low for any other coin.

I don't know how bullish this so called momentum is, but I have my doubts that it'll last long.  With doge it seems like any positive momentum never does, and while I like it as an altcoin I wouldn't consider it a great investment.  It's a good coin for gambling and that's about it.

[BitHodler]

Dogecoin's strength is its community and the fact that for so many years people have simply started to trust it.

I do agree that the DOGE community is one of the best crypto communities I have seen so far. They are very welcoming and accepting of other technologies and people, while other communities tend to be very toxic.

Also the people's knowledge about DOGE and number of places where is accepted is much bigger than other, much better technologically developed coins. It is likely that this will change over time, but I am sure that it will not change over the next few years.

The most important aspect of DOGE is that people actually use it to send tiny amounts back and forth, and it has been like that for years, since the very beginning.... this is what crypto should be used for but generally isn't.

Security wise it's not the best coin due to the low hashrate, but when you transact in very low amounts it's a great network to use because the transactions are fast and near free.

[fuguebtc]

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

I don't think 0.08% jump in price is a bullish sign, such trends are normal. But if you are looking for long term investment and think that Dogecoin still has a day coming, start accumulating at the current price.

[Doell]

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.

I don't think 0.08% jump in price is a bullish sign, such trends are normal. But if you are looking for long term investment and think that Dogecoin still has a day coming, start accumulating at the current price.

if there is an increase of 100% I will definitely be sure we are to see bullish in a few months later ,right 0.08% it does not prove anything its natural demand for traders who want to take advantage and that moment does't refer to growth in value