Will Dogecoin prices crash if TikTok continues to get banned?

[Juggy777]

If you have been following Dogecoin for a while now then you may have seen that it’s prices suddenly saw an upward movement thanks to TikTok, and Bitfinex quickly pounced on this new Fad and listed Dogecoin on their exchange. However what bothers me is that Tiktok is getting banned in big country’s like USA (about to be banned), India, and if more country’s ban TikTok then won’t this fad fade away very soon, and with it won’t Dogecoin prices crash?. Hence what do you’ll think of this fad, and how long do you’ll believe that it’ll last?.

Source:

https://cointelegraph.com/news/bitfinex-lists-dogecoin-after-tiktok-fad-sends-doge-price-over-005

https://edition.cnn.com/2020/07/10/tech/tiktok-ban-users/index.html

https://techcrunch.com/2020/06/29/india-bans-tiktok-dozens-of-other-chinese-apps/

[1715258697]

1715258697

[Pffrt]

Doge has ATH long ago, not for Tiktok hype. It has crossed 100 sats even in a bearish season. Then why due to the tiktok ban in some countries will affect it so harsh? It's true that it will have some dump which was speculated before the start of the pump since it was made by some people in order to make some quick cash.

[pilosopotasyo]

It has started to dump.
Those influencers that have told their communities to buy dogecoin probably are enjoying the profits.

It will likely to happen, but Dogecoin will stay on and maybe another application like this will push the price of Dogecoin again, and you are right for every pump there are influencers and whales that's going to profit, but it's still good to hodl Dogecoin but another pump is unlikely.

[traderethereum]

Dogecoin already got dump yesterday, and I see that the price is getting dump so hard and reach 29-31 satoshi.
But after that, the price starts to increase and now it stays at a price now.
We don't know why TikTok bans some country, but maybe they have a secret reason they don't tell the public.
The TikTok user could still use the app by installing the VPN app to their mobile phone, so they can get back to use the app again.
But Dogecoin will not crash deep as before because Dogecoin will survive from the hard situation that happens in the market.

[Yudhisthir]

Dogecoin price would crash even if Tiktok didn't get banned. Any unnatural price pump is followed by a dump. I don't think it would be wise to blame Tiktok for the pump and dump of the coin as the hype could have been made through any social media but it seems like the users of TikTok are mostly stupid people who can't think for themselves.

[Tipstar]

Dogecoin price would crash even if Tiktok didn't get banned. Any unnatural price pump is followed by a dump. I don't think it would be wise to blame Tiktok for the pump and dump of the coin as the hype could have been made through any social media but it seems like the users of TikTok are mostly stupid people who can't think for themselves.

I guess it's a type of natural selection. Thanks to the hype, many of the users got some profit on the Dogecoin they held. The hype starter ofcourse doubled his money overnight and probably the early jumpers too would make money that if they know how to sell the coins they just bought. Social media are really turning people to sheep and they do move in herds.

[cryptomaniac_xxx]

As you have said, it's just a fad, and we all know that it won't last that long. We all know that Dogecoin has been here for so long, it even called Meme coin, so it's not a coin that is worth to invest, and could be here because it's one of the prime movers. Developers are not that active, and this TikTok will eventually lost it's luster as well. It will have a drastic effect on the price, like a pump-and-dump scheme. So I wouldn't be surprised if there is a sharp decline in the price, once everything has settled down.

[tsaroz]

There's been news of TikTok being banned on US and if that's true, the hype running on TikTok would be less effective as people from US won't be viewing and sharing them. TikTok videos are more viral than any platform as they are catchy. I've heard that the hype is mostly popular in the US and if they can't access the video, they'll soon forget about it.

[jrrsparkles]

If you have been following Dogecoin for a while now then you may have seen that it’s prices suddenly saw an upward movement thanks to TikTok, and Bitfinex quickly pounced on this new Fad and listed Dogecoin on their exchange. However what bothers me is that Tiktok is getting banned in big country’s like USA (about to be banned), India, and if more country’s ban TikTok then won’t this fad fade away very soon, and with it won’t Dogecoin prices crash?. Hence what do you’ll think of this fad, and how long do you’ll believe that it’ll last?.

Source:

https://cointelegraph.com/news/bitfinex-lists-dogecoin-after-tiktok-fad-sends-doge-price-over-005

https://edition.cnn.com/2020/07/10/tech/tiktok-ban-users/index.html

https://techcrunch.com/2020/06/29/india-bans-tiktok-dozens-of-other-chinese-apps/

Maybe they will create hype with existing social media with them, already Facebook rolled over a new feature called reels which is same as toktok integrated inside their instagram app but they really have potential to bump the price in long term? I don't think so.

[btc_angela]

There's been news of TikTok being banned on US and if that's true, the hype running on TikTok would be less effective as people from US won't be viewing and sharing them. TikTok videos are more viral than any platform as they are catchy. I've heard that the hype is mostly popular in the US and if they can't access the video, they'll soon forget about it.

And I'm sure more countries will follow because this app has been recognised as being use to spy, or as a tool by state sponsored hackers. That alone is enough for government to really ban it because its very malicious to begin with. Checking the price today, it is -5%++. A indication that the massive pump is already done, and investors have taken this profits already.

[keseoma]

it will and it has! The influencer just enjoyed the bump and sold their coins!

BTW: USA won't ban tiktok since there are many big influencers live on it!
and also it's just political reason, there is no more private to steal since Google, Facebook, Iphone have stolen them all!

[meanwords]

it will and it has! The influencer just enjoyed the bump and sold their coins!

BTW: USA won't ban tiktok since there are many big influencers live on it!
and also it's just political reason, there is no more private to steal since Google, Facebook, Iphone have stolen them all!

What in the world are you saying? there's no correlation between doge coin and Tiktok. doge coin exist way before Tiktok and the only thing that tie them is a MEME, a meme that will become stale in a few days or so. In fact, that meme is already dying because it's an absurd way to gather investors and dumpers already got their profit and correction already in place.

[robattfield]

After a period of Fomo, now the price has decreased. I believe that in the future, the price of DOGE will continue to decline and consider if you want to invest in it. In the past I have seen DOGE pumped so many times but soon the price went down again and it didn't last too long.

[Kemarit]

it will and it has! The influencer just enjoyed the bump and sold their coins!

BTW: USA won't ban tiktok since there are many big influencers live on it!
and also it's just political reason, there is no more private to steal since Google, Facebook, Iphone have stolen them all!

What in the world are you saying? there's no correlation between doge coin and Tiktok. doge coin exist way before Tiktok and the only thing that tie them is a MEME, a meme that will become stale in a few days or so. In fact, that meme is already dying because it's an absurd way to gather investors and dumpers already got their profit and correction already in place.

The correlation is here; (https://twitter.com/_dfazo_/status/1280715176904441856)

The videos goes viral, many tiktok users jump on the bandwagon because of this video and obviously pushing the price of this Meme coins. So good for those who make this video to go viral, for sure he had earn a lot of money, but definitely sold everything to get his profits.

LOL, this is no difference from joining a pump-and-dump group. But now it's over as the price of Dogecoin is declining. And regardless if TikTok is going to be ban by US or other nation, it has serve its purpose for crypto traders or pump signal groups.

[bitkanu]

It has started to dump.
Those influencers that have told their communities to buy dogecoin probably are enjoying the profits.

Those crap influencers have been driving the newbies into the big loss as so many newbies have been buying doge at the peak price. This means if the tiktok news basically didn't give any impact but the influencers were creating fake news to hyping it.

[torrantz]

It has started to dump.
Those influencers that have told their communities to buy dogecoin probably are enjoying the profits.

Oh yeah, the classic trick about influencing people into buying thing they don't know then reaping the profits off the people that have trusted them. I've seen this scheme in many trading groups that gives signal, atleast I've seen quite many and it doesnt matter if tiktok is not banned the manmade doge coin pump is not gonna hold for long.

[Fundamentals Of]

All this is temporary. We should be expecting the price of Doge to get back at the 30 sats level or even lower in the coming days.

That was just a quick spike in Doge's price. Lucky for those who were able to ride it. For now the dumping may be ongoing. Buying days are going to hit the market soon. I myself would be waiting for the 27 sats for buying.

[bluebit25]

Until now, "Tiktok" has not been banned, but prices have begun to fall. This is just a short rally of DOGE and the price will definitely return to its original position soon. I just hope Bitcoin can go up and it will help Doge and all this altcoin grow in the long term, not just pump and dump like they are right now.

[hatshepsut93]

It's irrelevant, because Dogecoin will crash either way, this artificially influenced boom isn't sustainable, there's only so much gullible people to milk, and those who entered early will be dumping while they can. Since Dogecoin's fundamentals didn't change, there's no good reason for it to have this price.

Maybe the ban wave against TikTok will accelerate the crash, so if you're hodling Doge, it's time to sell now while it's still above the previous level.

[Akiko]

Doge has ATH long ago, not for Tiktok hype. It has crossed 100 sats even in a bearish season. Then why due to the tiktok ban in some countries will affect it so harsh? It's true that it will have some dump which was speculated before the start of the pump since it was made by some people in order to make some quick cash.

I don't find any relation with Tiktok and doge coins so I don't see that banning will actually  affect doge coins price . Unless it is also one of the product doge have which is I know its not .maybe some influencer promoting doge coins in that application.

The tiktok ban for many countries is for security reasons They just do not want anyone to spy on them using an application made in China.