after gamestop's short squeeze, reddit turns to doge. 600%+ today

[disconnectme]

To be sincere it was very crazy yesterday seeing their of Doge doing 7X, these Gamestop investors have tasted money with their Gamestop profit and just like any human being want more, that was why some of them aped into Doge yesterday, but Crypto is unforgiving for a greedy investors, because they will keep looking for the next best thing until most of them get burn

[The Sceptical Chymist]

Jeeesus.  I woke up about 1/2 hour ago, grabbed my coffee and settled in to listen to Bloomberg news on Youtube in the background, as is my pattern.  The first thing they were talking about was GameStop and how some people made tons of money on it yesterday (though I still haven't looked into exactly what's going on with GameStop and their stock.  Sounds like it's being manipulated.

Then they started mentioning Robinhood and how they're doing something with crypto trading, suspending it or whatever and I switched to the tab that had Bloomberg on it, and I see this:



That blew my mind and almost blew the coffee from my mouth through my sinus cavity and out my nose.  WTF happened overnight such that bitcoin shot up that much, and does it have something to do with the GameStop traders?  I posted in a recent thread that I didn't think the two were related, but now I'm not so sure.

[TedMosby]

I join the DOGE hype this morning.
Wake up, read what happens, buy some DOGE, go to the toilet to poop, back to my desk, 50% profit. 
DOGE started getting people's attention this year since it's was gone viral on the Tiktok app.
I guess it will be covered by some influencers again soon on that app.

I read on CNBC that someone made $22M from his $50K investment on GameStop in just a few weeks.

[Kong Hey Pakboy]

Thanks to GameStop stock. Dogecoin started to make a sudden increase to its price because many Redditors have switched on buying Dogecoin after GameStop surges its price in 2 weeks, so many people are now expecting that Dogecoin could reach $1. This will probably increase the number of people interested in buying bitcoin because of this kind of event.

[dothebeats]

Dogecoin has been a hub for pump and dumps even in the past. Remember its first run from 33 sats to 151 sats in a span of two weeks back in 2015? Massive pump orchestrated by the people of reddit as well, up until those who organized the pump sold their bags on everyone who is just buying in on the hype. It's good that people are coming together for a common cause, although of course someone has to get burned in order to achieve this feat. Not everyone on reddit will walk away as winners and someone has to bear the losses, that's for sure.

[pixie85]

I stopped holding DOGE many years ago. But I am immensely happy for DOGE community and I hope that this will hold. DOGE and its community deserves it.
However, the DOGE price movements are crazy today (70-260-125-170), I'm curious where will this end up (or heading to).
For now... TO THE MOON! 

I used to have it but moved to BTC. I felt like DOGE might be a joke, but despite being a joke it's also a pumper's dream. It has it's good days almost every year and people were saying years ago that since the meme had died the same fate will await the coin. The Internet community has proven them wrong time and time again.

Good Job Doge, keep the fun coming!

[verita1]

Incredible movement has been created in Social media after the GameStop case and the Robinhood app's refusal to allow users to trade GameStop shares.
Now the app is allowing to trade the shares of the companies blocked under certain limits.

After users have seen all the phony about trying to protect the elites of the Walt Street hedge funds they have lost all confidence, it is evident that it is a manipulated and corrupt system.

The crypto community on twitter is supporting the reddit community. Elon Musk has an important participation with the support of non-censorship and doge.

Here come the shorty apologists
Give them no respect
Get Shorty

https://twitter.com/elonmusk/status/1354891972406865922?s=19

Doge 🐶

https://twitter.com/elonmusk/status/1354924057825837060?s=09

[CarnagexD]

Goes to show how powerful we are when we decide to topple these monopolists and bankers that run off of our money. GameStop has been getting more attention now more than ever not only in the stock market but as a game retail store as well. Oligarchs crying on social media and tv news prpviders about how this is unfair when they were the ones who told us poor people should invest in stock, truly a sign of a great upheaval from the underwhelming January we experienced last year.

Dogecoin has been a hub for pump and dumps even in the past. Remember its first run from 33 sats to 151 sats in a span of two weeks back in 2015? Massive pump orchestrated by the people of reddit as well, up until those who organized the pump sold their bags on everyone who is just buying in on the hype. It's good that people are coming together for a common cause, although of course someone has to get burned in order to achieve this feat. Not everyone on reddit will walk away as winners and someone has to bear the losses, that's for sure.

If it's for the purpose of making the rich cry and beg, why not? The main point of this act from Reddit users is to make a fool out of the Wall Street Bankers anyway, so I don't see why they'd feel awfully bad about losing some money, especially if it's for a cause like thiz.

[jaysabi]

https://cointelegraph.com/news/dogecoin-to-1-dollar-reddit-turns-to-doge-after-gamestop-surges-1-600-in-2-weeks

Dogecoin may have a long way to go to hit $1, but the stock market may not be in the mood to doubt the power of r/Wallstreetbets.
...
Dogecoin price licks GameStop's heels

Dogecoin already has something in common with $GME, both assets having seen publicity tweets from Tesla CEO and world's richest man, Elon Musk in recent weeks. As Cointelegraph reported, Musk's tongue-in-cheek endorsement of DOGE was enough to induce serious price action.

It is interesting to see small investors competing against institutional whales and making some money.

This reddit community is becoming powerful

This has nothing to do with competing against institutional whales. Where as GME is about sticking it to hedge funds because they shorted the stock to an unsustainable level, there is no institutional investor on the other side of the Doge pump. All it's doing is driving up the price and it's going to leave a lot of idiots holding the bag because they're chasing fast money and they think they're helping to rebel against hedge funds for some reason. This is actually much worse than what is going on in GME because this one is about pure greed and the people on the other side of the pump are other crypto believers.

[torrantz]

To be sincere it was very crazy yesterday seeing their of Doge doing 7X, these Gamestop investors have tasted money with their Gamestop profit and just like any human being want more, that was why some of them aped into Doge yesterday, but Crypto is unforgiving for a greedy investors, because they will keep looking for the next best thing until most of them get burn

But, is there any believable reason that the cause of doge pumping yesterday was those people who formerly invest in game stop then got suspended by robinhood?
I think, the main drive of doge pump was because Elon Musk tweeting randomly about it or I might be mistaken. Still though it's going down by a lot within few hours but still up like 300%, if doge could hold this price point, another wave might come.

[Gyfts]

I don't like pump and dumps type schemes, this isn't a way to grow crypto. The short term gains stifle the growth long term when you have a bunch of autistic Reddit investors creating crypto as a meme. 1k doge was like 88 USD or something similar and fell back down coincidentally while BTC rose. Doge investors liquidating their BTC investments lol

[bits4books]

Once again, people show that if they get together and want something, they will succeed. This is a great lesson for those who believe that "big brother" is impossible to resist simply because he is big and therefore invincible. The bigger the opponent, the more painful it is for him to fall - everyone knows this but does not believe that this applies to the state, corporations and other whales of this world. It is enough to have a real desire and a good connection and you can achieve a lot, in fact. Isn't that what cryptocurrency itself teaches us all?

[adaseb]

If you guys head over to the Dogecoin reddit,

https://old.reddit.com/r/dogecoin/

You will see there are tons of people convinced that its not only going to hit $1 but might hit $10 even. So $10 Doge/USD would put its market cap at $1.1 Trillion, basically there are maybe a few stocks with market caps that high. It just doesn't seem possible.

However people saw GME go from $3 to $500 which is a 166x gain or Bitcoin from like $10 to $42000 which is a 4200x gain. So they think that Dogecoin can easily reach $1. However they are forgetting that GME at $3 had a small market cap same with BTC at $10. Going from the current price on-wards is not going to be so easy.

[Betwrong]

I doubt it was the work of WSB, it was probably the crypto traders, just like when Elon tweeted about Doge.

after the gamestop pump, i don't think we can right off WSB that easily. this dogecoin move was significantly bigger, in % terms, than any other that ever came before. i'm sure altcoin traders are riding the wave, but that alone suggests something bigger is at play this time.

i'm not sure it's over either.

It's definitely not. Below is a quote from a post made 18 hours ago:

The only reason that it’s staggering is because free trading brokerages like Robinhood are making you wait until your deposits go through which takes up to 5 days, so ALLLL of these people who WANT to put in CANT because their deposits have not gone through.

I believe them. I'm not sure if $1/DOGE is possible, but surely these guys are not done yet.

[darewaller]

I have always said it during this period, going into full crypto would not help achieve the goal of wallstreetbets aims.

Sure they could make some money, but this would be a simple pump and dump by them because only they exist in this sphere, sure there are some other crypto people in doge as well but it is basically all filled with crypto people and that's it.

However in wall street when they fight to keep gamestop at the peak points, that really doesn't just make them money alone, that also allows you to "stick it to the man" and that is an important part of the discussion.

If these people made money from GME that means there are companies like Melvin Capital that lost money and these people do care about that. Sure it happened to be at the same time but I do not even think this was them, it was probably only Elon Musk and nothing else.

[Reid]

Are these guys following Elon's shadow or are they people of Elon? 
It's like whatever Elon did they are mimicking it.
Perhaps, it is connected. Just my own speculation. I am not really sure about it.

It's a good thing for me too although I don't really follow them.
I want to sell my Doge's at a good price as fast as possible. It's not like it's Bitcoin right?

[fiulpro]

It's not just that but there are many celebrities and famous people who are trying to deviate the crowd and get them invest their money 💰 into the cryptocurrencies or some stock. Right now Elon Musk is definitely having some fun since what he did with bitcoins , writing bitcoins in # and then just replying so coldly it's just regular for these people.
It's not only btc and dogecoin anymore , many celebs are targeting small currencies to use their full potential of it. Dogecoin might just be another thing that would soon be listed in top cryptocurrencies or it might just be like ripple , die as fast as it emerged.
But I would prefer buying bitcoins and not any other cryptocurrencies even though the price is rising so much , or even ETH it's performing very well and I do think we might soon see some good news.

[dupee419]

And that's the power of Elon Musk, he's not only rich and famous, he's also smart, and this is what to expect with Doge's price, going up and even more so today, great news for Dogecoin and I'm glad Elon gave exposure to this quite "underrated" cryptocurrency, let's see how far the pump will go!

[bekti3]

It is interesting to see small investors competing against institutional whales and making some money.

This is what I hope that even small traders, when the time comes, will have the opportunity to make the same profit as the big traders if they can really stand holding DogeCoin. bought it cheaply and was given the opportunity yesterday. I believe that in cryptocurrency, a person can change his life for the better.

[SaShiRaJaVu]

I read on CNBC that someone made $22M from his $50K investment on GameStop in just a few weeks.

Damn, that is one hell of a profit, to earn $22 million and that too multiplying his initial investment 400 times in a short period of time is magical. How to follow these groups when they plan on pumping these coins, heard about these pump groups but i thought these are just jokes but with the way things have gone in the past few days i would like to know more about these magicians .