Hype around DOGE

[scottsanderman12]

Yesterday I managed to make money on this coin by closing a short deal and going to bed. Today, the coin returned to the date I closed the deal. Interested in the opinion which exchanges you use to trade this coin and highlight their positive aspects regarding this particular situation. Thank you!

[Nikole Fischer]

When I saw the hype around Doge started, I immediately became interested in learning more about this cryptocurrency. I had read several articles about these Memes-coin and decided to buy some. Reddit community is completely crazy and I'm astonished by their pump of DOGE. 

There are a lot of different exchanges with DOGE on their list but I can allocate the EXMO so far. I like it cause I can usually find quite lower prices compared to other platforms and high liquidity.

[StephenJH]

You can literally use any crypto exchanges for trading Doge but I don't advise touching this overprices shitcoin. The 10000 new Doges are generated on each block and each new block happens on every 10 minutes. Now think about it, how long will Elong keep pumping with so much high supply rate altcoin? The higher the marketcap goes, the lower chance of hitting high prices, in my trading experience. The each new block will increase the total supply and the new investors will get bust sooner or later.

[ReiMomo]

Yesterday I managed to make money on this coin by closing a short deal and going to bed. Today, the coin returned to the date I closed the deal. Interested in the opinion which exchanges you use to trade this coin and highlight their positive aspects regarding this particular situation. Thank you!

If you have time to research you can do it and verify first which exchange platform is good to trade dogecoin. You can visit the coinmarketcap and look at where those exchanges dogecoin associated with. https://coinmarketcap.com/currencies/dogecoin/markets/.

With the mouth money machine of Elon Musk, dogecoin was increased too much this month just because of him, and the hype obviously did that.
Appreciate what Elon Musk has, though he is not my idol, there is some time we should think that he belongs to those whales who were trying to manipulate the market since this was trusted by him.

[gs25]

I love Doge, Elon Musk loves doge. I have made A LOT of money because of Doge. Much wow!

[Kelvinid]

From the very starts, I never buy dogecoin in short I'm not a fan of it. Although, I knew Dogecoin has build a strong community all over
the place in the entire world. It maybe low its price but the volume was quite impressive. But after that still I'm not impressed to invest
in it. But you can see most of the time in the exchange actually here in cryptocurrency.

Nobody thinks that Elon Musk does this, It surprises everyone. Now, holders are getting rid of the hypes while those who ignore Doge feel not good. But if you are playing safe, you should not invest in Doge now. The hype could be over soon, which could make you lose if you invested during this hype, not know if Elon Musk will dump Doge and tweet again.

That is a high risk happening to Doge right now, I'm still not confident about this. We're not seeing a stable market demand for Doge but it just a moment that Elon announces it, then spike. I'm not sure but gonna be a trap, IMO.

[asriloni]

You can try to trade doge on binance and that's the best exchange site so far. If you wanna get the highlight about it and just try to keep your eyes on the elon's tweet. all of fundamental aspects from doge coin were coming from elon's statement about doge coin. This is not something new for sure. I just say that based on the fact that happened with doge coin.

Some members might have also suggested a good answer too but that depends on yourself about what kind of exchange that you wanna use it as your place to trade doge coin.
This is my 2 cents.

[goinmerry]

Yesterday I managed to make money on this coin by closing a short deal and going to bed. Today, the coin returned to the date I closed the deal. Interested in the opinion which exchanges you use to trade this coin and highlight their positive aspects regarding this particular situation. Thank you!

On what exchange you are currently doing trades for it? Seems to me that it's already a good one and you don't have a problem at all so just stick with it.

For a quick response to your question, the most obvious to be considered is where it's trading with a high volume. Without clicking on the link, Binance has the highest trading volume activity for Dogecoin.

https://coinmarketcap.com/currencies/dogecoin/markets/

[tabas]

Yesterday I managed to make money on this coin by closing a short deal and going to bed. Today, the coin returned to the date I closed the deal. Interested in the opinion which exchanges you use to trade this coin and highlight their positive aspects regarding this particular situation. Thank you!

Binance.
If you can't decide which exchange you want to trade Dogecoin then choose the popular ones. Binance isn't the only popular that supports it but it's a good exchange which is common to everybody.
Its Doge/USDT pair has the largest volume of them all.

[Tigboom]

i tried to trade some doge yesterday on futures and had little loss. it was obvious that the market was heading down yesterday and today the elon news came and everything changed geared. thats why coins are pumping. its not as if doge is useful, its just making a troll of it.

[memyselfandi]

From the very starts, I never buy dogecoin in short I'm not a fan of it. Although, I knew Dogecoin has build a strong community all over
the place in the entire world. It maybe low its price but the volume was quite impressive. But after that still I'm not impressed to invest
in it. But you can see most of the time in the exchange actually here in cryptocurrency.

Nobody thinks that Elon Musk does this, It surprises everyone. Now, holders are getting rid of the hypes while those who ignore Doge feel not good. But if you are playing safe, you should not invest in Doge now. The hype could be over soon, which could make you lose if you invested during this hype, not know if Elon Musk will dump Doge and tweet again.

That is a high risk happening to Doge right now, I'm still not confident about this. We're not seeing a stable market demand for Doge but it just a moment that Elon announces it, then spike. I'm not sure but gonna be a trap, IMO.

That is right mate. Despite of the hype and great price value of doge, still this is not the best time to invest and buy doge coin. The hype can end anytime soon so it is very risky, Don't get too much affected by those people who are saying they made a lot of money through doge, most of those people didn't buy, instead they are holding doge coin for a long period of time.

[Ridwan Fauzi]

I only see one factor that makes doge price being pumped until now, yeah Elon Musk tweet. A year ago if I'm not mistaken Elon Musk was interested to Doge coin and as like now Doge coin was increased a lot, but after that when there was nothing this coin was decreased.

And now he is back, not only that he takes bitcoin as well and make its price touch the all time high for the second time and even now has passed it. As for trading doge, currently I'm using binance exchange and I always use future market. I use high levarage and small amount like $20-50. This exchange is friendly to use, more than that they make it easy to make withdrawals and deposits.

[senyorito123]

Yesterday I managed to make money on this coin by closing a short deal and going to bed. Today, the coin returned to the date I closed the deal. Interested in the opinion which exchanges you use to trade this coin and highlight their positive aspects regarding this particular situation. Thank you!

I am using bitforex right now and it made me amazed with their support despite of maintenance happening, they'll able to made my trading successful from previous days I had with their exchange site. In order to have a successful close deal with an exchange you should be transparent with their telegram to avoid confusions. It's always up to you to decide which trading site you'll prefer of as long as you're satisfied with the service.

[Rexler]

i tried to trade some doge yesterday on futures and had little loss. it was obvious that the market was heading down yesterday and today the elon news came and everything changed geared. thats why coins are pumping. its not as if doge is useful, its just making a troll of it.

Sorry about that, but y'all should know by now that doge is a sh*tcoin altcoin, everyday more dogecoins are added into circulation what do you think will happen, miners will dump each time it tries to hit 10cents, so that means you have to pray Elon Musk next tweet should be about Dogecoin, the other day I saw someone who got trapped at doge's recent ATH, crying under Elon's tweet begging him to make a tweet about doge coin so that it can pump, If I were  you I would stay clear from dogecoin to avoid more losses.

[lobo13hf]

https://coinmarketcap.com/exchanges/binance/

You can try to use it. The most reliable exchange site in the world and almost all of demand gets centralized on binance.
It's very good site to trade doge coin on binance. You can also try to use another site like gate, kraken or upbit. Im also actively trade on these sites too. The big volume should be the main consideration.

Big volume means demand. That means a lot of people were also actively using these sites.

[Billo_]

Elon Musk has huge influence because of his legit tech and rocket science.
People trust him and when he likes DOGE, it is inevitable for DOGE to increase in price.

DOGE will always be useful and maybe it will also be accepted as a currency because I can imagine DOGE to be more legit in comparison to Shitcoins like  BSV, Tron or XRP.

[TastyChillySauce00]

DOGE will always be useful and maybe it will also be accepted as a currency because I can imagine DOGE to be more legit in comparison to Shitcoins like  BSV, Tron or XRP.

It's only useful to be an alternative payment system and I'm not seeing the chance for doge to be accepted as a currency consider it has unlimited supply.
TBH, Even the pump of doge will not change its reputation to be the memecoin aka shitcoin.

I think that TRON is quite better compared with the meme and fork coins. It should not be included in your list.

[NeuroticFish]

I'm not seeing the chance for doge to be accepted as a currency consider it has unlimited supply.

You know, USD has better acceptance than Bitcoin and USD has unlimited supply.
Actually the unlimited supply makes it more suitable as replacement for "cash" or "fiat" in day by day payments.

The real problems of Dogecoin are
* this unlimited supply makes it sort of black sheep in the crypto world where the trend it to make coins with limited supply.
* this unlimited supply makes it potentially bad investment.
* since it was created as a meme coin, (too) many don't take it serious.

[leea-1334]

i tried to trade some doge yesterday on futures and had little loss. it was obvious that the market was heading down yesterday and today the elon news came and everything changed geared. thats why coins are pumping. its not as if doge is useful, its just making a troll of it.

I did not know there was such a thing as doge futures,,, which platform did you trade it on? Doge is really enjoying a long time in this rally, and elon being elon is going to keep adding fuel to the party for as long as possible.

Doge is useful though. If you are a gambler you know what for,,,;)

[OscarDavidson]

I agree with the point that DOGE isn't the most reliable asset for long-term investment but as I see this shitcoin has already made an insane profit for its holders. I wish I had an idea about the next coin which Elon, Reddit either anyone will pump it up. I don't care much about DOGE price in the next few years but I think it's worth buying it as long as news and hype about DOGE is on our lips because you can still have some benefits.

There are a lot of different exchanges with DOGE on their list but I can allocate the EXMO so far. I like it cause I can usually find quite lower prices compared to other platforms and high liquidity.

It's not the first time I hear about EXMO so recently I tried to use it. So far I can say that trading on this exchange is simple and effective, indeed.