BTC's crisis time is coming

[CarnagexD]

Doesn't matter. Bitcoin has already died hundreds of times ever since it was made, to die another time wouldn't mean too much. The current hype around DOGE is another one of those pump and dump schemes that Elon has set for some ulterior motive he has under his sleeve, so take the current boom in DOGECOIN's price with a grain of salt.

[rhomelmabini]

DOGE is a bubble about to get burst anytime soon since it isn't sustainable to have. I wouldn't be that surprised if many regulations comes to play in this space just because of this meme coin. I don't know if you've watch this from Charles Hoskinson but I think it's a great one. https://www.reddit.com/r/CryptoCurrency/comments/ms6p31/everyone_needs_to_hear_this_from_charles/?utm_medium=android_app&utm_source=share

[Shasha80]

Do not compare Dogecoin with Bitcoin, because they are very different from the two. Never mind don't make Dogecoin a threat to Bitcoin,
this does not mean that the trading volume of Dogecoin is high and the price has risen dramatically, which could make Bitcoin a crisis.
This is wrong thinking, Dogecoin's increase was only because of the hype that occurred because of the tweets by Elon Musk, so many people
became panicked buying. Meanwhile, Bitcoin has very strong fundamentals, because many institutions are investing in Bitcoin in the long term.
So I think investing in Bitcoin is much safer, than choosing to invest in Dogecoin.

[TravelMug]

Holy crap, Doge the meme coin is now becoming the most influential coin and could top bitcoin anytime.

Just have a good laugh when I saw this thread,  people really don't know what is bitcoin and what influence it can bring to other coin, not the other way around. Sure, we've seen Doge getting like 100% gain or even higher because of Elon Musk, but still, this is just a pump and dump and we all know that. I'm sure another coin will be pump insanely in the next coming days and then we gonna here a someone claiming that it's the death of bitcoin... again.

[crwth]

Many people might be riding the DOGE wave; that's why many people are trading DOGE now and not a different coin. Most people are doing crazy things with their money, like investing in DOGE, but if you can take advantage and profit from there, why not?

There's no way it can overtake BTC. Trading volume can or percentage increase in price for a shorter timeframe, but I don't think so in the long term.

[iTradeChips]

What I think is that there is really nothing for us to worry when it comes to the performance of BTC because it is the top crypto. There would be more possibilities for pump since its adoption by many mainstream companies and trading institutions. The people like social media influencers and business tycoons gives many tweets and many information that would make newbie traders scrambling to get their bitcoins and altcoins into play. It is not yet crisis so nothing to worry on that one.

[rhomelmabini]

Holy crap, Doge the meme coin is now becoming the most influential coin and could top bitcoin anytime.

It will never happen even if Musk is still alive, who knows but I said it again this isn't a sustainable growth and I am condoling those who will bought at the top and cry later on if they get -50% or more from their portfolio.

[iTradeChips]

Holy crap, Doge the meme coin is now becoming the most influential coin and could top bitcoin anytime.

It will never happen even if Musk is still alive, who knows but I said it again this isn't a sustainable growth and I am condoling those who will bought at the top and cry later on if they get -50% or more from their portfolio.

Could we stop seeing posts saying how Doge will someday be King of crypto and Bitcoin is meeting its doom messages? It's annoying to see people who thinks that Bitcoin will be over and that it will be an obscure piece of digital property. We all need to accept that as long as Bitcoin is the one calling the shots then we are always be assured that no matter what happens to the coin, it will bounce back and will bounce back gracefully.

[Cling18]

The bear market is already part of the crypto cycle and we shouldn't feel afraid of it but rather take it as an opportunity to buy and accumulate crypto at a low price. There's a season for everything and this kind of season isn't new to us since it could literally happen after the bullrun. People see a huge potential in Doge coin which in fact, it isn't as functional as other altcoins so I don't think it could replace Bitcoin that easily because it still has a lot to prove. It's pumping because of the hype from the influential people.

[Marvelman]

I wouldn't call for a bear market yet. Bitcoin is currently trading below the 50 MA level, which is not a good thing for the cryptocurrency. If BTC fails to close today's candle above the 50 MA, it will turn bearish and will soon challenge the 100 MA, which will be about $ 50 k. So far, $ 50 k is looking very good, with buyers eagerly awaiting in that zone.

Considering the rally we've seen this past few months I think investors are right to be cautious about the intermediate trend. I expect bitcoin to retest the $ 50,000 level before the new rally begins.

[johnwest]

I dont see any crisis at this moment, we are just seeing random untruthful FUDs, which is just dragging down the BTC price. The BTC dominance had reached the crucial 50% mark but because of the BTC FUDs, many people went back to BTC from their alts and the dominance is back to 51.7% and we are seeing some red.

I think the OP here wanted to spam the DOGE roll and named a crisis by himself..

[perfect999]

1)DOGE UP-> BTC DOWN->OTHERS DOWN->DOGE DOWN->Faith collapses->GAME OVER

The money are limited，When DOGE rises, money comes out of btc, and the market is established by btc, faith collapses, and other coins fall, and they all die, and DOGE can’t escape.

2)DOGE UP-> BTC DOWN->OTHERS DOWN->DOGE DOWN->DOGE UP AGAiN&NEW COIN UP->OTHERS UP->BTC marginalization

There are always hotspots in the currency market, we can continue to play,

I am not really understanding what you’re saying here, what do you mean by bitcoin crisis?
From the way I have understood this, you’re trying to say that this is the end of bitcoin? Nah that’d not true.

I don’t know why you all are fond talking about a failure for bitcoin when there is a decrease, it can be really annoying, you all will rejoice when there is an increase and you will talk about how much it is grow and replace the fiat system and bring down the government lol, but when it has the slightest fall, you will turn to preaching about the end of bitcoin. Very funny. Bitcoin is far much better than the dogecoin you are talking about.

[EncuentraCerca]

After the impressive rise, the strange thing would be that there was no major correction. But now that so many institutions are entering btc, the strange thing would be if there weren't at least a couple of good years ahead

[milani]

In recent days, the trading volume of many DOGE exchanges has ahead of  BTC.BTC's market share is decreasing and its value will be revalued



------add-----new------------

The money are limited，The market value of btc is too high， and it takes too much capital to rise ，DOGE is small

1)DOGE UP-> BTC DOWN->OTHERS DOWN->DOGE DOWN->Faith collapses->GAME OVER

The money are limited，When DOGE rises, money comes out of btc, and the market is established by btc, faith collapses, and other coins fall, and they all die, and DOGE can’t escape.

2)DOGE UP-> BTC DOWN->OTHERS DOWN->DOGE DOWN->DOGE UP AGAiN&NEW COIN UP->OTHERS UP->BTC marginalization

There are always hotspots in the currency market, we can continue to play,



------------（My native language is not English, use Google Translate）

I can not agree with you. I am not sure that the whole market is concentrated on Doge and Bitcoin only. And I do not consider the Dogecoin to be so important that you have showed us on those schemes. The increasing and decreasing of Bitcoin's price is a normal and repeating thing. What about the destiny of Dogecoin - nowadays it is being talked a lot, but the day when it will be forgotten will come. But Bitcoin will stay. And we all know why.

[ipanks]

If you check Dogecoin position at CMC or Coingecko, you see the position now is down and USDT takes back the position in number fifth. Dogecoin now competes with ADA and I do not think that Dogecoin can defend the position from ADA because the gap is not too far. But we will see what will happen later and if Dogecoin can get pump again, maybe that can help Dogecoin increase and back to the fifth position.

[Alucard1]

The inflation we have seen in Doge is just manipulated by those popular persons, they just creating a tweet about this altcoin and beginners start to get hyped because of this, this inflation for Dogecoin will not last for too long because doge is still not like bitcoin, we cant compare the number of investors of bitcoin and doge because bitcoin has so many investors that is why bitcoin already created a big trust to a lot of ofpeople. Don't just depend on the current situation, you should not sell bitcoin just to buy Doge that would be a big mistake that you may do if ever.

[btc-room101]

DOGE is just a shitcoin and it is being manipulated by BigBoys. DOGE doesn't have as many holders as Bitcoin.
We have seen the market go up steadily since April 2020. Rapid and constant growth will have to undergo corrections, so I expect Bitcoin to decline in a few weeks or months (around 2 months). I don't worry much about Bitcoin because a lot of people are still actively buying them after the price drops and taking them off the exchange.

129,279,689,645 DOGE


18,687,562 BTC

Do you actually believe anything you write? Or do you just assume everybody is an idiot?

https://coinmarketcap.com/

There are 129 Billion doge held, and there are only 18M btc held

The majority of large holdings of BTC is just a few whales, and pre-miners; On the other hand, because its affordable ( 0.03 cents ) Doge, is the ultimate stimmy-check crypto

The majority of little guys hold less than 0.05 BTC, the majority of littles guys on DOGE hold millions

The reason that BTC went parabolic post fall 2020, is because rich-guys like MUSK bought billions of dollars to fund their financially failing companys, now that BTC has corrected 20% guys like Musk have paper losses, that need to be covered.

BITCOIN is #1 shitcoin, today Doge #6 shitcoin, when it hits $25, it will be par capitilization with BTC, meaning it will be MORE valuable that shitcoin #1, then DOGE will be shitcoin #1

All crypto is shitcoin, because all is pushed by scammers, and common criminals

[Alert31]

In terms of value bitcoin always win against Dogecoin. Its not just happened because of the supply but also because of demand. Bitcoins demand keep on increasing from the day that it was created but with regards to doge after a couple of years the value still not increase, only relies on pump and dump. Adoption of bitcoin from other countries are just started and after next couple of years you will see that bitcoin will reach another ATH because of the increase in demand. What about Doge?

[btc-room101]

Many people might be riding the DOGE wave; that's why many people are trading DOGE now and not a different coin. Most people are doing crazy things with their money, like investing in DOGE, but if you can take advantage and profit from there, why not?

There's no way it can overtake BTC. Trading volume can or percentage increase in price for a shorter timeframe, but I don't think so in the long term.

BTC is boring for robin-hood traders, who just got another stimmy-check

They don't bother with BTC, and do what with their 0.05BTC? Trade? and lose 0.01 on every trade on fees? BTC is a scam ran by exchanges, & 'trading' houses. ( I really that that all exchange are in on the 'trading' scam ), where 90% of all traders lose their principal the first month.

On the other hand with Dogecoin our stimmy boy can buy 40,000 Dogecoins at todays price at 0.03 cents.

So honestly, with your thinking hat on, what are they going to buy? The thing that get them 0.05, that has no use? Or the thing that can turn their $1200, into $52k so they can buy a BTC?

Hell, at todays price DOGE is the true HODL coin, it only has to go to $100, to make our boy $200k, and if it goes to $500, he is a MILLIONAIRE

[CaVO32]

In terms of value bitcoin always win against Dogecoin. Its not just happened because of the supply but also because of demand. Bitcoins demand keep on increasing from the day that it was created but with regards to doge after a couple of years the value still not increase, only relies on pump and dump. Adoption of bitcoin from other countries are just started and after next couple of years you will see that bitcoin will reach another ATH because of the increase in demand. What about Doge?

Before all these hypes happen in doge, their transfer fee is considerably cheap why a lot of users are using doge for transfer purposes. A lot of gamblers even use this alt for their gambling purposes. But nowadays, if you will check the withdrawal fee on exchanges, it is now expensive as compared to other alts like LTC. So for me, it is not practical anymore to use doge for transfer purposes. So now you can really ask, what will be the use case of doge if their transaction fees are expensive already?