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Author Topic: Dogecoin liquidations briefly surpass Bitcoin. New altcoin era?  (Read 224 times)
jacafbiz
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April 27, 2021, 04:40:58 AM
 #21

These Doge crazy and most of these animal coins that pumped recently is as a result of ELon Musk shill Doge which causes spike in the prices of these coins. We are likely to see maximum pain from all these animal coins soon because none of them deserve their current valuation and smart people are watching this

meanwords
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April 27, 2021, 04:44:48 AM
 #22

-snip

That's stupid. Bitcoin's Liquidity is steady compared to the unpredictable state of Dogecoin. This kind of events doesn't really marks any era. This just shows how influential Elon Musk really is to be able to make people (even those who are not investors) invest in Dogecoin.

Vishnu.Reang
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April 27, 2021, 05:46:25 AM
 #23

That's stupid. Bitcoin's Liquidity is steady compared to the unpredictable state of Dogecoin. This kind of events doesn't really marks any era. This just shows how influential Elon Musk really is to be able to make people (even those who are not investors) invest in Dogecoin.

I haven't studied the tweets made by Elon Musk in detail. But from what I have heard, he never recommended anyone to purchase Dogecoin. And most importantly, Tesla has purchased Bitcoin instead of Dogecoin or any other altcoin. And that makes it very clear which cryptocurrency Elon prefers for investment. A few people misinterpreted his tweets on Dogecoin, in order to create a pump-and-dump cycle with Dogecoin. Those who got fooled and made their investment are going to regret about their decision very soon.
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April 27, 2021, 06:00:20 AM
 #24

There's a lot of buyers and sellers with DOGE in the past weeks and that's why its price goes up and down, and that makes it more liquid but if you look at the whole point of Bitcoin, that liquidation is still low compare to Bitcoin. That volume is just the effect of Elon Musk influence, and I don't consider that as the new altcoin era, maybe a new era of advertising a project especially a meme token. 
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