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Author Topic: Is May 8 the Dogecoin bubble burst date?  (Read 260 times)
virtualdn (OP)
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May 05, 2021, 11:50:59 AM
 #1

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash

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May 05, 2021, 12:20:34 PM
 #2

We are all unaware of what will happen on the 8th, just because Musk tweeted, everyone has been pumping the price, thinking that they will make a profit by then. That is why in May 8, I also believe that the air inside doge will come out. But he can also do anything doge supported. Maybe it will be such a news that the price will be pumped to unimaginable places. Let's see if Musks' pockets are full, or if he still has pockets that are not fully filled.
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May 05, 2021, 02:15:31 PM
 #3

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash

There will be many people sell doge coin if it getting pumped on Saturday night live.
You can see the volume of the coin is increasing even now, many people already started to accumulating doge coin.
On the other hand, bitcoin price is a little down, maybe some people converted their btc to doge to take advantage of this pump.


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May 05, 2021, 02:37:18 PM
 #4

Doge became pump and dump material. So, it's difficult to say whether it will pump or dump. In most Technical Analyst group, there is fud that it may burst. Let's see what happens.

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May 05, 2021, 03:03:12 PM
 #5

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash
If you want to join with that, you need to have Dogecoin and if you can buy at a low price, that will good for you because you can sell your Dogecoin at $1 (if the price really reaches that price). If it is not, maybe you need to wait for some time and do not panic because I think the price will be up and down many times, making your heart beat faster.

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May 05, 2021, 03:16:46 PM
 #6

Yes ,, this is the right way to own BTC by selling our DogeCoin. and I am very sorry that a few months ago I had Doge and squandered it. I never thought that Doge's price would increase like this ..
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May 05, 2021, 04:14:24 PM
 #7

Doge will touch 1$ or not it will depend on what Elon is going to announce. But I do not think it will reach 1$ even he announce that people can buy tesla with dogecoin. Also when something is running for too long its value or power will slow down with time. No matter how influential Elon musk is doge hype is running for a long time and if doge somehow hits 1$ people's sentiments about doge will go bearish and we may saw a huge dump in a day. Also, I do not think investors are now interested in buying dogecoin after its price reaches its current level.
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May 05, 2021, 04:18:51 PM
 #8

It seems still speculation by people but the second wave for doge coin already ended and we may see another huge increase again happens with doge coin very soon. That could be a signal for the bubble burst but im not sure about that as per my speculation of doge coin was not reaching the third wave and it will be coming as soon as possible.
Elon was posting it on his tweet and it might have inside his tweet. That's a very interesting story to be watched.

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May 05, 2021, 04:21:52 PM
 #9

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash
Dogecoin price has increased a lot after Elon musk tweet. All the people are buying dogecoin now. So I think it is very easy for dogecoin to reach at 1$. I am waiting for that movement Cool

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May 05, 2021, 04:26:54 PM
 #10

Yes. the thing that the Doge community is eagerly awaiting and this will be a warm conversation for several days after the event on that date it is certain that the price will rise sharply, but the sharp decline must also be taken into account by the User.

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May 05, 2021, 04:28:41 PM
 #11

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash
Avoid FOMO, if you don't want to get into the trap made by a crypto whale who is called Elon Musk.

He is publicly stating everything which means he wants to take the advantage of the emotions of all those investors and reap profits from it, be smart!

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May 05, 2021, 04:39:28 PM
 #12

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash

No one knows when the bubble will burst for dogecoin but it will happen for sure. It's mainly a meme cryptocurrency and the value of this coin is only skyrocketing just because Elon is supporting it. There is real value proposition behind it.

So unlike bitcoin, dogecoin's value will collapse once the bubble run is over. Just no one knows when it will happen. Till then, mint as much as you can!

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May 05, 2021, 05:04:50 PM
 #13

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy

https://cointelegraph.com/news/may-8-day-to-watch-for-dogecoin-amid-warning-doge-can-suffer-xrp-style-crash
The doge might also hit $1 because it is again 40-50% up after so-called DogeFather Elon Musk tweeted about it and then his blind followers just made huge investment in the market pumping prices to $0.59 on CMC.Doge valuation has now become more than entire Ford and Honda company.And all this because of Elon Musk and people blindly investing on his directions.

No one knows when the bubble will burst for dogecoin but it will happen for sure. It's mainly a meme cryptocurrency and the value of this coin is only skyrocketing just because Elon is supporting it. There is real value proposition behind it.

So unlike bitcoin, dogecoin's value will collapse once the bubble run is over. Just no one knows when it will happen. Till then, mint as much as you can!
This pump and dump scheme will end soon when Musk will cash out his profits but at that time the doge market will crash badly and people will loose huge funds like they have been scammed by some ponzi scheme.His popularity is driving him to manipulate the market with coin with no technical development other than payment option and making meme coin pump so high.But all this is a temporary run and people will shift towards other top cryptos after all this is over.

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May 05, 2021, 05:22:55 PM
 #14

Doge became pump and dump material. So, it's difficult to say whether it will pump or dump. In most Technical Analyst group, there is fud that it may burst. Let's see what happens.

Since the beginning, DOGE is a typical pump and dump coin. This time, the price is getting pumped every day, but the time will come that the bubble will burst.


Avoid FOMO, if you don't want to get into the trap made by a crypto whale who is called Elon Musk.

He is publicly stating everything which means he wants to take the advantage of the emotions of all those investors and reap profits from it, be smart!

FOMO is real, a lot of people, without any knowledge about crypto read something about DOGE and want to invest in it. I think a lot of people will suffer severe losses ...

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May 05, 2021, 05:27:47 PM
 #15

Bought myself 10 bucks worth dogecoin. I want to be a part of a history too. I dont think that on May 8 dogecoin price will reach 1 $. More likely something interesting will be announced and that is it. Elon Musk can even troll everyone by doing nothing May 8. Dogecoin crazy pump has already stopped at the mark of 60 cents. Cant wait for dogecoin to become top3 altcoin.

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May 05, 2021, 05:35:52 PM
 #16

No one knows when the bubble will burst for dogecoin but it will happen for sure. It's mainly a meme cryptocurrency and the value of this coin is only skyrocketing just because Elon is supporting it. There is real value proposition behind it.
So unlike bitcoin, dogecoin's value will collapse once the bubble run is over. Just no one knows when it will happen. Till then, mint as much as you can!
Not only Elon Musk helping the doge price to surge. Few other whales and platform also trying to make the price bubble of doge. And most of them have the intention to dump their coin largely while it will reach at a certain level. So all other people and investor will fall in the trap who are investing in doge at higher rate. Seems like people are investing in dogecoin for making profit in short term, not for long term holding.

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May 05, 2021, 05:39:07 PM
 #17

Elon Musk shows on SNL on May 8, Dogecoin reaches $1 and then the bubble bursts! I hope it reaches $1 so I can buy more BTC with it to round up my BTC holdings Cheesy
I have no idea what is going on with Dogecoin as the price keeps on rallying and it looks like the market is dominated by the rally from Doge and ETH but later on BCH and other coins joined the rally and finally Bitcoin. Even now i cannot imagine the price of Dogecoin going to a dollar but considering all these pumps which i never thought would happen i wont be surprised if it moves up further from this valuation.
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May 05, 2021, 05:41:58 PM
 #18

This is crypto and anything can happen, that is to say, you might be expecting a dump or correction on a coin only for it to keep going up thus defying all odds, in the same way, you might have much expectations on a coin only for it to disappoint. What I am driving at is, no one knows what will happen on May 8 as you can't really predict this market, and in this current market, many analysis and so on has been defied by various coins, but however fud is a very strong factor in this space, so if you felt like taking profit it's still a good idea or you want to hold, it's still your own decisions since many are targeting $1, and moreover those who held Dogecoin till now have earned so much.

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May 05, 2021, 05:44:53 PM
 #19

Doge became pump and dump material. So, it's difficult to say whether it will pump or dump. In most Technical Analyst group, there is fud that it may burst. Let's see what happens.

Doge had been a pump and dump material since 2014. But one of my friend firmly believe that Doge will leave that behind as he reasoned out that there will be lots of establishment to accept Dogecoin.  He also believe that on May 8 is the big day for Doge and I am curious what would be that Big day on May 8, if its the bursting of bubbles that would be a sad day for the Dogecoin late comers (those who bought at peak price).  But we really don't know what would happen so I guess many of us will be waiting for that day.
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May 05, 2021, 05:47:52 PM
 #20

I think the answer to this question is absolutely yes. Especially in my country, there is an incredible DOGE craze. I had friends who suffered from panic sales today. DOGE is all about gambling now and I think traders should think about it 100 times  Undecided

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