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Author Topic: Be careful with DOGECOIN, there's a lot of hype on it.  (Read 202 times)
Questat (OP)
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May 06, 2021, 09:12:32 AM
 #1

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?

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May 06, 2021, 09:38:51 AM
 #2

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?
Yes bro, I had never thought that Doge can reach 0.5$, but it has crossed 0.5$ and reached at 0.6$. So now it is very easy for dogecoin to cross 1$. And I am sure we will see dogecoin at 1$ soon.

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May 06, 2021, 10:41:57 AM
 #3

When bear market comes the dip will be massive 🤣 ,many are aiming for 1$ per dogecoin right now, I'm not saying it's impossible but dogecoin is the most risky top altcoin to invest in right now that's my point, way too high hype on this project

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May 06, 2021, 10:43:43 AM
 #4

When bear market comes the dip will be massive 🤣 ,many are aiming for 1$ per dogecoin right now, I'm not saying it's impossible but dogecoin is the most risky top altcoin to invest in right now that's my point, way too high hype on this project
Yep, just like ICO at the last few years. The drop will hurt a lot. I won't be surprised if we see crypto drop -80% or so when those retails quit like crazy because the big player starts taking profits. It won't end well.
Questat (OP)
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May 06, 2021, 10:45:45 AM
 #5

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?
Yes bro, I had never thought that Doge can reach 0.5$, but it has crossed 0.5$ and reached at 0.6$. So now it is very easy for dogecoin to cross 1$. And I am sure we will see dogecoin at 1$ soon.

As the hype continues, that is not impossible, however, we have to realize that buying for long-term hold is not a good idea, short term trading is best applicable now as the market is bullish for DOGE.

When bear market comes the dip will be massive 🤣 ,many are aiming for 1$ per dogecoin right now, I'm not saying it's impossible but dogecoin is the most risky top altcoin to invest in right now that's my point, way too high hype on this project
Yeah, that's why I'm bringing it here because I thought that way, this is also to share to anyone and to get members' opinions here.
I'm pretty sure those who are active in the forum and had already witnessed the market in the past bull run would agree with me.

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May 06, 2021, 10:51:46 AM
 #6

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?
Yes bro, I had never thought that Doge can reach 0.5$, but it has crossed 0.5$ and reached at 0.6$. So now it is very easy for dogecoin to cross 1$. And I am sure we will see dogecoin at 1$ soon.

As the hype continues, that is not impossible, however, we have to realize that buying for long-term hold is not a good idea, short term trading is best applicable now as the market is bullish for DOGE.

When bear market comes the dip will be massive 🤣 ,many are aiming for 1$ per dogecoin right now, I'm not saying it's impossible but dogecoin is the most risky top altcoin to invest in right now that's my point, way too high hype on this project
Yeah, that's why I'm bringing it here because I thought that way, this is also to share to anyone and to get members' opinions here.
I'm pretty sure those who are active in the forum and had already witnessed the market in the past bull run would agree with me.

I am more concerned with the backlash it gave to the whole cryptoworld once it burst. It will strengthen the image in a lot of people's mind that every crypto is not a serious project and a mere pump and dump. I think it also possess a chance to drag several other tokens with its downfall because inexperienced people who jump wagon into crypto got coldfeet and throw away every alt they accumulate during their short visit to crypto
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May 06, 2021, 10:55:07 AM
 #7

Agree, now might be a good time to cash in a portion of your DOGE. I advise that with most alts right now though, many alts are pumping out of control whilst bitcoin is going sideways. At some point lots of alts profits will start flowing back into bitcoin. Be careful, don’t be left holding heavy alt bags.

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May 06, 2021, 10:58:35 AM
 #8

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?
No doubt, I believe investors should take caution on DogeCoin investing and try not to be too greedy as in wanting to ride all the way to the top because i am afraid that is when it could spell disaster. I think it is a good investment at the time because people are making profits out of it but i am sure it will also dump hard when the time comes. 
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May 06, 2021, 11:02:01 AM
 #9

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?
When it is on the $0.20, I said to myself that there will be a time that it will go down and will be pumped but it didn't happen.
When it is on the $0.40, I said to myself that there will be a time that it will go down and will be pumped but it didn't happen.
When it is on the $0.60, I said to myself that there will be a time that it will go down and will be pumped but it didn't happen.

Right now, DOGE is at the $0.60. Will I touch it? Not at all even though it will go $1. This coin is heavily pumped and will dump in the future very hard. Very hard that probably it will be the same as when Bitconnect became a scam coin Cheesy. Not saying that DOGE is a scam coin. I'm just saying that this coin is the one that I will not touch at all because of the hype that is around it. I feel nothing about DOGE and I'm not regretting not riding the wave.

 
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May 06, 2021, 11:03:12 AM
 #10

As we can see, DOGE still continues to pump and it looks like $1 is now anymore impossible for a coin that we thought is just a joke. Lots of hype of this coin and the general public is riding on it, I understand that it could be popular or will develop, but the way it's moving, worries me and it could result in a massive dump once manipulators will start cashing out.

How about you, how do you feel on what you are seeing now?
I absolutely agree with what you say. Current price of doge is an unnatural inflated price. The unregulated market conditions created a suitable environment for someone to manipulate, and I guess doge was the most convenient one. Its price has climbed unexpected positions and looks like will continue further. But Elon's strength is not limitless too, at some point it will be the expected end. Hopefully everybody will get what they want before it is too late.
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May 06, 2021, 11:03:42 AM
 #11

I see doge's movement as unnatural in crypto token movements..
different from other tokens its movement is very significant and currently there are a lot of people talking about doge doge and doge again..
and I personally can't hold long if I have a doge..

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May 06, 2021, 11:16:44 AM
 #12

I've been giving too many warnings myself, however Doge has broken all levels of hype and passed the moon, on its way to mars now.
Personally, I don't even consider to invest since it reached $0.10, this was a price I consider too much for Doge but one I was expecting it will reach.
Now, it is closer to $1, a price that is simply stupid for this coin. It is all stupidity and hype and all the degenerate gamblers following some other degenerates on Twitter.
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May 06, 2021, 11:26:12 AM
 #13

There's no doubt about the crashing of its price once they dump it out. Once the price will go down, there is a hard probability for it to come back to its current price. while people are thinking the price would go higher than this, they need to be careful because those who had bought it at its lowest price this year probably waiting for the right timing to sold all of their Doge and that would lead them to also sell their Doge at a lower price if they are not fast enough to execute the trade when the price is crashing in the market.

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May 06, 2021, 11:27:09 AM
 #14

I think there is an upside to doge although I would never recommend it to anyone. So far there has been no research to reveal how many doge enthusiasts are from the newbie side. They had started investing in Doge a few weeks ago, of course they have managed to make profits many times over.
If they wanted to get more serious about the cryptocurrency space, they could withdraw their initial capital and get out of this circle of hype and use the profits as initial capital to invest in healthier altcoins.

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May 06, 2021, 11:36:25 AM
 #15

I always follow Doge all the time, and I bought this coin at the standard price that happened. because if I dare myself to buy at a high price, I'm afraid I will lose, even though I know Doge has a good chart for now
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May 06, 2021, 11:37:06 AM
 #16

no matter the hype or not because I have managed to sell some of the DOGE that I have, the profit is extraordinary because I bought it a few years ago
later when I have managed to sell everything then I will say bye DOGE and thank you elon musk Cheesy

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May 06, 2021, 11:48:17 AM
 #17

Just spend money you can afford to lose in this coin. Congrats for all of you who get a bag of money from this, but for the new one who try to invest in this coin you need to be carefull!

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May 06, 2021, 11:50:36 AM
 #18

Sometimes hype is enough for a coin to pump and pump until successive ATHs are created. Majority of the people in cryptocurrency are not looking at the technical side of things. They do not assess whether a coin or a project has something in them fundamentally innovative that makes them a better option. They just buy because a coin is popular or being promoted by someone popular. This is the only basis why Doge is rising.
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May 06, 2021, 11:58:06 AM
 #19

I'm curious to see what's gonna happen after Elon hosting the Saturday Night Live (8.5.)

Though I'm a new in crypto I honestly don't think that DOGE is a good cryptocurrency to HODL.
I agree with the fact, that the hype may be still raising, but eventually sooner or later the bubble will explode.

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May 06, 2021, 01:39:44 PM
 #20

     I agree with this a 100 percent. The way it is going right now, it won't take long before it goes through a massive drop in price. This coin is now running on the hands of the top holders and the words of Elon Musk. A few of those things goes wrong, then it's goodbye profits and hello massive losses. A joke of a coin will always be a joke of a coin. Unless it is improved by the developers themselves, and I believe that is very possible for them to do. But till then, dogecoin will remain the same in my eyes. A joke of a coin and a temporal profitable ride.

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