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July 16, 2021, 08:24:22 PM |
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Well if you were watching SNL when Elon was suppose to pump Dogecoin to the moon and you ended up investing your life savings at $0.70 you are right now sitting at a 75% loss. And judging by the amount of people who were posting their Robinhood screen shots on TikTok and social media of how they bought 6 figures worth $0.70 and they were going to take profit at $10, it goes to show you how people make irresponsible financial decisions.
One thing that people forgot was that most likely most old adopters already sold Doge when it broke 200-500 Sats or so. However its still mineable and at $1/doge it means that over $500,000,000 worth of Doge was released every month by miners. Most miners dumped those Dogecoins. So this is proof that its not sustainable for Doge to go to like $10 a coin and stay there.
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