I've talked about it before, but as I watch more and more people continue to insist that Doge is just a pump and dump, I am shocked they aren't seeing the signs.
The DOGE pump is more than a pump it's user adoption. Whether you love it or hate it, for now, it is changing the face of crypto. At some point, it will calm back down. It will never be the same ole meme coin though.
Stores are accepting, exchanges are listing it, and it will now to an entire group be... THE People's Money. This is basically fueled by the wallstreetbets group who have compiled a powerful group of people who want to stick it to the rich wall street traders. I don't blame them I want to stick it to the man too.
The difference is that this group of traders does not want .00008 of a bitcoin. They want to hold and watch their asset grow just like we did.
The Bitcoiners who insist Bitcoin is the only way are no better than the bankers who insist we must use USD. Don't be Peter Schiff, you have to adjust to market conditions when you see them.
If you find you are pissed off by this DOGE development and change in market conditions, you haven't learned or remembered anything about how you got into crypto, DOGE is literally a BTC Fork with higher inflation and no end to the print date.
New crypto adopters don't want to go to Coinbase and buy .0007 Bitcoin. They want a nice little stash of what they believe is a decent investment and has the added benefit of sticking it to the man. Insisting Bitcoin is the best crypto doesn't make it so.
There is a win for us all in this though. As these new crypto fans come in, like we all did they will get curious about other projects and their money will eventually flow into the general crypto markets.
Doge is more than a Meme, it is trendy money and that trend will last this whole bull season no matter how unprepared you were. Don't be Peter Shift, change with the market.
Always remember what a bit of hype and excitement can do.
I still do not hold DOGE, but I am not kidding myself that the overall market view of DOGE will ever be the same.
Posted Using LeoFinance Beta
I honestly can’t tell if this is genuine post or your typical sly humor. I can’t imagine you turning into a Doge pumper, so you got me good.
Exchanges are listing it because my barber, my barber’s friend, my 65 year old acupuncturist, my hardware store cashier, and my gym receptionist are asking me how to buy it in the last week. The exchanges want the business from new “investors” since the rage is “what is Doge and how can I buy it?” They want the new blood. They want new business. They want the press. I don’t think that this legitimizes the “not a joke” narrative much.
Also, I’d imagine that a bunch of stores are accepting Doge because they want the free press, and because it’s popular in the news. Also they might want to get rich quick by accepting it, acting like the retail fomo. Maybe they think they’ll get the Robinhood Doge spent at their businesses, which will continue to skyrocket to the greater fool... which many still don’t even realize isn’t even cryptocurrency on the app yet that can’t be sent. Is Doge really the people’s crypto, or is this just branding to convince people that this was the hidden gem all along, and to buy buy buy? In fact, its own creator can’t understand why it’s getting so valuable since they made this in a few hours as a joke.
Hey, if this was serious and I’m wrong in a few years where Doge is the official currency of Mars, then so be it. If you’ve become intoxicated with the profits from .007, which was a wise buy in hindsight, then it’s probably not good to pump it at $.70 cents during retail mania. You hold none now, but maybe your husband has it! Lol.
And hello, it’s been a while.
Hi Good to see you Matt! I hope you are well.
While I know we all see Doge as a joke, and I don't own it, nor am I pumping it..
It would be a huge mistake to pretend this is a typical pump and dump.
I agree that it is getting added as a response to the hype, but it is getting added to these places. New crypto adopters will never see the Doge we knew. They will see a different version of it. (it still works the same, but they don't know it as a meme)
So, if you can't tell I'm serious, it's because I find the situation amusing, but make no mistake, DOGE is forever changed.
It's fine to still not want it, but don't miss the important change, new comers will outnumber salty crypto OGs and their "Fresh Take" will change the market.
Money as a service is like saying Nike will always be popular. Brands have cycles and so does crypto
Posted Using LeoFinance Beta
I don't know what to make of DOGE. I'm used to it being something you buy, let it pump, then you take profits and buy back at the original price.
Usually, it does that process in a relatively short timeframe. And if you mess up the timing, you just wait a bit.
It used to be fun because if you got some DOGE, there wasn't much of a chance of it going below 15 sats or so. And the was a literal 1 sat floor, so what was the risk? Wait for the 15 sats to pump to 150 sats. Rinse, repeat.
The fact that there's so much attention now means this process is probably on hold for a while, perhaps forever. That's a literal new paradigm.
And to me, "new paradigm" has historically been a bearish signal.
Unless we're in that mythical "super-cycle."
Point is, it's probably good to step back from how it used to be.
Posted Using LeoFinance Beta
I have mad theories about both btc and doge...if I'm right these two are both Trojans, just being groomed for very different tasks.
Dogecoin is the best thing that could have happened to the crypto industry.
It's literally the gateway for an endless funnel of normies' cash to flow into crypto.
We NEED money and users inside the overall ecosystem and Doge is the key to getting it.
Long live the Doge pump!
Posted Using LeoFinance Beta
I'm still floored but I'm happy on my sales because at the time lets me honest who the heck would have seriously thought doge would make it to $0.60. I mean when it hit $0.07 I was like damn time to cash in!!! Then when it hit $0.30 cashed in even more because the stuff NUTS! lol how at $0.50- $0.60 I had to cash in some more. Right now I'm sitting on some just to see what happens but happy with my profits none the less. I wont be Investing in it though that's for sure.
I sold the 1000 I had at .13, lol... I under estimated the entire thing. But it is what it is.
I am playing on Robinhood right along with the degens, lol. But hey, although it started as a joke and a meme coin, the people are speaking, lol! So I might as well throw 💯 to the DOGE father and see what happens, lol. Don't hate it, just trade it!
I don't judge! :) (Robinhood, good lord man, get a grip)
kidding... haha
it's what I give to the tax man, lol. I can trade options and crypto, makes taxes super simple. So there is that... lol...
My nephew convinced me to buy some Doge and since he was brand new to crypto-currency, through Robinhood I figured he knew what he was talking about...!!!😎
I've sold what I had as doge is technically a shit coin. For now. The funny thing is that with it getting so popular I can see people going out and building use case for it.
There is such hype about it at the moment that people will start to do things with it and turn it into a solid project. You can bet there will be hundreds of silly little apps and games linked to it by the end of the year and with businesses accepting it as payment it could mainstream.
Either way, I made a few dollars and it could bring more people into crypto.
That's the entire point I'm trying to make is that it got so big so fast, it's now something new.
Congrats on making a few bucks
Still looks like a pump and dump to me, but which each passing day the line becomes a little blurry.
not mad, just hope that people understand how much is mined every minute and no one goes crazy with investing more then they can lose.
had my 15 minutes worth of mining doge, sold it at 20 cents :)
Hive has less inflation and way more utility. Yet, it fails to inspire the masses. If anything, I think Doge is simply an infinitely superior meme to Hive, which is what the Internet wants. Who needs utility, right?
Posted Using LeoFinance Beta
Hive can not inspire the masses, because the masses never have heard of it.
Nor will they under the current conditions.
Hive could be inspirational if it worked on messaging, a end-user story and actually promoted it's self, but we are busy getting pegged.
Posted Using LeoFinance Beta
masses don't care about utility, decentralization, censorship... masses care about numbers go up. we had over 200k of new accounts in 2 months, it is easy to guess when that was.
well doge is a veteran crypto coin, created as a meme and works great as a meme. from what i know they also pushed it hard some years back (sponsored a racing car and all kinds of crazy stuff). also Elon mentioning it all the time helps.
being early helped to be listed all over the exchanges.
as long as it is making money for people they don't care about utility, when it stops they will. If any of the big wallets decides to take profit it will end bad for a lot of people. mining 14.4 mill a day with price of 0.7$ means that they are not selling at the moment.
I sold mine at .13 I didn't mine it though
Posted Using LeoFinance Beta
the 15 min of mining was referring to the amount i had :D i over complicated it :) i had 2500 because i bought some looong time ago when peakd added tipping with doge so i could test it.
Remember, the Holy Trinity of crypto is BTC, LTC, and Doge.
The latter are the forks of the first and they are also merge mined.
I’m annoyed that my faucet wallet screwed me over and I lost over 250 doge last year. Pain in the ass! Lol
Oh NO... That is super annoying it would have been fun to sell them!
Proof for the insane world we are living in.🙃
But it's better to "stand for something".
If you don't stand for something, you gonna fall for everything.
Did y'all see the 3 figure upvotes on steemit for "nothing" (1 Pic & 1 sentence in Korean)?
Me encanta
Shib token from Shiba Inu too see the prices.
Posted Using LeoFinance Beta
I understand it's a pump (and dump?) like never experienced before, with the exception of GME but we have also never experienced an influx of new retail investors with plenty of free time (covid) and some cash to spare (stimulus check).
We also live at a time of financial gurus, drop shipping "gods" selling their courses and a pop culture pushing younger people towards the quick buck mentality.
I am not a crypto specialist and probably have half the understanding of most people here but I think that most young and new investors buying DOGE at ATH will eventually be bagholders.
We also live in a meme culture where people spend 600K on a mem nft, yolo money on penny stocks etc.
One thing that has not changed in centuries is that the majority of humans will be losers and the winners will be very very few.
Doge can make me feel we already on the end of the bullrun?
Or will it be the door crypto to others?
Like second chance next alt?
is weird to see it at the top :D
Posted Using LeoFinance Beta
How's the old saying goes? When your shoe shine boy's telling you to buy doge it's time to get out?
Posted Using LeoFinance Beta