Never knew doggecoin existed , because many investors could invest in such coin by mistake , most especially does who don't care or know about the spellings of dogecoin , the shit coin market is a big joke
Elon's ability to influence prices of commodities and cryptos is really breathtaking. However, according to some traders, guys like him with such kind of a strong pull influence should be stopped since they end up ruining people's lives and its not shown in mainstream media.
The cute puppy is definitely attractive, but it's Elon Musk's influence that people who deal with those shitcoins love. Any coin he pays attention to would do well.
Lol. but this is what a lot of influential people do with other shitcoins. The thing is that you just invest when it being initially promoted so that when the high price (pump) comes you take advantage and also sell fast then you move on or keep holding still the price rise. This is why it is always good to study the market effectively
That's what they do truly but it is affecting the traders. If this is allowed or tolerated, crypto market will be dominsted and hijacked by the whales who have enough money to promote a particular coin in order to get the money and the multiple gains from an ordinary trader looking for means of survival. What happens to promotion of the coins with a view to increase the price for long time like that of bitcoin instead of withdrawing all the money the moment it increases in price.
That's humans for you and the tag it Business. You know people don't mind getting the little you have and adding to the big ones they have. So small investors need to be smart about their investment to avoid making huge loss, it would be better to strategize better before investing.
Yeah true, if you know how to properly go along the hype you could really rake in big profits, though you also have to know when to actually go out because majority of these meme coin hypes don't last that long and after its hype dies down they just sink down and they are easily forgotten, unless an influencer advertises it and brings it up again then the hype might go back again, I think majority of the people who losses money from these hype are those beginners in the crypto sphere who don't really know when to go out
I agree totally with you. I do say that business doesn't tally with moral. You don't have to be morally upright when you are into business. Elon just demonstrated it by taking advantages of the poor to further enrich himself. Definitely, crypto traders should go for coins that can grow on its own with no or little effort from some whales.
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