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[aryan4]

Binance CEO Changpeng Zhao shared the pros and cons of Dogecoin (DOGE)..... pointed out that 27% of all DOGEs belong to a single address....
What do you think of an abandoned coin Dogecoin?

 

[BullyMaguire]

What did he mean abandoned? Because the team who made dogecoin are not hands on or have no plans for doge? Well that's understandable but you know for a coin that's been abandoned dogecoin is ahead of those coins that has a company managing em.

 

[aryan4]

What did he mean abandoned? Because the team who made dogecoin are not hands on or have no plans for doge? Well that's understandable but you know for a coin that's been abandoned dogecoin is ahead of those coins that has a company managing em.

I will try to explain briefly as follows. There is no team behind doge money right now. Including the founder, she left the project by selling all of her assets in 2015. That's why it's unclaimed.

 

[GoldenLady]

Well, doge is not my favorite coin, but those statistics look dangerous to me, for investors with small sums of money.

If the 27% decides to sell, it will bring a huge crash to the market.

 

[Niftyicon]

I really do not like the fact that it seems a few number of people are the ones holding the majority of the coin in circulation and that certainly does not sit well considering how large the total supply of dogecoin is.

 

[GoldenLady]

Well, doge is not my favorite coin, but those statistics look dangerous to me, for investors with small sums of money.

If the 27% decides to sell, it will bring a huge crash to the market.

I really do not like the fact that it seems a few number of people are the ones holding the majority of the coin in circulation and that certainly does not sit well considering how large the total supply of dogecoin is.

This means they can control the market with a snap of their finger.

Also, with the large supply that dogecoin has, which in my opinion is partly responsible for it's low growth rate, if someone decides to sell a large sum of his dogecoin hodlings, it can be disastrous.

 

[aryan4]

Well, doge is not my favorite coin, but those statistics look dangerous to me, for investors with small sums of money.

If the 27% decides to sell, it will bring a huge crash to the market.

This means they can control the market with a snap of their finger.

Also, with the large supply that dogecoin has, which in my opinion is partly responsible for it's low growth rate, if someone decides to sell a large sum of his dogecoin hodlings, it can be disastrous.

It is a situation that can be considered and open to interpretation about having such an amount in a single wallet. When they really want to sell, the price may decrease significantly because of this.

 

[SCAMEXPOSER]

If very few people are holding larger percentage of Doge coins then there is possiblilty of easy dumping of the coin anytime but I hope Musk support Doge coins.

 

[Yugocean]

Might be Elon Musk ior his fans are holding those Doges, those doge holders are not much richer, they should start selling it and get in trade; I only have few doges now.

 

[Josemendez]

This means that fewer percentage are holdling dogecoin in their wallet and this won't be a good thing for the coin. I think if nothing is done , the coin may drop

 

[SCAMEXPOSER]

The best is to buy doge coin in moderate amount so that whatever be the situation we will still be very fine though doge coin is over due for a better price.

 

[Yugocean]

The best is to buy doge coin in moderate amount so that whatever be the situation we will still be very fine though doge coin is over due for a better price.

I lost good number of dogecoins in gambling, that time I was not even caring about it, but now I find it a big loss due to price rise. I was just one day before I withdrew from BMF, value of Doge crossed many times. Just think if I have withdrew in doge one day before, I would have made thousands of dollars.
But better not to regret, whats done is done; now move forward.

This means that fewer percentage are holdling dogecoin in their wallet and this won't be a good thing for the coin. I think if nothing is done , the coin may drop

Dogecoin is not availoable in limited numbers; now miners will mine more, those might be miners or collectors or doge lovers like Musk.

 

[Josemendez]

The best is to buy doge coin in moderate amount so that whatever be the situation we will still be very fine though doge coin is over due for a better price.

My fear is that dogecoin may show a similar bearish run it did few years ago, when Elon Musk promoted it . Those thG have not invested before should be careful with it

 

[GoldenLady]

Might be Elon Musk ior his fans are holding those Doges, those doge holders are not much richer, they should start selling it and get in trade; I only have few doges now.

I doubt Elon Musk has any cryptocurrency holdings. He just seems to be an admirer, but not a serious investors.

But it's possible he's into it too, one can never know with the anonymous nature of cryptocurrency.

 

[SCAMEXPOSER]

I doubt Elon Musk has any cryptocurrency holdings. He just seems to be an admirer, but not a serious investors.

But it's possible he's into it too, one can never know with the anonymous nature of cryptocurrency.

I read he created doge coin, he is not seriously into it now guess he's more interested in his Tesla electric car development and propagation.

 

[Yugocean]

I read he created doge coin, he is not seriously into it now guess he's more interested in his Tesla electric car development and propagation.

Elon Musk did not created Dogecoin, he is fan of Dogecoin;
Telsa is his business, it is common for every businessman to give more interest to business; however he supports cryptocurrency, especially dogecoin.
Fresh snapshot from Musk's Tweet -

 

[SCAMEXPOSER]

Elon Musk did not created Dogecoin, he is fan of Dogecoin;
Telsa is his business, it is common for every businessman to give more interest to business; however he supports cryptocurrency, especially dogecoin.
Fresh snapshot from Musk's Tweet -
View attachment 161524

I once read his profile from a site I can't recall , born in south Africa but now citizen of US, founder of the initial name of PayPal and founding member of doge coin was also amongst.

 

[Yugocean]

I once read his profile from a site I can't recall , born in south Africa but now citizen of US, founder of the initial name of PayPal and founding member of doge coin was also amongst.

Founders of dogecoin are Billy Markus, Jackson Palmer, they use image of Japanese Shiba Inu breed of hunting dog; it was just a joke on cryptocurrency, however Musk is just dogecoin fan.

 

[SCAMEXPOSER]

Founders of dogecoin are Billy Markus, Jackson Palmer, they use image of Japanese Shiba Inu breed of hunting dog; it was just a joke on cryptocurrency, however Musk is just dogecoin fan.

Thanks for your clarification , I have always thought he was one of them, he can still promote it extensively, the coin need to cross $1 soonest.

 

[Josemendez]

I read he created doge coin, he is not seriously into it now guess he's more interested in his Tesla electric car development and propagation.

I doubt if he was the real person that created dogecoin. He only wants to enjoy putting people in pressure ,because of his status . He should have shown the world his dogecoin holdl