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❓ASK Is dogecoin just a pump and dump coin?

AudraMiller

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The one coin that has been gaining a lot of attention lately is the dogecoin, and the number of users of this coin has increased drastically. However the concern that i have is that this price rise is based on the fear of missing out and the people buying based on the tweets made by a few public figures. If these people had to cash in this would result in a market crash. Do you think that dogecoin pump is legit and good for the coin or could this result in a pump and dump that could result in major losses? What are your thoughts on this?
 
Its not just a pump and dump coin ,most people that are pumping the price increase of the coin are holding for long term, and this will help the price
 
Also wouldn't say it's a P&D.
This meme coin has been around for many years and is finally getting it's deserved recognition and the meme coin community is growing, more people will adopt this coin as times goes.

The only problem is one of the whales holds about 28% of the total market cap so that can be a bit of a problem short term and possibly long term.
 
Sometimes i though it migh be. Years ago, not many people aware about this meme coin and now its in top five. It migh be just a pump and dump coin to make those whales more bigger and bigger..
Hope i am wrong...
 
Many people seems to believe so that doge is just a pump and dump coin , And from this idea many have already profited from just buying and selling at the right time considering the big percentage that dogecoin leaps when going up or down
 
Sometimes i though it migh be. Years ago, not many people aware about this meme coin and now its in top five. It migh be just a pump and dump coin to make those whales more bigger and bigger..
Hope i am wrong...
Not for only the whales ,some small investors are already making profit off the coin ,so its not for only whales ,many small investors still earn profit from the coin ,
 
I wouldn't agree to that, at least not totally. For doge, I think many would always buy to dump later on and may not necessarily see it as a coin for long term hodling this shouldn't mean it is not a good coin.
This is a good point. There is much fluctuation when it comes to this coin and its daily price loss and rise and that is what makes it good for trading for many people. I completely understand what you are saying though and agree with your point. It is still a good coin and should be treated as such.
 
Dogecoin outside of being a pump and dump coin or a coin being used as a payment , has not much of uses anyway , unless its devs will go back to it and upgrade the coin system
 
Dogecoin outside of being a pump and dump coin or a coin being used as a payment , has not much of uses anyway , unless its devs will go back to it and upgrade the coin system
What do you mean in terms of its uses? the use of payment is sufficient when it comes to cryptocurrency. what other sort of uses do you propose to introduce into dogecoin?
 
Sometimes i though it migh be. Years ago, not many people aware about this meme coin and now its in top five. It migh be just a pump and dump coin to make those whales more bigger and bigger..
Hope i am wrong...
Yea i think that so. I and my friends do not know what is doge and now is always seen in my time line in my twitter. And when elon saybsomething good....price up
 
Sometimes i though it migh be. Years ago, not many people aware about this meme coin and now its in top five. It migh be just a pump and dump coin to make those whales more bigger and bigger..
Hope i am wrong...
Yea i think that so. I and my friends do not know what is doge and now is always seen in my time line in my twitter. And when elon saybsomething good....price up
 
Yea i think that so. I and my friends do not know what is doge and now is always seen in my time line in my twitter. And when elon saybsomething good....price up
Getting educated on dogecoin right now is probably a great idea for you, especially with where it is now.
There was a recent price drop for dogecoin and this will be a good time for you to buy if you leanr about it now.
 
Getting educated on dogecoin right now is probably a great idea for you, especially with where it is now.
There was a recent price drop for dogecoin and this will be a good time for you to buy if you leanr about it now.
Again a great time to buy DOGE considering this coin is expected to go up to $1 very soon (could even be this month).
Some longtime crypto YouTubers are even talking about a $5 - $10 DOGE by the end of this cycle or near the end of this year.

That is some wild speculation in my opinion but with the crazy meme coin community you never know! :D
 
Again a great time to buy DOGE considering this coin is expected to go up to $1 very soon (could even be this month).
Some longtime crypto YouTubers are even talking about a $5 - $10 DOGE by the end of this cycle or near the end of this year.

That is some wild speculation in my opinion but with the crazy meme coin community you never know! :D
It is as with every "investment". It's about believing that there is growth in. If you believe Doge will hit $1, you can make ~50% profit, that's cool let's ride to the moon. But if not, it's just another shit coin. There are enough people outside to pump the coin - including Elon - but only future will show how sustainable is the speculation.

I have put some $ into Doge, but for sure it is not the key investment. I might miss the rocket to the moon, since i didn't yolo all in. But anyway the growth rate compared to the risk is okayish for me. Thats by the end the measure that everybody needs to define by it's own.
 
Again a great time to buy DOGE considering this coin is expected to go up to $1 very soon (could even be this month).
Some longtime crypto YouTubers are even talking about a $5 - $10 DOGE by the end of this cycle or near the end of this year.

That is some wild speculation in my opinion but with the crazy meme coin community you never know! :D
Wow this is a crazy prediction that they have by the end of this year, and i think that may be a wild shot in the dark, because the chance of rising to that extent is slim. To be honest, I think once it reaches 1 usd then people will sell and then the price will crash back down.
 
Wow this is a crazy prediction that they have by the end of this year, and i think that may be a wild shot in the dark, because the chance of rising to that extent is slim. To be honest, I think once it reaches 1 usd then people will sell and then the price will crash back down.
If it does hit $1 then people will take it more seriously and it will go up to $5 and $10 possibly, this takes time of course, it doesn't just happen overnight but there can be significant spikes in very short periods of time but this is usually followed up by a correction. I have seen a few cycles of DOGE already and I don't think it would ever crash, it just might lose the hype and stabilize.

It has certainly earned it's merits DOGE :)
 
If it does hit $1 then people will take it more seriously and it will go up to $5 and $10 possibly, this takes time of course, it doesn't just happen overnight but there can be significant spikes in very short periods of time but this is usually followed up by a correction. I have seen a few cycles of DOGE already and I don't think it would ever crash, it just might lose the hype and stabilize.

It has certainly earned it's merits DOGE :)
This is an excellent point what you have brought forward here. As long as the major investors into teh coin and the advocates such as elon musk continue to stay in the dogecoin business, then it will continue to grow and stabilize. Hopefully there are no major whales that cash out that can be a major game changer for any coin.
 
In my view, dogecoin has more potential at current market than bitcoin. Bitcoin already is bulging so much thag anyday the bubble can blast off. If dogecoin somehow crosses $1, it will grow exponentially and can bring good amount of returns.
 

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