Discussion in 'Digital Currencies' started by ParanoidAndroid, Jan 29, 2021.
Currently #7 on Coinmarketcap.com.
Did Elon musk tweet something? It's crazy town out there.
We really don't need this shit in the crypto space.
Will be interesting to see how rekt this crowd can make everything
same lot who did the gamestop pump, they have started on Doge, its wallstreetbetselite on reddit
but im sure Musk would be in on it in some form or another
Up 470% to almost 7 cents. Sheer madness!
Don't fret, AOC is keeping an eye on this!
I am all for it.
Crony capitalism has been around too long.
Every market is rigged and it's the Crony capitalists where hedge funds short the crap out of stocks.
They were beaten at their own game when it came to "Gamestop".
As for Doge, it was always regarded as a tipping token.
I bought them about 7 years ago when they had another 4 Zeros added to the right side of the decimal point.
Over the years they had built up a large following.
Now people may say "That's crazy".
But is it any crazier than people who bid at auction for Memes or collectables in the crypto space.
I don't think there would be too many upset investors here if the Reddit crowd decided to play the same game in the silver market.
If retail Investors/Gamblers can get an edge over the big boys:
IMHO, it is sending a clear message to the regulators and institutions that there needs to be a more level playing field.
Oh Yes, I can see it now.
Some will argue that it will affect their BTC price in their Super or Portfolio, as regulators will clamp down on Bitcoin.
How do you stop the unstoppable?
We’re trying to establish an honest space. If WSB are engaging in a pump n dump then they’re no different from the Wall Street thugs they rally against.
when moneys involved honesty oft times get hastily wiped from the playing table
Sure, but this is still very much the Wild West. We got a lot of shenanigans ahead still before the crypto space matures into something you might call "honest".
Let 'em come. The space has been full of pump and dump groups for years. People eventually will learn that it doesn't pay to be late on a pump and dump scheme, but unfortunately most people will only ever learn the hard way.
I'm all for seeing hedge funds get beaten at their own game....but I think it still ends badly for the little guys trying to play with the big boys in the big pond.
Not sure if Coinmarketcap.com just got hacked? #1 is now WSB - WallStreetBeats.
Still don't know how to link or paste a copy of a page here...
awesome, Id say more a show of support than a hack.
BTC still says #1 in the photo below
It always stayed under 5.5 cents.
I'm curious is it will hit 10 cents
If DOGE was good for something (more than tipping and buying hot dogs at a handful of stalls around the world), then it could potentially climb even higher.
A few years ago there was a forum topic about whether DOGE will hit 0.01 $ (one cent). Well, many wouldn't have believed that it will slam through 5 cents!
If this just a hysteria, a "pump 'n' dump" or speculators from other cryptos will start moving into DOGE?
It would be tremendous if it would reach 1 dollar!
Musk tweeted that Dogecoin is "the people's Bitcoin".
I don't see why the hysteria is pushing the price up. It's a tulip mania.
...Elon Musk knows something that we don't?
It's not the "people's BTC". It's not tulip mania. Musk is not privy to any information we're not, so stop with the conspiracy theory. It's just that when highly influential people post something on social media people that have NFI go nuts and jump in, while others that have NFI speculate that it's a conspiracy.
Tread cautiously, because as @dozerz said: "Play stupid games, win stupid prizes".
Forbes says "Kiss frontman and rock star Gene Simmons has jumped on the dogecoin bandwagon"
Now Dogecoin is getting mainstream media exposure. People who never heard about it will buy in. I think it's literally STUPID, because it's a tulip-pyramid, but many
will make a LOT of money if they choose the right timing.
‘God Of Dogecoin’—It’s Not Just Tesla CEO Elon Musk Pumping The ‘Joke’ Bitcoin Rival’s Price
I am really curious to see how long it will keep rising. Months or years? Bitcoin has been climbing for almost a decade (slumps, yes, but still climbing higher and higher).
I like to paraphrase Preston from the Investor's Podcast network when it comes to this. "If you bought Dogecoin just because Elon Musk (or anyone) tells you to, then you failed the intelligence test " He didn't put 1.5B of Dogecoin on the Tesla balance sheet.
If you can make money trading the volatility, good for you, but don't fool yourself into thinking it is a good investment. It isn't.
If you ask me, Elon was trying to draw attention (and therefore money) away from BTC while he was having his guys scoop it up behind the scenes.
it's a racket, lure them to dump their stimulus money into useless schemes when they should be buying silver, platinum and commodities.
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