Dogecoin

Discussion in 'Digital Currencies' started by ParanoidAndroid, Jan 29, 2021.

  1. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Currently #7 on Coinmarketcap.com.

    Did Elon musk tweet something? It's crazy town out there.
     
  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    We really don't need this shit in the crypto space.

    Screen Shot 2021-01-29 at 3.03.59 pm.png
     
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  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    Will be interesting to see how rekt this crowd can make everything
     
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  4. Jason1

    Jason1 Well-Known Member

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    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
     
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  5. whay

    whay Well-Known Member

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    Up 470% to almost 7 cents. Sheer madness!
     
  6. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Don't fret, AOC is keeping an eye on this!
     
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  7. Markco2

    Markco2 Well-Known Member Silver Stacker

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    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.
    Well fine!
    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:

    Why Not?

    IMHO, it is sending a clear message to the regulators and institutions that there needs to be a more level playing field.

    About time.

    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.

    Question.

    How do you stop the unstoppable?



    Cheers Markco2
     
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  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    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.
     
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  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    when moneys involved honesty oft times get hastily wiped from the playing table
     
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  10. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    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.
     
  11. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    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...
     
  12. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    awesome, Id say more a show of support than a hack.
    BTC still says #1 in the photo below

    WSB.jpg
     
    Last edited: Jan 29, 2021
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  13. TreasureHunter

    TreasureHunter Well-Known Member

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    It always stayed under 5.5 cents.
     
  14. TreasureHunter

    TreasureHunter Well-Known Member

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    I'm curious is it will hit 10 cents :D

    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!
     
  15. TreasureHunter

    TreasureHunter Well-Known Member

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    [​IMG]

    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.

    or...

    ...Elon Musk knows something that we don't?
     
  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    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".
     
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  17. TreasureHunter

    TreasureHunter Well-Known Member

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    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.

    Forbes:
    ‘God Of Dogecoin’—It’s Not Just Tesla CEO Elon Musk Pumping The ‘Joke’ Bitcoin Rival’s Price
    https://www.forbes.com/sites/billyb...he-joke-bitcoin-rivals-price/?sh=19aac57570d3

    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).
     
  18. hawkeye1

    hawkeye1 Member

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    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.
     
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  19. hawkeye1

    hawkeye1 Member

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    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.
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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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