Dogecoin (DOGE) - Thinking to Invest? Read this first...

shiboshy

shiboshy

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I know some of you guys have different opinions and DOGE definitely can keep going up with Elon Musk and all that shit.
But, if you think longer, would you invest in a coin where 28% of all coins are owed by only 1 person? Imagine if/when that gets cashed out and if we see corrections / bull run over... :)

A dogecoin "whale" owns 28% of the meme-based token, according to a report from the Wall Street Journal.
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Records reveal that 28% of the cryptocurrency in circulation is owned by a single investor, though the person or entity has not been identified.
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Source:
https://www.reddit.com/r/CryptoCurrency/comments/mrndyv
https://markets.businessinsider.com...ns-28-of-the-cryptocurrency-2021-2-1030093749
Be careful when jumping in. :)
 
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One Question - Why Would someone sell it, If he owns it and is seeing that growth.
 
alonelywriter said:
One Question - Why Would someone sell it, If he owns it and is seeing that growth.
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Answer is simple - to cause others to panic sell (most of the people bragging doge are newbies) so they are at extreme risk of doing that. This will bring the price down, so he can buy back a lot more, or just invest in another meme coin lol.
 
be careful not to go all-in.
read the history of doge, its purpose was joke.
this coin has only been used for pump-n-dumps, check its history in charts.
the only way to make money with it is to buy it when it's in the consolidation phase and is low, then set a SELL limit order for x5 and then forget about it until someone pumps it.
 
GuerillaZ said:
Answer is simple - to cause others to panic sell and buy back in more.
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You know there are bigger fishes in the market now that people have seen its 140% growth in a single day. Most Big investment companies will be keeping an eye on that address to buy everything when he will sell it.
Now more because that reddit post is getting popular.
 
alonelywriter said:
You know there are bigger fishes in the market now that people have seen its 140% growth in a single day. Most Big investment companies will be keeping an eye on that address to buy everything when he will sell it.
Now more because that reddit post is getting popular.
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Do you think a meme attracts investors so much, rather than a safe play coin like ADA that has a lot more potential on long term basis? These are not investors you mentioned, they want to drink the blood of poor people.
 
GuerillaZ said:
Do you think a meme attracts investors so much.
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People thought when it was .01 people thought its a meme when it was .04. People still think its a meme when it is 0.250897.
Investors invest where the money is. Meme or other things don't matter to them. It's a coin listed that's all they need.
 
people saw Elon talking about doge and that's it.
makes me wonder how wild is crypto scene rn and how stupid people can be.
I hope whoever invested in doge cash out with profit instead of greed taking over
 
GuerillaZ said:
I know some of you guys have different opinions and DOGE definitely can keep going up with Elon Musk and all that shit.
But, if you think longer, would you invest in a coin where 28% of all coins are owed by only 1 person? Imagine if/when that gets cashed out and if we see corrections / bull run over... :)





Source:
https://www.reddit.com/r/CryptoCurrency/comments/mrndyv
https://markets.businessinsider.com...ns-28-of-the-cryptocurrency-2021-2-1030093749
Be careful when jumping in. :)
Click to expand...
Already lost $100 yesterday. Stupid shitcoin. Never gonna touch it again.
 
The opp missed the bull run and want us to sell so he can buy too
 
majdi107 said:
The opp missed the bull run and want us to sell so he can buy too
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I'll never personally buy DOGE hahahahahha
5504fde9ac5b607d41d744183163f5f3.jpg
 
still holding 10k coins...can't predict the future figures where it will reach, just hold and leave it. #Holding is fun
 
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