$ (DOGE) Dogecoin - wow

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I expect DOGE is also at high risk of a network hack like what happened to Ethereum a few years ago. The entire thing was put together in an afternoon by some dude in his dorm room as a joke to make fun of bitcoin. Every update to the network since had been amateur bolt ons. Couple this with billionaires covering the DOGE house with candy and gingerbread and I would not touch Doge with a 10 foot pole right now.

FOMO will make you do something stupid here people. If you were already in, good for you. If you arent in, then buyer beware.
 
I'm concerned about the effects the inevitable crash is going to have on the wider crypto market. This has been mooning while most other major coins have been falling or stagnant. The naive explanation is that people are trading into DOGE for FOMO. Maybe this is irrational but I'm starting to consider locking in my crypto gains (no DOGE holdings) and waiting for this to shake out.
 
Bull, bear, cross, bull, bear, cross, the market is having a manic episode and is all over the place.

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Spasticus Autisticus said:
I'm concerned about the effects the inevitable crash is going to have on the wider crypto market. This has been mooning while most other major coins have been falling or stagnant. The naive explanation is that people are trading into DOGE for FOMO. Maybe this is irrational but I'm starting to consider locking in my crypto gains (no DOGE holdings) and waiting for this to shake out.
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Not sure what you mean. ETH hasn't been stagnant at all. Its up 35% on the month with no major market pressure blocking it from 3,000 bucks by the end of April. Even BTC is up 11%. Sure your returns on Doge may be higher during the same time period, but then if you go too a Casino and bet all your money on a dice roll your returns could be even better too. Not sure why you would want too though.
 
mindlessobserver said:
Not sure what you mean. ETH hasn't been stagnant at all. Its up 35% on the month with no major market pressure blocking it from 3,000 bucks by the end of April. Even BTC is up 11%. Sure your returns on Doge may be higher during the same time period, but then if you go too a Casino and bet all your money on a dice roll your returns could be even better too. Not sure why you would want too though.
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I mean just during the timeframe of the DOGE run-up. ETH is down off its high at the same time that DOGE has spiked and there's a similar pattern in BTC. It looks to me like people are selling ETH and BTC and buying DOGE which is retarded. I am concerned that when it crashes it's going to have ripple effects on the rest of crypto. Not to mention what it says about the whole crypto market when a meme joke coin designed to have terrible fundamentals has a market cap about as big as eBay's.
 
Spasticus Autisticus said:
I mean just during the timeframe of the DOGE run-up. ETH is down off its high at the same time that DOGE has spiked and there's a similar pattern in BTC. It looks to me like people are selling ETH and BTC and buying DOGE which is retarded. I am concerned that when it crashes it's going to have ripple effects on the rest of crypto. Not to mention what it says about the whole crypto market when a meme joke coin designed to have terrible fundamentals has a market cap about as big as eBay's.
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Imagine being obsessed over less than a day of the crypto market. This is what ruins people with day trading. Daily fluctuations are not some kind of harbinger or arbiter of the future. It's retards on twitter and tiktok that are flowing money into Doge because of memes. Where do you think the people who are selling their Doge are putting it? In the dollar? In Pesos? If you're not willing to day trade stocks or crypto then you have to take a longer view on things. Getting panicked over this is nothing. Oh no, Doge is gonna make people not take crypto seriously! Get a grip and take a nap, the real money is elsewhere. People don't abandon the stock market because of retarded things like various stocks rallying because of their ticker. There have been tons of idiotic busts on the stock market, hasn't stopped people from using it. This is a literal blip. Doge could hit $1, it could hit $10. It would ultimately not matter because it is a shitty altcoin that is nowhere as robust as even Litecoin.
 
Anyone who puts their money into a FOMO meme stonk gets what they deserve. The only people who will find this funny are the people who bought doge two years ago for a lark and are now whooping it up with elon musk as absolute retards hand them their money.

If by some miracle DOGE stabilizes at this price point there is a huge danger of a network hack or State actors getting involved. Like North Korea. DOGE has absolutely shit network security. Much of the software needed to run validation on the blockchain doubles as a trojan horse on your hard drive. People seem to forget crypto currencies arent fucking gold bars. They are computer programs run on a network. And the DOGE network is garbage code by design.

If you've made money on this good for you. Now gtfo.
 
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mindlessobserver said:
Anyone who puts their money into a FOMO meme stonk gets what they deserve. The only people who will find this funny are the people who bought doge two years ago for a lark and are now whooping it up with elon musk as absolute retards hand them their money.

If by some miracle DOGE stabilizes at this price point there is a huge danger of a network hack or State actors getting involved. Like North Korea. DOGE has absolutely shit network security. Much of the software needed to run validation on the blockchain doubles as a trojan horse on your hard drive. People seem to forget crypto currencies arent fucking gold bars. They are computer programs run on a network. And the DOGE network is garbage code by design.

If you've made money on this good for you. Now gtfo.
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Absolutely agree with this post. I bought it as a joke last month, since I seen DOGE surge to .17 cents or so I decided to I dump it. Anyone who is all in one the meme coin totally misses the point on that aspect for sure. It's a joke coin and isn't meant as a substitute for anything beyond just the joke of having it. People rallying for it are honestly just setting stupid Zoomer meme lords to lose a bunch of money.
 
I am surprised Elon shilled this shitcoin of all things considering there are a ton of actual projects with utility. They may be stablecoins, but they actually do things that make crypto and web 3.0 a better place.

I do not trust Elon at all anymore over this. Is he just trying to get himself and his whale buddies more money?
 
Vapid_Idiot said:
I am surprised Elon shilled this shitcoin of all things considering there are a ton of actual projects with utility. They may be stablecoins, but they actually do things that make crypto and web 3.0 a better place.

I do not trust Elon at all anymore over this. Is he just trying to get himself and his whale buddies more money?
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Elon Musk is a force of nature with crypto, for now. If the meme man works in someone's favor it might as well be you if possible
 
There is a reason why they keep pumping dogecoin. They need to keep up the hype going. I mean what the fuck can you actually produce with crypto in large context of things? Nothing. You can't do shit.

Dogecoin is a perfect vehicle to drive up the crypto market. Join in the market bro. Put in your $100 bro. Get on the hype bro. It's just money bro. Look at this dogecoin bro. It's so cute bro.

Some big whale threw in a billion dollar at dogecoin to keep the liquidity flowing into the market after the coinbase IPO. BOOM 400% gainz for little players like us.

Read the news right now. Everyone is talking about crypto again. It's a constant fucking hype.

Dogecoin is a gateway drug to hard drugs like Bitcoin.

This is such a fucking scam. I can't believe this shit. Everyone is falling for it like faggots.
 
Salubrious said:
I have zero stock experience, so I could be giving really bad advice, but here is what I am planning on doing at least.

I think right now is a bad time to buy because of the hype. It's even trending on Twitter. I'm probably going to wait a week or two and see what the value is then.

Of course, if the value then is a quarter, then I'm a fucking moron.
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Well, fuck.
 
Vapid_Idiot said:
I am surprised Elon shilled this shitcoin of all things considering there are a ton of actual projects with utility.
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I'm pretty sure that was done on purpose. Elon is basically just a troll who shitposts on Twitter all day to rustle up jimmies of blue check marks. I remember last summer when he tweeted about taking the red pill, and news agencies lost their collective shit and wrote articles accusing him of being alt-right. Then he followed up by tweeting that pronouns are dumb, and the usual suspects nearly had a stroke. In addition he posts random dankmemes and such, so he probably has the mentality of "Fuck it, I'm rich...you can't cancel me."
 
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