Riding The Wave - But, Wrong River
You can never compare your private pool to a public one right? Same thing goes to a river you're used to swimming in, to a new one you just discovered.
We are currently in the stormy days, the waves are getting stronger, but if one isn't conversant with its strength and dismiss hour, I guess he could drown, right?
Dogecoin Is Nothing But A Joke, don't Choke on it.
So, sometimes people have good intentions but end up taking the wrong approach. There's so much to understand about the Crypto-space, and that includes if you got a good bag to purchase the oxygen to survive long enough. Doge is a meme, we would be clowns to worship it, but it's a good thing, only that when there's a chance of going null and getting Rekt, lines must be drawn.
Quick profits, what if not so quick?
I woke up this morning to discover Doge was mooning again, but just a bit slower. Yesterday was an off day so I took some time to play around the internet and to be honest, it was worth it because I discovered some cool tools to regenerate income in this Crypto-space at cheap rates, yes! Would likely share that in the near future. But that on the sideline, Doge was pumping towards crossing the $0.07 mark again, and I'm like super hyped about this meme coin because I just wanna see it at $1 and dump shits, Yea, that's where I wish to start taking profits of buying at $0.0088. Over the years now I only ever knew Doge as a gambling asset, not sure if I could call it an asset because it is barely a trustie store of value, just basically a utility in betting sites.
Sometimes people ask : why can't CEOs buy back cryptos at high rates and isolate them off exchange to trigger demand while price pumps. Well here's the reason, despite having bought back a hefty amount of coins to pump prices, it can dump back in a few hours when whales and high holders turn bearish as it pumps, it happens most often. This is exactly what is likely to happen if Doge perceives the $1 mark. They would be a massive dump while others would be thinking of accumulating to prolly yield returns at $5 - 10, first come, first served, come later, grow sad.
Don't fall victim - if you don't own Doge then don't still - but don't take my word for it.
For a project already abandoned by its founders, that's a risk enough, and having 27% of total supply sitting in one wallet is crazy compared to Doge's current supply rate of over 100 billion and already 113 billion coins mined. Doge is currently trading $10,189,092,401.38 in 24hrs according to data gotten from coinmarketcap.com
Top 20 addresses holding more than 50% of available coins, we should sense some massive dump to rule this possibly "Centralized" meme/shitcoin out of the markets.
I personally love(-d) Dogecoin, but I can't go with this wave, it's seemingly riding on the wrong River, good intentions but flawed approach, a good project needs a community to keep its value up and going, a sudden internet trigger is bad for crypto. There would prolly be no good highs or lows, that was the price stable meme coin we've always known, but as of now, it's volatility rate is super high, in a Blink it could all go woof and you'd be left with a shitcoin, that's the dog-e poop…
Invest Wisely - This is Really Not The Wave To Buy A Surfing Board For!
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Posted Using LeoFinance Beta
27% in one wallet ! Except if the man is trying to get all of it, there might be a chance he will start to take some profit.
Maybe I should start have some fun trading this one.
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Way ahead of you, yes it would hurt though if Doge hits a dollar and I got none, but then, it's not even $0.1 yet, so it would take more than a tweet to pump this, Only a dedicated community can do that, and besides people would prolly loose patience before then and dump...
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I have to agree with you on this one. In current times I hardly see any project without a community behind going anywhere.
But can we say there might be a community forming behind Elon Musk ?
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I doubt, but I might be wrong... To me Elon cares more about space rocks than he does about Crypto, He is just doing all this for fun to catch the crypto trend.
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oh well, people don't listen, people just want to pump their bass and that's a good thing, in a way, for those who have the basic knowledge about crypto. There is still a lot of dumb money to be made in crypto. I don't see that changing any time soon.
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It's all in their guts then, we just don't want anyone getting Rekt because of FOMO, so if it happens, it's theirs to be blamed.
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