Posts about Dogecoin
Over the past year Dogecoin has taken hit after hit along with the rest of the crypto market. Every time Dogecoin dropped out of the top 10 cryptos by market cap, this sub was quick to celebrate the drop.
With posts like
If You're Still Holding Dogecoin, You're the Greater Fool
Polkadot (DOT) Dethrones Dogecoin To Join Crypto Top 10
and blatantly false FUD posts
The top wallet was previously discovered to be RH holding on behalf of its clients not a whale waiting to dump Doge.
------------------------------------------------------------------------------
So I wanted to use this opportunity to celebrate the recent rise of Dogecoin
Over the past five years Dogecoin is up 410% against BTC
Over the past year Dogecoin is up 10% against BTC
Over the past 6 months Dogecoin is up 45.85% against BTC
Over the past month Dogecoin is up 64.82% against BTC
Over the past 5 days it's up 65.88% against BTC
Over the past day it's up 23.89% against BC
* To prevent spam on this post I didn't include image of charts, however you can Google "Dogecoin to BTC" and look at the charts for comparison in the different time frame if you want
---------------------------------------------------------------------------
Welcome back to the top 8 cryptos by marketcap Doge. May your stay be long and not just a few hour footnote on the daily news.
Again, Dogecoin is massively hyped, hype is not reasonable or long term and anyone thinking of buying into hype should be prepared to be exit liquidity for whales.
Hi Shibes,
Welcome to todays Daily Discussion post. YOU ARE DOGECOIN!
If you are looking to safely store your coins for the long term check the links in the "How to buy DOGECOIN" post at the top of the subreddit.
If you want to give someone else DOGECOIN on Reddit check out r/sodogetip
You can also get the latest version of the dogecoin wallet (version 1.14.6) from www.dogecoin.com
Here are some links and topics that people have wanted me to post here. Please take a look!
[Guide] Extract the recovery phrase from the Android apappp Dogecoin Wallet created by langerhans
Cryptwerk.com is a list of many many many places you can spend dogecoin.
Another Shibe wrote a post about being aware of scams. - https://redd.it/mrq5c9
From 7 years ago. An open letter to the Dogecoin community from co-founder Billy Markus
Had a few people ask me to mention this petition to get Amazon to accept dogecoin
Some Shibes have reported issues with getting their dogecoins out of binance.us (maybe binance.com as well). /u/patricklodder created an informative post recently that shows people just how to do this if you have an Android phone. Check it out here. https://www.reddit.com/r/dogecoin/comments/rxhefe/guide_how_to_get_your_doge_out_of_binance_android/
For more technical discussions about dogecoin please visit r/dogecoindev
Don't forget to report posts and comments you think are not appropriate for the subreddit. If you want to discuss something specific please message the moderators
Do you want something added here? Send the moderators modmail to discuss. Do you want something removed from here? Well send modmail too. You all make this post together and your help is always appreciated.
You are loved,
42
Do Only Good Everyday
Just keep on dancing!
Dogecoin has climbed 109% in 6 days. Why did the "Buy the rumour, sell the news" not work this time?
Dogecoin has climbed 109% in 6 days. Why did the "Buy the rumour, sell the news" not work this time?
I'll be honest. I was expecting it to go the other way. Damn was I wrong.
The "Buy the rumour, sell the news" mantra is that investors will start buying up a stock or crypto in anticipation of a big event. Often what happens is that the majority of buying has been done by the time of the event, and the stock/crypto crumbles.
I honestly fully expected this to happen with the confirmed acquisition of Twitter by Elon Musk. For the past few weeks, there had already been massive speculation on the price of DOGE. It shot up, came down, shot up, came down, etc. and all of it was seemingly tied to the Twitter takeover.
After being burned in the past, I decided not to get involved with Doge this time, and fully expected the price to drop after Elon moved in.
I was basing this off several things in the past, but here are a couple of key considerations:
The Saturday Night Live skit. Price of DOGE climbed right up until the show started, then started tanking immediately.
Last month's ETH merge. The price again climbed and climbed approaching the merge, and then came way back down.
I actually considered shorting DOGE, so I guess I'm lucky I didn't bother.
So why did the mantra fail so spectacularly this time?