Not trying to spam (because DOGECOIN is everywhere) but RobinHood deposit hiatus for Crypto expires today for anyone that deposited funds last week. Already seeing movement this morning. I think we will see a good run today.
As long as Elon Musk pumps it. Most DOGE holders are going to learn a valuable lesson about market cap, block size and dilution.
I've read in some places that this has a maximum price of like $0.25 and can't physically even go higher than that currently? Is that true?
Its simply a matter of supply. There are so many millions of coins held below 1c. There are 128B coins outstanding! Sure I guess it can spike up to any price theoretically, but 14.4M new coins arriving every day is a lot of selling to soak up.
He keeps doing this A lot of people are going to get burned. DOGE keeps printing 14.4M new coins every day, there is no way there can be sustained buying to support that and hundreds of kids keep buying it because Elon keeps tweeting it.
Remember the old Trump Tweet scanner to pick stocks? We need one for Elon. An alert every time he tweets to buy tickers he's pumping then sell them before everyone else.
That 6c resistance didnt budge on this last pump, its also possible that his pumping becomes ineffective eventually.
Well ya, for sure. His fans are already holding in. Now they need OTHER people to get in, and the hype has died. As he tweets about other stocks/cryptos though for the first time, should be pretty easy multi-day trades if you see the tweet before most of his fans.
People need to do RESEARCH on anything before jumping in blind. This coin was designed specifically as a JOKE, ask the creator. I dread the day ELON jokingly tweets to eat yellow snow. Sadly some will do it.
So many people suffer from hero-worship. They look at Elon like some sort of messiah. If he says DOGE, they will pile in for no reason other than he tweeted about it.
Don't know, check out this article. Over 1000 already do apparently. I only follow bitcoin, until recently I thought it was foolish. One of my friends bought 10 at 500 ish a few years ago. I told him he was nuts and bought 5000 in silver. The bet was my silver would out perform his fools gold. He actually has been holding that and more for years. I spoke with him when Elon bought and decided to take the plunge. His original 500 is 50,000 now. I showed him how I momo trade back then, now he is teaching me about crypto. He plays that stuff 24/7, completely out of the markets. I still have my silver. LOL
To da moon! I think its 5x from just about 3 days ago?! Ridiculous but ill take it. Only thing im upset about is that i wasnt finished adding to my position. Now im scurred to add more.
I've never seen anything like the DOGE.X stream over at Stocktwits since I began investing in 2013. That stream is on fire. There are like 5 new twits every second. Is that what it looks like when the retail traders come into the market? Did anybody here trade the dotcom bubble? But I guess it's not even comparable, as there was no social media back then.