• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Dogecoin - The massive pump over the last few days! Was it Reddit?

  • Thread starter Thread starter BrolySSJ
  • Start date Start date
You can be able to attribute it to that factor but at the same time you have to understand that we were already in a bullish market and as such it was something that was always bound to happen.
 
The coin has now drop seriously. Elon Musk is no more hyping the cryptocurrency as he used to do in the past . I believe this is the reason the cryptocurrency is not growing. Anyway all cryptocurrency is going down including bitcoins itself.
 
The dogecoin massive pump could be as a result of the influence from Reddit, because if you are looking for a platform where rumours on cryptocurrency is top notch, Reddit is a place to go.
 
If you want to buy a coin like dogecoin you should do always be careful especially when there is a huge hype around.

Things like that had happened a lot of time and a lot of people ended up losing their money. Imagine those that bought dogecoin when it was it around 70 cents. Since then it has not gotten up to its all time high.
 
Last edited by a moderator:
I've always liked to give trials on investing opportunities. I'm glad I didn't give up on it because initially it seemed like it was a joke. Reddit should be one of the helping cause.
 
Reedex said:
The dogecoin massive pump could be as a result of the influence from Reddit, because if you are looking for a platform where rumours on cryptocurrency is top notch, Reddit is a place to go.
Click to expand...
I haven't really used this reddit platform for anything. That means if I can use it to follow up crypto related groups , I'll be able to get a signal on when to buy Most cryptocurrency. I think I am going to try this out .
 
We have heard of several pumping and dumping around the dogecoin and that is the reasons why it is a little bit risky to invest on the dogecoin because you cannot predict it movement.
 
There's a lot of pumping and dumping going around the dogecoin and that is a major reason why I do not like to invest into such kind of coin because of the influence it easily gained.
 
The influence of dogecoin has made the price unstable and unreliable to invest into. Many users really control this coin so it is better for someone to go for other coins.
 
Reedex said:
There's a lot of pumping and dumping going around the dogecoin and that is a major reason why I do not like to invest into such kind of coin because of the influence it easily gained.
Click to expand...
I regret investing into dogecoin back then because I was buying to hold it for a very long time in my wallet , the price is getting worse and that's whyni just neglected it inside my wallet .
 
I can not actually point if reddit was responsible for the pump that we have been seeing around the Dogecoin, but I know that the dogecoin is known with pumping and dumping by the whales. This is why the coin has failed to improve significantly over time.
 
Sake said:
There's actually a massive support for dogecoin in Reddit you can see that this coin is being taken seriously by those investors.. im seeing them buying a lot of dogecoins last year, Bitcoin people are making fun of them though now they proved them that it's a good coin to be invested too, i personally gave up on dogecoin but now im going to invest to it again
Click to expand...
The pumping and dumping strategy is very pronounced around the dogecoin and that is why it is more risky to put your money on dogecoin for a long-term gain. The Dogecoin has failed so many investors despite the hype.
 
I am now slowly beginning to understand the role in which already has been playing in the ecosystem in the past few years and I am now trying to take them serious.
 
It is definitely going to be Reddit. This is due to the fact that crypto currencies companies usually have got lots of influencers on social media platforms like Reddit who make things happen for them .
 
Profuk57 said:
Boy I am glad I decided to keep my doge coin till this moment. I think both Elon and Resit played a big role in getting the coin the current position is right now, and I sure do hope the the price will go above 1 dollar mark.
Click to expand...
It is completely pointless to think that the coin is ever going to go above $1. I think that it has already done its own part and we are just going to see if they are going to be innovative from here.
 
Bookwormlux said:
It is definitely going to be Reddit. This is due to the fact that crypto currencies companies usually have got lots of influencers on social media platforms like Reddit who make things happen for them .
Click to expand...
Reddit is where the politics is being played that is where you will get latest news on the new coin that has just emerged and if you're looking for where pumping and dumping is takes place ,it is definitely on Reddit.
 
Dogecoin was started as a "joke," (that's why they used an image of a dog), however, in the past few years dogecoin is taking a form of a good crypto currency. The current price surge of doge is being credited to Redditors that's because the price started going up when the influencer on Reddit began talking about Doge. Interesting, before Redditors started talking about Doge, it was Elon Musk with tweeted Doge and helped the price surge.
 
You must log in or register to reply here.
Back
Top