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Crypto Discussion Forum => Cryptocurrency Trading => Pump & Dump => Topic started by: admin on February 15, 2021, 11:59:25 AM

Title: Elon Musk admits that Dogecoin is too concentrated
Post by: admin on February 15, 2021, 11:59:25 AM

If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.

https://twitter.com/elonmusk/status/1361094185412100096

Basically, Around 50% of all DOGE is held in just 20 wallets.
Not counting the 5 billion additional coins put into circulation every year
the absolute definition of shitcoin, pumped by the pump master
Title: Re: Elon Musk admits that Dogecoin is too concentrated
Post by: robert20 on February 15, 2021, 06:51:49 PM
This was always knew that Dogecoin is the most popular shitcoin. It was pumped because of influencers and short term traders took the advantage of it to make bog profits. I dont why this so popular when there are so many greta coins on the market.
Title: Re: Elon Musk admits that Dogecoin is too concentrated
Post by: alltalk on February 16, 2021, 10:12:47 PM
Quote from: admin on February 15, 2021, 11:59:25 AM
Basically, Around 50% of all DOGE is held in just 20 wallets.
This is why we call there are whales in the crypto industry. We cannot imagine if those 20 big players who have 50% Doge to cooperate together on pump-dump of Dogecoin. They will drop Doge price dropping first with a negative issue, then they will pump it by cooperating with Elon musk tweets. Can you imagine guys if they will get full supports from Elon Musk? This will be a big pump-dump coin forever.
 :-\
Title: Re: Elon Musk admits that Dogecoin is too concentrated
Post by: Bobcrypto on February 22, 2021, 06:23:45 PM
I think that in every coin there are always whales that will determine the market price at some certain times. Elon Musk is a dogecoin enthusiasts but admitted that there are some notable whales that posses 50% of the coin circulating supply, and want these whales to sell some of their coin to circulate the dogecoin. This is a good advice to enhanced dogecoin market price and adoptions. If the dogecoin whales cooperate with this advice, I believe dogecoin will go to the moon very fast.
Title: Re: Elon Musk admits that Dogecoin is too concentrated
Post by: Dinid on March 06, 2021, 11:05:26 AM
Quote from: alltalk on February 16, 2021, 10:12:47 PM
Quote from: admin on February 15, 2021, 11:59:25 AM
Basically, Around 50% of all DOGE is held in just 20 wallets.
... Can you imagine guys if they will get full supports from Elon Musk? ....
 :-\
Based on assets they owned, elon musk is more suitable to launch his own coin, may be elon coin or muskoin, who knows
Title: Re: Elon Musk admits that Dogecoin is too concentrated
Post by: jhm on March 06, 2021, 11:07:57 AM
Musk will love the Mars Coin. The Doge Coin praises are a troll, pretty sure people can see that