Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Centus on June 18, 2021, 07:21:05 PM
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The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.
If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure.
For instance, pseudonymous analyst Tyler Durden highlighted what appears to be a "Head and Shoulder" pattern. The trading structure forms when an asset forms three peaks atop the same support level. In doing so, its middle peak comes out to be higher than the other two.
Durden flashed the Head and Shoulder-like pattern to predict a 67% price crash in the Dogecoin market.
Source: https://cointelegraph.com/news/even-elon-musk-can-t-save-dogecoin-from-crashing-another-60-analyst-asserts
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Elon Musk is also human and Elon Musk is also still as usual only eating rice and not eating stones, so Elon Musk will not escape mistakes and of course Elon Musk is also very open to everyone to crytpocrurrency.
Elon Musk will not be able to manipulate the price of the DOGE coin because DOGE is a decentralized coin and everyone can determine the price.
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Doge will definitely fall, like other coins, but right now Elon Musk is trying to pump the price again by actively posting tweets about Doge and Babydoge
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Bitcoin has $30000 usd from his previous price and we are know that how much usd was Bitcoin price, has a huge dumping of Bitcoin pprice and for this reason all Crypto market has Crashed. We know that Elon full support Dogecoin and for his supporting Doge already crossed 0.5+ on the past. But now how Elon can save doge from Crashing, it is not possible, becouse of Bitcoin price.
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For Elon Musk, doge only a business and must have profit, without that just say ' no '. The problem is how doge can use the situation to help the project, they already have diamond why not use it?. Crypto project not depend one person and talk as universal instrument, find new technology and new investor to keep grow up.
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For the most part, not only does the price tag depend on Elon Musk, but also on the developers' news themselves.
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For the most part, not only does the price tag depend on Elon Musk, but also on the developers' news themselves.
You're right, I think dev team should have good strategy to improve their projects and support the coins.
Dogecoin Just depend on Elon musk tweet. It's not good coin.
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The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.
If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure.
For instance, pseudonymous analyst Tyler Durden highlighted what appears to be a "Head and Shoulder" pattern. The trading structure forms when an asset forms three peaks atop the same support level. In doing so, its middle peak comes out to be higher than the other two.
Durden flashed the Head and Shoulder-like pattern to predict a 67% price crash in the Dogecoin market.
Source: https://cointelegraph.com/news/even-elon-musk-can-t-save-dogecoin-from-crashing-another-60-analyst-asserts
Friend, one thing we may try to understand is that the crypto market is volitality, and this constant fluctuations is control by Bitcoin price movements. If the price of BTC maintain some stability for a good numbers of days, I think many altcoins will see a good price pump, though not all altcoins at the same period.
In addition, crypto predictions are not certain, it can't not be accurate. On crypto market movement, it thing can happen and nothing is very sure.
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Unfortunately there are still many people who do not see things clearly... Elon Musk is not in Doge to save the puppy, he is in Doge to take advantage of his investors. Nobody can do anything for investors who bought at $0.73, and Elon Musk took advantage of precisely those investors, people who hope to see Doge at $1 or $5 as I have read on some sites will have to wait decades and their wish will probably never come true.
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Elon Musk knows what to download with his tweets. This, in my opinion, is the name of his pet (nickname), the pet that Musk loves so much. Everything that Elon Musk does not do takes on color: the creation of machines, cryptocurrencies, launching rockets into space. This is the genius of our time, there will be progress behind Elon Musk! Soon people will give up oil, gasoline and will not devastate the planet Earth. Doge cryptocurrency is the start!
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Its because the whole point of an ultra cheap tipping coin evaporated with the 100 x Pump just like Elon said if i send you 2 dogecoin will you send me 1 back, so when you think about it it costed 1 doge to send those 2 doge coins and if the receiver sends 1 doge coin he had 2 doge sent to him sebt one as promised and paid one in fees
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great news.. Elon Musk has announced that Tesla products can now be purchased with Dogecoin.
While vehicles are not yet sold with Dogecoin, Dogecoin can be used for items such as accessories, electronic gadgets and gift items in the online store.
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great news.. Elon Musk has announced that Tesla products can now be purchased with Dogecoin.
While vehicles are not yet sold with Dogecoin, Dogecoin can be used for items such as accessories, electronic gadgets and gift items in the online store.
This is precisely what Elon Musk was looking for from the beginning. The plan was simple, declare that they will accept Bitcoin to buy their cars, deny it a few days later claiming that Bitcoin consumes a lot of energy, and start talking about Doge on Twitter. Now that Musk has accumulated enough millions of Doge coins, his company accepts Doge as a payment method. There are many blind people who can see, but still do not see anything, now we will see how far Doge goes and how big the next drop will be.
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Big Whales like Elon, are the main reason to dump the whole crypto market, even they are not successfully achieving their target but impact the market very badly as small investor lose their assets.
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I am sure that the collapse of the price, taking into account its speculation by Elon Musk, will continue to fall, we all see that the price tag of dogs does not rise after any Elon tweets associated with them, people no longer believe in it. I think soon the price tag will fall as you wrote by at least 60%
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Big Whales like Elon, are the main reason to dump the whole crypto market, even they are not successfully achieving their target but impact the market very badly as small investor lose their assets.
For that reason, I will never invest in the coins/tokens that Elon Musk talks about, except the ones that even he can't manipulate. People are not aware of what Musk is doing, and some pay dearly for it by losing a lot of money, thinking that the next day they will be as rich as he is. Believing in the words of a man who will never have financial problems can create a lot of financial problems for people, but sadly that's the truth, we just have to read it on Twitter.
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-Elon is human too
-Elon is not DOGE's sole investor
-DOGE is purely decentralized
So, in my opinion, it is very reasonable that the DOGE coin continues to decline in price and cannot be saved by Elon Musk.
Why is that?
Because I explained a little above that the DOGE coin is decentralized and it is certain that this DOGE coin is something very unique and difficult to command by one person, including Elon Musk!
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Maybe we should think more clearly because if a DOGE coin is owned by more than 90% of the #DevelopmentTeam , then it is certain that the coin can be manipulated so easily and beat 10% of DOGE coins scattered around the world which are still far behind. The total supply of existing coins is 90%.
Well, the DOGE coin is not that type of coin because the DOGE coin is even more perfect with a decentralized system and of course Elon Musk may not yet have 10% DOGE coins of the total DOGE coins in circulation, so Elon Musk can't save him from falling coin prices. DOGE !
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The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.
I think it's still in the stage of fairness if DOGE experiences a price drop that drops to 60% and I'm also sure that one day DOGE will provide a positive value and of course it's also simple and easy to get past 100% of the current price on the market.
Maybe for some people who trade DOGE coins this is something that can be taken positively because if those who believe in DOGE increase then they will definitely buy DOGE coins with FIAT that are there to be held in the long term.
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Do we have to be Gods, right? Elon Musk?
Do we always have to guess that Elon Musk is always right with DOGE?
No , Elon Musk is not God !
Elon Musk could also be wrong with what happened to him if he wrote about DOGE!
The proof is now DOGE is decreasing as Bitcoin continues to fall in price and it is very difficult to come back again and it took about 5 years to rise (probably).
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Do we have to be Gods, right? Elon Musk?
Do we always have to guess that Elon Musk is always right with DOGE?
No , Elon Musk is not God !
Elon Musk could also be wrong with what happened to him if he wrote about DOGE!
The proof is now DOGE is decreasing as Bitcoin continues to fall in price and it is very difficult to come back again and it took about 5 years to rise (probably).
Elon Musk is a god only to those who believe that by buying Doge they could be as rich as he is. What these people do not stop to think about is that for Musk to lose $100,000 (for example) in one day is a joke and something that will not affect his economy or his way of life. But those people who invested a lot of money (some even took out loans) to buy Doge may now be broke. I have never listened to anyone in any investment, but there are people who prefer not to think, just obey.
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The dog shall rise. A 60% crash in crypto is standard
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Big Whales like Elon, are the main reason to dump the whole crypto market, even they are not successfully achieving their target but impact the market very badly as small investor lose their assets.
For that reason, I will never invest in the coins/tokens that Elon Musk talks about, except the ones that even he can't manipulate. People are not aware of what Musk is doing, and some pay dearly for it by losing a lot of money, thinking that the next day they will be as rich as he is. Believing in the words of a man who will never have financial problems can create a lot of financial problems for people, but sadly that's the truth, we just have to read it on Twitter.
I think we shouldn't believe they people like Elon musk, He just share FOMO gain big profit, than we will see the coin will dump.
We should learn about the coin that we will invest on it , Don't follow the famous person such as Elon musk.
I have followed him, but for short term.
Buy and sell when FOMO don't hold dogecoin, You will lose.
It's not good for long term investment.
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As matter of facts, there is know one man in crypto whether investor, trader or whale. One big whale or a investor can not do it elone. Elon Musk is single investor/promoter of dogecoin and he can not 100% control the value the of dogecoin. The future dogecoin lies on more adoptions and increase community and the popularity of the platform.
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Unfortunately there are still many people who do not see things clearly... Elon Musk is not in Doge to save the puppy, he is in Doge to take advantage of his investors. Nobody can do anything for investors who bought at $0.73, and Elon Musk took advantage of precisely those investors, people who hope to see Doge at $1 or $5 as I have read on some sites will have to wait decades and their wish will probably never come true.
Although the cryptocurrency market is now going through a bearish period and the price of almost every one has dropped decently, but still, now the price of Dogecoin is only 0.12 cents. All cryptocurrencies, which grow rapidly in price based on the hype, then fall just as quickly. This coin could have been used to make a profit earlier, but it is hardly worth doing now. It is likely that it will still be able to rise along with the general market, but it is hardly worth counting on repeated great results.
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Obviously this is where Elon Musk has the advantage as an entrepreneur who really only relies on himself and his popularity to be able to seek temporary profits.
but his followers still believe that Elon Musk is considered capable of lifting doge, but when a bear market like this looks like that ability is not possessed.
But Elon Musk enjoys this and benefits from the large number of people he can control.
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in my opinion, it's not just doge who lost 60%, almost all crypto fell more than 60%, this is a bearish market influence, so don't just look at it from the point of view of doge just look at all crypto movements for now almost all have lost 60 %, but for dogs, I'm sure that when the market improves, doge will record a new ATH because it's still supported by Elon, the richest person in the world.
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He can do it but he want do that because he is playing with peoples be carefull from trading doge coin its to much risky coin in crypto it dump upto 50% from all time high its not coin stay away from it because elon musk just stupaid person i dont trust elon and doge am not playing this coin buy other project coins like web3.0 projects.
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The Dogecoin coin has already had several price spikes after Elon Musk promoted this coin on social media. It is unlikely that such a hype will happen again, even if Musk wants to do it. In any case, I would no longer advise buying Dogecoin. This is already very risky. Now there are many promising coins even in the distant future, which are worth paying attention to. Dogecoin has already passed its peak of popularity.
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Elonmusk is just a big investor who has many business partners, when the price falls, nothing can make Dogecoin return to ATH when all coin prices are down, not just Doge, Butcoin is already -70% of ATH, you can see this situation is really complicated but everything will be bullish again when the 4 year Halving takes place.
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Elonmusk is just a big investor who has many business partners, when the price falls, nothing can make Dogecoin return to ATH when all coin prices are down, not just Doge, Butcoin is already -70% of ATH, you can see this situation is really complicated but everything will be bullish again when the 4 year Halving takes place.
Elon Musk can't do anything when it's a bear market as it is today, he is indeed an entrepreneur and has many followers who can be influenced to be able to make himself enjoy the benefits of it.
all coins are all affected and no one can escape this huge correction. just hope the bull market will come soon and is expected to happen when the halving comes, certainly long enough and to be able to prepare for this.