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Learning & News => News related to Crypto => Topic started by: newshunter on February 01, 2021, 01:00:49 PM

Title: Traders, influencers lick their wounds after vicious Dogecoin dump
Post by: newshunter on February 01, 2021, 01:00:49 PM

Traders, influencers lick their wounds after vicious Dogecoin dump

A speculative wave is now receding, and more than one trader regrets the ride.

Source: Traders, influencers lick their wounds after vicious Dogecoin dump (https://cointelegraph.com/news/traders-influencers-lick-their-wounds-after-vicious-dogecoin-dump)

Would appreciate your opinion about this

Title: Re: Traders, influencers lick their wounds after vicious Dogecoin dump
Post by: Bobcrypto on February 01, 2021, 07:17:04 PM

Honestly, I think that those that are regretting their dogecoin coin trade after the price dump are the "weak hands". It is very obvious that after a huge pump of about 800% within Friday last week till price dump, it expected that price come down and the experience traders/holders with some investors will always sell leaving the FOMO buyers/sellers till another price pump opportunity. I think this situation is sure to happen and will repeat itself again and again.
We only need to learn from experience when such pump happened.