Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: bitterguy28 on October 29, 2024, 03:13:00 AM
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doge (https://decrypt.co/288675/dogecoin-pumps-elon-musk-doge-trump-rally) the memecoin has risen 12% after being mentioned at a trump rally by elon musk and then posted on x by none other than elon musk himself again
doge is the top gainer in top 100 based on marketcap and most likely it is because of elon musk’s mention once again i know people do not like associating the memecoin to him since he isn’t even the creator but it’s hard to so when he himself mentions it and seems to have found a place in the government for doge that is if trump wins
since doge is associated to elon musk and elon musk is heavily campaigning for trump what do you think are the implications of this both on trump and doge especially after the election?
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Before now I really didn't fit doge into my said category of meme coins for a couple of reasons. And one of them is as a result of its adoption and usage. I've come across cases where bitcoiners made statements that they frequently make use of doge when bitcoin fees are quite high in times of congestion like we had around periods of last year.
Anyways I feel doge was more of an adopted coin to an ok extent since I've also seen many cases where people transact with it for smaller units of payment. And I believe that's quite enough to pull doge out of that category or set of Meme coins.
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Not only Doge but most of the alt coin have gained value due to Bitcoin gaining value. I don't think that Doge's gain of value has anything with the matters that are mentioned in original thread, it's only rising because the whole market in rising in value as Bitcoin crossed $72k value and it's still above $72k value at the time of writing this post.
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Yes, indeed, when compared to the previous 7 days, Doge coin experienced a fairly rapid increase. by more than 16%. this shows that Doge is still believed to be able to rise again, especially during the bullish era later. it's just that the market is always volatile, as is Dogecoin. because after a fairly significant increase, today there is a slight weakening. yes, even though it is only a little, but today's Doge price fell by approximately -1.25% in 1D.
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Not only Doge but most of the alt coin have gained value due to Bitcoin gaining value. I don't think that Doge's gain of value has anything with the matters that are mentioned in original thread, it's only rising because the whole market in rising in value as Bitcoin crossed $72k value and it's still above $72k value at the time of writing this post.
Comparing the performance of most memecoins with BTC or ETH, you can see that memecoins are skyrocketing higher during this bullish moment.. we can see hundreds of % increase in some memecoins, and this is really crazy....
Elon Musk and Trump are quite influential people right now for the current price increase. I am still pretty sure, DOGE will get special treatment again in the future until its price really skyrockets.
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Elon Musk and Trump are quite influential people right now for the current price increase. I am still pretty sure, DOGE will get special treatment again in the future until its price really skyrockets.
You will find thousands of analyses and reasons that might push memecoins but none of them are real, you can say that Trump/Musk's victory is the reason or that the Department of Government Efficiency "D.O.G.E" but the only truth is that the correction of these currencies will be sharp
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You will find thousands of analyses and reasons that might push memecoins but none of them are real, you can say that Trump/Musk's victory is the reason or that the Department of Government Efficiency "D.O.G.E" but the only truth is that the correction of these currencies will be sharp
I've heard about this reason too, and it's quite interesting. We can't possibly know what the investors are thinking since we don't live their lives, we only know that for some reason DOGE price has gone up, which caught many investors' attention, they invested and the DOGE price continued to rise...
For me, DOGE price increase is inevitable. It's the memecoins King and won't miss out on the current memecoins party. I think we can start expecting DOGE to reach 1 USD in the next few months.
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Yes, Doge holders are smiling beautifully. This time Doge can really restore the confidence of holders to keep holding the meme coin until the bullish atlcoin season later. We may have doubted, but basically we can expect this one meme coin to really fly.
Passing the previous ATH may not be easy, but it is not impossible either. In fact, if you look at the current conditions and some good news related to Doge and also Elon Musk who is often associated with Doge, it makes our confidence even higher for the increase in the price of Doge. Yes, stay like that and stay enthusiastic in holding this Doge coin.
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I did well on my DOGE holdings. I just sold off ½ of them which covered my buy in 2x.
And I am holding the other ½ which is 2x my buy in.
Basically I saw a 4x gain on my doge.
as a side note my LTC value went up about 20%
and my L7 miner is whaling like no tomorrow .
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Yes, Doge holders are smiling beautifully. This time Doge can really restore the confidence of holders to keep holding the meme coin until the bullish atlcoin season later. We may have doubted, but basically we can expect this one meme coin to really fly.
Passing the previous ATH may not be easy, but it is not impossible either. In fact, if you look at the current conditions and some good news related to Doge and also Elon Musk who is often associated with Doge, it makes our confidence even higher for the increase in the price of Doge. Yes, stay like that and stay enthusiastic in holding this Doge coin.
You are right. Last season i see that Elon Musk tried repeatedly to increase Doge Coin price, especially on Twitter, he tried to highlight Doge in various ways, but it was not possible to see any change in Doge Coin. Rather, many kinds of trolls have been done about Elon Musk for the same work again and again. But this time is different. As far I know Elon Musk will get a chance to work with Donald Trump and Donald Trump is also very much positive about Bitcoin at present due to which the price of Doge Coin will increase even more. I believe the doge coin will have a big movement in the next year and there is a big chance that it will surpass the previous ATH.
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But this time is different. As far I know Elon Musk will get a chance to work with Donald Trump and Donald Trump is also very much positive about Bitcoin at present due to which the price of Doge Coin will increase even more. I believe the doge coin will have a big movement in the next year and there is a big chance that it will surpass the previous ATH.
i mean he has a place in trump’s plans for the government he could promote doge to the states if he wanted to he could pump doge using his companies tesla starlink or x elon is a successful businessman and he has a lot of influence in the community i am confident now that once the altcoin season gets going doge will be a part of it
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For me, DOGE price increase is inevitable. It's the memecoins King and won't miss out on the current memecoins party. I think we can start expecting DOGE to reach 1 USD in the next few months.
Personally I don't think such a reason can lead to the continued growth of any cryptocurrency for a long time but @philipma1957 is one of the few people who invest in Doge for reasons away from Musk or memecoins so hearing his thoughts on the bear market is useful.
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For me, DOGE price increase is inevitable. It's the memecoins King and won't miss out on the current memecoins party. I think we can start expecting DOGE to reach 1 USD in the next few months.
Personally I don't think such a reason can lead to the continued growth of any cryptocurrency for a long time but @philipma1957 is one of the few people who invest in Doge for reasons away from Musk or memecoins so hearing his thoughts on the bear market is useful.
it has a huge amount of high quality asics mining on it.
it is a way bigger mining earner than btc. edit (per watt used it is far better earner)
My L7 is back to earning 36 a day and burning 8 of that this is a net of 28 a day with ten cent power cost.
In my home my power cost is 16.6 cents or 12.15 usd
I use a host but I can run that L7 in my home making 36-12.15= 23.85 dollars a day.
and get free heat for the winter maybe another 2 dollars a day. I would net 25.85 a day with it.
this is huge.
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since doge is associated to elon musk and elon musk is heavily campaigning for trump what do you think are the implications of this both on trump and doge especially after the election?
It has been proven that Elon Musk and Donald Trump have a very good effect on the DOGE coin, the proof is that now it can be felt and seen by me personally that this DOGE coin after Donald Trump's victory as president in the US. I still remember the price of the DOGE coin when I saw it was around 0.091 dollars and in just a matter of weeks it immediately shot up to a price of 0.41 dollars. I just muttered that if this increase happened to Bitcoin, maybe all altcoins would also fly up.
But there is a fundamental oddity, why don't Elon Musk and Donald Trump tease Bitcoin on their social media accounts? At least write the word "BTC" on their X account.
I see a very high conspiracy to Elon Musk and Donald Trump that they are deliberately playing with the price of the DOGE coin so that it can Pump and Dump quickly.
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Last season i see that Elon Musk tried repeatedly to increase Doge Coin price, especially on Twitter, he tried to highlight Doge in various ways, but it was not possible to see any change in Doge Coin. Rather, many kinds of trolls have been done about Elon Musk for the same work again and again. But this time is different. As far I know Elon Musk will get a chance to work with Donald Trump and Donald Trump is also very much positive about Bitcoin at present due to which the price of Doge Coin will increase even more. I believe the doge coin will have a big movement in the next year and there is a big chance that it will surpass the previous ATH.
Even this year, Elon Musk still tries to give contribution on meme coin price development. You must know DOGE program to be made by US government, it will be headed by Elon Musk. I assume they create the name DOGE, has any purpose. One of them may be the purpose to make Dogecoin price to skyrocket. Sure, it is very possible that Dogecoin to increase massively in the beginning of the next year, it is when the altcoins season happening.
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Last season i see that Elon Musk tried repeatedly to increase Doge Coin price, especially on Twitter, he tried to highlight Doge in various ways, but it was not possible to see any change in Doge Coin. Rather, many kinds of trolls have been done about Elon Musk for the same work again and again. But this time is different. As far I know Elon Musk will get a chance to work with Donald Trump and Donald Trump is also very much positive about Bitcoin at present due to which the price of Doge Coin will increase even more. I believe the doge coin will have a big movement in the next year and there is a big chance that it will surpass the previous ATH.
Even this year, Elon Musk still tries to give contribution on meme coin price development. You must know DOGE program to be made by US government, it will be headed by Elon Musk. I assume they create the name DOGE, has any purpose. One of them may be the purpose to make Dogecoin price to skyrocket. Sure, it is very possible that Dogecoin to increase massively in the beginning of the next year, it is when the altcoins season happening.
well the upside on doge is 10 dollars that is the best it should do this runup.
time will tell if it happens.
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Not only Doge but most of the alt coin have gained value due to Bitcoin gaining value. I don't think that Doge's gain of value has anything with the matters that are mentioned in original thread, it's only rising because the whole market in rising in value as Bitcoin crossed $72k value and it's still above $72k value at the time of writing this post.
true it's just luck that doge also went up because of the effect of btc going up too, maybe elon can raise doge again but will this be effective?
as we know ELON how he used to be towards doge after he got profit from his business and from the doge he owned
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true it's just luck that doge also went up because of the effect of btc going up too, maybe elon can raise doge again but will this be effective?
as we know ELON how he used to be towards doge after he got profit from his business and from the doge he owned
At least Doge is still the top meme coin and is expected to reach ATH again in the future. because until now Doge is still always associated with Elon Musk. So, our hope is that we are one of those waiting for Elon Musk to tweet again about Doge. so that it could spur a price increase on the first meme coin. It cannot be denied that predicting the price of meme coin is quite difficult and the increase is also the same, but if you look at the past, when Doge's increase was really skyrocketing due to one of the factors being Elon Musk's tweet, then in this bullish season we also hope that Likewise, there will be a significant increase later when Elon Musk or Trump tweets about Doge and triggers hype.
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Not only Doge but most of the alt coin have gained value due to Bitcoin gaining value. I don't think that Doge's gain of value has anything with the matters that are mentioned in original thread, it's only rising because the whole market in rising in value as Bitcoin crossed $72k value and it's still above $72k value at the time of writing this post.
true it's just luck that doge also went up because of the effect of btc going up too, maybe elon can raise doge again but will this be effective?
as we know ELON how he used to be towards doge after he got profit from his business and from the doge he owned
Currently, doge is dependent on bitcoin and no longer, from its many communities, to be able to encourage it to increase, especially by Elon who seems to have forgotten or waited for the right moment. So when bitcoin goes down doge is also corrected quickly and cannot last long.
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Currently, doge is dependent on bitcoin and no longer, from its many communities, to be able to encourage it to increase, especially by Elon who seems to have forgotten or waited for the right moment. So when bitcoin goes down doge is also corrected quickly and cannot last long.
don't all almost altcoins depend on bitcoin? when bitcoin drops even for a bit the confidence of investors for the rest of the market goes down as well and starts taking out their money from those altcoins and sometimes they crash so hard that they do end up dying because unlike in bitcoin there is a lesser guarantee of the market bouncing back from any corrections so if you see an investor buying more bitcoins when it goes down it is not the same with altcoins that when they go down no one really is interested to go and buy any more because no one knows if it will or can recover
doge is seeing some market drops this past week and it seems to be the one that is taking the most hit among altcoins or memecoins
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Currently, doge is dependent on bitcoin and no longer, from its many communities, to be able to encourage it to increase, especially by Elon who seems to have forgotten or waited for the right moment. So when bitcoin goes down doge is also corrected quickly and cannot last long.
don't all almost altcoins depend on bitcoin? when bitcoin drops even for a bit the confidence of investors for the rest of the market goes down as well and starts taking out their money from those altcoins and sometimes they crash so hard that they do end up dying because unlike in bitcoin there is a lesser guarantee of the market bouncing back from any corrections so if you see an investor buying more bitcoins when it goes down it is not the same with altcoins that when they go down no one really is interested to go and buy any more because no one knows if it will or can recover
doge is seeing some market drops this past week and it seems to be the one that is taking the most hit among altcoins or memecoins
I think what you're saying is the reality is that all altcoins are always affected by whatever happens to bitcoin, and it's hard to avoid being affected by bitcoin. But when bitcoin is corrected, I think altcoin also followed suit, and there could even be some that were ultimately unable to rise again,, but I think for potential altcoins there is still hope and in fact many people still buy when the price corrects, and it is very profitable to hold. You are right that doge is very affected by what happened to bitcoin's correction so that it cannot move and also falls, but I think there are still many who hold doge until now.
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doge is seeing some market drops this past week and it seems to be the one that is taking the most hit among altcoins or memecoins
Currently, the market condition is indeed bad and still dropping. Even Bitcoin is the same, still dropping at $95k or more. And this greatly affects the condition of the altcoin market as a whole. That's why Doge has also experienced a drastic market drop so far. Even in the last 24 hours, Doge has experienced a drop of more than -5.62%. However, not only Doge, several other coins have also experienced a significant drop in the last 24 hours of more than -5%, such as XLM, XRP, and several altcoins that have even dropped tens of percent. Yes, just be patient and wait for the BTC price to rise, surely the price of these altcoins including Doge will also improve again.
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I think what you're saying is the reality is that all altcoins are always affected by whatever happens to bitcoin, and it's hard to avoid being affected by bitcoin. But when bitcoin is corrected, I think altcoin also followed suit, and there could even be some that were ultimately unable to rise again,, but I think for potential altcoins there is still hope and in fact many people still buy when the price corrects, and it is very profitable to hold. You are right that doge is very affected by what happened to bitcoin's correction so that it cannot move and also falls, but I think there are still many who hold doge until now.
Indeed, when Bitcoin goes up, most altcoins follow suit, if it goes down and crashes, then some bear altcoins will also crash. And if BTC is sideways for a fairly long period of time in the bullish era, then get ready for altcoin season. And whatever it is, especially top coins, it still depends on the development of the Bitcoin market up and down.
Currently, the market condition is indeed bad and still dropping. Even Bitcoin is the same, still dropping at $95k or more. And this greatly affects the condition of the altcoin market as a whole. That's why Doge has also experienced a drastic market drop so far.
And what happened today is that the crypto price is plummeting again. Even the BTC price touched $92k. This is why some parties panic sell and make the market plummet even further. In fact, just wait and be more patient to deal with a market situation like this, but yes, it's also human, of course, their mental resilience and needs are different.
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I think what you're saying is the reality is that all altcoins are always affected by whatever happens to bitcoin, and it's hard to avoid being affected by bitcoin. But when bitcoin is corrected, I think altcoin also followed suit, and there could even be some that were ultimately unable to rise again,, but I think for potential altcoins there is still hope and in fact many people still buy when the price corrects, and it is very profitable to hold. You are right that doge is very affected by what happened to bitcoin's correction so that it cannot move and also falls, but I think there are still many who hold doge until now.
Indeed, when Bitcoin goes up, most altcoins follow suit, if it goes down and crashes, then some bear altcoins will also crash. And if BTC is sideways for a fairly long period of time in the bullish era, then get ready for altcoin season. And whatever it is, especially top coins, it still depends on the development of the Bitcoin market up and down.
Most of the altcoins that have been around for a long time and have potential have always followed the movement of bitcoin, although there are some that don't, but the occurrence is relatively very small. They want to increase and correct, then altcoins will follow, even when they fall and bitcoins can increase quickly, there are still many altcoins that are still down, and it is not surprising that many are left far behind when they are about to move up.
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Most of the altcoins that have been around for a long time and have potential have always followed the movement of bitcoin, although there are some that don't, but the occurrence is relatively very small. They want to increase and correct, then altcoins will follow, even when they fall and bitcoins can increase quickly, there are still many altcoins that are still down, and it is not surprising that many are left far behind when they are about to move up.
It is pretty true. Most altcoins are following Bitcoin price trends. When Bitcoin is declining, they are dropping their prices. This happened in the end of December 2024, most altcoins were declining because Bitcoin dropped its price quite a lot. However, people who are in crypto investment for a long time, they won't be surprised because it already happened many times. We just need to wait for the next pump, the prices of crypto coins should increase again in the future. As long as we are in the bullrun season, we are quite safe to keep holding the coins. It is including Dogecoin.
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Most of the altcoins that have been around for a long time and have potential have always followed the movement of bitcoin, although there are some that don't, but the occurrence is relatively very small. They want to increase and correct, then altcoins will follow, even when they fall and bitcoins can increase quickly, there are still many altcoins that are still down, and it is not surprising that many are left far behind when they are about to move up.
It is pretty true. Most altcoins are following Bitcoin price trends. When Bitcoin is declining, they are dropping their prices. This happened in the end of December 2024, most altcoins were declining because Bitcoin dropped its price quite a lot. However, people who are in crypto investment for a long time, they won't be surprised because it already happened many times. We just need to wait for the next pump, the prices of crypto coins should increase again in the future. As long as we are in the bullrun season, we are quite safe to keep holding the coins. It is including Dogecoin.
That's right with the movement that always changes quickly from being corrected and continuing to increase and creating ATH not long after, it will be corrected again, and this cycle continues and is actually good behavior, because every time the correction is finished there will be a surprise when it increases and that's what investors have wanted all this time.
Agree that the next increase will definitely happen again and not only in bitcoin, and what is definitely expected is that meme coins like doges will also be caused to increase.
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That's right with the movement that always changes quickly from being corrected and continuing to increase and creating ATH not long after, it will be corrected again, and this cycle continues and is actually good behavior, because every time the correction is finished there will be a surprise when it increases and that's what investors have wanted all this time.
Agree that the next increase will definitely happen again and not only in bitcoin, and what is definitely expected is that meme coins like doges will also be caused to increase.
It may change quickly or slowly. But there should be a change in the trends. When we are in green market, there will be following by red market. It is the normal condition in crypto market. There is no a long lasting bullish, there should be some corrections. If you understand the nature of crypto market, it must be something very usual. People who are surprised with the changes, they may be beginners or newcomers in crypto space.
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That's right with the movement that always changes quickly from being corrected and continuing to increase and creating ATH not long after, it will be corrected again, and this cycle continues and is actually good behavior, because every time the correction is finished there will be a surprise when it increases and that's what investors have wanted all this time.
Agree that the next increase will definitely happen again and not only in bitcoin, and what is definitely expected is that meme coins like doges will also be caused to increase.
It may change quickly or slowly. But there should be a change in the trends. When we are in green market, there will be following by red market. It is the normal condition in crypto market. There is no a long lasting bullish, there should be some corrections. If you understand the nature of crypto market, it must be something very usual. People who are surprised with the changes, they may be beginners or newcomers in crypto space.
That's right, crypto price changes are normal because it is the nature of Cryptocurreny itself, namely its price fluctuates highly. If the price change is not too significant, it can be said to be normal, but if it is significant, there may be a strong external influence. We must learn this, so that we are not easily influenced so that we make mistakes in determining steps that can cause us to lose our money.
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That's right, crypto price changes are normal because it is the nature of Cryptocurreny itself, namely its price fluctuates highly. If the price change is not too significant, it can be said to be normal, but if it is significant, there may be a strong external influence. We must learn this, so that we are not easily influenced so that we make mistakes in determining steps that can cause us to lose our money.
True. It is the nature in crypto market, there will be always up and down of crypto prices. Doge price looks increasing quite well in today, it is already around $0.37 again. If there is no bad news again, I think Doge will be above $0.4 again in the next few days.
I think we don't need to be influenced by other people. We must focus on our target. If we have enough knowledge, we are also not influenced by FUDs as well.
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That's right, crypto price changes are normal because it is the nature of Cryptocurreny itself, namely its price fluctuates highly. If the price change is not too significant, it can be said to be normal, but if it is significant, there may be a strong external influence. We must learn this, so that we are not easily influenced so that we make mistakes in determining steps that can cause us to lose our money.
True. It is the nature in crypto market, there will be always up and down of crypto prices. Doge price looks increasing quite well in today, it is already around $0.37 again. If there is no bad news again, I think Doge will be above $0.4 again in the next few days.
I think we don't need to be influenced by other people. We must focus on our target. If we have enough knowledge, we are also not influenced by FUDs as well.
Cyrotic movements are difficult to know precisely and can always go down quickly and go back up again and that is the nature of crypto itself. Doge is still quite good at its current price of $0.37 and this is certainly a price that can still be maintained well so as not to fall.
I think whether it is influenced by other people will certainly always be possible, especially the movement of bitcoin, which very clearly affects dog itself.
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Seeing everything that is happening to the current Doge price, it seems very difficult for Doge to go up again because considering that Bitcoin after reaching an all-time high is always being pounded down, even down to a difference of 10,000 dollars.
Doge currently cannot be an independent coin because the price of Doge always has obstacles with the price of Bitcoin, if Bitcoin is green then the price of Doge only goes up a little but if Bitcoin is red or dumps then the price of Doge drops very deep, this is what I have noticed so far regarding the Doge coin.
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Seeing everything that is happening to the current Doge price, it seems very difficult for Doge to go up again because considering that Bitcoin after reaching an all-time high is always being pounded down, even down to a difference of 10,000 dollars.
Doge currently cannot be an independent coin because the price of Doge always has obstacles with the price of Bitcoin, if Bitcoin is green then the price of Doge only goes up a little but if Bitcoin is red or dumps then the price of Doge drops very deep, this is what I have noticed so far regarding the Doge coin.
It is surely not impossible that Dogecoin will increase again. You can see that Doge has increased again recently. But to reach a new ATH, it is no problem if you doubt it. I'm also not really optimistic to see a new ATH in Dogecoin. But I'm very sure that Dogecoin still can increase gain its price. Bitcoin is different with Dogecoin, I think we can compare between them. For Bitcoin, it is quite clear that Bitcoin may hit a new ATH again.
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Seeing everything that is happening to the current Doge price, it seems very difficult for Doge to go up again because considering that Bitcoin after reaching an all-time high is always being pounded down, even down to a difference of 10,000 dollars.
Doge currently cannot be an independent coin because the price of Doge always has obstacles with the price of Bitcoin, if Bitcoin is green then the price of Doge only goes up a little but if Bitcoin is red or dumps then the price of Doge drops very deep, this is what I have noticed so far regarding the Doge coin.
It is surely not impossible that Dogecoin will increase again. You can see that Doge has increased again recently. But to reach a new ATH, it is no problem if you doubt it. I'm also not really optimistic to see a new ATH in Dogecoin. But I'm very sure that Dogecoin still can increase gain its price.
For the increase in the price of Doge coins, what price do you think the target will reach?
For me, reaching All Time High is still doubtful because the supply of Doge coins is very large.
Bitcoin is different with Dogecoin, I think we can compare between them. For Bitcoin, it is quite clear that Bitcoin may hit a new ATH again.
In the past few weeks I have also seen that Bitcoin has reached several all time highs, starting from 104,000 then going down and up again to 109,000 dollars. This increase in the price of Bitcoin greatly affects the price of the Doge coin itself.
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doge is great right now even at 33 or 35 cents a coin. it is great to mine it. I make bank with a single L7 miner from bitmain.
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~snip~
I make bank with a single L7 miner from bitmain.
Can you give a profit calculation from Mining Doge coins using a single L7 miner from bitmain?
For example:
How much is the price of 1 of this L7 Bitmain?
How much is the electricity cost per month?
How much is the Doge coin income per month?
How much is the maintenance cost for 1 of this L7 Bitmain?
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~snip~
I make bank with a single L7 miner from bitmain.
Can you give a profit calculation from Mining Doge coins using a single L7 miner from bitmain?
For example:
How much is the price of 1 of this L7 Bitmain?
How much is the electricity cost per month?
How much is the Doge coin income per month?
How much is the maintenance cost for 1 of this L7 Bitmain?
Nahhh, F*ck the calculations. I'll just make research on which "cloud mining websites" are legit and I will invest into them. :D. Kidding aside, even though crypto mining isn't viable in our country because of the ridiculously high electric fees, I'm a bit curious if mining it on the latest miner currently would still be profitable. :)
Speaking of DOGE, it has been on a stable price range for the whole month. It just went around the $0.30 - $0.40 price range and has consistently been at the top 10. It's just a bit unfortunate especially for some DOGE holders that despite the bull market happening, it hasn't even come close to its previous ATH of near $0.70.
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I purchased that L7 in December 2023 for 4,000 usd.
I mined with some partners with it from dec 2023 until Aug 2024
prices were low for doge I earned about 4 usd a day. for 8 months that means I
got back 1000 usd . so down 3000 usd
But I now have it alone at a host.
It makes about 19 usd a day the power costs about 7 a day so I now clear 11 a day
for sept-jan or 11 x 150 = 1650 profit
thus 3000- 1650 = 1350 in the whole. in 4 months it is paid off in full.
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For the increase in the price of Doge coins, what price do you think the target will reach?
For me, reaching All Time High is still doubtful because the supply of Doge coins is very large.
I target to see $0.65. But I think it will happen in altcoins season only. Or if there is big news about Doge.
I don't expect to see Doge reaching its ATH. I'm not so different with you in this case. But I still assume Doge will increase again its price in the next few weeks/months.
In the past few weeks I have also seen that Bitcoin has reached several all time highs, starting from 104,000 then going down and up again to 109,000 dollars. This increase in the price of Bitcoin greatly affects the price of the Doge coin itself.
Bitcoin always fluctuated. It dropped to $100k, but it may increase again above $105k in the next few days. I think it is normal, there is no something strange in Bitcoin price movement. Well, Doge doesn't always follow Bitcoin price. So, we don't expect Doge always follows the price increase of Bitcoin.
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~snip~
I make bank with a single L7 miner from bitmain.
Can you give a profit calculation from Mining Doge coins using a single L7 miner from bitmain?
For example:
How much is the price of 1 of this L7 Bitmain?
How much is the electricity cost per month?
How much is the Doge coin income per month?
How much is the maintenance cost for 1 of this L7 Bitmain?
Nahhh, F*ck the calculations. I'll just make research on which "cloud mining websites" are legit and I will invest into them. :D. Kidding aside, even though crypto mining isn't viable in our country because of the ridiculously high electric fees, I'm a bit curious if mining it on the latest miner currently would still be profitable. :)
~snip~
The answer that I often hear from various senior members, when these miners mine a crypto coin then they have a problem with very expensive electricity costs. I think it's not in my place if this electricity is expensive, it turns out that in your place the electricity costs are also very expensive to mine crypto.
I purchased that L7 in December 2023 for 4,000 usd.
I mined with some partners with it from dec 2023 until Aug 2024
prices were low for doge I earned about 4 usd a day. for 8 months that means I
got back 1000 usd . so down 3000 usd
But I now have it alone at a host.
It makes about 19 usd a day the power costs about 7 a day so I now clear 11 a day
for sept-jan or 11 x 150 = 1650 profit
thus 3000- 1650 = 1350 in the whole. in 4 months it is paid off in full.
Holys***t, the electricity bill is very expensive, 7 dollars every day is spent to mine Doge coins. This is beyond my expectations. But looking at the calculation of 19 dollars of income per day, it is still a profit of around 11-12 dollars and this is very large in my place of residence.
That means the calculation is that the capital of 4,000 dollars to buy this L7 Miner Bitmain can be paid off in about 4 months. The rest is you just relax and enjoy the profits from the ongoing Doge coin mining. Amazeeee !
For the increase in the price of Doge coins, what price do you think the target will reach?
For me, reaching All Time High is still doubtful because the supply of Doge coins is very large.
I target to see $0.65.
~snip~
Okay , i'll save this referrence from your statement.
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In the past few weeks I have also seen that Bitcoin has reached several all time highs, starting from 104,000 then going down and up again to 109,000 dollars. This increase in the price of Bitcoin greatly affects the price of the Doge coin itself.
Bitcoin always fluctuated. It dropped to $100k, but it may increase again above $105k in the next few days. I think it is normal, there is no something strange in Bitcoin price movement. Well, Doge doesn't always follow Bitcoin price. So, we don't expect Doge always follows the price increase of Bitcoin.
Since it rose to nearly $100K, Bitcoin has often made corrections to fall below it again, but it won't be long before it rises again and this continues to be done by Bitcoin and makes Doge and other altcoins unable to follow Bitcoin's movements.
So it's no wonder that Doge has not been able to reach its best value and this will likely wait until Bitcoin reaches its peak, then all altcoins can move, including Doge.
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In the past few weeks I have also seen that Bitcoin has reached several all time highs, starting from 104,000 then going down and up again to 109,000 dollars. This increase in the price of Bitcoin greatly affects the price of the Doge coin itself.
Bitcoin always fluctuated. It dropped to $100k, but it may increase again above $105k in the next few days. I think it is normal, there is no something strange in Bitcoin price movement. Well, Doge doesn't always follow Bitcoin price. So, we don't expect Doge always follows the price increase of Bitcoin.
Since it rose to nearly $100K, Bitcoin has often made corrections to fall below it again, but it won't be long before it rises again and this continues to be done by Bitcoin and makes Doge and other altcoins unable to follow Bitcoin's movements.
So it's no wonder that Doge has not been able to reach its best value and this will likely wait until Bitcoin reaches its peak, then all altcoins can move, including Doge.
I can confirm that the sentiments which you have given in today’s episode are not wrong at all; altcoins particularly the Doge only rise when Bitcoin has already topped the chart. However, it does not mean that Doge can not make the first move in some circumstances. In my opinion, there are numerous elements that can push Doge past Bitcoin, one of which is its trading volume, support from the community, or sometimes by enormous speculation on the part of the buyers. By admiring the previous movements, sometimes even all do not copy the movements of Bitcoin, and some of them may rise first. Therefore, there might only be a possibility that Doge will increase only after Bitcoin reaches its high, there are previous scenarios that much smarter individuals can profit from.
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I can confirm that the sentiments which you have given in today’s episode are not wrong at all; altcoins particularly the Doge only rise when Bitcoin has already topped the chart. However, it does not mean that Doge can not make the first move in some circumstances. In my opinion, there are numerous elements that can push Doge past Bitcoin, one of which is its trading volume, support from the community, or sometimes by enormous speculation on the part of the buyers. By admiring the previous movements, sometimes even all do not copy the movements of Bitcoin, and some of them may rise first. Therefore, there might only be a possibility that Doge will increase only after Bitcoin reaches its high, there are previous scenarios that much smarter individuals can profit from.
I also positively concur with your suggestion that most altcoins such as Dogecoins are highly correlated with Bitcoin although they are capable of outperforming other coins from time to time. The high trading volume, supported by the community or frenzy due to strong expectation for further growth of Bitcoin’s price can make Doge rise before it happens in Bitcoin. Nonetheless, the previous market trends indicate that Bitcoin is dominant in the market while most other cryptocurrencies follow its movements. Nevertheless, the crypto market remains unpredictable, and the stock movements, if observed and used to the advantage of investors, do not have to be logical all the time.
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I can confirm that the sentiments which you have given in today’s episode are not wrong at all; altcoins particularly the Doge only rise when Bitcoin has already topped the chart. However, it does not mean that Doge can not make the first move in some circumstances. In my opinion, there are numerous elements that can push Doge past Bitcoin, one of which is its trading volume, support from the community, or sometimes by enormous speculation on the part of the buyers. By admiring the previous movements, sometimes even all do not copy the movements of Bitcoin, and some of them may rise first. Therefore, there might only be a possibility that Doge will increase only after Bitcoin reaches its high, there are previous scenarios that much smarter individuals can profit from.
I also positively concur with your suggestion that most altcoins such as Dogecoins are highly correlated with Bitcoin although they are capable of outperforming other coins from time to time. The high trading volume, supported by the community or frenzy due to strong expectation for further growth of Bitcoin’s price can make Doge rise before it happens in Bitcoin. Nonetheless, the previous market trends indicate that Bitcoin is dominant in the market while most other cryptocurrencies follow its movements. Nevertheless, the crypto market remains unpredictable, and the stock movements, if observed and used to the advantage of investors, do not have to be logical all the time.
You are correct that not all things in the crypto market need to derive their existence and function in a traditional market framework. But that is where it is unique, Tests can be designed and commissioned with the element of innovation in mind to truly their potential to add value to the company. This means that some assets such as Dogecoin can experience increases originating from social factors or tweets, public personalities or flow of news, while Bitcoin has rather large fluctuations and is overall more consistent. In my suggestion I think it has its potential to grow but that does not necessarily give it the leverage over the other in the long run. I believe that one should remain relaxed when encountering such scenarios as it can be understood that when the market is active, the decision makers do not feel pressured and therefore they are most likely to provide the most accurate information. The nature of altcoins and coins is that they are volatile and therefore you can make great profits out of this volatility but always use your own judgement and not follow the heard.
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In the past few weeks I have also seen that Bitcoin has reached several all time highs, starting from 104,000 then going down and up again to 109,000 dollars. This increase in the price of Bitcoin greatly affects the price of the Doge coin itself.
Bitcoin always fluctuated. It dropped to $100k, but it may increase again above $105k in the next few days. I think it is normal, there is no something strange in Bitcoin price movement. Well, Doge doesn't always follow Bitcoin price. So, we don't expect Doge always follows the price increase of Bitcoin.
Since it rose to nearly $100K, Bitcoin has often made corrections to fall below it again, but it won't be long before it rises again and this continues to be done by Bitcoin and makes Doge and other altcoins unable to follow Bitcoin's movements.
So it's no wonder that Doge has not been able to reach its best value and this will likely wait until Bitcoin reaches its peak, then all altcoins can move, including Doge.
Actually, your opinion is very appropriate in this time. We obviously believe that doge coin is also a profitable crypto in cryptocurrency market. I think that gradually doge coin price increase in cryptocurrency market. Because we know that bitcoin price is increasing gradually before few days ago. We know that bitcoin price remain few days ago $82k in cryptocurrency market. But right now bitcoin price reach $94k up in cryptocurrency market. So we also saw that doge coin price remain few days ago $0.17, but if we follow in this time doge price is increasing $0.18. So i believe that if bitcoin price reach best position, then gradually doge coin price also increase gradually in cryptocurrency market.
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Since it rose to nearly $100K, Bitcoin has often made corrections to fall below it again, but it won't be long before it rises again and this continues to be done by Bitcoin and makes Doge and other altcoins unable to follow Bitcoin's movements.
So it's no wonder that Doge has not been able to reach its best value and this will likely wait until Bitcoin reaches its peak, then all altcoins can move, including Doge.
Bitcoin is almost reaching $100k again. It is a positive sign for all altcoins, including for Dogecoin. I see that Doge coin price is increasing quite high recently. If there is no big correction again in Bitcoin price, I think Dogecoin price can be above $0.3 again. Doge coin may not reach the best price but I hope it can be around $0.5 at least. There is still a chance for that price if we always have good news. I think $0.5 can be achieved in the altcoins season.