Hmm, that coin which went from $7 to just $1 at this current bear market, has fallen more than 600% in its price, that's bizarre price reduction. You should try to find the coin, make thread on it, it will help members to notice the coin. It night be considered for investment, cos it has the probability of moving back to that $7 if the bearish run is over.
Yes, Elon musk pumps up dogecoin when he feels like. But for now, i see him being powerless to use his tweets to get the coin pumped up. The uncertainty it is facing now is beyond what Elon musk can handle until the issues of the uncertainty settles down. I'll simply save 60% long term and 40% of the coin short term.
That free fall around dogecoin have already caused panic for its traders, they are just perplexed by that. Some might dump it cos of such frustrations of it hitting very low in price. Who knows in the future, dogecoin can climb up and reach a very high level which we crave for. Such will make those investors having mixed intentions to comeback to gain, and it might be late for them. It is better to keep our investment around dogecoin till everything comes good.
Well said bro! Perhaps Musk is waiting for the right time to strike just like you said.... And People are patiently waiting for his coming back. But some people may be dropping Doge coin once and for all, when it rises again because of loss that so many people incurred during the rise and fall. Let's just hope for the best!
Lol, surely Elon musk will pump the price of the coin back. Maybe he's waiting for the right time to push the coin to move to that profit side. The coin falling down is isn't down to lack of promotion, or pushing from Elon musk but the problem of the ban posed by the Chinese government. If the effect of the ban wane off, surely the coins will regain including DOGE.
Laughs, that's the simple truth you said. Elon musk is very rich, most of the tweet are done simply having fun that satisfies his curiosity. Most times investors doesn't understand his vibes, they grow panicked and sold off their large portion of coins. No matter how Elon musk might twist the market, when I'm not ready i won't flip my coins.
Yeah he is rich already so what matters to him is the happiness and fun and the investors are the ones that suffers things alot , because their investment is at stake and if any tweet happens they quickly withdraw because they don't know the direction of his tweet and what it could cause , I think its the major thing
Laughs, he's keeping silent thos time, hoping that the uncertainty around crypto market clears up then he'll start pushing it again through tweets in order to get maximum reward for his coin. Elon musk is a business man that always desires profit all the time he doesn't like losing, he doesn't care if others win or lose just his own success.
Lol, he has also receive fair share of the downside by seeing his investment on the tumble cos of panic sells by other investors, small and big. The most influencing factor of the market fall centres to Chinese government banning crypto, and other countries still doubting its potential that has left it facing uncertainty, torrid time that makes the coins draining down.
you can imagine, this is not the best time for the giant whale in the industry in person of Elon Musk to be so manipulative and allowing his selfish interest to supersede the General health of the crypto space, if he had stayed strong with BTC that would have sent a strong signal to nor investors. Rather than create panic that is leading to panic sell. All for his coin that is not equally doing well.
China is out already with such lackluster decision they took, no one is including them on the countries that is active in Bitcoin adoption. With the drop down in price of BTC and other coins it has caused huge panic, cos the drop down is too whopping. Some coins gave seen more than -150% in just one month and half.
