I'm getting some red flags about doge day...
Binance has suddenly given a message notice that 'spot trading upgrade due 20th April'. This tells me they are trying to curtail mega trading in anticipation of doge surge after what happened a few days ago and might place limitations. They claim trading will only be down for approx 2 hours but don't know.
The other thing that sometimes happens is exchanges decide to suddenly put coins on 'maintenance' in times of high volatility to prevent losses by stopping all trading of that coin.
So remember that even if doge surges it's the prerogative of the exchange to let you trade it.
I have another big hedge on doge right now so moving some of it off of binance after seeing that notice their giving.
Everybody including me is hoping Doge to hit $1. Aside from another milestone and a nice goal number it’s just another number. My original plan was to take some profit if and when it does hit $1 but I know 90% of holders are eyeing to do the same. Because of that....
I’ve reassessed my strategy. If it hits .80 or so which won’t won’t be long imo I might take a little profit then instead of waiting for the magic $1 when masses will sell cause they reached “their goal number”. If everybody tries to sell at the same time exchanges are going to crash and when they are able to sell it may have dipped way below $1. I’m expecting it to tank big time. That’s when I will swoop in and buy more and keep holding. Yes, buy more and keep holding. I’ve been a Doge believer since it was my first coin and Gateway to the whole crypto world and our circle here. I’ve been there for every milestone and deep dip and months of not moving past 5 cents. Call me crazy but this will be a $5 coin in 2-3 years. If I told you guys 1 month ago that Doge would be more than double of what VET is which it was earlier this week you guys would’ve called me fucking crazy. It was though. It’s consistently outperformed every coin in the top 20 by leaps and bounds. Doge is an established coin been around 8 years almost and this year its up 15.7k% VET which has been killing it is up 6.2k%. My point? Leave a moon bag if and when it reaches your level out figure. Don’t sell it all. Having a nice VET stack is great which I have a decent amount but I’m buying more Doge and will continue to hold long term as well. The longer I’m in crypto the more I realize this is a popularity contest and the people control what ultimately moves. Doge popularity grows everyday and with the massive loyal following it has... it’s impossible to fail. During yesterday’s scare 99.9999 % of all coins were red. Deep red even except for guess who? Doge.
TLDR keep neglecting Doge... at your own peril.
Regarding DOGE 4/20 day. I hear some people trying to equate it to GameStop. Now I understand the concept of "sticking it to the man" or "the power of the Internet" type stuff.
However from my understanding, there is a MASSIVE difference between the 2 . The GME was b/c of the short squeeze. You had a group making it sky rocket then you had the shorts that had to cover, which drove the price up higher.
But As far as I know there aren't massive institutions and fund managers shorting DOGE. I don't understand who is going to squeeze anyone on DOGE. It's just going to be a bunch of Internet people (and the world) watching as people buy it up b/c it's fun, they are hoping to strike it rich, and FOMO. And then ultimately someone is going to get stuck holding the bag. I don't see this as sticking it to Wall Street. It's basically the average joe in a giant pyramid scheme hoping to get in, make money, and get out before the ride stops! Maybe I'm wrong.
I agree that projects can have value for different reasons not just what they can do or provide. I've made quite a bit off of Doge already as a hedge coin so I see it mainly like that and will use profits to put into my main hodls.Holding a bag of Doge is never a bad thing today, tomorrow, 4/20, or years down the road. We hold enough in “serious projects” the “real coins” if you may. Fundamentally/logically speaking AGI, API3, HBAR just to name a few should be killing it. They’re not and haven’t been. They may one day and I think they will so I hold but like I said whaf moves Crypto is the people and the hype they generate.
I agree that projects can have value for different reasons not just what they can do or provide. I've made quite a bit off of Doge already as a hedge coin so I see it mainly like that and will use profits to put into my main hodls.
But I can see use cases for doge and don't agree with people who say it has no intrinsic value since it has the name and the technicals of it are also not bad. So even though I am not a long term holder I am benefitting from it and can respect the platform that it has. It is one of the few coins that looks like it can go mainstream like BTC so should not be ignored and looks the strongest to be used as an actual currency right now which could be huge. Especially after the recent run I'm not opposed holding onto some after cashing out profits if it surges.
This is it basically and Elon pumping it up. Lots of people will be left holding big bags of doge shit.Regarding DOGE 4/20 day. I hear some people trying to equate it to GameStop. Now I understand the concept of "sticking it to the man" or "the power of the Internet" type stuff.
However from my understanding, there is a MASSIVE difference between the 2 . The GME was b/c of the short squeeze. You had a group making it sky rocket then you had the shorts that had to cover, which drove the price up higher.
But As far as I know there aren't massive institutions and fund managers shorting DOGE. I don't understand who is going to squeeze anyone on DOGE. It's just going to be a bunch of Internet people (and the world) watching as people buy it up b/c it's fun, they are hoping to strike it rich, and FOMO. And then ultimately someone is going to get stuck holding the bag. I don't see this as sticking it to Wall Street. It's basically the average joe in a giant pyramid scheme hoping to get in, make money, and get out before the ride stops! Maybe I'm wrong.
I'm getting some red flags about doge day...
Binance has suddenly given a message notice that 'spot trading upgrade due 20th April'. This tells me they are trying to curtail mega trading in anticipation of doge surge after what happened a few days ago and might place limitations. They claim trading will only be down for approx 2 hours but don't know.
The other thing that sometimes happens is exchanges decide to suddenly put coins on 'maintenance' in times of high volatility to prevent losses by stopping all trading of that coin.
So remember that even if doge surges it's the prerogative of the exchange to let you trade it.
I have another big hedge on doge right now so moving some of it off of binance after seeing that notice their giving.
It's not always so simple, there can be various reasonsWhy would they do that though? Only reason might be to stop their servers crashing. They make money on every trade so more trading = more money.
Damn 33,000% gain since start of the year...Four With CVNT: Content Value Network (CVNT), the token associated with content distribution platform Collective Conscious Network, has risen 33,867.54% since Jan 1.
On that day, $1000 would have fetched an investor 146,842.87 CVNT as the cryptocurrency traded at $0.01 per unit.
At press time, CVNT traded 7.75% lower in a 24-hour period at $2.29. Today those coins would be worth nearly $340,675.47.
This effectively means the person could have purchased four Model S vehicles with or without subsidies and still have spare change left.
I'm sure Ari Juels can help them with that.https://decrypt.co/66946/bank-of-england-and-uk-treasury-launch-cbdc-taskforce
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Banks are getting scared, DeFi will win.