Its difficult to time an exact top, but all the signs are there. This rally can go on for months, and even if there is a bear market I think there are enough people involved this time that they see it a buying opportunity, more so than before.Think that bear market is coming soon?
This is a very complex question that I am not sure can be easily discussed in a forum post and in fact I am not sure even nobel economics prize winners agree on the mechanics of money movement.My question would be, whats so wrong about leaving the money printer on??? Let the money flow and let people decide and build up value in whatever is working out for them. As it is, this finite currency business pretty much corporations are always going to find a way to hoard and build as much currency as possible.
The biggest difference being that when I go into Target and buy milk with US Dollars, the cashier gladly accepts my dollars as a means of exchange.The issue with doge crypto is its infinite supply, yet in the US we turn on the money printer all the time in events deemed critical to stimulate the economy.
The problem is that while everything is going up, you do not have any problem holding $10,000 in DOGE in your wallet, because next week it may be $15,000, and the week after it may be $18,000.I dont potentially see new coins being a problem if the currency were adopted.
I'm in total agreement with this Dodgecoin is just a Meme coin just like AC fan token etc. There hasnt been any development in the coin either its litterally just another run of the mil crypto with no future. Coins like etherium bitcoin and litecoin etc have been working on their coins since day one(I don't know if litecoin is still being worked on or not) to speed up transaction times etc. People with dogecoin atm are under the stage of "FOMA" and they all want their peice of the pie seeing as others are getting super rich on it. It's going to crash her as soon as the bear market happens just like all of the other memecoins did last time and never recovered. It has no use and i don't see a real future for it just an actual ponzi scheme and alot of people are going to be crying when their life savings sudden up and vanish.The problem is that while everything is going up, you do not have any problem holding $10,000 in DOGE in your wallet, because next week it may be $15,000, and the week after it may be $18,000.
Who cares about inflation or increasing supply? It just goes up!
Lets see how excited people are to hold DOGE when the next crypto bear market hits.
I would dare say majority of the new arrivals in crypto have never even seen a bear market, its just this myth that old people talk about.
If a deflationary coin like Bitcoin can drop 84% from top to bottom, can you imagine what could happen to DOGE?
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Right, so this is the big difference this time around.Coins like etherium bitcoin and litecoin etc have been working on their coins since day one
If dogecoin makes it that high and crashes hard its going to cause mass distrust in crypto in general and only a lucky few are going to be stupid rich. someone has to lose for someone to gain.TBH I want to see dogecoin shoot to $100 a coin and then crash hard, for the legendary stories that will come of it. I don't have any dogecoin, I just want to see you all sell high and get rich before the next crash.
Yeah that's why many of the more level headed Crypto proponents have had a negative view of Doge and 'celebrity' investors like Elon for awhile now. Stunts like what he has pulled isn't good for Crypto.If dogecoin makes it that high and crashes hard its going to cause mass distrust in crypto in general and only a lucky few are going to be stupid rich. someone has to lose for someone to gain.