What do you guys think? Did Dogecoin signal the market top or is the bull still alive?
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What do you guys think? Did Dogecoin signal the market top or is the bull still alive?
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I do not know but I am kind of waiting for BTC to drop down to the 42k-43k range. If it can still push up after that, then I think the bull is still alive.
Though personally I think the bull is still alive and we are only probably halfway into the bull cycle.
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I am not sure we see that low. $50K seems pretty strong and we might drift down into the $47K range again but I think buyers step in.
Weekends are usually strong for BTC for some reason. We will see what the start of the week brings.
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Who knows, but I think 42k-43k is a range to look at because there was a ton of trading in that area. If BTC can't hold it, it will probably drop back below 40k
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i think the news about the tax rise is impacting the market but I don't think that would last long. we just need some good news to move us upward again. still bullish
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I think BTC ETFs or a large corporation jumping in would the catalyst.
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Still learning to understand the crypto markets. @edicted makes many good posts on this topic. Personally I think the rise of Dogecoin in price is just hype. I would not use its rise and fall as a market indictor.
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It is a lot of hype but perhaps they suddenly develop a use case for it. With a following like that, it is possible.
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I think its all because of Elon Musk. He is the biggest pumper of Doge and I wonder how much Doge he actually has in his wallet.
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Yea I don't see it succeeding unless they resolve the issue of a use case. But the market tends to stay irrational longer than I can stay sane so who knows.
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I don't know honestly. I'm not a fan of it and it seems like manipulation plays a huge role in price evolution.
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I felt like the only people who really benefitted were those Doge whales who bought in at a low price. Anyone else might just regret their decision and I hope they aren't discouraged from crypto because of it.
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If they are, they have to learn to look into the project first and decide after. Doge has no project. Tik Tok users get Doge I believe but that's nothing.
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I don't remember where I read this but supposedly Amazon is gearing up to accept Doge as payment for goods. Doesn't Bezos own a bunch of those dogs???
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I have no idea what kind of dogs Bezos have, if any. Don't follow his or others private life.
could, would
This is all speculation so far.
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It was a joke, sorry.
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Doge is a joke, nothing more.
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With that one, I agree.
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I saw there was a petition for it but didn't see anything official
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I am not sure DOGE signals much of anything. It appears to be a mania inside a larger bull market.
It could keep running or that one could crash. I think we have a pause in the market before eventually heading higher. The bull is not done yet.
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Well the supposed target of Doge is $1 according to the pumpers. But I foresee a bunch of people setting up a sell way before that point.
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