Bitcoins - about to hit $5,000 per coin today!

[obsidian]

FOMO back in?

Today is Doge Day 4/20. People want to try and push it to $1 TODAY. How high will it go?

Also this is pretty big I think:

https://www.newsweek.com/dogecoin-gets-support-newegg-snickers-milky-way-doge-day-1584885

[obsidian]

[obsidian]

I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents.

You need diamond hands bra! I bought Doge at .02. Still hodling. I just wish I dumped $10,000 in Doge when it was 0.0004!

[Bindare_Dundat]

Why are people acting like DOGE is not real and BTC is?  It's all the same shit. 

Wrong.

[Bindare_Dundat]

Bitcoin is ‘the one’.

The entire crypto market revolves around BTC.

Each year thousands of cryptos fail and it doesn’t do shit to Bitcoin.

When BTC decides a bull market is over it takes everything down with it.

Although it’s possible Dogecoin could perform the greatest pisstake in history by getting the number one position on a meme coin. Elon will get dragged across the coals for that by US regulators.

Doge could bring crypto alot of pain. Its attracting even more negative attention to crypto that we don't need right now. Man, people are greedy and stupid as hell. Always shooting themselves in the foot. I hate youtube sometimes and the people that push this shit coin.


If you're not selling your Doge now and didn't buy when it was below 5 cents , I think its the biggest dumb gamble you could take. Might as well just pull the lever on a slot machine.

[Mayday]

You need diamond hands bra! I bought Doge at .02. Still hodling. I just wish I dumped $10,000 in Doge when it was 0.0004!

You have pretty damn strong hands that’s for sure!

Dogecoin at $1 gets it to 3rd spot. Well deserved lol.

Such interesting times when people actually face a tough decision on investing in the future of the financial system or a coin with a picture of a dog that when a billionaire tweets ‘woof’ it goes up 50% LOL.

[IroNat]

I honestly think the entire economy is heading for doom. Money growing out of nowhere. Millionaires coming out of nowhere.  Housing selling for far more than it’s worth and people with cash on hand to buy it all up. Something is not right and this whole deck of cards is going to tumble.  It will make the Great Depression look like a carnival. I honest think Covid was a world wide test to see how people will act when the entire worlds economy will collapse and the super rich will rebuild all of the wealth in their name.

A crash is coming for sure.  Crashes are cyclical and we are way overdue.  Probably a year away or more though.

>

https://www.currentmarketvaluation.com/models/buffett-indicator.php

The Buffett Indicator is the ratio of total United States stock market valuation to GDP. As of April 15, 2021 we calculate the Buffett Indicator as:

    Aggregate US Market Value: $51.8T
    Current Quarter Annualized GDP (Estimate): $21.9T
    Buffett Indicator: $51.8T ÷ $21.9T = 236%

By our calculation that is currently 90% (or about 2.9 standard deviations) above the historical average, suggesting that the market is Strongly Overvalued. These are historical, all-time highs. However, with interest rates at historic lows, there is reason to suspect that "this time is different" may hold true.

[Bindare_Dundat]

You have pretty damn strong hands that’s for sure!

Dogecoin at $1 gets it to 3rd spot. Well deserved lol.

Such interesting times when people actually face a tough decision on investing in the future of the financial system or a coin with a picture of a dog that when a billionaire tweets ‘woof’ it goes up 50% LOL.

If by interesting times you mean, the world has gone full bat shit stupid, then yes, I agree.

[Mayday]

Doge could bring crypto alot of pain. Its attracting even more negative attention toncrypto that we don't need right now. Man, people are greedy and stupid as hell. Always shooting themselves in the foot. I hate youtube sometimes and the people that push this shit coin.

True.

It’s a reflection of how broken everything is including people. That’s why Elon does it but still, it’s pretty fucked up to make jokes like this at a time when millions have lost jobs and so forth. Not smart.

I’m beginning to think this is actually Elon’s simulation! PayPal, electric cars, spaceships, chips in our brains....and a fucking dog coin that not only outperforms the leading cryptocurrency in it’s most important bullrun but is also proving to be more stable. Great, I’m an NPC.

[Bindare_Dundat]

I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents.

always ladder in  and out of crypto and always leave some in for long term unless you think its going to zero.

[Theoak*]

You need diamond hands bra! I bought Doge at .02. Still hodling. I just wish I dumped $10,000 in Doge when it was 0.0004!

Actually purchased 1300$aud at .004 back in 2018. Forgot I even had it in cold storage, only realised 2 months ago I was still holding. I was sure I traded it for BTC, guess not. I will at the end of the year though.

[Bindare_Dundat]

True.

It’s a reflection of how broken everything is including people. That’s why Elon does it but still, it’s pretty fucked up to make jokes like this at a time when millions have lost jobs and so forth. Not smart.

I’m beginning to think this is actually Elon’s simulation! PayPal, electric cars, spaceships, chips in our brains....and a fucking dog coin that not only outperforms the leading cryptocurrency in it’s most important bullrun but is also proving to be more stable. Great, I’m an NPC.

lol, good one.

at least i can take solice in the fact that all my alts are going up while doge is red. for now(?)   but who knows what that nut is going to tweet next?

[Mayday]

A crash is coming for sure.  Crashes are cyclical and we are way overdue.  Probably a year away or more though.

>

https://www.currentmarketvaluation.com/models/buffett-indicator.php

The Buffett Indicator is the ratio of total United States stock market valuation to GDP. As of April 15, 2021 we calculate the Buffett Indicator as:

    Aggregate US Market Value: $51.8T
    Current Quarter Annualized GDP (Estimate): $21.9T
    Buffett Indicator: $51.8T ÷ $21.9T = 236%

By our calculation that is currently 90% (or about 2.9 standard deviations) above the historical average, suggesting that the market is Strongly Overvalued. These are historical, all-time highs. However, with interest rates at historic lows, there is reason to suspect that "this time is different" may hold true.

You can resolve that by letting inflation run rampant which increases revenue on valuation calculations.

Just pump trillions into the bottom of the market and the inflation feeds upwards and validations the share prices. They just don’t want to give the plebs money because they are worried we will pay down debt which fucks everything up. Hence digital central bank currencies fix all of that because you program it for food, fuel, clothes purchases only.

[El Diablo Blanco]

I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents.

I had a bunch of Eth at $400 then it went up to $500, back to $400 up and down for a while and kept around that range so I sold just a bit above $500 and no shit a week later it went over a $1000 then kept going up.  So those that made good money on Eth should thank me for selling so early.

[El Diablo Blanco]

Today is Doge Day 4/20. People want to try and push it to $1 TODAY. How high will it go?

Also this is pretty big I think:

https://www.newsweek.com/dogecoin-gets-support-newegg-snickers-milky-way-doge-day-1584885

Doge is valued at $50B now.  To get to a dollar means a $100B valuation.  So a shitload of cash needs to be dumped in.  I don't think Reddit people have that much money to spike the price. 

[gib]

Doge is valued at $50B now.  To get to a dollar means a $100B valuation.  So a shitload of cash needs to be dumped in.  I don't think Reddit people have that much money to spike the price.

A lot of those reddit guys are trading long on massive leverage. So that can push up market cap. Boy boy will it collapse on itself once everyone gets liquidated. Mark my words...

[Flexacon]

A lot of those reddit guys are trading long on massive leverage. So that can push up market cap. Boy boy will it collapse on itself once everyone gets liquidated. Mark my words...

You sound a lot like Mr Analbolic right now

[gib]

You sound a lot like Mr Analbolic right now

Lol!!! True!!!

[OneMoreRep]

Hmmm.... More reason to suspect that the US government is angling itself for deep regulation and control of the crypto ecosystem.

Cryptocurrency Giant Binance Hires Former Top Bank Regulator
Brian Brooks, an acting head of Office of the Comptroller of the Currency under Trump, will become CEO of Binance.US

https://www.google.com/amp/s/www.wsj.com/amp/articles/cryptocurrency-giant-binance-hires-former-top-bank-regulator-11618912800

I'm starting to think Elon Musk might not be a fan of cryptocurrencies. Maybe his recent trolling/pumping of Doge is what finally set the US Government in motion to start taking discussions regarding regulation of crypto seriously.

"1"

[Bindare_Dundat]

I hope doge crashes and burns hard and recks a bunch of tictoc assholes  that bought near thr top. Wpuld be awesome if we never hear of doge again, except for how stupid it was to own any.

My technical analysis of DOGE on the charts. Right now its in  a brown log formation. Hopefully stays that way.

[Mayday]

LOL

Buy the dip mofo!

It has strong fundamentals providing Elon doesn’t forget his Twitter password.

[Bindare_Dundat]

LOL

Buy the dip mofo!

It has strong fundamentals providing Elon doesn’t forget his Twitter password.

I wanna laugh so bad but I know how fucked crypto is. Elons kid could start pumping it now for all.we know. Lol

[Flexacon]

LOL

Buy the dip mofo!

It has strong fundamentals providing Elon doesn’t forget his Twitter password.

Elon is busy dealing with the Tesla that crashed and burnt up. Give it a week or 2 before he tweets about doge

[Zillotch]

You sound a lot like Mr Analbolic right now

LMFAO... (bowing back out of this thread )

[Mayday]

Doge is valued at $50B now.  To get to a dollar means a $100B valuation.  So a shitload of cash needs to be dumped in.  I don't think Reddit people have that much money to spike the price.

Not as much as you think.

Roughly 3.1M wallets holding Dogecoin.

About 639 wallets hold 79% of supply.

About 41,000 wallets hold 95% of supply.

Therefore about 3.06M wallets are buying the crumbs and sending up the price.

Elon has 51.7M followers on Twitter who gag for dog tweets.

The 95% drip feed the coins to the inbound 5% at a rate slower than purchases which creates net inflow of capital. Each purchase therefore raises the price of the next purchase. To go from 50B to 100B when almost every buyer HODLs might only take 0.1B net inflow.

This is what causes parabolic runs but as seen with GME, if HODLers remain HODLing the price doesn’t crash into oblivion.


This gives you insight into why people still claiming diminishing returns for BTC this run have been wrong so far and will continue to be wrong.