Dropped 100$ in doge

xtsho said:

You guys be careful with your money out there. I've been in this game a long time. Before most had even heard of bitcoin. I've seen too many pumps and dumps to count. A bunch of people lost their shorts a few years ago when bitcoin made it's first big run to $20K. A year later it was barely above $3000.

Click to expand...

Dogecoin DOGE

$0.4721

-33.95%

mudballs said:

Bloodbath

Click to expand...

xtsho said:

There is going to come a day when a bunch of those coins are going to be dumped for profit.

Click to expand...

srh88 said:

It's at 44. A little over a month ago it was 6 cents. Are you guys alright? Lol. You only lose if you get scared. I'm not selling 1 doge. But I also got in too cheap. I'm still up 644%

Click to expand...

ptrzm said:

Why investing in Doge is a shit idea.

TLDR, vast majority of Doge is in the hands of very few people. Approx 1/4 of all Doge in one single wallet... this weekend's dump was bad, but when that rug really gets pulled it's going to happen extremely quickly.

Click to expand...

xtsho said:

Many are held by just a few people with ties to the many cryptocurrency exchanges and manipulate the price.

There is going to come a day when a bunch of those coins are going to be dumped for profit.

Click to expand...

xtsho said:

That may be true. You may be up. I made my original posts when it was around 0.38¢ And only as a warning to those that might think the train wasn't going to stop. What about the people that got in at 0.60¢. I was only cautioning people.

If you are up 644% good for you. I still have a chunk of Doge even after selling a bunch during that run. I was mining DOGE when it was around 0.0002¢ so I'm not out anything and 100% up. I don't see why you need to LOL when all I did was try and advise people to use prudence when investing.

My DOGE holdings are a mere speck of dust compared to the value of other cryptocurrencies I have. And I'm taking profit from all of them. Sure they may go up more but I'm turning some into cash now. Any smart investor takes profit even as something might go up. If there is another run I have more. If I had been up when it dumped I might have scooped some off the bottom. It's going to do a cats bounce and go up back down up again....

I think people thought Elon Musk being on Saturday Night live was going to be some kind of big deal. It wasn't.

Click to expand...

srh88 said:

Im up

644% just the month still.

Click to expand...

xtsho said:

Well I hope you sold enough to get your initial investment back. That's what I would have done. But everyone has a different strategy. Elon Musk/Tesla sold off a bunch of bitcoin and booked over $100 million in profit. Probably just to get the initial investment back since he got in when bitcoin was far below what it is today. Even billionaires get their initial investment back as soon as they can. A good trading strategy doesn't include just holding. You want to get your initial investment back and whatever is left is nothing but profit and you can't lose anything at that point.

I really hope you make a ton of money but it would be wise to cash out enough to cover your investment.

Good luck.

Click to expand...

PURPLEB3RRYKUSH said:

Ethereum classic is the next doge. 10x here we come.

Click to expand...

PJ Diaz said:

View attachment 4897854

Click to expand...

xtsho said:

I'm going to have to say. This cryptocurrency market is behaving much differently than I can ever recall. Usually everything drops or rises in unison with a few exceptions. It's now acting much differently. I'm still staying extremely cautious and have been making some profit here and there trading this and that. I did unload some ETH though to cover the costs of some house renovation projects I'm doing this summer. So much of the siding they made in the US is crap. I'm replacing it all.

It's amazing what a few dollars in electricity and a few mining rigs turned into what today can pay for it. I'm happy.

Click to expand...