Dogecoin (DOGE) Discussion Thread

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They keep making more coins, right?
So how does anyone expect the demand to increase when there is always more supply?

The only way to boost demand is via hype. It's not like there are any fundamentals behind it. Doge doesn't create anything. Nobody uses doge to purchase anything. So of course this shyt is a perpetual pump and dump. Even more so when you consider Robinhood owns like 30% of all coins.

I'd bet the majority of all these crypto coins are just vehicles to build liquidity for hedgefunds.
 

old pig

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dunno how low this’ll drop…hoping for $0.05 but definitely would like to see it under $0.01 even tho that feels like wishful thinking early on…then I’ll hold for a few months (likely years) and sell when the circus comes back to town…this is on robinhood and gemini…and soon coinbase…it’s not going away anytime soon
 
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$0.20 is near zero.

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They keep making more coins, right?
So how does anyone expect the demand to increase when there is always more supply?

The only way to boost demand is via hype. It's not like there are any fundamentals behind it. Doge doesn't create anything. Nobody uses doge to purchase anything. So of course this shyt is a perpetual pump and dump. Even more so when you consider Robinhood owns like 30% of all coins.

I'd bet the majority of all these crypto coins are just vehicles to build liquidity for hedgefunds.

This 100%.

All crypto will struggle because the HFs are liquidating to deal with AMC/GME.

Once those two stocks hit the moon, we may start to see some of the crypto gains come back. The price across all coins dropping is not an accident.
 
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