People shouldn't be surprised by the dip in DOGE

in GEMS3 years ago

You can't have the good without the bad

People love it when something goes up 10x in a day, but they get all angry when it then drops 60% over the following two days.

I mean really, you think can buy something with the ability to go up 10x without also taking the risk it could get cut in half just has fast?

Charts like this are all too common in crypto and elsewhere:

image.png

(Source: https://twitter.com/icebergy_/status/1355397669326368770/photo/1)

Anyone who is still holding from before the pop is still up 3x-4x, so it's all about perspective.

Though, that's not really the point.

Unfortunately DOGE probably pulled new users in with it being in the press and most of em bought way higher than this thinking it was going to hold, but of course it doesn't hold and they get smacked.

Welcome to crypto.

It's the land of the super pump and dumps.

The thing people seem to miss about WallStreetBets is that they are a pump and dump group before anything else.

They don't care about changing the world as much as they care about making money.

They look for anything they can pump and dump, and then once they've made their money they move on to the next. As long as you buy first you keep winning.

It's a great gig those guys at the top have.

It might sound like I am bitter, but it's more that I am jealous, that and I also want to see them pump STEEM or LEO or bitcoin.

How do we make that happen?

Sort:  

DOGE pumped again.

DOGE is just a pump and dump coin.

Buy the quiet and sell the noise!

Could you figure out how we could do that?

How we could do what?

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 57610.17
ETH 3118.28
USDT 1.00
SBD 2.39