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by rvz 1873 days ago
> I think you underestimate how the mainstream views cryptos as elitist silicon valley stuff, while dogecoin positions itself as "the peoples" currency. I think there's some bigger forces too that want to embarrass bitcoin and said elitist elements.

When it is covered on the news and they are all telling you to 'buy DOGE', for the early ones it is time to sell and take profit and it's 'bye DOGE' to the late comers; followed by negative coverage and smear campaigns to mess with the psychology of the retail investor to buy on the hype and all time highs, HODL, and sell when it is too late.

> I'd actually be willing to bet 10k USD with you that by end of August Doge will still be over $1.00.

Good. I'm sure it will go beyond $1. When that time comes I'll be on the other side shorting DOGE all the way down as soon as there is a sign of a pull back from its >$1 target ATH.

Perhaps you can keep your $10k or even put it on DOGE since we're both certain that it will go above $1.

1 comments

The same arguments could made against Btc and Eth just a couple years ago. I did lose an embarrassing amount betting on them circa 2018. Even today, Btc could suffer a 51% hash power takeover that would for all intents ruin Btc. Betting on Doge is not any more risky than the average crypto project.

Given the mainstream's reaction to crpyto, Doge, being cast as a refreshing, non pretentious alternative to Btc, might as well eclipse it in the coming future, I really wouldn't mind if it did, why not.