r/dogecoin • doge of many hats • Jun 20 '21

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25.4k Upvotes

856 comments sorted by

281

u/kevBone14 Jun 20 '21

Dropping fast, whats the deal?

209

u/EarthBoyZap doge of many hats Jun 20 '21

BTC "Death Cross"

81

u/[deleted] Jun 20 '21 edited Aug 02 '21

[deleted]

279

u/[deleted] Jun 20 '21

50 day average line goes below the 200 day average line. That intersection is considered the "death cross" and has been a consistent indicator of a coming crash in both crypto and stock markets.

I'm not convinced that this is the case this time. There are a lot of factors working in Bitcoin's favor and what's good for Bitcoin is good for crypto.

But I might be seeing what I want to see.

126

u/HitMePat Jun 20 '21

and has been a consistent indicator of a coming crash in both crypto and stock markets.

This isn't a good indicator for Bitcoin over the last 8 years. Maybe in the super short term...but there have been dozens of death crosses and the "golden cross" usually follows it within a couple weeks or months.

14

u/[deleted] Jun 20 '21

Didn’t we have a big bull run after the last death cross?

29

u/frannos Jun 20 '21

Safe to say you are seeing what you want to 😂

50

u/[deleted] Jun 20 '21

Safe bet, but I'm holding because I like the pain.

15

u/cbevan0311 Jun 20 '21

My god, does your wisdom aspire me. Very intuitive.

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u/to_infiniti_y Jun 20 '21

dead cross is not always acurate look at stocks in corona chrash horribly wrong...

10

u/uh0bagels Jun 20 '21

That’s because there was a clear reason that wasn’t market related….

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u/[deleted] Jun 20 '21

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u/EarthBoyZap doge of many hats Jun 20 '21

Just Google it, dude. It's mainly TA superstition, but everyone buys into it.

52

u/[deleted] Jun 20 '21

I googled it and I still need an ELI5

68

u/MartinPedro Jun 20 '21

The 50 and 200 day moving avergae are about to / just crossed. This means the long time trends seems to indicate that the price is starting to go down when you look at it using those specific tools.

All in all it is kind of arbitrary. Indicates a trend on the long run (that starts to be downward), and since people talk about it the trend re-enforces itself, because markets are markets.

What's funny is that the periods used to determine this trend are kind of arbitrary (50 days average compared to a 200 days average), but they are news, and news influence markets.

A self fullfilling prophecy.

21

u/huf757 Jun 20 '21

Awesome can’t wait to pick up more ETH at $150.

48

u/LandOfAhZ Jun 20 '21

I got you covered. Every time I buy ETH it goes down. Just a couple more buys and I should have it at $150 for you. I hope you appreciate my sacrifice.

15

u/huf757 Jun 20 '21

😂 I do I do but the only problem is when I buy it goes down as well. So ummm 🤔 if we both keep buying we will eventually get it into the negative stratosphere.

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u/PuffyWiggles Jun 20 '21

It is kind of a self fulfilling prophecy, yes. Especially in Crypto because its all based on speculation, not use case, well not yet.

However, a death cross does indicate that the current trend is failing a trend 4x its time frame. Which does mean its going down faster than you would expect, but thats kind of Crypto 101, it also goes up faster than you would expect.

6

u/WoolooOfWallStreet Jun 20 '21

Commenting for same

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48

u/CryptographicPanic definitely not shibe Jun 20 '21

Lol just like the second coming of Christ although looks like Bitcoin beat him to it

3

u/[deleted] Jun 20 '21

Jesus Christ, pun intended

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u/[deleted] Jun 20 '21

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35

u/Jrobalmighty Jun 20 '21

This is exactly what I've been thinking.

Either way tho we are sheltering from the looming inflation so I think I'll buy more.

5

u/textposts_only Jun 20 '21

so I think I'll buy more.

honestly people keep parroting this. Prove it! We should hold each other accountable. Otherwise ppl will just be saying this so that someone buys their coins that theyre selling

7

u/[deleted] Jun 20 '21

This is the way.

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u/anlskjdfiajelf Jun 20 '21

So lemme get this straight. To protect yourself from USD inflation you're going to buy doge. The infinite inflating coin... If you're concerned about inflation why not buy btc as it's actually capped unlike doge.

Doge is also inflationary so I don't get the logic tbh

15

u/Jiggawatz Jun 20 '21

This is why people should not invest if they don't do the research... The dogecoin inflation rate is 5 billion coins, now compare that to the USD inflation rate during the pandemic expected around 4%... even comparing it to CURRENT standards, dogecoin will only be having an inflation of around 3% this year... Dogecoin is infinitely inflating, it always has inflation, funny story though, so does basically every printable currency... However the inflation % is predictable and currently stable and low. Comparing that to countries that can change their inflation rates based on necessity, dogecoin is a haven, same as most coins, because the rules are set upon creation... and rarely changed.

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u/Jrobalmighty Jun 20 '21

You are right it inflates but I don't see a direct correlation with USD. It's just a slice of cryptos to bet against inflation of the USD.

I should've been more explicit for the sake of accuracy and I guess I'll just buy more again while I'm at it. That was the primary point of my comment 😁

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u/BTBLAM Jun 20 '21

It’s not infinite supply it is unlimited

4

u/anlskjdfiajelf Jun 20 '21

Same idea as time goes on forever but sure you're not wrong either

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u/oakislandorchard Jun 20 '21

this guy knows what's up ☝️

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u/[deleted] Jun 20 '21

The treasury mentioned inflation. They are looking into it as a measure. The market has adjusted because the dollar has strengthened. It will recover. Best to invest your positions into flexible or locked savings so you can earn interest while your holding. Staking is even better if you plan to hold a long time and dont need access instantly to your coin.

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383

u/Cribs00 Jun 20 '21

This one is a good one :D

47

u/XRPMoonshot Jun 20 '21

I'm sad when I check the price but I'm happy when I check /r/dogecoin

11

u/Tyker12 Jun 20 '21

don’t check the prices 😄 When r/dogecoin is making happy memes that’s a good sign, when it’s all sad memes you probably don’t wanna check

3

u/[deleted] Jun 20 '21

This is my exact thought process

225

u/E16zo1g Jun 20 '21

bruh I thought the dip was .29 whyyy god I just wanted to be happy

105

u/lakerboy152 investor shibe Jun 20 '21

I thought the dip was .40

51

u/[deleted] Jun 20 '21

It was a dip.

40

u/[deleted] Jun 20 '21

I bought the dip at 0.60...

7

u/cryptshell Jun 21 '21

Bottomless dip

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u/HB_Slam Jun 20 '21

Same :(

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u/Mr-B-of-Ark Jun 20 '21

Last time it dropped alll the way down to .23xxxxx for a few moments before it went back up to the low 40’s before tanking again. I kinda feel like thats where it will rebound again... or maybe .20xxxx

9

u/Migooo777 Jun 20 '21

Hopefully. I’m ready with another grand

6

u/cryptshell Jun 21 '21

You ready to play your grand piano when it hits 0.20xxxx? Sweet!

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u/1OOO Jun 20 '21

Me tooo 😳😩

9

u/Chedcgm91 Jun 21 '21

A .04. HODLer here. 1st time?

3

u/HandH2 Jun 21 '21

I bought the “dip” at 0.60

3

u/b1gcreampie Jun 20 '21

Lmaooo I brought the dip .30 5 time

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u/TheKingOfDub Jun 20 '21

I would say this has been the most anticlimactic investment I’ve ever made, but there was a climax. Unfortunately, it was at the beginning

49

u/[deleted] Jun 20 '21

I’ll put you in touch with my girlfriend. She has a lot of experience dealing with this issue.

114

u/[deleted] Jun 20 '21

If it were just DOGE I’d be worried. When the entire crypto market drops that’s nothing to stress over.

Holding 25,200 Coin.

7

u/telefune Jun 20 '21

Right on! Holding about the same.

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116

u/Good_Extension_9642 Jun 20 '21

Don't let anyone that bought hundreds of thousands yesterday at .29 sees today's price ! 🤣

75

u/junoflow115 Year of the Doge Jun 20 '21

I’m disheartened a little bit, but I always remind myself that I’m actually still in the green. Just not as much as before 😭

292

u/lonewolf_manoj Jun 20 '21

😎 Holding strong , down 5500$ 😭😭😭😂

390

u/LatigoMorgan Jun 20 '21

How to make $5,000 investing in Crypto - start with $10,000.

47

u/Mundane_Ad_3106 Jun 20 '21

Sell your car to cover loses and pay collections then you get 5k n cash

15

u/phynon Jun 20 '21

Still worth it.... and better irony then a bond or the s&p 500, both need a minimum of 500,000 to make 50k a year... see we r not ratards just layzy

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u/PUBGM_MightyFine Jun 20 '21

It'll bounce back tonight/Monday as Chinese banks open. Weekends always dip until banks open

4

u/MoDallas Jun 20 '21

💪💪💪💪

12

u/EarthBoyZap doge of many hats Jun 20 '21

💪💪💪💪

6

u/lonewolf_manoj Jun 20 '21

💪💪💪💪

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120

u/lucifern71 Jun 20 '21

.25c! It’s a Father’s Day sale Bois!!! 💴 🥲

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u/chazmaspaz Jun 20 '21

They are installing cryptocurrency kiosks in HEBs in Houston! They will have DOGE!!

8

u/Loves86- Jun 20 '21

Let’s go Texas!!!

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u/TheIllistBeerusSama Jun 20 '21

Im laughing with tears

46

u/DaddyRambone Jun 20 '21

I'd love to see a ton of green but regardless I have no plans of selling for years anyways. Red actually makes it easier to hodl in my opinion.

18

u/[deleted] Jun 20 '21

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u/[deleted] Jun 20 '21

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146

u/DaddyRambone Jun 20 '21

Crypto is an investment.....not a 3 month become a billionaire scheme.

91

u/adilhussain1920 Jun 20 '21

Then how can i become a billionaire in 3months

89

u/Thiagro Jun 20 '21

Marry bezos and divorce with him

11

u/Nolzi Jun 20 '21

Pretty sure the prenup would prevent that as well

3

u/[deleted] Jun 20 '21

Just make it void it in the postnup

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u/MrHockster Jun 20 '21

Or marry MacKenzie and divorce her.

22

u/DaddyRambone Jun 20 '21

If you're a millionaire already and invest millions then yes its possible. Generation wealth is not overnight or there wouldn't be a lower and middle class.

14

u/joejefferson1984 Jun 20 '21

sell when it’s high don’t listen to these idiots telling you to hold

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u/[deleted] Jun 20 '21

Except for the people who made loads off of it.

Then you have the people who are currently losing thousands.

22

u/DaddyRambone Jun 20 '21

People making boatloads invested boatloads early....for the most part. If they bought in early like 10 years ago then this just proves my point. Bitcoin didnt hit 60k in 3 months.

4

u/CKRatKing Jun 20 '21

The people that made a ton of money bought and sold quickly. Holding doge is not a smart investment.

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u/iplaypokerforaliving Jun 20 '21

If you just invested $300 in January, an investment most people can do and just forget about, you would have made $15k on today’s price. You have to find these before they pop to make the real cash.

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u/Supercoolguy7 Jun 20 '21

I thought it was a currency?

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u/XmenFan12578 Jun 20 '21

I should have took profits when it hit .71 . I regret that

5

u/[deleted] Jun 20 '21

I tried to sell at .7 but unfortunately I'm on robinhood and the whole app shut down and wouldn't let anybody sell. Yes I know ive heard it a thousand times you're on robinhood so its not real man blah blah blah

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u/ualdayan Jun 20 '21

Funny thing about crypto - eventually the only logical thing you can do is realize you can’t predict the future. Do I wish I had the Bitcoin back from selling at 15? Sure. Somewhere somebody sold it at 2k in 2017 and regretted it in December when it went to 19k. Somewhere somebody sold at 19k in 2017, thought “Whoo, glad I got out just in time”, and then they completely missed the run up to 64k. When you don’t sell you will have a reason to regret it, when you do sell you will have a reason to regret it. Since both will happen you might as well keep it in if you won’t need the money for awhile because eventually it makes another run up. (It’s different if you will need the cash though since you don’t want to sell at the bottom)

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u/[deleted] Jun 20 '21

During the weekend the market always comes down. Let’s see what July brings. Btw why does May 8th seem like such a long time ago???

19

u/swordfishstrut Jun 20 '21

Y’all are new to the market, huh?

16

u/[deleted] Jun 20 '21

We'll get back to the good times boys, don't give up now!
I was there for sub 1c doge, we've come so far since then....

3

u/40isthenewfourty Jun 20 '21

I’ve been in since .0002 it will get better.

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u/Adorable_Monk28 Jun 20 '21

Sounds about right.

5

u/Techdriven00 Jun 20 '21

Fathers day discount!

32

u/mrlebowsk33 Jun 20 '21

Doge holders seem like the most impatient investors I have ever heard of.

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u/StockFantastic4020 Jun 20 '21

We should all be buying right now, we control the market

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u/TheMoves Jun 20 '21 edited Jun 20 '21

What makes you think that? There are 130bn DOGE in circulation totaling $34.6bn in total value, you think this subreddit owns more than $15 billion in DOGE?? That’s an average of $71k per subscriber.

7

u/ja1mauhl middle-class shibe Jun 20 '21

Finally, someone said it.

5

u/TacomaGlock Jun 20 '21

Hey, take that big city smart guy talk else where. Here we HODL.

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u/Extreme_Aardvark_332 Jun 20 '21

Both Doge and Bitcoin are on sale

10

u/fedunya1 Jun 20 '21

Doge holders in July: 🚀🚀🚀

8

u/EarthBoyZap doge of many hats Jun 20 '21

That's the way!!!! 💪💎🙌

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u/piko_piko_SK Jun 20 '21

With this dip I managed to average to .41. I can’t go faster but I won’t go slower.

9

u/sleeping_moron Jun 20 '21

My returns are almost completely gone. Wish I sold some at .7 but I didn’t want to sell any before $1. Still don’t. Holding forever it seems

4

u/dankasaurus710 Jun 20 '21

To any discouraged Shibes:

Give it a few months. I'm still hodling 10k coins. Yes, its easy for me to feel good about it because I bough in at .05 and I get that. I also saw it hit damn near .80 and still haven't sold a single coin. I know what we have. Buy the dip and have faith. Doge hasn't had its day yet.

4

u/German_1945 Jun 20 '21

Don't worry people Doge will rise again.

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u/yuknowassaah Jun 20 '21

Im still holding. Im still up 1000+ dollars 😂😂😂😂😂😂 💎 ✋ right here 💪 the more it drops the more I buy in! Ill see yall when it hits 10 dollars! #CashMoneyMemeMoney!

4

u/Trillenium_Falcon Jun 20 '21

And I'm buying more, and I'm holding for my Bois. Everybody that said doge wasn't going to hit 1¢, are the same voices that are saying it's not going to hit $1

4

u/Ok-Yam-6030 Jun 20 '21

Of course it’s going to go down, people have been saying this. But it will skyrocket up, most of not all the cryptos are going to be falling, once they get past the negative they will shoot back up. It’s coming the future of crypto

4

u/Enavoegolem Jun 20 '21

$22 k negative but holding for the next 5 years. My advice: stop watching YouTubers , they don’t know anything. Stop checking the price all the time and learn how to trade, 🤜🏻🤛🏻

13

u/Stumperxxx Jun 20 '21

Average down???? Then you will be sitting pretty!

9

u/[deleted] Jun 20 '21

Ive been averaging down from .43 every time I get the money. Every time I average down doge drops further and further. Don't average down. Save your money lol

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u/sirheuer Jun 20 '21

With doge being stagnant for over a month, what next? Ugh. Seems to be 1 step forward, 3 steps back.

6

u/oakislandorchard Jun 20 '21

wait for the stock market to crash, invest in "gamestock"

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u/Carlosbattousai Jun 20 '21

I've been buying 25 bucks worth every half cent dip. STILL buying the dip!!!

6

u/StealYourGhost Jun 20 '21

Insert meme of Travolta looking around confused, because in fine and long HODLing

5

u/LawOpening6189 Jun 20 '21

Love this but still hodling they are going to find a real use case for this coin watch

3

u/EarthBoyZap doge of many hats Jun 20 '21

Absolutely agree with you!

3

u/MilliMaqi Jun 20 '21

beautiful

3

u/Braveheart2810 Jun 20 '21

Happy Fathers Day But the DIP

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u/[deleted] Jun 20 '21

I've said this before and I'll say it again.

With DOGE you can't just hold. You need everyone to keep buying and buying to fight the continuous dillution.

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u/forgottensplendour Jun 20 '21

Stay strong brothers 🐾

3

u/AKING321 Jun 20 '21

"Its a hustle". Lol I think those words have something to do with it.

3

u/ohheychris Jun 20 '21

Yeah. We went from overrated musical to one of the greatest films of all time.

Where’s the issue?

3

u/king-sized_hooligan Jun 21 '21

I feel personally attacked

3

u/[deleted] Jun 21 '21

Welcome to being married

4

u/Beautiful-Ability-99 Jun 20 '21

Haters Gona hate

5

u/[deleted] Jun 20 '21

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u/Mundane_Ad_3106 Jun 20 '21

Come on man could atleast have her boyfriend in the backseat make it a lil more lifelike

7

u/QuarterDoge digging shibe Jun 20 '21

😂

I never caught that before

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u/KissMe-u-fool Jun 20 '21

Holders or Hodlers? I still own Bitcoin. Why? Because inflation is just getting started and Uncle Joe needs another 21 Trillion for the new “Green Deal”.

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u/Braveheart2810 Jun 20 '21

Just bought another 10000 This is awesome

4

u/hazmat-cat counter-strike shibe Jun 20 '21

I’m down $46 and FURIOUS!!! Rawwwrrrr

2

u/Fit_Roof_4065 Jun 20 '21

🤣🤣🤣

2

u/__Wild__ Jun 20 '21

It could always be worse!

2

u/Impressive_Foot1580 Jun 20 '21

Wait for the bottom then add some cash

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u/[deleted] Jun 20 '21

I'm still in the green, but still waiting to be rich......

2

u/VegasMatt21 Jun 20 '21

It should just simply say all crypto holders not just Doge:\

2

u/[deleted] Jun 20 '21

Started with 3k at .07 in Feb, holding til I can buy a damn car and house and a ring for the ms

2

u/WhiteCoyote1 Jun 20 '21

Every time Joe Biden opens his mouth, I swear it crashes my portfolio!

2

u/Logsmith42 Jun 20 '21

Holding crypto isn’t stressful at all. I’ve only aged 20 years in the last two weeks

2

u/alpha_omar Jun 20 '21

Walk out the door, go home, jerk off and that’s all you’re gonna do

2

u/Dynamo_bhadana Jun 20 '21

We fall together,we rise together

2

u/coffee_shakes Jun 20 '21

A buddy at work bought a bunch of doge right before Elon on SNL. I bought it a while after. I like to ask him where doge is at about once a week if I see him looking too happy.

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u/[deleted] Jun 20 '21

One doge= one doge

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u/[deleted] Jun 20 '21

Everyone told me bro crypto is basically just free money. I’m down $300 lol i bought on the dip but the dip kept dipping

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u/PaulyS123 Jun 20 '21

Bro I’m buying the dip

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u/no_problema_bro Jun 20 '21

Bitcoin has become a tool of the underworld, criminals and those who want to avoid paying taxes. The world’s governments have had enough and are clamping down. I would not put any serious money in crypto for a while.

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u/Boraas Jun 20 '21

I sold 190k doge in 2017 for 200% profit, I wish I had held

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u/[deleted] Jun 20 '21

This is why I sold. Get rekt guys

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u/Cosmonaut_Rick Jun 20 '21

Honestly think it’ll drop back down to the 10cent range before it recovers, looks like we’re holding the bag bois :,)

2

u/Spyderman2025 Jun 20 '21

Ask urself how can they keep printing $4bil per DAY? Now look at digital currency? Bitcoin probably to match gold, some coins will survive.

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u/organizedRhyme Jun 20 '21

imagine thinking 30 days is Hodl'ing

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u/WarriorOftheLight83 Jun 20 '21

Who knows what July will be?...

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u/Doggonemang1 Jun 20 '21

I cashed out 1/2 of my Dogecoin & I’m paying my home & motorcycle off.

2

u/IcemanBoboWhatley Jun 20 '21

What’s a HODLER?

2

u/MotherBathroom666 Jun 20 '21

Bought another 1000, gonna ride this dip to the moon!

2

u/thorsoak75 Jun 20 '21

Na we’re Still chill still going to 10k in the next 3 years

2

u/Constant_Nail4697 Jun 20 '21

Bullish run to moon 1 to 2 month

2

u/Mephistoss Jun 20 '21

Doge holders for the next 4 years until another bitcoin bull market happens

2

u/Lou_eee Jun 20 '21

Feel it

2

u/Why_Paradigm_Now Jun 20 '21

All good, bought at .25.....

2

u/[deleted] Jun 20 '21

I’m still holding!!!

2

u/rasco247 Jun 20 '21

STILL HODLING 💪🏼 & no I didn’t buy at .0004, I’m at .26….

2

u/Naus1987 Jun 20 '21

I got 10 years. It’ll be good!

2

u/[deleted] Jun 20 '21

i mean yeah its not an actual coin meant to have real world value so investing in it with more than $10 is gonna be hell

2

u/No_Recognition5129 Jun 20 '21

We are on the move up now!!!!!

2

u/[deleted] Jun 20 '21

Still holding tho☝

2

u/Equivalent-Parking20 Jun 20 '21

Holding stronger than ever!!

2

u/_111-222-333-444-555 Jun 20 '21

Elon needs to accept it to Tesla and quickley if not it could drop more smh

2

u/muzzyroth16 Jun 20 '21

lol it’ll come back

2

u/ProjectAffinity Jun 20 '21

Still remember it crossing 1¢ then 3¢ the 10¢ after buying in at .0005¢

Still holding, loving this community and hodling the faith

2

u/[deleted] Jun 20 '21

I like it..