/biz/ - Business & Finance

>He doesn't join blatant PnD groups to capitalise on it

>He didn't buy HBAR
>My portfolio the following day
Enjoy being poor /biz/

>BTT is suddenly spiking
>/biz/ absolutely hates money so they don't bother to scalp it
>Nearly all of the posts are shilling threads with bots
Classic /biz/

Dogecoin, a brief summary:

WallStreetBets (WSB), a sub filled with shit posters and avid option users on Reddit has suddenly adopted Dogecoin as their next pump and dump. What does this mean? Well:
>WSB is using a crypto for once rather than their traditional stocks and other financial instruments
>The value of it is going to skyrocket as it picks up momentum.

For people who've been here for long enough to do TA, you'll notice that there is a shortage of Dogecoins, as the demand outstrips supply. Judging from this basic general equilibrium alone, the price is probably going to break its resistance of 0.00000220

Is it ever going to reach 1? 10? 100?

Well, it depends:
>WSB pumps the coin, shillers, general fans, HODLrs, FUDrs, skeptics throw in their hats.
>Dogecoin gets picked up by news outlets and the enticing growth has a similar effect to how BTC hit new ATH's, enticing new retail investors
From there
>If it hits 1, and demand begins to teeter (probably first recognised by MACD and confirmed by EMA cross), there will be probably a dead cat bounce and then it'll probably never push past 1.5. Eventually larger investors drop out
>If demand remains significantly higher after achieving 1, then it could just easily absorb all massive sell-off. This the point that larger investors start to get involved to scalp off small changes
>Will it ever reach 10?
No. The increasing supply of Doge means that its suffering from dilution. The value of coins is eroding over time (every day in fact). This new supply from miners will help to plug the supply gap as we get to 1.

Should you be concerned? Probably not. If you've broke even, let it ride out and set price alerts.

What is everyone else's take?

>HBAR just keeps rising
Thank you based pumpers