Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
If you buy with the pump, you are going to die with the dump. People act as if doge actually had a reason to go up, sure bitcoin is number one ranked and even though it was pumped, it could take that pump and stay there if it wants, that would take some time and effort but bitcoin is bitcoin and it could do that. What can doge do? Doge doesn't have that kind of investors and this pump was obviously not sustainable, a lot of people will lose money because of it.
this isnt the first time doge pump but it already pumped before. if you bought doge and the value suddenly dumped you dont need to panic but wait for the next doge pump but the reason why people got caught out by the dump is because they dont sell fast but they wait for more pumps after they buy .
if they will only sell as early as possible , tragedy will never happen to them .
doge coin is a top coin, its popular and useful . it has a reason to recover and hyped again .