I am confused why the price of DOGE can immediately increase very high when Elon Musk makes a tweet about DOGE, so it wowed me with Elon Musk, because just by making a tweet about DOGE, then the price of DOGE immediately increases very high (like a miracle), but I also want to say thanks to Elon Musk for the tweet he made, so that I can get profit from investing in DOGE too.
What is there to be confused lol. A very high profile person is tweeting about doge coins and people ARE going to follow "trends" set by such high profile people. It is more like this "herd mentality". No one knows why they are investing in doge coin, but they are still doing it because they believe that they will make profit, after all Elon tweeted about it. Now there are some people who invests in order to make profit from those stuck within "heard mentality". They know more people are going to follow others blindly and hence the price will get pumped. Those who are aware of this are the ones who cash out their profit as soon as possible, while the rest suffers, learns a lesson and next time is more aware of the situation, thus learning how to take advantage of events like this. This keeps on going on.