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RE: DOGE MANIA CONTINUES AND IT"S MORE THAN A PUMP and DUMP

in LeoFinance3 years ago

I don't know what to make of DOGE. I'm used to it being something you buy, let it pump, then you take profits and buy back at the original price.

Usually, it does that process in a relatively short timeframe. And if you mess up the timing, you just wait a bit.

It used to be fun because if you got some DOGE, there wasn't much of a chance of it going below 15 sats or so. And the was a literal 1 sat floor, so what was the risk? Wait for the 15 sats to pump to 150 sats. Rinse, repeat.

The fact that there's so much attention now means this process is probably on hold for a while, perhaps forever. That's a literal new paradigm.

And to me, "new paradigm" has historically been a bearish signal.

Unless we're in that mythical "super-cycle."

Point is, it's probably good to step back from how it used to be.

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