Over the years, not many people can make money on Dogecoin, because it is suitable for professional traders to arbitrage, but not for long-term holders. Dogecoin is a highly manipulated target. Compared with Bitcoin, it allows a group of people to make money from the trend, but Dogecoin is difficult. There are too many retail investors, and the cognition is too low, so it is easy to be manipulated.
The initial surge in Dogecoin was also based on the premise that most people got off the bus, and some holders were holding on to the roller coaster without selling. This wealth exposure is difficult to grasp. The behavior of retail investors is calculated. If you buy, it will either fall or go on a roller coaster. It is completely a joke.
Bitcoin makes money from trends, but Dogecoin cannot make money from trends. The last time Bitcoin reached 100,000, it only fell back to 70,000, while Dogecoin reached 0.48, but it fell back to 0.13. Such a bottomless decline, without resistance, also shows the fragility and garbage of Dogecoin, which has been played by the main force. It also shows that Dogecoin itself is not healthy, and the speculative demand of holders accounts for too much
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