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How high can Dogecoin go before it crashes?

weatMod

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Cant tell you how to do your trading, but I moved all of my ETH into Tether after that China drop. I probably should have waited until yesterday on the dead cat bounce to cash out, but I already had a drop from getting in at $4k.

Granted, I still did pretty well overall. I cashed out my Shiba Inu to ETH at $4k after SHIBA INU did an 850x. I moved to ETH because I was concerned that had to crater (and I was right), so I got out of Shiba and into something "more stable". I should have probably seen we were due for something given ETH was at ATH.

In my opinion, ETH is going to bleed out just like it did in 2018. We're peak bullrun and the mania is over.View attachment 263847 View attachment 263848



I'm just one person, and I could be wrong. We could be in a bear trap and it's going to bounce back, but I'm personally not playing that game.

Also worth noting (if you look at that chart especially, if we repeat this 2-3 year bull run pattern, it'll eventually probably take 5-6x over peak this cycle, so if you wait long enough, you'll most likely get your gains back. Especially since ETH is a utility token, one of the first of its kind, and will have ETH 2.0 coming in the future, which will reduce trade costs drastically. At that, it's also beginning to host sidenets and layer 2s, like MATIC, further legitimizing it for the long term. If ETH plays it out right, it'll overtake Bitcoin in the next bullrun as top market cap.
yeah i may as well keep it there for the long run now , I don't need the money and the gas fees are high
i was planning on putting money in ETH for the long term
i tried to get out of DOGE when i was up $750 but uphold wouldn't let me
maybe i will make some money if there is a class action someday
 

Gamemaster1379

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yeah i may as well keep it there for the long run now , I don't need the money and the gas fees are high
i was planning on putting money in ETH for the long term
i tried to get out of DOGE when i was up $750 but uphold wouldn't let me
maybe i will make some money if there is a class action someday
I don't trust any of those third party services, especially no fee ones. I really only use them to liquidate my crypto to cash. I use defi. You pay the raw transaction fees and you're liable for your own security, but you aren't getting Robinhooded out of a trade.

ETH fees are high. If it's taking the majority of your funds. Leave it. Make sure you have backups if it's not on an exchange and hold it for 2-3 years or whenever the next bullrun is. By then, hopefully ETH 2.0 will be out, which will spike ETH's price and lower transaction fees.
 
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UltraDolphinRevolution

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so should I hodl my ETH?
I already lost the 400 I made in profit on DOGE ,transferred to ETH during SNL crash
and now I already lost like $60 of my own money
You didn´t lose anything unless you cash out. If you hold X amount of ETH, a bear market does not change that. Only the interest and therefore price of ETH can change. There is a limited amount of ETH in the world but a larger and larger amount of $ (20% of all USD in history were created last year, I think). Which one should you bet on? Your decision. Many countries have been reducing their holdings in USD (bonds). China and Japan together only acount for 10% now. Once inflation hits the supermarkets (not only lumber etc) there will be panic. What will people do? Buy physical gold? Not enough is available. Even if all the whales (plus or including Elon) leave crypto, it is has a bright future. You cannot defeat it. The Nigerian government tried it. It is a pilot for what would happen. China didn´t ban crypto btw. It just banned banks from dealing with or accepting crypto. And even if they banned it altogether it wouldn´t be easy to stop it. Let´s say I want to give my barbar a wine bottle or some crypto instead of 15$... That´s what people do in countries in which there is a crisis (besides cutting their own hair). XD
 
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