Dogecoin skyrockets, stoking fears of a cryptocurrency bubble

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Dogecoin reached an all-time high above 28 cents on Friday morning, more than doubling in price from the day before.

— the world’s most popular digital coin has more than doubled since the start of 2021.

'Dogecoin’s rise is a classic example of greater fool theory at play," David Kimberley, an analyst at U.K. investing app Freetrade, told CNBC. "People are buying the cryptocurrency, not because they think it has any meaningful value, but because they hope others will pile in, push the price up and then they can sell off and make a quick buck."

But, Kimberley added,"when everyone is doing this, the bubble eventually has to burst and you’re going to be left short-changed if you don’t get out in time. And it’s almost impossible to say when that’s going to happen." "This is doubly the case in the crypto markets where a small group of players often hold a huge chunk of the total number of 'coins' in circulation. That means it only takes one person to dump all their holdings for the entire market to tank."

 

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The internet is a magical place.

WARNING: a Pyramid Scheme...

All this crap will blow out leaving the unwary holding the bag.

After looking at those doge eyes how can u say that? He is going to moon dogetothemoon

safemoon

If I only possessed money, creativity and the ability to grift I too could become wealthy.

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dogecoin to the Mars 🥳

BillSachman 👀👀

Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. Jason_Sallma1 thank you for your proper management .

Hmmm... the wildly inflated price of a joke 'coin' might indicate a bubble. Nah - I know it ain't so 'cause the experts tell me so. And they've never been wrong in any of the prior bubbles.

Fear is just made up by people who don't want doge coin succeed

🔥요한계시록 11장 두 증인의 글로벌 주일예배 안내🔥 *한국시간🇰🇷 2021년 4월 19일 2AM [동시통역 생중계 채널] 유튜브: 트위터: 회개와_거룩함 메시아께서_오신다 ProphetDrOwuor 두증인 모세_엘리야 휴거_환난

Tissue paper becomes valuable when over wanted so this is the same

These are the reasons why I know i am crazy and so not disqualify myself.

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