Dogecoin: A perfect experiment on human greed

Dogecoin has no purpose other than being pumped and dumped. Thus it is a truly natural market, where everyone is driven not by any rational arguments but only by a strong wish to make money. For a savvy speculator it is of no difficulty; though new players, driven by mostly by newslines and Twitter trends (which always appear too late), do consistently lose money there and get either really angry, initiating panic sells or hopeful, holding their losing positions, but then become even angrier as they sell them lower than the initial price decline. Emotions being the only driving force for price, they appear in their purest form and with a consistent cyclical pattern, which can be seen in price patterns.

On the chart I've highlighted bearish periods of DOGEBTC and a major resistance level. I guess it is not hard to deduce that the next DOGE pump will happen in 2-3 weeks :D

Handel aktiv:

Bought me some DOGE at 38 satoshi with stop at 36 ;)

Kommentera:

Da fuck... forgot this one a long time ago and now DOGE is booming