Hello to everyone who will take the time to read this.
This isnt really technical analysis but I just wanted to get it out there because I feel like a lot of misinformation is being spread about the doge coin, in order for Fear Uncertainty Doubt to spread, Professional traders live off of such market moving tactics.
Earlier today I showed an example of the DOGE rich list where the #4 highest wallet just bought 1.4 billion USD of DOGE on 5/7/21 for $0.52... and how none of the top wallets have sold much of anything, in a TV chat i think it was "cryptocurrencies" I was accused of spreading "misinformation" and it offended me because I wasnt saying I love or hate DOGE i was simply stating that something doesnt seem to add up to me about the whole situation. I do have a small stake in DOGE that i have held since mid feb. (my birthday) but Im not rich nor will ever be rich from DOGE if it goes to $1 or drops to 0.01, I took profits on the initial investment so Im good with holding to see what happens.
I am pretty sure posting links to off site pages isnt allowed but search for "DOGE rich list" for yourself and see what is going on there. this is a copy/paste from the #4 top DOGE wallet (Edited format to fit here) It can be found on the Doge rich list on the blockchain explorer
Block time amount balance USD Price
3719918 2021-05-07 20:06:05 -1 DOGE (0.67 USD) $1,880,807,015 @ $0.675
3719519 2021-05-07 13:04:54 +1 DOGE (0.61 USD) $1,712,009,870 @ $0.614
3718607 2021-05-06 21:15:47 +2,787,571,392.86039877 DOGE $1,453,705,004 @ $0.521
(I couldnt get it to look the way i had it on the edit idea page, but look up doge rich list, that will be formatted correctly.)
The blockchain is public ledger Open to anyone to look at, whenever they want... But i was accused of spreading "misinformation" and I just wanted to make it clear that I have no reason to spread misinformation about anything. I live in the truth, and "all that is done in secret will come into the light" so it is best to keep it real from my beliefs.
It seems to me that the top wallets are still in accumulation mode, or at least content with holding steady for the time being. Logic tells you that 1. there are a limited number of people who have 1.4 billion to drop on a "joke coin" at 0.52 2. Those people who do have 1.4 billion to drop on a crypto didnt get all that money by being stupid with their financial decisions. 3. They plan on making more money, or why not put it in a "traditional" investment rather than DOGE 4. The billionaire crowd are well connected with other people with similar financial situations.
I think the "rug-pull" theory is not going to happen, it would better suit these billion+ dollar wallet owners to make DOGE a legitimate coin and watch the billions multiply instead of cut and run tactics.
Im not a professional or even a veteran crypto trader, but I like doing my own research and this all seems legitimate to me and I wondered if it would interest anyone else to hear it. If you made it this far thank you for reading and please tell me if i am missing something, I would like to hear any comments
Thank you and have a wonderful day.
This isnt really technical analysis but I just wanted to get it out there because I feel like a lot of misinformation is being spread about the doge coin, in order for Fear Uncertainty Doubt to spread, Professional traders live off of such market moving tactics.
Earlier today I showed an example of the DOGE rich list where the #4 highest wallet just bought 1.4 billion USD of DOGE on 5/7/21 for $0.52... and how none of the top wallets have sold much of anything, in a TV chat i think it was "cryptocurrencies" I was accused of spreading "misinformation" and it offended me because I wasnt saying I love or hate DOGE i was simply stating that something doesnt seem to add up to me about the whole situation. I do have a small stake in DOGE that i have held since mid feb. (my birthday) but Im not rich nor will ever be rich from DOGE if it goes to $1 or drops to 0.01, I took profits on the initial investment so Im good with holding to see what happens.
I am pretty sure posting links to off site pages isnt allowed but search for "DOGE rich list" for yourself and see what is going on there. this is a copy/paste from the #4 top DOGE wallet (Edited format to fit here) It can be found on the Doge rich list on the blockchain explorer
Block time amount balance USD Price
3719918 2021-05-07 20:06:05 -1 DOGE (0.67 USD) $1,880,807,015 @ $0.675
3719519 2021-05-07 13:04:54 +1 DOGE (0.61 USD) $1,712,009,870 @ $0.614
3718607 2021-05-06 21:15:47 +2,787,571,392.86039877 DOGE $1,453,705,004 @ $0.521
(I couldnt get it to look the way i had it on the edit idea page, but look up doge rich list, that will be formatted correctly.)
The blockchain is public ledger Open to anyone to look at, whenever they want... But i was accused of spreading "misinformation" and I just wanted to make it clear that I have no reason to spread misinformation about anything. I live in the truth, and "all that is done in secret will come into the light" so it is best to keep it real from my beliefs.
It seems to me that the top wallets are still in accumulation mode, or at least content with holding steady for the time being. Logic tells you that 1. there are a limited number of people who have 1.4 billion to drop on a "joke coin" at 0.52 2. Those people who do have 1.4 billion to drop on a crypto didnt get all that money by being stupid with their financial decisions. 3. They plan on making more money, or why not put it in a "traditional" investment rather than DOGE 4. The billionaire crowd are well connected with other people with similar financial situations.
I think the "rug-pull" theory is not going to happen, it would better suit these billion+ dollar wallet owners to make DOGE a legitimate coin and watch the billions multiply instead of cut and run tactics.
Im not a professional or even a veteran crypto trader, but I like doing my own research and this all seems legitimate to me and I wondered if it would interest anyone else to hear it. If you made it this far thank you for reading and please tell me if i am missing something, I would like to hear any comments
Thank you and have a wonderful day.