Like it or not , but Doge have no intrinsic value or good fundamentals (crypto style : like limited supply at least at btc) and just another Pump and Dump scheme.
This is the cherry on the cake that still was not eaten like $GME, $AMC, $TLRY and bunch of other penny stocks.
All of this remind me a bit of 1929, 2000 when retail fomo is so insane , that they long everything and shoe shining average Joe gives you trading advice about markets. Why this is happening? Probably corona virus and money printing.
Will it last long? No. Frenzy will be over right when there will be no more lockdowns(will be frontrunned probably few months in advance. I'd say spring/summer 2021 most likely), and all this new tik-tok traders will end up devastated and bankrupt. Bankers will force gov to hike rates on dxy and collect that credits back forcing people into another finance depression.
Yes , it's a bubble burst scenario and it will happen sooner or later. Ponzies ain't lasts forever and you're all know it.
This is the cherry on the cake that still was not eaten like $GME, $AMC, $TLRY and bunch of other penny stocks.
All of this remind me a bit of 1929, 2000 when retail fomo is so insane , that they long everything and shoe shining average Joe gives you trading advice about markets. Why this is happening? Probably corona virus and money printing.
Will it last long? No. Frenzy will be over right when there will be no more lockdowns(will be frontrunned probably few months in advance. I'd say spring/summer 2021 most likely), and all this new tik-tok traders will end up devastated and bankrupt. Bankers will force gov to hike rates on dxy and collect that credits back forcing people into another finance depression.
Yes , it's a bubble burst scenario and it will happen sooner or later. Ponzies ain't lasts forever and you're all know it.
Trade active:
imgur.com/a/qWr9Dfd - hedged some here, still shorting till the end.