With everything thats going on with wsb and GME, we are getting an influx of newbies and day traders on the sub trying to pump coins (DOGE etc) in the vain hopes that it will emulate what happened there.THAT CANNOT HAPPEN!!!!Pump and Dumps have been riff in the crypto world for a long time due to the lack of regulation and the fact it is a wild west, these are seriously frowned upon by the crypto community, organic growth is the only way crypto should move.Look at the circulating supply of DOGE, to get to 1 dollar it needs to have a market cap of 120 billion, the whole crypto market is just under 1 trillionWhat happened in Wall Street was a calculated bet that paid off, hedge funds had left themselves open for a long time and in fairness this was long over due.Do not equate what's going on there with what should happen in crypto.Crypto Market != Wall Street.Anyway what do I know, I'm just some idiot on an internet forum
Submitted January 29, 2021 at 03:20AM
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