Dogecoin Falls Amid Musk’s ‘Saturday Night Live’ Appearance

All of these newcomers to trading are going to learn about “Buy the rumor, sell the news” firsthand.

Musk quickly went from beloved by the tech community and misunderstood by the masses to beloved by the masses and scorned by the tech world.

What's most disturbing is that Musk knowingly "backed" a technology that he knows is inferior and meant as nothing more than a joke which sort of goes against everything he has been promoting as an innovator and futurist.

I am not sure what exactly his endgame is, but I think he is too far into this he can't really back down from being a Doge's spokeperson and supporter. This is hugly depressing and demoralizing for the entire space of cryptocurrency.

It just means the early birds (DOGE whales) are profit taking some of the DOGE hype and left the retail latecomers (Robinhood users) bag holding some DOGE and are now 'panicking'.

If you think 0.1c is a 'crash' in DOGE, You are too new into the crypto markets and haven't seen anything yet.

That there is called profit taking from the whales due to selling on the news.

Welcome to crypto.

At the end, Elon Musk put Dogecoin at the right place. This crypto is completely a joke to tell how superficial it is. Why do everybody put money on that useless tech rather something real, e.g. save people lives?

Am I the only one that thinks this entire situation is a bad sign for our future?

Buy on rumor sell on news