Does Dogecoin Follow Bitcoin?
What’s going on in the markets? not only Dogecoin, but other cryptos as well. So does Dogecoin follow Bitcoin? The answer is sometimes. Sometimes it does, and sometimes Dogecoin has a mind of its own.
Some people are worried about what’s going on. Now for those that are just saying, Dogecoin is going to go to zero. It wasn’t just Dogecoin that was dumping. Look at Bitcoin, Ethereum also big dump.
The market kind of moves together in tandem
If we take a look at the stock market, we’ll see that the stock market is dumping as well. Apple dump, GameStop and AMC also dump. Even Tesla big dump. So it’s all that the market kind of moves together in tandem.
Bitcoin generally tends to be the market mover with most other coins following
Is this going to keep going down? We don’t know. That’s a challenge when you’re buying, if you buy the dip here at Black Friday, right? Crypto markets on sale. Bitcoin generally tends to be the market mover with most other coins following, and you’ll see the same sort of shape of up from October 20th down back up on November 10th and down.
The strategy is you buy as low as you can
For the most part the strategy is you buy as low as you can and you’ll hold on if you’re trying to time the markets. If you’re trying to swing trade, then that’s a chance that you’re taking overall in the long term. Markets tend to go up. Yes, there’s going to be ups and downs.