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I've been thinking about the drop for the past hour or so and I've come to the conclusion that the first Doge bubble (.7 BTC per mil) on Coinedup.com attracted a ton of pump-n-dumpers. They all started mining DOGE (still are according to these statistics) and have been instantly cashing them out on Coinedup. Everyone trying to cash out at once caused a massive spike in supply, which in turn lowered the overall value of Doge to BTC. On top of all of this, the recent dip in BTC's value has probably not helped.My opinion is that once the initial pump-n-dump phase calms down a bit the prices should slowly start to rise. On top of that, once the 100,000th block is found the Doge per block is cut in half (Down from a max of 1,000,000 per block to a max of 500,000 per block). This will cause the supply of newly mined Doge to obviously be cut in half, in turn causing the value of Doge to rise even further. This trend continues for every 100,000 blocks mined down until there's just 10,000 Doge per block after the 600,000th block (Somewhere between 0% and 1% of current reward per block).TL;DR: Pump-n-dumpers caused lots of supply. Newly mined supply will decrease after each 100k blocks are found. TL;DR;TL;DR: Buy much Doge.
And all coins are going down because of China. Give it a few weeks to stabilize. From what I heard, they are now taxing Bitcoin?
This IS a pump and dump coin though. They are not going to stop.
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