Gamestop was not the only thing experiencing a massive rally. When Robinhood limited trading on it's platform, the attention shifted toward the few crypto coins that are available on Robinhood. The chosen coin was DOGE and the rally was incredible. DOGE experienced massive gains in a single day. Increasing 930% in 24 hours from $.008 to a high of $.083.
The volatility during this time was extremely high, and very risky. I watched the value increase throughout the day but kept say, "this is the top" and it just kept going up. Well, going against my better judgement I finally decided to hop in. My first position was $.055 and I swing traded it for a couple of hours.
I got confident and went all in at $.068. Unfortunately, that dip was no dip. The price fell into a free fall and dropped below $.04. I made the decision to hold and hope for the best. The community behind the DOGE rally seems strong, with the hashtags and involvement on Twitter.
I figure a majority of the people still talking about DOGE and trying to get it to pump are those who got stuck holding the bag and want to recover their loses. On the other hand though, DOGE seems to rally every couple of months when a group decides to pump it.
The same thing happened with XRP yesterday, the price pumped to $.80 and dropped in hours to less than $.40. If you buy the pump early, you are able to make an enormous profit. For those who didn't get so lucky, they may face a total loss.
If you bought during a pump and are still holding, let me know. I feel a little better on the inside knowing there are others. Misery loves company I guess haha. I hope you all are making money.
Be careful though and don't invest more than you can afford to loose. Especially in crypto.
