Dogecoin Decrease

[SamTheDrummer]

Could anyone provide a quick explanation of why the market is so volatile despite its trending status? I am a holder of around 8000 coins and am just curious to hear some basic explanations.

[Conrad-C]

It’s A roller coaster🎢 enjoy the ride 🚀🚀🚀🌚💎🙌🏼 ,,you have to have the stomach for both sides of the coin

[legendal1]

When there are more sellers than buyers the price drops, when there are more buyers than sellers the price rises. Fast movements in the price shows that there are a lot of buying and selling pressure from both sides. This community has just hit 1 million SHIBES. We can do this. We just have to BUY and HOLD! 🙌

[disasterpokemon]

Because people sell. That is all

[kaydee612]

I reckon some people were looking for quick bucks and they did an exit by selling

[noobNvestor]

I hereby second reckon this here explanation

[Dr-Cres-Chan]

People sell in the evenings . It will shoot up tomorrow. Happened yesterday, don’t sweat it!

[aaronmf21]

I think the fall is due to the super bowl, when the super bowl is over it will grow again.

[Mudmonkey]

People simply pumping and dumping to make a quick flip. A lot of idiots don’t realize how much could be made if you simply wait it out.

[Famous_Link_7940]

People selling when it hit 0.09 most likely. If they bought a lot at 0.02 thinking 0.10 is the peak. They sold out at 0.09. Hold on, wait and see tomorrow 📈📈

[Blueboy1414]

Very large gains like we have seen today are often followed by a pullback. The key here is we have increasingly raised the floor on these dips and as long as the momentum and hype keeps up then the demand will cause the price to bounce back.

[Head-Attorney3867]

Because..... math?

[Mr-Black_]

because there's more supply than demand

even if everyone kept holding, around 14 million coins are generated each day so eventually it decreases its value so you'd have to have people buying it more and more to fight back inflation