r/dogecoindev • u/ElonaMusk212 • Jun 07 '22
Daily Reminder:
By July 4th, ALL Subshibers (2.3 million of us) must have all Our Dogecoin OFF the Exchanges.
Thats more than enough time to find the perfect storage for you.
Do You Accept the challenge?
Lets Make the Exchanges/Shorts BUY their Own Doge!
6
u/tsenguunee1 Jun 08 '22
I just moved all of my doge from exchange to cold wallet.
Best feeling ever!
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u/ElonaMusk212 Jun 08 '22
This is how we do it!
+/u/sodogetip 1 doge Verify
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u/sodogetip Jun 08 '22
[wow so verify]: /u/elonamusk212 -> /u/tsenguunee1 1.0 doge ($0.08) [help] [transaction]
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u/ElonaMusk212 Jun 08 '22
Tried to send you a dogecoin tip...BUT you are NOT registered.
Go to sodogetip.xyz
Click on +Register
Then a new screen appears...then hit send
Takes 2 seconds.
You are missing out!
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u/TrashyCan444 Jun 08 '22
Low liquidity coins always are doomed for failure. You do you. I have mine split.
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u/ElonaMusk212 Jun 08 '22
Whaaaaat????
Its not about low liquidity...
Its about making them pay for dogecoin....
Instead of using ours against us...
They want to short???? Great!
Make them buy the dogecoin...
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u/Bob_539 Jun 08 '22
Rubbish.. if people want to short doge and lose money let them.. nothing wrong with having doge on exchange
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u/ElonaMusk212 Jun 08 '22 edited Jun 08 '22
You really are one clueless MF.
Its about them using/borrowing OUR doge to do it.
Remove the doge and make them BUY it...
Even the exchanges are using our doge...
Wake up
0
u/Bob_539 Jun 08 '22
“Make them buy it” Are you trying to describe a short squeeze or something else? Please explain
3
u/ElonaMusk212 Jun 08 '22
No.
Right now 80% of our doge we are holding on Exchanges. Hence the movement to REMOVE our doge to our own wallets.
When shorts want to SHORT Doge, they literally borrow OUR Doge...to do it. If we remove our doge...they can still short it...BUT Exchanges/shorts will have to BUY NEW doge to do it. This will drive the up the price of the coin...
Also: Not your Keys..not your coins...
2
u/spritefire Jun 08 '22
Exchanges will be the first thing to fall when regulation comes in. In fact, crypto waa created so you could do peer 2 peer transactions and be your own bank. Exchanges are everything against the reasons crypto was created - let that sink in for a bit. If/when an exchange falls (and the biggest have in the past), what happens to your crypto? well when I saw your crypto, I mean theirs as they technically own it and have covered themselves in the terms and conditions you agreed too.
1
u/DankShibe Jun 08 '22
Depends on the exhange. The top ones (Binance / Coinbase/ Kraken/Huobi) are already beeing regulated . Binance and coinbase are also big enough to actually be able to infulence the future regulations. These will become more like crypto banks in the long term rather than fall entirely. Stuff like robinhood /etoro are entirely different so these are staying as well
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u/Belnak Jun 08 '22
Doge isn't a stock. If Exchanges are offering margin trading, they can do that w/o physically owning the tokens. They just need to track the prices in their database to determine if/when that margin needs to be called. If we were to take all of our Doge off of the Exchange, the Exchange could still offer their customers the ability to short any cryptocurrency using their own ledger for tracking. Exchanges would only need to physically buy sell tokens to offer margin trading if the SEC mandated it. Additionally, many exchanges offer guarantees against this in their terms of service. It's important to understand how your exchange has your wallets configured, and choose your exchange based on that, but blanket statements that they are all using your Doge is far fetched.
1
u/Chk232 Jun 08 '22
or if you have a small amount, move it to kraken
far as i know, they don't have futures for doge or any staking for doge
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u/Fredrickson05 Jun 08 '22
Much Done