$DOGS Sell or Hold ? | Dogs token price prediction🦴
Summary
TLDRThe video discusses the token launch of 'Dogs Token' on August 26th, addressing concerns about airdrop selling strategies. It highlights the potential impact of Telegram CEO Pavel Durov's arrest on the market and advises viewers on how to manage sell pressure post-launch. The speaker shares personal strategies, such as selling a portion of tokens at launch and repurchasing at a lower price if the market drops. The summary also covers the process of converting tokens to real money through centralized exchanges and P2P transactions, emphasizing the importance of tax compliance.
Takeaways
- 📅 The Dogs token launch is scheduled for August 26th at 5:30 p.m. Indian time.
- 🔒 The total supply of Dogs tokens is 550 billion, with around 400 billion tokens distributed to the public.
- 📉 The arrest of Telegram CEO Pavel Durov has caused a significant drop in the price of TAON, which might affect the Dogs token market.
- 💡 The speaker suggests analyzing the market carefully before deciding to sell or hold the Dogs tokens for potential returns.
- 🚀 Most of the tokens are likely in Telegram wallets or centralized exchanges, and they will be available for trading on the 26th.
- 🤔 The speaker anticipates a possible sell pressure on the Dogs token due to the influx of new airdrop hunters in the Telegram ecosystem.
- 📉 Historical data from the launch of the NCoin suggests a potential 50% drop in price after the token launch, which could be a similar scenario for Dogs.
- 💸 The speaker plans to sell most of their Dogs tokens at the time of the launch and buy back at a lower price if the market drops.
- 💡 Two suggested strategies are to either sell 50% of the tokens at launch or wait for a potential drop to buy more.
- 💼 For converting Dogs tokens to real money in India, the speaker recommends transferring tokens to a centralized exchange, selling for USDT, and then conducting a P2P transaction.
- 🔒 The Dogs wallet offers a staking campaign with a 300% APY incentive to manage sell pressure and lock user funds until the end of August.
Q & A
What is the date and time of the Dogs token launch?
-The Dogs token launch is scheduled for the 26th of August at 5:30 p.m. Indian time.
What is the total supply of Dogs tokens and how much will be distributed to the public?
-The total supply of Dogs tokens is 550 billion, with approximately 400 billion Dogs tokens to be distributed to the public.
Where are most of the distributed Dogs tokens currently located?
-Most of the distributed Dogs tokens are currently in the Telegram wallets or centralized exchanges such as Binance, OKX, and Buyit.
What is the potential impact of the Telegram CEO's arrest on the Dogs token launch?
-The arrest of the Telegram CEO could create fear, uncertainty, and doubt (FUD) in the market, potentially leading to a price drop for the Dogs token after the launch.
What is the typical behavior of airdrop hunters when they receive tokens for the first time?
-Airdrop hunters are usually fascinated when they receive tokens for the first time and often try to sell them, creating sell pressure on the token launch.
What was the initial price of NCoin after its launch and what happened to it within the first few days?
-The initial price of NCoin after its launch was 0.01, but within 2 to 3 days, the price dropped by around 50% to 0.005.
What strategy is suggested for managing the potential sell pressure after the Dogs token launch?
-The suggested strategy is to sell some portion of the Dogs tokens at the time of the launch and then buy back at a lower price if the market experiences a significant drop.
How can one withdraw the Dogs tokens into real money in India?
-To withdraw Dogs tokens into real money in India, one can send the tokens to a centralized exchange, sell them for USDT, and then conduct a P2P transaction to convert the USDT into INR.
What is the process of selling Dogs tokens through a wallet if one does not have a centralized exchange account?
-If one does not have a centralized exchange account, they can use the exchange feature within their wallet, convert the tokens into USDT, and then sell the USDT through the P2P market.
What is the 'Wallet Earn' campaign offering for staking Dogs tokens?
-The 'Wallet Earn' campaign is offering a 300% APY for staking Dogs tokens until the 31st of August, which is a way to manage sell pressure during the token launch.
What is the importance of paying taxes on profits made from token sales?
-Paying taxes on profits made from token sales is important as it ensures compliance with financial regulations and avoids potential legal issues.
Outlines
📅 Doge Token Launch and Market Analysis
The video discusses the upcoming Doge token launch scheduled for August 26th at 5:30 PM Indian time. It addresses potential concerns about the airdrop, suggesting strategies for trading the tokens upon availability. The speaker provides an overview of the token's total supply, distribution, and current status in various wallets and exchanges. The video also touches on the impact of news about Telegram CEO Pavel Durov's arrest on market sentiment, which has caused a significant drop in the price of TAON, a related token. The speaker advises viewers on potential market reactions post-launch, considering the sell pressure from new airdrop hunters and the ongoing market uncertainty due to the arrest news.
💡 Strategies for Doge Token Trading and Cashing Out
This paragraph outlines strategies for trading the Doge tokens after the launch, suggesting a balanced approach of selling and holding tokens to maximize profits. The speaker shares a personal strategy of selling most tokens initially and repurchasing at a lower price if a significant drop occurs. The summary also covers the process of converting Doge tokens into real money in India, detailing the steps of transferring tokens to centralized exchanges, selling for USDT, and then conducting P2P transactions to convert to INR. Additionally, the video mentions a staking campaign offering 300% APY as a way to manage sell pressure during the token launch, and it demonstrates how to use wallet features for exchanging tokens and accessing P2P markets.
Mindmap
Keywords
💡Token Launch
💡Airdrop
💡Telegram Wallet
💡Centralized Exchanges
💡Sell Pressure
💡FUD (Fear, Uncertainty, and Doubt)
💡P2P Transaction
💡UST
💡Market Cap
💡Staking
Highlights
Token launch of the Dogs token is scheduled for 26th of August at 5:30 p.m. Indian time.
Discussion on whether to sell tokens immediately or hold for potential returns.
Subscription call for quality information on crypto market and airdrops.
Total supply of Dogs tokens is 550 billion, with around 400 billion distributed to people.
Most tokens are in Telegram wallets or centralized exchanges like Binance, OKX, etc.
Tokens will be available for trading on the 26th of August.
News about Telegram CEO Pavel Durov's arrest causing market turmoil.
Market reaction to the arrest news led to a significant price drop.
Advice on considering market conditions before the token launch.
Analysis of the sell pressure after airdrops, especially for new participants.
Comparison with the Not Coin launch and its initial price drop.
Strategies for selling a portion of tokens and buying back at a lower price.
Withdrawing Dogs tokens into real money through centralized exchanges and P2P transactions.
Instructions on how to register on a centralized exchange and transfer tokens for selling.
Use of P2P marketplace to convert USDT to INR for cash.
Discussion on wallet features for exchanging tokens and staking for rewards.
Campaign offering 300% APY for staking Dogs tokens until 31st of August.
Demonstration of how to exchange tokens within a wallet and sell them through P2P.
Conclusion and appreciation for the viewership.
Transcripts
all right so finally we have reached to
the date of the token launch of the dogs
token and that is 26th of August 5:30
p.m. Indian time and you might have a
lot of questions in your mind related to
the dogs air drop whether you have to
sell all the tokens when the token is
available for trading or just hold to
get the most of the return we will
understand and we will analyze all the
aspect in this video so if you are new
here just hit on the Subscribe button so
that you can get all the quality
information related to crypto market and
air drop to your YouTube feed so this is
the coin market and this is the page for
the docks and now you can see the total
supply of this dogs token is 550 billion
dogs and around 400 billion dogs token
will be distributed to the people and I
think most of the tokens are distributed
and remaining token will also be
available till 26th of August so most of
the token which are distributed yet are
mostly into the telegram wallet or into
the centralized exchanges such as
binance okx buyit and different
exchanges and if you want these token
into your uh custodial wallet like ta
keeper and all then you have to wait
till the 26th of August when the token
is available into the market for the
trading let's understand what you have
to do so there are one news which is
continuously running into the market
from the morning that the telegram CEO
pav Duro arrested at French airport and
here's why so basically he got some
arrest news basically circulating into
the market and that might be a very true
and that might be a fud and Bas because
of that news what happens into the
market is TA is tumbled so basically
taon was at
$6.8 price and now after the news when
the news came into the market the price
went down up to
5.39 which is insane draw down because
of the FED into the market if this fed
continues till tomorrow we might get a
draw down after the token launch of the
docks so this is the one aspect that you
have to consider if this fart continues
into the market you might see a drop
into the price of dogs after the
launch second aspect that aspect is most
of the airdrop Hunter right now into the
telegram ecosystem are new and everybody
is very fascinated when they receive an
airdrop first time they usually try to
sell so ultimately whenever any air drop
happen most of the people try to sell it
out and that ultimately creates a sell
pressure over the token launch let's see
the exact scenario of the not coin so
this is the not coin page and if you see
the current price of NCoin is
0.009 and if you see when the token is
launched which was
0.01 and if you see just after the
launch within the 2 and 3 days the price
went down up to 50%
0.01 and then
0.05 around which is 50% down if you see
this chart let me show you this is the
not coin chart and if you see the price
went up like this is the price when the
token is launched that was around 0.01
so around this price this went up
Suddenly just by the pump from the team
pump from the people who are bullish on
the Note maybe the investor and suddenly
it came down and went up to 50% down
which is around
0.0045 so even the NCoin which was the
first coin and launched at $1 billion
market cap went down by
50% so that was the one scenario of the
sell pressure we have even more sell
pressure here into the docks because
there are a lot of participant into this
docks this is the one aspect second
aspect is this the arrest of the founder
of the T or the telegram ecosystem so if
this fart continues by tomorrow also we
might see more draw down into the market
so if I would suggest what I would
prefer actually this is not a financial
advice to anyone
what I'm going to do is I will be
selling most of my dogs token to the
trading uh and let's see if the price
goes down and down then I will try to
buy at least after 50% down so mostly
there are two case scenario that you can
prefer either you can sell 50% and hold
50% in your wallet in the case price
goes up then you can take the profit and
you can sell 50% just at the time of the
launch so in that way you can have more
of the profit in docks so this is about
the whole economy like how you can
actually maximize dog's profit dogs
airdrop so I would really suggest if you
can sell some amount of your token
because we can see at least 30 to 40%
draw down after the token launch so this
is the one thing second thing a very
quick
aspect how to withdraw these uh dogs
token into real money so what happens is
you might receive these tokens into
either in your exchanges either into
telegram wallet or the third case is
into your ton wallet whether ton keeper
ton Hub or any ton wallet so these are
three
cases the easiest way to cash out these
money is is in India
specifically you have to send these
tokens to the any centralized exchange
whether buybit binance okx or any
centralized exchange and then sell these
token to usdt and then do P2P
transaction and don't forget to pay
taxes for this profit so these are very
simple step just register on the
centralized exchange transfer your dogs
token to the centralized Exchange sell
them for the usdt and then these usdt
just go to the P2P Marketplace and sell
this us usdt for the INR for your cash
into your bank so this is the simple
step if you don't have centralized
exchange if you don't have account on
centralized exchange and if you have
received these tokens into wallet or
whether into T
wallet then these exchanges the these
wallets actually have exchange uh
exchange uh feature so let's let's go to
the screen and you can see what is that
so this is my wallet and if you see if I
go down into the asset section you can
see docks is here I have 31 docks
available and If I click here then again
if you see the transaction history so
okay so nothing is here so there is a
campaign going on wallet earn so
basically they are giving you 300% apy
if you stake dogs token for some days so
that days is 31 31st of August so if you
stake your tokens till 31st of August
you will receive 300% of API which is
really good but this is uh again this is
the way to handle to manage the sell
pressure during the token laun so
basically they are locking the funds of
the user so that price dump situation
arises a bit low so that is what they
want so how you can actually withdraw
these tokens so like I will be receiving
these tokens over here what I would do
is I will go here to The Exchange and I
will select my token maybe dogs here so
dogs is basically not available yet for
the trading I will keep the example of
not here so suppose I have 36 this much
of dogs token then I will be converting
these tokens into into uh usdt so I may
receive like 100 usdt and then I will
exchange it so this is the exchange then
I will receive usdt then I will go to
the P2P market and they have peer
to-peer selling and buying of the tokens
and then you can actually sell and here
once you click on the sell you can see a
lot of orders of the selling and buying
of the
usdt so this is the way of the selling
these tokens through the
wallet so that's all about the Old Dogs
video and I hope you like this
content and see you into the next video
thank you
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