$DOGS Sell or Hold ? | Dogs token price prediction🦴

Summary

The 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

00:00

📅 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.

05:00

💡 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.

Keywords

💡Token Launch

Token launch refers to the event when a new cryptocurrency token becomes available for trading on exchanges or other platforms. In the context of the video, the 'Dogs token' is set to launch on the 26th of August at 5:30 PM Indian time, marking a significant moment for investors and traders who have been anticipating its release. The video discusses strategies for managing the tokens post-launch, such as selling or holding them.

💡Airdrop

An airdrop is a marketing strategy used by cryptocurrency projects to distribute free tokens or coins to existing holders of a particular cryptocurrency. The video mentions that around 400 billion 'Dogs tokens' will be distributed to people, which is a form of airdrop. This is a key aspect of the video as it discusses the implications of receiving such airdrop tokens and how to manage them post-launch.

💡Telegram Wallet

A Telegram Wallet is a digital wallet service often integrated within the Telegram messaging app, used for storing and managing cryptocurrencies. The script mentions that most of the distributed 'Dogs tokens' are in Telegram wallets, indicating the platform's role in the distribution and management of these tokens.

💡Centralized Exchanges

Centralized exchanges are platforms where users can trade cryptocurrencies against other digital assets or fiat currencies. Examples mentioned in the script include Binance, OKX, and Buyit. These exchanges are crucial for the video's narrative as they are the venues where tokens like 'Dogs' will be traded post-launch, and where users can potentially sell their tokens.

💡Sell Pressure

Sell pressure in the context of trading refers to a situation where there is an abundance of sellers in the market, which can lead to a decrease in the price of an asset. The video discusses the potential for sell pressure on 'Dogs tokens' post-launch due to a large number of participants looking to sell their tokens, which could impact the token's price.

💡FUD (Fear, Uncertainty, and Doubt)

FUD is a term used to describe negative sentiment or news that can influence the market, often causing panic selling. The video references FUD surrounding the arrest of Telegram's CEO, which could influence the market and potentially lead to a drop in the price of 'Dogs tokens' after the launch.

💡P2P Transaction

A P2P (peer-to-peer) transaction refers to a direct exchange of goods or services between two parties without a central authority. In the video, P2P transactions are discussed as a method for converting cryptocurrency, like 'Dogs tokens', into fiat currency (INR) through a marketplace on centralized exchanges.

💡UST

UST (Tether) is a stablecoin, a type of cryptocurrency designed to minimize volatility by pegging its value to a reserve of assets, often a fiat currency like the US dollar. In the script, USDT is mentioned as an intermediary currency for converting 'Dogs tokens' into a more stable asset before performing P2P transactions to cash out.

💡Market Cap

Market capitalization, or market cap, is the total value of a cryptocurrency's circulating supply and is calculated by multiplying the current price by the number of coins in circulation. The video refers to the 'NCoin', which had a market cap of $1 billion at launch, to illustrate the potential volatility and price changes that can occur post-launch.

💡Staking

Staking is the process of participating in a cryptocurrency network's consensus by holding a certain amount of tokens to support the network's operations and earn rewards. The video mentions a staking opportunity for 'Dogs tokens', offering a 300% APY if tokens are staked until a certain date, which is a strategy to manage sell pressure and incentivize holding tokens.

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