In today's cryptocurrency market, Dogecoin presents a unique value logic. Its value can be seen as an 'enhanced leverage' of Tesla, SpaceX, and PayPal. When you buy Dogecoin, it's as if you hold a special 'debt' of Tesla, except that Musk won't pay you back directly. The price of Dogecoin always fluctuates around this special value, so as long as you can deeply understand Tesla's development trends, navigating Dogecoin isn't difficult.

The current situation in the cryptocurrency circle is quite attention-grabbing and interesting. Bitcoin has evolved into a 'follower' of the US stock market, and its position in the market is almost comparable to traditional safe-haven assets like gold; meanwhile, Dogecoin closely follows Tesla's footsteps, becoming its 'follower.'

For investors, the methods of operation seem to have guidelines. Simply put, if you predict that the Dow Jones Index and Nasdaq Index will rise, then buying Bitcoin is an option; if you believe that Tesla's stock price has upward potential, then Dogecoin is worth considering for purchase.

However, it must be clearly recognized that there are inherent risks. Currently, the Dow, Nasdaq, and Tesla's stock price are all at relatively high levels, and bearish voices in the market are rising and falling, with various potential risks, whether large risks like war conflicts or small risks like tariff adjustments and personnel repatriation, all existing in large numbers. From past experience, when Tesla's stock price doubles, Dogecoin's price may triple, but conversely, if Tesla's stock price drops by 30%, Dogecoin's price is likely to drop by 60%, and Musk will not give investors any advance warning.

When it comes to selling timing, there is no direct causal relationship between the price fluctuations of Bitcoin and Dogecoin. However, once Bitcoin enters a bear market, it is also difficult for Dogecoin to remain unaffected. In a bear market environment, the entire market will face shortages of funds, reduced participants, and a drying up of liquidity. Investors do not necessarily need to rush to buy at the start of a bull market, but must decisively sell when the bull market is about to end, especially when Bitcoin's bull market is nearing its conclusion. Bitcoin's bull market is usually triggered by sufficient global liquidity flowing out. When the US dollar begins to enter a phase of interest rate hikes, balance sheet reductions, and no longer cutting interest rates, it means that Bitcoin's bull market is about to come to an end. The most misleading aspect is that when Bitcoin's bull market is about to end, some altcoins often continue to rise. At this point, it is actually the last opportunity for Dogecoin investors to exit completely. Because Dogecoin, like Bitcoin and Ethereum, has its price movements closely related to the status of US stocks and global liquidity. Therefore, when altcoins just start to rise, the investment risk of Dogecoin is already at a high level.#加密市场反弹