Anyone buying into this crypto? Noticed since Elon made his twitter post, it seems to be making some steady gains.
Should we buy or avoid ?
I don't know where it will go for sure but it's the exact same as bitcoin as that's the joke. There is literally no difference other than the name and that they aren't limiting the supply in the same way which keeps the price down for the time being. I bought around 4k worth total at between .03 and .06 cents.. sold around 40k worth when it hit .39 yesterday and bought back in when it dipped down to around .24 cents..have around 127000 doge coins right now lol. Waiting for it to hit 5 or 10 bucks.
It's another reddit joke and if you were paying attention to GME back in December or January and have seen what GME has done and is likely to do now that the share recall happened you can see the power that the reddit crowd has via numbers even if many of them are buying one share or 10$ worth of doge.
It's simply a numbers game when you have millions of people buying the same thing all at once.
Obviously it's a big finger to mega rich and that's what the point is and while there are plenty that are just in it for the money it's definitely all about fucking the mega rich anyway they can. I'm good with the concept either way.
If I make money cool...if I get to give those fucks the finger at the same time even better. Just don't put your rent money or any amount you can't afford to lose into anything and you can just have fun with it.
What platform do you guys use? I tried on my td ameritrade but no crypto I found binance.com but not sure
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Don't let the popularity of a meme coin curb your entire outlook on the use cases of blockchain technology and crypto currency.
Anyone buying into this crypto? Noticed since Elon made his twitter post, it seems to be making some steady gains.
Should we buy or avoid ?
Cryptocurrency is all speculation. I do not see any reason for rise or fall in value.
Funny the term currency is used with this so called "currency"
If I have a billion turtles and everyone wants a turtle then I'm a rich motherfucker but if no one wants one then I have a billion turtles and that's it. Make sense?
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Do you see any reason for stocks to rise and fall for no reason when the stock valuation has nothing to do with their intrinsic value?
I find it funny that we consider "fiat currency" currency as well so how is this that different?
The only real difference is that it's decentralized and not controlled by a government or the federal reserve.
"Currency" is simply what anyone wants it to be that has value to someone else. Eggs or vegetables were currency at one point and still are in some places even here in America.
If I have a billion turtles and everyone wants a turtle then I'm a rich motherfucker but if no one wants one then I have a billion turtles and that's it. Make sense?
The dollar has no intrinsic value outside of the fact that it is the world currency and is only still that because we keep our guns pointed at everyone....The recent examples I can think of people who spoke out about the petro dollar were Sadam and Gaddifi....both of which we killed.
We're either of them any real threat to us?
No, they weren't. It's not like either was launching nuclear missiles at us or going to invade so no actual threat.
If we take our guns out of the scenario how valuable is the dollar based on the amounts we keep printing? It's a joke from where it was even in my lifetime and when you go back further it becomes more of a joke.
https://www.in2013dollars.com/us/inflation/1900?amount=1
$1 in 1900 is equal to roughly $31 dollars today.
How is this any more nuts than this?
https://www.morningstar.com/news/do...e-stocks-have-rallied-more-than-400-this-year
Same 400% and that was during a "Pandemic"
Skip, remember, the whole “dot com” boom that made million and billionaires was based on nothing tangible. Literally ideas and cyber-shit. That’s why so many came and went. Some came...and keep coming a la Peter North.
My friend calls Crypto a pyramid scheme and I guess I can't argue.This is an interesting topic and wish I had more time on my hands to discuss.
For me, owning a stock like a utility company for example deals in commerce. They sell electricity, they have tangible equipment, power lines and by investing in the utility so they can capitalize on their business they pay me a dividend plus their stock goes up in value based on how profitable they are.
With crypto there is nothing tangible. It is not like a commodity like oil or gold. It all looks like speculation on IF it is going to get bought or sold on a whim.
As to the stocks that went up 400%, maybe that was correct price based on business model and increased sales.
While I agree Zoom had an explosion of business due to covid, I am not sure it was worth as much as the stock price. I would have to see the profit along witrh PE ratio and so on.....
Back then these guy making absolutely nothing you could hold in your hand were getting stinking rich but guys crafting items like boats, furniture and art were making shit cash compared to the cyber guys.I agree, the .com boom and bust was from very scandelece pumping and dumping of stocks and cooked books or accounting.
Capitalism is not without fault that's for sure.
Remember Enron, Health south and others that went to jail. Not exactly related to the .com stocks but those are examples.
I still prefer stocks, not saying any of you are wrong, I just can't wrap my head around it and if I cannot understand it then I don't buy it.
And no I am not some old man set in his ways....
Back then these guy making absolutely nothing you could hold in your hand were getting stinking rich but guys crafting items like boats, furniture and art were making shit cash compared to the cyber guys.
I couldn’t wrap my head around it.
Fast forward and this bitcoin thing was all the rage with my motorcycle forum friends. Buying some sort of computer money for up to $600 even. I thought it was mad. Some of them bought as many as 100 bitcoins!
Fast forward again to around 2017 and I start buying bitcoin to immediately send away for raws. Some coins as low as $5500 or so. I saw no reason to buy otherwise.
Look at it today. I only recently have begun to understand crypto and bought some bitcoin around $25k. I last week bought a shitload of DOGE at .08 andkeep buying more at .25.
It’s worth throwing a grand at if you can buy at 25 cents and forget about it.
This is an interesting topic and wish I had more time on my hands to discuss.
For me, owning a stock like a utility company for example deals in commerce. They sell electricity, they have tangible equipment, power lines and by investing in the utility so they can capitalize on their business they pay me a dividend plus their stock goes up in value based on how profitable they are.
With crypto there is nothing tangible. It is not like a commodity like oil or gold. It all looks like speculation on IF it is going to get bought or sold on a whim.
As to the stocks that went up 400%, maybe that was correct price based on business model and increased sales.
While I agree Zoom had an explosion of business due to covid, I am not sure it was worth as much as the stock price. I would have to see the profit along witrh PE ratio and so on.....