After a long time relatively normal view from the "other side". But I disagree with this "only" view.
As you say, your view is based
only on profiting. I have nothing again only profiting. It's your choice and there is nothing wrong with that. Profiting is one side of Dogecoin. And god bless peoples like you.
But i see Dogecoin as two sided coin. One side is called "money" - so profiting, second side is called "fun" - so as you say joke.
These sides of the coin are the opposite but same like Jing/Jang.
Value of Dogecoin is bound to "fun" side, not "money" side.When "money" side is growing, then the "fun" side grows more slowly. This then is the reason that "money" side starts to weaken, but the "fun" side will grow faster. Which in turn causes growth of the "money" side. Etc. Etc. Etc.
It's good to have believers in the coin, however, this coin isn't being propped up by the "normal" investors. Once the group of whales decides they are done, it will only be a matter of time before it tanks. Then when profitability leaves, the supporters fade, miners fade and the lights go out. Maybe Doge will beat the odds with the brilliant move to support it at high levels and get people to buy in (literally) to believing that price point was a good one. Market psychology is fascinating.
Regardless, I think we'll both agree that it is a win/win.. I mine 800k to a million a day, and dump it on the market to people that think the price is attractive. Nobody loses, right? Then when it skyrockets, the people I sold to will be happy, and we'll all live happily ever after.
This is no different than politics or religion, people can't take hearing from the other side of their beliefs, especially when written in their "backyard". I applaud you for actually responding in a very intelligent manner.
Yes, DOGE isn't being propped up by the "normal" investors. But is trying to being propped up by the "small" investors.
And what is bigger? 1 "normal" investor with 1 million USD or 1 million "small" investors with 1 USD? I think it is same.
And "small" investors are the people who buy DOGE for tipping. For fun. And tipping is good way how to introduce new peoples to cryptocurrencies.
Yes, it is win/win. In my view even when price dont skyrockets.
I am believer. But I especially believe in cryptocurrencies as a whole.
But, of course, in DOGE i tryst.
But not only it. I am trying to not be blind.