Dogecoin - a joke or a way to make money? - page 14.

mamesso

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Quote from: Abiky on November 17, 2021, 10:00:52 AM

Dogecoin was originally created as a joke. Even developers said so. But things went into the other direction after Elon Musk started shilling it across social media platforms. Now most people see Dogecoin as a serious cryptocurrency for day-to-day payments. It may not be an ideal long-term investment, but it's a great little coin for micropayments. You can make money with DOGE if you take advantage of its ups and downs. The endless supply of DOGE tells us that the cryptocurrency works more as digital cash than a store of value. Price per coin doesn't matter as long as you're able to make good use of it. Knowing that Dogecoin has survived for quite a long time, it's unlikely it'll fade into oblivion anytime soon. Just my opinion

The Dogecoin phenomenon has recently attracted investors' interest. Because dogecoin often gets the spotlight and support from famous people like Elon Musk and Mark Cuban. Initially Dogecoin was introduced as a joke coin. Until finally its popularity shot up because it was able to attract the attention of the online community.
Despite its growing popularity, there is a big risk investing in this meme coin. Although dogecoin has been around for quite some time in the crypto market, dogecoin is not one of the best coin for me.

darmin

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Everyone once doubted the doge and talked this was just a big bubble. But that's precisely what makes the doge community even greater with their power to lift the doge continues to increase every year can even penetrate the top 10 on coinmarketcap. So this is no ordinary big bubble. It is a large, strong and thick bubble.

DeathAngel

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It’s not a joke but it’s not something I invest in for many reasons. I don’t like the fact such a huge% of supply is owned by a few people. I don’t like the massive supply cap. Some people make good money in it but it’s not for me.

jeungo

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Today I invested 1 dollar in a coin that showed 300x, as I understand it, the crazy hype around meme coins makes real money. I don't understand how it works, but practice shows if you can make money in time. I would also have an understanding of how to get information about profitable projects. Dogs bring money, now they are.

ahoenk

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Dogecoin is the lite version of bitcoin doge is better then any other coin out there. No matter what people says about it, i think somedays doge will be used for daily transactions. Its anomaly but always happen, meme become usefull

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Quote from: livingfree on November 17, 2021, 05:36:22 PM

Both.

A joke coin that has made a lot of people made money. That's it and it keeps on being traded for others to make money from it.

It's good as a joke or meme coin but everyone can trade and make money with it because of large volume.

Investors who followed the hype of DOGE when Elon tweeted on it are the ones who gained most of the profits on it.
Those who risked their moneys in DOGE are the ones who are happy on it.

On the other hand, many consider it as a joke coin because it really is created as a joke coin or a meme coin for others but these meme coin made riches for most of the investors out there so I agree that DOGE is both a meme coin and a money making coin (only for some).

DOGE can be a meme coin and a money making coin or the other way around. We know that following the hype is a high risk but low to moderate reward. What if you bought at the peak then you will not gain much money compare to what you can lose if it goes down. After all, DOGE has been there for a quite some time and many made riches by trading it and many will in the future.

Abiky

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Quote from: livingfree on November 17, 2021, 05:36:22 PM

Both.

A joke coin that has made a lot of people made money. That's it and it keeps on being traded for others to make money from it.

It's good as a joke or meme coin but everyone can trade and make money with it because of large volume.

It's a joke coin that's not meant to be used as a long-term investment. You can still make money out of it if you play your cards right, but I wouldn't use it seriously as a store of value like Bitcoin. It's all pure speculation if you ask me. With Elon Musk manipulating its price all the time, I wouldn't count on it as something you can use on a daily basis. The risk is simply too high to bear. People are just pouring money into Dogecoin because they're following the hype. They'll be all "rekt" once it goes all the way down the drain. With better coins out there on the market, people will soon abandon Dogecoin for the next big thing in crypto. Just my opinion

Kez1817

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Dogecoin exist in crypto space more than years but still have value until now. So, I thinks it's not a joke. It just so happens that the supply of dogecoin is too large and the value increase depends on whales and news like what Elon Musk did. But it has huge marketcap and I believe that it will stay and useful in crypto space as long as there is demand.

savetheFORUM

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Quote from: luckypenguin on October 27, 2021, 05:27:01 AM

Everybody knows that Dogecoin was created as a joke, but now it is worth real money. Do you think it is real to earn on it or it's all a big bubble?

Even though it is being said that Dogecoin was created for a joke, it’s not really a joke. Despite being called a joke, the developers still had plans to make money with it and for it have value. Maybe they thought that it was not going to be as successful as Bitcoin, so that’s why they said it’s a joke. But to their surprise it happened to have a large following and increased in value. So if you ask me I would say that it is meant for making money.

If it was a joke then it wouldn’t be worth anything at all at this point. But for the fact that there is money in involved and it has a huge market cap, don’t you think that we should stop referring to this coin as a joke?

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Quote from: luckypenguin on October 27, 2021, 05:27:01 AM

Everybody knows that Dogecoin was created as a joke, but now it is worth real money. Do you think it is real to earn on it or it's all a big bubble?

I'm not saying that dogecoin is a joke, until now the price of dogecoin at the end of this year is still high, from the first time it appeared on the crypto market the price of dogecoin is very cheap, so I believe that dogecoin is a long-term investment, and a speculation tool has proven to be a good tool .

nikola22

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Quote from: gurunanakji777 on November 16, 2021, 10:53:07 AM

Till last year most of us not taking this coin as seriously neither most of us consider this coin as a good investment but the moment Elon bought Doge things changes drastically for Doge buyers and holders. Now we can see on coinmarketcap a huge no of holders are there of Doge So according to the present market conditions it's worth to have but I am still uncertain about the future of Doge.

Dogecoin showed to all that in one moment even joke could be very serious. now DOGE is in top-10 coins by market capitalization and who knows how high it can go.

livingfree

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Both.

A joke coin that has made a lot of people made money. That's it and it keeps on being traded for others to make money from it.

It's good as a joke or meme coin but everyone can trade and make money with it because of large volume.

CapGelatik

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your question is very interesting, joke? or make money? the answer is one! make money!,
why? because Dogecoin has been trusted by one of the richest people in the world, namely Elon Musk,
and reportedly in 2022 there will be a rocket flying to the moon with the name Doge Space, how about it? do you think this is just a joke? haha of course not

Abiky

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Quote from: mamesso on November 16, 2021, 01:11:24 PM

Lol, Wasn't Dogecoin originally created as a joke on the internet for cryptocurrency fans. Then how do you say Dogecoin is not a Joke coin.?
Doge is not like Bitcoin and is more like DASH or Bitcoin Cash, Its intended use is the currency of expenditure, not a long term investment.
although dogecoin is able to provide competition with other coin in the cryptocurrency market. But basically Dogecoin is just a Joke coin.

Dogecoin was originally created as a joke. Even developers said so. But things went into the other direction after Elon Musk started shilling it across social media platforms. Now most people see Dogecoin as a serious cryptocurrency for day-to-day payments. It may not be an ideal long-term investment, but it's a great little coin for micropayments. You can make money with DOGE if you take advantage of its ups and downs. The endless supply of DOGE tells us that the cryptocurrency works more as digital cash than a store of value. Price per coin doesn't matter as long as you're able to make good use of it. Knowing that Dogecoin has survived for quite a long time, it's unlikely it'll fade into oblivion anytime soon. Just my opinion

mamesso

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If coins like Dogecoin can be taken as a joke, then other memecoins will also be considered a joke and even worse even though anyone can make money there too without thinking about the risks.

Lol, Wasn't Dogecoin originally created as a joke on the internet for cryptocurrency fans. Then how do you say Dogecoin is not a Joke coin.?
Doge is not like Bitcoin and is more like DASH or Bitcoin Cash, Its intended use is the currency of expenditure, not a long term investment.
although dogecoin is able to provide competition with other coin in the cryptocurrency market. But basically Dogecoin is just a Joke coin.

matchi2011

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I have often heard negative things about DOGE since 7 years ago, always getting negative responses from many people but the fact that it has survived until now and is ranked 10th out of 13k more officially registered coins, this proves DOGE is a good coin and deserves our choice investment.

Most of those who didn't believe are now haters Grin

Doge continue to stand still even with a lots of negative
opinions, it was created for fun and start the venture of all Meme inside this market, but look at it still moving
and still sutviving, you need to have a good mindset if you plan to invest with Doge, buy ow and sell high, it's
important practice not to lose your patience of waiting.

mamesso

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Quote from: luckypenguin on October 27, 2021, 05:27:01 AM

Everybody knows that Dogecoin was created as a joke, but now it is worth real money. Do you think it is real to earn on it or it's all a big bubble?

Dogecoin The most valuable Joke in the world. Elon Musk jokes are a blessing to some investors. Yes, It only takes one joke to turn Dogecoin into a money making machine.
Most people don't have high expectations about Dogecoin. It is clear that Dogecoin is made of a joke and has no intention of conquering other popular coin. However it is surprising that the price of Dogecoin goes up in every bull market.

Nahl

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dogecoin is not joke coin currently and this altcoin has been change from underrated coin to valuable coin and honestly i'm the one of the people who underestimate dogecoin future because the price was very stuck cheap several years ago even i used to buy this coin for collection only not for investment purposses because i thought the price will not high in the future but seems i clearly wrong about it and dogecoin has been proven that being an the coin from zero value to valuable coin

gurunanakji777

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Till last year most of us not taking this coin as seriously neither most of us consider this coin as a good investment but the moment Elon bought Doge things changes drastically for Doge buyers and holders. Now we can see on coinmarketcap a huge no of holders are there of Doge So according to the present market conditions it's worth to have but I am still uncertain about the future of Doge.

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Quote from: Mehedi72 on November 16, 2021, 08:58:29 AM

Dogecoin may created as a joke but after that, its potential was start increasing and with effort of doge team, it was able to archive good position in crypto market without hype. Lots of people was using doge for cheap fee since it created. I must say, dogecoin provided lots of opportunities for us and make new Millionaire! Even after end of hype, dogecoin still stable on its position. It might be dump due to lack of support and good management but still it can be considered as top coins

If that is the main purpose which is to provide cheap transactions then I guess the purpose is gone now because DOGE coin price is already high and therefore transaction is not cheap anymore. Actually, it's not the team who made an effort to pump DOGE but it's Elon Musk because he uses his influence to hype the coin and now already in the top 10 in terms of marketcap.

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