Dogecoin - a joke or a way to make money? - page 20.

bitkanu

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Dogecoin is a joke coin that is also a way of making huge profits.

Doge coin was a speculative coin. It's more than a meme token but people have been using this token as a new way to make profit. So many new millionaires were coming caused by this meme token. People are actively using meme tokens as a way to gamble their money to make it becomes millionaires. This is an old story about meme token. that's just a common thing.

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Here there is Elon Musk who always supports Dogecoin Very happy if you follow the dogecoin chart that continues to rise.

Elon was not so happy again, doge has been getting a new competitor called shiba inu. this token has been performed even better than another people.

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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?

Yes, Dogecoin was made like a joke that has no value and was then abandoned by its owner, but over time Dogecoin was able to bounce back when Elon wrote on his twitter about Dogecoin, from here all investors came and raced to buy Dogecoin. Maybe this is where the big bubble comes from and benefits everyone who holds it. But this is not for the long term and not a way to earn, maybe this can be said to be a bubble that will burst at any moment when Elon leaves it.

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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?

Elon musk is someone we know the father of this dogecoin, so I think as long as he's still promoting it there's no need to worry about bubbles, so we don't know what Elon will do in the future with this Dogecoin, so I think dogecoin has a future except if Elon leaves him

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Dogecoin is a joke coin that is also a way of making huge profits. Here there is Elon Musk who always supports Dogecoin Very happy if you follow the dogecoin chart that continues to rise.

I do not have a problem using Dogecoin to make a profit, although Dogecoin is a joke or meme coin because I can use it for my own benefit. I think I can buy Dogecoin again when the price can dump hard at the market to get many Dogecoin amounts and hold it for a long term until the price increase in the future. Maybe next time, we will see a pump scheme happen to Dogecoin so we can go back to make a big profit from that coin and I think many people are expecting that will happen too.

aprilnot

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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?

everything you say is true. doge can be seen as a joke, a big bubble, or a profitable investment. everything can be done by this coin, so it depends from which angle you look at it. If you're an optimist, you'll see doge as an investment opportunity. but if you are pessimistic, you will only see doge as shitcoin.

Wysi

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Yes no one can deny that the Doge was the first of meme coin which was created for fun and the value pumped during 2017 bullrun which gave it further leverage to sustain, but in 2018 we heard this popular term called shit coins and Doge coin was termed as one of shit coin but today we cannot use this term as it got backing from Elon Musk and he has literally elevated this coin from shit coin to an asset.

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Quote from: Dread Pirate Roberts on October 28, 2021, 03:03:56 AM

You can say doge might be just meme coins that was created based on joke . but doge has been with the crypto community for a very long time. and I myself am one of the doge users who used to be just for fun. and used for microtransactions. after the pump from Elon which made the doge look like a bubble scheme. and to be honest I've never taken coin memes too seriously.

Well, mostly people here didn't take any meme coin seriously since it didn't have any real use case but i don't say it was bad too, As you said doge it's already on the market very long and it's also become alternative coin to sending from exchange to exchange since the was really low but for now i think most of meme coins it just some pump & dump scheme.

Dread Pirate Roberts

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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?

You can say doge might be just meme coins that was created based on joke . but doge has been with the crypto community for a very long time. and I myself am one of the doge users who used to be just for fun. and used for microtransactions. after the pump from Elon which made the doge look like a bubble scheme. and to be honest I've never taken coin memes too seriously.

meldrio1

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Well in my opinion both, dogecoin is a joke coin and can make money as well. There are many people still believe that doge is a good investment because it has strong supporter which is Elon Musk. This year I don't know if it can reach $1 price because Shiba Inu is very trendy now, which means Shiba's taking over the doge popularity.

so98nn

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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?

Playing DOGE with strategies and plenty of money can make you rich quickly.

Somehow DOGE has repeating pattern, could be small change but with the big effect on trading performance.

For example.
DOGE is having good amount of volume everyday. I have observed that DOGE at least go up by 3-4 cents and come down few cents below. This cycle keeps repeating itself over time. Just imagine if you holding 1000 DOGE then you are moving your assets up by 100-200 bucks easily. All you need to do is be patient, get DOGE for the day trading. High volume and less margin could be miracle with this asset.

I would have not agreed to this strategy if this pattern wasn't repeating one, but it seems DOGE is getting played everyday. For sure not a joke coin anymore.

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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 is considered as a meme coin, it has existed for a long time. However, from my point of view, I don't think it's a good investment, it's quite risky. It does not bring real utility or useful solutions, its value is increased by the famous people on twitter. There have been many people who invested in Dogecoin because of its spike in value with the desire to make huge profits, but they also suffered a lot of losses.

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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?

So as to earn on Dogecoin, you are to guess its movement. We know that it pump when Elon Musk tweets something, so you are to guess if Elon will post anything about it or not. I am not in favour of gambling so I don't invest in Dogecoin. I am focused on some projects that bring real utility to this market and are not pumped just by someone's advertisement and are valuable themselves.

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Like any other crypto, dogecoin is also subject to bubbles and pumps. It is up to the person to stay or to leave the market as they please, as it comes with both risks and rewards. I've made some money on dogecoin though I'll admit that it has no real world utility at all. Perhaps people can say that its fast transaction time is an edge against other coins, but given how many coins are out there with similar or better specifications, with more focus on real-world utility, why would anyone pick a meme coin over them?

Then again, value is perceived by people, and if they think something is worth anything, they'd pay for the price they think is fitting for it.

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This is like an unworthy thing that turns into a worthy thing.
Well, we all know the journey of Dogecoin, Many people underestimate this coin after some years, it is bumped.
Because of Elon and also some certain conditions supporting at that time, Doge can really jump high like a skyrocket. Many people got Doge from faucets and because rich shortly.

The pump of Doge also rises up many more meme coins to compete with each other. But so far, Shib is the best competitor for Doge.
BUt we must be careful with this kind of coin because meme coin is very risky and we may also lose our money if carelessness.

TimeTeller

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Quote from: JeWay on October 27, 2021, 07:44:23 PM

Quote from: Jeger.Kiting on October 27, 2021, 11:03:38 AM

This is a trap for the whales to make them profit on Dogecoin, so don't expect that you will get a profit by investing your money in Dogecoin, and it certainly happens, many are trapped in prices that seem to be going up drastically and dropping suddenly. ..

Any memecoin always has the potential for a sudden pump and dump because memecoins are always able to be toyed with by whales whose only goal is to double their money before they go to another coin, so it's true as you say this and everyone is very need to be aware of this before choosing it

This is like you are in gambling, you have no certainty about the future of the coin.
But the good thing with doge is even if the hype for meme is over, they will not be phased out in the market.
They may go down to where it was but it will not disappear, because its market has long been established.
But for these newly-created meme tokens, I am guessing most of them will disappear once the attention for meme coins die down.

JeWay

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Quote from: Jeger.Kiting on October 27, 2021, 11:03:38 AM

This is a trap for the whales to make them profit on Dogecoin, so don't expect that you will get a profit by investing your money in Dogecoin, and it certainly happens, many are trapped in prices that seem to be going up drastically and dropping suddenly. ..

Any memecoin always has the potential for a sudden pump and dump because memecoins are always able to be toyed with by whales whose only goal is to double their money before they go to another coin, so it's true as you say this and everyone is very need to be aware of this before choosing it

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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?

It's just a big bubble, that's right. Doge, Shiba, Floki and all the other meme crap - they worth nothing.
But the answer to the other part of your question is also "yes" - it's quite real to earn here while we have such a growing crypto market.

cryptomaniac_xxx

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Well it was known to be a a meme coin before and will remain like that for many years. Is there a utility for Doge? none, it's just it gain the attention of many investors like years because of Musk. So the hype train continues, but you have to remember that majority of Dogecoin address belongs to only a few investors, and they are the now making money out of some noobs who are pouring their money on it. And then when it burst, it's going to be hard to take because they thought Dogecoin can rise parabolic, which is not true at what ever angle you look because it's simply a pump and dump.

seleme

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It is a kinda big bubble for smart investors, it can be a speculative tool for the big whales. Speculation is real around meme tokens, so don't expect a huge return if someone gonna dumps a huge bag on the market buy orders. The speculation is at its highest level, no one should expect huge returns if the market whales decide to dump the whole market. The meme coins have no future, something that can be produced every 10 mins can't be valuable in the future. Just for fun, it is worth to short-term trade, nothing else, in my opinion.

DarkDays

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If you think about it, is there a difference between Dogecoin being a joke or a way to make money? The way I see it the two are interchangeable.

People can say what they want but when you look at those who hold Dogecoin there's a clear definition that most don't understand it but only hold it because of the hype, and another set of people that are too absorbed into it when there's actually no value derived from it whatsoever.

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