Dogecoin - a joke or a way to make money? - page 21.

Quidat

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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 could still say that its still money because it does have value even though it was called meme coin but it does still have actual relevance on its existence it is just people do really make out some names but doesnt mean that its totally shit or worhtless at all.
You could make out money on simply making out trades yet price is still moving somehow if you do know on how to make
out some trades then you would be finding out to be considerable.

samcrypto

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

Investing is not a joke for me so if you are going to deal with DOGE you can consider that as your investment and since your money is involve here, you should take this seriously. DOGE is a hype token it can pump and dump at any time so its risky if you didn’t know how to deal with this. You can make money here, but the risk is very high so consider this.

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Quote from: Nazmul012 on October 27, 2021, 03:33:55 PM

First doge was created as meme coin as joke. After elon mask start hype with doge, it raise up unexpectedly and people was thinking it as a real money making valid currency as well as good for long term investment. But now elon suppose to be silence, hype is about to end ans doge lost its value. And now people start thinking dogecoin as a bubble and it become turn into a joke again.

To be fair doge was pumped well before Muskrat came along. And again pumped suprisingly well - and then pumped again on the crypto rebirth. Musk was just a shill who helped out.

I think part of it is the viral or 'meme' nature of it, it has a natural pumping base due to this viral spread, but this might also be its downfall because if this is why it is spreading then what will keep it going once the joke dies like other memes? I would like a coin which spread virally for sure but actually keep going.

Not against doge just skeptical of long term prospects. You can argue it has 'been around long already' but not really, none of these coins have been around that long and their usage is still mostly theoretical.

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First doge was created as meme coin as joke. After elon mask start hype with doge, it raise up unexpectedly and people was thinking it as a real money making valid currency as well as good for long term investment. But now elon suppose to be silence, hype is about to end ans doge lost its value. And now people start thinking dogecoin as a bubble and it become turn into a joke again.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

Majority of the projects that were created was a joke until it reached a certain valuation and a lot of followers behind them. The case with Dogecoin is that it was created as a meme coin but everything changed drastically when Elon Musk started shilling about them in social media and now that the market is in a bull run it had the impact. If you are going to invest in Dogecoin now you might end up loosing because you do not invest when a market is rallying unless you want to ride the rally which is off course risky.

illiki23

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Not saying it is a bad coin, just the way I see it is people are in it for two reasons: it is funny, and everyone going to the moon. As for the first one: how long does a meme last on the internet? That is to any given user how long will a joke remain 'interesting'? Compare that to the question of how long will money remain 'interesting'? Jokes die but money (and other assets) will be in demand forever. As for the second one yeah that is pyramid scheme logic.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

We can call it a big bubble that happened, because the price of Dogecoin bull run reached $0.7 from zero, and after that it dropped to $0.2 to date. Maybe the next bull run is not so beautiful on Dogecoin. Bitcoin has experienced ATH twice this year, meaning that it has passed the previous ATH, Dogecoin should have followed suit. Meanwhile Dogecoin is still at $0.2. However, Dogecoin has provided a great opportunity for those who hold it for a very long period of time. All have been positive with Dogecoin bull run in the last few months.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

They have been in the market for many years and still survived. And in the last year, it shows a huge growth and takes to Elon Musk for shilling for it.

Of course, it's worth the money now, as the price has gone up with huge returns to the investors already. Doesn't matter if it's a bubble or not, we are still in the bullish phase, every coin has reach it's all time high. And obviously, when we hit a bearish cycle again, not only Doge but all coins are going to suffer worst. So just take advantage of the situation, make money out of it, simply as that.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

Many people do not think that Dogecoin can be a big money maker. but maybe we can prove at least 1 year from now whether dogecoin can survive and increase or stagnate in its current position without any development.
so proof of dogekoin can be seen at least 1 year in the future

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Quote from: luckypenguin on October 27, 2021, 04:27:01 AM

Everybody knows that Dogecoin was created as a joke, but now it is worth real money.

When the doge coin listed on exchange site and it could be considered as a meme token worth for money. TBH doge coin was a meme token to be used as a tipping only but with the time goes and it was getting evolved and people are calling it as a meme token that will replace fiat currency. Cheesy

Quote from: luckypenguin on October 27, 2021, 04:27:01 AM

Do you think it is real to earn on it or it's all a big bubble?

It's real to earn if you can mine it use your rig but when you can't do that and that's only a bubble for the speculation purpose. I must also remind you that if doge coin can be mined for real like bitcoin and ethereum. Crypto was a bubble when it comes to the speculative asset but it's not only happening with the doge coin but almost all of crypto assets can be considered as bubble with it comes to the price speculation. Big bubble already burst and doge coin was going back again as a small bubble that will become even bigger from time to the time.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 AM

Everybody knows that Dogecoin was created as a joke, but now it is worth real money.

It's worth with real money because it's part of the market but being not in the market, it's just going to be the same as the others, as a joke coin.

Quote from: luckypenguin on October 27, 2021, 04:27:01 AM

Do you think it is real to earn on it or it's all a big bubble?

It's real to earn with it. You're seeing its value and people who have held it for a long time, they're likely millionaires now. Those who have sold at the peak.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

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. ..

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Quote from: mardaed on October 27, 2021, 06:32:57 AM

It depends on what you believe. I do believe that its a good way to earn real money but be careful we don't know what will happen anytime and so what I did is only day trade and I mostly missed some pumps maybe we should keep a little for savings but majority of the fund to day trading.

I think that is effective strategy.

I also run a strategy that is almost the same as this because what I keep for the long term are Bitcoin and Ethereum only, while the others I use for daily trading to earn income in circles and I have been doing this for 2 years and until now I still enjoy it.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

IMHO, I think in reality it's a joke because it was a meme coin at first, and that was her purpose, but things have changed now because many investors are willing to gamble and pour real money into the meme coins that's why meme coins become liquid, so it is not a joke anymore because it has already a big-money involve in the process thats why meme coins are gaining much value.

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Dogecoin is definitely not a joke. Dogecoin is supposed to be used for reward for it's community of meme group. Dogecoin make Cryptocurrency very fun in it's early days and dogecoin has grown so much in value this year. Elon musk have seen to it that dogecoin became popular that it had ever been. Just like any altcoin, you could trade dogecoin for profit or speculate on it's price for investment purposes!

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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 depends on what you believe. I do believe that its a good way to earn real money but be careful we don't know what will happen anytime and so what I did is only day trade and I mostly missed some pumps maybe we should keep a little for savings but majority of the fund to day trading.

I think that is effective strategy.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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 a popular alt coin these days with many investors here on the forum either owned some in the past or still hold some today. The project may started out not so serious, but today it's definitely not a joke project anymore. There are plenty of shit coins out there which are still attractive for investors, so why should Dogecoin be so? Personally I still own some doge from the past and didn't sell any this year. Maybe it was the wrong call to not sell in the last rally, but there can always be another bull run around the corner. The reasons why I didn't sell my coins are that there are famous investors like Elon Musk who likes the coin, another few positive comments from him could increase the price again. And Dogecoin is a very famous coin now, a lot of media was following doge during the last rally. With so much attention from the media we could see a new ATH next year.

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I really do started as a joke but right now people are thinking this is a good investment and Elon said that he will make Dogecoin useful so I think in no time it is a good idea to make money and I already invested to it, who knows right? It's better to have some Dogecoins on my wallet.

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Quote from: luckypenguin on October 27, 2021, 04:27:01 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?

Maybe they just started as a meme coin but of course we don't know how those tokens have been improved in a while. You can't also ignore that this project head is Elon Musk. Not exactly but we all knew that basic of crypto is buy and sell, if demands are that high and bounded by hype then even its a shitcoin its gonna pumped.

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A big bubble that will burst as soon as the meme dies. There's no real utility. You could call DOGE transfers cheap before, but now they're quite close to BTC when it comes to fees. Other than that, there's nothing much besides Musk pumps and dumps and eventual hype that dies out at some point anyway.

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