I do not get why he picked doge, that's the weird part. I mean he could have picked any coin that actually had a meaning, but he went along with a "meme coin" instead because it was funny. When you look at the finances and the underlying code, dogecoin is one of the worst coins out there, it is centralized with few people having most of it, it is boring old way of blockchain, it has no usecase, it is basically just a meme coin.
Back in the day I bought some as well because we were donating to some charity and I wanted to be a part of that so I bought doge and donated that to help people out, that was a good reason to buy doge, but buying it to make money? That was never a good reason until Elon showed up, not people think it is smart to buy doge, where in fact the only reason to buy is elon, and that one day will end and the price will crash very hard.
Back in the day I bought some as well because we were donating to some charity and I wanted to be a part of that so I bought doge and donated that to help people out, that was a good reason to buy doge, but buying it to make money? That was never a good reason until Elon showed up, not people think it is smart to buy doge, where in fact the only reason to buy is elon, and that one day will end and the price will crash very hard.
I have been seen some millennials shilling dogecoin on twitter and their tweets don't have anything useful about the project other than the fact that it would pump, pump and only pump. A lot if those dogecoin army members know this but they don't mind as far as their bag gets more worth anything Elon Musk tweets about doge. The bear market doesn't come for the next couple of months so I think we would still see some upside movements for DOGE. Most meme coins in the space today have been pumped very much just like dontbuymeme. This SNL event should pump up doge price more if BTC doesn't take a dive.
