Topic: I Wouldn't Invest $1 In Dogecoin And Here Are 10 Reasons Why - page 2. (Read 713 times)

1. 108 addresses (whales) own 67.34% of all Dogecoins so price could drop 50% in a minute.

2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.

3. Despite what Elon Musk says this coin has no real utility. Even if a company paid with Doge for Musk to send a satellite (because Musk asked them to use Dogecoin) it still doesn't mean a thing. They could have used carrots or Zimbabwe dollars instead.

4. This coin is all about hype. Once the hype is over down it goes. Even if Musk will boost his toy as long as he wants one day he may get bored like all billionaires do.

5. This coin is a meme. A really good one that I've enjoyed myself! We all like good jokes but we also get tired of them sooner or later. A joke is a joke and the joke could be on you.
 
6. Imagine a real corporation/business putting their investments in Dogecoin. You have to be a little insane and there aren't so many dumb people out there as Elon thinks.

7. Elon Musk is a narcissist - he admitted this himself - if you don't know what dealing with a narc is I invite to find out. You're only boosting his ego and I wouldn't dare playing with a narc's toy.

8. Do you think billionaires have any interest for poor people to become rich? Do you? Dream on. You're only making Musk and the whales richer than they already are.

9. This coin is highly manipulated. If you like manipulation go for it. But manipulation doesn't end well in life. Don't be a sheep, use your own mind, don't follow the crowd. Where many follow it's not good in general.

10. Even if it will ever reach $1 this coin is not sustainable in the long run. Musk will have to pump every few days with his tweets. When this coin will worth $1, BTC will easily worth $100K or more. Dogecoin has always been pump and dump, look at the coin's history and look at BTC.

There are a lot of other alt coins much safer and with a better image which can make you rich faster and easier than Dogecoin. You just have to use your mind. Doubling from 50 cents to $1 is not a spectacular gain after all.

When Dogecoin drops like crazy don't come here to cry, you've been warned.

Good luck folks!

They do this because they are trapped from a lot of news on social media, this is a strategy carried out by a very influential person because he can easily implement this strategy to invite many people to buy the related coin asset so that the price goes up
and this method works. in fact their goal is no doubt to take the opportunity this, to get more profit

If you look at majority of the coins in the cryptocurrency market you will find out that a few majority will be holding a large portion of the coin.

Is ETH and XRP any better in terms of the number of coins.

It can be used to purchase goods and services and many gambling sites accepts Doge coin while thousands of other coins are not used anywhere other than a speculation tool.

You can copy the same sentence literally to all the coins in the cryptocurrency space, it is all about hype and you would be foolish enough to think that a single person could manipulate the Doge market.

Started as a meme and so does Litecoin and many hundreds of other coins in the market, they were all created for fun and that does not mean it will be considered shit throughout their existence.
 

Once again gambling sites that accepts Dogecoin will be investing in Doge to hold as reserve.

 Tired of replying and hence skipping the same old repeated question.

The pump in the market cannot happen with a tweet, people are investing money in the coin and so is the reason the value is increasing, every coin is a pump and dump and if you look in that aspect literally each and every coin is a pump and dump.

Thanks for a nice write-up, you truly summarise what Doge is all about and what Elon is doing and those manipulators riding the hype.

And what investors think specially newbies who can really fall for this trap. I do hope that individuals will realised it before it's too late. There's so much money flowing in Doge right now that it may crash after this altcoin bull run and many are going to be trap specially those who bought on top.

Because of that pointers, newbie traders will again confuse about what to do regarding Dogecoin investment.

Just ride the hype but don't get be carried away. Take profits as possible and don't expect a much higher target price. Dogecoin is no doubt one of the good additions to our portfolio but I don't consider it as worthy to hold for long.

I think, that is one of the repercussions in this type of hype.
It(Doge) overshadowed a lot of valuable projects, which need to be promoted to the community.
And since Elon is a very influential man today, almost everyone is following what he says to the social media.
If he can only promote a project/projects that have real applications that can change how a specific industry works, I believe that would be great.
Unfortunately, not many people can imitate the same influence that he has to the public.

Just ride the hype but don't get be carried away. Take profits as possible and don't expect a much higher target price. Dogecoin is no doubt one of the good additions to our portfolio but I don't consider it as worthy to hold for long.

1. 108 addresses (whales) own 67.34% of all Dogecoins so price could drop 50% in a minute.

2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.

3. Despite what Elon Musk says this coin has no real utility. Even if a company paid with Doge for Musk to send a satellite (because Musk asked them to use Dogecoin) it still doesn't mean a thing. They could have used carrots or Zimbabwe dollars instead.

4. This coin is all about hype. Once the hype is over down it goes. Even if Musk will boost his toy as long as he wants one day he may get bored like all billionaires do.

5. This coin is a meme. A really good one that I've enjoyed myself! We all like good jokes but we also get tired of them sooner or later. A joke is a joke and the joke could be on you.
 
6. Imagine a real corporation/business putting their investments in Dogecoin. You have to be a little insane and there aren't so many dumb people out there as Elon thinks.

7. Elon Musk is a narcissist - he admitted this himself - if you don't know what dealing with a narc is I invite to find out. You're only boosting his ego and I wouldn't dare playing with a narc's toy.

8. Do you think billionaires have any interest for poor people to become rich? Do you? Dream on. You're only making Musk and the whales richer than they already are.

9. This coin is highly manipulated. If you like manipulation go for it. But manipulation doesn't end well in life. Don't be a sheep, use your own mind, don't follow the crowd. Where many follow it's not good in general.

10. Even if it will ever reach $1 this coin is not sustainable in the long run. Musk will have to pump every few days with his tweets. When this coin will worth $1, BTC will easily worth $100K or more. Dogecoin has always been pump and dump, look at the coin's history and look at BTC.

There are a lot of other alt coins much safer and with a better image which can make you rich faster and easier than Dogecoin. You just have to use your mind. Doubling from 50 cents to $1 is not a spectacular gain after all.

When Dogecoin drops like crazy don't come here to cry, you've been warned.

Good luck folks!

There are a lot of other alt coins much safer and with a better image which can make you rich faster and easier than Dogecoin. You just have to use your mind. Doubling from 50 cents to $1 is not a spectacular gain after all.

When Dogecoin drops like crazy don't come here to cry, you've been warned.