Topic: Why Dogecoin Is Crypto's Most Dangerous Joke (Read 597 times)
Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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Initially Dogecoin was created just for fun and not to be taken seriously, but the trend created by Elon Musk caused Dogecoin to rise, this makes the risk for those who follow the Doge trend even greater, especially if the expectations are too high to reach the predicted new ATH. will reach $1, but as a result many people lose their money instead of making a profit. Ha ha https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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No.
In all honesty the people writing most of these articles don't know anything about crypto. Doge is the fad of 2021 so to get clicks you have to write about it. Since SNL when it peaked at 1250 sats it's come all the way back to now 380 sats. It just keeps pulling back. And once there is an alt bear with doges endless block rewards, coins will be flush on the sell sidearm will tank back under 50 sats where it started.
Exploit the stupids in the market still have consequences tho. Maybe not for Elon and those memecoin makers but for the crypto market as a whole. Think it like back then with ICO scam than force enough people stay away from anything of it.
They'll soon realize what they've been doing wrong and it's up to them if they'll worship someone who's high enough and idolize it with his suggestions. Credit him for deeds outside crypto but when it comes to the shilling, it's onto the next level and many will complain later that they shouldn't have followed him or anyone that has a lot of influence to manipulate the market. There's nothing free in this market and every action they take, it's going to have an equal reaction.
Is it a joke? Yes.
Is it dangerous? No.
I think that people can have a bit of fun to speculate on Doge and other meme tokens. At the end of the day, they know what they're doing with their capital and they can make their own consenting decisions about what they want to do with it.
Price crashing is a real prospect but the consequences are limited to speculators who knew the risks.
Is it dangerous? No.
I think that people can have a bit of fun to speculate on Doge and other meme tokens. At the end of the day, they know what they're doing with their capital and they can make their own consenting decisions about what they want to do with it.
Price crashing is a real prospect but the consequences are limited to speculators who knew the risks.
OF course. a token with no usecase and just the backing of a millionaire. Dogecoinn offers nothing but just a Meme coin with an unlimited supply. Elon did all the best he could t make sure the token move up the coinmarket. it highlights how millionaires can influence the market. i strongly believe that there are billionaires controlling the crypto market and this is were it is different from the traditional market.
It is a joke and so are the people who would willingly choose to buy into the hype.
But at the end of the day it's not malignant. It's not like it harms crypto.
Sure, you could argue that it gives crypto a bad rep given its volatile status and such. But compare that to stuff like actual scams like Bitconnect and CBDCs and very soon you won't bat an eye at it.
But at the end of the day it's not malignant. It's not like it harms crypto.
Sure, you could argue that it gives crypto a bad rep given its volatile status and such. But compare that to stuff like actual scams like Bitconnect and CBDCs and very soon you won't bat an eye at it.
Its not harm crypto, but its hard to believe that sometimes investors prefer that meme coins over real projects on crypto. It would make some good coins lack of investment and its not really good.
It shows the true nature of people in crypto: pure greedy and ready to spend their money on anything holding the illusion 'you will be rich. I think if any of you are into the crypto long then you will understand this. No more crypto become top CMC because it was actually good with the technical aspects, a working product with many use cases and users.
Yes, agree here even now we have some more meme coins like this which are going to hurt very badly this all crypto world just few greedy peoples hyping and with their assets they are bringing more profit from newbies pocket. Too many peoples will also lose confidence on crypto because this all creating feud and peoples having this though all about crypto. But, sadly we have nothing to do with this as we have no central authority about handling scams like this, peoples like Elon Musk are going to take good advantage for long time. Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price
Unfortunately, many people are involved in this FOMO. Many of them don't really care about the purpose or use-case of Dogecoin, they only see how the price of Doge skyrocket. Moreover, they know if a popular person like Elon Musk and Vitalik supporting this coin. So, people don't care about the fundamental aspect of Dogecoin, just focus on the hype. I assume some of them just plan for a short term, but when they buy at the wrong time, it leads them to hold a long time. These people probably are spreading the rumors of $1 Doge price, they are trying to attract people to keep buying at a high price. This is one of the examples of the risks, trapped in buying at a high price before the big decreases. 
Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price
Unfortunately, many people are involved in this FOMO. Many of them don't really care about the purpose or use-case of Dogecoin, they only see how the price of Doge skyrocket. Moreover, they know if a popular person like Elon Musk and Vitalik supporting this coin. So, people don't care about the fundamental aspect of Dogecoin, just focus on the hype. I assume some of them just plan for a short term, but when they buy at the wrong time, it leads them to hold a long time. These people probably are spreading the rumors of $1 Doge price, they are trying to attract people to keep buying at a high price. This is one of the examples of the risks, trapped in buying at a high price before the big decreases. The usefulness of the doge is not too important for them the most important thing is how to follow and get a good position when the billionaire pumps the coin.
I really don't understand the joke about dogecoin. I mean, 28% one wallet, it has no limit, ... Why the hell you're mining Doge, only cause it is profitable? You don't know how long... Why the hell you get focused on? Spend your time on valuable coins like Litecoin (Scrypt too) or perhaps Litecoin Cash, or Bitcoin, ...
A dog? Really?
To your wife: "I bought our new car with doge!"
To your wife: "I bought doge for retirement!"
Really? REALLY?
A dog? Really?
To your wife: "I bought our new car with doge!"
To your wife: "I bought doge for retirement!"
Really? REALLY?
It is a joke and so are the people who would willingly choose to buy into the hype.
But at the end of the day it's not malignant. It's not like it harms crypto.
Sure, you could argue that it gives crypto a bad rep given its volatile status and such. But compare that to stuff like actual scams like Bitconnect and CBDCs and very soon you won't bat an eye at it.
But at the end of the day it's not malignant. It's not like it harms crypto.
Sure, you could argue that it gives crypto a bad rep given its volatile status and such. But compare that to stuff like actual scams like Bitconnect and CBDCs and very soon you won't bat an eye at it.
Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price
Unfortunately, many people are involved in this FOMO. Many of them don't really care about the purpose or use-case of Dogecoin, they only see how the price of Doge skyrocket. Moreover, they know if a popular person like Elon Musk and Vitalik supporting this coin. So, people don't care about the fundamental aspect of Dogecoin, just focus on the hype. I assume some of them just plan for a short term, but when they buy at the wrong time, it leads them to hold a long time. These people probably are spreading the rumors of $1 Doge price, they are trying to attract people to keep buying at a high price. This is one of the examples of the risks, trapped in buying at a high price before the big decreases. 
Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward.
Most dangerous joke? It didnt do anything but rather serve as its purpose and yes its cheap and fees are so to. When it comes to utility then this is something much better than with other alts in the market.
Cant really blame off on why there are people whom do recognize on making out actions on hoarding and make use of Doge.
but when looking in the mirror about the past few years when doge was still a coin that was only underestimated and used only because the transfer fee was very cheap, I think it is still very reasonable when using this coin for the long term.
but now it's not a good thing to do because the position of doge which until now is still a pum and dump coin and coins that are indeed billionaire manipulation are still nicknames for doge.
it's not wrong for those who want to hold it for the long term because here there is no coercion and prohibition for this, but when doing so means you have to be prepared with the consequences and the worst that will happen.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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It is not really that long. I was able to read it in less than 5 minutes. Well, the good thing about this article and about DOGE in general, is that people like are not attracted nor will never be attracted and invest with the said coin. What I think of it before is the same thing that I am thinking of it now, it is a toy coin and I can use it to introduce people to cryptocurrency, what it is and how it works. That's it. Spend 10 dollars and you will be fine. No regrets.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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No one predicted the price of Dogecoin to reach $0.73. This is why some people think that Dogecoin is a dangerous joke. Furthermore, the current dump as if it will never return to ATH ever happened. Elon Musk who was once present for Dogecoin, is now talking about another token in a recent tweet. This signals that Dogecoin will not provide a positive value if Elon Musk leaves it.
The thing is that the man Elon Musk became the driving force for Dogecoin and seems to me that he is not enough to sustain its rising value so there must be more in Dogecoin to make it stay valuable. Well, even the founders of Dogecoin were so surprised why people then started to push this meme coin to the top. I think what is happening with many "valueless" NFT assets can be likened to what happened with Dogecoin and they can be dangerous in the sense that the value can fall anytime that low and there is less chance of recovery not unless Elon is on the scene propping it up all the time.
There were certain conditions why Elon Musk chose Doge to pump at that time and now he seems like leaving DOge. And we don't know whether it will pump again because of him or not. But at least, Doge at that time is there because of the tweet from Elon Musk.
However, right now I heard that the DOge team has been added and they have much better team members. It may lead Doge to be much better again. But let's see because it is still ongoing and we still don't know the results. Just be wise and careful when there is a sudden pump price on this coin and also other hype coins.
However, right now I heard that the DOge team has been added and they have much better team members. It may lead Doge to be much better again. But let's see because it is still ongoing and we still don't know the results. Just be wise and careful when there is a sudden pump price on this coin and also other hype coins.
Absolutely agree, its like a ponzi mechanism with many whales among ecosystem that ready to take profit when the price pump.
If you mean the price of Dogecoin is increasing because of the factors of manipulation made by whales, even top altcoins also have the same way. So, I am not sure to say it is a Ponzi scheme, it is different. I think it is a fact that all people involved in crypto must admit, the whales' power has a big role in the crypto ecosystem. The whales can lead the price to have a pump or a dump in a certain time. They take advantage of this scheme.This is the reality that happens in the crypto world, for whales who have very large amounts of capital can manipulate prices in the market. People who
have been in the crypto world for a long time should be aware that whales will use their advantages to generate the maximum profit. Not only
Dogecoin is often used by whales to pump and dump, but like other top altcoins it is also the same. So I don't agree that what happened to Dogecoin
was a ponzi scheme, we do have to realize that Dogecoin is often a pump and dump that can not be separated from whales who often use it to generate
profits if there is a chance. So we ourselves have to be more careful in making decisions, do the analysis correctly, so know when it's right time to enter
and exit. Don't buy Dogecoin if we are afraid of being played by the whales. Because whales often do pump and dump on meme coins which do not
have a clear function, choose investments in top altcoins that are less likely to pump and dump.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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investing in coin memes is a very high risk...https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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dogecoin wouldn't be worth it without a tweet from elon musk. many are stuck because they bought Dogecoin when it was bullish a few months ago, don't take the risk to invest in Dogecoin.
Absolutely agree, its like a ponzi mechanism with many whales among ecosystem that ready to take profit when the price pump.
If you mean the price of Dogecoin is increasing because of the factors of manipulation made by whales, even top altcoins also have the same way. So, I am not sure to say it is a Ponzi scheme, it is different. I think it is a fact that all people involved in crypto must admit, the whales' power has a big role in the crypto ecosystem. The whales can lead the price to have a pump or a dump in a certain time. They take advantage of this scheme.
Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward.
Everything you have said can easily be attributed to any coin on the market. But coins like Doge, created for fun, will always be used for dumping and pumping. It is obvious that it is the dump and pump that is the entertainment for investors, for which such meme coins are created.
People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.
It is true that majority of the investors are here in the market to earn a quick profit. They really do not care about the fundamentals of a project and there are many seed fund investors who negotiate big deals so that they will get huge amount of coins than the general public usually gets and those investors really do not care about the project and once that hits the market they will pump the coin and in the meantime book their profit as well.However one thing I am pretty sure about dogecoin is that one day it will go down and it will stay down. Which is why the reward of making a good amount of profit from dogecoin comes with the risk of investing into some shitcoin that will be close to few satoshis one day, maybe not today but one day. Are you really sure you are willing to take that risk? I know I won't.
They have learned it the hard way.
They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.
It will always be a dangerous ground for all those who have believed in the hype and look at it now where the price of dogecoin is going. Its price is never as valuable as before and with the absence of Elon, everything will most likely to come to an end. And right now, i know those people who have been lured by the hype are already in regrets seeing themselves lossing while selling at a lower price. I hope this will serve as a lesson to those investors who are eager to make huge profits even if it means investing in those coins that have less potentials compared to those solid and well established coins.They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.
These influencers are only taking care of their pockets and they have the advantage because they're truly influential and can make the market tank or rise with their few words.
People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.
It is true that majority of the investors are here in the market to earn a quick profit. They really do not care about the fundamentals of a project and there are many seed fund investors who negotiate big deals so that they will get huge amount of coins than the general public usually gets and those investors really do not care about the project and once that hits the market they will pump the coin and in the meantime book their profit as well.However one thing I am pretty sure about dogecoin is that one day it will go down and it will stay down. Which is why the reward of making a good amount of profit from dogecoin comes with the risk of investing into some shitcoin that will be close to few satoshis one day, maybe not today but one day. Are you really sure you are willing to take that risk? I know I won't.
I read the article, and I agree, I've read several posts back then here in the Altcoin Discussion board all about how Dogecoin was actually made just to become a meme, it was really intended to be a meme, and I thought that it only exists just for the laughs, I even introduced cryptocurrency to my friends using Dogecoin, since they love memes, I am sure that they'll try to actually try investing in it, later on, I never expected Dogecoin to go all the way to the moon, apparently, Elon Musk and several people were behind the skyrocket value of Doge, and my friends were still holding it, which means they gained a crazy profit after holding it for a while, Dogecoin really isn't a laughing matter or a meme anymore.
Yeah.. Dogecoin prices have went to the moon.. but that doesn't take away the fact that it is still a meme coin. The prices have fallen recently, as the euphoria created by overhyping from some of the celebrities is waning. In order to stay competitive, it needs to move away from its core function as a memecoin and find more acceptability as a mode of payment or as a speculative investment. It is not going to be easy, as there are far better coins in circulation for these purposes, with much advanced technology and algorithm.
We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I really feel it's very dangerous. Some people may be greedy and lose a lot of money if whales decide to dump but this is no different from gambling. The risk is pretty big on this and it is hyped by Elon Musk, he pumped it and at any moment he will be able to pull out and the price will completely crash. I think This is a meme and that means Elon musk doesn't have any plans to make it a good foundation for the long run.
Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward. Most dangerous joke? It didnt do anything but rather serve as its purpose and yes its cheap and fees are so to. When it comes to utility then this is something much better than with other alts in the market.
Cant really blame off on why there are people whom do recognize on making out actions on hoarding and make use of Doge.
We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I really feel it's very dangerous. Some people may be greedy and lose a lot of money if whales decide to dump but this is no different from gambling. The risk is pretty big on this and it is hyped by Elon Musk, he pumped it and at any moment he will be able to pull out and the price will completely crash. I think This is a meme and that means Elon musk doesn't have any plans to make it a good foundation for the long run.
Doge coin should not be taken as a long term investing coin cause anything can just happen in the market and the unexpected will happen. The cryptocurrency market can be manipulated attracting more investors to buy a particular coin with have a thorough search about what nd where they are putting there money. Eon could be responsible for the surge in the price of dogecoin coin and that does not mean he will keep on pushing the price upward. 
Dogecoin was only promoted by Elon Musk, and I agree with this assertion. Dogecoin has no long-term prospects, as seen by market activity, and the high price of the cryptocurrency it wont last long.
Looks like you just woke up saying Dogecoin is only promoted by Elon Musk and has no long term prospects 
.Did you know that Dogecoin has been around since 2013? So did Elon Musk know Dogecoin at that time and is Dogecoin dead by being in the top 10 coinmarketcap? please answer now.
Personally I don't see any real value that can support Dogecoin, so I also think that its pump was caused only by interest from Elon Musk who can control its price easily. I am sure that he just wanted to make money on speculating the price of Dogecoin, so he bought first and then started his tweets so as to pump its price. He is just a manipulator and he could control Dogecoin's price.
I read the article, and I agree, I've read several posts back then here in the Altcoin Discussion board all about how Dogecoin was actually made just to become a meme, it was really intended to be a meme, and I thought that it only exists just for the laughs, I even introduced cryptocurrency to my friends using Dogecoin, since they love memes, I am sure that they'll try to actually try investing in it, later on, I never expected Dogecoin to go all the way to the moon, apparently, Elon Musk and several people were behind the skyrocket value of Doge, and my friends were still holding it, which means they gained a crazy profit after holding it for a while, Dogecoin really isn't a laughing matter or a meme anymore.
That happened due to Elon's attention.
And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.
They probably feel how hyped has been ruining their life and made them lose. Not to wonder that Elon Musk makes benefits from this as he is the one who controls its prices and these people who come and follow him got caught in the trap. And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.
I'd never heard Elon being active in crypto space after playing the market. He is gone taking the money of innocent people who come and praise him without knowing his real intention. Even though this project has been in the market for many years, it is never been in my mind to invest in this nor I have the interest.
They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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No one predicted the price of Dogecoin to reach $0.73. This is why some people think that Dogecoin is a dangerous joke. Furthermore, the current dump as if it will never return to ATH ever happened. Elon Musk who was once present for Dogecoin, is now talking about another token in a recent tweet. This signals that Dogecoin will not provide a positive value if Elon Musk leaves it.
That happened due to Elon's attention.
And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.
They probably feel how hyped has been ruining their life and made them lose. Not to wonder that Elon Musk makes benefits from this as he is the one who controls its prices and these people who come and follow him got caught in the trap. And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.
I'd never heard Elon being active in crypto space after playing the market. He is gone taking the money of innocent people who come and praise him without knowing his real intention. Even though this project has been in the market for many years, it is never been in my mind to invest in this nor I have the interest.
They have to dealt those losses for them to learn that it's not always what they think when someone popular has shilled a coin like Dogecoin.
Dogecoin was only promoted by Elon Musk, and I agree with this assertion. Dogecoin has no long-term prospects, as seen by market activity, and the high price of the cryptocurrency it wont last long.
Looks like you just woke up saying Dogecoin is only promoted by Elon Musk and has no long term prospects .Did you know that Dogecoin has been around since 2013? So did Elon Musk know Dogecoin at that time and is Dogecoin dead by being in the top 10 coinmarketcap? please answer now.
Personally I don't see any real value that can support Dogecoin, so I also think that its pump was caused only by interest from Elon Musk who can control its price easily. I am sure that he just wanted to make money on speculating the price of Dogecoin, so he bought first and then started his tweets so as to pump its price. He is just a manipulator and he could control Dogecoin's price.
I don't consider dogecoin to be a shitcoin
It's actually it is that's why it's a meme coin.because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.
That happened due to Elon's attention.And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.
I'd never heard Elon being active in crypto space after playing the market. He is gone taking the money of innocent people who come and praise him without knowing his real intention. Even though this project has been in the market for many years, it is never been in my mind to invest in this nor I have the interest.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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It is true that dogecoin could be the demise of many smaller level coins and even the cause of a crypto crash. People do not realize this but there is no future to dogecoin, sure it was fun while it lasted but buying a coin just because some rich person suggested and joked about it plus it was funny to be doing something as a whole community is not a good enough reason to keep a coin high.https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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Doge will be gone soon, it will be out of top 20 and by that time the price will crash, which will result with many people losing money and then the crypto market to have a crash as well. Crypto market will eventually recover but why would we have such a thing just because some people wanted to make profit on some joke coin.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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Dogecoin was only promoted by Elon Musk, and I agree with this assertion. Dogecoin has no long-term prospects, as seen by market activity, and the high price of the cryptocurrency it wont last long. https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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I don't consider dogecoin to be a shitcoin
It's actually it is that's why it's a meme coin.because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.
That happened due to Elon's attention.And look where he is right now, he's quiet about it and probably sold at the top and that's why those who have bought at the top maybe are taking the regrets of being hyped.
People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.
It is true that majority of the investors are here in the market to earn a quick profit. They really do not care about the fundamentals of a project and there are many seed fund investors who negotiate big deals so that they will get huge amount of coins than the general public usually gets and those investors really do not care about the project and once that hits the market they will pump the coin and in the meantime book their profit as well.I don't consider dogecoin to be a shitcoin because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.
I do not consider Dogecoin as a dangerous joke even though it has a limitless amount of coins and the recent pump is due to manipulators trying to pump the coin. 
This coin is purely for manipulation. You have to be a very risky guy to trade her. Personally, I stay away from her.
People will always buy anything that doubles their money, and many people see the opportunity in dogecoin and don't want to miss out. This is why I tell people that most investors are here for the money, not the technology, and that only a few people care about scalability, which is why real Altcoins are still fighting how to get real adoption.
I don't consider dogecoin to be a shitcoin because it was created for fun and ran on its own blockchain, but most influencers have turned it into a dump and pump coin that has spawned hundreds of dog projects, it's a shame that the circle hasn't come to a stop despite numerous scams and frauds.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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Have read it and agree with what it says because it is backed by facts, some dangerous signs are on it, Dogecoin is an example of a coin used by whales to do a pump and dump scheme, majority of investors are in FOMO, there are times FOMO is but if you don't know when to exit you are in trouble of being a bag holder or cutting your losses, it's still the meme coin that we all loved but I don't see Dogecoin lording it over coins with
with real potential in the market and with contributions to the development of the community.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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I have never been a friend of meme-coins and during the last few weeks and months i was very worried when all of those new meme-coins appeared. I mean back in the day we saw like 50 new meme-coins launching everyday and none of them had any use-case at all. I really think that this was a very bad development for the whole crypto space, because nobody can understand and comprehend when all 10 top projects in terms of volume both in uniswap and pancakeswap where meme-coins a few months ago with absolutely 0 use-case and functions but still they had 10s of millions of dollars of trading volume and then after a week or so they were dead again of course. I am really happy that the meme-coin hype is slowly dying at the moment.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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I do see Dogecoin as a risk, but then isn’t all cryptocurrencies similar in this way? They’re usually all about investments and risk, there will always be those who will lose their money when it happens. But, I do feel like Doge coin is more dangerous to invest in than, let’s say Bitcoin itself, but if the community should grow like as we have in Bitcoin I think it’s going to be hard for it to fluctuate that much. Then the problem we’re having right now is that there are few whales who hold the largest portion of this coin, if they should decide to dump it in the market then it’s going to affect Dogecoin seriously ‘cause it’s going to lose a lot of value.https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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And when such things happen people are going to be discouraged and a lot of people will leave the market. A lot of them are now hoping for the $1 increase which they don’t even know if it’s going to happen or not, because if we check years back it really took Dogecoin a lot of time before it started to um trained like this.
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The 3 key points explain it all, not very many people use dogecoin yet the price experience a serious swing, Few people hold larger share of the supply, many people already complaining about it, unfortunately those who buy it are not thinking along this point, since Elon stand as brand ambassador to dogecoin lol, some people feels it is safe to buy it,
Dogecoin is an old project that has survive many test, who knows what the future holds for it, anything can happen in crypto.
Dogecoin is an old project that has survive many test, who knows what the future holds for it, anything can happen in crypto.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
Do you agree with what it says?
Have read it and agree with what it says because it is backed by facts, some dangerous signs are on it, Dogecoin is an example of a coin used by whales to do a pump and dump scheme, majority of investors are in FOMO, there are times FOMO is but if you don't know when to exit you are in trouble of being a bag holder or cutting your losses, it's still the meme coin that we all loved but I don't see Dogecoin lording it over coins with
with real potential in the market and with contributions to the development of the community.
Yeah, just need to be cautious with Doge, but if you have enough experience and the balls to ride and invest, you can get out take profits easily. The problem is that there are noobs who agree with Elon Musk and blindly trust his words. And it really did push the price of Doge, nevertheless we all know that the price won't go on a parabolic rise. And Doge will be Doge (still a meme coin), which ever angle you look at it.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
Do you agree with what it says?
Have read it and agree with what it says because it is backed by facts, some dangerous signs are on it, Dogecoin is an example of a coin used by whales to do a pump and dump scheme, majority of investors are in FOMO, there are times FOMO is but if you don't know when to exit you are in trouble of being a bag holder or cutting your losses, it's still the meme coin that we all loved but I don't see Dogecoin lording it over coins with
with real potential in the market and with contributions to the development of the community.
Yeah, just need to be cautious with Doge, but if you have enough experience and the balls to ride and invest, you can get out take profits easily. The problem is that there are noobs who agree with Elon Musk and blindly trust his words. And it really did push the price of Doge, nevertheless we all know that the price won't go on a parabolic rise. And Doge will be Doge (still a meme coin), which ever angle you look at it.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
Do you agree with what it says?
Have read it and agree with what it says because it is backed by facts, some dangerous signs are on it, Dogecoin is an example of a coin used by whales to do a pump and dump scheme, majority of investors are in FOMO, there are times FOMO is but if you don't know when to exit you are in trouble of being a bag holder or cutting your losses, it's still the meme coin that we all loved but I don't see Dogecoin lording it over coins with
with real potential in the market and with contributions to the development of the community.
In my opinion, just focus on the fully diluted market cap, which is calculating crypto valuations based on total supply and reading news developments if you want to invest with the coin, for example, Elon Musk will launch a DOGE-1 rocket in Q1 2022 https://btcmanager.com/spacex-dogecoin-satellite-moon-q1-2022/ means that by then the probability of woof-themed coins will increase. The point is, you don't need complicated formulas, just Elon pumps doge with his magic tweet = DOGE Up. one more thing Liquidity is also important, if the liquidity is small and the difference is far from the market cap, it is riskier to be slammed.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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When reading the article on Key Points no. 1, then it's not 100% correct so I don't agree with that points, Dogecoin is widely used by Casinos and if I'm not mistaken there is a baseball club that accepts it as payment for ticket purchases (but not sure if it's still done)https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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source : https://markets.businessinsider.com/news/currencies/oakland-athletics-as-tickets-100-dogecoin-major-league-baseball-2021-5
However, it is undeniable that this coin has been used by whales as a way to enrich themselves with all kinds of news that are used to pump and dump the price, and small investors will be at a huge disadvantage so it's true this can be dangerous especially for small investor or those who are new to the crypto world.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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its a meme coins so stop wondering why there are some people saying that doge coin is a very dangerous crypto in the market, because indeed there's already a proof how bad they are and that's what happened to some meme coin wherein suddenly turn into shitcoins after all. And for me probably the rank itself in the market is the one thing that can lead more investors into massive losses, because imagine its still listed as a top 10 crypto currency in the market.. Lol https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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I don't know or I am not exactly so sure, if it is true that there are only few holders of this coins in which whale investors who has
the capacity to manipulate the price in the market. It just got increased only when one of the popular influencer in Twitter social media
promote it then suddenly it got pumped at once. Then, got dumped rapidly when the price of Bitcoin down in the market as well. But I can't
deny that in some other places in the world dogecoin has a big community.
the capacity to manipulate the price in the market. It just got increased only when one of the popular influencer in Twitter social media
promote it then suddenly it got pumped at once. Then, got dumped rapidly when the price of Bitcoin down in the market as well. But I can't
deny that in some other places in the world dogecoin has a big community.
Sure it was created as a joke and like many coins at the time and even some currently they never were more than a joke or a pump and dump scheme. Unfortunately DOGE got caught up as a meme and now the general public think its more than just a joke and many people I talk to think it was never a joke and just jumped in like it's the next bitcoin. It's going to be hard to suppress it back to its original levels as long as social media influencers and celebrities continue to pump it up. It does have the potential to turn into something of use but its value is probably going to stay under .50
I have always been convinced that dogecoins and other meme coins are dangerous for this market. Maybe they attract new investors and made some people rich, but actually they don't carry any real utility for crypto market, so they are likely to die and many people get disappointed in meme coins and crypto because they lose on meme coins so they abandoned this market then.
Dogecoin is created as a meme coin but i cannot understand what is your claim behind Dogecoin not having any utility. It is listed in all the exchanges and if you want to gamble there are multiple casinos that accepts Dogecoin. I am not talking about the rest of the trash coins. What is the utility of hundreds and thousands of other coins or tokens in the market, literally nothing while you can trade Dogecoin in major exchanges or you can gamble with it is the utility 
. 
But the question this has less me is that will they have the power in the Crypto space to sustain that for a very long time.
It has been so many years for the doge coin exist in the crypto market. What you are saying was not true at all. A legit coin has the power to sustain for the long term as it has big community eventhough a coin like doge as nothing to do with its utility but people keep buying it caused by the speculation. So many times I heard that people said if doge coin will become the new currency of internet. This is bullshit but people keep believing on it caused by the big boys were brainwashed all of them with the thing if doge will become the next mainstream crypto or even next dollar. Totally nonsense for me. This hype keep the doge coin can sustain for the long term. I can't deny that the major coin has more resources to create more and more hype. The shit coin like doge needs hype only and it doesn't need any usability to be bought by people. Speculation will always become the reason why people make it sustain for the long term. The only risk when the whales dumping their doge and people have no chance to take their money from the market. 
I think that people got in Dogecoin after hearing Elon Musk talking intensively in his tweets in Twitter about this coin.I think this crypto was created just for fun to be a meme and does not make a lot of sense to hold this for a long time.Again Elon Musk tweeted Baby Doge and now Shiba Inu is listed in quite a lot of exchanges.These coins don't bring new values for example like Cardano tries to solve many problems in real life and they deserve to be 3rd by market capitalization while Doge does not deserve to be 10th by market capitalization.I think people who are holding Doge will regret their choice.
Or better yet, for those holding doge, they need to assess now the situation. Will there be any progress in terms of development? Do you think Elon Musk and the doge dev team has real collaboration and they are really cooking up something here? I like doge way before this hype as I used this for transfer purposes and now, their fees are more expensive than other alts like TRX or XRP. So its old use case is like abandoned already by this hype. I don't know where this hype is going but holders should really think about this old alt, on where they stand.
We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I really feel it's very dangerous. Some people may be greedy and lose a lot of money if whales decide to dump but this is no different from gambling. The risk is pretty big on this and it is hyped by Elon Musk, he pumped it and at any moment he will be able to pull out and the price will completely crash. I think This is a meme and that means Elon musk doesn't have any plans to make it a good foundation for the long run.
I think that people got in Dogecoin after hearing Elon Musk talking intensively in his tweets in Twitter about this coin.I think this crypto was created just for fun to be a meme and does not make a lot of sense to hold this for a long time.Again Elon Musk tweeted Baby Doge and now Shiba Inu is listed in quite a lot of exchanges.These coins don't bring new values for example like Cardano tries to solve many problems in real life and they deserve to be 3rd by market capitalization while Doge does not deserve to be 10th by market capitalization.I think people who are holding Doge will regret their choice.
I wouldn't agree less, Dogecoin is the joke of the joke of the century. Having taking a careful look at the whole situation surrounding the coin. You will know that the only people behind the pump of this coin is Elon Musk and his friend. They did a pretty good job anyways. But the question this has less me is that will they have the power in the Crypto space to sustain that for a very long time. It is very obvious that they can't do that, and anybody investing Dogecoin will be doing that at their own risk.
I have always been convinced that dogecoins and other meme coins are dangerous for this market. Maybe they attract new investors and made some people rich, but actually they don't carry any real utility for crypto market, so they are likely to die and many people get disappointed in meme coins and crypto because they lose on meme coins so they abandoned this market then.
I'd rather say it's risky.and in fact, if it can be said that it is not only doge who become mesa-coins, other coins are the same. but what makes doge even more risky because it is the pump that is given continuously from the billionaire and the fomo that his followers do that makes a lot of people lose here.
apart from that, the actual risk is definitely haunting in any crypto coin, but coin manipulation like this is much more dangerous
The bad thing about this is that people doesn't know about the risk of this meme coin and some people really consider it as an investment and invested a huge amount of money for a coin that they don't know what is about or what its use. Honestly I do invest on Dogecoin for fun and to go along with the hype and earn some profit but making it a long term investment is not really a good idea not unless they make some changes on it.
I have always been convinced that dogecoins and other meme coins are dangerous for this market. Maybe they attract new investors and made some people rich, but actually they don't carry any real utility for crypto market, so they are likely to die and many people get disappointed in meme coins and crypto because they lose on meme coins so they abandoned this market then.
Dogecoin has never shown any good potentials that may attract investors until Elon Musk started to hyped it. It was only then that a lot of investors never miss the chance of investing in dogecoin because of its own value that create a continuous surge. But in reality, there is no real utility case that will keep its investors wanting it. Its only the price that made most of the investors end up panic buying because they really believe that if Elon will keep on tweeting dogecoin, then its value will definitely reach an all time high. 
I have always been convinced that dogecoins and other meme coins are dangerous for this market. Maybe they attract new investors and made some people rich, but actually they don't carry any real utility for crypto market, so they are likely to die and many people get disappointed in meme coins and crypto because they lose on meme coins so they abandoned this market then.
Dogecoin has never shown any good potentials that may attract investors until Elon Musk started to hyped it. It was only then that a lot of investors never miss the chance of investing in dogecoin because of its own value that create a continuous surge. But in reality, there is no real utility case that will keep its investors wanting it. Its only the price that made most of the investors end up panic buying because they really believe that if Elon will keep on tweeting dogecoin, then its value will definitely reach an all time high. 
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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Yes, thats totally true.
Dogecoin shows how confused the market is.
Litecoin should be in place of Dogecoin.
Dogecoin is more worth than Litecoin, Litecoin Cash and Bitcoin Cash.
People value a meme more than a real investment.
-
Nakarato
Meme coin which itself shows the purpose of the coin but still people consider it as one of the best cryptocurrency.
I agree with all of the major points put forward by the OP:
Personally I don't know anyone who has used Dogecoin as a mode of payment. On the other hand, I know people who have made payments with BTC, BCH, ETH, USDT, ADA, BNB, ETC, XMR and XLM. But not even once I heard of anyone making payments using DOGE. And I have been using cryptocurrency for more than 7 years. I am yet to come across any online store, that accept Doge as a mode of payment. The current valuation doesn't make any sense, and IMO it represents an overvaluation of 1,000x.
Quote
1. Almost no one's using Dogecoin, but the currency still undergoes huge swings.
2. A very small group of large holders have outsized influence over Dogecoin's price.
3. Investors who buy in chasing monster gains may come to regret it.
2. A very small group of large holders have outsized influence over Dogecoin's price.
3. Investors who buy in chasing monster gains may come to regret it.
Personally I don't know anyone who has used Dogecoin as a mode of payment. On the other hand, I know people who have made payments with BTC, BCH, ETH, USDT, ADA, BNB, ETC, XMR and XLM. But not even once I heard of anyone making payments using DOGE. And I have been using cryptocurrency for more than 7 years. I am yet to come across any online store, that accept Doge as a mode of payment. The current valuation doesn't make any sense, and IMO it represents an overvaluation of 1,000x.
I have always been convinced that dogecoins and other meme coins are dangerous for this market. Maybe they attract new investors and made some people rich, but actually they don't carry any real utility for crypto market, so they are likely to die and many people get disappointed in meme coins and crypto because they lose on meme coins so they abandoned this market then.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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The article presented a lot of bad facts about Dogecoin that those who are interested to invest or still holding Dogecoin to read it and think if Dogecoin is still worth investing,
These two are alarming
Quote
Whales control the blockchain
Dogecoin has one of the most lopsided wealth distributions in the crypto space, with just one address accounting for 28% of all Dogecoins. A mere eleven addresses hold 46% of the circulating coins, while just 82 addresses account for over 64% of the total supply.
Hardly anybody uses Dogecoin
The Dogecoin blockchain recorded just over 23,000 daily transactions on Aug. 9, according to the latest available data. That's a mere fraction of the 1.2 million transactions recorded on Ethereum (CRYPTO: ETH), and the roughly 200,000 recorded on Bitcoin (CRYPTO: BTC).
Dogecoin has one of the most lopsided wealth distributions in the crypto space, with just one address accounting for 28% of all Dogecoins. A mere eleven addresses hold 46% of the circulating coins, while just 82 addresses account for over 64% of the total supply.
Hardly anybody uses Dogecoin
The Dogecoin blockchain recorded just over 23,000 daily transactions on Aug. 9, according to the latest available data. That's a mere fraction of the 1.2 million transactions recorded on Ethereum (CRYPTO: ETH), and the roughly 200,000 recorded on Bitcoin (CRYPTO: BTC).
Based on this fact Dogecoin is a shitcoin that will not die because it's back by one of the popular influencers in the investment field, and small investors should know what they are getting into when investing on Dogecoin.
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I do and the fact that if there was an address that was even holding 8 billions worth of doge coins https://bitinfocharts.com/top-100-richest-dogecoin-addresses.htmlSo many coins were getting controlled by the whales and when they will be dumping some of their bags to the market and this will create another fear to the market and potentially to dump the price of doge coin back to the old price again before the whales were pumping the doge coin. The data was telling the truth and i can't deny what already explained from the article.
At least if doge coin has utility usage and this maybe a bit better than didn't have any utility usecase.
I have heard about similar article in the past.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
Do you agree with what it says?
Yes, thats totally true.
Dogecoin shows how confused the market is.
Litecoin should be in place of Dogecoin.
Dogecoin is more worth than Litecoin, Litecoin Cash and Bitcoin Cash.
People value a meme more than a real investment.
-
Nakarato
Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price
Coins like Dogecoin and other meme coins are only good for short term investment, meaning know when to get in and know when to get out, this coins are based only on FOMO and yes they are faster way of making money only with exact amount of money you are ready to lose, meme coins and doge coin have no real use cases but Elon musk can make something good out of doge coin, he has the power to but still I don't wanna keep any for a long term 
We know that a lot of the dogecoin supply is controlled by a few whales.
Yes, this true and not just for Dodgecoin, and it makes me nervous. However, given the next to no utility for DOGE to me it is still a joke coin, no matter how much social figures like Elon Musk tweet about it.Because of its very nature of being volatile from the push of a tweet button, to me DOGE is a dangerous coin. Remember what happened to BTC when Tesla tweeted about not accepting it as payment? Unlike DODGE, BTC is not supported by a few but MANY and so the consequences for DODGE when (and if) the wheels turn could be devastating.
We know that a lot of the dogecoin supply is controlled by a few whales.
Yes, this true and not just for Dodgecoin, and it makes me nervous. However, given the next to no utility for DOGE to me it is still a joke coin, no matter how much social figures like Elon Musk tweet about it.Because of its very nature of being volatile from the push of a tweet button, to me DOGE is a dangerous coin. Remember what happened to BTC when Tesla tweeted about not accepting it as payment? Unlike DODGE, BTC is not supported by a few but MANY and so the consequences for DODGE when (and if) the wheels turn could be devastating.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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I don't have time reading long posts such as that but one thing I know why it's dangerous is it is because there's no way we can use it somewhere even Elon Musk can't answer what Dogecoin is in one of his interview. Yes the price keeps increasing but you are buying coin that you can't do anything about.
The beginning of Dogecoin was made just for fun and not to be taken seriously, but the trend created by ELon caused Dogecoin to go up, this makes the risk of those who follow the Doge trend even greater, especially if they have too high expectations to achieve the new ATH that is predicted will reach $1, but as a result a lot of people lose their money, instead of making a profit, they are just wondering how they can get out at the highest price they have missed.
because I think at first Dogecoin was created just for fun and there is no purpose of this Dogecoin but I will say it's possible because dogecoin was created as a meme coin and became popular ever since famous people like elon musk tweeted about doge and of course this is dangerous for those who just follow the coin trend and they are too fomo with the promise of New ATH 1$ and get stuck at that high price.
I agree with the article. Investing in a meme coin is very risky, the beginning of this coin is just a joke. With an unlimited supply, making this a problem because supply and demand is a fundamental factor of a healthy market.
Yes indeed it's long, I think you should try to give at least brief explanation about that article. Well I think Elon Musk and the founder of Ethereum are working together to improve Dogecoin and to expand the project more, I really think the Dogecoin is started to gets serious with its business I'm starting to load some Dogecoin, we're not sure what will happen in the future.
I do agree with some points that already explained by that article
1. So many big players dominated doge coin and you can see the coin distribution of doge coin. there was a wallet that was holding billion of doge coin.
2. This coin has no utility usage or the tx record on its blockchain was still low compared how big the marketcap that already achieved.
3. Infinite supply that will be harming the hodlers. The miners will always be throwing their coins to the market as soon as they have mined it.
I personally feel skeptical about this coin. Too much hype but it can't go along with the utility usage of coin. People were using this coin was not as a joke coin but as a speculative asset only.
1. So many big players dominated doge coin and you can see the coin distribution of doge coin. there was a wallet that was holding billion of doge coin.
2. This coin has no utility usage or the tx record on its blockchain was still low compared how big the marketcap that already achieved.
3. Infinite supply that will be harming the hodlers. The miners will always be throwing their coins to the market as soon as they have mined it.
I personally feel skeptical about this coin. Too much hype but it can't go along with the utility usage of coin. People were using this coin was not as a joke coin but as a speculative asset only.
TLDR, stop investing in meme coins and invest in projects that will change the world, like XRP, LINK, NEAR, and Celo.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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maybe it happened but the worst meme joke for dogecoin has been going on for a long time but he's survived quite a bit so far and this won't be affected forever.
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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I totally agree with this statement, dogecoin was only popularized by Elon Musk and his friends, there is no good long term for dogecoin, we can see this from the movement in the market and the soaring price of dogecoin at that time did not last long.
Then how can Dogecoin be used as a long-term investment, if the market is like this and the price of Dogecoin keeps dropping all the time, almost no one even uses the Dogecoin blockchain at this time, that's why I think Dogecoin is not a good decision to make long-term investments.
Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price
Thats because everyone got lured by the hype. Thats thr problem when you are too excited about something and you believe it would go straight in favor of mass community. Everyone has been fooled in a indirect way. Of course crypto has always set back and as far as I can tell it could also be a dangerous ground for investors. Those whou bought the top is either expecting now or probably sell at a loss. This is a meme coin but it doesnt mean Elon musk dont have any plan to make it a good platform. We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I don't really see it as dangerous. A few people might get greedy and lose a lot of money if whales decided to dump but this is no different than gambling. If you want to make money it is your own responsibility to asses the risk. There is no protection in case your bet doesn't pay off but at least you had all the information you needed to make an educated decision.
Elon Musk pumps this meme coin anytime he wants to skim some money from suckers to fund his 6 kids. 
We know that a lot of the dogecoin supply is controlled by a few whales. Investors should be aware of the risks. I don't really see it as dangerous. A few people might get greedy and lose a lot of money if whales decided to dump but this is no different than gambling. If you want to make money it is your own responsibility to asses the risk. There is no protection in case your bet doesn't pay off but at least you had all the information you needed to make an educated decision.
Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price
i dont know but i would say it could be
since dogecoin invented as meme coin and its become popular since famous people like elon musk tweet about doge
and the clone keep pop it up everyday on other chain like bsc and matic hodling it kinda dangerous and yes the older hodler like from 2014 will get advantage from it
since dogecoin invented as meme coin and its become popular since famous people like elon musk tweet about doge
and the clone keep pop it up everyday on other chain like bsc and matic hodling it kinda dangerous and yes the older hodler like from 2014 will get advantage from it
This article is very long.
https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
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