“Many people wanted me to do it and said I should do it for the Doge community, so I did,” he said. Unlike many cryptocurrencies, people actually use Dogecoin for sending tips … This growth occurred during the crypto break out that saw all altcoins see considerable gains. It is a tremendous achievement for Dogecoin to have endured such a long journey from launching as a fun idea to contributing $100,000 to different charities, to being an important participant in the WSB Reddit fundraiser. As much as people pan national fiat currencies they're still required to be good for transactions by the government and always good for paying taxes. Why It's a Bad Idea to Buy Dogecoin Now Unless you lost your Internet connection this week, you know what happened to GameStop stock . That said, my personal speculation is that that is a ways off and I've got a couple mining rigs going, load balancing between DOGE, LTC, and FTC. Regardless, do read the ELI5s at a minimum. Get an ad-free experience with special benefits, and directly support Reddit. The money I have put into it so far has netted me 1000%-10000% gains but the risks were immense. hieve greater crypto penetration thanks to its memetic potential. How to buy Dogecoins as of 4 December 2018. That's a different story. I'm putting all my money in OAGcoin. Its just a matter of when. There's nothing really actually backing these currencies and that's a pretty significant problem. Dogecoin was created mostly as a joke, but it has gained use on social media communities like Reddit. Investors with the stomach for cryptocurrencies should just keep it simple and buy Bitcoin. Really though, what is the USD backed by? Certainly, if you had invested in mid-January and sold at just the right moment, … Press question mark to learn the rest of the keyboard shortcuts . But should you buy Dogecoin? Because, you know, psychology. Anybody who treats "going to the moon" posts seriously are going to realize one day that their 300k in dogecoin isn't going to change much shit except maybe gets you an extra HQ flatscreen TV. A Reddit-Fueled Frenzy Drives Dogecoin to New Highs. Dogecoin is one of bitcoin’s rival cryptocurrencies and Tesla CEO Elon Musk is a big fan. Should I Buy Dogecoin? Forget Dogecoin, This Stock Is a Better Buy There's nothing wrong with a little speculation, but even speculators should do it intelligently. For starters, DOGE follows the same framework as other cryptocurrencies like BTC and ETH. But recently it is going through turmoil as there is a lack of Dogethereum (a bridge between dogecoin and ether chains), the project which has a lot of potentials to grow. Community members are commenting and posting about once every 3 or 4 hours. It was introduced as a joke, but who knew it would become so significant in the crypto world. Is it a good Idea to buy more at 0.30 if I bout in at 0.05? Dogecoin has dipped 20% since its Feb. 7 high of 0.087159. I have also seen more software written for dogecoin more quickly than any other coin. If you want to play and learn, also great. Dogecoin gained 50 per cent in the space of a few hours on February 4 to reach a price of $0.05. Robinhood has reportedly banned DOGE trading earlier today, perhaps under pressure from Wall Street and related parties. Our Dogecoin Price Prediction If you want to do it put a little bit into every established cryptocurrency. Why should you buy DOGE cryptocurrency? It was founded in 2013 by Jackson Palmer and “ Shibetoshi Nakamoto ”. . There is an infinite possible supply of paper money, and one day everybody will realize they are worthless. A Major Rally. Where to store your Dogecoins. “But please don’t ask me to choose between it and anything else.”. The most amazing place on reddit! You can buy dogecoin from a cryptocurrency exchange (Credits: Alamy Stock Photo) It’s worth pointing out that any kind of investment has an inherent risk and that goes double for cryptocurrencies. I’m new to this so if anyone with knowledge can tell me whether it’s good to buy right now or not I’d appreciate it. Buyers pushed up Dogecoin’s value by 359% in four weeks, most of it happening after Musk tweeted about it some two weeks ago. Dogecoin is one of the trending cryptocurrencies, which is grabbing a critical spot in the crypto space. On February 4, it doubled in value after Musk tweeted: “Dogecoin is the people’s crypto”. Dogecoin is a cryptocurrency, so it’s the same as Bitcoin and Ethereum. Or it will drop to 1/3 of the current price if it tapers off. So there’s no return. Looking to buy worth $100. Now that you’ve gotten a handle on the GameStop stock madness, it’s time to learn about Dogecoin. That’s better than GameStop GME +0.9%, which rose by … created by Cryptodailytradsig a community for 8 days. The price spike took place over the course of just one hour last night at 23:00 hours … Mar. To buy dogecoin, you’ll need to open an account with the exchange of your choice, verify the account, and make a deposit. Buy anytime, because 1 doge always equals 1 doge. In this guide you’ll get information about where to buy Dogecoin, if you are planning to buy DOGE – You’re in the right place! - Waco Tribune-Herald; Mar. He told Decrypt that it was a post on r/wallstreetbets, about a billboard promoting GameStop stock, that inspired him to buy his own. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Essentially, Dogecoin is perfect fodder for the ongoing Reddit stocks rally. By … The Story of the 'Wow' Coin. Dogecoin Reddit – If you go to Dogecoin’s Reddit channel, you will find a decent amount of traffic. But if you think this is a get rich quick scheme and you’re only here to try and make a killing, you’re probably going to be disappointed. While this article does not aim to offer financial advice, and you should always do your own research when making any investments. There's next to no real use for most cryptocurrencies other than speculation at this point. Short Term: Dogecoin I think could go up 2x to 5x easily if there is another rally. Ward, who works at a car wash, got involved with Dogecoin after being swept up in the Reddit stock craze. r/dogecoin: The most amazing place on reddit! Dogecoin is one of bitcoin’s rival cryptocurrencies and Tesla CEO Elon Musk is a big fan. I happen to agree, but let me ask you: in what way are government printed fiat currencies any different? After a couple of years, Dogecoin became the go-to cryptocurrency for the largest social media sites — Reddit… Looking at the Dogecoin chart, it’s been having a pretty cyclic price action pattern versus Bitcoin. Although dogecoin is less popular than bitcoin and ether, many investors see it as a good investment, hence its rising price. What is Dogecoin. Updated Feb. 9. hide. It is insane. Dogecoin was started in 2013 by two software engineers. I would buy #Dogecoin,” Cuban tweeted on Wednesday. But recently it is going through turmoil as there is a lack of Dogethereum (a bridge between dogecoin and ether chains), the project which has a lot of potentials to grow. Forget Dogecoin, This Stock Is a Better Buy ... Then in 2021, even beaten-down deep value stocks have surged as Reddit message boards coordinated retail … Nevertheless, the currency is still up 1,350% this year with a market value of $8 billion. Dogecoin’s price has surged over 1,600% since its recent lows. 2 . The question on everyone’s lips after a huge surge in interest. Vote. I still consider cryptocurrencies an extremely risky investment though and wouldn't put much in. I'm going to copy and paste a comment I wrote on another thread, hopefully it puts the potential gains in perspective and you'll have to evaluate whether the risks are worth it. Some users donate a small amount of Dogecoin to … (Dogecoin was based on the "doge" meme, which involved a Shiba Inu dog.) Before we begin with the explanation of how to purchase Dogecoins, we should know where we can store our acquired coins. Harmony One Shocking Price Targets! It's easy just to create another one, mine it and hoard it while the value rises and no one really uses it. I know this isn't r/econ but it's still a valid question. If you have $100 to spare, sure. The users from the popular Reddit forums has been pumping the value and are planning to push it to the moon. Not looking for any return actually, just would be nice to know if there would be a nice return even in like 20 years. Press question mark to learn the rest of the keyboard shortcuts. DOGE id hi now because of the Gamestop thing. Bitcoin is up some 48% so far this year, while the Dow Jones Industrial Average has … A group of Reddit … That’s not how this works. Ward, who works at a car wash, got involved with Dogecoin after being swept up in the Reddit stock craze. Who knows which one will you give you 10000% gain. Essentially, Dogecoin is perfect fodder for the ongoing Reddit stocks rally. We simply cannot know for sure when the next Dogecoin run-up will occur, but in general, events of this magnitude appear to be significant. Cryptos are not ‘investments’. The tweet is potentially the cause of a 99.1% increase in DOGE price. He told Decrypt that it was a post on r/wallstreetbets, about a billboard promoting GameStop stock, that inspired him to buy his own. While … With GameStop (NYSE: GME ) nearing $500 in pre-market trading, many are … Dogecoin/Reddit.com car set to race at Talladega Superspeedway in Alabama in 2014. The price of dogecoin … Dogecoin is basically a fun platform designed to make money transfer and receiving even easier – and fast. Why, for the Lolz. Vote. Now it sucks to lose money but with that kind of a possible reward even If I risk a total loss it is still work that risk. Originally, the project only garnered attention for a select Reddit community. r/dogecoin already has 50k subscribers. Bitcoin is up some 48% so far this year, while the Dow Jones Industrial Average has advanced 2.3%. ... “You can buy $1 worth or $10 worth and have fun watching it all day every day,” Cuban said. User account menu. Dogecoin is a currency. So, instead of watching Dogecoin’s rapid rise and wondering, “is it too late to buy in,” why not buy $500 of Dogecoin and learn a couple of lessons from Generation Reddit? Dogecoin aims to become the default crypto for merchant payments in this year itself, which will eventually lead to greater gains. Is it purely the power to tax which gives fiat its value? Waco Tribune-Herald - wacotrib.comShould You Invest in Dogecoin in 2021? Welcome aboard, come on in, make yourself at home, strap in and enjoy the ride. Do you reckon I should? Enter the Doge. ... Should I Buy Dogecoin? Dogecoin's mascot is a shiba inu dog that became an internet meme in 2013. Treat it like a hobby, but a far cheaper hobby than most. Dogecoin price today: Should I buy dogecoin after Elon Musk meme? The much wow innovative crypto-currency. By December 2013, one Bitcoin was worth $1,083.14.The world was starting to take cryptocurrency seriously. Press question mark to learn the rest of the keyboard shortcuts. Should I buy Dogecoin stock today? Dogecoin has the potential to be a lucrative short-term investment. Its popularity on social media makes Dogecoin prone to wild price swings, with various attempts by users on TikTok and Reddit to collectively drive up the price causing the market to spike. Can one really create value at gunpoint? Currencies don’t earn income and don’t pay dividends. Should i or should i not? - Seeking Alpha Dogecoin has never been extremely valuable; however, it has been prevalent throughout its entire price history. Ultimately it is the services built around the coins that give them staying power and for some reason dogecoin has this going for it. if you can stand the risk put some money into coins. On top of that there's always the risk of further regulatory risk that another country will just outright ban them, or shut down the ability of large exchanges to turn them into useful currencies. share. It is insane. Dogecoin’s price has surged over 1,600% since its recent lows. [ See: What to Know Before Investing in Cryptocurrency ] Trying to Value DOGE. Maybe read my history too, since I’m often explaining how stuff works. Dogecoin is a high value buy for 2020 as predicted by experts. Dogecoin reaching $1 is possible but it may take a while. report. Dogecoin is an open source peer-to-peer digital currency that is widely used, traded, community supported (the Dogecoin community consists of over 100,000 subscribers on Reddit), available on almost every exchange, and supported by a number of popular multi-asset wallets like Jaxx. It has also been picked up by the high-risk betters who read Reddit's WallsStreetBets channel. Dogecoin Tailspin: Price Drops Over 70% Following Reddit-Driven Surge Forbes - www.forbes.comDogecoin Tailspin: Price Drops Over 70% Following Reddit-Driven Surge - Forbes; Is Dogecoin A Buy Or Should You Stay Away? Buy some, get some wallets (use walletgenerator, not some client or third party website), practice moving coins around using coinb.in, tip some, write some decent content (not shitposts) and maybe earn a few tips, and generally have fun. Certainly, if you had invested in mid-January and sold at just the right moment, you could have made a lot of money. With the help of Reddit and Elon Musk, Dogecoin has increased in value by 600% in the last 24 hours. These individuals would send tips in Dogecoin to each other. — Documenting Disruption (@DocumentingBTC) January 28, 2021. Dogecoin is a high value buy for 2020 as predicted by experts. What could go wrong? 8 comments. How to invest in dogecoin People buy and sell cryptocurrencies through crypto exchanges such as Coinbase , Binance , and Kraken. As per PrimeXBT, Dogecoin will be ready for another breakout in 2024 and into 2025 – coinciding with Bitcoin’s halving theory. I know it’s my choice but just looking for some advice from the pros since I’m completely new. … Unless BTC drops a lot. Following GameStop's share surge, Reddit users on other threads referenced WallStreetBet's effort to squeeze out Wall Street hedge funds and urged people to buy into Dogecoin too. It's your choice completely and when do you expect a return on your purchase if you do it? Dogecoin, a digital coin originally founded as a joke, skyrocketed Thursday after a Reddit board talked about making it the cryptocurrency equivalent of GameStop.. Neither! If you want to play and learn, also great. The Dogecoin price on launch in 2013 was $0.000232, so the rise to around $0.05 represents a 21,000 per cent increase. I'm finding it fun to build and optimize these rigs though. Dogecoin made its debut in December 2013 at $0.0006 with a $3.5 million market capitalization. Dogecoin's price surged more than 20 percent after Musk mentioned it in a weekend tweet. It is also used by retailers to receive payments. Bitcoin could go up 2x (almost worth that much 3 months ago). Dogecoin has never been extremely valuable; however, it has been prevalent throughout its entire price history. “Many people wanted me to do it and said I should do it for the Doge community, so I did,” he said. But the key differentiator is Dogecoin… By that time, there should be more clear choices for winners in the crypto arms race, and either Dogecoin falls out of favor or starts to approach the promised land of nearly $1 per coin. What is Dogecoin? RobinHood has disabled the ability to buy Dogecoin. This is a good sign. Ultimately it is the services built around the coins that give them staying power and for some reason dogecoin has this going for it. Within hours of the GME ban, the DOGE ban is likely to prove just as inflammatory among Robinhood users. When everyone and their mom is talking about cryptocurrencies including the barista at starbucks it confirms the bubble status. Dogecoin is a peer-to-peer digital currency, just like Bitcoin and Litecoin. if you arent actively trading it's probably smarter to stay more in btc then others. Dogecoin started off as a joke geared for the market. Find out if it's actually a good buy. Close. I thought this all through December and most of January until I realized how rabid and pervasive the community has become. The fact is that you can’t really do much with it outside of limited trading on Reddit and Twitch. Created back in December 2013 by creators Billy Markus and Jackson Palmer, Dogecoin began life […] But if you’re looking to flip it really quickly, or are playing with bill money, no. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/the price is really good now for a buy, IMO. So, if you want to get some Doge to actually USE, great. OMG! Cryptocurrency enthusiasts on Reddit think Robinhood — is the owner of a digital wallet stuffed with nearly $2 billion in dogecoin. save. But personally I wouldn't start pouring your savings into it. For George … I have also seen more software written for dogecoin more quickly than any other coin. Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It is, by all means, always highly advised to use the Dogecoin Core Wallet: Dogecoin Core 64-bit Windows. If that's the case it's rather sad, because it's saying that the value stems from fear of incarceration. Who knows? Should i or should i not? get reddit premium. Is it a good Idea to buy more at 0.30 if I bout in at 0.05? They have been pushing users to buy the cryptocurrency and hold it, through multiple social media platform, sub-Reddit […] When those times are, nobody can say. Because that meme never gets old. ", 0.00000001 (satoshi) * 834 (price per bitcoin) = 0.00000831 (1 satoshi in usd), 184 (doge/satoshi) * 100 billion (coins in circulation by 2014) * 0.00000831 = 152,904,000. In July 2020, another spike in the coin’s value occurred after TikTok users began a campaign to push the coin’s value higher. If you want to speculate on them or just leave your computer on to mine them when you're not using it, it's probably not too bad. Any investor with even a passing interest in cryptocurrency is probably wondering if they should buy Dogecoin now. No one can predict the price of anything on the market or advise you whether or not to buy an asset. The Dogecoin community consists of over 489,000 subscribers on Reddit and has received admiration from individuals such as Elon Musk. This worked for a while. At a minimum, as long as the crash is more than 101 or so days off from my date of purchase on the rigs, I'll have some sweet video cards I can use for gaming rigs effectively paid for. In this guide, you will learn what Dogecoin is, what Dogecoin was created for, what it is used for today, and if you should think of Dogecoin as a future cryptocurrency. It's fake money based on an internet meme. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. 28, 2021 - Should You Invest in Dogecoin in 2021? On December 6, 2013, the network went live. Billy Markus and Jackson Palmer thought that cryptocurrency was being taken too seriously.They thought that crypto should be about fun, and not just about money. In 2017, Dogecoin had another market surge to a new all-time high of $0.017/coin on January 7, 2018. Press J to jump to the feed. Buy a coin from the top 50 on Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap that is down now and wait for it to go up. Seeking Alpha - seekingalpha.comIs Dogecoin A Buy Or Should You Stay Away? It is at 180 right now, so you're looking at about ~3.7x potential gains if it were to surpass litecoin in market cap forward 1 year. Dogecoin has the potential to be a lucrative short-term investment. But what we can say is that as a currency, our default state is stable, perhaps with gradual appreciation against fiat as well as some wilder swings against other cryptos such as BTC. Log In Sign Up. Dogecoin is the latest ‘meme stock’ that will get a short-term boost for the lolz after Musk gave it publicity and Reddit looks for its next target. Should I Buy Dogecoin? For starters, DOGE follows the same framework as other cryptocurrencies like BTC and ETH. Buy anytime, because 1 doge always equals 1 doge. Well we're starting to see the primary problem with cryptocurrencies already. All cryptocurrencies will crash one day when everybody realizes that they're worthless, because although the supply of one cryptocurrency is limited, there are an infinite number of possible cryptocurrencies that can be invented. Currencies DO fluctuate in value against each other, so you might get lucky and be able to trade profitably at certain points in time. Dogecoin started out as a joke in 2013 but is now the face of the cryptocurrency world. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Like any other token, Dogecoin is susceptible to extreme volatility and speculation. Today, we’ll be looking at one of the more unique cryptocurrencies around – Dogecoin and finding out where and how to buy Dogecoin. Thanks in advance! The Dogecoin community is extremely active, and in the past, raised over $55,000 at the market price at the time to sponsor a Nascar driver, Josh Wise, to run Dogecoin and Reddit paint on the car during a race. Also, when do you expect we’ll actually start to get a return on our purchase? The cryptocurrency market in the eyes of some is a bubble that has already burst, while others see it as a nascent industry that will eventually go on to change the world in a similar manner to how the internet did. With GameStop (NYSE: GME ) nearing $500 in pre-market trading, many are … Dogecoin surged when Elon Musk and Reddit started talking it up and buyers overwhelmed the free-floating supply. Dogecoin is in the centre of attention of the financial and crypto sectors as the r/WallStreetBets subreddit started pouring money into it. The Dogecoin community is extremely active, and in the past, raised over $55,000 at the market price at the time to sponsor a Nascar driver, Josh Wise, to run Dogecoin and Reddit paint on the car during a race. There’s perhaps no Reddit-fueled asset I’d avoid more rigorously than Dogecoin right now. r/dogecoin already has 50k subscribers. Dogecoin Core 32-bit Windows. "For dogecoin to surpass litecoin in market cap, you're looking at around 500 satoshi per doge. 1 . DogeCoin is still making highlights on the trade market, following an unexpected surge from the Redditors. Litecoin could go up 2x (it was worth that much 3 months ago). +/u/dogetipbot 42 doge verify [wow so ^verify]: /u/ardme -> /u/notsurewhatiam Ð50.000000 ^Dogecoin(s) __($0.0716219)__ [help]. You should because its an MLM that is transparent (algorithm is known), Why shouldn't you invest in Dogecoin? What’s up with Dogecoin’s Price? . much puppy eyes, New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. The much wow innovative … ._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} Still, even with the surge, dogecoin is still only priced at $0.0462 as of … A Twitter account allegedly associated with WSB casually remarked about Dogecoin this morning. But the key differentiator is Dogecoin… Just invest, get a couple thousand doge and hodl until we reach the moon. And of course, every now and then someone tries to manipulate the price, whether through a pump and dump, some random tweet, meme or whatever. If it were to reach Bitcoin in market cap (10billion), then you're looking at about ~55x. All of which do far more harm than good, as they drag in loads of wannabes who invariably get fleeced. Dogecoin got a lot of points for a generous, friendly community. Posted by 1 hour ago. Why is the retail investor hivemind pumping up the obscure cryptocurrency with a Shiba dog for a mascot? Press J to jump to the feed. Why should you buy DOGE cryptocurrency? Long Term: Most of them may go to zero, but chances are some (probably Bitcoin and Litecoin) will be worth much more than what they are now. Really all the US has to do is shut down the ability of the few large exchanges to do cryptocurrency to dollar transactions and the currencies will collapse. Dogecoin Technical Analysis (2013-2020) 2013. Dogecoin's price surged more than 20 percent after Musk mentioned it in a weekend tweet. He used the Reddit handle Moolah_. Buy some, get some wallets (use walletgenerator, not some client or third party website), practice moving coins around using coinb.in, tip some, write some decent content (not shitposts) and maybe earn a few tips, and generally have fun. That follows a spike of more than 900 per cent on January 29 when the coin soared to an all-time high before sliding back, with trading volumes exceeding those of Bitcoin (BTC).. Has all the attention got you wondering “Should I invest in Dogecoin” for outsized portfolio returns? u/Cryptodailytradsig follow unfollow. Notably, the Dogecoin website had a million+ visitors on the day of the launch of the coin. A Modest Start. Within a month, Dogecoin.com received a million visitors, and its price jumped by 300%.

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