Nevertheless, the currency is still up 1,350% this year with a market value of $8 billion. He told Decrypt that it was a post on r/wallstreetbets, about a billboard promoting GameStop stock, that inspired him to buy his own. For starters, DOGE follows the same framework as other cryptocurrencies like BTC and ETH. It is, by all means, always highly advised to use the Dogecoin Core Wallet: Dogecoin Core 64-bit Windows. Dogecoin has the potential to be a lucrative short-term investment. Currencies don’t earn income and don’t pay dividends. 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. 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. Welcome aboard, come on in, make yourself at home, strap in and enjoy the ride. Harmony One Shocking Price Targets! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. report. 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. This is a good sign. “Many people wanted me to do it and said I should do it for the Doge community, so I did,” he said. It was introduced as a joke, but who knew it would become so significant in the crypto world. 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. Litecoin could go up 2x (it was worth that much 3 months ago). It was founded in 2013 by Jackson Palmer and “ Shibetoshi Nakamoto ”. Why is the retail investor hivemind pumping up the obscure cryptocurrency with a Shiba dog for a mascot? It is also used by retailers to receive payments. User account menu. He told Decrypt that it was a post on r/wallstreetbets, about a billboard promoting GameStop stock, that inspired him to buy his own. After a couple of years, Dogecoin became the go-to cryptocurrency for the largest social media sites — Reddit… 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. Close. 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. 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. A Modest Start. 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. Some users donate a small amount of Dogecoin to … if you can stand the risk put some money into coins. Still, even with the surge, dogecoin is still only priced at $0.0462 as of … Updated Feb. 9. Forget Dogecoin, This Stock Is a Better Buy There's nothing wrong with a little speculation, but even speculators should do it intelligently. What’s up with Dogecoin’s Price? Dogecoin is one of bitcoin’s rival cryptocurrencies and Tesla CEO Elon Musk is a big fan. With the help of Reddit and Elon Musk, Dogecoin has increased in value by 600% in the last 24 hours. I have also seen more software written for dogecoin more quickly than any other coin. (Dogecoin was based on the "doge" meme, which involved a Shiba Inu dog.) Not looking for any return actually, just would be nice to know if there would be a nice return even in like 20 years. Currencies DO fluctuate in value against each other, so you might get lucky and be able to trade profitably at certain points in time. It has also been picked up by the high-risk betters who read Reddit's WallsStreetBets channel. 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. OMG! On December 6, 2013, the network went live. That’s better than GameStop GME +0.9%, which rose by … Because that meme never gets old. Dogecoin’s price has surged over 1,600% since its recent lows. hieve greater crypto penetration thanks to its memetic potential. "For dogecoin to surpass litecoin in market cap, you're looking at around 500 satoshi per doge. The tweet is potentially the cause of a 99.1% increase in DOGE price. When those times are, nobody can say. As per PrimeXBT, Dogecoin will be ready for another breakout in 2024 and into 2025 – coinciding with Bitcoin’s halving theory. Should I Buy Dogecoin? The Story of the 'Wow' Coin. What is Dogecoin. Dogecoin gained 50 per cent in the space of a few hours on February 4 to reach a price of $0.05. Within a month, Dogecoin.com received a million visitors, and its price jumped by 300%. Originally, the project only garnered attention for a select Reddit community. But personally I wouldn't start pouring your savings into it. By December 2013, one Bitcoin was worth $1,083.14.The world was starting to take cryptocurrency seriously. If you want to play and learn, also great. Really though, what is the USD backed by?

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