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Linus should buy $50k worth of Dogecoin!

RoseLuck462
By RoseLuck462
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It's so hot right now @_@

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6 minutes ago, RoseLuck462 said:

It's so hot right now @_@

so i just read to see what was happening, and I didn't realize dogecoin was unlimited. Outside the sarcasm of this post, do you think that could actually make it big?

Insanity is not the absence of sanity, but the willingness to ignore it for a purpose. Chaos is the result of this choice. I relish in both.

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<-- Moved to Off Topic -->

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Dogecoin is so flawed, it's actually fairly funny.

 

10,000 Dogecoin has to be bought every single minute, or around 2600 USD as of right now, for it's price to hold steady. This doesn't sound like much, but most people in the cryptocurrency world are doing the tried and tested HODL method to make money. Which can only really be done by investing in a stable coin that has certain features coded into it. Such as BTC or ETH. It shouldn't be done on a coin that is so pump and dump, like DOGE is.

 

Coins that aren't crazy inflationary, like ETH are the ones you want to sit with to make long term money. Ethereum was forcasted to have around 150,000,000 coins in circulation as of right now in its white paper. But it only has 113,000,000 in circulation. Ethereum is a good store of value IMO.

 

Anyways, DOGE is already starting to lose value after a bull run.

 

image.png.b91541e439c9362ea8d01d3082899f09.png

 

There's also alot of huge red flags with DOGE. Such as the fact that a single address owns 28% of all DOGE in circulation.

 

image.png.0effafa9839fad223421ae1b64c3feeb.png

 

1 hour ago, Jtalk4456 said:

so i just read to see what was happening, and I didn't realize dogecoin was unlimited. Outside the sarcasm of this post, do you think that could actually make it big?

Big in supply sure. But not market cap. Atleast I don't think so.

 

 

As with anything, this ain't financial advice. Also please don't go around saying "Yeah you should put (insert amount of money here) into this thing"

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I believe Linus said something to the effect of "hell no" to this exact suggestion on a WAN show...

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