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  #21  
Old 06.05.2021, 22:15
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Re: Dogecoin

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Last time I checked it's a terrible strategy and an expensive move to pump the stock before any deal has actually happened.
There never was a deal. I think that much is clear.

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If you want to invest in it for some fun then I'd do it (my get out clause in case it moons and you blame me )
Dogecoin has mooned already, about 20,000% since the beginning of 2021. A bunch of pimply Redditors are trying to push it to $1. If it gets there—and it won't, because the smart investors will sell out between $0.75 and $0.85—it will just come tumbling down. At best, you might make 50%, and only if you time the market phenomenally well.
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  #22  
Old 06.05.2021, 22:22
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Re: Dogecoin

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There never was a deal. I think that much is clear.



Dogecoin has mooned already, about 20,000% since the beginning of 2021. A bunch of pimply Redditors are trying to push it to $1. If it gets there—and it won't, because the smart investors will sell out between $0.75 and $0.85—it will just come tumbling down. At best, you might make 50%, and only if you time the market phenomenally well.
How can you put a sell out price for an asset which has no intrinsic value? Genuine question. Why not 50c or 1.20?
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  #23  
Old 06.05.2021, 22:52
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Re: Dogecoin

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How can you put a sell out price for an asset which has no intrinsic value? Genuine question. Why not 50c or 1.20?
There is a stated aim on Reddit to pump Dogecoin to $1. These are the same determined people with no financial nous who were behind the GameStop shenanigans. As I said, a smart investor would sell out before that point, which may never arrive. I would do so around $0.80. (By the way, GameStop is currently about 15% below its manipulated high about four months ago.)
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  #24  
Old 06.05.2021, 23:04
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Re: Dogecoin

Tulips, anyone?
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  #25  
Old 07.05.2021, 00:06
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Re: Dogecoin

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Experienced dogecoin buyers, please help. Which site did you use to purchase the coins? Kraken? Biance?

Thank you for helping out a rookie
I bought with Kraken...the app is easy to use. Low rates. It’s like Bitcoin with a heart, people who have donated to good causes (mostly dog welfare) from it’s proceeds were very specific, many dogs will now have costly operations for example. I’m impressed.
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Old 07.05.2021, 00:08
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Re: Dogecoin

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There is a stated aim on Reddit to pump Dogecoin to $1. These are the same determined people with no financial nous who were behind the GameStop shenanigans. As I said, a smart investor would sell out before that point, which may never arrive. I would do so around $0.80. (By the way, GameStop is currently about 15% below its manipulated high about four months ago.)
$10 is now the new $1. Never invest more than you can afford though.
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  #27  
Old 07.05.2021, 07:43
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Re: Dogecoin

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I bought with Kraken...the app is easy to use. Low rates. It’s like Bitcoin with a heart, people who have donated to good causes (mostly dog welfare) from it’s proceeds were very specific, many dogs will now have costly operations for example. I’m impressed.
Real question: If I buy 1000 dogecoin's at 0.8 USD currently, which costs me 800 dollars, what can I buy with them ? Beyond comedy giving away as the equivalent of a "thanks" in EF, does dogecoin actually have any ability to purchase ?
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  #28  
Old 07.05.2021, 09:15
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Re: Dogecoin

Not much at the moment except in USA.

Maybe this helps, a very good description of Dogecoin which is more secure and faster than Bitcoin.

https://www.securities.io/investing-...-need-to-know/
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  #29  
Old 07.05.2021, 09:50
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Re: Dogecoin

isn't it easier just go to casino? They serve drinks there too

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This is what I was going to do. Invest CHF 500 to 1000 and see how it goes.

Thank you for the information everyone
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  #30  
Old 07.05.2021, 10:03
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Re: Dogecoin

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isn't it easier just go to casino? They serve drinks there too
Crypto is about timing. Casino is about odds.
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  #31  
Old 07.05.2021, 10:04
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Re: Dogecoin

However you look this it is a legalised pyramid scheme or Ponzi scam.

The more people buy, the price will go up, and when people start selling en masse the price will fall.

The problem is that the supply of bitcoins is uncontrolled and entirely unmanaged and well lets be honest absolutely deeply intertwined with tech.

Yesterday or the day before IBM announced that it has managed to develop 2nm chips in production. In keeping with More's law that states.

The number of transistors on a microchip doubles every two years, though the cost of computers is halved. Moore's Law states that we can expect the speed and capability of our computers to increase every couple of years, and we will pay less for them.

What does this mean for bitcoins, well it means I can mine more coins faster for less money.
What does that mean for their price. It means the supply of coins will increase, so their price will fall. It will fall unless the number of people buying into the ponzi scheme keeps up.
Is the number of individuals willing to sink money into this bottomless, no as has been proved again and again by other ponzi schemes.

So its all question of time, at some point in the future, everybody who has sunk money into bitcoins will lose their shirts. When enough people have lost their shirts, the Bitcoin will crash and burn.

Add to the uncertainty of this to the fact that by 2028 China who has banned bitcoins in 2017 will be the largest economy in the world. And as everyone has discovered unlike the rest of us on the planet, the Chinese do what their bloody well told [that is why covid-19 was eradicated in China]. And well if you cannot trade with bitcoins, they're worthless.

I suggest you invest in something a bit more climate friendly. Climate friendly because all the money in the world is going to be worthless if your place is underwater, the local air in unbreathable, the local food in-edible, the local water undrinkable and the local weather so unpredictable you risk your life every time you go out, indeed you need to live in a water tight underground bunker.
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  #32  
Old 07.05.2021, 10:25
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Re: Dogecoin

Whole game may be changing very soon.
Cause uncle Sam and sister EU are stepping in.
https://www.economist.com/leaders/20...es-that-matter
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  #33  
Old 07.05.2021, 10:30
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Re: Dogecoin

One thing that helps to keep craziness at bay is visiting twitter every once in a while. Take a look at the screen captures all the people proudly shares to show their 1000% growth in crypto and talk about generational investment opportunity and stuff like that. Take a good look at those pics.....then take a look at your mandatory cash stash for 3-6 months of rent, health insurance, FOOD, GAS and other basic stuff. Funny thing is I'm not even investing, it's just savings for a rainy day.
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  #34  
Old 07.05.2021, 11:14
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Re: Dogecoin

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However you look this it is a legalised pyramid scheme or Ponzi scam.

The more people buy, the price will go up, and when people start selling en masse the price will fall.

The problem is that the supply of bitcoins is uncontrolled and entirely unmanaged and well lets be honest absolutely deeply intertwined with tech.

Yesterday or the day before IBM announced that it has managed to develop 2nm chips in production. In keeping with More's law that states.

The number of transistors on a microchip doubles every two years, though the cost of computers is halved. Moore's Law states that we can expect the speed and capability of our computers to increase every couple of years, and we will pay less for them.

What does this mean for bitcoins, well it means I can mine more coins faster for less money.
What does that mean for their price. It means the supply of coins will increase, so their price will fall. It will fall unless the number of people buying into the ponzi scheme keeps up.
Is the number of individuals willing to sink money into this bottomless, no as has been proved again and again by other ponzi schemes.

So its all question of time, at some point in the future, everybody who has sunk money into bitcoins will lose their shirts. When enough people have lost their shirts, the Bitcoin will crash and burn.

Add to the uncertainty of this to the fact that by 2028 China who has banned bitcoins in 2017 will be the largest economy in the world. And as everyone has discovered unlike the rest of us on the planet, the Chinese do what their bloody well told [that is why covid-19 was eradicated in China]. And well if you cannot trade with bitcoins, they're worthless.
I think you make good points but as an individual responsible investor you would use common sense anyway. With experience (I have experience in Crypto - but I’m no expert), I use the following criteria/strategies to invest, in this case in Dogecoin.
  • Invest a minimal amount early (research thoroughly), lets say $5,000
  • Cash-in half when half of initial amount is gained (therefore I can only lose half or less than initial amount)
  • Accept that the investment cannot be used as liquid for the foreseeable future (eg. 2 years)
  • Obvious but I have to say: I never would invest what I couldn’t afford

If my ‘investment’ (doesn’t matter what you call it) is valued to $25,000 I minus my initial 5,000 and my gain is 20,000. In Dogecoin spirit I then donate around 10,000 to causes close to me, if my ‘normal’ other investments (TSLA, ARVL, CCIV, CLNE, etc) continue to rise I might donate all. I can already think of 1 which involves my local Animal welfare association regarding a women who refuses to stop walking her dog in her car around very busy areas; shopping centre, gas station, etc. Legal means costs money.

The rapidly rising value of Dogecoin means only one thing to me, yes there are greedy speculators who will jump in, but most involved at the moment in this crypto care about the social aspects of our lives through these communities and agree or not, if you’re an all-out money minded person, you probably will get burned. Good luck. Have FUN.

(D/coin rising back above 0.60 as we speak)
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Old 07.05.2021, 11:30
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Re: Dogecoin

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I think you make good points but as an individual responsible investor you would use common sense anyway. With experience (I have experience in Crypto - but I’m no expert), I use the following criteria/strategies to invest, in this case in Dogecoin.
  • Invest a minimal amount early (research thoroughly), lets say $5,000
  • Cash-in half when half of initial amount is gained (therefore I can only lose half or less than initial amount)
  • Accept that the investment cannot be used as liquid for the foreseeable future (eg. 2 years)
  • Obvious but I have to say: I never would invest what I couldn’t afford

If my ‘investment’ (doesn’t matter what you call it) pays off and profits by say $25,000 I minus my initial 5,000 and my gain is 20,000. In Dogecoin spirit I then donate around 10,000 to causes close to me, if my ‘normal’ investment continue to rise I might donate all. I can already think of 1 which involves my local Animal welfare association regarding a women who refuses to stop walking her dog in her car around very busy areas; shopping centre, gas station, etc. Legal means costs money.

The rapidly rising value of Dogecoin means only one thing to me, yes there are greedy speculators who will jump in, but most involved at the moment in this crypto care about the social aspects of our lives through these communities and agree or not, if you’re an all-out money minded person, you probably will get burned. Good luck. Have FUN.

(D/coin rising back above 0.60 as we speak)
I wish this was true, but I strongly believe that this phase is over, there's so much cash flow right now and cryptos are so hyped that all sort of people are getting in it, people that have absolutely no idea about it, people that they even don't believe in it, they're just jumping in to make profit.

Good for you that you'd donate part of your profits to causes you care about, but I strongly think that this is not the case for the vast majority of the people.
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  #36  
Old 07.05.2021, 12:00
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Re: Dogecoin

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I think you make good points but as an individual responsible investor you would use common sense anyway. With experience (I have experience in Crypto - but I’m no expert), I use the following criteria/strategies to invest, in this case in Dogecoin.
  • Invest a minimal amount early (research thoroughly), lets say $5,000
  • Cash-in half when half of initial amount is gained (therefore I can only lose half or less than initial amount)
  • Accept that the investment cannot be used as liquid for the foreseeable future (eg. 2 years)
  • Obvious but I have to say: I never would invest what I couldn’t afford


Don't you see the craziness of this statement ? BTC is meant to be an alternative to cash ("fiat" currency). Yes what you want to do here is wait for your BTC to appreciate in terms of its fiat value, then exchange it for fiat currency. i.e. swap it out for the thing that its meant to be superior to.

Not a criticism - im just pointing out that its all crazy currently.
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  #37  
Old 07.05.2021, 12:16
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Re: Dogecoin

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Don't you see the craziness of this statement ? BTC is meant to be an alternative to cash ("fiat" currency). Yes what you want to do here is wait for your BTC to appreciate in terms of its fiat value, then exchange it for fiat currency. i.e. swap it out for the thing that its meant to be superior to.

Not a criticism - im just pointing out that its all crazy currently.
Doge you mean (?) not BTC.

I have to convert back to cash to re-invest in non-crypto (stocks), as I say I’m no expert but as far as I know, I can’t buy shares with Dogecoin
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  #38  
Old 07.05.2021, 14:28
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Re: Dogecoin

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There never was a deal. I think that much is clear.
'xactly, that and the settlement. The rest is based on imagination.
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  #39  
Old 07.05.2021, 15:36
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Re: Dogecoin

I know this thread is dedicated to Dogecoin, but based on BTC analysis, finally some mathematical factors that can define historical price of the coin:

https://finance.yahoo.com/video/why-...tentType=VIDEO

Personally, I don’t own Bitcoin and would focus on ETH which has potential to grow:
https://fortune.com/2021/05/06/ether...g-usd-bitcoin/

Last edited by jacek; 07.05.2021 at 16:30.
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  #40  
Old 08.05.2021, 06:54
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Re: Dogecoin

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However you look this it is a legalised pyramid scheme or Ponzi scam.

The more people buy, the price will go up, and when people start selling en masse the price will fall.

The problem is that the supply of bitcoins is uncontrolled and entirely unmanaged and well lets be honest absolutely deeply intertwined with tech.

Yesterday or the day before IBM announced that it has managed to develop 2nm chips in production. In keeping with More's law that states.

The number of transistors on a microchip doubles every two years, though the cost of computers is halved. Moore's Law states that we can expect the speed and capability of our computers to increase every couple of years, and we will pay less for them.

What does this mean for bitcoins, well it means I can mine more coins faster for less money.
What does that mean for their price. It means the supply of coins will increase, so their price will fall. It will fall unless the number of people buying into the ponzi scheme keeps up.
Is the number of individuals willing to sink money into this bottomless, no as has been proved again and again by other ponzi schemes.

So its all question of time, at some point in the future, everybody who has sunk money into bitcoins will lose their shirts. When enough people have lost their shirts, the Bitcoin will crash and burn.

Add to the uncertainty of this to the fact that by 2028 China who has banned bitcoins in 2017 will be the largest economy in the world. And as everyone has discovered unlike the rest of us on the planet, the Chinese do what their bloody well told [that is why covid-19 was eradicated in China]. And well if you cannot trade with bitcoins, they're worthless.

I suggest you invest in something a bit more climate friendly. Climate friendly because all the money in the world is going to be worthless if your place is underwater, the local air in unbreathable, the local food in-edible, the local water undrinkable and the local weather so unpredictable you risk your life every time you go out, indeed you need to live in a water tight underground bunker.
I don't think you've done much research on Bitcoin. And your final paragraph is a bit hysterical.

Bitcoin has a fixed supply. That's one of its key attractions. There will only ever be 21,000,000 Bitcoins. About 18.7 million have been mined already, leaving only 2.3 million—just over 10%—yet to be mined. So your suggestion that faster chips and cheaper computers will result in a BTC price crash is unfounded.

Of the 18.7 million BTC that have been mined, around 5 million are: locked in cold storage on exchanges, zombie coins that haven't moved since 2010 (including Satoshi's own coins), seized by governments or law enforcement agencies (Silk Road, etc.), frozen in hackers' wallets, or held by perennial hodlers such as the Winklevoss twins. The actual supply of BTC available for trading is not that huge.

As for "The more people buy, the price will go up, and when people start selling en masse the price will fall", you just defined price movements according to supply and demand. That's what happens every day on the stock market.
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