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  #101  
Old 14.05.2021, 15:02
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Re: Dogecoin

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Go on Doge!!!

Was down to 0.32 after the Elon saga and I admit I was worried (but stocked up), now 0.53! A whopping 20% rise overnight..

I can see this going to $10+ after this episode which was a real test. I’m also looking at the related SHIB https://en.wikipedia.org/wiki/Shiba_...in?wprov=sfti1 now too. What fun all of this time off (from my business) has become.
So a joke "currency" is going to be worth more than Google? This is going to end well.
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  #102  
Old 14.05.2021, 17:36
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Re: Dogecoin

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Go on Doge!!!

Was down to 0.32 after the Elon saga and I admit I was worried (but stocked up), now 0.53! A whopping 20% rise overnight..

I can see this going to $10+ after this episode which was a real test. Iím also looking at the related SHIB https://en.wikipedia.org/wiki/Shiba_...in?wprov=sfti1 now too. What fun all of this time off (from my business) has become.
So now you want to "invest" also in the copy of the caricature of the caricature? This is so bizarre, I wouldn't even be surprised if this goes well (for a while) with the crypto hype among private "investors" having lo limit currently.

Ah, I am probably just miserable from looking at my boring blue chip shares
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  #103  
Old 14.05.2021, 18:57
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Re: Dogecoin

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So now you want to "invest" also in the copy of the caricature of the caricature? This is so bizarre, I wouldn't even be surprised if this goes well (for a while) with the crypto hype among private "investors" having lo limit currently.

Ah, I am probably just miserable from looking at my boring blue chip shares
GameStop ?
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  #104  
Old 14.05.2021, 19:02
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Re: Dogecoin

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GameStop ?
No, they pay too much dividend for my taste.
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  #105  
Old 14.05.2021, 19:07
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Re: Dogecoin

I can understand desperation and anguish of folks who pumped so much in equities in the past and expected stellar returns. Crypto space offers quite a lotta diversity at the moment with many interesting projects/tokens. However when someone makes gods out of shitcoins and their offsprings, it’s mind boggling. Elon plays markets and people are so gullible!
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  #106  
Old 14.05.2021, 19:07
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Re: Dogecoin

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So now you want to "invest" also in the copy of the caricature of the caricature? This is so bizarre, I wouldn't even be surprised if this goes well (for a while) with the crypto hype among private "investors" having lo limit currently.

Ah, I am probably just miserable from looking at my boring blue chip shares
I suspect we are into a crypto Indian summer now
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  #107  
Old 14.05.2021, 19:24
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Re: Dogecoin

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I suspect we are into a crypto Indian summer now
... as happens every year. The crypto market is quite reassuringly cyclical. The decent coins will drop again, then climb to new dizzying heights some time in the next 1–4 years.

Last edited by Guest; 15.05.2021 at 01:32.
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  #108  
Old 14.05.2021, 19:39
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Re: Dogecoin

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I can understand desperation and anguish of folks who pumped so much in equities in the past and expected stellar returns. Crypto space offers quite a lotta diversity at the moment with many interesting projects/tokens. However when someone makes gods out of shitcoins and their offsprings, it’s mind boggling. Elon plays markets and people are so gullible!
Come on, it’s only a bit of FUN, don’t get so dramatic. Musk is not playing markets he is busy enough running successful companies and its just some people who are big enthusiasts, playing on everything he does/says. So what? ... let them be.

Latest: Dogecoin gains the 40% it was down (now $0.56).

Last edited by Hausamsee; 14.05.2021 at 20:07.
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  #109  
Old 14.05.2021, 20:08
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Re: Dogecoin

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... as happens every year. The crypto market is quite reassuringly cyclical. The recent coins will drop again, then climb to new dizzying heights some time in the next 1–4 years.
If I'm reading psychology right:

Bitcoin is on the edge of a pretty severe crash, investors will move their money into alternative coins which will have a significant bounce followed by a bigger crash. Money fleeing crypto as a class will bolster the high p/e end of the stock market.

There will be a winter followed by a rise again but I doubt we will see the kind of % rises we saw in recent months.

Eventually it will stabilise.

But for now there's just way, way too much money in an asset class which is purely a speculative vehicle. I think joe public thinks the good times will never end and once they do a lot will never re-enter.

But this is based on no fundamentals whatsoever so could be 100% wrong.
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  #110  
Old 14.05.2021, 20:13
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Re: Dogecoin

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I can understand desperation and anguish of folks who pumped so much in equities in the past and expected stellar returns. Crypto space offers quite a lotta diversity at the moment with many interesting projects/tokens. However when someone makes gods out of shitcoins and their offsprings, it’s mind boggling. Elon plays markets and people are so gullible!
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If I'm reading psychology right:

Bitcoin is on the edge of a pretty severe crash, investors will move their money into alternative coins which will have a significant bounce followed by a bigger crash.
...Bitcoin crash? Up to 50k again today (4%)...I would say down to $30-35,000 would be your ‘severe crash’ scenario.
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  #111  
Old 14.05.2021, 20:24
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Re: Dogecoin

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...Bitcoin crash? Up to 50k again today (4%)...I would say down to $30-35,000 would be your ‘severe crash’ scenario.
It's crashed 80-90% before. It's investors are largely fairweather types. The possibility for snowballing is immense. I certainly wouldn't be surprised to see it below 10k. And if the us decide it's over, it's really over. In my scenario I'd expect a decline to 5-20 but eventually to get back to where it is now.
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  #112  
Old 14.05.2021, 21:18
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Re: Dogecoin

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If I'm reading psychology right:

Bitcoin is on the edge of a pretty severe crash, investors will move their money into alternative coins which will have a significant bounce followed by a bigger crash. Money fleeing crypto as a class will bolster the high p/e end of the stock market.

There will be a winter followed by a rise again but I doubt we will see the kind of % rises we saw in recent months.

Eventually it will stabilise.

But for now there's just way, way too much money in an asset class which is purely a speculative vehicle. I think joe public thinks the good times will never end and once they do a lot will never re-enter.

But this is based on no fundamentals whatsoever so could be 100% wrong.
I hate the truth of this post but tend to agree. It’s speculative asset and you have to be extremely carefully and cash out before others do. Don’t wanna be the last man standing with plenty of crap-coins being worthless.

However, same logic applies to money making businesses which equity market governs. Same thing here with the bigger fool’s theory. When the stocks crash Mr. Buffet from Berkshire Hathaway won’t send you a warning email either, oder?

All these speculative vehicles require a stomach for big swings, gains and losses.

With anything there will always be good times and bad times and one has to be aware of this fact when investing.
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  #113  
Old 14.05.2021, 23:28
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Re: Dogecoin

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Come on, itís only a bit of FUN, donít get so dramatic. Musk is not playing markets he is busy enough running successful companies and its just some people who are big enthusiasts, playing on everything he does/says. So what? ... let them be.

Latest: Dogecoin gains the 40% it was down (now $0.56).
Itís fun as long as one does not lose serious money or becomes infatuated by the dog(e) on leash:

https://finance.yahoo.com/news/musk-...184043860.html
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  #114  
Old 15.05.2021, 08:38
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Re: Dogecoin

How does this work.

1. You buy a crypto currency, the cheapest/fastest rising one.
2. You watch it day by day move.
3. You tell all your friends to buy it.
4. You ask all your friends to tell all their friends to buy it.
5. You ask all your friends to ask all their friends to buy it.
6. You log in the next day to see if the price has changed.
7. You log in the morning the next day to see if the price changed.
8. You log in the afternoon to see if the price changed.

As you become more and more desperate to see the price rise you start to post messages on anonymous messaging boards like quora, reddit and dare I say EF to tell anyone and everyone that they it is a great investment that they should invest in. A crypto currency is a pump and dump asset, nothing more. It is gambling. It has exactly the same profile. Identical. But it has a special name a pyramid or ponzi scheme, because the prices depends on others continuing to invest in it.

I am sure I read somewhere that we're all no more than 5 connections away from everybody else, think about that when you buy crypto currencies.

And hey you better hope that it doesn't go professional, because it the zombies controlling hedge funds and others with vast amounts of cash to move around start taking an interest, your all going to get your fingers burnt.
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  #115  
Old 15.05.2021, 11:57
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Re: Dogecoin

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How does this work.

1. You buy a crypto currency, the cheapest/fastest rising one.
2. You watch it day by day move.
3. You tell all your friends to buy it.
4. You ask all your friends to tell all their friends to buy it.
5. You ask all your friends to ask all their friends to buy it.
6. You log in the next day to see if the price has changed.
7. You log in the morning the next day to see if the price changed.
8. You log in the afternoon to see if the price changed.

As you become more and more desperate to see the price rise you start to post messages on anonymous messaging boards like quora, reddit and dare I say EF to tell anyone and everyone that they it is a great investment that they should invest in. A crypto currency is a pump and dump asset, nothing more. It is gambling. It has exactly the same profile. Identical. But it has a special name a pyramid or ponzi scheme, because the prices depends on others continuing to invest in it.

I am sure I read somewhere that we're all no more than 5 connections away from everybody else, think about that when you buy crypto currencies.

And hey you better hope that it doesn't go professional, because it the zombies controlling hedge funds and others with vast amounts of cash to move around start taking an interest, your all going to get your fingers burnt.
Again: you just described every asset or investment opportunity. Prices fluctuate according to demand. If more people want the asset, prices go up.

Outside of very limited industrial applications, gold has no intrinsic value. Some people think it's pretty. That's all. But (most) cryptocurrencies actually do have a functional purpose: they enable blockchains to function. Please do some research to learn what blockchains are and discover how ubiquitous they have already become. Then maybe you'll understand the value of cryptocurrencies (other than joke coins, which I agree, are a disaster waiting to happen).

Oh, and crypto has already "gone professional". When Goldman Sachs is into them, you know that they are a "thing".
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  #116  
Old 15.05.2021, 14:14
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Re: Dogecoin

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How does this work.

1. You buy a crypto currency, the cheapest/fastest rising one.
2. You watch it day by day move.
3. You tell all your friends to buy it.
4. You ask all your friends to tell all their friends to buy it.
5. You ask all your friends to ask all their friends to buy it.
6. You log in the next day to see if the price has changed.
7. You log in the morning the next day to see if the price changed.
8. You log in the afternoon to see if the price changed.

As you become more and more desperate to see the price rise you start to post messages on anonymous messaging boards like quora, reddit and dare I say EF to tell anyone and everyone that they it is a great investment that they should invest in. A crypto currency is a pump and dump asset, nothing more. It is gambling. It has exactly the same profile. Identical. But it has a special name a pyramid or ponzi scheme, because the prices depends on others continuing to invest in it.

I am sure I read somewhere that we're all no more than 5 connections away from everybody else, think about that when you buy crypto currencies.

And hey you better hope that it doesn't go professional, because it the zombies controlling hedge funds and others with vast amounts of cash to move around start taking an interest, your all going to get your fingers burnt.
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John Pierpont Morgan

These days, we are less articulate and just say FOMO around the internet
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  #117  
Old 16.05.2021, 15:32
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Re: Dogecoin

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Oh, and crypto has already "gone professional". When Goldman Sachs is into them, you know that they are a "thing".
Goldman Sachs, you mean these guys.

https://www.bbc.com/news/business-55821055

I am sorry but crypto currencies are snake oil. They sounded like snake oil when I learned about them 4 years ago, and they're have a very low entry point through which many snake salesmen have jumped on board.

So please, please stop misleading people by calling them an investment, they are not, they are a wild gamble.

And investing and gambling are not the same beasts.

You going to need just one George Soros character take an interest and everyone will lose their shirts, except George of course, who will be laughing all the way to the bank with everyone else's hard earned cash.

https://www.investopedia.com/ask/ans...of-england.asp
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  #118  
Old 16.05.2021, 16:12
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Re: Dogecoin

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John Pierpont Morgan

These days, we are less articulate and just say FOMO around the internet
Both FOMO and HODL are two acronyms that have concurred the world lately
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  #119  
Old 16.05.2021, 16:40
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Re: Dogecoin

Nice little story this: https://youtu.be/SIpXJZ7m32I

Btw, not much talk about Dogecoin on this thread so I post the above about crypto in general. I personally don’t really care about Bitcoin, I bought and sold to test Kraken...I have promised 1,000.- to my local Tierschutzverein for some homeless turtles who can be re-housed with the Doge money (I haven’t made that much btw) which I bought for a bit of fun and you know it really does feel good to do that! I cash-out half next week at around 2,000.- profit. The woman who walks her dog in her car has stopped it after the 2nd warning btw.. Power to the Doge!

Last edited by Hausamsee; 16.05.2021 at 17:03.
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  #120  
Old 16.05.2021, 17:37
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Re: Dogecoin

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Both FOMO and HODL are two acronyms that have concurred the world lately
HODL isn't an acronym. It's a drunk forum post.
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