Dogecoin is Weird But in a Good Way
Little could anyone know
I will admit, I missed the Bitcoin train. I didn't think a digital currency was going to be such a big deal. In fact, in 2009, I really didn't even know what Bitcoin was.
Back then, Bitcoin was considered a joke. I don't think anyone considers is Bitcoin a joke today as it's made many people multi-billionaires.
Now enter a coin, which is probably one of the oddest ones you will ever find. It's a coin that features a dog meme. Seems like it would be a really big joke. In the beginning, it was designed to be a joke. I don't think anyone is joking today as just coin it reaches $0.60USD and above.
Who could have known that a joke coin would become so popular? In the 19 hundreds, people made their fortunes destroying the planet by drilling for oil. Vast fortunes were made to drilling for oil. Today, people are remote to make fortunes with a dog meme.
I find this completely and utterly hilarious. Dogecoin is a strange-looking coin, but people want to adopt it. Sports teams, multi-billionaires, and people are talking about this coin.
We would call this “hype.” We have seen what Bitcoin hype has done to the price of the coin. Now, Dogecoin is not going going to get to the price of Bitcoin, but it will probably go up in price by a wide margin from where it is.
If more people adopt this coin and want to use it, then it might get significantly higher from where it is. No one can consider Dogecoin to be a joke now. It's something that may transform the lives of many people in this world.
Invest Wisely
Of course, Dogecoin may tumble backward and it will probably drop off significantly from the high that it's on. Cryptocurrencies do this as we've seen with Bitcoin and others.
This coin may rise significantly before it does that. You need to decide whether if they want to put any money into Dogecoin. I have invested a small amount in the coin and am pleased with the results. It’s a big gamble to go with his odd coin, but I don’t mind.
The coin laughs at the establishment and our current monetary system. This is one of the reasons why I have invested in it. It's a hilarious coin, yet it is gaining at popularity and price. This goes against all logic in our current system, but for me, I’m grinning just like a dog that is waiting for a bone.
Please do your own due diligence. This article is not meant to be financial advice. Seek the advice of an investment professional before buying any cryptocurrency.