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Started By
Message
I sat next to a Dogecoin enthusiast in a bar today.
Posted on 5/1/21 at 4:58 pm
Posted on 5/1/21 at 4:58 pm
I sit down and hear a bartender ask a neck tat guy next to me what he does for a living. He says he quit his job to make millions. I said " ok , well I have to ask how?"
He said "Crypto".
Then he went on to tell me how Dogecoin is the future, but when I brought up circulating supply, he didn't understand.
He told me he has made other people millions on dogecoin by suggesting it.
I understand that this is part of the growing process of crypto, but this is embarrassing.
He said "Crypto".
Then he went on to tell me how Dogecoin is the future, but when I brought up circulating supply, he didn't understand.
He told me he has made other people millions on dogecoin by suggesting it.
I understand that this is part of the growing process of crypto, but this is embarrassing.
This post was edited on 5/1/21 at 6:08 pm
8
Posted on 5/1/21 at 5:01 pm to James11111
Man, you must be a real cool dude
Posted on 5/1/21 at 5:02 pm to James11111
Why? If he has made money on it then how is it embarrassing. No more than someone suggesting BTC 10 years ago or LINK 5 years ago, etc.....
Posted on 5/1/21 at 5:12 pm to tduecen
I know some people who have made a tidy profit from Doge
Not enough to retire but enough to make their life more comfortable for sure
Not enough to retire but enough to make their life more comfortable for sure
Posted on 5/1/21 at 5:13 pm to tduecen
quote:
Why? If he has made money on it then how is it embarrassing. No more than someone suggesting BTC 10 years ago or LINK 5 years ago, etc.....
Im not against people making money. I am suggesting that my interaction must be the norm with DogeBros.
Dodgecoin doesnt help me. ( I made sure to list this first ) i dont think it helps Crypto in general because of its history.
This post was edited on 5/1/21 at 5:41 pm
Posted on 5/1/21 at 6:14 pm to James11111
It’s a joke. It’s a pump and dump. Yes, people made piles that got in at 0.01 and 0.001, but the Fomo crowd at .30/35/40/45 is going to get rugged hard.
They Don’t take profits as they think it will go to one dollar or more and then it crashes. They go crypto quiet and will tell everyone they cashed out when in reality they are a big loss.
They Don’t take profits as they think it will go to one dollar or more and then it crashes. They go crypto quiet and will tell everyone they cashed out when in reality they are a big loss.
This post was edited on 5/1/21 at 6:15 pm
Posted on 5/1/21 at 6:22 pm to James11111
quote:
neck tat guy
Michael?
Posted on 5/1/21 at 6:23 pm to tduecen
quote:It's not even the same man
Why? If he has made money on it then how is it embarrassing. No more than someone suggesting BTC 10 years ago or LINK 5 years ago, etc.....
Posted on 5/1/21 at 6:51 pm to James11111
Reminds me of Peter Lynch saying something along the lines when your dentist, plumber, process operator, etc are suggesting can't miss stocks (in this case cryptos), it's time to sell.
Posted on 5/1/21 at 7:01 pm to James11111
Do you guys who hate Doge so much realize how stupid you sound???
So if the guy bought $1000 of Doge when it was worth $.001 and now he’s made $410,000 that makes him an idiot?
Or maybe he’s brilliant and you’re stuck in the past?
So if the guy bought $1000 of Doge when it was worth $.001 and now he’s made $410,000 that makes him an idiot?
Or maybe he’s brilliant and you’re stuck in the past?
This post was edited on 5/1/21 at 7:01 pm
Posted on 5/1/21 at 7:04 pm to Jason9782003
You guys truly are idiots.
Is Dogecoin the next future currency of the earth? Probably not
But those of you hating on people for owning it when it’s gone up 10,000% this year just look like jealous dumbasses stuck in the Stone Age. Congrats on your 8% profits on the year, your great nephew made $4million and shits on your face
Is Dogecoin the next future currency of the earth? Probably not
But those of you hating on people for owning it when it’s gone up 10,000% this year just look like jealous dumbasses stuck in the Stone Age. Congrats on your 8% profits on the year, your great nephew made $4million and shits on your face
This post was edited on 5/1/21 at 7:12 pm
Posted on 5/1/21 at 7:06 pm to Tiger1242
quote:
Do you guys who hate Doge so much realize how stupid you sound???
So if the guy bought $1000 of Doge when it was worth $.001 and now he’s made $410,000 that makes him an idiot?
Or maybe he’s brilliant and you’re stuck in the past?
Obviously it was a great investment. It's the ones that think Doge is going to be the "next bitcoin" or will go to $10 are the ones that don't really understand the economics of it. As long as they can ride this wave up it's a good investment, but it will crash at some point, and unfortunately just like GME, a lot of people will be stuck holding the bags.
Posted on 5/1/21 at 7:16 pm to zzgobucky
quote:
Obviously it was a great investment. It's the ones that think Doge is going to be the "next bitcoin" or will go to $10 are the ones that don't really understand the economics of it. As long as they can ride this wave up it's a good investment, but it will crash at some point, and unfortunately just like GME, a lot of people will be stuck holding the bags.
Isnt this true for every investment? When you sell a stock at its peak for a huge profit aren’t you selling to someone who’s buying at that peaks and will be left holding the bag?
It’s no different, most who hate on Doge are just too old and stupid to understand that younger people can also make money
Posted on 5/1/21 at 7:20 pm to James11111
As stupid as it sounds, and I say this with extreme remorse, Dogecoin feels like a safe and solid short term investment, at least until next weekend when Elon Musk blows it to Saturn on SNL next weekend.
Posted on 5/1/21 at 7:46 pm to Tiger1242
quote:
Isnt this true for every investment? When you sell a stock at its peak for a huge profit aren’t you selling to someone who’s buying at that peaks and will be left holding the bag?
It’s no different, most who hate on Doge are just too old and stupid to understand that younger people can also make money
Not in my opinion. An investment is what someone does when they analyze the company, its debts, its overhead, its market competition, etc. If you do this and conclude its worth buying and holding for years (because of those fundamentals) then you didn't get lucky, you were smart. Presumably the person buying when you cash out profits also has invested and doesn't become just a bag holder too stubborn to sell.
If you buy something you don't understand its closer to gambling. If you bought a winning ticket then you kinda made the right choice but if you continue to play the house will take back your winnings.
Posted on 5/1/21 at 7:51 pm to molsusports
So in your opinion everyone who bought Doge at $.01 got lucky?
Posted on 5/1/21 at 7:54 pm to Tiger1242
quote:
Do you guys who hate Doge so much realize how stupid you sound???
So if the guy bought $1000 of Doge when it was worth $.001 and now he’s made $410,000 that makes him an idiot?
Or maybe he’s brilliant and you’re stuck in the past?
I didn't say I hated Doge. I mentioned that the average Doge investor is an embarrassment.
Posted on 5/1/21 at 8:05 pm to Tiger1242
quote:
So in your opinion everyone who bought Doge at $.01 got lucky?
I am talking about the process of investing.
Anyone who makes money on anything that they don't understand and satisfy themselves has underlying value is gambling, not investing.
I am not expert in Doge. My understanding from people who claim to understand it do not appear to argue it has the characteristics of bitcoin or ethereum.
Are there underlying values to Doge that make its value intrinsic? If there are then they could make an interesting investment argument.
Posted on 5/1/21 at 9:35 pm to molsusports
quote:
Are there underlying values to Doge that make its value intrinsic? If there are then they could make an interesting investment argument.
No see you are missing the point for those of us who got into Doge under $.05
It’s not that the actual product is revolutionary. It’s that the momentum for people to buy is crazy high. When it jumped to $.08 and then dropped to $.051 I knew I should buy because straight momentum was going to rifle it up a lot
Turns out I was right and I’ve made a ton of money and still have some in trying to make more. Best investment I’ve ever made TBH
Posted on 5/1/21 at 9:42 pm to Jason9782003
quote:
Reminds me of Peter Lynch saying something along the lines when your dentist, plumber, process operator, etc are suggesting can't miss stocks (in this case cryptos), it's time to sell.
This anecdote has been regurgitated for almost a century.
“JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash:”
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