re: I sat next to a Dogecoin enthusiast in a bar today.

quote:

---

Wow that’s one heck of a technical analysis! I’m not sure how anyone could possibly think that those who are profiting on Doge are simply lucky.

---

And I guess that’s what people who missed this boat are missing.

It’s not technical, the best I can describe it is “read the room”. shite ton of people talking about it, way more affordable than bitcoin, it was due to sky rocket off of just being a popular thing. Turns out it did, I don’t think it’s luck personally....

quote:

---

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

---

I understand your point of view. You are trading. Using narrative. But I tend to characterize that as speculation. I'm happy for you if you timed the market correctly.

quote:

---

I don't overanalyze things. I saw and hoped to make a quick thousand, did, and got out. I'm happy with that.

---

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 think the idiotic part of it is that he quit his job to get rich in crypto but doesn't seem to have a grasp of the basic fundamentals of crypto.

quote:

---

It’s no different, most who hate on Doge are just too old and stupid to understand that younger people can also make money

---

That is a pretty amazing quote. I’m not super old like some of you nasties, but I am kind of jealous that I wasn’t thrown into the investing world a little sooner - I think this will be a net positive in the long run.

I sat at a bar the other day, and the bartender started telling me about how his "dodge coin" and "lit coin" were performing.

quote:

---

Yep, saw Doge trending and price about to explode, knew it was going to kick off, bought at $.05 and sold 1/2 at $.30 for close to a $10k profit, pure luck...

---

Man, if I invested in every stock/crypto that trended on the internet... I would too get lucky once or twice and lose the rest haha!

quote:

---

If it wasn’t lucky you shouldn’t have any problem repeating it. I look forward to your next big idea.

---

So I made one good decision so that means I should “easily” just be able to invest and make tons of money anywhere? Haha I wish it was that easy.

Here’s the bottom line:

There was plenty of smoke and signs out there hinting at Doge exploding. Some people already owned a ton of it because they bought it at nothing to be a part of some internet meme and got lucky. Others saw the smoke and looked at the smoke, read the signs, bought it when it was still super low and made a ton of money on a great short term investment. Others got jealous and bought in at $.35 and are probably going to lose money.

Everyone bitching that Doge is “bad for crypto” or laughing at anyone who profited from it as just being lucky just sound like petty jealous old farts who don’t understand what happened and can’t fathom anyone else being able to make money on something they don’t understand.

Saw it trending so I invested It was a bet on social media and human stupidity and you won