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Inflation blues got down? Just put it all in to DOG MONEY!
Posted on 5/7/21 at 8:32 pm
Posted on 5/7/21 at 8:32 pm
Totally nerdy rap spoof about DOGE coin and other crypto-currency stuff I don't fully grasp. But, thought this was pretty clever
twatter video
twatter video
4
Posted on 5/7/21 at 8:52 pm to PhDoogan
*
This post was edited on 5/7/21 at 8:53 pm
Posted on 5/7/21 at 10:23 pm to PhDoogan
quote:
Totally nerdy rap spoof about DOGE coin and other crypto-currency stuff I don't fully grasp. But, thought this was pretty clever
I remember when it was under a penny.
Now it’s up to 70 cents and should pass 1 dollar soon. Never thought a crypto invented by a twelve year old kid would go this far. Lol!
Posted on 5/7/21 at 10:28 pm to TS1926
quote:
Totally nerdy rap spoof about DOGE coin and other crypto-currency stuff I don't fully grasp. But, thought this was pretty clever
I remember when it was under a penny.
Now it’s up to 70 cents and should pass 1 dollar soon. Never thought a crypto invented by a twelve year old kid would go this far. Lol!
I heard some dude on the radio say the two people who whipped up dogecoin were just making some fun of Bitcoin....if that’s true it’s crazy it’s now one of the biggest speculative investments
Posted on 5/7/21 at 10:40 pm to Bass Tiger
quote:Correct, it was created as a joke to be a meme coin. Social media has more crowd sourcing power than anyone really imagined and this is a great example. It got a worthless coin to $90 billion market cap.
I heard some dude on the radio say the two people who whipped up dogecoin were just making some fun of Bitcoin
Posted on 5/7/21 at 11:07 pm to TigerTatorTots
quote:
I heard some dude on the radio say the two people who whipped up dogecoin were just making some fun of Bitcoin
Correct, it was created as a joke to be a meme coin. Social media has more crowd sourcing power than anyone really imagined and this is a great example. It got a worthless coin to $90 billion market cap.
That’s ^^^ kinda frightening to think there’s billions of dollars invested in a non tangible investment. That’s the kind of investment that can evaporate in a few days.
Posted on 5/7/21 at 11:09 pm to TigerTatorTots
quote:
It got a worthless coin to $90 billion market cap.
What does this mean?
Posted on 5/7/21 at 11:11 pm to Bass Tiger
quote:
That’s ^^^ kinda frightening to think there’s billions of dollars invested in a non tangible investment. That’s the kind of investment that can evaporate in a few days.
Like Fiat currency?
Posted on 5/7/21 at 11:12 pm to SDVTiger
quote:Do you know what market cap is? No different than stocks. $90 billion market cap is the size/value of all of the Dogecoins multiplied by the current Dogecoin price ($0.70). Just like Apple stock market cap is the price of all outstanding shares of stock times the price of each share of stock ($130) = ~$2.1 trillion market cap.
What does this mean?
Posted on 5/7/21 at 11:16 pm to CountryVolFan
quote:
Like Fiat currency?
No
Posted on 5/7/21 at 11:58 pm to PhDoogan
Cryptos are the synthetic CDOs of the currency world.
Posted on 5/8/21 at 6:19 am to TigerTatorTots
quote:
Do you know what market cap is? No different than stocks. $90 billion market cap is the size/value of all of the Dogecoins multiplied by the current Dogecoin price ($0.70). Just like Apple stock market cap is the price of all outstanding shares of stock times the price of each share of stock ($130) = ~$2.1 trillion market cap.
Isn't a difference between dogecoin and bitcoin that the former did not initially set a size/# limit whereas the latter did? Meaning that the dogecoin could do effectively a 'stock' split and devalue the outstanding 'shares?'
Posted on 5/8/21 at 6:22 am to PhDoogan
Thats beautiful 
Posted on 5/8/21 at 6:24 am to TerryDawg03
quote:
Cryptos are the synthetic CDOs of the currency world.
The dollar is doomed
Posted on 5/8/21 at 7:10 am to Strannix
Posted on 5/8/21 at 8:08 am to PhDoogan
quote:
Isn't a difference between dogecoin and bitcoin that the former did not initially set a size/# limit whereas the latter did? Meaning that the dogecoin could do effectively a 'stock' split and devalue the outstanding 'shares?'
Yea bitcoin will only ever have 21 million coins. That cannot be changed.
Dogecoin currently has 128 billion coins and 14 million new coins are “printed” everyday. There is no supply cap so the amount of potential coins is unlimited
Posted on 5/8/21 at 8:33 am to TigerTatorTots
Seems like they would want to slow down the BRRRRRRR (beep boop bleep) BRRRRRR of the digital money press a bit, but what do I know.
Posted on 5/8/21 at 9:26 am to TigerTatorTots
How many tulips can you buy with one of these coins?
Posted on 5/8/21 at 9:50 am to Wildcat1996
quote:
How many tulips can you buy with one of these coins?
A thing of 40 tulip bulbs at Home Depot is $10 so Dogecoin can buy roughly 3 tulips. A bitcoin can buy roughly 232,000 tulips.
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