Please explain Dogecoin

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  • Otters27
    BARRELED IN @ SBR!
    • 07-14-07
    • 30749

    #1
    Please explain Dogecoin
    Why invest in it if an infinite amount can be created
  • Unrivaled
    SBR Hall of Famer
    • 10-24-11
    • 6685

    #2
    It's a joke coin. You are basically gambling and spinning a wheel every day to see where the price goes.
    Comment
    • Roger T. Bannon
      SBR Hall of Famer
      • 06-28-18
      • 5139

      #3
      Will Rogers had the best advice on investing: Buy yourself some good stock that goes up. If it don't go up, don't buy it.

      dogecoin goes up.
      Comment
      • WireWire
        SBR Wise Guy
        • 02-02-21
        • 942

        #4
        It's a coin that won't get passed $1.00, it's a novelty coin, its to late to invest in it now, always the next big thing around the corner.
        Comment
        • unlearn
          SBR Hall of Famer
          • 03-22-14
          • 8980

          #5
          Broke dicks who cant afford real crypto love it
          Comment
          • Otters27
            BARRELED IN @ SBR!
            • 07-14-07
            • 30749

            #6
            With Ether be the Facebook and Bitcoin Myspace
            Comment
            • Otters27
              BARRELED IN @ SBR!
              • 07-14-07
              • 30749

              #7
              Originally posted by WireWire
              It's a coin that won't get passed $1.00, it's a novelty coin, its to late to invest in it now, always the next big thing around the corner.
              So sell at a $1
              Comment
              • Brock Landers
                SBR Aristocracy
                • 06-30-08
                • 45360

                #8
                .68 cents and climbing

                Today alone you could have made a hefty profit
                Comment
                • antifoil
                  SBR MVP
                  • 11-11-09
                  • 3993

                  #9
                  Meme that Elon tweeted about to pump it and dump it. Now the internet is memeing itself until someone is left holding the bag.
                  Comment
                  • WireWire
                    SBR Wise Guy
                    • 02-02-21
                    • 942

                    #10
                    Originally posted by unlearn
                    Broke dicks who cant afford real crypto love it
                    ^^^^
                    Comment
                    • asiagambler
                      SBR Hall of Famer
                      • 07-23-17
                      • 6831

                      #11
                      Ponzi scheme
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388189

                        #12
                        Most of these lump and dump

                        Have to know when to get out
                        Comment
                        • Fishhead
                          SBR Aristocracy
                          • 08-11-05
                          • 40179

                          #13
                          Originally posted by unlearn
                          Broke dicks who cant afford real crypto love it
                          Wrong
                          HOARDS of people are up 100K+
                          DOGE to the MOON
                          Comment
                          • pologq
                            SBR Posting Legend
                            • 10-07-12
                            • 19899

                            #14
                            another crypto that was pumped and pumped. the basis of the pump has no merit.
                            Comment
                            • MiDNiTe
                              SBR Hall of Famer
                              • 11-11-13
                              • 7684

                              #15
                              Read somewhere Co owner/maker sold all his doge coins to buy a used Honda civic but if he kept his coins he would be worth 100s of millions?
                              Comment
                              • jjgold
                                SBR Aristocracy
                                • 07-20-05
                                • 388189

                                #16
                                Settle down
                                Comment
                                • SamsNCharge99
                                  SBR Aristocracy
                                  • 10-22-08
                                  • 41242

                                  #17
                                  Originally posted by pologq
                                  another crypto that was pumped and pumped. the basis of the pump has no merit.
                                  Follow social media trends. Sometimes the public wins
                                  Comment
                                  • gauchojake
                                    BARRELED IN @ SBR!
                                    • 09-17-10
                                    • 34103

                                    #18
                                    Lump And Dump
                                    Comment
                                    • Brock Landers
                                      SBR Aristocracy
                                      • 06-30-08
                                      • 45360

                                      #19
                                      Comment
                                      • ByeShea
                                        SBR Hall of Famer
                                        • 06-30-08
                                        • 8037

                                        #20
                                        Originally posted by Otters27
                                        Why invest in it if an infinite amount can be created
                                        I know some pretty dopey people who are up in DOGE and some brilliant dudes who are simply treading water trading stocks right now.

                                        My advice is to play it real safe: there are some crypto mining stocks in Cathy Woods' ETF. Seriously consider those names.
                                        Comment
                                        • jjgold
                                          SBR Aristocracy
                                          • 07-20-05
                                          • 388189

                                          #21
                                          You only hear the lottery stories

                                          Most people lose everything gambling
                                          Comment
                                          • navyblue81
                                            SBR MVP
                                            • 11-29-13
                                            • 4143

                                            #22
                                            Originally posted by WireWire
                                            It's a coin that won't get passed $1.00, it's a novelty coin, its to late to invest in it now, always the next big thing around the corner.
                                            You know they said the same about Ethereum in 2017. Said it would never break $100. Who’s laughing now?

                                            And it’s not too late to invest. If you put $1k in last night you’d already be up $500.
                                            Comment
                                            • ByeShea
                                              SBR Hall of Famer
                                              • 06-30-08
                                              • 8037

                                              #23
                                              Originally posted by SamsNCharge99
                                              Follow social media trends. Sometimes the public wins
                                              It's a very powerful force.

                                              A year ago the world's most astute investor, Warren Buffett, very publicly dumped his positions in United Air. Davey Daytrader of Barstoolsports called Buffett a fool, doubled down on his stake and the public followed. Because of that stock populism United popped and Buffett, the guy who teabagged Goldman Sachs for billions during the Lehman etc bailouts, got teabagged by Dave Portnoy.

                                              Gamestop: retail vs. hedgefunds ... hedgefunds even cheated and still got blown out by "diamond hands".

                                              Doge. This is nearly as entertaining as Gamestop ... except there's no villain here, it's just mass public trust (herd mentality) in that coin. If I was 5x in that I'd call it a win and call it a day and go make money elsewhere. At somepoint, there will be tears.

                                              I guess we can just hang on WallStreetBets and find the next hot property...
                                              Comment
                                              • icon
                                                SBR MVP
                                                • 01-09-18
                                                • 3400

                                                #24
                                                Originally posted by Unrivaled
                                                It's a joke coin. You are basically gambling and spinning a wheel every day to see where the price goes.
                                                This, a billion times this.

                                                dogecoin is a meme/joke and shitcoin. It's 1000X more risky than bitcoin.
                                                Comment
                                                • navyblue81
                                                  SBR MVP
                                                  • 11-29-13
                                                  • 4143

                                                  #25
                                                  It’s going to hit $1, so anyone who says “it’s too late to invest” is a moron. Elon Musk is
                                                  Behind it. Mark Cuban is behind it. Hell, sports teams are now allowing it for tix.

                                                  I have no idea where it goes after $1. Eventually just like Eth in 2017, momentum will halt. But long term, I think it will head back up if you’re patient. I’m curious to see if everyone sells at $1 or if they hold for $2.
                                                  Comment
                                                  • big joe 1212
                                                    SBR Posting Legend
                                                    • 06-01-08
                                                    • 19379

                                                    #26
                                                    I just bought $100 for the fun of it

                                                    Now I have action all day, every day

                                                    Ill be watching price
                                                    Comment
                                                    • Brock Landers
                                                      SBR Aristocracy
                                                      • 06-30-08
                                                      • 45360

                                                      #27
                                                      Originally posted by navyblue81
                                                      you know they said the same about ethereum in 2017. Said it would never break $100. Who’s laughing now?

                                                      And it’s not too late to invest. If you put $1k in last night you’d already be up $500.
                                                      sharp post
                                                      Comment
                                                      • MrSink
                                                        SBR Hall of Famer
                                                        • 12-30-08
                                                        • 8087

                                                        #28
                                                        ok , 30 posts in and I can already say noone , not a single messege was about purpose of the coin , and why it has any value ? and question was very direct from otters . why it has any value ?
                                                        Comment
                                                        • navyblue81
                                                          SBR MVP
                                                          • 11-29-13
                                                          • 4143

                                                          #29
                                                          Originally posted by MrSink
                                                          ok , 30 posts in and I can already say noone , not a single messege was about purpose of the coin , and why it has any value ? and question was very direct from otters . why it has any value ?
                                                          I don’t know much about it, but if MLB teams are allowing it, then that to me tells me there’s some respect behind it and it’s worthy of an investment at this price. Those mocking it keep saying it’s a joke and a meme, but if it is, why are more sports teams allowing it?

                                                          Honestly, when I saw that news, that’s when I bought. That told me that is no joke.
                                                          Comment
                                                          • jjgold
                                                            SBR Aristocracy
                                                            • 07-20-05
                                                            • 388189

                                                            #30
                                                            Could go to 500
                                                            Comment
                                                            • mngambler
                                                              SBR MVP
                                                              • 08-01-11
                                                              • 2890

                                                              #31
                                                              Dogecoin is garbage, but I love seeing these posts, means the plebs and average joes are starting to look into crypto
                                                              Comment
                                                              • Eddy Munny
                                                                SBR Posting Legend
                                                                • 08-13-13
                                                                • 15745

                                                                #32
                                                                Originally posted by gauchojake
                                                                Lump And Dump
                                                                Ump and Dump

                                                                Comment
                                                                • jjgold
                                                                  SBR Aristocracy
                                                                  • 07-20-05
                                                                  • 388189

                                                                  #33
                                                                  Nobody knows anything about random things
                                                                  Comment
                                                                  • Eddy Munny
                                                                    SBR Posting Legend
                                                                    • 08-13-13
                                                                    • 15745

                                                                    #34
                                                                    Originally posted by jjgold
                                                                    Nobody knows anything about random things
                                                                    Welp, that's it then... Time to shutdown the forum. It was a nice run.
                                                                    Comment
                                                                    • navyblue81
                                                                      SBR MVP
                                                                      • 11-29-13
                                                                      • 4143

                                                                      #35
                                                                      Originally posted by mngambler
                                                                      Dogecoin is garbage, but I love seeing these posts, means the plebs and average joes are starting to look into crypto
                                                                      If it’s garbage why is MLB now accepting it and word is other sports leagues will soon too?
                                                                      Comment
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