It seems to be soaring. Good investment?

ScottS said:

---

It seems to be soaring. Good investment?

---

I've been in it and out of it and there is no underlying function or usage. Strictly a wager, not an investment. Doge moves up on speculation and only rose this week because Coinbase became listed on the stock exchange. Wait for Doge to drop down to .03-.05 cents a Doge before putting any money in it. Set a Limit Sell price then wait and watch for it to jump up again.

Strictly for entertainment purposes. There are some You-Tube videos which explain why the Market Cap makes it very unlikely this will ever go to a dollar.

Hold at 12 when dealer has 4, 5, or 6.

RD2WINAGNBEAR86 said:

---

Hold at 12 when dealer has 4, 5, or 6.

---

Bet the 00 when the house changes croupiers. I put more faith in that than I do in Dogecoin ever reaching a dollar.

I believe this dogecoin will become a phenom. I am not an expert but this is only my opinion that this is a good investment.

Dogecoin started out as a literal joke mocking digital currency, if that tells you anything. It has no useful value whatsoever. However, if we all started bidding up, say, My Little Pony figures as currency, the price would rise. What do I know?

I know bitcoin is a mathematically flawed system that has to completely collapse at some point. This is a certainty. I just have no clue when that point is.

Found this interesting opinion piece. https://www.yahoo.com/entertainment/around-100-people-control-doges-103247173.html#:~:text=Essentially%2C%20around%20100%20people%20control,risk%20management%20platform%20TRM%20Labs.

Dog down 21 percent today. Go for it! Bet the farm!

I truly believe Bitcoin is a much more high-profile version of Dog with a longer lifespan. Fortunes and life savings are going to disappear very soon. Mr. Musk will exit before too much damage is done. He will take a huge hickey but will live to fight another day.

Caveat Emptor.

Musk and Tesla have to own a stake of BItcoin because Tesla wants to be able to accept Bitcoin for vehicle purchases. Due to its volatility, they have to have some on hand to make the exchange. It's largely a hedge.

It's been pointed out that "speculating" needs to be substituted for "investing". There are no fundamentals to these exchanges. It's as financially sound as betting on a sports team. If that's your thing, go for it.

Mr Tulip said:

---

Musk and Tesla have to own a stake of BItcoin because Tesla wants to be able to accept Bitcoin for vehicle purchases. Due to its volatility, they have to have some on hand to make the exchange. It's largely a hedge.

It's been pointed out that "speculating" needs to be substituted for "investing". There are no fundamentals to these exchanges. It's as financially sound as betting on a sports team. If that's your thing, go for it.

---

Here's a nutzoid little piece.................https://finance.yahoo.com/news/a-1000-bet-on-dogecoin-at-the-start-of-2021-could-now-buy-a-tesla-203210088.html

Its gone from 5 cents to 67 cents in maybe 2 months

any kiddos on here millinn-yares yet?

PA.

- UL

TIA.

BID.

D!

Bexar Pitts said:

---

Found this interesting opinion piece. https://www.yahoo.com/entertainment/around-100-people-control-doges-103247173.html#:~:text=Essentially%2C%20around%20100%20people%20control,risk%20management%20platform%20TRM%20Labs.

---

Interesting. Thank you for sharing.