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Dogecoin
Posted: Sun Jan 31, 2021 8:59 pm
by Enigma
So there's been a lot of buzz about Dogecoin for some reason, and I can't for the life of me understand why.
WHY? I don't see it jumping or even really moving more than any other time, so why the fuck all the buzz, yo?
Re: Dogecoin
Posted: Mon Feb 01, 2021 12:20 am
by Das Troll
It's a fucking head fake man. It's the same as what silver is doing right now. The hedge funds are trying to get people to abandon GME for things like doge and silver so they can short sell it, wait for it to crash, then pick up the difference. Their main concern is mitigating the loss from GME.
Re: Dogecoin
Posted: Mon Feb 01, 2021 2:33 am
by DBDK
Helladamnleet wrote: ↑Sun Jan 31, 2021 8:59 pm
So there's been a lot of buzz about Dogecoin for some reason, and I can't for the life of me understand why.
WHY? I don't see it jumping or even really moving more than any other time, so why the fuck all the buzz, yo?
Because the amount of people holding it for fun/novelty make it a kind of detached asset, which is what a lot of fancy new ERC20's like Ampleforth are also going for.
Tether appears to be constantly on the verge of some kind of massive collapse/implosion/disaster type of thing, due to the number of people using it as a basis or "shorting" currency for trading BTC/ETH on CEX's. People want something else that will at least not crash in value, to trade stuff that is volatile and will change in value, in an in-and-out day trader kind of way, buying and selling BTC on margin repeatedly throughout the day for example. To do this, they can't really use actual USD, so they use USDT mostly, which is turning out to maybe be a horrible idea that is artificially inflating the price of BTC by like 15% or something right now.
No not only is Doge cute and funny, it also has real practical use simply because of the value of the humor and the fact that it is a fully functioning and secure coin that can be traded easily on centralized exchanges.
Re: Dogecoin
Posted: Mon Feb 01, 2021 6:58 am
by Enigma
DBDK wrote: ↑Mon Feb 01, 2021 2:33 am
Helladamnleet wrote: ↑Sun Jan 31, 2021 8:59 pm
So there's been a lot of buzz about Dogecoin for some reason, and I can't for the life of me understand why.
WHY? I don't see it jumping or even really moving more than any other time, so why the fuck all the buzz, yo?
Because the amount of people holding it for fun/novelty make it a kind of detached asset, which is what a lot of fancy new ERC20's like Ampleforth are also going for.
Tether appears to be constantly on the verge of some kind of massive collapse/implosion/disaster type of thing, due to the number of people using it as a basis or "shorting" currency for trading BTC/ETH on CEX's. People want something else that will at least not crash in value, to trade stuff that is volatile and will change in value, in an in-and-out day trader kind of way, buying and selling BTC on margin repeatedly throughout the day for example. To do this, they can't really use actual USD, so they use USDT mostly, which is turning out to maybe be a horrible idea that is artificially inflating the price of BTC by like 15% or something right now.
No not only is Doge cute and funny, it also has real practical use simply because of the value of the humor and the fact that it is a fully functioning and secure coin that can be traded easily on centralized exchanges.
Makes sense. I was shocked when it was actually tradeable on shit like Robinhood
Re: Dogecoin
Posted: Mon Feb 01, 2021 7:53 am
by fuckreddit
umm no
Re: Dogecoin
Posted: Mon Feb 01, 2021 9:53 am
by DBDK
Re: Dogecoin
Posted: Mon Feb 01, 2021 12:03 pm
by fuckreddit
Check your privilege sweety
Re: Dogecoin
Posted: Mon Feb 01, 2021 12:13 pm
by Enigma
Right?
Re: Dogecoin
Posted: Mon Feb 01, 2021 9:36 pm
by DBDK
fuckreddit wrote: ↑Mon Feb 01, 2021 12:03 pm
Check your privilege sweety
I think Cardano is going to be the gay coin of the crypto future.
Re: Dogecoin
Posted: Tue Feb 02, 2021 6:25 am
by Enigma
Holy shit you're not the first person I've heard ADA from....
Re: Dogecoin
Posted: Fri Mar 04, 2022 2:06 am
by kriptopoulin
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