I drank the juice and believed the dogcoin was headed higher. Musk sending out tweets and hosting SNL gave me a good feeling. We also had the foremost strip club expert desertscrub pumping (https://tuscl.net/discussion.php?id=7587…). My plan was to sell my home and move into a St. Pete beachfront property with my beautiful bride.
Overnight it goes from about .70 to .50. My dream is in tatters. Could Musk sell his Tesla stock and set up a dogcoin reparation fund?
If it had any real value talking it up or down, would mean nothing over the long haul, which is where most legitimate investors way to be, the short termers are from the casino section, sometimes they get lucky, but mostly, they end up broke.
@25 When you're in your eighties, there is no long term. Remember when we used to eat at Rascal House on Collins Avenue and Crab House on 79th Street and would get a nice 8 course meal for $5, but now they're no more.
I thought Musk did a good job describing it as a community of people who are buying into doge coin, in the correct context of being part of the community and not legitimately Hopi g for legitimacy of using the coin outside of the community. In fact it’s mostly used as tipping other community members. There was a point on Weekend Update he clearly stated it was part of the community and joke based. I also appreciated his comment on investing responsibly.
It still has value inside the social circle, and it would take a lot to crossover to mainstream, but not impossible. They do a lot of fundraising for good common causes, and if you feel like donating to their cause you can easily purchase doge coin to help out. If so inclined to look at it as an investment, buyer beware. I have a close family member make about $100k on doge coin bu buying it at $.04 . I think Juice did the same thing. He’s probably too busy spending g his investments instead of posting.
Possibly in the short term with volatility high, but it is to stay long term. I did the #1 mistake when purchasing doge coin. I traded it and tried to predict the movements and sold it at $.09, thinking it would correct and sat out this entire run up missing out on tens of thousands of $$ in profit. Crypto investors need to be able to ride it out and treat it as if you never own it, and leave it alone.
Another mistake I made is knowing etherium or ether coin is very legitimate and I should have held it for a lifetime buying it at $10 and selling it at $14 for a minor profit. If I held onto it it would have been worth $50k today. I sold it a month ago. Crypto investing will stay here long term as we all know, but pick the ones with long term use with the blockchain technology behind it like Bitcoin and ether coin
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It still has value inside the social circle, and it would take a lot to crossover to mainstream, but not impossible. They do a lot of fundraising for good common causes, and if you feel like donating to their cause you can easily purchase doge coin to help out. If so inclined to look at it as an investment, buyer beware. I have a close family member make about $100k on doge coin bu buying it at $.04 . I think Juice did the same thing. He’s probably too busy spending g his investments instead of posting.
Another mistake I made is knowing etherium or ether coin is very legitimate and I should have held it for a lifetime buying it at $10 and selling it at $14 for a minor profit. If I held onto it it would have been worth $50k today. I sold it a month ago. Crypto investing will stay here long term as we all know, but pick the ones with long term use with the blockchain technology behind it like Bitcoin and ether coin