Anyone been following the DOGE rally today? What are your thoughts? Is it a good long term buy given crypto is becoming more accepted generally, or do you think it will go back down significantly like bitcoin did in early 2018 following the late 2017 bubble? Is buying and holding DOGE now akin to buying bitcoin back in 2016, or a stupid move...

Good investments are based on underpriced assets. You should buy assets that are cheap and will undoubtedly go up because they're selling for less than their intrinsic value. Dogecoin is literally a meme and the value is worth precisely $0.000000000000 - the only reason it has any sort of "worth" is because people are willing to buy and sell it in hopes that someone else will buy it at a higher price than them. This isn't like bitcoin in 2008 (BTC has its own issues that I won't go into btw) or Amazon in 2010. Dogecoin is more like pets.com in late 1999.

Dogecoin - Bubble or smart long term buy?

ChipiK

Baboon

IB

3y

100% long-term strat. Got in at $0.0088.

Let’s pump Dogecoin up to $1 and then to the mooon! 🐕🚀🌙✨

Reply

Quote

Report

Other

IB

Intern in IB - Gen

Anonymous

3y

bump

Reply

Quote

Report

Other

IB

Intern in IB-M&A

Anonymous

3y

Most Helpful

Temporibus repellendus rerum veniam ab sint voluptatibus vitae. Culpa officiis vitae incidunt blanditiis eos sint.

Exercitationem laudantium illum minima facilis. Dolor non soluta est quae vero omnis. Quos praesentium dolorum molestias et doloremque. Voluptate explicabo sit eveniet expedita asperiores illo. Non harum quo ipsam vitae sed optio. Et et quia reiciendis recusandae hic maiores. Molestiae ducimus corrupti quam officia.