Dogecoin ($DOGE) - Is it making anyone else sick?

So I'm sure everyone is aware of the huge surge in the price of Dogecoin in the last 3-4 months. It fucking kills me that there are actually morons with no investing or finance experience getting rich off of this intrinsically worthless joke-coin (https://twitter.com/prothedoge?lang=en) AND then go on to brag about how much money they've made, promote it, etc.

I have friends with no investing experience who Yolo'd $500 or $1,000 into it when it was around $0.07 and will not stop talking about how much money they've made. I've been following it since the beginning of the year but never pulled trigger bc I think it's obviously pure speculation / gambling, and this makes it hurt even more.

I don't know why celebs like Elon Musk, Guy Fieri, and even Mark Cuban at this point are either endorsing it or giving it the time of day... other cryptos I can understand to an extent (although most crypto endorsers are generally unbearable), but this takes the cake as it all just seems like one big pump-and-dump joke / market manipulation play. Seems like the whole point of the coin was intended to be a joke, and now I read about people (like the Twitter guy I linked) talk about how it will be the currency of the future.

And now the fact that the market cap is eclipsing the size of Ford, Twitter, etc.? Jesus Christ. I can't help but think that there have to be some huge hedge fund / traders in the mix here somewhere. Or maybe there are few extremely wealthy elite families who are literally buying and selling unfathomably large amounts to manipulate the market or launder money (Saudi anybody?)

Also I think about all the poor suckers and novices who are going to invest now and lose shitloads of their money when this (inevitably?) comes crashing down because of internet / Tik-Tok promoters... buyer beware I guess, but still...

What do you guys think? Don't get me wrong - I am less-so pissed and moreso just baffled and amused (in a regretful sense for missing out, I guess) by this whole situation.

TLDR: Annoyed at Tik-Tok generation making outsized returns and then bragging about it (when clearly they are just getting lucky), interested in what other people have to say.

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Comments (159)

May 5, 2021 - 6:12pm

GoldmanFacts

It doesn't bother you that there is a multi-trillion dollar industry devoted to chasing 3-10% returns a year and there are people who are returning 1,000%+ off of gambling / luck / market mania? Maybe it's the boomer in me.

It absolutely is the boomer in you. That multi-trillion dollar industry deserves to be outclasses by autistic 13 year olds. Feel the wrath.

"Work ethic, work ethic" - Vince Vaughn

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May 28, 2021 - 12:43pm

GoldmanFacts

It doesn't bother you that there is a multi-trillion dollar industry devoted to chasing 3-10% returns a year and there are people who are returning 1,000%+ off of gambling / luck / market mania? Maybe it's the boomer in me.

Are you against gambling? It's just the way millenials gamble which IMO is way better than going to a disgusting/depressing casino in reNO or atlantic sh*tty

May 6, 2021 - 2:17pm

theoretically it could be market manipulation. Two entities buying and selling at increasing prices because theres no core value behind it to correct to and no SEC oversight. some people could be making a lot of money at the expense of others.

path less traveled

May 4, 2021 - 1:42pm

I appreciate that for sure. Sometimes seeing stuff like this happen makes me reconsider my investments and if I should buy into the hype, but I know that it's gambling and I probably never will. Still, it's always tempting...

  • VP in IB - Cov
May 4, 2021 - 2:44pm

People are also making millions off of TikTok and OnlyFans but that doesn't mean their earning potential and trajectory will last forever. Who knows, maybe they will, but some people are just really, really lucky. 
 

Stay in your lane. You will probably be making consistent money for the long run. Focus on that, not on people who hit the mega billion jackpot on scratcher tickets. 

May 4, 2021 - 3:01pm

this will constantly be a struggle if you evaluate your worth in relative rather than absolute terms. I get the allure of becoming independently wealthy in a hurry while you're slaving away as an analyst or something, but the world is not binary. if what you're chasing is independence, you can get that a number of ways, getting lucky with a meme investment is just a really really fast way. in my mind, the risk of a blowup makes me backing up the truck into shit like this not worth it. if I can get to $10mm by just dabbling in something, sure I'll play along, but a lot of the wins I've seen are putting in $2-5k and making $25-50k in short order. an amazing CAGR to be sure, but not life changing wealth.

also, for what it's worth, survival is what matters in investing. your life is long term, your investments should be too. I'm rooting for everyone to make money because I truly believe everyone on the planet can become financially independent without it being at the expense of others, I just wonder if things like $DOGE are scalable and repeatable long term without a blowup.

finally, no one ever talks about the losers, if you believe the investment world is only this shit, you're missing it.

May 5, 2021 - 12:55pm

"their making money takes nothing away from your ability to make money"

That's not entirely right. We are all competing for the same resources on this planet. Think of something desirable yet scarce (real estate in major cities is a good example) - some fraction of the wealth created through DOGE, meme stonks etc will spill over into those asset classes and cause them to appreciate as well. Not great if you are in the early part of your career and relying on income from labour rather than capital.

May 5, 2021 - 2:27pm

agree to disagree. aside from the options market where you have a winner and a loser on every trade, it's possible to continue to make money while others make money. just because something rises in price doesn't mean it's impossible to continue rising in price indefinitely. my point is this: OP is clearly jealous and experiencing FOMO, I've seen this movie before. that's fine if he wants to play, but just like value investors from 1990-2005 had enviable CAGRs while many people secured life changing wealth during a small window in the late 90's, so too can OP make money in other investments as people bid up DOGE simultaneously. further, the stock market does not have the scarcity issue of real estate. while there's a finite amount of land on the earth, there's no theoretical limit to the number of profitable businesses that can exist.

also, if you're worried about liquidity from DOGE impacting asset prices, wait until you hear about the Federal Reserve

  • Analyst 2 in ER
May 4, 2021 - 3:01pm

STFU intern. First of all your views on 401k contribution are just so backward its funny. Not contributing for the purpose of maintaining "liquidity" to invest in cryptocurrency? Ironically, crypto has proven to be extremely ILLIQUID during volatile moments when the shoddy infrastructure backing exchanges suddenly fail. 

401k max contribution is $19.5k a year - not a lot. It's also tax advantaged, and you can literally invest your account in GBTC if you want - but you're too busy circle jerking with the rest of reddit over how "mArKeTs hAvE cHaNgEd BrO"

May 4, 2021 - 3:38pm

I'm not going to pile on with some other comment on your 401k views or something else. I will say this - if you have an idea "markets have changed" or "the old way is out" it will be difficult to gain respect without a well thought out thesis. you cannot jump from observation to conclusion without some sort of logical path to get there.

the way you were speaking, it seems as though you believe $DOGE and its brethren are the future. why do you believe this? is there something unique about $DOGE that makes it a good investment? is it part of your broader crypto portfolio and you believe crypto to be a hedge against government debt destroying the value of fiat currencies? what's your rationale on why $DOGE and its brethren are better long term investments than equity ownership in a productive business? 

if however, you just believe $DOGE is a bet with little downside but possibly huge upside, you should be mindful of your tone.

May 4, 2021 - 2:04pm

Yeah I completely agree. Definitely a little jealous that I didn't get in early but also I am a little mad that this is what gets people's attention nowadays. A lot of friends who think that corporations that make a profit are evil are the same that are cumming themselves over Dogecoin. I just don't see how people can think that Doge is ever more valuable or noble than a company that actually sells things in a mutually beneficial transaction.

  • Associate 1 in IB-M&A
May 4, 2021 - 2:10pm

Wait til you realize most of business & investing is randomness & luck

May 4, 2021 - 2:48pm

I bought some back when it was meme currency on Reddit, but lost my wallet.  (rekt)

May 4, 2021 - 4:14pm

Ouch 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 5, 2021 - 10:08am

To his defense, I understand where he's coming from. the people he knows are bragging about their 1000 percent returns without even knowing what they really invested in. Just imagine OP bragging about his 15 percent gains that he made for his firm and he started bragging about that to his friends. They'd be like wtf, this guy is a dick head. There are also people who proclaim to be like "I'm a genius for investing in DOGE" like you just rode the wave ur not that special. 

May 5, 2021 - 3:03pm

bigbob123

I like people making money off Doge because no one is claiming they are investing experts.  No one is saying Dogecoin is the new gold or could revolutionize the monetary system.  Everyone acknowledges Dogecoin is worthless and thats what makes Dogecoin so pure. I'm happy for whoever is riding the wave

I don't think 'worthless' is quite the right word - I think it is 'speculative'.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 4, 2021 - 5:08pm

I'm happy DOGE is doing so well because it makes a lot of the more serious crypto nerds look dumb talking about the technology and trying to justify valuations with the "fundamentals" of whatever coin they're shilling. Clearly none of it matters. It exposes crypto price action for what it actually is: based entirely on sentiment and group psychology.

  • Analyst 2 in IB - Gen
May 4, 2021 - 5:26pm

You sound incredibly soy and insufferable, bro. Not even into Doge or the other scamcoins, but why are you even bothered by this? Is it because people "with no investing experience" were able to make money and you weren't? Do you think that there should be some arbiter or universal rule in investing and gambling that mandates that investing experience is necessary to make speculative/investment decisions? Do you think that they should have had to perform some sort of deep fundamental analysis to make money? Do you worry about the poor suckers that fall for declarations on CNBC made by those with investing experience? (See: Ackman last year) Look at the $7 billion and $30 billion mistakes with Mervin and Hwang and tell me that those aren't as ridiculous. It's all speculation man, whether you're some retard who jumped on a useless cryptocurrency on the advice of a Tik Tok influencer or some guy doing idea generation for a HF in Connecticut. Enjoy your risk adjusted returns.

May 4, 2021 - 7:01pm

Dogecoin isn't even that bad, I hate the Bitcoin conspiracy tards who think they're gonna kill the evil hyperinflating fed each time their coin goes up.  FYI I own bitcoin itself, but I can't stand those fucking schmucks.  At least Doge people are honest about the fact that they're gamblers

May 4, 2021 - 7:15pm

whats up with dogecoin other than it's obviously a meme name, out of interest

I have some btc, aave, compound, uniswap, xrp

May 4, 2021 - 7:55pm

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 4, 2021 - 8:09pm

Doge

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 4, 2021 - 8:02pm

I want to have some skin in the game here and have been looking at Kraken and Binance today to possibly buy some Dogecoin soon. Even if I only throw a few hundred out there, I want to be there if this thing goes exponential. 

Also, Dogecoin is the 'fun' crypto. The media loves talking about it. It has great PR. It's funny and cute. People love it. The world wants it to shoot up like a rocket as that would be hilaarrrious... I want to be laughing too...

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 4, 2021 - 8:41pm

Yeah, so basically get out at the right time and you're golden. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 4, 2021 - 8:15pm

Dogecoin to $1? Dogecoin Price Predictions Surge as DOGE Becomes the No. 4 Crypto

https://investorplace.com/2021/05/dogecoin-to-1-dogecoin-price-predicti…

"

Hot doge! The pup-themed crypto, Dogecoin (CCC:DOGE-USD), is pleasantly surprising investors this morning with some uproarious gains. And as the coin continues its leaps toward $1, investors have a lot of questions. Will it really hit $1? When is the surge going to happen? What about after $1, can it go further? Dogecoin price predictions hope to answer these questions as DOGE fever surges.

Concept art for Dogecoin (DOGE).

Source: Shutterstock

The last few days have had Dogecoin holders sweating. The crypto has been hovering around the 40-cent mark, which is a sore spot for investors. It hit the 43-cent mark at the height of its surge in mid-April, and has staggered in the weeks since. So when it reached the same level again, investors held their breath.

Today, they can exhale, with DOGE not just breaking the resistance level, but soaring past it.

DOGE is now up by  52% in the last 24 hours, trading at over 60 cents. Its market capitalization has ballooned to unprecedented levels. According to CoinMarketCap, DOGE is now the fourth-largest crypto in terms of market capitalization with just under $77 billion. It surged past Ripple's (CCC:XRP-USD) XRP coin this morning as a result."

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 4, 2021 - 8:26pm

"Dogecoin is worth less than a dime. You can buy $1 worth or $10 worth and have fun watching it all day," he said. "I bought a few dollars worth for my son and we watch it and discuss all it's price movements and why they occur. It's fun, it's exciting and educational for him." - Mark Cuban

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 4, 2021 - 8:29pm

"DigitalCoinPrice is of the many who think DOGE is destined for the dollar. They predict a price of 91 cents in December, and suggest the coin will eclipse the $1 milestone in early 2022. Some bulls have gone even further; CoinPriceForecast suggests that DOGE will rocket far beyond the $1 mark all the way to $3 by the end of this year."

https://investorplace.com/2021/05/dogecoin-to-1-dogecoin-price-predicti…

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 5, 2021 - 1:18am

I don't think there are any hedge funds. There are just a lot of dumb kids with money nowadays. You don't have to be smart to have money anymore. There are streamers, influencers, etc. who have decent money on hands and are dumb enough to put money into shit like that. Plus, there are also smart people out there who just "invest" for fun, like going to a casino or playing a video game. They don't mind losing money cause for them it's like purchasing entertainment. You can buy a PC and a bunch or games or you can invest in doge and watch its price change and discuss with others - it must be fun for some people. Investing became an entertainment lately.

What I think about all this? All these people will lose their money quickly. Either on other fun plays in the market. Or on a bunch of shit they don't need. Cause they don't know how to manage money properly, and if you can't budget, it's easy to waste everything quickly. Like 50 Cent going bankrupt.

May 5, 2021 - 3:44am

Do you also get jealous that some people make a lot of money gambling, or that some people win the lottery. I hope not. And there's probably a reason why you haven't bought DOGE. Many high risk ways to get (and lose) money exist. 

May 5, 2021 - 11:10am

It'll be interesting to see how it all plays out over the next few months. Things could get very ugly if there is to be a crash of sorts as the fed may increase interest rates - Yellen really spooked the markets the other day with her comments. Although if the economy really takes off it could prevent a mass selloff, tech will still probably take a good hit though. 

May 5, 2021 - 12:03pm

I don't really care about it. And I say that as someone who has been studying and investing in crypto for over 1 year.

This is part of Capitalism: people getting rich over stupid shit.  I'm not one of them, but I can see them bragging as some sort of vindication against the uptight people around them who disdain TikTok, crypto and other non-traditional ways of making money.

For instance: there's this youtuber in my country (not America) who said that when he became a millionaire he bought an expensive car specifically to flex at the people who mocked him when he started his channel (he came from a middle or lower class background, worked as a waiter at the time). Just think of how annoyed the guy was back when he started, spending his time doing videos for no one to see and making 0 money and on top of that being shat on by the people around him.

Instead of resenting those people, why not try your luck with those "stupid" opportunities? I'm not telling you to dump your life savings on DOGE, but if those guys who have no knowledge of finance were able to make money from it, imagine what you could make - use DOGE or crypto in general as an example. Think about anything that you would deem a stupid occupation.

We, as overachievers (if you are in this forum you're most likely one, even if you haven't amounted to much yet), tend to think that the only possible way to make money is by working our asses of at something traditional (finance, medicine, law, tech, science etc.), but by doing that we close ourselves to "stupid" opportunities that could actually lead to something big, leaving a lot of money on the table.

TL;DR: don't hate on those people. Try instead to be more open minded about that stuff. That way, the probability of you becoming rich quickly grows from 0 to something (which, no matter how small, is better than 0).

May 5, 2021 - 4:25pm

cs fb tt fhe

I'm a fan of the Doge. To the moon!

😎😎😎

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 5, 2021 - 4:26pm

I am officially dying to get into Doge and am just waiting on my verification on Binance. I thought it would clear yesterday, but is taking foreverrrr.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 5, 2021 - 5:17pm

Doge.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 5, 2021 - 6:10pm

Oh save the crap, a humongous amount of financial products have reached valuations that have no grounds in reality only because of the fed pumping money but now that people push Dogecoin, it's the fucking end of the world.

There's plenty of research showing that most money managers have no real skill, despite making money. You are just upset that other similarly skilled people are also making money.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.

May 5, 2021 - 9:25pm

neink

There's plenty of research showing that most money managers have no real skill, despite making money. You are just upset that other similarly skilled people are also making money.

What are your thoughts on EMH given that you work in the field?

Array

May 6, 2021 - 2:36am

It's kind of... superficial, also wrong. The problem with many academic theories is that they tend to rely on a handful of axioms that have no grounds in reality, and ''efficient markets'' is one of those. There is also counter-evidence of legitimate market beaters (although most are not).

I also work in commodities and those are much more influenced by SNDs. It's a whole other world compared to stocks.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.

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  • Intern in IB - Cov
May 5, 2021 - 7:40pm

Lol one of the worst things that can happen to a Reddit trader is making tens of thousands on their first trade. They won't be able to stop, and gambler's ruin will hit many of them. 
 

Happened to me :/

May 5, 2021 - 8:46pm

So you're upset because they pulled the trigger and you didnt?? Closed mouths don't fed my guy🤣🚀

Array
  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
May 5, 2021 - 8:50pm

Maybe Elon is going on SNL to try to find a biyee for his billion dollars of doge

May 5, 2021 - 8:51pm

Everything is debatable when it comes to investing. The collectibles market has outperformed the SP500 drastically for the last few years yet people still invest in it, or worst.... buy stocks on IPO day after it's price has been  hiked up by institutional investors, who purchased it for a price ten times lower. 

Array
May 5, 2021 - 9:24pm

Honestly traditional finance is built around the solid performance in the long run. Yes you have HFT and prop trading groups but I wouldn't put that in "traditional finance".  Your friends can brag about 1000% returns, but what sort of returns will they be able to generate in 5/10 years? What sort of financial budgeting do they have to be in a good spot in say 20 years?

Array

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May 6, 2021 - 12:52am

This happens with every bull run and this run has been going on for so long that most people are convinced they can double their money by next month. It's crazy, but nothing new.

In a way, I'm kinda encouraged about this. Will some kids lose money? Absolutely. But it's better for them to take a hit when their net worth is in the hundreds and learn better the next time. Personally, the only time I ever heard about the economy was when gas and unemployment were high. My only issue is when reddit kiddies were "waging war" against the hedgies and wall street. The main objective is to make money, not to carry out some righteous social justice initiative. 

May 6, 2021 - 2:47pm

https://www.google.com/amp/s/uk.sports.yahoo.com/amphtml/news/dogecoin-…
 

Dogecoin is now worth more than SpaceX

Anthony Cuthbertson

6 May 2021, 10:32

"Dogecoin has overtaken SpaceX in terms of overall market value, after doubling in price over the last week.

The meme-inspired cryptocurrency was trading above $0.60 on Thursday, putting its market cap at $78bn – $4bn more than the estimated valuation of Elon Musk's privately held rocket company, according to recent SEC filings."

"The remarkable gains have been partly spurred on by the technology billionaire, who has frequently promoted dogecoin via Twitter. Last week, Mr Musk hinted that he would make reference to the cryptocurrency during his upcoming appearance on Saturday Night Livetweeting: "The Dogefather SNL May 8""

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 6, 2021 - 2:59pm

I just bought about $520 USD of Dogecoin. I bought Bitcoin on Coinbase and then transferred Bitcoin from Coinbase to Kraken. Then on Kraken bought Dogecoin with Bitcoin.

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 6, 2021 - 3:04pm

Who cares. Stop focusing on what other people are doing. I found myself getting annoyed at this because I was like, oh I'm in high finance and these novices are making more money than me wtf. But then I realized it's all about risk adjusted performance. And at that point, I realized sure these guys can be up 10000000% but at the end of the day it is pure luck and no different than a gambler bragging about hitting the jackpot.

In another world, they could lose everything and I'd still be doing at least at market return wise. Just trust what you know and believe in your own prudence and judgement. Don't get enticed by the magic of the moment because it all looks good until they lose their principal and then hindsight reminds you: hey, everyone should've seen a joke of an investment failing miserably at some point.

Always remember: view these investors the same way you'd view alternative investors: Risk adjusted basis

May 6, 2021 - 3:14pm

John Stuart Mill

Who cares. Stop focusing on what other people are doing. I found myself getting annoyed at this because I was like, oh I'm in high finance and these novices are making more money than me wtf. But then I realized it's all about risk adjusted performance. And at that point, I realized sure these guys can be up 10000000% but at the end of the day it is pure luck and no different than a gambler bragging about hitting the jackpot.

In another world, they could lose everything and I'd still be doing at least at market return wise. Just trust what you know and believe in your own prudence and judgement. Don't get enticed by the magic of the moment because it all looks good until they lose their principal and then hindsight reminds you: hey, everyone should've seen a joke of an investment failing miserably at some point.

Always remember: view these investors the same way you'd view alternative investors: Risk adjusted basis

I don't think it is pure luck as you label it. It is crypto trading, not a roulette wheel. 

Dogecoin is the joke/meme crypto, but sometimes jokes can take a foothold in real life. 

There are some key questions in trading even with Dogecoin:

- How much to trade 

- When to enter

- When to exit 

I think there is some cash to be made here, but I only put on Doge what I am perfectly fine with losing if I lose all the principle. 

I think my actions are vastly different than this person below who sold all his assets and bet $180K. That's a big speculative bet:

'I just became a dogecoin millionaire': This 33-year-old invested his savings in the meme cryptocurrency with inspiration from Elon Musk

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/reddit-trader-…

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 6, 2021 - 3:18pm

I still think there is some upside to Doge for the fact that it hasn't really gone mainstream yet. Coinbase doesn't offer it yet and it could possibly gain more steam after this SNL episode on Saturday with Musk. It seems to just be breaking out of it's shell and there is no limit to the price.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 6, 2021 - 5:09pm

hahahaha yesss 10/10 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 6, 2021 - 5:13pm

Jason Derulo:

Doge ... to the moon! 🚀🚀🚀

https://vm.tiktok.com/ZMeqANe81/

and he says he has 'millions' in crypto 

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 6, 2021 - 8:35pm

Don't even get me started. My friend an I were on the Dogecoin bandwagon back in 2014! We had well over a million Dogecoins combined and in 2016 the DogeVault got hacked and we lost it all. At the time we didn't care because it was worthless but to think of how much it could be worth now. Makes me absolutely sick.

May 6, 2021 - 9:24pm

IBmonkey1538

Don't even get me started. My friend an I were on the Dogecoin bandwagon back in 2014! We had well over a million Dogecoins combined and in 2016 the DogeVault got hacked and we lost it all. At the time we didn't care because it was worthless but to think of how much it could be worth now. Makes me absolutely sick.

wow

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 6, 2021 - 9:41pm

If you stored your keys on a wallet though, would you still have the Dogecoin?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 6, 2021 - 10:57pm

I didn't buy Safemoon because I didn't have the right type of debit card..... up 4000% since I would've bought it

Array

  • 1
May 7, 2021 - 1:13pm

right on, I never got this. I don't get into arguments about this kinda shit. if someone asks my opinion, I always answer with a question: "are you asking because you're already an investor there and want validation, or are you curious?" if they're already an investor, I wish them good luck and then politely change the subject. this is a bit of an asshole move, but I get paid for my opinion, and more often than not when I've begun this discussion, it just entrenches their prior thesis and it's not helpful to either one of us. if they're curious, well then we'll have a good discussion.

people with short sighted analysis will always exist, it's bad for your blood pressure and your psyche if you allow them to get to you, because when it comes to making money, luck and skill look exactly the same. don't get mad, be the best version of yourself and quietly build fuck you money whatever way works for you

May 7, 2021 - 3:11pm

To the moon!

I bought some more Doge today. 
 

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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 7, 2021 - 4:29pm

hahaha nice

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 7, 2021 - 6:09pm

Exactly my thoughts , a pump and dump scheme feed by the public that believes every tale endorsed by celebs and similars...But also a proof that even wrong moves at the "right" ( maybe thatt's not even the appropiate word , but fortunate or not worst..) time can be profitable.

May 7, 2021 - 6:21pm

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doge breaking through 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 7, 2021 - 6:25pm

This is so awesome 😎 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 8, 2021 - 2:06pm

The US government is giving unemployment and stimulus checks to people who don't need them and they're being used for stuff like this... give people $ to pump into AMC, GME, what's the difference between that reddit speculation causing unjustified stock moves and cryptocurrency pump and dumps? Tbh I find it really hard to give a fuck about some random on social media who's making $10k here/there. It's dumb luck idk why you let it get to your head. Do you king

EBITDA rules everything around me

May 9, 2021 - 8:30am

Lloyd BIankfein

Glad I sold at 64 cents earlier today... kind of suspected the SNL show was going to be when it dumped. Buy the rumor sell the news...

Yeah you got out at a good time - it looks brutal now....

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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
May 9, 2021 - 8:45am

Holy shit hahahahhaha that's funny. I thought it looked like a pretty epic bearish divergence. Made like 5 ETH off a few hundred bucks so I'm happy.

  • Analyst 1 in IB - Cov
May 11, 2021 - 1:39am

What if I benchmarked these traders the way I do a hedge fund? That is by looking at return relative to risk taken. Sure the actual absolute returns are high, but the amount of risk is also insane. It only seems riskless when it's working because the realized event is the only tangible event we can feel.

Read black swan and you'll get it, as I'm sure you probably already do.

These crypto traders can brag all they want. At the end of the day there is no skill to be had here at all, just pure luck. And in the long run, the unsexy will tend to win out. Stick to your metals and ignore the crowds, or you'll make an investing mistake and be the one holding the bag!

May 11, 2021 - 12:11pm

These crypto traders can brag all they want. At the end of the day there is no skill to be had here at all, just pure luck. 

It is trading, which requires analysis of the fundamental value and some analysis of the technicals. It's not blind coin flipping or playing roulette. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
May 11, 2021 - 9:15am

Doesn't bother me at all, had a couple of close friends do well and it's kinda hilarious tbh. My only worry is in regards to the influx of traders and "investors" we've seen in the last 6 months. Market history tends not to favor a large influx of buyers, especially when coupled with a financial instrument few people understand.

May 11, 2021 - 12:01pm

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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 20, 2021 - 9:16am

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