Elon, DOGE and WTF

in doge •  4 years ago 

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Hey Everyone!

What's up with this Dog thing?

I don't know what Elon Musk's motives are to tell people to buy #doge, but I am concerned a lot of people are going to lose money.

I'm totally an advocate of Free Markets, but Doge is the Dog of crypto. It's a joke coin. We love it, it's a meme. It's not an investment.

It has unlimited inflation, which probably makes it seem comfortable to those of you who are used to USD. (snark)

It is accepted almost nowhere as a currency, the project has no development team and this is a classic pump and dump.

I love crypto and I'm glad so many people are getting exposure, but don't invest more than you can afford to lose.

@whatsup

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Ha... It's the new, exciting world of Cyber investing. Nothing need be real :>)

Yeah, that's pretty much a shitshow.

But here's a cool side story: Many many moons ago when I was a total noob, I spent some time playing around with crypto faucets... of course it was a complete waste of time; I ended up with about 1600 Doge that were worth maybe $3.00... so they were just sitting there, and I just got to cash them out for about $120.00. Wow, Such Fun!

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