your first time in crypto and you're putting money into that thing that most people already sold.
I thought about hopping on at 13 cents but beyond that no way. how anyone with dogecoin could wake up and see it at 40 cents and not sell... lol.
That looks exactly like the hundreds of pages of nonsense with GME on WSB.
That's what happens when you're investing in something based on hype and not any actual rational reason.
you're literally comparing dogecoin to coins that people invest in that have real value? it's a meme coin with a ceiling that it's already above. why are you comparing it to bitcoin lol.You are the kind of person that would shit on someone for buying BTC at $1000 because it had never been there before.
99.999% of people buying coins right now are speculating on a new type of investment; you have no idea if the market is going to halve, double, or triple in the next year so intimating that someone putting money in at a near ATH is foolish is......foolish.
Wrong. Its called due diligence and being an informed investor. In the age of the internet, not having any idea what you are throwing your dollars at is inexcusable.However you can't expect someone new to the space to know that.
Wrong. Its called due diligence and being an informed investor. In the age of the internet, not having any idea what you are throwing your dollars at is inexcusable.
Wrong. Its called due diligence and being an informed investor. In the age of the internet, not having any idea what you are throwing your dollars at is inexcusable.
Do you really need me to type out the proper answer to this?And that nobody really knows what the fuck they are throwing money at.
My post was pointing out that to most people investing in crypto everything the two of you said doesn't matter. Doge, for better or worse, is probably the 3rd most recognized coin to laypeople. That means when Bitcoin or Ethereum go up then there is a high likelihood that Doge will follow with the tide. So criticizing someone for buying any coin now is asinine because of the room that the entire ecosystem has to grow on the backs of BTC and ETH.
This is a true statement in fact but false in real world practice.
Do you really need me to type out the proper answer to this?
No, but if you want to do a group exercise of dunning kruger, have at it.
dogecoin does not go up or down with eth and btc... did you see what happened this week? the entire market crashed 20% and dogecoin barely moved.
am I in the wrong forum? it's literally 1 of the only cryptos that didnt directly rise/fall as eth went from 2500 to 2000 in 1 day.
Totally agree. Understanding Bitcoin alone is easily 50+ hours of research, assuming you're reading the right shit. LachiusTZ nailed it regarding the need to understand multiple disciplines to be truly informed. Really only two groups of people that understand the space right now to any degree, technologists and financial folks that think about macro. If you're Joe plumber you've got a lot of work to do. Throwing a couple hundred at DOGE while you figure the space out isn't unreasonable, even if its not a great idea.Wrong. Its called due diligence and being an informed investor. In the age of the internet, not having any idea what you are throwing your dollars at is inexcusable.
And to be clear I am not pissing on crypto. Far from it. I dont invest in it for two reasons. I dont understand it enough and the exchanges are hot garbage. When Fidelity, GS, JPM, Vanguard etc are all offering it, that will eliminate that issue. I feel the same way about the equities market. I almost never invest in sectors I don't follow and when I do it almost always ends up poorly for me.Totally agree. Understanding Bitcoin alone is easily 50+ hours of research, assuming you're reading the right shit. LachiusTZ nailed it regarding the need to understand multiple disciplines to be truly informed. Really only two groups of people that understand the space right now to any degree, technologists and financial folks that think about macro. If you're Joe plumber you've got a lot of work to do. Throwing a couple hundred at DOGE while you figure the space out isn't unreasonable, even if its not a great idea.
You basically need a PhD in avoiding internet scams on top of the above to keep what you buy too. The media and whales are going to do everything they can to get you to buy shitcoins while keeping BTC price down while they create their positions. We're talking about an unregulated international market here so they're using all the dirtiest tricks available to manipulate.
Just buy BTC and HODL. All that research is going to lead you to that conclusion anyway