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Anyone riding the Doge train?

Discussion in 'General Discussion' started by Powerman620, Apr 15, 2021.

  1. perfor8

    perfor8 Sharpshooter

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    LOL, not one word re the value proposition. Hint - there ain't one; Doge is the quintessential shitcoin. Time to buy put options.
     
  2. Cowbaby

    Cowbaby Sharpshooter

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    umm Ok. Just make sure you report back on the results of those put contracts your buying, value or not Shorty.
    Not pickin on you. I love a guy with balls of steel.
     
    Last edited: Apr 18, 2021
  3. retrieverman

    retrieverman Sharpshooter

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    You may be right about dogecoin as a long term investment, but in the short term (like right now), I can cash out over $8000 more than I invested less than 5 days ago. I’ll buy and sell “shitcoin” type stocks every day if they give those kinds of returns.:anyone:
     
  4. JD8

    JD8 Sharpshooter

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    It's not a return until you DO cash it out. :D

    He's right, dodgecoin is garbage like GME. However, I'm going to stress to you boys, play it safe, remain nimble, and set your stop loss, because the shorts will eat your lunch......
     
    kwaynem likes this.
  5. dennishoddy

    dennishoddy Sharpshooter

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    Obviously, I need to learn some more about this. My financial guy said to run away, but some here appear to be profiting.
     
  6. tRidiot

    tRidiot Sharpshooter

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    I'm doing small amounts, in for the long haul, not looking for short term gains. Haven't done Doge, but it's cheap enough I could - although I'm also of the opinion this one doesn't have longterm legs. I don't know why, I just think most of the crypto community doesn't seem to 'respect' Doge and if anything are intentionally capitalizing short term and will bail and laugh when it crashes.

    So far my ETH seems to be doing well, although admittedly, I've only been following it a couple months.
     
  7. Cowbaby

    Cowbaby Sharpshooter

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    I am a gold guy meself. They are exercising TOTAL control of that and letting this run amok.

    I consider them speculations not investments at the current time. As long as you can understand the difference its OK to play with some butt-coins. Its is out side of dollars which is what matters right now. I speculate in crap stocks myself sometimes. As long as you understand you are.

    Elon Musk tweeting and buying Doge is what set this rocket ship off to the tune of 4000 pluss% in a year. An eye watrering return in anyone's portfolio. Don't remember who it was but some famous money manager one said that if your are making outsize returns you need to sometimes re-examine the amount of risk you are carrying. Or as our very own Will Rogers so succinctly stated "I am not worried so much about the return on my investments so much as the return OF my investments".

    Tokens passed 1 trillion market cap the other day. That is gov't level and Central Banker amounts of zeros. Trust me it has the Federal Reserves undivided attention now. It is cutting into their control and endangers their power to issue the currency which is something they will not give up easy without a fight.

    On the other hand they have allowed this to get this big. Which makes me wonder if this was not the plan all along because if you think about it they record every transaction that was ever made with them in the blockchain. Try to dodge some taxes with that. Or a totalitarian control in a cashless society where they can flip a switch and cut you completely out of a monetary system and block your ability to transact.

    No saying this is true, but are we being given a Trojan Horse poison pill to test out our acceptance adoption? The fact that they are allowing it to happen bugs me the most. Just my two centavos which is worth even less.
     
    Last edited: Apr 18, 2021
  8. perfor8

    perfor8 Sharpshooter

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    There's bank to be made in cryptos, no doubt. Timing is definitely not my strong suit, but it looks like I rang the bell at the top for ya yesterday.
     
  9. perfor8

    perfor8 Sharpshooter

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    Right there with ya. Silver too. Au and Ag are 2 of the very few assets that haven't seemed to benefit (yet) from MMT/dollar creation (AKA inflation).

    When asked for investing advice I always give the same "step 1" - acquire more silver than you can pick up and carry. Very few ever make it to step 2.
     
  10. retrieverman

    retrieverman Sharpshooter

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    “Day trading” is risky whether you buy energy stocks or crypto, but I’ve made a heck of a lot more trading in a couple cryptos than in any stocks.

    Just like GME, there’s going to be some winner and some losers in dogecoin, and I already have a jumping out point in mind.
    I’ve been holding silver (and a little gold) for years and am looking for a jumping out point. I keep hearing “predictions” of silver going to $50-75/ounce, but it dang sure ain’t happened yet.
     

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