/biz/ - Business & Finance

>>27034732
there is zero reason to hold it, anyone buying that shit instead of silver/silver mining is retarded

Wow oppie you might be on to something

it's not about the value it's about the presence which is value from a different perspective

once you buy stocks or w/e the £ value you see only means the money you can take out now. what you have to follow is the sentiment of people. every meme every post every person you tell about what you want to go up makes it go up, people talk about it!

>>27034732
Yes, it's a literal meme

It is worthless.
People buying it are retards falling for the oldest pump and dump scam in the books.

>>27034732
But it is?

>>27034732
Yes. I'm buying more.

Yeah it is worthless but there's a lot of retards willing to pay big money for worthless shit

>>27034732
People bought it because of Elon, I lost a lot of money because I shorted before his sdcond tweet ahsbxbdjdj yes I'm mad

>>27035188
Stop being so cringe reddit

>>27035437
Same 2 hundred dollars down because I didn't understand the power of the memes

>>27034732
A dumbed down primer into what dogecoin actually have evolved to this day: it's literally becoming an index of irrationality in the crypto markets. If you see it's going up, that means you gotta start buying shitcoins because reality will be distorted in the coming days. Volatility in crypto will start to rise because these dumb retailers have come in. I've been using this method since 2017 and it worked really well.

This anon >>27035188 explains it in another perspective.

But, no, there is no value in the coin itself, but rather it's just there to give us the signal that the volatility is coming.

>>27034732
It actually works really well as a cryptocurrency. Very low fees, fast transactions, little dollar value so you can actually send proper amounts instead of 0.00001 of a coin. Unlike centralized scams like nano or Iota, it actually is a real decentralized cryptocurrency like Bitcoin, fair distribution, shares mining hasrate with Litecoin so no danger of a 51% attack.
By its nature it was designed to be used as an actual currency, not horded as an asset, which is why it has quite high and infinite inflation among other things.
It gets pumped every few months, theoretically you can just grab some at the bottom, set a sell order for twice as many satoshis, and you'll probably make some cash if you wait a bit. Buying in when it's already pumped though, or let alone when it's already dumping again, is retarded though. Yet every time there are more newfags who fall for it again like clockwork.

>>27034732
it's lottery pump and dump. it's literally the equivalent to everyone putting money into a pot, then each of us picking a number and then spinning a wheel that lands on the number and the person closets to the number wins the pot.

>>27034732
Eth has unlimited supply too

It has no value. That's the point. It's a pump coin.

>all over media
>no value

just wait til pajeets and chinks hear about it

>>27034732
>shouldnt it just be worthless?

Well... yes.

>>27034732
They want to send a message and clueless are jumping on the bandwagon thinking they are going to make a buck. The whole thing is moronic for the exact reasons you stated.

If they really wanted to send a message to the man they would be pumping XLM, XRP or Chainlink, due to SEC concerns and the XRP lawsuit. At least those currencies actually have a use case, agreements and a valid store of value.

Musk is laughing with the other elites at the morons here investing in Doge. So clueless people thinking Musk is on their side.

Thread theme https://www.youtube.com/watch?v=hXetO_bYcMo

>>27034732
>How does the US dollar even have any actual value? If theres an unlimited supply of it, shouldnt it just be worthless?

You know what's really fuckin worthless?
Facebook stock

>>27037839
It's just btc but it looks nicer because it's not popular or used for anything.
If you want an actual network use Cardano.
Great shitcoin to throw a few bucks into whenever it's down and wait for the next memeing tho

>>27038737
cringe nodoger kys fag

>link
no srsly, KYS stinky linky pajeet

>>27038737
>XRP
>store of value
XRP has over 20% inflation per year.
It's also a complete scam.

>>27038975
> Buy 51% of the stock
> You now own facebook
Just as worthless for anyone without big money though

>>27036015
So, when are the TOP SHITCOINS to buy at this point?

All I've really got at this point is LINK,ETH, and some random LTC/XRP from way back.

>>27039357
Everything is a scam. Some hide it better than others. Doge was built to be a joke - scam coin. New fags keep falling for it.

>>27039423
XLM

>>27039832
THIS

>>27039659
Not quite, a few projects are actually sound and make sense. 99% are indeed a scam tho.

>>27039659
How can it be a scam if it openly presents itself as a joke and the opposite of an investment and a store of value?
XRP is a scam because it promises investors a return on their money (which is why they're getting fucked by the SEC), while having by far the highest inflation of any major coin. The owners own the vast majority of he shares, they also control the network, which isn't actually decentralized.
The token has also existed since 2013 and still isn't actually used for anything, unlike Dogecoin, which is actually used quite a lot.

>>27040492
>unlike Dogecoin, which is actually used quite a lot.
U wot

>>27034732
It made me $10, not bad in my book. Better investment than Robinhood, in any case.

>>27034732
Doesn't that also make every national currency a worthless joke too?

>>27042653
This

Feeling so comfy shorting this rn.

>>27034732
stuff only has value if a lot of people believe that it has value.

>>27040492
I was some what with you until you said it isn't decentralized. That is just FUD people have been spreading for years. It is something like 40 validators and 6 of them are at Ripple. So obviously not centralized. Usually people that say that are afraid XRP will take market share from Bitcon since Ripple/XRP posed the greatest threat to Bitcoin on a technical and fee level.

>>27035096
>silver mining
motherfucker what?

https://i.imgur.com/MDqvVMx.png


Don't mind me..

I spent my morning vomiting for about 40 minuets trying to cope with the huge fucking loss I took.. Isn't it funny how all the "HOLD STRONG BROTHERS" doge threads just disappeared out of fucking nowhere? And everyone on here was so sure we were going to hit 10 cents. Serves me right for chasing a dream....

>>27034732
so if there's a coordinated effort to market this to millions through verified twitter accounts - knowingly worthless material, isn't there something inherently fraudulent about that?

>>27044774
coz it will be you weak loser

not our fault you're a little scaredy punk ass bitch that can''t hold you damn virgin

buy again and HOLD

Nice try you fucking cunts, I ain't gonna fall for this again. Could have 3x my coins had I hodld. But not this time, even if it goes to zero I shall HODL.

With the same logic dollar would have no value because there's an infinite supply

Doge keeps dropping but plenty of people are holding. Will it rally or is did reddit never come to buy any?

>>27044774
you really thought anonymous internet faggots calling you "brother" had your interest at heart and weren't trying to dump their huge fucking bags on you?

>>27045403
No one tell him.

>>27045403
Anon you might wanna sit down for this

>>27034732
normalfag pnd

>>27044587
kek

>>27045626
But everyone on /v/ calls me bro and post nice pictures.

>>27034732
Since the absolute inflation stays the same, the inflation rate relative to the current amount of total DOGE lowers. Simple as that. Monero has an unlimited supply, too, btw.

>>27034732
WHY does USD have any value if you can literally print unlimited amounts?

>>27034732
So just like any other coin?

top 16 own 75%+ of the entire supply
greatest financial destruction inc

its a pump and dumb

>>27034732
its not unlimited. there are 120 billion coins and 5 billion is added yearly.

>>27034732
BTC didnt have value either remember? doesnt matter if its a meme stock, it costs literal pennies and is destined to hit $1

>>27034732
weve been over this anon. 1 doge = 1 doge. the logic is foolproof

Just sold

>>27048857
Did you make anything or did you lose?

>>27034732
It's not the supply. It's that the coin actually does nothing

Its worthless, infinite supply

People that buy and hold are going to lose their money, but Im sure if you hold it long enough someone will meme tweet about it again in a few years so you can sell your heavy bags

>>27034732
I'm really tired of redditors lately. These are questions that would have been justifiable in 2017 but God damn, now? Fuck back off to your safe place.

>>27049211
I made 2 dollars

>>27048515
Bitcoin only has 21 million that can exist

Doge has no limit

>>27050498
youre assuming there wont be any future limitations on doge supply

>>27050498
Doge has a 120 billion limit that gets 5 billion added to it every year.

It is a meme currency but people do use it for small tips for streamers and other stuff online.

>>27034732
Welcome to stonk

>>27034732
>How does the United States Dollar even have any actual value? The feds have been printing money for the last century....If theres an unlimited supply of it, shouldnt it just be worthless?

>>27049581
I have never used reddit in my life

I made $200 off doge yesterday.

I was in at .02, when it hit .08 I sold, but by the time RobinHood processed my order it was at .05

It is fun and anyone can play.

Ahahahahahahaha.
that’s gem you could participate in?
Illiterate mid-wit confirmed.
camy to you and “fuck your girl”
Don’t ask me to kick you off from this thread
Wanna get money - use your fucking brain and go for BASE
That’s all I can advise u

>>27034732
It doesn’t

>>27038867
How do people this genuinely stupid even find their way to this board without choking on the fork they eat their morning cereal with

>>27051129
yes

>>27051829
You don't eat raw liver for breakfast?

>>27035280
based

retards often fall for the meme, might make big bank if you got a million of them a few years ago.

>>27034732
Its a meme but im acoomulating til it hits $1

>>27044587
>not having your own silver mountain to mine