Dogecoin surges 85% overnight. What are your thoughts on this?
So in the last 24 hours, Doge coin has surged 85%. It's now trading right around the 13 cent Mark. I'm curious to know from those of you that have been following this whole saga. I guess this can sort of be tied into what has been happening with other crypto trends lately, but I just wanted to know from someone who's a little bit more tuned in than I am. What do you think of this? Does it indicate anything for you?
Sudha Varadarajan
@sudha · 1:31
And so many other such trading platforms come online that allowed direct to consumer access to trading stocks. And the startup Craze was just out of the world. And then I was in San Francisco when everything crashed. And the following years that happened. So I've seen that, too. So I will say this. I have seen this in the past. I've seen this bubble
Some of these are in bubbles and those coin got to be one of them. I do think everything's a bit hot right now, but there is huge news in the market about kind of cryptocurrency is finally being exposed to the stock market, so that's generating a lot of interest from other sectors of finance. But anyway, I think crypto can lead to good things. There are some definite ways to lose your money out there. And I think Dogecoin is a big way to do that anyway
phil spade
@Phil · 1:35
You know, Jeff makes a couple of points that I really want to reiterate. One is that it was started as a joke and there really isn't any real use case for it. Other cryptocurrencies you can really target in on what the specific use case can be for that. And I'm not seeing that with Dodge a coin. So I don't see the utility. And also he mentioned this that it can be printed, they can make as much as they want
What are you going to do with that money when the planet is destroyed or not habitable for humans? So that's kind of I find Doji Coin a great example of something that shows what's going on, what's going on. And I think it's worth thinking about, like, wait, hold on. What is the value? What if we created more?
Yeah, I'm just ready to make some more money out of it. I made about 7000 last year and still had some more, so just ready to make some money
So I wanted to circle back to this conversation from three weeks ago. Actually, it's three weeks today. And at the time of posting, this Dogecoin had surged more than 85% in the last 24 hours. It had broken down the ten cent Mark for the first time in its history. And as I'm recording this now, it's hovering right at around $0.65 per coin. So 21 days ago, it was just at about $0.10 a coin. And now it's 65
Hey, Jeff, you bring up so many good points. And one of the things that you touched on that I'm seeing a lot of is advice being given people that have no knowledge about investing, no knowledge about crypto. And because they sort of hit it big early with this fluke increase in the price over the last several months, they're seeing this as a badge of honor of some kind
Malcolm Gordon
@MalcolmG · 3:03
So there are some concerns, but I think we have to just be more light hearted about it and see it as like a joke. But it's also a joke on Wall Street and these typical kind of classic minded investment opportunities that aren't just panning out. Look at GME from a few few weeks ago, like the old kind of mindset of how to invest, I think, is getting upended by really a joke. And I mean, the financial system has been a joke for a long time