Why You Absolutely Should Not Buy Dogecoin Right Now By David Zeiler , Associate Editor , Money Morning • @DavidGZeiler • January 29, 2021 View Comments Here are the details, Report: Video shows 13-year-old had his hands up when he was fatally shot by a police officer, There was a deadly mass shooting at an Indianapolis FedEx facility overnight. Follow. Whether you follow the world of cryptocurrency investing or not, it’s been nearly impossible to avoid headlines that discuss the recent boom of Crypto and if it will last. If you’re looking to invest in Dogecoin or any other cryptocurrency, make sure you do your research and always assess your personal goals before putting down any money. I know that they took the cap off the issuance, do you think in the future they may put … The dogecoin shot up today, but what is going to make it keep going up? My Take On The Future of Dogecoin. In addition, be sure to compare the digital currency you’re interested in against other coins to decide which one is the right investment for you. 12. The price has remained quite volatile, despite redditors still encouraging people to keep buying so it will ‘go to the moon.’. Dogecoin is what is referred to as an ‘altcoin’ in the cryptocurrency world, as it is a coin that is an alternative to the most popular cryptocurrency Bitcoin. Dogecoin is a cryptocurrency that has humble beginnings as an online meme of sorts. This same tactic of observing the price charts can be employed for any cryptocurrency or stock you consider buying. What Is Dogecoin Cryptocurrency And Why Should You Care? So if you are looking to invest in it you should invest before its exchange rate is less then $1. How to invest in dogecoin People buy and sell cryptocurrencies through crypto exchanges such as Coinbase , Binance , and Kraken. 5 Reasons Why you Should Buy DogeCoin Now ASAP. Cryptocurrency investing is still fairly new to the business & financial world and there’s no telling where it’s headed next. In a nutshell – The Melvin hedge fund had placed what is known as a “short,” or monetary bet that the stock for the company GameStop (GME) would go down in price.. A group of redditors found out about this, and decided that they would work together to purchase as many shares of GME as they could in order to stop Melvin from making money. Its … Dogecoin was created out of an internet meme (created out of a dog meme). This doesn’t mean that my investments are risk free, in fact, the amount of risk is likely the same whenever you invest your money. You no longer have to think about hyperinflation due to mining ending. The popularity of Dogecoin is widely based on social media. Do you want to me a ... no comments yet. At the moment, Dogecoin is trading at under $1, meaning that losses can be kept at a minimum if someone was to invest in this particular cryptocurrency. 30. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. They wanted to create a cryptocurrency which could reach a broader audience than Bitcoin, while also not being shrouded in controversy like a lot of other altcoins on the market. If you do decide to invest in Dogecoin, we recommend using it as only a minor percentage of a highly diversified portfolio. This altcoin was developed to cater to much broader demographic than Bitcoin. WHY YOU SHOULD INVEST IN DOGE. This year has brought newfound attention to Dogecoin, a cryptocurrency created in 2013 … U.S. News & World Report - The digital currency is up more than 1,400% in 2021 already. It’s purely digital, which means there is no real-world physical representation of the money and it’s not backed by anything like paper money. But there remains man-caused climate change skeptics, including one Utah author who says these "prophets of doom" are wrong. save. To learn more or opt-out, read our Cookie Policy. Dogecoin is a cryptocurrency that has humble beginnings as an online meme of sorts. Eager new investors who are short on cash often look to penn, “Cryptocurrency is a scam. This is because while Dogecoin is a new payment system to rival PayPal or Visa, Ethereum is more of an internet-like platform, built to rival the current world wide web. Minority Mindset may earn a portion of sales from products that are purchased or recommended through our site as part of our Affiliate Partnership with retailers and brands. Cryptocurrency News. Best Crypto & Blockchain Right Now / Why You Should Buy $500 in DOGE as Dogecoin Prices Rocket to 17 Cents; ... Dogecoin Prices: The Joys of Investing. The Dogecoin does not actually have any financial worth, however, because the Cryptoast web site explains, it may be used principally as a way of fee for giving tricks to content material creators on the web. We will not be liable for the accuracy, usefulness, or availability of any information transmitted and/or made available by way of our products or services, and shall not be responsible or liable for any trading and/or investment decisions made by you based on any such information. Dogecoin Is Soaring—Near $.10 For First Time Ever Forbes - Nicholas Reimann • 12h. Dogecoin is a first-generation cryptocurrency that can be used to transfer value globally in a secure manner. Question. Exchanges are prime hacking targets, so there is good reason to store your crypto yourself. CNBC's Jon Fortt discusses why investors should take dogecoin seriously with Coindesk's Emily Parker. There, now you have the s, I find that many people go through similar sets of emotions, I started investing the day I signed up for my employer’s. We want everyone to be able to make educated financial decisions. So Dogecoin is like Bitcoin, right? However, we’re proud of the financial education and guidance that we provide at no charge. Dogecoin right from its launch has become very much significant in the crypto world. If you intend to keep Dogecoin for the long term, it can be a good investment. Dogecoin was created by combining the software from a couple of other already existing cryptocurrencies known as Luckycoin and Litecoin. The problem with a coin like Dogecoin, which is a common issue experienced by most cryptocurrencies, is that because its price is so unpredictable, it makes it difficult for merchants, or even your friends, to accept it as payment. Dogecoin is very cheap – around $0.0009 at the time of this writing – so buying 1000 Dogecoin only costs about $1. Do your proper research and look at the trends. Bio. $348.71. Vote. 14.6k. An investment in Dogecoin should only be considered if you are into extremely risky investments with the potential to not have any returns in capital. What are the major differences between Bitcoin and Dogecoin? Today, Dogecoin ranks among the top currencies of its kind, and the internet hype has a huge role to play in it. Reflections on President Oaks’ conference talk on the Constitution from the worlds of politics and law. An investment in Dogecoin should only be considered if you are into extremely risky investments with the potential to not have any returns in capital. Cryptocurrencies are decentralized, which means money can be sent between two people without needing a bank or other transaction processor like PayPal to verify the transaction. But ultimately, the decision is up to you. Cryptocurrency markets are prone to rapid, sharp price changes, so if you decide to open a position in Dogecoin, you should be prepared for the high volatility in the price along the way even if the long-term outlook is bullish. Ethereum. If you've heard the term dogecoin floating around of late, you're not alone. My Start In Crypto: From Clueless and Skeptical to Profitable, 3 Painful Financial Lessons Cryptocurrencies Taught Me, 3 Easy Steps To Getting Started With Stock Trading, What Are Capital Gains and How To Calculate Them. But it does not affect our recommendations or advice. Dogecoin is the name of a cryptocurrency inspired by the internet's famous Doge meme. U.S. News & World Report - John Divine • 8h. Believe it or not, it originated from an unlikely source: the Doge internet meme. This altcoin was developed to cater to much broader demographic than Bitcoin. You should look at your own personal situation and requirements, and seek independent professional advice, before making any financial decisions. The fact that Dogecoin was launched in 2013 and is still around in 2020 shouldn’t be sneezed at. Dogecoin has seen a huge spike in value because of the Coinbase IPO decision. Why is this physicist challenging climate science? Close. Copyright © 2021 Deseret News Publishing Company. As of the writing of this article, Dogecoin is still priced at a few cents a coin, but has come down significantly from it’s 800% high. WHY YOU SHOULD INVEST IN DOGE. Dogecoin was released on December 6th, 2013. For everyone else, putting your money behind solid long-term investments is your best bet. Famously, Dogecoin features the Shiba Inu from popular internet memes. Even if cryptocurrencies in general eventually become mainstream, Dogecoin itself may or may not become widely accepted. “An investment in Dogecoin is not about making money (although it may happen accidentally) it’s about being a part of something bigger,” according to Benzinga. I’m just personally looking for something which is more likely to generate some returns, rather than investing in something like Dogecoin where I am just waiting and hoping for the next social media “spike” in order to sell. As for Ethereum, well this can’t be compared to Dogecoin at all. Putting the cryptocurrency in context by looking at its history, comparing it to rivals and examining its improbable rise should help answer that question. This altcoin was developed to cater to much broader demographic than Bitcoin. If you want to still invest or try out Dogecoin, you can do so by exchanging any other currency for Dogecoin … 14.6k. And, one Dogecoin is equal to 0.00000153 BTC. All Rights Reserved. For more risk management, come visit me at investdiva.com . And to further confuse things, when you are buying the Ethereum cryptocurrency, you are really buying the ability to develop these smart contracts and use their features on the Ethereum platform. If you don't already have a crypto wallet, you might want to get that first. 526 comments. So if you decide to invest, do so knowing that rapid price fluctuations come with the territory. Bitcoin and all these other pro, Buy low, sell high. Minority Mindset and CardRatings may receive a commission from card issuers. Regardless, it’s important to remember that Dogecoin is only worth what people invest in it. Should You Invest In Dogecoin? 0.07!! Although Dogecoin was quickly a hit among the public, tragedy struck on December 25th, 2013 when the wallets used to hold Dogecoin (known as Dogewallet) were hacked and millions of the coins were subsequently stolen. Let’s begin by discussing what is Dogecoin. What Are Cryptocurrencies And Why Are They Important? It was believed that its fun feel will protect it from controversies of Bitcoin. When you invest in Dogecoin, it’s through a peer-to-peer digital transaction. Contributor’s opinions are their own. By John Divine | April 12, 2021, at 3:20 p.m. Disclaimer: The information on this site is of a general nature only. This is because if I accepted a payment from you when Dogecoin was worth $0.05 a coin, it could easily fall to $0.03 a coin within the next few hours and I could lose 40% of your payment before I am able to cash out. You’ve probably heard this before if y, As an investor, I view two main things as having the ability, When I was really young, I thought having money was just som, Are you interested in real estate investing but intimidated, Cryptocurrencies are digital currencies that can be used to, Cryptocurrency is here to stay. It is part of what gives the community a friendly aura. As a general rule, an investment which depends on its popularity in social media is not something you want to depend on for long-term returns. This year has brought newfound attention to Dogecoin, a cryptocurrency created in 2013 … Getting a taste of the stock market can give you an idea of how to invest more in the future without ruining your retirement funds or putting you in debt. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. a group of reddit investors banded together to push up the. The U.S. Constitution’s crowning purpose is to provide and protect moral agency, including freedom to vote one’s conscience instead of for party loyalty, he said. The word Ethereum refers to a blockchain, which is a network of computers which are connected, on which people can build their own smart contracts. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. In the cryptocurrency world, Dogecoin is often referred to as a “joke,” meant to poke fun at the number of new coins being created every year. Many Dogecoin users are in it to have fun, so the community is solid. It was invented by two software engineers, Billy Markus, who works for IBM and Jackson Palmer who works for Adobe. Dogecoin has one of the largest and most active communities in the cryptocurrency world. Although Dogecoin was quickly a hit among the public, tragedy struck on December 25. , 2013 when the wallets used to hold Dogecoin (known as Dogewallet) were hacked and millions of the coins were subsequently stolen. As of now one Dogecoin is valued at $0.059936. All Rights Reserved, Dogecoin soars to the moon. ET By. This means that both currencies can be traded between two individuals without government interference. Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. Personally, I look for something which has a generally upwards trending trajectory. Smart contracts are like web pages, and they can be designed to be businesses, such as shops, exchange markets, and digital banks. 526 comments. dailyhodl.com. Should You Invest in Dogecoin? After they successfully bankrupted Melvin,several major trading apps like Robinhood, Charles Schwab, and TD Ameritrade, all announced there would be new restrictions on the GME stock, which they claimed was to reduce the level of volatility in the markets. While there are a couple merchants who may take Dogecoin as payment, they are few and far between because of the volatility issues I previously mentioned. Dogecoin is one of bitcoin’s rival cryptocurrencies and tesla ceo elon musk is a big fan. Subscribe to our FREE finance & business newsletter to get financial news you can finally use. Should You Invest in Dogecoin? Posted by 2 days ago. By February of 2014, the community completely replaced the funds. It was believed that its fun feel will protect it from controversies of Bitcoin. I personally do not suggest investing in Dogecoin for the following reasons: And this time around, it may be thanks to one of the world's richest men. The digital currency is up more than 1,400% in 2021 already. Moreover, looking at the chart below, you can see that over time the supply actually slowly grows at a slower pace. So if I wanted to send you money instantly, without having to wait for Venmo three day cashout, or a bank’s five day holding period, I could easily do so using Dogecoin. Exchanges are prime hacking targets, so there is good reason to store your crypto yourself. T his is because when you look at the chart of the price history of Dogecoin since its inception, you can see the coin clearly experiences frequent spikes in price, but always returns to the same price of about $0.007 per coin after a period of time. Please check your email to confirm your subscription. Why should I invest in the doge? Dogecoin was created out of an internet meme (created out of a dog meme). Dogecoin is a first-generation cryptocurrency that can be used to transfer value globally in a secure manner. The community stepped in immediately, and started a fundraiser to replace the stolen coins. So what exactly is Dogecoin, why is it currently popular, and should you invest in it? ... What you need to know before investing in crypto. Investors should remember that both Bitcoin and Dogecoin have been highly volatile investments. This year has brought newfound attention to Dogecoin, a cryptocurrency created in 2013 with a market capitalization of around $9 billion – good enough for a spot among the top 20 largest digital currencies in the world. All Rights Reserved. Although there is much work currently happening in the cryptocurrency world to solve these problems, it’s unlikely that Dogecoin will achieve widespread usage anytime soon. In this article, let's talk about Dogecoin cryptocurrency and if it's worth investing in. For instance, Bitcoin lost over 80% of its value from December 2017 to May 2018. On this subsequent video in Lilmar’s fantastic monetary recommendation sequence, he explains why Dogecoin is a good funding on your Wednesday, March 24, 2021 CRYPTO COINER DAILY , with most of them trading at zero or near zero USD. 30. However, a new name has been dominating the news cycle: Dogecoin. 10.61K Followers. Also, be prepared to lose everything you invest if the tides suddenly change. You can also trade it for other cryptocurrencies on several crypto exchanges. Famously, Dogecoin features the Shiba Inu from popular internet memes. Mainly it is up to you. Minority Mindset has partnered with CardRatings for our coverage of credit card products. One of the most common uses for Dogecoin today is … It was introduced by Jackson Palmer in December 2013. Should you invest in Dogecoin? Why prices of the cryptocurrency are surging — but risky Published: Feb. 8, 2021 at 1:03 p.m. Should I buy dogecoin? Posted by just now. And therefore any investment in Dogecoin should be considered risky, as the coin is extremely volatile and unpredictable. Dogecoin falls into this category. The digital currency is up more than 1,400% in 2021 already. There is no way to determine what the next few years will bring. In fact, there are over 4,000 cryptocurrencies in the world, with most of them trading at zero or near zero USD. The decision to use this character was brought on by the developer’s desire to keep the project light-hearted. But these are for informational purposes only, they’re not investment advice. Dogecoin is having a moment — and now the question becomes whether or not you should invest. The logo for the coin is of the Shiba Inu dog, which is an online internet meme of itself, as I wrote for the Deseret News.. Mark R. Hake, CFA. CNET. should you buy. View Entire Discussion (0 Comments) More posts from the dogecoin community. WHY YOU SHOULD INVEST IN DOGE. Why it's a bad idea to buy dogecoin now unless you lost your internet connection this week, you know what happened to gamestop stock . In fact, there are over 4,000 cryptocurrencies in the world. If you invest in Bitcoin, you already have a crypto wallet and this should be quite easy. George Chrysochou, investor and global marketing manager for Financer.com, told US News and World Report that investing doesn’t make sense right now. It’s another reason why so many people want to learn how to invest in Dogecoin … This type of generosity is constantly on display. However, keep in mind that altcoins are highly volatile. That follows a spike of more than 900 per cent on January 29 when the coin soared to an all-time high before sliding back, with trading volumes exceeding those of Bitcoin (BTC).. Has all the attention got you wondering “Should I invest in Dogecoin” for outsized portfolio returns? How Dogecoin began. Feb. 17, 2021 9:15 AM ET Dogecoin USD (DOGE-USD) BTC-USD 81 Comments 25 Likes. Things I Learned When I Started Investing Strategically. And it worked; Melvin had to complete the short and purchase back all of the shares it had borrowed, which ultimately caused hedge funds to lose billions in a matter of days. Posted by just now. Liahona Olayan — another Utah "American Idol" competitor who made it to this season’s top 24 — shared her support for Pike. IRS to send even more ‘plus-up’ stimulus check payments. Vitalik Buterin Updates Ethereum 2.0 Roadmap, Details Plans to Exponentially Increase Scalability. So should you invest in Dogecoin? 1- Good Future Growth Experts on dogecoin prediction are saying that pretty soon one dogecoin will be equal to $1. Posted by 1 month ago. Dogecoin Prices: The Joys of Investing. We’re paid by our brand partners and advertisers. Well, sort of. Logan Kane. Crypto analysts have explained why dogecoin (DOGE) is going up and why … “It has no official road map nor a white paper. This doesn’t make it a good long-term investment, because its price isn’t on a constant incline like Bitcoin’s is and doesn’t seem likely to generate long term returns from just holding the coin. ... And if you do, invest only money you can afford to lose. Should You Invest in Dogecoin? Dogecoin is having a moment — and now the question becomes whether or not you should invest.. What is Dogecoin? Dogecoin is a risky investment that's subject to volatility, and it's not for everyone. Our content is provided for informational purposes only, and no content that is provided or included in our products or services is intended for trading or investing purposes. Why, for the Lolz. Should You Invest in Dogecoin? Like Bitcoin and Litecoin, the main purpose of this coin […] Climate change is a hot topic in science and politics, especially with the ascension of President Joe Biden, who is rejoining the Paris Climate Accord that seeks to tamp down emissions. So, make sure you only invest money you can live without. You will also need a unique wallet to invest in Dogecoin. Of course, any type of investing involves risk and you should only invest the money you can afford to lose in the crypto market. Mark DeCambre Comments. 3-time NBA champion, 13-time All-Star Dwyane Wade becomes part owner of the Utah Jazz. And with serious gains on the line, you’ll always want to keep an eye on your options so that you can differential the winners from the “joke” coins and potential bubbles. Understanding Dogecoin could help you invest in a potentially lucrative asset. It is a tremendous achievement for Dogecoin to have endured such a long journey from launching as a fun idea to contributing $100,000 to different charities, to being an important participant in the WSB Reddit fundraiser. Close. Today, Dogecoin ranks among the top currencies of its kind, and the internet hype has a huge role to play in it. Vote. Dogecoin (CCC:DOGE-USD) has been in the limelight in 2021. Dogecoin is a relatively new phenomenon in the cryptocurrency investing world and it has most investors asking: Is this just a bubble or will this rally last. Dogecoin jumped in value along with other forms of crypto, including Bitcoin and Ethereum. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Here's why you're going to be seeing DogeCoin memes on your Twitter and Facebook accounts. However, by staying up to date with the latest trends, knowing your history, and assessing your own goals and risk tolerance, you can help to reduce any potential losses with digital currencies, and actually start making money if you do things the right way. Things you can do with Dogecoin. Jackson made the coin out of joke and the coin still seems to remain a joke up till date. And why is it worth so much right now? Dogecoin surged when Elon Musk and Reddit started talking it up and buyers overwhelmed the free-floating supply. Kraken and Bittrex, however, will allow you to exchange Bitcoin for Dogecoin. Question. A few exchanges do offer Dogecoin, though, such as Robinhood, Kraken, and Crypto.com. Ways You Can Still Get Rich Off of Cryptocurrencies. If you’re unfamiliar with the term, don’t feel bad. ... no comments yet. We are not an investment advisor. Posted by 2 days ago. It was introduced by Jackson Palmer in December 2013. Starting the year at just $0.005, Dogecoin was at a record high of $0.0872, or 8.7 cents, by early February. In the cryptocurrency world, Dogecoin is often referred to as a “joke,” meant to poke fun at the number of new coins being created every year. Not only that, but Bitcoin also experiences frequent upgrades to it’s system, as well as added features, which make it better to use and easier to trade than Dogecoin. It was believed that its fun feel will protect it from controversies of Bitcoin. This blockchain is maintained by a mining system. Be the first to share what you think! Getting dogecoin to $1 has been a … Find out if it's actually a good buy. Why You Should Buy Dogecoin. Wade has purchased a stake in the Salt Lake City-based franchise from new owner Ryan Smith. For many early Dogecoin investors, investing has always been more about having fun. And these spikes were years apart. Is Dogecoin A Buy Or Should You Stay Away? Hi all, the supreme Shibe Overlord has a message for all shibes: ... Go to self.dogecoin. Dogecoin reaching $1 is possible but it may take a while. That’s a long time in the world of cryptocurrencies and helps DOGE achieve legitimacy and credibility that other coins don’t have. This is unfortunately typical for cryptocurrencies(like when I bought the cryptocurrency Monero in 2017 for $200 a coin and it immediately dropped to $60 a few hours later), and it’s difficult to predict where Dogecoin will end up, as it is unlikely it will ever lose this volatility to become a stable currency. his is because when you look at the chart of the price history of Dogecoin since its inception, you can see the coin clearly experiences frequent spikes in price, but always returns to the same price of about $0.007 per coin after a period of time. It is one of the top 30 cryptocurrencies by market capitalization. DOGECOIN prices are soaring at all-time highs right now, with the meme token's value up 70 percent in the last 24 hours. Will Dogecoin — originally worth $0.0023 — climb to $1? Read Headlines crypto news, Bitcoin news, blockchain news and project signals in the cryptocurrency space. Here’s what happened, Here’s how the COVID-19 vaccine is performing in real life, Everything you need to know about the 2021 Lyrid Meteor shower, Two boys shot in Sandy; police looking for gunman, NASA’s Mars InSight lander might be dying, In case you missed it amid the craziness on Friday, the Jazz beat the Pacers, BYU basketball officially adds 6-11 Atiki Ally Atiki to its roster, Salt Lake mayor picks councilman as city’s new homelessness director, But the cryptocurrency has made headlines in recent weeks because its value has gone to the, “The project is community-driven since its inception and never received institutional adoption,” Chrysochou said. The coin however, did recover, and even surpassed Bitcoin in trading volume for a short period of time in 2014 before crashing in June of the same year. There’s also the argument that those with expendable cash should buy $500 in Dogecoin to learn more about how investments work, according to InvestorPlace.com. This is because when you look at the chart of the price history of Dogecoin since its inception, you can see the coin clearly experiences frequent spikes in price, but always returns to the same price of about $0.007 per coin after a period of time. Dogecoin gained 50 per cent in the space of a few hours on February 4 to reach a price of $0.05. And the cryptocurrency isn’t worth a lot so it’s not really meant to make money. Thanks for signing up to Market Briefs! The decision to use this character was brought on by the developer’s desire to keep the project light-hearted. Jackson made the coin out of joke and the coin still seems to remain a joke up till date. Overall, the current Dogecoin craze is probably just another spike on the chart of a cryptocurrency which is subject to frequent media induced spikes. A wallet allows you to store your crypto securely and get it off of an exchange. Previous market performance does not guarantee future performance. Why You Should Invest in Dogecoin? Why It's a Bad Idea to Buy Dogecoin Now. According to Benzinga, Dogecoin is actually about a global movement to make memes soar to the moon. They even managed to sponsor a NASCAR. Digital Currency. Should You Invest in Dogecoin? share. But unlike Bitcoin, Dogecoin simply doesn’t have the same mass following or support (although they do win the prize for cutest mascot). This community has come together to fund a number of charitable efforts and other projects. A group of Reddit investors banded together to … Dogecoin To $10 - Update Latest Crypto and Blockchain News today. 14.6k. And it worked; Melvin had to complete the short and purchase back all of the shares it had borrowed, which ultimately caused hedge funds to. Here’s everything you need to know about Dogecoin as the new cryptocurrency on the block. For a further understanding of this Disclaimer and use of our site, please see the information contained in our Terms of Use and Advertising Disclaimer. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
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