Such potential has warped the sensibilities of many investors. Investing in the Great Dogecoin Bubble of 2021. Dogecoin, a digital Crypto originally founded as a joke, has soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. I mean Robinhood but they’re kinda fucked today. What is Dogecoin’s Purpose? Obviously, it fun to buy Dogecoin. As with all cryptocurrencies and all things digital, there are pros and cons to investing in Dogecoin. ET on Friday. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Conclusion A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Reddit gold would be awesome. Michael Novogratz, Galaxy’s New York-based chief executive officer and founder, says it's dangerous to invest in Dogecoin. 75 - 150 comment karma. how much ever u put in, that much u get back. Similar gains in GameStop and other “meme stocks” have turned lucky shareholders into … Crypto trader Glauber Contessoto says his investment in Dogecoin (DOGE) has grown to over $1 million after betting his entire net worth on the meme cryptocurrency. I don't really know where else to ask about this. Reddit Trader Risks Entire Net Worth To Make $1,000,000 on Dogecoin. Dogecoin is home to a huge community on Reddit. An investment of $10,000 in Dogecoin back in January 2020 would be worth $1.4 million today. More information can be found in this post! In fact, the Dogecoin Reddit group itself has more than 1.8 million subscribers at the time of writing. Dogecoin has ridden a similar Reddit-driven wave as stocks like GameStop and AMC in recent months, accelerated by a series of tweets by tech billionaire Musk, who was pumping the cryptocurrency. He also talks about why his company is buying BitGo. Dogecoin has the potential to be a lucrative short-term investment. Binance is another one. Moons reward posters, commenters, and moderators for their contributions to the subreddit. It’s just a meme. If there is anything bad in these posts send the mods some mail letting them know and this post will be edited so the bad information is gone! But let’s start with the pros. Perhaps one of the best Reddit penny stocks to gamble on with Dogecoin prices in mind is Hello Pal. As you can probably tell from the logo pictured above, Dogecoin was originally created as a bit of a joke currency. CoinBase - Buy a range of cryptocurrencies here and then convert them to Dogecoin using sites below. The world's biggest holder of Dogecoin owns 28% of the cryptocurrency - a position now worth $2.1 billion. CoinSpot - Australian Residents Recommended. $1 is not possible. The much wow innovative crypto-currency. Press J to jump to the feed. r/dogecoin: The most amazing place on reddit! What is Dogecoin? Dogecoin: Weighing the pros and cons. I'm a complete and utter newbie to the cryptocurrency scene, but the recent developments with Dogecoin have made me curious in hedging my bet on a small investment to see if it ends up going well for me. 2 months ago. Indeed, Dogecoin’s popularity on Reddit was so explosive that within a few weeks of its creation, its market cap rose to $8 million. As Dogecoin prices keep going up, it sparks greater conversation and interest on the Reddit forum, driving more investment in the crypto...which then helps push up prices further, repeating the cycle. A year later, Dogecoin’s market cap was approaching $20 million. “The reason people like investing … If you're looking to communicate and share ideas with other Dogecoin believers - Reddit is a great place to go. On December 25th, 21 million DOGE (approximately $12,000) was stolen by a … Why people invest in Dogecoin. How to buy Dogecoin in 5 easy steps in 5 easy hours (Dogecoin was based on the "doge" meme, which involved a Shiba Inu dog.) It started in 2013 and was created by Billy Markus and Jackson Palmer. 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.. … Absolutely! Dogecoin is having a moment because today is officially #DogeDay. So what makes it so attractive to potential investors? Coin Payments Easily set your business up to use cryptocurrency for payments. Coinbase ( requires that you purchase a different crypto and swap it for Dogecoin) Dogecoin can be … Verizon sells off Yahoo and AOL Hong Kong (CNN Business) Dogecoin is the latest target of hyped-up Reddit users. Etoro - Converting coins - Most Countries. Don't post referral links or anything to do with scams and pump and dumps. The much wow innovative … Cryptocurrency, in general, is a risky investment because it can be extremely volatile. 1 - 2 years account age. Investing in Dogecoin is all about entering a community, and this is where the value lies. Press J to jump to the feed. It just dipped so you could get it a bit cheaper. investor shibe. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Edit: here is the 'story' for those wondering: He remembered he had some shitcoins on his hold highschool laptop so he logged on and found his dogecoin core wallet that sync'd up to 2.5m DOGE. Deliberated. Crypto expert Adam Morris, the co-founder of Crypto Head, which shares reviews, guides and news about cryptocurrency, recently explained why people invest in Dogecoin. just dont over do it. No one can know for certain whether Dogecoin will reach $1, Dogecoin’s roughly 11,000% increase in price during 2021 has a lot of users on Reddit and similar forums waiting for more. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. 2 - 3 years account age. What service would you guys recommend I try to use in order to put some money into Dogecoin? The price of Dogecoin has soared, by 800%, as Reddit investors set their sights on digital currencies. In January 2020 Dogecoin reached a market cap of almost $6 billion. 3. level 1. FYI don’t actually put more than $1 or $2 into it. Dogecoin can be obtained with fiat currency in the USA through: Kraken. I'm confused, am I breaking a rule or something? Press question mark to learn the rest of the keyboard shortcuts. Hi there, everyone! Now, the question becomes whether or not you should invest. A Reddit-Fueled Frenzy Drives Dogecoin to New Highs. just look for a small dip and just invest what u have. Dogecoin is a cryptocurrency that has humble beginnings as an online meme of sorts. Dogecoin Reddit – Keep Up to Date with DOGE Reddit has played a huge role in the rise of Dogecoin, and it continues to be one of the main places where Dogecoin traders discuss the coin. A prime example of this is the horrific tragedy that struck mere weeks after its initial release in 2013. After he found it he went to a trusted financial planner and said "I have $750k USD in Dogecoin. The most amazing place on reddit! For example, Reddit users have taken to tipping someone with Dogecoin when they post something good to the site. Ledger Hardware Wallet - Important to backup your coins in your wallet away from the internet!!! However, I have no idea where to even begin. Still, even with the surge, dogecoin is still only priced at $0.0462 as of 10:49 a.m. Press question mark to learn the rest of the keyboard shortcuts. Dogecoin Reddit - A Great Source of Further Information. Dogecoin continues to make the national conversation when it comes to cryptocurrency. yes. Like many others, Contessoto read about Dogecoin on Reddit. See more posts like this in r/CryptoCurrency. Even before Elon Musk began his fascination with Dogecoin, the coin was continuing to grow, and in some cases to get legitimate recognition. As mentioned before dogecoin has a phenomenal online following. 2. Dogecoin, a favorite of Musk, is particularly volatile due to its popularity among at-home traders, many using Reddit forums to inform their trading and its dual identity as a meme. They are distributed monthly and used to weight your vote on polls. Certainly, if you had invested in mid-January and sold at just the right moment, you could have made a lot of money. https://www.reddit.com/r/dogecoin/comments/msp3e9/how_to_buy_dogecoin/. The leading community for cryptocurrency news, discussion, and analysis. However, its connection to the almighty DOGE is far from straightforward. Dogecoin started out as a joke in 2013 but is now the face of the cryptocurrency world. Binance (US) ( please note that Binance is not available in every US state) Bittrex. These two founders have since left the project. Don't use wallet addresses in titles/flairs. 35 - 100 comment karma. Investing in Dogecoin is easy; anyone with some spare change and a Robinhood account can participate in the phenomenon.
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