I wouldn't invest $1 in Dogecoin and here are 10 reasons why
1. 108 addresses (whales) own 67.34% of all Dogecoins.
2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.
3. Despite what Elon Musk says this coin has no real utility. Even if a company paid with Doge for Musk to send a satellite it still doesn't mean a thing. They could have used carrots instead.
4. This coin is all about hype. Once the hype is over down it goes. Even if Musk will boost his toy as long as he wants one day he may get bored like all billionaires do.
5. This coin is a meme. We all like good jokes but we also get tired of them sooner or later.
6. Imagine a real corporation/business putting their investments in Dogecoin. You have to be a little insane and there aren't so many dumb people as Elon thinks.
7. Elon Musk is a narcissist - he admitted this himself - if you don't know what dealing with a narc is I invite to find out. I wouldn't dare playing with a narc's toy.
8. Do you think billionaires have any interest for poor people to become rich? Do you? Dream on.
9. This coin is highly manipulated. If you like manipulation go for it. But manipulation doesn't end well in life. Don't be a sheep.
10. Even if it ever reach $1 this coin it is not sustainable in the long run. Musk will have to pump it every day. When this coin will worth $1 BTC will easily worth $100K or more.
There are a lot of other alt coins much safer and with a better image which can make you rich faster and easier than Dogecoin. You just have to use your mind.
Good luck folks!
2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.
3. Despite what Elon Musk says this coin has no real utility. Even if a company paid with Doge for Musk to send a satellite it still doesn't mean a thing. They could have used carrots instead.
4. This coin is all about hype. Once the hype is over down it goes. Even if Musk will boost his toy as long as he wants one day he may get bored like all billionaires do.
5. This coin is a meme. We all like good jokes but we also get tired of them sooner or later.
6. Imagine a real corporation/business putting their investments in Dogecoin. You have to be a little insane and there aren't so many dumb people as Elon thinks.
7. Elon Musk is a narcissist - he admitted this himself - if you don't know what dealing with a narc is I invite to find out. I wouldn't dare playing with a narc's toy.
8. Do you think billionaires have any interest for poor people to become rich? Do you? Dream on.
9. This coin is highly manipulated. If you like manipulation go for it. But manipulation doesn't end well in life. Don't be a sheep.
10. Even if it ever reach $1 this coin it is not sustainable in the long run. Musk will have to pump it every day. When this coin will worth $1 BTC will easily worth $100K or more.
There are a lot of other alt coins much safer and with a better image which can make you rich faster and easier than Dogecoin. You just have to use your mind.
Good luck folks!