Quote from: BChydro on May 10, 2021, 07:17:23 PM

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

1. 108 addresses (whales) own 67.34% of all Dogecoins so price could drop 50% in a minute.

If you look at majority of the coins in the cryptocurrency market you will find out that a few majority will be holding a large portion of the coin.

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.

Is ETH and XRP any better in terms of the number of coins.

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

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 (because Musk asked them to use Dogecoin) it still doesn't mean a thing. They could have used carrots or Zimbabwe dollars instead.

It can be used to purchase goods and services and many gambling sites accepts Doge coin while thousands of other coins are not used anywhere other than a speculation tool.

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

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.

You can copy the same sentence literally to all the coins in the cryptocurrency space, it is all about hype and you would be foolish enough to think that a single person could manipulate the Doge market.

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

5. This coin is a meme. A really good one that I've enjoyed myself! We all like good jokes but we also get tired of them sooner or later. A joke is a joke and the joke could be on you.

Started as a meme and so does Litecoin and many hundreds of other coins in the market, they were all created for fun and that does not mean it will be considered shit throughout their existence.

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

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 out there as Elon thinks.

Once again gambling sites that accepts Dogecoin will be investing in Doge to hold as reserve.

Tired of replying and hence skipping the same old repeated question.

Quote from: virtualdn on May 10, 2021, 10:44:03 AM

10. Even if it will ever reach $1 this coin is not sustainable in the long run. Musk will have to pump every few days with his tweets. When this coin will worth $1, BTC will easily worth $100K or more. Dogecoin has always been pump and dump, look at the coin's history and look at BTC.

The pump in the market cannot happen with a tweet, people are investing money in the coin and so is the reason the value is increasing, every coin is a pump and dump and if you look in that aspect literally each and every coin is a pump and dump.

Yeah you're right all of these cryptocurrency are community driven assets so it will be the same depending on every investors preferences that is why there is this pump and a dump. They might call it a meme coin but for some people who invested in it makes them lots of profit. We have the right to choose so win or failure it's not their loss.😁