Quote from: Baofeng on Today at 03:30:19 PM

Quote from: aioc on Today at 03:16:24 PM

Quote from: Kongxx on August 26, 2021, 02:12:32 AM

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

Have read it and agree with what it says because it is backed by facts, some dangerous signs are on it, Dogecoin is an example of a coin used by whales to do a pump and dump scheme, majority of investors are in FOMO, there are times FOMO is but if you don't know when to exit you are in trouble of being a bag holder or cutting your losses, it's still the meme coin that we all loved but I don't see Dogecoin lording it over coins with
with real potential in the market and with contributions to the development of the community.

Yeah, just need to be cautious with Doge, but if you have enough experience and the balls to ride and invest, you can get out take profits easily. The problem is that there are noobs who agree with Elon Musk and blindly trust his words. And it really did push the price of Doge, nevertheless we all know that the price won't go on a parabolic rise. And Doge will be Doge (still a meme coin), which ever angle you look at it.

Agreed, there are many people who can't make their own decisions and rely on popular people like Elon Musk, and they're easily influenced by people like him, which is why market manipulation occurred recently. To be successful in investing, you must understand the use cases of each coin in which you have invested to ensure that you are investing in a viable project such as ADA and others. Doge is merely a meme coin with no practical application other than for retailers who accept it as a payment method. Only newcomers will fall for Elon Musk's remarks; I don't fully trust him; I only want to join the hype if there is one.