Quote from: Fundamentals Of on September 08, 2022, 12:29:43 PM

Quote from: Ultegra134 on September 07, 2022, 02:51:08 AM

Quote from: Fundamentals Of on September 07, 2022, 02:22:59 AM

To be fair there were exaggerated forecasts that proved to be right in the end. I used to have a number of altcoins which have exaggerated price predictions that eventually happened. I had XRP back when it was ridiculous to predict $1 for it. Time came when an XRP rose to as high as $3. I had DOGE during those days when $0.1 can only be interpreted as wishful thinking. But it rose to $0.7. Shiba Inu had also a similar story. And some more.

But just be warned that this is a handful compared to the thousand other exaggerated predictions that didn't come true. And these predictions are merely based on hype. They're mostly unfounded. So I don't think it is worth the risk to bet on them with the hope that one would fly to the moon.

That's true. I also never expected Doge to reach a value of a few cents. I had thousands of them back in 2014, and they weren't even worth $5. If I'd still had them, I'd have a couple of thousand dollars now.

It is funny, isn't it? Who would have thought in 2014 that Doge would last this long and would even reach almost a dollar? It was a mere meme coin which was meant to be just a joke. It was the ancestor of the likes of boobcoin, beibercoin, trumpcoin, etc. But well this is the crypto market. It would have been better if you've forgotten your Doge until it hit $0.70.

But still I think I wouldn't recommend investing on shitcoins with exaggerated predictions.

It is still a meme coin and even the creator himself said that he created the whole thing in 2 hours as a joke, even he didn't expected it to go this long. I understand the early days because it was used for fun stuff, not really for investment, like lets sponsor a nascar driver etc etc type of stuff and that was a good joking period with like Jamaican bobsled team and so forth.

However, this late one with Elon Musk never made sense to me, it is still a joke but there are people who think it is a very good investment, that is a bit of a trouble. Using it and spending money for fun is one thing, but expecting it to go up and make you rich is a big danger to many people.