Dogecoin is one of those things that people made it bigger than it should have been. I understand that it may feel like it is not going to be easy to fix peoples minds, so we need to at least try to fix dogecoin a bit.
It's a memecoin that has no reason to exist, it doesn't do any good, it doesn't have any innovations, it doesn't have any new features, it's just a shitcoin that was created for joke reasons ten years ago, and for the longest time nobody even cared about it, that is until Elon Musk made it popular. I think that has to be the case point for it, because after he left, it didn't get any good attention neither. If we are going to keep it tracking like that, then I do not think that we should invest our money into it at all.
It's a memecoin that has no reason to exist, it doesn't do any good, it doesn't have any innovations, it doesn't have any new features, it's just a shitcoin that was created for joke reasons ten years ago, and for the longest time nobody even cared about it, that is until Elon Musk made it popular. I think that has to be the case point for it, because after he left, it didn't get any good attention neither. If we are going to keep it tracking like that, then I do not think that we should invest our money into it at all.
Exactly. Since day one, developers said Dogecoin was a joke. Why would that change anytime soon? Unless the supply is reduced and coins are burnt, don't expect Dogecoin to go anywhere soon. People truly don't understand how cryptonomics work. If they did, they wouldn't be putting all of their life savings in a worthless coin with no future.
Don't get me wrong. Dogecoin will survive. But it will never become extremely-valuable. Not now, nor in another century. Eventually, Elon Musk will get tired of Dogecoin as he moves on to the next big thing in crypto. I wonder what that will be?
