Comment on Memecoins Are Coming to the Stock Market

Nightlight17776@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

• magic_lobster_party@fedia.io ⁨3⁩ ⁨weeks⁩ ago

  I miss when Dogecoin was just a satire of cryptocurrencies.

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  • db2@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    I miss when they were 13 cents each and everyone involved dgaf and still had fun.

    Then fElon happened.

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  • NewNewAugustEast@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    I miss when the satire became a possibility of a real currency. Of all the crypto, Dogecoin proved that there is no point in trying.

    Low cost, fairly stable, cheap to send a receive, a ton of clients and places to spend it. I never bought any, but I traded for plenty, and bought many things with it. I never worried about it becoming valuable, so I did not hoard it. I never worried about it becoming worthless either because the inflation rate was constantly shrinking.

    But the complaint was always the same: how will I get rich with this?

    Which proved that crypto is garbage and a ponzi or pyramid scheme.

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    • echodot@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

      My brother-in-law is big into crypto, I’ve had the same arguement with him so many times I’ve lost count. Investment requires that you invest in something that has value that will actually increase, and other than the crypto bros no one’s buying into cryptocurrencies so the value isn’t going to increase.

      Anyway he’s rich, so I suppose it doesn’t really matter but it’s such a waste of money. Like if you want to invest get into stocks and shares at least they actually do increase in value.

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    • prole@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

      I’m not an expert on DOGE, but I imagine it’s not very secure.

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      • NewNewAugustEast@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

        It is secure. It is your wallet, your keys.

        It is built from litecoin, which is a fork of bitcoin.

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• ilillilillilillililli@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  I miss sponsoring Jamaican bobsled team and NASCAR (Josh Wise). We also sponsored building a well in Kenya, for access to water (Doge4Water). DOGE used to be a force of good before it was hijacked by Muskrat and that orange piece of shit.

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