Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: DOGECOIN
What do you think about DOGECOIN [2 vote(s)]

Like all stocks it has the potential to make or cost you money
50.0%
It's a solid investment
0.0%
I like Dogs, so I'm sold if only as a trinket
50.0%
It's garbage, more worthless than actual Dog Shit
0.0%
Undecided
0.0%


CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:
DOGECOIN


What started out as a joke now seems to have some money making potential, yes I am talking about Dogecoin, the next brand of crypto currency that seems to be taking a foot hold in the market due to it's extremely low price (started at .001 cents per share) and it's relative increase to five cents.

The fact that Dogecoin is so inexpensive seems to have really taken root with your small time day traders and penny stock buyers. At such a low amount, just about anyone can buy a Dogecoin. The fact that Elon Musk has been joking about the crypto is either planned, or perhaps just to see what would happen but like I said it's rumored to have started off as a joke. Still it does not change the fact that a lot of people have a lot of time on their hands and with stimuls money flowing it's not hard for even the smallest of investors to have a little fun with it. Putting it in context, had you bought some just a short time ago, read that as late last year when the stock was at .001 per share, then a small $30 investment would have gotten you 30,000 shares which would have been worth $1,500 just a few days ago when it hit a record high at a mere .05 cents per share. Not too bad really, a little more expensive than the lotto, but with the likeness of the word "DOG" in the name, and I guess the "E" for electronic or ecommerce (not sure) followed by "coin" you have DOGECOIN. In many ways it's similar to all crypto currencies like BitCoin and others, even one called "Steller" which someone mentioned in here quite some time ago.

Having been watching the social media blitz about recent Game Stop inceases and an overall invasion of the stock market by small day traders I figured I'd take a closer look. My kid has had a "Robinhood" account for quite some time and as everyone knows this company offers next to commission free trades to regular people. They have recently been caught up in some shady business by preventing people from buying certian stocks, which is worthy of a thread all of it's own but to stay on topic I should mention that I even considered buying some of this Dogecoin myself just for the fun of it, keep in mind this would have been my VERY FIRST time ever buying a stock of any kind. I don't currently have a Robinhood account but I remembered that my kid did, I asked him to buy me some Dogecoin just so at least I could give him some money to buy while it's still under .03 cents but apparently transfers are being delayed and you can't even buy Dogecoin even if you wanted until the 5th! 

I will make a seperate thread about Robinhood, but I wanted to mention this new crypto which has a catchy name that many people not in the tech world will probably buy just because they love dogs, and who doesn't love dogs? And even if you didn't like dogs, I'll bet you like money! LOL 

So while I did not get any Dogecoin today, my son who is a long time Robinhood member (I say that loosely because Robinhood hasn't even really been around that long anyway) could not buy any either.

I'll be keeping an eye on it, but it brings me back to my issues with ALL crypto currencies... THE GAMES! What is to say when the time to sell rolls around that there won't be a similar catch 22, where you could not sell for five days or that because a lot of people were selling you could not sell while the stock was high and missed your oppertunity? That would be even MORE frustrating yet! Perhaps most of the blame falls back on the broker, if you could really even call Robinhood a broker... BitCoin seems to have gone more mainstream with companies like PayPal serving as a broker of sorts to buy and sell it.

It's not like you can just go to a bank, store or other company and buy/sell Dogecoin, to a degree you can with BitCoin but I still have my doubts. It's very risky if you ask me, but it seems to be bringing people together and I think everyone who visits the forums or takes part in some kind of social media knows deep down it's all about bringing people together.



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

I am now the proud owner of 1,500 DOGECOIN!

If they go back down to .001 I'll just buy another $100 worth.

I'd like to be sitting on about 20-30,000 coins and I'd be pretty happy as I plan on letting them ride. 

TO THE MOON!



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 4248
Date:

What can you do with them? Collect the profit in real money when you want?

__________________
Drive it like you stole it


CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

The Crypto are just tokens. Very volitle and high risk, some say the absolulte most risky in the business.

The Crypto market is open 24/7/365, unlike the market that is Monday-Friday 9:30am to 4pm, so it constantly trading.

There are many kinds of Crypto, the most popular being Bitcoin which is supposed to have just a limited number and is capped at a certian amount of coins. How true this turns out to be is anyones guess as Bitcoin cracked $44,000 per coin recently after Musk-Rat invested $1.5 billion of Tesla cash reserves into it last month. 

There are other coins such as Bitcoin Cash, Ethereum, Stellar and of course Doge. These are just the popular ones, I understand there are many others too that are not just well known.

Most of the well known Crypto are well above $100 per coin, Doge is the only popular one that is still under ten cents (as of the time of this writing). As I mentioned in another thread you could have bought Doge coins for .001 cent (tenth of a cent) and a $30 investment would have gotten you 30,000 coins! I'd imagine a lot of people who bought tons of them are cashing out here and there as nobody knows if it will crash back to fractions of a cent or raise up and stay there. Seems with all the hype it would at least raise up to well over $1.00 if not even $100 but who knows. 

Buying on Robinhood is free, so you can buy most of the popular crypto there without any fees, where PayPal charges .50 cents every time you buy or sell. There are also other places to buy crypto other than Robinhood and PayPal but they arent as mainstream, for the small investor anyway. 

But yes, the object is to buy low and sell high. You can collect them and watch their movement thru Robinhood that reads much like stock graphs in real time. 

I should also mention that the fancy way to pronounce Doge is more like Doje and not Doggy like I have been saying, but I like it better my way and they do have a dog as a mascot. 

It's kind of fun to watch and I like posting "To the moon" everywhere. The memes are cool.

dogearmy.jpeg

 

 



Attachments
__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

When you buy in you're supposedly part of the DOGE-ARMY.

I thought it had a nice ring. That and the Dog memes and I was sold. 



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 4248
Date:

Doggie army cool. I want something if I put in cash I want cash back. I can't eat crypto coins, well maybe with hot sauce.

__________________
Drive it like you stole it


CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Been anxiously awaiting Doge to go back below .03 cents a coin but it just doesn't seem to be happening! 

Hovering around .06-.07 cents... getting a little boring... starting to wonder if perhaps they are just keeping it low?

If a bunch of rag-tags from Reddit were able to pump GameStop above 500 for a week, and yet Doge is stuck at .07 cents for over a week dispite major media coverage then I think perhaps something is fishy.

And we all know how I feel about ole' Musk-Rat! Dude pumps Dogecoin and then turns around and buys $1.5 billion worth of BitCoin!? When he said Dogecoin was "the peoples currency" he must have meant the poor ignorant peasants paying .07 per coin so him and his buddies could slowly bleed off all their Dogecoin they bought at .001 (one tenth) of a cent!

It's really the only logical explanation. 



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 4248
Date:

Dunno. Don't really get this stuff.

__________________
Drive it like you stole it


CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

I don't think anybody does.. they say to think of it as a "store of value" which is people put money in and hope the value increases based on what seems to be pure desire just to hold it. 

DOGE has been taking a bit of a pounding, at the low end of almost four cents at one point, thanks in part to ole' Muskrat encouraging mega-coin holders to sell off. Sometimes I feel compeled to tell him that he wasn't the reason I bought Dogecoin but I get the impression he likes to feel important, and that's cool. Having just sunk $1.5 billion of Tesla's future in BitCoin I'd imagine he would have a vested interest in tanking Dogecoin now so that big time holders can cash out and put their money into BitCoin. I don't care much for fractions of a coin, the idea that one BitCoin could set you back $40,000+ is absolutely out of the question for me. I do hold a little BitCoin, pretty much a fraction of a fraction of a fraction of a cunthair of a coin. It's just not as fun, and it seems there is much more room for downward potential than upwards... but who knows.

All I know is it's something nice to look at between work and play. I don't have much invested and I don't rely on day trading so it's still fun.



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 4248
Date:

Fun it is. Making real bucks would be nice too!

__________________
Drive it like you stole it


CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Well I don't know about big bucks Shawnee... So far it would seem that I'm about 1.5 cents above what I paid... of course I'm sure that there will be a time where it drops below what I paid (average of 4.3 cents) because that's just what has to happen... Should that happen, and I'm waiting, I'd probably buy at least 50,000 more just so I could have more than Melissa Stetten! Although from her most recent electronic podcast I got the impression she sold some, if not all of them already. I'll post more on that later (NFT's).

Here is what I think Shawnee, I think all crypto is a pyramid scheme and the fact there are multiple kinds, and even more coming out each and every day it seems, that the shell of the game is the different brands. Sure the more popular ones (read that as the oldest or the first) will be the most popular, naturally... however as money starts to ebb and flow the people holding bitcoin. or the other big three as I call them, will have to ebb and flow with trends and in doing so they might cash out of bitcoin or whatever and go into DOGE, if only to move out of one before the drop and into another which will rise expeditiously. Given BitCoin's current crazy ass value of $60,000 per coin, it's safe to say that I should be buying all that I can at five cents in DOGE. But who knows, it's a hobby and unless we're talking some SERIOUS money I wont ever cash out just because I don't feel like doing the taxes for whatever small piddly amount might be realized in such a small time. They say the old people "let it ride" and for once I am going to take a hint from the old people.

But if and when some of the big three start to crumble and people are looking for places to dump their capital gains, I'll be right there waiting either way.



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

About to hit a dime!



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Blew right past .14 cents today!!!

We're going to the fucking moon!



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Chatter on the net claims it's going to crack $1.420 by 4/20 !!

Course that could just be some 4/20 brew-ha-ha, but I am wondering if I should increase my position before it breaks out...



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 4248
Date:

I dunno.

__________________
Drive it like you stole it


CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Doge just hit .25!

A whole flipping quarter! 

I put more in my account but damn! Don't seem like we will ever see DOGE for under .10 cents again!

Waiting for the dip!



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Now I'm hearing $4.20 by 4/20!

And we almost cracked .50 cents today!

EzD9NhwWEAE_4d1.jpeg



Attachments
__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

We interupt this broadcast to announce DOGECOIN has broken the .50 cent barrier and is nearing .65 cents!

TO THE MOON!

The only regret that I have is that I didn't buy more! LOL

 



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 3819
Date:

Good & interesting thread this.

I've learned a lot !

I'm not sure about the US-of-A's taxing system on the stock-market when you want to cash in your chips, but its about 50% of your profit here in Oz...

Good to see some money make money !

Do they let you know what "they're" actually investing in, or do they just release the rise & fall / value of the shares ?



-- Edited by Rastus on Wednesday 5th of May 2021 07:03:23 AM

__________________

"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together".    Dwight D.Eisenhower.



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

DOGE is crypto currency, not stock. That being the case they call them "coins" rather than "shares".

I did buy some "regular" stocks like XOM (Exxon Mobil), HSBC, Ford, DMLRY and a few inexpensive long-shots. It's interesting to watch and the market is literally ON-FIRE breaking records even today!

Everyone knows the correction or at least a major dip has to be coming, and for me I'd like to be ready to buy up some of the good deals. 

No doubt if the market crashed it would really kill my stocks as I have bought a few at the higher end, but I wanted to hold them.

I'd also like to pick up some AMEX, GM, Twitter and XLM but Robinhood does not trade in XLM so I'll probably have to buy that on coinbase. No hurry, but I have been watching them.

DOGE is floating around about .55 cents at the moment and my average price is .07 cents but only because I'll give it a $5 or $10 tap on the way up and then a few more on the way back down. Most I have ever paid for a DOGE is .40 cents, but even then these are more or less $5 buys to help advance the DOGE army. LOL



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Just offloaded a large portion of my DOGE... I'll be sick if it goes to $10, but my gut is telling me we are in for some turbulance.

I just didn't want to be that guy who fell for the joke currency if and when it dips!

I kept enough to where if it just shoots up to $100 I'll still be happy, but I sold enough to where I got 1200% return and still have $100 more than my inital investment in the Doge coin that remains in my Robinhood. 

Elon Musk is doing an SNL tonight (Saturday May 8th) with Miley Cyrus and I would think this is the biggest plug that Elon Musk could give for the DOGE coin. If it is well received the coin could break out, but my guess is it might crack a dollar but then see a serious slump. This is just my laymans opinion. My FOMO (fear of missing out) is satisfied with my current holdings if it REALLY breaks out, and my FOLO (Fear of losing out) has been satisfied with my handsome returns if it doesn't.  

This stock market stuff keeps you on edge... it's like a long drawn out version of going to the casino! 

I hope I made a good move... been trying to listen to my gut more.

All I know is every male who has done an SNL with Miley Cyrus got tarred and feathered afterwards. Robin Thicke comes to mind... 

I dunno... I just dunno... what is done is done.



-- Edited by SELLC on Saturday 8th of May 2021 02:47:33 AM

__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

DOGE ended up going down quite a bit after I sold and is still down in the low to mid .40 cent range.

So in the short term it was a wise move and it paid off with one of the highest returns that would have been realized, at least currently.

I have no doubt it will go back up but something tells me it's got a little more dipping to do until Space X launches the DOGE-1 satalite to the moon. That's a long way off!

Think I am going to take some of my DOGE profits and buy a battery for my Mercedes if I can get some time this week to get it back together.

I am still planning on buying more DOGE, even bought $10 worth today at .420000 cents, if only so I could round off my current holdings to an even number. lol



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

For anyone wondering if DOGE is real, just look here what showed up in my bank account from Robinhood today

dogegains.jpg

 

Not bad for a mere two month investment! Don't think I'll ever get this lucky in the market again! But I still have a great many DOGE coins that I didn't cash in... so, TO THE MOON!



Attachments
__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

DOGE is creeping back up there! Already at almost .55 cents again! 

It's been holding pretty steady too, although I must admit I bought a little more when it dipped into the .38 cent range. 

We didn't see .25 cents like I was hoping but pretty close!

Guess I'll post some DOGE memes... LOL

 

 

hustlermusk.png

 



Attachments
__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



FAR BEYOND DRIVEN

Status: Offline
Posts: 3819
Date:

Elon's becoming quite an act in the Circus...Quite popular lol ! Look-out Prince Harry :) !

__________________

"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together".    Dwight D.Eisenhower.



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

I am going to start a seperate "Bitcoin" thread because I have some thoughts, but at least currently I'm still glad I sold at .72 cents because DOGE has been languishing around a paltry .32 cents since Elon Musk took the stage on SNL.

Also worthy to note that Coinbase is now offering it's members the ability to buy DOGE, and many thought this would help raise the price but it's infact went DOWN more since being offered on Coinbase! Strange, but true!



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 



CERTIFIED POST WHORE

Status: Offline
Posts: 14011
Date:

Unloaded the last of my DOGE today for a little under .19 cents, which is almost .01 cent above my average cost. 

Some are saying that it's programmed to hit .05 cents and that Elon Musk couldn't save it even if he wanted to. 

Pump and dump... glad I took a big dump at .72 cents!

And if it does indeed hit .05 cents a coin I could replace everything I sold for literally 1/4 of my profits, and that folks is my opinion of how to play the market.



__________________

A middle-aged loner on a crusade to champion the cause of the innocent, the helpless, the powerless - in a world of criminals who operate above the law.

LET'S GO BRANDON!

 

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.



Create your own FREE Forum
Report Abuse
Powered by ActiveBoard