So what makes it so attractive to potential investors? just look for a small dip and just invest what u have. In fact, the Dogecoin Reddit group itself has more than 1.8 million subscribers at the time of writing. Dogecoin is home to a huge community on Reddit. yes. Dogecoin, a favorite of Musk, is particularly volatile due to its popularity among at-home traders, many using Reddit forums to inform their trading and its dual identity as a meme. Dogecoin continues to make the national conversation when it comes to cryptocurrency. just dont over do it. On December 25th, 21 million DOGE (approximately $12,000) was stolen by a … The most amazing place on reddit! As with all cryptocurrencies and all things digital, there are pros and cons to investing in Dogecoin. But let’s start with the pros. As you can probably tell from the logo pictured above, Dogecoin was originally created as a bit of a joke currency. Michael Novogratz, Galaxy’s New York-based chief executive officer and founder, says it's dangerous to invest in Dogecoin. The world's biggest holder of Dogecoin owns 28% of the cryptocurrency - a position now worth $2.1 billion. Etoro - Converting coins - Most Countries. Investing in Dogecoin is easy; anyone with some spare change and a Robinhood account can participate in the phenomenon. 75 - 150 comment karma. CoinSpot - Australian Residents Recommended. Dogecoin can be obtained with fiat currency in the USA through: Kraken. It started in 2013 and was created by Billy Markus and Jackson Palmer. Obviously, it fun to buy Dogecoin. Dogecoin: Weighing the pros and cons. Dogecoin has ridden a similar Reddit-driven wave as stocks like GameStop and AMC in recent months, accelerated by a series of tweets by tech billionaire Musk, who was pumping the cryptocurrency. These two founders have since left the project. Even before Elon Musk began his fascination with Dogecoin, the coin was continuing to grow, and in some cases to get legitimate recognition. The price of Dogecoin has soared, by 800%, as Reddit investors set their sights on digital currencies. https://www.reddit.com/r/dogecoin/comments/msp3e9/how_to_buy_dogecoin/. A Reddit-Fueled Frenzy Drives Dogecoin to New Highs. $1 is not possible. After he found it he went to a trusted financial planner and said "I have $750k USD in Dogecoin. Indeed, Dogecoin’s popularity on Reddit was so explosive that within a few weeks of its creation, its market cap rose to $8 million. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Dogecoin started out as a joke in 2013 but is now the face of the cryptocurrency world. No one can know for certain whether Dogecoin will reach $1, Dogecoin’s roughly 11,000% increase in price during 2021 has a lot of users on Reddit and similar forums waiting for more. Press J to jump to the feed. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. “The reason people like investing … CoinBase - Buy a range of cryptocurrencies here and then convert them to Dogecoin using sites below. Why people invest in Dogecoin. In January 2020 Dogecoin reached a market cap of almost $6 billion. However, I have no idea where to even begin. Dogecoin, a digital Crypto originally founded as a joke, has soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. Press question mark to learn the rest of the keyboard shortcuts. I'm a complete and utter newbie to the cryptocurrency scene, but the recent developments with Dogecoin have made me curious in hedging my bet on a small investment to see if it ends up going well for me. 35 - 100 comment karma. An investment of $10,000 in Dogecoin back in January 2020 would be worth $1.4 million today. Don't use wallet addresses in titles/flairs. Conclusion 3. level 1. The much wow innovative crypto-currency. A prime example of this is the horrific tragedy that struck mere weeks after its initial release in 2013. Edit: here is the 'story' for those wondering: He remembered he had some shitcoins on his hold highschool laptop so he logged on and found his dogecoin core wallet that sync'd up to 2.5m DOGE. See more posts like this in r/CryptoCurrency. Investing in Dogecoin is all about entering a community, and this is where the value lies. ET on Friday. Dogecoin is a cryptocurrency that has humble beginnings as an online meme of sorts. Perhaps one of the best Reddit penny stocks to gamble on with Dogecoin prices in mind is Hello Pal. More information can be found in this post! What is Dogecoin’s Purpose? Dogecoin Reddit - A Great Source of Further Information. Coin Payments Easily set your business up to use cryptocurrency for payments. Ledger Hardware Wallet - Important to backup your coins in your wallet away from the internet!!! Crypto expert Adam Morris, the co-founder of Crypto Head, which shares reviews, guides and news about cryptocurrency, recently explained why people invest in Dogecoin. Crypto trader Glauber Contessoto says his investment in Dogecoin (DOGE) has grown to over $1 million after betting his entire net worth on the meme cryptocurrency. I mean Robinhood but they’re kinda fucked today. Press J to jump to the feed. investor shibe. Reddit Trader Risks Entire Net Worth To Make $1,000,000 on Dogecoin. Still, even with the surge, dogecoin is still only priced at $0.0462 as of 10:49 a.m. It just dipped so you could get it a bit cheaper. Investing in the Great Dogecoin Bubble of 2021. The much wow innovative … Binance is another one. However, its connection to the almighty DOGE is far from straightforward. A year later, Dogecoin’s market cap was approaching $20 million. The logo for the coin is of the Shiba Inu dog, which is an online internet meme of itself, as I wrote for the Deseret News.. … They are distributed monthly and used to weight your vote on polls. Don't post referral links or anything to do with scams and pump and dumps. r/dogecoin: The most amazing place on reddit! Similar gains in GameStop and other “meme stocks” have turned lucky shareholders into … It’s just a meme. Absolutely! What service would you guys recommend I try to use in order to put some money into Dogecoin? After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. If you're looking to communicate and share ideas with other Dogecoin believers - Reddit is a great place to go. Reddit gold would be awesome. Hi there, everyone! 1 - 2 years account age. 2 months ago. I'm confused, am I breaking a rule or something? I don't really know where else to ask about this. Deliberated. Cryptocurrency, in general, is a risky investment because it can be extremely volatile. Binance (US) ( please note that Binance is not available in every US state) Bittrex. How to buy Dogecoin in 5 easy steps in 5 easy hours (Dogecoin was based on the "doge" meme, which involved a Shiba Inu dog.) If there is anything bad in these posts send the mods some mail letting them know and this post will be edited so the bad information is gone! The leading community for cryptocurrency news, discussion, and analysis. Dogecoin Reddit – Keep Up to Date with DOGE Reddit has played a huge role in the rise of Dogecoin, and it continues to be one of the main places where Dogecoin traders discuss the coin. As mentioned before dogecoin has a phenomenal online following. What is Dogecoin? Moons reward posters, commenters, and moderators for their contributions to the subreddit. Press question mark to learn the rest of the keyboard shortcuts. Verizon sells off Yahoo and AOL Hong Kong (CNN Business) Dogecoin is the latest target of hyped-up Reddit users. Certainly, if you had invested in mid-January and sold at just the right moment, you could have made a lot of money. 2 - 3 years account age. Dogecoin is having a moment because today is officially #DogeDay. For example, Reddit users have taken to tipping someone with Dogecoin when they post something good to the site. He also talks about why his company is buying BitGo. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. FYI don’t actually put more than $1 or $2 into it. Such potential has warped the sensibilities of many investors. Dogecoin has the potential to be a lucrative short-term investment. Now, the question becomes whether or not you should invest. As Dogecoin prices keep going up, it sparks greater conversation and interest on the Reddit forum, driving more investment in the crypto...which then helps push up prices further, repeating the cycle. 2. Like many others, Contessoto read about Dogecoin on Reddit. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. how much ever u put in, that much u get back. Coinbase ( requires that you purchase a different crypto and swap it for Dogecoin) Dogecoin can be …
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