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Litecoin is/was a direct competitor to Bitcoin. Now that Bitcoin is pretty much the winner in that space, Litecoin will gradually fade into nothing (with ups and downs along the way, but it doesn't have some gimmick for people to attach to like Doge).

I think you are too kind. Far too much luck involved for me to try it again honestly.

Damn, it's 21 cents now. I dropped out at 27.

I'm out of my Doge position. Made some money, but I just don't have the nerve for shorting. If I see another obvious blow-off top I might consider doing it again but shorting, in general, just isn't much fun. At least picked up a few extra sats for free.

After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html Deary me, TH. One day you'll do a bit of research I'm sure.

I don't think so. Bitcoin was around 200B or so only after guys like Michael Saylor had started to come in and I don't think anything like that will happen with Doge. When it comes to really big investors and institutions, they do their homework.

I know. I'd like to capture a huge fall, like in single digit cents or less but realistically, I think I'm going to have to be satisfied with something in the 20's. I do feel like mania around Doge is cooling off now though. But there's always the risk it will fire back up again.

MC of Doge is currently $40 B https://coinmarketcap.com/currencies/dogecoin/

So far so good. Could let it go for a small profit but think I'll let it run for awhile. Ending up putting in a few thousand more last night.

No. But I figure it doesn't have much steam left. It could go higher and I'm prepared to wait it out a few months if necessary as potential upside is so much greater than downside.

I'm doing on Binance

Just so everyone knows 14 million DOGE are added to the supply every day. At current prices that's an extra 6 million dollars that needs to be added every day to maintain the price. If it gets to a dollar, 14 million extra dollars every day just to maintain price.

I've put my money where my mouth is and am shorting Doge. Just $500 worth. But it's worth a shot I think. Incidentally, I virtually never short, but this one is just too irresistible.

Well then, that shows how much you know. Bitcoin does have a very active developer base maintaining it. DogeCoin has nothing. Further, there are no developers that have any enthusiasm for it. Everyone knows it's all but dead. Don't know if you are in the IT industry or not, but if...

Perhaps it will. Whether it goes to $1 or even $10 though, there is no doubt about it's ultimate destination. 0 Also, must remember that no institutions will ever be interested in it as there are no developers maintaining it, no apps being built on it, virtually no nodes or miners in...

The worse thing about all this anti-capitalist sentiment is that the monetary system that underpins, and is undermining our economy, is a pure socialist construct. Central banks centrally planning the money supply. Fixing the price of money. Most people can't see it though and they blame...

It's kind of like when Amazon was just getting going, early 2000's say, and they had warehouses, supply chains, people working for them, developing their software, etc. And then a couple of guys come along, call themselves DogeZon, have a cute logo, get a rich, famous guy to pump them up on...

:) Well, I certainly underestimated both the level of trolling that Musk goes to, and the level to which people take his trolling seriously. Who knows how far it can be pushed. Seems like a dangerous game to me, but if you are profiting then good for you.

I'm not saying that, I am saying that it is the smart thing to put a percentage of your portfolio in BTC now. Even if it's only 1%. I mean, the potential upside compared to potential loss (pretty much nothing), kind of makes it a no-brainer honestly. It's what is known in the trade as an...

This thread is hilarious.