Elon Musk Believes Dogecoin Is His ''Private Stimulus'' for People :D

[Schiphol]

You could have made millions if you had turned the stimulus checks into Dogecoin last year.

Toxic Shit.

Doge's father, I believe, is Dave.

[[MPGH]Dave84311]

Elon Musk is a fucking shit bag

[[MPGH]Hugo Boss]

Call it a meme, but it's more for his personal gain.

[HostHappy]

He just says stuff for the clout

[MoneyMachine]

He just says stuff for the clout

and he's pretty successful with that. Many falling in the traps

[[MPGH]Mayion]

Why are you people upset about this whole crypto thing? The rich always got richer, but now that a small number of normal people found a way to get a taste of it, it's suddenly bad? Just be happy for the fortunate ones and aim to land a good investment like they did. Who cares if it's manipulation either; research the market and make quick profit. The majority of our lives are based on manipulations, whether it's stocks, politics, real estate, taxes.. you are just against the crypto trend because it's openly manipulated, making you feel insecure.

Do you have savings you can afford to lose? Sure, invest in crypto and don't go for long-term investment when selecting a poor altcoin. Just like anything else, it needs to be researched. Most people who invested and lost were the ones who followed headlines from articles and bought high, then sold low. They were manipulated, yes, but they didn't play the game properly.

[[MPGH]Dave84311]

Why are you people upset about this whole crypto thing? The rich always got richer, but now that a small number of normal people found a way to get a taste of it, it's suddenly bad? Just be happy for the fortunate ones and aim to land a good investment like they did. Who cares if it's manipulation either; research the market and make quick profit. The majority of our lives are based on manipulations, whether it's stocks, politics, real estate, taxes.. you are just against the crypto trend because it's openly manipulated, making you feel insecure.

Do you have savings you can afford to lose? Sure, invest in crypto and don't go for long-term investment when selecting a poor altcoin. Just like anything else, it needs to be researched. Most people who invested and lost were the ones who followed headlines from articles and bought high, then sold low. They were manipulated, yes, but they didn't play the game properly.

Imagine not understanding that someone is going to pay for it in the end. This isn't making value, this is value transfer. For a shitcoin. It isn't investing, it's gambling.

[Djool]

Elon posts allowed me to make a lot of money ^^

[[MPGH]Mayion]

Imagine not understanding that someone is going to pay for it in the end. This isn't making value, this is value transfer. For a shitcoin. It isn't investing, it's gambling.

Buying a piece of land is gambling that its price will stay the same or increase, and all it takes is a bad incident to mark the neighborhood bad and your property will lose value.
Call it whatever though, investing or gambling, all I care about in the end is the risk factor, and from last December up until now, it's a goldmine with low risk.
We knew ADA would go up. We knew Doge would go up. Hell, even someone like me knew Bitcoin was going to boom back in September or something, and I had little to no knowledge in crypto. I really don't see how this is any different from stocks. You study the people and market, then pick the time to invest.

[[MPGH]Dave84311]

Buying a piece of land is gambling that its price will stay the same or increase, and all it takes is a bad incident to mark the neighborhood bad and your property will lose value.
Call it whatever though, investing or gambling, all I care about in the end is the risk factor, and from last December up until now, it's a goldmine with low risk.
We knew ADA would go up. We knew Doge would go up. Hell, even someone like me knew Bitcoin was going to boom back in September or something, and I had little to no knowledge in crypto. I really don't see how this is any different from stocks. You study the people and market, then pick the time to invest.

Buying land is not really a gamble. It is for certain areas due to global warming, bad neighbors rolling in and shooting up the place (ISIS), but nah land will always have value. You can't eat a hash.

[[MPGH]Hugo Boss]

Buying a piece of land is gambling that its price will stay the same or increase, and all it takes is a bad incident to mark the neighborhood bad and your property will lose value.
Call it whatever though, investing or gambling, all I care about in the end is the risk factor, and from last December up until now, it's a goldmine with low risk.
We knew ADA would go up. We knew Doge would go up. Hell, even someone like me knew Bitcoin was going to boom back in September or something, and I had little to no knowledge in crypto. I really don't see how this is any different from stocks. You study the people and market, then pick the time to invest.

It's good that some people can make profit out of crypto. I was one of them during the first big bull run before it plummeted.
There's nothing wrong with the little guy making money. In fact I am all for it, especially youth during this time where the cost of living is unaffordable. For years people have been advocating for equality. It isn't a sudden thing that people think the rich getting richer is wrong, but really the income distribution is too inequitable, and that some establishments do not recognize these call to actions.
You're free to get richer if you earned it and capitalism is fine with perfect competition...just minus the exploitation.
Naturally what goes up, must come down. And with the greed that fills this world, if it drops again, it will go up again some day.
Likewise the same with anything be it land, or stocks, because it's just supply & demand. Nothing new.
Unfortunately with the case is that with winners, there are also losers.
We all want a piece from the cake, but not everyone are fortunate to get a piece.
Just like goods and services, the value of the currency/money is based on demand.
The same concerns people have is the volatility in the cryptomarket. That's the opportunity cost without regulations.
You want to win, but you would hate to lose.

The worry I see from Dave is that it isn't tangible. It's completely valid because fiat has been the dominant way of exchange for goods and services, while cryptocurrency is fairly newer. In fact it also depends on what kind of person you are: risk-averse vs risk-taker.
There's nothing really backing up some cryptos other than the incentive to make pump and dump gains. You can say the same for some stocks.
Land will always be needed for human development. With some populations densely living close together, it increases the value of the land because of growing demand to live in urban areas as opposed to rural. It's less of a gamble unless suddenly there's no development in that area. Even if the population gradually decreases as with their is demand for land, so will the cost of living. Not to mention government regulations imposing price ceilings.

Sure, some may be less risk taking than others, but there are some people willing to throw their lifesavings into this in hopes to change their lives.
I mean you can also say that for anything else.
No one is against making money. We just worry for those who will lose their money accounting to many different factors.
Going against someone openly manipulating the market doesn't make them insecure. It's a valid opinion.
You wouldn't know what they thought about the market, or anything else unless they brought it up.
They could very well be unhappy about the exploitation and manipulation going on.
Either you follow, or you lead. Play it smart, or be left behind, but not everyone can think like that.

[[MPGH]Dave84311]

well that was cringy as fuck

[Bernard]

well that was cringy as fuck

This one had me dying.

[[MPGH]Dave84311]

This one had me dying.

It actually became sad at the end and the audience couldn't laugh any more.

But seriously don't get me started on crypto and the dark side of it.

[WalterWhiten]

Imagine not understanding that someone is going to pay for it in the end. This isn't making value, this is value transfer. For a shitcoin. It isn't investing, it's gambling.

I argue this same principle applies for stocks too, There is no value behind shares as a retail investor, feel like rich are just pawning them off to the poor. Bond holders have more power and safety rather than shareholders when worst comes to worst for a company.