Board 8 > You guys see what's going on with GameStop's stock?

(+) Yeah! (+)

As someone who researched the various cryptocurrencies with vague passing interest to invest I felt dogecoin had the most value as something useful to society aside from Ethereum or Ripple

The rest have no value. Including Bitcoin.

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Lopen posted...

Ethereum or Ripple

The only two I hold.

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Ive literally made 100 on dogecoin today

i dont even know what is anything anymore

Ive made more money in the last 36 hours on fucking memes than on legitimate trading

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oh, can you send it again. Sorry lol, I remember seeing the quartering in the title and impulse deleted it.

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DoubleTangicide posted...

Ive literally made 100 on dogecoin today

i dont even know what is anything anymore

Ive made more money in the last 36 hours on fucking memes than on legitimate trading

its very funny. If I just sold everything right now the money I made on my $60 of Doge would make up for the money I lost on my combined $200 GameStop / AMC after robinhoods bullshit
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Sitting here +$2500 on doge as it fluctuates up and down as I watch it

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DoubleTangicide posted...

Ive literally made 100 on dogecoin today

i dont even know what is anything anymore

Ive made more money in the last 36 hours on fucking memes than on legitimate trading

You hold, that's what you do.

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aight how much am i slamming into dogecoin

$10? $100? $1000?

is this for the long haul or are we just meming for a week?

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I wish I knew I too bought it as a joke over a year ago when it was worth 3/10 of a penny

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I feel like I should have bought it when it was worthless but how would I have known

You got it next dip

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I bought 46,000 of them this morning wheeeeeeeee

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SteveNasti posted...

You hold, that's what you do.

i didnt say I was selling

Hold. The. Line.

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(I am 100% selling probably 10,000 of these tonight and putting a stop limit on the rest just so I can sleep tonight because multiple thousand dollars is a lot to me)

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My brother apparently put in $100 on doge last year when it was .0022.

Lol

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You mother fuckers are tempting me to throw 5k at doge coin. I can afford to lose that.

How long do I hold

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Until youre on the fucking moon

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Damn everything is moon trades then

Welp already experienced lunar landings multiple times, fuck it. I'll sell doge only when my 1k turns into at least 50

(In which case I'll be fucking pissed I didn't at least invest 5 because I'm a pretty aggressive investor)

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RikkuAlmighty posted...

My brother apparently put in $100 on doge last year when it was .0022.

Lol

Same except I did $500 :|

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I dunno, maybe forever?

After today and the similar, but smaller surge a couple weeks ago... Im convinced that dogecoin will continue to have these days where it becomes a meme for a day and hits some new high.

Eventually this thing will hit 20 cents so you could double your money buying in now, but I have no idea how long it will be until that day actually comes. Could be this week, could be this year. Could be much longer.
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I mean, people are kind of tuned in to market news right now, and its gonna be a story tomorrow morning

And that press will bring more investors which means higher prices
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im sitting on this dogecoin until it's enough for me to afford to buy gamefaqs from red ventures

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DoubleTangicide posted...

i didnt say I was selling

Hold. The. Line.

You right, I totally misread your post. Mah bad lol

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Articles like this one from a just a half hour ago will drive it up

https://www.cnbc.com/2021/01/29/dogecoin-cryptocurrency-rises-over-400percent-after-reddit-group-talks-it-up.html
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I got too stressed from looking at the numbers all day, so I sold 16k off and now have banked $12 more than I bought in with in the first place, with 30k more dogecoin in the wing. Now I don't have to dwell on it so much. I have a massive headache from all the worrying I've been doing tonight.

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MrSmartGuy posted...

I got too stressed from looking at the numbers all day, so I sold 16k off and now have banked $12 more than I bought in with in the first place, with 30k more dogecoin in the wing. Now I don't have to dwell on it so much. I have a massive headache from all the worrying I've been doing tonight.

never worth worrying. If you are having a bad time, always good to sell and move on

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Does anyone have a good alternative to Robinhood? That's what I had been using but obviously I'm looking for something different now. I just checked out Cash App and it seems very limited and geared more towards beginners.

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Looks like I might miss out on some timing - my credit card company shut down my card when I tried to make some transactions, probably because I've trying to make transactions outside of what I normally do. They've done this before twice, once when I got gas out of state, and another when I donated to Wikipedia (yup), but they also caught it immediately when my card got stolen and fraudulent charges got racked up so I can't complain.

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My bank sent out an email saying using your debit card or bank account on gambling sites will cause that account to be temporarily suspended

So I haven't done it

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Where do you even buy DogeCoin? Having a surprising amount of trouble finding where.

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KamikazePotato posted...

Where do you even buy DogeCoin? Having a surprising amount of trouble finding where.

I bought it (and have since sold) on Robin Hood

even though I hate that stupid, market manipulating company

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I know very little about the stock market aside and am poor but I might just throw $30 into dogecoin or something just to see what happens honestly

What's the worst that can happen?

Lopen posted...

As someone who researched the various cryptocurrencies with vague passing interest to invest I felt dogecoin had the most value as something useful to society aside from Ethereum or Ripple

The rest have no value. Including Bitcoin.

You should throw away your research and start again from scratch

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ethereum has the best name so I have gone with them

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Look at the history of Doge. It has never been more than a meme gamble and never escaped the crashes to zero. It's really hard to time so any profit you make is good, even if you're disappointed you missed the peak.

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KamikazePotato posted...

Where do you even buy DogeCoin? Having a surprising amount of trouble finding where.

I bought litecoin on coinbase and transferred it into dogecoin with changenow.io

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Does anyone though trully knows how stocks work? I mean I don't undersand a thing. I remember when Cyberpunck 2077 came out the stock of CDPR fell so much that they lost hundreds of millions in stocks but apparently it means nothing?

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Stocks are speculative evaluations of future value, no more no less

Where it gets fun is in the derivatives

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Liquidity
Instant settlements
Accountability
Level playing field
peepeepoopooman

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tcaz2 posted...

I know very little about the stock market aside and am poor but I might just throw $30 into dogecoin or something just to see what happens honestly

What's the worst that can happen?

You lose $30, that's it XD

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SteveNasti posted...

You lose $30, that's it XD

Pretty much my thought

Unfortunately it seems absolutely impossible to actually buy right now because every site people have mentioned to get it in my searching are clogged to hell with verification or aren't letting anyone buy cryptocurrency currently.

Oh well, I guess?

So as I see it Doge is the only crypto viable as an actual currency in the real world. Not that it'll happen but you know. It follows real world currency dynamics and not some antiquated gold standard wannabe stuff.

Ethereum you're actually buying solving space which seems potentially useful in and of itself.

Eth is more like an actual gold standard, though probably it'd be a more practical precious metal like Palladium
Bitcoin and most derivatives wish they were a gold standard but are more like if you backed your currency with Thulium. Like it's backed by a finite resource and wont suffer from inflation, great! But it's just an artificial backing that only has significant meaning if people give it that.
Doge is like actual currency and if were widely adopted would be practical. It suffers from inflation by design but that's okay. Maybe needs some refinement in the specifics to control the rate of inflation in a way where mining only when it is worthwhile earns doges but the basic idea is good.

Now perhaps I'm wrong. I'd definitely be interested to know how I'm wrong. I'm sure someone who spent more than a day reading up on all of the currencies can inform me.

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tcaz2 posted...

Pretty much my thought

Unfortunately it seems absolutely impossible to actually buy right now because every site people have mentioned to get it in my searching are clogged to hell with verification or aren't letting anyone buy cryptocurrency currently.

Oh well, I guess?

Don't stress about it, wait for the craziness to pass, and buy up the dip.

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Robinhood is now allowing people to buy a GME stock.

Not GME stock. 'A' GME stock. No limits on selling of course.

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KamikazePotato posted...

Robinhood is now allowing people to buy a GME stock.

Not GME stock. 'A' GME stock. No limits on selling of course.

Limiting a lot of them. Even NAKD shares are limited to 5. Fuck RH

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Not a good day in general for the market, bleh

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Lopen posted...

It follows real world currency dynamics and not some antiquated gold standard wannabe stuff.

Where do you get this lol. Doge is a variant of LTC and both are variants of BTC. They only differ slightly in their rules. Same with BCH and BSV and countless other variants. I actually didn't know Doge was inflationary until now. That's a big difference from BTC, and it makes it strictly worse.

Beyond that, you should figure out why BTC is still dominant when there are all these superior altcoins. It's the same reason why ETH is still around when we have LINK and thousands of other computation coins.

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You don't even know the very basic principle of how DOGE works-- like that's literally the core of what separates it from other coins the baked in inflation and the fact that you'll always be able to mine it, and are lecturing me about not doing my homework on crypto.

Are you just blindly following bitcoin as the best because "rar independent currency people power" and saying the first established name is the best at it by default? If not tell me why it's dominant instead of asking me to look into it-- I already have looked into it. I did not find any reason BTC is the best aside from being the first that got traction (which gives it a lot of advantages). Which is not to say it's inherently worse than any of them (aside from Eth and Ripple (and DOGE!!)) and there's nothing wrong with being the first, but it also means your currency can basically become worthless if a better alternative arises and gets any sort of traction.

So a currency needs three things to be useful

• needs to be able to be widely accepted as payment
• spending needs to be trackable
• value of the currency needs to be relatively constant over time

BTC has a good algorithm verify transactions and such which makes it effective at the second point, and it's gaining traction with the first point, but the catch is a currency needs to inspire confidence that what you have is going to have a relatively constant value and bitcoin utterly fails at that, and will continue to fail at that because of the capped supply (I'm still not sure how we verify transactions if all bitcoins are mined away what is the solution to that issue) and increased demand. You actually get that with DOGE at some level due to the inflationary nature of it and the main problem it has is not being acceptable as payment in many places. DOGE is not perfect because you can basically flood the market with dogecoins if everyone is mining so you need to have some sort of cleanup algorithm to reduce the amount of DOGE in circulation (much like banks do when they dispose of trashed money) and I don't know exactly how to solve that issue without reducing the number of dogecoins in play which means someone loses currency, but it's closer to the right answer of what is usable as an independent currency that works like a currency than BTC is. I'd legit be interested in a DOGE spinoff that is trying to refine the idea to something more than a joke.

But like with BTC, why on earth would I accept a $40 bitcoin payment for gas when that same quantity of bitcoin can be worth $20 next week. The idea of it as an actual widely accepted currency is completely absurd, which makes it pointless. You've got a bunch of rigs doing work, wasting energy, to verify the legitimacy of exchanged coins which is nice but these coins are inherently super volatile and relatively worthless as a currency for that reason. You effectively get the "double spend" problem that BTC supposedly solves baked into the value of the coin because the value varies so wildly.

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Lopen posted...

but it also means your currency can basically become worthless if a better alternative arises and gets any sort of traction

Then why hasn't it. That's what I'm telling you to answer since you're missing it. You're talking like Bitcoin isn't the most attacked and competed and better-alternative'd thing in the history of money. (Also def look up how confirmations work after all coins are mined, it's really simple and clever... pretty sure it's in the original paper and wikipedia.)

Also that list of "three things" that conveniently excludes Bitcoin is straight from pro-fiat arguments. So my other question to you is then, why care bout Doge when USD does everything you described AND is widely adopted?

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