Current Events > I got my dad to invest in $100 worth of dogecoin.

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PiOverlord
04/18/21 5:38:51 PM
#1:


Of course, I told him that this is a memecoin to many, and that a large drop-off can happen, and that he'll need to hold while it goes through many periods of volatility.

I told him that the coin doesn't have infinite potential in terms of growth of price (or at least, it's highly unlikely due to the nature of the coin), and that everyone has it in their head that $1 is the moon, so if it starts getting closer to $1, I expect that's when the bubble pops as everyone abandons dogecoin.

In the end, it's kinda fun, it's not like he put all of his worth into it, so like, it's just a fun little project.

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Giblet_Enjoyer
04/18/21 5:41:34 PM
#2:


There are little projects more fun than flushing money down the toilet

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He which make friends with scorpion, soon come to find out what a scorpion does - they bite people with its tail --ancient Chinese proverb
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TheMikh
04/18/21 5:42:52 PM
#3:


buying the local top in an inflationary currency propped up by meme power is not a good investment decision

in a bull cycle no less

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