Why Dogecoin Is Crypto's Most Dangerous Joke

[BayAngelo]

OF course. a token with no usecase and just the backing of a millionaire. Dogecoinn offers nothing but just a Meme coin with an unlimited supply. Elon did all the best he could t make sure the token move up the coinmarket. it highlights how millionaires can influence the market. i strongly believe that there are billionaires controlling the crypto market and this is were it is different from the traditional market.

[sikke]

Is it a joke? Yes.

Is it dangerous? No.

I think that people can have a bit of fun to speculate on Doge and other meme tokens. At the end of the day, they know what they're doing with their capital and they can make their own consenting decisions about what they want to do with it.

Price crashing is a real prospect but the consequences are limited to speculators who knew the risks.

[blockman]

Exploit the stupids in the market still have consequences tho. Maybe not for Elon and those memecoin makers but for the crypto market as a whole. Think it like back then with ICO scam than force enough people stay away from anything of it.

They'll soon realize what they've been doing wrong and it's up to them if they'll worship someone who's high enough and idolize it with his suggestions. Credit him for deeds outside crypto but when it comes to the shilling, it's onto the next level and many will complain later that they shouldn't have followed him or anyone that has a lot of influence to manipulate the market. There's nothing free in this market and every action they take, it's going to have an equal reaction.

[wheelz1200]

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

No.

In all honesty the people writing most of these articles don't know anything about crypto.  Doge is the fad of 2021 so to get clicks you have to write about it.  Since SNL when it peaked at 1250 sats it's come all the way back to now 380 sats.  It just keeps pulling back.  And once there is an alt bear with doges endless block rewards, coins will be flush on the sell sidearm will tank back under 50 sats where it started.

[errorcode99]

This article is very long.

https://www.fool.com/investing/2021/08/24/why-dogecoin-is-cryptos-most-dangerous-joke/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Do you agree with what it says?

Initially Dogecoin was created just for fun and not to be taken seriously, but the trend created by Elon Musk caused Dogecoin to rise, this makes the risk for those who follow the Doge trend even greater, especially if the expectations are too high to reach the predicted new ATH. will reach $1, but as a result many people lose their money instead of making a profit. Ha ha

[NFTcool3021]

Yes, we know that initially Dogecoin was made just for fun and there was no purpose for this Dogecoin, and of course this is dangerous for those who only follow the trend of a coin and they are too fomo with the promise of New ATH 1$, the result is that many of them can't get out. from the top price.