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Author Topic: I introduced cryptocurrency to my friends by using DOGECOIN  (Read 757 times)
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December 27, 2020, 07:28:11 PM
 #41

I hope you won't disappoint your friends with the wrong investment recommendations.
You should tell your friends a little about the doge background. Apart from that, the hype has passed and you should also point out the history of past doge prices (before going viral) which to be flat.

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December 27, 2020, 07:32:11 PM
 #42

Of all cryptocurrencies, why doge? as a crypto enthusiast myself, I love sharing my experiences with Bitcoin and other cryptcies with my friends, I often get to start off my sharing with DOGECOIN rather than Bitcoin, why is it you say? Well since my friends (at least in my circle of friends) know a lot and love doge memes, I then start off the topic by talking about doge and how popular doge is, then I finally start to tackle about dogecoin being an actual digital currency (I decided to say digital currency so they'd have an idea instead of cryptocurrency) and after a short explanation they are then ought to believe with what I'm saying by showing that I am actually earning dogecoins, and after a few months, they've started planning to actually buy dogecoins and see for themselves, it's actually an easier way to make them benefit with cryptocurrency using other cryptocurrency rather than just by relying on Bitcoin.

Not to sound bitter but Dogecoin isnt really much a wise choice if you and your friends are really targeting on making profits.It would be much more better if
you directly told them about bitcoin but well its your choice.

Sooner or later, that friend of yours will definitely be curious about Bitcoin specially if they do engage too much in crypto market.They would able to tell
the difference when they do engage with Bitcoin and other alts.

Still a good way on introducing crypto into other people.
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December 28, 2020, 01:06:47 AM
 #43

To be honest, I think Dogecoin is very good when used in daily activities. Besides the very affordable price, Dogecoin also has fast transaction speeds. If mass adoption of bitcoin/crypto occurs, I believe Dogecoin will be the best alternative
I agree that Dogecoin is very good when used in daily activities, but I do not agree that Dogecoin has transaction speed, previously I used Dogecoin and the transaction speed was around 30 seconds to 1 minute, very different when compared to XRP, XLM or EOS which has a transaction speed of under 10 seconds.
However Dogecoin is not a bad choice to invest there as Dogecoin's market cap rating is still within the top 100.
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December 28, 2020, 01:33:08 AM
 #44

Dogecoin can be called a coin that is light to buy, easy to use, simple to trade and fun to hold. I really like the existence of DOGE, even though I don't use it to introduce cryptocurrency to my friends or family. Until now, I have used Doge to transfer small assets because of the very low transaction fees.


Dogecoin and the transaction speed was around 30 seconds to 1 minute, very different when compared to XRP, XLM or EOS which has a transaction speed of under 10 seconds.

1 minute is not a big problem, considering that some large coins have transaction speeds of over 10 minutes.
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December 28, 2020, 02:45:16 AM
 #45

We can introduce any project to our friends as long as you explain very well the project and of course make sure that your friend will not blame you if they lose the money on this market. I'm tired of doing this honestly, because most of my friends are still not interested and I don't want them to blame me if they lose money, so I let this one go and focus on my own goals but if someone asked me about cryptocurrency then of course I'm willing to help them.
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December 28, 2020, 03:40:41 AM
 #46

We can introduce any project to our friends as long as you explain very well the project and of course make sure that your friend will not blame you if they lose the money on this market. I'm tired of doing this honestly, because most of my friends are still not interested and I don't want them to blame me if they lose money, so I let this one go and focus on my own goals but if someone asked me about cryptocurrency then of course I'm willing to help them.
That's right, we should not force them to invest on cryptocurrency because they will blame us for sure. Just give the right information and encourage them as well to learn on their own because if they will just depend on you, then its useless for them. Dodgecoin is a great coin before and its cheap until now, I just don't like introducing altcoins to my friends because I know the risk, Bitcoin is way more safer for me.

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January 16, 2021, 06:50:15 PM
 #47

I hope you won't disappoint your friends with the wrong investment recommendations.
You should tell your friends a little about the doge background. Apart from that, the hype has passed and you should also point out the history of past doge prices (before going viral) which to be flat.

Am not entirely going to fully lean on Dogecoin of course, rather than a stepping stone for them to gain information on cryptocurrency, nothing will hurt if I introduce them to something they like, after knowing dogecoin, we'll be moving on to the major ones like Bitcoin, Ethereum, etc.
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January 16, 2021, 07:06:32 PM
 #48

I hope you won't disappoint your friends with the wrong investment recommendations.
You should tell your friends a little about the doge background. Apart from that, the hype has passed and you should also point out the history of past doge prices (before going viral) which to be flat.

Agree, since Dogecoin isnt too good as investment coin. It have unlimited supply isnt it? But i think doge user is really much since its Listed on many exchanges and Cheap transaction fee feature. Sometimes i use doge to do arbitrary between exchanges  Roll Eyes

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January 17, 2021, 03:34:52 PM
 #49

Introducing crypto through Meme as well as shared hobbies is great and inspiring. maybe not many think the same as me, but in my opinion degecoin is indeed better if it is used as an everyday payment system, at a more affordable price and at a good speed, those are some of the advantages of using Doge. Besides that, business owners can also use Doge as a rewards system, because its relatively affordable value makes it easier for business owners to develop their business
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January 17, 2021, 06:44:04 PM
 #50

Dogecoin is a good coin for introducing friends to the world of cryptocurrencies. Coin is inexpensive to share with friends and transactions are fast enough.
It is bitcoin that's the best crypto to be introduced to your friends. But we all agree that it's also a good coin to be the first thing to be known by our friends.
Not that much expensive unlike the other coins and there's not that much hate on this coin.


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January 17, 2021, 07:08:28 PM
 #51


Most of the newbie sure heard of BTC this is why they mostly focus on it trying to get just a fraction of BTC.

Introducing them to doge will make them react differently and will have more questions after. Eventually you will have to say to them that there are thousands more of cryptocurrencies, its just that BTC is the most famous.

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January 17, 2021, 08:20:57 PM
 #52

We can introduce any project to our friends as long as you explain very well the project and of course make sure that your friend will not blame you if they lose the money on this market. I'm tired of doing this honestly, because most of my friends are still not interested and I don't want them to blame me if they lose money, so I let this one go and focus on my own goals but if someone asked me about cryptocurrency then of course I'm willing to help them.
Indeed, we can introduce any project that we want as long as we are explaining everything that is important and that is good for them and what they need to know. Explaining cryptocurrency to a beginner is difficult but if you try to explain it while showing every information or showing some videos for them to easily understand. That will help them to gain knowledge and have curiosity in their mind and they will try to invest. Try to recommend some good projects that are worth investing in, so they won't blame you for losing their money.
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January 17, 2021, 09:20:16 PM
 #53


Most of the newbie sure heard of BTC this is why they mostly focus on it trying to get just a fraction of BTC.

Introducing them to doge will make them react differently and will have more questions after. Eventually you will have to say to them that there are thousands more of cryptocurrencies, its just that BTC is the most famous.
but we also have to realize that bitcoin is quite complex for new users. Dogecoin is an altcoin that is more user friendly and easier to reach than bitcoin can be a good alternative as an introduction to the world of crypto.

Even though the price of Doge is cheap, but the support is strong, just look at Elon Musk's recent tweet which went viral about Doge, making the price go up by around 20%. Even new users can take advantage of tips in the various telegram communities to collect doges, with strong community support, collecting doges can be fun, and a great way to learn crypto.

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January 17, 2021, 09:48:39 PM
 #54

Of all cryptocurrencies, why doge? as a crypto enthusiast myself, I love sharing my experiences with Bitcoin and other cryptcies with my friends, I often get to start off my sharing with DOGECOIN rather than Bitcoin, why is it you say? Well since my friends (at least in my circle of friends) know a lot and love doge memes, I then start off the topic by talking about doge and how popular doge is, then I finally start to tackle about dogecoin being an actual digital currency (I decided to say digital currency so they'd have an idea instead of cryptocurrency) and after a short explanation they are then ought to believe with what I'm saying by showing that I am actually earning dogecoins, and after a few months, they've started planning to actually buy dogecoins and see for themselves, it's actually an easier way to make them benefit with cryptocurrency using other cryptocurrency rather than just by relying on Bitcoin.

thats great buddy
by the way, i think you should tell your friend about the others altcoins too, not only dogecoin
but, give them a good explanations about altcoins, because a lot of people only know about bitcoin mate
tell them to learn more about cryptocurrency deeply, before they start to drop their money in this industry

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January 18, 2021, 02:40:04 AM
 #55

I too have also used DOGE to introduce crypto to my friends. It was a long time ago and so far they are still doing trades using the said coin. DOGE may not be a good investment, but it is a good trading coin that can help you try to practice trading. Once you are proficient in trading DOGEs then you can now be able to move on to other alts. I would recommend to those who are starting in Cryptocurrency to start with DOGE and learn how to be a good trader using the said coin.

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January 18, 2021, 04:17:30 AM
 #56

If only all crypto enthusiast like you teaching  friends and family about cryptocurrencies, mass adoption will surely flooded into crypto space.

Sharing your knowledge to guide your close relatives and friends to a much safer journey towards this investment, it's good to know that there are kind of people who still have time to share their knowledge and allow other people to benefits. Gratz for that. Wink

Quote
But on the other hand convincing people to enter crypto is a hard task, some are afraid loosing money, some are not interested at all and some will say bitcoin is a scam.

Providing ideas that captures interest is very important, investment always have risk so it is not easy to convince other people to just simply jump in and follow you, there are explanations that needed to discuss to allow those people to start believing and begin to take their own journey.

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But I like your techniques convincing your friends, you used dogecoin as your introduction instead of bitcoin, well that is a great idea i will also use your style to convince my friends to enter in crypto world.

This is a trick since Bitcoin is very high cost investment, looking for another alternative is very important, as investors can start with small amount of money to begin this investment, just don't let them to start without further knowledge about the investment that they'll going to take.

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January 18, 2021, 05:15:57 AM
 #57

Of all cryptocurrencies, why doge? as a crypto enthusiast myself, I love sharing my experiences with Bitcoin and other cryptcies with my friends, I often get to start off my sharing with DOGECOIN rather than Bitcoin, why is it you say? Well since my friends (at least in my circle of friends) know a lot and love doge memes, I then start off the topic by talking about doge and how popular doge is, then I finally start to tackle about dogecoin being an actual digital currency (I decided to say digital currency so they'd have an idea instead of cryptocurrency) and after a short explanation they are then ought to believe with what I'm saying by showing that I am actually earning dogecoins, and after a few months, they've started planning to actually buy dogecoins and see for themselves, it's actually an easier way to make them benefit with cryptocurrency using other cryptocurrency rather than just by relying on Bitcoin.

Why not Doge, not because they are not in the top 10 they cannot be an example of a good coin to invest, a good Cryptocurrency should have a good community, low transaction fee, and fast to confirm, all of these define DogeCoin that is why after many years they ares till here, they may be not be on the top but they are likely to stand bad times.

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January 18, 2021, 05:52:59 AM
 #58

yeah op why not ? why not experiment or try to figure out easy ways to introduce crypto to someone easily .

bitcoin isnt the only crypto but there are thousands of them and not all people recognize bitcoin when it comes to cryptocurrency talks .

 i have a friend and he talks about etherium to me last time but he didnt knew bitcoin yet and he didnt knew that i already knew etherium but i trade talk to him to using bitcoin as my topic opener
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January 18, 2021, 08:05:47 AM
 #59

I wonder why do you think dogecoin a good idea in introduction
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January 18, 2021, 08:17:45 AM
 #60

I think that's a pretty good thing, because nowadays most people understand about altcoins, there are also very few people who still know for sure. but for now it's good. if your friends can also join crypto currency it will be even better. because more and more users of that crypto currency will be more believers in crypto and more trustworthy for many people. so it is not only Doge they learn but many more altcoins they will also lyrics.
absolutely! people need to know more about altcoin coz some of these coins are fairly promising and can bring us money dratically like bit does
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