Same as lottery tickets. "Lotteries should be played as a game and not for investment purposes."
If it excites you and you can afford to spend it (like going out to eat versus taking an international flight) then go for it.
Make sure you spread your earnings around the for sale forum.
Don't go into debt and don't think you are making wise financial decisions. Otherwise, have fun.
Sub-head to this story in the Wall Street Journal:
"What could possibly go wrong?"
Basically Doge sat there and did nothing for 6 years, and in the last week went insane. Seems risky to me? For example if you had invested $100 in 2014 it would be worth around $1400 today and if you had invested $100 on December 31st 2020 it would be worth $1200.
What is likely to go wrong for most people is missed opportunity. We'll all be using crypto soon, because fiat currencies will be going to the blockchain before you know it because that will increase efficiency and give the issuers far more control. Today we have the opportunity to stock up on crypto that won't be inflated away at prices we'll never see again.
Or not. Maybe it's all a scam and a passing fad.
Recommend you watch:. Some rumor it is musk himself. Not sure. Either way, I sold all mine today at a happy profit. Saying it could be the next GME should be reason enough not to get in.
We'll all be using crypto soon
Note just Dogecoin, seeing a lot of red today!
Aside from stablecoins, there are only two coins in the top twenty that are in the red for the last 24 hours. Maybe it's a good time for DOGE holders to take something off the table. But, maybe not. It sure is interesting to watch it play out.
