Buy... $dogeCoin? Do not heed "investment advice" (which this is not) from a greasy man lookin' at turds through a kaleidoscope. yeet the rich
Of course! If you liked bitcoin, it is the same : no usability (except to buy drugs, or for doge to buy memes ) , high volatility , and unknown origin On the plus side Dogecoin doesn't ruin the environment with wasteful electricity consumption This is not an advice, I'm not a professional, I just like the coin
It would if it could. A year ago, Dogecoin was 0.027% of total cryptocurrency market cap. As of a year ago, it was 2.5% of total cryptocurrency energy consumption.On the plus side Dogecoin doesn't ruin the environment with wasteful electricity consumption
For a brief while I did vehicle design. I was in a department that did a lot of electric vehicles early on - back when if you were really lux you used Optima redtops because yellowtops hadn't been invented yet and if you were a research lab you had $80k worth of Sonnenschein NiMHs. So we of course did a unit or two on alternative energy. Wind power came up, as well as the subject of the windmill the alternative school tried to put up on top of the ridge every other year or so, because of course we were in a town that had ridiculous windstorms in the winter - I routinely saw chickens out'n'about in Jan-Feb on my way to school because coops blew over on the reg. The professor cautioned us, however, that the prime locations for wind power aren't necessarily the places with strong wind - they're the places with steady, predictable wind. You can make wind power with a turbine optimized for 5kt winds. You can make wind power with a turbine optimized for 15kt winds. But if you put a 5kt wind turbine in a 15kt wind it will fall over. The advantage of "YOLO" is it braves you against that 6x loss multiplier in your head. The disadvantage of "YOLO" is it makes you want to hold a pinwheel out the window in the middle of a tornado. I was watching Doge last night because my cousin forced me to and looking at the volumes - trading was dumbly thin, talkin' like $500k worth of value. I was explaining thin markets and their gyrations to my wife and Cryptowatch's 24h went from 650% to 425% to 605% in a sentence. Now of course the volumes are half of Bitcoin's and there's massive buy orders at 4 and 3 cents because errbody woke up mad that they missed the tornado. I dunno. Ripple did that shit about the time everyone piled into Robinhood and discovered you could be a ripple millionaire for about the price of a big mac. Within three days it was the price of ten big macs, then a hundred big macs. But the fact that we're talking about the intrinsic value of an intellectual construct created as a joke is something out of a Gilliam film.