DogeCoin just hit 25 cents: Why that has the internet excited

No doubt those on fixed incomes will be hurt when the paper dollar crashes. Those who get in to crypto now have a chance.

Many do not know enough about crypto to realize what it actually is. Web 3.0 is coming.

 

What you have just described is the use of crypto currencies! So two nonsense posts from you in a row

Oh, and how can you boycott something to then dump it LOL

 

China would like to see the US dollar dropped in favor of Bitcoin, or Jinping coin or something.
Can you imagine a medium of exchange who's values zig and zag daily by five and ten percent, yet have no central bank to control price gaming, economic shocks, forcing every ship full of corn to circle around in the ocean waiting for the price to recover? (Or dump it in the ocean because you can't even get enough leverage to pay for the fuel?)
it the big picture it won't work. In the little picture it is gambling gussied up as "investing".

 

Is this stuff backed by anything real? Or is it just made out of thin air like US dollars? I don't know anything about crypto currency.

 

I never thought I would agree with one of your posts. Apparently according to one of the posters above you must be a Democrat

 

That is the problem caused by trying to categorize people you don't know.
Neither party impresses me much.

 

Perhaps you should learn more about grammatical tense. You said "they know crypto is coming" (hence my joke) and now you're saying "It is here". You can't have it both ways (unless it arrived in the 9 minutes between those two posts ).

The fact remains that no cryptocurrency is currently in a state that it could be used as a primary currency, especially not any like DogeCoin. It could become a possibility in the future but I don't see it as any kind of certainty that they will actually replace fiat currency. I think it's more likely they'll become just another commodity used to store and transfer wealth (for good, bad and indifferent reasons), with their own unique advantages and disadvantages compared to the largely physical commodities currently user for those purposes (property, precious metals, art etc.).

 

I have a friend at work that is head over heels for the crypto currency, but I still see it as a commodity and subject to market value. It certainly has its appeal and its usage, but I am going to hold off and stick with the traditional investments.

 

I'll gladly sell you some "Chuckiechancoins". You can get in at the bottom at $1 apiece.
Prospectus to follow*.

*Inside joke.

 

It is sad that you have to stretch for such nonsense and reveal how little you know in doing so.

It is here....yes, blockchain technology IS here.

It is coming....yes, the dollar will be replaced.

Learn context and make better posts.

 

That is a smart move. If you are already involved with traditional investments it would be wise to stick to them for now. I would recommend looking into crypto and block chain though. The more you learn the better off you will be. Some crypto projects are great and others are not so great.

 

I believe most crypto has a white paper but I get what you are trying to say. NFTs are big now and John Cleese sold one of the Brooklyn Bridge. Hilarious!

 

I definitely need to learn more so I at least have more options. !!!

 

So what is cryptocurrency going to do when first world countries begin to see it as a threat and ban the use of it through threat of fine and jail time?

I’m just curious because you seem to be acting as though the monetary powers that be are just going to give up the ghost without a fight.

 

Yes. Millions of Democrats around the world are in secret communication and every single one of them has managed to
keep it a secret.

WTF. Really? Is your rabbit hole really that deep?

 

LOL... I was thinking the same thing, but he/she is on my team.

 

... until it ends up being regulated, anyway. One issue with crypocurrencies is that they're often used for illicit transactions and other nefarious purposes.

 

One of these e-coins will collapse, and then there will be regulation. The government will pronounce "This is proof Crypto can't control itself. We need to come in and save it."

 

Maybe if it causes enough economic upset.

 

Crypto is definitely interesting and the buzz around it is like something I can’t recall ever seeing. I don’t truly understand it, but Just based on the buzz, I bought Bitcoin a few months ago at 18,000. I made nice money and sold some. Now I am only playing with some of my profits. When you say that you think it will replace the dollar, that makes me think it’s even more risky to own. Do you really think the government wouldn’t kill it long before it got to that point?

 

How can it be banned? It is a global, open source currency.....

 

It is already regulated. The dollar is used for much more illegal activity.

 

These coins collapse all the time. Not happened yet.

 

Any government can only control what is in its jurisdiction. It cannot be truly banned. India has tried and failed.

 

I can tell you for a certainty that it's currently having a major impact on the economy. Speculators are moving capital from stocks to e-currency, and share prices are declining. Who has the capital to buy a single share of bitcoin? $64,000 is bonkers. So speculators buy Doge coin, because they hear the music. And there are a lot of speculators hearing the music. These e-currencies will have enough impact on the economy to give government officials an excuse to regulate. I have no doubt.