How to Invest in the Great Dogecoin Bubble of 2021

InvestorPlace2021-04-21

When an investment could be worth $1 trillion or zero, investors need to follow a different set of rules. If Bitcoin(CCC:BTC-USD) has ever felt speculative, considerDogecoin(CCC:DOGE-USD) – a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Ameliakoh
2021-04-21
Ameliakoh
We always heard the good n successful newof Dogecoin. What about those got burned or cheated along the way?? Any?? ?
Hannah.RX
2021-04-21
Hannah.RX
Tell me your opinion about this news...
Fionne
2021-04-21
Fionne
Agree with careful monitoring you will earn substantial profit
nctony
2021-04-21
nctony
Not our bet
LJYOng
2021-04-21
LJYOng
It will burst
Dickson8614
2021-04-21
Dickson8614
Please like and comment
- AndrewL:
  Commented. pls respone back! thx!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1197292972?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-21 11:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197292972","market":"us","top_or_hot":-1,"title":"How to Invest in the Great Dogecoin Bubble of 2021","media":"InvestorPlace","content":"<div>\n<p>When an investment could be worth $1 trillion or zero, investors need to follow a different set of rules.\n\nIf Bitcoin(CCC:BTC-USD) has ever felt speculative, considerDogecoin(CCC:DOGE-USD) – a ...</p>\n\n<a href=\"https://investorplace.com/2021/04/how-to-invest-in-the-great-dogecoin-bubble-of-2021/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Invest in the Great Dogecoin Bubble of 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Invest in the Great Dogecoin Bubble of 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/how-to-invest-in-the-great-dogecoin-bubble-of-2021/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When an investment could be worth $1 trillion or zero, investors need to follow a different set of rules.\n\nIf Bitcoin(CCC:BTC-USD) has ever felt speculative, considerDogecoin(CCC:DOGE-USD) – a ...</p>\n\n<a href=\"https://investorplace.com/2021/04/how-to-invest-in-the-great-dogecoin-bubble-of-2021/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://investorplace.com/2021/04/how-to-invest-in-the-great-dogecoin-bubble-of-2021/","article_id":"1197292972","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197292972","pubTimestamp":1618975910,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"When an investment could be worth $1 trillion or zero, investors need to follow a different set of r","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"如何投资2021年的大狗狗泡沫","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"When an investment could be worth $1 trillion or zero, investors need to follow a different set of rules.\n\nIf Bitcoin(CCC:BTC-USD) has ever felt speculative, considerDogecoin(CCC:DOGE-USD) – a cryptocurrency that started as a joke in 2013. At the time, many saw it as a “cryptocurrency doomed to failure.” Fast forward to 2021, and Dogecoin’s investors have been the ones laughing to the bank. Anyone who invested $10,000 in the “meme coin” at the start of the year would have almost $1,000,000 today.\nYet, for all the lucky Dogecoin investors who got in early, thousands more have watched from the sidelines. These skeptics have worried for all the right reasons; Dogecoin and all cryptocurrencies have no intrinsic value. Any buyer could potentially become “the last person holding the bag” in one of history’s most fantastic bubbles. Such awareness has protected investors for centuries.\nBut such truths are cold comfort to thosemissing out today.\nThat’s because Dogecoin’s value a decade from now is more an existential question than a practical one. By the time historians start writing about decentralized cryptocurrencies, original investors could have sold out long before.\nSo, if you want to participate in the Great Dogecoin Bubble of 2021, there are still plenty of good reasons to join in. At $50 billion, the currency is still less than 5% the value of Bitcoin; its fans have evencreated a day to celebrate the coin.\nBut just like skydiving, make sure you bring a parachute along. Because when other investors only want to send Dogecoin “to the moon,” you need a strategy that can protect you no matter if Dogecoin goes to $1 trillion or zero one day.\nDogecoin Prices: A Growing Real-World Sensation\nLast week, Dogecoin overtook Tether to become the world’s fifth-largest cryptocurrency. If it were a company, the coin would now be worth as much asExpedia(NASDAQ:EXPE) andEtsy(NASDAQ:ETSY) combined.\nInvestors have taken note. As Dogecoin has continued to gain traction among retail buyers,larger institutions have started piling in. At one point, trading volumestopped $70 billion. Today, the coin has gained so many fans that even corporations have startedcreating strategies around Dogecoin.\nThe coin’s rapid rise has investors worried. Last week, Ethereum and Cardano co-creator Charles Hoskins took to YouTube towarn of an impending bubble.\n“Let’s be very clear – this is a bubble. The price of DOGE is not sustainable,”Mr. Hoskins said. “DOGE does not have a stable development team. There is no original tech in DOGE.”\nBefore regular investors give up, however, there’s some good news:Dogecoin could still overcome these hurdles and hit $10.\nIs Dogecoin Worth $1 Trillion?\nHow has Dogecoin’s trillion-dollar price potential come about? Thank Bitcoin.\nFor years, Bitcoin had confounded cryptocurrency exchanges and trading platforms with its inefficient proof-of-work (PoW) protocols. Transactions could take days to clear, creating bottlenecks for customers. To compensate, these exchanges developed workarounds such as order batching and off-chain transactions. Rather than rely on Bitcoin’s blockchain, exchanges would do much of the transactions in-house.\nIt was a win-win situation. Customers could get their money sooner, while exchanges could earn more commissions.\nThe same tools now power altcoins like Dogecoin. It doesn’t matter that DOGE has a 1-minute transaction time and lacks a team of dedicated coders. Platforms like Robinhood now make altcoin transactions virtually free and instantaneous (provided they’re working at the time). Meanwhile, payment gateways like BitPay have done the work to make these currenciesavailable to e-commerce merchants.\nThat laid the foundation for Dogecoin’s explosive rise. What lit the fuse was an even stronger reason: people like the coin.\nDogecoin on a Rocket Ship to Mars\nTo play the Dogecoin Bubble of 2021, investors should realize that cryptocurrency is essentially a game of popularity. Much like collectible stamps, blockchain currencies are only valuable if others believe it too.\nAnd Dogecoin has plenty of fans.\nIn late January, Tesla CEO Elon Musk tweeted the first of manyDogecoin endorsements. Other celebrities would follow suit withvalidations of their own.\nThe effect was immediate. Dogecoin prices shot up 400% within days, creating a feedback loop that would send the coin even higher. The more people bought the coin, the louder the calls forwidespread exchange adoptionbecame. In the world of cryptocurrencies, popularity reigns king.\nInvestors will continue seeing opportunity incrypto momentum investing. Though Dogecoin is unlikely to rise another 10,000%, there’s still room for it to grow 20x and rival Bitcoin’s size. People putting in a couple of hundred dollars could see thousands in return.\nInvesting in the Great Dogecoin Bubble of 2021\nSuch potential has warped the sensibilities of many investors. Today, Reddit forums boast screenshots of people investing theirentire six-figure portfolios in Dogecoin– far more than most can stand to lose. Others have showneven bolder bets.\nThe images might be genuine or faked. But the message is clear: you’re in or out. You either put your entire portfolio into DOGE or don’t join the club at all.\nThis “all-or-nothing” thinking (known as “splitting” in cognitive psychology) has created a worrying trend. No longer are people looking for small wins. There’s a feeling that Dogecoin investors need to reach the moon or die trying.\nThe data has illustrated this shift. In late 2020, just1,165 Dogecoin walletsheld more than $87,000 worth of DOGE. Today, over 30,000 walletsmay have that much. Even the buy-and-hold investors seemed to have stopped diversifying – the top five wallets from January have barely budged from the top rich-list.\nThis is concerning news for Dogecoin investors. The speculative currency was supposed to be a place for people to park some money for fun – not a casino where you bet your entire life savings. And when more people have more significant sums on the line, there’s a greater chance that things will go wrong.\nLessons from GameStop\nIn early 2020, Reddit investors on r/WallStreetBets boughtGamestop(NYSE:GME) stock and options as an outlandish bet on a dying videogame retailer. The forum had long acted as an outlet for investors looking to share their war stories. GameStop stock was a perfect mix of cheapness and nostalgia for millennial investors to love.\nAs more people piled in, the environment quickly changed. By January 2021, GameStop short-sellers such as Citron Research’s Andrew Left started receiving personal threats andun-ordered late-night pizzasat their door. Melvin Capital’s Gabe Plotkin received messages that wereeven more extreme.\nWhen investors have so much riding on a stock, there’s far less room for good-natured fun.\nToday, the Dogecoin community is starting to see the same creep. From theWall Street JournaltoEntrepreneur Magazine, news outlets have turned their Dogecoin largely positive, mimicking the bullishness investors might have only seen on Reddit’s r/Dogecoin subreddit just three months ago. The echo chamber is only getting louder.\nMeanwhile, the same issues that plague crypto remain. Governments can still start enforcing regulations, and every cryptocurrency still has zero intrinsic value. (Stablecoins backed by fiat currencies are an exception.)\nThat means investors need to remember to keep their bets reasonable. There’s always a temptation to “fall in love” with an investment. But for those buying solely for profits, there’s little reason to form emotional intimacy with something that can’t love you back.\nRide the Crypto “Crazy Train,” But Take Some Profits\nA market bubble isn’t defined by a rapid rise alone – assets like London real estate or gold bullion can stay expensive for generations. Instead, it’s the rapid fall that has historians looking back and tut-tutting in disapproval.\nToday, Dogecoin could still go either way. Its growing popularity could make it the next Bitcoin – professional developers or the “Dogecoin Whale” could help the meme coin leapfrog others technologically. But Dogecoin could just as quickly become the next RadioShack – a once-beloved brand that got replaced as people moved on.\nFor investors looking to buy into Dogecoin, know this: it’s not too late. At a $50 billion market cap, the meme coin still has room to run.\nJust don’t bet your life savings, and make sure you take profits from time to time. Because when you’re riding the crypto “crazy train,” always act as if a crash could be right around the next corner.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":378894163,"gmtCreate":1619014266452,"gmtModify":1704718339869,"author":{"id":"3574754838536636","authorId":"3574754838536636","name":"Ameliakoh","avatar":"https://static.tigerbbs.com/4a747ab791603fb0a649736b10ec7454","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574754838536636","authorIdStr":"3574754838536636"},"htmlText":"We always heard the good n successful newof Dogecoin. What about those got burned or cheated&nbsp;along the way?? Any?? ?","listText":"We always heard the good n successful newof Dogecoin. What about those got burned or cheated&nbsp;along the way?? Any?? ?","text":"We always heard the good n successful newof Dogecoin. What about those got burned or cheated along the way?? Any?? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378894163","repostId":1197292972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378190647,"gmtCreate":1619008240789,"gmtModify":1704718193889,"author":{"id":"3579213973010012","authorId":"3579213973010012","name":"Hannah.RX","avatar":"https://community-static.tradeup.com/news/09dd799ed28e0c080713e623e61ff5d3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579213973010012","authorIdStr":"3579213973010012"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378190647","repostId":1197292972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378374571,"gmtCreate":1619007112693,"gmtModify":1704718178027,"author":{"id":"3576708373980133","authorId":"3576708373980133","name":"Fionne","avatar":"https://static.tigerbbs.com/612eb041fa204860d1595eb841fb99f5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576708373980133","authorIdStr":"3576708373980133"},"htmlText":"Agree with careful monitoring you will earn substantial profit&nbsp;","listText":"Agree with careful monitoring you will earn substantial profit&nbsp;","text":"Agree with careful monitoring you will earn substantial profit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378374571","repostId":1197292972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378330986,"gmtCreate":1618998477145,"gmtModify":1704718066138,"author":{"id":"3557024931927052","authorId":"3557024931927052","name":"nctony","avatar":"https://static.tigerbbs.com/1449dfc5089ded0e8efe303fd4dd43b1","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3557024931927052","authorIdStr":"3557024931927052"},"htmlText":"Not our bet","listText":"Not our bet","text":"Not our bet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378330986","repostId":1197292972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378397845,"gmtCreate":1618998400687,"gmtModify":1704718066952,"author":{"id":"3574648007139021","authorId":"3574648007139021","name":"LJYOng","avatar":"https://static.tigerbbs.com/91373d78bbf6246d84bedbc8a6a24b00","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574648007139021","authorIdStr":"3574648007139021"},"htmlText":"It will burst","listText":"It will burst","text":"It will burst","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378397845","repostId":1197292972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":378922223,"gmtCreate":1618993515562,"gmtModify":1704717996120,"author":{"id":"3576284335652964","authorId":"3576284335652964","name":"Dickson8614","avatar":"https://static.tigerbbs.com/1c6a81e28879ea087b93c6234e7b7eb8","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3576284335652964","authorIdStr":"3576284335652964"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/378922223","repostId":1197292972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4092824,"gmtCreate":1619004572312,"gmtModify":1680784954260,"authorId":3571815908504020,"author":{"id":3571815908504020,"idStr":"3571815908504020","authorId":3571815908504020,"name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":378922223,"type":1,"supId":0,"prevId":0,"content":"Commented. pls respone back! thx!","text":"Commented. pls respone back! thx!","html":"Commented. pls respone back! thx!"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":83,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197292972"}