Author Topic: Should I invest in DogeCoin? *DOGE IS GOING BACK UP AGAIN*  (Read 1857 times)

no because
1. you're supporting cancer if you do so
2. don't
"This is supported by a group of people I do not like, I will call them a horrible disease!"

use ebay to buy and sell em.
brokers are scams lol

Isn't there a chance that I can be scammed too? Also do you have any DogeCoins?

Dang! Rates are rising!! Now 1000 coins are the equivalent to 0.52 cents! Before it was equal to $0.42. I think it's about to raise.

I'm definitely going in to buy one.

I'm definitely going in to buy one.

Me too, also it the value for 1k Doge in USD just dropped by a cent.

Invest like a hundred dollars in there.  You'll get tons of money if it ever goes up.

Invest like a hundred dollars in there.  You'll get tons of money if it ever goes up.

The main question comes to this though: will it definitely raise by a good margin? I am not sure, but I think that there is a great chance it will.

The main question comes to this though: will it definitely raise by a good margin? I am not sure, but I think that there is a great chance it will.
Internet currency is stupidly unstable, its basically like the investment lottery; if you want to put in like 20 dollars because you don't really care about making it back, then by all means. But chances are when people have the sudden realization that they are wasting their money, all investments will be lost.

I think of it sort of like the pet rock phenomenon, where some guy in his basement had the genius idea to sell rocks with googley eyes and make a lot of money for a while, until suddenly people realized "Hey, I'm just buying a rock, this is stupid" and that business died.

Also, despite the fact that the world runs on FIAT money and you would think you could try to argue that all currencies are in theory worthless. Please keep in mind that most official currencies are backed by countries and their governments, instead of some random internet gaggle of folk. When you invest capital to gain some form of currency from some country as far as an investment standpoint, you're investing in the stability of that country. With internet currencies you're basically investing in some get rich quick scheme by some genius company somewhere. Heck, I wouldn't be surprised if the creator of dogecoins just retroactively disables his system after enough people have invested money in it.
« Last Edit: April 15, 2014, 11:28:56 AM by Rykuta »

Bitcoin went from like one dollar to a thousand. It's not a bad idea at all to put a few bucks in.

Bitcoin went from like one dollar to a thousand. It's not a bad idea at all to put a few bucks in.
It oscillates all around, from an investment standpoint, internet currencies are probably the highest risk, highest reward investment you can make.
I'm not saying you can't make money, I'm just saying its very stupid to get into if you plan on putting your life savings in there.

It oscillates all around, from an investment standpoint, internet currencies are probably the highest risk, highest reward investment you can make.
I'm not saying you can't make money, I'm just saying its very stupid to get into if you plan on putting your life savings in there.

But no one is planning on putting their life savings in there.

I'm just gonna wait and put a few thou in some mutual market funds and Roth IRAs. I like to be able to guarantee that my investments return at least as much as I invested.

I am regularly checking DogePay, and holy cannoli: http://dogepay.com/

Rates are up by about 10%!

I wanna buy some, but... either I'm handicapped (likely) or you can't, but I can't find a place to buy it