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Just my opinion, but I think one key difference here is that while yes there are tons of people thinking and hoping they're going to get rich by "investing" in
by esotericsean 5y ago
Just my opinion, but I think one key difference here is that while yes there are tons of people thinking and hoping they're going to get rich by "investing" in Dogecoin, with the type of limit Doge has, it's able to be used as real currency. We don't actually want the value of Doge to skyrocket too much because then it just becomes another store of value like Bitcoin. One of the slogans you'll hear a lot in the Doge community is 1 DOGE = 1 DOGE. And the point is to convert your fiat into Doge and use that as currency instead. Not pump and dump. Out of all cryptos, Doge is one of the best options for that. But we'll see what happens.
- captn3m0 5y ago1 BTC = 1 BTC used to be a thing as well.
- rspeele 5y agoI see this in the Bitcoin community too. Lots of people say "I'll never sell my Bitcoin for dollars. I'll use it once it becomes the world's reserve currency." But selling, and trading for goods, are equivalent. If you win big on a coin, it doesn't make a difference whether you sell your holdings for $200,000 USD to buy a Lamborghini or directly trade your holdings for the same car. Either way there are only so many Lambos to go around and lots of paper millionaires thinking they can buy one.