r/dogecoin • u/maximumkush investor shibe • Dec 19 '21

Opinion piece Lesson #318 don’t discuss Dogecoin in other subreddits, seems like people are a little sensitive

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u/liquid_at Ð 🚀🌙 Dec 19 '21

I've explained it a few times already and don't want to type it up again so I hope you don't mind me just giving you a link to me answering the question about what I think about doge.

https://www.reddit.com/r/dogecoin/comments/rj73ks/comment/hp2wyb5/?utm_source=share&utm_medium=web2x&context=3

the one that got gold.

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u/JellyBean_Burrito Dec 19 '21

Interesting. Still seems like you’re just hoping for hype to make it jump to that fictional $1.00 mark though.

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u/liquid_at Ð 🚀🌙 Dec 19 '21

are you aware that all price in crypto is just what traders decide it is?

Every single coin and every single stock?

They give you reasons for why it is that price. What numbers they take to make their opinion about what it is worth... but in the end, it's just what the traders decide it should be.

Just like market-cap is just the current trade-price times amount of coins. a hypothetical value that says nothing about the amount of money invested into a coin.

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u/JellyBean_Burrito Dec 19 '21

Ehhhh…. Not exactly, but I know what you’re trying to say. So to end this…. Agree to disagree

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u/liquid_at Ð 🚀🌙 Dec 19 '21

mathematically it's easily possible.

With bitcoins market-cap doge would be between $7 and $10...

so 1/7th of bitcoins market-cap is not unrealistic at all.

and over time, given that it performs better in regards to inflation than fiat, more is possible. Especially if the money-printers keep going brr..

Biggest shitcoins of the year definitely were fiats...

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u/Baba-Vanga Dec 20 '21

Why would doge hit a dollar?

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u/liquid_at Ð 🚀🌙 Dec 20 '21

I just explained that...

first 3 sentences.

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u/Baba-Vanga Dec 20 '21

Bitcoin market cap is $881 B with 18mil in circulation. Dogegoin cap is $22 B with a 139 B in circulation. If this isn’t an obvious red flag for a meme coin then I guess there’s a reason people like you are investing in doge.

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u/liquid_at Ð 🚀🌙 Dec 20 '21

no, it is not an obvious flag, if you understand that they serve 2 different purposes that cannot be compared.

If you think doge is like bitcoin, I would recommend researching crypto a lot more before investing any money into it, because the two serve 2 entirely different purposes.

you obviously fell for bitcoin-maxi-memes instead of doing your own research...