tshile Posted April 20, 2021 Share Posted April 20, 2021 (edited) The problem with doge is at some point it drops. And hard. my buddies that make money on doge watch it constantly and won’t even sleep. they’ll take 1k and turn it into 3k (or more - realistically they jump in/out trying to predict the wave so even if it went up a ton it’s not like they simply bought in/out at the perfect time) over a few days or a week riding whatever the latest doge wave is. But I don’t have time for that and I’d be the dude finding out it crashed 3 hours after it crashed whats always funny is true I shoulda stories. I shoulda made 20k. I shoulda just held the whole time I’d be up 40k. Etc. if you’re into and hang around gamblers is the same thing Edited April 20, 2021 by tshile 1 Link to comment Share on other sites More sharing options...
Bacon Posted April 20, 2021 Share Posted April 20, 2021 (edited) I put $95 into Doge this morning. I'll triple my money when it skyrockets tomorrow (4/20, so called "Doge Day"), pull that original $95 back out and lose nothing from my original investment while keeping the rest where it is. The way I timed it, it's free money. If Doge blows up even further, great. If it bombs, why would I care? I just view it as something fun to do with a high floor and potentially enormous ceiling. Edited April 20, 2021 by Bacon 1 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted April 20, 2021 Share Posted April 20, 2021 18 minutes ago, Bacon said: I put $95 into Doge this morning. I'll triple my money when it skyrockets tomorrow (4/20, so called "Doge Day"), pull that original $95 back out and lose nothing from my original investment while keeping the rest where it is. The way I timed it, it's free money. If Doge blows up even further, great. If it bombs, why would I care? I just view it as something fun to do with a high floor and potentially enormous ceiling. I bought $200 worth at .37. I had the same idea as you, once it returns $200 - sell it, and just let it ride. But the more I’ve thought about it, I’m just going to let it ride all the way. I’m not really sweating the $200, so I’m just going to go along for the ride. This means it will hit $1 and promptly crash into oblivion. 1 Link to comment Share on other sites More sharing options...
Bacon Posted April 20, 2021 Share Posted April 20, 2021 (edited) 9 minutes ago, BatteredFanSyndrome said: I bought $200 worth at .37. I had the same idea as you, once it returns $200 - sell it, and just let it ride. But the more I’ve thought about it, I’m just going to let it ride all the way. I’m not really sweating the $200, so I’m just going to go along for the ride. This means it will hit $1 and promptly crash into oblivion. It's a sound approach either way if you're not sweating the money. I don't expect it to get much further than $1-2 this year (perhaps once it hits coinbase you'll see some significant gains beyond that), but the community is robust and it's treated as a symbol of a new kind of reddit day trader, so I don't think the floor is very low. Who knows, maybe it really will go to the moon and I'll be able to use my initial paltry investment to diversify into other crypto. This is my first. Edited April 20, 2021 by Bacon 1 Link to comment Share on other sites More sharing options...
Springfield Posted April 20, 2021 Share Posted April 20, 2021 (edited) I bought $1,000 worth at $0.12. When that money tripled I pulled all of it out except the original $1,000. Now I’ve been bouncing in and out of Dog for a bit. I just put in another $500 to make my current stake in Dog $2,000. If it blows up tomorrow then that’s cool. If it tanks, then I’ve still got some dumbass OTM calls on CCIV, SPY and CLOV. Its a ****ing casino. Also, I don’t believe in crypto. Edited April 20, 2021 by Springfield 1 Link to comment Share on other sites More sharing options...
Hersh Posted April 20, 2021 Share Posted April 20, 2021 I put a little more money in Doge just to see what happens tomorrow. It's all madness. Link to comment Share on other sites More sharing options...
Corcaigh Posted April 20, 2021 Share Posted April 20, 2021 (edited) 2 hours ago, Springfield said: I bought $1,000 worth at $0.12. Y’all are a bit late to the game. My kid acquired nearly 400k when they were worth $0.001. Edited April 20, 2021 by Corcaigh 2 1 Link to comment Share on other sites More sharing options...
tshile Posted April 20, 2021 Share Posted April 20, 2021 (edited) I feel like maybe when it becomes this big of a trending thing you might be in the bubble you’re waiting for 3 hours ago, Bacon said: . If it bombs, why would I care? Because the goal is to take advantage of the wave. If you really don’t care just buy more when it crashes again but don’t just watch it crash though. also there’s an argument to be made you should be watching it’s value relative to btc and playing off that... Edited April 20, 2021 by tshile Link to comment Share on other sites More sharing options...
Corcaigh Posted April 20, 2021 Share Posted April 20, 2021 Just now, tshile said: I feel like maybe when it becomes this big of a trending thing you might be in the bubble you’re waiting for The kid has been cashing out when there have been price spikes and made two decent-sized sales over the weekend. He has made enough for a down payment on a nice house. I wonder who is buying a joke coin at current prices. 2 Link to comment Share on other sites More sharing options...
Hersh Posted April 20, 2021 Share Posted April 20, 2021 13 minutes ago, Corcaigh said: The kid has been cashing out when there have been price spikes and made two decent-sized sales over the weekend. He has made enough for a down payment on a nice house. I wonder who is buying a joke coin at current prices. People are thinking about Gamestop and how that exploded. People want to latch on just in case and at $0.40 for a coin that's nothing but a gamble for a lot of people. I do wonder if it will remain a joke coin or get some traction long term. There seems to be some positives behind it. Link to comment Share on other sites More sharing options...
Corcaigh Posted April 20, 2021 Share Posted April 20, 2021 18 minutes ago, Hersh said: I do wonder if it will remain a joke coin or get some traction long term. There seems to be some positives behind it. It is not limited, unlike BTC, so it’s hard to see it being a ‘gold standard.’ Maybe the gold standard for joke coins. 😀 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted April 20, 2021 Share Posted April 20, 2021 So much for Doge Day. It's not tanking, but it's not moving. My gut said this would be another hype it up, so those holding a lot can sell and leave everyone else holding the bag. 1 Link to comment Share on other sites More sharing options...
Hersh Posted April 20, 2021 Share Posted April 20, 2021 12 minutes ago, BatteredFanSyndrome said: So much for Doge Day. It's not tanking, but it's not moving. My gut said this would be another hype it up, so those holding a lot can sell and leave everyone else holding the bag. everyone is too stoned to remember what to do on doge day 1 Link to comment Share on other sites More sharing options...
Dr. Do Itch Big Posted April 20, 2021 Share Posted April 20, 2021 As a rule of thumb I only invest in things I believe in but I know you can make money off ridiculous things. Hmmmmmmmm yolo. Link to comment Share on other sites More sharing options...
tshile Posted April 20, 2021 Share Posted April 20, 2021 28 minutes ago, BatteredFanSyndrome said: So much for Doge Day. It's not tanking, but it's not moving. My gut said this would be another hype it up, so those holding a lot can sell and leave everyone else holding the bag. When people that don’t know anything about any of it are buying it the day before because of some supposed big event/run up the next day.... im just not sure who’s supposed to be left to buy it today. I’d think the greatest fools in the greater fool theory jumped in yesterday and the day before... Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted April 20, 2021 Share Posted April 20, 2021 (edited) 19 minutes ago, tshile said: When people that don’t know anything about any of it are buying it the day before because of some supposed big event/run up the next day.... im just not sure who’s supposed to be left to buy it today. I’d think the greatest fools in the greater fool theory jumped in yesterday and the day before... Phew, thank god I bought in last week... 🤣 Edited April 20, 2021 by BatteredFanSyndrome 2 Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted April 20, 2021 Share Posted April 20, 2021 Uhhhh, it’s not gonna hit a dollar unless we all buy in. Empty the clip @tshile! We all know you’re a whale. 1 2 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted April 20, 2021 Share Posted April 20, 2021 The tank is in. Link to comment Share on other sites More sharing options...
Hersh Posted April 20, 2021 Share Posted April 20, 2021 Just now, BatteredFanSyndrome said: The tank is in. I was thinking about that a bit early and got out. I expect a lot of people wanting to catch a potential spike will get out if possible. Link to comment Share on other sites More sharing options...
Bacon Posted April 20, 2021 Share Posted April 20, 2021 (edited) Yeah I got burned. Oh well! Never had enough invested to feel it either way and it's a cheap lesson learned. I'll just let the paltry amount I have roll. It'll bounce back when it's low enough to entice others back in. Edited April 20, 2021 by Bacon Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted April 20, 2021 Share Posted April 20, 2021 This whole exercise over the past few months, where I've gotten burn after burn after burn, with a little play money has been a nice lesson. So glad I'm just more of a degen gambler than these folks who have dumped their savings and retirement into this crap stock and coin of the moment crap. I should have learned after AMC, but no - I just had to buy doge, to fully learn my lesson. 1 1 Link to comment Share on other sites More sharing options...
tshile Posted April 20, 2021 Share Posted April 20, 2021 I’m not saying it’s 100% spot on every time and with crypto it certainly can miss more than other things but if everyone is already talking about it there’s a solid chance you already missed the boat... 1 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted April 20, 2021 Share Posted April 20, 2021 3 Link to comment Share on other sites More sharing options...
tshile Posted April 20, 2021 Share Posted April 20, 2021 Although I will say the dips are part of all the cryptos.... whether you should buy the dip or eject? Idk it’s hard enough to tell when you’re *not* working with a joke coin.... I am curious how much doge can do this before it loses the fanfare. is there room for another doge to the moon wave? At some point everyone’s in the joke.... right? Maybe not... Word from my buddy is if doge falls out of the triangle it’s ****ed and plummeting. 🤷♂️ they’re usually pretty spot on Link to comment Share on other sites More sharing options...
Bacon Posted April 20, 2021 Share Posted April 20, 2021 Eh, it's already rallying back to the value it had when I made my initial buy in. So far Doge Day is more of a dud than a cataclysm. Link to comment Share on other sites More sharing options...
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