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RE: Why Do People Keep Buying Doge?

in LeoFinance4 years ago

The only reason doge still have some value is Elon as well as other celebrities. All of the above with the bullets that you mentioned have nothing to do with why people are buying.

A prime example of that is when elon tweeted about btc and then in less than 24 hours, its price pumped 20%. And we are talking about a coin without liquidity, cute mascot, affordability.

In other words the vast majority don't care about things that they should have, like the coins actual purpose, what problem does it solve, the tokenomics behind it etc etc. At the same time I don't think that Elon is just trolling and having some fun but instead i believe he holds a lot of doge. Thus, with his tweets, he is basically becoming richer and richer.

I really hope that people become rich out of doge but at the same time i don't want them losing money and start blaming all cryptos for that

Posted Using LeoFinance Beta