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RE: Will Dogecoin reach $1?

in LeoFinance2 years ago

Hey @forexbrokr If it does, I'll get out of here and move back to using cold hard cash. It would surely suggest we're in a major bull bubble and all hell's about to break loose? Probably the end of the human race? But seriously, having some fun with a meme coin is okay, but an inflating a meme coin would be a very bad thing for cryto's maturity. Some personal random thoughts - hopefully this comment won't harm anyone (that is planning to get a doge super rich!) 😂 All that said, I won't be surprised for it to hit 25c, but even that would be super bad for all the above reasons.

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Would you say all those same things about Bitcoin going to a million dollars?

I don't agree it will happen in the next few weeks, but I do see BTC to a million eventually being inevitable.

Once that happens, I think you underestimate the crazy shit that will happen in the rest of the altcoin space.

Never underestimate the stupidity of people (or their ability to get caught up in hype).

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Yes, I'd agree with that. BTC to a million could and would eventually happen. The crypto market cap will help move in that direction. My hard scepticism of Doge getting to a dollar is that there are no fundamentals. It's not a store of value or of any utility.

But as you say, never trust the human race. And if doge goes to a dollar, I would seriously worry about the entire crypto market.