What;s up everyone! I keep seeing new investors young and old here talking about doge however the same misconception seems to be a trend here (Yeah Believe It Or Not, But Not Everyone Here Understands Doge Properly)
So let me give you a break down and a realistic series of events that need to happen for Doge to POP.
Now understand when Doge pops it will not just POP, it will boom! Because unlike Bitcoin, Doge is a Currency while Bitcoin is like an asset (Gold). This is why Millionaires are staking money in Bitcoin as it cuts out the middle man, resists inflation and has a cap.
Now! Unlike our favorite coin Doge, this is NOT capped and is not technically an "Asset" It is something more valuable in my eyes and that is - A Currency - We are reaching a Digital age in which paper is expensive to print on, So the next viable step? Digital currency for the everyday man. This is where Doge Steps in!
The reason why Doge Rockets a bit when musk tweets about it, it's not just for the hype, it's mainly because of the idea that this has caught the attention of someone who sells consumer goods (Like mark cuban as well). People on here keep saying BUY and HODL Doge to make the price go up, this is a huge fallacy, If I go get $10 USD from the bank with Euros, I am technically buying and holding the USD now however it has not made the USD any more valuable, Follow?
So! With that being said, Doge needs to be adopted as a currency! Holding will only benefit YOU when it rockets but does not affect the actual coin. In order for doge to gain VALUE we must be able to purchase valuable things! Take Tesla for Example, Someone tell Elon he is an IDIOT (Please quote me) For not accepting Doge yet, Doge is a Currency that is far less volatile at this point than BTC! So, let's say this was adopted, boom, Doge is now worth .20-.50 cents (MUCH WOW). Now let's say Walmart decides to allow it as a currency, Now we're talk Doge being worth $1-$5 Dollars (Seriously). The more it gets adopted the more it's worth and slowly it'll take over USD and who knows it may be re-branded and shaped into DUSD (Digital United States Dollar) at this point Doge will even out BUT it'll be worth a pretty penny (No Bitcoin Prices) But worth more than most physical Currencies in ANY county.
So there it is people, Get people to Buy and Sell Doge on ITEMS, Tangibles here. Only then will the price properly pop to where I know it can go! Spread the word! Do not just buy and hold, BUY. HODL. USE!!!
TLDR: Doge need to be accepted as a true currency before anything magical happens, BUY.HODL.USE is our new slogan.
Thank You!
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