Maybe this bitcoin planet shouldn't be so confident in their price predictions and telling others what projects are or aren't worth investing in.
After spending a considerable amount of time in many alt coin subreddits, here are the common themes preached across the board: Bitcoin is speculative. What is everyone's real opinions on what dogecoin will be worth over the next few years?
Look at supply of successful coins beyond BTC and ETH and see if you think they could be worth a lot more in the future. Here are some I think.
Elon hinted that he was doing something with Bitcoin for a week now, and all of a sudden Tesla buys billion worth of Bitcoin. They're buying altcoins, such as dogecoin. An online community has exploded in popularity as the Dogecoin Dogecoin is today the sixth most valuable cryptocurrency, an all-time high for what fluctuations in value across crypto, including industry-leading Bitcoin.
For one, he loved the Reddit community surrounding the digital coin, as its base had grown substantially since dogecoin's creation as a joke in He also appreciated that it was inspired by the Shiba Inu "Doge" meme, he says.
And like many holders of dogecoin"a reason why I put my savings into dogecoin is Elon Musk," who has repeatedly tweeted about the cryptocurrency. Though it's unclear if Musk's tweets in support of the coin have been serious, "I think the guy is a genius," Contessoto says.
Nonostante la contrazione di ieri, l'interesse retail nelle criptovalute è in crescita
Above all, Contessoto is very bullish on dogecoin's growth, and thought that it could help him build "generational wealth" to pass on to his future family.
Contessoto who works at a music company in Los Angeles says he didn't have disposable income to buy dogecoin, so he took a huge risk.
Buying on margin can be very risky, as investors are using borrowed money to trade. If the investor experiences any losses and couldn't repay the amount loaned on margin immediately, they'd need to pay back interest as well.
Experts are similarly very skeptical of dogecoinwhich they say is highly speculative and a so-called meme trade based on social media buzz. They warn that investors could get burned. In addition, dogecoin does not have a supply cap like bitcoin does, all of this making bitcoin market cap reddit a much more risky investment, according to experts. About two months later, on the night of April 15the price of dogecoin began to surge.
Dogecoin ultimately reached a record high migliori broker cfd around 45 cents. Some speculate that the rally was a result of cryptocurrency exchange Coinbase going public on April 14which also drove an increase in the prices of bitcoin and ether.
Others attribute dogecoin's spike in price to tweets by Musk that nod to the popular crypto-slang phrase "to the moon. I was very new to Reddit, so I wanted to make a post," bitcoin market cap reddit says. Though this was an unusual surge for the cryptocurrency, Contessoto doesn't intend to sell anytime soon. In his opinion, "this stuff is going to continue to grow. Eight years ago, dogecoin was created as a parody faster and "fun" alternative to bitcoin by software engineers Billy Markus and Jackson Palmer.
Check out: Meet the middle-aged millennial: Homeowner, debt-burdened and turning Don't miss: Mark Cuban on the dogecoin price surge: 'Supply and demand is undefeated'. This story has also been updated with the definition of buying on margin. Skip Navigation. Glauber Contessoto says that on April 15 at p.
PDT, he became a dogecoin millionaire.
Glauber Contessoto posted his Robinhood balance of dogecoin on Reddit on April VIDEO How I Made It. While bitcoin is still relatively new to mainstream investors, the next generation has already pronounced it the "dinosaur of crypto. They're so serious all the time. Many in this bitcoin market cap reddit gen investor cohort prefer to buy other cryptocurrencies known as altcoins or, sometimes, " s coins.
Of course, not all investors within this group agree — many are " hodling " bitcoin along with other digital coins.
Hence, it is today an important financial reality that attracts a lot of risk lovers and digital coin users. Nevertheless, the ambiguity of Market Nature and the huge volatility makes this market complex and approach to Cryptocurrency analysis a stiff process. It looks distant from exchange market, which appears stable and with low volatility level, and appears more similar with stock.
Bitcoin, the largest cryptocurrency by market value, launched in and is seen by its supporters as a store of value that will appreciate over time. Its year run opened the door for altcoins, such as dogecoin — which was initially created as a joke. While any cryptocurrency investment is considered to be very riskyexperts say investing in altcoins is extremely speculative. Experts warn to invest only what you can afford to lose.
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Still, various altcoins have recently soared in popularity as some new, young investors are seemingly willing to take that risk. Dogecoin, on the other hand, which surged in recent months, is currently priced at about 42 cents. Memes are the language of our generation, of Gen Z. Other altcoins, such as safemoon and shiba inu known as the " doge killer "were recently driven up by social media buzz — but are also deemed very risky investments by experts.
Some have likened safemoon bitcoin market cap reddit a Ponzi scheme and a scam. There are endless options, including ethereumbinance coincardano bitcoin market cap reddit more, all with strong communities built around them. In fact, for the next generation of investors, referring to bitcoin as "boomer coin" bitcoin market cap reddit also be a way to support the altcoin of their choice.
You start researching and investing because you bitcoin market cap reddit you can make money," Contessoto says.
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A visual representation of digital cryptocurrencies Dogecoin and Bitcoin. Fundstrat's Tom Lee on the markets and bitcoin. Closing Bell.