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This Coin is More Doge than Doge - Memecoins And Perspective

This Coin is More Doge than Doge - Memecoins And Perspective

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As my regular readers know, I like the occasional, and the not so occasional… Well screw I’m a betting man through and through let’s be honest. I once sat and made this ridiculous wager on Stake.

And this one too:

Just kidding. I wasn’t lucky or patient enough to do either of those things. But someone did. Hell, those bets paid off.

You know where my losing bets are though? Consistently? On the markets.

That’s why I like memecoins, and I advise you all to buy the memecoin dip.

In particular, I am taking a different kind of gamble. The HODL complete coin trash gamble in the hope that it just might pay off.

Just like literally every person who’s been in crypto a few years, especially these last 5 or 6, I have huge regrets. I have more missed millionaire moments than fingers, and I’ve yet to lose a finger.

ALTHOUGH

…. I did almost chop one off when I sold my DOGE last year. I had 240 thousand useless coins based on an LTC clone of a blockchain - some say DOGE is better but really it’s a matter of semantics and a bunch of autistics being happy that their furry little chinese dog coin thing was now a news headline saying anything else - and I was surprised at the stability. The mooning of the DOGE was a once off. The graph for DOGE was a flatline with a massive spike in 2018.

“I bought millions of them that year and when they peaked I sold them, that's how I made my first million dollars.”

This was a buddy I was talking to whose nickname was Dogeman.

Looking back at 2018, oh how infantile the crypto market was. It was the baby of big dreaming, not big money. Those of us who took an interest in crypto, however superficial, had at least SOME understanding of the potential behind DeFi or at least just blockchain technology in and of itself has enough value that we all knew Bitcoin would never “crash”. And really it hasn’t.

BTC may be worth almost 45% less than it’s peak on most days, but it hasn’t dipped below the initial pump.

Memecoins tho.

DOGE is a strange occurrence, but not an unpredictable one. Let’s look at the chart for DOGE. You guys know how much I love charts, but this time it isn’t a casino graph. This is me zooming in on DOGE's "made millionaires" 2018 moment.

Yup. It looks tiny. just a tiny bump on a straight-line of a graph. It used to look more chaotic, and the spike looked like this.

What happened next? Well DOGE experienced a rise of never before seen proportions in the crypto world come previous months. 2018 is now that little bump, when it used to look like spike.

I'm no financial expert at ALL. I'm a gambler. DOGE's chart looks like this today in full. And I'll be comparing another memecoin to it shortly.

That's DOGE.

This is TRTL.

Not all that different to DOGE's 2018 moment.

Now to be honest I have no idea if TurtleCoin will ever have anything close to DOGE's 2021 moment, but I do know that while it's still possible to buy 10 million memecoins at a dirt cheap price, close to the all time low, they will likely one day be worth a lot more again.

Two competing opinions summed up in one blah each.

"I made money trading DOGE, but I wouldn't HODL it or TRTL. They're LITERAL memecoins. There's a ton of other coins out there with much more potential."

***

"Any coin with a community behind it that's fun and growing will see a rise. Even if just for the novelty."

Indeed, just for the novelty is kind of my point. I could not disagree more with the first statement for the following reasons:

DOGE was cheap and easy to forget about. Few people had their life savings in it, and anyone who HODLed it from a low made a massive profit if they sold at the right time.
The story of crypto is still being written. These so-called "high potential" coins will potentially be short term cash cows and then likely get replaced by the next "high potential" coin over and over in a cycle of development.
People love memes. People love silliness.

I've been into video games since I can remember. I don't play competitively, or even very much at all these days. It's rare for me to play anything online. But I do love retro stuff.

I sold a Super Nintendo for a lot of money not long ago. Considerably more than a current generation gaming console. Looking at the price of an Xbox 360 or even a Playstation 2, the frontline novelty of being "one of the first" doesn't exist. I expect to see many high tech coins fall off the radar as they become replaced by better functioning alternatives. There is no way on Earth that DOGE will not settle at a relatively high value and be here to stay as long as crypto itself. And that is because of the novelty.

I'm a betting man, and I'm betting on obsolete futures for most cryptos, and the survival of memecoins as true relics. Cryptocurrency is still a child, and like the first gaming consoles I expect the memecoins to stick around as some kind of collector's item.

Like I said I'm a betting man. If you'd like to support the author, are over the age minimum and within your local laws to gamble and want to be a betting man yourself just to see what it's like, then go ahead and click on my banners to sign up for the casino's I endorse. All of these give you free coins with the exception of Stake. Stake does away with the free coins and caters to serious gamblers. If you keep losing on Betfury, give Stake a try. But when all is said and done free coins are dope, which is why I go with BC Game. Also cos it accepts turtles.

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