Comment · Mon, February 8, 2021 · ND Owner
MisterYouAreSoDumb
Original post in this thread
M30MM100 · 183 points
I just want to say thank you to MisterYouAreSoDumb. The man is incredibly knowledgeable, highly professional, levelheaded, and a tremendous asset to the nootropics community.
He can undoubtedly retire and spend the rest of life operating a coconut farm on a tropical island but he’s on a mission and continues to serve the community.
P.S. MYASD - I read your message the other day about Bitcoin stressing you out - try not to stress about Bitcoin 😉 I’ve been in it since 2013 and I won’t start selling until it’s north of 100k 🙂
What they were answering
ar-jan · 1 points
Fair enough. However, dogecoin is the people’s crypto.
u/MisterYouAreSoDumb · ND Owner
I was in DOGE long ago as well, but as a joke. It's a meme coin. It will not sustain this price increase. Just look at the fundamentals of the coin. 128 billion DOGE in circulation, no cap, no use cases, less consensus security, etc. It was a meme coin that was based of Luckycoin, which was made from Litecoin. The dude that made it literally did it in 3 hours on a Sunday using already existing code. LOL. I am seeing a lot of people dumping a lot of money into it, just like I did for GME. It's going to get a lot of people burned if they are not careful. Have fun with it and all that, but do not put too much into it. Just listen to the guy that developed DOGE, Billy Markus.
“The idea of dogecoin being worth 8 cents is the same as GameStop being worth $325. It doesn’t make sense. It’s super absurd. The coin design was absurd.”
Take it from someone that's been in crypto for a long time. DOGE will never be a real player, and it will never be able to sustain these prices long-term.