Current Events > Explain bitcoin/ dogcoin to me

(+) Yeah! (+)

I put in say 100 bucks in coin
I wait until # goes up
If number is high and I pull out, my 100 bucks is 1 trillion?

Decentralised currency
At 25 cents, 100 bucks buys 400 dogecoins
Now the price goes up or down
If you sell 400 coins when it goes up to 1 dollar, you made 300 dollars
If you sell 400 coins when it goes down to 20 cents, you lose 20 dollars
Theoretically, you can gain an infinite amount of money but lose only what you put in, but just to be safe, don't invest what you can't lose
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Ohhh, thank you!

So Trump was elected president in 2016
At this point everybody realized life was a meme/satire

Stocks and Crypto are all just gambling.

So people realized it now makes lots of sense to gamble on whatever the dumbest meme-iest thing ever could be.

And so long as others think the same way, you end up winning. And also everybody is so jaded and cynical right now that the more "conventional wisdom" tells you something is dumb or never going to work, the more you want to do it anyway.

Thus I have 300 dollars in Dogecoin


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PowerOats posted...

I put in say 100 bucks in coin
I wait until # goes up
If number is high and I pull out, my 100 bucks is 1 trillion?

If you buy something for $20 and sell it for $30, you make $10.

If you buy 100 of something for $20 each and sell them for $30 each, you make $1000 ($10 x 100).

The only additional step, really, is that you can buy fractional amounts of bitcoins / dogecoins instead of being limited to whole ones.

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