October 28, 2021

The TRUTH About $1 Dogecoin

Here are my thoughts on Dogecoin, its performance as an investment, and whether or not this can one day be a viable currency - Enjoy! Add me on Instagram: GPStephan LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you…

Here are my thoughts on Dogecoin, its performance as an investment, and whether or not this can one day be a viable currency – Enjoy! Add me on Instagram: GPStephan

LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1600): https://act.webull.com/k/Vowbik9Tm5he/main

JOIN THE WEEKLY MENTORSHIP – https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/

THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw

The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF

My ENTIRE Camera and Recording Equipment:

The whole thing started off as somewhat of a joke in 2013, when Jackson Palmer, a product manager at Adobe, began making light of the cryptocurrency craze by posting about HIS OWN non-existent cryptocurrency venture: Dogecoin. At the time, it was nothing more than a satirical joke based around the popular Doge Meme, featuring a Shiba Inu with comic sans thoughts popping up…but, to Jackson’s surprise…those Dogecon tweets began gaining some popularity online, and after some positive feedback, he bought Dogecoin.com.

Not too much later, it was picked up on Reddit, where it caught the attention of Bill Markus, a software developer at IBM, who reached out for for permission to actually build out the software and make DogeCoin a fully functional, working currency. The infrastructure was fairly simple, and – in less than a month later, the coin was launched in December, 2013….2 weeks later, the value jumped 300%.

Today…it has a market cap of nearly $10 BILLION DOLLARS, and is trading at a price of around 5-8 cents…all from something started less than 8 years ago, as a joke.

With Dogecoin, right now, there’s over 128 BILLION coins in supply…and rising, by the day. Each year, the number of Dogecoins can increase by as much as 5 BILLION, which was meant to encourage people to USE AND SPEND them – otherwise, over time, their value might decrease as more and more are pushed into circulation. As of now, this represents an equivalent of a 4% inflation rate per year.

As far as Dogecoin as an investment… that really depends on who you ask. The FOUNDERS who created Dogecoin in the first place, are totally perplexed by its popularity.

The co-founder, Jackson Palmer, left the Dogecoin team in 2015, and later said in an interview:
“With no immediate plans for development, it looks like the coin will slowly become stagnant in the future. The circulating supply of Dogecoin is astronomical, which will deter the price of the cryptocurrency from rising any further.”

Jackson Palmer said that he believes the doge theme has helped to make the cryptocurrency market appear less menacing, more accessible, and a place in which he hopes philanthropy will outnumber the profiteers.

Functionally, and instrincially…it’s NOT an investment, and it’s nothing more than a light hearted spin on a NORMALLY serious topic…but, lately, there’s been a BIG push away from mainstream corporations and big Wall Street institutions…and, when you look for a cryrtocurrency that people feel COMFORTABLE with…Dogecoin is probably one of the first that comes to mind, because…who doesn’t like dogs, and two regular people just messing around for fun on the internet with memes?

I think there IS something to be said about the popularity of Dogecoin, and – as it gains more acceptance, and more people embrace it – it’s going to stabilize in price. Could it one day reach $1? Maybe. Could it go back down to 1 penny? Absolutely, if people stop talking about it, or move on to something else.

The problem that I see is that people are viewing this as a way to “GET RICH,” and – yes, if you time it correctly, absolutely you can make money. BUT, that’s not a sustainable way to invest…because, mark my words…investments like this are entirely dependent around attention, and as we’ve seen time and time again…attention will shift week by week, month by month, year by year. Maybe it continues to grow, or maybe it doesn’t…so if you have money to RISK, by all means…but, as a serious investment, it would be irresponsible for me to say it is.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

5 Reasons To Use Digital Marketing Services To Transform Your Business

Digital advertising services are a staple for a service irrespective of its size and also age. A growing number of entrepreneurs are currently opening the advantages of electronic marketing for optimum benefit.

How to Find The Right Digital Marketing Agency – 5 Expert Tips

Prior to you pick a digital marketing company, you require to examine the firm as well as make sure that your option will profit your brand name and also business. Know how to locate the very best electronic advertising agency.

How To Build Multiple Streams Of Passive Income

Almost everywhere you turn online you listen to regarding easy revenue as well as just how it’s the best goal for someone intending to develop their wide range. However the expression “easy earnings” can be incorrect since there’s nothing easy regarding producing an easy income stream.

The Role of Content Transformation in the Digital World

Media firms, home entertainment companies, as well as IT companies somewhat, are actually getting increasingly more distraught in the modern-day age. It is as a result of the Digital Transformation element, which they are being compelled to think about. A lot more especially, the Information, Media and also Entertainment (IME) channels are absolutely watchful of the existing circumstance as well as are playing a safe video game.

What Ways Can Make Your Brand Stand Out?

It takes some time, commitment and also effort to construct a solid brand. It takes the willingness to stick to the messages for the long-term as well as not neglect what your true point of being is.