Here is everything you need to know about investing in Dogecoin, whether or not it can hit $1, and the untold truth about how much it would take to get there. Enjoy! Add me on Instagram: GPStephan
GET YOUR FREE STOCK WORTH UP TO $50 ON PUBLIC & SEE MY STOCK TRADES: http://www.public.com/graham
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 Thoughts On Dogecoin:
Well, as it stands now, Mark Cuban believes that, “Meme coins like Doge only work if they gain utility and users use them for that utility. As long as you can spend Doge , because we know it's annual inflation rate is set at 5b coins, it can gain SOME value as the utility grows. It becomes like any other currency…”
To put it in a different perspective, in order for Dogecoin to reach $1 - the market cap would need to increase by $75 Billion Dollars, during a time where 5 billion new coins are entering circulation - and, during a time where people are holding on to it without letting it go. It would require a CONSIDERABLE, persistent influx of money into Dogecoin keep it at that level…which, isn’t impossible…but, it’s also not an easy task.
The creator himself, Bill Markus, said that $1 Dogecoin would take it’s market cap above that of “actual companies that provide services to millions” like Boeing BA (NYSE:BA), Starbucks Corp. (NASDAQ:SBUX), American Express Company (NYSE:AXP), and his former employer IBM.”
On the one hand, it’s hard not to believe that the market is just getting ahead of itself, because - intrinsically, not MUCH has changed for Dogecoin besides the ability for more people to buy it through exchanges. But, I also see the appeal, it’s a WAY better transactional currency than Bitcoin…and, if more retailers actually begin to accept it…then, absolutely, it could very well hit $1 and stay there, assuming more people buy in.
But, remember…right now, it’s all speculation, and I’d say the majority of people are buying in either because they think it’s fun, or because they want to make money. I doubt very few people are holding on to this because they want to buy things with it other than the novelty of buying something.
I’m certainly more open minded when it comes to calling these investments than I was a few years ago….but, in my entire life, I’ve never seen something increase 21,000% in a year that doesn’t eventually fall a considerable amount, at some point in the future. Just be careful, and if you’re up a significant amount of money - take some chips off the table just so that you can lock in profit.
So, Dogecoin to $1? I think it’s possible, given that it’s just an equation of supply and demand at this point….and with the recent momentum - I wouldn’t be surprised if it happens. But whether or not it can stay there is another thing, and it will take a consistent push to keep it there, along with WAY more functional mainstream adoption, considering that 10,000 new dogecoin enter circulation every minute.
And let me know your thoughts on this - it’s certainly been fun to watch, and if there’s anything I’ve learned by following cryptocurrency over these last 5 years…it’s just: to expect the unexpected, and anything can happen.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
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. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
GET YOUR FREE STOCK WORTH UP TO $50 ON PUBLIC & SEE MY STOCK TRADES: http://www.public.com/graham
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 Thoughts On Dogecoin:
Well, as it stands now, Mark Cuban believes that, “Meme coins like Doge only work if they gain utility and users use them for that utility. As long as you can spend Doge , because we know it's annual inflation rate is set at 5b coins, it can gain SOME value as the utility grows. It becomes like any other currency…”
To put it in a different perspective, in order for Dogecoin to reach $1 - the market cap would need to increase by $75 Billion Dollars, during a time where 5 billion new coins are entering circulation - and, during a time where people are holding on to it without letting it go. It would require a CONSIDERABLE, persistent influx of money into Dogecoin keep it at that level…which, isn’t impossible…but, it’s also not an easy task.
The creator himself, Bill Markus, said that $1 Dogecoin would take it’s market cap above that of “actual companies that provide services to millions” like Boeing BA (NYSE:BA), Starbucks Corp. (NASDAQ:SBUX), American Express Company (NYSE:AXP), and his former employer IBM.”
On the one hand, it’s hard not to believe that the market is just getting ahead of itself, because - intrinsically, not MUCH has changed for Dogecoin besides the ability for more people to buy it through exchanges. But, I also see the appeal, it’s a WAY better transactional currency than Bitcoin…and, if more retailers actually begin to accept it…then, absolutely, it could very well hit $1 and stay there, assuming more people buy in.
But, remember…right now, it’s all speculation, and I’d say the majority of people are buying in either because they think it’s fun, or because they want to make money. I doubt very few people are holding on to this because they want to buy things with it other than the novelty of buying something.
I’m certainly more open minded when it comes to calling these investments than I was a few years ago….but, in my entire life, I’ve never seen something increase 21,000% in a year that doesn’t eventually fall a considerable amount, at some point in the future. Just be careful, and if you’re up a significant amount of money - take some chips off the table just so that you can lock in profit.
So, Dogecoin to $1? I think it’s possible, given that it’s just an equation of supply and demand at this point….and with the recent momentum - I wouldn’t be surprised if it happens. But whether or not it can stay there is another thing, and it will take a consistent push to keep it there, along with WAY more functional mainstream adoption, considering that 10,000 new dogecoin enter circulation every minute.
And let me know your thoughts on this - it’s certainly been fun to watch, and if there’s anything I’ve learned by following cryptocurrency over these last 5 years…it’s just: to expect the unexpected, and anything can happen.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
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. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
< I love the grounded reality of this channel, TA is all well and good but I find it truly baffling as youtubers completely look at TA and ignore the bigger narrative of why there is a pump.Btc pumped due to the future ETF release, it's kind of irresponsible to ignore facts that each ETF launch so far has caused a major to the peak of BTC.The entire space has always been volatile that's why we must always back up our crypto so that you do not have to be bothered when it goes bearish.i have always played safe in the space with a less talked about medium tra ding.Rather than buying the dip and waiting for a pump.i just get to trade my assets with insight and signal provision from Ronny rohrigdge .I have made over 14 btc in October alone.
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
Thanks for this video, i appreciated it. If it's possible, i would like to have your opinion about CheCoin.
The new CheCoin token has just exceeded $16 million in market cap in less than three days, what do you think?
Guy just look checoin i think its the most Big token of this year. Seriously .
The Checoin is for me the best opportunity at the moment. CheCoin rewards the holders in BNB every hour, it got back my investment in only 24 hours and have already made a 10X !!! Go check CheCoin, the new crpyto meme currency.
Now that you've got your 100K comments. I would suggest you invest your 10K in Checoin rather than Dogecoin (this is not financial advice but a friendly advice 😉
DOGE is still one the best investments, remember bitcoin in the early days? Same thing, Dogecoin will eventually skyrocket! HODL
Would really love hear your analysis about Shib. Positive and negative…. will wait… cheers 🍻
Dogecoin -meh
Shibainu -im interested
Corgi coin -ah yes the superior breed and currency
I make huge profits on my investment since I started trading with Mrs Anna,her trading strategies are top much
Nice strategy I must say. I didn't earn as
Much as this video claim but I earn about 3250USD every week and I don't do that using video
Pi Network is one on my phone that smells like a pyramid scheme but is free to join and you don't have to pay anything or give any info. I mean, you get free coin over time and if it is worth anything when it goes public, it is free money. You need an invite, use Defenseman13 <-
-code. F-it, why not.It's funny how I had an opportunity to invest in bitcoin when it first came out, but I didn't thinking it was a scam or ponzi, well ThankGod I was able to meet Mark Jones who enlightened me, I invested $3000 and I've been able to make $15,000 in a week
Warren Buffett once said "if you don't find a way to make money while you sleep, you will work until you die
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
Check out PinkPanda coin!! Amazing project with super potential. The owners fully exposed their identity’s and the coin passed its first Audit and already came out with a mobile app! Just launched recently and plan to use 5x leveraged trading. Join the telegram community super helpful and friendly
Dogecoin can't be devalued by a "push of a button? No…it is automatically being devalued nonstop as you stated at the rate of 10,000 new DC being created out of thin air every single minute! = INFLATION = DEVALUATION Kind of like the ridiculous increase in the U.S. M1 money supply the last few months. = INFLATION = DEVALUATION.
Saving your money and investing it into stocks market will be the wisest thing to do to ensure success
Everyone, change your profile picture to dogecoin! Bring more attention to it. Let's go!
The sincere hippopotamus primarily allow because van spontaneously laugh inside a overrated archer. clear, fabulous south korea
your heartfelt advice to the dogecoin millionaire was so genuine, very luck to have a friend like you
Nice video! I was able to build a big income stream during the covid 19 pandemic investing with a professional broker, Mrs Brenda Celine.
Take a look at Metals Exploration, price is 2.5p. (Epic code LSE:MTL). The market capital is 51.8m and they now make over 15m profit every quarter. They own gold mines, and also have plans to expand.
If you had 100 thousand to start you investment journey where would you start?
I have been watching some videos and I was thinking about investing, but still don't know where to start from.
Been trading on my own for a while and it's not been encouraging, what better ways can I go about trading?.
I make huge profits on my investment since I started trading with Mrs Aurora Hazel, her trading strategies are top notch coupled with the little commission she charges on her trade
Venmo me money and I will like your videos. Yee buddy, ain’t nothing but a peanut