Hi guys it's Mark. So recently I made a huge mistake and it's time we addressed it.. Let me take you back a couple of weeks ago, when I made this video invested $ 100 in my favorite seven cryptocurrencies.. I made a profit on every investment..

However, there's one have overlooked and you didn't go easy on me in the comments.. Imagine if this video had Dogecoin hahaha, it would have shown a massive revenue. Surprise you didn't get any Dogecoin for the meme.. Dogecoin is up 317 % in one week enough said..

If I had invested $ 100 when I posted that video on the 28th of February 2021, when it was just under 5 cents per Dogecoin, then at the time of filming this video I'd have over $ 1,244.. So maybe it's such a great investment and how did I miss it? How did it rise so quickly And what's the truth behind this cryptocurrency that started as a joke, but it's now taken the world by storm.. We're gon na talk about all of this and for every positive point I mentioned I'm going to put aside $ 1,000 of my own money to invest., We'll add it all up and we're putting it together.. So if you're, just a beginner you'll know how you can get involved in all the madness, but you know what's even more mad, that live button hasn't been smashed yet for the YouTube algorithm.

To understand the rise of Dogecoin. We have to go back to 2013 when two software engineers, Billy Markus and Jackson Palmer, were joking around about combined in the Doge Meme, which was taking the internet by storm with Bitcoin to create what they dubbed Dogecoin.. It was all meant to be a joke about how there are so many of these alternative coins.. So why not something as silly as Dogecoin? To their surprise, it quickly gained support from the internet and became a reality..

Are you serious? Yes, I think this really demonstrates how powerful a meme can be.. They might look all innocent, especially as Doge Meme but they're visuals, that we can consume like candy.. They tell 1,000 words and can spread in a matter of days.. It's like a whole new language to me..

It wasn't around when I was younger, that's for sure.. In my opinion, people found the Doge Meme familiar in the beginning., And the price point was low enough that they felt safe, investing and taking part in the joke.. Therefore, Dogecoin was actually a lot of people's first experience. Of investing in cryptocurrency..

Dogecoins rise is amazing, loads of people, including the creators.. They never thought that it would reach this level of success. If they did, they probably would have held onto more of their Dogecoin. As famously one of its creator sold all of his Dogecoin to buy a used Honda civic in 2015..

I hope he's enjoying his sweet ride, even though they didn't predict the success.. They are pleased that, if nothing else, they've helped bring attention to cryptocurrency and made it less intimidating for new investors.. The main culture surrounding the creation of this coin is like no other. And, as we know, memes are powerful.

Just to put that into perspective. If I invested the same $ 100 into the stock market and gained an average of 10 % every year, then it would take 7.2 years to even double my money, let alone 12 exit, but that's only the average return of the stock market.. If you add individual stocks and the up and coming companies like Tesla or Apple seven years ago, you'd have far exceeded this return., And, with this in mind, Public.com are actually given away a free stock worth all the way up to $ 50. When you sign up and invest as little as $ 1., If you wan na pick that up I'll leave the link in the description.

And if you're in the UK, you can claim your free stock worth all the way out to £200 from free trade. Also, using the link below. Now we got ta talk about the next big factor in this crazy story. Dogecoin influencers.

People have more power than ever before, with the creation of the internet.. Anyone could start a YouTube channel and gain millions of subscribers in a matter of months.. In fact, YouTube is gaining more respect and we can see this by some running for political positions such as the Mayor of London and the Governor of California. Even people without a following have the potential to create huge effects on the markets., As we saw at the start of 2021, with the GameStop situation, where the small time investors banded together to take on the big hedge funds and many of them came out on top..

We're seeing a similar thing with Dogecoin, with huge influencers who have credibility constantly promoting the coin on their own social media platforms.. The biggest of these has to be Elon Musk, who has been dumped the Dogefather. Every time Elon makes a tweet. He causes the price to spike and lots of people are holding out in the hope for his appearance on `` Saturday Night Live'', and feel that the mere mention of Dogecoin will propel it to the moon..

You may feel that this may already be priced in considering this has hit the news. And, as the saying goes buy on the rumor sell on the news.. You may be watching this video after his appearance., So I wonder who's gon na be right. Other top Dogecoin influence includes Snoop Dogg Mark Cuban from `` Shark Tank'' and Mia Khalifa., Not that I know who that person is.

Will the rally come to a screaming halt? After this influencers move on to the next big thing: Well, not the Dogecoin community have anything to say about it, but Dogecoin community has taken on a life of its own.. They even had a Doge Day to create hype around the coin and managed to push the price of the coin. Past 42 cents.. They also have their own in jokes and have a shared mission to get Dogecoins to $ 1..

Their main base is on their Reddit page, where they post memes and advice for anyone. That's considering investing. One of these members called James Golan made a TikTok video that went viral.. The aim was to get people to band together and you guessed it to get Dogecoin to a dollar..

This $ 1 point seems to be one of the core driving factors of the group. And when reading through their Reddit page, I can feel that some people are nervous that when it reaches this target, there's gon na be a huge sell-off and the price might drop Through the floor., It all depends on what they call diamond hands and staying strong and holding the coin for as long as possible.. The movement has even created its own celebrities, such as the Dogecoin millionaire, who recently hit a high of $ 2.5 million. After investing his life savings into the coin, without being an expert., What makes him special is he's not actually that special.

He's a normal guy living a humble life who is willing to take a huge risk.? Some thought he was crazy, but who's laughing now.. This example. Just pushes the price higher as people can see his success and they want to replicate it. It's just fuels demand..

On top of this, he takes the diamond hand philosophy to a whole new level.. If I was in his position, I'd had sold long ago, or at least taken out. Some of them are profits.. More rocket fuel has come from Dogecoin becoming easier and easier to access and buy..

One of Dogecoins latest boost came when it was listed on the trading platform eToro, who opened a coin up to it's 20 million users worldwide, who then drove the coin to a new all time. High., Amazingly Doge fever caused the Robinhood app to crash, because so many people were using the platform to trade.. But what many people don't realize is that if you buy crypto on Robinhood, then it's actually stuck there. And if you wan na withdraw it, then you have no choice but to sell it., It's kind of like when you marry someone and you're stuck with a mother-in-law.

I'm only joking, you know, I love you Lorraine.. However, if you use an app like Binance, which is what I use to buy a lot of my coins and is actually the most popular crypto exchange in the world, then you can transfer your coins to any wallet. You want. Even this Ledger Nano X, which I personally keep in a safe place out of the reach of hackers and protected by my own safety keys..

As the old saying goes, not your keys, not your crypto., And by the way, if you wan na get 15 % of your trading fees on Binance, then I'll leave a link in the description.. The second largest crypto app Coinbase, has yet to include Dogecoin on its platform.. This is exciting because they have over 60 million users and, judging by what we saw by eToro and there 20 million users., This could have a big effect on the price of the coin. When these investors gain access., The influencers in the community can only take Dogecoin so far..

The real challenge it has to face is whether it can get adopted on a mass scale and has real world use. From a technical standpoint. It's actually a more usable currency than Bitcoin., For example. If you wanted to pay for something in Bitcoin for a transaction to process, it would like a Starfleet 10 minutes..

However, if you using Dogecoin, you could be out of the store within one minute of swipe in a Doge Card.. This is all down to the block times being much faster., There's also no cap to the amount of Dogecoins that are created, 14.4 million per day or 5.2 billion per year to be exact.. This means it's designed to be used and not a scarce resource to be huddled.. In fact, currently there are 48 companies in the USA, accepting Dogecoin, including the Dallas Mavericks basketball team, are allowing fans to buy tickets and merge..

Now. This is probably because they're owned by Billionaire Mark Cuban who he is a crypto currency fanatic.. Personally, I'm surprised that the father himself, Elon Musk, hasn't started accepting Dogecoin as a form of payments for Tesla, like he's done with Bitcoin, maybe as amusing tweets are enough to convince millions to invest, but not his own board members.. The big question here is: will more companies start accepting Dogecoin And if they do, will it be a serious long-term arrangement or just a short-term decision to gain media attention and make the most out of the current crazy situation? Maybe I'll start accepting Dogecoin in my business.? You heard that Forbes better start writing the article..

In my opinion, this is a low cost high risk investment with the potential for big returns so not currently being seen anywhere else.. I suspect the majority of people are purchasing Dogecoin, not because they wan na buy items with it in the future, but because they hope others will jump on the bandwagon and push the price up or with a plan to eventually sell off their coins and make a Load of easy money., But this is a dangerous game and if everyone is playing it, someone is gon na get burnt. With. That said, let's invest $ 10,000..

I just wan na make it clear, though this is money that I can afford to lose. And I think it'll make pretty good content to track its performance over the next couple of weeks.. This is in no way financial advice, a much more of a speculation than an investment. So for smaller amounts I usually buy on the Binance app and you can easily connect a debit card., But as we're doing $ 10,000, I'm gon na jump on the website.

I'm already signed in. But remember if you wan na, create an account the links in the description.. So I'm gon na go to my wallet and click Fiat, which is another word for currencies like the dollar.. So I'm gon na enter the amount and choose the faster payment option and then transfer it directly from my bank.

Account. Enter the amount I want to spend.. My maximum is $ 5,000., So I'm gon na make two payments. All done Dogecoin to the moon or maybe not we're already down..

So I'm gon na leave the next video right over there, but don't click on it. Just yet. Remember to subscribe and pick up your free stocks with the links in the description.. Okay, I'll see you over there.