RE: What To Make Of DOGE
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It seems everyone is talking about it and, to the crypto community, that might be its highest value.
The interesting thing will be when the fad dies down and people move onto talking about another altcoin. Will DOGE then start to lose value (and another altcoin will take it's place in the popularity stakes and rise high)?
Public perception is a powerful thing. If Bezos, Gates, and Zuckerberg all suddenly supported "MYCOIN" (fictional) would it suddenly increase?
Their 1,000,000 tokens at $1 each would suddenly rise to $4 each. Sell off 25% of your tokens and you have reclaimed your original investment, and you can say that you are still supporting "MYCOIN" with 75% of your tokens. A good game for the whales to play!
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That is a good question that we will have to see how it pans out. Will the attention dying down totally crush the price?
We know celebrities carry a lot of weight with people. I wouldnt by a crypto because Musk or Bezos is talking about it but that is me. I didnt buy Ethereum because Cuban is bullish on it.
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