Quote (KRR @ Apr 21 2021 12:38am)
In 2021? Yes as long as it has hype.
Kids these days are retarded and will pump the chit outta some meme coins.
Their only problem is they are mostly weak mentally and paper hands at a loss
Ah. I wasn't aware that 2021 cracked the code on speculative bubbles.
There is a finite amount of money that can serve as inflow. When that's exhausted, the price will decline, outflows lead to losses, which leads to more outflows. The price declines to nothing and bag-holders are left with a meme and the friends they made along the way.
There is a reasonable argument to be made for ETH and BTC having some kind of value. At their current price point? Maybe or maybe not, but there's an underlying thesis as to why they exist.
What does Dogecoin offer that these better capitalized early adopters don't? "An infinite number of infinitely financed investors/kids will push the price up forever" is not a very good thesis.