Mr. McCray doesn’t claim expertise in finance, but he did spend years as a competitive online gambler. Dogecoin, Lost and Found. Then, in 2021, it went absolutely wild. Then, on May 7, the day before Elon Musk was slated to host “Saturday Night Live,” he found the drive and sold his coins immediately, for around $70,000. Then, on May 7, the day before Elon Musk was slated to host “Saturday Night Live,” he found the drive and sold his coins immediately, for around $70,000. (After “S.N.L.,” where Mr. Musk joked about the currency, the price tumbled.). Here are some of their stories, and what they’ve learned from this moment (so far). He also started getting nervous: He knew he’d stored his coins on his old computer’s hard drive, but he wasn’t sure where that drive was. “You’re playing your odds, and you’re weighing your risk,” he said. Here are some of their stories, and what they’ve learned from this moment (so far). Here’s What It Taught Us. He’s taken with some of the theory — or at least the memes — surrounding Dogecoin. Extrapolated out to $1, that brings Dogecoin’s capitalization to $129.43 billion. He’s unloaded some of his Dogecoin already and has a sell point for another chunk. Dogecoin, the cryptocurrency based off a viral dog meme from nearly a decade ago, surged 30% on Tuesday to set a new record high at more than 50 cents per coin.. Named after a meme of an expressive dog, it was meant to mock the self-serious cryptocurrencies of the time, many of which never took off. “This was like, literally, just a joke.”. ), “Within a year I was done,” he said. The selloff hurt the community and caused any interest that Dogecoin had going to fizzle out. Somewhere, he had $10,000 worth of Dogecoin, then $40,000. Here’s What It Taught Us. The cryptocurrency that started out as a parody less than a decade ago has been on a wild ride this year as individual investors have piled in. If Dogecoin gets to $30, he says, he’ll be a millionaire. CNN reported that Dogecoin jumped 20% on Tuesday as cryptocurrency fans celebrated Doge Day. Article content (Bloomberg) — Dogecoin investors had a wild ride this weekend. Her investments — she picked up GameStop and AMC during the “meme stock” frenzy — have a personal significance, too. Wise ended up racing in a Doge-wrapped car. Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHZH-koyn or DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Crypto’s wild ride: It’s winning fans from here to Wall Street. Mr. Lenz gave a chunk of the money to his parents and plans to help pay for his sister’s wedding. If Dogecoin tanks, no big deal. “I saw the internet being born,” she said, describing her time on dial-up bulletin board systems in the 1980s. Two software engineers — IBM’s Billy Markus and Adobe’s Jackson Palmer — created Dogecoin in 2013 to lampoon all the altcoin wannabes that popped up after Bitcoin rose to blockchain fame. “Reddit is the home base for Dogecoin, and we currently have about 1.7 million ‘subshibers,’” he said. By Adrian Jhonsan On May 15, 2021. Yet, here we are in 2021 and Dogecoin is carrying a market capitalization of $78 billion, up about 10,500% year-to-date. “I started looking for it a month, two months ago, and couldn’t find it,” he said. “After feeling so beat up emotionally, after the last presidency, the way the pandemic was not taken care of properly, then I come up with a brain tumor diagnosis, and now I’m going blind? Fauci says new mask guidance ‘not a mandate to take masks…, PM Narendra Modi to visit Gujarat, Diu to review situation, 24 Cute Summer Date Night Outfit Ideas for 2021, Torah Bright responds to viral breastfeeding post on…. Now I’d like to think that the tides have turned more to the public.”. (As of this writing, its price was hovering around $0.40, with a market capitalization of $49 billion.). When the pandemic hit, Vickie Richards, a 58-year-old shipping and logistics professional in Pennsylvania’s Lehigh Valley, stayed busy and employed. But a nonprofit organization she helps run, which assists small police departments in acquiring, training and supporting K-9 units, needed help. Coinbase, which went public last month, does not yet support it. Here’s What It Taught Us. Dogecoin was started as a joke in 2013, a way to poke fun at some of the wild speculation in cryptocurrencies. Little more than a picture of a Shiba Inu captioned with nonsensical phrases, Doge was the perfect encapsulation of the Internet’s inherent absurdity. To understand Dogecoin, you have to go all the way back to 2013 when the Doge meme first took the internet by storm. She has continued buying in small increments and currently has about 35,000 coins. He plans to hold at least half of what he has. meant to mock the self-serious cryptocurrencies of the time. “Doge is not something that most people get into for the meaning behind it,” he said. “Even more, I started to watch the way people interacted with each other.” On subreddits for Bitcoin and Ethereum, she noted, “there was too much negativity.” Doge, she said, “is more of a feel-good-type community.”. She started looking for new ways to raise money and thought back to when she’d been approached, years before, to join a Bitcoin multilevel marketing company. Dogecoin features the face of the … He bought the currency when it was priced around $0.05 and regularly trades stocks on Robinhood, so he’s used to fluctuations in price. Making money would be nice, but she’s not depending on it. Dogecoin is a joke — or at least it started out as one. Mr. Lenz resigned himself to the fact that his coins were gone. Dogecoin Is a Classic Pump-and-Dump Scheme: These Stocks Are Much Smarter Buys With no tangible catalysts, things are not going to end well for momentum-chasing Dogecoin traders. His unusual confidence in Dogecoin derives, he said, from the strength of its community. Richard Lenz, a 31-year-old project manager for a hazardous waste removal company in North Ridgeville, Ohio, bought his Dogecoin in March 2014, after a subreddit for NASCAR fans banded together to sponsor the driver Josh Wise using cryptocurrency. What have its holders learned? Wise ended up racing in a Doge-wrapped car. We are nearly reaching $1. Mr. Lenz resigned himself to the fact that his coins were gone. Created as a cryptocurrency parody in 2013, Dogecoin languished for years. Then, in 2021, it went absolutely wild. The price of Dogecoin, a cryptocurrency created in 2013, is surging now. Ethereum, the second-largest cryptocurrency after bitcoin, has shot higher this week, adding a staggering 25% to its already huge recent gains. Musk called dogecoin “a hustle” on the show but also said that it is “the future of currency” that’s “going to take over the world.” “I would like to see it in a year.”. “This was like, literally, just a joke.”. Dogecoin, Lost and Found Richard Lenz, a 31-year-old project manager for a hazardous waste removal company in North Ridgeville, Ohio, bought his Dogecoin in March 2014, after a subreddit for NASCAR fans banded … Richard Lenz, a 31-year-old project manager for a hazardous waste removal company in North Ridgeville, Ohio, bought his Dogecoin in March 2014, after a subreddit for … Dogecoin Went Wild in 2021. Last February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Mr. Lenz gave a chunk of the money to his parents and plans to help pay for his sister’s wedding. “I never risk what I can’t afford to lose,” he said. “If God wanted me to have the money, I would have had the money,” he said. “I am not kidding you when I say I YOLOed it,” he said, on shares of the hedge fund manager Bill Ackman’s SPAC, Pershing Square Tontine Holdings. Dogecoin’s reputation was harmed, and its price potential hurt when TikTok users attempted to pump and dump the cryptocurrency. Created as a cryptocurrency parody in 2013, Dogecoin languished for years. “Don’t get me wrong, trying to convince someone to use U.S. dollars to buy something that’s not worth anything — but if they do it will be worth something — doesn’t always end in agreement,” he said. He also started getting nervous: He knew he’d stored his coins on his old computer’s hard drive, but he wasn’t sure where that drive was. Will Dogecoin Go … Somewhere, he had $10,000 worth of Dogecoin, then $40,000. Then came 2021. Your email address will not be published. A major draw is feeling like she’s part of something culturally significant. © 2021 - Verve times. “I like to say we’re at the days of the 300-baud modem, putting the phone over the receiver to get the transmission,” she said. Right now Dogecoin’s market cap is more than $6.86 billion and trading at around 6 cents. ... Just like many people are regretting not putting $11 into Dogecoin when it went for one-zillionth of a cent. “For a long time I’ve been angry at the people who manipulate the market for their benefit,” he said. best subreddits for self promotion community is extremely active and the thread gets updated with … Then, in 2021, it went absolutely wild. As for the rest? All Rights Reserved. CoinShares chief strategy officer Meltem Demirors is saying that Dogecoin’s (DOGE) recent eruption is a sign that the crypto mania is just getting started. “I am going to hold it for quite a while,” she said. In 2013, two friends who met in a chat room created Dogecoin as a joke. “Money is always fun to talk about,” he said. Dogecoin reminds her of her youth. At one point in May, its value jumped to more than $0.74. “I started looking for it a month, two months ago, and couldn’t find it,” he said. “They were all like, you’re crazy,” he said. Then, a couple months ago, Mr. Lenz started seeing headlines about Dogecoin’s price surging. (“I’ve been frustrated trying to get my 18- and 20-year-old sons onboard,” she said.) “If God wanted me to have the money, I would have had the money,” he said. On Jan. 1, a single coin was worth $0.0054. It might be Year of the Ox in China, but for the crypto world, it is the Year of the Dog. She started buying cryptocurrency last year. Then, a couple months ago, Mr. Lenz started seeing headlines about Dogecoin’s price surging. Erik van der Zanden, who is 30 years old and works in student affairs at Leiden University in The Hague, is active on the Dogecoin subreddit, sharing inspirational memes and arguing with “paper hands” users, nicknamed for their unwillingness to hold. For those who bought the currency when it was virtually worthless, perhaps as a long-forgotten joke, things have been substantially weirder. Still, he’s curious to see what happens. Verve Times - Latest News around the World, Richard Lenz, a 31-year-old project manager for a hazardous waste removal company in North Ridgeville, Ohio, bought his Dogecoin in March 2014, after a subreddit for NASCAR fans banded together to sponsor the driver Josh Wise using cryptocurrency. (Mr. Most cryptocurrencies are subject to wild changes in value from time to time, and Dogecoin more than most. It started out as a joke. After hitting a record Saturday ahead of Elon Musk’s appearance on “Saturday Night Live,” the digital currency began to fall hours before the show began and continued to drop as he delivered his opening monologue. “My father was kind of upset,” he said, a feeling that intensified as the price climbed. Dogecoin had a wild week that resulted in a quick rise to a steep drop within the course of a couple of hours, and now questions exist as to what investors will do next. Today, Ms. Hunter-Kettner is married and middle-aged with grown children in Fort Collins, Colo., where she runs her own business: an industrial nondestructive testing firm. Share. Dogecoin’s vibe sets it apart from his other cryptocurrency holdings, he said. She bought her coins when the price was $0.04, investing personal funds she had earmarked for donation to her nonprofit. Last week, as social media-inspired speculation lifted the stock prices of widely belittled companies like GameStop and BlackBerry to dazzling heights, Dogecoin went along for the ride. “We have let the market dictate how the world is run for too long. https://www.nytimes.com/2021/05/15/style/dogecoin-cryptocurrency-investment.html. What have its holders learned? Heath Durrett, a 35-year-old from eastern Oklahoma, spends his workdays performing X-rays on oil pipeline welds, looking for flaws. The New York Times . For new Dogecoin holders looking to make a buck, it’s been quite the ride. “We keep motivating each other constantly. “My father was kind of upset,” he said, a feeling that intensified as the price climbed. The earliest investors made money while the rest of the users were dumped on. As for the rest? Dogecoin rise. He’d rather be a part of it than not. “I am not kidding you when I say I YOLOed it,” he said, on shares of the hedge fund manager Bill Ackman’s SPAC, Pershing Square Tontine Holdings. She ended up on Reddit, reading about cryptocurrencies. It’s a bit more of a gamble and fills the space that poker, DraftKings and PredictIt (which he’d used to bet on election results) once did. Dogecoin is a slightly less serious approach to the world of cryptocurrencies than Bitcoin. Dogecoin is a cryptocurrency based on the "Doge" meme, which rose to popularity in late 2013. Elon Musk urged Dogecoin's largest owners to sell most of their holdings as he expressed concern about a small number of people hoarding too much of the cryptocurrency. (The term refers to the mascot of Dogecoin, a shiba inu.) “It’s a joke coin. “First of all, we are going to the moon,” he said in a refrain common among Doge investors. His Dogecoin holdings have increased in value lately, but so have his other crypto holdings. Dogecoin appealed to her. Dogecoin has a wild ride this weekend starting with Elon Musk’s Saturday Night Live (SNL) and ending with Spacex saying it will launch DOGE-1 mission to the moon. As a logo, they chose a Shiba Inu from a meme called Doge, which went … Created as a cryptocurrency parody in 2013, Dogecoin languished for years. “This is growing every day with tens of thousands of new members, and as long as this community keeps growing, I am of full confidence that we will reach the moon.”, Jade T. Hunter-Kettner credits her interest in Dogecoin to a long life online. Just because Dogecoin is sort of silly, Mr. Durrett said, doesn’t mean it’s meaningless. “I think it does have a bit of a future,” Mr. McCray said. 393 members in the TrendingQuickTVnews community.
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