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I am taking a different route in cannabis at the moment. It is a great big world
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I am considering selling Hitide. They have shuttered their store here at the top of Clifton Hill. I do understand the choice because the tourist industry in Niagara Falls has been shuttered for almost 2 years. So saving money on an asset that is not generating anything but costing much. Is a good choice. I do not know if the closure is permanent or if it is just saving money till the tourists come back. I am deciding still. Any light on the subject would be appreciated.
ALL IN big earners HITI and TCNNF ...
Are you back in cannabis yet? Stifel predicts a 60% chance the Safe act goes through. And November is usually a good month anyway
I assume you are on the DIDI discussion board?
Re: Didi Global. Interesting find. My first concerns are: 1. what's up with the class action lawsuits. 2. any concerns with investing in a company from China given the current state of political and global affairs? Do you have anything you can share on this? Thank you!
Coinbase (COIN) the big winner today. Back in DIDI.
Fair enough, I am not much of a trader. Good luck to you!
I believe Tilray will perform better in the next 2 months than Hollister. I like Hollister, but I also like TILT and left position. No MJ in my portfolio right now.
Do you think this will move faster short term than the cannabis space? This would have to move a lot to double my investment even as low as it is now. Hollister could triple at a dollar, which is more likely?
Excellent info, thank you!
NOW!!
At this price!! $9.40
BUY BUY BUY
CATB $2.02 Data Coming Tuesday **-> BOSTON, July 07, 2021--(BUSINESS WIRE)--Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a biopharmaceutical company, today announced that Jill C. Milne, Ph.D., Chief Executive Officer, will present a corporate overview and provide information on its lead program QLS-215, which is in preclinical development for the treatment of hereditary angioedema, at the upcoming virtual Ladenburg Thalmann Healthcare Conference. The presentation will take place on Tuesday, July 13th, 2021 at 12:30pm ET.
COMPARISON 1933 INDUSTRIES VS TILT HOLDINGS
1933 Industries TGIFF
Last quarterly revenue $3.37M
Adjusted EBITDA $1.40M
Shares outstanding 412,628,523
Net loss/gain $582,673
Cash and cash equivalent $5.9M
Long term liability $19.29M
Price per share $0.08
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1.58M>
Cash and cash equivalent $9M
Long term liability $102.7M
Price per share $0.50
1933 might be worth another look…….at ten cents a share…and Vegas is opening back up…. And they are focusing on premium flower and concentrates, it could be a thing. Things change so fast in this industry!
https://markets.qtrade.ca/news/story?article=76ffbf62e0809f98#76ffbf62e0809f98
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That has been a fact for years.
Their mantra is simple. GROWTH!!
One interesting note, Curaleaf which is touted as an industry leader has a balance sheet that looks just as crappy and it is trading at $17 lol! This is a wee baby industry.
Adjusted EBITDA of $6.2 Million
Gross margin 29% of revenue
With the sales of vape equipment and finished oil, you can understand the slimmer profit margin
Net income ($1.579) Million
Dang near break even. This is huge. Not too many Cannabis companies reporting a profit (Trulieve, Cresco, etc)
I listened to the investor call again and it sounds great. I understood him to say their operations are fully funded through sales for years, yet I look at their financials for 2020 and their cost of good sold (what I understand to be how much it costs to make the products) million of dollars higher than their sales. It also lists their ebit as -63 million. The loss is lower than the 145 mil in 2019 but it just seems off to me. The reporting of the US companies income as earnings before tax means they do not show what they lose to that pesky 280e filing that does not let them write off their business expenses on the plant touching side of the biz. I do like their focus on CPG and supporting brands rather than trying to reinvent the wheel tho! They also only made 10 million more in sales in 2020 than they did in 2019. Considering the growth of the industry in the past year that seems low. I think it is worth throwing a few bucks at it would not hurt. You are the chart guy and if you see promise on that front that is cool. I think HighTide will be more solid once the dust settles from their r/s and uplist but we can have a little bit of all the new companies can’t we? ;)
TILT HOLDINGS, INC. (TILT:CNSX )
0.59 0.00 | 0.00% Volume: 0 Bid (size): 0.59 (3,000) Ask (size): 0.60 (1,000)
+Add To Watchlist + Create Alert 3:49 PM ET 07/02/2021
Buy Sell
OverviewChartsNewsOptionsFundamentalsEarnings & RatingsFinancialsShareholdersResearch
Balance Sheet (Annual)Balance Sheet (Quarterly)Income Statement (Annual)Income Statement (Quarterly)
Dec 2020 Dec 2019 Dec 2018 Nov 2017
All dollar amounts in Millions except per ratios.
Sales/Revenue 212.47 202.93 4.54 0.00
Cost of Goods Sold (COGS) incl D&A 244.65 348.30 51.69 0.00
Cost of Goods Sold excluding D&A 219.81 311.47 50.84 0.00
Depreciation & Amortization 24.84 36.83 0.84 0.00
Depreciation N/A 9.75 0.42 0.00
Amortization of Intangibles N/A 27.08 0.42 0.00
Amortization of Deferred Charges 0.00 0.00 0.00 0.00
Gross Income -32.17 -145.36 -47.15 0.00
Selling, General & Administrative Expense 31.57 39.25 20.77 0.06
Research & Development 0.08 N/A N/A N/A
Other Selling, General & Administrative Expense 31.49 39.25 20.77 0.06
Other Operating Expense 0.00 -1.88 1.84 0.00
EBIT (Operating Income) -63.74 -182.73 -69.76 -0.06
Non-Operating Income (Expense) 6.46 4.94 2.71 0.00
Non-Operating Interest Income 5.14 4.35 2.85 0.00
Equity in Earnings of Affiliates 0.00 0.00 0.00 0.00
Reserves Increase (Decrease) 0.00 0.00 0.00 0.00
Other Income (Expense) 1.32 0.58 -0.14 0.00
Interest Expense 14.08 18.33 0.00 0.00
Gross Interest Expense 14.08 18.33 0.00 0.00
Interest Capitalized 0.00 0.00 0.00 0.00
Unusual Expense 5.30 -10.31 645.93 N/A
Impairments 45.89 29.94 640.88 N/A
Loss due to impairment of goodwill 26.05 4.77 640.88 0.00
Loss due to impairment of intangible assets 6.29 18.11 0.00 0.00
Property, Plant & Equipment - Impairment 13.55 7.06 N/A N/A
Financial Fixed Assets - Impairment N/A N/A N/A N/A
Exceptional Provisions N/A N/A N/A 0.00
Restructuring Expense 0.00 3.24 5.25 0.00
Legal Claim Expense N/A N/A N/A N/A
Unrealized Valuation Gain/Loss 62.99 49.70 0.20 N/A
Investments -0.45 N/A N/A N/A
Unrealized Valuation Gain/Loss N/A N/A N/A N/A
Biological Assets 63.44 49.70 0.20 N/A
Hedges/Derivatives N/A N/A N/A N/A
Other Intangibles N/A N/A N/A N/A
Exceptional Charges - Other 22.39 6.22 N/A N/A
Restructuring of Debt 22.39 6.22 N/A N/A
Early Termination of Contracts Costs (Income) N/A N/A N/A N/A
Acquired In-Process R&D N/A N/A N/A N/A
Calamitous Events N/A N/A N/A N/A
Accelerated Depreciation N/A N/A N/A N/A
Other Unusual Expense N/A N/A N/A N/A
Pretax Income -76.66 -185.81 -712.97 -0.06
Income Taxes -6.76 -8.84 0.06 0.00
Income Tax - Current - Domestic -0.75 3.14 0.00 0.00
Income Tax - Current - Foreign 1.21 0.00 0.00 0.00
Income Tax - Deferred - Domestic (incl. local) -7.22 -11.97 0.06 0.00
Income Tax - Deferred - Foreign 0.00 0.00 0.00 0.00
Income Tax Credits 0.00 0.00 0.00 0.00
Equity in Earnings of Affiliates 0.00 0.00 0.00 0.00
Other After Tax Adjustments 0.00 0.00 0.00 0.00
Consolidated Net Income -69.89 -176.97 -713.04 -0.06
Minority Interest Expense 0.00 0.00 0.00 0.00
Net Income -69.89 -176.97 -713.04 -0.06
Discontinued Operations -71.96 0.00 0.00 0.00
Preferred Dividends 0.00 0.00 0.00 0.00
Net Income Avail to Common - Basic -141.85 -176.97 -713.04 -0.06
EPS - Diluted - Before Unusual Expense -0.38 -0.52 -0.95 0.00
EPS - Basic - Before Extraordinaries -0.39 -0.50 -2.59 0.00
Basic Shares Outstanding 364.56 355.84 275.35 23.44
Total Shares Outstanding 367.18 362.28 275.35 1.09
EPS - Fully Diluted -0.39 -0.50 -2.59 0.00
Diluted Shares Outstanding 364.56 355.84 275.35 23.44
Total Shares Outstanding 367.18 362.28 275.35 1.09
Earnings Persistence 76.78 60.46 0.00 46.19
Dividends per Share 0.00 0.00 0.00 0.00
Payout Ratio N/A N/A N/A N/A
EBITDA -38.90 -145.90 -68.92 -0.06
EBIT (Operating Income) -63.74 -182.73 -69.76 -0.06
Depreciation & Amortization N/A N/A N/A N/A
Rental/Operating Lease Expense 0.81 1.32 0.90 N/A
Stock Option Compensation Expense 4.11 73.76 27.60 N/A
Foreign Currency Adjustment (Net) 0.00 0.10 -0.14 N/A
Tax Rate N/A N/A N/A N/A
Ordinary Income N/A N/A N/A N/A
Headline EPS N/A N/A N/A N/A
Headline EPS (diluted) N/A
COMPARISON SUNDIAL GROWERS VS TILT HOLDINGS
Sundial SNDL
Last quarterly revenue $11.7M
Adjusted EBITDA $3.3M
Shares outstanding 918,844,000
Net loss/gain <$134,000,000>
Price per share $0.92
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1,579,000>
Price per share $0.50
COMPARISON MEDMEN VS TILT HOLDINGS
MedMen MMNFF
Last quarterly revenue $37.8M
Adjusted EBITDA $8.5M
Shares outstanding 699,910,000
Net loss/gain <$9,700,000>
Cash and cash equivalent $12.3M
Price per share $0.255
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1,579,000>
Cash and cash equivalent $9M
Price per share $0.50
COMPARISON PLANET 13 VS TILT HOLDINGS
Planet 13 PLNHF
Last quarterly revenue $23.8M
Adjusted EBITDA $5,2M
Shares outstanding 196,391,908
Net loss/gain $400,000
Cash and cash equivalent $141M
Price per share $6.68
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1,579,000>
Cash and cash equivalent $9M
Price per share $0.50
COMPARISON VALENS VS TILT HOLDINGS
The Valens Group VLNCF
Last quarterly revenue $20.0M
Adjusted EBITDA <$2.2M>
Shares outstanding 159,747,768
Net loss/gain <$5,647,000 >
Debt $13M
Cash and cash equivalent $43.3M
Price per share $2.53
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1,579,000>
Debt $87M
Cash and cash equivalent $9M
Price per share $0.50
COMPARISON FIRE AND FLOWER VS TILT HOLDINGS
Fire and Flower FFLWF
Last quarterly revenue $44.1M
Adjusted EBITDA $2.3M
Shares outstanding 333,308,945
Net loss/gain <$61,598,000>
Cash and cash equivalent $32.7M
Price per share $0.86
TILT Holdings TLLTF
Last quarterly revenue $46.8M
Adjusted EBITDA $6.2M
Shares outstanding 325,668,294
Net loss/gain <$1,579,000>
Cash and cash equivalent $9M
Price per share $0.50
You have been spot on many times :) I will give them another look
Very interesting! Thanks :) Ive been out of the loop lately
Excellent overview :) I agree with you wholeheartedly! Take a look at the 1920’s and extrapolate forward to the 2020’s it is a societal pivot that we are witnessing but we have a blueprint. The rise of combustion engines over (real) horse power and the end of alcohol prohibition are now 100 years later the rise of EV/renewables and the end of cannabis prohibition. History repeats and we can benefit by learning it. You are right about cannabis. The flower of high quality will always have a place, beyond that, cannabis will be commoditized and sold by the bushel. You might want to take a look at the canadian plays again. There is finally a market here that will allow access to the plant that has been technically legal for almost 4 years. I would not touch the “big 4” now 3 with a 10 foot pole but a couple of smaller companies have some good potential. Hightide once the dust settles and Aleafia because of their 10 year deal with the union UNIFOR is huge! The US companies have so much crap to deal with that looks like it will take years to get rid of slow them down imo. 280e, descheduling, interstate commerce are all continuous challenges.
Cannabis it the best haven still, it is just the companies outside the US that are making good progress. The Mexican supreme court struck down the law since the legislators took too long to amend it and as I say, the canadian market tho only the size of California, is finally starting to roll. I see another possible hazard in the future of the msos, they are obliged to build assets in each state. The same thing happened in canada with the early movers. They were left with greenhouses and many other things they paid far too much for and they are still writing down at the expense of their share price. There are many opportunities! We must be cautious in our choices. I really like TAAT, Ideanomics, Aleafia, and Khiron at the moment. The only US plays I have at the moment are Hollister and Chalice brands. I find they are reasonably priced and have good prospects
Ssy $3.00
IPO
CPOP
Pop Culture
54.45 +24.15 79.7% 1,211,099
DBGI $3.44 Pending LOI to Aquire stateside !
June 15, 2021 - 8:30 am
AUSTIN, Texas, June 15, 2021 -- DBG, Inc (NASDAQ: DBGI), a digitally first portfolio company, today announced that it has signed a non-binding letter of intent to acquire Stateside, a privately-owned global elevated basics brand.
——>The parties intend to enter into a binding agreement within the next thirty days, with the closing envisaged in the third quarter of 2021.
These are just a few of many coins that operate on a limited supply:
Litecoin LTC (84 million)
Ripple XRP (100 billion)
Dash DASH (18.9 million)
IOTA MIOTA (2.8 billion)
Zcash ZEC (21 million)
EOS EOS (1 billion)
AntShares-NEO (100 million)
BitShares BTS (100 million)
Stem Cell SCC (250 million)
Veritaseum VERI (100 million)
Bitcoin BTC (21 million)
ICON ICON (800 million)
Cardano ADA (45 billion)
Stellar XLM (50 billion)
Chain Link LINK (1 billion)
INTERESTING READ ...
Dogecoins are limitless, and that’s a good thing
Unlike Bitcoin, Dogecoin doesn't have a limit to the amount of currency in the system at one time.
Aaron Sankin Aaron Sankin Business Published Feb 5, 2014 Updated Mar 2, 2020, 9:21 am CST
From the beginning, boosters of Dogecoin have said the meme-themed cryptocurrency was different from all the others. Many of the other major currencies, like Bitcoin and Litecoin, have a hard cap on the number of coins that can be created; when Bitcoin hits 21 million coins in 2140, no more new units of the currency will even come onto the market.
Dogecoin, on the other hand, will go on creating new coins forever—making it more akin to currencies issued central banks. It’s a decision that was written into the system’s original code and, after months of intense debate, recently reaffirmed by a post on collaborative development web-hosting platform Github by Dogecoin creator Jackson Palmer.
There are a couple of reasons behind the decision. The first is that Palmer was hoping to ensure the health of the Dogecoin network itself.
All cryptocurrencies use a public ledger in which all transactions as a way to ensure that someone doesn’t get away with attempting to spend a single coin multiple times. Since there’s no central financial institution through which transactions flow, that ledger is maintained by computers around the world running software that logs all new transactions.
New coins enter the market through a process called mining. Using an elaborate guessing game of solving incredibly complex mathematical equations, one group of miners somewhere on the system is rewarded with a block of freshly minted currency every so often. For cryptocurrencies with a limited supply, the rate at which new coins are generated gradually slows over time until it hits zero.
In an email to the Daily Dot, Palmer explained that placing a cap on the final number coins has the potential to make the rewards for mining Dogecoins so small (or non-existent) that there won’t be enough miners to keep the system running.
The sad reality is that a lot of the hash rate on alt-coin networks comes from multi-poolers who are mining coins then instantly cashing out—they just go after whatever is most profitable,” Palmer wrote. As block rewards get lower and lower over time, these guys disappear and move on to a newer, more profitable alt-coin. This is the fate of most coins coming on the market (and why you see them popping up and dying every day). By keeping the reward there, the hope is that a number of miners will remain and keep the network running into the future.”
If it costs more U.S. dollars to mine a Bitcoin than I’m being rewarded for solving a block, where’s the incentive for *anyone* to do so?” Palmer continued. I’d like to hope there are some kind hearts out there who’ll continue to point their hashing power at the network just because they believe in the currency, but I think we can all recognize that the bulk of miners are into cryptocurrency for the profit in U.S. dollars they can make.”
There’s also another benefit to reaffirming that dogecoins will be mined for perpetuity, one that’s elemental to the very nature of the culture surrounding Dogecoin. To understand that, it’s important to step back for a moment and look at what it means to have a cap.
Currencies with a hard limit on the number of coins that will enter circulation are labeled “deflationary” because they’re designed to increase in value over time as adoption picks up and new coins entering the ecosystem can’t keep pace. Over the past six months, the price of Bitcoin has quadrupled—from $200 to $800 USD—because demand for the currency far outpaced the supply of new bitcoins coming onto the market, which is currently happening at only half the rate it was when the currency was first launched in 2009. Imagine how much the price would have swung up if there were no new bitcoins coming onto the market.
Deflationary currencies are great for early adopters who want to use a cryptocurrency as an investment vehicle, because there’s a reasonable expectation that its value will increase over time. But a constant, expected increase in value also has a downside—hoarding. If someone is holding currency they know is going to increase in value, they have an incentive to hold onto it. This strategy works well for assets like stocks, but no one is trying to build a global payments network exclusively using shares of Exxon Mobil.
The deflation issue has already hampered some business attempting to deal in Bitcoin. In an interview with Wired, Michal Handerhan, the co-founder BitcoinShop.us, a Bitcoin-only online retail portal attempting to become the Amazon.com of Bitcoin,” explained how he saw a 20 percent dip in sales right in the heart of Bitcoin’s most dramatic price spike. “People are holding their bitcoins and won’t let go,” Handerhan complained.
While hoarding-related volatility is a minor roadblock in the way of Bitcoin’s widespread adoption, it could be disastrous for Dogecoin.
Dogecoin is known primarily for two things: One, being named after one of the few 2013 memes that weren’t annoying, and two, having an incredibly high transaction volume. Dogecoins move from person to person at a rate far higher than any other cryptocurrency. The value of all the Dogecoins in existence is currently just under $50 million USD, but users sent each other over $300 million USD worth of the currency in just the past 24 hours. The majority of this transaction activity comes in the form of users donating Dogecoins to each other, either by giving to charity or tipping each other with the help of automated bots on social media sites like Twitter and Reddit.
Much of this free flow of Dogecoin can be attributed to a single coin only being worth a fraction of a penny, making the act of tipping someone for making a clever comment on Reddit only a tiny bit more consequential than hitting the "upvote” button. However, a lot of it also has to do with the good-natured, communal culture that’s arisen surrounding the currency.
Adding more units to the money supply (a.k.a. monetary inflation) doesn’t necessarily mean each unit of currency will be worth less (a.k.a. price inflation). While the two don’t often go hand-in-hand, price inflation typically follows monetary inflation if money is being pumped into the system without a concurrent expansion in economic activity. Basically, the amount of money in an economy should ideally grow at about the same rate as the economy itself.
A little bit of price inflation, however, is often seen as healthy for an economy. Since people know that the unit of currency sitting in their pocket is slowly becoming less valuable the longer they keep it there, they have an incentive to spend it—an act that makes an economy grow.
That doesn’t mean there aren’t risks to picking the inflationary model. The next logical step in Dogecoin’s evolution is turning it into a commercial platform over which products can be bought and sold. Currently, only a small handful of merchants accept Dogecoin, but there are efforts to expand that base. If the value of a dogecoin drops to a level far lower than what it is now, it’s unlikely to make that jump from a cute novelty to a currency real people actually use to do things like order pizza or buy shampoo.
The key is for the currency to hit that inflationary sweet spot.
“As long as it’s at a steady and predictable rate, you would want that inflation rate to more or less match the growth of the global economy,” James Angel, a finance professor at Georgetown University, told Ars Technica. “In order for a currency to survive, it’s got to be useful. One of the problems we learned with gold standard was that it’s too inflexible—it takes too long for gold miners to dig it up out of the ground. Having a nice, steady, predictable money supply is actually a good thing.”
One positive sign for Dogecoin to keep inflation at a healthy rate, despite a constant projected expansion of the overall number of coins, is that, while virtual currencies technically last forever, a significant number of them simply become lost. The most famous example of lost bitcoins is the sad tale of James Howells, who accidentally threw $7.5 million worth of bitcoins in the trash when he disposed of an old hard drive containing 7,500 units of the currency that purchased for a mere $6 a few months after Bitcoin first debuted.
Palmer insists that, even though there’s been some griping from Dogecoin holders about inflation, the community has been largely supportive. Overall, the response has been positive because we followed what the community was saying—they want Dogecoin to continue,” he noted. A coin that nobody mines is a dead coin, so by keeping the incentive there (be it with fairly low rewards) past the target cap, we hope that Dogecoin can continue into the future rather than just dying like the majority of other alt-coins. We’re having way too much fun as a community for this to just die off.”
An Introduction to Dogecoin, The Meme Cryptocurrency
Forbes Advisor
By David Rodeck, Benjamin Curry
Updated: Apr 20, 2021
Dogecoin is a cryptocurrency, like Bitcoin or Ethereum, although it’s a very different animal than either of these popular coins. Dogecoin was originally created at least in part as a lighthearted joke for crypto enthusiasts, and took its name from a once-popular meme. Despite this unusual origin story, it has exploded in popularity in 2021 as of this writing, Dogecoin has become the fifth-largest cryptocurrency by market cap.
What is Dogecoin?
Software engineers Billy Marcus and Jackson Palmer created Dogecoin in late 2013. Palmer branded the cryptocurrency’s logo using a meme popular at the time that featured the deliberately misspelled word “doge” to describe a Shiba Inu dog.
“Doge was really started to poke fun at Bitcoin,” said Pat White, CEO of Bitwave. In its early days, a community of enthusiasts arranged publicity stunts to raise Dogecoin’s profile, gathering funds to send the Jamaican Bobsleigh team to the 2014 Olympics, for instance, or sponsoring a NASCAR driver.
In early 2021, Dogecoin gained cult status on Reddit’s WallStreetBets message board, the prime instigator behind the GameStop affair in January where enthusiasts had promised to propel its value “to the moon” (that was before all discussion of crypto was banned on the subreddit).
Today Dogecoin is no joke, having exploded in value and gained more than 5,000% in 2021. Among its boosters is Tesla CEO Elon Musk, who called Dogecoin his favorite cryptocurrency. Musk also named Dogecoin the “people’s crypto,” and promised to plant a physical Dogecoin token on the moon.
How Does Dogecoin Work?
Dogecoin is a cryptocurrency that runs on blockchain technology, similar to Bitcoin and Ethereum. Blockchain is a distributed, secure digital ledger that stores all transactions made using a decentralized digital currency.
All holders carry an identical copy of the Dogecoin blockchain ledger, which is frequently updated with all new transactions in the cryptocurrency. Like other cryptocurrencies, Dogecoin’s blockchain network uses cryptography to keep all transactions secure.
People called miners use computers to solve complex mathematical equations in order to process transactions and record them on the Dogecoin blockchain, a so-called “proof of work” system. In exchange for processing transactions and supporting the blockchain ledger, miners earn additional Dogecoin, which they can then hold or sell on the open market.
Dogecoin may be used for payments and purchases, but it’s not a very effective store of value. This is chiefly because there is no lifetime cap on the number of Dogecoins that may be created by mining—meaning that the cryptocurrency is highly inflationary, by design. The blockchain rewards miners for their work by creating millions of new Dogecoins every day, which makes it very challenging for speculative price gains in Dogecoin to hold up over time.
Dogecoin vs. Bitcoin
Dogecoin has a few significant differences compared to Bitcoin. First, it’s quicker and easier for miners to complete the mathematical equations that complete and record transactions on the transactions, which makes Dogecoin somewhat more efficient for processing payments.
“Where it takes 10 minutes for the process to ratify new blocks on the Bitcoin blockchain, it takes only one minute on the Dogecoin blockchain,” said Gary DeWaal, Chair of Katten’s Financial Markets and Regulation group.
Another significant difference is the absence of any lifetime cap on the number of Dogecoins that can be created, as we noted above. There is a lifetime cap of 21 million Bitcoin that limits the maximum possible number of coins that can be created. This means that miners are forced to work harder and longer over time to earn new Bitcoin, and to a degree it helps guarantee Bitcoin’s ability to hold and grow its value over time.
How to Buy Dogecoin
You can buy Dogecoin on a cryptocurrency exchange like Binance or Kraken. The exchanges require you to set up and fund an account with U.S. dollars or crypocurrency. You then are able to buy and exchange cryptocurrencies, including Dogecoin.
Some online brokers, including Robinhood and TradeStation, also allow you to buy Dogecoin in addition to conventional assets like stocks, mutual funds and bonds. They don’t offer as many of the cryptocurrencies as exchanges, but Dogecoin is generally available.
As with other cryptocurrencies, once you’ve purchased Dogecoin it’s best to move your coins to a crypto wallet. Wallets take many forms, from online services offered by exchanges like Coinbase, to apps on your mobile device or even a physical hard drive. You secure the wallet with a private password. Since your coins are held outside of an exchange, there’s an extra layer of protection against hacks.
Before Dogecoin broke out into the mainstream and rocketed higher in price, you used to be able to earn free coins for doing basic tasks online.
“For many years, you could perform tasks at Dogecoin ‘faucets’ to earn Dogecoin instead of buying it,” said C. Neil Gray, partner in the fintech practice areas at Duane Morris LLP. “The tasks included things like watching an advertisement or taking a survey. More recently, it’s become difficult to find any that work.”
Is Dogecoin a Good Investment?
Since there is no lifetime limit on the number of Dogecoins that can exist, and millions of new Dogecoins are released onto the markets every single day, there is very little incentive to hold the cryptocurrency for the long term. Bitcoin continues to rise in value because of the system’s lifetime cap on the number of coins that can be created.
“Doge really is less like Bitcoin and more like DASH or Bitcoin Cash, where the express goal is a spending currency,” said White.
Historically, the per coin value of Dogecoin has been very low, around $0.003 per coin for most of 2020, so people were more likely to give them away. “Users on social platforms, like Reddit, Twitter, Facebook, and others, can use Dogecoin to reward, or “tip,” each other for posting content,” said Gray.
The gains in Dogecoin that have been seen in 2021 may not be sustainable over the longer term. Whether the crypto’s tipping and donating culture will continue remains to be seen.
Should You Buy Dogecoin?
Those who bought Dogecoin to start 2021 have been well rewarded. Still, White is a little wary about buying Dogecoin, especially as an investment. The constant flow of new coins onto the market put unending downward pressure on the coin’s value.
White also warned about additional security risks for Dogecoin, compared to other major cryptocurrencies. “It just hasn’t had the same security and code-level scrutiny that Bitcoin or Ethereum has. Plus, there’s just not a particularly robust mining community around Doge, so the exposure for a mining level attack is well above that of something like Bitcoin.”
Buying any sort of cryptocurrency involves risk, and that includes Dogecoin. It’s always worth buying a few coins and familiarizing yourself with the system but it’s probably best to refrain from sinking more than a token amount of your hard-earned money in a cryptocurrency that started life as a joke.
FORWARD STOCK SPLITS
I believe it is about having a mindset going in. I knew there were opportunities in forward stock splits. It takes very little study to prepare yourself. Pick out the names you would jump in if they announced a split.
Roughly, you want to immediately invest and hold for approximately 1 to 2 months after the split.
If I had done this work, I believe NVDA would have been on my list. The second the split was announced, "bamm", I would have pounced!!
NETFLIX
AMAZON
ALPHABET
BOOKING
SHOPIFY
CHIPOLE
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Decarbonization Plus Acquisition Corp
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Coinbase (COIN)
After 35+ years of investing, you get "hunches", "feelings", and a "feel for a security." I feel like COIN is a volcano, simmering, ready to erupt at any moment.
Again, for those of you who are uncertain, you can skip the first $25.00 per share in appreciation and jump in at the confirmed reversal point of, what I have now determined to be, $245 per share.
There should be a separate board for options, puts, calls, warrants.
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