DogeCoin (DOGEUSD)

[lil lar]

News article today. DOGECOIN is worst than BITCOIN

Bloomberg........Except right now, the price of Bitcoin isn't rational, and it isn't based on any sort of intrinsic value. It's not even functioning as a currency. For a currency to be useful, it has to be relatively stable and reliable. The value of Bitcoin is so volatile that it isn't useful at all of transactions.

No one in their right mind would use Bitcoin to pay for anything unless you think the value is going to continue to plummet. But, if that's the case, no one is going to accept it. For Bitcoin to function as a currency, both parties have to think it will remain stable and reliable.


Right now, Bitcoin is neither of those things, and that's in large part because of Musk's tweets.

That's a problem for the millions of people who follow him on Twitter, almost none of whom are billionaires, or even millionaires. And, for those who have invested in Bitcoin, Musk's tweets have no doubt caused more than a few headaches.

Essentially, people who are buying Bitcoin aren't buying a currency--they're buying the hype. The problem is, when the hype is based on one person--even if you think he's the smartest person on earth--it's a really bad idea.