The coin with the Shiba Inu on it. The Dogecoin started as a currency for fun, but now the “cryptocurrency” phenomenon is living up to its expectations again.
Cryptocurrencies are electronic and anonymously sent currencies. I guess almost everyone has heard of the Bitcoin when it hit $1000 in Dezember 2013. To have a comparison: In January 2013, the Bitcoin was a little below $20.
You can get Cryptocurrencies by letting your computer solve complicated calculations as a kind of “wage” or you can buy it on trading platforms like btc-e, kraken or Cryptsy.
The Dogecoin resembles a meme, one that is about an image of a Shiba Inu with words like “wow, such achievement, awesome, so money” on it. So what makes this strange Dogecoin, which is just a laughable meme so interesting?
Well, I have no idea. And there’s barely any other Shibe (that’s what we Dogecoin “Investors” call ourselves) who knows. No one really knows what he’s doing and is just having fun with trading tiny amounts of money like $5. You can chat, cry, celebrate and gift on www.reddit.com/r/dogecoin.
Everyone’s trading, everyone’s gifting Dogecoin to each other and there are even some bakers, pizza shops and online stores which accept Dogecoin. As a matter of fact, the amount of Dogecoins traded daily often exceeds the amount of the actual value of all Dogecoins!
Some popular German magazines like der Spiegel or Die Zeit already noticed that.
While the Bitcoin has been following the traditional “Bubble Pattern”, you don’t really understand why the current Dogecoin chart is the way it just is.
And now we’re getting back to the important aspect: Nobody knows what’s going on, why it’s happening, for what cause it happens and what you should do in that moment. You just go to Reddit, gift a few Dogecoins and hope we will soon hit the moon!
With this in mind, overhead is a Shiba Inu training for his first trip to the moon!
Image Sources:
Featured Image: http://www.bitcoinparagon.com/
1st Image in the Article: http://www.bandwidthblog.com/
2nd Image in the Article:
