The Crypto Dilemma, To Buy or Not To Buy, That is the Question
The crypto dilemma, to buy or not to buy that is the question?
To buy crypto has been the question on many investors minds for the last few years and with recent events it is at a feverish pitch with so much activity in the crypto space. Many people heard of Bitcoin the granddaddy of the crypto space and now Ethereum. Both of these currencies get more than their share of talking space but now we have another Dogecoin. It could turn the crypto space upside down 👇 this is highly speculative but in this space anything is absolutely possible. There seems to be no hard rules for these currencies to follow and they know it. The volatility in Dogecoin this week is incredible and we won’t mention the highs and tumble of it’s elder Bitcoin, oh well maybe we just did. At any rate what we do know is that Elon Musk one of the most influential people in the world say likes Dogecoin, he posted on his Twitter account that has 51 million followers a tweet of a dog barking at the moon which is a painting by Spanish artist Joan Miro titled “ Dog Barking at the Moon” Musk considers Dogecoin an alternative to ultra expensive Bitcoin.
Many may feel like they are burning money by not investing in the speculative crypto market. While market analysts routinely tell there followers only to risk about 10% on this type of venture. Many day traders and people looking to strike it rich feel different about this opportunity. So many people missed the boat with Bitcoin and Ethereum is on the climb so to speak. Many feel that they are at the ground level with Dogecoin and don’t want to get left behind this time around. So what is a safe bet with all of the excitement generated by the rise of Dogecoin. Most long term investors believe it is a fad and are waiting for the bubble to burst. They see many similarities to the dot com bubble a few years back.
So is Dogecoin just trending upward or is this a real thing, So after trading ended today Dogecoin did dip down this is where most investors like to buy on the dips and then the rebound will occur and there could be a rally that could show a bullish rise. With much uncertainty in the crypto space and that fact that crypto does not follow any rules. So are you in or out with Dogecoin many are looking at Bitcoin to see where Dogecoin may go.
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