This time it will be just a small post, i promise! I think you already know what's happening with Gamestop and dogecoin. It's amazing if you ask me what just simple words can do and i am mostly talking about Elon here.
Truth to be told by saying "amazing", doesn't necessarily mean good. It's good that people united under Elon or WSB and cost some billions to wall street guys and others but still they listened to someone or some people without doing any research whatsoever.
Anyway, that's not what i wanna talk about in this post. I wanna talk about dogecoin for a moment. A coin that was created for pure fun and troll and literally some people became millionaires or earned a lot of dollars, enough to retire.
Elon shilled it and it reached 1 cent, then both Elon and WSB did the same and it reached 7 cents. Can you imagine it? 7 cents for a coin that previously had a price of 0,004 and even less than that.
The price dropped again to nearly 2.5 cents and now is close to reaching 5 cents again. In case you missed i am here to inform you but please play it "safe" except if you don't care about losses.
I, for example, hold just a few dogecoins 2k to be exact so even if that reaches 1$ my life won't change nearly at all :P, I just bought them for "fun" to support the whole effort!
It's true that if you had invested an X amount of money when it was 1 cent then after it reached 7 you would have 7x that amount. Imagine the possibilities. 100$ would be 700$, 1000$ would be 7000$ and 100k would be nearly a million (700k)!
On the other hand, if you invested when the price was 5 cents or more then you might have seen your investment cut in half. So once again be very careful and who knows maybe you can retire as well.
If you managed to earn a lot, spare something for me as well!
