(Pre note: Investment carries risks, please do not make any investments outside of your cognitive range)(Pre note: Investment carries risks, please do not make any investments outside of your cognitive range)(Pre note: Investment carries risks, please do not make any investments outside of your cognitive range)In a recent tweet, we introduced the popular dog coins on the internet.On April 16th, the dog coin rose to a full 29 cents, shocking everyone
(Pre note: Investment carries risks, please do not make any investments outside of your cognitive range)
(Pre note: Investment carries risks, please do not make any investments outside of your cognitive range)
(Pre note: Investment carries risks, please do not make any investments outside of your cognitive range)
In a recent tweet, we introduced the popular dog coins on the internet.
On April 16th, the dog coin rose to a full 29 cents, shocking everyone.
Within a year, it has skyrocketed 25 times and my chin is about to fall off
As a result, who would have thought that this was far from the peak of the skyrocketing dog currency.
Everyone thinks that the foam of dog coin is about to burst, but the doge is the doge. The doge is not broken, so it continues to take off all the way.
Up, up, up, up, from less than a penny before, to breaking through 10 cents, to 50 cents
Until last Saturday night[Knock the key points]The dog coin skyrocketed to an astonishing 73 cents.
In other words, if you bought Dogcoin for 0.8 cents before Musk officially stepped down and mixed it in February, and successfully got off at the highest point
Three months, a hundred times the income, and an instant Beijing apartment, you can't even earn as much as Shuangzi.
Well, it is precisely because of this "investment myth" that after the dog coin fire, countless followers also began to itch.
Before Saturday night, everyone felt that there was still a surge in dog coins!
Not because of anything else, it's just because on Saturday night, Dog Coin's godfather Musk is going to appear on the popular show SNL, 'Saturday Night Live'.
Obviously, he needs to bring another wave of goods
At that time, wouldn't it be fun to make quick money in the short term?
It's really plain to have such an idea.
After all, the skyrocketing trend of dog coins was driven by Elon Musk's hand.
In 2013, Dogcoin was born, and until 2021, it fluctuated slightly, hovering below 1 cent.
After all, everyone is also Tuyi Le, and this coin has been joking since its birth.
At that time, Palmer, the creator of Dogcoin, was not used to the soaring Bitcoin and collaborated with programmer Marcus. In just three hours, the two of them created a popular Dogcoin to mock and ridicule the speculative chaos of virtual currencies.
He himself publicly stated:
"The value of dogcoin is the result of market mania - inexperienced investors expect it to rise like Bitcoin and buy it impulsively. This is certainly not true. The foam of digital currency will burst and many people will lose their money."
After all, dog currency is a currency that is destined not to rise.
Markus, the programmer who created the dog coin code, is very clear about this: when he wrote the code, he set it to be distributed without restrictions.
It is just a currency used for parody, they do not need dog currency to have investment value, it will not appreciate, or even maintain its value.
This is a joke that will definitely disappear.
Although Gougou Coin has gained support from sand carving netizens, it has also seen some appreciation.
But even the programmer Marcus, who created Dogcoin, cleared all his Dogcoin holdings in 2015 and stopped trading.
I don't want to become a leader of cults
I don't mind someone spending ten yuan to get some dog coins, like buying a movie ticket or something. It's fun, but when someone invests 20000 dollars, it makes me very, very uncomfortable
Let's play around and use it to casually offer online rewards, which is the original intention of Dog Coin.
But after an April Fool's Day tweet in 2019, things began to become uncontrollable.
At that time, Marcus, who was responsible for running the official account of Dogcoin, jokingly initiated a vote to select the CEO of Dogcoin.
The account operation is joking, and the dog currency is playing with the people's canvassing, which is a joke. The final result of "Musk's election" is naturally also a joke.
But after Musk himself forwarded this tweet, it's no longer a joke.
Musk forwarded on April 2, 2019, "Dogcoin is my favorite digital currency
Moreover, he also set his Twitter account information to: former CEO of Gougou Coin.
After Musk forwarded it, dog coins surged in response.
But the founders of Gougou Coin were not happy at all - they immediately cleared their Twitter and YouTube accounts and disappeared from the online world.
The creators of dog coins abandoned them, but the dog coins that have already spread on the internet will not disappear.
The "Dragon Slaying Coin" created by Palmer also transformed into a dragon with Musk's cargo.
In February of this year, the dog currency, which had been almost at the same level as the previous N years, began its first round of rise.
On February 4th, Musk tweeted N times to promote dog coins.
Dog coins are the currency of the people
He posted a picture implying that he was holding dog coins up like a lion king.
Everyone feels that this is a hint that Musk wants to buy a large amount of dog coins.
At that time, the immediate price of dog coins increased by half from 3.59 cents to 5.30 cents.
The real surge began on April Fool's Day this year when Musk claimed to use SpaceX rockets to send dog coins to the moon.
'Tothemoon' has become the slogan of dog coins, we will fly high all the way last month!
On the same day, the price of dog coins rose to 9.4 cents.
On April 15th, Musk published another article, accompanied by the famous painting "Barking at the Moon" by Spanish artist Joan Miro.
Afterwards, Gougou Coin climbed from 18.16 cents to 43.77 cents, an increase of 141%.
Perhaps, we can compare the dog coin to a Ponzi scheme... Although the two are not quite consistent in nature, the upward trend is the same.
As long as more and more new people come to invest, the tide will rise and the boats will rise.
Why is dog currency getting higher and higher after Musk brought goods? It's because more and more people like you and I have never heard of dog coins before, and after discovering that Musk is carrying goods, they think this thing can rise!
The Ponzi scheme is getting bigger and bigger depending on the people who want to get rich, so is the dog coin.
But dog coins, as I told you from the beginning, have no investment value.
So once Musk doesn't bring the goods, its price slowly starts to decline, after all, everyone is feeling guilty.
Until April 28th, Musk announced:
I, the godfather of Dog Coin, will be featured on Saturday Night Live on May 8th
Saturday Night Live, as one of the hottest programs in the United States, has a great influence.
As long as Musk praises dog coins here, there is no doubt that dog coins will experience another wave of frenzy.
On the eve of the program on May 7th, Musk forwarded a tweet titled "Musk Says Dogcoin May Become the Future of Cryptocurrency".
Dog coin fans are all shouting crazily - up again! Up again! Give me a raise!!!!!!
On May 8th, before Musk appeared on the program, he issued a notice with the design of dog coins.
Under this tweet, countless fans are expressing their "impatience".
Come on, Elon!!! Fuck it
Everyone has already filled their positions in advance, opened the trading app, and are ready to drink to the crazy rise of dog coins together.
Everyone thinks that as long as Musk says the word "dog coin" in his mouth, there will be another wave of frenzy, and the sound of gold coins falling into his wallet can be foreseen.
The dog has dressed up and made up its appearance, waiting for the opening tomorrow
Meanwhile, global fanatical dog coin fans are even preparing for offline parties.
Champagne, beer, balloons, pizza, fried corn, dog coin cookies, always waiting for crazy celebrations.
At this moment, the price of dog coins has risen to 72 cents - every dog coin fan is beaming with joy, with a happy smile on their face.
Even some people have started preparing, "This autumn, I will celebrate when the dog coin reaches $10
Having set small goals
Alma Cortez, a 28 year old fan of California's dog coins, invited 10 friends to a party and watch the live broadcast together.
RamyBekhiet from New Jersey even pulled over 30 people and set up two large screens to display the real-time market of dog coins.
People cheered, celebrated, ate delicious food and played music, but everyone's attention and energy were focused on dog coins.
This New Jersey guy said, "If the dog coin skyrocketed to 90 cents when Musk appeared, and then fell because people tried to cash it in, he wouldn't be surprised at all
Everyone knows that after this unsustainable frenzy, it will inevitably plummet.
But everyone is confident and confident that they will definitely be able to release at the highest point.
Saturday Night Live arrived as scheduled.
At 11:30 pm Eastern Time on May 8th, Musk appeared in the program, and the number of online viewers on the live streaming platform exceeded 300000 at one point.
After an hour of the program, he finally talked about dog coins.
On Mother's Day, the gift I gave my mother was dog coins
When it comes to dog coins, the host naturally introduces them to the audience first.
Host: This week, US stocks and cryptocurrencies have been continuously growing. Welcome Musk to explain what cryptocurrencies are.
Musk: Thank you. Please call me the Godfather of Dogcoin.
Host: Okay, godfather of dog coins. Our audience may not understand, what is cryptocurrency?
Musk: It is a digital currency that is not controlled by the central government and is decentralized using blockchain. Moreover, the prices of cryptocurrencies such as Bitcoin, Ethereum, and Dogcoin are all rising, especially Dogcoin.
Subsequently, the host began asking six times, "What is dog currency
At the beginning, Musk explained the origin of dog coins.
Host: Okay. So what is dog money?
Musk: Dogcurrency originated from online spoofing, initially just a joke, but now it has become a tangible cryptocurrency.
Host: Okay. So what is dog money?
Musk: It was created in 2013 and has already unearthed 113 billion pieces.
Later, Musk compared it to 'as real as the US dollar'.
Host: Cool. So what is dog money?
Musk: I said it's a digital currency.
Host: But look here, for example, there's one dollar here, right? It is real.
Musk: Yes, it can be said to be true.
Host: What about dog coins?
Musk: Just as real as the dollar.
Host: Do you think this makes sense?
Musk: I have read a lot about dog coins, which can make my investment portfolio more diversified.
However, under the relentless pursuit of the host, Musk finally said the most important sentence
Host: My question is, what is dog money?
Musk: Good question. Dog currency is the future of currency, an unstoppable financial tool that is bound to sweep the world.
Host: Um... but what is it?
Musk: I've been saying that it's a cryptocurrency that can be exchanged for traditional currencies.
host(Suddenly realized)So, is it a 'scam'?
Musk: Hmm... well, it's just a 'scam'.
hostHustle
host
And Musk also laughed and shouted the slogan of "to the moon
Obviously, fans of Gougou Coin are not looking forward to this.
Some people firmly refuse to admit it, saying that Musk was just making an inappropriate joke for the sake of the program's effectiveness.
But no matter what, those fans who are ready to celebrate the skyrocketing landing of dog coins on the moon watched helplessly, and the drop in dog coins exceeded 36%.
At its lowest point, it directly fell back to 41.6 cents.
Those followers who rushed to fill their warehouses when Musk was about to appear on the program to promote dog coins lost all their money.
Ah, ah, the dog coin has fallen! "" Hey, are you new
I lost $700 in ten minutes
70 cent Soha's leek: If a person is killed, they will die
Under Musk's Twitter, there are also complaints from people who are losing money.
You shouldn't say it's a scam
I can't believe you really call dog coins a scam
Dog coins have burned all my savings
I can't believe I saw 'Saturday Night Live'... it's too disappointing
You killed the dog coin
What a beautiful job, Musk. You made it explode in an instant
Look at this drop
But there are still many unbelievers who need to continue to increase their positions and lower the average price.
Just bought another $1000 dog coin! Let's go to the moon together
Some people start playing with the meme and shouting, hoping that everyone can buy together.
Mother's Day is greatly reduced! Yesterday, we also needed 0.75 dollars in dog currency, today we only need 0.45 dollars! 0.45 dollars! You can't buy it at a loss! You can't buy it! You can't be fooled! You can earn it by buying it
Express your loyalty to Dogcoin.
I can sell high and buy low, but I have decided not to exacerbate this problem
After the dog coin fell in response, Musk couldn't even bark well and immediately began to make up.
He not only announced that his rocket company SpaceX will launch the Doge-1 lunar mission next year, bringing Dogcoin to the moon, becoming the first cryptocurrency and first meme in space, but also SpaceX accepts Dogcoin as the payment currency.
Now, the dog coin has rebounded to a certain extent, hovering around 50 cents. Compared to its peak hours, it's still far behind.
Whether it will continue to fall, like a tulip, into a foam, or rise again, is anyone's guess.
But... in February of this year, when the popularity of Dog Coin began, the founder programmer of Dog Coin, Marcus, returned to the Reddit forum for a long time and issued an open letter as the founder of Dog Coin to persuade everyone to be rational.
People hope that Dogcoin will rise to $1, which will make its "market value" greater than physical companies that provide services to millions of people, such as Starbucks, IBM, and Boeing.
Is dog currency really worth it? I am completely unable to understand, let alone answer this question.
I don't have a real say, but as creators, our original intention is not to make everyone speculate and hype wildly, but to bring more positive impacts to the world, charity, or make the world more interesting.
Over the past 7 years, as the founder, I am not angry as I have watched dog coins gradually develop to this day.
I just feel disappointed
Perhaps, when the dog coin loses its initial "mockery" and is seen as a shortcut to wealth, the coin itself loses its meaning.
A cryptocurrency born for satire.
(Note: Investment carries risks, please do not make any investments outside of your own cognitive range)
(Note: Investment carries risks, please do not make any investments outside of your own cognitive range)
(Note: Investment carries risks, please do not make any investments outside of your own cognitive range)
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