Dogecoin is climbing in value again, Yay….. some idiots are going to lose
a lot of money, and the scammers are going to make a lot more money,
Please don’t “invest” in those sh*t coins. I think I should rephrase that
sentence, “Please don’t waste your money on any cryptocurrency, not even
In the coming months, you will hear stories of people who made millions from
Dogecoin and they will say that you too can make money like that if you “study
the market” and “invest wisely”. Trust me, you can’t, because nobody can
predict the crypto market.
It’s like a pig on LSD, you don’t know which way it’s going to run (a
famous quote from Jim Chanos when he was talking about the Chinese stock
market, crypto is pretty much the same).
Media outlets are saying that Dogecoin’s value rose because Elon Musk bought
Twitter, and they are right. It seems that people are betting on the hope of
Musk making Dogecoin an official currency of Twitter.
You might say that it’s delusional, and it’s never gonna happen. But we are
talking about Elon Freaking Musk, you never know what he is gonna do next.
That’s why I’m not gonna say stupid sh*t like “it won’t ever happen”. Also,
the cryptocurrency exchange, “Binance” is now an equity investor in Twitter.
So, there is a chance that it might happen, but betting your life savings on
sh*t coins is still a stupid idea.
Do you know, there are more than 12000 cryptocurrencies in the world right
What do you think most of those coin creators are trying to achieve?
They are trying to make millions of dollars scamming newbies. And, most of
them are very successful at it.
Some of my friends have lost a lot of money through crypto scams, and I
don’t want you to be another victim.
Even after reading all this, if you still want to spend your money in the
crypto space, buy a crypto course on Udemy, Coursera, Udacity, or edX. You may
be able to create something valuable for the world.
If you are interested in learning about cryptocurrencies and how they are
made. Here are some study materials: