I’m still a bit skeptical of Ethereum after my experience with it, but I know I could be wrong in the end. I’m looking for other cryptonaughts on the board to give me a second opinion before I get too involved in the hype for this coin. I know there are a lot of people out there who think this will rule the world. I’m not convinced just yet. I’m heavily invested in Litecoin and I’m worried about how this will affect my portfolio. What do you think about Ethereum?
As a skeptic of crypto-currencies, I’ve been reluctant to invest in “alt-coins” in general, but dogecoin in particular. That may have been a mistake. After watching dogecoin’s price shoot from $0.00026 (its price when I started this blog) to $0.00095 (its current price) over the past month, I’ve begun to wonder if dogecoin’s price will continue to rise, and how high it will go. It could just be a coincidence, or it could be the result of a wealthy shiba inu on a lark. But, I think there are two reasons why I was wrong to be
I’m a long time follower of the cryptocurrency scene and a strong believer in decentralized currencies. I’ve recently become aware of a new currency called Dogecoin, and after watching the market closely for a few weeks, I’m convinced that this is a market that I’d like to be in, but I’m not sure if it’s one that I want to trade. I’m a big fan of large market cap coins, and Dogecoin’s $350m market cap holds it back for me. That said, I think Dogecoin has a great community, and it’s even got a lot of potential to grow its market cap in the future.. Read more about whats dogecoin and let us know what you think.Famous investor Stanley Druckenmiller shared his views on Dogecoin and Ethereum. He said he is neither long nor short dogecoin and laughs when the cryptocurrency meme rises in value. As for the ether, he is skeptical of its ability to hold its position.
Stan Druckenmiller on Dogecoin and Ether
In an interview with The Hustle last week, famed investor Stanley Druckenmiller shared his thoughts on Bitcoin, Ether and Dogecoin, a cryptocurrency meme that has recently taken over the market. Druckenmiller founded Duquesne Capital in 1981. In 2000, he managed George Soros’ money as the lead portfolio manager of the Quantum Fund. He and Soros made huge profits betting against the British pound in 1992. The billionaire investor said dogecoin is similar to NFT [non-playable token]. This is a manifestation of the most insane monetary policy in history. He added: I guess since there is no shortage of supply, I don’t see the point at this point. It’s just a wave of money in the big fool theory. Druckenmiller gave his opinion: But I wouldn’t shut up because I don’t like putting out fires with my face. So I’m trying to pretend that Dodge doesn’t exist. I think about it so little that it doesn’t even bother me when it goes up. He continued: When bitcoin went up, I went crazy for not owning it. When dogecoin goes up, I start laughing. Don’t make it too long and don’t make it too short. I mean, if you don’t like going to Vegas, that’s probably fine. Speaking about Bitcoin and Ethereum, Druckenmiller said: I think bitcoin has won the game of value storage because it’s a token, it’s been around for 13 or 14 years, [and] it has a limited supply. When talking about the possibility of other cryptocurrencies replacing bitcoin, he reiterated that BTC will be very, very difficult to supplant. He acknowledged that Ethereum will be the leader in smart contracts and other : I’m a little more skeptical of its success. It reminds me a bit of Myspace before Facebook came along. Or perhaps a better analogy would be Yahoo, before Google came along. He said: Google wasn’t much faster than Yahoo, but it didn’t have to be. All we had to do was go a little faster and the rest is history. What do you think of Stan Druckenmiller’s opinion of Dogecoin and Ether? Let us know your comments in the section below. Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.But hey, it’s not all gloom and doom: Onionpool has decided to take up the mantle of “pessimism” and won’t be long Dogecoin (or shorting it). Dogecoin tried to be the fun, friendly cryptocurrency and largely succeeded. Dogecoin had the party, the memes, the tipping, the community, the fun, the friendly, the funs, the funs, and the funs, but there’s nothing wrong with being skeptical. To be clear, we don’t hate Dogecoin. We think it’s good. We’re just skeptical of Dogecoin. Dogecoin is okay, we are not.. Read more about where to invest in dogecoin and let us know what you think.
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