Bro, DOGE? There are really people who take it as a long-term investment? Wake up, the core value of this coin is just a "joke", and before you know it, everyone took it seriously. A few tweets from Musk can send the coin price soaring to the skies, and with just one sentence, he can bring it crashing back to hell. To put it simply, it’s not a reliable asset at all, but rather a stage for speculative frenzy!
A friend of mine was lured into the Dogecoin pit by its sentimental value, saying it was a "national cryptocurrency", hoping it would rise to a point where he could cash out globally. What happened? He bought at a high point and got crushed. The most ridiculous part is that not only did the coin price not recover, but the infinite issuance mechanism is diluting its value every day. If you want to get rich with it, you end up becoming free labor for someone else to bear the depreciation of the coin—this operation is just too crazy!
What’s even funnier is that DOGE itself has almost no technical support. The on-chain speed is slow, the function is singular, and it can't even build an ecosystem, relying solely on that little traffic to hold on. Without the hype, this thing can turn into worthless junk in no time. The key point is that the market manipulators have a clear grip on it, and if retail investors aren’t careful, they’ll end up as fodder!
I sincerely advise against investing real money in such a "joke coin". It’s fine to enjoy the temporary excitement, but if you take it seriously, you’re just asking for trouble. Those who get out early are heroes; if you can still leave now, hurry up and switch to coins with actual practical applications, don’t waste your precious capital!