Review on Dogecoin by Alex Moria

Name: Dogecoin
Item: Dogecoin
Rating: 1

June 01, 2021

Dogecoin is a trap

I don't like this currency, which in addition to being the same coin, makes fun of other serious crypto-currencies.
Its course depends on only one person (Elon Musk).
With each tweet, it increases and decreases once the hype has passed.
Dogecoin is inflationary, which means that every time you buy it, dogecoins are created, so dogecoins are "infinite" unlike other currencies which, unlike dogecoin, are deflationary and reduce their coin to increase scarcity. and therefore their price.
How can an "infinite" currency continually increase? She can't, and this is one of the reasons that will cause the downfall of dogecoin, because dogecoin is just a ponzi scheme that only exists thanks to the hype brought on by an autistic billionaire. This meme doesn't even have a goal, the project is based on nothing, it's only speculative.
If you are in dogecoin, I advise you to get out because in addition to killing other cryptocurrencies and making the market unstable, it will make you poorer than before.
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