I don’t own any dog coins. I missed out on the mania. I also don’t plan on owning any. So this is a strange post to write, but I wrote it because I want to tip my hat to what dog coins managed to accomplish as memes – and how that changed the way I look at markets.
It’s very easy for Buffett or another classic investor to say something like “it’s a bubble” or “there is no value here” or “this is not real investing.” I’m not knocking traditional investors by any means, but they have their own intentions in mind when they say things like this. They want to protect their craft just as much as an alt coin believer wants to protect their wild west strategy. They are the same person ultimately both pumping and protecting their respective style.
Personally, I think the more disciplined investor will win out in the long run. Yet, at the same time, who am I to decide what happens in markets over the next 5, 10, 20 years? Millions of people all doing different things at once. There is no science here.
So I’ve come to love dog coins. I like them because of the non-traditional nature of them. That some people, who potentially were never investors before, decided to buy some really cheap coins because it was fun, hilarious, and did not cost much (maybe a few hundred dollars?). Or maybe they actually saw the actual potential in the coins. Hey, the transaction costs and ability to transfer money using Dogecoin is actually pretty efficient compared to other coins even Ethereum and Bitcoin. Also, Dogecoin smart contracts could be a thing one day. Never say never.
Anyways, that’s the post.
I’m not buying dog coins, and don’t plan on it, I’m not sure you should either. But I have come to love the underground nature of them and how some people who have no traditional investing background actually did pretty well. I’ll tip my hat to that. Sometimes a round of applause is better than a disgruntled tweet storm.