A friend of mine has been sharing her experience in buying Dogecoin. I’ve been reading her Facebook posts, but honestly, that’s all I was doing. Then I caught an episode of Ellen and she was interviewing Mark Cuban. Whether your a fan of Mr. Cuban or not, the man has been very successful in his investments. But during this interview, he brought up Dogecoin and the comparison to Bitcoin.
Now, for those of you who may not know, Bitcoin and Dogecoin are cryptocurrencies.
Cryptocurrency is a form of payment that can be exchanged for online goods. In the case of Bitcoin, if you bought them when they were .20 and held on to them until today, you could sell them for $57,244.68. That’s a nice return on an investment and for at least 10 people, Bitcoin made them multi-millionaires.
This doesn’t mean Dogecoin is going to necessarily be the next Bitcoin, but if you have a few dollars or more to invest, you could buy some Dogecoin and see what happens. So far, it has continued to raise in value, not $57,000 in value, but it’s been steadily creeping up. Who knows! Maybe a small investment will one day pay off. Currently it costs around .60 (although the market changes every second) to buy Dogecoin, so it’s not a huge investment. However, the rule should be like it is in gambling. Only put in what you’re willing to lose.
If you’re interested in dabbling in the market a bit, please head over to Robinhood join.robinhood.com/debrarw-90618e and sign up. It only costs you what you’re willing to put in and it’s not just for Dogecoin. You will have a wide choice of investment opportunities. However, if you sign up via the link above, they will give you some free stock and with my referral, they’ll give me something free as well. It’s a win-win!