Hello everyone i am like a far traveler I'm here to chat with you on this show today Dogecoin Actually, I shared this currency with you in the video before But I think because of the current period of time digital currency The virtual currency is going crazy It’s crazy to fall So I actually changed a little bit about virtual currency Today I will focus on talking about Dogecoin with everyone Because now Dogecoin is the most actively traded in the virtual currency market And just some of my own fans and friends In one of my stock investment groups They are also very active Stocks are down now As a result, everyone is now turning to virtual currency And Dogecoin I have introduced to everyone before You can take a look at my previous video I said it was a joke It uses Shiba Inu as an image as a symbol I think what I said before is very clear I said this should not be used as an investment option It should be as a fun and interesting for you If you have free money, just play And originally on the Internet It is used as a form of tip A series of things such as rewarding some Internet celebrity bloggers But some time ago Dogecoin changed from Less than 1 cent has risen to 4 cents As of April 20th It has risen by more than 6000% So it’s hard for you to think of it as an investment Because everyone wants to make money So I will share with you today Some of my thoughts about him In-depth analysis of whether we should invest in Dogecoin What kind of mentality should we have If everyone likes my show Don’t forget to like my show, subscribe and share Forward my show to your friends or to the circle of friends I am also very touched Such as the platform for far travellers to follow and buy virtual currency Gemini is used How does the far traveler store virtual currency I use a hot storage like BlockFi Because it has a higher interest rate Annualized interest is more than 6% So I think I’m buying virtual currency At the same time there is investment value And you can earn interest with your virtual currency I think two birds will kill two birds with one stone If you want to be like a traveler Use Gemini to buy and trade digital currency At the same time, if you use BlockFi to store digital currency You can use programs like Far Traveler Register with the link in the description column below After you register, you and I can both Get a certain amount of virtual currency rewards I just said that Dogecoin ends on April 20 When the increase was as high as 6500% or more Such a rise has caused its market value to increase a lot Over 50 billion Of course it fell back now Now every Dogecoin is around 2 cents and 6 cents It actually surpassed when it rose before Lots of good blue chips So this also drives a lot of novices on the market These leeks including me are ready to move Even many new friends joined Into virtual currency investment So I personally think the bubble is very big Volatility is also very strong Because now the virtual currency has been Maybe it’s because the market has injected A lot of funds such as subsidies and some relief Among commodities Can't carry so much money The money will go to the capital market Dogecoin now includes Bitcoin Including Ethereum, their growth and volatility are parabolic Straight up straight down So if you can make the right time For example, you entered when Dogecoin was less than a dime Then when it rises to 4 cents, you just toss it and you make a profit.
Maybe financial freedom But if you are at 4 cents Found it rose and started to enter As a result, it fell to more than two cents. Maybe even the book is gone There is one by my side So what I said today is that we How to analyze the rise and fall of Dogecoin One of the most important ones is our When looking at stocks, we analyze the fundamentals But what are the fundamentals of Dogecoin It is a joke of cryptocurrency It is a very cute Shiba Inu as a symbol How there are fundamentals so it is basically Can’t use fundamentals to analyze its ups and downs But how to control the rise and fall There is a word that is MEME meme An act of collectively supporting the price increase of a certain currency For example, the most popular one is Reddit There are a lot of global leeks on it Together they want to push Bitcoin to 100,000 U.S.
Dollars This behavior is a meme Before we felt that the meme Let's talk about it and fry this stuff together How can it cause this thing to grow It's really from the game stop event that happened this year Everyone will know These leeks together drive the stock price The rising behavior is really effective Although Gamestop says it's down now But at that time it did rise to a point where it was out of control So now many virtual currencies and certain stocks It's really driven by the magic sound Achieved capital growth Let's fry together Said to push Bitcoin to 100,000 To push Dogecoin to a dollar Everyone started forwarding the whole network like this So it attracts more people Now virtual currency and social media are really inseparable Including my own stock investment group When the stock was down, Everyone basically doesn't say anything Since Dogecoin is going to rise to one block After the news came out Everyone forwards each other Attracted more people's attention Such an act everyone let Its market becomes more active The price has grown to 4 cents So why did I say my idea was wrong before? It’s just that I thought to see if an investment project has value It depends on whether it creates value in the long run But Dogecoin is caused by the influence of this meme It’s going up because it feels ridiculous.
Sounds stupid again But it does happen in the capital market So I think now when everyone is investing Still have to consider such behavior Everyone's crazy speculation can indeed raise prices I just said that in addition to this kind of market Dogecoin is going to push it up to one yuan Musk also sent various messages saying that he is good and he wants to hold He is a celebrity His celebrity benefits also pushed up the price of Dogecoin I just said that because of this meme Cause these price increases If you can really invest at the right time Because I can make a lot of money But the long-term trend is like what the far-travelers think I personally think from the point of view of game stop Because of memes, he swept the market by January Shocked investors all over the world In fact, you don’t need to analyze this I knew it must be a bubble Then the next thing is that he can't stay there long So I finally fell down So I think Dogecoin is a lot So-called penny stocks The hair strands are very similar He is motivated by these memes Prices will skyrocket But I can't stay there for long The heights are so cold So I personally think that the long-term trend will definitely fall Because Dogecoin is unlimited Because it shows the characteristics of asset bubbles Although these memetic pushes do bring A batch of investors or Xiaobai joined the investment market Let its price keep pushing But if you want to achieve the word stability I think it’s hard to achieve just by meme Because I think that as a stock investment market or a securities investment market Long-term investment and holding is the best way to invest And the least risky investment method But Dogecoin and events like gamestop Although the memetic drive caused its capital to rise But I think the bubble is still very large in the long run Because besides hype I don’t see any other fundamental data that can be used for analysis So it’s a bit like we didn’t have enough arguments when we were doing essay questions.
But with events like Dogecoin happening Although I just said that it is an asset bubble But this bubble may also affect stock trading Produce some cultural and ideological changes So I think it might go on like this for a long time Will also have a spillover effect on the stock market Increasing volatility So here I will summarize my views with everyone I think Dogecoin is a bit like art Like a painting People find it valuable Willing to pay the money Maybe its price will rise Everyone will think the same painting is worthless Maybe there will be no higher prices I think Dogecoin is very similar to these artworks No fundamental analysis Just look at how much everyone loves it So everyone must do what they can when investing in Dogecoin I don’t have any investment advice in this video I just introduce my thoughts Share with you just for entertainment Alright, this is the content of today's program See you next time