A few months ago I posted a blog calling out Elon Musk and his erratic behavior as irresponsible, selfish, and actually ignorant. I claimed that DOGE like my claims with GME, would be a losing investment in the near future and completely counted it out. Well as of today my pride is shot, and I must look at the meme doge coin gains many people created from a thousand dollar investment stuck wondering what could've been with just small portion of my portfolio.
If this experience with DOGE has shown me anything, it's that you can never and will never understand and know the answer/outcome to every situation. In hindsight my propaganda against DOGE may have been an internalized anger towards Elon, and maybe the coin does have some real value in the making. My gut feeling is DOGE is simply benefitting from monster alt coin rallies in the cryptocurrency markets, but I wouldn't say it's impossible to be the "next" bitcoin, but before bitcoin was bitcoin there was no "next " bitcoin, bitcoin was a pioneer in this space so I feel like it's still naïve to expect similar returns. But here I am again, counter trading the meme stock trend, don't listen to me again please save yourselves. If Doge is successful maybe we can have another convo about Elon in terms of giving back, in a sense.
I was pretty surprised that how Elon Musk can elaborate a market like this. Dogecoin was created out of a joke. Even a joke can be like this, we can tell some investors have gone the wrong way. Investment and speculation are two different concepts.