A big miner directly defined grapefruit as “MLM coins.”
He said it many times in front of me. This is a “you’re welcome” statement, not rigorous and scientific enough, but I agree, because from the point of view of value investors, we are not welcome to junk companies.
BM has a bad character. He made 40 billion yuan by relying on grapefruit. This data may be wrong. Maybe 10 billion? He has made a fortune, but what about the ecology of grapefruit? What about the community? Development? What about technology iteration? where is it? where is it? People who hold grapefruit cannot cry during the bull market from last year to this year.
He also doesn’t really have a cold with Dogecoin, and of course he didn’t say anything bad.
Dogecoin, why would I buy it? Why did Mr. Mao Junhui, the chairman of Nanjing second-born baby, didn’t understand anything and went to buy it? why? He just saw Musk want to use it and bring Mars, he likes it too, so he buys it. It’s that simple.
The founder of Dogecoin is now delivering food! His personal company went bankrupt! He does not personally have a Dogecoin! He was completely empty.
This is true decentralization. Selflessness. The spirit of serving mankind, the spirit of blockchain.
Of course, the disadvantages of Dogecoin are also obvious. It has communities, ecology and applications. But there is no technical content. The code is copied from Bitcoin.
In the future, there must be a person who will use its technology to make it have more blockchain gold content, and it will be even more awesome. No problem with a valuation of more than $10. But this will be very difficult. Because there is no currency community and team, it is very likely that there is no better business driver. This is also the reason why the so-called “coinless blockchain” cannot stand.
It’s understandable that miners who don’t like grapefruit don’t like Dogecoin. Because the miners pay attention to technology and technical research. Technology is the same as capital. If you talk about feelings and enthusiasm, you can’t do it well and you must be rational.
But there are exceptions. A miner in Linyi, Shandong, my friend called Dogecoin and bought it very heavily. The most recent time, the timing of the purchase was similar to mine. Around 0.05. The time is early March.
I personally hope that the rumor that “37% of the holding address is Musk” is true. if so. Then, he will definitely get the technical iteration of Dogecoin in the future, and may “take over”. Let Dogecoin truly have programmable currency attributes. It’s not just payment attributes. But even if there is always only a payment attribute, if the circle expands and it is widely used, it can still give high valuations.
Dogs I say so much because I have a slightly unique view of it, which is different from the traditional view. This is an aspect where I deliberately train myself to think independently. I like Dogecoin and I know many stories about it.
The story of Dogecoin mentioned in my “Why didn’t the ancestors of value investing achieve value investing in the face of Bitcoin?” is absolutely true. The protagonist is the great writer Zhao Wenyu. The author of “Naive Girls Surrender”, he does not object to me telling this story and mentioning his name. His Dogecoin story is of a classic nature, and it often leads me to think deeply.
I know that many miners and technical experts do not like Dogecoin, but please note:
“People” like it, grassroots likes, newcomers like, and “cheap” Xiaobai likes it even more!
More importantly: Americans like it.
To what extent do Americans like it? Americans have a habit of tipping. Quite a few people like to give Dogecoin. Many people give Dogecoin to their children as Christmas gifts. This was very popular many years ago, and now the value is getting stronger and stronger. The owner of the Dallas Mavericks bought a large amount of Dogecoin and declared that he would give it to his son as an inheritance. It is equivalent to announcing that he will not sell until he enters the soil in the next 100 years.
Musk’s love for Dogecoin, let alone repeat it.
I also learn from the American tradition and give my Dogecoin to my niece.
I personally increased the position of Dogecoin today, and after the increase, I am interested in writing this article.
I have been well thought out. And prepared for the worst. My cost has increased a lot, which is the uncomfortable place after adding to the warehouse. But I have certain confidence in the overall situation.
Dogecoin is likely to be on the eve of its official release.
So it is worth looking at the top line.
Although in terms of price, I missed the best opportunity for the 0.06 triangle to break through and increase the position. Today, the increase price is at 0.1, but there is no way. It is impossible for people to be perfect.
I set a strategy to hold Dogecoin for a very long time, at least when my niece gets married in 2026. If she doesn’t get married at that time, then it can only be postponed. If you marry late to 2036, there is no way. Then hold until 2036
I plan to give her all the Dogecoins at that time. I hope she can read this article of mine through a natural way of reading on the Internet before she becomes an adult, rather than telling her the status deliberately.
Musk likes Dogecoin sincerely, not as a show or manipulating the market. He helped 5 children to build 5 Dogecoin miners in his spare time and educate them about blockchain, mining, and cryptocurrency from an early age.
Chinese parents should learn this, not necessarily to build mining machines for their children (your Chinese parents are likely to reject cryptocurrency by themselves, you may be a stubborn blockchain layman and an old antique of traditional forces), at least Let children be exposed to computer programming and proficient in using mobile phones (of course, children may use mobile phones better than you).
The era of the future is the era of programming, the era of mining machines, the era of artificial intelligence, the era of blockchain, the era of mobile phones. Don’t think that learning in life is just to cope with exams, and don’t think that you can cultivate a nerd for your children. If you are promising, your child will not be able to improve if your thinking does not improve.
I want to remind everyone of Wang Feng’s famous saying: “I want to live in a new world!”
If you don’t want to live in the new world, your children may live with you in the old world!
This is some inspiration from Dogecoin. Dogecoin’s culture is humorous and interesting, with a harmonious community spirit. Its birth is a joke, but the joke is bigger, the play is bigger. To become a phenomenon-level blockchain event, a great economy, this is an interesting economic case in human history, very special, worth remembering, and worth writing. The famous mountain in Tibet is the posterity of the lawsuit.
The history of mankind is constantly broad, brave to innovate, and brave to embrace the new world. This is the spirit of the blockchain. It is also the spirit that we will always learn.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.