Is Dogecoin a good investment?

Anyone who listens to Musk on this one is going to get hammered big time. No matter what Mr. Tesla says, and what crypto lovers want to believe, this one won’t go anywhere for very long. I honestly think it’s only gotten this far because of the pandemic. Everyone’s been stuck inside online for so long that they forgot the real world exists. And in the real world, Dogecoin won’t amount to much. Even the guy who made it said it’s not a good investment. Do you even know why he made it? As a joke to make fun of cryptos.

And then crypto lovers took ahold of it and tried to make it a thing. But if you put all your money into this one, you probably will regret that decision.

This is the thing about Elon Musk. He’s so rich that these decisions really don’t affect him much. If he loses a few million on joke crypto, he’s got plenty more to fall back on.

But the people who follow his every word aren’t so lucky. When this crypto becomes nothing, they will be stuck with a bunch of nonsense instead of real money. And they won’t have anything to fall back on. They’ll be completely out of luck. And Musk will still be fine and dandy.

To be honest, this whole idea of cryptos is a really bad one. The only people they really help are hackers and criminals. Did you see the recent cyberattack on the pipeline? They got paid in Bitcoin for a reason. And the reason is that cryptos can be sent without being tracked. This makes them perfect for cyberattack groups, kidnappers, and money launderers.

But it’s bad for everyone who still wants a society based on firm principles. Hell, it’s bad for anyone who wants a society at all. Without some rules and laws governing transactions, it becomes the wild west.

And though that may sound fun and exciting (I mean, we all love Tombstone), it’s also an extremely hard life to live. One I think we all would be glad to get away from.

So, in short, stay away from Dogecoin. You’ll be better off for it.