Nick Maggiulli from OfDollarsAndData writes a post on meme stocks, dogecoin, and jokes as an investment product. It’s a little scary because it’s a lot true. https://ofdollarsanddata.com/the-craziest-market-ive-ever-seen/
It’s true indeed. because these new assets doesn’t have something concrete to justify their lofty valuations. They are just the product of irrational herd mentality. People in order to get rich quick are chasing them without doing their due diligence and i think the euphoria won’t last longer. and when the bubble will burst the people at general will regret their decision of not doing the thorough research.
Yes, it’s true. Dogecoin is a cryptocurrency created by software engineers Jackson Palmer and Billy Markus, who decided to create a payment system as a joke and This joke became real.
Tomorrow someone might start Sh*t coin as well
Someone seems to have gone ahead and done that -