I can’t pronounce dogecoin correctly. I don’t understand the origins of the meme. But for fun, I invested $3 in it a few months ago via Robinhood. I want to lean about crypto so I figured following the fluctuations of it was a good experiment.
So about that experiment and the $3:
I had a theory at the time when I invested in dogecoin. There are too many influential people (Elon Musk, Mark Cuban) that believe in dogecoin, that tought it, for it to collapse. But I never really contemplated a nearby 1000% return.
There was a podcast I listened to that keeps ringing in my ears. It was with Tim Ferris and some guy I had never heard of named Balaji Srinivasan. But Balaji is clearly wicked smart and one piece of advice he had … let’s just say I am contemplating it:
Balaji Srinivasan: Sure. So the question is, if I was given $100,000 or a $100 million, what do I do with that? How do I maximize returns? So the dumbest thing, but that I think is the most obvious thing to do, is put half into Bitcoin, half into Ether.
I’m not sure what to do with that information. But I keep thinking about it. particularly in light of my $3 dogecoin experiment.