- Dec 5, 2015
- Reaction score
- Political Leaning
Elon Musk is this weekend's host of Saturday Night Live with special musical guest Miley Cyrus. The people's cryptocurrency, Dogecoin, had rallied nearly 1100% in the past month with Elon Musk's SNL appearance viewed as some sort of catalyst. It appears this is the case, as DOGE dropped over 20% in the past hour. This is fine if you have diamond hands. Speaking of which, here's Elon Musk's SNL cryptocurrency segment from Weekend Update.
Dogecoin holders are getting taken to the woodshed for thinking SNL was a positive catalyst for the stock. The cryptocurrency is down over 20% in the last hour, as Elon Musk carries on in New York.
The thinking of buying a digital coin believing it will go up almost 100% simply because an owner of a company would mention the coin on a late-night comedy show is stupid. This is not investing, it is gambling, and not even smart gambling.
Nothing against cryptos or even dogecoin but to buy dogecoin based on this reason?