People don't understand that Dogecoin really has no value.

[RecondoJoe]

Go buy you the nicest mining rig you can and then try to mine Dogecoin. You'll quickly learn that you can't. Someone is mining it however, and that person owns about 90% of all dogecoin and will own 99% of all dogecoin in the future.

Not to mention the fact that this coin has no supply limit, meaning that it'll consistently lose value over time the same way fiat currency does (which defeats the purpose of Crypto).

Now I did make a lot of money mining and selling dogecoin, but that was entirely based off of luck. (You can mine Ethereum on unmineable.com and get paid out in Dogecoin, but unless Doge does something crazy like it did in the last 24 hours, you would be better off just taking straight Ethereum as your payment).

IDK it just irks me because people think it's like the best coin to own or something and it couldn't be further from the truth. Like it does get pumped and dumped and people make money through this scheme, but the same thing happens with Gamestop stock. It doesn't mean Gamestop is a good stock to own long term.

If you're wondering what the rant is about, my friend bought $5,000 worth of dogecoin 3-4 months ago and could have sold it for $20K this morning and didn't do it because he doesn't understand anything about dogecoin other than the fact that it's a meme.