Never go full retard.
Lol now denominate BTC in DOGE. Down 40% over the past year. https://www.tradingview.com/chart/?symbol=COINBASE%3ABTCUSD%2FCOINBASE%3ADOGEUSD
Discussion
DOGE clearly the best savings vehicle over the past year!
I mean if we are talking shitcoins, not even close. XRP beats DOGE by like 50%
good point I forgot XRP, but the DOGE chart looks better and is all time positive versus BTC, not just one year, and still trending upwards so all indications point to it being the best reserve asset
hard truth
none of those charts are "denominated in" the asset. they're all USD prices.
so the charts primarily show the relative investor interest over time.
which is a useful data point
but I dunno I'm gonna plan my savings around what Wall street and VC investors think is hot.
Uh, no. It has a terrible chart against BTC. Like all shitcoins, it peaks, then slowly trends towards zero. Only very early adopters are up. The vast majority of doge holders came in 2021. They are all now way underwater
It's all Elon hype. Once he and Trump break up in the next few months, it will continue down against BTC over the next 20 years as it becomes irrelevant.
It very possible will never hit it's all time high again. It is down 75% currently.
Can people trade and make more Bitcoin? Sure. But it's just gambling, nothing more. Not for me, no thanks.
From 2014 -> 2025, you would be up on your DOGE investment. That is a 11 year thesis
Yes. Except nobody did not is anymore.
What it is with you folks in this thread's lack of reading comprehension?
I just said quite clearly the vast majority of doge holders came in during the 2021 hype, the Elon mess on SNL, etc... hence the massive spike. Most got caught and dumped on.
It will continue to trend down as it has.
I would be some Bitcoin that the majority of doge holders who bought in 2014, sold it before 2021, lost it, or sold it during 2021's crazy run.
XRP is the first and biggest shitcoin of all. It's a thing both Bitcoiners and Monero Bros can agree.
So what good is a store of value when fiat cantillionaires can just pump NFC (non fungible coins) to reach imaginary valuations that are not based on any fundamentals.
One thing us for sure. This never happened to Monero which makes it the safest bet in the space.