Hello everyone welcome to your website. Earlier I have told you about Tesla stock, ford stock, Amazon stock, mutual funds, Disney stock etc. If you want to know about them then definitely read the articles written by us on them. In this article we are going to tell about “How to invest in DogeCoin and how to buy and sell”
History of DogeCoin
You all must know about Rupee coin and bitcoin But have you ever heard about the dogcoin? dogcoin is type of crypto currency based on blockchain technology. Earlier I told you guys about bitcoin But its birth is not like bitcoin it is based on a meme. Once when the dog meme became famous, someone jokingly took out the dog coin and it became so famous that its value became very high. This means that no one has come out and a coin has been prepared as a joke on it. It has become so popular in today’s date that even people like Elon Musk started buying it and promoting it. To know ” How to invest in dogcoin and How to buy and sell” you have to know about its history.
What is DogeCoin?
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, Coins that are created without meaning are called sitcoins. Some people believe that doge coin is also a sitcoin. It was in 2013, when the Dog’s Meem was on a pickup, it was developed by Jackson Palmer and Australian marketer Cat Marcus, an IBM software developer. If we look at the market of the world’s largest cryptocurrency, then the position of DogeCoin comes at number eight. This is all about Introduction for “How to invest in DogeCoin and how to buy and sell”.
Why DogeCoin become so popular?
After all, why Dogecoin became popular and why are such people buying so much. The reddit website itself because of this. First it was trained on the reddit website, whenever someone liked a post, then he liked that post and gave a dog coin as a donation because at that time the value of the coin was very low but slowly. Slowly it started becoming popular. Within a few years, the dogcoin started being used so much that it was exchanged so much that its value and demand increased. From September 2018, after March 11, people like Elon Musk also started promoting it. In today’s time, the value of Doge Coin has become very high.
How to buy and sell DogeCoin
Apart from the bitcoin ethereum, the coin that has become most famous and popular is the name of the dogcoin.
To buy and sell any crypto currency you need an exchange platform. There are many such exchange platforms in India. We will take an example of one of these crypto currency exchange named WazirX. All such crypto currency exchanges are present in India, if you add money in every transaction, then you do not have to pay some money, then you try to add as much as you want to add. Otherwise you will have to pay a charge. After downloading WazirX, let us now see how to purchase DogeCoin. First of all, after installing the dog, you have to search the DogeCoin by going to the search section in it, then click on the buy button there, which will write the price, amount, total and from there you will get the amount or the amount of money. If you want to buy DogeCoin by putting it, you can buy and sell it when its price increases or you can send it even after doing it.
Advantage and disadvantage of to invest in DogeCoin
Dogecoin is a trending coin in currently the price is some less than past but it’s a trending coin it may be in future it’s value can be in hundred dollar or in $50 but it said running coin however if were the trend is loose then the value of coin is also lose. Many of the entrepreneur and biggest businessman like it Elon Musk promote this coin in Twitter many times. In past we have seen that one Twitter of alone musk has increased 25 to 50% the value of dogecoin. Docco in also do many good things like donation in Kenya etc.
Now we will talk about problems related to dog coin the first problem related to this is that supply is quite huge. currently 100 billion dog coin are available and now every year 500 million dogecoin will come. If we talk about Bitcoin the supply is limited. Overall only 21 million Bitcoin will be there in existence. This point related to supplies very important. Another reason is that for the past many years the software update has not happened for dogecoin. Also known new technology has been used for dogecoin. The innovative technology of Bitcoin has been used here. In Bitcoin, many new technology cal initiative have taken place. But this didn’t happen in DogeCoin. Does to summarise this whole dog coin we can say that more than the investment is a community.
I am just saying that be courtiers of the huge risk. Higher the risk investment there are more chances of high returns as well. It is a possible that after a few year, dog coin baby valued at $100 instead of paltry one dollar. But it is equally possible that it’s value may become zero instead of 0.5 0 cent now. All your investment mein vanish. Because predicting cultural Trend on the internet is next to impossible. You would basically be trying to predict how the world would think collectively. I believe that the same thing applies to bitcoin as well. You should invest only the much in Bitcoin that you can afford to lose. Is bitcoin crashes 20 tomorrow you would not suffer of much even after your investment Vanishes. And dog coin is even risker than Bitcoin. So did this is all about “how to invest in dogecoin and how to buy and sell”. If you want to read other article of our website then you should do. Thanks for visiting our website.
1. Who owns Dogecoin now?
Billy Markus (“Shibetoshi Nakamoto”), Michi Lumin, Ross Nicoll
2. Will Elon Musk sell Dogecoin?
Elon Musk tweeted that he owns cryptocurrencies Bitcoin, ether, and dogecoin and is not planning to sell them
3. What is current price of DogeCoin?
4.How much Dogecoin should I buy?
That’s why experts recommend investing no more than 3% to 10% of your portfolio in cryptocurrencies.
5. Is Dogecoin accepted by Tesla?
Tesla CEO Elon Musk has announced that the company’s supercharging station will accept cryptocurrency Dogecoin as payment.