Musk pretended to be the self proclaimed father of Dogecoin financial expert last weekend, how did

Musk laughed at himself on the show and said that Dogecoin is a "scam". Dogecoin is a virtual currency, and the name of this currency is also because of a meme. The reason why Marx is called the "father of Dogecoin" is because Musk's words are very guided.

At the beginning, Musk was very supportive of Dogecoin, so many people began to ** Dogecoin caused Dogecoin to rise a lot in a short period of time, and then Shiba Inu also more than doubled in just a few days, just when many people were waiting for the currency to continue to grow, Dogecoin ** a lot overnight. But Musk's words on the show are not the main reason for Dogecoin's large **, the main reason is that Dogecoin has a very large investor withdrawal.

In my personal opinion, virtual currencies are a very risky investment. There are several reasons for this:

1. Virtual currency is very easy to be monopolized by some people.

Because virtual currency is a cryptocurrency, this currency can be exchanged for the currency we use. But this cryptocurrency is very susceptible to human control. Cryptocurrencies have a certain amount of circulation, and the amount we buy is also very limited, if the vast majority of this currency is in the hands of one person, then that person can control the rise of the currency very well, and he can also make a lot of money based on this.

Therefore, the investment in this currency is indeed a verification of Musk's words: be ready to lose all your money.

Second, there are uncertainties.

Many of us don't know exactly how this virtual currency is formed, so we are more or less curious about this currency. Therefore, we still need to be cautious when investing. I also bought some when Dogecoin was more popular, and Shiba Inu was the same, my Shiba Inu made a little bit of money earlier, but Dogecoin is still **.

When Tesla CEO Elon Musk participated in the recording of a variety show, he was asked: "Is Dogecoin a scam?" He: "Yes, it's a scam" even tweeted a picture about Dogecoin.

Saying that Dogecoin has no value, just like air, is easy to evaporate, and it is not something that exists in reality.

He said that he himself is the father of Dogecoin, Dogecoin is a fraud, a virtual currency, not controlled by ****, I personally feel that this currency is unreliable, don't fall into it.

Dogecoin will definitely fall, the question is when, and now it is the hype and Musk that support Dogecoin, and you have to ask those who are optimistic about Dogecoin can't say why. Because Dogecoin is actually air, it has no value at all.

Dogecoin issues billions of coins every year, which is equivalent to an inflation rate of five percent, which is smaller than the current currency inflation rate. However, I still have to remind that the risk of Dogecoin halving is very large, and it does not have the support of practical application demand, although there are currently many American leagues that support the use of Dogecoin to pay for tickets, but I am not particularly optimistic about this coin in the long term. It's still okay to lock up positions at a low level, or mine Dogecoin with a small number of machines.

Before Dogecoin became Rabies, the coin circle was always a game for niche players. Dogecoin, on the other hand, has made the currency circle out of the circle on a larger scale and is accepted by more and more young people. At least there are many people around me who have started to enter the market because Dogecoin is on Weibo's hot search.

Therefore, the popularity of dogs has played a good role in attracting players to the entire currency circle. And this role, I believe that many people can see it clearly, including Musk, the initiator of Dogecoin's transformation into rabies, can also see it clearly. Well, just "those people", those who want digital currencies to change the world, for whatever purpose.

Need a "traffic**" like Dogecoin, Dogecoin will maintain a growth trend for a period of time, maybe the fluctuation will be relatively large, but it will often create a hot search effect. As long as there are more players entering the arena. It's also good for other currencies.

Before the box resistance level is expected to be adjusted, I didn't expect it to fall directly to the support level in one day, a bit unexpected, Dogecoin to fall is only a matter of time, for now it is still optimistic, but before buying, ask yourself if you can bear such a risk.

The situation is still relatively good, and there are many people who have invested a lot of money in this, so this virtual currency has soared in the short term.

Dogecoin's current situation is much better than the previous two days, and it has recovered a little, but the overall situation is still not particularly optimistic.

At present, the stock price has fallen very sharply, and it can be said that the loss is serious, and it is normal for this to happen as a virtual currency.

Now the value of this currency is slowly decreasing, and it is slowly decreasing, many people have lost money because of this matter, and the ** of this currency has also been recognized and concerned by many people.

At present, the development of this Dogecoin is very bad, and it has been going down**, and the current development prospects are not very good.

The situation is very unoptimistic, because it is now in the mode of **, and many people have suffered economic losses.

At present, the speed of Dogecoin is very fast, and the stock price is very high, and its stock price has risen amazingly, which is unexpected.

The situation is not very good**, the current situation is not as good as before, and I think Dogecoin is a very low-end currency, and the trend in the future is not very good.

Musk said that he will fully support Dogecoin, because Dogecoin is the second largest virtual currency in the world in terms of the number of users after Bitcoin. He also wants to influence the movement of Dogecoin through his influence. In the long history of human money.

From physical money to metal money to paper money, the function of money as a purchase of goods and services has not changed, although the form of money has changed with the development of society and technology.

Digital currency is a new type of money based on digital technology. It has an exchange value that can be used for payments and can meet the payment needs of people in the digital age. As an electronic cash system, digital currencies rely on a unique set of technological architectures.

On the one hand, it is an open-source software protocol created by developers using mathematical methods that can be used by anyone. Every change to the software is open and transparent and cannot be faked or altered. On the other hand, every transaction is verified and recorded through the network, and the books of the entire global network are synchronized, which ensures the security of transactions and enables peer-to-peer payments.

This technique can be simplified to a situation where two people who need to make a payment exchange secret signals with each other to complete the payment, which is the payment password for digital currencies. This is similar to the pay-as-you-go bill number of the Qing Dynasty, and the password of the bill number can be the signature handwriting of the bill or the words and numbers hidden on the bill.

Such transactions between IT-enabled digital currencies enable true "peer-to-peer" without the need for any intermediary links or regulators. Even the passwords exchanged between the two parties are a string of numbers, and the trust between the two parties is entirely based on technology. With the help of the internet, digital currencies have taken convenient payment methods to the extreme, which is why digital currencies came into being.

However, the development of fiat digital currencies may affect the movement of Dogecoin. On the one hand, the monetary authorities of the world's major economies attach importance to the development of legal digital currency and the continuous deepening of research in related fields, which will play an active role in promoting the development of legal digital currency in the world. However, major economies such as the United States, Japan, and the Eurozone are still assessing the potential risks of using legal digital currencies and will steadily promote legal digital currencies based on the results of the assessments.

Combined with the important influence of the US dollar, the Japanese yen and the euro in the international monetary system, it is expected that the development of global legal digital currencies will be promoted in the future on the basis of a full assessment of various risks.

Under the conditions of a market economy, digital currencies also have the attributes of public goods. If there are no necessary regulations, it may lead to the phenomenon of "bad money driving out good money" in the field of digital currency。A legal digital currency is similar to an existing sovereign currency.

It is based on the credibility of **. Compared with private digital currencies, it has a higher credit rating and is more easily accepted by various market entities, which also helps to promote the development of legal digital currencies.

Because the future development prospects of Dogecoin are very good, it has also been supported and optimistic by many people.

Because the appreciation value of Dogecoin is very high, Musk is very optimistic about Dogecoin and believes that the price of Dogecoin in the future will not be very expensive.

Now the tuyere of virtual currency is quite big, Dogecoin is one of the virtual currencies, and the ** of this currency is not high, but the rise is very fierce, so Musk is so optimistic about it.

Dogecoin was issued by the founder in order to satirize the virtual currency, and Dogecoin has long been cleared, and Musk used his fame to occupy the platform for Dogecoin just to make money.

Maybe it's because I think Dogecoin is another Bitcoin, so I support this coin very much.

To make money for hype himself is the same as he buys bitcoins.

Consensus is one of the important foundations for the existence of virtual currencies.

The issuance of Dogecoin is too large, unlike Bitcoin, which has 21 million, and Dogecoin has 100 billion.

Because Musk is a genius and a madman at the same time.

Because he bought a lot and couldn't sell them.

How do Chinese people buy Dogecoin?

Because Musk spoke inconsistently, he actively stood up for Dogecoin before, and later slandered Dogecoin, which led to a sharp drop in **, so it caused the co-founder's dissatisfaction.

Because Musk was optimistic about Bitcoin before, under Musk's influence, the value of various virtual currencies has soared, and now Musk is not optimistic about Bitcoin, so Dogecoin is also a lot.

Because Musk is particularly active in speculating on Dogecoin, the whole market is crazy, making the market very bad, and causing very bad results, so it will cause this contradiction.

Musk announced that Tesla would no longer accept Bitcoin payments, and Dogecoin co-founder Palmer then angrily scolded "Musk has always been a selfish **". Musk said that Tesla accepts Bitcoin payments for a while, and there is a revocation for a while, and a moment he questions and a moment he endorses Dogecoin. Dogecoin, because of his words, will skyrocket and flash crash.

Because Dogecoin is a virtual currency, it cannot directly replace physical payment, and **is not so high, so it is said to be a**.

I think that's it, there's nothing or something on paper, so something like a bond can still see a few pieces of paper, then this kind of dog B is a kind of **.

Dogecoin is a virtual currency, and the current rise is still relatively good, but the future development trend is not necessarily, and it is a particularly unstable thing.

Because this currency is very unstable, and the situation is not good at the moment, there is a big problem with the security performance.

As the most loyal fan of Dogecoin, Musk recently put forward his views on Dogecoin in a variety show, proposing that whether Dogecoin is the future or ** should be chosen by investors themselves. And his remarks really scared many Dogecoin fansBecause Musk's relationship with Dogecoin was so close before, and Musk repeatedly promoted Dogecoin on Twitter, investors also followed his beliefs to invest in Dogecoin, but now this statement can't help but make investors feel panicked.

1. Musk's attitude towards Dogecoin is ambiguous After Musk's remarks in the variety show were broadcast, Dogecoin's ** appeared**, and as of May 9, Dogecoin** has fallen more. As early as Tesla announced an investment of $1.5 billion to buy Bitcoin, Musk tweeted about his love for Dogecoin, with the deepening of the Musk effect, Dogecoin's ** growth has also risen, only in 2019 2020 in one year, Dogecoin rose by more than 20168%, with a market value of more than $90 billion. And now, Musk's attitude towards Dogecoin has taken a sharp turn and believes that it could be a **.

This has undoubtedly angered many investors.

2. Is cryptocurrency really a game?

Many people's attitude towards cryptocurrencies is uncertain, on the one hand, its value will also be driven by the driving factors behind it**, and some people recognize cryptocurrencies as an unstoppable financial instrument for the future. However, there are also some people who believe that there is no real economy as a support, and at the same time, there are no clear regulations to escort cryptocurrencies, and the so-called value of cryptocurrencies cannot be seen. Especially for Dogecoin, for example, the current market is very focused on the risk of Dogecoin, Dogecoin's ** is very concentrated, among which the primary customer has played an absolutely dominant role in the direction of Dogecoin**, Dogecoin in the early stage **crazy** is irrational, and its specific value is also not guaranteed.

Musk's attitude towards Dogecoin has always been ambiguous, and some of his remarks on Twitter to incite investors to buy Dogecoin in large quantities and bring the value of the entire currency circle up, which is itself a hype behavior, and whether the movement of Dogecoin ** is linked to the world financial system remains to be verified. Investors need to be cautious and wait and see.