Who says Dogecoin doesn't have a use case?

in LeoFinance2 months ago

Everywhere you turn, there's Dogecoin. Serious people talk about it, usually pinpointing its shortcomings, influencers won't say two consecutive phrases without mentioning it, and regular people simply want to adopt the cute little doggy. Hmm, I wonder what cat people feel about all this? They must create their own KITTYcoin asap.

If you're like me, you look at Dogecoin and the whole craziness surrounding it with detachment and sometimes with amusement. Bingo! That's the use case for dogecoin! And it was all along. To be a joke, to provoke laughter, amusement. It works on me, sometimes.

Will it graduate to other use cases? I have no idea. Some say it might. Others on the contrary, that it will always be a joke. But until then, it has the base use case. Lol, haha, and lots of fun and excitement on the way up. I wonder how it will be on the way down.

image.png
Source

I never check the evolution of DOGE. From what others write I become aware of its price from time to time. As I was surprised when someone mentioned it slowly went all the way up to number 5 by market cap in the cryptosphere. If that's not funny, I don't know what is!

I probably wouldn't be so amused at times if I previously held significant amounts of DOGE and dispose of them before the pump. But I never held them. Even when I received them from faucets, immediately after payout I turned them into something else. So I have nothing to feel sorry about.

I still have a couple of DOGE received from crypto.com supercharger recently. I'll hold on to those, regardless of their evolution. As amusing as this whole thing seems, I wouldn't want to look back years after these days and realize that the joke was on me, not on the funny coin buyers and holders.

Posted Using LeoFinance Beta

Sort:  

I still have a couple of DOGE received from crypto.com supercharger recently.

Me too but I've been thinking about turning my supercharger coins into CRO via the dust facility. I have so little that I can't even take them off the exchange.

Unless I increase my amount of CRO there doesn't seem much point into continuing with the supercharger. And if I increase it I'm thinking a better use might be to stake it and then get some returns on other coins.

I'm still sitting on the fence . . .

Posted Using LeoFinance Beta

That's what I do with them too, usually. But I'll wait for a little while, they may evolve better than CRO for the rest of this bull run.

I haven't decided exactly what I'll do with CRO on the exchange. I still have most of it staked for the APR and will decide after the 180 days of locking which should be soon.

I might decide to exchange to a stablecoin and rebuy CRO lower later on. Ultimately, my first goal here is to upgrade the card to the next tier for a higher cashback percent, mostly.

Posted Using LeoFinance Beta

I don't have the 5000K minimum needed to stake but have been thinking about buying more.

You can't do supercharger if they're staked can you? I think it's one or the other.

I need to look more closely at the card. It didn't look that good of a deal to me but a few people now have said they're really going for it.

Posted Using LeoFinance Beta

You can stake less than 5k, but you'll lose the higher bonus. I think you still receive 50$ worth of CRO if you stake 5000 CRO directly. Plus the APR, of course. And access to the Syndicate, if you want it, and some trading fees rebates. For the Syndicate, you need 5k dollars worth of trades in the last 30 days to be able to participate. I participated earlier, but gave up. I'd either have to spend too much time trading or lose on trading fees, and it's not always worth it.

You can't do supercharger if they're staked can you? I think it's one or the other.

Yes, it's one or the other. You can't touch your staked CRO on the exchange for 180 days. And if you stake more, the timer resets to 180 days from the most recent stake operation.

I need to look more closely at the card. It didn't look that good of a deal to me but a few people now have said they're really going for it.

I use it for pretty much all purchases both online and offline (not all qualify for cashback - stuff like utility bills, except for internet in my case, gas, etc. don't qualify for cashback). And I top it up with fiat using my bank-issued card.

Posted Using LeoFinance Beta

if you stake more, the timer resets to 180 days from the most recent stake operation.

I wasn't aware of that. I'll bear it in mind if I decide to stake. I think I might dollar cost average into 5K

I'm still not sure about the credit card as I get money back etc. on my Fiat ones. It doesn't help that I don't have a long term strategy for CRO. I sort of stumbled into using CDC because they had a direct GBP/BTC pair. Then they didn't and I went back to using ProCoinbase but now they do again.

On the one hand I'm happy to spread my risk by staking on different exchanges (although that's not available of ProCoinbase) and on the other hand I don't like how much time it takes to manage crypto that's all over the place. Especially as it's currently very small amounts.

I'm in the process of consolidating but I have gaps in my overall strategy.

Posted Using LeoFinance Beta

I have used Dogecoin in my small community as prizes for gaming competitions, and I also accept Dogecoin when I sell crops (fruits/vegetables).

Posted Using LeoFinance Beta

That's nice! The smaller fee makes it more suitable for smaller transactions, yes, but there are coins even better suited for this kind of transactions, like XLM and maybe even LTC.

Posted Using LeoFinance Beta