There you have it. I’ve decided to buy dogecoin. And in a bold move I’m buying a bunch of it and dollar cost averaging in. I have purchased a sum of it so far and have the remainder ready to buy in the coming weeks. Watch to see why I am doing so. Could this be my next moon shot win? It might be possible.
How’s it going everybody this is beat the bush today i’m gonna talk about why i bought into dog coin and why i think it’s gonna go up in the future this video is brought to you by weeble don’t forget to get your two free shares of stock just for depositing a hundred dollars check out my referral link down in the video description below let me cut to the chase here
Here’s a screen cap of what i already purchased which is about 20k of it it’s highly highly volatile it went up to 7 cents per dog coin down to five cents now that’s why it’s minus twenty percent you can see i’m taking a steep loss over here four thousand dollars now this is not quite one million dog coins here it’s only three 320 000 dog coins now i also have
30 000 of us dollars that’s in there lined up to buy some more dog coin i’m just waiting to sort of dollar cost average into it just in case i bought right at the peak which i sort of did i’m pretty glad i’m dollar cost averaging because you can see over here on february 8th i bought 1 000 worth of it and robin hood lets you buy into it right away right on the
Same time that you deposit your one thousand dollars they give you this little buffer room type of thing and then i went ahead on february 12th four days later after my fifty thousand dollars cleared i bought another ten thousand dollars of it at seven point one four cents and then on february 20th this is eight days later i bought another ten thousand dollars
Worth this is about the time i would buy another batch of it at five cents each but i think i’m gonna wait a little bit longer just in case it drops to like four cents or three cents or what not you can see at the bottom of this screen capture that i still have about 30k of buying power left and by the time i expend all of this i might just have close to one
Million dog coins now why would i buy something like this when the creator of dog coin just created it as a joke basically this whole thing is a joke and sometimes i feel like when i am investing in money that i don’t really need it’s kind of like a joke it’s kind of like entertainment for me so this is purely speculative you certainly should not contribute
Way too much of your whole net worth into dog coin for me personally 50k represents close about three three percent four percent of my total net worth um not liquid net worth though my entire network including my giant house that costs a lot of money locks up a lot of capital in there and even at three percent you want to go why would you do such a thing there’s
A lot of other coins better than dog coin some people would argue the technicalities of it you know xrp some other blockchain technology that doesn’t have the flaws as bitcoin you know and bitcoin gets fixed or whatever there’s a lot of those things out there but sometimes you have to take a more simplistic view i think most of the people buying bitcoin which
Is a significant factor are not digging deep into how the heck do you mind how all the intricacies all the technicalities of it so i am investing in this purely on a speculative manner and also that because i like dog coin i like the cryptocurrency i like the dog i like the mascot this is basically it nothing else i have no insight on knowing if this is going
To go up in the future or what not but i do think that if you want to win a lot you at least need to play however you don’t want to play so much that it endangers your well-being because personally if i lose those fifty thousand dollars yes it’s going to hurt but i am not going to be on the streets i’m going to live exactly the same if i have planned vacation
It’s not going to change my vacation plans at all whatever i eat tonight it’s not going to change if dog coin went to zero just right this instant you guys are watching this video probably trying to figure out if you should buy it yourself i think that when you invest in something so volatile so risky you do have to invest in such a way that you don’t really
Care where it goes you have to hold on tight for a really really long time even if it dips 80 90 and i am i think i am mentally prepared for this 50k to drop all the way to 25k 20k and i probably won’t be sweating bullets or anything i’ll just be like oh oh wait you know it’ll go up and down like this hopefully if i wait two three years or something it’ll come
Back and my anticipated profits for this is somewhere between the 5 to 20 x range i know this is a lofty goal but this is one of these moonshot type of investment that i do all the time past being bitcoin me purchasing around 3500 and i sold it for like 17 000 or something i made like 5x gain i forget exactly how much but it’s a huge amount and i purchased into
Bitcoin tesla with the intention of it multiplying as well so this particular move is something like that i personally have no idea if this is going to happen or not or not but this is what a moon shot is and i think for most people they do not risk enough let me explain this further because if you don’t have a small percentage of your net worth in high risk
Investments you’re never going to make enormous amounts of money on those very small risks right you can think about maybe you bought bitcoin long time ago at i don’t know 10 cents per bitcoin right now it’s gonna be like crazy you could have spent only a hundred dollars long time ago but when you spent a hundred dollars long time ago this is highly highly
Speculative no one knew that bitcoin is gonna be as big as it is today so this is what i think dog coin might be it might not pan out but this is what i call putting a seed there so that at least i would have a chance of it going up if you don’t ever play the game of high risk you never ever going to win now cryptocurrencies i’m just looking at the price these
Days most of the time it spikes up it comes back down it stays there for like a year or two until people get really comfortable with the price it seems like people sort of forget a month ago if it was half the price and then it suddenly doubled or 15 x for dog coin from the past year it seems really really expensive right now but as soon as people see that oh
You know dog coin is holding up at five cents for like an entire year people start to get comfortable it’s like oh this is how much dog coin is intrinsically worth of course it’s not intrinsically worth anything it’s worth as much as someone else is going to pay for it so when you have the entire population feel like oh yeah this is how much it’s worth all of
A sudden when people are very used to the fact that dog coin is five cents then it’s gonna keep on going up to i don’t know 50 cents and then it’s gonna rest around there for like another six months or a year and then maybe it’s gonna go up a little bit more afterwards this is the same thing with bitcoin i think because you know back when it was 20k you know i
Thought it was expensive but now you know 50k is the norm now for bitcoin that’s how much it’s worth currently that’s how much everybody is paying for it right now and i know i said i’m not really gonna chase after this tesla roadster but i do think i need to put money in some speculative assets so that there is a possibility of happening if i don’t do something
Like this there is zero possibility not that i’m chasing after this roadster because it can happen it cannot happen i’m just gonna wait around i have you know i have time i’m just gonna wait around for like a few years just hold on to this asset i am willing to watch it go all the way down to 20k i think if it keeps on going below 20k i might just start to be
A little uncomfortable right now i only have 20k in dog coin right now and i feel like this might be towards my upper limit of comfort you know but i really really wanted to put 50k in there because i think four to five x fold increase in dog coin is reasonable to me from this point up judging by how volatile it is how cryptocurrencies are so volatile i think
This has a real possibility of it happening between one and three years from now so i’m going to keep on updating you guys you know if something big happens to dog coin or maybe if it drops yeah you know i’ll give another video on how i feel about this probably terrible if it you know drops by half or something because this represents a huge amount of money i do
Have to note that if you’re thinking about following me doing the same thing don’t invest too much of your invisible assets you can see how i am keeping it to a few percent of my net worth if your net worth is like 100k certainly you should not be putting 50k into dog coin you know there’s no yoloing going on for me over here if i really did yolo i would put like
Many hundreds of thousands of dollars in there so this is only a small uh fraction of my investable assets here thanks for watching don’t forget to give me a like and subscribe to keep up with uh what the heck is happening in the future for this dog coin and me thanks for watching you
Transcribed from video
Why I'm Buying 1,000,000 Dogecoins By BeatTheBush
