Is this a coin for the dogs?

in #hive-1679222 years ago

With two posts about my recent crypto purchases in the last week, I am slowly feeling like I'm getting my crypto mojo back. In my early Hive days (on the other platform), I used to write quite a lot of crypto-related posts. I also used to write more 'serious' posts there, which is also something I'm considering picking back up every now and then.

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source edited in LunaPic

However, my crypto posts were always quite well received. At the time, a lot of people would tell me that I explained things in a way anyone could easily understand, and even though it's been years since then, there is really still no other way for me to write about the subject. My skills stop where it gets very technical, unless I've spent hours researching, and right now, there's just no time for that. Anyway, I will spare you the inner workings of yours truly, so let's take the bull by the horns, and the bear by the ears and dive into the world of shitcoins once more!

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When the little voice takes over from common sense and brings results

Hey, I was there when the whole shazam with Dogecoin started. The doge already existed when I came into the crypto world, and back then, like many others, I laughed at its mere presence in the crypto space.

Back then it was worth around $0.0002 and I didn't see it go anywhere. Little did I know that only a few years later, Elon Musk would step in and pump the damn thing to $0.63, making me look like the stupid one, instead of the stupid coin...

But even after it came back down again, I wouldn't touch it with a pole... Trust me, I've thought about buying at least $50.00 worth many, many times. But I didn't.
In the land of the blind, one eye is king, after all, and in my kingdom, I was the one-eyed one...

Until a few weeks ago, I wouldn't have considered buying a meme coin, or anything related to it.
But then a little bird came along, and everything changed.

I mean, shitcoin is shitcoin, whichever way you want to turn it.
And I've bought some before, so there's no shame in buying a meme coin sometimes. Profit is profit...

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Twitter: the place to be for shitcoins

I went through several accounts on Twitter, when my eye fell on one token in particular. It had doge written all over it but this time, it wasn't a meme coin. I quickly checked Coingecko, and to my surprise, I saw it was trending there.
Their website looked like my 12-year-old son could have made it... I still decided to buy. On a hunch.
Not a quality & well- thought-out kind of hunch but more a 'my gut is telling me to get this' kinda hunch...

Between me deciding that I'd buy, and me getting money into my MEXC Global account (I didn't want to go the UniSwap route) in order to buy, the stupid thing had already moved up from $0.0012
to $0.0022... DAMN! Apparently my trigger fingers are a bit rusty these days. Need to work on those...

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MEXC my bringer of Good-Luck

Not only was it a good gut feeling buying this token, but also making the choice to buy it on MEXC was a good one.
You probably think now: 'Why the hell should it matter?' Well, I'll tell you...

I'm not even mentioning the Uniswap fees in this one, that speaks for itself.
No, this is different. And I was DAMN lucky. Don't think you'll ever get this lucky hehe. I've only managed to get into something similar 3 times or so, this one included. So that's not a lot.

Ok, so what happened? Well, only minutes after I bought the thing (no worries, I will tell you which coin it is, eventually) I saw it fly up quite quickly on Mexc. Now, on Dextools it flew up as well, but not as fast as MEXC. I knew right away that there was a pump & dump group at work there so I made a decision to put in a sell order at 0.0065 before it even hit 0.0045. It was a lucky guess that could have gone the other way. I know. However, I would have just held on to the coins and that would have been that.

Instead, the sell order went through pretty quickly. Pretty profit! Whoop!
I'd bought $60.00 worth for $0.0022 and sold only minutes later for 0.0065, which gave me a whopping $115.00 profit!

As I suspected, it was only a short pump as it went up to $0.0072 and then went back down swiftly.
I decided to take half the money and put it back in the 'I-need-to-be-smart-fund' and the other half, I used to buy the same token again at $0.0032 a few hours later when things stabilized a bit. It's been hanging at that number steadily now, fluctuating only a little bit here and there. It might make a bold move again and I'll be ready for it. Nothing lost, more gained. That's what I call a win/win situation.
The Crypto Gods are with me again!

The coin in Question isn't for the dogs...

Of course...after all my babbling about how I did with this one, you'd like to know which wonderful token (or not) I am talking about. The thing is called Dogechain. Yup. Good old doge etc. etc. Hahaha. You didn't see that one coming, did you?

Me neither. I just picked up the tip somewhere on Twitter and followed it. It turned out to be good tracking.
Only a few years ago, I wouldn't have lowered myself into Doge territory but now my standards have been set significantly lower LOL.

So what the hell is Dogechain?

You can check all of their info on their website here but the best information I've seen is what Coingecko.com gave here in their Twitter account.
I can't top that, so I'm not going to.

What it comes down to is that I actually didn't buy such a big shitcoin after all. Or maybe I did. I don't think so though.

But like with everything, only time will tell.

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Not playing with shitcoins anymore myself. It's pretty much gambling. There's little to no coins that have outperformed Bitcoin's gains.

That's true...And I rarely gamble that way. But lately it's the only way for me to pay my bills...so it's a gamble I must take haha.