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  • What if you have invested a thousand dollars in cryptocurrencies around five years ago,

  • that's not that long ago, a year before the 2017 crash. How much your thousand dollars

  • would worth today? A thousand dollars in bitcoin in 2016 would

  • worth around $148K. That is an insane rate of return. Stock market investors can't even

  • dream about that kind of return. How about Ethereum? How much would a 1K dollar invested

  • in Ethereum worth today?  $273,716.

  • Can you imagine that a 5K dollar invested in Ethereum 5 years ago would have turned

  • you into a millionaire today. That's insane if you ask me.

  • What could be better than that? I am gonna tell you what is better than that!

  • Dogecoin? 


  • I can't believe what I am about to tell you because it sounds like a joke because it suppose

  • to be a joke but its not! Dogecoin has grown so much that 1K dollars invested in 2016 would

  • have turned to over a million dollars today. Instead of buying that brand new iPhone 7

  • in 2016, you could have purchased a dogecoin for the same amount of money, and today you

  • could have called yourself a millionaire. Did your iPhone earn a million dollars since

  • then? I don't think so? 


  • Let's get back to reality. There is no point in looking back and regretting because it's

  • life and opportunities come and go. But the fact is, we are in the middle of a technological

  • revolution that's has the potential not to change the financial system but pretty much

  • everything else. If in 2017, it seemed impossible, today it seems like we are at that point of

  • no return, especially when a crypto company finally went public

  • Just a year ago, it was impossible to imagine

  • that we will have a crypto platform going public on the Nasdaq. For a long time, bitcoin

  • or cryptos were considered this little asset used only for undercover activities. Going

  • mainstream was something not so easy to imagine, especially since the 2017 crash where a lot

  • of people lost fortunes investing in bitcoin and stayed pretty much away from it. Coinbase

  • is America's largest cryptocurrency exchange platform where you can buy, sell different

  • kinds of cryptocurrencies, but besides that, they offer online wallets, or you can loan

  • your bitcoin to them and earn interest like you would with USD with traditional banks

  • and a bunch of other services. But of course, their main source of revenue comes from transaction

  • fees whenever you buy or sell crypto. 


  • Coinbases stock spiked on the first day to

  • the point where the company was valued at over 100 billion dollars for a brief moment.

  • That's a great start for a company that trades such volatile assets as bitcoin

  • One of the biggest Coinbase investors is Ark

  • Invest. Cathie woods, the woman who believes so deeply in Tesla, her prediction that Tesla

  • would worth trillions once its self-driving technology is ready. She, Also predicts that

  • it's just the beginning for Coinbase, and it will only grow. No wonder why ARK invested

  • 64 million dollars in CoinbaseCoinbase is making trading bitcoin and other

  • cryptocurrencies easy and simple. The company has around 56 million "verified users" so

  • far. If we want bitcoin to be mainstream, it should be easy to use and pass government

  • regulations. But on the other hand, transaction fees are

  • a bit too high, which is against what bitcoin was made for initially.

  • Because the point of bitcoin was to create a decentralized system where everyone can

  • send or receive money anonymously without the middleman, and Coinbase is literally that

  • middle man, a bank for cryptos. Even your online wallet is like a bank account.

  • I am not trying to criticize Coinbase. I am just saying how technology has evolved over

  • time. Of course, you send your bitcoins from an

  • online wallet to your cold wallet and keep them safe and secure from online wallets.

  • We actually made an entire video explaining how to buy bitcoins, how to store them, and

  • the pros and cons of using an online wallet. And what is the safest way to store your bitcoins?

  • The link will be in the description. 


  • But you know, what's more fascinating than

  • that is the fact that Dogecoin soared to a record high by more than 400 percent. I still

  • can't get my head around it. Literally, what started as a meme is now worth billions of

  • dollars.  


  • Dogecoin started as a joke, like an internet meme. It was never meant to be anything serious,

  • but Dogecoin's capitalization crossed 5 billion dollars by the end of January.

  • Imagine you create a meme, and then that meme turns into 5 billion dollars. That's probably

  • the most expensive meme in the world. And then the world's richest person keeps twitting

  • about it till it grows to dozens of billions of dollars, and in the last few days, dogecoin

  • capitalization crossed 52 billion dollars. Honestly, I am shocked!

  • It seems so unreal that I just can't believe

  • it, but whether I like it or not, it doesn't matter. That's what's happening. These are

  • the facts on the ground. I think the excitement around coin bases IPO

  • drove so many new investors to buy different kinds of cryptocurrencies that it inflated

  • the entire market Even more. Even bitcoin is trading at around 64K dollars at the time

  • f this script.  


  • Whatever is happening to crypto now is definitely not sustainable. We have already talked in

  • a previous video about why the entire market, including cryptos, will most likely experience

  • a correction or a crash . Because right now, we are in that situation where trillions are

  • pumped into the economy, and the fed knows that if it stops pumping so much money into

  • the economy, the economic machine could stop, and reloading the economy is much more difficult

  • and expensive than keeping it rolling at the expense of inflation. So the fed is watching

  • from a side to raise interest rates and stop that inflation whenever it seems like we are

  • back on track and there is no fear of another covid cases spike.

  • That doesn't mean that crypto will crash to

  • zero, and that's the end of bitcoin. The IPO of Coinbase is clear evidence that from now

  • onwards, crypto will just keep growing, but like any other technology, it's still at its

  • initial phase. Some enthusiasts think that bitcoin is at its peak, and I disagree with

  • that, I think we need another 10 or 15 years to see the real fruits of blockchain and cryptocurrencies,

  • and before that happens, the technology is going to go through a lot of volatility. That

  • could mean many more crashes, it could mean a lot of more spikes, but as the demand grows,

  • the trend is definitely going to be upwards. 


  • The fact that there is a limited number of bitcoins, for example, already means that

  • we can't adjust the supply based on demand. More demand, while there is a limited supply,

  • means higher prices. That's basic economics.  


  • But the fact that we have so many cryptocurrencies that are coming out and are valued at insane

  • valuations is similar to what happened back with the internet, where we had websites such

  • as pets.com that also had insane valuation. Not to say that Dogecoin is going to fail

  • or anything similar to that. Online time will tell you,

  • However, often when a small crash happens

  • to an asset that's not stable, such as cryptocurrencies, they can shake the market pretty hard and

  • cause a snowball effect where it will scare off investors, and prices will plummet much

  • more than they should. 


  • Anyways, If you have enjoyed this video, you will most definitely enjoy this custom playlist

  • that I have created specifically for you that has our most popular videos on business, investing,

  • and the stock market that can potentially change your life.

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What if you have invested a thousand dollars in cryptocurrencies around five years ago,

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Dogecoin is Skyrocketing - A Warning To All Investors!

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    Summer posted on 2021/04/19
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