Yeah but Dogecoin is actually decent for transferring between exchanges. Low fee and fast confirmation.
Mainly I use ETH and a few times LTC to transfer between exchanges but I have used DOGE also and it was fast and inexpensive.
That's what matters to me.
Also I have been following /r/dogecoin for a very long time even though I am not interested in holding any significant amount of DOGE. They have a happy, nice and friendly community.
So people who are watching from the sideline saying "look at this bubble even a joke currency is valued at a billion dollars" - well, those people plain don't get it.
But I look forward to hearing in a few years how they "could have bought into crypto" but they "just didn't get around to" and "it's not fair" and "they could have been rich too".
And by look forward to hearing I mean I don't. Either take part or don't.
The people who think that they could "just" have put some money in crypto and gotten rich have no idea. They don't know the doubt. Did I make the right call? They don't know how hard it is to hold when the market is falling. All they see is x amount of money in, y amount out. But they don't know what goes on between those two points in time.
However, there are some things you can do:
- Invest only in that which you believe in. Don't buy something just because it's "cheap" or because it's the subject of hype for the hour.
- Buy low, sell high. Don't FOMO and don't panic.
If you believe in what you've bought, you will be able to hold even when it goes deep down red.
If you buy shit you don't believe in you will panic when it falls and you will sell at a loss.
This is not financial advice. Do your own research etc etc etc
Good technology is no guarantee though and likewise bad technology can get hyped up.
Also, don't use BTC to transfer between exchanges. BTC fees are horrible and confirmation times are long.