Some people have invested a good amount of money on Dogecoin. When they invested, they bought Dogecoin when the price was much lower. Buying Dogecoin now would not see as big of a return as if you invested when Dogecoin was trading for pennies.
Dogecoin millionaire. Glauber Contessoto invested $180,000 when Dogecoin was about 4.5 cents on February 5. By April 15, Glauber was a Dogecoin millionaire.
Investing early was smart but also risky. Glauber could have easily lost his entire investment if Dogecoin went down instead of up.
Glauber sold all of his stock in Tesla and Uber and also borrowed money on margin with Robinhood. This was a big gamble for anyone to make. Glauber was positive the price of Dogecoin was going to rise.
Dogecoin supply. Dogecoin does not have a limited supply as Bitcoin does. The creators wanted Dogecoin to tip others. At the current rate, 10,000 new Dogecoins can be created every minute. Over a year, this comes out to 5.2 billion Dogecoins can be created.
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Source: https://tomhandy1.medium.com/how-you-can-buy-dogecoin-like-a-professional-trader-1596056b26ba?source=rss——-8—————–cryptocurrency
