I bought another cryptocurrency today - Dogecoin. I bought Dogecoin on Robinhood today. For cryptocurrencies on Robinhood, there is a chat feature available. The chat on Dogecoin today has been pretty funny, and (almost) worth the $10 I invested. I should probably learn more about crypto before I keep buying more, but again, I couldn't miss out on buying Dogecoin.
As of right now, I'm up $0.46 on my $10 purchase, which would be a 4.6% gain. I put $10 down on Dogecoin because if I lose $10, it's not a huge loss. (I don't drink alcohol, so I would consider this the same amount of money as "going out for a cold one with the boys"). Would I put $100 on cryptocurrency? Maybe Bitcoin, because it's reputable, and there's actually a limit to how much Bitcoin there can be in the world, therefore giving it some sense of value.
If I lose all of my money on cryptocurrency, OK. It's been fun to make trades after 4:00 P.M. It's been fun to make multiple trades a day. It's been fun to be a part of something "new" (new to Robinhood). I'll obviously keep my regular stocks going, but crypto so far has been fun.
Do you have Dogecoin?