Im a total novice and just bought my first crypto. I wanted to buy it at 3 cent a few month ago, but did not. That made me so mad that I just bought a little bit of dogecoin, for 67 cent now, the highest it has ever been. Call me crazy but I am 100% convinced that it goes up after Elon Musk is hosting SNL this week. It sounds fishy, I know and I might be the biggest idiot on earth for this.

What do you guys think? What to do? Sell off after the weekend when prices surge as expected? I would be grateful for any advice or opinion on this.

Less people watch SNL than follow his twitter, probably by a significant amount. I was looking for the footage of him since I thought it was last week, apparently a lot of the cast members don't really like him because hes rich, it's probably not going to be anything special.

Whatever you invested today is probably the equivalent of one hand of poker. Delete the app, log back in 3 years from now and see if you hit the lottery. Is your goal to make a 50% return?

My lowest risk, best return trades have always started with the thought process above. Godspeed, washoe.

All I know is what you said in the initial post is the exact thing I've overheard from multiple people in the poker room, independently of one another, who are about as unsophisticated investors as you can get. I'm curious to see what happens.

y'all are crazy if you arent trading doge

I'm in team **** doge coin, but can't deny you could have easily made a ton this year just by buying and holding.

I actually think the market is so insane for doge that if he mentions it, it will pop off again.

It's a good point to think that his twitter has a bigger following than the viewership snl will have, but it doesn't end there, it will be all the articles and press from his appearance that will make it bigger than just the show.

Seems like, for now, if you don't mind short term cap gains tax you can prolly make a bit loading up right now and selling sometime in the next week or two.


As a side note, doge is off a bit from when OP says they got in, I got $59 right now fwiw.

It certainly doesn’t matter how many people watch snl. The pumpers prolly just manifest $1 at this point, but I’m not getting in

It's strange because it feels like $1 Dogecoin is guaranteed but also feels like a crash at $1 is also guaranteed so be careful. A lot of people are going to get hurt.

Please be careful. I don't want any people to get hurt by this. You are making good arguements about the after effects of the show. SNL is probably not what it used to be, but it still is a great show, isn't it? I haven't watched SNL in ages, since they don't show it in Europe as much or at all I think.

I was thinking, what if he doesn't mention it? What if he mentioned it? What if he says TESLA is accepting dogs? Could he do this? He made some cryptic tweets they say about doge.

Mark Cuban said he wants to accept doge didn't he? I'll have to check on that right now. What if many vendors will follow after the weekend? Is it possible?

Is it possible that Bitcoin got too high for investors and they are looking for better options? I heard that argument from coindesk vid I think.

What if he messes up his host? Although I really have faith in that guy. Whatever he touches turns to gold. He basically owns the world and can't mess up, right?

I know it went down 10 cents from where I bought it. But not sweating yet. Saturday or Sunday will bring certainty imo.

Thank you bro.

You're probably right with the Twitter. But SNL is still a big thing I assume. I'm really not sure.
To me SNL is a classic, the biggest audience for a comedian and the makers of so many great comics. All the greats? Maybe. In the US for sure id guess.

No, no it's this weekend. I read about some cast members not being happy with some comments Elton makes about the show. Idk why, but my first impression was that maybe they feel intimidated by him. I mean he could just buy the whole show if he wanted to. And maybe some people have default hate billionaire mode.
Or some comedians are in reality just bitter and hating. That's partly what I heard about the world of comedians. It could be a myth. I'm not really sure..

You know what happens if everyone thinks Doge is going to go up because of some anticipated skit Elon is going to do on SNL? I would say it would tank. However, I wouldn't bet against Doge, until coinbase adds it. Then short away. Guessing coinbase is loading up as we speak as we all know they love to front run their coin adds. They make billions on it and get fined $6 mil.

It could be one hand you're right.
And you're right, the goal isn't 50% or 200%.
I keep your advice in mind. Thanks bro.

I'm seing new icons for doge and pop up messages from Kraken about new doge icons and stuff. Doge is in everyone's mouth now.

So you think once coinbase adds doge it's a big thing?
I have to look into coinbase more. I think it's the 2 biggest crypto platform?

If I knew elon was on the show I would have bought at 20 cents. I'm an idiot who didn't do his homework. I was contemplating buying it and then decided to watch intead. When it hit 70 I was certain.

I hope you're not right but it does make sense what you're saying. What if he says something about doge on the show? Would it be advertisement for something else? Would he do even do it? He wouldn't be saying TESLA is accepting doge on the show would he? That doesn't make too much sense for me. Sorry for so many stupid questions. I'm a little in the edge here.

At least I don't have to sweat no flush cards for a while..

Doge has inflation of about 5.5% for the rest of it's existence. It's rise will not be sustainable by any means especially when it's up against coins who's inflation is constantly getting cut. I never **** with the Doge and anybody jumping in now is very very likely to get burned.

Buy a crypto because of it's long term viability and because you understand the variables of the crypto. Don't buy one because the price is ripping and you have no clue about how it compares to other options.

Doge has bubbled MANY MANY times before. Never this big, but it surely will do the same with the inflation rate it has.

Inflation is small fry and how the small mind thinks (you'll never get rich thinking small!)

Personally I'm ok with paying $80 billion for a made up digital joke coin on the odds it will go to $160 billion because a car company CEO will go on SNL.

As an aspiring trader I have printscreened this and will likely reference it at times to help me on my journey to a 7 fig portfolio. Thank you

Sent from my SM-A515W using Tapatalk

I bought two Tesla 665 calls expiring tomorrow that I’m up 40% on from this morning. I don’t like Tesla or Elon musk, but your thread got me thinking that it’s worth a gamble. Would never buy doge coin though. Tesla is bad enough.

Doge is the ultimate in bubble coin technology. I timed this one disastrously wrong by selling everything at around 7c on the first pump (did ****ing great on this trade though). I thought it was going from 7c back down to zero before it would invariably do the same **** again later.

Still though, by far the most likely thing is for this bubble to pop at some point and for there to be obscene wreckage. What that will look like though is any future rich person's guess. The previous pops were nothing. It's 80b now with billionaire blessings.

The most outrageous thing to me personally would be if doge just somehow held a top 5 spot for a year+ at some insane price point like 50c+

popular meme in crypto-twitter is that its always the 50iq and 150iq people making the money while the 120iq get wrecked.

50iq: nice meme, buy
120iq: it doesn't have fundamental value, ponzi blablabla
150iq: trend-following, if elon tweets 3 times it's high prob he will continue, EV skewed towards the upside.

This SNL thing feels as it could be buy the rumour sell the news, like the coinbase IPO. everyone who has doge will wait to see what elon says, if its just some general comments it will probably dump right after the show. But the edge was probably more in the buy the rumour part, since there is still uncertainty, he might actually talk very positively about it in case it could go up way more then it would go down if nothing happens.

This is my favorite version of TS

here's some talk on doge, not the whole podcast but just a bit that aligns with my thinking
https://pca.st/6jea261w

the Tesla calls paid handsomely, but so would have any other tech stock really on a 1 DTE. Sold near days top up til now $677. Always take the money.