Welcome to BitBoy Crypto!
My name is Ben.
Guys, today, I want to talk about Dogecoin.
Now, some of you guys may have caught the Sam Bankman-Fried-Erik Vorhees podcast
that was on the Bankless podcast yesterday.
I have a ton of thoughts about that.
Sam Bankman-Fried is the devil.
I don't know if you guys have figured that out yet.
But I'm going to be commenting more on that later tonight.
I'm going to have another video for you guys late tonight,
where I'm going to go over that because it's time-sensitive.
I've got to get my thoughts out on it.
A lot of people want to know what I think.
Because I was the first person to sound the alarm on it.
But right now, first and foremost, Dogecoin is pumping to the moon
and people want to why!
Nobody wants to know why.
Everybody wants--
everybody knows why.
People want to know if it's going to continue or not.
And I made a tweet on--
what is that website called?
Oh, it's like the--
twitter.com
I made a tweet on twitter.com about Dogecoin, where I said,
"I don't care what happens. I'm not buying Dogecoin."
And I'm just not going to do it.
I think what you guys are going to see is,
is that
on this channel going forward,
you should probably have been able to tell this all year,
we're doing things differently,
and we want to have a more mature audience.
We want to have a more mature philosophy than we did in the last bull run.
Every time you go through a bull run and a bear market,
you'll find you mature a little bit as an investor and, you know, a person making content.
Of course, we don't give financial advice on this channel.
But, you know, to me,
Dogecoin does not fit in my ideals of what I want to be buying in crypto.
It just doesn't.
It doesn't do anything.
It's a memecoin, yada, yada, yada.
But, of course, some of you guys weren't around back then,
but in 200--
I think it was July of 2019,
the first time that Elon Musk tweeted about Dogecoin
saying he was the CEO of DOGE.
It was real funny for a couple days.
We all laughed.
And, you know, it turned into, you know, a gigantic pump in the last bull run
because of Elon Musk.
Elon Musk now owns Twitter,
so, of course, people are making all kinds of speculation about what's going to happen.
Is Elon Musk going to pump Dogecoin to the moon?
Is he going to integrate Dogecoin into payments, into Twitter?
Great if he does.
But you know what he's also going to do?
He's also going to integrate Ethereum.
He's also going to integrate Bitcoin.
He's not just going to integrate Dogecoin.
So Dogecoin could certainly have a lot of upside based on that.
But I refuse to live in the speculation of what Elon Musk will or will not do.
Because if you live within that speculation,
history shows you will get crushed.
Because, obviously, the moment he went on Saturday Night Live,
that was the peak of Dogecoin,
it crashed after that.
And he wasn't there to save it.
And what happened is, the more he tweeted about it,
actually, it's kept losing power over time.
And so when you look at Dogecoin right now,
obviously, you don't want to buy it today.
Obviously.
Is it okay to buy Dogecoin for short-term pumps?
Potentially, but we can't really--
we can't really predict what Elon Musk is going to do.
And so because of that,
to me, I just don't think it's a safe pick.
When you're counting on--
here's what it boils down to.
You're counting on one man.
That's it!
You're counting on one man to deliver this coin to the promised land for you.
If it's not for this one man,
if he doesn't do exactly what you think he's going to do,
or if this gigantic $248 billion lawsuit against him on behalf of, you know,
some Dogecoin holders or something like that,
which is stupid, it's not going to go anywhere,
but if it did,
or if there was another lawsuit,
or if the SEC came out and investigated him,
that could make him change what he's doing with Dogecoin.
And you have to understand that now that he owns Twitter,
integrating Dogecoin for his own personal benefit,
maybe something the SEC looks at and goes after.
And so I just don't think it's a slam dunk as a lot of people do
that Dogecoin is going to pump to the moon because Elon Musk now owns Twitter.
Is it a possibility?
Sure. Yeah, it's a possibility.
Is it likely?
I don't know.
Is it 50-50?
Maybe.
I'm not willing to take a flier on a coin that I'm counting on one man for.
I'm just not.
I'm going to go with Cardano.
It's having tons of stuff built on top of it.
I'm going to go with XRP
that once the suppression of the SEC case is over, we know where it's going to go.
Okay?
I'm going to go with Ethereum
that has more developers and more dApps and more use than anything else,
plus the Ethereum Merge rolled into it.
I'm going to go with Bitcoin, right?
Been around forever. We know it's going to go up over time.
You know, not financial advice, but it has so far.
So I'm going to look for--
I cannot with a clear conscience have people come into the space,
watch my channel,
you know, we are the mainstream channel here in the world of crypto,
and tell people it's a great idea to buy Dogecoin.
I'm just not going to do it.
So, does that mean that the price of Dogecoin is not going to go up?
It certainly may.
If Elon Musk, if this one man you're counting on comes through for you,
certainly, the price of Dogecoin is going to go up.
And look, guys, certainly, the price of Dogecoin is going to go up from where it has been.
It's been around forever.
It's one of the oldest altcoins.
It's going to be around.
SHIB, I can't really speak to,
but Dogecoin does have a little bit of utility, a little bit of use case,
a little bit of community from just being an OG in crypto,
so I'm not slamming Dogecoin.
I want people to understand this.
Dogecoin has been around.
It's part of the, you know, of the lore of the history of crypto.
I've respected it over time.
I respect it way more than I respect something like Shiba.
But for me, it doesn't fit into my investment plans.
If I go over, if I say my five things that I vote on, or I pick coins on,
are based off of team,
are based off of philosophy,
are based off of community,
are based off of use case,
and are based off of tokenomics,
Dogecoin does not fit those. Okay?
What does Dogecoin fit?
One man.
That's it.
So,
what should you really take from this video?
I don't know.
Buy Dogecoin if you want.
Don't buy if you don't want to.
But it's been absolutely pumping.
But you have to remember this.
If you are betting on Dogecoin,
you're betting on one man.
And that's it.
One man alone.
If he doesn't come through for you,
it's not going to come back.
The investment isn't going to come back to what you want it to.
If it does,
then there's certainly a lot of upside.
So the smartest thing you can do if you are going to invest in Dogecoin
is to just make it a piece of your portfolio, not the entire piece of your portfolio.
I would say, please, please, please don't have more than 15% of your portfolio in Dogecoin.
Please, please, please, please, please don't.
That's all I can ask.
Alright, guys. That's all I got.
I'll be back later tonight with my thoughts on SBF,
Satan himself.
That's all I got.
Be blessed.
BitBoy out.