When it comes to value, the first time I learned about "value" was in my freshman year, when my calculus teacher recommended the value investment method of Wall Street patriarch Benjamin Graham. Time flies, and it was not until last year that I truly understood the essence of "value investment". That old man was really something. By then, I had already experienced several waves of ups and downs in the crypto world, and BTC has become an unattainable object for me, simply because I bought it at the bottom in the past, and now I feel it is too high to reach.
Similarly, in 2017, I bought 10 lots of Moutai at a price of over 300, but I did not see Moutai's "value" rise from over 700 to 2,500. This is also because I did not recognize the "value" of Moutai and why it went so crazy. It was because my understanding of "value" was not deep enough at the time, so I missed the opportunity. But now, looking back, missing it was perfect, as I took a different path and unexpectedly understood the value of BTC and Dogecoin!
Anyone who has studied economics knows that economics defines value as "an important attribute of commodities, which can ultimately be measured and converted into a single currency." But this definition of value itself is wrong. What exactly gives value to things? Why does Leonardo da Vinci's Mona Lisa have value? This is not explained in the economic definition, including some other values that the word itself does not define.
Moutai is just a bottle of liquor, and LV is just a plastic woven bag. Why is their liquor so valuable, and why can't other liquor of similar quality be sold at such a high price? Similarly, plastic woven bags of the same quality cannot be sold at the LV price. This involves a perception of value, and the "value of Dogecoin" we are talking about today is not written in the economic definition, nor is it a generalization of the market's concept of value, but a "value of the Internet"!
Today, we will talk about Dogecoin. Only by understanding its true value behind it can you know where it will land and where it will go in the future!
First, let's look at Dogecoin's performance in the past two weeks on the weekly chart. The price has soared straight to the sky, pulling up regardless of the cost, constantly attacking the historical high point. What made it pull up so hard in such a short time, even at the expense of the price level? Is it just because Musk brought it up? Or is there a major theme hidden behind it, and once this theme is announced, its price will rise even further, so they launched this "blitzkrieg" in a hurry after the election, without enough time for more low-cost purchases?
In fact, it's neither of these, but its intrinsic value. A sentence of reading, a page of true transmission, and now I will open the door to the "value of Dogecoin" for you. Success is a feast for the few, and I am just telling "this value" to those who believe in me.
Through the following content, you will get a few points:
- Why is ETH not hot?
- What is the value of Dogecoin?
- Where will it go in the future?
When it comes to the value of Dogecoin, we need to understand first why the current Ethereum is not hot, and why Dogecoin has been on fire since 2017 until now?
Li Ka-shing has a famous saying: "If 10% profit is reasonable, 11% profit is acceptable, then I'll only take 9%." That's why his business is so big and hot. ETH has not been hot since it ended POW mining, and the bottom line is that people are not making money anymore, so naturally the topic is less and less. In business, only when others are making money too, will people talk about it. If everyone is just eating it themselves, the topic will naturally be less, and there will be nothing to play with. Without the topic, how can there be capital to look forward to ETH? Without capital, how can there be value?
From the perspective of communication and marketing, as long as there is a topic, there is room for hype, and as long as there is hype, it will naturally attract attention, and naturally become hot. This time, Musk won the election bet, and he is also a new political star, which has injected endless topics into Dogecoin, and this topic is "value", which will create more room for hype. In contrast, the creators of ETH are becoming less and less topical, so naturally it has started to cool down!
(Here I need to explain, many people may wonder, why BTC has value without hype? It is the lighthouse of the crypto world, and its rise has actually always been hype. If it falls, the crypto world will be pitch black.)
So do you see the value of Dogecoin? It is the hype that will constantly endow it with value, and as Musk is a new political star, Dogecoin will also become the guiding star of the crypto world. Looking at Tesla's stock, everyone already knows that Dogecoin's future will definitely surpass ETH to become the second biggest star in the crypto world, and it is only a matter of time before it surpasses Ethereum.
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