Dogecoin Dead or the Next Big Thing?

hey everyone me kevin here i have a

theory in terms of what is next for

not only cryptocurrencies but also just

altcoins in general

so it's a theory i want to hear what you

think about it but we're going to talk

doge we're going to talk

shino inyo we're going to talk some

things in this video let's get into it

and i want to hit the theory all right

so

first of all uh well i got to think to

myself we know that cryptocurrencies are

doing very very well have been doing

very very well over the

past five to six months almost the

opposite of what we've been seeing

happening

with uh high valuation stocks with

consumer discretionaries tech ev all

these guys just getting burned

while cryptocurrencies are doing very

well we know this this is

this is old news at this point but

here's what's crazy okay let's go over

to coin market cap and i want to show

you this because this is a crazy thing

here usually when we see coins or

or any kind of security uh like uh

stocks or whatever

uh up 1900 in seven days

260 66 on telcoin bitcoin diamond up 50

uh

157 percent uh revain up 131

usually when we see these kind of crazy

gains

we end up seeing some kind of crazy

sell-offs after as well

like oh i don't know a 50 a 75

a 90 selloff right like those are the

things that you'd expect

well out of the top 100 coins on coin

market cap watch what happens when i go

to the losers

for the last seven days the biggest

loser is 17

which folks if i just go to weeble to

look at stocks

today trade desk and i don't invest in

traders but still today trade desk is

down 25.9

so in the last seven days the biggest

out of the 100 cryptos here

the biggest loser was 17 the biggest

loser in stocks just today not just the

last seven days just today

was 25.9 like the rotation is

very very very clear that cryptos are

like whoa okay yeah hey if you don't

realize there's a rotation to crypto

you're living under a rock but it's not

even just these coins and it's not even

just the first 100 because it's much

more than that

go for example to page two page two top

loser is

44 okay big deal 44

like drop in the bucket for the last

seven days it's actually not that bad

and that's just the one biggest loser

go to the biggest loser oh my gosh

here's a big gainer look at

rapids oh my gosh it's up 126.5

000 percent in the last seven days down

through

oh 31 in the last 24 hours big deal

biggest loser

32 big deal these are small sell-offs in

last seven days relative to what we've

been seeing in some of the stocks and

that's just

this is in the top 300 cryptocurrencies

that we have here

and so i'm getting to the point where

i'm making this this conclusion or

considering something

about cryptocurrencies that i think is

really really fascinating

and it is what the future of them

beholds well first of all

one thing i want to say is we're not

just seeing these currencies go

nuts but we're also seeing a massive

talent drain away from companies and

banks

going into these crypto style companies

whether it's defy

or centralized cryptocurrency companies

like block fi coin beast whatever

where there was just a headline in the

bloomberg terminal about how

one person retired because he's 71 x his

money on dogecoin

and he retired from investment banking

multiple other people went from

investment banking

into new jobs at banks or tech companies

related to crypto

so you've got not only this explosion in

the cryptocurrency market over the last

five six months but you've got this

explosion and

talent going to cryptocurrency style

investment firms

and draining away from banks and other

places and it's leading me to believe

that there could be a new future for

things like doge and some of these

altcoins

first we did hear that the dogecoin

payment

made for the doge one rocket

that elon musk is sending to spain to

space not to spain to space

uh was paid for uh in doge or was made

in doge so officially

a company which i've actually got up

right here this particular company

geometric energy corporation paid

for their cargo to be carried

on the doge one rocket to space which

elon is saying to the moon

uh in dogecoin this has actually

happened

and this kind of got me thinking wow

okay well i mean if there's so many

coins

are we really going to go through the

cycle of just all right

here's another coin we're going to add

to the list let's take bitcoin let's

take ethereum and maybe we'll start

taking doge kind of like

uh you know now spacex is doing or

uh with bitcoin and dogecoin or you've

got newegg taking dogecoin as well

it seems like many companies are like

okay yeah we'll take your bitcoin we'll

take this

that or whatever but not everything i

think there is a potential future in

cryptocurrencies where cryptocurrencies

start thinking them as almost kind of

like credit cards now

not in the sense of like you have dead

on them but rather

think of them kind of like oh this one's

a visa this one's a mastercard this

one's a discover

except you have hundreds of these

different companies and so

really maybe the coins aren't actually

necessarily the dollar itself the dollar

itself could be still denominated it

could still represent

money like actual u.s currency which it

does i mean we when we look at the price

of bitcoin we're like how many dollars

is it worth right

but it really is just a tool that also

happens to fluctuate in value

but it's a tool much like visa and

mastercard and discover a tool to us

and so what if in the future we just get

to a point where hey

companies just start saying you know

what we don't care what cryptocurrency

you pay in

you could pick whatever freaking card

you want we don't care we're going to

take your money and we'll convert it

into whatever we want to use

and maybe the companies are like look

we're just going to stick with using the

dollar okay who cares the user can pay

with whatever they want it just

instantly gets converted once they touch

it

or hey you can pay with whatever

currency you want we're going to convert

it all into bitcoin or ethereum or doge

or whatever we want right

it's really really incredible and it's

it's fascinating to think and i want to

hear your thoughts on this

but to me all of these different tokens

at some point in the future i could see

a point where

the top 20 top 30 just become a ways for

us to pay

and again the more usage they get the

more popular mainstream they become and

the more

sort of solidified in that payment

structure they become but in addition to

that they're also things that

increase in value it's really really

incredible so i think the point

of this is i don't think that doge

because we've had a sell-off in doge

just recently after snl

or because we've had this big altcoin

movement i don't know

that we necessarily have to for sure

pick one

and that's one of the crazy things that

i think about the altcoin season is

maybe maybe it's not necessary that it's

oh no it's only bitcoin oh it's only

ethereum oh it's only dosh oh no

it's only those three maybe not maybe

people just pay with whatever the frick

they want

uh and in which case that becomes really

good for

all cryptocurrencies and that's a

potential argument to be in

cryptocurrencies to some form or some

degree

because if it let's say in two years or

a year or in three years

we just have pick your your payment

method

and square takes all sources paypal

takes all sources paper

venmo takes all sources zell takes all

sources

then it doesn't matter what do you want

to pay with doge i don't care you paying

doge i get dollars you pay in doge i

sell it set it to get

bitcoin and maybe there's a little fee

involved and does all the transacting

for us

in which case when that happens all of

the most

popular cryptocurrencies could end up as

winners to one degree or another

now i want to hear what your thoughts

are on that but i think this is an

incredible future opportunity

because so many of us are looking at

doge right now like oh gosh dosh sold

off it has no future that's

it the snl hype is over and now it's

going to go away

i don't think that's necessarily the

case i think doge

even though you know i i initially said

and i still believe that it's possible

the value could have this slow bleed

until we get to the next momentum bump

or the next like euphoric point where

like oh yeah this is the next moment for

doge this is it this is where we go to a

dollar right

uh even though that is missing now and

we've kind of missed out on that peak

media

peak media being april 16th and then

again right before minutes before snl

which was something we predicted we

predicted that this was going to be a

buy the rumor sell the news and the best

time to sell was probably a little bit

before

the uh a little bit before the actual

snl event because a little bit before is

kind of that moment where people are

still like

oh what if something big happens i'm a

hold what if something big happens right

but as soon as the mouth opens at the

show that's usually when like

expectations start rotating down which

is kind of what we saw

and then doge has been you know doing

decently i mean it's still 46 come on

it's still

freaking amazing okay don't get me wrong

it's still doing very very well here

but the point is maybe we're waiting for

the wrong thing on these assaults maybe

we're waiting for like this singular

moment for these coins

when in reality all of them could just

essentially be used

to the effect just like different credit

card issuers get used

nobody cares if you have a chase card or

a visa card or mastercard or

discover card i mean maybe some

merchants care if you get discover like

amex or whatever because the fees are

maybe a little bit higher but the point

is

the merchant gets what they want they

get they get your money and it's just if

you want to pay in that way fine

everybody pay with whatever method you

want and it all just goes through one

system and all the little miscellaneous

fees or whatever

just get worked out behind the scenes

that could

literally propel i would say probably

the top

10 at least the top 10 coins maybe even

the top 20

to a whole new level of functionality

usage

and with functionality and usage comes

stability and coin prices

it's pretty incredible i i think there's

a very real possibility of that now

is it also possible that we get uh

continue like we get a correction in the

s

p and we see tech stocks discretionaries

and

industrials and other sectors of the s p

rotate down and then eventually we get a

drag on kryptos because pricing in

in equities also goes down yeah there's

totally a possibility of a correction

but if that functionality comes for

let's say the top 10 20 coins rather

than thinking about just the top three

or four you think about the top 10 20.

folks

that could be a potential huge

opportunity for

the top 10 20 cryptocurrencies or

potentially even more

and i wouldn't be shocked if things like

that are already in the works

let me know what you think about this

crazy idea i want to hear from you folks

uh thank you so very much for tuning in

watching

check out the coupon code i have linked

down below we did briefly extend it

because i've got a new marketing team

that's going to

take over and start helping me make you

know free up some of my time to deal

with this

but uh these are just some thoughts i

have let me know what you think comment

down below check out the links down

below

thank you so much for watching and folks

we'll see in the next one