Posted on 10/30/2021 1:47:38 AM PDT by Scarlett156
On Friday, the Menlo Park, Calif.-based brokerage disclosed that transaction-based revenues attributable to Dogecoin, a Shiba Inu-themed token that was created as a joke, represented 8% of its total net revenues of $364.9 million in the third quarter. And while about $30 million is still significant amount for what is ultimately a fledgling asset, it marks a significant pullback from the second quarter, when Robinhood collected 32% of its total revenues from Dogecoin transactions.
(Excerpt) Read more at fortune.com ...
I realize a lot of people made a short-term killing on this. Congratulations. Hope you got out in time.
You realize they are not talking about investors in doge. They are talking about investors in the robinhood exchange. Doge is still going very strong at around 30 cents each.
Dodgy coin?
I understand the demand for a currency that is not subject to a government undercutting its value by flooding the market with newly printed currency. Let’s say that you sold some commodity to a buyer in exchange for 1,000 dogy coins. Where are you going to find anyone who will trade you $300 for your dogy coins? ...or trade you a year’s supply of bread for your dogy coins?
...or trade you a year’s supply of bread for your dogy coins?”
I see you’re thinking about starting mold farm, too. I use cheese because the mold is higher quality.
That’s what I was talking about.
Something like 32% of all Doge is held by whales.
Biggest joke aboutit is it is actually pronounced “Doggy-coin,” but they purposely mispronounce it “Doj-coin.” To make fun of the masses, who fell for it.
Doggy-coin. What kind of...
Yeah well they all spent it on Shibu...it was up 80% Thursday.
Ah makes sense now. Seems to be some weird bad vibe around robinhood. Not sure what it is.
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