Thursday, September 23

I also agree you shouldn’t use borrowed funds to invest in Dogecoin but I just think it’s funny given how much of this activity happens in the USA everyday. Why point to this one?

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I also agree you shouldn’t use borrowed funds to invest in Dogecoin but I just think it’s funny given how much of this activity happens in the USA everyday. Why point to this one?

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View Reddit by InternationalEbb4067 – View Source

4 Comments

  • InternationalEbb4067

    Knock knock….. hello Fortune 500 I noticed you have both a debt and an investment section on the balance sheet, how is this possible?

  • hey-now-relax

    The Doge community tries to support everyone by providing logical advice (usually). The intent of doge is to enrich the lives of everyone involved, and safely. This includes protecting people from themselves by recommending that you shouldn’t take out a loan just to invest in doge coin. This advice may sound unique in contrast to other markets as this isn’t the norm. Example; when you are shopping for a new house, will a real estate agent upsell you or tell you to walk away and save money? When you buy a house that you can barely afford, you can become “house poor”. Meaning, you’re depressed that you spent all your money on a new house, and now you can’t afford to furnish it.

    The fact that people get over enthusiastic with their investing in other areas of life is irrelevant to doge. We can only provide support here, and encourage healthy investing; but if you choose to look the other way, then it’s on you. Over-investing can create depression and in extreme cases, lead to excessive alcoholism and even suicide. Cryptocurrency is innately volatile (extreme highs and lows), for the most part it’s gambling. We hope to see a day where it stabilizes as a true useable currency, but this is only speculation today.

    TL;DR – Invest cautiously, slowly and wisely. Everyone can win together.

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