id author title date pages extension mime words sentences flesch summary cache txt blog-dshr-org-6705 DSHR's Blog: Dogecoin Disrupts Bitcoin! .html text/html 1838 353 90 DSHR's Blog: Dogecoin Disrupts Bitcoin! Two topics I've posted about recently, Elon Musk's cult and the illusory "prices" of cryptocurrencies, just intersected in spectacular fashion. On April 14 the Bitcoin "price" peaked at $63.4K. Dogecoin — the crypto token that was started as a joke and that is the favourite of Elon Musk — is having a bit of a moment. The Dogecoin "price" graph Kelly posted was almost vertical. I'm writing on April 21, and the Bitcoin "price" is around $55K, about 87% of its peak on April 14. There are some reasons for Bitcoin's slump apart from people rotating out of BTC into DOGE in response to Musk's tweet. People are buying the cryptocurrency, not because they think it has any meaningful value, but because they hope others will pile in, push the price up and then they can sell off and make a quick buck. Young people want volatility. ./cache/blog-dshr-org-6705.html ./txt/blog-dshr-org-6705.txt