 about time. What's up? Money Geeks. Mr. V here. Welcome to another video. Guys, in this video, we are going to talk about the elephant in the room. Yes. Dogecoin is the elephant in the room. So I want us to talk about it because I've been getting a lot of questions from you guys asking you where to buy and all that good stuff. So let's talk about Dogecoin. But before we get started, guys, if you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. If that's something that interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. So guys, Dogecoin has been trending online for the past four days or so, four or five days or so because of tweets from Elon Musk. So I'm going to bring up some of the tweets here that he actually put out there. So if you can see here, Musk tweeted, he says, no high, no lows, only Doge. And then it's like, who let the doge out? So he's definitely talking about Dogecoin. And each time he tweet, people respond to the tweet and people are heading out and buying Dogecoin. So what is Dogecoin? Before we even, like, talking about if you should buy it or not. So Dogecoin is kind of like a digital currency. If you can see here that does peer-to-peer digital currency that enables you to easily send money online. So again, it just gives you the opportunity to be able to send money to people, to friends, to creators across the country, across the continent without any middleman, without a bank or anything that will take fees. So you can send money directly to your favorite charity, knowing fully where that charity is going to receive the exact amount that you wanted to send them. Or you can send money to your favorite creator, not worrying about them going through Patreon and Patreon taking a cut of the money. You can send and give them money directly to support their work. So that is the basis of the currency. So if you look from that perspective, there isn't actually a use case for it. The only thing that is, I'm looking here, is that people adopting that use case and really going with it because I know there's other coins or cryptocurrencies that do the exact same thing that you can use for payments and everything. So even Bitcoin, you can do the exact same thing. Bitcoin has a better reputation than Dogecoin. The reason why Dogecoin has been trending is just because Elon Musk talks about it. So each time he touches something, it turns into gold pretty much. So if you want to turn into gold, tell Elon Musk to tweet about you, you are going to turn into gold. Again, that is the use case for the cryptocurrency. And so if we look at the currency here prior to this craziness, look at what you think was sitting at price-wise. I mean, it barely had any recognition, nothing whatsoever. And then as soon as Musk said he's talking about it, the thing has gone up. We can see here the last month alone, it's gone up 760%, which is insane. Other coins, they haven't even moved that much. But Dogecoin has actually just gotten that publicity and people are still looking to buy it. So if you are probably asking yourself, but yes, I want to get into it. I mean, I want to enjoy that hype and make some profit, which is good. If you have money that you want to risk, at least, I mean, it's high risk, high reward. So let's say you have $500, if you lose tomorrow, you don't really care about. I'll say drop it in there and take your chances. Like hey, I mean, the most you can lose is that $500 that you put in there. So dropping in there, take your chances. So where can you buy Dogecoin? Definitely you can buy Dogecoin on platforms like Robinhood, platforms like Binance, platforms like Crick and those are the three that I know for sure. Now Coinbase just recently added them to their portfolio. So definitely check Coinbase as well. People that are trading using Weebo, Weebo currently doesn't support Dogecoin. I don't know if they plan on bringing in the currency because I mean, it's like one of the hottest cryptocurrencies out there. So if they plan on bringing it to their platform, I think it would be a great idea. Then I don't know which other platforms that support it, but for the most part again, it'd be Binance, Robinhood and Crick and that support or the buying and selling of Dogecoin. So definitely go check them out. So again, I wanted to just bring this one to you guys. Again, when you get into cryptocurrency, know fully where that the volatility of the market is insane. This thing can go from what's going to be trading right now to like zero and less than no time. And so you have to be aware of that. And besides, there's really no regulations about it out there. So if you if you're dealing with it, you put money in there. Don't think that, you know, or the money is FDIC insured or protected in any shape or form. It's just like you putting money in a black box. You don't really know what's in that box. It could be there could be a monster in the box that it's money and it's your money. You never get to see it. That's the risk that you take with it on the flip side. The rewards are incredible. I've seen people that had some money in in Dogecoin from the early days. And then now a thousand dollars is actually transforming into five or six, seven thousand dollars. Just like that. But the flip side again, guys, is when there is momentum like this, the people that got in early are the ones that are going to enjoy it because as soon as this thing, if you jump in now, and then this thing just like slow down and starts to pull back, you're going to sit in there in the red because you got in at the tip. So for this, I would say look for a good entry point. Wait for a pullback. If we go back to the charts here, you can see where it gives people opportunity to get in. If you see here how there's a dip, like you look for these dips right here. Those are the places where you want to get into the stock. So like right now, it's pulling back a little bit so you can say, OK, you want to buy this thing under, let's say, eight cents. And then so you put your you put your your buy order and wait for it to come down on the eight cents and you can jump in and pick it up. So that is that would be a good approach to to get in. But again, guys, make sure that the money that you're putting in there is money that you don't really care losing. If things were to go south, you're very comfortable losing that money and not sweating about it. So that's what I wanted to cover in this video. So if you have any questions again, guys, let me know in the comment section. If you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and the notification bell to don't miss out on new content. Also, if you're looking to get started with investing, guys, Weibo is still doing their promotion where if you sign up and deposit a hundred dollars, you get some free stocks, links in the description. And as always, guys, do your due diligence. Don't be a greedy savage and stay motivated.