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posted ago by doug2 ago by doug2 +25 / -0

And it is called fucking DOGECOIN. Yes, a crypto that sounds like a bad meme is absolutely crushing it because it is becoming a facebook meme.

The plan is to get it to over 1$ and right now it's only at around 6-7 cents.

https://www.reddit.com/r/dogecoin

I know this isnt WSB but god damn I didn't want you all to feel left out.

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purepepelegends 1 point ago +1 / -0

where do I buy it? And how do I sell it once it goes up? I've never directly bought a stock or crypto by myself before.

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doug2 [S] 1 point ago +1 / -0

I hope you ended up figuring it out, this shit was prophetic

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purepepelegends 1 point ago +1 / -0

I learned that you need a "wallet", and there are many types, and you need to pick the right one from the right site to download that. Then you need an account on multiple coin exchange sites, and they ask for your social security number, copies of bills in your name, etc to prove your identity. Then you have to buy bitcoin using dollars. Then you use the bitcoin to buy dogecoins. I never figured out how to convert dogecoins to dollars. It is still a little too complicated for me, requiring me to trust too many faceless entities with my social security number and other identifying information.

Do I have the overall steps right? I started the process, and then cancelled the effort once I saw that coinbase and binance were asking for extra documents to prove my identity. Is that normal?

Do you convert your dogecoins to dollars? Is that easy to do? How do you cash out?

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doug2 [S] 1 point ago +1 / -0

Check the reddit link it has a guide. I had my buddy who does it and who owed me money. I just told him to throw my payment in too.

So honestly idk.

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purepepelegends 1 point ago +1 / -0

I see how to buy it, but how do I convert dogecoins back to dollars after it goes up? Is that possible?

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doug2 [S] 1 point ago +1 / -0

Yes that's the entire point actually. Like I said I'm not sure how I think there are just apps that let you buy and sell with real money.

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purepepelegends 1 point ago +1 / -0

I know absolutely nothing about how to buy and sell cryptocurrency. Other than it is a "block chain" which I've heard explained a few times. But I have no idea how to get them, or how any of it works. Dammit

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TheResurrection 1 point ago +1 / -0

Open an account with a crypto exchange like Coinbase. Just like opening a brokerage account online.

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purepepelegends 1 point ago +1 / -0

Working on it... looks like my bank doesn't like coinbase... also trying on binance.us... looks like they want some extra documents...

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TheResurrection 1 point ago +1 / -0

Binance may not accept US customers for regulatory reasons. Coinbase does bank like customer identification.