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The origin of the Doge: Everything a Shiba should know about the meme that made billions

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Although Dogecoin started off as a joke, the Shiba Inu based cryptocurrency has grown into a fully fledged peer to peer digital currency with a worldwide fan base of Shiba Inus. According to knowyourmeme.com, Doge is actually a slang for “dog” and its use of a misspelled word (d-o-g-e) actually dates way back even before Bitcoin came to fruition.

Where did the word Doge come from?

The first time the word ‘doge’ was used online was in June 2005 after it was mentioned in an episode of Homestar Runners (a long-running web-based puppet show based on a children’s book). In the episode, ‘Biz Cas’ distracts ‘Strong Bad’ from completing his third-quarter projection analysis spreadsheet project when he comes into the room and calls him his “Doge”.

Later in 2010, a Japanese kindergarten teacher posted a photo of a Shiba Inu dog she had rescued and adopted. The same photo was identified as the origin of the Dogecoin meme that later got popular online to become the mascot for the Dogecoin.

Dogecoin: focusing on charity and community

As you can see, Dogecoin was mostly created as a shits and giggles cryptocurrency that was meant to attract any lighthearted individual looking to have fun while donating to charity projects using cryptocurrency. However, in 2013, Dogecoin’s vision became pretty clear and what started out as a silly endeavor has over time turned into a serious project that is being used as internet money.

Dogecoin was built to be a community-driven cryptocurrency and the meme really helped spread the word about what Dogecoin was all about. In fact, it is this popularity that enabled the Dogecoin community to fund some worthy charity projects. These included a donation to Kenya’s water crisis back in 2014 and another partnership with a charity organization dubbed “Shibes for socks” to mention but a few.

Beware of scammers

Basically, even though some crypto enthusiasts have criticized Dogecoin for its lack of a clear technological standpoint, the coin has been the friendliest altcoin for beginners as it’s easy to use and requires zero technical know-how to understand its purpose. Plus the Dogecoin community is made up of individuals whose main purpose is to only do good as indicated on the Dogecoin Reddit page.

But let’s face it, Dogecoin’s journey has not all been smooth sailing. The coin has seen its own fair share of controversy. For instance, as more and more good intentional people have thrown money towards charity projects using the parody coin, the value of  Dogecoin ( in the hundreds of millions) now has become like a drop of blood in the ocean that has attracted sharks in the form of a bunch of scammers. There have been constant reports of scammers taking advantage of the Dogecoin community sometimes even getting away with millions. The good news is that the Dogecoin community (especially on Reddit) has been really supportive of its members, to extent of donating some Dogecoin to those who had fallen victim to the scammers.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of iamhenry via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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