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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

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Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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