Ask HN: Why doesn't Coinbase support the world's third largest crypto?
Just noticed that Doge isn't available on Coinbase and have to really wonder why.... While it started as a meme it does have a real team building it out into a real crypto. You can buy real world things with it too e.g. tickets to Mavericks games.
It's now third largest market cap behind Eth and Btc. Is Coinbase turning their nose up or do they plan to support it? > "third largest market cap" since when yesterday? A cryptocurrency that has accumulated a large market cap in a sudden short space of time can only be explained by a potential pump and dump activity. The pump is here so at some point the dump will come afterwards. This will only end in tears from the late comers NOW jumping late in the tail end of the doge rocket who will soon be holding the bag. Maybe in a few years time we'll have to say the same thing to Coinbase about safemoon or scamcoin once they get a large enough market cap. That is what folks have been saying for at least 3 months since I've been following. I think you underestimate how the mainstream views cryptos as elitist silicon valley stuff, while dogecoin positions itself as "the peoples" currency. I think there's some bigger forces too that want to embarrass bitcoin and said elitist elements. I'd actually be willing to bet 10k USD with you that by end of August Doge will still be over $1.00. > I think you underestimate how the mainstream views cryptos as elitist silicon valley stuff, while dogecoin positions itself as "the peoples" currency. I think there's some bigger forces too that want to embarrass bitcoin and said elitist elements. When it is covered on the news and they are all telling you to 'buy DOGE', for the early ones it is time to sell and take profit and it's 'bye DOGE' to the late comers; followed by negative coverage and smear campaigns to mess with the psychology of the retail investor to buy on the hype and all time highs, HODL, and sell when it is too late. > I'd actually be willing to bet 10k USD with you that by end of August Doge will still be over $1.00. Good. I'm sure it will go beyond $1. When that time comes I'll be on the other side shorting DOGE all the way down as soon as there is a sign of a pull back from its >$1 target ATH. Perhaps you can keep your $10k or even put it on DOGE since we're both certain that it will go above $1. The same arguments could made against Btc and Eth just a couple years ago. I did lose an embarrassing amount betting on them circa 2018. Even today, Btc could suffer a 51% hash power takeover that would for all intents ruin Btc. Betting on Doge is not any more risky than the average crypto project. Given the mainstream's reaction to crpyto, Doge, being cast as a refreshing, non pretentious alternative to Btc, might as well eclipse it in the coming future, I really wouldn't mind if it did, why not.