I’ve been part of the DogeCash community since last fall, but I’ve been following cryptocurrency for years.
When I first found out about Bitcoin, the price was $40. I almost bought $1,000 worth back then, but couldn’t bring myself to pull the trigger. Who could’ve predicted it would rise to almost $20,000 within a few years?
I should probably be kicking myself for passing on that opportunity, but I’m not. To be honest, there’s no way I would’ve ever held onto it for that long. And even if I had, the chances of me selling at the high would’ve been close to nil.
But I did acquire a fascination with digital currency then that I’ve never lost.
Since that time, I’ve researched many cryptocurrency projects and invested in a good number of them along the way. I’ve watched the good coins and the bad coins; the honest folks and the charlatans; the pump ‘n dumpers and the long term investors. The day traders and the really serious folks who buy, hold and keep their hardware wallets in their fireproof safes.
As it turns out, the cryptocurrency space is pretty big.
With thousands of coins listed on CoinGecko, you might be wondering how I picked the DogeCash (DOGEC) community to invest in and get involved with.
The number one reason is the community. I was already familiar with Dogecoin and was impressed with the loyalty and creativity of the community that had been built around it. When I stumbled across a different coin called DogeCash on the web, one of the first things I did after reading the whitepaper and roadmap was join the Discord server. The people there were friendly, they answered my questions and no one made me feel stupid. (You’d be surprised how often that’s not the experience on some other crypto Discord servers.)
I’d read articles about the potential environmental problems caused by Bitcoin mining, and was both excited and relieved to find out that DogeCash did things differently. Bitcoin, Litecoin and many other currencies are proof-of-work. New coins are minted through an energy-intensive process known as mining. DogeCash, however, mints new coins through a much greener process, using staking and masternode rewards. Rather than depending on elaborate mining outfits competing with each other to solve problems, process transactions and secure the network, DOGEC and other proof-of-stake coins do this with ordinary people who are using the wallet software on everyday computers and running masternodes. That makes a lot more sense to me. If a currency isn’t environmentally sustainable, what’s the point?
The next thing that stood out to me was the integrity and accessibility of the core team. No one promotes DOGEC as a get rich quick scheme. When DOGEC’s required wallet updates go a little sideways (don’t they always?) the developers and other team members put in extra time to smooth the transition and help community members get up and running quickly. When there are questions, there’s always someone on Discord to answer them. It’s a refreshingly transparent team. They don’t sugarcoat.
Then there’s charity. It’s a core value of DogeCash. Not the gimmicky kind with lots of fanfare. Things like animal shelters, animal hospitals. (The mascot’s a dog, after all.) Even human charities. And the community gets to help decide which causes to help. (And that brings me to governance. It’s not one of my top five, but I’ll quickly mention it’s good to know that I don’t have to own a lot of DogeCash and expensive mining hardware to be involved in ideas and decision-making.)
Finally, the scarcity of DogeCash makes it a better store of value than the inflationary cryptocurrencies out there. After DogeCash has minted 21 million coins, that’s it. No more will ever be released. That’s the same number as the maximum number of Bitcoins. (Satoshi got a few things right.)
If you’d like to check out the DogeCash community, come visit us on Discord and say hi. When you’re ready to buy your first DogeCash, check out STEX and New Capital. If you prefer decentralized exchanges, there’s Block DX. Remember, don’t use money you might need for something else. Like most investments, cryptocurrency is risky, probably more risky than most. Only invest money you’re prepared to lose.
But no matter how much DOGEC you buy — zero coins or a million — come participate in the community. There’s a lot of good to do and we could use your help.