#Doge420 Was a Bust, Will #DogeSNL Be Different This Time?
Lots of hype for #dogetothemoon / #DogeSNL / #SHIB day with Elon Musk tonight but also a lot of skepticism from the folks who were burned from #Doge420 day. Will it be another bust?
Despite the disappointment, #420dogeday may have actually worked, in retrospect. Here's why:
A lot of #crypto fans know how to buy coins and they often take that for granted. For the non-technical person out there, setting up an account (especially since Coinbase doesn't support DOGE yet) isn't that easy. There's a learning curve involved with this stuff.
People also don't change their habits easily -- seeing the hype might get them interested but people have things to do and they're not going to jump in right away.
I'm thinking about my mom who bought a sizable amount of DOGE because she thought "it was cute" (is a better reason than most investors tbh -- at least she likes the product) but it took her a few weeks of thinking and trying before finally making the decision to put money in.
The short story is that these marketing blitzes take time, and you need a while for people to digest the information, especially when it comes to a complex product like crypto. If you were part of 420 Doge Day, don't feel bad about it -- you did your part. A little patience is all that's really needed, here. 🙂
Despite the disappointment, #420dogeday may have actually worked, in retrospect. Here's why:
A lot of #crypto fans know how to buy coins and they often take that for granted. For the non-technical person out there, setting up an account (especially since Coinbase doesn't support DOGE yet) isn't that easy. There's a learning curve involved with this stuff.
People also don't change their habits easily -- seeing the hype might get them interested but people have things to do and they're not going to jump in right away.
I'm thinking about my mom who bought a sizable amount of DOGE because she thought "it was cute" (is a better reason than most investors tbh -- at least she likes the product) but it took her a few weeks of thinking and trying before finally making the decision to put money in.
The short story is that these marketing blitzes take time, and you need a while for people to digest the information, especially when it comes to a complex product like crypto. If you were part of 420 Doge Day, don't feel bad about it -- you did your part. A little patience is all that's really needed, here. 🙂
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.