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Chapter 16: I Want To Buy Some Dogecoin

Translator: Dragon Boat Translation Editor: Dragon Boat Translation

While chatting, Lin Bai inadvertently said that he had read all the information in the group file.

After the group members saw it, they all said that it was not very useful to just look at the theory. It was still necessary to combine it with practice in order to gain something.

Everyone advised Lin Bai to start practicing as soon as possible by choosing a reliable cryptocurrency to invest in before continuing to learn from practice.

[Peace Is A Blessing: “God Luo Yang has always recommended RadarCoin, and he himself started his journey from RadarCoin too. You should definitely follow him.]

[Tranquil Goes A Long Way: “But the price of RadarCoin is a little high now. For a pure newbie, it might be a little expensive. Ethereum is not bad.”]

[Rolling Clouds: Ether isn’t cheap either. Little Lin is still a student, so he might not be able to afford it. Why don’t you consider Tether?”

...

Everyone in the group spoke one after another, and all of them enthusiastically recommended Lin Bai.

They had all been through the beginner stage, so they knew the importance of the first investment.

If the first investment could yield some results, then they would have confidence, and they would be more bold when investing in the future.

However, if the first investment was a huge loss, then it would be a great blow to his confidence, and it would also affect his mentality in the future.

When he made investments in the future, he would be timid and afraid that he would lose everything like he did in the first investment.

Such a timid mentality was very bad for his development.

Therefore, there had always been an unwritten rule in the group, which was to recommend a safer currency to newbies.

Even if he couldn’t make a huge profit, he should at least try his best to ensure that he didn’t make a huge loss in the first round, which would affect his mentality in the future.

Therefore, the group members recommended currencies that had a relatively stable performance.

They didn’t ask for a big increase, they just wanted to keep a stable price.

After these days of study, Lin Bai had a basic understanding of the various cryptocurrencies on the market.

Therefore, he also knew that the few cryptocurrencies that the group members recommended to him had a very stable performance recently. Some of the prices had not changed much for several months.

However, stability also meant that there would not be much improvement. Perhaps he could earn some pocket money, but it was basically impossible to earn more.

At most, he could only increase his buying and selling proficiency.

That was not what Lin Bai wanted.

He was different from those old people who had already retired and only wanted to use their spare money to earn some pocket money.

He had entered this circle with the intentions to make a lot of money.

He had already promised Yu Jinmo’s father that he would prove his business ability with practical actions. He had to be able to produce dazzling results.

Seeing that the group members were still recommending him some cryptocurrency to invest in, Lin Bai felt that he should make it clear that everyone should not continue to recommend him cryptocurrencies so enthusiastically.

He did not want to waste everyone’s time and effort.

Thus, Lin Bai said in the group, “Thank you, everyone, for recommending so many guaranteed currencies to me.”

“But I still want to give it a try and see if I can earn more.”

“I appreciate everyone’s kindness, but as for what exactly to buy, I’ll describe for myself.”

[Peace Is A Blessing: “It’s normal for young people to have high aspirations, but you’re still a student after all, so you must act within your means. Don’t invest all your living expenses into it!”]

[Tranquil Goes A Long Way: “We don’t object if you want to go all out, but you must be mentally prepared. If you lose, don’t be unable to bear it!”]

[Rolling Clouds: “Although we didn’t make much money from playing, we have more experience after all. Before you buy any cryptocurrencies, you should talk about it in the group. Everyone can help you! If It’s a scam, you can avoid it in time, right?”]

When he said this, the other group members echoed.

[That’s right. If you tell us, everyone can help you!]

[We’ve already bought so many. We basically understand each cryptocurrency. When you want to buy anything, discuss it with us beforehand.]

...

Seeing that everyone was so enthusiastic about giving him advice, Lin Bai couldn’t help but feel touched.

Although these group members were mostly middle-aged people and the elderly who had a large age gap with him, their concern couldn’t be faked.

Therefore, Lin Bai didn’t hide it anymore and directly told them his plan.

“I think Dogecoin is pretty good. I want to buy some to try. Anyway, its price is very cheap now.”

“It’s cheap anyway. Even if it doesn’t rise, it won’t be a huge loss. If it rises, it would be a huge profit, I think you should all give it a try.”

If it rises, it would be a huge profit.” Lin Bai had the Future News app, so he knew that the Dogecoin would definitely go up by a huge margin.

However, he couldn’t directly reveal this information, so he could only pretend that he was just buying it for fun. Considering that the group members were all very friendly to him, and they were all sincerely thinking of him, he also tactfully persuaded everyone to buy some.

That way, when Dogecoin soars in the future, the group members could more or less earn some money. Unfortunately, his kindness was not appreciated by everyone.

Instead, they thought that he was fooling around.

Instead, they thought that he was fooling around.

[Peace Is A Blessing: “Dogecoin is just a thing to fool others and cheat their money. It’s better for you to throw your money away than to buy that kind of thing.”

[Prosperity: “Rookies should listen to advice. Don’t think that you know everything. You’ve only been in the currency circle for a few days. Which person in the group has lesser experience than you?”]

[Tranquil Goes A Long Way: “Little Lin, don’t be stupid! You won’t lose anything if you take our advice and buy the cryptocurrency that we recommend to you. Don’t touch that dog currency!”]

[Rolling Clouds: “That Dogecoin is pure trash, don’t touch it! Even if you close your eyes and buy any random cryptocurrency that we recommend you to, it’s still better than throwing money away!]

Everyone was trying to persuade Lin Bai to give up.

Luo Yang just happened to have some free time at this time. He opened the group chat and saw that everyone was trying to persuade Lin Bai.

He flipped through the chat records and got a general understanding of the situation.

Then he started typing and told Lin Bai the origin of Dogecoin.

He said, “Little Lin, you just came into contact with cryptocurrency so you probably don’t understand a lot of things.”

“Calling Dogecoin trash is an insult to the word ‘trash’.”

“It’s purely a prank. It’s something created by someone who can’t stand to see Bitcoin soaring. He plagiarized the Bitcoin code and created this knockoff thing.”

“And it doesn’t have an upper limit. It can be released indefinitely. You should know that it’s impossible for the price of this kind of thing with an unlimited release to rise!”

“The rarer a thing is, the more valuable it is. Don’t you understand such a simple principle?”