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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Communitivity on Thursday January 28, 2021 @09:38AM (#25942330)
Dogecoin subreddit may get banned too. Saw elsewhere that they're trying to push it to $1 (it's at $0.01 and the push has raised it 72%). Half tempted to drop $1k in it, in a Just-In-Case thing. Supposedly the total volume of Dogecoin is only 128k coins, though that sounds low. If it is that low it explains why the coin is so volatile. My main cryptocurrency positions are Bitcoin and Cardano.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by cableshaft on Thursday January 28, 2021 @10:50AM (#25943731)
It's definitely not 128k coins. When it was first created it was notable for having such a huge supply of coins that people could have silly fun with it and not care about the 'value' of it. That hasn't remained true, but it was the initial idea behind it, a joke coin people could give tons of coins to other people to for pennies.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by swader999 on Thursday January 28, 2021 @10:00AM (#25942740)
Too many whales in dogecoin that want to keep a lid on it. It's meant to be used for charity and community building. Sometimes you can play the run and use derivatives to short it on the way down. Easier plays than this though.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by throwaway12757 on Thursday January 28, 2021 @10:22AM (#25943153)
There is no way that's true because I mined and then lost 81k dogecoins because I reformatted my computer.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Matticus_Rex on Thursday January 28, 2021 @10:30AM (#25943323)
Total volume of dogecoin is ~128 billion coins, not 128k.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Communitivity on Thursday January 28, 2021 @11:58AM (#25944843)
That is a heck of a decimal point error on my part. Thanks for the correction.
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