When people have money, their words are not always advice for you to take.Screenshot image created on CanvaWhen Billionaires use social media, be careful not to follow their advice word for word. Their advice could make you broke before you ever know what happened.If you have followed cryptocurrencies even for a little while, Elon Musk and Mark Cuban have indirectly advised people to invest in Dogecoin. This will come back to hurt many people who have no idea what they are doing.Dallas, Texas billionaire Mark Cuban and Austin, Texas transplant Elon Musk have tweeted and voiced their support for cryptocurrencies specifically Dogecoin.Dogecoin is easy for any person to buy and start investing or trading.These days it is easy to download an app, such as Robinhood, and instantly trade Dogecoin.When Dogecoin was trading for less than a penny, Dogecoin was a joke because it was a meme of a dog.Two software engineers created Dogecoin on December 6, 2013, as a joke.Billy Markus, an IBM programmer from Portland, Oregon, found Jackson Palmer, who worked for Adobe (ADBE). Palmer bought the domain dogecoin.com. The \u201cdoge\u201d meme was popular on the internet at this time. Markus wanted to make his cryptocurrency different than Bitcoin.The dog on Dogecoin is a Japanese breed of dog Shiba Inu.Bitcoin has a set supply of 21 million Bitcoins where Dogecoin has 129 million coins and more can be created each year. Cryptocurrencies are valued by supply and demand. Generally, the less supply available or more scarcity for a cryptocurrency, the higher the price. But then the more supply available for a cryptocurrency, the lower the price for the coin. There is more based on the use of the cryptocurrency but this is generally how it works.When Elon Musk tweets about Dogecoin, millions of his followers are seeing this. Musk\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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