Dogecoin’s Wobbly Day: A Growth Investor’s Diary

by

There I was, sitting in my home office—well, if you can call it an office. It’s more like a glorified closet with Wi-Fi and too many sticky notes reminding me of things I’ll never do—staring at the screen as Dogecoin (DOGE) took yet another nosedive. By 1:45 p.m. ET, its token price had fallen 5.2% over the last 24 hours. Meanwhile, Bitcoin and Ethereum were also down, but they managed to look slightly less pathetic at just 2.5%. I felt like I’d walked into a room where everyone was whispering about how bad your haircut looks.

It’s not that I didn’t see this coming. No one gets rich without occasionally feeling poor, right? Investors have been cashing out left and right after months of what can only be described as crypto euphoria—a phase so intense it made people forget their passwords to Coinbase accounts while simultaneously naming their newborns Satoshi. And then there’s Tesla. Oh, Elon Musk, you enigmatic trickster. The company sold off 75% of its Bitcoin holdings in Q2, which has sent ripples through the market faster than my cat knocks over a glass of water when she thinks I’m ignoring her.

A Shiba Inu Meme Walks Into a Bar…

When cryptocurrencies started climbing, it felt like watching someone win the lottery every day for a week. Bitcoin hit $123,000 for the first time, and Congress passed stablecoin legislation that seemed almost reasonable. But now? Now we’re back to reality, or whatever passes for reality in the world of digital tokens. Dogecoin, once the darling of internet jokes and half-serious investments, is slipping again. Its recent sell-offs remind me of those family dinners where Aunt Carol brings up politics—you know it’s going to happen, but you still hope against all odds that maybe, just maybe, she’ll let it slide this year.

Loading widget...

What Comes Next? Or, How I Learned to Stop Worrying and Love Volatility

If there’s one thing I’ve learned from being both a growth investor and a person who occasionally watches CNBC instead of doing actual work, it’s that volatility is Dogecoin’s middle name. Over the past three months, DOGE has risen 27%, but year-to-date, it’s down 26%. If these numbers were human beings, they’d be locked in some kind of toxic relationship drama worthy of a daytime talk show.

Still, there are glimmers of hope—or at least enough shiny objects to distract us from our collective despair. Cryptocurrency advocates seem cautiously optimistic about legislative progress, even though Congress went on recess earlier than expected. Imagine trying to explain to your grandparents why lawmakers taking a vacation could impact whether your favorite meme coin survives another month. “Well, Grandma, it’s complicated,” I’d say, while secretly wondering if she understands any of this better than I do.

And then there’s the Federal Reserve meeting scheduled for July 29 and 30. Everyone’s holding their breath, waiting to see if interest rates will drop dramatically enough to make us all feel momentarily wealthy again. Personally, I’m rooting for chaos because nothing gets the blood pumping quite like watching markets react to decisions made by people whose names I can barely pronounce. Depending on how it goes, Dogecoin might soar or plummet—and honestly, either outcome would fit perfectly into the absurd narrative arc of modern finance.

Investing, much like life itself, often feels like standing in line at the DMV: tedious, frustrating, and peppered with moments of existential dread. Yet here I am, clinging to the belief that somewhere beneath all this noise lies opportunity. Maybe Dogecoin will rebound; maybe it won’t. Either way, I’ll keep staring at charts, drinking coffee gone cold, and wondering why I ever thought putting money into something based on a dog meme was a good idea 🐶.

Read More

2025-07-25 21:53