Hey, I'm Ryan Mallory, and this is my swing trading, the stock market podcast.

I'm here to teach you how to trade in a complex, ever-changing world of finance.

Learn what it means to trade profitably and consistently, managing risk, avoiding the pitfalls of trading,

and most importantly to let those winners run wild.

You can succeed at the stock market and I'm ready to show you how.

Hey everybody, this is Ryan Mallory with swing trading in the stock market and we got a lot

of craziness going on these days with Dogecoin, don't we? We're going to talk about that. Should you be buying it? Should you buy Dogecoin at the current prices? Should you wait for a pullback? Or should you just avoid it all together? We're going to get into that and more, but for a little bit of a background on Dogecoin. This was something that was started as a joke. You know, you had all of these alt coins coming out. You know, they were trying to battle for supremacy with Bitcoin. They were coming out. They were saying, this is going to be the

next zillion dollar Bitcoin. Okay, this is the next thing. So you had all these things coming

out at the time. They're all trying to go mainstream. And these two guys, Jackson Palmer and

Bill Marcus, come out with Dogecoin. And what they did with that is they were essentially just

setting it up to kind of make fun of all these other existing alt coins trying hard to become

relevant. And at that time, they chose this dog that was the face of a very popular meme. And they made

that the face of their coin. Not thinking anything would ever come of it, all of a sudden this thing has now become a multi-billion

dollar coin. Some estimating as high as $55 billion. So you got everybody piling into this thing.

They're all excited. They're saying, hey, it's at 30 cents right now. It's going all the way

up to a dollar. When will it get to a dollar? And the thing is about Dogecoin,

it may see it. I'd be shocked if it does. I mean, but who knows when you get these phenomenons how high they can go? But in the grand scheme of things, it's a, it's a pump and dump.

There's people that are looking to hold it for over a year because they don't want to pay

long-term taxes. That would be the least of my worries, honestly. And this isn't any financial advice. But there's no way I would hold that thing for a year.

You're setting up for an incredible, incredible letdown if you do that, because there is a lot that

can go wrong in a year. This thing harkens back to the days of the tulip mania in the 1600s. Now obviously I wasn't around for that, neither were you,

but the price of tulips went up to hundreds of dollars per tulip. Guys, this is something that

...