Dogecoin

Shaan bought 1M Doge at 3 cents and sold the whole way up

Shaan reveals he bought a million Dogecoin at 3 cents and took gains all the way up, selling at 8, 15, and 30 cents, keeping a remaining slug riding around 50 cents. He notes he'd have made roughly half a million to a million if he'd just held.

“So I bought I bought a million Doge at 3 cents, and, uh, so that would be, you know, I would have made, I don't know, like half a million to a million dollars or something like that if I just held the whole thing. But I sold at 8, I sold at 15, I sold at 30, I sold that. So now I still have a slug of it left, uh, and I'm just letting that ride at, uh, it's at like 50 cents now or something like that.”

Why Druckenmiller won't short Dogecoin: don't put out campfires with your face

Druckenmiller dismisses Dogecoin as a manifestation of the craziest monetary policy in history with no supply limit and pure Greater Fool dynamics, but refuses to short it, citing the danger of fighting a mania.

“Right now it's just this wave of money and the Greater Fool theory. Um, no, no, just enough. Now having said that, I, I'm, I wouldn't short it because I don't like putting campfires out with my face.”

Steal thisRecognizing a bubble is not a reason to short it; shorting a mania can burn you even when you're right.