Items

• 
  2022-05-22

  HERMIT HERALD, ISSUE 141

  Republican blowout at midterms? not so fast
• 
  2021-05-21

  Cryptocurrency and the Stock Market

  Crypto currency and the stock market are still trending because of stocks/crypto like Dogecoin and Bitcoin and more. People on the internet were investing in crypto and people I knew also invested in crypto. Dogecoin was so popular Elon Musk invested in it and also tweeted about it. Stocks for these currencies/stocks were making people rich super fast, people I knew that invested in stocks cashed out in the high hundred thousands, some even made millions. The stock market right now would maybe even be called a digital “gold rush”.
• 
  2021-04-15

  A Little Crypto Called Dogecoin

  Similar to my GameStop stories on here, I will try to narrate the DogeCoin experience as it goes on during the pandemic. DogeCoin, a crypto currency modeled after the popular internet meme involving a shiba inu dog in a funny pose, has been soaring the past week or so. Doge first entered my radar probably four-five years ago, when the original meme was popular. Supporters of the coin, which was not very valuable, used it to donate clean water to a village in Africa, as well as paying to sponsor a Nascar team with it for a short time. It largely fell off the radar, but somehow during the early part of this year it returned. Spurred on by meme-stock movements like GameStop, Doge rallied and returned to being worth around 4-5 cents per Doge, much higher than previously. It dipped initially after reaching 8 cents and the people with tens of millions of it selling for a hefty profit. Now, it is to above 12 cents, far more than it has ever been worth. Dogecoin is accepted by more and more websites every day, and famous personalities like Elon Musk and Snoop Dog have rallied behind it. Supporters have even taken out ads in New York's Times Square to promote the currency. While I have long had doubts about crypto currency, I didn't want to miss out on this like I did Bitcoin. I knew about Bitcoin when it was worth less than a dollar, and now it is worth over $60,000 per coin. Doge will never reach that level, but even my meager amount has nearly doubled in the past week. The wave of amateur investors spurred on by the pandemic has produced odd results, and perhaps the weirdest one is the coin based on a stale internet meme.