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RE: Daily Crypto Markets Live Blog: Cryptocurrency Markets Getting Blasted (09/25/21)

in LeoFinance3 years ago

As a transactional crypto, it doesn't need a use case; it just needs to be used as money between two parties to an exchange.

As for the pump it got from its "godfather," it may have been enough to keep it above USD 0.01 for good. That doesn't sound like much, but there are fiat currencies whose exchange rate is nowhere near USD 0.01.

AMC Theaters allowing DOGE to be used for purchases helps Dogecoin, but given the state of filmgoingin 2021 it may be too little too late for both DOGE and AMC.

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Yea I don't think AMC will make much of a change. With how much technology has improved, your home experience might be better compared to going to the theaters.

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Going to the movie theater to watch a movie isn't so much to watch the movie itself as it is to be an event to look forward to after a week or month of routine activity. It's an excuse to get out of the house or apartment. There may also be things that happen which make the movie-going experience memorable (preferably in good ways).

It also offers ways not to be tracked if you pay with cash. After all, you wouldn't want people to know you ordered an on-demand viewing of The Sound of Music when you present yourself in public as a hyperactive death metal fan of GWAR.

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Ya that's a good point.
Even when things get back to "normal" I don't think I'll be going to theathers as much as I used to. Only for some specific movies that require an immersive experience and that's only while I can't have that kind of experience in my own house

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I'm done with movies; I need that money for crypto and other things. I'm done with sports, too, and for the same reasons. The "movie experience" is why I went to see movies at a theater; it's just not the same seeing them on a computer screen or even a large TV screen at home.

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