Will history repeat itself? Take DOGE as an example.

Today, Dogecoin dropped again, and many people can't sleep, staring at their accounts and pondering—will this thing crash? In fact, back in 2020, someone asked the same question. Looking further back, I'm sure others have asked it too. So, the difficulties we face now have been encountered before. Not much smarter in terms of IQ, but history really keeps repeating itself.

Investing is about cognition, about faith, but there's also something that's hard to put into words—luck.

Last year, 2024, a guy bought Neiro,投入20,000 yuan, and then just left it there. In a few days, it skyrocketed 33 times. Was his cognition deep enough? Not necessarily. But among those who bought the same coin, most couldn't tolerate the volatility and sold out early. So, luck definitely plays a role here.

Back to DOGE, the controversy is clear. One side says it adds 5 billion coins each year, and at the current price, you'd need to invest $5 billion to absorb these new tokens. Long-term, the increasing supply will inevitably dilute the value. The other side believes that as payment scenarios gradually land, DOGE's usage demand will keep pace with growth, and unlimited supply might actually adapt to economic growth. Both sides have their reasons, but both are betting on cognition, faith, and luck.

Looking at Spurdo, its market cap is only $2 million. V神's multiple interactions in the Telegram group have kept some believers steadfast, but others have chosen to give up their holdings. Frankly, Spurdo faces the same problem as DOGE—it tests cognition, faith, and luck. We can't predict its future, but you need a ticket to see the view. What if Spurdo someday becomes the next Neiro? No one dares to say how high its market cap could go, but having a chance is always better than having none.