In May 2021, the Chinese government made an announcement that they decide to make all active about any electronic, untraceable e-coin, including but not only: selling, making, buying, and owning bitcoin. As a result of this announcement, the bitcoin price significantly drops.

Octopus (Alias) talks about what impact it has done on him and what he knows about it as a bitcoin buyer. With a positive attitude, he says that “Regardless of the blockchain technology, so many people in the world, with a large base, already know that Bitcoin is very expensive, has been fired to the sky, and can become rich. When he started to plummet, the number of bargainers increased exponentially. The harder they fell, the more speculation they made. I couldn’t afford $60,000. Can I not afford it for hundreds of thousands of dollars?” That is most people’s idea when they are deciding to buy bitcoin to make money. Octopus also talks about the price usually floating during the period, and Octopus has confidence that the price will come back soon.

During the other interview, instead of talking about bitcoin, we talk about Dogecoin. Frozen (Alias), a California student, talks about why he buys Dogecoin and what he thinks about Dogecoin. “Dogecoin does not have a lot of long time increase potential because it does not create any technique. In my opinion, the reason why bitcoin is that that it actually has the blockchain technique bound with it.” Frozen then talk about the reason for dogecoin increasing. “Dogecoin, no one updates the code, and the technology has no future. However, Dogecoin is still rising. Such absurd things will only happen in the bull mart. Many people believe that Dogecoin will have a future, but they want to make a difference. Although I don’t think it has a stable future, I am still buying some just to have fun.” Moreover, most people buying electronic coins, especially dogecoin is just to have fun and follow whatever friends do instead of actually planing for earning money.

Talking about Dogecoin, In terms of the fundamental properties of currency: scarcity, stability, and credit, it is not completely satisfied. It may be more like the Dutch “tulip mania,” in my idea, and it will go to “explode” without knowing the time only now because someone is holding it and saying that how good is that. We still do not know when people will suddenly lose a patient with Dogecoin, and it will not survive anymore.