Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
I cant explaine phenomen of Dogecoin, I dont know why people so like it.. maybe it just advertisement of some of influencers and soon it will end? 
Topic: Does Dogecoin still worth to invest? - page 3. (Read 1026 times)
Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
IMO, 1 BTC at $1 million
1 Doge at $10 : https://www.youtube.com/watch?v=DPd7RgVWopk
Upswing potential for both is still very large.
However, the speed at which either of those coins reach those fiat values is unknown.
If you are one of those that sells , just because of fear, you should stay out of crypto investing.
If you have patience and can wait until your target price is reached, then crypto investing can earn you big time.
Decide your own personality 1st and then invest or don't.
FYI:
The appeal of Doge is it is still early enough for the little guy to make it big.
$1000 worth of Doge buys you 4000 dogecoin coins.
$1000 worth of BTC buys you a fraction of 0.019 of bitcoin
Doge at $10 makes your 4000 doge worth $40000 US Dollars
BTC at $1 million makes your 0.019 worth $19230 US Dollars
So the upside to doge is ~ double the fiat potential for the little guy.
Plus BTC should be kept on exchanges, so the little guy can avoid the ever increasing transaction fees.
Doge can be kept in a personal wallet, as transaction fees are affordable for the little guy.
BTC is for the rich and Doge is for everyone else.
One also needs to factor in the potential hyper inflation of fiat currency by all of the Worldwide Pandemic Spending,
this will drive the price of all cryptocoins sky high verse fiat, if it continues.
Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
I cant explaine phenomen of Dogecoin, I dont know why people so like it.. maybe it just advertisement of some of influencers and soon it will end? 
Dogecoin is a risky coin for investment.It is alive only due to Elon musk. Otherwise there is no fundamental or Technical base behind this coin.For safe entry there are lot of other coins .Risk takers can take entry and try to contact Elon Musk.
Did you know that only Elon Musk is an investor in Dogecoin?
Elonmusk besides being an investor he is also a person who is able to invite many investors who have large capital to invest in Dogecoin so that Dogecoin is a worthy coin to invest in in my opinion.
I've always avoided this kind of speculation coins, it was my choice. I respect for investors who invest and make money, and maybe the bull may even be $ 1 by the end but is it really worth taking that much risk?
Yes, it is totally a shit coin with no purpose but there is a very serious community behind it, it should not be forgotten.
Yes, it is totally a shit coin with no purpose but there is a very serious community behind it, it should not be forgotten.
Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
Doge has seen more increase and in a month it has reached over 400% increased, so it’s quite possible that those whales who are pumping it might start selling their dogecoins to get their profit, because that is already a huge profit for them. The price has slowly started going down , but whether this is the end or not is what I can’t tell you.But, if you have gotten enough from your dogecoin investment, especially if you’re among those that started with this year’s hype and invested when the market was very low, then this will be a good time to get off now that you have gotten enough.
although recently Dogecoin has experienced a decline, this Altcoin has shown its potential to all of us, because so far many consider Doge as a joke coin that is considered normal, precisely from its uniqueness a large mdal owner like Elon is able to boost its reputation, so that it can reach Ath new this year
Yes, this cannot be denied by everyone at this point in time, but we also need to realize that if only one person is able to boost Dogecoin to the top, then the resistance will not be that strong, you can see how long it will take when Dogecoin is at the ATH price, I only saw this one day, after the downturn always happened to Dogecoin.
all coins with a large market cap are worth investing in, so there's no need to worry about doges. especially now that Doge has loyal fans, and this coin is not underestimated. Elon Musk also thinks Doge is a good crypto and can be paired with Bitcoin or others. but for the time being I suggest don't buy just yet, wait for the market to show a better situation.
When we talk about this coin, I actually don't believe a little when the doge that coin joke can soar in price that several times it reaches new ath.
actually I really want to contribute and invest there, but I think again after seeing what is happening right now.
of course we all know that doge can be so zipped up to new ath thanks to a tweet from a billionaire, and i think if elon stops pumping doge i'm sure it will end and there will be no hope for doge because it's like a time bomb depending on an elon musk to do What.
actually I really want to contribute and invest there, but I think again after seeing what is happening right now.
of course we all know that doge can be so zipped up to new ath thanks to a tweet from a billionaire, and i think if elon stops pumping doge i'm sure it will end and there will be no hope for doge because it's like a time bomb depending on an elon musk to do What.
although recently Dogecoin has experienced a decline, this Altcoin has shown its potential to all of us, because so far many consider Doge as a joke coin that is considered normal, precisely from its uniqueness a large mdal owner like Elon is able to boost its reputation, so that it can reach Ath new this year
I think as bitcoin continues to grow, it creates room for other coins in the market to grow as well, so when we look at it from this perspective, I think there's still room for doge coin to grow, and also with the fact it's been promoted by someone the crypto community respects, this is in the person of Elon musk, I think as long as he continues to shill the coin, then theres a room for more growth.
But speaking for my personal self, I will never take my money near where dogecoin is, cus I've leant one thing which I think is very valuable, and this is, that a coin grows doesn't mean it's good for investing in, dogecoin to my own understanding have no valuable technology backing it at the moment except for the community of supporters and Elon musk, investing in this coin is too risky for me.
actually, every coin on the market has its own character. we can't say bitcoin gets all the other altcoins at their pump. as we have also seen bitcoin make a pump but it has no impact on the altcoins in the market.But speaking for my personal self, I will never take my money near where dogecoin is, cus I've leant one thing which I think is very valuable, and this is, that a coin grows doesn't mean it's good for investing in, dogecoin to my own understanding have no valuable technology backing it at the moment except for the community of supporters and Elon musk, investing in this coin is too risky for me.
doge has an extraordinary opportunity. yesterday we saw the correction taking place in almost all markets. but doge casually made the pump and its price stabilization.
what really happened to Dogecoin? what was once an insignificant asset is now being talked about a lot due to the high pump that has driven Dogecoin's price many times over.
like you, everyone will have their doubts about Dogecoin. but some people will also follow the FOMO that is happening in the market.
Investing in cryptocurrency will give us an advantage. but we don't just buy at the current price without financial management so that we avoid the risk of greater losses. The price was bullish as it is now if you are making long term investments you should really consider the analysis techniques. because the price has experienced a high increase since the last 3 months and has not seen a correction in the market.
Didn't you see a correction? At its peak, the price of $ 0.43 is now $ 0.27. Of course, the price may be lower, but in my opinion it is too late to invest, you should not expect huge profits.legendary
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I think as bitcoin continues to grow, it creates room for other coins in the market to grow as well, so when we look at it from this perspective, I think there's still room for doge coin to grow, and also with the fact it's been promoted by someone the crypto community respects, this is in the person of Elon musk, I think as long as he continues to shill the coin, then theres a room for more growth.
But speaking for my personal self, I will never take my money near where dogecoin is, cus I've leant one thing which I think is very valuable, and this is, that a coin grows doesn't mean it's good for investing in, dogecoin to my own understanding have no valuable technology backing it at the moment except for the community of supporters and Elon musk, investing in this coin is too risky for me.
But speaking for my personal self, I will never take my money near where dogecoin is, cus I've leant one thing which I think is very valuable, and this is, that a coin grows doesn't mean it's good for investing in, dogecoin to my own understanding have no valuable technology backing it at the moment except for the community of supporters and Elon musk, investing in this coin is too risky for me.
I think that dogecoin lives only thanks to Elon Musk. If not him, it would have been swallowed by market long time ago.
As long as Elon like and wants to make jokes out of cryptocurrency market, he will hype dogecoin and it will have some value. As soon as he is tired of games, dogecoin value will rush to zero. Answer is simply, follow Elon Mush twitter and his mood, buy dogecoins in small amount on price reductions (like current) and be ready either to quickly sell your dogecoin or lose everything invested.
As long as Elon like and wants to make jokes out of cryptocurrency market, he will hype dogecoin and it will have some value. As soon as he is tired of games, dogecoin value will rush to zero. Answer is simply, follow Elon Mush twitter and his mood, buy dogecoins in small amount on price reductions (like current) and be ready either to quickly sell your dogecoin or lose everything invested.
In my own opinion, the only good thing about Doge is that it has made some of its committed followers very rich. I mean there is no doubt that as long as people will talk about the DOGE and they continue investing, then surely more pumps will happen and its price will continue to soar high but not that high. We need to decide on ourselves whether or not we invest in DOGE, but many here are already saying not to invest fully in DOGE. This is a fun meme coin, nothing else.
you are right. the fact is that the price of doge is very high nowadays, and many people have become rich because of it. lots of people want to feel that way, and invest in doge too. although I think that right now if there is a decline, the price of the doge will return low, but the decision to invest or not lies in the way we look at it. Personally, I don't own a doge, and won't buy it for now. I only focus on coins with a clear development like ETH or BNB. 
There are a few issues that needs to be addressed, if you want to invest in Dogecoin. Keep these in mind:
1. It is a shitcoin, and in terms of technology it is at least a decade behind the other cryptocurrencies.
2. It is overpriced by a factor of 1,000x or more.
3. The acceptability and adoption remains much lower when compared to the other cryptocurrencies.
4. Most of those who invest in Dogecoin are unaware of it's history.
5. It is one of the most volatile cryptocurrencies available in the market.
1. It is a shitcoin, and in terms of technology it is at least a decade behind the other cryptocurrencies.
2. It is overpriced by a factor of 1,000x or more.
3. The acceptability and adoption remains much lower when compared to the other cryptocurrencies.
4. Most of those who invest in Dogecoin are unaware of it's history.
5. It is one of the most volatile cryptocurrencies available in the market.
In my own opinion, the only good thing about Doge is that it has made some of its committed followers very rich. I mean there is no doubt that as long as people will talk about the DOGE and they continue investing, then surely more pumps will happen and its price will continue to soar high but not that high. We need to decide on ourselves whether or not we invest in DOGE, but many here are already saying not to invest fully in DOGE. This is a fun meme coin, nothing else.
With a clear understanding I can say Dogecoin is just a meme coin which got no use case like it's coin has nothing which backs it up, just the shilling of Elon musk and other big guys. The reason for the pump of this token is just based on the hype, without this hype believe me this token wouldn't have moved so high, for me i wouldn't really advise anybody to invest in Dogecoin for the long run, for sure the bull run is still there and also the hype is still there which is surely the coin will still pump from this deep but like I said for me i won't advise anybody to hodl this token for the long run.
Indeed, the level of risk for Doge is quite high even though it is now in a position above Coinmarketcap, but if there are negative tweets from Elon Musk, the price of Doge can be sure to experience a big decline again. After the 10% bitcoin dump last week we could see Doge coin correction over 40% in a very short time. trading like this carries a high enough risk. I myself prefer not to invest in Doge because the increase is quite high 
With a clear understanding I can say Dogecoin is just a meme coin which got no use case like it's coin has nothing which backs it up, just the shilling of Elon musk and other big guys. The reason for the pump of this token is just based on the hype, without this hype believe me this token wouldn't have moved so high, for me i wouldn't really advise anybody to invest in Dogecoin for the long run, for sure the bull run is still there and also the hype is still there which is surely the coin will still pump from this deep but like I said for me i won't advise anybody to hodl this token for the long run.
At its peak, the price of $ 0.43 is now $ 0.27. Of course, the price may be lower, but in my opinion it is too late to invest, you should not expect huge profits.
It's not only too late but it's also very high risk to invest in a coin that can be dumped anytime by the whales who have been buying the majority of supply. people should know more about the risk by investing in the doge coin right now. A few addresses that controlled a lot of supply. That means if the risk for these addresses to send all of the doge coins to the exchange site will always there.
Remember that if doge coin has unlimited inflation as well and that makes the decision to invest in doge coin is even worst.
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