Does Dogecoin still worth to invest? - page 4.

Asuspawer09

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Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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 guess it is worth a try to invest in DOGE coin and potentially could give you a good profit even in short-term investment.

With my assessment of the DOGE coin market once it already reaches a certain price in the market it seems to stay in that market price and most of the time it doesn't just dump big time.

A lot of people are expecting the market price of the DOGE coin to drop big time just because of the recent pump but it doesn't I'm assuming investors are seeing a huge potential to this coin and expecting it to reach 1$ in the future so I guess it is really possible and we could easily make a good profit from it.

fullhdpixel

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Quote from: tarable on April 25, 2021, 01:45:27 PM

Actually it's not too late if there are still people who want to invest in Dogecoin, because after correction there will usually be a further increase even though everyone won't know when it will happen again, so what needs to be considered in this case is the size of the risk when someone chooses Dogecoin for the investment.

Yeah there are people still speculating about dogecoins to be reaching $1 price level in coming days. Probably it has stopped its rally right now because bitcoin market is not into bullish trend like before which may be the reason why people started suspecting about continuing investing with dogecoins. But, honestly I'm not having any doubts about the future of dogecoins because it is backed by billionaires.

When there are people for continuously pump dogecoins, I guess we can invest with it without any big hesitations. But, obvious plan for long-term holding that will help even on the occurrence of unexpected events.

tarable

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Quote from: MishaSER on April 25, 2021, 10:42:50 AM

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.

Actually it's not too late if there are still people who want to invest in Dogecoin, because after correction there will usually be a further increase even though everyone won't know when it will happen again, so what needs to be considered in this case is the size of the risk when someone chooses Dogecoin for the investment.

eaLiTy

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Quote from: xSkylarx on April 25, 2021, 01:02:36 AM

Elon Musk made it popular from his tweets and because he has a large number of followers, many got interested in this coin, and some people posted about this on tiktok to hype it. They just bought it without knowing the background of the coin. If this bull season end, dogecoin could return to its original value and this could wreck many investors of this coin.

Doge was popular with cryptocurrency users but for anyone who is not familiar with the market Elon Musk gave the launching pad and i am sure many invested because of the hype he created and then the institutional investors might have joined in to pump the market, if not we will not see the level of movement in the valuation.
Either way i wont be purchasing any coin until we see a major correction.

CoinFoxs

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Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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?

The bull run of dogecoin is not over some of the known crypto tycoons predicted that dogecoin will reach 1$ milestone in near so there is still a chance to get some good profit but this is crypto world so anything can possible in this world. There is a risk associated with crypto related investments so do more market research and then choose a coin for investment wisely.

Ebede

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Quote from: ?? on ??

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.

Yeah I even me I realised that alternative coins are the major cryptocurrency to invest with, alternative coins are attractive also becoming successful towards multiplication of coins and capital when invest in them, so I love altcoins so such because they really give me what I want in terms of investing, I will not fail to encourage people who have the capital to engage in cryptocurrency investment.

Teknisi88

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Quote from: TWW on April 25, 2021, 09:31:20 AM

it is not very good to start with Dogecoin at its current state.
The situation is that many doubt Dogecoin can achieve a higher ATH.
but looking at the chart movement in the Dogecoin market shows a good trend for trading. whereas to be honest it is too risky to invest.

True, I myself also have doubts about Dogecoin even though the price movement in the market is very good,
but it has never lasted long on ATH, but I also wonder why some people like Dogecoin at this time.

MishaSER

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Quote from: ?? on ??

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.

tbterryboy

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Quote from: TWW on April 25, 2021, 09:31:20 AM

The situation is that many doubt Dogecoin can achieve a higher ATH.
but looking at the chart movement in the Dogecoin market shows a good trend for trading. whereas to be honest it is too risky to invest.

But I'm having completely different opinion than you. Because I'm still believing into dogecoins to be having another round of big rally which might be taking it toward $1 price levels but anything could happen so investing some small percentage of your portfolio could be a wise decision, am investors might take in this bull season.

As I am believing that investing into the any altcoins must be having big round of risks, dogecoins cannot be an exception here. Instead of risking in any other random coins, I guess it would be much better if we risk in dogecoins for some sure profits at least in long run.

Woodie

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incase you want to read on this matter , then check how people consider Dogecoin as the go to coin, check New altcoin era? Dogecoin liquidations briefly surpass Bitcoin

Quote from: https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin

Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.

Various trends and metrics, such as social volume, trading volume, and liquidations in the futures market indicate that DOGE remains one of the most frequently traded cryptocurrencies in the global market.

Honestly you have all the reasons to invest in Doge, whats there to hate about doge, transaction fees are low, its the meme coin you name it, other alternative coins transaction fees go over the roof, you cant move these coins around inspite seeing a reduction in gas fees of late.

TWW

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Quote from: lexkiee28 on April 25, 2021, 09:26:18 AM

Maybe if you invest last year in dogecoin when its value is just about 0.004$ its really worth to invest in dogecoin but seeing that the value of it climb up at most .45$ and now its dropping, I don't think that its worth to invest in doge and I think that the price of it right at the moment will just go sideways.

it is not very good to start with Dogecoin at its current state.
The situation is that many doubt Dogecoin can achieve a higher ATH.
but looking at the chart movement in the Dogecoin market shows a good trend for trading. whereas to be honest it is too risky to invest.

yazher

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Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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?

Not today, you need another word from its promoters and when that happened, be the first to buy DOGE but that's not 100% sure. You need to inspect and be on yourself when it comes to investigations of a certain coin. now it drops a lot from its price a few days ago. don't be hard at yourself on whether you will invest right away or not. there's always a time for that and the time right now is to look for another opportunity in the crypto industry I'm sure with the current situation in the market, you will find the one that suits you.

lexkiee28

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Maybe if you invest last year in dogecoin when its value is just about 0.004$ its really worth to invest in dogecoin but seeing that the value of it climb up at most .45$ and now its dropping, I don't think that its worth to invest in doge and I think that the price of it right at the moment will just go sideways.

Nivia1st

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all the top 20 rank coins are worth investing in. and doge is one of them. for now it may seem like it's too late to buy, but it's actually the best time. remember the market is still in a rally, so there's no need to worry even if it's down. because soon the price will go higher. We just have to wait for Elon to make a new tweet about doge and doge is going to mars.

meldrio1

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Dogecoin has strong community and I believe it will grow for more even this coin was made for fun. Elon Musk still supported it so it will increase for sure just spare some money if you want to invest dogecoin.

Cling18

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Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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?

We still don't know when its hype will continue but despite the increase and its pump during the past few months, I still find it too risky to invest in it because, to be honest, it doesn't have a real function and purpose because it was just created to be a meme coin. When it comes to a long term hold, I would prefer coins with real purpose and has a huge potential to develop more in the future.

24Kt

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Quote from: martina14 on April 25, 2021, 08:09:18 AM

Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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?

In my own opinion, I could say that during its time while Dogecoin was on fire a lot of investors bought it in the market. Those buyers for sure now regretting why they invested DOGE? Even many of the members here knows that it was just a hyped methods only to get more investors.
But of course, we need to be wise just like this DOGE has only 90 to 100 holders only, so what would you expect to be happen in the future? of course this insane, and ridiculous.

Before they totally regret their investments on this coin, once Elon tweets again and pump the price, sell it. At least get your profits first. And then, go back to other top alts or even with btc. The future of doge is cloudy as right now, it relies on Elon's tweets. Once he got tired of promoting it, doge will go back to its old position. So for me, this is quite dangerous for long-term investments.

martina14

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Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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?

In my own opinion, I could say that during its time while Dogecoin was on fire a lot of investors bought it in the market. Those buyers for sure now regretting why they invested DOGE? Even many of the members here knows that it was just a hyped methods only to get more investors.
But of course, we need to be wise just like this DOGE has only 90 to 100 holders only, so what would you expect to be happen in the future? of course this insane, and ridiculous.

mamesso

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Quote from: hamba laeh on April 24, 2021, 06:44:02 PM

Quote from: LittlePrinceCat on April 24, 2021, 07:07:10 AM

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 think you should immediately sell your Dogecoin because the price of Dogecoin is very high in the history that has been around since Dogecoin was launched.and this year I think Dogecoin has found the latest Ath so that the price of Docecoin will fall back to its original level.so my advice is not to buy Dogecoin for now

The phenomenon that occurs with Dogecoin is the same as that experienced by NXT in 2017. At that time the NXT experienced a tremendous improvement in a very short time. But after that the NXT returned to its base price and has never increased again until now. If Dogecoin is as indicated as NXT, investors should immediately sell the doge before the price gets cheaper.

lxiaoh

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If it was me ,i do not invest in Dogecoin at this high price, yes, this price of Dogecoin is very very very expensive. Invest in Doge it is high risk, and i even predict Doge will down 99% in the next bear market.And when that time comes, i would buy some.

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