Does Dogecoin still worth to invest? - page 6.

llecrf

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Quote from: LittlePrinceCat on April 24, 2021, 08:07:10 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?

Nobody knows when the bullrun ends and if I do, then I'll buy more Dogecoin to store for a long time.
There are rumors out there expecting Dogecoin to hit $1 but looking at the current offering, I think that the $0.4 price is already high and a great price hit has been achieved with an ROI of over 400% in a few days.

AmoreJaz

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Quote from: Viscore on April 24, 2021, 06:28:11 PM

Quote from: ILuckyGuyI on April 24, 2021, 02:54:53 PM

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Isn't Elon Musk the owner of this project, so we can't rely on him for the future of this coin but to expect it dumps badly just like before?
Reaching $1 is seems so hopeless, I don't understand why people still thinking about that and as the current situation speaks out, I suggest selling it now before it drops more.

And instead of thinking about buying more on Dogecoins because of Elon Musk's support, better to prepare your money for Bitcoin investment, not this coin.

elon's support on this old coin is unpredictable. if the doge supporters is just relying on his support to increase its price in the market, then that is very dangerous. the doge team should do something from their end, now, that it is gaining attention from the community.
but if they will totally rely on elon's promotion, i dont think that is a sustainable approach. if elon got tired of tweeting something about doge, guess, the drop is imminent on this one. be smart on how you handle your portfolio.

Viscore

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Quote from: ILuckyGuyI on April 24, 2021, 02:54:53 PM

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Isn't Elon Musk the owner of this project, so we can't rely on him for the future of this coin but to expect it dumps badly just like before?
Reaching $1 is seems so hopeless, I don't understand why people still thinking about that and as the current situation speaks out, I suggest selling it now before it drops more.

And instead of thinking about buying more on Dogecoins because of Elon Musk's support, better to prepare your money for Bitcoin investment, not this coin.

Stalker22

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Quote from: LittlePrinceCat on April 24, 2021, 08:07:10 AM

Could you tell me whether Dogecoin still worth to invest?

In my honest opinion I think not. This crypto-currency peaked a few days ago, but since then is already started to decline in value.

The value of Dogecoin is following an explosive momentum growth that cannot last long. Dogecoin is currently valued at $0.27. While this is a significant value, the fact that it managed to get as high as $0.43 is very impressive, nevertheless, this price is steadily decreasing. There is no reason to expect that Dogecoin will rise anymore over the next months and this is not what I would consider a good investment right now.

As far as I'm concerned Dogecoin is losing strength and it's questionable that Dogecoin will become profitable in the long-term.

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Quote from: ILuckyGuyI on April 24, 2021, 02:54:53 PM

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Overall dogecoin is one of the shitcoins, we can not deny this fact. However, after Elon Musk's post, this coin has been preferred by a lot of people. Without the post, this coin has not no potential to be among the best projects. But it is just my opinion, to tell the truth, there are still some people who believe in the future of dogecoin and invest in this coin.

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Quote from: LittlePrinceCat on April 24, 2021, 08:07:10 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?

to be honest for now I am not trying to get into Doge, because Doge's price position in the market is very high so it is prone to drastically dropping prices if there is a negative trend that hit bitcoin like what happened yesterday, but in my opinion many people are lucky if they can take advantage of the moment of the decline in bitcoin prices happened yesterday because now Doge's price started to rise again so they can get big profits, but if you want to try to enter now, it's better to think twice.

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Quote from: LittlePrinceCat on April 24, 2021, 08:07:10 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?

Doge was never worth to invest, the only reason it went up was some super rich wealthy person tweeted about it and that's it. I mean without Elon Musk do you see dogecoin going up? Maybe as much as everything else in the market because all of crypto went up, but it wouldn't be going up like this, it wouldn't become a top 10 coin, hell it wouldn't even be a top 20 coin if it wasn't for Elon but at its peak it became like 5th or 6th I think (not that it is too much down now).

So long story short there is two questions you have to ask yourself, do you think that Elon will keep tweeting about it and increasing the price? Or do you think it is too risky to invest into something hoping Elon will tweet one day? If you can answer that, you can invest or not depending on the answer. I personally never did and never plan on ever investing into it neither.

susuberuang

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I think it is very risky to invest in Dogecoin now because the price of this altcoin is very high, considering that the DOGE coin is a meme coin so it is not worth investing in right now, I am afraid that the DOGE coin will be discarded suddenly and you will lose, you should wait until the price drops first,

ILuckyGuyI

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I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

mulia sabee

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The price of Dogecoin has reached ATH, but in my opinion in the future there is still hope for even higher prices for Dogecoin, if any trader wants to invest in Dogecoin now is the best choice considering the market is undergoing a correction. My prediction is that Dogecoin will reach a price in excess of $ 1 in the future.

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Look at how the Dogecoin chart is moving in these 2 days, do you think it is still worth investing in?
After shocking the crypto market a few days ago, now slowly Dogecoin returns to its habitat, I am not sure Dogecoin will be able to increase again anytime soon, because the Dogecoin phenomenon is over. So you should think 10 times if anyone has advised you to invest in Dogecoin.

daenarys_stormborn

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I strongly agree with the opinion that Dogecoin is still worth investing in, because in my opinion Dogecoin can still go up, even though the Dogecoin price is already very high, there are still many Dogecoin enthusiasts out there, especially after several times Dogecoin has made a scene, Dogecoin is becoming increasingly popular and known to many people

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Quote from: LittlePrinceCat on April 24, 2021, 08:07:10 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?

Better to wait for lower price and then see how it is going for a few days. Maybe if price keep like that, it is good to buy but don't use all money. Prepare to back up if price goes lower with same pattern or maybe wait for a dip like price initially before pumped, i think it is barely reached but can too.

nightwishx

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Quote from: tobi4255 on April 24, 2021, 01:32:29 PM

It's very risky to invest now. If you have enough money to loose than you can invest in Doge. It might be a profitable invest.

That's why you call it risky. Currently the price of Doge is too high for a coin that doesn't even have a real use case. The only profitable investment is if you really know when you will buy and sell it, but maybe you will not get the maximum profit like when Elon Musk used his power of influence.

Peterson60

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To me, it seems like the time to invest in Dogecoin is over. Even according to https://tradingbeasts.com/price-prediction/dogecoin, the coin shouldn't be more valuable even by the end of 2021 than it is now.

mdzahed134

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I don’t see more hope Doge coin will hit 1$ in this bull run although it was highly expectation from holders. This coin is still overvalued that's why i think most possibility to sudden dump. Definitely right now that a risky entry. I don’t any recommend to invest. Current price will never stable for long time cause of overpriced coin.

tobi4255

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It's very risky to invest now. If you have enough money to loose than you can invest in Doge. It might be a profitable invest.

Rengga Jati

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For investment? Long term?
I don't think so,

I am trading Dogecoin, especially for scalping. yeah, this is worth getting some profits by scalping from Doge.
However, if it is about investment, for a certain time period, well, I am not sure to put it on my list.

I am wondering if those public figures don't make it hype again, the price will drop again. But yeah, I personally admit how the communities of Doge is very powerful, moreover with the certain statement and also influence by many more popular public figures and also news about this

serjent05

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It is quite risky to invest in Dogecoin right now since it recently got pumped. You might end up bag holding overpriced Doge once the whale decided to exit dump. Though I agree that the possibility of DOGE to be pumped again is there but I would play it safe and look for other investment that has yet to be pumped hard.

LittlePrinceCat

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Quote from: Farma on April 24, 2021, 12:30:24 PM

the thing I was most afraid of was that the price of Doge could collapse at any moment. however, currently the price of the doge is quite high, but the potential for a rise in its price remains. We don't know what else will make Doge's price even higher. I even thought the potential could be as high as $ 0.5

Yes, I agree with you. I’m afraid that dogecoin will continue to go down after I buy it. Since it’s price is much lower than other coins, then its risk is much more higher. I’m not sure whether dogecoin worth to invest, then I ask for professional advice in this forum.

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