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Topic: Doge coin is good or bad for investment ? - page 6. (Read 8074 times)

member
Activity: 517
Merit: 10
Every one expecting very good about the Dogecoin because, after Binance announcement, people who filled their bags are already waiting for their turns in order to make huge profits with the Dogecoin. Yes, once the trading volume starts increasing the price of Dogecoin will surely increase in the market.
it is a simple thought to see dogecoin rise. one feature of doge that makes me have it only at very cheap transfer costs. I often use it for inter-exchange transactions, with lower costs than other assets, it is my consideration. for my own investment, I don't really know the prospect.
jr. member
Activity: 224
Merit: 3
I do not make DogeCoin an investment, now I am used to using DogeCoin as a pair to send assets that I have to a local exchanger which I will exchange with my country's currency, because using Dogecoin transaction fees are relatively cheaper than ethereum or Bitcoin shipments.
Indeed, dogecoin transaction fees are too cheap and this is probably the point that people like about dogecoin, and except for this point, perhaps dogecoin does not have too much usefulness to become an investment place, even though we have seen its boom but it is only occasionally, and if we invest in it, we can only earn profits occasionally. While for other altcoin, the opportunity to make money is always frequent, and for this reason, we are probably too clear to consider dogecoin as good or bad for investment.
member
Activity: 700
Merit: 12
I invested in dogecoin since 2 years ago, until now I still hold it in my wallet, we all know that a few days ago Binance added dogecoin on their exchange site, I believe my future investment will get a big profit, the volume of trading in dogecoin will be high also to attract new investors and dogecoin traders in Binance, but all those decisions come back to you

Every one expecting very good about the Dogecoin because, after Binance announcement, people who filled their bags are already waiting for their turns in order to make huge profits with the Dogecoin. Yes, once the trading volume starts increasing the price of Dogecoin will surely increase in the market.
member
Activity: 574
Merit: 10
Dogecoin is one of my investment, and it's work best for me. I know that investing in Dogecoin will need a long time to get the profit, but I don't mind to waiting for that time because once Dogecoin increase, the price can increase for 3 times or more. But I don't know with the other because we have different coins for the investment.
Investing in dogecoin does indeed require a lot of time if you want to make a profit. And Dogecoin also if you experience a decrease is also not so drasitis. Therefore investing in dogecoin is one of the best investments.
full member
Activity: 700
Merit: 101
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I do not make DogeCoin an investment, now I am used to using DogeCoin as a pair to send assets that I have to a local exchanger which I will exchange with my country's currency, because using Dogecoin transaction fees are relatively cheaper than ethereum or Bitcoin shipments.
hero member
Activity: 882
Merit: 500
doge coin may not be a big investment, but now dogecoin is popular and dogecoin has a lot of fans but dogecoin doesn't have a significant and stable price at the top. still in the bottom position

Dogecoin is an altcoin created for a gift (its founder said so). Maybe it lives now because it has at least one strong pump every year. Its future is pretty good since Binance listed it
hero member
Activity: 2954
Merit: 672
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What I know is that it's a legit coin so any legit coin has a chance to grow.
Doge coin is not a bad investment but all depends on how investors see it, if one is interested with this coin, they need to make some research and do the right action. With a big number of altcoins in the market, I would consider this to be part of my portfolio but maybe risking only a certain percentage on this as there's more coins that I think could give better return than doge.
member
Activity: 330
Merit: 10
hi friends now the current price of doge coin is very low and i want to invest in doge coin. So please i need your suggestion that i need to invest my money in this coin or not? And now the price of 1 doge is 31 sat please give me suggestion.


Looking at the Dogecoin chart, it’s been having a pretty cyclic price action pattern versus Bitcoin. In the past 5 years, the DOGE/BTC pair has generally been bouncing up and down between the support level shown in purple, and the resistance level shown in green. With that, medium-term traders with moderate risk tolerance could consider creating a strategy around this pattern, for example buying at support and taking profit at resistance or vice versa. Of course, any type of investing involves risk and you should only invest the money you can afford to lose in the crypto market.
full member
Activity: 567
Merit: 148
do not think of investing into doge coin and earning fast profit from doge coins. the price of dogecoin is very low, and the increase in dogecon has never been monitored significantly on some exchanges. so I think you have to think more carefully if you want to invest in dogecoin.

Price does not matter much here. Dogecoin can become one of the best gainers soon. This is the cryptocurrency, which is not going to lose popularity, and it seems that DOGE is not going to vanish. So we can earn on it with time - Ninace show us that this coin is trusty!
hero member
Activity: 1204
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hi friends now the current price of doge coin is very low and i want to invest in doge coin. So please i need your suggestion that i need to invest my money in this coin or not? And now the price of 1 doge is 31 sat please give me suggestion.



if you drop your money in dogecoin when you created this thread, i think few days ago you already got a huge profit my friend
by the way, in my opinion this dogecoin was an old coin with huge support from their believer also this coin already proof it, if doge was a solid coin, because doge can survive in all market conditions
thats why i think this coin is good enough for investment,,
but remember, do not drop all your money in doge Wink

Thing is, if the OP is interested in an 'investment', then BTC or maybe ETH would be the better option for a long-term hold. Buy it and forget about it (at least for several months, which in crypto terms is like ages).

If for trading, Doge is fine though -- which means sell on the highs, buy back on the lows. If he bought it when he started the thread and held until now, I think the value of his coins would be basically exactly the same as when he bought them. Doge is profitable when folks keep an eye on it and sell/buy when it does its quick price jump thing.

But the problem now, besides the overall alt environment which isn't so great, is that Doge holders are very aware of how to the coin may jump up 1-2 times a year, but also falls back. I'm sure you have noticed that the ranges have gotten smaller ... instead of giant gains, they are more modest. Still potentially profitable, but not something to expect to get rich with.
full member
Activity: 1022
Merit: 152
I think this coin is not so bad because in fact the doge coin is so much loved by cryptocurrency lovers, and if invested it seems good too because this coin has been listed on a binance exchange even though the price is down but I'm sure this dogekoin has a good reputation so in the future it will also definitely have a fairly high selling value.
legendary
Activity: 1890
Merit: 1148
I invested in dogecoin since 2 years ago, until now I still hold it in my wallet, we all know that a few days ago Binance added dogecoin on their exchange site, I believe my future investment will get a big profit, the volume of trading in dogecoin will be high also to attract new investors and dogecoin traders in Binance, but all those decisions come back to you
Why did you not sell those when it reached more than 100 sats many times during 2 years that? You could make descent profit already if you sold all your dogecoin.

For me yeah it’s not so bad coin for investment. I personally like this coin very much and I've bought this coin at 40 sat and still holding for long term.    
Same here, i thought doge would be increased to 100 sats when it added to binance, but it's not
hero member
Activity: 3024
Merit: 745
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Price is currently on 28 sats and I think that's a good time to buy. It has reached 90 sats before and I thought that around 35-39 sats is the bottom of it but we have it now on sale. This is the only altcoin that everybody loves though it's made as a meme coin.
jr. member
Activity: 100
Merit: 1
Security and Privacy Features on the Blockchain
For me yeah it’s not so bad coin for investment. I personally like this coin very much and I've bought this coin at 40 sat and still holding for long term.     
sr. member
Activity: 1918
Merit: 268
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I invested in dogecoin since 2 years ago, until now I still hold it in my wallet, we all know that a few days ago Binance added dogecoin on their exchange site, I believe my future investment will get a big profit, the volume of trading in dogecoin will be high also to attract new investors and dogecoin traders in Binance, but all those decisions come back to you
sr. member
Activity: 864
Merit: 284
Dogecoin is one of the most widely used cryptos, ranking along with Bitcoin and Ethereum. When crypto becomes mainstream, Dogecoin can become crypto default for merchant payments, this will get the value from time to time. Besides that, there is a strong team behind the doge and doge already has a strong community behind it.
sr. member
Activity: 1092
Merit: 250
Hodlers Network
hi friends now the current price of doge coin is very low and i want to invest in doge coin. So please i need your suggestion that i need to invest my money in this coin or not? And now the price of 1 doge is 31 sat please give me suggestion.



if you drop your money in dogecoin when you created this thread, i think few days ago you already got a huge profit my friend
by the way, in my opinion this dogecoin was an old coin with huge support from their believer also this coin already proof it, if doge was a solid coin, because doge can survive in all market conditions
thats why i think this coin is good enough for investment,,
but remember, do not drop all your money in doge Wink
jr. member
Activity: 144
Merit: 1
I think Dogecoin is a very good secure coin.
Its very distrebutet and decentralized.
You dont have to fear of mega dumps its a natural market.
Its good to swing trade so pick it up at very lows and sell at highs.
Prefer BTC to DOGE.
legendary
Activity: 1680
Merit: 1001
do not think of investing into doge coin and earning fast profit from doge coins. the price of dogecoin is very low, and the increase in dogecon has never been monitored significantly on some exchanges. so I think you have to think more carefully if you want to invest in dogecoin.
All of investment don't take short time to get profit, even warren buffet has said the best time to hold invesment is forever.

It seems that Dogecoin must be able to raise prices to a high position if you want to be called a good coin for investment. now dogecoin still can't place a good position and still has a low price. so think about if you want to invest in doge coins.
therefore dogecoin cannot be considered as a good coin to be used as an investment because it is still very difficult for these coins to grow, so it is better to trade than to be an investment if you do not want to regret later
If it difficult to grow, how can you make profit while trading it?

full member
Activity: 406
Merit: 112
Dogecoin rose to 41 satoshis days ago, then gradually fell to 31 satoshis. That price is a very good price to invest, because Dogecoin will rally back to 40 satoshis range for sure. I have my target price for Dogecoin above 60 satoshis, and will not sell at lower price. The recent rise of the coin equal to more than 44 percent rises, that is amazing, but I believe in Dogecoin and its much higher price.
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