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Topic: DOGE COIN is it worth investing in it or should i look for another ALT coin? (Read 9385 times)

member
Activity: 602
Merit: 12
Been using Doge coin for almost 2 years for doing bet. But for investment i will say i'm not interesting on doge. Doge is alt with no real project there. although the price is quite stable whenever another ALT goes down, i will do invest on another ALT with real project and real team.
full member
Activity: 616
Merit: 108
io.ezystayz.com
Doge coin will be around for a very long time because it was built for the community in mind just like bitcoin and at the same time good for means of payment, many did called it shitcoin in the past but dogecoin proved them wrong with its faster and cheaper transaction rate

I know literally no one that uses Dogecoin, because it is still a shitcoin. The only thing that is holding Dogecoin together is that it is a meme coin. Otherwise it would have been gone a long time ago. And imagine someone paying in a store with Dogecoins. Do you not feel embarrassed while you can pay it with BTC or ETH ?
member
Activity: 532
Merit: 11
♦♦♦♦♦
About goes up and down is something normal happend on alt. most of alt goes down when Bitcoin dominating market and the price jump up
about worth or not to invest ? i think doge quite good enough for alt coin, but for invest you can choose another better alt such as LTC or EOS
full member
Activity: 1176
Merit: 100
Vave.com
with use of work on customs with past terms as moderating returns of system to run on plan with the arbitrage, trader might gains as fine to collects with least on risks to release as expecting use with nominal of returns with profit to collects on terms with investment plan.
member
Activity: 574
Merit: 18
Making Smart Money Work
Doge coin will be around for a very long time because it was built for the community in mind just like bitcoin and at the same time good for means of payment, many did called it shitcoin in the past but dogecoin proved them wrong with its faster and cheaper transaction rate
hero member
Activity: 1092
Merit: 523
I see it go up and down every day so I'm confused!
Traders are using it to trade and as long as they engage DOGE in such activities, you should know that it will definitely be fluctuation. It is either you join traders in trading the coin or you just move on to another coin that is very good for future investment.

There is no coin is available in the market without fluctuation, even bitcoin. As bitcoin not been going up and down too from the moment it started its bull run? The best you can do is just to learn to trade, so that you can follow the league too by buying when the price is dip which you call low, and sell when the price is high, but the coins you can rely on now to continue increasing even when there are fluctuations are bitcoin and the top 10 coins on coinmarketcap.
sr. member
Activity: 854
Merit: 250
In my opinion, if you are ready to invest in the long term, Doge coin will be able to give you an advantage, but if you prefer to invest in short or medium term, then try to choose some other more promising altcoins.
fvb
member
Activity: 1470
Merit: 13
I see it go up and down every day so I'm confused!
In general, this is your personal business.  Do not listen to other people's advice.  Personally, I like the coin and keep a certain amount for a couple of years.  Small withdrawal fee, coin advantage.
legendary
Activity: 2730
Merit: 1288
I see it go up and down every day so I'm confused!

Any coin goes up and down every day. So If you are concerned with that you should not buy any in next years. After that most popular coins values will stabilize.
member
Activity: 630
Merit: 20
Try diversifying your holdings and try other altcoins and hold also some doge, the price is where is because the altcoins not have a bull run yet and we need to wait more for a bull run.

I'm trying my best so far in diversifying my coins but today dodge coin raised 15% that's why I'm confused  Roll Eyes

Doge coin and some other altcoins are pumping and dumping it's price. That's how we can gain profits from them. So if I were you, continue to invest in doge coin. For me, it is still a potential coins. If you will research deeper, some gambling sites are accepting doge coins that is why I do think it will survive in cryptocurrency world. Don't mind the flactuating side of doge, all of the coins are doing the same.
full member
Activity: 854
Merit: 102
MoonDeFi
Let's remember that this token was created as a joke and of course it has recently given a good profit, but for the growth of the token, the project needs a good product that this project has, as far as I saw the project, I have not tested it yet, but I’ll check it in the near future and tell you my opinion.
hero member
Activity: 1484
Merit: 516
The doge price is now a mess but doge is a fairly popular coin, you can invest in the long terms but still looking at the price and AFAIK doge can get more than 100sats / doge so investing in the long term is better at dogecoin keep looking at prices.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
I see it go up and down every day so I'm confused!

Well, that is not a weird thing in cryptocurrency because the price is often to fluctuating.
Doge is a good coin but there is no something news in there, so there is no much demands.
Maybe you can search for other top coins that showing some developments and progress.
legendary
Activity: 2674
Merit: 1048
I see it go up and down every day so I'm confused!
Seems like you are new to invest in cryptocurrencies. If you have done before you spend money to investing on doge coin then you will know that all prices crypto is not stable. I mean its price will go up and down drastically because its price pure depend on supply and demand so it will make the price volatile.

Other than that, the news who comes about cryptocurrencies are much even per day we will see several news againts it and these things will affect the prices of cryptocurrencies. Just suggestion, if you use doge coin as trading place then you have to set the target price that will you sell but if not I mean you use crypto as investment place you just need choose short term and long term investment.
jr. member
Activity: 63
Merit: 1
You don't need to be confused. Investing in just a single coin is even more risky, spread across different coins.  To be on the safe side, you can hold some of the top 20 coins on CMC. I'll suggest you look into EOS, TRX, NEO, ICX, just to mention some with vision. Don't just buy DOGE only.
Much better doing that, spreading your investment to much more known Alts aside from Doge, you have so many options from top projects around CMC, it's more likely to earned decent profits when you have this kind of investment.
Totally agree  Smiley
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
You don't need to be confused. Investing in just a single coin is even more risky, spread across different coins.  To be on the safe side, you can hold some of the top 20 coins on CMC. I'll suggest you look into EOS, TRX, NEO, ICX, just to mention some with vision. Don't just buy DOGE only.
Much better doing that, spreading your investment to much more known Alts aside from Doge, you have so many options from top projects around CMC, it's more likely to earned decent profits when you have this kind of investment.
jr. member
Activity: 63
Merit: 1
Anyone who is aware of the history of Dogecoin will never invest in that currency. It was created as a mock cryptocurrency, and basically it is a simple ripoff of Bitcoin. Somehow it managed to build a large and loyal user-base, and the exchange rates went up. But despite all this, the developers have shown little interest in popularizing this coin. And that is a giant red flag for me.  
Actually we have only Bicoin and forks (99%)... And most of them born and die like flies, when DOGE still alive...  Huh
sr. member
Activity: 1330
Merit: 289
You don't need to be confused. Investing in just a single coin is even more risky, spread across different coins.  To be on the safe side, you can hold some of the top 20 coins on CMC. I'll suggest you look into EOS, TRX, NEO, ICX, just to mention some with vision. Don't just buy DOGE only.
member
Activity: 560
Merit: 11
Dogecoin is just ingenious for sending between two exchanges, besauce of very low withdraw fee and high speed! I always use it for that, BTC withdraw fees are too high sometimes and too slowly.
legendary
Activity: 2044
Merit: 1008
Anyone who is aware of the history of Dogecoin will never invest in that currency. It was created as a mock cryptocurrency, and basically it is a simple ripoff of Bitcoin. Somehow it managed to build a large and loyal user-base, and the exchange rates went up. But despite all this, the developers have shown little interest in popularizing this coin. And that is a giant red flag for me. 
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