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Topic: Dogecoin - a joke or a way to make money? (Read 2818 times)

hero member
Activity: 2506
Merit: 645
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August 17, 2022, 11:16:44 AM
Without Elon Musk shilling for this meme coin, I think the Doge coin future isn't great anymore. No one would want to invest in this meme coin since there is plenty of crypto with good features, smart contract ecosystem, layer 1 or 2, privacy, PoS,... Basically, all the things to speculate and a chance to increase their worth. For Doge coin right now, none of this.
I think it's not totally true. Many low market cap coin which has no value and No real Usecase but I saw many X in bear market. This is all whale game. Shib, Baby doge, Safemoon etc are some big coin which are not shilled by Elon but hundred X from listing price.  Doge coin is not bad because listed on many big exchange and We may see some Big movement in future.
member
Activity: 434
Merit: 16
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I see from this Doge spike all games are played by whales, when everyone knows and sees the Doge soar high, surely the big whale will laugh and step up to do a Dump. So please be careful when you see a long silent ALT increase, so it's best to check first, to see if it's a trap or not.
Doge is the same as SHIB, if Shib has an increase then Doge will also follow it,
of course this is a game of whales, Doge is memecoin,
so don't be surprised if this coin experiences a pump and dump, and is usually called a joking coin  Grin
full member
Activity: 630
Merit: 102
I see from this Doge spike all games are played by whales, when everyone knows and sees the Doge soar high, surely the big whale will laugh and step up to do a Dump. So please be careful when you see a long silent ALT increase, so it's best to check first, to see if it's a trap or not.
hero member
Activity: 2492
Merit: 542
May be doge is not a joke token its a social media token ithink? When elon musk tweet about doge and it will moon so money people instant bilionare. Ihope shib is like a shib soon will reach 0.1 usdt soon
For sure Elon bought a lot of Dogecoins before introducing it to his social media followers last bull run until now Doge has a good price not even drop to its lowest in 2020 so means is has really serious support from whales and its supporters.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
Without Elon Musk shilling for this meme coin, I think the Doge coin future isn't great anymore. No one would want to invest in this meme coin since there is plenty of crypto with good features, smart contract ecosystem, layer 1 or 2, privacy, PoS,... Basically, all the things to speculate and a chance to increase their worth. For Doge coin right now, none of this.
I think it's not totally true. Many low market cap coin which has no value and No real Usecase but I saw many X in bear market. This is all whale game. Shib, Baby doge, Safemoon etc are some big coin which are not shilled by Elon but hundred X from listing price.  Doge coin is not bad because listed on many big exchange and We may see some Big movement in future.
When we urges about meme coin most people remember Doge coin. We all usually know that this coin is heavily influenced by Elon Musk. All types of meme coins are very low in bearish market. But I think we might get a special product for this meme coin in the future that might help to reach the high.
full member
Activity: 826
Merit: 135
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Yes doge coin is initiated and introduced as a meme coin but these days it has offering lots of advantages to its holders, there are so many individuals who wants to participate and buy doge coin because experts has speculate that the worth of doge coin will enhanced in coming months .There is a great demand for doge coin, Now you should buy and invest certain money so it will be enhanced after sometimes, it can be profitable for you.
sr. member
Activity: 1079
Merit: 352
dogecoin was one of few crypto sectors that can relate to the "normie", it's a dog and cute. As simple as that.
So people or someone who is new to the crypto scene will see dogecoin as the go as an investment rather than your erc-20 token etc. If we think it that way, it's a reasonable to say that doge coin was always a good play to make money
full member
Activity: 360
Merit: 100
Without Elon Musk shilling for this meme coin, I think the Doge coin future isn't great anymore. No one would want to invest in this meme coin since there is plenty of crypto with good features, smart contract ecosystem, layer 1 or 2, privacy, PoS,... Basically, all the things to speculate and a chance to increase their worth. For Doge coin right now, none of this.
full member
Activity: 854
Merit: 100
May be doge is not a joke token its a social media token ithink? When elon musk tweet about doge and it will moon so money people instant bilionare. Ihope shib is like a shib soon will reach 0.1 usdt soon
full member
Activity: 798
Merit: 104
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Dogecoin a project born as a joke now has a good reputation and is supported by a good crypto community if the investment increases then the price will increase a lot. Any coin whose price is bullish or bearish is more likely to make a profit if you buy on the bearish side to trade as the market is nearing its peak investing now is risky.
legendary
Activity: 3220
Merit: 1363
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Indeed, I wouldn't be surprised that Doge will continue with bitcoin and ethereum will continue in the future. The top altcoins from 2013 up to now, such as Namecoin, EOS, LISK… have been unable to hold their positions and are almost forgotten in the market. But look how Doge is still growing and supported by a huge community despite not having any utility in the first place. Without Elon there wouldn't be the extreme hype of 2022 but doge would still have an place on the crypto map.

Old coins are often forgotten because people move on to the next big thing in crypto. The only exception would be Bitcoin, Dogecoin, and Litecoin since they were the pioneers of this movement. It's surprising to see a coin that was once created as a joke, to be taken seriously by mainstream investors and traders alike. Unlike Shiba Inu, and other "meme" coins, Dogecoin has its own blockchain network with its own set of rules. You don't have to worry about paying exorbitant fees, because the Blockchain itself is free from network congestion (as far as it goes). SHIBA is tied to the ETH chain, so high gas fees on the latter would affect SHIBA's ability to reach the masses.

I'd say Elon Musk did well on patronizing Dogecoin, as the "meme" coin reached a wider audience during the course of 2021. There's renewed interest into Dogecoin, so it's likely developers will continue to work on it until it becomes a "force to reckon with". Considering that DOGE's been doing well since day one, I think it will be with us for generations. Just my thoughts Grin
hero member
Activity: 1820
Merit: 537
in fact, in the last period it has had a really sharp and heavy decline
anyway yes it's a funny meme, not even the creator thought it was going to get serious, it was just for a laugh in the reddit community (that's dying)
i like so much doge Cheesy is funny

No one even thought that Doge could have a huge community as it has right now. It was actually originally made for fun until a huge personality hyped it. It was surprising at first but as time passes by, we could see how Doge could reach a better value. As for me, as long as lots of people trust and support it, it could have a stronger potential to strike a higher value in the future.
member
Activity: 504
Merit: 10
Dogecoin is an atcoin that has been around for a very long time, and an altcoin that until now still has the largest community,
of course it is beyond question the fundamentals of Dogecoin, clearly DOGE is a successful investment and not just a joke
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
in fact, in the last period it has had a really sharp and heavy decline
anyway yes it's a funny meme, not even the creator thought it was going to get serious, it was just for a laugh in the reddit community (that's dying)
i like so much doge Cheesy is funny
The creater was created doge only for fun. And he never thought that Doge Coin could ever get into such a position. Due to which the creator sold all his coins long ago . Doge Coin is a fun coin but now it is also working as a way of earn. Many people are making huge profits by trading these coins.  But I think it is very risky to trade doge coin. so i always Avoid Doge
legendary
Activity: 1862
Merit: 1327
in fact, in the last period it has had a really sharp and heavy decline
anyway yes it's a funny meme, not even the creator thought it was going to get serious, it was just for a laugh in the reddit community (that's dying)
i like so much doge Cheesy is funny
sr. member
Activity: 2422
Merit: 264
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Dogecoin was created as a joke, but it is no longer used as a joke. It is used for speculation. Elon Musk noticed this too. That's why he tweeted a lot about Dogecoin for a while. I think it is a coin that is on the agenda of the whole world. It has now become a way of making money. The part of the dog about the joke is over.

Dogecoin wants to go to Moon with Elon for their whole life Grin
So many people lost a lot of money because of the huge drop in dogecoin. Retail falls victim to speculator whales

I'm just curious, Why do people still buy shit coins when there are alternative coins that have at least some value and utility to them?
Dogecoin is a good meme coin but not for investment, Doge is just here for the memes.
copper member
Activity: 106
Merit: 20
Cryptocurrencies cannot be predicted with certainty. Even dogecoin which is just a joke coin is so in demand in the market. But it's worth the trustworthiness because behind it is elon musk sitting alongside dogecoin. Public trust in Elon Musk makes Dogecoin stable above.

And literally his every action is reflected in the course of the coin.
newbie
Activity: 2
Merit: 0
It all depends on the person. I don't know how promising the coin is as a long-term investment, but as a speculation tool it has proven to be a good tool.

No one can accurately predict its development. Dogecoin was really a joke at first, but he is developing very fast now, and the future is uncontrollable. Don't be too absolute on anything, time will bring the answer.
newbie
Activity: 97
Merit: 0
Everybody knows that Dogecoin was created as a joke, but now it is worth real money. Do you think it is real to earn on it or it's all a big bubble?


Dogecoin no doubt was created as a joke, but it turned out differently as Elon musk got involved in the hype and influenced the massive pump. We could say it was a bubble, but that's not a certainty. I still hold dogecoin, though it's because I can't afford to sell at a loss. But I feel we could experience another pump during the next bull run.
member
Activity: 392
Merit: 31
I think doge coin is a quality crypto, because the ratings are also good and there are many big investors who invest in doge coin, including myself. and the doge coin has a good volume so it is very suitable for long-term or short-term investments.
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