Topic: Dogecoin Millionaire Remains Optimistic About DOGE Despite Significant Losses - page 2. (Read 186 times)

Yeah probably Elon thats what other people do. This is an investment that no one forces them to go forth then if they got crash they are doing things like that. There is a disclaimer always that investment is not for positive gains only. You could also lose money in the process. The only way for him to recover and possibly gain is buy the dip now if he thinks there is a bright future for doge.

He was given council by Graham Stephan his fellow investors back when the value was still very high and his money was up to $3M but he was too hopeful that the bull run would continue.
He is right about it though but it seems like this is his first bear market experience in crypto so he wasn't expecting a $3M could dive down to $50K.

The bull run is coming though, all he just has to hope is that BTC halving could also make the doge price go up.

Who did he want to sue? I do laugh at this kind of people, just like those who filed court charges against Elon Musk, it's very ridiculous. As an adult, you are entitled to your decisions, let no one make you do what you do not want to do, and if you agree to it, then it's your burden. Investment is everywhere and both losses and winning are everywhere hanging around it, it's a risk we are all taking. If your risk has cost you loss, why blame others? Even financial advisers who have speculated wrongly to make individuals and companies suffer huge losses have not been sanctioned or sentenced talkless of someone who might not even know you exist? You think before you sink, our destinies are in our hands and no one should take the fall for our decision/agreement.

As for Dogecoin, the guy still has hope, I am certain that Dogecoin will pump in the next 1.5 years and might surpass its ATH. It's time for him to buy more.

Yes selling is a part of investing. You should know when to buy, when to average and when to sell. If you missed the selling period you should hold or average. If you are much lower from the expected stop loss and if you believe in the coin you are holding, it's better to keep them as there are higher chances that it would break its own price record on a subsequent bull run. Dogecoin being a popular coin would be here for long and would probably go through multiple bulls in the future.

He is gambling again with Dogecoin into the next future because this is just relying on a boom that never knows when it will happen, one can believe in this dogecoin boom even some say if Elon Musk blindly makes influence again on his twitter then it will happen another boom on dogecoin but I rule it out.

From $3 million to $50,000 with significant losses it is clear that it is better to survive than to sell it, my prediction is that dogecoin still has the potential to rise at least to the price of $0.5 but everyone knows that this is a memecoin that has no usecase so it only relies on the community or someone who can move its price, for example like Elon Musk who is fanatical about Doge.

He has no choice but to believe that there will be new round for his holding to reach for millions again. But I believe that he regret his decision by continue to hold it since if he sold it he would provably enjoy the money he earned from doge. But greed eats him and I guess he is now holding back waiting for another chance in life to earn millions.

We can learn a lesson from his story and we should avoid his mistake made so that we will not lose a fortune on bad decision we possibly take.

Doge is a good coin, but I do not guarantee altcoin ATH, but it can happen. I will be guessing/gambling that doge may reach $1 in the next bull run. I am only guessing, do not take my word to be valid because it is under probability. The coin that I am certain about that would increased and reach ATH is still bitcoin.

I will advice anyone that wants to invest in doge to be careful, they can invest but when it increased very significanly, they should know that bear market time would come and they should not think two times before they should sell it.

You can never rule out for a popular coin to bounce above its last time high. Specially when it's a favourite meme coin for one of the most rich and innovative person in the world. With its constant appearance in media and buzz on the social media Dogecoin has been a widely know coin for general public on par with Ethereum. It would not require any large reason to spur a buying trend among the non crypto savy investors.

This is a huge feat. Surely he is down a lot and probably thinking of filing suit. But then again, its his money and choice to buy dogecoin during the time it is worth $3m. Im not sure how this could be remedy, maybe in time if another bull season resurfaced. But thats not a guarantee even dogecoin has a potential. Market is volatile and we cant predict hows this gonna happened.

Investing in cryptocurrencies can be risky, especially in the volatile Market of Dogecoin. One investor, Glauber Contessoto, experienced a significant loss in his Dogecoin holdings, going from almost $3 million to $50,000. Despite this setback, Contessoto remains optimistic about the future of Dogecoin and believes it has staying power.

The rise of 'Dogecoin in 2021 resulted in early investors becoming millionaires. DOGE’s market cap skyrocketed from $1.2 billion to $75.26 billion in less than five months, reaching an all-time high of $0.74. Glauber Contessoto was one of these overnight millionaires, with his holdings reaching $2.9 million.

However, the value of Dogecoin has since declined, and it is currently Trading at $0.06378. This sizable drop in value has diminished Contessoto’s holdings to approximately $50,000. Despite this loss, Contessoto maintains his trust in Dogecoin and believes that dog-themed meme coins have a better chance of spiking in value compared to other meme coins. He points to the success of frog-themed crypto PEPE as an example.

Contessoto is not the only investor who has experienced a significant decrease in the value of Dogecoin holdings. Keith Johnson, another investor, suffered losses and even filed a $258 billion lawsuit against Elon Musk, known as the “Dogefather” for his support of Dogecoin. Musk’s tweets about the cryptocurrency often result in price spikes.

Source:
https://btc.gripe/threads/dogecoin-millionaire-remains-optimistic-about-doge-despite-significant-losses.9127/