Is Doge Coins still a good investment option?

Issa56

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

If you have invested in it before and you made a good amount of money, since you still want to go back to it, then just do your analysis before entering the market. As long as you are holding it for a long time, I am sure you will be able to make some money from it, but don’t expect the same amount that you made the last time you invested. So instead of taking that kind of risk, and i I won’t be getting much profit, then it’s just better if I invest my money in bitcoin and have peace of mind. I will be confident that nothing will happen to the coin that i invested in.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

Do anyone feel the same way about Doge coins being a good investment option?

I definitely consider Doge Coin as a good investment option but it is difficult to predict when this coin will reach the expected place. I have been holding Doge coin for a long time but have not seen any big pump in this coin. The price of the coin increased slightly in 2024 but it was not sustained and the price moved to the downside. But I haven't lost faith in this coin yet. If the Bitcoin price goes above 100k or more then we will be able to see a bull market for this coin. Moreover, since the coin is one of the oldest among the meme coins, there are many who will be encouraged to invest in this coin. It can give good results in long term.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

That's good for you if you've made money off Dogecoin last bull run. I have already loaded some money on Dogecoin, not that much for this upcoming bull run but at least that I'd be able to taste something from it if ever it goes crazy again and when those laser eyes of Elon Musk comes again.

If there are memecoins that I'd want to invest, I'll cross out everything except Dogecoin. This is our beloved memecoin that has been there for so long and it has got the love that it deserves and still being loved until now. As for asking if it's still a good one, pretty much it is but don't invest everything that you've got.

Still, remember the first rule about investing only what you can afford to lose. Whether it is with Bitcoin, Dogecoin or anything in the crypto market but you have already the experience and made money too so, you know the deal.

jaberwock

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Quote from: pakhitheboss on August 09, 2024, 07:26:36 AM

Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Any altcoins as of now are not a good investment considering the way the markets are operating right now. I am a fan of Dogecoin and I in the early days did have a good amount of that coin. I sold them when they first started pumping and haven't bought any of them.

What I am trying to convey to you is that there will be a big market crash in the coming months or days. If you can take the risk and keep on holding the coins till the market recovers then you should buy them. Otherwise except for Bitcoin and Ethereum avoid investing in any other coins.

Why, how is the market acting right now? I am not into altcoins, so I don't check their price that often. I am only with BTC and I can see that BTC's value right now is in good shape, so I guess the value of the altcoins are in good shape too but there are people who actually think that that was a bad time to invest.

I think the same people who don't do a DCA because DCA is the act of buying coins at any price point and it's a popular method right now, which means a lot of people are doing it. Apart from BTC and ETH, there are still good altcoins which are worthy to invest in. Believe it or not, DOGE is among it because it isn't the only first time it pumped up but another set of pumps have happened after some time and many believes that it will occur again.

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Quote from: Z_MBFM on August 11, 2024, 05:24:53 AM

Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Doge is priced much lower than ATH but its marketcap is significantly larger than a meme coin. So I don't think it can hit price like its highest ATH again in future. Because it had hype only for Elon Musk but doge doesn't have any hype like it did in the early days and I doubt how much it will hit in the future. But whether you can afford to invest in it is entirely up to you personally. I am not personally motivated to invest in Doge

Doge is a very old meme coin. Hey Kiss supply is slowly being depleted so it could be worth a lot again in the future. It is true that Elon Musk is responsible for pumping Doge like this but now Doge has become the coin of choice so many people are investing here and believe that good profits can be made from Doge. But since this is a meme coin, investing here with risk is like gambling. He who has the ability to do so must do so

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

doge is never good investment, no can say that a meme coin can be good investment, whatever it's doge or others meme coins,
meme coin is always risky investment, but some top meme coins gained trust for a big community, as like doge is one of them,
because it's got supported by elon musk, so many other good option to invest your money then doge.

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Quote from: bakasabo on August 11, 2024, 04:31:05 AM

As far as I know, dogecoin is not the only altcoin that offers features that you have put in the list, which makes dogecoin not unique. And since it is not that unique, the chances of it to become really demanded and push price up arent really high. As well as dogecoin was already pumped numerous times. Do you think all of a sudden it will get pumped again or someone will again for that trick? Moreover ATH is no way near. So have you reconsidered rebalancing your all-in in other altcoin?

I agree partially as Dogecoin is not alone with these features because we are having many other coins with features like these and also few are doing better than Dogecoin but usually when I personally invested into this coin for the saving purpose I am always having no regret with my this decision because this is one of the coins which always stand good with few others because these are lurking into market for years, and we are always having them on solid spot.

Currently as market is bleeding due to Middle East conflict and few other things are having problems this is good time for jumping here and taking own share of profit even sometime it takes time but still we have never been things gone into deep like we have in other meme coins.

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Yes Doge is always my favourite investment, and still it is best investment option for those who want safe and profitable investment. Doge is currently trading at .1$ and it has to cross .5$ in near future and by the end of this year it will be trading between .6$ to .83$

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Investing in dogecoin has high risk due to price fluctuations and high risk. Compared to other cryptocurrencies, Dogecoin has limited use cases, unknown futures, and rapidly fluctuating volatile values. It is important to weigh the profits and risks of investing in Dogecoin before making a purchase. Dogecoin is another alternative if you can take a high risk, earn a huge short-term reward, and buy during the market decline as we are currently experiencing. However, investing in other cryptocurrencies like Bitcoin or Ethereum can be a better choice if you are looking for low risk and long-term stability.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Even though we see a discouraging dump on Doge coin still this is more relevant coin compare on other shitcoins in the market. Instead of thinking about adding those questionable coins out there I would choose to have Doge coin in bag since this is top of those shit coins in chain. Also its more realistic to see a possible next pump with this coin compare to those in verge of death altcoins they are thinking about going to pump in future.

So if you can take risk on Doge future then try it, But if your funds is enough and you are just trying your luck to earn then maybe find other alternative since what I think Doge coin will not give you any fast result.

Z_MBFM

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Doge is priced much lower than ATH but its marketcap is significantly larger than a meme coin. So I don't think it can hit price like its highest ATH again in future. Because it had hype only for Elon Musk but doge doesn't have any hype like it did in the early days and I doubt how much it will hit in the future. But whether you can afford to invest in it is entirely up to you personally. I am not personally motivated to invest in Doge

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Quote from: nutildah on August 10, 2024, 12:54:42 AM

The main reasons are:

strong community worldwide
1-minute block times
$0.01 tx fees (or less if you're stingy)
merge-mining with LTC makes network more robust
plentiful supply makes it easier to use as a currency

Having said that, I'm currently nearly all-in on $DOGE.

As far as I know, dogecoin is not the only altcoin that offers features that you have put in the list, which makes dogecoin not unique. And since it is not that unique, the chances of it to become really demanded and push price up arent really high. As well as dogecoin was already pumped numerous times. Do you think all of a sudden it will get pumped again or someone will again for that trick? Moreover ATH is no way near. So have you reconsidered rebalancing your all-in in other altcoin?

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Doge coin is not a gamble, this is an OG coin with strong community support, if I am buying doge coin I am doing it with confidence, because this coin is a top coin and its been around for a very long time now, be rest assured that history will repeat itself again, there is lots of gains to make from these type of altcoins once the altcoin season is back in action.

Here is a cheat code, new projects that raise good funds will bring better returns than the old projects, make sure you diversify your portfolio.

GoodLuck.

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Quote from: ajiz138 on August 09, 2024, 03:33:34 AM

Quote from: steve5946 on August 09, 2024, 02:31:45 AM

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

It's good that you already have bitcoin but never put a lot of money in meme coins at least 5% of your portfolio for Doge it doesn't matter if you believe in Doge in the future.
The current price of $0.1 is still very likely to return to $0.2 but for ATH I am still not sure Doge can go beyond that because this is my prediction so you can conclude yourself about your investment there.
So far I have not dared to invest in meme coins, there is still a lot of trauma buying meme coins that are small capitalists, so for Doge at least there is still hope to rise.

Thats exactly the point, since the op already has Bitcoin in his portfolio, trying other coin wouldn't be a problem, for me I understand that doge coin is not a total dump coin and it is said to be one of the best if not the best meme coin due to its market capital, the only advise I can guve to the op is that he shouldn't expect a high pump from doge coin if there any kind of appreciation in the Bitcoin price.
I love it when you said there still hope for Doge coin that's to say that the op can go ahead that's if it is what he really want, personally I encourage asset diversification once the asset you want to invest in is well known and can be identified as one of the assets that can potentially add value in the future or anytime, although am happy that he own some fractions of Bitcoin which to me is a good move, so buying a little of Doge coin wouldn't be a bad idea but it should be done with a little amount.

Dr.Osh

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I'm not a meme coin fan, but I think there are still many people who are very enthusiastic about Doge Coin. This is because doge coin is the biggest meme coin, and has a large community. This might attract big investors in the future. If you are interested in meme coins, maybe Doge coin is suitable for that investment. However, I prefer to invest in popular coins like ethereum or binance, but I don't doubt that the potential of meme coin is huge, it's just that the risk is quite high.

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Quote from: nutildah on August 10, 2024, 07:29:54 PM

Actually, as far as cryptocurrencies go, Dogecoin has great fundamentals:

Quote from: nutildah on August 10, 2024, 12:54:42 AM

strong community worldwide
1-minute block times
$0.01 tx fees (or less if you're stingy)
merge-mining with LTC makes network more robust
plentiful supply makes it easier to use as a currency

I'd argue that, as far as acting as a currency goes, DOGE is superior to BTC or ETH. Its far cheaper to send, and now that its been around for 10.5 years, its firmly entrenched in the crypto landscape, which means its widely accepted compared to most other cryptos.

You are right. I think Dogecoin is one of those coins that won't go below it's current value due to its great fundamentals but rather go up in the future.

Whilst Elon Musk contributed to it's popularity, we can't argue that it's already got a potential before then.

nutildah

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Quote from: o48o on August 10, 2024, 05:25:58 PM

There's no fundamentals behind it

Actually, as far as cryptocurrencies go, Dogecoin has great fundamentals:

Quote from: nutildah on August 10, 2024, 12:54:42 AM

strong community worldwide
1-minute block times
$0.01 tx fees (or less if you're stingy)
merge-mining with LTC makes network more robust
plentiful supply makes it easier to use as a currency

I'd argue that, as far as acting as a currency goes, DOGE is superior to BTC or ETH. Its far cheaper to send, and now that its been around for 10.5 years, its firmly entrenched in the crypto landscape, which means its widely accepted compared to most other cryptos.

o48o

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Literally every investment is a gamble. And frankly doge is one of the safest choices. There's no fundamentals behind it, just pure speculation, but that speculation is based on history of it. To me it seems to be pumping with every altcoin season, and every time it has gone higher that "deserved", meaning that it will do that again, because there's no reason it wouldn't.

Pump this year seems like prepump it had that signaled green for every altcoinseason it had. Now we are just waiting for next one. I don't like doge, but i don't hate it either, but it's definitely pumping again at some point. It's probably not going to make anyone rich anymore, but 5-10x it might do.

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I made a profit from Dogecoin in the same year that you did, and I sometimes trade Dogecoin on futures too. It is a good option for investment. According to what I think, Dogecoin might surpass $2 in the future, but it requires patience. Remember that if you can't hold for a long time, you would be rich.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Yes I can definitely say that Doge coin is a very good investment and you can get good returns. Those who invested in Doge Coin when it was first launched in the market later reaped benefits beyond their imagination. But after 2021 I think it can give a good benefit in the next bull run. I'll invest in it too and hope for the best. I think $1+ will go higher in this bull run.

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If you are considering it as a diversification for your investments AND you have already explored it then there should be no harm in doing so.
Also chk through Crypto presales 2024... I've heard that some coins on presales do end up giving good returns.

Good Luck!!
Happy Investing!!

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Quote from: Oilacris on August 09, 2024, 09:58:30 AM

The key on here is on invest on the amount that you can afford to lose as always. You wont really be finding yourself to get stressed on the time or moment that shit things happen.
If you do really believe on DOGE then its your choice, if you do base up because Elon Musk is holding or promoting it then it would really be your choice. No one would really be pushing you

Elon Musk contributed to the success of Doge, but without Musk, the project is big and worth the investment. We may differ on the return on investment and whether it is a successful investment or not, but the project will stay with us for at least 10 years.

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Quote from: NASdaq on August 09, 2024, 02:54:42 AM

All that doge themed coins are just one big scam. It's like a lottery with pretty low winrate

Not really, nobody knew that 2021 would be that good for Dogecoin but it was. For example, when we take a look at $WIF, nobody was 100% sure that it would generate good returns but it did.

The better approach is to invest in what you can afford to lose and in a coin that you feel has potential.

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Quote from: asriloni on August 09, 2024, 04:45:27 AM

Don't you ever think of moving on to other meme tokens instead of always focusing on Dogecoin? That may also be profitable for you. Dogecoin went crazy in 2021, but it is most likely that we won't face the same situation again soon.

Of course, I'm open to exploring other meme tokens as long as I feel that there's a potential for it to generate a good return in the future, yes.

nutildah

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I've been a fan of DOGE & use it more than any other crypto, and have been since 2014. The main reasons are:

strong community worldwide
1-minute block times
$0.01 tx fees (or less if you're stingy)
merge-mining with LTC makes network more robust
plentiful supply makes it easier to use as a currency

I was into it way before Elon, but let's face it, without any action from Elon its doomed to fall back into the single-digits price-wise. So yeah its a great crypto to use but a risky long-term investment.

Having said that, I'm currently nearly all-in on $DOGE.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Op, I don't like altcoins because altcoins are risky, investing in altcoins means losing a lot of money. However, investing in ETH, BNB, SOL, MATIC coins can be good and you decide to invest in DOGE coin which can be good. However, you have to invest with risk, you may gain or lose. But if you can invest in trusted coins like Bitcoin then your risk will be very less, if you can hold Bitcoin for long time then you can definitely earn profit. Currently the price of Bitcoin has dropped a bit so you can invest in Bitcoin. Finally, invest where you feel good about investing, because if you invest on someone else's advice and face loss, you can blame others.

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Quote from: TastyChillySauce00 on August 09, 2024, 08:27:15 PM

Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

It's good investment when the market is having significant dump, honestly doge coin after reaching 10 billion ++ market cap doge's price action heavily resembles bitcoin and right now just follow bitcoin trend, it's unlike newer meme coin with lower market cap where the hype still heavily influence the price action of the coin and dictate whether it's gonna be bullish or bearish.

dogecoin is just another high market cap investment much like BNB, SOL, or ETH. the risk of delisting is close to zero, the market is already stable enough and you're more likely not gonna get that big of a profit unless BTC is having big rally.

You're right, I can't compare Doge to other newly launched meme coins, it's market cap is outstanding making it one of the best for investment when it comes to investing on meme coins though there are other good meme coins too but I'll love to invest on the most outstanding that's shown good potential therefore investing on a meme like Doge over others is not a bad idea at the moment. If the OP had invested days ago when the market in general experienced a massive dip, he would've made good returns currently depending on his investing power as there was an upsurge in the price of coins that follows Bitcoin trend, well incase he missed out, he could wait for another buying opportunity and take advantage of it. But i'll pick BNB, SOL, ETH over Doge irrespective of Doge's market cap and only invest if I've got spare cash after accumulating those other Alts on my portfolio cause they show better potential than Doge which is a meme coin.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

It's good investment when the market is having significant dump, honestly doge coin after reaching 10 billion ++ market cap doge's price action heavily resembles bitcoin and right now just follow bitcoin trend, it's unlike newer meme coin with lower market cap where the hype still heavily influence the price action of the coin and dictate whether it's gonna be bullish or bearish.

dogecoin is just another high market cap investment much like BNB, SOL, or ETH. the risk of delisting is close to zero, the market is already stable enough and you're more likely not gonna get that big of a profit unless BTC is having big rally.

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Quote from: MAAManda on August 09, 2024, 09:25:00 AM

Yes, Dogecoin (DOGE) is a good investment option than altcoins that have low MC. But it's not a good investment choice when compared to altcoins that have large MC. Shiba Inu (SHIB) and Pepe (PEPE) are other meme alternatives, there maybe you will get bigger returns considering they have a lower MC than Dogecoin (DOGE). What do you think about my opinion?

Yep mate I agree with you that Doge is a good investment as compared to Altcoin which has a low Market cap. While we should give more priority to the things in which the risk of involvement is less, i.e., good Altcoin. Becuse investment in Meme coin is too similar to Gambling on the other hand Altcoin has a low risk compared to meme coin but here Altcoin means good Altcoin. So you are right that Altcoin should be preferred over meme coin. But anyway, let me tell you that this is an exception, if a person has experience on how to manage risk, then I think there is nothing wrong with investing in a meme coin for instant profit. But it should be taken very carefully because investing in meme coins is like gambling. A little mistake can cause you to lose.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

The key on here is on invest on the amount that you can afford to lose as always. You wont really be finding yourself to get stressed on the time or moment that shit things happen.
If you do really believe on DOGE then its your choice, if you do base up because Elon Musk is holding or promoting it then it would really be your choice. No one would really be pushing you
to make up decisions in speaking about investment. You are the ones who would really be doing such decisions whether you would be putting up some DOGE into your portfolio
or you would really be leaving out on meme coins and would really be focusing into top altcoins or coins in the market like BITCOIN or ETH or whatever you do really like or want.
It would really be just that a matter of choice in the end of the day. So it would really be that wise that you should really know on what you are doing.

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I have a strong feelings that dogecoin still remains a prominent coin one can invest on because I've been looking on it performance of recent to discover the tendencies on how it have quick recovery over the bear market each time the crypto markets plummets, the first thing I've noticed was the it does not fall easily like that until the market bear is completely achieved before it falls, and when it wanted to rise, the process is more faster than many other coins in which they have fallen along together a the same time.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Nope! Dogecoin is not a good investment any longer! Unless you can push Elon Musk to start promoting dogecoin again. Dogecoin was dead long back when it's creator sold all his holdings and bought himself a brand new Honda Civic. Whatever you are seeing in Dogecoin right now, it's all because of Elon Musk's promotion.

So if you want to gamble, you can probably put some money into it. But if you want to stay safe, Bitcoin and ETH are two best options for long term.

MAAManda

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

Do anyone feel the same way about Doge coins being a good investment option?

Yes, Dogecoin (DOGE) is a good investment option than altcoins that have low MC. But it's not a good investment choice when compared to altcoins that have large MC. Shiba Inu (SHIB) and Pepe (PEPE) are other meme alternatives, there maybe you will get bigger returns considering they have a lower MC than Dogecoin (DOGE). What do you think about my opinion?

Plaguedeath

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Doge coin is a mother of meme coins, so it's the strongest if you want to compare with other meme coins.

Doge coin might be the top choice for people who looking for a secure coin with low fees without care about the privacy level.

The price tend to rise when the Bitcoin network congested, since the Bitcoin fees will getting higher and higher in the future, the price of Doge coin would rise too.

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It’s still a good investment yes. It’s been around since 2013 so you’re talking about over 10 years of trading, that has to count for something. It’s a legitimate liquid coin, you're not going to get rug pulled by some new shady devs. It will probably do 10 x ROI within 18 months so it’s still a good time to buy, just don’t expect 1000 x ROI like you might get with a lesser known Altcoin.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

I think Dogecoin is still a good investment. If you are planning to invest then you can invest. But many may make very good predictions about this Dogecoin but I think it's better not to trust their predictions. I'm not a Dogecoin investor I'm just into bitcoin and ethereum. I would suggest you also don't miss to buy Bitcoin, Ethereum, Solana, BNB all these coins. If you buy and invest all these coins and go ahead with Dogecoin then I think your investment will get more beauty and success.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Any altcoins as of now are not a good investment considering the way the markets are operating right now. I am a fan of Dogecoin and I in the early days did have a good amount of that coin. I sold them when they first started pumping and haven't bought any of them.

What I am trying to convey to you is that there will be a big market crash in the coming months or days. If you can take the risk and keep on holding the coins till the market recovers then you should buy them. Otherwise except for Bitcoin and Ethereum avoid investing in any other coins.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

I don’t think so, the golden era of Doge investment is buying before Elon hype this token. Right now, there’s no point on still buying it since it has unlimited supply while the price was already discovered.

The price never went back again to the level before hype this token meaning there’s still a lot of big players hoarding this token waiting to dump on retail. Buying Doge is already a gambling and it’s better to stick with Bitcoin that has limited supply and increasing demand.

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Hmm, thats pretty interesting, mate!
To be honest, all meme coins are just similar to gambling. So everyone needs to understand that meme coins have a high risk, whether they are Doge coin, PEPE, or blah blah.

But Anyway, if we talk about profit, according to me, you should intervene in everything that has the potential to give you profit, but the obligation is that you know how to manage risk. So whether it is Meme coin or Altcoin if you have risk management then I think profit should be organized from this coin. Also, Doge Coin is one of the largest and earliest meme coins in the crypto market. I myself have organized enough profit margins from it during the previous bull run and even now if I make a list of meme coins, I will place Doge coin at the top. Becuse it follows a constant pattern, on a slight increase in Bitcoin, Doge Coin also gains a lot.

DYOR !

Quote

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

Haha, that's the point Mate !

You made a Golden Quote "Don't put all your eggs in one basket" Cheesy

People need profit not a collection. Bitcoin is an obligatory investment, while altcoins are also good when they give you a huge profit.

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Quote from: zakster on August 09, 2024, 04:18:57 AM

I surely is.
But better to have BTC & ETH
Or maybe have some from presale like Pepe Unchained, PlayDoge & Base Dawgz.

Yeah, considering the situation, I would go with a mix from both worlds, but more stables and big fellas of the market, of course Wink

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Quote from: steve5946 on August 09, 2024, 02:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

[/quote]

Don't you ever think of moving on to other meme tokens instead of always focusing on Dogecoin? That may also be profitable for you. Dogecoin went crazy in 2021, but it is most likely that we won't face the same situation again soon.

Quote from: steve5946 on August 09, 2024, 02:26:04 AM

Do anyone feel the same way about Doge coins being a good investment option?

I don't even think Dogecoin is a good investment anymore. There are now hundreds or thousands of meme coins. Also, Dogecoin will likely the same pump as 2021.
If i were you, I'd consider a meme coin with a smaller market cap than Doge coin.

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I advise you to read some of the reasons mentioned in this topic Stop treating Doge as a meme coin and thinking that it's all about Musk and the number of daily transactions is evidence of blockchain activity and not just a token being traded on CEX.

Dogecoin runs on POW and has an active user base and low fees so it may have value in the future but it is not the best investment right now.

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I surely is.
But better to have BTC & ETH
Or maybe have some from presale like Pepe Unchained, PlayDoge & Base Dawgz.

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Quote from: steve5946 on August 09, 2024, 02:31:45 AM

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

It's good that you already have bitcoin but never put a lot of money in meme coins at least 5% of your portfolio for Doge it doesn't matter if you believe in Doge in the future.
The current price of $0.1 is still very likely to return to $0.2 but for ATH I am still not sure Doge can go beyond that because this is my prediction so you can conclude yourself about your investment there.
So far I have not dared to invest in meme coins, there is still a lot of trauma buying meme coins that are small capitalists, so for Doge at least there is still hope to rise.

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All that doge themed coins are just one big scam. It's like a lottery with pretty low winrate

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Well for me it is still a good investment to hodl Doge tokens. It is biggest meme coin and we all know who else does really like it.
When Elon Musk does launch X payments there is rumors he will accept Doge as payment. It is that reason here I think we will see big gains when this dose happen.
https://www.benzinga.com/markets/cryptocurrency/24/08/40229658/elon-musks-vision-for-x-everything-app-advances-could-dogecoin-skyrocket-with-payments-lau

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Personally I don't really take altcoins as a suitable form of investment. Non the less doge coin is quite ok but I would prefer it as an alternative coin to make use of when trying to carry out simple small transactions. This is because sometimes bitcoin fees can make a couple of transactions seem uneconomical although bitcoin fees have been quite ok for some time now, when fees are quite high most bitcioners switch to doge for smaller and more light weight transactions.

Doge has quite an ok trend and from my experience for a while now it hasn't been too volatile (of course in a negative manner.).

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Quote from: Charles-Tim on August 09, 2024, 02:29:47 AM

I think doge can be a good investment but if you go through the recent price history, you may prefer to just invest in bitcoin because these coins are dumped already for new coins that have higher ROI. If you want to invest on doge, thinking its price will get to all-time high, do not deceives yourself because that will not likely happen.

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

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I think doge can be a good investment but if you go through the recent price history, you may prefer to just invest in bitcoin because these coins are dumped already for new coins that have higher ROI which which are also very risky. If you want to invest on doge, thinking its price will get to all-time high, do not deceives yourself because that will not likely happen.

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So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Topic: Is Doge Coins still a good investment option? (Read 484 times)