Topic: Is Doge worth investing? - page 10. (Read 2441 times)

if you want to invest and profit 5-10% on your next bull run try investing in potential new projects that haven't reached ATH yet, like ARB and SUI. Talking about the doge, I'm not too sure about this one meme coin because if it was just a bull run and without the hype from Elon the price of doge wouldn't have gone up drastically. I'm not against doge but I don't like it when altcoin prices are controlled by one person.

Doge is no longer trustworthy to me. How could anyone trust the meme coin like doge which Doesn't have any roadmap, any development, just still remain exist because elon musk is trolling it? That's Isn't fair. Recently i saw the news, babydoge will going to the payment gateway for Twitter user! I'm not sure about what is going to happened but now are you going to buy babydoge instead of doge?buying meme coin is proof of weak mindset

If you believe Dogecoin will be up to 7x in a future bull run, you can certainly invest. It would be nice for you to do your own research in terms of crypto investment, not sticking to what people say. Because that investment will give you profit, and it can also give you loss. So your decision will determine the amount of your assets in the future.

I think there are several factors that could affect the future potential of Dogecoin including support from public figures such as Elon Musk, widespread adoption of crypto by companies and financial institutions, and developments in crypto technology that can improve security and speed of transactions. Moreover, some market watchers predict that the growing demand from retail and institutional investors could provide a boost to the overall crypto price. Data Fully Diluted Market Cap Doge coin now $ 10,963,028,920 I think a large number Doge still has potential going forward.

If that happens, Dogecoin will be surely in vain aside from the fact that the coin is totally useless already as it doesn't have any utility that is why it's categorized as a meme coin but that coin will be supported or will be tweeted by Elon will surely gain a surge overtime as people will start buying that specific coin in the hopes that Elon will do his magic trick. But then again, the risks are not worth it as there are more chances that your funds will cease rather than seeing it gaining profits.

I totally agree with you that Dogecoin is not the right choice for us to invest because it has a very high risk. and we cannot refer to the previous ATH because not many coins have been able to surpass the previous ATH in the next BULLRUN. Dogecoin is just a memecoin that was raised by Elonmusk through his tweets so that it can reach $0.7. and what if in the future elonmusk tweets about another coin and not dogecoin.

the all time high of a coin does not mean that the coin is able to reach its all time high as before, because there are many determining factors, one of which is a coin that cannot keep up with developments and changes in the crypto world, including doge coin, no one can predict whether doge will rise again, or even this is just a temporary hype, in conclusion investing in doge coin is a big risk

Exactly the same thing i was telling my junior brother, I don't like investing in a coin been hype by one man or group of people, such coins will enjoy the riding when the backing is ongoing but anything the person withdraw the support, you will see a massive drop, I prefer to invest in a coin that is community driven that has a lot of support from different places, So for me Doge is a no no unless i will get it in deep and wait for bounce back to sell off. 

Exactly, we have to analyze each altcoin if we want to determine investment in the coin of choice, Doge is not a good choice for investment at this time even though the price is low and even if you want to have assets in Doge, invest from low funds so it doesn't impact losses if Doge's movements don't match expectations .

Doge coin is one of the best meme coin in the worlds it’s really good coin but when you thinking investment big amount in doge coin i will hardly recommended you STOP it big amount and try to invest small amount and i hope doge coin can moving slowly growth very soon if you are already investors in doge coin then need to wait with patience hopefully.

I totally agree with your opinion, moreover Doge price has increase very high just because of Elon and it is very risky to invest in Doge, therefore I also agree that it is better for you to do research on other altcoin or if you are lazy to do research, then it is better for you to invest only on Bitcoin or Ethereum, because I believe the price of Bitcoin or Ethereum can still increase very high and give you a big profit.

The top meme coin price is not relied on at the current market condition, low price return factor from the impact of price increase market is considered for meme coin investment option, even though the price is -88% currently but we are still doubtful for meme coin investment option and maybe -95% it would be good to try low fund investment but we are ready to risk loss.

Yes, investing in altcoins is risky but it will be more risky when some one try to invest in meme coins. Investors who are preparing to invest in Doge Coin should think thrice before investing. The return on investment in doge coins is very low. Doge Coin's highest ATH was 73 cents in 2021 and since then the coin is down 88 percent till today and there is also doubt whether new ATH will be available in the coming days. Since nothing happens in this coin except Elon Mask contribution, investing here can be considered as a money losing scheme.

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I'm neither for nor against Dogecoin, as it depends on individual risk tolerance and investment strategies. I mean, it has shown some impressive growth in the past, reaching an all-time high of $0.70.

While many people believe it could go past $1 in the next bull run, it's essential to keep in mind that the cryptocurrency market is quite volatile and unpredictable.

If you're planning to invest at today's price of $0.10 and exit around $0.70, that would indeed result in a 7x return. However, I suggest doing thorough research and weighing the potential risks and rewards before making any investment decisions. And remember, diversifying your investments is always a good idea.

I am not against Dogecoin in particular, but against meme coins in general, so to be frank, Dogecoin is the king of meme coins and the best of them in terms of market value and attracting investors, as it is the coin with the greatest luck highlighted by the leading businessman Elon Musk, and the dogecoin has achieved great successes since its launch However, this does not mean that they are devoid of risks. All meme coins can turn investment capital to below zero in short periods, so any investor or trader should beware of these mems coins and invest money that they wish to lose.

Indeed, in the end this is up to yourself, but regarding doges, I don't think there is a need to consult a financial expert or whatever because the conditions we should be aware of are doing here, you must be prepared to lose real money and get stuck in the investment you use.
My doge doesn't deny it's a good thing, but that was before Elon stepped in. Now it can be said that Doga is something that really isn't feasible because it's just to hit and run in doing it by waiting for the momentum pump that Elon is doing and getting out quickly because if not then you have to be prepared for losses that will be received with a more terrible dump.


This is the thing that must be done, hoping to return to ATH with something that has been destroyed in terms of reputation is indeed nonsense.
I think Elon behind it is exaggerating even though with their condition they realize that pumps like this are only temporary and in the end many people will get stuck (especially beginners) they shouldn't do that. But indeed many are still naive about things like this because their hope is instant profits.

I always tell people to take precautions whenever they ask if it's good to invest on DOGE or whatever meme coin is selling like hotcakes right now. For one; they are overvalued and underdelivering, since they are memecoins and do not embody a certain niche of need in the industry. A great example of this would be Dogecoin. It made millions back then thanks to Elon's belligerent shilling but as it stands today, the coin's peanuts and the future's looking bleak if it could even reach their supposed price goal of $1.

So is it good to invest in meme coins? Id you're an early bird, yes. Otherwise just invest your money into something more secure, most memecoins nowadays don't reach tremendous price ATHs and even if they do it usually always immediately plummet down.

I wont really make myself getting caught with the hype whenever the price is already at its near peak then it would be better to make yourself getting avoid with these things first which you would be that avoiding
yourself getting caught on the dump but well we are still on a bear season which it would really be just not that bad for you to set yourself or positioning up since in next years we might be seeing some bull run season
which we might be that regretting if ever we would be missing out on positioning ourselves.

Ive seen some recent news about some payment options which is connected on Twitter which is BBD instead of Doge. This isnt a direct integration since this isnt that
done internally. 

BabyDoge Can Now Be Sent As Payment On Twitter
https://thecryptobasic.com/2023/04/28/babydoge-can-now-be-sent-as-payment-on-twitter/

Maybe people now are having hint that BBD instead of Doge? Lets see!

Doge reached ath of 0.7$ which was an unexpected phenomena that time. But now, there's no surety that doge will able to reach such level again. Elon keep taking about doge for his own benefit. For the sake of elon support, some sudden pump of dogecoin Isn’t enough reason invest on it. I won't wonder if doge downfall because of elon sell his share for profit. Prospects of doge is now complex, better to looking for others coins