Is Doge worth investing? - page 14. | Bitcointalksearch.org

tvplus006

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Quote from: Japinat on April 09, 2023, 08:21:29 PM

...Moreover, there's no telling if we can really gain if we ride with Elon because he is surely not doing this for everybody's gain, he's just doing it for his own self gain. ..

Do you really think that Elon Musk investment in the Doge coin made him the richest man in the world? Elon Musk has profitable assets in the real sector of the economy, so his shill should be considered as entertainment. He is simply amused by the very fact of the reaction of his followers to the tweets he posted.

lienfaye

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Quote from: Luffygroove on April 09, 2023, 09:59:15 PM

I hate to say this, but as long as Doge remains Elon Musk's toy, there's still a chance for the price to go high.

I agree. Many investors are influenced by Elon to invest in Doge. So even this meme coin has no real use case, they believe it's a good choice to invest because it can give huge profit to them.

Well, you can invest in any coins that you want but make sure that you did a research because we'll never know what will happen in the future. It can reach its ATH again or even surpass it but it's still uncertain. Thus, as long as you will only invest what you can afford to lose then it's up you.

Luffygroove

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I hate to say this, but as long as Doge remains Elon Musk's toy, there's still a chance for the price to go high. Even though it's maybe not as massive as it used to be, it would still have some peaks that could be used to gain profits. Did you see how the Doge image in some of Twitter's features could move the price up? Yes, there are some examples there. I think it is still worth investing, but you need to be extra careful and get prepared with the news.

FireDAOJackie_Z

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Quote from: tvplus006 on April 08, 2023, 05:56:14 AM

Quote from: MIner1448 on April 08, 2023, 02:55:21 AM

If you decide to invest in Doge, then it is important to follow the news and analysis in the crypto community in order to make informed investment decisions. It is also recommended not to invest more than you are willing to lose.
In general, the decision to invest in Doge or not should be based on your own research and understanding of the risks.

The same rules when selecting coins apply to all coins when investing. But the difference between Doge and other coins is precisely that you have to track all the tweets of Elon Musk that may be the reason for the pump of this coin. This applies to both positive and negative posts about Doge.

Exactly. I have followed Elon Musk's twitter for a while and to be honest, trusting or following him is the reason I bought some Doge coins weeks ago at $0.099. The price has been going down afterwards and do I regret ? Not really. I'd invest at a bad timing maybe but I was planning to hold the coins until the next bull market arrives. Even if the investment will be a total failure, it is okay. I'll learn the lesson then.

Japinat

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Quote from: Taskford on April 08, 2023, 07:26:51 AM

Quote from: tvplus006 on April 08, 2023, 05:56:14 AM

Quote from: MIner1448 on April 08, 2023, 02:55:21 AM

If you decide to invest in Doge, then it is important to follow the news and analysis in the crypto community in order to make informed investment decisions. It is also recommended not to invest more than you are willing to lose.
In general, the decision to invest in Doge or not should be based on your own research and understanding of the risks.

The same rules when selecting coins apply to all coins when investing. But the difference between Doge and other coins is precisely that you have to track all the tweets of Elon Musk that may be the reason for the pump of this coin. This applies to both positive and negative posts about Doge.

Elon Musk is very important character to follow if people want to invest in doge since he is somehow can manipulate its market thru his influence and other more. And we should not try to follow what other do if they are into long time hold with this coin because knowing Elon he can reverse back the price and create a fud just to make people panic on certain situation he want to create.

And that seriously explains why Doge is not a reliable nor profitable coin to invest on, we all know about it that's why it's been labeled as meme coin because it has no utility as well. Moreover, there's no telling if we can really gain if we ride with Elon because he is surely not doing this for everybody's gain, he's just doing it for his own self gain. Every crypto whale is the same, why would you guys try and waste your time on this coin if there are dozens of other coins in the market that is more profitable and less risky.

bitterguy28

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Quote from: JamesDaniel90 on April 05, 2023, 03:41:59 AM

I do not have any investment in Doge yet but am thinking about it.

I am looking for investments that will 5-10x next bull run and looks like this is a good bet considering it's all time high is $0.70.

Many say it will go past $1 next bull run and it could well do but think I would get out around $0.70 which would be a 7x if I was to invest at todays price of $0.10.

Would be good to hear some views on this - are you for or against Doge?

you are asking too much mate and most of the people I knew that seek for this? ended up a loser because I believe that wanting to x10 your funds in a market as riskier and volatile like this? mostly brings them differently.

and you believe that it will cross a dollar still not enough for you but seems to be an assured price.

invest in what coin you believe mate, no matter how much the profit but rely on how the security is.

Quote from: octobuzz on April 09, 2023, 07:10:11 PM

I think Doge is worth investing in for now. Although the price of the coin is quite dependent on Elon Musk, it may yield some returns as well. Since the coin's worth has noticeably increased, it would be very rewarding if one would purchase it to sell when the price appreciates. Considering the fact that people who owned Doge until now would be profiting of it as it stands.

as long as Elon Musk is willing to pump and manipulate the movement of Dogecoin then why not believe? Wink

octobuzz

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I think Doge is worth investing in for now. Although the price of the coin is quite dependent on Elon Musk, it may yield some returns as well. Since the coin's worth has noticeably increased, it would be very rewarding if one would purchase it to sell when the price appreciates. Considering the fact that people who owned Doge until now would be profiting of it as it stands.

trendcoin

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If Dogecoin becomes 1 cent again, maybe I will invest in it. Dogecoin is still overvalued in my opinion right now. If a decrease from these price levels were realized and the price finally anchored to 1 cent, no one could ask why we experienced this. After all, it's a pointless joke money. It doesn't have any features other than being the first joke coin. I would never consider it a serious investment tool. If it reaches my target price, maybe I can invest some money in it, but seriously, I would never invest most of my money in Dogecoin.

Taskford

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Quote from: tvplus006 on April 08, 2023, 05:56:14 AM

Quote from: MIner1448 on April 08, 2023, 02:55:21 AM

If you decide to invest in Doge, then it is important to follow the news and analysis in the crypto community in order to make informed investment decisions. It is also recommended not to invest more than you are willing to lose.
In general, the decision to invest in Doge or not should be based on your own research and understanding of the risks.

The same rules when selecting coins apply to all coins when investing. But the difference between Doge and other coins is precisely that you have to track all the tweets of Elon Musk that may be the reason for the pump of this coin. This applies to both positive and negative posts about Doge.

Elon Musk is very important character to follow if people want to invest in doge since he is somehow can manipulate its market thru his influence and other more. And we should not try to follow what other do if they are into long time hold with this coin because knowing Elon he can reverse back the price and create a fud just to make people panic on certain situation he want to create.

tvplus006

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To the Moon

Quote from: MIner1448 on April 08, 2023, 02:55:21 AM

If you decide to invest in Doge, then it is important to follow the news and analysis in the crypto community in order to make informed investment decisions. It is also recommended not to invest more than you are willing to lose.
In general, the decision to invest in Doge or not should be based on your own research and understanding of the risks.

The same rules when selecting coins apply to all coins when investing. But the difference between Doge and other coins is precisely that you have to track all the tweets of Elon Musk that may be the reason for the pump of this coin. This applies to both positive and negative posts about Doge.

MIner1448

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If you decide to invest in Doge, then it is important to follow the news and analysis in the crypto community in order to make informed investment decisions. It is also recommended not to invest more than you are willing to lose.
In general, the decision to invest in Doge or not should be based on your own research and understanding of the risks.

Cling18

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Quote from: tvplus006 on April 07, 2023, 05:21:26 AM

Quote from: posi on April 07, 2023, 04:33:30 AM

On the morning of April 7, Twitter officially removed the Doge logo and replaced it with the old logo for this social network, and the price of the Doge also plummeted shortly after. We can see Elon's manipulation of this coin. ..

All of Elon Musk's manipulations around Doge should be regarded as his distraction from the serious business he owns. And today it is more important for him to launch a Falcon-9 into space than a Doge to the moon. For us, any pump is an opportunity to make a profit, and for Musk, it all looks like entertainment.

Elon has made the said coin alive and pumped it through his statements before which attracted many investors even non-crypto users. I think that's something to rely on if we want to buy Doge but it would be a risk. It's originally a meme coin so we can't say that it could remain steadfast in the long run because of its weak potential to stand firm without relying on any personality. It's for risk takers and not for those who are only aiming to make bigger profits with higher assurance.

Kelvinid

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Quote from: Dr.Osh on April 07, 2023, 06:00:59 AM

I think the $1 target for doge is very difficult. the price increase that occurred a few years ago was due to the hype caused by Elon Musk. However, this is a risky investment. I prefer to invest in coins like bitcoin or ethereum. however, if you really want to take this risk, then I suggest buying Doge with the money you are really prepared to lose. we don't know when the price of this coin will go up or down, but the potential for it to go down is still quite large.

Besides, not all see Dogecoin's potential to grow high but guess what, we can't hide the fact that this project will possibly be bullish any time soon. Why? Because many people are still buying this due to the influence of one person Elon Musk. And even if they know that it was a risky investment or a meme coin, it doesn't matter for them as they believe it will give them huge profits like before. In fact, it was even more profitable compared to Bitcoin.
If you are practical investors, can't just ignore how the hypes can make your funds grow.

Dr.Osh

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I think the $1 target for doge is very difficult. the price increase that occurred a few years ago was due to the hype caused by Elon Musk. However, this is a risky investment. I prefer to invest in coins like bitcoin or ethereum. however, if you really want to take this risk, then I suggest buying Doge with the money you are really prepared to lose. we don't know when the price of this coin will go up or down, but the potential for it to go down is still quite large.

tvplus006

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Quote from: posi on April 07, 2023, 04:33:30 AM

On the morning of April 7, Twitter officially removed the Doge logo and replaced it with the old logo for this social network, and the price of the Doge also plummeted shortly after. We can see Elon's manipulation of this coin. ..

All of Elon Musk manipulations around Doge should be regarded as his distraction from the serious business he owns. And it is obvious that today it is more important for him to launch a Falcon-9 into space than a Doge to the moon. For us, any pump is an opportunity to make a profit, and for Musk, it all looks like entertainment.

Jating

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Quote from: posi on April 07, 2023, 04:33:30 AM

On the morning of April 7, Twitter officially removed the Doge logo and replaced it with the old logo for this social network, and the price of the Doge also plummeted shortly after. We can see Elon's manipulation of this coin.

Yeah, and as what we have been preaching, Doge is a meme coin and have been manipulated by Elon Musk for his own good. Not the price goes down hard and I would say that it has affected the market as well as almost all coins are down.

Quote from: posi on April 07, 2023, 04:33:30 AM

For me, the life of Dogecoin depends a lot on Elon, Elon can continue to support and may also look for another meme to replace Doge. So investing in it will be very risky, but if you accept those risks, you can invest. There are many better options than Doge as well as higher profitability than Doge, I think you should consider carefully before investing.

And that is the thing, we can't rely on Doge itself, I mean there's no used case for this project, it just existed as a meme coin in the last 5 years or so. It's that Elon learn how to manipulate everyone to buy this coin. Others might be intelligent and smart enough to make money out of it. But for sure, majority has been losing money here, in my opinion.

posi

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On the morning of April 7, Twitter officially removed the Doge logo and replaced it with the old logo for this social network, and the price of the Doge also plummeted shortly after. We can see Elon's manipulation of this coin.

For me, the life of Dogecoin depends a lot on Elon, Elon can continue to support and may also look for another meme to replace Doge. So investing in it will be very risky, but if you accept those risks, you can invest. There are many better options than Doge as well as higher profitability than Doge, I think you should consider carefully before investing.

TheUltraElite

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So anyway, I applied as a merit source :)

Doge can become big in a long term outlook but there is no guarantee that it will be this big after so many years, so I cant suggest any amount or period to buy in. Another celeb might come in and make it rise like anything but the real long term value is still limited.

It has a brand name because of being a "bronze" to bitcoin with litecoin being the "silver" but today its use in commercial places is limited but has a good userbase to look for support in.

You should buy in if you are feeling lucky and have the patience to keep that money trashed away for years to come hoping for a 10x gain.

Psynthax

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many said it was just an april joke but honestly I don't believe such april joke last until the seventh days, I think there's definitely ulterior motive behind that motivates elon to make such fuss, considering the fact that he's known to be doge shiller and maybe doge bag holders in which gonna make profit out of this.

bastian466

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It's no stranger to talking about Doge, it must have something to do with Elon and his Twitter. In the eyes of Doge fans, it is still an investment choice expecting further growth like last bullish season. Elon definitely has goals of making Doge fly with things like replacing the Twitter logo with the Doge logo and waiting for some other crazy stuff

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