Topic: Is Doge worth investing? - page 16. (Read 2441 times)
Dogecoin showed a lot of hype during the last bullrun. Those who invested in the beginning got a lot of profit. But many of those who later invested in these coins lost huge amounts. Because this type of memecoin first pumps a lot but then dumps more than that. So investing in such coins is somewhat risky.
I think Investing in Doge is a matter of personal choice and depends on individual risk tolerance. While Doge has seen significant growth in the past, it is important to consider the potential risk and volatility associated with the cryptocurrency market and it is very important to have a risk management plan in place and avoid investing more than what you can afford to lose.
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.
Dogecoin has received a lot of hype since Elon Musk backed it. Recently, Elon Musk changed Twitter's logo to use Dogecoin's logo, which has pumped Doge over 30%. I think it will touch $1 in the next bullrun. So if you want to invest for long term then you can invest in Dogecoin. 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.
By investing in Doge coin I think it will build a good reputation in the future. I have already seen a newspaper that Elon musk n Marx will put the logo of Doge coin on his Twitter media. And this coin seems to be suitable for investment as it has huge volume in the market. For which it can be safely held for a long time. and I have invested some amount of these coins. But I believe most investors think that this coin has a chance to go much further in the future and its price will exceed $1.
Maybe youre to late for doge. The best time for doge was last bull run. For now doge is not really have any potential beside elon musk influence. Maybe in the future elon can make doge touch $1. It actually almost happen few years ago and it is possible.
I’m not a supporter of dogecoin at all, since I don’t consider this alcoin promising for today, the fact that Elon Musk is trying to raise the price and artificially this does not make dogecoin more promising in my eyes, as for me, I wouldn’t get into long-term 
Maybe youre to late for doge. The best time for doge was last bull run. For now doge is not really have any potential beside elon musk influence. Maybe in the future elon can make doge touch $1. It actually almost happen few years ago and it is possible.
In this school I think it's possible, although I'm not too fomo by meme, but to be honest it has a big community and always knows how to hype. The ATH level is also not a problem as the next bull cycle OP can expect the profit as you thought. However, this market fluctuates very strongly, always consider the profit and risk again, and when you have accepted to invest in it, trust yourself not to depend too much on anyone, DYOR.
In my opinion, Dogecoin is already overpriced. It was one of the biggest coins during the last bull run, so I don't think it will have the same success in the upcoming bull run. When you analyze Dogecoin, you'll see that it doesn't have a significant demand to pump up like x10 in the future. Elon was the only reason why the coin had a price increase, and he will not do it again. If he hypes a coin again, I'm sure it won't be Dogecoin.
I have bad experienced with this coins because ever cut loss on price around under $0.1 and last few weeks later success reached all time high price almost near $1. I don't think worth or not with Doge coin investing because many FUD every day coming, when Elon Musk make new tweet and late update he was change bird small logo from twitter becoming Doge coin logo success make pump more than 30%.
How possibility up coming next time Elon Musk surprised us with new tweet about Doge coin? but he is not unpredictable person because have bad side when fud doge coin and drop to lower price. I don't think recommended investing in Doge coin but if you want to try spent under 30% of your fund and don't all in for investing in Doge coins.
How possibility up coming next time Elon Musk surprised us with new tweet about Doge coin? but he is not unpredictable person because have bad side when fud doge coin and drop to lower price. I don't think recommended investing in Doge coin but if you want to try spent under 30% of your fund and don't all in for investing in Doge coins.
I don't think it's wise idea to invest in a coin only by looking the previous ATH, because there's no guarantee the coin will comeback or beat the previous ATH, it's not like Bitcoin.
Doge price was increase because Elon Musk trolled in Twitter and people take it as serious, so many people want to buy Doge. If Elon Musk stop to troll about Doge, Doge price will not increase a lot, just like in 2017/2018.
Doge price was increase because Elon Musk trolled in Twitter and people take it as serious, so many people want to buy Doge. If Elon Musk stop to troll about Doge, Doge price will not increase a lot, just like in 2017/2018.
I think it's just best to leave this kind of troll and not join the current hype about Doge because when you invest with this kind of event going on, you're just gambling with your money and you also need to watch out for the crypto market from time to time because at any moment, the price will crash and the only people will gonna get decent income are the early birds that are fast to sold their Doge at that moment. So it's better to consider the consequences before investing in Doge Coins at the moment and not to be carried away with the ongoing hype.
I am not a supporter or opponent of doge but I just want to express my opinion about doge. to be honest right now I'm not investing in doge because in my opinion long-term investment in meme coins is not recommended. but recently there was news that elon will change the twitter logo to doge and it seems that this has been realized and the price of doge rose by about 20% yesterday. this is why I don't recommend you long term investment in meme coin because without hype the price of meme coin will not go up. besides there's no guarantee Elon will support Doge forever.
If you are an early market participant, you will find that doge has outlived many altcoins we call potential, I still remember topcoins like Nanmecoin, EOS, and IOTA...I don't even see anyone mention them, I don't know if they still exist. But the doge is still there with us and even further into the future. To me, doge is even better than many altcoins at the top of the CMC. I don't give investment advice but as long as OP accepts risk OP can invest in Doge, if you want a high return, you have to take high risk.
I think it is better to invest in some promising coins. One of them is Doge Coin. We are usually more interested in investing in coins that are well-known and reliable in the market. But beyond that there are some coins that are very promising investment sites. I think these opportunities should not be missed. If buying Doge Coin with some amount of money is expected to earn good profit in future then I think it is a good investment.
From 0.06$ suddenly but the value of this coin reached 0.10$. That means there is always a chance to make good profit by investing some money in this platform. So all investors should invest in this coin even with a small amount of money.
From 0.06$ suddenly but the value of this coin reached 0.10$. That means there is always a chance to make good profit by investing some money in this platform. So all investors should invest in this coin even with a small amount of money.
(...)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...
Do you really expect so?Regarding investing in Doge, it is considered a cryptocurrency that is not developed for special purposes and does not have any real application. So its value depends on the interest of users and investors. The fact that it has experienced strong price spikes, however, that it can increase in price 5-10 times in the future is not guaranteed. You need to understand that investing in cryptocurrencies can bring high returns, but at the same time there is a risk of losing your entire invested capital. So, if you are going to invest in Doge or any other cryptocurrency, make sure that you have thoroughly researched it and prepared for any possible scenario. My piece of advice is that you shouldn't invest in any one cryptocurrency just because some say it will increase in price in the future. The cryptocurrency market is very volatile and your investment can be at high risk.
I have no hate on Dogecoin because I am a holder too of this meme coin and I actually support every progress of Dogecoin especially Elon Musk is doing great things for it. We all know that Elon Musk have plans to integrate Doge on twitter that makes a positive idea for everyone and surely it will happen in the future. Hence we are still accumulation area then it is still a good buy for Doge in my opinion.
I am not a supporter or opponent of doge but I just want to express my opinion about doge. to be honest right now I'm not investing in doge because in my opinion long-term investment in meme coins is not recommended. but recently there was news that elon will change the twitter logo to doge and it seems that this has been realized and the price of doge rose by about 20% yesterday. this is why I don't recommend you long term investment in meme coin because without hype the price of meme coin will not go up. besides there's no guarantee Elon will support Doge forever.
if you're that person that actively follows elon at every of his move then I guess you could invest in it, after all doge largely tied with elon musk that it kinda seems ridiculous that elon could be said the main factor that could increase the doge coin value like how that could happen is beyond any investing theory.
but always be prepared if the coin losing its value, what holding it from getting massive sell of is its rather loosely and weak ties to elon in which need constant shilling, if you think you better off with coin that have real utilisation then I guess you should settle with better coins like maybe matic, and solana which is no brainer that they definitely have better use case and definitely could be rising even higher than doge coin in the upcoming rally.
but always be prepared if the coin losing its value, what holding it from getting massive sell of is its rather loosely and weak ties to elon in which need constant shilling, if you think you better off with coin that have real utilisation then I guess you should settle with better coins like maybe matic, and solana which is no brainer that they definitely have better use case and definitely could be rising even higher than doge coin in the upcoming rally.
The only thing which pushes people towards DOGECOIN is the past simply because it reached a huge rate of increase before. Problem is, this token has no exact utility,meaning, its market value will solely depend on demand and hype to support the increase. That also means no clear certainty. So to answer the question, it could be and it couldn't be a good investment. It could still be a good investment because we have this belief in this industry; history repeats itself. Its price could again reach its ATH but since it has no utility, waiting for such thing to happen could take you forever. It couldn't be because many investors are staying away from assets which already have dipped. So, it is on you to decide.
Regardless of anything if you really want to take a risk then do it, but in this case you have to be aware of Doge's condition which is only about manipulation in it and nothing more than that.
The reason for Doge to increase at this time is only because of encouragement from Elon and nothing else, and even then it will only happen briefly because of course we have to realize that coin manipulation like this only has a hit and run pattern, so after it feels profitable this coin will return to its original price even much lower than before and of course we know that many victims have been trapped in situations like this.
The reason for Doge to increase at this time is only because of encouragement from Elon and nothing else, and even then it will only happen briefly because of course we have to realize that coin manipulation like this only has a hit and run pattern, so after it feels profitable this coin will return to its original price even much lower than before and of course we know that many victims have been trapped in situations like this.
You can invest in DOGE without hesitation. If you buy it during the bear market and sell it during the bull market, you can make good profits. But my advice to you is MASK. Because MASK, DOGE, and BNB are part of the Binance Bluebird Index, and the potential of these coins is very high. Since MASK has lower volume than DOGE and BNB, its volatility is higher, which provides good profits to investors.
I have always been doubtful in regard of the prospect of doge coin in general and I think even with all the shill coming from elon it's still not worth investing, the main reason being, you just don't know when elon gonna shill again, or even there might be no shill in the future, if the rise of the value truly dependent on that, i'd say it's just wasting time honestly.
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