Topic: Is dogecoin worth to invest? (Read 10742 times)

DogeCoin has 1114,156,516,212 coins in circulation, which prevents DogeCoin from reaching $ 10 per crypto-currency for example. At the same time it facilitates and much the acquisition of DogeCoin by being cheap.
Following the market trend DogeCoin should earn even more value, even if slowly due to the large amount of coins in circulation, though it is fun to buy and sell DogeCoin and also very lucrative.

It seems to me that Dogecoin is really one of the worst choices for investing. Because I read that this coin was conceived as a joke and there is no technology behind it. If you look at the graph, it sometimes pampers and then falls again. Earlier this coin had very cheap transactions and I sometimes used it for transfers. Now 1 transaction costs 100 coins and I think it's not very cheap.

I also believe that dogecoin will not grow in the future. There are many other coins that can bring you much more profits than this coin. I think if you really like this coin then you can invest a small amount.

It's not rising so hard, but it's stable, so if you want to have stable income, I think it's worth to invest, but market is unstable right now, I'd better choose BTC, it might pop up faster than doge for sure.

no, so much coins, why you want do this?

Is it worth it to invest in Dogecoin?

This depends on your type of investing, if you're into the latest flavor of the month, P&D, something with "technology" that can attract attention, then it's better to look for something else that has the hot money interested in it right now. This was Ethereum and DAO in the recent months, but not any longer. Not sure what it is now, Lisk perhaps.

For more serious investing, and the longer term, it's important to look at the fundamentals, have some interest in the activity of the underlying asset, and perhaps even be prepared to look for ways to help it along in some way. I think it's important to look for coins that have already made it through a number of years, because there's a big difference between the image that is painted by the sellers of an ICO looking to dump and scutter away from the project, and the more objective state that is actualized after all the hype and quick money energies ("rocket fuel") are exhausted following the initial launch and subsequent early stages. This is where only a few out of the hundreds of cryptocurrencies that were created still stand out, with Doge being one of them because of solid community adoption and actual usage.

The main factor regarding investing is the viability of crypto in general, i.e. does Bitcoin have a good future, and do any alts have a place along with it? Considering how insolvent the world's banking system appears to be, with the astounding levels of unpayable debt, and only hyperinflation or "bail-in" deposit confiscation options, it stands to reason that market would be shifting towards more acceptable instruments of liquidity in the near future, tangible assets like gold and silver, and also digital currencies that cannot be controlled by central banks. Bitcoin would be best to have as a primary store of wealth in regards to digital assets, because it is so widespread and so widely accepted already, but why not have some diversification as well? Doge and Monero seem to be excellent for the fraction of digital currency holdings that are not in Bitcoin.


PS: there is of course significant risk, since large and powerful interests are heavily invested in the current system, and only want central bank issued currency to continue being used - so there are issues, which could include effects on trader community sentiment and downward market pressures - but fundamentally the upside looks really good

I think the same about it.
My theory is there is no really good reason to invest into dogecoin,because the maker of it,never thought about doing it
for serious purposes,it's main purpose,was just to get some fun out of starting his own coin.
But suddenly,it got more popular,and some people have started to use it.
However i would be scared to invest my funds into dogecoin,it is just too risky for me.

for me sir if you have a lots of time to keep checking the price doge can still be a good game to play but in terms of long investment plan, it is not a right timing for you maybe after the halving right after the price stop to fluctuate in terms of bitcoin that we can determined the price of alts and doge would be on my list as well to start investing.

DogeCoin is one of the Top cryptocurrencies today. I think Top 3, or I guess Top 4. If you want to invest, dont invest now. Because BTC is so hot right now. Thats because of the halving event, investors want to earn more so I think Dogecoin will ran out of stocks because they will exchange it into BTC. So I guess its better to invest your money in BTC rather than DogeCoin today.  If I were you, I will now save my BTC in my wallet these days because BTC is now increasing. Meaning higher price, higher profit. So I guess its better to invest BTC for now rather than DogeCoin.

dogecoin is slow wroth, i think dogecoin the best coin stable price, if you hope dogecoin wroth and high up price
i think very dificult, is produce total coin with dogecoin very much, reward mining high so very dificult is up high until over 200satoshi every dogecoin

apart from Doge being a joke it is also one of the coins with the largest amount of available supply. there is currently 105,000,000,000+ (105 billion) Dogecoin available in the market that is being traded that alone can keep the price always down because of massive supply.

hahahah great idea anyway dogecoin is so cheap that buying few millions probably wouldn't
bother any serious investor.
However it was made as fun currency,i dont predict it to get a big value,just look how it is called , lol

If you look at the chart in polo, you see that the train is pretty regular, and comes around quite often. Takes a slow lull to high 30s low 50s SATs per, and spikes up to the stratosphere for a bit. Looks like an EKG but for the record, we are in one of said lulls as we speak. Wait for the peak.

buy a few million and you can't go wrong

The first dogecoin train is gone,but you can wait next train....dogecoin is popular altcoin and we can wait when price will rise again.

Revenue sharing program and Ptc are a thing of the past, better invest it in other cryptocurrency with so much potential than doge.

If i have big number of dogecoins i would go to exchange  dogecoins for  bitcoins and then I would invest my bitcoins in revenue site or elite ptc site.

If you want a coin that is stable and then willing to wait for the pump like once a year then go for it!

Without no new fact the price surely will continue to decline a little more.

Doge is actually very stable with a large base and is big enough that it isn't P&D anymore (not that I know of). So it's safe to buy but if you want fast profits then it's more like a blue stock.