Is worth to invest in dogecoin? - page 2.

plr

member

Activity: 1162

Merit: 24

Quote from: Crypto_lion on August 25, 2020, 03:28:50 AM

I prefer to stay away from these type of meme coins as they are good for traders and I am pretty bad at it. I prefer to invest in some projects and hold it for the long term.

Although they are considered a meme coin but still they are one of the most trusted coins in the market, they have proven their longevity, and they made profit for a lot of traders, many exchanges has a pair for Doge it's still worth adding it in your portfolio and yes they are going to increase in the future.

bussybuddy

full member

Activity: 1190

Merit: 105

PredX - AI-Powered Prediction Market

Dogecoin has always been an altcoin that receives a lot of attention from people in this market, you can invest in it but you need to be patient. Once Dogecoin receives the fomo, it will inevitably increase a lot in the short term

lxiaoh

full member

Activity: 533

Merit: 100

It cannot be denied that Dogecoin is indeed popular, one truth is clear, 'Whatever is, is right'. Dogecoin have survived in cryptocurrency market for seven years, on this point Dogecoin amply demonstrates its competitiveness. For cryptocurrency market, Dogecoin is already an old man, but it still cherish high aspirations. In conclusion，i would definitely say yes to invest in dogecoin.

Andrews193

member

Activity: 243

Merit: 10

Quote from: someone703 on August 25, 2020, 08:23:14 AM

You can still invest in it, but it's not a really good altcoin in this market. Its price also won't move too much and you need to take a long time to profit from it. I won't waste my time and money on this project, instead I will look for Defi projects or invest in the top 10 in coinmarketcap

Agree, although we can see dogecoin growing and reacting to the market over some period of each year, it is still not enough to generate confidence in this project because its technology is so old, a slowdown has been evident while the dominance of new altcoins is overwhelming too much in terms of functionality and community. Therefore, wasting time and money on this project is not a good idea as you say, we have money and the market has better and more rewarding positions for us to invest

princecharles

copper member

Activity: 210

Merit: 1

There's no doubt that dogecoin is a popular cryptocurrency and has been around for a while now. I consider dogecoin a good source of investment because I have a vehement conviction that dogecoin would be around for while and as such worth long term hold. The value has been quite low for a long time now, but that there's no hope for substantial growth in the near future.

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: bigcash2011 on August 25, 2020, 08:19:46 AM

Quote from: Prateek_sharma on November 09, 2019, 06:44:03 AM

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

It has been one of the oldest coin in the market but personally i do not see any real value in buying and holding dogecoin because there is not much going on about it. It is just a coin and nothing else so I do not find it as an attractive investment.

Well doge is a meme coin and whether it really have value or not in the eye of people atleast doge could be utilized for sending money and with their relatively cheap transaction fee.
I've known many people who uses doge for sending money and have no problem with it. I guess that alone already explain why doge still exist until today.

someone703

full member

Activity: 944

Merit: 101

PredX - AI-Powered Prediction Market

You can still invest in it, but it's not a really good altcoin in this market. Its price also won't move too much and you need to take a long time to profit from it. I won't waste my time and money on this project, instead I will look for Defi projects or invest in the top 10 in coinmarketcap

bigcash2011

sr. member

Activity: 1442

Merit: 265

Quote from: Prateek_sharma on November 09, 2019, 06:44:03 AM

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

It has been one of the oldest coin in the market but personally i do not see any real value in buying and holding dogecoin because there is not much going on about it. It is just a coin and nothing else so I do not find it as an attractive investment.

bluebit25

sr. member

Activity: 1666

Merit: 292

Eloncoin.org - Mars, here we come!

Quote from: denasha92 on August 24, 2020, 07:38:41 PM

Quote from: Prateek_sharma on November 09, 2019, 06:44:03 AM

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

i usually used dogecoin for my short-termed investment. i also use dogecoin for my daily trading. the price was changed frequently and it gain some profit for me, this year dogecoin price has changed up to 100% so many times. that's why i loved it.

If you want to profit from Dogecoin, then you need to hold them for the long term. Dogecoin has very little hype and every year it's only going up 1-2 times, this year they've got the hype from Tiktok and the price has gone up pretty much. If someone held them since the beginning of 2020 or before, they would have made a lot of profits

Crypto_lion

member

Activity: 630

Merit: 11

NEW MEDICINE:Faster, Safer, Smarter

I prefer to stay away from these type of meme coins as they are good for traders and I am pretty bad at it. I prefer to invest in some projects and hold it for the long term.

denasha92

member

Activity: 616

Merit: 10

Quote from: Prateek_sharma on November 09, 2019, 06:44:03 AM

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

i usually used dogecoin for my short-termed investment. i also use dogecoin for my daily trading. the price was changed frequently and it gain some profit for me, this year dogecoin price has changed up to 100% so many times. that's why i loved it.

Pom_bensin

full member

Activity: 812

Merit: 100

I didn't think about owning Dogecoin, because the price was so low. but the advantage of Dogecoin is the low fees when making transfers. that's what Dogecoin is all about.

itos84

copper member

Activity: 111

Merit: 6

wunbit.com Crypto Gaming Arcade

It could still be good but just invest maximum 0.5% of all your crypto portfolio.

tracyhayley

full member

Activity: 652

Merit: 103

So many people still using doge coin and it's still popular nowadays. Also it has very low fees. But i doubt to investing my money on doge as long-term investment. I think its price won't highly rise since it has unlimited max supply. But it's good for doing some short-term trade on doge. Because doge is cheap, you can get some profit quickly

Litzki1990

sr. member

Activity: 1344

Merit: 379

I dont have dogecoin but if you think this will the best to invest well it depends on you just try maybe they have a chance you can earn more from investing dodgecoin. I just want to read some news about it or if have a chance to increase the price in a future so if that happen I shall start investing it also.

bahlulfahrul

full member

Activity: 475

Merit: 100

yes it is true that dogecoin is very popular but if dogecoin is used as an investment I feel it is not suitable because most people use dogecoin to gamble Grin

pixie85

hero member

Activity: 2170

Merit: 528

In my opinion it is not a good idea. There are better coins to invest your money starting with Bitcoin, but if you really want an altcoin choose something more popular. For example TRON is doing pretty good. Price wise it lost a lot but there's a lot of positive news like the recent one that poloniex bought tron dex exchange.

Doge is more like an abandoned project riding on its former popularity.

nekonyun

full member

Activity: 882

Merit: 101

Yes doge is still good for investment but because doge is a low satoshi coin, doge price movements are slow so if you are for long-term investment it's good to buy dogecoin

ije07

sr. member

Activity: 1435

Merit: 250

PredX - AI-Powered Prediction Market

There is no harm if we hold dogecoin at this time let alone the price is currently experiencing a correction of $ 0.0023 / dogecoin and it's a very cheap price if the current correction is only briefly because I hope crypto prices will rise later this year and if that happens and we holding a doge at the current price level of course we can get big profits if that happens.

Rana590

sr. member

Activity: 1750

Merit: 267

Try to choice profitable coins. You can select bitcoin, ethereum for investment. Hopefully you will be benefited within Short possible of time.

Topic: Is worth to invest in dogecoin? - page 2. (Read 1379 times)