Topic: Shall I HODL DOGE? (Read 12557 times)
For me dogecoin is already a played card. I would not hold it for a long time, as I dont think that its price can increase significantly. Its only hope was Elon Musm, but his tweets no longer make an effect to the price. Besides, he barely tweets about dogecoin today. We even dont see lots of new Doge-Shibu-cat-animal-coin/token anymore. Instead of dogecoin, search for a new promissing altcoin.
Want to convert BTC and LTC to DOGE is not a good idea because BTC and LTC are coins that have a lot more potential than DOGE, in my opinion DOGE is a coin that is useless if you have to hold it for the long term.
I completely agree with you, because investing in Dogecoin for the long term is very risky than investing in BTC and LTC, therefore I agree with you that it is not worth it to swap BTC and LTC to Dogecoin, because investing in BTC and LTC has a great opportunity to give you a big profit than you invest in Dogecoin.
It is a good advice to hold as little Dogecoin as possible, because some months from now, the bear market would set in and the price of dogecoin would definitely return to the way it was (if not lower) before the bull market. The total market supply is just too much for it to maintain this price for such a long time.
Holding doge is not such a good idea, one wallet has 60-70% of the supply, so he is basically holding the price by himself.
Dogecoin is not to be held in the long term, but to find profit in the short term so Dogecoin is said to be a coin for fun for a while, so there is no need to look at Dogecoin in the very long term. I have some DOGE, received from faucets. Not much just around 500.
After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.
I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.
Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.
After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.
I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.
Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.
The decision about holding Doge should first come from you, then with more opinions, you can be able to decide further, because if you are yet to decide what to do with your Doge, at the slightest idea you will dump it and many later regret or hold and still regret later. Nevertheless, I have never subscribed to the idea of dumping Bitcoin for Doge or any good coin like LTC for Doge, it is not a good idea, those two coins have better prospects than Doge, which only relies or mostly relies on tweets to pump. If you are still holding, you might consider holding a bit more since we are gradually crypting into a bull run, perhaps your friend was right about Mid-2021, therefore if bull run sets in again, Doge being among the top cryptocurrencies on coinmarketcap will also experience a pump, then you can further decide whether to sell or hold.
This coin is not good for a long time holding, another name of DOGE coin is social media influence coin. you can make a profit by holding this coin during the hype. but after that, you will be caught. you can use it to make an instant profit but it is not a good idea for hodling any shit coin. Dogecoin has no brand value or it is not used for any purposes.
If someone still holds Dogecoin, please, sell it off. Such meme coins were in hype three months ago, but now, without the support of Elon Musk, we are not likely to see a new pump. I haven’t seen sites where you can pay in Dogecoin, and according to research, they are not more than just useless meme coins that are likely to drop because of their unlimited and futility.
I think Elon Musk will somehow make Dogecoin $ 1. But I don't know when. I don't want to have much confidence in Elon either. He moves like a madman.
He is an ordinary human who has more financial capacity than other humans, so why believe in him? Moreover, the benefits he got were never given to anyone, including you too.
I don't see any reason at all for keeping Dogecoin long term. For the long term, it is necessary to store only that cryptocurrency that has a real innovative product or creates additional convenience for their use. Dogecoin does not provide us with anything new and useful. Most likely, after a while the hype around it will fall and the holders of this coin will suffer big losses. Of course, everyone has the right to their own choice. But you should not count on the prospects for the price growth of this coin.
I think Elon Musk will somehow make Dogecoin $ 1. But I don't know when. I don't want to have much confidence in Elon either. He moves like a madman.
He is an ordinary human who has more financial capacity than other humans, so why believe in him? Moreover, the benefits he got were never given to anyone, including you too.
Without the utility it's still a joke coin. I believe that elonMusk made some controversial moves by promoting this one and it may have direct proportionality to the trust the community has placed in this coin. if you hold this meme coin long before Hype elon then sell it immediately. doge coin is risky in the long run.
I agree and I've been talking a lot about it, because an altcoin that is pump and dump and its price increases only because of the opinion or endorsement of a single billionaire person, so this altcoin is very dangerous, people don't keep thinking and if it's the same billionaire one day speak ill of dogecoin? What if the same billionaire one day tells everyone not to buy dogecoin? the price of dogecoin would go down a lot, that's a very dangerous thing, and you can't put money into something easily manipulated
I usually don't advise anyone to hold Dogecoin long term, but people are actually holding it for the last time & they have benefited more than those holding any other coin and that was when Elon Musk posted it on twitter account. But for me personally DOGE doesn't have clear guidance on what they really need in the future. this is just a coin meme
for me, the future of doge is hazy. Though it is somewhat back up by Elon Musk, but we don't know up until when. Is he really going to improve the network of doge? Because from the last time he said, he will have collaboration with doge team, no more news after.
Indeed. Holding Doge is too risky, the price increase just depends on the tweets of a single person, Elon Musk. We are better to avoid investing in a coin that relies on the hype only. Yep, no one knows when Elon Musk to stop tweets about Dogecoin. He can stop it at any time and Doge hype is over immediately. Then, the price of Dogecoin may drop very severely. Regarding collaboration with the doge team, I assume Elon Musk isn't really serious. If he is serious, he must already contact the team from the very early, before he tweeted about Dogecoin.
Without the utility it's still a joke coin. I believe that elonMusk made some controversial moves by promoting this one and it may have direct proportionality to the trust the community has placed in this coin. if you hold this meme coin long before Hype elon then sell it immediately. doge coin is risky in the long run.
I agree and I've been talking a lot about it, because an altcoin that is pump and dump and its price increases only because of the opinion or endorsement of a single billionaire person, so this altcoin is very dangerous, people don't keep thinking and if it's the same billionaire one day speak ill of dogecoin? What if the same billionaire one day tells everyone not to buy dogecoin? the price of dogecoin would go down a lot, that's a very dangerous thing, and you can't put money into something easily manipulated
If the person wants to take a risk, that's up to him. But for me, the future of doge is hazy. Though it is somewhat back up by Elon Musk, but we don't know up until when. Is he really going to improve the network of doge? Because from the last time he said, he will have collaboration with doge team, no more news after. In my opinion, long term holding of doge is still not advisable.
Without the utility it's still a joke coin. I believe that elonMusk made some controversial moves by promoting this one and it may have direct proportionality to the trust the community has placed in this coin. if you hold this meme coin long before Hype elon then sell it immediately. doge coin is risky in the long run.
I agree and I've been talking a lot about it, because an altcoin that is pump and dump and its price increases only because of the opinion or endorsement of a single billionaire person, so this altcoin is very dangerous, people don't keep thinking and if it's the same billionaire one day speak ill of dogecoin? What if the same billionaire one day tells everyone not to buy dogecoin? the price of dogecoin would go down a lot, that's a very dangerous thing, and you can't put money into something easily manipulated
In my opinion, looking at the current price, it is very important to hold the assets you have now, especially if the asset is dogecoin. still have a chance for dogecoin to rise to a better price. save and hold the assets you have if you don't need money urgently
but apart from that the fact is that we are here to determine our own destiny because everyone has thoughts and has their own research for this and for you if you still want to hold this coin just hold on because we don't know what the future will be like.
neither possible on making profits or would totally lost something into their investment.If OP was able to held up his coin or DOGE literally then he might have already have the chance to make some huge
profit when Doge did really make out some significant movement when Elon do able to hype it but thats if he havent able to sell it off earlier.
Holding doge is not such a good idea, one wallet has 60-70% of the supply, so he is basically holding the price by himself.
Doge is a coin with unlimited supply and it is not recommended to invest in unlimited coins for a long period of time. I think Doge is only suitable for investing in the short term, it is not a good currency for people to pour their assets and keep them for the long term. Look at ElonMusk, he really enjoys his manipulations, and you should be able to keep up with the guy too. I mean take advantage of the hype, sell while you can and don't keep the meme coins for too long
In my opinion, looking at the current price, it is very important to hold the assets you have now, especially if the asset is dogecoin. still have a chance for dogecoin to rise to a better price. save and hold the assets you have if you don't need money urgently
but apart from that the fact is that we are here to determine our own destiny because everyone has thoughts and has their own research for this and for you if you still want to hold this coin just hold on because we don't know what the future will be like.
I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
Your friend was right, you can see now the ATH price of Dogecoin and also the current price, we are all amazed that how a meme coin increased approximately 100x. Only this token has not amazed us but many shitcoins have amazed us. Safemoon, Safebtc, Shiba Inu, and there are a lot. So this shows that in this crypto market anything can happen. Jump to: