Shall I HODL DOGE? - page 9. | Bitcointalksearch.org

TWW

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Quote from: acquafredda on March 13, 2021, 10:21:29 AM

It is an abandoned project, the blockchain gets bigger and bigger and mining is super concentrated in the hands of a few groups. No sane man would rely on Doge for the future! Elon Musk trolled the world and resuscitated a dead cat which is now bouncing up and down. Even if some developers would agree to change its structure what can you expect form a joke?

I don't believe anyone would keep their Dogecoin on hold if they were an investor or trader just because of the pump.
I am sure it will dump soon. doge does not have a strong enough foundation to withstand the market correction. when they have reached the bottom, then believe me it will be very difficult to wake up.

acquafredda

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Quote from: JJJJames on March 12, 2021, 01:29:16 PM

Quote from: acquafredda on March 12, 2021, 12:59:30 PM

Guys do you know what the verb to hold means? Usually, human beings have, historically speaking held onto so called sound forms of money (silver, gold...) that would last into the future.
The only sound money I see around is bitcoin because of its ingenious protocol and fixed supply.
But what about dogecoin? Why holding something which has no fixed supply and that can be mined from to here to infinity?
Re-think your holding strategy, please.

I have to agree with this, unless they change the structure of it. I've always seen it as a bit of a gimmick tbf. I dont think it will make many millionaires.

It is an abandoned project, the blockchain gets bigger and bigger and mining is super concentrated in the hands of a few groups. No sane man would rely on Doge for the future! Elon Musk trolled the world and resuscitated a dead cat which is now bouncing up and down. Even if some developers would agree to change its structure what can you expect form a joke?

prehisto

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If you got it for free- sure, why not , you can hodl and gamble.
Otherwise i dont suggest to anyone to buy it , it is as pure speculative play as there can be, it is just a casino play. It is better to buy something else if you want to speculate.

JJJJames

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Quote from: acquafredda on March 12, 2021, 12:59:30 PM

Guys do you know what the verb to hold means? Usually, human beings have, historically speaking held onto so called sound forms of money (silver, gold...) that would last into the future.
The only sound money I see around is bitcoin because of its ingenious protocol and fixed supply.
But what about dogecoin? Why holding something which has no fixed supply and that can be mined from to here to infinity?
Re-think your holding strategy, please.

I have to agree with this, unless they change the structure of it. I've always seen it as a bit of a gimmick tbf. I dont think it will make many millionaires.

acquafredda

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Guys do you know what the verb to hold means? Usually, human beings have, historically speaking held onto so called sound forms of money (silver, gold...) that would last into the future.
The only sound money I see around is bitcoin because of its ingenious protocol and fixed supply.
But what about dogecoin? Why holding something which has no fixed supply and that can be mined from to here to infinity?
Re-think your holding strategy, please.

Tipstar

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You can still profit if you sell high and buy low. Dogecoin has been one of the most oscillating coins and people doing sell high buy low have profited from it. But for a long time hold, you can't expect it to provide the profits a fixed supply coin like bitcoin could provide. So, IMPO dogecoin is not a buy and hold coin.

J1mb0

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Doge is being overblown, it is Elon Musk who is driving people crazy about Doge.
Investing in and holding Doge at this point can easily get you into Fomo.

Pamadar

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Quote from: bluebit25 on March 11, 2021, 11:54:22 PM

Quote from: ?? on ??

I think Dogecoin is now having a better development especially that Elon Musk is shilling it and in addition to that Mark Cuban the owner of sports team is one of the biggest whale of this token and showing a very huge interest on this coin. I think that dogecoin is good for a long term hodl if this development and innovation continues.

I also think so, actually, after seeing Elon Musk's special interest, dogecoin has been and is very different from my expectations, in general its future is still quite bright. But the OP is determined to hold it, I think it's not really serious decision, I have made profit from dogecoin and have less interest in it, this market still has a lot of better products to hold.

With those big names behind, if they are really into it and have a full support.

This project will come up more, it's already pumped up and placing your entry if you are just new to this project is really
a risky action. You need to have more knowledge about this coin, doing your in-depth research and follow the developement of this project gives you the right point of views either to hold or to sell it out.

Lantind

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Quote from: cyriljundos on March 12, 2021, 12:52:22 AM

holding doge is also good, it is a stable coin since back years since 2018. but if you want to gain faster income you may choose different alternative coins for trading. holding dogecoin is only when you secure your investment and buy doge that is more stable coin.you may explore more of other alt coins.

Do you know what the base price is on Dogecoin? because I have seen Dogecoin at a price of 20 satoshis and it is very cheap in my opinion when compared to the current price, because the difference is already 100x from the previous one, so if you say Dogecoin is a stable coin that's wrong, and it looks like you have to be more get to know what Dogecoin is and some of the stable coins that are in crypto. LOL

ivankoh

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Quote from: Suzane007 on December 20, 2020, 03:31:02 PM

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.

DOGE was created as a joke, but it quickly turned out to be an interesting, large community-pervasive field. Doge is acceptable for all internet enjoyment and streamers also benefit from it. Because it has such a large community, it can make big bangs when it comes to Elon Musk. Doge is also getting more and more attention. Some form of coin serving the community like Steem back in the day, it was also a powerful catalyst that diversified the market and mixed a lot of excitement. I rate the Doge as a good coin for the long term. For your situation, if the exchange value for BTC / LTC is not much, convert them and keep Doge. I think it will promote more profits.

cyriljundos

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holding doge is also good, it is a stable coin since back years since 2018. but if you want to gain faster income you may choose different alternative coins for trading. holding dogecoin is only when you secure your investment and buy doge that is more stable coin.you may explore more of other alt coins.

bluebit25

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Quote from: ?? on ??

I think Dogecoin is now having a better development especially that Elon Musk is shilling it and in addition to that Mark Cuban the owner of sports team is one of the biggest whale of this token and showing a very huge interest on this coin. I think that dogecoin is good for a long term hodl if this development and innovation continues.

I also think so, actually, after seeing Elon Musk's special interest, dogecoin has been and is very different from my expectations, in general its future is still quite bright. But the OP is determined to hold it, I think it's not really serious decision, I have made profit from dogecoin and have less interest in it, this market still has a lot of better products to hold.

JJJJames

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Quote from: farhanabd88 on March 11, 2021, 12:43:58 AM

I Think You Should Hold Doge. Because Doge Is Best Coin. World Rich Man Elon Musk Regular Tweeting About Doge. Few month Ago Doge Price Was Poor. I Think It's Price Was Near About 0.003$ Now It's Price Is 0.06$ . I Also Think Doge Price Will More Increase. And Dode Will Best Coin In Cryptocurrency Market.

Any actual reasons or just because you love it? I think that enough people loving it could be a reason to hold!

farhanabd88

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I Think You Should Hold Doge. Because Doge Is Best Coin. World Rich Man Elon Musk Regular Tweeting About Doge. Few month Ago Doge Price Was Poor. I Think It's Price Was Near About 0.003$ Now It's Price Is 0.06$ . I Also Think Doge Price Will More Increase. And Dode Will Best Coin In Cryptocurrency Market.

Xxmodded

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Quote from: Xxmodded on March 09, 2021, 11:16:34 AM

Yesterday raise to higher price but I think still not good investment for long term, if you wanna try to get part with doge coin better trade with short term without have planning to hold for long time, lets see after less promoting by Elon Musk doge coin never break to higher price and looks stable down with lower price, now if you try keep investing on doge check situation with bitcoin price firstly.

True, Dogecoin is more suitable for trading in the short term, because the risk can be very large if carried for the long term, especially if the price increases only because of someone's influence, which will not last for a long time, because of someone's concern Obviously there are limits too, in this case I'm talking about Elon Musk, so I agree with what you have to say.

Bad investment if wanna try to make Doge coin as long term investment because right now tweet by Elon Musk not any effect to make investor wanna buy Doge coin, better left Doge coin and looking for other coin most profitable, what for we waste time and much money with doge coin because hype coin just get higher price when any tweet, but few second later price dump suddenly.

djmixen

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Quote from: Suzane007 on December 20, 2020, 03:31:02 PM

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.

If I am the one who holds Bitcoin, I would rather hold it in the long term compared to convert my bitcoin into DOGE, I think
this is too risky based on my assessment. You better think of this plan before you make it final, yes, Dogecoin established a strong
community in this business industry of cryptocurrency but not an assurance for me to say it will continue to rise just like what happened
into Bitcoin.

acdc

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Doge is a coin with an infinite supply and it is not wise to invest in infinite coins over 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 in and keep for the long term.

kapalmabur

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Quote from: Oilacris on March 10, 2021, 05:52:02 PM

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Do not buy and hold Doge at the present time, Doge has increased in excess of its true value.
Elon musk is the price maker of Doge Coin, not because Doge is a good coin, it is easy to get FOMO if investing in Doge at this time.

This is true!

On the current state of Doge then i wouldnt really be that confident on putting up investment in Doge for this time knowing that its price is really still on its peak.

I wont letting myself getting caught with the dump in case the market tends to shift once again.We know on what are the capabilities once hype is done.
You would really be having some headache if you do accumulate DOGE when its still on its peak. Cheesy

Doge is being overly exaggerated, Doge Coin lovers should wait a while before accumulating Doge.
According to what happened in the history of this coin, in the next 4 months Doge will gradually return to its real value.

doge has always been a sign that the altcoin season is starting, but it seems like Doge has become a very influential altcoin in the crypto world lately, many people give hope to Doge, even though Doge is just a coin for no reason, different from other altcoins, whether in 4 months Doge becomes expensive again, so I believe Doge became amazing because the community started to believe.

Oilacris

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Quote from: ?? on ??

Do not buy and hold Doge at the present time, Doge has increased in excess of its true value.
Elon musk is the price maker of Doge Coin, not because Doge is a good coin, it is easy to get FOMO if investing in Doge at this time.

This is true!

On the current state of Doge then i wouldnt really be that confident on putting up investment in Doge for this time knowing that its price is really still on its peak.

I wont letting myself getting caught with the dump in case the market tends to shift once again.We know on what are the capabilities once hype is done.
You would really be having some headache if you do accumulate DOGE when its still on its peak. Cheesy

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Quote from: angrynerd88 on March 10, 2021, 11:53:30 AM

I would suggest to HODL,Because if you sell now you will not get enough to use further so it is better to HODL for long run.Also it seems that the furtue of Doge is bright.Investors like Elon musk invest in Doge and this is reason the adoption of Doge raised.In future it will be more worthy and can maximize the profit.Doge is now too cheap to buy and HODL,It is good to HODL for long run till hit the moon.Further own reserch is needed.

You should read this to find out the original reason why Dogecoin was created,
https://www.reddit.com/r/dogecoin/comments/lfl5iz/true_value_an_open_letter_from_billy_markus/
I really understand your optimism, but are you sure Dogecoin is good for the long term? there are still many coins that are better than Dogecoin and the price is still cheap, one of which is Xcash, Bitsong, zilliqa and others,
investing is not about low prices, but also the technology and products they own.

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