Who lost money due to dogecoin? | Bitcointalksearch.org

Abiky

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Quote from: jeha2015 on December 23, 2023, 03:53:12 PM

However, I see many people experiencing losses on Dogecoin because of their own greed. Greed is a wonderful drug, Because Greed is a very crazy thing. If your new life of financial freedom from highly risky betting isn't enough to convince you to make money, then you're destined to lose it all. This is very sad and shows the importance of having a sensible exit strategy. There's no harm in selling early, as long as you make more than you started with.

Elon has convinced many people so that many people are competing to collect Dogecoin but in the end it is Elon who destroys Dogecoin.

Everybody wants to make money. It doesn't matter what kind of investment people get into, as long as they get a lot of money in return. Foolish investors bought DOGE hoping it would further increase in price after Elon Musk's endorsement. But things have been going the "wrong way" for quite some time now. The "meme" coin is unable to get close to its ATH of nearly $1. It will never get there, unless BTC turns bullish for a long period of time.

Consider yourself lucky if you got into Dogecoin before the "pump" of 2021. You would be in "the loss" if you bought the coin during its ATH. It's not recommended to go all in right now due to market uncertainty. Without use cases for Dogecoin, I'm afraid it will be heading back to sub $0.01 prices. It was good while it lasted, right? Cheesy

AakZaki

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not just doge, I experienced losses from Bitcoin, ETH, solana, BNB and other coins. Losses can happen to anyone, but after experiencing several losses I started to develop a trading strategy to start recovering these losses. I once traded when Doge was hype and was being discussed by Elon. before Elon started discussing doge on his twitter, I bought first and yes I got a lot of profit, it even covered all the losses I experienced in other coins. profits and losses will both occur, only how can you control how much loss and profit, the more profits, the better.

Bushdark

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Incurring loses is a usual thing in the crypto market. We don't need to do everything just to make profits from the market since there are ways we can incur profit without any stress. The important thing we need to endeavor is to make sure that we have enough profits because there are project that investing little amount of capital can give us very huge profits in the market. The market is big and there are ways we can be making consistent profits without even trading or doing illegal things just for Money.

Ngemmeng

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I have never experienced a loss in Doge because I have never invested in Doge. I know that this altcoin is a meme coin and is not suitable for long-term investment. If you experience losses in Doge, just hold until bullish arrives or wait until Elon does something about this meme coin Grin

Fredomago

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Quote from: Bushdark on December 23, 2023, 06:13:12 PM

Quote from: Sophokles on December 23, 2023, 04:16:30 PM

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

I think op invested late when the price of doge coin had skyrocket already. This is one of the mistakes many investors keep makinh because they don't know how to study the market and know when to buy or sell. We need to understand this mechanism or else we might become a continual losers. There are many investors that made profits from doge coin because they invested early and they were able to maximize there profits and take it as soon as possible making the over bought price to depreciate.

If the timing is incorrect then expect to experience huge losses, not just for doge who really get that huge pump before it was dump back, many investors who rides on this project on that time that the market still pumping earned decently while those who placed their position late suffered from big losses, it's the timing that matter, though if you still trust the project you can buy and hold or if disappointment already dominate you then forget about it and move forward.

Sophokles

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Quote from: Bushdark on December 23, 2023, 06:13:12 PM

Quote from: Sophokles on December 23, 2023, 04:16:30 PM

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

I think op invested late when the price of doge coin had skyrocket already. This is one of the mistakes many investors keep makinh because they don't know how to study the market and know when to buy or sell. We need to understand this mechanism or else we might become a continual losers. There are many investors that made profits from doge coin because they invested early and they were able to maximize there profits and take it as soon as possible making the over bought price to depreciate.

I think in investment-based businesses, having an exit plan ready rather than a perfect entry is more important. You can buy the token anytime and but the exit plan should be based on what you think about the project and for how long you can hold it. I have seen people take late entries into shiba inu but exit with massive profits because they had a perfect plan and executed that plan perfectly. Although meme coin should be avoided for being super risky altcoin investment category but if you see short term profit and willing to take the risk you can try your luck.

Bushdark

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Quote from: Sophokles on December 23, 2023, 04:16:30 PM

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

I think op invested late when the price of doge coin had skyrocket already. This is one of the mistakes many investors keep makinh because they don't know how to study the market and know when to buy or sell. We need to understand this mechanism or else we might become a continual losers. There are many investors that made profits from doge coin because they invested early and they were able to maximize there profits and take it as soon as possible making the over bought price to depreciate.

Sophokles

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I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

jeha2015

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Quote from: hitsnorth on December 21, 2023, 06:25:03 AM

I lost. I kept it for a few years but decided to sell it at some point. I haven't lost too much so I don't really regret it, but still. I don't believe that it will be near it's previous ATH again.

However, I see many people experiencing losses on Dogecoin because of their own greed. Greed is a wonderful drug, Because Greed is a very crazy thing. If your new life of financial freedom from highly risky betting isn't enough to convince you to make money, then you're destined to lose it all. This is very sad and shows the importance of having a sensible exit strategy. There's no harm in selling early, as long as you make more than you started with.

Elon has convinced many people so that many people are competing to collect Dogecoin but in the end it is Elon who destroys Dogecoin.

Huppercase

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Quote from: nycfed on December 16, 2023, 07:26:09 PM

So we all remember the time when dogecoin first came out, it was such a hyped-up altcoin, and everybody was excited about it. People start investing into the coin, and then it ends up sky rocketing! Who here was one of the people who invested into dogecoin while it was around the 60 cent mark, and wanted it to go up even higher, but then ended up losing a ton of money? Well I’m one of those people, and currently, dogecoin seems to be doomed, and I haven’t seen it get past the 10 cent mark in so long, and doubt that it will anytime soon. Coin doesn’t seem to be going anywhere, so for that could we get an RIP dogecoin in the chat? 😢🙏

Elon Musk deceive everyone and made some of you guys think Doge is going to be the next bitcoin. I have this my friend that time that was highly excited for Doge because of Elon, anytime Elon Musk say or post any meme about Doge, he will be the first to send me the update on what's app making me to feel like I'm not doing the best for myself and may fail in the future not until later I get to know that he bought Doge late and was among the people that bought at the top.

Elon Musk was part of the journey whey Bitcoin kiss the ATH we had last time but his exit looks scam in my opinion. How can you be a successful person and world richest and toy with people to buy digital assets only to sell what you bought at the top, it's a wise decision to do but good influencer don't starb followers on the back and I marvel why security and exchange commission didn't invite him for question, very nepotistic and bias organization I must say.

shushu9977

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I still invest a little of dogecoin. As I mention that it will not go it's high position spot. But, It takes a good position in future. It will never rip or die position. It will take position but look to be patience as you can and just hold it.

GlacierBIT

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Investing in the Meme token in the long term is not a good idea, those who pump such currencies do not focus on one thing for a long time, they do not care what happens to the coin, the main thing for them is to make a profit here and now. You should only trade Dogecoin over a short distance, by analyzing current trends, it is almost impossible to control such a process.

EarnOnVictor

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Quote from: hitsnorth on December 21, 2023, 06:25:03 AM

I lost. I kept it for a few years but decided to sell it at some point. I haven't lost too much so I don't really regret it, but still. I don't believe that it will be near it's previous ATH again.

Oh, sorry about that, I never lost in any cryptocurrency, and the reason is that I have been around of the investment for a long, so I got to know when the dangers are coming. Dogecoin was a very good name in the last bull run and opened the door for many other meme tokens due to its success. Many made their millions of dollars with a few thousand, this is just as some would lose too. The only difference here is that some are more informed than other people while the other people are lucky as some might even gamble in the market and still get to win. But really, it is good that we know what we do in the market, not that we just gamble our money, that is what causes many losses. Imagine those who were just hearing of dodge coin when it is nearing its all-time peak.

Such would believe that since others are making money from it, they too can. But that is not how an investment works, there are seasons, and if you invest at the wrong season, I'm afraid, you will lose. But for how cryptocurrency is, everyone that still waits for a good one like Dogecoin might eventually gain back their money if they can be patient. And for you who lost a little then, you might want to invest back again, you can't lose if you hold it for about 1.5 years.

Makus

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Op you sound like someone who really believe in the coin before it's price start depreciating, anyway sorry for your loss. Memecoin are the trending coins in this era, but the problem is, after attaining a good height in price, they tend to turn backwards or crash to price zero. I have not tried investing in meme coins not to even talk of other altcoins, the risk associated is not worth trying for me. However I don't think there is any hope of dogecoin regaining it's price to ATH any time sooner, but if you still feel like investing in memecoin I'll advise you look for another one.

joeperry

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That's FUD actually but think about it, Dogecoin actually was created as a joke and only was supported by the community, if the community lose trust to the coin it's really not going anywhere but Dogecoin really have a huge community so I don't see it losing value anytime soon, though I wouldn't personally hold Dogecoin as it's a much volatile coin than others.

Those people who lose to Dogecoin are the one who buys when it's getting hyped before crashing and still chose to hold rather than selling it and I think they are a lot.

Rampagoe004

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I am one of those who experienced losses due to Dogecoin investment. I was wrong in my thinking because at that time I thought Dogecoin was backed by the richest man in the world so there was a chance it would become popular. I really regret why I didn't learn at that time that altcoins will have a bull run period where the price will rise and if they can't maintain their popularity then get ready to go down. Actually I made a little profit at that time because I bought DOGE at around $0.1 and the price once touched $0.4 but my wrong thinking was that I chose to hold it for a long time.

synchronym

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op I generally like investing in bitcoin. I have no idea about dogecoin because I have never invested in dogecoin. I have some idea about dogecoin because a friend of mine invested in dogecoin but didn't get such success from investing. Dogecoin investment my friend suffered a lot. Yes. This is why I have never tried to invest in dogecoin.

God bless u

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Quote from: Romeotom on December 22, 2023, 01:51:35 PM

I had best opportunity to buy very dip price but i haven’t loss step for investing in dogecoin. Dogo coin price was very low before coming elon musk but after the price of dogecoin still Rising. Anyway we're nearly bull market so we can buy dogecoin at them price now.

One should not miss the opportunity to invest in dogecoin because Bull season is very close so already beneficial coins will show promising future. Dogecoin is now increasing and will definitely be a good coin although risk is analogues with each and every coin of Crypto market due to unique feature of unstability.

Actually the announcement of Elon musk about doge coin alter the future of doge coin and from then people are often engaged in this investment and it also gives profit to its holders. Today the market is slightly down but it will be a foolish idea if we are not buying our desired coin due to the dream for more severe dump.

odunybiz

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Quote from: Romeotom on December 22, 2023, 01:51:35 PM

I had best opportunity to buy very dip price but i haven’t loss step for investing in dogecoin. Dogo coin price was very low before coming elon musk but after the price of dogecoin still Rising. Anyway we're nearly bull market so we can buy dogecoin at them price now.

I still believe dogecoin will still do better in the next bull run. There is something certain I know in this crypto space, as some people are losing hope in this token, some are also looking towards it as a most to hold towards the next bullrun.

poodle63

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Quote from: Romeotom on December 22, 2023, 01:51:35 PM

I had best opportunity to buy very dip price but i haven’t loss step for investing in dogecoin. Dogo coin price was very low before coming elon musk but after the price of dogecoin still Rising. Anyway we're nearly bull market so we can buy dogecoin at them price now.

best opportunity of course to buy when the price hitting bottom like you, but I guess we might no see that bottom again from here on for the simple fact that we are currently at bullish and yes at the price point it still might be well worth it to buy the coin but honestly, we never know with meme coin because the latest rally almost all altcoin have some big rally and they are hitting above 50% even go as far as almost ten times initial price like basically solana. but most of meme coin are kinda unfazed not moving from its price from where they got stuck after their massive meme coin pump back then.
I honestly doubt that meme coin like doge that has established big enough market capitalization to be able to keep up with the new meme coin and also new altcoin because everytime they always present unique feature and gimmick.
right now doge coin already hitting quite high enough market capitalization i bet the best rally that it could have probably around 10%.

Topic: Who lost money due to dogecoin? (Read 568 times)