Topic: Who lost money due to dogecoin? - page 2. (Read 768 times)

I remember when DOGE was worth less than $0.01. It was often overlooked by many because of its inexpensiveness and ever-growing supply. After all, the creators of the coin said it was nothing more than a "joke". It took one man to lead the cryptocurrency all the way to fame. If I knew someone like Elon Musk was going to endorse the "meme" coin, I would've bought lots of DOGE to sell it after the "big pump". While I didn't lose any money, I also didn't make any.

I regret not taking the opportunity of a lifetime to become filthy rich. Perhaps, that's why new "meme" coins began to appear. People who missed the train are now investing in Dogecoin alternatives with the hopes of becoming rich in the short-term. But I think it's already too late. Dogecoin will eventually lose its value, as Elon Musk moves on to the next big thing in crypto. The future can't be predicted, so lets hope for the best.

Maybe I am one of them, but not too much money. Because at that time I was just late in taking profits and you could say I was a little greedy because I expected prices to rise again. but in reality, none of that was achieved. And in the end I still hold these coins to this day because in the past I had no other choice but to hold them. And that was enough to teach me valuable lessons regarding several things. just like don't play with high risk altcoins if we are not high-risk takers, don't be too greedy, and be realistic. Well, that's a lesson that can be learned, because fortunately it wasn't a large amount, and I don't need to regret it because it was my mistake.

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 had the experience of holding 15k doge 2 years ago, although not that much, but that was the day I was lucky enough to accidentally buy Doge coins, after a few weeks the price of Doge increased in 2021, maybe everyone knows that moment when Elon Musk gave a retweet on his personal Twitter account and suddenly the price of Doge in all markets increased drastically without any pause, in fact everyone was competing to get profit from that moment, even though many people were caught up in that moment at least I got an unexpected profit with the 15k doge that I have.

Looking at many of the altcoins we have in the market now, we need to be very careful how long we are holding them. There are some altcoins that just need to be hold for some times before we sell them. Not all projects worth to be hold for a very long time and this is what many investors do not know. Doge coin is a good projects and we can decide to hold it but we should be more focused on the profits aspect. We should go in fully for the profits alone not to hold for as long as possible.

Crypto may be funny, you can't really predict the lowest low. Imagine when you think you are buying the low, and the low you bought became a high when you see more low. This also happened to BTC, just that you can keep BTC for a long time to attain profit but it's not really easy with altcoin. Keeping altcoin is just like burning ones money gradually as the altcoin may go dip and never witness a pump in it's life time.

Meme coin should not be your first choice when you were thinking of a serious investment plan. I did not lose any money investing into dogecoin but for those who are still interested in meme coins, let me tell you this. Investment plan for this kind of coins should be considered as a side investment plan. It says, only in this what you can afford to lose. But with meme coins, I will say that after investing what you can afford to lose, if there is something left in your hand that has no use, you start to invest into memecoin.
There are no sure possibilities that this kind of projects will skyrocket. Maybe it will be a success or maybe it will go down in history. So just to be on the safe side, take this investment as a hobby and not a serious thing.

I never bought Doge but some people I know closely did. I think you were just unlucky to still hold Doge when the price dipped. Perhaps, you bought when the price was already at the top. I know it must be painful but that's how crypto is. However, Doge remains one of the coins that can pump when the bull market returns. So I would just advice to continue holding and not think too much about it to avoid jumping into depression. I still hold some coins I bought in 2007.

Even though your fine fine with current lose you encounter with Dogecoin still its a waste of opportunity to earn since imagine if we just sell it when ATH still there you could possibly secure a lot of profit with that. But incident like this happen and a big lesson that need to learn from so for now I guess people need to avoid getting hype by any influential people since they are also the cause of downfall of its price just like what happen to Dogecoin.

I also believe that it will get a hard time to reach for its past ATH or record a new high since same what Musk did to it it need another hype that can surpass its pass growth but I believe to many people done with it especially those whales got trap when sudden price fall happen to Doge. I heard a lot of sad stories including those supposed to be Dogecoin millionaire but unfortunately he became broke and the value he hold cost so less at the moment.

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.

Doge coin is basically what we saw at a time when there was a lot of pumping and people got high profits from it. Again, many people are among the big losers who are now impatient and waiting for the Doge to rise in price. As you have invested and are in loss, it may take many more years for the Doge to reach this position, so you still have to wait in loss if you want to get that money back. Although many people invested from the high market but later when the market went into a bear market, the value of Doge came down a lot. However, since you are still losing a lot of money, so are those who bought at the highs. So you have to wait for a long time for the recovery of this money, you should not be restless but give up hope of this money and plan something better in future.

Investment in memecoins are not easy as you are not rest assured you will make good profits from them. Investing in memecoins is more of investing blindly only with the hope of getting profits, very risky even with your speculations and considering the hype from the team will make you invest even more and most times ends up in tragedy. It is important to be knowledgeable enough on this memecoins investment before venturing into any.

 

Pretty sure you are one of the many people who bought dogecoin when Elon Musk used his power to influence the market which made the price of this meme coin rise very high and now it has fallen at least 80% from the last ATH, but for those who invested when the price of dogecoin it's still very cheap and even they can get it for free and quickly via the faucet, they will still consider this meme coin to be one of the coins that give them big profits.
The lesson is to never buy coins when the price is already high because we never know when whales will dump their coins in the market, because they have reached the desired profit target and that's what whales always do, collect them when they are still cheap, influence the market and dump them away when they have made big profits.
Sorry for the loss you experienced but there are many more losses in other meme coins such as Shiba Inu and all coins that use the name of Inu in front or behind the name of the coin.

I made some investments in Dogecoin when Dogecoin was at its peak. And was able to earn some profit from Dogecoin investment. But later in the last stage I lost some money. Where successful people like Ellen Max supported Dogecoin. So I didn't seriously think about losing money on Dogecoin investment. Trusting Ellen Max was a big mistake for me.  Currently Dogecoin is on the way to destruction now there is no hope of full recovery of invested money. From here I decided to never focus on dirty altcoins

We should be careful enough to know the value of these projects before investing. Elon Musk was the main reason most traders and investors anticipated in dogecoin projects, everyone hope for good pumps because we have one of the power and top whales handling the project, Elon Musk. Instead he did what he had to do only for his own interest and that of his close associates, so before the information could fly out to the trends, the project dump heavily and its now dormant as never before. Though it still makes runs but they don't stand any chance of succeeding to good standards of the market.

those getting fomo'd by elon shill are definitely buying at peak, its what happen when someone get fomo'd they will just gonna buy the coin even when its already kinda overpriced.
not to mention with meme coin like doge coin where the market capitalization is already too high, if someone is buying at peak, then they are in for decades of waiting if there's no significant shill from elon musk coming again.
there has been rumour about the integration of meme coin towards elon future financial apps though but its after all just a rumour.
for those that bought doge coin at all time high, just wait it out maybe the next real bullrun that might happen after halving comes in might give opportunity to turn loss into profit but then again there has been many meme coin appearing nowadays we don't know whether flow of investment are still gonna go to doge coin or instead it go to the other meme coin thats currently trendy.

Have you only bought doge coins throughout history? I always underline the word cheap, not cheap on the surface and compare with other coins, but I always compare that the coin is down from its usual price and see files for consolidation. I sell doge on the rise maybe between 3-6 times the rise, because my detection when it continues to break the lower price of the nearest bottom I sell there, not just for doge. Some investors when pumping even expect hundreds of times, I wonder if the logical profit is not what is being sought? doge proof of the seriousness of the project meme also other factors also support but if it is destroyed even to disappear it is unlikely to happen, if the founder does his job well and there is no criminal element I think no matter how difficult the doge market will survive even to return to the lowest bottom it is difficult to decline even in the long run.

It is not about Dogecoin, in my opinion. Op.
This situation of you losing money would have happened with any other altcoin or even with Bitcoin itself during the phase of FOMO, all this is about recognizing when one is still in a healthy position to jump into the train and buy a position or it has become too late for one to get a good position and perhaps just consider to short once you feel the bull market has come to an end.

Dogecoin is not a coin which is going to suddenly fail or disappear any time soon, by the way, to me it has transcendent the status of a shitcoins and actually become a project which has the backing of a full and wide community behind it for it to continue to increase in value in the coming years. While it is true Doge does not have a limited supply and that may okay gainst your position, it is still too early to give up on such a project.

I have also had some bitter-sweet experiences with Doge, with have led me to stop holding it, but it was not because I was at loss with my positions, but rather because I could not time my exit strategy as I wanted, and I still feel salty to this day on how I missed even bigger wins.

Anyways, good luck with your positions and I hope you don't have much unrealized losses accumulated. Send you a hug.  

I've never lost as a result of doge. Because until now I have never bought doge. But it looks like I will buy it in the next few days or weeks. Because soon the bullish market will definitely arrive and I will prepare for it. Because I'm sure Doge will definitely have another price increase when the market is bullish later. So, don't just conclude that Doge is dead. Because we don't know what Doge will be like in the future. So just keep thinking positive.

Whenever somebody get deprived of cash due to investment in any coin then he never trust that coin and I assume that you have lost some cash due to investment in dogecoin. Sometime there is no mistake of a coin but most of the time a person cannot identify a lethal timing on which they commit to put on sale their coin therefore they make inexact decision.

Don't sell holded coin and in my judgement everyone should hold dogecoin until coming bull season as doge will become more yielding. There are some people who don't search concerning coin and they want to put some cash in that coin without finding out about its coming time therefore it is unavoidable to first explore about the coin and don't follow the price surging coin.

The better way to reduce your losses is that if you are in doubt about the success of doge or any other altcoin then you should put money into Bitcoin because it can increase your trust as well as minimise your loss. We should not consider dogecoin as blameworthy but decide following the market order.