Topic: Who lost money due to dogecoin? - page 4. (Read 758 times)

I am also holding few thousand DOGE coins for long term, hoping it might potentially retest its previous all time high (ATH), at $0.70. While I understand that chances of this occurrence are quite low. My experience in crypto world has taught me that nothing is impossible, Elon Musk or any other celebrity may decide to use it as utility token for method of payment on twitter or one of his various enterprises.

I was sort of new to investing at the time, I only have invested for a year before the dogecoin rise, and before I knew not much about it, and didn't really care for some altcoins. Me, and I know other people too, seen that dogecoin was rising, and the marketing such as "Dogecoin to the moon" or "dogecoin to $1" was pretty convincing. It is my fault for investing into it at such a high price, I just regret not caring for altcoins at the time though, would've made a decent amount of money.

Yeah, that’d be the best to happen. I never here many people talking about dogecoin anymore, but if any billionaire such as Elon Musk or another celeberity/billionaire thats into cryptocurrency advertised the coin, the coin would sky rocket once more. That’s what we really need, billionaires truly have a huge impact on coins going up, just depending on how they advertise it. They can easily make us rich, just don’t know why they don’t.

  Aren't you aware of the volatility of cryptocurrencies? Then you're talking about Dogecoin here; aren't you a risk-taker? because, as far as I know, everyone who invests in meme coins is always prepared for the risk they can face when they hold coins like that.

  Just know that no matter how deep the value of a coin has fallen, as long as you don't sell it, there is still hope that you can recover your loss or that it is even possible to make a profit in the end, as far as I understand.

Sorry for your loss, but don't get defeated for this reason. Money can be recovered through so many different ways. If you discipline yourself and work towards the goals you have in mind, besides recovering what you lost with DOGE, you can also achieve much more. Most of us here have already lost money in crypto universe at some point and what remains from negative experiences is the learnship.

Next time, be more careful to not fall for shining deceiving promises and endorsements from manipulative whales like Elon Musk. I'm sure he didn't have losses when investing in DOGE, but in order to make profit for himself, he threw lots of investors like you on the fire... Also, don't expect a lot from memecoins. There isn't any solid purpose on them which could justify a long term increasement in price.

On the other hand, in DOGE's favour, I have to say that besides being a memecoin and before being manipulated by Musk, first of all it is a classical cryptocurrency from the early days. It used to be a loved one and very sympathetic to crypto enthusiasts. I can't assure how much it will still recover in price, but there is a possibility during the next bull season.

All of this was thanks to Elon Musk alone. Five years ago, DOGE was worth less than a cent and nobody could imagine that it could grow so much. Probably a lot of people lost money when doge was worth 30-40-50 cents. But just as many people were able to make good profits.

Not me. Doge went up by 50% recently and made me some nice profits. If you bought this when it was 60 cents, that's your problem and if you check the charts it didn't stay at 60 cents for long. It was a parabolic rise which was't sustainable. If you still believe in doge, now is a great time to collect them cheap coins even though it went up lately. I don't think memelords are done with this project so I am buying with 3.5 hands. My target price is $1 and I know it will hit $1 in the future that's a x10 return which is quite nice. It is not x100 or x1000 but those days are gone now.

Are you new to crypto because I remember seeing dogecoin below 0.01$ when I’m still newbie here in the forum. Your narrative looks like you just enter during the last bullrun while Dogecoin is one of the oldest coin in crypto which the price hover below. 1cent for a long time before it goes to 60cent mark like the story you are describing.

There’s tons of people gain on Dogecoin compared to loss because only those newly enter trader on the last bullrun is the one who purchase on higher price while the rest purchase on pretty much lower price even on the current price.

I prefer to invest in coins that have real value and long-term growth potential rather than fall into the meme coin scam. It is true that the popularity of this coin was influenced by celebrities like Elon Musk. Coins that have a strong community behind them are always looking to create hype on such coins and will continue to do so in the future. I think instead of just relying on hype or community support you should consider coins like bitcoin, ethereum as a long term investment. If you get greedy and invest in doge coin a second time, you must be prepared to lose it.

What a story, but one thing that I can denote out of this is that you were a novice at that time, nothing more. You probably acted according to what people said and the FOMO which is not advisable in the market decisions took hold of you. The best in trading is for you to first understand what you are getting yourself involved in, traders/investors should not just jump into coins or any assets simply because people are saying so. This is why I often laugh when I see a lot of inexperienced people on this forum talking and running their mouths up and down and could still be pointing the experienced ones in what they think is the right direction.

Well, yours is not the first, I have seen a lot of victims of this situation, and it will not stop there, in the next bull run, there will be more victims, especially those who will be like the doubting Thomas that will not enter the market early but because people are making money from it, they will now enter again at the late time when the market is at the higher price, and will start complaining. Well, the market has to be understood and read carefully before money is committed to it. When you invested in Dogecoin, the coin was bullish, but if you had known how to read your chart correctly, you would have known the best time to liquidate the position as well. By that, you could win a little, or be at a breakeven point, or lose a little. But don't worry, the next bull run is promising and I hope you can see Dogecoin above $1 this time.

It seems like you're one of those investors who did the same as the investor who went all in on DOGE, and became a millionaire when its price was at its peak, but now still holding it.
Did you buy it at the peak? I don't know, but just prepare for the worst I guess.

The last time DOGE reached the $0.60 price was wen Elon Musk promoted it, and that made investors very excited (including you I guess) thus, bought at the top hoping that Musk would be the reason for the coin to reach a dollar. Unfortunately, many of those who expected are now at a loss because the price of DOGE went down a few days after reaching its peak. DOGE's price doesn't seem to be going anywhere. Maybe it can during the bull run. I mean many of the top altcoins increase in price during the bull run and that might include DOGE.

Just wait for the bull run I guess then sell at that time to lessen your losses or maybe gain some profit if you're lucky. DOGE isn't doomed, and still be one of the best meme coins out there, but don't hold it for the long term, or at least I don't recommend it.

That's nice and don't ever attempt to. But with this thread here, you're going to distance your self evenly on such meme coin. You have a good start. If only you stick with it, you won't ever experience a loss. ENJ is a good altcoin before but maybe not anymore now, so your decision of selling it a loss, may be a alright.

Dogecoin was originally a meme coin but later on it became a shitcoin because it is being manipulated easily by the influencial people and one of it is Elon Musk. With that said, you shouldn't thank him. I'm sorry but I'm against your belief. Dogecoin investors has actually another choice, and that is they can sell at a loss. They shouldn't wait longer as the loss can only add up.

To be honest, I lose some of the money. It was that time, when Elon Musk just supported doge and it just boomed in price. I didn’t trust Elon Musk, nor the dogecoins, hence I didn’t buy it. But later on when the price fell down and it was going up frequently, I thought to buy the coins and cashout some profit from it. But sadly when I bought the coins at cheap price, it didn’t go up and rather it fell in more price. Hence for that I suffered from some losses. From that day, I promised myself to not go for these shitty altcoins.

This is an Elon project so there will come a time that it will pumped in the future. Most of the coins have different timeline maybe its not time for it to pump. Why not stack while its low its a perfect opportunity. Probably some got hype when its almost reach the $1 before and buy a lot and some sold their tokens. During the dump surely those who sold got their asset already back again and waiting already to sell at that ATH again.

For the fact that you lose money on a certain coin does not mean that the coin is bad, you need to check your investment strategy and make sure you don't invest in projects that have already skyrocketed and soon waiting for the price to depreciate. A lots of people do get it weing and they will not adjust there investment strategy so that they don't end up losing big from the market. The market is big and the only way we can make profits from the market is when we invest at the early stage. That is the stage when the market will turn a good leave.

While many people turned Millionaires, A lot of people equally lost money during the time Elon Musk posted and shilled Dogecoin. If you went on Twitter then, you’ll see so many comment on his post where people were cursing him for causing such havoc for them. And what can I say about it? It’s FOMO. People rushed in because they don’t want to be left behind, maybe people didn’t even fully understand volatility before hoping on it. Sorry if you lost money to Dogecoin, but I hope you learn from it.

Doge is a meme coin, during that time I only focused on buying Bitcoin and top altcoins in the market so I didn't get to invest in doge. I feel bad that you have invested at a higher value. But don't lose hope, we are not in the bull season, doge will probably be one of those altcoins that will make a rally. Investing in doge is risky but if ever it makes a comeback and you already made a profit, grab that chance and sell your holdings. Don't make the same mistake twice.

I have had mixed experience with Doge but I was aware like most of the members who has been in this industry for a while that Doge coin is nothing just a meme and got the craze because of Elon Musk's manipulation and it was supposed to end someday and it happened quicker than expected and lot of people lost huge amount of money. I would say this coin has nothing to offer and popularized by Elon and it went down with him, unless there are any major by him and steps taken to include Doge in his project's ecosystem which looks very unlikely. Eventually this coin will vanish.

Not yet, we can't get an RIP doge coin yet because there's still little hope for dodge coin, it's still listed on major exchanges and there's still a good project behind it so let's keep some anticipations in to the next bull run and if it turns out it still remains stagnant amidst the next bull run then we can say it's time we could say letting go of the coin for the moment will be ideal probably until it starts it's movement again to the upwards direction.

So sorry you fell for one of those, everyone here has his/her own experience with different Altcoins or memecoins all you have to do is just to bear the loss and accept the fact that it may never grow up to that extent which you entered into the market. It may happen but the chances involve is extremely low, it has benefited those who were early investors as this is the only chance of getting any better profit guess you were too late to making your investment.

For this bull run coming due to Bitcoin influence you just have to pray it recovers, definitely the price will go up due to Bitcoin halving but might not be as much expected for you to make profits. Next time before investing in memecoins, we should be even more careful.