Topic: Who lost money due to dogecoin? (Read 759 times)

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?

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.

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.

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

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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%.

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.

Trust me I'm not a huge doge proponent but it's in too many hands at this point to just die unless something major happened.  Doge percentage wise is down just like most all other altcoins.  It will see a pump when bitcoin starts mooning again just like every other cycle.  Because of the endless 10k minted coins each minute it will eventually stop going up because supply will outweigh demand.

That is while we need to think very deep before investing in any coin or newly projects, its not encouraging that you invest because people are investing and you doesn't care to know the rudiments of the projects before investing, their is some certain things that is involve in cryptocurrency investment and if you don't understand it you will not be able to scale through for your investment, what mattered most in any cryptocurrency investment is research, because people did not research properly about dogecoin and they invest due to the name came out with very big hype, so that is what triggers so many people today to invest in dogecoin now dogecoin is like abandoned projects it's not accelerating the way it was. So this will give investors a clear sight to know we need to conduct a research first before investment plan will come to conclusion.

the impression to new investors in crypto was that its Elon who introduced doge to them. which they only remember the price of doge is more than $0.10 already. it's not surprising though since Elon is the one who made doge more popular with newcomers in investors. just like they said the memecoins are the crypto gateway.

and most of those newcomers bought doge at a price of more than its current. so yep they may have lost funds.  this coming bull market, i think the lesson is already engraved in the experience.

Nope, Dogecoin isn't dead right now. It's just gathering steam and will rally expectedly too during this incoming bull rally. For me, it's still doing well. Remember that it got to $0.1 last week. It's a matter of time before it begins to push further up again to embrace and surpass its current ATH at $0.7+. If I were you OP, I wouldn't give up on Doge. At least, not until this present rally is concluded.

I don't know your investment plan at that time cause everyone literally have their plan, it seems you followed the trend and I guess your intention was for the long term, you actually made a mistake cause when looking for coin to invest in long term you should consider potential coins to avoid loss in your investment, people who actually invested for quick profit (short term) at that time when dogecoin was having value they made some profit. Investors like you who made mistake choosing dogecoin should not judge yet cause it's still counted as a good memecoin just hope for bull market and see what happens next, a lot of people also lost in their investment some might not be dogecoin but a lot of investors who followed trend could not make any profit and they're also regretting.

If Dogecoin investors have invested from the peak price, selling them now at a loss will result in huge losses. Because we have seen Dogecoin hit as high as 0.78$ from here if investors invest then sell at the current position then their invested funds are totally destroyed. But even then there is nothing to do because you have to trade with profit and loss. I don't think Dogecoin will recover its price. If recovery is not possible then there is no point in sitting unnecessarily with this Dogecoin. It's best to sell what can be sold and focus on other coins if necessary to recoup losses by investing slowly.

I sold ENJ at a loss and focused on ORDI coins from where I have been taking constant profits. So the decision to sell my ENJ at a loss was a very good decision.

considering Dogecoin RIP is an unhealthy thought, you need to see how the price will move later. remember that dogecoin fans are elon musk and this will have a big influence later. but it seems you are too greedy if you don't sell when the profit is in sight. I've even taken profits when doge reached ATH throughout history and I bought at a very cheap price, maybe holding for about 5 months more before finally reaching ATH

Well in the first place it was kind of dumb to believe that after all that hype you'd still believe that Elon will somehow push the coin to another moon. That's just wishful thinking. If it were before the hype then sure, good for you. If it were during? Recipe for disaster. Hoping for it to go back to those days? More recipes for disaster. I would've honestly probably bought some if I knew it before the Elon hype though tbf. I mean its a Shiba Inu coin, which is pretty cute if you ask me.

Probably a lot of people become victim of the hype and bought in reaching almost $1 before. Some of people farm it through faucets so the hype is really inevitable but too sad that many got sting with it. I myself traded it during the hype but able to profit some but not to the extent that I almost all in since its overbought already. Still expensive for now actually considering the price of this during early times.

This is why joining the hype before was not a good idea, and I think even now was not a good shot.
Anyway, I've never bought a lot of Dogecoin that I could say is a decent investment, just enough to ride the hype as I am also a victim of buying cheap coins before. That's all where the hype started when cheap coins were being bought and they made trends about it. I can say that Doge was a lost investment but somehow I still made use of those coins in my gambling activities, unlike my other altcoins that have no usage anymore.
I believe that's the good part about buying old coins with a reputation. Even if you keep them for so long you can still use them on different platforms, like I said the gambling sites are also accepting them and the transaction fees are cheap so there's no worry about deposits and withdrawals. I am not expecting anything in Dogecoin anymore, there's a broad competition in the crypto industry today so it would be difficult for it to be pumped again.

You never buy a memecoin at the top. Apparently you'll never do that again from now on, right?

Let's assume you think DOGE is a good investment (which I don't think it is) the best alternative is to do DCA to lower its average price.

And finally wait for elon musk's tweets

Wee see the effect of Elon supporting this coin since it really create a massive hype since people can't imagine that the top one richest man on earth will show a support to a coin and many think that it can create some huge adoption just like what happen to bitcoin that's why it creates a huge spike of price and it reach to his past ATH which old Doge holder became so rich quickly. But unfortunately there are some Doge coin millionaire turn  to be a broke Doge holder because they decide to be a greedy man and lost a lot of money due to a huge drop of price on this coin.

Since we can't see Elon Musk hyping this coin again then I also guess that for now we can't see a big changes for the price of Doge since it need a same like Elon Musk presence to hype this coin again.

Certainly, your point is valid and very crucial about volatility and un-predictability of crypto currencies market, and it is essential conduct due diligence and through research to understand the fundamental of currency in question, before making investment decision. Your mention of Elon Musk influence is a relevant  example of how external factors can cause fluctuations in a specific currency like Doge coin. I think accumulating Doge coin by implementing DCA strategy is a prudent approach, and wait for the next bullish market when it might reach new ATH.

Elon musk was the the reason behind the massive push. I think he is the only one who has the influence to make it push so high like before. It will be very difficult for Doge coin to hit 60cents which you think. Is either more investors troop in or or an influencer like Elon musk influences it to hit it ATH again.

Well, I can't say that I've lost money because I haven't sold my DOGE yet. But I'm down and I'm not sure that it will recover. Thankfully I spent just around $100 on it and it's not really critical for me.

Dogecoin is a fairly popular Altcoin that has survived to this day, even though the price increase was influenced by influencers, previously this type of Altcoin was one of the favorite coins for gamblers and traders. I think those who have lost a lot of money investing in Dogecoin only get involved when the price soars, but there is a possibility that in the future Dogecoin could experience an increase along with the increase in the price of Bitcoin

It is important to know that investing in cryptocurrencies is risky. You should do a lot of research and think about many things before making investment choices. Even though things might look bad now, the cryptocurrency market can change quickly.
And the hype created Elon and he is still holding the Dogecoin and who knows that he will hype it again. So we can't say anything because this is the Crypto Market which has many stories in it. So always be careful. And if you have bought and you own it so I will recommend that you should hold it tight so one day it will give go to the ATH. It is looking risky but if you have so you should hold.

should also remember that elon musk influence is deteriorating nowadays when it comes to shilling for certain coin, but if its about integrating doge coin with his platform then i guess it make sense if it could retouch the all time high again but then again when it comes to meme coin that already has high market capitalization never have too high of an expectation because the money is flowing in the other meme coin right now at best we should be waiting for the next bullrun in the next year where there is halving occurring that could causes the market to be increasing signficantly I guess at that time elon will also comet to play shilling for doge coin for unknown reason then maybe we might be hitting all time high again.
right now if i were meme coin investor i would just instead focused on a more newer meme coin as a side hustle just disregarding big market capitalization meme coin for a while because we all know right now they are kinda stagnant maybe because the market capitalization become too big for people to pump it and quite frankly maybe everyone has already owned some meme coin in their wallet.

I didn't lose but RIP is pretty much odd stance on it. It has always peaked when altcoin season starts and dropped, with more volatility then most coins out there. And now when price is stabilized again it's rip? That doesn't make any sense when you look at the history. And you really have to zoom in as new peak always makes the old ones look like nothing. But they were insane when you look at percentually growth. Dogecoin wouldn't die even if everyone wanted so. And most people has wanted it since the start. As it was the original nonsese shitcoin. It just gained credibility as it wasn't never to be taken seriously. Not even the developer of it saw this weird cult of dogecoin coming. So i have accepted that it might never die. It might be less popular, and have lower price but it never goes away.

My friends made some beer money with it by mining it. But they solde arly, obviously. As most people would have.

I did, back in 2014 I bought it 220 sat/1 doge because there was a news dogecoin sponsored one of Nascar team.
In the end, the team finish 20th out of 43.
The doge price was not rising at all before and after the race, 2 or 3 weeks later it crash to 60 sat and it forced me to dump the coin.

I never buy doge again since that time but I think the doge will be still alive for a few years ahead.
The coin will not just die like that, just wait for Elon to make a joke with doge again then the price will start rising, rinse and repeat.

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.

Why you think that dogecoin is going anywhere soon? This is the memecoin that is here to stay and it has a wide network of its community and is still active to this time. Those that have lost money on dogecoin can still make up some recovery as we are about to get into the bull run. And with this, everyone believes that most cryptos and meme coins including dogecoin will have its move upwards too. But that is not a financial advise but an opinion.

Yep, the greater the doubt and loss of patience that leads to giving up on the holding plan according to the OP's own strategy, will also lead to price recovery processes. Although I am not a big fan of this cryptocurrency, I understand the developments surrounding it, and it seems similar to many other cryptocurrencies that are susceptible to price manipulation through news. Take a look if you have faith in it, and also accept the fact that it does not require trust or doubt from an individual.

So if you have your own thoughts and decisions, keep believing in them. Even if that decision doesn't go according to plan, going through it many times will still give you valuable experience to observe again.

Certainly, the individuals who bought it for long term investment purpose in 2021 when its price reached its all time high (ATH) at around $0.70,  are currently in losses. Even if they bought more coins on dips to reduce their cost of investment by using Dollar cost Average (DCA), the decline in its value persisted. Its hype in 2021 was mainly attributed due to Elon Musk involvement in this cryptocurrency, which seems to be diminishing now.

It always sucks to take a bath on a crypto investment, but ultimately you have to remember that nobody put a gun to your head and make you buy Dogecoin. Buying it at 60 cents when it had already risen so dramatically earlier that year turned out to be a technically unsound decision. I don't blame you for wanting to jump in on the Elon hype train -- it just turns out that you jumped in at the worst possible time.

Having said that, I do believe DOGE could eventually reclaim its former glory. It all depends on how things shake out with this Doginals stuff that is currently flooding blocks, and if Elon still considers it worthy for integrating with X as a result of it.

Those who invested in Dogecoin when it was at its peak and those who are still investing in meme coins are falling for the FOMO. Only a few would have made money from meme coins, wherein a lot have been rekt with this FOMO. I feel that unless this hype dries down we will see many more like you investing in meme coins and losing most of their investment. I have never invested in meme coins and will not in the future.

there might be some price increases associated with the upcoming halving of bitcoin but i don’t think it can go back to its previous high prices at least until next year it can still go up but it won’t be happening in the short-term

OP I haven't invested in Dogecoin yet and haven't lost any money investing in Dogecoin. I started my investment journey with Bitcoin. I only invested in ENJ coin altcoin for a short time but since there was a loss I later sold at a loss and bought bitcoin. Dogecoin was originally a shitcoin but the market grew a lot thanks to Elon musk efforts. Whether Dogecoin will regain its peak value is yet to be said for sure. However, my long-term belief is that Dogecoin can recover its value if the Bitcoin market is pumped to its maximum. But must be patient until recovery. Since you invested Dogecoin, you have no choice but to be patient.

Losses from investing in dogecoin come from the belief that the richest man in the world will help you become rich, and since he recommended buying dogecoin, this means that it is the future, especially with many who promote that Elon Musk is a successful man and all the projects that he was in or supported achieved. Amazing success over the last 10 years.
Investing is very superficial without knowing when the user will sell, and as the price of Bitcoin increases, his greed increases and he buys more, only to suddenly find that everything has collapsed in value and that he did not use his mind before thinking about investing.

OP, your write up shows you have lose hope in Dogecoin. Remember this is crypto and the coin involved is an altcoin. Don't be surprise if you see a sudden rise in it during the coming bullrun. It's past history shows it has went down this far during the past bear season and still come up again, so never conclude on a RIP degecoin, just be patient till the next bullrun

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? 😢🙏