Bitcoin Forum

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.

Your mistake is that you think you can earn profit by bag holding altcoins.
That is not the right way. As you have already observed shitcoins like Doge get pumped and dumped, they don't have a future. In other words there was nothing stopping you from buying the shitcoin when it was getting pumped and selling it when the pump ended. You never needed to bag hold it hoping for a pump to come.

In crypto, there will always be projects around which great noise and fame are created (but without concrete value), and as a result, in the short term, there will be a great interest of small investors in such coins and a sudden increase in price.
A small number of people who know how to recognize the right time to enter and exit that project will make big money, but most investors will lose because such projects are not sustainable in the long term.
More experienced investors have seen this scenario hundreds of times, and the end result is always the same.
If you want, you can find hundreds of such projects in the crypto every day, and if you want to gamble, you might get lucky and earn something.

If you buy altcoins that run on smart contract that is very risky. Developers can mint more tokens to the circulating supply.

If you ever known about Terra fiasco, death spiral and reaction of their developer team, you will understand the risk I wrote.

For altcoins, it is safer if you pick Proof of Work coins. Bitcoin, Dogecoin in your example are Proof of Work, mineable coins. Risk is lower than smart contract altcoins but having PoW does not mean it is safe.

Now I see what it means about PoW so it is mineable just like Bitcoin.. may i ask about PoA? Proof of Authentication right? what does it mean?

This is common huge misconception made by newbies because they think what happen from the past might also happen in future and remember that there are so many shitcoins created that's why much better if you invest then take profit rather than believing such another story which is somehow impossible to happen on new tokens created. But if you can take a huge risk about doing that well its up for you to try if you want to figure out if you became rich or get broke in future.

Just think of it that whatever the price when you've sold, you're happy with the profits. This is the crypto market and it will never stop wherever it is right now.
The price could be low this time and as you've said, we don't know what will happen in the future. But to say that it can also happen for other coins, well, just to break that. It's possible but don't expect that it can be applied to all.

I do agree.
The problem is that newbies tend to generalize, likewise with non-crypto investors. They easily make judgements about this industry such as "an easy way to get rich", "follow the trend", "hodl" and the likes without thinking of a strategy or doing a technical analysis first. TA indeed does not guarantee things but atleast, it would be a better basis than intuition or any form of gues. In every industry, especially when it comes to investments, there are things to be learned first to make a start and to be good at something.

People often say that altcoins from 2017/18/19 will never hit their ATH again. I think that older cryptos with good partners and real world usecases, like LISK and ICP, will do well during the next bullrun because they have working projects, not just promises like other coins.

Many people had fallen into the wrong investment, choosing shitcoins thinking that buying them more will help them out and become rich.  
You'd choose Dogecoin over Bitcoin, and it was your choice either. Now you have realized the importance of listening to some advice and boldly seeing your mistakes and accepting it. Let this thing that happens to you become your guidance into the next step you will be going to do and make this a reason why you should not invest shitcoin but rather choose the reliable ones.

Imagine if you didn't sell it and the price continued to fall so you would panic sell everything and then lose to more? Your mistake is actually common sense, not a few people sell that meme at the wrong time, even also not a few people buy when ATH. The altcoin that can give you an advantage is ethereum with every update, meme coin is actually like gambling if there any pump immediately sell it and if dump you can re-buy it, not like investing in a viable project.

Doge got pumped, so do not believe that many shit coins will get pumped, since 2017 how many shit coins got pumped like Doge? Probably one or two, so are you ready to bag them shitcoins just to have one that will pump like doge or have few good projects where almost all of them can bring you good profits.

This is not how I understand the Phrase Be open to any possibility.
But sure it will be great to still have some amount left. I just have to have left at least 500,000 Doge and not just 1067Doge.

Lets say you investing 50Million SHIB and will liquidate it all after the price goes 0.01USD, would you  be leaving at least 5M SHIB in hopes that maybe the price will go $0.70 one day?

No coin that's meant to remain constant in it's value. What we need is the growth of any coin. Dogecoin is good coin and their is very possibilities that it will make well during the period of bullrun. Because during the time of bullrun no coin that's free of been adamant in value without adding up. So, i have not seen anything that will make feels sober. Because i denote that cryptocurrency investment and also making profit it's basically on how we strategies.

That's because Doge and other shitcoins are following Bitcoin price, if Doge or other shitcoins price move different than Bitcoin. Moreover when Bitcoin in bear season, but Doge price actually increase and break the new ATH. Then your prediction aren't wrong to predict the coins price.

You're better off predicting Bitcoin price since it's the factor of almost shitcoins price.

Sometimes we usually get puzzled by relevance in life. Investing in Doge does count. Personally, if I recalled how many Doges I spent a few years back, I was kind of mesmerised by how much money I potentially could have if I just simply hold it. But that's that.

The problem is, the fundamentals of Doge itself are kind of tricky, it is best to ratio our risk and reward to invest in a probable and fixated cryptocurrency who have already proved its profitability.

surely the incident was very regretful for you, I have also experienced that, but this is not Doge but Ethereum,
I really regret selling Ethereum under $500, but indeed it will be a lesson for me.
so don't let you miss the next bull market, especially now that all altcoins are cheap!

That's while it's encouraging to watch the proportion and the height of cryptocurrency some of them potentially before running investment. Because the way I saw Dogecoin from the initial  i understand that it will make well in a reference time. Because the supporters and sponsors of Doge assured me that holding it for long time interval will bring a potential profit. At least sometimes we do use our past to learn a lesson.

If we trace back to the OP point which opens to any possibility, that is also worth thinking about. There are various types of investors, many are risk averse and some are just simply pure speculation. That's up to oneself to decide, but for me, I don't think I can stand to hold any cryptocurrencies that held none of any fundamental value.

But it is good for you to able to take a profit after you held it for some time. Surely, I didn't have the courage to do so, as of now.

We are making a similar sentence in decencies that we all arrived in a profit making during investment. Secondly that's while i emphasis directly to verification of a coin during a long term investment. I believe that with normal proper search before investment you will make a potential profit per say.

Well, doge is created as a meme coin with little to no utility in mind. It was also said by its creator, and even he believed that dogecoin shouldn't be worth as much. It only revived because Elon took notice of the meme and shilled the hell out of this coin. Had it not been for this dude, doge would still be buried amongst the sea of dead alts that tried its best to get noticed but failed badly.

Imagine the countless other people bagholding alts wishing to get the the same treatment doge received. It's a one in a million chance that does not happen often.

This doesn't apply to every altcoin or new project that exist because some projects are obviously showing that they don't have any potential. Doge is different, despite being just a meme coin, lots of investors still preferred pursuing and buying it. The hyped caused by a huge personality also affect it. There ar really unexpected things that could happen in crypto simply because it's volatile and unpredictable. Some situations could affect the value of a certain coin.

Elon Musk knew nothing about crypto that's why he chooses something like Doge coin, it would have been a lot better if he choose Ethereum or Bitcoin, since he chooses Doge coin now he have to make the project get better, had extra utility and stuff or else it will back fire in future.

Now, look at it from the other angle – supposed it plummeted wouldn't you be rejoicing and jumping in triumph that you did the right thing by selling off when you did? In cryptos, anything is possible; both positive and negative. There's no standard rule for all. For all I know everyone hodling Dogecoin would've been bagholding it if Elon Musk's influence wasn't felt on it. I once held a token called ONZ a few years ago. I had over 150,000 units of it or so and when price increased a little I still held back not selling with hope that it would go up more. I didn't know that was the highest it would get to before its death. Those who sold off their ONZ then were the lucky set. So, don't beat yourself hard on your Doge experience.

Who would have known, nobody can't, what happened to Dogecoin caught us by surprise I was one of those who commented that Dogecoin is good but it will never reach not even $0.25 I have to eat my words then I have a small amount of Doge I am in freelance for a year where I received Dogecoin as rewards but sold more than 20k back then, now I'm looking for the next coin that will be like Dogecoin I'm thinking of Tron, but who would know.

Many of us do have a story like that. The regrets. Bitcoin made a lot of investors regret their panic sales and so do Ethereum.
The important part is how far are you willing to HODL one coin or project that you believe in?
Sometimes we are dragged by false news, FUD, and people near us that would say bad stuff about our investments so it makes us panic and sell out.
If it's not being open to new possibilities then we could also rely on the old ones. BNB, Ethereum, and other trusted coins can still make us some profit but we just don't know when. If it comes be sure to be awake.

Well, everyone is mostly affected by the sudden change in the market. Though we know the ups and downs are inevitable and clearly unpredictable but sometimes we believe in luck. We are still got influenced by the environment and as well as these social media.
However, we are able to learn from these things, we become strong, grow old, acted smart, and make decisions wisely. And this is the reason why we are still here making fun with the market despite the past experience.

Of course the best lessons are the lessons we feel when we experience big losses, maybe the market is not very good for us right now, but it is experience that makes us more mature and growing to test our knowledge in Cryptocurrency, the only way is where us to wait for the right moment and take profits when the market really recovers, and that is what is called a true trader .. !!

The thing is, you are pointing out one coin out of thousands that have crashed, dumped, depreciated and that was the end of them, only very few actually dump and appreciate again, mind you that quite a lot of them are also created to scam people, will you also expect coins like that to pump anew, and then with the thousands of them there are in the market, you cannot know which one is good.

Having said that, imo, altcoins are short term projects and one shouldn't regret selling them when they did, if you like altcoins it is better to keep buying and selling them continuosly, if you think one is pumping, or will pump, you can buy it, and sell when you get ROI.

learning from your mistake was a good thing but since when people could know what's gonna happening in the future? I meant you can imagine if you were creating such thread but you didn't even thinking if there would be a token named shiba. it's better to accept reality rather than always being delutional like that. I just wanna remind you that if you will always have another chance to buy at the bottom like this time. You can do that.

Wow, 120k dogecoin, it's a shame if you could have waited a few months, you would have been one of the millionaires today at least in the world of cryptocurrency. Well, it's depressing and debilitating if I'm in your situation. But you know dude, it seems to me that dogecoin's value wouldn't have kicked up like that if Elon Musk hadn't posted on Twitter about bitcoin. But because Musk is one of the most influential celebrities, he attracted a large community to buy huge dogecoin at that time, which was the reason for dogecoin's sudden kick in the market, even though he is not so hot now, he is not. he is the same as before with a very low-value way back 2017. But the important thing is that you realize that you made a mistake in the decision you made, anyway I also want to tell you that investing in meme coins of a large amount is too risky to do so it still needs extra care.

make regrets as learning, hearing other people's suggestions is good but that doesn't mean it is applied as the final goal of a conclusion, because the end of the story is hard to guess, as well as crypto coin price ups and downs no one knows at all so just enjoy the process if you sell on the price is not right, just think that it's only limited to your profit, the point is to always be grateful for the achievements that we have released / sold

In crypto market anything can be possible.You shared about dogecoin which pumped a huge but there are also a lot of fake coins which also gone almost zeero like Luna Coin. So we should be aware and have some analysis before investing.

Not only he doesn't know anything about cryptocurrencies but he never cares about cryptocurrencies, he only cares about his wallet, how to fill his pocket easily and quickly . Cryptocurrency is a perfect choice, he knows that if he chooses bitcoin or ethereum he will not be able to manipulate it and is very unlikely to make big profits. But if you choose a meme coin that is of little interest and extremely cheap, it will make it easier for him to manipulate and make profits faster.

This depends if that coin will still exist after many years. There is no reason to keep some of it if the developers abandoned that particular crypto. The huge increase of doge last year was only because of Elon Musk's hyping it. It's still useless up to this day and no serious development or utilty was made. It's dangerous to rely on those kind of events when investing into crypto. I'd rather invest my money to those who have real usecases even if its possible return are not that big.

Since the day I have step into crypto hustle I have made more money from less known projects than big projects, I have Eth and BTC but in 2021 shitcoins like many would call them gave me the highest ROI, sometimes what you least expected will happen.

Just stick around and survive until the next cycle, maybe you can't find another doge coin but you can spot some coin that will do well next time and always do like what you do before: left some for a moonbag.

Do you mean new projects?, it can be said that sometimes new projects or shittokens  will bring quick profits but the risks they bring are also great. Bitcoin and ethereum will not bring you profit in short term but if you try to hold them long enough then i think the profit they give you is not small and you can safely invest in them. You will have good sleeps putting your coins in bitcoin and ethereum, unlike investing in shittoken, you will always live in fear.

Well it did really happen again. Take shiba inu for example. It came out after the doge coin's noise and shib did also experience some good pumps. There are then more meme coins came out but none of them follow the success of shib and doge. You still have a point there. Maybe not all times history repeat can itself.

Sometimes all what we need is a luck, to grab a potential coin on time and then sell it on time before it collapsed. For top coins I think they only need a little bit of luck but knowledge and skill is what matters with them the most. Op is still blessed because he still left out with 1k plus doge coins :D. I think its value was still decent even up to now.

Once invested in any shit coin and your able to make a X10 or X20 profit to your capital, I think you should see it as a profitable investment and not regret if the token get more pumps. Leaving a bit behind is under a probabilism and agreement of accepting the lose that may follow if project is being discontinued.

not only you, a lot of people couldn't expect it to happen and just regret why not hold their dogecoin until Elon Musk arrives. but this is not the end, we can learn to get better at investing from dogecoin, no matter how bad the cryptos are, they can surprise us in the future.

I am sure that if you had opened a topic 10 years ago with the question whether BTC could reach the price of 70 thousand dollars, you would have heard exactly the same answer. Although there is undoubtedly a huge difference between BTC and a meme coin, the price of which is determined by a pump&dump.

I don't know about coins that have no use because, at the end of the day, when there will be no promoter of those coins anymore, they will eventually become shit coins. But it's different when it comes to some coins that have true agenda where they had been making true development throughout the years and the result is, that their popularity is increasing and their market is gaining more liquidity. But the problem is when at their starting point, you cannot distinguish them from fake ones until these coins become successful in the future. when that time comes, too late for small-time investors because the coins are already costly.

Well, it's a lot easier to adopt analysis on stuff that would make sense compared to, well, something that doesn't. Not that I'm denying it or anything, it has happened already after all but it also doesn't deny that Doge was simply a pump and dumb cycle repeat without any sense. I mean you yourself sold it so you also saw that it isn't exactly something you would have held and judged that there was no sense in holding it (and might've been better for other assets).

I don't really think you selling them back then was a mistake OP, rather you regretting it right now and blaming what, others, maybe yourself as well for not seeing the future, well now that's a mistake. No one can see the future in the first place.

We realize such mistakes when the price of the coins that we have before has gone up high, and it didn't just happen to dogs, but almost all cryptos at that time had very high prices. besides that even though doge is a meme coin, but doge has lasted a very long time. we do not know what potential will come in a coin until investors glance at the coin. The price of the doge became high due to Elon Musk's push, and no one thought that the price would get any higher. Yeah, but I understand why your perception is like that, I've made mistakes like that too. however, not all coins will have the same potential as doge coins. Personally, I still hold onto some coins that were once valuable, and are currently becoming worthless. it depends on the type of coin you have.

When discussing or talking about Dogecoin, I think that everyone has fallen into the whale trap, after Elon Musk's tweet, there was a sharp increase in the Dogecoin movement, and the whales were waiting for the moment where and when to drop the price when everyone fell into the trap of big investors, that's the crypto world where everyone is elbowing each other, to get something big, someone has to be a victim..

There is a good chance that we could end up with a huge loss if we aim at those that could make us 10x or 20x profit. I am not saying that we will, but there is a good chance that we may. We shouldn't be risking it that way if you ask me, it is a lot better to just focus on what we can do, and not what may fail to see.

Some small cap stuff could get me 100x profit too, there is no reason why it shouldn't if there is a whale buying it, it is "possible". But more often than not, we are going to end up seeing a horrible drop and it is going to be a bit of a problem for my overall portfolio value, I would need all others to go up a bit to get back that eventually.

Don't do all the good investments without praying for luck, this is all I have to say, luck is very important in this space because even the most hated project can open the door of changes for you, I've stopped listening to people who says that this is what you have to invest money into to be rich or that, the biggest projects I made money from are not been talked about on here.

In my own view, if it feels enough profit then it would be better to take it more (sell). My reason is more to secure profit, because my thinking is more about the risk. As we know crypto prices are very volatile, so it's rare that it's better to take the best possible profit opportunity and try not to regret afterwards.

This is a common thing that I often encounter. The right time is one of the most influential factors in the fate of our investment. If we are late, then be prepared for the losses we will get. But if we enter at the right time then the benefits will come. But not everyone is aware of this, they tend to force entry even though they know the risks that will occur.

I definitely agree that everything is possible in the crypto world. I would guess that no one would have imagined like 12 years ago that someday bitcoin will be worth 20k or 30k per coin, but that is also the big problem of course. In hindsight everything makes sense and now you think, why did i not buy 1k bitocin back in 2012 or why did i not keep my Dogecoin until they were at 0,70$, but of course that is not realistic. People that bought a serious amount of crypto 10 years ago took a huge risk and of course they are now heavily rewarded for it and are rich now, but the chances for that were very slim.

I feel it too. have some coins with a large number like you. The cryptocurrency market is still in its infancy and the competition is intense depending on our expertise/knowledge and goals alone. However, there are some coins that are pegged to succeed on their business model or feature. A wise investor knows that no investment is guaranteed, and there is a risk of losing money. The best strategy is to diversify your portfolio across many different cryptocurrencies, and not invest more than you can afford to lose.

Well, a smart investor won't just look for tomorrow but they consider the future happenings. That is why they are not preferred to invest in projects in the short-term but rather invest in a long-term deal. And why? Because they are absolute that they could earn more applying this strategy rather making themselves to buy now and sell later, as they want to buy now, hold, and sell them in the future ( when prices multiplied several times).

If we think in this way the matter does not end there many possibilities could have arisen, For example, let's say you made a good profit by selling Doge at $0.70 and after some time the price of Doge is down to $0.08 You will consider yourself lucky but as the market improved, the price of Dodge hit $1 at some point you will regret it, but the chances of that happening are 1 in 100 percent for coins like this, so that's why get rid of the thinking and choose a project for investment that has a long-term plan You must trust your research and set the target where you want to invest or get profits. Many coins are pumped but disappear after some time because they don't have any plan and I don't think sensible people ever pay attention to such coins.

Assuming the reverse was the case would you still feel the same as you feel with regrets now? i think what is most important is doing what you feel is right and don't be too regretful.
The fact is, it is not easy to know the future performance of a certain project, dogecoin was not expected to reach such a price level few years back mainly because of its nature of being a meme coin, many people never see it to be that worthy to hold, but crypto is full of surprises but it is not a reason to jump into any worthless project just because.

I do agree that it is not going to be easy, many people think that pump equals bull run starting, and it might be or maybe it is not, but I wouldn't advise anyone for the time being. I personally do hold mine and keep on buying more, but I am weird in that regard, I would buy more if it was 100k right now too, I just like getting more.

I aim at having 1 full bitcoin eventually, and to do that the price of bitcoin going up doesn't help me :D. and that is why I keep on buying. But to people who are only interested in making quick decisions, I can't say if right now is great or not, I wouldn't know, doesn't look like there is a clue somewhere that can show us what's the reality.

Of course it would have been no. Who knew Elon would one day show support for dogecoin. This was a rare thing. Look at how many meme coins there are in the market. Look at how many "stupid coins" (the ones you are talking about) there were back in 2017. How many of them survived? Literally none! So lets say you invest a little on all of those shitcoins and only one of them made it while the rest died, you will still make nothing since your profits cancel outs with all those loses you made.

We can only regret what we've done in the past but don't forget that we still have a future that will be better than the past and present if we keep trying in earnest. We must learn from our experiences and those of others so that it can be useful for us in improving our analytical skills. Besides, it's all happened and there's no point in regretting it over and over and remaining confident that our future will be better.

Almost everyone who knows crypto has experienced the same thing as you, selling assets at the wrong time is very painful when we find out when he was pumped so crazy a few months later, but it's a choice we make, why regret what have done in the past, because time will never repeat itself.

Even now, when we sell or buy a coin, after a relatively short period of time, we clearly see our mistakes and lost profits. All these mistakes should help us to avoid them in the future and we do not need to dwell on it, otherwise we will not be able to move forward.

I'm sure the error will not go away, there will definitely be greed again when you get a profit,
yes, because we are in a bear market so everything feels heavy, and remember remembering the mistake,
but when it's bullish I'm sure you won't remember the mistake that

You can make trades on exchange to grow your coins faster, the trick is buy every dips bit by bit and sell when you are in profit, repeat the process again and you will get more coins in your crypto wallet.

this is called scalping, of course it requires the ability to trade properly,
traders must have the ability to read trading indicators and of course technical analysis,
that's a difficult thing in my opinion, scalping is much more risky, moreover it must be done in futures trading.

I like your statement, that an experienced trader or investor may not be able to predict 100% correctly because the ups and downs of assets are influenced by many factors.
In my opinion, faith and persistence in holding assets are the most important things in investing, even I myself have received a hefty profit from doge and that's because the belief or belief in the assets that I keep at some point will experience a pumping.

Personally, I can say that you need to use all the chances of new opportunities. I don't always pass by new projects because you can always use the opportunity to make a small profit. And now I can say with confidence that the crypto industry has provided a great opportunity to participate and create interest for many participants.

Dogecoin received support and shills from Elon Musk is totally random. No one can predict that so I don't get why we've to blame ourselves for selling it before that event. Same with meme coin like Shiba which thanks to the Dogecoin, people start to pump Shib and think it going to be like Dogecoin.

I don't think you made any mistake, you bought some doge coin and you sold some of your doge coin and you left just little and you think you made a mistake, I think you did the right thing, the only time I will have said you made a great mistake is if you bought bitcoin and you sold it later, but since it's altcoin them you did the right thing. The reason why you are complaining currently is because the coin pumped, but if the coin dumped then you will be happy that you sold some, I don't really trust all those altcoins, if you are planning to invest then invest in bitcoin and have peace of mind.

True, I was around when dogecoin are too cheap.  I have witnessed how the price grows but sadly I am on a sideline not holding any Dogecoin because I already sold the majority of my Dogecoin holdings way back 2015, and the wallet that holds my remaining Dogecoin is nowhere to find.  I put it to least important because during those times Million of Dogecoin won't even cost a hundred dollars.  Lesson learned but still we need to be cautious to invest in any cryptocurrency that is subject to pump and dump.

Yeah anyone may have faced the same thing like that but again the pump is still remain unpredictable. If people can know if there would be a coin to be pumped and then they will be massively buying such coin even it will make so many people buy that as fast as possible before it will be pumped.
I think that anyone aware about this but again if you are still tried to peg with your luck and then wasting small amounts of money was nothing for sure.

That is for some very rare occasions. No matter how stupid the coin looks like? Well, that's what make majority of the shitcoins didn't get any chances to pump and it would be a waste of money and energy to put something behind from all those shitcoins.
You didn't really learned to be honest. Because if you do, you could've put all those money you wasted leaving behind each from all your desired shitcoins to Bitcoin.

Well if you sold your Doge because someone said you to sell then it's your mistake but since you sold your doge with the plan that you already set then it doesn't matter what the result is. If you thought that is one of your mistakes then just learn from it so it won't happen again in the future, be a strong holder with decent planning.