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Dogecoin has entered the accumulation zone. Is it time to buy and catch the breakout? What do you guys think?

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I am holding some because I bet with them on directbet to avoid the high fees in every time I send a transaction, but I don't know if the price will increase in December like the recent year.

Yes. If bitcoin drops thanks to the federal reserve raising interest rates (and hence the dollar), watch doge surge.

You should move this thread to altcoin speculation, it's in the wrong board.

https://bitcointalk.org/index.php?board=224.0

The last pump was because ethereum said it might make use of doge. Since then there has been no reason for doge to pump. It would take some news like that, or another wolong to get a similar pump. If another pumper like wolong is accumulating it's time to buy, otherwise Bitcoin will give better returns.

i am making dogecoin as another investment like bitcoin and when the price is down like yesterday, i am buying some amount with my bitcoin. i think dogecoin is good option too when we want to choose another coins to make invest and we can wait for the up price because i am believe that dogecoin is ready to gets high again.

I'd stay clear of doge personally and stick to BTC but wont be buying BTC until we get a move down.

what i think is that whenever someone is talking about buying a particular coin, there have only been two possibilities so far:
1. it is already too late to get in and they wanted to pump the coin more.
2. they are bag-holding and desperate for a tiny rise to be able to dump without losing much.

i have not figured out which one is this one but it will be clear enough soon.

In my assessment there's nothing wrong to invest in dogecoin, besides this altcoin is one of the pioneering coin for a couple of years. And it has a big community in the cryptoworld. Its a good investment too for me.

altcoins like Dogecoin which have a direct relationship with bitcoin price because they are being traded versus bitcoin and also USD at the same time, these altcoins are a risky investment these days because when bitcoin price goes up these altcoins take a huge hit to their price since they have to keep up the USD value they drop in DOG/BTC market

There seems to me to be 2 ways forward for the Dogecoin price.
Either there will be another pump taking the price back above 60, as has happened 3-4 times before.

OR

a long slow death!  At the moment the price is slowly falling pretty consistenly, this could continue for a while yet getting the price down to 20 or even lower. 

The historical chart suggests that it is due a pump, but plenty of coins have slowly died too, so who knows!

a coin based around a internet joke meme was bound to get old sooner or later.

Altcoin old and now prices are falling as bitcoin go to the moon, not only that many other altcoins also be impacted  >:(

actually i think the situation is going to be more like the second one: a slow death with multiple dead cat doge bounces! until the coin disappears because of the very low prices like 1 satoshi or so in a year, or year and a half.

and the only reason why it has been remotely relevant so far is because pumping a 30 satoshi coin to 60 is a lot more profitable and easier than pumping a 1,000,000 to 2,000,000

thanks for info,already have a nice stock ;)

It seems that theres a good prediction that this can ba big before the end of this year im keep buying when price is dropping and wait or use it for my betting inside directbet maybe it will rise up or not but for sure this coin will be active and will rise sooner or later.

Theres still no sure about this kind of speculations on which DOGE could possibly rise on the end of the year.Its really good for those who bought doge on a cheaper price on previous years if price increase will might happen but for me i wont still buy DOGE on the current state because  i do have doubts that it may not even move after all even on next years.

Since the price of Dogecoin still low until now (29sats/DOGE), i think so if this is the right time to buying more Dogecoin. Last year, Dogecoin going up more than 100sats/DOGE, hope this will repeating again. The only problem is we don't know when Dogecoin price will up/rising.

I dogecoin is done, it is the only coin that I know that crash during its halving, also no use case for the project and also the developers are no where to be found. It is good for speculators but for me I don't see the price going anywhere soon

No one would really know on when to rise its price but i think its somehow impossible to rise up again its price because only few people do tend to buy it and also im still have hopes on this coin because even how hard it moves its price but still its included on the top altcoins which is really good and could able to survive for 5 years. This coin is next to bitcoin when it was created but it didnt grow like bitcoin as of now.

I am also hold this altcoin doge for a long time now.
I dont know really if this coin will move up ahead or
will big a hit in the market. Hoping that the dogecoin
will give a big hit so we can gain profit.

Well, if dogecoin it is possible to make a profit, I think this is a good time to buy dogecoin in large numbers. This time I also was holding dogecoin even though the amount is not much, but I think this is quite profitable if the price rises dogecoin, well, I expect a lot from this  ;D

The dogecoin are in a lower price than before because of the high price of bitcoin. Based on the candlestick graph on its history on the price, I can say that this time is one of the best chance for us to buy dogecoin because of its low price and it also a lot cheaper than other coins like ethereum.

DOGE is and always will be one of those coins that will drift between 20 - 40 most of the time, I suppose if you have time and patience you could make a little profit, I would be very surprised if it goes up to 100, if I remember correctly this happened once last year or the year before?

Agree.. that is the average range of dogecoin. If you have patience then you can generate good amount of profits from this coin. We don't need to panic because the price is low. We need to be happy because there is a chance for us to get profits on a stable coin like doge. 100 satoshi is very possible for doge since it has an active community and if the bitcoin drops then it will be a added for a bigger chance since they are inversely proportional.

I think it is really the time to buy and hold dogecoin i see the graph they are starting pumping and some of investors or traders now are making it alive again dodge coin is good when you hold it and wait for the right price to sell.

Add in that the ability to short Doge got introduced by Poloniex late last year, and it's hard for doge to do a full pump.

That's quite impressive, taking into account the fact that there are no great benefits compared to Bitcoin. I think there are a lot of people holding the coin, hoping to see some pump in the future, but I don't know if this is going to happen with the btc bull market in the scene.

I would like to do that, but I don't know how.  ??? (move to the correct board)

I do not see any meaningful profit from doge trading because the coin only varies by 2 satoshis i.e 0.00000028 to 0.00000030 ::)

worst attempt at hype ever. are your spider sense tingling? or do you have a crystal ball

In my view,

The price of doge will be moving after the pump of litecoin.


If lite didn't move?

The doge is also stuck with this price.



From wan

but if you make simple calculate, if we have 1,000,000 which we buy in price 0.00000028 and we wait for the 0.00000030 and sell it in that price. how much we can get? 0.00000028 x 1,000,000 doge = 0.28 btc, 0.00000030 x 1,000,000 doge = 0.3 btc still 0.02 is big amount for me  ;D

That type of return can be had with less time in many other altcoins. Doge has been on life support for a while, only kept afloat by the mere fact it was catchy and quirky. When I tell friends about altcoins/Bitcoin they know doge and that is frustrating. I hate that people outside of crypto know of crypto because of a joke coin.

For that I stay out and refuse to play in it.

This is one of the few coin that is stable on that range I thought way back then they will drift to 2 sats because of their huge supply,but because of the community backing and some ready merchants,they have established themselves.

Its not a good idea to buy doge, doge already enter the zombie zone, i think there wont be any significant changes in doge price, it is better to invest to other coins

It has been on a declining trend for most part of the year now.
I wouldn't bet on an inflationary currency like Doge bouncing to extreme highs.

Doge is one of the most stable coin in the market. Its all about risk taking, You can see on its price history that doge already dumped hard but it recovers its average price after a few months. Now, the price of doge is low because of the effect of the price of bitcoin. Only invest what you can afford to lose.

why do you guys trust in the doge so much


i feel like it could fail at any time mate but what do i know

doge had a stable price, maybe that's what makes people trust in doge. For me, i'm using doge for a long time and doge one of most used by people.

I was feeling doubt too, Even DOGE was older than ETH but not mean they will always still superior with ETH.

His popularity always down every time.  8)

If its stability was such a big draw, it should have witnessed large scale adoption.
It has not attracted the merchant community, nor has it attracted the investors.

I never really liked doge because they had a bunch of problems during launch

They became a success because the meme caught on. The community is what gives it value.
It is an alt which has far exceeded its initial potential.

The mainstream alternatives are litecoin, doge and gulden. Guldens 1.6.0 update coming this week will most likely catapult it to new the new mainstream alternative. Not in marketcap but value in what you getting.

Best bang for buck coin.

Dogecoin is such a memecoin. It's all about how much the community is thriving instead of how good the technology is because there is actually not really that much of a difference between any other scrypt coins.

But yes, indeed there is an obvious trend in dogecoin getting revived every few months or so. Up to you whether you wanna accumulate or not.

the community is too strong for this coin, and its a good alternative for transferring balance
maybe its hard to see a big jump but the price wont fall too much

Yes you can buy doge coin when every it is low because it's price is cheap now, but in long run it won't give you much profit because till now never there is hike in doge price but lets hope definitely there will be hike in price, even we also holding large of doge coin. And best part of this one if you can convert to either any other alternate cryptos also like bitcoin, usd. But you need to need spend lot of doge coin for that. Think while before buying any coin.

that is where you are wrong.
i agree that the community is strong with this one! but no amount of community strength and enthusiasm can help Dogecoin survive because there is a lot of coins created each day by miners and are dumped on the market and on top of that there is a limitless number of coins in circulation which no amount of buy support can keep up with.

that is why Dogecoin price has only been falling if you look at the charts starting from 2 years ago.

it's been 4 days but still nothing has changed,they are still trading from 25 to 30 sats can you give me details on when the breakout going to happen,I have been accumulating Doge when it was traded at 27 sats,hoping it will go up 40 to 50 sats..

Dogecoin is one of my another form of investment of altcoins, also it is can be considered as one of the pioneering coins in cryptocurrencies in cryptoworld. So I don't see any wrong in this matter.

that is true, many other coins have to live up with miners dump everyday, the price will keep falling i agree as theres not much real use here, only btc can survive that so far, but i just dont see a big fall potential except on btc spike
but traders are traders, and miners do not want a loss too ill wait and grab some when the charts gave signal

It seems like the big waves will be coming soon, but I was feeling doubt about that. But if they can resolving the chart as the first pump and that's awesome. I will take a little opportunity from this.

Dogecoin is stable, therefore, if you buy it, after some time it will have the same price. There are instant Dogecoin users all around Web, so buying volume grow is not expected. For profit making there are another altcoins.

i never saw any good reason to buy doge...
it's the definition of sh*tcoin.


exactly,
doge is a good coin to do big transactions, avoiding big fee's and a higher time to confirm. beside that it's all speculation.

Dogecoin is, in fact, relatively stable, but I do not know what improvements it can bring when compared to Bitcoin. In the case of Litecoin, I know that the currency allows faster transactions. I would like to know what Dogecoin has to offer, besides being a means of speculation and having some stability.

It's always a good time to invest some in doge coin you know it never is too late and doesn't hurt if you hold some amount.
I already plan to buy a few hundred thousands and hold at least a few months because I'm sure price will go up again.

Doge has been going down lately under 40 as low as 30 I think if we buy now and hold it might be worth a substantial amount more a month or two into next year. Doge always seems to bounce back like that.

Gulden is in the top 20 right now, but too much volatility / volumes in the last couple of months.
I will wait for things to steady a bit, and then look at it.

i think we can still make a profit in doge because i knew that yesterday the price is down until 28 satoshi, and in 1 day or 2 day after, the price is reach until 31 satoshi, i think its good and we can playing hit and run trading in doge. but again, its not big profit if we only have small amount to trade, its a good profit if we do with big amount to buy and then we sell it.

this now is good time to buy dogecoin
because dogecoin price very low price, last week is under 30 satoshi
buy dogecoin and hold long time you can get much profit

Where do you got that information?If it is accurate I will buy Dogecoin now,I prefer buying Doge than an ICO coin,because they are very stable but it's very rare that this coin get pump and sometimes I missed it.

That's a really interesting chart. I do think that lots of alts will "pop" upwards against bitcoin when the Fed increases interest rates and btc declines against the dollar, in December.

Lets hope so. I ended up bag holding a few now. When nothing happens, in January I look critically to the chart, and probably sell them. I don't like to bag hold, but I was too late with my stop.. 

DogeCoin is my personal favorite not because of the insured long term value, but because it's one of the first cryptocurrencies with a recurring supply.

Try getting into it and hold them for ~10 years... Doge surely is the copper of all coins.

very bad your trading strategy
if you buy altcoin and hold very long time until 10 year
altcoin is very high risk if hold very long time until over one year, you sugestion until 10 year is very bad

I agree. I (try to) never hold altcoins to long. I use bitcoin as my bank and invest in altcoin, day trading or swing trading, to get more bitcoin. Only when bitcoin seems to go very bad, I choose another bank currency.

Dogecoin is one of the only coins that seems not to lose much when Bitcoin goes up,
so its safer than some other coins,
but hasn't turned a big profit in a long time.
That could change any time, but I would be surprised if price went up by more than a few percent.
Thats a good profit if you have enough money to invest, though.

True, but I prefer to look for altcoins with a potential increase of at least 20%. So in other words, I scan for altcoins that suddenly decrease 20% or more. Than I try to find out why (fundamental analyse) and make a technical analyse to to predict where I think the price should go (rise). As soon as it turned out I am wrong, so the market goes where I do not want it to go, I am out.

Are you sure?

Price is crashing since some good time

How you know it will not fall into a bottomless pit towards 0?

I have known cryptocurrency because of Dogecoin, I have witnessed Doge's pump  by wolong and since then doge started to decline in price, there are several changes in their specs. And currently I don't think it is profitable to buy Dogecoin,  what i have in mind is, this thread is to trap people into buying some whales dogecoin stash.  I hope I am wrong though. 


This is what i seen too.  and what is in my mind.

That is why you do not buy yet, you watch the volume and buy support carefully. When volume/buy support increases substantially, you could consider buying. After you have bought you should manage your trade. Place your STOP where you don't want the market to go. When it goes up, move your STOP with it. .. or.. take trading lessons :-)

i hope its not since i still holding a large number of dogecoin in yobit and waiting for more price increase before i sell it if the price will crash more soon..
I think it can take me more months again to wait to see if the price will increase again back to the high..

I think that the price. Of dogecoins in the near future. And its the best time to buy dogecoins with ur bitcoins..u might get a lot of profit with those dogecoins .kudoos :)

I don't know how far doge can appreciate, the number of dogecoins circulating is too high for it to appreciate well in value. I think bitcoin can have a breakout soon and best to stay in bitcoin for now.

I hold absolutely zero points but I have in the past and lost money. Dogecoin is kind of an oddball, the people who support it are a bit crazy.  Very fervent and somewhat weird. I think it could be a good coin for commerce. It has great transaction times. I just think most people look at it and see it as a joke.

By looking on those charts above regarding on DOGE coin i could say it somehow reaches the accumulation zone which is not really a bad idea to buy some dogecoins when it reaches to the bottom but the risk of having a breakout on the support level  is still there. It might bounce back or dump all the ways its price. Hard to decide if this coin will move up.

10 Years is a long long time, i dont think is good decision, you can keep just in 1-2 Years, with current doge price now is not a bad decision to buy and sold when the price up until 3-10 satoshi form the buy price, example when you buy at 27 satoshi you can sell in 30-40 satoshi, if you wait for dogecoin price up more than 10 satoshi from current price you need to wait a whale to pump this coin