Bitcoin Forum

But i just create wallet for doge coin  ;D
Should i buy coin now?

https://i.imgur.com/KdeEys9.png

Depends on how you see DOGE in the near future, and creating DOGE wallet doesn’t mean buying. Try to analyze it first, and if you’re thinking about the hype of DOGE then you should be more active monitoring DOGE because it moves faster than expected. Don’t buy just because of the hype, that’s risky.

Definitely. Buy doge, lose money, and then come and cry that crypto is a scam.
Man, it's up to you. DOGE bag holders will say "buy buy buy", but a rational person will say "are you f-ing kidding me?"

I think only you can decide that thing, it involves your own money so if you think that Dogecoin is worth your investment then you can buy and fill your bag, Just always remember in the saying invest only that you can afford to lose because in crypto industry anything can happen whether it is favorable or unfavorable with your part so think twice Mate.

What are the reasons why you should invest in Dogecoin?
Is it because you just created your wallet?
take my advice, it would be better if you put your money in another altcoin asset. dogecoin has had a pretty good moment this year. but momentum could go away at any time.
the stakes are with you. ready to lose I think you have to face it.

If you are thinking doge is still undervalued and it has potential to go even higher than the current price and then that would be fine for you to buy that but if you are feeling doubt about that and then you should never buy this coin.
I personally will never try to buy memecoin with a high rate like doge.
Just because it was getting shilled by elon musk and it doesn't mean doge has a good usecase.

I'm not sure you are just hype and think about investing in Doge as Elon Musk did in the tweet. No, man. Even it was been promoted by this person, you should also have to check if that coin is really promising, have a profitable market or not. Many have suffered losses because of bad thinking and overhyped. Seeing the current Doge position in the market, it was enough for you to think if it's a good idea or not.

I don't want to stop you but just giving you some tips for you to consider in choosing a coin for investment.

If you do not know how it works or you do not use it for a real use case(like store, payment system) nor adoption, I suggest you stay away from it because it will not sustain at this level of price. The entire thing was brought by hype from Elon and eventually will be back to where it belongs.
Dogecoin is as good as a meme but it is just it, do not underestimate it but also do not overestimate it.
As of now, it is extremely overpriced, whoever buys it at this moment for the sake of investment will end up getting burned.

I have heard everybody pulling doge coin down but the price has moved from 0.02 to 0.05 this year. Doge coin may keep some surprises going but the big issue is the number and it is handled by community so burning may not happen.

Did you miss the latest news, DogeCoin is becoming Elon Musk conspiracy theorist, so we're not sure if DogeCoin will soar any higher. but regardless because you have a way of looking at DogeCoin for the future. because it will still decline so be careful if you want to buy Doge.

the infinite number could kill DOGECOIN at any time. it is possible that when more and more people dump Dogecoin it will cause the current price to collapse back into the price it was before the pump. To be honest, I don't believe Doge has a strong market to hold a dump until now.

It looks like the true story about doge and elon. Can you drop the link to that news? im interesting to read more about that. I guess that's why the recent tweet that created by elon didn't give any impact to the price like a few months ago.
Infinity supply should be the main concern before he will try to buy some doge from the market.
Doge is a memecoin and it's a very bad decision to make it as a long term investment. I guess if he wanna try some bucks and it may not a problem.

as there are available many offers of service with the doge, users to gains of return as the possession of token, as the extensive on work with the crypto finance might as user to finds out the detail with the price growth on movement and follow with the decision to buy on holding the doge token.

I never had any Doge coin in my entire engagement in crypto currencies, but might be planning to have some later. What does it gives you when you hold doge? Are there any staking? I was just seeing post on social media, one of my friend-keeps on buying doge and make memes out of it and it's surprisingly makes my day . Maybe I should grab some asap.

Investing in altcoins isn't easy and despite the bull market, there isn't any guaranteed profit.

I get some data from this topic https://bitcointalk.org/index.php?topic=2106360.0 "The next 100x or 1000x coin", where people trying to guess/suggest the coin that could receive a big pump during end of 2017 early 2018.

After 3 years:
13,18% Reported a positive result.
10.83% Reported a 0 (total loss)
the others just negative results (prices go down).

(full post here https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq )

First of all you should ask your self why you want buy dogecoin... and not any other alt-currency or token available on coinmarket cap!
Because, there are some advantages while using dogecoin... but this is what are you searching for? Did you have make any previous research about other /Similar crypto coins?
Just as example banano (BANA) price has doubled in just few days!

DogeCoin should buy at a low price, and you can buy at your risk, and there is no use case of Dogecoin, which can be down and after reaching high price so you can buy if you afford the loss wait for 2x then you can be sold out.

Since you have successfully created Doge wallet, you can definitely buy Doge coin. However, I think QR Code of your wallet should not be shared. Because there are some wallet apps where if you scan the QR Code the private key of the wallet comes out like Metamask. If you have a same wallet app for doge coin, your wallet is much more likely to compromise.

If you open a new wallet for every single altcoins, maybe one day you will forget some wallet. Use only a "Trust wallet", which will fulfill all your demand. Another point is about buying Dogecoin, not participating in any hype bullrun rally or already in a new ATH rally. Now Dogecoin isn't a secure investment for the long term, some high volume altcoins are much better. I won't mention the name to invest, do your own research.

Well you're still lesser than in the tip of an iceberg, OP.
You do your research now if you want to buy a DogeCoin.
I am not planning to invest any into that coin just yet, but it seemed to be getting a lot of attention especially from the celebrities like Elon Musk. :D

Recently, Dallas Mavericks owner Mark Cuban predicted that the price of the token would eventually reach $ 1.

In a tweet, he said customers had used more than 20,000 Dogecoins in transactions for the Dallas Mavericks, claiming the franchise was now "the world's largest Dogecoin trader."

The Mavericks were among the first franchises in the NBA to recognize crypto as a form of payment for tickets and goods after they began accepting BTC two years ago through the BitPay portfolio company. DOGE has risen in recent months as billionaires, including Cuban and Tesla CEO Elon Musk, mentioned the coin on social media. Musk's tweets probably contributed to the rise in the price of the token to $ 0.01 in January to a record of $ 0.078.

There's no staking in Dogecoin, if you see a service that offers it make sure that it's coming from a legitimate service because if you don't. There is a big chance that you're only depositing to a scam website.
And not because you usually see memes about it, that will be your metric to buy. You still have to make your own research why you're buying it.

Straight forward! But that's reality, invest only if you are willing to take the risk, the hypes around this market can easily emptied

your pocket, once you decide to buy certain project you must understand that there are always other side of from your expectations.

Buy now if nd only if you are done with your homework, anticipating what would might the next market movement is very useful, though

with your first step, always back it up with good understanding.

you don't need to buy doge or other cryptocurrency, even you already create a dogecoin or other coin wallet mate
because its not necessary for you to buy doge after creating a wallet, except you believe if doge is a good investment, then you should buy doge and hodl it
regards

if my advice is that instead of you buying DOGE, then you better buy another cryptocurrency that has more potential for the price to increase very high and I recommend you to invest in :
1. BNB
2. DOT
3. ADA
4. ROSE
5. DASH
because I am sure if the price will definitely continue to increase every time and give you a big profit.

Depends on you!

We do have different views when it comes to altcoins specially with Doge.Majority do see on how this coin been hyped by Elon.Right?

Dont let yourself get caught on the peak but somehow you can really play up with the moving price.It is cheap but considering on the entire supply
then its really easy to obtain tons of coins but of course this will always vary or differ with someones financial capacity.

As long you are aware with the risk then go ahead, its your money and dont listen on what others been saying.

I actually regretted not investing in doge before, I keep on seeing it before and just thinks of it a meme coin with much lesser value before and seeing its price now and how Elon uses Doge to hype now makes me buy some it. If oo have extra money it will be good still to buy and wait. I maybe just buy some to lessen the regret.

The fact that you created a wallet already, that means you are interested with the coin, so why not buy now and hold it if you trust its future.

He gives the effort for this and that probably because he wanted it.
Well, I have to say good luck to OP. Dogecoin isn't really a promising coin but the fact that it still exists in the market for a very long-time and the value still there, not that possible it soon to rally high just like the others.
Remember that Elon Musk shilling Doge, that might the reason for some people to take the risk for this coin.

What you are doing is a good thing by first creating a wallet for Dogecoin before buying Dogecoin. This means that you are ready to become
a Dogecoin holder, now all you have to do is buy Dogecoin according to the budget you have. Moreover, the current Dogecoin price has fallen 34%
from the ATH price which was successfully achieved one month ago. So now is the perfect time to buy Dogecoin in my opinion.

The intention can change anytime and even some bad suggestions can affect his decision not to invest in the dogecoin. Too many buzzwords around doge coin. I do believe it can happen.
I see no reason to invest in doge when the market gets dipping for now.
It may be a disaster for anyone who has tried to get into the doge market yesterday

You buying dogecoin should depend on if you feel dogecoin has something to offer in the future not because anyone in here say you should, cuz if eventually there's a loss after buying, its only you that will bear the cross, so I will not tell you to buy rather I would advice you to DYOR, and find out good reasons why you need to buy and hold doge coin for the future, if you find any good then go ahead and buy, but if you don't just move away and look for a more interesting project out there.

What kind of wallet is that? I used Dogecoin qt-wallet years ago and also did some mining as well. I never seen this though, must be a new one. This looks like an online wallet, I don't feel confident about these type of wallets. Better have your private keys and stay offline if you can.
You shouldn't buy DOGE for high price though, it was less than one cent months ago, now it's more than 5 cents. The coin price works on speculation. The risk is too high for this price.

if you believe DOGECOIN will increase very high in the future and give you a lot of profit, then of course you have to buy DOGECOIN, but if you are in doubt then you better not need to buy DOGECOIN, because in my opinion there are many other cryptocurrency that are better than DOGECOIN for investment.

DOGE is very volatile, you can’t win on this token if your emotion is weak since its volatile compare to other tokens. Elon is a very influential person, one positive tweet can change the price but if its negative, I’m sure bottom will be seen with DOGE so stay careful and mindful buying this.

Currently the price of DOGE is very high compared to when the price of Doge before the hype as it is now. I'm just afraid that
if you now buy Doge coin , the price will go back to the beginning. It may still be possible to trade short-term, but it's very risky,
I'm not suggesting, if op is not experienced in daily or weekly trading.

If you will ask that question here in the forum, you will on;y get a biased answer. Because peope who are holding and invested in dogecoin will say that it is the best time to but it and you will earn huge profit but those people who actually know the dogecoin, its credibility, stability and market trend, will say that if you want to lose money then but dogecoin. What I am trying to say, it should be you who will analyze that coin/token.

Doge price was not even at $0.02 this year. The price pump started at $0.008+ to about $0.086 price zone. So at 0.05, Its still considerably high except averaging down is one of the option to use and trade it in case it doesn't go towards upwards.


I believe so too because Dogecoin marketcap and price is too high at this time that's why it would not be easy to make much moves and probably because there are cheaper tokens with more upside potential.

Don't hurry to buy. You need to learn about the future of Dogecoin first. As long as you are not sure to buy and hold Dogecoin, you are better to choose other coins. Even if you have Dogecoin wallets, it doesn't mean you must have Dogecoin. Kindly forget or leave the wallet if you see the future of Dogecoin is bad. There are too many better options, you don't be stuck on Dogecoin only.

Well, we all miss the big hype that happened a month or two ago where it went to more than 200 satoshi per DOGE. Now I am not sure if it will go back down to the price I am really comfortable dealing with which is 24 to 28 satoshi or not. For me with Bitcoin rising, satoshi's value also goes up and in that sense, alts are becoming more expensive to buy. If DOGE became expensive then traders will resort to going to other alts that are on the 20 to 30 satoshi range.

Congrats on the new wallet!!!
NowBuy DOGe and hold it to the moon, lambo loading  ;D ;)

Doge seem to not going down despite the price of BTC.

If you generated a doge wallet then means you have plans. Take a look at the market first and the adoption. I would wait a bit of weeks though before buying, I think doge will take a dip a bit about $0.04, I just look at the chart. Coins are usually seen as shitcoin like ETH only to realize later the price goes higher that they have to pay more to get more of it.

Thanks for all answer guys! I just buy it for fun, i could be buy more or not let see what happen.
Here is my opinion about Doge coin.
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There are a lot of Doge bag holders. Most are waiting for another hype on Doge like what happened when Elon tweeted about it last time. Bag holders were able to earn a lot from it, but how about those who bought due to FOMO. I remember I saw a post on social media about him investing all his savings amounting to almost $10,000 and losing it all when he jought at the peak price.

Most people in the forum are probably thinking the same as I do, why do you want to buy dogecoin? If you have a legitimate reason why you want to use doge like avoiding the high fees of casinos and things like that then that is fine, but if you are doing this as an investment then I would say that you should stay away from it as it is very likely that you are going to lose money and then you are going to come here and lament the mistake you made by investing in that coin.

If you are just like Elon Musk who likes to troll on the internet then go all in on DOGE but aside from that, don't ever invest on it.

The coin has no future for me and its overvalued as of this moment. With its infinite supply and no use aside from it being a meme coin, I don't consider it as one of my long term holdings. A pump and dump coin and can easily be hyped, a coin that is being used by Musk just to troll his followers. I know that there are some investors that gained profit thru it but there are some who had so much loss in investing into DOGE. Don't do it :D. There are many coins out there who are far better than DOGE in the long run. Better invest to them than these meme coin.

In short, don't be a celebrity-driven investor.
Some of hodlers are like those, whenever one celebrity claims a coin reaching the moon soon. Even if they were like financial investors or a businessman, their knowledge doesn't always apply right to cryptocurrency.
This isn't stock market like those celebrities get busy at.

If you only want to buy Dogecoin for temporary trading, it looks like a Dogecoin Wallet is not that important to create either, but if you intend to buy to store it for the long term, then it is very necessary for a wallet to be able to make your Dogecoin very safe there.

To what extent do you know that Dogecoin is going to the moon and is good to buy at this point, because holding its name obviously takes patience and it also takes time to do that.

Are you going to hold it for long term? I dont see any sense why you make your own doge wallet while crypto wallets give you your doge wallet address and serves as your own wallet, too. You can buy and try your own wallet now then go back here and give us some essential feedback.

It totally depends on you if you think DOGE is a good investment you can buy but I would suggest you do not entice by the hype in the market. Earlier I use dogecoin because of less transaction fee but the current rate seems quite high so I don't take risks to buy and make transactions to move my funds from one exchange to another exchange. I would also say do proper research before buying and do not get enticed by those traders who earned good money from doge in the past 2 months now its risky to enter in my opinion rest is your choice.

I’m not a big believer in DOGE, I don’t think it has much of a future. Sure Elon shills it, probably as a joke. I mean the coin was made as a joke to begin with, a meme coin. We all make our own decisions but I’d invest in something more serious like Bitcoin or ETH.

Well it's up to you if you really want to buy doge and hold for long term. For sure the price of doge will increase in the long run but I still prefer to the other altcoins to invest that has still developing the project because it can increase more than doge.

Dogecoin is just a hype because of Elon Musk and social media. It would probaly go up of down again when Elon Musk tweet about is but i would invest my money somewhere else safer like Bitcoin and Ethereum.

Well, sure there's nothing wrong with buying this coin, it is still your call after all. I'm just gonna say if are only buying because of the hype created by Elon then you should know how much risk you are taking. There's a lot of altcoins that are better and much profitable than DODGE so why not look for them. If you still feel that you can gain something from it then why not but make sure to do some proper research first before taking it. Sure it's been profitable for other traders for a couple of months but it will not be always like that.

If OP loves playing with risk, byying doge and store it inside his newly created wallet is on his decision to make. Each investors around have their own choices of assets, just the same with OP.

If he's planning to catch some luck or he's just doing it for fun who knows what this project provide to him. There's a catch behind those Musk tweets and for future references it's really possible to jump more.

Personally, I believe that any cryptocurrency has its own great potential. And in the future, Dogcoin will be in demand. So if someone has the opportunity to purchase this coin, let them buy it. Because in a couple of years this coin will become very expensive and will be a great investment in the future. So each buyer has the right to express his opinion and decide for himself.

Yes every buyer is free to make his own choice and decide for himself if he wants to listen to the recommendations from this forum or not. This freedom also means that if we make a big loss because we bought the wrong coin at the wrong time, that we can't blame anyone else that our self's. We need to be aware that some people might have their own agenda. I still own some doge coin from a few years back and will just keep mine, not going to buy more or sell them.

It's important  to know what's really your intention in buying any kind of asset,.

Knowing the reason and setting up your target are the key tools in investing, moving forward, this coin as many knows how the pump and dump take place and with unlimited supplies it's really tough to invest if you don't have any concrete knowledge.

You are going to waste your money, but if you are done researching and you see the value, investing and holding till it reached your target probably brings the profits that you are waiting.

What's good in crypto currency world is that it allows us to move and choose freely.Just like in choosing and buying coins, we know that the value of the coin is unstable,it is quiet risky if your not finding ways to know the background of the choosen coins.So best thing to do is research and learn more to gain confidence and trust in order to be successful and never let negativity comes in to your mind.

In 2011, no one wanted to hold bitcoin wallet but now everyone in this world dying to hold atleast 1 Bitcoin which may repeat itself with Doge as well so try to buy when itself cheaper then you won't regret it.

I do believe in a different capability of any cryptocurrency, well i'm just being used to be a judgemental to cryptocurrency way back bitcoin was yet fresh in the digital world, which i didn't also expecting that bitcoi. Will hit its previous ATH of $60,000. So investing in DOGE as long as you can see a good future in it, then why not. We may have our own interpretation and conclusion so far today in DOGE but who could precisely predict the future of DOGECOIN right.

Not a great investment choice. But god knows what will happen. Your investment might go either way. Remember the golden words, "Don't invest what you cannot afford to loose"

Apparently, OP decided to create a Dogecoin wallet after another pump that followed Elon Musk post on Twitter. Therefore, he does not know that it is much easier to work with various coins, having a multi-currency wallet. Moreover, he does not know that it is possible to do without such a wallet, using an exchange wallet, if a small amount of money is stored on it.

If you have done your own research and it exceeds your expectations, then why not? As long have you have the guts and confidence to invest in it then do so. You only have to look for the potential of Dogecoin first so you won't have regrets in the future. Only you could decide because things will depend on how you trust Doge in the first place.

I think that when he already decided to create doge wallet and he knows that how much the safe amounts can be invested in the dogecoin. Elon is FOMOing bitcoin by giving a very good announcement about tesla to accept bitcoin as a payment and it looks like elon is rarely tweeting about doge again.
This might not be a good idea to take doge as an investment but this coin is not so bad as well.
I just wanna see how dogecoin will be going on without the tweet from the musk.

Every huge hodlers of dogecoin or users from pump-dump groups be like, "Buy Dogecoin as it'll hit $1" and FA (Fundamental Analysis) be like,"Am i joke to you!"  ;D
Better to stay out from those coins/tokens which don't have that much strong fundamental use-cases in the long run. Instead of taking entry into dogecoin, better to take trades on other alts according major events or TA, IMHO.

Probably not, I mean I would put a DOGE coin in a wallet where I cannot easily dispose of it, in short, I will not hold a DOGE coin for long-term investment.

I guess the best way was just to put your DOGE coin in an exchange or in a wallet that you could easily swap your DOGE to another cryptocurrency. I mean I do not trust tokens that just increase its market price because of hype in social media or hyped by Elon Musk, for a long-term investment it will just slowly dump its market price.

There is also another version of DOGE coin projects that are made in the past months that actually has a utility or an upgraded version of DOGE coin that means this DOGE doesn't actually have its use yet.

The thing is, the more we invest into "joke" coins, the less money there is for the actual good ones. Who decides which one is good and which one is bad? Well technology does if you ask me, there are so many projects that improved upon the previous ones and created a much better blockchain but we are looking at something as funny as doge.

Nobody could convince me about the fact that dogecoin is a good coin, it is not a good coin and it wasn't even created to be a good coin neither, it was created as a joke and people just took it too far. This is why I do not think that it would mean anything in the world to invest into doge at all. If everyone who ever owns a single cent of doge sold all their money, crashed doge price, used that money to buy even bitcoin if they want to but would be better if it was something high tech, that would make the crypto world better.

I have so much sympathy for doge, but I don't have interest in buying it right now because it's full of hype, so the price is probably too artificially expensive and next to saturation.
Of course it may be just a wrong impression by my side and doge will keep rising for some time yet, no one can predict it for sure.

Anyway before investing you need to ask yourself, does it worth the risk right now? Aren't there better options in crypto market?

Golden words like this have been heard very often and everyone who invests always understands risk and uses free money or money that he doesn't use in his daily life, so don't worry about other people, let alone carry the name of God in everything, because God the all-seeing will always give fortune to those who always try in a good way.

can you share what coin is that?

Without any doubt, i can agree with this as we need to take advantage of any situation without any kind of fomo.  :D Whenever Elon Musk made tweets about Dogecoin which pumped it as well as eventually dumped afterwards and surely, many of us made huge profit by taking short postion on degecoin future trading. So, it's a great oppertunity to make profits, but it's not good to hodl dogecoin for long term purpose.  ;)

Not good if you failed to make your sell in the right timing.

It's tough since Doge it's been played a lots of time, each tweets coming from Musk create market movements for this project. There are opportunities if you know how to buy low and sell high. Easy to say but very risky for those who are not capable of holding and waiting for
the pump.

It doesn’t matter if an altcoin is oldest then it should preferred because it has infinite supply.
Even the bitcoin has limited supply.
So it’s for sure that Doge coin will not always remain this high.

That's the main point to make successful trades on any situation and i personally observe, whenever any users buy any coin/token, it dumps a lit bit and those users think like panice hodlers that it won't rebound and sell off. But at the end, that coin/token pumps a lot and those users regret for not hodling that coin/token ( personally i get to know with this type of people ). So, it's bascially about not being into fomo and think differently with solid analysis and market trends. Also, sometimes market moves into the other direction which wasn't expected by the majority.  :D