Going all-in in a single asset is always a risky strategy. What led you to such decision? You risk not only becoming a life-time holder, but you could also miss other opportunities to earn. Just look how Ethereum price grows up every day. Daily price increase in % of Ethereum is higher than Bitcoin. Going all-in you are missing opportunities to earn on a short term. I would suggest to diversify risks. Go with most of your bank into Bitcoin, but keep 10-20% for a short earning opportunity/quick decisions.
Yeah probably Ethereum can grow 3x times from now but I'm sure BTC will grow 3x times as well in the near future, so no need for extra headaches. While it can be easy to triple the BTC amount by investing in alts it's also a risky business and you can lose what you got so far, so I prefer no extra worries. |
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Of course this happened. It is nothing more than market manipulation. Now a lot of people is losing money because they missed the Doge train.
If the price will continue to drop, we will see some hype around it and pumping because of those that bought high.
There is an very true statement that every trader knows: Buy the rumors - sell the news!
Many traders know this, it always pays to be an early bird on rumors, because you are going to be the first to sell the news when the rumors are confirmed, there's always a tricky part when buying rumors and selling the news especially in the case of Dogecoin, where you know that it's not going to be long term and the hype will eventually die down, you should know when it's time to get out. Correct, it is still not too late to get out, I'm sure this year we will see Dogecoin dropping a lot, back to its normal prices because people will realize in the end it's too much hassle and there are easier ways to make cash in the crypto world, without so much drama involved and without feeding the boosted ego of a billionaire guy. |
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Although I never advise putting all the eggs in a single basket, but seeing the price of btc now I am more excited too, I have even thought about selling many of my things to buy BTC, but it is difficult, I am fully sure that BTC will rise to $100k.
What do you advise me?
I personally have no doubts it will reach $100K and beyond. But of course nobody guarantees anything. You have to listen to your guts, I did and this is why I hold so long and plan to hold most of it even more. |
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They could have paid with Zimbabwe Dollars as well.
Why don't we see real world projects using Dogecoin except the ones from Elon Musk? Because he's the only one pushing this coin, this is why. And people say it's not manipulation, really, what is is then? A bad joke, this is what it is. He destroyed this coin which was really fun before he took over it and now he's using it as a toy for his own narcissistic pleasure.
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Welp congrats. If you were able to wait that long time while there's not that much attention to bitcoin and its price on its early years, then I guess you can still wait another 7 years while bitcoin reaching another ath in almost every month.
Thanks. Yeah but as any individual I also have my needs and time comes when you need to make a move. Cannot wait forever you know... of course I plan HODLing but might need to sell a fraction at some point. |
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
bitcoin was about 100 USD in 2013. If you invested 2000 USD back in 2013 you have about 20 bitcoins (as you never sold any), which is about 1 million dollars. I would sell at least 25% of those bitcoins and buy something solid like a house or some ETF if I were in your position... I've only joined in late 2013 and earned BTC in the coming years as well. I think you're overestimating my earnings  |
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Where have you been? I wish I'd met someone like you back in the days to tell me about BTC... unfortunately I only found out about BTC in 2013 by myself. That's my biggest regret. Of course there are more but sometimes I wish I have joined the train earlier.
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By not sold a bit, do you mean not sold any at all? Those would be very strong hands you got Is this a risky move?
It is a risky move in my opinion, but I think it's a wise one and doubt you are alone, especially on this forum. If you plan on selling a bit later this year, that would help provide a cushion, should there be any unfavourable price movements as you've already pulled out some profits. I never sold a satoshi. It's hard to do it but I got used to HODLing. Also I don't trust any altcoin too much to be honest. HODLing is fun: no headaches! |
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
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There is no need to get angry if you still got a profit. Yes, it could have been better but remember: being greedy is a sin and won't get you very far in life. So as long as you're in profit (even a small one), let it be and move on. Good times are waiting you around the corner.
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The most interesting thing is that Dogecoin has no reason for growth, except for the manipulation from Elon Musk. Dodgecoin does not contain any technology. This is exclusively a game of roulette, where Elon Musk will win, and most people will lose their funds. I assure you.
Now he posted that a cargo will be sent to the Moon and the payment was made with Doge. Big deal. You could pay it with Litecoin as well. The manipulation schemes go on to pump the price. I sold all my Dogecoins to BTC and I'm out of this bad movie, my time is too valuable to waste it on this joke. |
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I wouldn't trust my finances too much when you have to deal with a narcissistic manipulator person. He admitted himself he is a narcissist (but a useful one lol whatever that means) so what else do you expect. Be cautious, don't be a blind sheep.
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When it comes to fomo as well as hype on any coin whatsoever, no matter who is causing that hype, there is need to be careful of that coin because anything can happen and in most cases market manipulation just as Doge. Many people were jumping into Doge without having any target, or will I say they were all clamouring for 1$ while most were busy taking profits, and in addition if you check the rants so far, its mostly new traders or newbies who saw what was happening, and without any form of advice jumped in and now they are lamenting.
Even if he continues now again, the price will skyrocket again and a lot of people will still forget the lessons learnt.
Well, since it's all about manipulation, the price might skyrocket again after correcting but no one knows when or if it will at all.
The price manipulation continues! SpaceX announces the DOGE-1 mission to the Moon for the Geometric Energy Corporation: Launching on a Falcon 9 rocket in first quarter 2022, GEC is sending a 40 kilogram cubesat – paid for entirely by cryptocurrency DOGE. https://prnewswire.com/news-releases/Give me a break, you could pay those with BTC, Litecoin or Ethereum, this guy is making fun of us and many sheep are following blindly. |
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So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.
Today Elon looked like a confused person. Although he did talk about the dogecoin but it was all in a joke. We were hoping for some serious announcement form the Elon Musk, but it seems that Show was only for entertainment purpose. Nothing specil about dge was announced and price dumped out of disappointment. How can people expect a serious announcement about something unserious? This coin is based on a meme, what normal business would invest their capital in a meme? Buy BTC if you want to live a more peaceful life without checking the Doge price every minute, people will die of stress this way. |
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A master of manipulation. People praise him like he is a kind of god. He is just a human being who happens to be a billionaire. He loves money as much as you do or maybe even more. People better use their brains and not count on AI from Musk instead. You will be musked in the end.
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I sold my last Dogecoins to BTC so I don't care anymore what happens with this joke coin. Too bad because it was a really nice fun project but Elon Musk made it look like garbage.
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I really don't see a perfect relationship between dogecoin having a mixture of yellow and Elon musk disliking the yellow colour for company. Dogecoin was sort after for investment purpose and certainly the colour of dogecoin doesn't show up in his investment portfolio. It would be stupid to avoid investing in a cryptocurrency because of the colour of the website. I don't even know the colour of ethereum or btc, what matters to me and every investor is how much returns can be derived from a coin and not the colour of anything.
Don't you get the idea behind my thread? Elon Musk hates yellow when it's about his workers but doesn't hate it anymore when it's about making good cash, he doesn't even see it anymore. It's good business for him. |
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He took the Tesla name... 1856
He took the electric car concept... 1832
He took the tunnel transportation concept.. 1843
He took the space exploration concept... 1957
He took the cryptocurrency concept.. Dogecoin... 2013
Can't you see this guy is playing you how he wants? He is not inventing anything new he is just promoting existing stuff at never-seen before levels and manipulating the masses.
If you still don't get it by now I'm really sorry for you and your finances.
BTW I will never buy a Tesla just because there are always other alternatives.
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I told you all that this guy is a liar and you shouldn't trust him, I guess you all got you wanted, the false riches of Mr. Musk! Do you really think a billionaire guy wants you to be rich? You must be dreaming folks.
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I told you this guy is playing with you, look at Dogecoin: down and getting even lower... I told you so!! Do you really think a billionaire wants you to get rich?
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